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Waterloo-based angel investor network Archangel has announced its first close of $10 million CAD.
The Archangel Network of Funds consists of a group of funds founded by a collection of Canadian “superangels” and venture capitalists from the Toronto-Waterloo corridor. Archangel currently serves as the shared back office for three angel funds: Adrenaline, Axion and StarForge each of which has a different thesis and set of general and limited partners. Collectively, these three funds have raised $10 million.
Archangel was initially launched last April in response to COVID-19.
Archangel aims to invest in early-stage high-growth Canadian tech startups “across a wide range of sectors,” with a particular focus on artificial intelligence (AI), smart manufacturing, cleantech, and health sciences.
Dundurn Press unveils new logo, imprint, and mandate
Dundurn Press is lowering the drawbridge. The 49-year-old Toronto independent press is rebranding with a new logo, new literary imprint, new mandate, and new focus on community engagement.
The old logo was inspired by Hamilton’s neoclassical mansion Dundurn Castle; the new logo takes a detail from the original, an arched window, and reimagines it in an electric magenta. The logo is intended to symbolize the company’s new openness.
“I’m excited that we’re becoming a contemporary, forward-facing business,” publisher Scott Fraser says. “With a new street-level retail storefront opening later in 2021, we’re opening ourselves up to the community and publishing innovative books in a welcoming environment, instead of behind the walls of Dundurn as a castle.” The store, located at 1382 Queen St. E., will sell Dundurn titles. The space doubles as the press’s new office, with workstations in back for employees who don�