# Ontario: portfolio, investments and team > Ontario is a government based in Canada. 14 investments on record, latest Jul 2015. Portfolio, stages, co-investors and team. Source: https://millionrounds.com/fund/ontario (Millionrounds; every figure on the page links to its filing or article) Canada · [Investor](https://millionrounds.com/investors) # Ontario Last cheque observed Jul 2015. Silence since then is not evidence of inactivity: our sources miss unannounced rounds. Quiet New fund $100K, Oct 2015 Government Website unconfirmed Pre-seed Seed Series A Online Games Sports Government Cheques on record **0%** of best year **0** **cheques in 12 months**, 14 on record Since the last cheque **4127** days **00** hrs **00** min **00** sec Median round **$8.0M** Rounds led **0 of 14** Sole investor **1 rounds** Exits **3 from the portfolio** Mostly in **Canada, 86%** Pitch Ontario ## Ontario highlights - 01 14 rounds on record - 02 Mostly Series B and Venture: 77% of its rounds - 03 Sole investor in 1 rounds, median $9.0M - 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 - **Sectors:** Online Games Sports Government - **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](https://millionrounds.com/corrections?slug=ontario). ## The record Every round we can evidence, newest first **14 appearances** - **2015** 1 round - **Jul** **[Xagenic](https://millionrounds.com/company/xagenic)** Series B · CA **$12M** With 3 others - **2014** 2 rounds - **Aug** **[Smart Energy Instruments](https://millionrounds.com/company/smart-energy-instruments)** Series A · CA **$5.0M** With 3 others - **Aug** **[Verold](https://millionrounds.com/company/verold)** Series B · CA **$1.6M** With 1 other - **2013** 1 round - **Jun** **[Peraso Technologies](https://millionrounds.com/company/peraso-technologies)** Venture · CA **$8.0M** With 4 others - **2012** 2 rounds - **Aug** **[ecobee](https://millionrounds.com/company/ecobee)** Series B · CA **$7.5M** With 3 others - **Jun** **[Peraso Technologies](https://millionrounds.com/company/peraso-technologies)** Venture · CA **$8.0M** With 4 others - **2011** 3 rounds - **Sept** **[Achievers](https://millionrounds.com/company/achievers)** Series C · US · techcrunch.com **$25M** With 3 others - **Sept** **[Achievers](https://millionrounds.com/company/achievers)** Venture · US · finsmes.com **$14M** With 3 others - **Jun** **[Fresco Microchip](https://millionrounds.com/company/fresco-microchip)** Series C · CA · finsmes.com **$9.0M** Sole investor - **2010** 5 rounds - **Nov** **[Peraso Technologies](https://millionrounds.com/company/peraso-technologies)** CA **$8.0M** With 4 others - **Sept** **[Covarity](https://millionrounds.com/company/covarity)** Venture · CA · covarity.com **$2.3M** With 4 others - **Jul** **[Morega Systems](https://millionrounds.com/company/morega-systems)** Series B · CA · morega.com **$10M** With 3 others - **May** **[Energate](https://millionrounds.com/company/energate)** Series B · CA · energateinc.com **$7.2M** With 1 other - **Jan** **[ecobee](https://millionrounds.com/company/ecobee)** Venture · CA · finsmes.com **$6.4M** 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 team Named by the firm itself, on a filing, its Form ADV or its company registration **2 named** BW **Benjamin W Burford** Executive Officer, Promoter i Filing they signed SJ **Sean J Conlon** Promoter i Filing 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 listed **3 in all** **[Achievers](https://millionrounds.com/company/achievers)** Bought by [BlackHawk Network](https://millionrounds.com/fund/blackhawk-network) **Undisclosed** Jun 2015 **[Verold](https://millionrounds.com/company/verold)** Bought by [Box](https://millionrounds.com/fund/box) **Undisclosed** Apr 2015 **[Covarity](https://millionrounds.com/company/covarity)** Bought by Constellation Software **Undisclosed** Apr 2012 An exit counts when it came after the firm's first round in the company. From historical deal records. New fund on file **$100K** raised in Oct 2015 From its SEC filing, not a journalist: a firm that has just raised has money to deploy. ## The cheque Pre-seed Seed Series A Median round joined **$8.0M** the round, not its cheque Alone, median **$9.0M** Led 0 of 14 rounds **0%** - **Sole investor:** 1 rounds - **Last cheque:** Jul 2015 - **Exits:** 3 from the portfolio Rounds by stage said on their site - Series B *5* - Venture *5* - Series C *2* - Series A said *1* - Pre-seed said *-* - Seed said *-* Cheques by year Led Joined 2010 2015 Often in the room with - [Celtic House Venture Partners](https://millionrounds.com/fund/celtic-house-venture-partners) 4 - [VentureLink LP](https://millionrounds.com/fund/venturelink-lp) 4 - [GrowthWorks](https://millionrounds.com/fund/growthworks) 3 - [Inovia Capital](https://millionrounds.com/fund/inovia-capital) 3 - [Ontario Emerging Technologies Fund](https://millionrounds.com/fund/ontario-emerging-technologies-fund) 3 - [Relay Ventures](https://millionrounds.com/fund/relay-ventures-4) 3 **Pitching Ontario?** 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 Ontario. A count of rooms they were both in, not a relationship either has claimed. [**Celtic House Venture Partners** VC firm **4** rounds together](https://millionrounds.com/fund/celtic-house-venture-partners)[**VentureLink LP** VC firm **4** rounds together](https://millionrounds.com/fund/venturelink-lp)[**GrowthWorks** VC firm **3** rounds together](https://millionrounds.com/fund/growthworks)[**Inovia Capital** VC firm **3** rounds together](https://millionrounds.com/fund/inovia-capital)[**Ontario Emerging Technologies Fund** Growth equity **3** rounds together](https://millionrounds.com/fund/ontario-emerging-technologies-fund)[**Relay Ventures** VC firm **3** rounds together](https://millionrounds.com/fund/relay-ventures-4)[**Tech Capital Partners** VC firm **3** rounds together](https://millionrounds.com/fund/tech-capital-partners-inc)[**BDC Capital** VC firm **2** rounds together](https://millionrounds.com/fund/bdc-venture-capital)[**GrandBanks Capital** VC firm **2** rounds together](https://millionrounds.com/fund/grandbanks-capital) ## 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. ## 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=ontario) · [Is this your firm? Claim it](https://millionrounds.com/claim?org=ontario)