Canadian impact venture fund Amplify Capital closes $30.7m Fund II, expands investment team

Canadian impact venture fund Amplify Capital closes $30.7m Fund II, expands investment team

Published: 07-02-2022 12:54:00 | By: Pie Kamau | hits: 465 | Tags:

Amplify Capital, a Canadian impact venture fund, closed its oversubscribed Fund II at $30.7 million. Amplify Capital was rebranded from the MaRS Catalyst Fund after spinning out of the MaRS Discovery District in 2019.

Led by veteran private equity executive Kathryn Wortsman, Amplify invests exclusively in early-stage startups that apply innovative technologies addressing the world's most complex and urgent problems.

Amplify proudly partners with notable investors that align with its mission to generate double bottom-line returns. Fund II boasts a diverse investor base, with Limited Partners Royal Bank of CanadaFondation Lucie et André ChagnonFondactionVanCity; Jona Capital; and numerous Foundations and family offices.

After the success of Fund I, Fund II will continue to grow Amplify's mission to catalyze the democratization of global health, education, and a sustainable environment (aligned with U.N. Sustainable Development Goals #3, 4, and 13, respectively).

Targeting quantitative impact outcomes, Amplify will invest $500,000 - $1,000,000 Seed and Series A funding, plus reserve for follow-on funding. Amplify seeks to lead, co-lead and participate in funding companies ready to scale in these sectors. According to the Business and Sustainable Development Commission, achieving the SDGs represents more than a $12 trillion annual market opportunity.

www.amplifycapital.ca