Montreal-based TandemLaunch closes fourth fund at $37m to back tech and sustainability startups

TandemLaunch, a Canadian venture creation studio and seed fund, has closed TandemLaunch Ventures Fund IV (TLVIV), at over $37 million. The Venture Capital Catalyst Initiative (VCCI) joins BDC Capital, Fonds de solidarité FTQ and over 30 family offices and angel investors domestically and internationally to fund a target of 15 startups focused on deep tech and innovative sustainability solutions.

TandemLaunch specializes in transforming university-born technologies into high-growth ventures. TLVIV will continue fueling breakthrough innovation with capital and strategic guidance.

Helge Seetzen, CEO and Managing Partner, TandemLaunch: "We are thrilled to again welcome VCCI to our platform dedicated to creating exceptional deep technology companies in areas such as advanced computing, communication, and materials. We see a bright future ahead for next generation AI solutions, such as Recho.ai, to boost real-time speed, security and energy efficiency on edge devices, while reducing the environmental footprint of advanced computing in data centres. At a time when AI adoption is surging, the need for sustainable computing solutions has never been greater.''

Émilie Boutros, Managing Partner, TandemLaunch: "Over the years, we have demonstrated that sustaining a more inclusive and multicultural ecosystem of talented entrepreneurs and technologists is not only rewarding, but a key success factor. With TLVIV, we are eager to further our mission of driving transformative change in cutting-edge fields and have already invested in two ventures, Agapyo and Waveshaper, both companies deploying deep tech solutions to disrupt their respective fields and propelled by women co-founders and technologists.''

The TandemLaunch model is unique in Canada. It is based on its ability to identify disruptive technologies that have significant international commercial potential. By bringing together the best talent and the necessary seed capital, TandemLaunch facilitates a swifter startup journey while mitigating the risks inherent in bringing new, innovative technologies to market.

www.tandemlaunch.com

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