Close Many team members at Unicorn Nest are Ukrainians affected by Russian aggression. We do our best to solve any issues and answer your questions in the shortest possible time frames but some delays are possible.


Investor type Micro VC


Unlock datapoints

Portfolio analytics



News & Media

Add fund to favorites
Save this fund for later to form your own custom list of funds
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
The average size of a deal this fund participated in
Portfolio companies 76
Rounds per year 6.54
Lead investments 5
Follow on index
How often the fund supports its portfolio startups at next rounds
Exits 12
Key employees 1
Stages of investment

Areas of investment

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

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

Read more

Funds with similar focus

Funds from Canada
Funds with similar focus located in Canada:
Funds with the same geo focus
Funds with similar geography of portfolio companies:
Funds doing lead investments
Funds with similar focus acting as lead investors:

Look at other 50 related and similar funds Collapse list
Fund NameLocation
Chaotic Investments California, Los Angeles, United States
Curious Office Partners Seattle, United States, Washington
Davidson Capital Group Florida, Santa Rosa Beach, United States
Dynamk Capital New York, New York, United States
Femmes Business Angels France, Ile-de-France, Paris
Fushia Investments -
Hangzhou Trust China, Hangzhou, Zhejiang
Launch Africa Ebène, Mauritius, Plaines Wilhems
MESA New York, New York, United States
New Times Group China, Hong Kong, Kowloon
O2h Ventures -
Paramount BioCapital Asset Management New York, New York, United States
Ridge Capital Moscow, Moscow, Russia
Sandler Capital New York, New York, United States
Shenzhen Aoto Electronics China, Guangdong, Tianjin
Shine Capital New York, New York, United States
Tangel Publishing Changsha, China, Jiangsu
Weatherford International Baar, Switzerland, Zug

Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

Accelerator Centre

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


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

Martello Technologies

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


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

Kepler Communications

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


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

Innovation Factory (Canada)

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

GreenMantra Technologies

$795K22 Mar 2021 Brantford, Ontario, Canada

VentriPoint Diagnostics

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


  • No reviews are submitted yet.
Do you want more?
We provide dozens of additional datapoints about this fund.
Sign up and get access to full fund profile and advanced analysis.
Full team
Industries heatmap
Stages heatmap
Georgaphy breakdown
Portfolio analysis
Performance indexes
Latest highlights
Unlock all data
Do you represent FedDev?
Get access to manage this page
Get in touch
Found incorrect info? Let us know!

You can raise money with us faster

Get matched with relevant funds

Find decision makers data

Connect with investors by email

Remind me later
...and save more than 200 hours*
*-Our recommendation and outreach system saves up to 200 hours of founder time on fundraising for seed and series A+ startups
We use LinkedIn only to verify your account. We don't import or message your contacts, nor post on your behalf.
By creating an account, you agree to our Terms of Service and Privacy Policy.
Crunchbase icon

Content report

The following text will be sent to our editors: