Canadian Business Growth Fund

Total investments

43

Average round size

17M

Portfolio companies

29

Rounds per year

7.17

Lead investments

10

Follow on index

0.33

Exits

2

Stages of investment
Late Stage Venture
Areas of investment
SoftwareFinancial ServicesInformation TechnologyHealth CareMarketing AutomationEducationComputerConsultingOpen SourceCRM

Summary

Canadian Business Growth Fund appeared to be the VC, which was created in 2018. The venture was found in North America in Canada. The main office of represented VC is situated in the Toronto.

Moreover, a startup needs to be at the age of 6-10 years to get the investment from the fund. The fund has no exact preference in some founders of portfolio startups. In case when startup counts 3 or 4 of the founder, the chance for it to get the investment is meager. Among the various public portfolio startups of the fund, we may underline Appnovation, Mobile Klinik, Vendasta Technologies We can highlight the next thriving fund investment areas, such as Content, Consumer Goods. For fund there is a match between the location of its establishment and the land of its numerous investments - Canada.

When the investment is from Canadian Business Growth Fund the average startup value is 100-500 millions dollars. Deals in the range of 10 - 50 millions dollars are the general things for fund. The high activity for fund was in 2019. The real fund results show that this VC is 80 percentage points more often commits exit comparing to other companies. The fund is constantly included in 2-6 investment rounds annually.

The usual cause for the fund is to invest in rounds with 2-3 partakers. Despite the Canadian Business Growth Fund, startups are often financed by Vanedge Capital, BDC Venture Capital, Western Innovation (WINN) Initiative. The meaningful sponsors for the fund in investment in the same round are Vanedge Capital, SaskWorks Venture Fund, Comporium.

The current fund was established by George Rossolatos.

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Investments analytics

Analytics

Total investments
43
Lead investments
10
Exits
2
Rounds per year
7.17
Follow on index
0.33
Investments by industry
  • Software (19)
  • Information Technology (9)
  • CRM (5)
  • Health Care (4)
  • Financial Services (4)
  • Show 63 more
Investments by region
  • Canada (38)
  • Argentina (4)
Peak activity year
2020

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Quantitative data

Avg. startup age at the time of investment
11
Avg. valuation at time of investment
14M
Group Appearance index
0.58
Avg. company exit year
8
Avg. multiplicator
3.09

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Latest deals

Company name Deal date Industry Deal stage Deal size Location
Appnovation 28 Sep 2020 Software, Information Technology, Mobile, Big Data, Business Intelligence, Content, Consulting, Open Source, Web Development Early Stage Venture 9M British Columbia, Vancouver, Canada
Prodigy Education 01 May 2019 Gaming, Education, Children Early Stage Venture Ontario, Oakville, Canada

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