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Maple VC locks down $16.5 million for its second seed-stage fund by waving the Canadian flag

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Maple VC is based in San Francisco, but don’t let that fool you, says its founder, Andre Charoo. The young fund, which launched in 2016 with $1.2 million in capital commitments, just closed on $16.5 million in capital commitments for a second fund that promises to almost exclusively back savvy Canadian founders, no matter where they live today and no matter what they are building, as long as tech is at the core of their startup.
Says Charoo — a Toronto native who worked briefly at at the early photo-sharing app Color, spent a year helping Uber expand into Canada in 2011, then logged more than seven years as a VP with the hiring platform Hired as he got Maple VC off the ground — “I’m a generalist wh …

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