Lacavera Returns to Startups With C$100 Million Canada Tech Fund
- Wind Mobile founder becoming a force in country's tech scene
- Plans to close venture capital fund by the end of 2016
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Tony Lacavera, the Canadian entrepreneur who created Canada’s fourth-largest wireless carrier after an eight-year odyssey, is diving back into technology investing by raising as much as C$100 million ($68.9 million) for a new venture capital fund.
He’s already made five investments in the last year with his own money, joining with with some of Toronto’s best-known tech investors in startups such as Kira Talent, Revlo and ChargeSpot. He’s a fixture at the city’s tech events and has sponsored some of its leading startup incubators, including OneEleven and MaRS. Now Globalive Capital, his venture capital firm, is in the process of raising funds from institutional investors and family offices.