Hatchbrands Ventures, a small Ottawa-based venture capital fund, has been acquired by Atlanta-based iBrands Corp.
iBrands says it will use the fund to invest in startups that are coming out of university and college-based accelerators and incubators.
"We believe a public vehicle such as Hatchbrands will change the way investments are made in accelerator-backed startups, and will give an alternative way for individuals and investors that today are not able to participate in accelerator-backed startups due to the accredited investor status, an alternative way to invest,” said Marco Janeczek, Hatchbrand’s venture partner, in a press release.
Hatchbrand’s website lists six companies in its investment portfolio.
According to publicly available data, which may not be complete, all of Hatchbrand’s investments have been at the seed stage and valued been between $10,000 and $40,000.
Two of the companies Hatchbrand invested in – Yostro and Zoidu – have been acquired by larger firms.