Canada · Investor

Ontario

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

QuietNew fund $100K, Oct 2015GovernmentWebsite unconfirmed

Pre-seedSeedSeries AOnline GamesSportsGovernment

Cheques on record
0%of best year0cheques in 12 months, 14 on record
Since the last cheque4127days00hrs00min00sec
Median round$8.0MRounds led0 of 14Sole investor1 roundsExits3 from the portfolioMostly inCanada, 86%
Pitch Ontario

Ontario highlights

  1. 01

    14 rounds on record

  2. 02

    Mostly Series B and Venture: 77% of its rounds

  3. 03

    Sole investor in 1 rounds, median $9.0M

  4. 04

    3 exits from the portfolio

What they do

Type
Government (from a list, unverified)
Cheque size
Not stated
Stages
Pre-seedSeedSeries A
Sectors
Online GamesSportsGovernment
Based in
Toronto, Canada
Cold pitches
Not stated

A website was listed for this organisation, but we could not confirm it belongs to the firm that wrote these cheques. Either the site never mentions them, or it turned out to be a different company sharing the name. We show neither it nor anything read from it. Tell us the right one.

The record

Every round we can evidence, newest first14 appearances

  1. 2015

    1 round

  2. Jul
    XagenicSeries B · CA$12MWith 3 others
  3. 2014

    2 rounds

  4. Aug
    Smart Energy InstrumentsSeries A · CA$5.0MWith 3 others
  5. Aug
    VeroldSeries B · CA$1.6MWith 1 other
  6. 2013

    1 round

  7. Jun
    Peraso TechnologiesVenture · CA$8.0MWith 4 others
  8. 2012

    2 rounds

  9. Aug
    ecobeeSeries B · CA$7.5MWith 3 others
  10. Jun
    Peraso TechnologiesVenture · CA$8.0MWith 4 others
  11. 2011

    3 rounds

  12. Sept
    AchieversSeries C · US · techcrunch.com$25MWith 3 others
  13. Sept
    AchieversVenture · US · finsmes.com$14MWith 3 others
  14. Jun
    Fresco MicrochipSeries C · CA · finsmes.com$9.0MSole investor
  15. 2010

    5 rounds

  16. Nov
    Peraso TechnologiesCA$8.0MWith 4 others
  17. Sept
    CovarityVenture · CA · covarity.com$2.3MWith 4 others
  18. Jul
    Morega SystemsSeries B · CA · morega.com$10MWith 3 others
  19. May
    EnergateSeries B · CA · energateinc.com$7.2MWith 1 other
  20. Jan
    ecobeeVenture · CA · finsmes.com$6.4MWith 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 registration2 named

BWBenjamin W BurfordExecutive Officer, PromoteriFiling they signed
SJSean J ConlonPromoteriFiling they signed

We also hold 2 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 listed3 in all

AchieversBought by BlackHawk NetworkUndisclosedJun 2015
VeroldBought by BoxUndisclosedApr 2015
CovarityBought by Constellation SoftwareUndisclosedApr 2012

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

Who they invest alongside

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

Celtic House Venture PartnersVC firm4rounds togetherVentureLink LPVC firm4rounds togetherGrowthWorksVC firm3rounds togetherInovia CapitalVC firm3rounds togetherOntario Emerging Technologies FundGrowth equity3rounds togetherRelay VenturesVC firm3rounds togetherTech Capital PartnersVC firm3rounds togetherBDC CapitalVC firm2rounds togetherGrandBanks CapitalVC firm2rounds together

Quick answers about Ontario

What does Ontario invest in?

Ontario invests most often at Series B and Venture (77% of the rounds on record), in sectors such as Online Games, Sports and Government.

How active is Ontario?

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

How big are Ontario's cheques?

The median round it joins is $8.0M.

Does Ontario lead rounds?

Rarely, if at all: none of its 14 investments on record names it as the lead.

Where does Ontario invest?

Most of the companies it backs are in Canada (86%) and the United States (14%).

Is Ontario investing now?

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

Who does Ontario invest alongside?

Most often Celtic House Venture Partners (4 rounds together), VentureLink LP (4 rounds together) and GrowthWorks (3 rounds together).

What kind of investor is Ontario?

Ontario is a government based in Toronto, Canada.

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Built from the rounds we watched, its filings and its own website, refreshed every night. How we count · Report a correction · Is this your firm? Claim it