Brightspark Ventures

Type

Venture Capital

Status

Active

Location

Montreal, Canada

Total investments

66

Average round size

10M

Portfolio companies

38

Rounds per year

2.75

Lead investments

14

Follow on index

0.42

Exits

10

Stages of investment
SeedEarly Stage VentureLate Stage Venture
Areas of investment
E-CommerceSoftwareMobileArtificial IntelligenceMachine LearningSaaSAppsMobile AppsEnterprise SoftwareTravel

Summary

Brightspark Ventures appeared to be the VC, which was created in 2000. The leading representative office of defined VC is situated in the Montru00e9al. The company was established in North America in Canada.

The fund has no exact preference in some founders of portfolio startups. When startup sums 5+ of the founder, the probability for it to get the investment is little. 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 successful fund investment fields, there are Enterprise Software, E-Commerce. Besides, a startup requires to be at the age of 2-3 years to receive the investment from the fund. Among the most popular portfolio startups of the fund, we may highlight Hubba, gShift, AOMS Technologies Inc..

The usual cause for the fund is to invest in rounds with 3-4 partakers. Despite the Brightspark Ventures, startups are often financed by Mantella Venture Partners, Flagship Pioneering, BDC Venture Capital. The meaningful sponsors for the fund in investment in the same round are Investissement Quebec, Flagship Pioneering, OMERS Ventures. In the next rounds fund is usually obtained by OMERS Ventures, Investissement Quebec, Groupe Roski.

Speaking about the real fund results, this VC is 0 percentage points less often commits exit comparing to other organizations. This Brightspark Ventures works on 6 percentage points less the average amount of lead investments comparing to the other organizations. The typical startup value when the investment from Brightspark Ventures is 500 millions - 1 billion dollars. The fund is generally included in less than 2 deals every year. Deals in the range of 10 - 50 millions dollars are the general things for fund. The top amount of exits for fund were in 2009. The top activity for fund was in 2017. Despite it in 2019 the fund had an activity.

This organization was formed by Mark Skapinker, Sophie Forest, Tony Davis. The overall number of key employees were 8.

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Investor highlights

Industry generalist
Yes
Industry focus
GeneralistB2B/EnterpriseConsumer/RetailHardwareFintech Show 1 more
Stage focus
Pre-SeedSeedSeries A
Geo focus
Canada
Check size
1M — 3M

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Investments analytics

Last fund

Fund size
CAD 60000000
Fund raised date
2023-05-03

Analytics

Total investments
66
Lead investments
14
Exits
10
Rounds per year
2.75
Follow on index
0.42
Investments by industry
  • Software (20)
  • SaaS (10)
  • Machine Learning (10)
  • Enterprise Software (10)
  • Mobile (9)
  • Show 92 more
Investments by region
  • Canada (62)
  • United States (4)
Peak activity year
2017
Number of Unicorns
1
Number of Decacorns
1

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Quantitative data

Avg. startup age at the time of investment
11
Avg. valuation at time of investment
143M
Group Appearance index
0.80
Avg. company exit year
6
Avg. multiplicator
1.29
Strategy success index
0.30

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Latest deals

Company name Deal date Industry Deal stage Deal size Location
Potential Motors 11 Feb 2022 Automotive, Software, Artificial Intelligence, Machine Learning, Electric Vehicle Seed 3M New Brunswick, Fredericton, Canada
Potential Motors 02 May 2024 Automotive, Software, Artificial Intelligence, Machine Learning, Electric Vehicle Seed 1M New Brunswick, Fredericton, Canada

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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.