# Bank of Montreal (BMO): portfolio, investments and team

> Bank of Montreal (BMO) is a corporate vc based in Canada. 54 investments on record, 17 in the last 12 months, latest Jun 2026.

Source: https://millionrounds.com/fund/bmo-financial-group (Millionrounds; every figure on the page links to its filing or article)

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

# Bank of Montreal (BMO)

Last cheque observed Jun 2026; 54 cheques on record.

Deploying now Corporate VC

Growth Series B CRM CloudTech Consumer

Deploying now

**71%** of best year **17** **cheques in 12 months**, 54 on record

Since the last cheque **147** days **00** hrs **00** min **00** sec

Median round **$63M** Rounds led **0 of 54** Sole investor **19 rounds** Exits **1 from the portfolio** Mostly in **Canada, 71%**

Pitch Bank of Montreal (BMO)

## Bank of Montreal (BMO) highlights

- 01 17 cheques in the last 12 months
- 02 Mostly Debt and Venture: 86% of its rounds
- 03 Sole investor in 19 rounds, median $48M
- 04 1 exits from the portfolio

## What they do

- **Type:** Corporate VC (from a list, unverified)
- **Cheque size:** Not stated
- **Stages:** Growth Series B
- **Sectors:** CRM CloudTech Consumer
- **Based in:** Toronto, Canada
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **54 appearances**

- **2026** 13 rounds
- **Jun** **[JLL Income Property Trust](https://millionrounds.com/company/jll-income-property-trust)** Debt · US **$49M** Sole investor
- **Jun** **[Ionik](https://millionrounds.com/company/ionik)** Debt · CA **$100M** With 2 others
- **Jun** **[Deep Sky](https://millionrounds.com/company/deep-sky)** Venture · CA **Undisclosed** With 3 others
- **Jun** **[Creative Destruction Lab](https://millionrounds.com/company/creative-destruction-lab)** Grant · CA **$11M** With 2 others
- **Apr** **[Palisades Goldcorp](https://millionrounds.com/company/palisades-goldcorp)** Venture · CA **Undisclosed** Sole investor
- **Apr** **[Uranium Royalty](https://millionrounds.com/company/uranium-royalty)** CA **$40M** Sole investor
- **Mar** **[eStruxture](https://millionrounds.com/company/estruxture)** Debt · CA **$109M** With 3 others
- **Mar** **[Versamet Royalties](https://millionrounds.com/company/versamet-royalties)** Debt · CA **$293M** With 2 others
- **Mar** **[Metalla Royalty & Streaming](https://millionrounds.com/company/metalla-royalty-and-streaming)** Venture · CA **Undisclosed** With 1 other
- **Feb** **[OrganiGram](https://millionrounds.com/company/organigram)** CA **$48M** Sole investor
- **Feb** **[Cannara Biotech](https://millionrounds.com/company/cannara-biotech)** CA **$4.6M** With 2 others
- **Feb** **[Gold Royalty Corp](https://millionrounds.com/company/gold-royalty-corp)** Debt · CA **$125M** With 3 others
- **Feb** **[Logan Energy](https://millionrounds.com/company/logan-energy)** GB **$47M** With 2 others
- **2025** 12 rounds
- **Nov** **[Griffin Global Asset Management](https://millionrounds.com/company/griffin-global-asset-management)** Debt · US **$1.2B** With 2 others
- **Nov** **[Cordelio Power](https://millionrounds.com/company/cordelio-power)** Debt · CA **$548M** With 6 others
- **Nov** **[Global Net Lease](https://millionrounds.com/company/global-net-lease)** US **$300M** With 4 others
- **Nov** **[Flare](https://millionrounds.com/company/flare)** Debt · DK **$15M** With 3 others
- **Oct** **[G Mining Ventures Corp.](https://millionrounds.com/company/g-mining-ventures-corp)** Debt · CA **$278M** With 3 others
- **Sept** **[Chestnut Carbon](https://millionrounds.com/company/chestnut-carbon)** Series B · US · AlleyWatch **$90M** With 2 others
- **Sept** **[Discovery Silver](https://millionrounds.com/company/discovery-silver)** Debt · CA **$250M** With 2 others
- **Sept** **[Vox Royalty](https://millionrounds.com/company/vox-royalty)** KY **$55M** Sole investor
- **Sept** **[Stag Industrial](https://millionrounds.com/company/stag-industrial)** Debt · US **$300M** With 2 others
- **Aug** **[Clifton Blake](https://millionrounds.com/company/clifton-blake)** Debt · CA **$73M** Sole investor
- **Aug** **[eStruxture](https://millionrounds.com/company/estruxture)** Debt · CA **$450M** With 3 others
- **May** **[Alera Group](https://millionrounds.com/company/alera-group)** Debt · US **$1.0B** Sole investor
- **2024** 8 rounds
- **Dec** **[Deep Sky](https://millionrounds.com/company/deep-sky)** Grant · CA **$40M** With 3 others
- **Dec** **[Greenway Greenhouse Cannabis Corporation](https://millionrounds.com/company/greenway-greenhouse-cannabis-corporation)** US **$53K** Sole investor
- **Nov** **[Rumbu Holdings](https://millionrounds.com/company/rumbu-holdings)** Debt · CA **$2.6M** Sole investor
- **Nov** **[PopReach](https://millionrounds.com/company/popreach)** **$1.1M** Sole investor
- **Jul** **[WELL Health Technologies](https://millionrounds.com/company/well-health-technologies)** Grant · CA **$6.8M** With 4 others
- **Mar** **[StockPick](https://millionrounds.com/company/stockpick)** Venture · CA **Undisclosed** Sole investor
- **Mar** **[Lumine Group](https://millionrounds.com/company/lumine-group)** Debt · CA **$310M** With 1 other
- **Feb** **[Uranium Royalty](https://millionrounds.com/company/uranium-royalty)** CA **$23M** Sole investor
- **2023** 2 rounds
- **Oct** **[Hammerhead Resources](https://millionrounds.com/company/hammerhead-resources)** Debt · CA **$328M** Sole investor
- **Sept** **[Aurora Cannabis](https://millionrounds.com/company/aurora-cannabis)** CA **$25M** Sole investor
- **2022** 8 rounds
- **Dec** **[GoBolt](https://millionrounds.com/company/gobolt)** Series C · CA **$55M** With 2 others
- **Dec** **[GoSecure](https://millionrounds.com/company/gosecure)** Venture · US **$5.9M** With 4 others
- **Oct** **[Creative Destruction Lab (CDL)](https://millionrounds.com/company/creative-destruction-lab-cdl)** Venture **$1.6M** With 2 others
- **Jul** **[Converge Technology Solutions](https://millionrounds.com/company/converge-technology-solutions)** Debt · CA **$469M** With 2 others
- **Jun** **[Lucero Energy](https://millionrounds.com/company/lucero-energy)** Debt · CA **$180M** 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

Named by the firm itself, on a filing, its Form ADV or its company registration **6 named**

BA **Bruce Aaron Ferman** Director i Form ADV

GG **Gilles Gerard Ouellette** Director i Form ADV

IK **Ian Kenneth Narine** Chief Financial Officer i Form ADV

JZ **Joan Zabida Mohammed** Director i Form ADV

MJ **Maarten Jansen** Director and Chief Executive Officer i Form ADV

ND **Nicole Dale Borland** Chief Compliance Officer i Form ADV

We also hold **23** 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.

## What the register says

From the firm's own filings with the SEC, which it must file accurately by law

**$40B** assets it manages Oct 2026

**Registered** investment adviser full reporting to the SEC

- **Legal name:** BMO Private Investment Counsel Inc.
- **SEC number:** CRD 160344

Funds they back

## 1 fund commitment on record

- **Managers:** 1

Every fund on record that it has committed money to, and the managers who invest it. Source: fund news.

Managers it backs most

- [Radical Ventures 1 fund](https://millionrounds.com/fund/radical-ventures)

Most recent commitments

- [Radical Ventures Radical Breakouts Fund](https://millionrounds.com/fund/radical-ventures)

## Exits from the portfolio

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

**[iWeb Technologies](https://millionrounds.com/company/iweb-technologies)** Bought by Internap **$145M** Oct 2013

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

## The cheque

Growth Series B

Median round joined **$63M** the round, not its cheque Alone, median **$48M**

Led 0 of 54 rounds **0%**

- **Sole investor:** 19 rounds
- **Last cheque:** Jun 2026
- **Exits:** 1 from the portfolio

Rounds by stage said on their site

- Debt *27*
- Venture *9*
- Grant *3*
- Series B said *2*
- Series A *1*
- Growth said *-*

Cheques by month Led Joined

Nov 2023 Oct 2026

Often in the room with

- [National Bank of Canada](https://millionrounds.com/fund/national-bank-of-canada) 11
- [CIBC](https://millionrounds.com/fund/cibc) 7
- [Royal Bank of Canada](https://millionrounds.com/fund/royal-bank-of-canada) 5
- [BDC Capital](https://millionrounds.com/fund/bdc-venture-capital) 4
- [Citibank](https://millionrounds.com/fund/citi) 4
- [Export Development Canada](https://millionrounds.com/fund/export-development-canada) 4

**Pitching Bank of Montreal (BMO)?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque.

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## Who they invest alongside

The investors most often in the same rounds as Bank of Montreal (BMO). A count of rooms they were both in, not a relationship either has claimed.

[**National Bank of Canada** Private equity **11** rounds together](https://millionrounds.com/fund/national-bank-of-canada)[**CIBC** VC firm **7** rounds together](https://millionrounds.com/fund/cibc)[**Royal Bank of Canada** Growth equity **5** rounds together](https://millionrounds.com/fund/royal-bank-of-canada)[**BDC Capital** VC firm **4** rounds together](https://millionrounds.com/fund/bdc-venture-capital)[**Citibank** Growth equity **4** rounds together](https://millionrounds.com/fund/citi)[**Export Development Canada** Government **4** rounds together](https://millionrounds.com/fund/export-development-canada)[**JP Morgan** Investment bank **4** rounds together](https://millionrounds.com/fund/jpmorgan)[**La Caisse** Investment firm **3** rounds together](https://millionrounds.com/fund/la-caisse)[**Tether** Investment firm **3** rounds together](https://millionrounds.com/fund/tether)[**Alberta Innovates** Investment firm **2** rounds together](https://millionrounds.com/fund/alberta-innovates)[**Breakthrough Energy** VC firm **2** rounds together](https://millionrounds.com/fund/breakthrough-energy)[**Deutsche Bank** Corporate VC **2** rounds together](https://millionrounds.com/fund/deutsche-bank)

## Recently backed

The latest companies Bank of Montreal (BMO) put money into.

[**JLL Income Property Trust** $49M · Jun 2026](https://millionrounds.com/company/jll-income-property-trust)[**Ionik** $100M · Jun 2026](https://millionrounds.com/company/ionik)[**Deep Sky** Jun 2026](https://millionrounds.com/company/deep-sky)[**Creative Destruction Lab** $11M · Jun 2026](https://millionrounds.com/company/creative-destruction-lab)[**Palisades Goldcorp** Apr 2026](https://millionrounds.com/company/palisades-goldcorp)[**Uranium Royalty** $40M · Apr 2026](https://millionrounds.com/company/uranium-royalty)

## Quick answers about Bank of Montreal (BMO)

### What does Bank of Montreal (BMO) invest in?

Bank of Montreal (BMO) invests most often at Debt and Venture (86% of the rounds on record), in sectors such as CRM, CloudTech and Consumer.

### How active is Bank of Montreal (BMO)?

54 investments on record, 17 of them in the last 12 months. The most recent was in Jun 2026.

### What has Bank of Montreal (BMO) invested in recently?

Its most recent investments on record: JLL Income Property Trust (Debt, Jun 2026), Ionik (Debt, Jun 2026) and Deep Sky (Venture, Jun 2026).

### How big are Bank of Montreal (BMO)'s cheques?

The median round it joins is $63M.

### Does Bank of Montreal (BMO) lead rounds?

Rarely, if at all: none of its 54 investments on record names it as the lead.

### Where does Bank of Montreal (BMO) invest?

Most of the companies it backs are in Canada (71%) and the United States (21%).

### Is Bank of Montreal (BMO) investing now?

Yes: it is actively investing, with 17 investments in the last 12 months.

### Who does Bank of Montreal (BMO) invest alongside?

Most often National Bank of Canada (11 rounds together), CIBC (7 rounds together) and Royal Bank of Canada (5 rounds together).

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