White Star Capital raises $180m to invest in tech

White Star Capital has raised a $180m investment fund.

The VC firm will seek to back around 20 new companies, seeking to provide an initial investment of up to $6m.

White Star Capital has so far invested in 26 businesses over the past four years. UK investments include Butternut Box and Echo, the digital healthcare startup.

White Star Capital was founded by Eric Martineau-Fortin, a technology M&A banker; Jean-Francois Marcoux, the former co-founder of mobile game publisher Ludia; and Christian Hernandez Gallardo, a former Facebook executive.

Notable backers include institutional investors such as Caisse de dépôt et placement du Québec, Fonds de solidarité FTQ, the Business Development Bank of Canada, Korea Venture Investment Corporation, Investissement Quebec and  ARKEA Group.

Martineau-Fortin, co-founder and managing partner, commented on the news: “We have purposely sought a diverse and global investor base for our second fund, many of whom are repeat investors from fund one, and we would like to thank them for their continued support.

“Our growing team has extensive operational experience and we are passionate about supporting ambitious entrepreneurs with truly global ambitions. Internationalisation represents a huge opportunity for many high-growth companies and our global reach means we can support companies looking to scale outside of their home market. We become active partners to all the entrepreneurs we work with and the new fund will enable us to help even more companies realise their potential.”

Based out of London, New York, Montreal, Paris and Tokyo, White Star Capital seeks to participate in rounds from Series A onwards .