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The Venture Codex

BoxOne Ventures

1001 Rue Lenoir Ste B532, Montréal, Quebec, H4C 2Z6, Canada

Overview

BoxOne Ventures is a privately held investment firm that focuses on early-stage companies across all markets: biotech, fintech, agtech, healthcare, data, engineering, and AI/ML. We strive to balance the best elements of patient angel capital with the value-add often found at venture funds. You will often find us as the first cheque into a company. We invest our own capital and bring our experience as operators that have scaled many startups from founding to exit. We like partnering in the earliest days and continuing to support entrepreneurs with capital, expertise, and our network across their entire journey while making sure to never get in their way.

Total investments
35
Lead investments
1
Investments · 12mo
5
Active investors
2

Sector focus

  • Biotechnology
  • FinTech
  • Health Care
  • Life Science
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Investment portfolio

  • GroundedAI

    Participated · Seed · Jul 2026

    GroundedAI develops an AI platform aimed at tackling the complexity of underground infrastructure and related engineering challenges. The company’s founders include Shelby Yee and Stuart Bourne, who were highlighted in the funding announcement. Public commentary around the company situates its work against the $200B+ annual global spend on underground infrastructure and compares cost inefficiencies like NYC’s subway build costs. The platform is presented as designed to meet the complexity of those systems, though specific product details and metrics were not disclosed. GroundedAI recently raised a $2M Seed round announced with BoxOne Ventures and several participating investors.

  • Opalia

    Participated · Equity · Apr 2026

    Opalia cultivates mammary cells in bioreactors to produce complete milk—including proteins, fats, and sugars—intended as a drop-in replacement for conventional fluid or powdered milk. The company positions its approach as distinct from precision fermentation by producing whole milk rather than single milk proteins. Opalia targets the global dairy market through a B2B licensing and supply model rather than direct-to-consumer sales. It has signed paid commercial pilot agreements with established dairy players, including Hoogwegt and the Canadian division of a major dairy group, with partnerships across five countries on three continents. Opalia plans to scale a modular bioreactor system using proceeds from the CAD 3.2M seed round and aims for a commercial launch in 2028 while pursuing regulatory approvals in North America, Europe, and Asia.

  • Dispersa

    Participated · Seed · Mar 2026

    Founded in 2019, Canada-based Dispersa has developed BioEterna®, a synthetic-biology and precision-fermentation platform that feeds waste oils and sugars to microbes, producing PuraSurf®, the world’s first 100% waste-derived biosurfactant. The ingredient can slot into cleaners, detergents, shampoos, cosmetics and other formulations traditionally reliant on fossil or palm inputs. With facilities in Laval, Québec and biomanufacturing partners in Nova Scotia, the company is nearing 100-tonnes-per-year production capacity and is preparing to fulfill commercial orders across North America. Dispersa’s circular model simultaneously diverts food waste from landfills and lowers the carbon and biodiversity impacts tied to conventional surfactants. The startup has raised more than $13 million CAD to date, enabling its transition from lab proof-of-concept to commercial-scale manufacturing. Seed funding is being deployed to expand production, accelerate customer integrations and advance additional waste-to-chemical product lines.

  • Mycroft

    Participated · Seed · Sep 2025

    Mycroft replaces fragmented security and compliance stacks with a single agentic AI solution that continuously monitors cloud infrastructure, secures devices, enforces policies, manages incidents and prepares firms for audits. Its no-code AI agents function like a virtual CISO, GRC expert and IT operations team, adapting to each customer’s environment. Launched publicly after operating in stealth, the platform has already signed up more than 50 customers within its first six months, including Superwhisper, Evolo and Weave (YC25). The company positions security as a growth enabler, aiming to deliver enterprise-grade protection without the overhead of large internal teams. Proceeds from the recent seed financing will be used to accelerate product development and expand go-to-market efforts. Mycroft was founded by a team with over 30 years of combined security experience and is headquartered in Toronto. Financially, it has raised a total of $3.5 million to date through its seed round.

  • SUMM Ingredients

    Participated · Equity · Sep 2025

    SUMM Ingredients, formerly known as Nutrumami, engineers fermented protein ingredients that simultaneously deliver umami flavour, mouthfeel and nutritional benefits, enabling food producers to simplify clean-label formulations. Its first product line, FermiPro, naturally builds texture, reduces reliance on additives and can cut salt by up to 30 % while boosting protein, minerals and B-vitamins. The company is showcasing several application-ready formats, including Cultured ProMix for plant-based cheese, Bouillon Creamer for ready meals, Saucier for dairy-free sauces, Texture+ for alternative meats, and Plant Booster seasonings. Management plans to launch FermiPro commercially with customers in autumn 2025 and is expanding its commercial capabilities with the hire of former Barry Callebaut and AAK executive Kasper Bus as Chief Commercial Officer. SUMM Ingredients positions its technology as a new ingredient category—“multifunctional, fermented proteins”—targeting the growing demand for clean-label, healthier foods. The recent €1.7 million raise sets the company’s next milestones of scaling production and bringing FermiPro to global markets.

Team