Edmonton, AB - Alberta Enterprise Corporation announced today that it has launched a second early-stage angel co-investment fund, Accelerate Fund II, with a $10 million investment. Accelerate Fund II will provide local entrepreneurs with a great new resource for startup capital. Managed by Yaletown Partners, Accelerate Fund II will continue to have the A100 act as the operators of its industry committee.
This new fund has been created to continue to build the Alberta innovation ecosystem by investing alongside angel investors in early-stage technology companies. It will also focus significant efforts on further development of the ecosystem. More details here.