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Brightspark Ventures

Founders Mark Skapinker Sophie Forest Tony Davis

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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 64
Average round size
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The average size of a deal this fund participated in
$10M
Portfolio companies 37
Rounds per year 2.67
Lead investments 13
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.42
Exits 10
Key employees 4
Stages of investment
Early Stage Venture
Late Stage Venture
Seed

Areas of investment

  • Software
  • SaaS
  • Enterprise Software
  • Machine Learning
  • Mobile
Summary

Brightspark Ventures appeared to be the VC, which was created in 2000. The leading representative office of defined VC is situated in the Montru00e9al. The company was established in North America in Canada.

The fund has no exact preference in some founders of portfolio startups. When startup sums 5+ of the founder, the probability for it to get the investment is little. 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 successful fund investment fields, there are Enterprise Software, E-Commerce. Besides, a startup requires to be at the age of 2-3 years to receive the investment from the fund. Among the most popular portfolio startups of the fund, we may highlight Hubba, gShift, AOMS Technologies Inc..

The usual cause for the fund is to invest in rounds with 3-4 partakers. Despite the Brightspark Ventures, startups are often financed by Mantella Venture Partners, Flagship Pioneering, BDC Venture Capital. The meaningful sponsors for the fund in investment in the same round are Investissement Quebec, Flagship Pioneering, OMERS Ventures. In the next rounds fund is usually obtained by OMERS Ventures, Investissement Quebec, Groupe Roski.

Speaking about the real fund results, this VC is 0 percentage points less often commits exit comparing to other organizations. This Brightspark Ventures works on 6 percentage points less the average amount of lead investments comparing to the other organizations. The typical startup value when the investment from Brightspark Ventures is 500 millions - 1 billion dollars. The fund is generally included in less than 2 deals every year. Deals in the range of 10 - 50 millions dollars are the general things for fund. The top amount of exits for fund were in 2009. The top activity for fund was in 2017. Despite it in 2019 the fund had an activity.

This organization was formed by Mark Skapinker, Sophie Forest, Tony Davis. The overall number of key employees were 8.

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Related Funds

Funds investing in previous rounds
These funds often invest in the rounds preceeding the rounds of Brightspark Ventures:
Typical Co-investors
Brightspark Ventures 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 Brightspark Ventures:

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

Deep Sky

$45M16 Nov 2023 Montréal, Quebec, Canada

Deep Sky

$7M08 May 2023 Montréal, Quebec, Canada

Optable

Advertising Platforms
Data Integration
SaaS
Software
$20M18 Apr 2023 Montreal, Quebec, Canada

PreVu3D

3D Technology
Internet
Mobile
Software
$10M14 Feb 2023 Montreal, Quebec, Canada

Elevate Farms

AgTech
Farming
$20M03 Oct 2022 Old Toronto, Ontario, Canada

POTLOC

Consumer Research
Market Research
Software
$27M21 Jun 2022 Montreal, Quebec, Canada

Vetster

Marketplace
Veterinary
$30M19 Apr 2022 Old Toronto, Ontario, Canada

DrugBank

Biotechnology
Health Care
Pharmaceutical
$7M11 Apr 2022 Edmonton, Canada

Potential Motors

Artificial Intelligence
Automotive
Electric Vehicle
Machine Learning
Software
$3M11 Feb 2022 Fredericton, New Brunswick, Canada
News
Data Sentinel Raises Seed Funding to Accelerate Growth and Product Development of Its Sensitive Data Management Software

– Data Sentinel announced the close of a $3.6m funding round.
– The financing was led by Brightspark Ventures, with participation from Sentiero Ventures, Delbridge Capital Partners, and other high value angel investors.
– Data Sentinel is a data trust and compliance platform that helps businesses persistently manage their data privacy compliance, governance, and quality in real time.
– Data Sentinel’s proprietary deep learning discovery technology illuminates the true nature of an organizations data across all sources and systems, monitoring and measuring the data to ensure compliance with company policies and evolving regulations.
– Led by industry veterans with extensive real-world experience, Data Sentinel has been built to help businesses produce trusted, correct, compliant, and well governed data.

Vester Raises $12.25M in Funding

– Vetster is a virtual veterinary and pet care marketplace offering preventative and urgent care services.
– The company raised $12.25M in funding.
– The round was led by Whitecap Venture Partners with participation from Brightspark Ventures, Hedgewood and angels including Wealthsimple’s Michael Katchen and Leen Li, Robert Halpern, and Jeff Fettes.
– The new investment will be aimed at accelerating growth and expanding its offering and services into new regions including the UK, Australia, Europe and Asia-Pacific.

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Total investments 64
Average round size 10M
Rounds per year 2.67
Peak activity year 2017
Lead investments 13
Follow on index 0.42
Exits 10
Group Appearance index 0.80

Latest deals

CompanyIndustryRound SizeDateInvestorsLocation

Deep Sky

$45M16 Nov 2023 Montréal, Quebec, Canada

Deep Sky

$7M08 May 2023 Montréal, Quebec, Canada

Optable

Advertising Platforms
Data Integration
SaaS
Software
$20M18 Apr 2023 Montreal, Quebec, Canada

PreVu3D

3D Technology
Internet
Mobile
Software
$10M14 Feb 2023 Montreal, Quebec, Canada

Elevate Farms

AgTech
Farming
$20M03 Oct 2022 Old Toronto, Ontario, Canada

POTLOC

Consumer Research
Market Research
Software
$27M21 Jun 2022 Montreal, Quebec, Canada

Vetster

Marketplace
Veterinary
$30M19 Apr 2022 Old Toronto, Ontario, Canada

DrugBank

Biotechnology
Health Care
Pharmaceutical
$7M11 Apr 2022 Edmonton, Canada

Potential Motors

Artificial Intelligence
Automotive
Electric Vehicle
Machine Learning
Software
$3M11 Feb 2022 Fredericton, New Brunswick, Canada
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