Avatar Innovations (“Avatar”), Canada’s first Energy Transition Corporate Venture Studio is pleased to announce the first close of its inaugural fund, Avatar Leadership Fund 1 (the “Fund“). Anchored by a $750,000 lead investment from Cenovus Energy Inc. and catalyzed by several prominent family offices and high net-worth individuals from Calgary and Toronto, the fund represents a nation building investment solving for the lack of risk capital available for early-stage energy technologies and supercharging the country’s leadership in the decarbonization of energy and industry.
Avatar Ventures Announces First Close of $2.5MM for it’s Inaugural Leadership Fund I