Canadian single family office invests in $60M ClimateTech fund

Canadian single family office invests in $60M ClimateTech fund

We created this article as part of our research process for our Canadian and Fund Investor single family office database. Here, we are highlighting the latest startup investment from the single family office of Mark Pathy.

You might also like the list of the largest Cleantech investors, published from our partner portal Thousandinvestors.

The Canadian venture builder and startup investor Diagram Corporation has annoounced the initial closing of a new $60M fund targeted at supporting ClimateTech startups. Diagram has, so far, invested in 18 ventures since 2016, which today have a combined value of $1.5Bn and employ more than 1,500 people. The new fund has now reached more than $50M in commitments. Amongst the investors is the Canadian single family office Mavrik of businessman Mark Pathy.

Mavrik: the single family office of Mark Pathy

Pathy has launched its investment firm Mavrik in 2016, targeting “social innovation”. Pathy inherited shares in shipping company Fednav, which he also led until 2016. The family office has its headquarters in Montreal. Besides venture capital and venture capital funds, the family office also targets real estate investments and backing philanthropic endeavors.

Article Source: Private Capital Journal
Picture source: Nicholas Doherty

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