BEST Funds

Location

Toronto, Canada

Total investments

70

Average round size

1M

Portfolio companies

67

Rounds per year

2.59

Lead investments

2

Follow on index

0.04

Exits

38

Stages of investment
Early Stage Venture
Areas of investment
E-CommerceInternetSoftwareFinancial ServicesInformation TechnologyMobileFinanceSaaSEnterprise SoftwareManufacturing

Summary

In 1996 was created BEST Funds, which is appeared as VC. The main office of represented VC is situated in the Toronto. The company was established in North America in Canada.

Among the various public portfolio startups of the fund, we may underline Dejero Labs, ERMS Corporation, TeamBuy The fund has no specific favorite in a number of founders of portfolio startups. When startup sums 4 or 5+ of the founder, the probability for it to get the investment is little. Moreover, a startup needs to be at the age of 6-10 years to get 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. Among the most popular fund investment industries, there are Internet, Software.

The standard case for the fund is to invest in rounds with 1-2 partakers. Despite the BEST Funds, startups are often financed by TTV Capital, Second City Capital, RoyNat Capital. The meaningful sponsors for the fund in investment in the same round are RoyNat Capital, Covington Capital, BDC Venture Capital. In the next rounds fund is usually obtained by VenGrowth Asset Management, Newbury Ventures, BDC Venture Capital.

The current fund was established by John Richardson.

The fund is generally included in less than 2 deals every year. The usual things for fund are deals in the range of 5 - 10 millions dollars. This BEST Funds works on 28 percentage points more the average amount of lead investments comparing to the other organizations. The increased amount of exits for fund were in 2017. Considering the real fund results, this VC is 22 percentage points more often commits exit comparing to other organizations. The important activity for fund was in 2013.

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Investor highlights

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Investments analytics

Analytics

Total investments
70
Lead investments
2
Exits
38
Rounds per year
2.59
Follow on index
0.04
Investments by industry
  • Software (35)
  • Information Technology (16)
  • Internet (7)
  • Financial Services (7)
  • E-Commerce (6)
  • Show 94 more
Investments by region
  • Canada (65)
  • United States (5)
Peak activity year
1996

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Quantitative data

Avg. startup age at the time of investment
23
Avg. valuation at time of investment
3M
Group Appearance index
0.27
Avg. company exit year
15
Avg. multiplicator
1.03

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Latest deals

Company name Deal date Industry Deal stage Deal size Location
Zone·tv 16 Nov 2015 Broadcasting, Internet, Social Media, Video Seed 4M Ontario, Pickering, Canada
GroupBy 20 Jul 2015 E-Commerce, Software, Big Data, Search Engine Seed 3M Ontario, Old Toronto, Canada
Levy Electric 20 May 2019 Last Mile Transportation, Electric Vehicle Seed 150K United States, New York, New York

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Later, our team of analysts takes it further with manual verification, using proprietary tools for data cleaning and validation to ensure accuracy and reliability. We cross-check and enhance our findings through press and media monitoring, integrating information from trusted news outlets and venture capital aggregators. Finally, we stay ahead of the curve by monitoring social networks like LinkedIn and X.com.