Montreal’s company creator, seed fund and incubator-of-sorts TandemLaunch has signed on Cap Vista Private as an investor in TandemLaunch Ventures Fund II. Cap Vista is the investment arm of Singapore’s Defence Science and Technology Agency.
According to PE Hub’s Kirk Falconer, it’s both a strategic and financial move for Helge Seetzen and TandemLaunch. Cap Vista can provide access to global funding and development opportunities to TandemLaunch’s crop of newly-formed tech startups.
“Our ability to bring together brilliant technologists, entrepreneurs and strategic partners is at the core of our unique value creation model,” said Seetzen, the founder of TandemLaunch. “Beyond their investment in TandemLaunch Ventures Fund II, this partnership formalizes a framework by which Cap Vista can further empower our ventures by providing access to potential new sources of funds and development opportunities internationally.”
TandemLaunch Ventures Fund II closed in November at $15 million.
Since its foundation in 2010, TandemLaunch has helped created 13 individual startups valued at “over $100 million” and employing over 250 in the Montreal area. Notable portfolio companies include LandR, SPORTLOGiQ and wrnch.
TandemLaunch wrote in a release that the new cash will allow it to initiate “at least another dozen new ventures”. The objective of the fund is to create companies that develop strong intellectual property with the potential for global commercialization.
Cap Vista’s mission is to identify and make strategic venture investments in local and overseas emerging and early-stage companies that develop cutting-edge technologies.
”We invest in technology start-ups with promising applications and products that seek to develop their businesses in the Asian defence and security market,” said the firm’s CEO, Chee Wei Nga, “we believe that such innovative technologies and partnerships are beneficial for our mutual entrepreneurial ecosystems, as well as the defence and security needs of Singapore.”