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LOI Venture is looking to invest in early-stage Calgary startups
Founded by Hootsuite’s Ryan Holmes and angel investor Manny Padda, the firm shares its funding criteria.
Lisa Tanh
November 28, 2024
(L - R): Ryan Holmes and Manny Padda, an angel investor. Photo: LOI Venture.
League of Innovators (LOI) Venture — a firm founded by Hootsuite’s Ryan Holmes and angel investor Manny Padda — is looking to put money into more pre-seed and seed-stage startups before the year ends, through its $20 million Fund I.
“We want to get the best of the best in terms of companies,” Paddy told the Calgary Tech Journal, when asked about the firm’s recent callout for businesses to get in touch. “We have a lot of funds, angels, and just people we know in the market who are like, 'Hey, you should take a look at this company.' So we've been really big on doing that, but I think it was really to say that we want to see what's out there.”