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The Venture Codex

Acumen Capital Partners

Suite 800, 500 4th Avenue SW, Calgary, AB, T2P 2V6, Canada

Overview

Founded in 1995, Acumen is a 100% employee owned investment dealer based in Calgary, Alberta, Canada. Acumen is a Participating Organization of the Toronto Stock Exchange (TSX), a Member Firm of the TSX Venture Exchange, and a Member Firm of the Investment Industry Regulatory Organization of Canada (IIROC). Client comfort is enhanced by Acumen's membership in the Canadian Investor Protection Fund.

Total investments
3
Lead investments
1
Investments · 12mo
0
Active investors
1

Sector focus

  • Asset Management
  • Financial Services
  • Venture Capital
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Investment portfolio

  • SunCulture

    Participated · Equity · Dec 2020

    Founded in 2013 by Samir Ibrahim and Charlie Nichols, SunCulture designs, manufactures, and distributes solar-powered water pumps that replace costly diesel and manual irrigation methods for smallholder farmers. The company couples its hardware with a pay-as-you-grow financing model, lowering the upfront cost barrier and making the technology accessible to low-income users. To date, more than 45,000 smallholder farmers have adopted SunCulture’s solutions, improving crop yields while gaining reliable access to clean water for drinking, cooking, and cleaning. Revenue and user figures beyond this adoption metric were not disclosed, but the firm positions itself at the intersection of climate resilience, agriculture, and clean energy. With fresh capital, SunCulture plans to strengthen manufacturing and distribution operations and to expand into additional African markets, including Uganda, Ivory Coast, Ethiopia, Zambia, and Togo. The company also intends to refine its financing products to make solar irrigation even more affordable, aligning its growth with broader goals of water security and food sustainability across the region.

  • Tomato Jos

    Participated · Series A · May 2020

    Founded in 2014 by Mira Mehta, Tomato Jos built an integrated model linking farmer production to processing to address high post-harvest losses in Nigeria’s tomato sector. The company provides inputs, technical guidance, managed irrigation and market access, and operates a tomato paste processing plant in Kaduna State to ensure rapid post-harvest processing. Its interventions boosted yields from a national average of about 5 tons per hectare to roughly 60 tons per hectare within its system, and more than 10,000 farmers have participated, with about 1,000 active at any time and roughly 60% of participants women. Tomato Jos has prioritized product quality and direct consumer sampling to shift preferences from imported paste to its locally produced product, and it distributes across major Nigerian cities including Lagos, Abuja, Port Harcourt, and Benin. The business faces working-capital constraints due to manufacturing-before-sales dynamics and exposure to rising input and energy costs, which continue to shape operational decisions.

  • Crehana

    Led · Equity · Feb 2019

    Crehana is an education technology platform for companies and individuals focused on reskilling and upskilling in Latin America. The company controls content end-to-end, working with more than 400 experts to offer over 700 courses that teach 100,000+ techniques and competencies across asynchronous and synchronous formats, culminating in final personal projects. Crehana for Business is a flexible, cloud-based SaaS learning ecosystem that packages multiple learning modules for enterprises; more than 50% of the company’s revenues come from this enterprise product. Individual subscriptions are also available, starting at $100 per year. The company reported triple-digit growth in 2020 and plans to expand its enterprise solution, invest in new products and technologies, grow sales/technology/support teams across its Latin American footprint, and launch operations in Brazil. Crehana was founded in 2015 and is headquartered in Mexico City. Crehana is an online education platform focused on courses for the creative and design industries. Founded in 2015 and based in Peru, the company offers hundreds of courses created by a large roster of content creators. The article reports Crehana has trained more than 2 million students and has presence in 25 Spanish-speaking countries, with over 500 courses and 493 content creators. During COVID-19 the platform saw substantial engagement growth: a 28% increase in registrations in Spain, a 179% rise in active mobile-app students, more than 9 million classes streamed, and learning time increases of 50% on tablets and 35% on smartphones. Crehana plans to use the new funding to consolidate its position in the online education market and to develop a B2B channel offering online training to companies to support digitalization. Investors highlighted Crehana's role addressing social-distancing needs and remote learning pressure during the pandemic. Crehana is a Peru‑headquartered online education platform offering practical, affordable courses for the creative and digital industries. Founded in 2015 by Diego Olcese and Rodolfo Dañino, the company reports more than 650,000 students and roughly 600,000 registered users across 20+ countries, with 500 courses and 220 content creators. The startup plans to use new capital to enrich and expand its course catalog, develop new products, grow a corporate training line, and accelerate expansion in Mexico, Peru, Colombia and into Europe. Management said it will allocate more than half of the round to increase brand presence in its main markets. Crehana aims to double its headcount by the end of 2019 and invest in production and personalization of content to improve the learning experience. Financially, the company closed a nearly €4M round and has raised about €5.5M in venture capital across three rounds.

Team

  • Brian Parker

    President & Chief Executive Officer, Institutional Sales