Cape Breton entrepreneurs with innovative ideas and a vision for their business deserve more access to resources.

To support them pursuing their goals in business, 26 angel investors have joined forces contributing $1.3 million to Cape Breton Capital Group (CBCG), the first venture capital fund of its kind on Cape Breton Island.

CBCG will be making seven to eight investments, each focusing on early stage startups or assisting with business succession for more traditional businesses in the Cape Breton community. CBCG hopes the financial support of these businesses will have a positive economic impact on the Cape Breton economy.

“The Cape Breton Capital Group came to fruition after a group of like-minded entrepreneurs decided to come together to support local companies, ” says Todd Mercer, one of the CBCG General Partners. “We had been meeting informally over coffee to discuss business issues in our community. We came up with the concept to create an investment fund and mentorship network to foster local businesses that will be creating new jobs and driving the Island’s economy.”

With all investors having ties to Cape Breton, CBCG’s objective is to invest, support and mentor early stage startups and to ensure existing traditional Cape Breton businesses can maintain local ownership. Individual investors are encouraged to invest additional capital into Cape Breton businesses beyond the fund itself enhancing the overall economic impact of the fund. 

Holly Chisholm, Manager of Operations and Investment at CBCG, is leading the investment process. The group will hear pitches regularly.

Interested companies can apply for investment funds through the application form on the CBCG website: www.capebretoncapital.com

About

The Cape Breton Capital Group (CBCG) is a capital fund formed by a group of individual investors with ties to Cape Breton who have joined to invest in the island. The mission of the CBCG focuses on businesses located in Cape Breton. Investments will target both startups and the succession of established businesses. The full CBCG investment mission can be found on the CBCG website: www.capebretoncapital.com

For more information contact:

Holly Chisholm

Manager of Operations and Investment

Cape Breton Capital Group

902 565 9782 

[email protected]