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Alternative Market Briefing

Growth technology investor White Star Capital holds $360m final close for Fund III

Wednesday, October 27, 2021

Laxman Pai, Opalesque Asia:

White Star Capital, a multi-stage global technology investment platform, announced it has secured $360 million for its third flagship fund, to invest in exceptional entrepreneurs building ambitious, global businesses. Its original target was $300 million.

The VC firm has successfully raised more than $500 million over the last 18 months, and now manages $750 million of assets, including $50 million from its recently announced Digital Asset Fund and more than $90 million raised from co-investment vehicles, said a press release.

Eric Martineau-Fortin and Jean-Francois Marcoux founded firm also announced it will open an office in Singapore.

Following two funds of $70 million and $180 million, announced in 2015 and 2018 respectively, White Star Capital plans to deploy initial investments between $5 million and $15 million in 15 to 20 startups across North America, Europe, and Asia seeking financing at Series A and beyond.

The firm has already made several investments from Fund III, including finn.auto (Germany), Percent (U.S.A.), Flash Coffee (Singapore), Novisto (Canada), 900.care (France) and Numan (U.K.), and seeks to invest in emerging technology companies in the A.I., Digital Health, Fintech, Foodtech, Future of Work, Industrial Technologies, Mobility and Wellbeing sectors.

"Now with more than 30 team members in nine locations around the globe, White Star Capital supports investors by taking a platform approach to invest. This ......................

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