The Venture Codex Logo

The Venture Codex

Canadian Business Growth Fund

145 King Street West, Suite 730, Toronto, ON, M5H 1J8, Canada

Overview

Provides growth capital and expertise to Canadian businesses.

Founded

2018

Deals · 12mo

1

Links

WebsiteLinkedInX (Twitter)

Stage focus

Series B

Geographic focus

Canada
United States

Sector focus

Venture Capital

Investment portfolio

17rounds
NAMEDATESIZE
Felix Health
Oct 2025Led
$53 MSeries C
Felix Health
Apr 2023Participated
$13 MSeries B
Felix
Apr 2023Participated
$13 MSeries B
ProcedureFlow
Jul 2022Led
$12 MOther Equity
Amilia
May 2022Led
$30 MOther Equity
MaxSold Incorporated
Mar 2022Participated
$21 MSeries B
Terra Mobility
Feb 2022Led
$11 MOther Equity
Kudos
Dec 2021Led
$10 MOther Equity
ShopperPlus
Sep 2021Led
$13 MSeries A
Cold Bore Technology
Jul 2021Participated
$14 MOther Equity
Vendasta
May 2021Participated
$99 MOther Equity
Paystone
Jan 2021Led
$69 MOther Equity
Felix Health
Oct 2025Led
$53 MSeries C
Felix Health
Apr 2023Participated
$13 MSeries B
Felix
Apr 2023Participated
$13 MSeries B
ProcedureFlow
Jul 2022Led
$12 MOther Equity
Amilia
May 2022Led
$30 MOther Equity
MaxSold Incorporated
Mar 2022Participated
$21 MSeries B
Terra Mobility
Feb 2022Led
$11 MOther Equity
Kudos
Dec 2021Led
$10 MOther Equity
ShopperPlus
Sep 2021Led
$13 MSeries A
Cold Bore Technology
Jul 2021Participated
$14 MOther Equity
Vendasta
May 2021Participated
$99 MOther Equity
Paystone
Jan 2021Led
$69 MOther Equity
17
Items
...
Browse all public portfolio deals

Insights

Time horizon

View by

Deal Distribution

Canadian Business Growth Fund: 17 funding rounds are recorded in the selected participation categories.All available history.
Canadian Business Growth Fund: 17 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Series A10
Series B03
Series C+30
Other Equity64

Monthly Deal Activity

Canadian Business Growth Fund: 17 deals are recorded across 88 months.All available history.
Canadian Business Growth Fund: 17 deals are recorded across 88 months. All available history
MonthDeals
Jul '191
Aug '190
Sep '190
Oct '190
Nov '190
Dec '190
Jan '200
Feb '200
Mar '200
Apr '200
May '200
Jun '201
Jul '200
Aug '201
Sep '202
Oct '200
Nov '200
Dec '200
Jan '211
Feb '210
Mar '210
Apr '210
May '211
Jun '210
Jul '211
Aug '210
Sep '211
Oct '210
Nov '210
Dec '211
Jan '220
Feb '221
Mar '221
Apr '220
May '221
Jun '220
Jul '221
Aug '220
Sep '220
Oct '220
Nov '220
Dec '220
Jan '230
Feb '230
Mar '230
Apr '232
May '230
Jun '230
Jul '230
Aug '230
Sep '230
Oct '230
Nov '230
Dec '230
Jan '240
Feb '240
Mar '240
Apr '240
May '240
Jun '240
Jul '240
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 '251
Nov '250
Dec '250
Jan '260
Feb '260
Mar '260
Apr '260
May '260
Jun '260
Jul '260
Aug '260
Sep '260
Oct '260

Sector Breakdown

Canadian Business Growth Fund: Enterprise Software is the largest displayed sector by deal count (12 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.

Canadian Business Growth Fund: Enterprise Software is the largest displayed sector by deal count (12 deals). All available history
SectorDeals
Enterprise Software12
Networks, Cloud & Communication8
E-Commerce & Retail4
Data, Analytics & IT4
Marketing & Advertising4
Media & Entertainment4
Health & Life Sciences3
Professional Services3
Transportation & Logistics2
AI & Machine Learning2
AR/VR1
Clean Energy & Sustainability1
Real Estate & Construction1
Consumer & Lifestyle1
Fintech1
Social & Community Platforms1
Developer Tools1

Deal Size Distribution

Canadian Business Growth Fund: 17 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.

Canadian Business Growth Fund: 17 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M0
$5M-$10M1
$10M-$25M11
$25M-$50M2
$50M-$100M3
$100M-$250M0
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Canadian Business Growth Fund: Canada has the largest recorded deal count among the displayed regions (16 deals).All available history.

Top 2 of 2 regions; European countries are grouped as Europe.

Canadian Business Growth Fund: Canada has the largest recorded deal count among the displayed regions (16 deals). All available history
RegionDeals
Canada16
United States1
Canadian Business Growth Fund: 20 co-investors are shown, with BDC Capital sharing 8 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.

Canadian Business Growth Fund: 20 co-investors are shown, with BDC Capital sharing 8 recorded deals. All available history
Co-investorShared deals
BDC Capital8
Export Development Canada5
Whitecap Venture Partners3
Investissement Québec2
K3 Ventures2
Mantella Venture Partners2
BGF1
BMO Capital Partners1
BP Ventures1
Build Ventures1
Celtic House Asia Partners1
Celtic House Venture Partners1
Claridge1
Comporium1
EDC1
Emerald Technology Ventures1
Framework Venture Partners1
Greensoil PropTech Ventures1
H Venture Partners1
Innovatia1

Investment Strategy

Canadian Business Growth Fund: Led accounts for 59% and participating for 41% of round participation.All available history.
Canadian Business Growth Fund: Led accounts for 59% and participating for 41% of round participation. All available history
CategoryDeals (count)Share (%)
Led1059%
Participating741%
Canadian Business Growth Fund: Single-lead accounts for 50% and co-led for 50% of lead dynamics.All available history.
Canadian Business Growth Fund: Single-lead accounts for 50% and co-led for 50% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead550%
Co-led550%

Team

Dale Tingley

Co Managing Partner

Hai Tran Viet

Co-Managing Partner

Karoline Elkind

VP Finance