Former Ludia co-founder Jean-François Marcoux’s global venture capital firm White Star Capital has closed a second fund of $180 million, according to Tech Crunch.

The firm’s core beliefs revolve around the power of data, the ubiquity of mobile and the value of networks.

White Star plans to invest the new fund in transatlantic companies to help them go global and are particularly interested in fintech, disruptive commerce and algorithms and sensors this time around.

White Star aims to back 20 new companies from the fund by writing opening cheques from $1 million to $6 million.

Among those companies to receive backing include Canadian financial technology company Borrowell, German insurance technology firm Clark and British digital health company Echo.

Additionally, the company also has plans to expand its presence to Paris and Tokyo. White Star Capital already has offices in London, New York and Montreal.

Funded up

Games developer Ludia was among the first batch of companies to receive an investment from White Star’s back in 2015 when the firm raised $70 million.

Tech Crunch also reported that the firm is keeping tabs on how technologies like Blockchain is developing. However, White Star co-founder Eric Martineau-Fortin told the site that he has yet to be persuaded that the use cases were there quite yet.

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