Canadian Armed Forces veteran, Shopify co-founder team up for $50 million military tech fund
betakit: 'Cowan is a retired squadron commander in Canada’s Joint Task Force 2 while Weinand is a co-founder of Shopify. Cowan is the founder and CEO of One9, under which the venture fund operates – Cowan created One9 as a way to invest in, support, and create defence technologies.
'Kensington Capital Partners is the anchor investor for the fund with a $10 million CAD commitment that came at the end of November. One9 is targeting $50 million for overall fund size. Rick Nathan, senior managing director at Kensington is joining the One9 Venture Partners advisory board.'