# Government of Canada: portfolio, investments and team

> Government of Canada is a government based in Canada. 136 investments on record, 28 in the last 12 months, latest Sept 2026.

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

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

# Government of Canada

Last cheque observed Sep 2026; 136 cheques on record.

Deploying now Government

Grant Venture Debt FinTech Payments Government

Deploying now

**76%** of best year **28** **cheques in 12 months**, 136 on record

Since the last cheque **40** days **00** hrs **00** min **00** sec

Median round **$2.1M** Rounds led **0 of 136** Sole investor **60 rounds** Mostly in **Canada, 95%**

Pitch Government of Canada

## Government of Canada highlights

- 01 28 cheques in the last 12 months
- 02 Mostly Grant and Venture: 78% of its rounds
- 03 Sole investor in 60 rounds, median $1.4M

## What they do

- **Type:** Government (from a list, unverified)
- **Cheque size:** Not stated
- **Sectors:** FinTech Payments Government
- **Based in:** Canada
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **136 appearances**

- **2026** 23 rounds
- **Sept** **[LawZero](https://millionrounds.com/company/lawzero)** Grant · CA · BetaKit **$215M** With 2 others
- **Sept** **[Lucent BioSciences](https://millionrounds.com/company/lucent-biosciences)** Grant · CA **$1.4M** With 3 others
- **Jun** **[Creative Destruction Lab](https://millionrounds.com/company/creative-destruction-lab)** Grant · CA **$11M** With 2 others
- **Jun** **[Generation Mining](https://millionrounds.com/company/generation-mining)** Debt · CA **$310M** With 2 others
- **Jun** **[Edesa Biotech](https://millionrounds.com/company/edesa-biotech)** CA **$2.5M** With 1 other
- **Jun** **[Carbicrete](https://millionrounds.com/company/carbicrete)** Grant · CA **$705K** With 3 others
- **Jun** **[VITAL](https://millionrounds.com/company/vital)** Grant · CA **$72M** Sole investor
- **May** **[Nord Quantique](https://millionrounds.com/company/nord-quantique)** CA · TechStartups **$30M** With 8 others
- **May** **[Electra Battery Materials](https://millionrounds.com/company/electra-battery-materials)** Debt · CA **$20M** With 2 others
- **May** **[Anodyne Chemistries](https://millionrounds.com/company/anodyne-chemistries)** Grant · CA **$724K** With 1 other
- **May** **[Canada Nickel Company](https://millionrounds.com/company/canada-nickel-company)** CA **$4.5M** With 1 other
- **May** **[Jack.org](https://millionrounds.com/company/jack-org)** Grant · CA **$183K** Sole investor
- **Apr** **[Carbon Upcycling Technologies](https://millionrounds.com/company/carbon-upcycling-technologies)** Debt · CA · Ventureburn **$10M** With 3 others
- **Apr** **[Mangrove Lithium](https://millionrounds.com/company/mangrove-lithium)** Grant · CA **$16M** With 3 others
- **Apr** **[Aspect Biosystems](https://millionrounds.com/company/aspect-biosystems)** Grant · CA **$57M** With 2 others
- **Apr** **[Common Wealth](https://millionrounds.com/company/commonwealth)** Series A · CA **$8.7M** Sole investor
- **Mar** **[Reaction Dynamics](https://millionrounds.com/company/reaction-dynamics)** Grant · CA **$6.1M** With 3 others
- **Mar** **[Fireweed Metals](https://millionrounds.com/company/fireweed-metals)** CA **$44M** Sole investor
- **Mar** **[Ampere](https://millionrounds.com/company/ampere)** Grant · US **$1.3M** Sole investor
- **Feb** **[Canada Nickel Company](https://millionrounds.com/company/canada-nickel-company)** Debt · CA **$32M** With 1 other
- **Feb** **[Generation Mining](https://millionrounds.com/company/generation-mining)** CA **$553K** Sole investor
- **Jan** **[Photonic](https://millionrounds.com/company/photonic)** Growth · CA · Firms' own news pages **$131M** With 7 others
- **Jan** **[Flexnetworks](https://millionrounds.com/company/flexnetworks)** Venture · CA **Undisclosed** Sole investor
- **2025** 33 rounds
- **Dec** **[Nord Quantique](https://millionrounds.com/company/nord-quantique)** Grant · CA **$17M** With 3 others
- **Dec** **[Anyon Systems](https://millionrounds.com/company/anyon-systems)** Grant · CA **$17M** With 1 other
- **Dec** **[Fireweed Metals](https://millionrounds.com/company/fireweed-metals)** Grant · CA **$157K** With 1 other
- **Dec** **[Centre de Collaboration MiQro Innovation](https://millionrounds.com/company/centre-de-collaboration-miqro-innovation)** Grant · CA **$469M** Sole investor
- **Nov** **[Kotn](https://millionrounds.com/company/kotn)** Grant · CA **$426K** Sole investor
- **Sept** **[GreenMantra Technologies](https://millionrounds.com/company/greenmantra-technologies)** Debt · CA **$10M** With 3 others
- **Sept** **[Northcliff Resources](https://millionrounds.com/company/northcliff-resources)** Debt · CA **$2.5M** With 1 other
- **Sept** **[Veterans' House Canada](https://millionrounds.com/company/veterans-house-canada)** Grant · CA **$7.6M** Sole investor
- **Sept** **[Common Wealth](https://millionrounds.com/company/commonwealth)** Grant · CA **$22M** Sole investor
- **Sept** **[Edesa Biotech](https://millionrounds.com/company/edesa-biotech)** CA **$3.4M** With 1 other
- **Sept** **[Metaspectral](https://millionrounds.com/company/metaspectral)** Grant · CA **$150K** With 3 others
- **Sept** **[Renaissance BioScience](https://millionrounds.com/company/renaissance-bioscience)** Grant · CA **$599K** With 1 other
- **Aug** **[Homes For Heroes Foundation](https://millionrounds.com/company/homes-for-heroes-foundation)** Grant · CA **$1.4M** Sole investor
- **Aug** **[SolarSteam](https://millionrounds.com/company/solarsteam)** Seed · CA **$717K** With 5 others
- **Jul** **[EXO Insights](https://millionrounds.com/company/exo-insights)** Grant · CA **$879K** Sole investor
- **Jul** **[Saham Bank](https://millionrounds.com/company/saham-bank)** Debt **$64M** With 2 others
- **Jun** **[Regenize](https://millionrounds.com/company/regenize)** ZA · Disrupt Africa **Undisclosed** 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 **7** 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.

## The cheque

Grant Venture Debt

Median round joined **$2.1M** the round, not its cheque Alone, median **$1.4M**

Led 0 of 136 rounds **0%**

- **Sole investor:** 60 rounds
- **Last cheque:** Sept 2026

Rounds by stage said on their site

- Grant *73*
- Venture *23*
- Debt *14*
- Seed *8*
- Series A *5*

Cheques by month Led Joined

Nov 2023 Oct 2026

Often in the room with

- [Creative Destruction Lab](https://millionrounds.com/fund/creative-destruction-lab) 11
- [BDC Capital](https://millionrounds.com/fund/bdc-venture-capital) 10
- [Desjardins Venture Capital](https://millionrounds.com/fund/desjardins-venture-capital) 8
- [Investissement Quebec](https://millionrounds.com/fund/investissement-quebec-2) 8
- [National Research Council of Canada Industrial Research Assistance Program](https://millionrounds.com/fund/national-research-council-of-canada-industrial-research-assi) 7
- [Export Development Canada](https://millionrounds.com/fund/export-development-canada) 5

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

[**Creative Destruction Lab** Accelerator **11** rounds together](https://millionrounds.com/fund/creative-destruction-lab)[**BDC Capital** VC firm **10** rounds together](https://millionrounds.com/fund/bdc-venture-capital)[**Desjardins Venture Capital** Government **8** rounds together](https://millionrounds.com/fund/desjardins-venture-capital)[**Investissement Quebec** Investment firm **8** rounds together](https://millionrounds.com/fund/investissement-quebec-2)[**National Research Council of Canada Industrial Research Assistance Program** VC firm **7** rounds together](https://millionrounds.com/fund/national-research-council-of-canada-industrial-research-assi)[**Export Development Canada** Government **5** rounds together](https://millionrounds.com/fund/export-development-canada)[**Y Combinator** Accelerator **5** rounds together](https://millionrounds.com/fund/y-combinator)[**Alberta Innovates** Investment firm **4** rounds together](https://millionrounds.com/fund/alberta-innovates)[**Canada Economic Development for Quebec Regions** Investment firm **4** rounds together](https://millionrounds.com/fund/canada-economic-development-for-quebec-regions)[**Innovate BC** Government **4** rounds together](https://millionrounds.com/fund/innovate-bc)[**Natural Resources Canada** Government **4** rounds together](https://millionrounds.com/fund/natural-resources)[**Ontario Centres of Excellence** VC firm **4** rounds together](https://millionrounds.com/fund/ontario-centres-of-excellence)

## Recently backed

The latest companies Government of Canada put money into.

[**LawZero** $215M · Sept 2026](https://millionrounds.com/company/lawzero)[**Lucent BioSciences** $1.4M · Sept 2026](https://millionrounds.com/company/lucent-biosciences)[**Creative Destruction Lab** $11M · Jun 2026](https://millionrounds.com/company/creative-destruction-lab)[**Generation Mining** $310M · Jun 2026](https://millionrounds.com/company/generation-mining)[**Edesa Biotech** $2.5M · Jun 2026](https://millionrounds.com/company/edesa-biotech)[**Carbicrete** $705K · Jun 2026](https://millionrounds.com/company/carbicrete)

## Quick answers about Government of Canada

### What does Government of Canada invest in?

Government of Canada invests most often at Grant and Venture (78% of the rounds on record), in sectors such as FinTech, Payments and Government.

### How active is Government of Canada?

136 investments on record, 28 of them in the last 12 months. The most recent was in Sept 2026.

### What has Government of Canada invested in recently?

Its most recent investments on record: LawZero (Grant, Sept 2026), Lucent BioSciences (Grant, Sept 2026) and Creative Destruction Lab (Grant, Jun 2026).

### How big are Government of Canada's cheques?

The median round it joins is $2.1M.

### Does Government of Canada lead rounds?

Rarely, if at all: none of its 136 investments on record names it as the lead.

### Where does Government of Canada invest?

Most of the companies it backs are in Canada (95%).

### Is Government of Canada investing now?

Yes: it is actively investing, with 28 investments in the last 12 months.

### Who does Government of Canada invest alongside?

Most often Creative Destruction Lab (11 rounds together), BDC Capital (10 rounds together) and Desjardins Venture Capital (8 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=government-of-canada) · [Is this your firm? Claim it](https://millionrounds.com/claim?org=government-of-canada)