David Dufresne to depart Panache Ventures
David Dufresne has decided to step away from Montréal-based Panache Ventures, the early-stage venture firm he helped launch.
Dufresne shared the news Tuesday with Panache’s portfolio companies, limited partners and co-investors. The founding partner noted that he has been transitioning over the last few weeks to a part-time venture partner role with Panache.
“Those of you aware of Panache’s origin story will understand how hard it is for me to move on from the firm I helped conceive and launch.”
“With Panache Ventures we are in the last year of the investment period for the first fund,” said Dufresne. “As we started discussing a second fund, my partners and I have found ourselves diverging on the topics of strategy, investment decision process, fund operations, and team management for Fund II. So we have decided to pursue alternative directions.”