The Venture Codex Logo

The Venture Codex

Overview

Crown corporation assisting Canadian businesses in global trade success.

Founded

1944

Deals · 12mo

5

Stage focus

Series A

Geographic focus

Canada

Sector focus

Finance
Government
Insurance
Retail
...

Investment portfolio

112rounds
NAMEDATESIZE
Photonic
May 2026Participated
$200 MSeries E
Mecademic
Feb 2026Participated
$15 MOther Equity
Waabi
Jan 2026Participated
$750 MSeries C
Brickeye
Jan 2026Led
$10 MSeries B
Huha
Nov 2025Participated
$20 MOther Equity
Hydrostor
Sep 2025Led
$55 MDebt
Novarc Technologies
Mar 2025Led
$50 MSeries B
Nanoprecise Sci Corp
Mar 2025Participated
$38 MSeries C
Mangrove Lithium
Jan 2025Participated
$35 MOther Equity
HiringBranch
Dec 2024Participated
$4 MSeries A
Global Spatial Technology Solutions (GSTS)
Aug 2024Participated
$8 MSeries A
MolecuLight
Aug 2024Led
$12 MSeries C
Photonic
May 2026Participated
$200 MSeries E
Mecademic
Feb 2026Participated
$15 MOther Equity
Waabi
Jan 2026Participated
$750 MSeries C
Brickeye
Jan 2026Led
$10 MSeries B
Huha
Nov 2025Participated
$20 MOther Equity
Hydrostor
Sep 2025Led
$55 MDebt
Novarc Technologies
Mar 2025Led
$50 MSeries B
Nanoprecise Sci Corp
Mar 2025Participated
$38 MSeries C
Mangrove Lithium
Jan 2025Participated
$35 MOther Equity
HiringBranch
Dec 2024Participated
$4 MSeries A
Global Spatial Technology Solutions (GSTS)
Aug 2024Participated
$8 MSeries A
MolecuLight
Aug 2024Led
$12 MSeries C
112
Items
...
Browse all public portfolio deals

Insights

Time horizon

View by

Deal Distribution

Export Development Canada: 112 funding rounds are recorded in the selected participation categories.All available history.
Export Development Canada: 112 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed17
Series A419
Series B67
Series C+617
Other Equity1527
Debt12

Monthly Deal Activity

Export Development Canada: 112 deals are recorded across 190 months.All available history.
Export Development Canada: 112 deals are recorded across 190 months. All available history
MonthDeals
Jan '111
Feb '110
Mar '110
Apr '110
May '110
Jun '110
Jul '110
Aug '110
Sep '110
Oct '110
Nov '111
Dec '110
Jan '120
Feb '120
Mar '120
Apr '120
May '121
Jun '120
Jul '121
Aug '120
Sep '120
Oct '120
Nov '120
Dec '120
Jan '130
Feb '130
Mar '130
Apr '130
May '130
Jun '132
Jul '130
Aug '130
Sep '130
Oct '131
Nov '130
Dec '130
Jan '140
Feb '140
Mar '140
Apr '140
May '140
Jun '140
Jul '140
Aug '140
Sep '141
Oct '145
Nov '140
Dec '142
Jan '150
Feb '150
Mar '151
Apr '150
May '150
Jun '150
Jul '150
Aug '150
Sep '151
Oct '150
Nov '150
Dec '150
Jan '160
Feb '160
Mar '163
Apr '160
May '160
Jun '160
Jul '161
Aug '160
Sep '161
Oct '161
Nov '162
Dec '160
Jan '170
Feb '170
Mar '170
Apr '170
May '170
Jun '170
Jul '170
Aug '170
Sep '170
Oct '170
Nov '171
Dec '170
Jan '180
Feb '180
Mar '180
Apr '180
May '180
Jun '180
Jul '180
Aug '180
Sep '180
Oct '180
Nov '180
Dec '180
Jan '190
Feb '192
Mar '190
Apr '190
May '190
Jun '190
Jul '190
Aug '190
Sep '190
Oct '190
Nov '190
Dec '190
Jan '200
Feb '200
Mar '200
Apr '200
May '200
Jun '204
Jul '203
Aug '202
Sep '203
Oct '200
Nov '201
Dec '200
Jan '211
Feb '212
Mar '210
Apr '211
May '210
Jun '212
Jul '211
Aug '210
Sep '211
Oct '210
Nov '210
Dec '211
Jan '220
Feb '222
Mar '221
Apr '220
May '223
Jun '220
Jul '223
Aug '223
Sep '220
Oct '221
Nov '222
Dec '222
Jan '232
Feb '231
Mar '234
Apr '234
May '231
Jun '230
Jul '230
Aug '231
Sep '232
Oct '232
Nov '231
Dec '230
Jan '240
Feb '240
Mar '242
Apr '245
May '240
Jun '244
Jul '243
Aug '243
Sep '240
Oct '240
Nov '240
Dec '241
Jan '251
Feb '250
Mar '252
Apr '250
May '250
Jun '250
Jul '250
Aug '250
Sep '251
Oct '250
Nov '251
Dec '250
Jan '262
Feb '261
Mar '260
Apr '260
May '261
Jun '260
Jul '260
Aug '260
Sep '260
Oct '260

Sector Breakdown

Export Development Canada: Enterprise Software is the largest displayed sector by deal count (34 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.

Export Development Canada: Enterprise Software is the largest displayed sector by deal count (34 deals). All available history
SectorDeals
Enterprise Software34
Hardware & Robotics33
Clean Energy & Sustainability25
Space & Frontier Tech22
Networks, Cloud & Communication21
Manufacturing21
Transportation & Logistics17
AI & Machine Learning17
Media & Entertainment14
Data, Analytics & IT13
Marketing & Advertising9
Health & Life Sciences9
Food & Agriculture9
Professional Services9
Fintech8
E-Commerce & Retail7
Real Estate & Construction6
Cybersecurity & Privacy5
Consumer & Lifestyle4
Social & Community Platforms4
Education & Workforce3
Developer Tools3
AR/VR2
Gaming & eSports1

Deal Size Distribution

Export Development Canada: 112 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.

Export Development Canada: 112 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M21
$5M-$10M13
$10M-$25M39
$25M-$50M19
$50M-$100M10
$100M-$250M7
$250M-$500M1
$500M-$1B2
$1B+0

Deals By Geography

Export Development Canada: Canada has the largest recorded deal count among the displayed regions (103 deals).All available history.

Top 6 of 6 regions; European countries are grouped as Europe.

Export Development Canada: Canada has the largest recorded deal count among the displayed regions (103 deals). All available history
RegionDeals
Canada103
United States5
Australia1
V5m 3z31
940101
India1
Export Development Canada: 20 co-investors are shown, with BDC Capital sharing 26 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.

Investment Strategy

Export Development Canada: Led accounts for 29% and participating for 71% of round participation.All available history.
Export Development Canada: Led accounts for 29% and participating for 71% of round participation. All available history
CategoryDeals (count)Share (%)
Led3329%
Participating7971%
Export Development Canada: Single-lead accounts for 55% and co-led for 45% of lead dynamics.All available history.
Export Development Canada: Single-lead accounts for 55% and co-led for 45% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead1855%
Co-led1545%

Team

Eugene Siklos

Head of Direct Investments

Georges Nasr

Investment Manager

Greg McElheran

Head of Fund Investments

Jennifer Dean Brooy

Vice President Head of Equity

Lissa Bjerkelund

Export Development Canada | Exportation et développement Canada

Mairead Lavery

President & Chief Executive Officer

Paul Day

Vice President of Investment

Stephen Wilhelm

Regional Vice President