VQ Capital, Advantage Capital Inc. and BFT Ltd. Create $50MM Seed Money Fund
VQ Capital Inc. partners with Advantage Capital Inc. and BFT Ltd. to form a $50 million fund, which will assist new growing and start-up business opportunities in a variety of sectors.
- (1888PressRelease) January 31, 2011 - VQ Capital Inc., in conjunction with Advantage Capital Inc. and BFT Ltd., has set up a $50 million fund to help seed new start-up and growth business opportunities in the renewable energy, agriculture, IT, media, and light manufacturing sectors. This capital program is designed to help companies bridge the gap to traditional finance over a 2-5 year timeline.
VQ Capital, a direct to source lender with working relationships with over 500 lenders in North America, will now begin management and rollout of its own portfolio. This joint venture has been six months in the making, but now VQ is pleased to begin the rollout of this new endeavour.
President of VQ Capital, C.J. LeMoine commented "The renewable energy sector in Canada has struggled in gaining the capital required for project development and construction. We are excited to implement this new fund in order to help finance more quality projects and bring them to fruition."
The first three approved projects through this new fund are: a reality-based television program out of Toronto, Ontario; a software development firm for the auto industry based in Vancouver, British Columbia; and a magazine publication out of Montreal, Quebec. All projects are within the range of $1-5 million in funding requirements.
About VQ Capital Inc.
VQ Capital serves its clients by structuring deals to support the level of funding required for start up costs, cash flow management, asset purchases, or equipment leasing. The company has been involved with 100+ start-up and growing businesses across North America, with a concentration on energy, IT, technology and manufacturing sectors.
For further information, please contact VQ Capital Inc., 553 Southdale Road East, Unit 102, London, ON, Canada, N6E 1A2, (519) 914-5335. Visit our website at www.vqcapital.ca.
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