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Propulsion Ventures

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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 13
Average round size
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The average size of a deal this fund participated in
$8M
Portfolio companies 9
Rounds per year 0.50
Lead investments 2
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.31
Exits 5
Key employees Soon
Stages of investment
Early Stage Venture
Seed

Areas of investment

  • Information Technology
  • Artificial Intelligence
  • Search Engine
  • Developer Platform
  • Enterprise Software
Summary

Propulsion Ventures is the famous VC, which was founded in 1995. The main department of described VC is located in the Montru00e9al. The company was established in North America in Canada.

The fund has specific favorite in a number of founders of portfolio startups. Among the most popular portfolio startups of the fund, we may highlight ADCentricity, DNA13, Interset. For fund there is a match between the location of its establishment and the land of its numerous investments - Canada. We can highlight the next thriving fund investment areas, such as Artificial Intelligence, Machine Learning. Besides, a startup requires to be at the age of 4-5 years to receive the investment from the fund.

The fund is constantly included in less than 2 investment rounds annually. The top activity for fund was in 2008. The top amount of exits for fund were in 2019. Opposing the other organizations, this Propulsion Ventures works on 4 percentage points less the average amount of lead investments. Considering the real fund results, this VC is 5 percentage points more often commits exit comparing to other organizations. The usual things for fund are deals in the range of 5 - 10 millions dollars.

The typical case for the fund is to invest in rounds with 3-4 participants. Despite the Propulsion Ventures, startups are often financed by Startup Capital Ventures, Fonds de solidaritu00e9 FTQ, Access Capital. The meaningful sponsors for the fund in investment in the same round are Fonds de solidaritu00e9 FTQ, Louis Tetu, BDC Venture Capital. In the next rounds fund is usually obtained by Startup Capital Ventures, Fonds de solidaritu00e9 FTQ, Tandem Expansion.

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Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

Coveo

Artificial Intelligence
Developer Platform
Enterprise Software
Information Technology
Search Engine
$18M10 Dec 2012 Quebec

Coveo

Artificial Intelligence
Developer Platform
Enterprise Software
Information Technology
Search Engine
$8M08 Dec 2009 Quebec City, Quebec, Canada

Shopit Online Europe

E-Commerce
Information Technology
Search Engine
Shopping
Software
$29K24 Oct 2008 Växjö, Sweden

ADCentricity

Advertising
Developer Tools
Location Based Services
Mobile
News
$2M11 Jun 2008 Ontario

Consulting
Information Technology
Software
Training
$4M08 May 2007 (Old) Ottawa, Ontario, Canada

Coveo

Artificial Intelligence
Developer Platform
Enterprise Software
Information Technology
Search Engine
$6M25 Oct 2006 Quebec City, Quebec, Canada

Software
$1M07 Jul 2005 Montreal, Quebec

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Total investments 13
Average round size 8M
Rounds per year 0.50
Peak activity year 2012
Lead investments 2
Follow on index 0.31
Exits 5
Group Appearance index 0.85

Latest deals

CompanyIndustryRound SizeDateInvestorsLocation

Coveo

Artificial Intelligence
Developer Platform
Enterprise Software
Information Technology
Search Engine
$18M10 Dec 2012 Quebec

Coveo

Artificial Intelligence
Developer Platform
Enterprise Software
Information Technology
Search Engine
$8M08 Dec 2009 Quebec City, Quebec, Canada

Shopit Online Europe

E-Commerce
Information Technology
Search Engine
Shopping
Software
$29K24 Oct 2008 Växjö, Sweden

ADCentricity

Advertising
Developer Tools
Location Based Services
Mobile
News
$2M11 Jun 2008 Ontario

Consulting
Information Technology
Software
Training
$4M08 May 2007 (Old) Ottawa, Ontario, Canada

Coveo

Artificial Intelligence
Developer Platform
Enterprise Software
Information Technology
Search Engine
$6M25 Oct 2006 Quebec City, Quebec, Canada

Software
$1M07 Jul 2005 Montreal, Quebec
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