From The Gazette:

Tandem Expansion, a new investment firm, secured $300 million to help young Canadian technology companies expand to a global level.

The fund will invest between $10 million and $40 million on companies with the potential to become “global market leaders.” Eligible companies must have a commercial technology and a roster of paying clients, Tandem specified in a press release.

“For Canada to succeed in the knowledge economy, we need entrepreneurs who can turn research into world-class companies,” Jean-René Halde, president and CEO of the Business Development Bank of Canada said. “They need access to growth capital pools from investors who back them.”

Along with the BDC, other large institutional investors contributing liquidity to Tandem include Export Development Canada, and Teralys Capital a “fund of funds” that provides capital for venture capital firms.

Do you think this will this help existing gaming companies make their way to Canada, or help smaller indie companies grow?

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Tags: bdc, investment firm, tandem expansion, venture

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