Accelerate Fund III announces Yasmine Al-Hussein as new Investment Analyst
CALGARY, AB – January 14, 2021 – Yaletown Partners, the team co-managing Alberta’s $15M Accelerate Fund III and $10M Accelerate Fund II today announced Yasmine Al-Hussein as its new Investment Analyst for Alberta Enterprise’s early stage angel co-investment fund. There are 12 companies in the Fund II and Fund III portfolios today, and the fund co-managers, Yaletown Partners and The A100, will be actively investing in more Alberta startups in 2021.
“Yasmine stood out in a very tough crowd of strong applicants including some with investment financing and venture capital experience,” said Arden Tse, Accelerate Fund Investment Manager, Yaletown Partners. “What gave Yasmine the edge was her well-rounded background. She has direct experience with the Alberta startup community, has demonstrated she can connect with and build trust with entrepreneurs through to investors and government leaders, and she has solid analytical and project management expertise.”
Prior to joining Yaletown, Yasmine was a Deal Screening Analyst for Startup TNT, the tech startup community that brings together entrepreneurs, scientists, investors, innovators and startup supporters in Edmonton and Calgary to share stories and build great companies. Alongside her work with Accelerate Fund, Yasmine continues to participate in the Alberta Tech Forum, an event organizer and online forum platform for professionals in the local tech community and members of industry from mid-to-large sized companies in oil & gas, power generation, agriculture, forestry through to financial services. Yasmine recently completed her MBA from University of Alberta, following a degree in Business Economics and Law.
“In my past work screening early-stage startups and leading teams, I realized this is really where I want to focus my career,” explained Yasmine Al-Hussein, Accelerate Fund Investment Analyst, Yaletown Partners. “I am passionate about putting the data and human puzzle pieces together to get an accurate picture of a startups’ potential – both to help select wise investments and support the teams as they seek to grow.”
“We’re confident Yasmine will be a great addition to our team and enhance our frontline to the community,” added Brad Johns, Partner with Yaletown Partners. “We admire her professionalism, proactive approach and the relationships she has already built.”
The Accelerate Fund provides an alternate source of financing to Alberta technology companies that aren’t yet venture capital ready. The fund helps to foster the growth of Alberta’s technology sector and diversify the province’s economy. Alberta Enterprise Corporation is Accelerate Funds’ lead limited partner. Alberta Enterprise Corporation promotes the development of Alberta’s venture capital industry by investing in venture capital funds that finance early-stage technology companies. Startups headquartered in Alberta with customer traction and some revenue can apply for co-investment funding from the $15-million Accelerate Fund III.
About Accelerate Fund III
Accelerate Fund III is an early-stage angel co-investment fund in Alberta. We co-invest alongside angel investors in financing rounds and will typically invest $250,000 on the same terms and conditions as private investors. We work with formal angel groups, super-angels, family funds, and individual angel investors. Accelerate Fund III invests in private, early-stage Alberta companies in knowledge-based industries including: information and communications technology, energy technology, as well as life sciences, including agriculture and biotech. Accelerate Fund III is managed by Yaletown Partners with the support of The A100. Alberta Enterprise Corporation is Accelerate Fund III’s lead Limited Partner. www.acceleratefund.ca
Accelerate Fund II