Kensington Venture Fund

Kensington Venture Fund in Pela’s $5 million Series A financing 

Client

Kensington Venture Fund

Value

$5 Million

Service

Emerging and High Growth Companies

Date Closed

October 2019

Industry

Venture Capital

Lead Office

Toronto


 

On October 11, 2019, Pela completed a $5 million Series A venture capital financing round led by Kensington Capital and Marcy Venture Partners. Pela will use the funds to expand its range of compostable phone cases.

Kensington Capital is a leading independent Canadian investor in alternative assets, with $1.5 billion in assets under management. Kensington Venture Capital invests in promising venture capital funds as well as direct investments in emerging technology companies.

Pela is a Kelowna BC-based company that makes compostable phone cases and has a goal of preventing one billion pounds of plastic from being made.

Osler, Hoskin & Harcourt LLP advised Kensington Venture Fund with a team led by Chad Bayne and consisting of Gary Marshall and Kosta Starostin (Emerging and High Growth Companies).


Team
Chad Bayne
Key Contact

Chad Bayne

Partner, Emerging and High Growth Companies

Gary Marshall

Gary Marshall

Associate, Emerging and High Growth Companies

Konstantin (Kosta) Starostin

Konstantin (Kosta) Starostin

Associate, Emerging and High Growth Companies