BCF congratulates its client, Good AI Capital, first Silicon Valley-based venture fund to settle in QuébecOctober 31st, 2018
MONTRÉAL, October 31, 2018 - BCF law firm congratulates its client Good AI Capital, a venture fund focused on investments in ethically-responsible artificial intelligence, which is opening up a sister office in Montréal.
"It is fantastic news for our great businesses and among Québec investors in the AI industry! Having been chosen by Good AI Capital to assist them in establishing their new office in Québec and in their subsequent investments, is a testament to the international scope of BCF, to the expertise of our teams and to the impressive growth of the artificial intelligence movement in the Montréal ecosystem," stated Mireille Fontaine, Business Law partner, member of the Board of Directors and Co-Head of the Venture Capital Group at BCF.
The presence of premier research centers such as IVADO (Institute for Data Valorisation) and MILA (Montreal Institute for Learning Algorithms) and of world-class entrepreneurship programs convinced Good AI Capital to expand with a second location in Montréal. The new office will be headed by Milad Alucozai, a founding partner at Good AI Capital, who will relocate from San Francisco.
This is the first time that a Silicon Valley fund has established itself in Québec and the second time in Canada, following the launch of Salesforce Ventures in Toronto.
Established in 1995, BCF has become, in just over 20 years, the reference for all matters relating to business law in Québec. Deeply rooted in the business community as well as in the entrepreneurial ecosystem, BCF comprises more than 250 recognized professionals who leverage the firm’s extensive business network to advise their clients seeking to expand their activities in Canada or abroad, as well as Canadian and international firms seeking to grow their activities in Québec.
About Good AI Capital
Good AI Capital, with offices in Menlo Park, California, and Montréal, Canada, is a $40 million US venture fund focusing on early-stage AI companies. With a mission-driven thesis of doing well by doing good, it invests in technical founders who are keen on applying AI towards solving some of the acutest problems faced across industries.