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The Venture Codex

Overview

Government resource for research, development, and technology innovation.

Founded

1916

Deals ยท 12mo

4

Stage focus

Grant

Geographic focus

Canada

Sector focus

Government
Non Profit
Social

Investment portfolio

66rounds
NAMEDATESIZE
Carbicrete
Jun 2026Led
$1 MGrant
Questor Technology
Apr 2026Led
$2 MOther Equity
Nfinite Nanotech
Dec 2025Led
$3 MOther Equity
Emovi
Nov 2025Led
$0.01 MGrant
Reusables.com
Aug 2025Led
$0.09 MGrant
Metafold 3D
Jul 2025Led
$0.13 MGrant
Pluvo
Jun 2025Led
$0.09 MGrant
Vivid Machines
May 2025Led
$0.03 MGrant
Metafold 3D
May 2025Led
$0.02 MGrant
Pluvo
Apr 2025Led
$0.03 MGrant
Pluvo
Apr 2025Led
$0.05 MGrant
AssistIQ
Feb 2025Led
$0.07 MGrant
Carbicrete
Jun 2026Led
$1 MGrant
Questor Technology
Apr 2026Led
$2 MOther Equity
Nfinite Nanotech
Dec 2025Led
$3 MOther Equity
Emovi
Nov 2025Led
$0.01 MGrant
Reusables.com
Aug 2025Led
$0.09 MGrant
Metafold 3D
Jul 2025Led
$0.13 MGrant
Pluvo
Jun 2025Led
$0.09 MGrant
Vivid Machines
May 2025Led
$0.03 MGrant
Metafold 3D
May 2025Led
$0.02 MGrant
Pluvo
Apr 2025Led
$0.03 MGrant
Pluvo
Apr 2025Led
$0.05 MGrant
AssistIQ
Feb 2025Led
$0.07 MGrant
66
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Insights

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Deal Distribution

National Research Council of Canada: 66 funding rounds are recorded in the selected participation categories.All available history.
National Research Council of Canada: 66 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed02
Other Equity95
Grant500

Monthly Deal Activity

National Research Council of Canada: 66 deals are recorded across 211 months.All available history.
National Research Council of Canada: 66 deals are recorded across 211 months. All available history
MonthDeals
Apr '091
May '090
Jun '090
Jul '090
Aug '091
Sep '090
Oct '090
Nov '090
Dec '090
Jan '100
Feb '100
Mar '100
Apr '100
May '100
Jun '100
Jul '100
Aug '100
Sep '100
Oct '100
Nov '100
Dec '100
Jan '110
Feb '110
Mar '110
Apr '110
May '110
Jun '110
Jul '110
Aug '112
Sep '110
Oct '110
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 '130
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 '140
Aug '140
Sep '140
Oct '140
Nov '140
Dec '140
Jan '150
Feb '150
Mar '150
Apr '150
May '150
Jun '150
Jul '150
Aug '150
Sep '150
Oct '150
Nov '150
Dec '150
Jan '161
Feb '160
Mar '160
Apr '160
May '160
Jun '160
Jul '160
Aug '160
Sep '160
Oct '160
Nov '160
Dec '160
Jan '170
Feb '170
Mar '171
Apr '171
May '170
Jun '170
Jul '171
Aug '170
Sep '170
Oct '170
Nov '170
Dec '170
Jan '180
Feb '180
Mar '180
Apr '180
May '180
Jun '180
Jul '183
Aug '180
Sep '181
Oct '182
Nov '181
Dec '180
Jan '190
Feb '190
Mar '190
Apr '190
May '190
Jun '190
Jul '191
Aug '191
Sep '192
Oct '191
Nov '190
Dec '190
Jan '200
Feb '200
Mar '200
Apr '204
May '200
Jun '202
Jul '203
Aug '200
Sep '200
Oct '201
Nov '200
Dec '200
Jan '210
Feb '210
Mar '210
Apr '210
May '210
Jun '213
Jul '210
Aug '210
Sep '210
Oct '210
Nov '210
Dec '211
Jan '220
Feb '220
Mar '220
Apr '220
May '220
Jun '221
Jul '221
Aug '221
Sep '221
Oct '222
Nov '222
Dec '221
Jan '230
Feb '230
Mar '230
Apr '231
May '230
Jun '230
Jul '230
Aug '231
Sep '230
Oct '230
Nov '231
Dec '231
Jan '240
Feb '241
Mar '240
Apr '242
May '241
Jun '241
Jul '240
Aug '241
Sep '241
Oct '240
Nov '240
Dec '240
Jan '250
Feb '251
Mar '250
Apr '252
May '252
Jun '251
Jul '251
Aug '251
Sep '250
Oct '250
Nov '251
Dec '251
Jan '260
Feb '260
Mar '260
Apr '261
May '260
Jun '261
Jul '260
Aug '260
Sep '260
Oct '260

Sector Breakdown

National Research Council of Canada: Health & Life Sciences is the largest displayed sector by deal count (22 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.

National Research Council of Canada: Health & Life Sciences is the largest displayed sector by deal count (22 deals). All available history
SectorDeals
Health & Life Sciences22
Enterprise Software21
AI & Machine Learning18
Clean Energy & Sustainability12
Space & Frontier Tech9
Data, Analytics & IT8
Food & Agriculture8
Networks, Cloud & Communication7
Manufacturing7
Real Estate & Construction5
Transportation & Logistics5
Professional Services5
AR/VR4
Fintech3
Hardware & Robotics2
Marketing & Advertising2
E-Commerce & Retail1
Gaming & eSports1
Developer Tools1

Deal Size Distribution

National Research Council of Canada: 66 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.

National Research Council of Canada: 66 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M62
$5M-$10M2
$10M-$25M0
$25M-$50M1
$50M-$100M0
$100M-$250M1
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

National Research Council of Canada: Canada has the largest recorded deal count among the displayed regions (62 deals).All available history.

Top 3 of 3 regions; European countries are grouped as Europe.

National Research Council of Canada: Canada has the largest recorded deal count among the displayed regions (62 deals). All available history
RegionDeals
Canada62
United States3
V6t 1z31
National Research Council of Canada: 20 co-investors are shown, with MITACS 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.

Investment Strategy

National Research Council of Canada: Led accounts for 89% and participating for 11% of round participation.All available history.
National Research Council of Canada: Led accounts for 89% and participating for 11% of round participation. All available history
CategoryDeals (count)Share (%)
Led5989%
Participating711%
National Research Council of Canada: Single-lead accounts for 98% and co-led for 2% of lead dynamics.All available history.
National Research Council of Canada: Single-lead accounts for 98% and co-led for 2% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead5898%
Co-led12%

Team

Ademola Adekunle

Lab Scientist/Research Officer

Andrew Woo

Industrial Technology Advisor

Benoit Julien

Industrial Technology Advisor

Carolyn Watters

Chief Digital Research Officer

Patrick Therrien

Client Relationship Leader - Advanced Electronics and Photonics

Phil Kaye

Lab Scientist

Rob Whent

Industrial Technology Advisor - NRC IRAP

Robert Erdos

Team Member