PenderFund Capital Management Ltd., a BC, Canada-based independent, diversified asset manager, has launched Pender Ventures.
Pender Ventures is a new group and brand, created to accelerate its private investments into technology companies across Canada. The firm is also announcing the appointment of a new partner and the final close of its latest fund, the Pender Technology Inflection Fund LP I.
Led by managing partner Maria Pacella, Pender Ventures will serve as the umbrella for all of Pender’s private technology investments with a combined AUM of approximately $100M.
In connection with the launch, Pender Ventures is announcing that Kristina Bergman is joining the team as a second female partner. Bergman, a B.C. native who is moving back to Canada from Seattle to take on the role, is a veteran executive, entrepreneur and investor with 20 years of technology, marketing, product and investing experience. As a key member of the Pender Ventures team, she will help source new deals and support the goal of creating value for existing portfolio companies.
Pender completed its final close of its Pender Technology Inflection Fund LP I. in October 2020. PTIF is a $25M Fund focused on helping companies scale past seed stage. Investors include Export Development Canada (EDC) and Vancity amongst others. The investment focus is on datacentric startups in health tech, enterprise software and industrial transformations.
To date, the fund has invested in five dynamic Canadian companies across a range of information and health technology.