Conexus is pleased to announce a transition in the management of Emmertech Fund #1 to a newly formed entity created by the existing management team now called Emmertech Fund #1 Fund Management.
“This is a good news story that we are excited to tell as it means Emmertech has evolved in reach to a national level triggering this natural next step to optimally position Emmertech for a successful future,” says Celina Philpot, Chief Executive Officer, Conexus Credit Union.
As the Fund Manager, Emmertech Fund #1 Fund Management, is responsible for the day-to-day activities of Emmertech including the deployment of remaining investment capital, the management of fund operations, and the provision of support to portfolio companies.
“This change of Fund Manager will have no impact on Limited Partner commitments, investor experience, or portfolio company experience. The Limited Partners are in full support of this next step,” added Kyle Scott, Managing Partner, Emmertech Fund #1 Fund Management.
Conexus, as the parent company of Conexus Venture Capital Inc. remains very committed to enabling Emmertech to scale and grow to the benefit of all stakeholders. Conexus will continue as the General Partner of Emmertech Fund #1. And, Conexus Venture Capital Inc. as the former Fund Manager will continue to oversee the new Fund Manager for Emmertech Fund #1.
“Emmertech is well positioned to expand and continue investing in world-leading agtech companies that help further improve Canada’s competitiveness on a global scale.”, says Kyle. “This is an exciting day for all of us.”
The Emmertech Fund #1 has proven the breadth and reach possible in investing in agtech. “We are very excited to continue to watch them grow as a global leader in the agtech space!” says Celina. “Their success means providing the agtech system with proper access to capital needed to help feed the world.”
The transition of Fund Manager formally takes place today – February 6th, 2024
For more information on Emmertech, visit this link.
