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NEXT Canada

Founders Ajay Agrawal Claudia Hepburn Reza Satchu Tim Hodgson

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Investments

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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.

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Total investments 352
Average round size
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The average size of a deal this fund participated in
$52K
Portfolio companies 325
Rounds per year 25.14
Lead investments 4
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.08
Exits 12
Key employees Soon
Stages of investment
Seed

Areas of investment

  • Software
  • Artificial Intelligence
  • Machine Learning
  • Health Care
  • Information Technology
Summary

NEXT Canada is the famous VC, which was founded in 2010. The main office of represented VC is situated in the Toronto. The company was established in North America in Canada.

The current fund was established by Ajay Agrawal, Claudia Hepburn, Reza Satchu, Tim Hodgson.

We can highlight the next thriving fund investment areas, such as Mobile, Health Care. Among the most popular portfolio startups of the fund, we may highlight Revlo, Kira Talent, Bridgit. Moreover, a startup needs to be at the age of 1 and less years to get the investment from the fund. For fund there is a match between the location of its establishment and the land of its numerous investments - Canada. The fund has specific favorite in a number of founders of portfolio startups.

The important activity for fund was in 2013. Despite it in 2019 the fund had an activity. The usual things for fund are deals in the range of 100 thousands - 1 million dollars. The higher amount of exits for fund were in 2018. The real fund results show that this VC is 12 percentage points less often commits exit comparing to other companies. The fund is constantly included in 2-6 deals per year. This NEXT Canada works on 17 percentage points less the average amount of lead investments comparing to the other organizations. The typical startup value when the investment from NEXT Canada is 1-5 millions dollars.

The standard case for the fund is to invest in rounds with 1-2 partakers. Despite the NEXT Canada, startups are often financed by Velocity, Creative Destruction Lab, Techstars. The meaningful sponsors for the fund in investment in the same round are Hedgewood, Anthony Lacavera, Y Combinator. In the next rounds fund is usually obtained by Creative Destruction Lab, SOSV, Roger Martin.

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Related Funds

Funds investing in previous rounds
These funds often invest in the rounds preceeding the rounds of NEXT Canada:
Typical Co-investors
NEXT Canada is more likely to invest in rounds together with the following funds:
Funds investing in following rounds
These funds have a tendency to invest in the following rounds after NEXT Canada:

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:

Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

Leav

Mobile Payments
Retail Technology
$1M08 Dec 2023 Montréal, Quebec, Canada

FAIRLY AI

Artificial Intelligence
FinTech
Machine Learning
Software
$1M19 Apr 2023 -

Learnify

E-Learning
Education
Software
$795K13 Apr 2022 -

Honest Empathy

Health Care
01 Jan 2022 Vancouver, British Columbia, Canada

Pilot

Accounting
Financial Services
FinTech
Hardware
Internet
Leisure
Professional Services
Software
Tourism
Travel
01 Sep 2021 North Vancouver, British Columbia, Canada

Sawback Technologies

CleanTech
Construction
Drones
Energy
Geospatial
Software
$178K01 Aug 2021 Calgary, Canada

Erode AI

$19K08 Jun 2021 -

Sawback Technologies

CleanTech
Construction
Drones
Energy
Geospatial
Software
$477K01 Mar 2021 Calgary, Canada

Renos

01 Jan 2021 Old Toronto, Ontario, Canada

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Total investments 352
Average round size 52K
Rounds per year 25.14
Peak activity year 2020
Lead investments 4
Follow on index 0.08
Exits 12
Group Appearance index 0.37

Latest deals

CompanyIndustryRound SizeDateInvestorsLocation

Leav

Mobile Payments
Retail Technology
$1M08 Dec 2023 Montréal, Quebec, Canada

FAIRLY AI

Artificial Intelligence
FinTech
Machine Learning
Software
$1M19 Apr 2023 -

Learnify

E-Learning
Education
Software
$795K13 Apr 2022 -

Honest Empathy

Health Care
01 Jan 2022 Vancouver, British Columbia, Canada

Pilot

Accounting
Financial Services
FinTech
Hardware
Internet
Leisure
Professional Services
Software
Tourism
Travel
01 Sep 2021 North Vancouver, British Columbia, Canada

Sawback Technologies

CleanTech
Construction
Drones
Energy
Geospatial
Software
$178K01 Aug 2021 Calgary, Canada

Erode AI

$19K08 Jun 2021 -

Sawback Technologies

CleanTech
Construction
Drones
Energy
Geospatial
Software
$477K01 Mar 2021 Calgary, Canada

Renos

01 Jan 2021 Old Toronto, Ontario, Canada
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