Post by BKR Capital

Today, BKR Capital is proud to announce the $20M first close of its second venture capital fund, targeting $50 million to back the next generation of globally competitive Black-led technology companies. The first close includes commitments from leading institutional investors including RBC, Boann Social Impact Fund, Fonds de finance sociale Cap Finance, BDC and Export Development Canada | Exportation et développement Canada. It follows the strong performance of BKR Capital’s inaugural fund, which is currently tracking as a top-quartile performer for its vintage. Through Fund I, the firm invested in 15 technology companies, many of which have experienced strong revenue growth and have begun expanding internationally. "Supporting Canadian companies as they expand into global markets is critical in today's economic environment, and our investment in this fund speaks to our commitment to helping level the playing field for Black-owned businesses to access the capital they need to fuel their growth," said Lissa Bjerkelund, Vice-President and Head of Investments at EDC and executive responsible for investments. "Funds like BKR Capital help Canadian businesses scale into new and fast-growing trade markets, contributing to greater trade diversification and ensuring more Canadian technologies have equal opportunity to compete globally." To read more details, see the full press release via PR Newswire: https://lnkd.in/eA-K57Ji Lise Birikundavyi, CFA, Isaac Olowolafe, Ebenezer Arthur, Rebecca Johnson, Victor Sada, CFA, Ziyi Shi, Dana Ramnarine, Rotimi A., Julian Antony, CFA, Julia Vlad, CFA, Ines Saad, CFA, Femi Aiyegbusi., Paula Cruickshank, Armel N. #BKRCapital #VentureCapital #BlackFounders #BlackEntrepreneurs #TechStartups #Fundraising #FundII #Press #Canada #Diversity #InclusiveInnovation