Venture capital firm First Cheque closes second fund at $5 mn

Early-stage venture capital firm First Cheque has raised $5 million from global investors for its second fund. Before the fund was launched, First Cheque operated as an AngelList Syndicate and invested in more than 100 startups in the last three years. The firm is looking to back first-time founders and will invest $100,000 in each of its portfolio companies.