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Bank of Montreal (BMO)

Founders Horatio Gates John Richardson

Overview

Investments

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This summary is composed by our algorithm based on the analysis of the deals. If you think that some of this information is not accurate, please let us know about it and provide any supporting evidences if possible. Such cases will be analyzed by our ML-algorithm and implemented in our database, which will improve this summary.

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Total investments 75
Average round size
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The average size of a deal this fund participated in
$144M
Portfolio companies 65
Rounds per year 0.36
Lead investments 20
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.13
Exits 30
Key employees 6
Stages of investment
Debt

Areas of investment

  • Software
  • Information Technology
  • Financial Services
  • FinTech
  • Energy
Summary

Bank of Montreal (BMO) is the famous Corporate Investor, which was founded in 1817. The main department of described Corporate Investor is located in the Toronto. The company was established in North America in Canada.

We also calculated 6 valuable employees in our database.

The standard case for the fund is to invest in rounds with 4-5 partakers. Despite the Bank of Montreal (BMO), startups are often financed by Spark Capital, TechOperators, Scout Ventures. The meaningful sponsors for the fund in investment in the same round are Royal Bank of Canada, Business Development Bank of Canada, Wells Fargo Capital Finance. In the next rounds fund is usually obtained by Telecom Partners, Stolberg Equity Partners, Spire Capital.

The top amount of exits for fund were in 2014. The important activity for fund was in 2019. The common things for fund are deals in the range of more than 100 millions dollars. The fund is constantly included in less than 2 investment rounds annually. When the investment is from Bank of Montreal (BMO) the average startup value is 10-50 millions dollars. Considering the real fund results, this Corporate Investor is 4 percentage points more often commits exit comparing to other organizations. This Bank of Montreal (BMO) works on 14 percentage points more the average amount of lead investments comparing to the other organizations.

Among the most popular portfolio startups of the fund, we may highlight CDI, CDI, Sunens. We can highlight the next thriving fund investment areas, such as Business Development, Information Technology. For fund there is a match between the country of its foundation and the country of its the most frequent investments - Canada. The fund has specific favorite in a number of founders of portfolio startups. When startup sums 3 or 5+ of the founder, the probability for it to get the investment is little. Besides, a startup requires to be at the age of 11-15 years to receive the investment from the fund.

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Related Funds

Funds investing in previous rounds
These funds often invest in the rounds preceeding the rounds of Bank of Montreal (BMO):
Typical Co-investors
Bank of Montreal (BMO) is more likely to invest in rounds together with the following funds:
Funds investing in following rounds
These funds have a tendency to invest in the following rounds after Bank of Montreal (BMO):

Funds with similar focus

Funds from Canada
Funds with similar focus located in Canada:
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Funds with similar geography of portfolio companies:
Funds doing lead investments
Funds with similar focus acting as lead investors:

Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

Certn

Big Data
Information Services
Information Technology
Software
$30M20 Apr 2023 Victoria, British Columbia, Canada

R-Zero

Health Care
Medical
Public Safety
$105M26 May 2022 San Francisco, California, United States

Bench

Accounting
Finance
Financial Services
FinTech
$58M03 Jun 2021 Vancouver, British Columbia, Canada

PureStream Trading Technologies

Financial Services
Market Research
Software
Trading Platform
$14M24 Feb 2021 New York, New York, United States

Fortuna.ai

Artificial Intelligence
Business Development
Financial Services
FinTech
Information Technology
Sales Automation
Small and Medium Businesses
Software
$35K16 Nov 2017 Old Toronto, Ontario, Canada

FormHero

Information Technology
26 May 2017 Old Toronto, Ontario, Canada

Dwello

Banking
Payments
19 Oct 2016 Old Toronto, Ontario, Canada

Inflow

Cyber Security
Information Technology
Outsourcing
$156M22 Sep 2000 Denver, Colorado, United States
News
Trove Raises $77.5M in Series D Funding

– Trove is a Brisbane CA-based branded recommerce company.
– Company raised $77.5M in Series D funding.
– The round was led by G2 Venture Partners with participation from Bank of Montreal, Capital One Ventures, Commerce Ventures and Wellington Management.
– The new investment will be used to expand its roster of brand partners, strengthen its technology and logistics infrastructure, enter the luxury vertical, and service a new customer audience in Europe.

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Total investments 75
Average round size 144M
Rounds per year 0.36
Peak activity year 2022
Lead investments 20
Follow on index 0.13
Exits 30
Group Appearance index 0.67

Latest deals

CompanyIndustryRound SizeDateInvestorsLocation

Certn

Big Data
Information Services
Information Technology
Software
$30M20 Apr 2023 Victoria, British Columbia, Canada

R-Zero

Health Care
Medical
Public Safety
$105M26 May 2022 San Francisco, California, United States

Bench

Accounting
Finance
Financial Services
FinTech
$58M03 Jun 2021 Vancouver, British Columbia, Canada

PureStream Trading Technologies

Financial Services
Market Research
Software
Trading Platform
$14M24 Feb 2021 New York, New York, United States

Fortuna.ai

Artificial Intelligence
Business Development
Financial Services
FinTech
Information Technology
Sales Automation
Small and Medium Businesses
Software
$35K16 Nov 2017 Old Toronto, Ontario, Canada

FormHero

Information Technology
26 May 2017 Old Toronto, Ontario, Canada

Dwello

Banking
Payments
19 Oct 2016 Old Toronto, Ontario, Canada

Inflow

Cyber Security
Information Technology
Outsourcing
$156M22 Sep 2000 Denver, Colorado, United States
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