Leaders Fund launched for SaaS companies

A $100-million Leaders Fund has been launched for investment in the next wave of software as a system (SaaS) companies in Canada and the US. Based in Toronto and Atlanta GA, the Leaders Fund is led by David Stein (Rypple), Steve DeBacco (Applied Predictive Technologies) and Gideon Hayden (OMERS Ventures) and features a flexible, evergreen structure whereby funding is injected into its portfolio companies incrementally. The approach is longterm, differing from traditional venture capital which seeks shorter exit strategies....