# Export Development Canada: portfolio, investments and team > Export Development Canada is a government based in Canada. 162 investments on record, 32 in the last 12 months, latest Jun 2026. Source: https://millionrounds.com/fund/export-development-canada (Millionrounds; every figure on the page links to its filing or article) Canada · [Investor](https://millionrounds.com/investors) # Export Development Canada Last cheque observed Jun 2026; 162 cheques on record. Email Deploying now Government Pre-seed Seed Series A Insurtechs Insurtech Insurance Follow Export Development Canada and see its new cheques in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Ffund%2Fexport-development-canada) Deploying now **78%** of best year **32** **cheques in 12 months**, 162 on record Since the last cheque **152** days **00** hrs **00** min **00** sec Median round **$15M** Rounds led **0 of 162** Sole investor **19 rounds** Exits **3 from the portfolio** Mostly in **Canada, 98%** Pitch Export Development Canada ## Export Development Canada highlights - 01 32 cheques in the last 12 months - 02 Mostly Venture and Series B: 53% of its rounds - 03 Sole investor in 19 rounds, median $7.0M - 04 3 exits from the portfolio ## What they do - **Type:** Government (from a list, unverified) - **Cheque size:** Not stated - **Stages:** Pre-seed Seed Series A Series B Growth - **Sectors:** Insurtechs Insurtech Insurance - **Based in:** Ottawa, Canada - **Cold pitches:** Not stated ## The record Every round we can evidence, newest first **162 appearances** - **2026** 24 rounds - **Jun** **[SensorUp](https://millionrounds.com/company/sensorup)** Venture · CA **Undisclosed** With 1 other - **Jun** **[Generation Mining](https://millionrounds.com/company/generation-mining)** Debt · CA **$310M** With 2 others - **Jun** **[Ionik](https://millionrounds.com/company/ionik)** Debt · CA **$100M** With 2 others - **May** **[H 2 O Innovation Inc.](https://millionrounds.com/company/h-2-o-innovation-inc)** Debt · CA · Firms' own news pages **$200M** With 2 others - **May** **[Photonic Inc.](https://millionrounds.com/company/photonic-inc)** CA · Firms' own news pages **$200M** With 10 others - **May** **[Canada Nickel Company](https://millionrounds.com/company/canada-nickel-company)** CA **$4.5M** With 1 other - **May** **[Ranovus](https://millionrounds.com/company/ranovus)** Grant · CA **$1.1M** With 2 others - **May** **[Anaergia](https://millionrounds.com/company/anaergia)** Debt · CA **$15M** With 2 others - **May** **[SPARK Microsystems](https://millionrounds.com/company/spark-microsystems)** Grant · CA **$730K** With 3 others - **Apr** **[Nouveau Monde Graphite](https://millionrounds.com/company/nouveau-monde-graphite)** CA **$310M** Sole investor - **Apr** **[Mangrove Lithium](https://millionrounds.com/company/mangrove-lithium)** Grant · CA **$16M** With 3 others - **Apr** **[Torngat Metals](https://millionrounds.com/company/torngat-metals)** Venture · CA **$32M** With 1 other - **Apr** **[Sanctuary Cognitive Systems Corporation](https://millionrounds.com/company/sanctuary-cognitive-systems-corporation)** Venture · CA **$1.5M** With 3 others - **Mar** **[Volatus Aerospace](https://millionrounds.com/company/volatus-aerospace)** Grant · CA **$233K** With 2 others - **Mar** **[Activate Games](https://millionrounds.com/company/activate-games)** Debt · CA **$53M** With 1 other - **Feb** **[Vosker](https://millionrounds.com/company/vosker)** Debt · CA **$200M** With 4 others - **Feb** **[Canada Nickel Company](https://millionrounds.com/company/canada-nickel-company)** Debt · CA **$32M** With 1 other - **Feb** **[Hydrostor](https://millionrounds.com/company/hydrostor)** Venture · CA **Undisclosed** With 2 others - **Feb** **[Mecademic](https://millionrounds.com/company/mecademic)** Venture · CA **$15M** With 3 others - **Jan** **[Waabi](https://millionrounds.com/company/waabi)** Series C · CA · TechCrunch **$1.0B** With 17 others - **Jan** **[Mangrove Lithium](https://millionrounds.com/company/mangrove-lithium)** Debt · CA **$85M** With 2 others - **Jan** **[Niricson](https://millionrounds.com/company/niricson)** Venture · CA **Undisclosed** With 3 others - **Jan** **[EverWind Fuels](https://millionrounds.com/company/everwind-fuels)** Grant · CA **$234M** With 1 other - **Jan** **[Brickeye](https://millionrounds.com/company/brickeye)** Series B · CA · GreenSky Ventures **$10M** With 7 others - **2025** 28 rounds - **Dec** **[Vulcan Energy Resources](https://millionrounds.com/company/vulcan-energy-resources)** Debt · AU **$1.4B** With 4 others - **Dec** **[iRestify](https://millionrounds.com/company/irestify)** Venture · CA **$2.0M** With 1 other - **Dec** **[SensorUp](https://millionrounds.com/company/sensorup)** Grant · CA **$2.2M** With 2 others - **Dec** **[Brim Financial](https://millionrounds.com/company/brim-financial)** Debt · CA **$300M** With 1 other - **Dec** **[Rithmik Solutions](https://millionrounds.com/company/rithmik-solutions)** Series A · CA · Firms' own news pages **Undisclosed** With 4 others - **Nov** **[Cordelio Power](https://millionrounds.com/company/cordelio-power)** Debt · CA **$548M** With 6 others - **Nov** **[Goodleaf Farms](https://millionrounds.com/company/goodleaf-farms)** Venture · CA **$37M** With 1 other - **Nov** **[Huha](https://millionrounds.com/company/huha)** Venture · CA **$20M** Sole investor - **Oct** **[Graphite Innovation & Technologies](https://millionrounds.com/company/graphite-innovation-and-technologies)** Debt · CA **$3.6M** With 4 others - **Oct** **[Torngat Metals](https://millionrounds.com/company/torngat-metals)** Venture · CA **$11M** With 1 other - **Oct** **[Maritime Launch Services](https://millionrounds.com/company/maritime-launch-services)** Debt · CA **$10M** Sole investor - **Sept** **[Chickapea](https://millionrounds.com/company/chickapea)** Venture · CA **$3.1M** Sole investor - **Sept** **[GHGSat](https://millionrounds.com/company/ghgsat)** CA **$34M** With 2 others - **Aug** **[ORA Graphene Audio Inc.](https://millionrounds.com/company/ora-graphene-audio-inc)** Venture · CA **$1.5M** With 1 other - **Jul** **[GeologicAI](https://millionrounds.com/company/geologicai)** Series B · CA · Blue Earth Capital **$44M** With 5 others - **Jul** **[SWTCH](https://millionrounds.com/company/swtch)** Grant · CA **$368K** With 1 other 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 **10** 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. Funds they back ## 3 fund commitments on record - **Managers:** 3 Every fund on record that it has committed money to, and the managers who invest it. Source: fund news. Managers it backs most - [Bonnefield Financial Inc. 1 fund](https://millionrounds.com/fund/bonnefield-financial-inc) - [Intrepid Growth Partners 1 fund](https://millionrounds.com/fund/intrepid-growth-partners) - [Vertu Capital 1 fund](https://millionrounds.com/fund/vertu-capital) Most recent commitments - [Bonnefield Financial Inc. Bonnefield Agribusiness Fund LP I](https://millionrounds.com/fund/bonnefield-financial-inc) - [Intrepid Growth Partners inaugural fund](https://millionrounds.com/fund/intrepid-growth-partners) - [Vertu Capital Vertu Partners Fund I](https://millionrounds.com/fund/vertu-capital) ## What they claim to have backed From their own portfolio page (on their website) **0** of 6 we have independently watched raise Brokers and service providers Financial Institutions Risk Manager Portfolio Credit Insurance Trade Partnership Insurance coralus my account Weaker than a round we watched, stronger than a list somebody sold us. A firm is far less willing to put a company on its own site that it never funded. ## Exits from the portfolio Companies it backed that were later bought or listed **3 in all** **[Distech Controls](https://millionrounds.com/company/distech-controls)** Bought by [Acuity Brands](https://millionrounds.com/fund/acuity-brands) **$252M** Mar 2015 **[Neuralitic Systems](https://millionrounds.com/company/neuralitic-systems)** Bought by Guavus **Undisclosed** Jan 2013 **[BelAir Networks](https://millionrounds.com/company/belair-networks)** Bought by [Ericsson](https://millionrounds.com/fund/ericsson-ventures) **Undisclosed** Apr 2012 An exit counts when it came after the firm's first round in the company. From historical deal records. ## The cheque Pre-seed Seed Series A Median round joined **$15M** the round, not its cheque Alone, median **$7.0M** Led 0 of 162 rounds **0%** - **Sole investor:** 19 rounds - **Last cheque:** Jun 2026 - **Exits:** 3 from the portfolio Rounds by stage said on their site - Venture *42* - Series B said *23* - Debt *22* - Series A said *20* - Grant *15* - Pre-seed said *-* - Seed said *-* Cheques by month Led Joined Nov 2023 Oct 2026 Often in the room with - [BDC Capital](https://millionrounds.com/fund/bdc-venture-capital) 39 - [Creative Destruction Lab](https://millionrounds.com/fund/creative-destruction-lab) 16 - [Investissement Quebec](https://millionrounds.com/fund/investissement-quebec-2) 12 - [Y Combinator](https://millionrounds.com/fund/y-combinator) 12 - [National Bank of Canada](https://millionrounds.com/fund/national-bank-of-canada) 9 - [Inovia Capital](https://millionrounds.com/fund/inovia-capital) 8 **Pitching Export Development Canada?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque. Add to your CRM *→* ## Who they invest alongside The investors most often in the same rounds as Export Development Canada. A count of rooms they were both in, not a relationship either has claimed. [**BDC Capital** VC firm **39** rounds together](https://millionrounds.com/fund/bdc-venture-capital)[**Creative Destruction Lab** Accelerator **16** rounds together](https://millionrounds.com/fund/creative-destruction-lab)[**Investissement Quebec** Investment firm **12** rounds together](https://millionrounds.com/fund/investissement-quebec-2)[**Y Combinator** Accelerator **12** rounds together](https://millionrounds.com/fund/y-combinator)[**National Bank of Canada** Private equity **9** rounds together](https://millionrounds.com/fund/national-bank-of-canada)[**Inovia Capital** VC firm **8** rounds together](https://millionrounds.com/fund/inovia-capital)[**CIBC** VC firm **7** rounds together](https://millionrounds.com/fund/cibc)[**Royal Bank of Canada** Growth equity **6** rounds together](https://millionrounds.com/fund/royal-bank-of-canada)[**EnerTech Capital** Corporate VC **5** rounds together](https://millionrounds.com/fund/enertech-capital)[**Government of Canada** Government **5** rounds together](https://millionrounds.com/fund/government-of-canada)[**MaRS Investment Accelerator Fund** VC firm **5** rounds together](https://millionrounds.com/fund/mars-investment-accelerator-fund)[**Real Ventures** Family office **5** rounds together](https://millionrounds.com/fund/real-ventures-2) ## Recently backed The latest companies Export Development Canada put money into. [**Generation Mining** $310M · Jun 2026](https://millionrounds.com/company/generation-mining)[**Ionik** $100M · Jun 2026](https://millionrounds.com/company/ionik)[**Canada Nickel Company** $4.5M · May 2026](https://millionrounds.com/company/canada-nickel-company)[**SPARK Microsystems** $730K · May 2026](https://millionrounds.com/company/spark-microsystems)[**Nouveau Monde Graphite** $310M · Apr 2026](https://millionrounds.com/company/nouveau-monde-graphite)[**Mangrove Lithium** $16M · Apr 2026](https://millionrounds.com/company/mangrove-lithium) ## Quick answers about Export Development Canada ### What does Export Development Canada invest in? Export Development Canada invests most often at Venture and Series B (53% of the rounds on record), in sectors such as Insurtechs, Insurtech and Insurance. ### How active is Export Development Canada? 162 investments on record, 32 of them in the last 12 months. The most recent was in Jun 2026. ### What has Export Development Canada invested in recently? Its most recent investments on record: SensorUp (Venture, Jun 2026), Generation Mining (Debt, Jun 2026) and Ionik (Debt, Jun 2026). ### How big are Export Development Canada's cheques? The median round it joins is $15M. ### Does Export Development Canada lead rounds? Rarely, if at all: none of its 162 investments on record names it as the lead. ### Where does Export Development Canada invest? Most of the companies it backs are in Canada (98%). ### Is Export Development Canada investing now? Yes: it is actively investing, with 32 investments in the last 12 months. ### Who does Export Development Canada invest alongside? Most often BDC Capital (39 rounds together), Creative Destruction Lab (16 rounds together) and Investissement Quebec (12 rounds together). ## Raising now? Find the investors who back rounds like yours, and keep every conversation on one fundraising board. Find similar investorsOpen your CRM Built from the rounds we watched, its filings and its own website, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections?slug=export-development-canada) · [Is this your firm? Claim it](https://millionrounds.com/claim?org=export-development-canada)