While on mission in London, Premier Pauline Marois announced the opening of an office by White Star Capital in Montréal and the Québec government’s intention to invest $10 million U.S. in the fund.
The Premier with Jean-François Marcoux, Partner, White Star Capital; Christian Hernandez, Managing Partner, White Star Capital; Éric Martineau-Fortin, Managing Partner, White Star Capital; Stéphane Paquet, Québec Agent-General in London and Mario Albert, CEO, Investissement Québec.
With additional offices in London and New York, White Star Capital invests seed and start-up capital in companies in the information and communications technology (ICT) industry.
“As evidenced by its importance in the 2013-2017 Industrial Policy, Québec’s ICT industry is a true economic driver for Québec. It contributes to promoting our expertise and capacity to innovate around the world. The White Star Capital fund provides a unique opportunity to foster the start-up of forward-looking, dynamic companies in this rapidly expanding industry,” said Pauline Marois.
White Star’s operations in Montréal will foster the channelling of foreign capital to Québec-based ICT companies and help attract world-class companies to Québec.
White Star Capital’s investments in Québec include Ludia, a leader in the mobile video game sector, Execution Labs, a development and incubation platform for video game start-up companies, and Busbud, which enables consumers to consult information and book online bus travel in nearly 70 countries.
Founded in 2007, White Star Capital is a venture capital fund specialized in the social media, e-commerce, video games and mobile applications sectors.
Québec’s 2013-2017 Industrial Policy
White Star Capital