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The Venture Codex

Real Ventures

3 Place Ville-Marie, Suite 400, Montréal, QC, H3B 2E3, Canada

Overview

Early-stage venture firm supporting daring entrepreneurs and startups.

Deals · 12mo

3

Links

WebsiteLinkedInX (Twitter)

Stage focus

Seed
Series A

Geographic focus

Canada
United States

Sector focus

Finance
Financial Services
Incubators
Venture Capital

Investment portfolio

147rounds
NAMEDATESIZE
Axya
Sep 2026Participated
$12 MSeries A
Nord Quantique
May 2026Participated
$30 MOther Equity
SPARK Microsystems
Mar 2026Led
$12 MSeries B
Tilt
Sep 2025Participated
$7 MSeed
Blumind
Apr 2025Participated
$15 MSeries A
Nomic
Sep 2024Participated
$42 MSeries B
BioIntelligence Technologies
Apr 2024Participated
$5 MOther Equity
dcbel
Aug 2023Participated
$50 MSeries B
HumanFirst
Jul 2023Participated
$4 MSeed
Eli
Apr 2023Participated
$4 MSeed
SPARK Microsystems
Mar 2023Participated
$25 MSeries B
Plum.io
Feb 2023Participated
$6 MOther Equity
Axya
Sep 2026Participated
$12 MSeries A
Nord Quantique
May 2026Participated
$30 MOther Equity
SPARK Microsystems
Mar 2026Led
$12 MSeries B
Tilt
Sep 2025Participated
$7 MSeed
Blumind
Apr 2025Participated
$15 MSeries A
Nomic
Sep 2024Participated
$42 MSeries B
BioIntelligence Technologies
Apr 2024Participated
$5 MOther Equity
dcbel
Aug 2023Participated
$50 MSeries B
HumanFirst
Jul 2023Participated
$4 MSeed
Eli
Apr 2023Participated
$4 MSeed
SPARK Microsystems
Mar 2023Participated
$25 MSeries B
Plum.io
Feb 2023Participated
$6 MOther Equity
147
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Insights

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Deal Distribution

Real Ventures: 147 funding rounds are recorded in the selected participation categories.All available history.
Real Ventures: 147 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed1642
Series A639
Series B114
Series C+01
Other Equity522
Debt10

Monthly Deal Activity

Real Ventures: 147 deals are recorded across 184 months.All available history.
Real Ventures: 147 deals are recorded across 184 months. All available history
MonthDeals
Jul '111
Aug '111
Sep '110
Oct '110
Nov '110
Dec '111
Jan '120
Feb '120
Mar '120
Apr '121
May '120
Jun '120
Jul '120
Aug '120
Sep '122
Oct '122
Nov '120
Dec '122
Jan '130
Feb '131
Mar '130
Apr '131
May '131
Jun '133
Jul '130
Aug '130
Sep '130
Oct '131
Nov '130
Dec '131
Jan '140
Feb '143
Mar '140
Apr '141
May '141
Jun '141
Jul '140
Aug '143
Sep '142
Oct '140
Nov '142
Dec '141
Jan '151
Feb '151
Mar '152
Apr '151
May '151
Jun '151
Jul '151
Aug '150
Sep '152
Oct '151
Nov '152
Dec '150
Jan '160
Feb '161
Mar '161
Apr '160
May '161
Jun '160
Jul '160
Aug '161
Sep '163
Oct '160
Nov '160
Dec '162
Jan '170
Feb '170
Mar '171
Apr '170
May '170
Jun '172
Jul '171
Aug '170
Sep '172
Oct '171
Nov '171
Dec '170
Jan '182
Feb '181
Mar '181
Apr '182
May '186
Jun '181
Jul '182
Aug '181
Sep '182
Oct '182
Nov '183
Dec '182
Jan '191
Feb '192
Mar '191
Apr '190
May '192
Jun '194
Jul '191
Aug '190
Sep '193
Oct '190
Nov '191
Dec '191
Jan '201
Feb '201
Mar '201
Apr '200
May '200
Jun '200
Jul '203
Aug '202
Sep '201
Oct '202
Nov '200
Dec '200
Jan '211
Feb '211
Mar '212
Apr '212
May '211
Jun '210
Jul '210
Aug '211
Sep '211
Oct '211
Nov '213
Dec '211
Jan '221
Feb '222
Mar '220
Apr '220
May '220
Jun '220
Jul '221
Aug '220
Sep '220
Oct '220
Nov '220
Dec '220
Jan '230
Feb '234
Mar '231
Apr '231
May '230
Jun '230
Jul '231
Aug '231
Sep '230
Oct '230
Nov '230
Dec '230
Jan '240
Feb '240
Mar '240
Apr '241
May '240
Jun '240
Jul '240
Aug '240
Sep '241
Oct '240
Nov '240
Dec '240
Jan '250
Feb '250
Mar '250
Apr '251
May '250
Jun '250
Jul '250
Aug '250
Sep '251
Oct '250
Nov '250
Dec '250
Jan '260
Feb '260
Mar '261
Apr '260
May '261
Jun '260
Jul '260
Aug '260
Sep '261
Oct '260

Sector Breakdown

Real Ventures: Enterprise Software is the largest displayed sector by deal count (66 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.

Real Ventures: Enterprise Software is the largest displayed sector by deal count (66 deals). All available history
SectorDeals
Enterprise Software66
AI & Machine Learning44
Networks, Cloud & Communication40
E-Commerce & Retail27
Data, Analytics & IT26
Fintech23
Space & Frontier Tech22
Hardware & Robotics20
Health & Life Sciences19
Marketing & Advertising18
Transportation & Logistics17
Media & Entertainment17
Manufacturing10
Cybersecurity & Privacy9
Professional Services9
Social & Community Platforms9
Real Estate & Construction8
Consumer & Lifestyle8
Travel & Hospitality7
Clean Energy & Sustainability6
Food & Agriculture6
Education & Workforce5
AR/VR4
Crypto & Blockchain2
Developer Tools2
Gaming & eSports1

Deal Size Distribution

Real Ventures: 147 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.

Real Ventures: 147 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M71
$5M-$10M30
$10M-$25M32
$25M-$50M8
$50M-$100M4
$100M-$250M2
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Real Ventures: Canada has the largest recorded deal count among the displayed regions (119 deals).All available history.

Top 6 of 6 regions; European countries are grouped as Europe.

Real Ventures: Canada has the largest recorded deal count among the displayed regions (119 deals). All available history
RegionDeals
Canada119
United States23
Europe2
322041
H2t 1x31
H2y 1p51
Real Ventures: 20 co-investors are shown, with BDC Capital sharing 24 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.

Real Ventures: 20 co-investors are shown, with BDC Capital sharing 24 recorded deals. All available history
Co-investorShared deals
BDC Capital24
Inovia Capital15
Golden Ventures8
Investissement Québec8
Panache Ventures8
Anges Québec7
Cycle Capital Management6
Data Collective5
Desjardins Capital5
MEDTEQ+5
500 Global4
BDC4
Export Development Canada4
FJ Labs4
Gradient Ventures4
OMERS Ventures4
Portage4
Relay Ventures4
Rho Ventures4
Y Combinator4

Investment Strategy

Real Ventures: Led accounts for 20% and participating for 80% of round participation.All available history.
Real Ventures: Led accounts for 20% and participating for 80% of round participation. All available history
CategoryDeals (count)Share (%)
Led2920%
Participating11880%
Real Ventures: Single-lead accounts for 59% and co-led for 41% of lead dynamics.All available history.
Real Ventures: Single-lead accounts for 59% and co-led for 41% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead1759%
Co-led1241%

Team

Craig Follett

Limited Partner (Investor)

Jean-Sebastian Cournoyer

Partner

John Stokes

Founding Partner

Katy Yam

partner

Phil G. Joseph

Associate

Pierre-Andre Meunier

Investment Committee Member

Rene Bousquet

Investor & Mentor

Sam Haffar

Partner