# BEST Funds: portfolio, investments and team

> BEST Funds is a vc firm based in Canada. 17 investments on record, latest Nov 2015. Portfolio, stages, co-investors and team.

Source: https://millionrounds.com/fund/b-e-s-t-funds (Millionrounds; every figure on the page links to its filing or article)

Canada · [Investor](https://millionrounds.com/investors)

# BEST Funds

Last cheque observed Nov 2015. Silence since then is not evidence of inactivity: our sources miss unannounced rounds.

Email

Quiet VC firm

Seed Series A Series B Software Cloud Computing Financial Services

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Cheques on record

**0%** of best year **0** **cheques in 12 months**, 17 on record

Since the last cheque **4003** days **00** hrs **00** min **00** sec

Median round **$3.1M** Rounds led **0 of 17** Sole investor **13 rounds** Exits **1 from the portfolio** Mostly in **Canada, 94%**

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## BEST Funds highlights

- 01 17 rounds on record
- 02 Mostly Venture and Series A: 53% of its rounds
- 03 Sole investor in 13 rounds, median $3.0M
- 04 1 exits from the portfolio

## What they do

> Our experienced team of investors and advisors work closely with entrepreneurs to provide capital, strategic guidance, and industry connections to help them reach their full potential during all stages of their growth journey. From their own website

- **Type:** VC firm (from a list, unverified)
- **Cheque size:** Not stated
- **Stages:** Seed Series A Series B Growth
- **Sectors:** Software Cloud Computing Financial Services
- **Based in:** Toronto, Canada
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **17 appearances**

- **2015** 2 rounds
- **Nov** **[ZoneTV](https://millionrounds.com/company/zonetv)** Seed · CA **$3.1M** Sole investor
- **Jul** **[GroupBy Inc.](https://millionrounds.com/company/groupby-inc)** Venture · CA **$3.0M** Sole investor
- **2014** 3 rounds
- **May** **[Dejero Labs Inc.](https://millionrounds.com/company/dejero-labs-inc)** Venture · CA **$4.5M** Sole investor
- **Feb** **[XipLink](https://millionrounds.com/company/xiplink)** Series A · CA **$1.5M** Sole investor
- **Feb** **[PitchPoint Solutions](https://millionrounds.com/company/pitchpoint-solutions)** CA **$2.7M** Sole investor
- **2013** 5 rounds
- **Sept** **[SKURA](https://millionrounds.com/company/skura)** Debt · CA · finsmes.com **$3.0M** Sole investor
- **Sept** **[ERMS Corporation](https://millionrounds.com/company/erms-corporation)** Series B · CA · finsmes.com **$3.5M** Sole investor
- **Aug** **[TeamBuy](https://millionrounds.com/company/teambuy)** Series A · CA · finsmes.com **$5.0M** Sole investor
- **Jul** **[Intelligent Mechatronic Systems](https://millionrounds.com/company/intelligent-mechatronic-systems)** Debt · CA · finsmes.com **$4.0M** Sole investor
- **Jul** **[AcuityAds](https://millionrounds.com/company/acuityads)** Debt · US · finsmes.com **$3.0M** Sole investor
- **2011** 1 round
- **Dec** **[DisclosureNet Inc.](https://millionrounds.com/company/disclosurenet-inc)** Venture · CA · finsmes.com **$7.0M** Sole investor
- **2010** 1 round
- **May** **[DisclosureNet Inc.](https://millionrounds.com/company/disclosurenet-inc)** Series B · CA · disclosurenet.com **$3.0M** With 1 other
- **2008** 1 round
- **Apr** **[GridIron Software](https://millionrounds.com/company/gridiron-software)** Venture · CA · bestfunds.ca **$533K** Sole investor
- **2005** 3 rounds
- **May** **[Agile Systems](https://millionrounds.com/company/agile-systems)** Venture · CA · agile-systems.com **$7.0M** With 4 others
- **Apr** **[Coreworx](https://millionrounds.com/company/coreworx)** Series B · CA **$8.7M** With 6 others
- **Feb** **[AssetMetrix Corporation](https://millionrounds.com/company/assetmetrix-corporation)** Series A · CA · thefreelibrary.com **$3.0M** Sole investor
- **2002** 1 round
- **Oct** **[DragonWave](https://millionrounds.com/company/dragonwave)** Series C · CA **$8.3M** With 2 others

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

## The team

We hold **3** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

## Exits from the portfolio

Companies it backed that were later bought or listed **1 in all**

**[AssetMetrix Corporation](https://millionrounds.com/company/assetmetrix-corporation)** Bought by [Microsoft](https://millionrounds.com/fund/microsoft) **Undisclosed** Apr 2006

An exit counts when it came after the firm's first round in the company. From historical deal records.

## Companies it bought

Acquisitions by the firm itself

**Axis Capital Corp** **Undisclosed** Jan 2006

## The cheque

Seed Series A Series B

Median round joined **$3.1M** the round, not its cheque Alone, median **$3.0M**

Led 0 of 17 rounds **0%**

- **Sole investor:** 13 rounds
- **Last cheque:** Nov 2015
- **Exits:** 1 from the portfolio

Rounds by stage said on their site

- Venture *5*
- Series A said *3*
- Debt *3*
- Series B said *3*
- Seed said *1*
- Growth said *-*

Cheques by year Led Joined

2002 2015

Often in the room with

- [Roynat Equity Partners](https://millionrounds.com/fund/roynat-capital) 3
- [Covington Group](https://millionrounds.com/fund/covington-group) 2

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## Who they invest alongside

The investors most often in the same rounds as BEST Funds. A count of rooms they were both in, not a relationship either has claimed.

[**Roynat Equity Partners** VC firm **3** rounds together](https://millionrounds.com/fund/roynat-capital)[**Covington Group** VC firm **2** rounds together](https://millionrounds.com/fund/covington-group)

## Quick answers about BEST Funds

### What does BEST Funds invest in?

BEST Funds invests most often at Venture and Series A (53% of the rounds on record), in sectors such as Software, Cloud Computing and Financial Services.

### How active is BEST Funds?

17 investments on record, 0 of them in the last 12 months. The most recent was in Nov 2015.

### How big are BEST Funds's cheques?

The median round it joins is $3.1M.

### Does BEST Funds lead rounds?

Rarely, if at all: none of its 17 investments on record names it as the lead.

### Where does BEST Funds invest?

Most of the companies it backs are in Canada (94%) and the United States (6%).

### Is BEST Funds investing now?

No investments in the last 12 months; the latest was in Nov 2015.

### Who does BEST Funds invest alongside?

Most often Roynat Equity Partners (3 rounds together) and Covington Group (2 rounds together).

### What kind of investor is BEST Funds?

BEST Funds is a VC firm based in Toronto, Canada.

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