U.S. venture capital firm SAIL Venture Partners goes on hunt for Canadian cleantech, plans to establish Canadian-focused fund
This is an encouraging sign for the Canadian clean technology sector. SAIL Venture Partners, the early-stage venture arm of SAIL Capital Partners, said today it is partnering up with the Canadian subsidiary of Stifel Financial Corp. to create a joint venture and fund that would tap into Canadian cleantech opportunities. Specifically, the fund would invest in early stage cleantech companies in Canada that have ready-for-market products. “SAIL’s expansion into Canada represents a tremendous vote of confidence in the quality of Canada’s cleantech sector,” according to David Fransen, Consul General of Canada in Los Angeles.
It’s nice to be loved.
Tyler Hamilton is editor-in-chief of Corporate Knights magazine and a business columnist for the Toronto Star, Canada's largest daily newspaper. In addition to this Clean Break blog, Tyler writes a weekly column of the same name that discusses trends, happenings and innovators in the clean technology and green energy market. This blog is a personal project started in April 2005. It is not an official blog of the newspaper.
