Boeing has invested $10 million in Canadian venture capital firm TechnoCap to enhance its access to innovative technologies and support its research and development initiatives.
Information on the Target
Boeing Company has recently made a significant investment in TechnoCap, Inc., a Canadian venture capital firm based in Montreal, with a total of $10 million USD. This investment signifies Boeing's strategic initiative to enhance its access to emerging technologies and products within the Canadian tech ecosystem. TechnoCap focuses on nurturing promising technology startups, enabling them to innovate and scale effectively within competitive markets.
Established in Montreal, TechnoCap has successfully managed over $250 million in capital, positioning itself as a key player in the Canadian venture capital landscape. The firm boasts an impressive portfolio of technology companies specializing in various sectors, including data storage solutions, networking hardware, and advanced information technology services.
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Industry Overview in Canada
The Canadian venture capital market has been witnessing robust growth, attracting significant investments from both domestic and international players. With the government’s supportive policies and a thriving innovation ecosystem, Canada
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Boeing Company
invested in
TechnoCap, Inc.
in 2020
in a Corporate VC deal
Disclosed details
Transaction Size: $10M