Kensington Capital Partners Limited

Kensington is the Manager of the BC Tech Fund, a $100 million venture capital fund launched by the Government of British Columbia in 2016. The BC Tech Fund has been established to invest in emerging technology companies in BC across multiple sectors, including Information and Communications Technology (ICT), Digital Media, Clean Tech and Life Science/Healthcare. The BC Tech Fund mandate includes investments in BC-based venture capital funds and BC companies. The BC Tech Fund is focused primarily on investments at the Series A stage. Generally, a company will be considered at the Series A stage when it has a completed product that is being sold to paying customers, generating annual revenues in the range of $1 million to $3 million, with capital required to accelerate rapid growth. The BC Tech Fund has been established with the goal of realizing the best financial returns within the established Fund parameters, with all investment decisions to be made on commercial market-based terms consistent with a well developed investment strategy. All investment decisions relating to the BC Tech Fund portfolio will be made by Kensington as the Fund’s Manager, based on Kensington’s opinion of the most compelling investment opportunities available from among eligible candidates.