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White Star Capital raises USD360m for third fund

White Star Capital, a multi-stage global technology investment platform, has secured USD360 million for its third flagship fund, above its original target of USD300 million, to invest in exceptional entrepreneurs building ambitious, global businesses. 

The firm has successfully raised in excess of USD500 million over the last 18 months, and now manages USD750 million of assets, including USD50 million from its recently announced Digital Asset Fund and more than USD90 million raised from co-investment vehicles. The firm also announced it will open an office in Singapore.

Following two funds of USD70 million and USD180 million, announced in 2015 and 2018 respectively, White Star Capital plans to deploy initial investments between USD5 million and USD15 million in 15 to 20 startups across North America, Europe and Asia seeking financing at Series A and beyond. The firm has already made several investments from Fund III, including (Germany), Percent (USA), Flash Coffee (Singapore), Novisto (Canada), (France) and Numan (UK), and seeks to invest in emerging technology companies in the AI, Digital Health, Fintech, Foodtech, Future of Work, Industrial Technologies, Mobility and Wellbeing sectors. 

The founders, Eric Martineau-Fortin and Jean-Francois Marcoux, met as two fellow ski instructors working at a ski resort in Canada. This initial connection developed into a friendship, a working relationship and a first investment by Eric into the video game developer Ludia, co-founded in 2007 and fully exited in 2013 by Jean-Francois, which was eventually to lead them to the founding with their team of global firm White Star Capital in 2014.

The two founded the firm on the belief that entrepreneurialism is borderless and that innovation will lead to a brighter, healthier and more inclusive future. Through local investment teams and a unique international platform, White Star Capital is well positioned to partner with exceptional founders to create new companies and business models that will lead the industries and markets of tomorrow. The firm is also committed to investing in emerging technology companies building transformative global businesses at every stage of their growth.

“Our philosophy has always been to partner with founders who have global ambitions and support them through our deep networks and regional expertise across nine locations in North America, Europe and Asia,” says Martineau-Fortis. “With the opening of an office in Singapore, the firm has cemented its position as the partner of choice for founders building truly global businesses. Our funds are top-decile performers and our growing global team looks forward to building upon our proven global platform model.”

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