White Star Capital closes second fund on $180m

Already present in London, New York and Montreal, the VC will additionally open offices in Paris and Tokyo.

The GP also announced the arrival of Matthieu Lattes as a new partner in Paris, Sep Alavi as venture partner in New York, and Shun Nagao as venture partner in Tokyo.

White Star's first fund, $70m White Star Capital I, closed in 2015.  

Investors 
LPs backing the new fund include institutional investors such as Caisse de dépôt et placement du Québec, Fonds de solidarité FTQ, the Business Development Bank of Canada, Korea Venture Investment Corporation, Investissement Quebec, Arkea Group, Mizuho Securities, Swen Capital Partners, Isomer Capital, Walter Financial, Clerville Investment Management, Temaris Capital, Simone Investments and Portag3 Ventures.

A number of corporates have also backed the vehicle, including Veolia, La Capitale, Corporate Groupe ADP, Ubisoft and Unisys Corporation through Canal Ventures.

Investments 
The GP plans to invest in companies that need help to expand abroad. It will invest in around 20 new businesses from the new fund, providing equity tickets of $1-6m.

White Star has already invested in eight companies from its second fund, located in Europe and North America. The transactions in European companies include Clark (Germany), Meero (France), and Butternut Box and Echo (UK).

People
White Star Capital – Eric Martineau-Fortin (managing partner, co-founder); Matthieu Lattes (partner).

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