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Sidewalk Labs co-founds venture capital fund to invest in urban tech

Written by CRETech | Dec 10, 2019 12:00:33 PM

Alphabet-owned Google sibling Sidewalk Labs is partnering with Plaza Ventures to set up a new venture capital fund. Quayside Venture Partners (QVP) will invest in Canadian start-ups focused on issues such as sustainability, mobility and housing affordability. The fund will include a $10 million commitment from Sidewalk Labs, tied to its proposed Quayside development in Toronto. It is expected that Canadian investors will make up at least 50 per cent of the fund.