The Calgary Chamber of Commerce has invested $1 million into InterGen’s ScaleUp fund, a private Calgary VC fund that deploys capital into post-seed and pre-Series A companies based in Alberta. The fund’s investment capital is syndicated alongside angels, other funds and corporate investors. This contribution brings the fund’s total amount raised to $7 million, which includes a previous $4 million raised from undisclosed prominent “families” and a sidecar investment of $2 million raised from corporate partners. InterGen writes $1 million cheques in rounds totalling about $3 million to $5 million.
The firm’s more unique offering is its talent development program and matching platform that pairs startups with senior executives that can help the businesses scale. The executives are meant to provide more than simple mentorship and the pairings are intended to do “in-the-weeds” work for companies on a casual, fixed-term, or ongoing basis.
The pairings are made through a technology platform, through which companies can register their skills, interests, and needs. The platform’s algorithm then matches companies with senior executive talent, and InterGen ecosystem members get access to a variety of education programming, roundtables, and learning opportunities.
“This is about the Chamber walking the talk and being part of the growth story of our city,” says Sandip Lalli, President & CEO of the Calgary Chamber.
“We are thrilled that the Calgary Chamber is participating in our fund,” said Sandi Gilbert, managing director of InterGen. “InterGen was founded with a belief that the talent and expertise responsible for making Calgary the economic envy of the entire continent for the last twenty years can be leveraged to build the companies that will define the next twenty years and beyond.”
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