Kensington Capital Partners Limited

Kensington Capital Partners Limited in connection with Brightspark’s $6 million financing

Client

Kensington Capital Partners Limited

Value

$6 million

Service

Emerging and High Growth Companies

Date Closed

December 2017

Lead Office

Toronto

 

On December 6, 2017, Brightspark Ventures ("Brightspark") announced that it has closed a $6 million financing round led by Kensington Capital Partners Limited ("Kensington"). This is a direct investment into Brightspark’s infrastructure to fuel Kensington’s growth.

With this new financing, Brightspark is expected to double its team across Canada. The firm also anticipates that it will accelerate its investment pace from the equivalent of a $100 million fund to that of a $120 million fund, with an estimated $20 to $30 million invested annually.

Brightspark is a leading Canadian venture capital firm, investing in early stage software companies. Brightspark was the first to establish a model that opens venture capital investment to individuals in Canada, allowing Brightspark to set the standard for a new approach to venture investing in this market.

Kensington is a leading independent Canadian investor in alternative assets, with over $1.1 billion invested to date in venture capital, private equity, hedge funds, and infrastructure.

Chad Bayne (Corporate) of Osler, Hoskin & Harcourt LLP represented Kensington.