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Venture Capital
panache.vc

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Investments

102

Portfolio Exits

4

Funds

2

Partners & Customers

1

About Panache Ventures

Panache Ventures is a seed-stage venture capital fund. Panache strategically co-invests with smart angel investors and seed stage funds. The firm was founded in 2017 and is based in Montreal, Quebec.

Panache Ventures Headquarter Location

3 Place Ville Marie Bureau 12350

Montreal, Quebec, H3B 0E7,

Canada

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Latest Panache Ventures News

Impro.AI secures $2.25M seed financing

Jun 21, 2022

Impro.AI secures $2.25M seed financing CPE News Brief (6.21.2022) – Impro.Ai has raised $2.25M seed funding from Panache Ventures, Good News Ventures, Epstein Enterprises Inc. (EEI) and private investors. Founded by Josh Blair, Opher Brayer and Maya Liberman, Impro.AI provides data-driven insights and tools that every executive needs to understand and optimize their company’s management behavior. Impro’s platform enables executives, leaders and all employees to manage with clarity through an integrated and data-driven coaching, mentoring and consulting solution. photo credit: Impro.Ai June 21, 2022 Performance-Tech start-up, Impro.AI (“Impro”), is pleased to announce the fully-subscribed closing of its seed financing round. Impro’s platform enables executives, leaders and all employees to manage with clarity through an integrated and data-driven coaching, mentoring and consulting solution. Leaders and employees adopt new work habits using Impro’s 5 minute per day, micro-coaching app while executives optimize their company’s overall performance leveraging the organization-wide insights provided by the Impro platform. The C$2.25M seed round was led by the combination of Panache Ventures, Good New Ventures and EEI. Impro will put the funds to work by amplifying their R&D work across platform, AI and methodology development as well as by further expanding their global footprint of corporate clients that already extends across North America and Europe. Impro is also pleased to benefit from the backing of some stellar angel investors who are also active advisors to the company’s founder team of Josh Blair, Opher Brayer and Maya Liberman. They include: Dr. Sheldon Elman, Chairman at Esplanade Ventures Stuart M. Elman, Managing Partner at Persistence Capital Partners Irfhan Rawji, Managing Partner at Relay Ventures Rich Osborn, Managing Partner at RecapHealth Ventures Blayke Hale, Managing Partner at BC Growth Equity Rasool Rayani, Venture Partner at Inovia Capital Jason Smith, CEO at Klue Ryan Benn, CEO at Alive Publishing Group François-Pierre Chevalier, past Co-President at Bio-K+ International Quotes: “The successful and full closing of our seed round, in a challenging fundraising environment, is a testament to the commercial traction that our Impro team has achieved to date as well as our compelling vision for the future.” – Josh Blair, Co-Founder & CEO, Impro “More than ever, executives need deep insights that they can action in regards to their organizational behaviors, strengths, weaknesses and misalignments. Our systemic approach across consulting, coaching, mentoring and training is perfectly positioned to help.” – Opher Brayer, Co-founder & Chief Scientific Officer, Impro “We will soon complement our in-market, data-driven consulting and coaching services with our mentoring platform that corporations can deploy in order to radically expand the reach of one-to-one business mentorship within their workforce.” – Maya Liberman, Co-founder & COO, Impro “We have been very impressed by the level of professional and personal growth that managers and employees experience through the Impro platform. They see rapid improvements via just a few minutes of daily interaction with Impro, and companies benefit from increased overall team engagement and performance.” – Patrick Lor, Managing artner, Panache Ventures “We are proud to be backing such a strong founder team at Impro, including Josh Blair with his proven track record at TELUS and Opher Brayer and Maya Liberman with their past start-up success.” – Mohan Markandaier, Managing Partner, Good News Ventures “In good times or in bad, the executives who action data-driven insights will win. Impro’s ability to enable these executives is what impresses us the most.” – Oded Levi, President, Epstein Enterprises Inc. (EEI) Related

Panache Ventures Investments

102 Investments

Panache Ventures has made 102 investments. Their latest investment was in ACTO as part of their Series B on July 7, 2022.

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Panache Ventures Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

7/7/2022

Series B

ACTO

$18M

No

4

6/21/2022

Seed VC

Impro.AI

$2M

Yes

1

6/1/2022

Seed VC - II

Big Whale Labs

$3.8M

Yes

1

5/24/2022

Seed VC

Subscribe to see more

$99M

Subscribe to see more

10

4/26/2022

Seed VC

Subscribe to see more

$99M

Subscribe to see more

10

Date

7/7/2022

6/21/2022

6/1/2022

5/24/2022

4/26/2022

Round

Series B

Seed VC

Seed VC - II

Seed VC

Seed VC

Company

ACTO

Impro.AI

Big Whale Labs

Subscribe to see more

Subscribe to see more

Amount

$18M

$2M

$3.8M

$99M

$99M

New?

No

Yes

Yes

Subscribe to see more

Subscribe to see more

Co-Investors

Sources

4

1

1

10

10

Panache Ventures Portfolio Exits

4 Portfolio Exits

Panache Ventures has 4 portfolio exits. Their latest portfolio exit was Masterpiece Studio on February 02, 2022.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

2/2/2022

Corporate Majority - II

$99M

1

10/19/2021

Acquired

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$99M

Subscribe to see more

10

8/25/2021

Corporate Majority

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$99M

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10

5/3/2021

Acquired

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$99M

Subscribe to see more

10

Date

2/2/2022

10/19/2021

8/25/2021

5/3/2021

Exit

Corporate Majority - II

Acquired

Corporate Majority

Acquired

Companies

Subscribe to see more

Subscribe to see more

Subscribe to see more

Valuation

$99M

$99M

$99M

$99M

Acquirer

Subscribe to see more

Subscribe to see more

Subscribe to see more

Sources

1

10

10

10

Panache Ventures Acquisitions

1 Acquisition

Panache Ventures acquired 1 company. Their latest acquisition was Commonwealth Ventures on September 13, 2021.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

9/13/2021

$99M

Acq - Fin

1

Date

9/13/2021

Investment Stage

Companies

Valuation

$99M

Total Funding

Note

Acq - Fin

Sources

1

Panache Ventures Fund History

2 Fund Histories

Panache Ventures has 2 funds, including Panache Ventures II.

Closing Date

Fund

Fund Type

Status

Amount

Sources

4/29/2022

Panache Ventures II

$39.12M

2

10/2/2019

Panache Ventures I

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$99M

10

Closing Date

4/29/2022

10/2/2019

Fund

Panache Ventures II

Panache Ventures I

Fund Type

Subscribe to see more

Status

Subscribe to see more

Amount

$39.12M

$99M

Sources

2

10

Panache Ventures Partners & Customers

1 Partners and customers

Panache Ventures has 1 strategic partners and customers. Panache Ventures recently partnered with Fundica, and BCF Ventures on March 3, 2019.

Date

Type

Business Partner

Country

News Snippet

Sources

3/7/2019

Partner

Canada

2019 Fundica Roadshow: Pitch for an Investment Award of up to $800,000

The Fundica Roadshow is proud to announce its continued partnership with Panache Ventures and BCF Ventures , who will invest a combined total of up to $ 800,000 in the most promising startups at the Fundica Roadshow finale on June 20th , 2019 .

1

Date

3/7/2019

Type

Partner

Business Partner

Country

Canada

News Snippet

2019 Fundica Roadshow: Pitch for an Investment Award of up to $800,000

The Fundica Roadshow is proud to announce its continued partnership with Panache Ventures and BCF Ventures , who will invest a combined total of up to $ 800,000 in the most promising startups at the Fundica Roadshow finale on June 20th , 2019 .

Sources

1

Panache Ventures Team

4 Team Members

Panache Ventures has 4 team members, including current Managing Partner, Mike Cegelski.

Name

Work History

Title

Status

Nicolas Jacques-Bouchard

500 Global, Alternative Capital Group, Chappuis Halder, and Caisse de depot et placement du Quebec

Founder

Current

Mike Cegelski

Managing Partner

Current

Patrick Lor

Managing Partner

Current

Ben Snyman

Investment Partner

Current

Name

Nicolas Jacques-Bouchard

Mike Cegelski

Patrick Lor

Ben Snyman

Work History

500 Global, Alternative Capital Group, Chappuis Halder, and Caisse de depot et placement du Quebec

Title

Founder

Managing Partner

Managing Partner

Investment Partner

Status

Current

Current

Current

Current

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