BKR Capital, the first Canadian venture capital fund dedicated to black-led businesses sets up office in Montréal
Summary
BKR Capital intends to act as a catalyst for entrepreneurial initiatives in technology within Black communities, including those in Qu\xe9bec, which represent nearly 30% of the total Black population of Canada.With the funds, we plan to support 18 innovative companies over the next four years and help create the next Canadian success stories. We are thrilled to have the support of institutions such as CDPQ, Teralys Capital and Fondaction, investors who share our vision that a more inclusive business universe ultimately benefits everyone.Our participation in BKR Capital is part of our commitment to a more inclusive economy. With the network of technology industry leaders and investors committed to providing advice and mentorship to the fund and the values of diversity and inclusion that drive it, this first national initiative of its kind has the potential to positively change the financial ecosystem that brings together technology companies in the country, said Marc-Andr\xe9 Binette, Deputy Chief Investment Officer at Fondaction.BKR Capital also announced an investment in GOODEE, a Qu\xe9bec-based B Corp certified online retailer specialized in furniture and accessories, lifestyle products and sustainable design.Founded in June 2019 by designers Byron and Dexter Peart, GOODEE is an avant-garde platform that brings together the values of good design, good people and good purpose. Inspired by the UNs 17 sustainable development goals, GOODEE is first and foremost a digital marketplace that provides a solution to several urgent social and environmental issues such as reducing poverty, gender equality and the fight against climate change.As Black entrepreneurs, we understand the importance and opportunity offered by the role we play in reshaping the narrative and representation of what a good company is, stated Dexter Peart, Co-Ceo and Co-Founder of GOODEE. We are inspired by the strength of BKR Capitals commitment to supporting the positive impact and innovation in growing companies, and we are very honoured to be their first investment in Qu\xe9bec.