Calgary-based Corbett joined a month after Isaac Suwain left the foundation.
Vancouver venture capital firm Pender Ventures hired Cherie Corbett from BDC Capital a month after partner Isaac SOUweine left.
Corbett joins Pender after more than ten years at BDC Capital, the venture capital arm of the Business Development Bank of Canada. Corbett most recently spent three years as a partner and team leader at Climate Technology Fundwhich invests late-stage and growth-stage seed capital in companies developing technologies for the green energy transition. Previously, she led investments in its previous $600 million cleantech fund, which is now fully deployed, and was director of growth and transition capital.
“What stands out most about Sheri is her combination of strategic acumen and collaborative leadership.”
During Corbett's tenure, climate fund BDC Capital invested in companies such as Cyclic materials And deep sky. She was recognized by the Canadian Venture Capital Association (CVCA) in 2024 for its investment in liquid cooling technology company CoolIT Systems.
“What stands out most about Sheri is her combination of strategic acumen and collaborative leadership,” Pender said in an interview. Post on LinkedIn announcing a job. “She is deeply committed to supporting entrepreneurs, building high-performing teams and achieving results through smart investing—values that deeply resonate with our mission at Pender Ventures.”
The news comes nearly a month after Montreal partner Isaac Souven left the firm. Suwain, who worked with the director Merieme Lamami in Montreal, told BetaKit that his departure was a “mutual decision” and that he left to explore other opportunities in the Canadian tech startup and investment community.
Corbett, who is based in Calgary, will join Montreal-based Lamami and Vancouver-based managing partner Maria Pacella. The firm hired an employee from Calgary. Jacob Granger earlier this year after receiving $5 million from Alberta Enterprise Corporation for its latest fund. Pacella has previously said that Pender's geographic strategy remains unchanged following Souvain's departure and that Montreal and Quebec remain a “priority” for the venture capital firm.
CONNECTED: Tender Ventures partners Isaac Aszoned leaves venture capital firm
Pender Ventures, launched in 2019, is the venture capital arm of Vancouver-based investment firm PenderFund Capital Management. Pender Ventures invests in B2B software and health technology startups, typically at or near the Series A stage.
Some of its prominent portfolio companies include Vancouver-based Jane's appwhich offers a platform for health and wellness professionals as well as Copper sheetwhich sells analytics software. Firm won venture deal of the year At the Canadian Venture Capital Association's awards ceremony earlier this year, Copperleaf's $1 billion private deal saw Pender achieve a 42.9x multiple on invested capital (MOIC) as well as a 30.9 per cent internal rate of return (IRR) on his 2010 Series B investment, according to the CVCA.
The company invests from its own Second $100 million fundwhich closed last November. At this point, Pacella reported that Pender's net IRR through his first, a fund of 25 million dollars ranged from 20 to 30 percent.
Image provided CVCA.
