Top Down Raises $25M on First Close of Tech VC Fund

Vancouver, CAN-based Top Down Ventures has captured $25M in initial commitments on the first close of its tech venture capital Founders Fund I, per a press release published October 21.

The fund will provide operational support and capital deployments, with up to $3M in seed or Series A investments, in high-potential SaaS managed service providers generating over $1M in annual recurring revenue.

To date, Top Down holds 12 portfolio tech companies according to its website, ranging from IT asset management platforms to smart kitchen tech, with half of them acquired by the venture firm.

View the press release here.

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