(April 2 – 12:50 ET) – VentureLink Fund, has raised more than $40 million during the 2001 RRSP season to be invested primarily in early stage Canadian technology companies.

The new labour sponsored fund is the venture investment arm of VentureLink Capital Corp., an online venture capital network for early stage Canadian technology, Internet, broadband, telecommunication and biotechnology companies seeking funding from both Canada and the United States.

In addition, effective March 31, 2001, the fund’s parent company has changed its name from 360 Capital Corp. to VentureLink Capital Corp.

The VentureLink Capital and VentureLink Fund management team includes two of the industry’s top fund managers, Sue Coleman and Leon Rudanycz. Strategic partners include The Strayer Consulting Group, a leading management consulting firm based in Silicon Valley and Starting Startups, a technology based accelerator based in Ottawa. This investment team provides the fund and investee companies with unparalleled experience and expertise.

VentureLink Capital Corp. will identify and screen investment opportunities and plans to secure funding for the most promising new entries in Canada’s technology sector through the VentureLink Fund. VentureLink Capital will also submit pre-screened business plans to a network of over 30 leading venture capital firms in the U.S. and Canada.
-IE Staff