Western Economic Diversification Canada

Total investments

31

Average round size

1M

Portfolio companies

30

Rounds per year

0.86

Lead investments

11

Follow on index

0.03

Exits

3

Areas of investment
BiotechnologyE-CommerceSoftwareInformation TechnologyHealth CareMedicalPersonal HealthRenewable EnergyAgricultureNanotechnology

Summary

Western Economic Diversification Canada appeared to be the Corporate Investor, which was created in 1987. The main office of represented Corporate Investor is situated in the Edmonton. The venture was found in North America in Canada.

Among the most popular fund investment industries, there are Education, Software. For fund there is a match between the country of its foundation and the country of its the most frequent investments - Canada. Among the most popular portfolio startups of the fund, we may highlight HYAS InfoSec. Besides, a startup requires to be at the age of 2-3 years to receive the investment from the fund.

The usual cause for the fund is to invest in rounds with 1 partaker. Despite the Western Economic Diversification Canada, startups are often financed by Wesley Clover, Tom Noonan, Tim Eades. In the next rounds fund is usually obtained by Susa Ventures, Silicon Valley Bank, M12.

Deals in the range of 1 - 5 millions dollars are the general things for fund. The fund is constantly included in 2-6 deals per year. The high activity for fund was in 2019. Considering the real fund results, this Corporate Investor is 80 percentage points more often commits exit comparing to other organizations.

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Investments analytics

Analytics

Total investments
31
Lead investments
11
Exits
3
Rounds per year
0.86
Follow on index
0.03
Investments by industry
  • Software (7)
  • Health Care (6)
  • Information Technology (5)
  • Biotechnology (3)
  • E-Commerce (3)
  • Show 48 more
Investments by region
  • Canada (29)
  • Sri Lanka (1)
  • United States (1)
Peak activity year
2019

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Quantitative data

Avg. startup age at the time of investment
16
Avg. valuation at time of investment
7M
Group Appearance index
0.19
Avg. company exit year
10

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Latest deals

Company name Deal date Industry Deal stage Deal size Location
Virtual Gurus 21 Apr 2021 Marketplace, Insurance, Information and Communications Technology (ICT), Virtual Assistant, Virtual Workforce Seed 1M Alberta, Calgary, Canada
How we get our data

At Unicorn Nest, we combine cutting-edge technology with human expertise to build one of the most reliable venture capital databases in the market. Our process begins with automated AI-enhanced data collection, leveraging the full potential of Large Language Models (LLMs).

Later, our team of analysts takes it further with manual verification, using proprietary tools for data cleaning and validation to ensure accuracy and reliability. We cross-check and enhance our findings through press and media monitoring, integrating information from trusted news outlets and venture capital aggregators. Finally, we stay ahead of the curve by monitoring social networks like LinkedIn and X.com.