CMD Capital, an early-stage venture capital firm based in Toronto and Montréal, has suspended its fundraising efforts and paused operations indefinitely due to an inability to secure anchor institutional investors for its first fund. Co-founders David Dufresne and Matt Roberts cited a challenging market and low appetite from institutional backers as key factors. Despite some soft commitments, the firm concluded that the timing was not suitable for launching a first-time fund. They are exploring other roles in the tech and VC sectors while keeping the door open for a potential future revival of CMD Capital.
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