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.

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