# Ontario Centres of Excellence: portfolio, investments and team

> Ontario Centres of Excellence is a vc firm based in Canada. 83 investments on record, 1 in the last 12 months, latest May 2026.

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

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

# Ontario Centres of Excellence

Last cheque observed May 2026; 83 cheques on record.

Deploying now VC firm

Seed Venture Grant Medical Pharmaceutical

Deploying now

**20%** of best year **1** **cheques in 12 months**, 83 on record

Since the last cheque **178** days **00** hrs **00** min **00** sec

Median round **$414K** Rounds led **0 of 83** Sole investor **33 rounds** Exits **4 from the portfolio** Mostly in **Canada, 92%**

Pitch Ontario Centres of Excellence

## Ontario Centres of Excellence highlights

- 01 1 cheques in the last 12 months
- 02 Mostly Seed and Venture: 63% of its rounds
- 03 Sole investor in 33 rounds, median $376K
- 04 4 exits from the portfolio

## What they do

- **Type:** VC firm (from a list, unverified)
- **Cheque size:** Not stated
- **Sectors:** Medical Pharmaceutical
- **Based in:** Canada
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **83 appearances**

- **2026** 1 round
- **May** **[Myomar Molecular](https://millionrounds.com/company/myomar-molecular)** Debt · CA **$1.4M** With 2 others
- **2025** 5 rounds
- **Jul** **[inMotive](https://millionrounds.com/company/inmotive)** Grant · CA **$1.1M** With 1 other
- **Jul** **[Betterfrost Technologies](https://millionrounds.com/company/betterfrost-technologies)** Grant · CA **$2.9M** With 1 other
- **Jun** **[Giatec Scientific](https://millionrounds.com/company/giatec-scientific)** Venture · CA **Undisclosed** With 2 others
- **Mar** **[Greenspace](https://millionrounds.com/company/greenspace)** Series B · CA · ABS Capital Partners **Undisclosed** With 2 others
- **Jan** **[Peekapak](https://millionrounds.com/company/peekapak)** Venture · CA **Undisclosed** With 3 others
- **2024** 5 rounds
- **Jul** **[Novel Biotechnology](https://millionrounds.com/company/novel-biotechnology)** Grant · CA **$367K** Sole investor
- **Jun** **[Hybrid Power Solutions](https://millionrounds.com/company/hybrid-power-solutions)** CA **$396K** Sole investor
- **Jun** **[Braze Mobility](https://millionrounds.com/company/braze-mobility)** Venture · CA **Undisclosed** With 1 other
- **Feb** **[Purchs](https://millionrounds.com/company/purchs)** Venture · CA **Undisclosed** With 2 others
- **Jan** **[ventureLAB](https://millionrounds.com/company/venturelab)** Grant · CA **$4.5M** With 1 other
- **2023** 5 rounds
- **Oct** **[GetQuorum](https://millionrounds.com/company/getquorum)** Grant · CA **$1.5M** With 1 other
- **Aug** **[Acuity Insights](https://millionrounds.com/company/acuity-insights)** Venture · CA **$5.0M** With 1 other
- **Jul** **[Bartesian](https://millionrounds.com/company/bartesian)** Venture · US **Undisclosed** With 4 others
- **May** **[Stromcore](https://millionrounds.com/company/stromcore)** Grant · CA **$3.5M** With 2 others
- **Jan** **[Able Innovations](https://millionrounds.com/company/able-innovations)** Venture · CA **Undisclosed** With 3 others
- **2022** 5 rounds
- **Aug** **[Greenlid](https://millionrounds.com/company/greenlid)** Grant · CA **$500K** With 2 others
- **Jun** **[Nuts For Cheese](https://millionrounds.com/company/nuts-for-cheese)** Venture · CA **$5.3M** Sole investor
- **Apr** **[AceAge](https://millionrounds.com/company/aceage)** Grant · CA **$616K** With 1 other
- **Mar** **[Green Story](https://millionrounds.com/company/green-story)** Seed · NL **$1.3M** Sole investor
- **Feb** **[Dozr](https://millionrounds.com/company/dozr)** Series B · CA **$22M** With 2 others
- **2021** 4 rounds
- **Oct** **[iApotheca Healthcare](https://millionrounds.com/company/iapotheca-healthcare)** Pre-seed · CA **$470K** Sole investor
- **Jul** **[Wearatec Inc.](https://millionrounds.com/company/wearatec-inc)** Seed · CA **$1.0M** Sole investor
- **May** **[Neurescence](https://millionrounds.com/company/neurescence)** Venture **$350K** With 3 others
- **Feb** **[Enrich Bioscience](https://millionrounds.com/company/enrich-bioscience)** Seed **$250K** With 1 other
- **2020** 9 rounds
- **Oct** **[Hopeful Inc.](https://millionrounds.com/company/hopeful-inc)** Pre-seed **$191K** With 1 other
- **Oct** **[Mavennet](https://millionrounds.com/company/mavennet)** Grant **$86K** With 1 other
- **Oct** **[Cohesiv](https://millionrounds.com/company/cohesiv)** Debt **$376K** Sole investor
- **Jun** **[Intelense Inc](https://millionrounds.com/company/intelense-inc)** Seed **$368K** Sole investor
- **Jun** **[Anomera](https://millionrounds.com/company/anomera)** Grant **$3.7M** With 1 other
- **Jun** **[QuantWave Technologies](https://millionrounds.com/company/quantwave-technologies)** Grant **$36K** Sole investor
- **May** **[Coldblock](https://millionrounds.com/company/coldblock)** Series A **$1.1M** With 1 other
- **Jan** **[Parlay Ideas](https://millionrounds.com/company/parlay-ideas)** **$345K** With 1 other
- **Jan** **[CiteRight](https://millionrounds.com/company/citeright)** Seed **$933K** Sole investor
- **2019** 6 rounds
- **Oct** **[SAMETRICA](https://millionrounds.com/company/sametrica)** Seed **$381K** With 2 others
- **May** **[Noblegen](https://millionrounds.com/company/noblegen)** Series B · CA · FinSMEs **$19M** With 4 others
- **May** **[APX Building & Onsite Data Solutions](https://millionrounds.com/company/apx-building-and-onsite-data-solutions)** Venture **Undisclosed** With 1 other
- **Apr** **[Little Robot Friends](https://millionrounds.com/company/little-robot-friends)** Grant **$100K** With 1 other
- **Mar** **[My Lil' HealthBot](https://millionrounds.com/company/my-lil-healthbot)** Seed **$300K** With 2 others
- **Feb** **[FIBOS](https://millionrounds.com/company/fibos)** Grant **$2.2M** 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 **6** 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 listed **4 in all**

**[SeaWell Networks](https://millionrounds.com/company/seawell-networks)** Bought by [Arris Group](https://millionrounds.com/fund/arris-group) **Undisclosed** Apr 2014

**[Kneebone](https://millionrounds.com/company/kneebone)** Bought by [Deloitte](https://millionrounds.com/fund/deloitte) **Undisclosed** Apr 2013

**[Sysomos](https://millionrounds.com/company/sysomos)** Bought by Marketwired **Undisclosed** Jun 2010

**[Distil Interactive](https://millionrounds.com/company/distil-interactive)** Bought by Canadian Standards Association **Undisclosed** Sept 2009

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

## The cheque

Seed Venture Grant

Median round joined **$414K** the round, not its cheque Alone, median **$376K**

Led 0 of 83 rounds **0%**

- **Sole investor:** 33 rounds
- **Last cheque:** May 2026
- **Exits:** 4 from the portfolio

Rounds by stage said on their site

- Seed *27*
- Venture *22*
- Grant *21*
- Series A *3*
- Series B *3*
- Pre-seed *2*

Cheques by month Led Joined

Nov 2023 Oct 2026

Often in the room with

- [DMZ](https://millionrounds.com/fund/dmz-ventures) 9
- [FedDev](https://millionrounds.com/fund/feddev) 6
- [MaRS Investment Accelerator Fund](https://millionrounds.com/fund/mars-investment-accelerator-fund) 6
- [NEXT Canada](https://millionrounds.com/fund/next-ai) 5
- [BDC Capital](https://millionrounds.com/fund/bdc-venture-capital) 4
- [Government of Canada](https://millionrounds.com/fund/government-of-canada) 4

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## Who they invest alongside

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

[**DMZ** Accelerator **9** rounds together](https://millionrounds.com/fund/dmz-ventures)[**FedDev** VC firm **6** rounds together](https://millionrounds.com/fund/feddev)[**MaRS Investment Accelerator Fund** VC firm **6** rounds together](https://millionrounds.com/fund/mars-investment-accelerator-fund)[**NEXT Canada** Accelerator **5** rounds together](https://millionrounds.com/fund/next-ai)[**BDC Capital** VC firm **4** rounds together](https://millionrounds.com/fund/bdc-venture-capital)[**Government of Canada** Government **4** rounds together](https://millionrounds.com/fund/government-of-canada)[**43North** Accelerator **3** rounds together](https://millionrounds.com/fund/43north)[**Sustainable Development Technology Canada** VC firm **3** rounds together](https://millionrounds.com/fund/sustainable-development-technology-canada)[**Techstars** VC firm **3** rounds together](https://millionrounds.com/fund/techstars)[**Accelerator Centre** Accelerator **2** rounds together](https://millionrounds.com/fund/accelerator-centre)[**Creative Destruction Lab** Accelerator **2** rounds together](https://millionrounds.com/fund/creative-destruction-lab)[**Georgian** VC firm **2** rounds together](https://millionrounds.com/fund/georgian)

## Recently backed

The latest companies Ontario Centres of Excellence put money into.

[**Myomar Molecular** $1.4M · May 2026](https://millionrounds.com/company/myomar-molecular)[**Novel Biotechnology** $367K · Jul 2024](https://millionrounds.com/company/novel-biotechnology)[**Hybrid Power Solutions** $396K · Jun 2024](https://millionrounds.com/company/hybrid-power-solutions)[**Braze Mobility** Jun 2024](https://millionrounds.com/company/braze-mobility)[**Purchs** Feb 2024](https://millionrounds.com/company/purchs)[**ventureLAB** $4.5M · Jan 2024](https://millionrounds.com/company/venturelab)

## Quick answers about Ontario Centres of Excellence

### What does Ontario Centres of Excellence invest in?

Ontario Centres of Excellence invests most often at Seed and Venture (63% of the rounds on record), in sectors such as Medical and Pharmaceutical.

### How active is Ontario Centres of Excellence?

83 investments on record, 1 of them in the last 12 months. The most recent was in May 2026.

### What has Ontario Centres of Excellence invested in recently?

Its most recent investments on record: Myomar Molecular (Debt, May 2026), inMotive (Grant, Jul 2025) and Betterfrost Technologies (Grant, Jul 2025).

### How big are Ontario Centres of Excellence's cheques?

The median round it joins is $414K.

### Does Ontario Centres of Excellence lead rounds?

Rarely, if at all: none of its 83 investments on record names it as the lead.

### Where does Ontario Centres of Excellence invest?

Most of the companies it backs are in Canada (92%).

### Is Ontario Centres of Excellence investing now?

Yes: it is actively investing, with 1 investments in the last 12 months.

### Who does Ontario Centres of Excellence invest alongside?

Most often DMZ (9 rounds together), FedDev (6 rounds together) and MaRS Investment Accelerator Fund (6 rounds together).

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