New VC Fund: Canada’s Got Mobile Money!

May 12, 2008

Rick Segal posted a description of the shiny new VC Fund for everything mobile. This is great for tech innovation in general and Canada specifically. Some great companies have come from Canadian entrepreneurs but far too often they have had to move to Silicon Valley to get the support and funding needed to go big.

Not any more, this new fund isn’t simply another example of Canada’s Web 2.0 community following the lead of our U.S. counterparts, it establishes Canada in the lead for the wave of next generation mobile innovations. Yes, Kleiner Perkins has a $100M iPhone fund but this new fund constitutes the first ‘any platform’ fund (and it’s $150M so it takes the lead!).

So get those ideas out of your head and on your phone! Great job RIM, JLA, RBC, and Thompson.