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FedDev

Investor type Micro VC

Overview

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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.
Total investments 85
Average round size
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The average size of a deal this fund participated in
$2M
Portfolio companies 76
Rounds per year 6.54
Lead investments 5
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.11
Exits 12
Key employees 1
Stages of investment
Debt
Grant

Areas of investment

  • Software
  • Information Technology
  • SaaS
  • Health Care
  • Biotechnology
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

Accelerator Centre

Hardware
Information Technology
Software
$7M05 Jun 2022 Waterloo, Ontario, Canada

ventureLAB

Business Development
Non Profit
Social Entrepreneurship
$2M12 Apr 2022 Markham, Ontario, Canada

Martello Technologies

Information Services
Information Technology
Software
$2M14 Mar 2022 (Old) Ottawa, Ontario, Canada

Equispheres

Advanced Materials
Aerospace
Machinery Manufacturing
Manufacturing
$3M20 Jan 2022 (Old) Ottawa, Ontario, Canada

Kepler Communications

Satellite Communication
Telecommunications
$3M06 Apr 2021 Old Toronto, Ontario, Canada

Sensibill

Banking
Big Data
Financial Services
FinTech
Retail
$2M31 Mar 2021 Old Toronto, Ontario, Canada

Innovation Factory (Canada)

Information Services
Information Technology
Non Profit
$6M30 Mar 2021 Hamilton, Ontario, Canada

GreenMantra Technologies

Chemical
Manufacturing
Recycling
$795K22 Mar 2021 Brantford, Ontario, Canada

VentriPoint Diagnostics

Analytics
Biotechnology
Medical Device
$163K14 Dec 2020 Seattle, Washington, United States

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