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The Venture Codex

NAventures

700 De La Gauchetière Street West, Montreal, Quebec, H3B 3B5, Canada

Overview

Corporate venture capital arm of National Bank of Canada.

Founded

1859

Deals · 12mo

5

Links

WebsiteLinkedInX (Twitter)

Stage focus

Series A
Series B

Geographic focus

Canada
United States

Sector focus

—

Investment portfolio

23rounds
NAMEDATESIZE
Multiverse Computing
Jul 2026Participated
$570 MSeries C
Nesto
Jun 2026Participated
$77 MSeries E
Spade
Mar 2026Participated
$40 MSeries B
Memcyco
Jan 2026Led
$37 MSeries A
Nova Credit
Oct 2025Participated
$35 MSeries D
Sardine
Feb 2025Participated
$70 MSeries C
Walnut Insurance
Aug 2024Led
$5 MOther Equity
Maxa AI
May 2024Participated
$21 MSeries A
Synctera
Mar 2023Led
$15 MOther Equity
Walnut Insurance
Dec 2022Led
$4 MSeed
Nesto
Dec 2022Participated
$80 MSeries C
Ownly
Oct 2022Participated
$3 MSeed
Multiverse Computing
Jul 2026Participated
$570 MSeries C
Nesto
Jun 2026Participated
$77 MSeries E
Spade
Mar 2026Participated
$40 MSeries B
Memcyco
Jan 2026Led
$37 MSeries A
Nova Credit
Oct 2025Participated
$35 MSeries D
Sardine
Feb 2025Participated
$70 MSeries C
Walnut Insurance
Aug 2024Led
$5 MOther Equity
Maxa AI
May 2024Participated
$21 MSeries A
Synctera
Mar 2023Led
$15 MOther Equity
Walnut Insurance
Dec 2022Led
$4 MSeed
Nesto
Dec 2022Participated
$80 MSeries C
Ownly
Oct 2022Participated
$3 MSeed
23
Items
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Insights

Time horizon

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Deal Distribution

NAventures: 23 funding rounds are recorded in the selected participation categories.All available history.
NAventures: 23 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed12
Series A34
Series B13
Series C+05
Other Equity22

Monthly Deal Activity

NAventures: 23 deals are recorded across 84 months.All available history.
NAventures: 23 deals are recorded across 84 months. All available history
MonthDeals
Nov '191
Dec '190
Jan '200
Feb '200
Mar '200
Apr '200
May '200
Jun '200
Jul '201
Aug '201
Sep '200
Oct '200
Nov '200
Dec '200
Jan '210
Feb '210
Mar '211
Apr '210
May '210
Jun '211
Jul '210
Aug '211
Sep '210
Oct '212
Nov '210
Dec '210
Jan '220
Feb '221
Mar '220
Apr '221
May '220
Jun '220
Jul '220
Aug '221
Sep '220
Oct '221
Nov '220
Dec '222
Jan '230
Feb '230
Mar '231
Apr '230
May '230
Jun '230
Jul '230
Aug '230
Sep '230
Oct '230
Nov '230
Dec '230
Jan '240
Feb '240
Mar '240
Apr '240
May '241
Jun '240
Jul '240
Aug '241
Sep '240
Oct '240
Nov '240
Dec '240
Jan '250
Feb '251
Mar '250
Apr '250
May '250
Jun '250
Jul '250
Aug '250
Sep '250
Oct '251
Nov '250
Dec '250
Jan '261
Feb '260
Mar '261
Apr '260
May '260
Jun '261
Jul '261
Aug '260
Sep '260
Oct '260

Sector Breakdown

NAventures: Fintech is the largest displayed sector by deal count (17 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.

NAventures: Fintech is the largest displayed sector by deal count (17 deals). All available history
SectorDeals
Fintech17
Enterprise Software6
AI & Machine Learning6
Real Estate & Construction5
Cybersecurity & Privacy3
Developer Tools2
Networks, Cloud & Communication2
Crypto & Blockchain2
Data, Analytics & IT2
Marketing & Advertising1
Hardware & Robotics1
AR/VR1
Professional Services1
Space & Frontier Tech1

Deal Size Distribution

NAventures: 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.

NAventures: 23 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M4
$5M-$10M4
$10M-$25M5
$25M-$50M6
$50M-$100M3
$100M-$250M0
$250M-$500M0
$500M-$1B1
$1B+0

Deals By Geography

NAventures: Canada has the largest recorded deal count among the displayed regions (12 deals).All available history.

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

NAventures: Canada has the largest recorded deal count among the displayed regions (12 deals). All available history
RegionDeals
Canada12
United States9
Europe1
Israel1
NAventures: 20 co-investors are shown, with Diagram Ventures sharing 6 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.

NAventures: 20 co-investors are shown, with Diagram Ventures sharing 6 recorded deals. All available history
Co-investorShared deals
Diagram Ventures6
National Bank of Canada6
Portage4
Andreessen Horowitz2
BDC Capital2
Desjardins Capital2
Euclidean Capital2
Hearst Ventures2
Highline Beta2
Intel Capital2
LG Technology Ventures2
Luge Capital2
OMERS Ventures2
Panache Ventures2
Team82
Torstar2
Y Combinator2
1st & Main Growth Partners1
AAF Management1
Activant Capital1

Investment Strategy

NAventures: Led accounts for 30% and participating for 70% of round participation.All available history.
NAventures: Led accounts for 30% and participating for 70% of round participation. All available history
CategoryDeals (count)Share (%)
Led730%
Participating1670%
NAventures: Single-lead accounts for 71% and co-led for 29% of lead dynamics.All available history.
NAventures: Single-lead accounts for 71% and co-led for 29% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead571%
Co-led229%

Team

Joshuah Lebacq