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FedDev

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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 158
Average round size
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The average size of a deal this fund participated in
$1M
Portfolio companies 136
Rounds per year 10.53
Lead investments 36
Follow on index
info
How often the fund supports its portfolio startups at next rounds
0.14
Exits 14
Key employees 1
Stages of investment
Debt
Grant

Areas of investment

  • Software
  • Information Technology
  • Health Care
  • SaaS
  • Manufacturing
Summary

FedDev appeared to be the Corporate Investor, which was created in 2009. The fund was located in North America if to be more exact in Canada. The main office of represented Corporate Investor is situated in the Waterloo.

The average startup value when the investment from FedDev is 1-5 millions dollars. The usual things for fund are deals in the range of 1 - 5 millions dollars. Considering the real fund results, this Corporate Investor is 40 percentage points more often commits exit comparing to other organizations. The increased amount of exits for fund were in 2017. The fund is generally included in 2-6 deals every year. The high activity for fund was in 2019. Comparing to the other companies, this FedDev performs on 19 percentage points less the average number of lead investments.

The typical case for the fund is to invest in rounds with 1-2 participants. Despite the FedDev, startups are often financed by MaRS Investment Accelerator Fund, Velocity, Vanedge Capital. The meaningful sponsors for the fund in investment in the same round are Golden Triangle Angel Network, Niagara Angel Network, MaRS Investment Accelerator Fund. In the next rounds fund is usually obtained by Natural Sciences and Engineering Research Council of Canada (NSERC), MaRS Investment Accelerator Fund, BuildGroup.

Besides, a startup requires to be at the age of 4-5 years to receive the investment from the fund. 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 no exact preference in a number of founders of portfolio startups. In case when startup counts 5+ of the founder, the chance for it to get the investment is meager. Among the most popular fund investment industries, there are Hardware, Mobile. Among the various public portfolio startups of the fund, we may underline Fiix Software, AlayaCare, ExpertFile

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Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

Leynek Medical

Home Health Care
Medical Device
$25K01 Jun 2024 Ottawa, Ontario, Canada

Leynek Medical

Home Health Care
Medical Device
$19K11 Jul 2023 Ottawa, Ontario, Canada

1Mentor Inc.

EdTech
Education
Higher Education
Universities
$30K02 May 2023 Kitchener, Ontario, Canada

BluWave-ai

Artificial Intelligence
Electrical Distribution
Energy
Fleet Management
Machine Learning
Mining
Renewable Energy
SaaS
Solar
Wind Energy
$7M14 Feb 2023 (Old) Ottawa, Ontario, Canada

SWTCH

Automotive
Clean Energy
CleanTech
Electric Vehicle
Energy Management
Software
$874K26 Aug 2020 Old Toronto, Ontario, Canada

ToeFX

Health Care
$40K10 Jun 2019 Hamilton, Ontario, Canada

OcuBlink

Health Care
Medical
Personal Health
$31K01 Aug 2018 Waterloo, Ontario, Canada

Glacierclean Technologies

Innovation Management
Public Safety
Social
Test and Measurement
Water
$40K27 Oct 2017 Old Toronto, Ontario, Canada

ChangeIt

Charity
Financial Services
$2M29 Feb 2016 Waterloo, Ontario, Canada

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Total investments 158
Average round size 1M
Rounds per year 10.53
Peak activity year 2023
Lead investments 36
Follow on index 0.14
Exits 14
Group Appearance index 0.14

Latest deals

CompanyIndustryRound SizeDateInvestorsLocation

Leynek Medical

Home Health Care
Medical Device
$25K01 Jun 2024 Ottawa, Ontario, Canada

Leynek Medical

Home Health Care
Medical Device
$19K11 Jul 2023 Ottawa, Ontario, Canada

1Mentor Inc.

EdTech
Education
Higher Education
Universities
$30K02 May 2023 Kitchener, Ontario, Canada

BluWave-ai

Artificial Intelligence
Electrical Distribution
Energy
Fleet Management
Machine Learning
Mining
Renewable Energy
SaaS
Solar
Wind Energy
$7M14 Feb 2023 (Old) Ottawa, Ontario, Canada

SWTCH

Automotive
Clean Energy
CleanTech
Electric Vehicle
Energy Management
Software
$874K26 Aug 2020 Old Toronto, Ontario, Canada

ToeFX

Health Care
$40K10 Jun 2019 Hamilton, Ontario, Canada

OcuBlink

Health Care
Medical
Personal Health
$31K01 Aug 2018 Waterloo, Ontario, Canada

Glacierclean Technologies

Innovation Management
Public Safety
Social
Test and Measurement
Water
$40K27 Oct 2017 Old Toronto, Ontario, Canada

ChangeIt

Charity
Financial Services
$2M29 Feb 2016 Waterloo, Ontario, Canada
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