White Star holds $70m final close on first fund

Founded by former Facebook executive Christian Hernandez and technology M&A banker Eric Martineau-Fortin, the VC's investment team also includes the co-founder of games developer Ludia, Jean-François Marcoux.

White Star Capital has offices in New York, London and Montreal, and has already invested $25m of the capital committed to its fund.

Investments
The fund will make growth investments in tech-focused startups in Europe and North America, with ticket sizes ranging from $500,000-5m.

White Star has committed a total of $25m from the fund to date, investing in companies such as robotic locksmith KeyMe in New York, Montreal-headquartered internet-of-things predictive analytics firm Mnubo, and Stockholm-based financial exchange Cryex.

Investors
LPs in the maiden White Star fund include sovereign wealth funds, institutional investors, entrepreneurs and family offices from Europe and North America, spanning a total of 18 countries.

The Business Development Bank of Canada is a cornerstone investor in the fund, through its BDC Capital arm.

People
Christian Hernandez is a founder and managing partner of White Star, alongside Eric Martineau-Fortin.

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