White Star Capital LP closed its second funding round with $180 million in total investments, Reuters reported June 3, citing a company statement.
Investors in the second fund include Caisse de depot et placement du Quebec, Fonds de solidarite FTQ, Swen Capital Partners and Veolia.
The fund, which originally aimed to raise $140 million, plans to invest between $1 million and $6 million in around 20 new companies. Among the companies to receive backing are Canadian financial technology firm Borrowell Inc., German insurance technology company Clark and British digital health company Echo.
Founded by ex-technology deals banker Eric Martineau-Fortin, Ludia Inc. co-founder Jean-Francois Marcoux and former Facebook Inc. executive Christian Hernandez Gallardo, White Star Capital is an early stage venture capital fund focused on companies that use data.
White Star launched its first fund in 2015 with $70 million and has backed 26 companies since 2014.
