OpenText Enterprise Apps Fund

OpenText Enterprise Apps Fund (OTEAF ) is a Canadian corporate-venture-capital vehicle founded in 2015 and affiliated with OpenText Corporation (TSX: OTEX; NASDAQ: OTEX), the Waterloo, Ontario-headquartered global enterprise information-management (EIM) software company, structured as a strategic / corporate venture fund investing primarily in emerging Canadian technology companies building disruptive enterprise applications complementary to or synergistic with OpenText's core EIM / content-services / business-process / cybersecurity product lines. The fund targets early-stage Canadian enterprise-software and B2B-technology start-ups, typically writing strategic-investor-sized cheques in the USD 500,000 to USD 5 million range at seed and Series A stages, with the goal of supporting Canadian enterprise-software innovation while also providing OpenText with strategic optionality on emerging categories. OTEAF operates as part of the broader Canadian corporate-venture-capital and innovation-ecosystem landscape alongside Shopify, Telus Ventures, BMO, and other Canadian corporate investors.