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The Venture Codex

Government of Canada

30 Victoria Street, Gatineau, QC, K1A 1H3, Canada

Overview

Centralized online portal for accessing Canadian government services.

Founded

1867

Deals · 12mo

5

Links

WebsiteLinkedInX (Twitter)

Stage focus

—

Geographic focus

Canada

Sector focus

Government
Information Services
Non Profit

Investment portfolio

44rounds
NAMEDATESIZE
Xanadu
Sep 2026Led
$195 MDebt
Kardium
Aug 2026Led
$31 MDebt
SPARK Microsystems
May 2026Led
$0.73 MGrant
Aspect Biosystems
Apr 2026Participated
$96 MGrant
Rezycology
Jan 2026Led
$0.20 MOther Equity
Polara
Aug 2025Led
$2 MOther Equity
Entos Pharmaceuticals
Mar 2025Led
$78 MOther Equity
Aspect Biosystems
Jul 2024Led
$53 MGrant
VMAC Global Technology
Jun 2024Led
$3 MOther Equity
Shifty Eye Studios
Apr 2024Led
$0.58 MOther Equity
High Q Technologies
Feb 2024Led
$4 MOther Equity
Xanadu
Feb 2024Led
$3 MDebt
Xanadu
Sep 2026Led
$195 MDebt
Kardium
Aug 2026Led
$31 MDebt
SPARK Microsystems
May 2026Led
$0.73 MGrant
Aspect Biosystems
Apr 2026Participated
$96 MGrant
Rezycology
Jan 2026Led
$0.20 MOther Equity
Polara
Aug 2025Led
$2 MOther Equity
Entos Pharmaceuticals
Mar 2025Led
$78 MOther Equity
Aspect Biosystems
Jul 2024Led
$53 MGrant
VMAC Global Technology
Jun 2024Led
$3 MOther Equity
Shifty Eye Studios
Apr 2024Led
$0.58 MOther Equity
High Q Technologies
Feb 2024Led
$4 MOther Equity
Xanadu
Feb 2024Led
$3 MDebt
44
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Deal Distribution

Government of Canada: 44 funding rounds are recorded in the selected participation categories.All available history.
Government of Canada: 44 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed05
Series A11
Series B10
Other Equity242
Grant51
Debt40

Monthly Deal Activity

Government of Canada: 44 deals are recorded across 165 months.All available history.
Government of Canada: 44 deals are recorded across 165 months. All available history
MonthDeals
Feb '131
Mar '130
Apr '130
May '130
Jun '130
Jul '130
Aug '130
Sep '131
Oct '130
Nov '130
Dec '130
Jan '140
Feb '140
Mar '140
Apr '140
May '140
Jun '140
Jul '140
Aug '140
Sep '140
Oct '140
Nov '141
Dec '140
Jan '150
Feb '150
Mar '150
Apr '150
May '150
Jun '150
Jul '151
Aug '150
Sep '150
Oct '150
Nov '150
Dec '150
Jan '160
Feb '160
Mar '160
Apr '160
May '161
Jun '160
Jul '160
Aug '160
Sep '160
Oct '160
Nov '161
Dec '160
Jan '170
Feb '171
Mar '171
Apr '170
May '170
Jun '171
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 '181
Nov '182
Dec '180
Jan '190
Feb '190
Mar '190
Apr '190
May '190
Jun '191
Jul '190
Aug '190
Sep '191
Oct '190
Nov '190
Dec '191
Jan '200
Feb '200
Mar '200
Apr '200
May '201
Jun '201
Jul '200
Aug '200
Sep '200
Oct '201
Nov '200
Dec '200
Jan '210
Feb '211
Mar '211
Apr '210
May '210
Jun '211
Jul '211
Aug '211
Sep '210
Oct '210
Nov '210
Dec '210
Jan '220
Feb '220
Mar '221
Apr '220
May '220
Jun '220
Jul '221
Aug '221
Sep '220
Oct '220
Nov '221
Dec '220
Jan '230
Feb '230
Mar '230
Apr '230
May '230
Jun '231
Jul '231
Aug '230
Sep '230
Oct '230
Nov '230
Dec '230
Jan '241
Feb '243
Mar '240
Apr '241
May '240
Jun '241
Jul '241
Aug '240
Sep '240
Oct '240
Nov '240
Dec '240
Jan '250
Feb '250
Mar '251
Apr '250
May '250
Jun '250
Jul '250
Aug '251
Sep '250
Oct '250
Nov '250
Dec '250
Jan '261
Feb '260
Mar '260
Apr '261
May '261
Jun '260
Jul '260
Aug '261
Sep '261
Oct '260

Sector Breakdown

Government of Canada: Health & Life Sciences is the largest displayed sector by deal count (15 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.

Government of Canada: Health & Life Sciences is the largest displayed sector by deal count (15 deals). All available history
SectorDeals
Health & Life Sciences15
Hardware & Robotics10
Clean Energy & Sustainability9
Space & Frontier Tech9
AI & Machine Learning8
Manufacturing7
Data, Analytics & IT5
Fintech4
Media & Entertainment4
Enterprise Software3
Networks, Cloud & Communication3
Food & Agriculture3
Government & Defense2
Real Estate & Construction2
Transportation & Logistics1
Marketing & Advertising1
Gaming & eSports1
Professional Services1

Deal Size Distribution

Government of Canada: 44 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.

Government of Canada: 44 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M26
$5M-$10M1
$10M-$25M5
$25M-$50M5
$50M-$100M3
$100M-$250M3
$250M-$500M0
$500M-$1B0
$1B+1

Deals By Geography

Government of Canada: Canada has the largest recorded deal count among the displayed regions (40 deals).All available history.

Top 4 of 4 regions; European countries are grouped as Europe.

Government of Canada: Canada has the largest recorded deal count among the displayed regions (40 deals). All available history
RegionDeals
Canada40
United States2
Indonesia1
Europe1
Government of Canada: 20 co-investors are shown, with Government of British Columbia sharing 2 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.

Government of Canada: 20 co-investors are shown, with Government of British Columbia sharing 2 recorded deals. All available history
Co-investorShared deals
Government of British Columbia2
Innovacorp2
Acequia Capital1
AgriInnovate Program1
Alberta Value Added Corporation1
Build Ventures1
Canadian Heritage1
Concrete Ventures1
Export Development Canada1
Farm Credit Canada1
FedDev Ontario1
Globalive Capital1
Grand Challenges Canada1
Harsco Environmental1
Impact Investment Exchange1
Invest Nova Scotia1
Maple Leaf Angels1
MaRS Innovation1
Northumberland CFDC1
Ontario1

Investment Strategy

Government of Canada: Led accounts for 80% and participating for 20% of round participation.All available history.
Government of Canada: Led accounts for 80% and participating for 20% of round participation. All available history
CategoryDeals (count)Share (%)
Led3580%
Participating920%
Government of Canada: Single-lead accounts for 89% and co-led for 11% of lead dynamics.All available history.
Government of Canada: Single-lead accounts for 89% and co-led for 11% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead3189%
Co-led411%

Team

Ashley Casovan

Director for Data Architecture and Innovation

Aslam Nathoo

Interim Regional Deputy Director (Prairies)

Benoit Hamelin

Researcher

Brian Haley

Honorary Consul

Colleen Merchant

Director General for National Cyber Security

Davy Chiu

Project/Product Manager

Evan Solomon
Marc Brouillard

Chief Technology Officer

Mélanie Joly
Pablo Rodriguez

Minister of Canadian Heritage