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The Venture Codex

Waterpoint Lane

168 Morse St., Toronto, ON, M4M 2P8, Canada

Overview

Waterpoint Lane (WPL) is focused on growth stage investments (targeted to be in the C$500k-C$5M range) in companies beyond the commercialization stage in primary production, disruptive technology and services and consumer product businesses that focus on and promote sustainable practices throughout the food supply chain.

Total investments
7
Lead investments
2
Investments · 12mo
1
Active investors
1

Sector focus

  • Agriculture
  • AgTech
  • Farming
  • Food and Beverage
  • Organic Food
  • Sustainability
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Investment portfolio

  • Relocalize

    Participated · Seed · Apr 2026

    Relocalize develops autonomous, robotics- and AI-driven micro‑factories that manufacture 100% water‑based cold packs for last‑mile deliveries in food and pharmaceutical cold chains. The company is moving from initial pilot projects to commercial deployment, beginning with the construction of its first micro‑factory in Montreal. It has signed a confidential supply agreement with a major food cold‑chain customer to support rollout. Leadership includes CEO and cofounder Wayne McIntyre, who framed the Montreal facility as both a supply hub and a demonstration of the technology. Relocalize announced financing to support deployment, including a $7M seed extension and structured deployment capital from CVW Sustainable Royalties that can total up to $22.5M.

  • Verdi Expeditions

    Participated · Seed · May 2025

    Verdi raised CAD$6.5M in seed funding to expand its irrigation automation offerings. The company, led by CEO Arthur Chen and based in Vancouver, provides modern automation tools and patented retrofit devices that automate irrigation and maintenance on existing farm infrastructure. Verdi says its technology helps farmers save labor, reduce inputs and increase yields and is used by the largest food producers. The company plans to use the funds to expand into new regions, advance its AI-powered platform and deepen relationships with major agribusinesses. Management frames these initiatives as driving automation at scale and building infrastructure for a more climate-resilient food system. The seed brings Verdi's total funding to CAD$9.5M. Verdi builds a scalable platform for farm automation and personalized plant healthcare, using intelligent devices that transform existing irrigation equipment into AI-powered systems. Its technology enables automated operations that boost crop and workforce productivity while reducing technology adoption costs. Verdi counts customers among the world’s largest food brands and in 2023 saved its customers over 30 million liters of water. Founded in 2020 by Canadian entrepreneurs Arthur Chen and Roman Kozak, the company is focused on scaling internationally. Verdi plans to enhance its AI capabilities and expand geographic reach through a strategic collaboration with NEC X and integration with NEC’s CropScope initiative. Entry into NEC X’s Elev X! Boost program is intended to provide capital, strategic partnerships and integrations with NEC’s tech ecosystem to accelerate growth.

  • 4T2 Sensors

    Participated · Seed · Jan 2025

    4T2 Sensors develops sensor technology that analyses fluids in real-time using electrical signals to detect concentration, contamination, and mixture components. The sensor enables real-time control and optimisation of Clean-in-Place (CIP) processes for food and beverage manufacturers, with users experiencing on average a 20% reduction in CIP time. The company says this capability can increase efficiency and reduce water and chemical waste, helping F&B firms meet ESG requirements. Founded in 2018 in Birmingham by Max Swinbourne and Dr. Alexander Smith, 4T2 is focused on commercialising its fluid-analysis sensor for industrial applications. The recent £796K seed investment will fund market expansion, product development and regulatory steps such as obtaining ATEX certification for hazardous environments. Planned hires include product managers, application engineers, and hardware engineers to accelerate product development and market reach.

  • MyLand Company

    Led · Series B · Nov 2022

    MyLand provides a Soil-as-a-Service that delivers live, native microalgae directly into soil on a continuous basis to improve physical, chemical, and biological soil traits. Its service targets increases in soil organic matter, water holding capacity, soil aggregation, and carbon storage to produce healthier soil and crops. The company pairs a farmer-focused service with installed systems for large growers and is commercializing a regenerative agriculture process. Recent financing will fund expansion and strengthen innovation activities. MyLand plans to scale its footprint across California, Arizona, Texas, Florida, and the Pacific Northwest. Growers reported reduced fertilizer use, extended irrigation intervals, and improved plant growth after adopting the service, and the company says the closing leaves it in a strong financial position to fuel growth and commercialization. MyLand delivers a Soil-as-a-Service product via its Thrive Systems, which connect to growers' irrigation and continuously produce and deliver live, native microalgae into the soil. The microalgae are intended to rapidly improve the physical, chemical, and biological traits of soil, supporting regenerative and sustainable agriculture. The company announced a financing agreement with CSC Leasing to support deployment and scale field installations. The leasing facility will initially cover up to an additional 35,000 acres, with the possibility for significant additional expansion through the partnership. MyLand frames the CSC Leasing relationship as a key component of its financing strategy to expand its installed base and advance regenerative-agriculture adoption.

  • Provision Analytics

    Participated · Equity · Jan 2022

    Provision Analytics offers a SaaS platform that simplifies food safety audits and analytics by capturing process data with dynamic digital forms featuring translation, autofill, and error checks. The software automates inventory and supplier management and streams each client's data into a central cloud for real-time process analytics and faster audit completion. Customizable record templates include automatic schedules, rules, and alerts to aid process control and to unlock custom analytics for intelligent process control. The company was founded in Copenhagen, built in Calgary, and graduated from Maersk FoodTrack in 2018; it has been described as one of Canada’s fastest-growing tech companies. Provision currently employs around 25 people and plans to use new funding to accelerate product development and expand sales. The startup intends to grow its workforce by about 50 percent over the next year. Provision Analytics develops OneTrace, a food safety and traceability software platform that uses a graph database and machine learning to correlate food-supply data and limit the scope and cost of recalls. Its product includes a custom form builder for capturing operational data such as employee temperatures and symptoms to track who touched what. The company completed two pilots in spring and signed its first enterprise clients in August, then sold aggressively through Q4 2019. Management says the platform is focused on fresh produce and grains given the company’s regional strengths. Provision positions its offering as a faster, lower-cost alternative to blockchain for traceability and aims to become the QuickBooks for food safety for companies with under $500 million in revenue. The company raised funding to build out its digital tool and expand its analytics capabilities.

Team