Top Down closes VC fund aimed at “invisible infrastructure” of the global economy

Top Down Ventures has now closed what might be the first institutional venture capital (VC) fund dedicated to early-stage managed service provider (MSP) software and AI startups. To date, Top Down has backed 12 companies through Founders Fund I. The Vancouver VC firm announced the final close of Founders Fund I at $28 million USD ($38 million CAD) today, surpassing its original $25-million USD target.