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FedDev Ontario

101-139 Northfield Drive West, Waterloo, Ontario, N2L 5A6, Canada

Overview

Supports innovation and business growth in southern Ontario.

Founded

2009

Deals · 12mo

1

Links

WebsiteLinkedInX (Twitter)

Stage focus

Debt

Geographic focus

Canada

Sector focus

—

Investment portfolio

23rounds
NAMEDATESIZE
Canadian Strategic Missions Corporation
Jul 2026Led
$5 MOther Equity
ACTO
Sep 2024Participated
$10 MOther Equity
Leynek Medical
Feb 2024Participated
$25 MSeed
Jombone
Jul 2023Led
$1 MOther Equity
Cognota
Jan 2023Led
$2 MDebt
Clear Blue Technologies
Jul 2022Led
$4 MOther Equity
TealBook
Mar 2020Led
$0.03 MGrant
Harmonic Medical
Aug 2019Led
$2 MOther Equity
Rockport Networks
Jul 2019Led
$3 MDebt
Weever
Jul 2019Participated
$128 MOther Equity
Bridgit
May 2019Led
$0.56 MGrant
Daisy Intelligence
Apr 2019Led
$0.88 MDebt
Canadian Strategic Missions Corporation
Jul 2026Led
$5 MOther Equity
ACTO
Sep 2024Participated
$10 MOther Equity
Leynek Medical
Feb 2024Participated
$25 MSeed
Jombone
Jul 2023Led
$1 MOther Equity
Cognota
Jan 2023Led
$2 MDebt
Clear Blue Technologies
Jul 2022Led
$4 MOther Equity
TealBook
Mar 2020Led
$0.03 MGrant
Harmonic Medical
Aug 2019Led
$2 MOther Equity
Rockport Networks
Jul 2019Led
$3 MDebt
Weever
Jul 2019Participated
$128 MOther Equity
Bridgit
May 2019Led
$0.56 MGrant
Daisy Intelligence
Apr 2019Led
$0.88 MDebt
23
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Deal Distribution

FedDev Ontario: 23 funding rounds are recorded in the selected participation categories.All available history.
FedDev Ontario: 23 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed01
Other Equity102
Grant20
Debt80

Monthly Deal Activity

FedDev Ontario: 23 deals are recorded across 181 months.All available history.
FedDev Ontario: 23 deals are recorded across 181 months. All available history
MonthDeals
Oct '111
Nov '110
Dec '110
Jan '120
Feb '120
Mar '120
Apr '120
May '120
Jun '120
Jul '120
Aug '120
Sep '120
Oct '120
Nov '120
Dec '120
Jan '130
Feb '130
Mar '130
Apr '130
May '130
Jun '131
Jul '130
Aug '130
Sep '130
Oct '130
Nov '130
Dec '130
Jan '140
Feb '140
Mar '140
Apr '140
May '140
Jun '140
Jul '141
Aug '140
Sep '140
Oct '140
Nov '140
Dec '140
Jan '150
Feb '150
Mar '151
Apr '150
May '150
Jun '150
Jul '152
Aug '150
Sep '150
Oct '150
Nov '150
Dec '150
Jan '160
Feb '161
Mar '160
Apr '161
May '161
Jun '160
Jul '160
Aug '160
Sep '160
Oct '160
Nov '160
Dec '160
Jan '170
Feb '170
Mar '170
Apr '171
May '170
Jun '170
Jul '170
Aug '170
Sep '170
Oct '170
Nov '170
Dec '170
Jan '180
Feb '181
Mar '180
Apr '180
May '180
Jun '180
Jul '180
Aug '180
Sep '180
Oct '180
Nov '180
Dec '180
Jan '190
Feb '190
Mar '190
Apr '191
May '191
Jun '190
Jul '192
Aug '191
Sep '190
Oct '190
Nov '190
Dec '190
Jan '200
Feb '200
Mar '201
Apr '200
May '200
Jun '200
Jul '200
Aug '200
Sep '200
Oct '200
Nov '200
Dec '200
Jan '210
Feb '210
Mar '210
Apr '210
May '210
Jun '210
Jul '210
Aug '210
Sep '210
Oct '210
Nov '210
Dec '210
Jan '220
Feb '220
Mar '220
Apr '220
May '220
Jun '220
Jul '221
Aug '220
Sep '220
Oct '220
Nov '220
Dec '220
Jan '231
Feb '230
Mar '230
Apr '230
May '230
Jun '230
Jul '231
Aug '230
Sep '230
Oct '230
Nov '230
Dec '230
Jan '240
Feb '241
Mar '240
Apr '240
May '240
Jun '240
Jul '240
Aug '240
Sep '241
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 '250
Dec '250
Jan '260
Feb '260
Mar '260
Apr '260
May '260
Jun '260
Jul '261
Aug '260
Sep '260
Oct '260

Sector Breakdown

FedDev Ontario: Enterprise Software is the largest displayed sector by deal count (10 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.

FedDev Ontario: Enterprise Software is the largest displayed sector by deal count (10 deals). All available history
SectorDeals
Enterprise Software10
Health & Life Sciences6
Networks, Cloud & Communication5
Professional Services4
Data, Analytics & IT3
AI & Machine Learning3
Education & Workforce2
Clean Energy & Sustainability2
Space & Frontier Tech2
Consumer & Lifestyle2
Marketing & Advertising2
Manufacturing2
Social & Community Platforms2
Cybersecurity & Privacy1
Real Estate & Construction1
Transportation & Logistics1
Hardware & Robotics1
Media & Entertainment1
Food & Agriculture1

Deal Size Distribution

FedDev Ontario: 23 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.

FedDev Ontario: 23 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M18
$5M-$10M0
$10M-$25M3
$25M-$50M1
$50M-$100M0
$100M-$250M1
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

FedDev Ontario: Canada has the largest recorded deal count among the displayed regions (19 deals).All available history.

Top 5 of 5 regions; European countries are grouped as Europe.

FedDev Ontario: Canada has the largest recorded deal count among the displayed regions (19 deals). All available history
RegionDeals
Canada19
939231
United States1
Australia1
China1
FedDev Ontario: 13 co-investors are shown, with Amazon 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.

FedDev Ontario: 13 co-investors are shown, with Amazon sharing 1 recorded deals. All available history
Co-investorShared deals
Amazon1
BDC Capital1
Covington Capital1
Government of Canada1
Graphite Ventures1
GreenSky Ventures1
GrowthWorks1
Innovation Grade Ventures1
MaRS1
Northumberland CFDC1
Panache Ventures1
Questa Capital1
Resolve Growth Partners1

Investment Strategy

FedDev Ontario: Led accounts for 87% and participating for 13% of round participation.All available history.
FedDev Ontario: Led accounts for 87% and participating for 13% of round participation. All available history
CategoryDeals (count)Share (%)
Led2087%
Participating313%
FedDev Ontario: Single-lead accounts for 100% and co-led for 0% of lead dynamics.All available history.
FedDev Ontario: Single-lead accounts for 100% and co-led for 0% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead20100%
Co-led00%

Team

Evan Solomon