(Photo by Lalita Clozel)
Here’s to some forward-looking tech news: In December, Paul Singh’s $50 million Crystal Tech Fund officially doubled in size.
“The original vision was to build a magnet for the best tech companies and the resources and investors who can help them grow,” said Singh, one of the most successful VCs in the country, in a release.
He founded the ambitious fund in April, and it’s already become one of the driving forces behind the emergence of Crystal City as a place of interest for tech-related enterprises.
The space will now be hosting Innovacorp, an early-stage venture firm from Halifax, Nova Scotia that’s backed by the Canadian government.
The firm will work to “identif[y] entrepreneurs and companies who can optimize exposure to the greater D.C.’s unique mix,” according to the release.
Halifax-based engineering company, QRA Corp, has been selected for funding.-30-
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