Saskatchewan’s Conexus Venture Capital (CVC) has closed its second fund, hitting its $30-million CAD target as the firm gears up to back more Saskatchewan technology startups.

“It’s a big win for Saskatchewan, it’s a big win for the Prairies, and it’s a big win for Canadian tech,” CVC managing director Jordan McFarlen told BetaKit in an interview.

The Regina-based, early-stage venture capital (VC) firm first launched this fund in May 2024 with a $15-million first close supplied by its founder and anchor, Conexus Credit Union .

“It’s a big win for Saskatchewan, it’s a big win for the Prairies, and it’s a big win for Canadian tech.”

CVC has now closed another $15 million for Fund II from a list of limited partners (LPs) that includes eight other undisclosed credit unions, institutions, h

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