Toronto, Canada-based venture capital firm Impression Ventures closed its second fund at C$20m.
Anchor investors in Impression Ventures II include FairVentures Inc., a subsidiary of Fairfax Financial Holdings Limited, as well as numerous family offices desiring exposure to the early stage financial technology sector. Fund II will invest in early-stage financial technology companies developing solutions benefing consumers and businesses as well as in insurance-related opportunities.
In conjunction with the launch of the new fund, Impression is adding several new advisors, including Claudia Hepburn and Steve Dengler.
Founded in 2013 by Toronto-based entrepreneur and venture capitalist Christian Lassonde, Impression has already managed its first fund, which includes investments in online advisor Wealthsimple, Sensibill, a provider of receipt solutions to tier 1 banks, and HonkMobile, an on-demand parking payment solutions provider.