Energy: Wind

VIMAC Ventures

Contact: Praveen Sahay
Work 177 Milk St Boston MA 02109 United States Work Phone: 617-350-9800 Website: http://www.vimac.com

Biography

VIMAC invests in startup technology companies in Canada and the Eastern US. To date, VIMAC investments have led to the creation of over 20 successful companies that continue to generate business innovations in IT, communications, and Internet technologies, accounting for over $2 billion in market value.

The fund seeks to make about five new investments each year. A new investment typically goes into a Series A or Series B round with adequate reserves to support subsequent funding until the company exits via a trade sale or an IPO. Over its lifetime, a company is likely to receive $5 million to $15 million from the fund.

Our main focus areas are software and services, wireless and networks, life sciences, new materials and media. We lead or co-lead most investments and our managers will often take a seat on each company’s board of directors. Often, we invest in a company’s first institutional round of funding and maintain support throughout the company’s lifecycle.

In cleantech we tend to invest in materials and industrial technology companies. Notable investments include Evergreen Solar (solar) and American Aerogel (advanced insulation).

Categories: $1M - $2M, $2M - $5M, $5M or more, Canada, Energy: Any, Equity, First Outside Round, Follow-on, Industrial Technologies, Internet / Media, Materials, Other, US: East Coast, Venture Capital Firm
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