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White Star Capital completes first close of new $50m North American Seed Fund
The fund will support early-stage founders building globally scalable solutions across the US and Canada . At a time when the world is being revolutionised by AI and new technologies, White Star Capital is stepping forward with fresh capital, operational support, and a long-term commitment to founders with a bold vision from day one.
Other Limited Partners joining the first close include Capital régional et coopératif Desjardins (CRCD), Fonds québécois d'amorçage Teralys financed by La Caisse, and TD Innovation Partners (TDIP), a division of The Toronto-Dominion Bank.
The North American Seed Fund expands on White Star Capital's decade-long track record of early-stage investing, having already backed more than 100 companies worldwide and generated top-quartile returns across multiple vintages. The new initiative will be co-managed by Sanjay Zimmermann , a long-time investor at the firm, based in Toronto , and Catherine Ouellet-Dupuis , based in Montreal , a veteran operator with experience as Chief Strategy and Corporate Development at Workleap, an IT and HR tech company that scaled to $100m+ in ARR.
White Star Capital's seed-stage strategy combines local conviction with global connectivity. Founders in the portfolio gain access to a network of experienced venture partners, advisors, and go-to-market experts across the firm's hubs in New York , Toronto , Montreal , Austin , Miami , London , Paris , Zurich , the UAE, and Singapore . The fund will write lead investments of $0.5m to $2m , with follow-on capital reserved to support breakout companies through Series A and beyond.
As part of the final close, White Star Capital plans to announce a new General Partner for its new North America Seed Fund based in New York . With the first close now completed, White Star Capital is actively seeking founders across North America building recurring revenue businesses aligned with its macro themes, and encourages bold, ambitious teams to get in touch.
White Star Capital is a global technology investment firm partnering with exceptional entrepreneurs building international businesses at scale. Operating across North America , Europe , and Asia , the firm combines deep local relationships with a global platform to help portfolio companies expand internationally and become category leaders.
The firm currently has three active funds in operation: an Early Growth Fund that invests globally in Series A/B companies, a Digital Asset Fund focused on crypto and blockchain-enabled startups, and now a North American Seed Fund.
The Fonds de solidarité FTQ is a source of pride in Québec, fulfilling its mission through a unique business model created more than 40 years ago. Since then, the Fonds has rallied Québec into action thanks to the retirement savings of over 808,000 shareholders.
With net assets of $21.9 billion as of May 31, 2025 , the Fonds supports directly and indirectly thousands of companies through venture and development capital investments based on the belief that the impact of its investments is created as much by financial as societal returns. For more information, visit fondsftq.com or our company page on LinkedIn .
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