(January 4 – 10:20 ET) – 360 Capital Corp. says its VentureLink Fund has been approved by the Ontario Securities Commission and is now open to investors.

The new labour sponsored fund is the venture investment arm of 360 Capital Corp., an online venture capital network for early stage Canadian technology, internet, telecommunication and biotechnology companies seeking funding from both sides of the border.

360 Capital will invest alone and will also submit pre-screened business plans to a network of over 30 leading venture capital firms in the U.S. and Canada for co-investment consideration.

“For the first time, Canadian entrepreneurs can secure funding here in Canada through VentureLink Fund, access additional capital and connections from established U.S. venture capital players and obtain business management expertise from leading consultants and advisors — all from a single source.” says 360 founder, Gord McMillan.

The 360 Capital and VentureLink Fund management team includes Sue Coleman and Leon Radanycz. Coleman co-heads the company’s deal-screening and investment team. Prior to joining 360 Capital, Coleman managed two small cap funds at Altamira and has over 18 years of portfolio management experience.

Radanycz comes from Gluskin Sheff & Associates, with 16 years of experience as a successful technology entrepreneur and money manager. Advisors to the Fund include The Strayer Consulting Group, a management consulting firm based in Silicon Valley and Starting Startups of Ottawa.

The VentureLink Fund will focus investments on early stage Canadian technology companies in the software, broadband, Internet, fibre optics, wireless, biotechnology and telecommunications sectors. The fund offers investors a 30% tax credit on investments held for at least eight years.
-IE Staff