Toronto, ON, November 20, 2014 – The GreenSky President’s Club (the “GPC”) has received a commitment from FedDev Ontario for $300,000 of contribution financing over the next three years. The GPC is based in Toronto and was founded in 2013 to provide seed round financing to companies in the information technology, Clean Tech and Med Tech verticals. The funding will be used to expand membership to over 70 members by the end of 2015.
“The GreenSky President’s Club is very pleased to receive funding support from FedDev Ontario over a multi-year period. We built the GPC to provide an innovative alternative to the standard Angel group model, providing serious early-stage investors with better quality deal flow and the increased probability of a successful exit through experienced, professional management. FedDev Ontario’s support will allow the GPC to both increase the number of active angels who participate in the group, as well as allow the GPC to connect with more high-quality early-stage companies.”
The GPC funding announcement was made on the occasion of the first-ever Global Business Angels Day. FedDev Ontario Minister of State Gary Goodyear described the program: “Through strategic investments in building the angel investor community, our Government is giving early-stage businesses the tools they need to create jobs, and bring growth and long-term prosperity to the region. FedDev Ontario has programming to support new entrepreneurs with great ideas who want to start a company; programs for existing businesses that want to expand, train their staff or enter a global supply chain; and initiatives for businesses looking to partner with post-secondary institutions, we are proud to be a key partner with angel investors in helping innovative businesses to grow.”
For the complete story please see: http://news.gc.ca/web/article-en.do?nid=906429
About the GreenSky President’s Club
GreenSky President’s Club is an exclusive not-for-profit angel investment group based in Toronto that provides a quantifiable and real commitment from a select group of members to participate, both financially, and potentially as mentors, in deals that are sourced, vetted and managed by GreenSky Capital Inc. GreenSky Capital is a boutique corporate finance advisory firm based in Toronto, delivering customized financial solutions to small and medium sized businesses. GreenSky principals bring together a unique combination of experience in operations, investment banking and private equity. As an operator’s investment bank, GreenSky has the ability to bring extensive capital markets experience into a real-world context. GreenSky is focused on business and relationship building as well as the ultimate transaction. For more contact Neil Peet: firstname.lastname@example.org.