Harvest Builders announces new $ 14 million venture capital fund for breakthrough financial technology
Calgary, Alberta – (COMMERCIAL THREAD) – Harvest Builders, a Calgary-based growth platform and venture capital studio, announced the addition of Harvest Venture Partners, a early stage venture capital firm investing in leading financial technology companies . Harvest Ventures’ inaugural fund is one of the largest single general partner funds in the world with 14 million Canadian dollars (CDN) and is backed by institutional investor ATB Financial.
Harvest Venture Partners leads investments in pre-sized founding teams and provides an unrivaled set of resources and partnerships to rapidly accelerate market adoption and distribution. Unique among these is to provide founders with the competitive advantage of anchor business partnerships. Harvest’s early partnerships include Canadian FinTech Neo Financial, and has already made investments in OneVest; a next generation wealth and asset management company, and Walnut; an integrated insurance company whose co-founder, Derek Szeto, successfully left RedFlagDeals as part of a landmark acquisition with Yellow Pages.
âAt the heart of every great business is an extraordinarily dedicated founding team. We launched Harvest Ventures to provide generational support to founders that gives them the resources and an advantageous distribution to grow their business faster than any other partner, âsaid Alex Gold, Founder and Managing Partner, Harvest Venture Partners. âLifetime support and resources matter more than ever, and our strategy provides founders with benefits no other Canadian fund can match. “
âATB Financial and Harvest Venture Partners share a common mission to build and support innovation and technology companies in Alberta. We see a significant opportunity to positively impact the digitization of Alberta and the growth of the knowledge economy in a way that will benefit the province now and into the future, âsaid Curtis Stange, President and CEO of ATB Financial.
While Harvest Venture Partners works with the founders to provide upfront seed investment, the unique relationship with Harvest Builders’ Venture Studio ensures that the founders have access to generational resources and services in areas such as talent management, performance marketing and financial operations. Harvest’s commitment is to support founders throughout the life of their business; a radical departure from any other growth platform and venture studio.
“Through the collective experience of the leaders within Harvest Builders, we understand the unique factors in building successful, market-leading businesses, âsaid Chris Simair, Managing Partner, Harvest Builders. âFrom the start, our vision for Harvest was to bring together the essential elements that support a productive entrepreneurial ecosystem in Western Canada, and this fund is an essential part of that ecosystem. As a result, we can expect to see more and more billion dollar unicorn businesses set up here on the Prairies over the next several years. “
For more information on Harvest Venture Partners and our portfolio, visit: www.harvest.ventures.
About Harvest Venture Partners
Harvest Ventures is a Calgary-based venture capital fund that partners with founders to build the future of fintech. Harvest leads investments in founders focused on pre-traction products with strong opportunities for acceleration and scale through distribution and channel partnerships. Harvest’s investments include OneVest and Walnut Insurance. For more information, please visit: www.harvest.ventures.
About Harvest Builders
Harvest Builders is an innovation platform designed to provide beneficial opportunities for entrepreneurs to build globally competitive businesses. Harvest Builders includes a venture capital studio and talent builder who support Canadian tech companies from business ideation and training to commercialization and growth. Harvest is based in Calgary, Alberta, Canada. For more information on Harvest Builders, please visit: www.harvest.builders.