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Alejandro Marin — CFO, Panache Ventures

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Featured Quote

"We went from asking LPs to juggle two separate portals to giving them one place for everything. That alone changes how professional we look to the institutional investors we're targeting for Fund 3.”

Alejandro Marin VP Finance, Panache Ventures

About Panache Ventures

Panache Ventures is a leading early-stage and pre-seed venture capital firm with a national presence across Canada, investing in founders from British Columbia to Quebec. With over 210 limited partners across three funds, Panache has established itself as one of Canada's most active early-stage investors.

The firm is led by { } alongside a team that includes CFO Alejandro Marin managing operations, Genevieve Tanguay driving fundraising strategy, and Alessia Priolo leading marketing and communications. This leadership team has guided Panache through rapid growth, with the firm doubling in size year-over-year.

Panache is currently raising Fund 3 with a minimum target of $75 million, aiming for a first close in Q4 2026. The firm is executing a strategic shift in its investor composition, moving from 75% private investors to a more balanced 60% institutional and 40% private investor mix—a transition that demands more sophisticated LP communication and onboarding infrastructure.

Opportunity

As Panache prepared to launch Fund 3, the complexity of managing multiple fund administrators became increasingly apparent. With Fund 1 on Pinnacle and Fund 2 on Apex, LPs invested in both vehicles faced the friction of logging into separate portals to access their information.

"Most platforms give you document storage and fund metrics. Vessel goes further by letting us share real portfolio-level insights — that's what sets it apart.”

Alejandro Marin VP Finance, Panache Ventures

Beyond the dual-portal challenge, Panache's small operations team was managing an expanding scope of responsibilities. With three different reporting decks, an AGM, and a full fundraising launch on the horizon, the need for operational efficiency was urgent.

The timing of Fund 3's announcement at the November 2025 AGM created the perfect moment to implement a modern LP platform. With institutional investors conducting extensive due diligence and private investors expecting professional communication, Panache needed a solution that could scale with their national ambitions.

Solution

Panache evaluated Vessel's platform with a focus on three key capabilities: data room management for fundraising, unified LP communication, and streamlined document signing. What resonated immediately was Vessel's ability to provide portfolio visibility beyond standard fund metrics.

"The real opportunity with Vessel is how much more visibility we can give LPs into our portfolio. That's a capability we didn't have with other platforms.”

Genevieve Tanguay Panache Ventures

The implementation began with structuring a sophisticated data room organized by investor type—with different permission levels for high-net-worth individuals, family offices, and institutional investors. Panache took a phased approach, creating a mini version for initial angel conversations and a comprehensive version for institutional due diligence.

For the LOI workflow, Vessel configured customizable templates that auto-populate investor names, commitment amounts, and entity information—eliminating manual paperwork and accelerating the path to signed commitments. The platform's viewer management capabilities allowed Panache to control exactly which documents each investor type could access.

The Vessel team's responsiveness throughout implementation enabled rapid progress despite Panache's aggressive timeline, with regular check-ins ensuring the platform was ready for the first data room release just weeks after the AGM announcement.

Mid-Story Quote

"What got us excited was going beyond just the standard fund reporting. Vessel lets us actually show LPs what's happening in the portfolio — flag co-investment opportunities, share updates — things our fund admins were never built to do.”

Genevieve Tanguay Panache Ventures

Results

Unified Data Room for Fund 3 Panache now has a single, professional data room for Fund 3 that serves both private and institutional investors. With permission-based access, each investor type sees exactly the information relevant to their due diligence needs—from fund overview to portfolio construction to detailed return models.

Streamlined LOI Workflow Digital LOI signing through Vessel eliminates the manual back-and-forth with legal counsel. Investors can review terms, enter their commitment details, and sign within the portal—saving time for both Panache and their prospective LPs.

Scalable LP Communication With 250+ contacts in their database, Panache can now send structured communications to their entire LP base through Vessel's native notifications or their HubSpot integration. Tracking capabilities provide visibility into engagement across their investor universe.

Professional Institutional Presentation As Panache targets a higher institutional allocation for Fund 3, Vessel provides the sophisticated platform that institutional LPs expect. The organized data room structure and professional presentation support Panache's ambitions to secure commitments from anchor investors across Canada.

Foundation for Multi-Fund Consolidation Looking ahead, Vessel's fund admin integration capabilities—currently in pilot with other Canadian GPs—offer Panache a path to eventually consolidate reporting across all three funds, addressing the dual-portal friction that prompted their search for a modern solution.

Enhanced Portfolio Visibility Beyond standard fund metrics, Vessel enables Panache to share deeper portfolio information with LPs—including the potential to flag investment opportunities for LPs interested in co-investment or follow-on rounds.

Impact

For Panache Ventures, implementing Vessel represents a critical infrastructure investment as they scale their national platform. With Fund 3 targeting a minimum of $75 million and an ambitious institutional shift, the firm needed systems that could match their growth trajectory.

"Within weeks we had a data room structured by investor type with LOIs that auto-populate — things that used to take us back-and-forth with legal. For a small ops team managing three funds, that kind of efficiency is a game-changer.”

Alejandro Marin VP Finance, Panache Ventures

The platform positions Panache to execute their staged fundraising strategy—from initial soft commits through their existing private investor network to institutional closes with anchor LPs like BMO, Telus, IQ, and Alberta Enterprise Corporation. Each investor segment can be managed with appropriate communication and access levels.

Looking ahead, Panache is positioned to extend Vessel usage beyond Fund 3. As fund admin integration capabilities mature, the firm envisions a unified portal where LPs across all three funds can access their information in one place—finally solving the dual-portal friction that initiated their search for a modern LP platform.

For a firm with national ambitions and a rapidly growing LP base, having infrastructure that scales with them ensures operational excellence doesn't become a bottleneck to their fundraising success.