Panache Ventures has closed its inaugural fund at $43.7m thanks to limited partners including Telus, helping the vehicle overshoot its target by almost 50%.

Canada-based venture capital firm Panache Ventures has achieved a C$58m ($43.7m) final close for its inaugural fund, which features limited partners including telecommunications firm Telus. Financial services firms National Bank of Canada and BMO Bank of Montreal have both backed the fund, as have Yukon First Nation Investment Corporation, which represents a consortium of Yukon…

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