An additional five VCs from Vancouver, Toronto, and Montréal will receive portions of the $25 million commitment

Focused on deep tech, including AI, IoT and sustainability the fund garners strongsupport from Canadian and international investorsMONTREAL, July 11, 2024 /PRNewswire/ - TandemLaunch, a leading Canadian venture creation studio and seed fund specializing in university technology transfers, proudly announces the first close of TandemLaunch Ventures Fund IV, ("TLVIV") for initial proceeds of over $27M CAD. With a robust focus on deep tech and sustainability, TLVIV represents a significant milestone in TandemLaunch's commitment to fostering innovation and supporting entrepreneurs. The fund garnered support from lead investors BDC Capital and Fonds de solidarité FTQ, and over 30 family offices and angel investors domestically and internationally, many of whom have been long term investors.Led by Helge Seetzen and Émilie Boutros and managed by a multidisciplinary and diverse team, TandemLaunch has a distinguished track record of identifying and nurturing disruptive technologies, originally developed in university laboratories from all over the world, to prepare them for exponential growth. TLVIV will continue the mission of driving transformative change by providing capital and strategic guidance to companies in cutting-edge fields."One of the greatest challenges of a technology business is to remain at the forefront of innovation. I'm extremely proud of our ability to identify and nurture technologies from around the globe and turn them into thriving leading edge businesses. With TLVIV, we are now putting even more emphasis on new emerging sectors such as sustainability and climate tech