
National Bank of Canada
600 Rue de La Gauchetière Ouest, Montréal, QC, H3B 4L2, Canada
Overview
Founded in Quebec City in 1859, the Bank has grown while striving to always earn the trust of its various stakeholders and contribute to the development of the communities it serves. Through a series of mergers and acquisitions over the course of its history, National Bank Financial Group has grown to become a powerful integrated financial group and Quebecâ€:tm:s leading bank. National Bank Financial Group is firmly committed to continuing deployment of its One client, one bank vision, which is aimed at giving clients access to the same exceptional service, whatever their point of entry to the Financial Group, and ensuring that our efforts are even more focused on client satisfaction.
- Total investments
- 26
- Lead investments
- 4
- Investments · 12mo
- 8
- Active investors
- 11
Sector focus
- Banking
- Finance
- Financial Services
Investment portfolio
- DataBank
Participated · Debt Financing · Jun 2026
DataBank operates large data center campuses and is expanding its roughly 300-acre Red Oak campus south of Dallas. At full buildout the Red Oak site is planned to include eight two-story data centers, each offering about 200,000 square feet of data center space; the fourth building will add approximately 60 megawatts of IT capacity. The company serves hyperscale, cloud and enterprise customers and is pursuing growth through both development and acquisitions. DataBank has secured significant project financing for Red Oak, including $2 billion in April and an additional $650 million announced in this financing round, bringing total loan commitments for the campus to $2.65 billion. The firm also added an $800 million revolver to support capital expenditures and corporate needs, strengthening its capital structure for continued expansion. Dallas remains a leading data center market, supporting demand for DataBank’s capacity growth.
- Sardine
Led · Series C · May 2026
Sardine, headquartered in San Francisco, offers an agentic risk platform that unifies data across risk teams to stop fraud in real time, prevent AI-driven attacks, and automate fraud and AML operations. Its platform leverages device intelligence and real-time risk scoring and is used by customers across retail, commercial, and wealth lines. Sardine’s fraud consortium profiles over 6 billion devices, 800 million consumers, and 3 million businesses worldwide. The company counts customers such as FIS, GoDaddy, Intuit, Edward Jones, ZoomInfo, and Checkout.com and is expanding its footprint in financial services. Recent commercial momentum includes a multi-year partnership with National Bank of Canada, which followed a live evaluation demonstrating improved fraud detection and reduced false positives.
- Rockit Motors
Participated · Equity · Apr 2026
Rockit Motors manufactures electric motors, generators, stators, rotors and related components for OEMs and Tier 1 suppliers in power generation, rail, e-mobility and industrial sectors. The company operates facilities in the United States, Canada and Mexico and positions itself as a scalable North American production partner for customers launching or transferring electric motor and generator production. In 2025 Rockit acquired Motors Coils Mfg. Ltd. to strengthen its rail traction motor aftermarket services. Management says recent financing of more than US $47 million will be used for co-investments in tooling, machinery and equipment and for strategic hiring across Sales, Engineering and Program Management to support growth. Rob Briscoe remains the majority owner and CEO, and the company has emphasized accelerating its North American expansion and manufacturing capabilities with support from its new financial partners.
- Spade
Participated · Series B · Mar 2026
Spade builds a transaction-enrichment platform that matches raw payment data to a proprietary merchant database, delivering verified merchant intelligence with high coverage and accuracy. The platform offers real-time enrichment via low-latency APIs (P99 under 40ms) and provides granular attributes like geolocation and verified merchant categories. Spade’s foundation powers workflows across authorization decisioning, rewards attribution, analytics, and AI initiatives, and more than 85% of customers use it for multiple mission-critical functions. The company reported 470% year-over-year revenue growth and processed up to 1.9 billion transactions daily, serving customers including Stripe, Bilt, and Mercury. Going forward, Spade intends to expand from enrichment into a full payments intelligence platform that enables customers to create, manage, and automate business workflows.
- Mangrove Lithium
Participated · Debt Financing · Jan 2026
Mangrove Lithium is commercializing a feedstock-flexible electrochemical refining process that converts various lithium inputs into battery-grade lithium hydroxide or lithium carbonate, aiming to cut costs, carbon intensity, and waste relative to conventional methods. Proceeds from its latest raise will fund commissioning of a 1,000-tonne-per-year "Single Stack Plant" in Delta, British Columbia, expected to supply material for about 25,000 electric vehicles annually. The company is also conducting early engineering and site selection for a full-scale facility with up to 20,000-tonne annual capacity—enough for more than 500,000 EVs. By expanding onshore refining, Mangrove seeks to bolster Western battery-materials supply chains and lessen dependence on overseas processing. Existing strategic and financial backers include Breakthrough Energy Ventures, BMW i Ventures, Mitsubishi Corporation, Asahi Kasei, Orion Industrial Ventures, Export Development Canada, and BDC Capital. The firm’s technology and expansion plans position it at the intersection of cleantech manufacturing incentives and growing lithium demand for EV batteries. No revenue or user metrics were disclosed in the article.