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The Venture Codex

Avatar Innovations

112 4th Avenue SW Suite 500, Calgary, AB, T2P 0H3, Canada

Overview

Corporate venture studio driving decarbonization in the energy sector.

Founded

2020

Deals ยท 12mo

2

Links

WebsiteLinkedIn

Stage focus

Seed

Geographic focus

United States

Sector focus

Energy
Energy Efficiency
Oil and Gas

Investment portfolio

3rounds
NAMEDATESIZE
Mbrace Energy
Sep 2026Led
$1 MSeed
Splice N Connect
Nov 2025Led
$2 MSeed
CO2Brew
Jul 2024Led
$0.80 MSeed
Mbrace Energy
Sep 2026Led
$1 MSeed
Splice N Connect
Nov 2025Led
$2 MSeed
CO2Brew
Jul 2024Led
$0.80 MSeed
3
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Insights

Time horizon

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Deal Distribution

Avatar Innovations: 3 funding rounds are recorded in the selected participation categories.All available history.
Avatar Innovations: 3 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed30

Monthly Deal Activity

Avatar Innovations: 3 deals are recorded across 28 months.All available history.
Avatar Innovations: 3 deals are recorded across 28 months. All available history
MonthDeals
Jul '241
Aug '240
Sep '240
Oct '240
Nov '240
Dec '240
Jan '250
Feb '250
Mar '250
Apr '250
May '250
Jun '250
Jul '250
Aug '250
Sep '250
Oct '250
Nov '251
Dec '250
Jan '260
Feb '260
Mar '260
Apr '260
May '260
Jun '260
Jul '260
Aug '260
Sep '261
Oct '260

Sector Breakdown

Avatar Innovations: Clean Energy & Sustainability is the largest displayed sector by deal count (3 deals).All available history.

A deal can appear in multiple sectors, so sector totals may overlap. Capital represents disclosed total round sizes, not fund cheque sizes.

Avatar Innovations: Clean Energy & Sustainability is the largest displayed sector by deal count (3 deals). All available history
SectorDeals
Clean Energy & Sustainability3
Data, Analytics & IT2
Food & Agriculture1

Deal Size Distribution

Avatar Innovations: 3 rounds have a disclosed size in the displayed size bands.All available history.

Undisclosed round sizes are excluded. Capital represents total round sizes, not fund cheque sizes.

Avatar Innovations: 3 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M3
$5M-$10M0
$10M-$25M0
$25M-$50M0
$50M-$100M0
$100M-$250M0
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Avatar Innovations: Canada has the largest recorded deal count among the displayed regions (3 deals).All available history.

Top 1 of 1 regions; European countries are grouped as Europe.

Avatar Innovations: Canada has the largest recorded deal count among the displayed regions (3 deals). All available history
RegionDeals
Canada3
Avatar Innovations: 1 co-investor is shown, with NGIF Cleantech Ventures sharing 1 recorded deals.All available history.

Co-Investors

Bubble size = shared deals

Click a bubble to open that fund in a new tab.

Shows up to 20 co-investors ranked by shared deals. Deals may be shared with multiple funds, so rows overlap. Capital is total round size, not fund cheque size.

Avatar Innovations: 1 co-investor is shown, with NGIF Cleantech Ventures sharing 1 recorded deals. All available history
Co-investorShared deals
NGIF Cleantech Ventures1

Investment Strategy

Avatar Innovations: Led accounts for 100% and participating for 0% of round participation.All available history.
Avatar Innovations: Led accounts for 100% and participating for 0% of round participation. All available history
CategoryDeals (count)Share (%)
Led3100%
Participating00%
Avatar Innovations: Single-lead accounts for 100% and co-led for 0% of lead dynamics.All available history.
Avatar Innovations: Single-lead accounts for 100% and co-led for 0% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead3100%
Co-led00%

Team

Bryan Trudel
David Pratt, MPAcc, CPA, CBV