Toronto-based Leaders Fund, a venture capital firm, this week announced the launch of venture capital fund of $100 million targeted at promising enterprise SaaS companies in specific markets and across Canada and the US.
Leaders Fund is led by David Stein, Steve DeBacco and Gideon Hayden. They have over 25 years of experience growing, leading and engineering successful public and private exits of enterprise SaaS businesses, including Rypple (acquired by Salesforce.com), Workbrain (acquired by Infor), Empathica (acquired by Mindshare Technologies) and Applied Predictive Technologies (acquired by Mastercard).
According to the firm, the fund’s focus is to identify and invest in visionary entrepreneurs who are solving critical problems facing the enterprise. By offering their time, expertise and capital, Leaders Fund said it operates as a partner to these companies as they achieve amazing results for all stakeholders: employees, customers and shareholders.
David Stein, Co-Founder and Managing Partner, Leaders Fund
I’ve been where many of today’s enterprise SaaS leaders want to go. We’re excited to help these entrepreneurs grow faster and more efficiently, to positively impact their trajectory, by providing them with the capital, insights and connections they need at key inflection points.
Steve DeBacco, Co-Founder and Managing Partner, Leaders Fund
After years of successfully growing, operating and exiting enterprise SaaS companies, we decided to create a fund that enables us to sit, uniquely, on both sides of the entrepreneur and investor table.
