OpenText Enterprise Apps Fund

OpenText Enterprise Apps Fund is a venture capital fund that invests in emerging Canadian technology companies developing enterprise applications. The fund focuses on companies leveraging cloud computing, big data, analytics, mobility, artificial intelligence, and machine learning to create innovative solutions. By providing financial backing and strategic guidance, the fund aims to support the growth and success of these companies in the competitive technology sector.

The fund's investment strategy targets various stages of company development, including seed, early stage, Series A, Series B, growth, and late stage. This approach allows the fund to engage with companies at different points in their growth trajectory, offering tailored support to meet their specific needs. The geographical focus is primarily on Canada, aligning with the fund's commitment to fostering innovation within the country.

OpenText Enterprise Apps Fund has a track record of investing in several notable Canadian technology companies. These include Upchain, which secured $38 million in funding on September 13, 2018; Rubikloud, which received $7.4 million on March 1, 2018; Assent Compliance, which obtained $37 million on January 4, 2018; and Sensibill, which raised $40 million on July 15, 2017. These investments reflect the fund's dedication to supporting high-potential ventures in the enterprise application space, contributing to the advancement of Canada's technology ecosystem.