peter misek Part­ner at the Busi­ness De­vel­op­ment Bank of Canada’s IT Ven­ture Fund

Toronto Life - - Tech Boom -

As an ad­vi­sor at DN Cap­i­tal, Misek was in­volved in the firm’s de­ci­sion to in­vest in the song recog­ni­tion app Shazam, which in 2015 was val­ued at more than $1 bil­lion. That year, he joined BDC Ven­ture Cap­i­tal, where he runs the Toronto of­fice.

money un­der mAn­Age­ment:

BDC’s ven­ture fund con­trols $300 mil­lion of the Crown cor­po­ra­tion’s funds.

no­tAble in­vest­ments:

The IT Ven­ture Fund has own­er­ship stakes in Hop­per, a Mon­treal-based smart­phone app that helps users find dis­counted air­fare, and Wave Ac­count­ing, a fi­nan­cial tech­nol­ogy plat­form for small busi­nesses.

the one thAt got AwAy:

Be­fore join­ing BDC, he passed on in­vest­ing in Twitch, the video game stream­ing ser­vice, when it was val­ued at $100 mil­lion. In 2014, Ama­zon bought it for al­most $1 bil­lion.

friends in high plAces:

Richard Han­dler, CEO of Jef­feries LLC; Steve Doswell, CEO of Sound­pays, an app that uses sound to trans­mit mo­bile data, and one-time COO of AOL Canada.

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