# FedDev: portfolio, investments and team

> FedDev is a vc firm based in Canada. 77 investments on record, 11 in the last 12 months, latest Jul 2026. Portfolio, stages, co-investors and team.

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

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

# FedDev

Last cheque observed Jul 2026; 77 cheques on record.

Deploying now VC firm

Pre-seed Seed Series A Software Travel

Deploying now

**48%** of best year **11** **cheques in 12 months**, 77 on record

Since the last cheque **117** days **00** hrs **00** min **00** sec

Median round **$1.3M** Rounds led **0 of 77** Sole investor **40 rounds** Mostly in **Canada, 98%**

Pitch FedDev

## FedDev highlights

- 01 11 cheques in the last 12 months
- 02 Mostly Grant and Debt: 70% of its rounds
- 03 Sole investor in 40 rounds, median $1.0M

## What they do

- **Type:** VC firm (from a list, unverified)
- **Cheque size:** Not stated
- **Stages:** Pre-seed Seed Series A Series B
- **Sectors:** Software Travel
- **Based in:** Canada
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **77 appearances**

- **2026** 7 rounds
- **Jul** **[Resiliocs Intelligence](https://millionrounds.com/company/resiliocs-intelligence)** Grant · CA **$53K** With 3 others
- **Jun** **[Tulong Tech](https://millionrounds.com/company/tulong-tech)** Grant · CA **$393K** Sole investor
- **May** **[Esphera SynBio](https://millionrounds.com/company/esphera-synbio)** Seed · CA **$366K** With 1 other
- **Jan** **[Quantum Bridge](https://millionrounds.com/company/quantum-bridge)** Debt · CA **$1.9M** With 2 others
- **Jan** **[Kit Steel](https://millionrounds.com/company/kit-steel)** Grant · CA **$472K** Sole investor
- **Jan** **[Imagoh Foods](https://millionrounds.com/company/imagoh-foods)** Debt · CA **$1.1M** Sole investor
- **Jan** **[GH power](https://millionrounds.com/company/gh-power)** Debt · CA **$1.4M** Sole investor
- **2025** 22 rounds
- **Dec** **[Skkynet](https://millionrounds.com/company/skkynet)** Grant · CA **$755K** Sole investor
- **Dec** **[Coralus](https://millionrounds.com/company/coralus)** Grant · CA **$2.0M** Sole investor
- **Dec** **[Sky Acoustics](https://millionrounds.com/company/sky-acoustics)** Grant · CA **$726K** Sole investor
- **Nov** **[Clear Blue Technologies](https://millionrounds.com/company/clear-blue-technologies)** CA **$855K** With 2 others
- **Oct** **[Tailored Genes](https://millionrounds.com/company/tailored-genes)** Grant · CA **$1.0M** Sole investor
- **Sept** **[GreenMantra Technologies](https://millionrounds.com/company/greenmantra-technologies)** Debt · CA **$10M** With 3 others
- **Sept** **[Syngli](https://millionrounds.com/company/syngli)** Seed · CA **$24K** With 2 others
- **Aug** **[Axe Living](https://millionrounds.com/company/axe-living)** Grant · CA **$1.5M** Sole investor
- **Aug** **[Arctic Acres](https://millionrounds.com/company/arctic-acres)** Grant · CA **$1.1M** Sole investor
- **Jul** **[Skygauge](https://millionrounds.com/company/skygauge)** Venture · CA **Undisclosed** With 4 others
- **Jun** **[Vector Institute](https://millionrounds.com/company/vector-institute)** Grant · CA **$2.6M** With 5 others
- **Mar** **[FactR](https://millionrounds.com/company/factr)** Grant · CA **$800K** Sole investor
- **Mar** **[Off2Class](https://millionrounds.com/company/off2class)** Grant · CA **$800K** With 1 other
- **Mar** **[Loop](https://millionrounds.com/company/loop)** Grant · US **$750K** Sole investor
- **Mar** **[A.U.G. Signals](https://millionrounds.com/company/a-u-g-signals)** Grant · CA **$3.2M** Sole investor
- **Mar** **[GoFleet](https://millionrounds.com/company/gofleet)** Grant · CA **$2.7M** Sole investor
- **Mar** **[Opifiny](https://millionrounds.com/company/opifiny)** Grant · CA **$800K** Sole investor
- **Mar** **[Monsters Aliens Robots Zombies](https://millionrounds.com/company/monsters-aliens-robots-zombies)** Grant · CA **$1.0M** Sole investor
- **Feb** **[Proventus Global](https://millionrounds.com/company/proventus-global)** Grant · CA **$846K** Sole investor
- **Jan** **[Cedar Valley Selections](https://millionrounds.com/company/cedar-valley-selections)** Grant · CA **$1.0M** Sole investor
- **Jan** **[Esphera SynBio](https://millionrounds.com/company/esphera-synbio)** Seed · CA **$2.0M** Sole investor
- **Jan** **[DMZ](https://millionrounds.com/company/dmz)** Grant · CA **$2.4M** Sole investor
- **2024** 7 rounds
- **Nov** **[Toronto Global](https://millionrounds.com/company/toronto-global)** Grant · CA **$5.0M** Sole investor
- **Oct** **[Virica Biotech](https://millionrounds.com/company/virica-biotech)** Venture · CA **Undisclosed** Sole investor
- **Jul** **[Lytica](https://millionrounds.com/company/lytica)** Venture · CA **$5.0M** Sole investor
- **Jul** **[Aethon Aerial](https://millionrounds.com/company/aethon-aerial)** Debt · CA **$1.8M** Sole investor
- **May** **[KA Imaging](https://millionrounds.com/company/ka-imaging)** Venture · CA **Undisclosed** With 1 other
- **Apr** **[Equispheres](https://millionrounds.com/company/equispheres)** Series B · CA **$15M** With 2 others
- **Jan** **[ventureLAB](https://millionrounds.com/company/venturelab)** Grant · CA **$4.5M** With 1 other
- **2023** 20 rounds
- **Oct** **[GetQuorum](https://millionrounds.com/company/getquorum)** Grant · CA **$1.5M** With 1 other
- **Sept** **[GrowerIQ](https://millionrounds.com/company/groweriq)** Grant · CA **$803K** With 2 others
- **Sept** **[Hydrogen Optimized](https://millionrounds.com/company/hydrogen-optimized)** Debt · CA **$3.5M** With 1 other
- **Jul** **[Creyos](https://millionrounds.com/company/creyos)** Debt · CA **$1.5M** 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 cheque

Pre-seed Seed Series A

Median round joined **$1.3M** the round, not its cheque Alone, median **$1.0M**

Led 0 of 77 rounds **0%**

- **Sole investor:** 40 rounds
- **Last cheque:** Jul 2026

Rounds by stage said on their site

- Grant *40*
- Debt *12*
- Venture *11*
- Seed said *6*
- Series A said *3*
- Series B said *2*
- Pre-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) 8
- [Ontario Centres of Excellence](https://millionrounds.com/fund/ontario-centres-of-excellence) 6
- [MaRS Investment Accelerator Fund](https://millionrounds.com/fund/mars-investment-accelerator-fund) 5
- [Export Development Canada](https://millionrounds.com/fund/export-development-canada) 4
- [Sustainable Development Technology Canada](https://millionrounds.com/fund/sustainable-development-technology-canada) 4
- [Accelerator Centre](https://millionrounds.com/fund/accelerator-centre) 3

**Pitching FedDev?** 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 FedDev. A count of rooms they were both in, not a relationship either has claimed.

[**BDC Capital** VC firm **8** rounds together](https://millionrounds.com/fund/bdc-venture-capital)[**Ontario Centres of Excellence** VC firm **6** rounds together](https://millionrounds.com/fund/ontario-centres-of-excellence)[**MaRS Investment Accelerator Fund** VC firm **5** rounds together](https://millionrounds.com/fund/mars-investment-accelerator-fund)[**Export Development Canada** Government **4** rounds together](https://millionrounds.com/fund/export-development-canada)[**Sustainable Development Technology Canada** VC firm **4** rounds together](https://millionrounds.com/fund/sustainable-development-technology-canada)[**Accelerator Centre** Accelerator **3** rounds together](https://millionrounds.com/fund/accelerator-centre)[**DMZ** Accelerator **3** rounds together](https://millionrounds.com/fund/dmz-ventures)[**National Research Council of Canada Industrial Research Assistance Program** VC firm **3** rounds together](https://millionrounds.com/fund/national-research-council-of-canada-industrial-research-assi)[**Archangel Network Of Funds** VC firm **2** rounds together](https://millionrounds.com/fund/archangel-network-of-funds-axion-fund)[**GreenSky Ventures** VC firm **2** rounds together](https://millionrounds.com/fund/greensky-ventures)[**Ontario Centre of Innovation** VC firm **2** rounds together](https://millionrounds.com/fund/ontario-centre-of-innovation)[**Y Combinator** Accelerator **2** rounds together](https://millionrounds.com/fund/y-combinator)

## Recently backed

The latest companies FedDev put money into.

[**Resiliocs Intelligence** $53K · Jul 2026](https://millionrounds.com/company/resiliocs-intelligence)[**Kit Steel** $472K · Jan 2026](https://millionrounds.com/company/kit-steel)[**Imagoh Foods** $1.1M · Jan 2026](https://millionrounds.com/company/imagoh-foods)[**GH power** $1.4M · Jan 2026](https://millionrounds.com/company/gh-power)[**Skkynet** $755K · Dec 2025](https://millionrounds.com/company/skkynet)[**Coralus** $2.0M · Dec 2025](https://millionrounds.com/company/coralus)

## Quick answers about FedDev

### What does FedDev invest in?

FedDev invests most often at Grant and Debt (70% of the rounds on record), in sectors such as Software and Travel.

### How active is FedDev?

77 investments on record, 11 of them in the last 12 months. The most recent was in Jul 2026.

### What has FedDev invested in recently?

Its most recent investments on record: Resiliocs Intelligence (Grant, Jul 2026), Tulong Tech (Grant, Jun 2026) and Esphera SynBio (Seed, May 2026).

### How big are FedDev's cheques?

The median round it joins is $1.3M.

### Does FedDev lead rounds?

Rarely, if at all: none of its 77 investments on record names it as the lead.

### Where does FedDev invest?

Most of the companies it backs are in Canada (98%).

### Is FedDev investing now?

Yes: it is actively investing, with 11 investments in the last 12 months.

### Who does FedDev invest alongside?

Most often BDC Capital (8 rounds together), Ontario Centres of Excellence (6 rounds together) and MaRS Investment Accelerator Fund (5 rounds together).

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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=feddev) · [Is this your firm? Claim it](https://millionrounds.com/claim?org=feddev)