University of Waterloo hopes to raise $1.2m to $1.8m for an angel fund to make equity investments in the winners of its Velocity Fund Finals competition.
University of Waterloo’s entrepreneurship program, Velocity, is seeking investors for an angel fund sized between $1.2m and $1.8m to support winners of its Velocity Fund Finals competition, Betakit reported yesterday.
The fund will be powered by online portal AngelList’s fundraising software, Angel Funds, and is expected to be ready ahead of the next Velocity Fund Finals in March 2019.
Equity investment from the fund would complement four $25,000 prizes already awarded to finalists in the competition, potentially doubling the…
