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Recent Cases Oct 31, 2018

Good AI Capital: the First Silicon Valley-Based Venture Fund to Settle in Québec

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.

About BCF Business Law

With close to 500 employees, including 300 professionals, BCF Business Law is the go-to firm for business leaders, growing companies, and well-established global enterprises who have chosen Québec and Canada as a stepping stone for their growth and success. Setting us apart from the competition, our entrepreneurship has led us to earn Canada’s Best Managed Companies for the 14th year in a row.

BCF understands its clients’ commercial activities and is well-positioned to partner with organisations, from ambitious start-ups to well-established public and private companies, investment bankers, venture capital and private equity firms. Our team helps turn clients’ dreams into viable and innovative businesses by providing pragmatic and forward-thinking solutions. Striving for excellence, BCF has earned the trust of companies in all sectors of activity in Quebec, throughout Canada and elsewhere in the world.

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.