# Pacific Economic Development Canada: portfolio, investments and team

> Pacific Economic Development Canada is an investment firm. 45 investments on record, 10 in the last 12 months, latest Sept 2026.

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

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

# Pacific Economic Development Canada

Last cheque observed Sep 2026; 45 cheques on record.

Deploying now Investment firm

Grant Debt Series A Non Profit Manufacturing

Deploying now

**56%** of best year **10** **cheques in 12 months**, 45 on record

Since the last cheque **55** days **00** hrs **00** min **00** sec

Median round **$1.5M** Rounds led **0 of 45** Sole investor **27 rounds** Mostly in **Canada, 95%**

Pitch Pacific Economic Development Canada

## Pacific Economic Development Canada highlights

- 01 10 cheques in the last 12 months
- 02 Mostly Grant and Debt: 86% of its rounds
- 03 Sole investor in 27 rounds, median $1.4M

## What they do

- **Type:** Investment firm (from a list, unverified)
- **Cheque size:** Not stated
- **Sectors:** Non Profit Manufacturing
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **45 appearances**

- **2026** 10 rounds
- **Sept** **[Lucent BioSciences](https://millionrounds.com/company/lucent-biosciences)** Grant · CA **$1.4M** With 3 others
- **May** **[Human in Motion Robotics](https://millionrounds.com/company/human-in-motion-robotics)** Grant · CA **$2.2M** With 2 others
- **May** **[Dream Photonics](https://millionrounds.com/company/dream-photonics)** Grant · CA **$804K** Sole investor
- **Apr** **[MarineLabs Data Systems Inc.](https://millionrounds.com/company/marinelabs-data-systems-inc)** Grant · CA **$223K** With 2 others
- **Apr** **[Ideon Technologies](https://millionrounds.com/company/ideon-technologies)** Grant · CA **$1.7M** With 3 others
- **Mar** **[atreides](https://millionrounds.com/company/atreides)** Grant · CA **$1.8M** With 1 other
- **Feb** **[Arbutus Medical](https://millionrounds.com/company/arbutus-medical)** Growth · CA · Firms' own news pages **$6.8M** With 7 others
- **Feb** **[Foresight Canada](https://millionrounds.com/company/foresight-canada)** Venture · CA **$1.5M** With 1 other
- **Feb** **[Loaves and Fishes Community Food Bank](https://millionrounds.com/company/loaves-and-fishes-community-food-bank)** Grant · CA **$3.7M** Sole investor
- **Feb** **[ALUULA Composites](https://millionrounds.com/company/aluula-composites)** CA **$10M** Sole investor
- **2025** 14 rounds
- **Oct** **[MarineLabs Data Systems Inc.](https://millionrounds.com/company/marinelabs-data-systems-inc)** Seed · CA **$4.0M** With 2 others
- **May** **[Tuft + Paw](https://millionrounds.com/company/tuft-paw)** Series A · US **$4.0M** With 3 others
- **Mar** **[Parallèle Alberta](https://millionrounds.com/company/parallele-alberta)** Grant · CA **$400K** Sole investor
- **Mar** **[VitaminLab](https://millionrounds.com/company/vitaminlab)** Debt · CA **$636K** Sole investor
- **Mar** **[The Fireweed Institute](https://millionrounds.com/company/the-fireweed-institute)** Grant **$970K** Sole investor
- **Mar** **[SOARE](https://millionrounds.com/company/soare)** Grant · CA **$250K** Sole investor
- **Mar** **[Mustimuhw Information Solutions](https://millionrounds.com/company/mustimuhw-information-solutions)** Debt · CA **$2.3M** Sole investor
- **Mar** **[Destination BC](https://millionrounds.com/company/destination-bc)** Grant · CA **$174K** Sole investor
- **Mar** **[HealthTech Connex](https://millionrounds.com/company/healthtech-connex)** Debt · CA **$2.6M** With 1 other
- **Feb** **[Konscious Foods](https://millionrounds.com/company/konscious-foods)** Grant · CA **$5.0M** Sole investor
- **Feb** **[adMare Bio Innovations](https://millionrounds.com/company/admare-bio-innovations)** Grant · CA **$4.2M** Sole investor
- **Jan** **[Accelerate Okanagan](https://millionrounds.com/company/accelerate-okanagan)** Grant · CA **$1.4M** Sole investor
- **Jan** **[Circle Innovation](https://millionrounds.com/company/circle-innovation)** Grant · CA **$1.7M** Sole investor
- **Jan** **[VentureLabs](https://millionrounds.com/company/venturelabs)** Grant · CA **$2.5M** Sole investor
- **2024** 7 rounds
- **Oct** **[LUCID Vision Labs](https://millionrounds.com/company/lucid-vision-labs)** Grant · CA **$1.5M** Sole investor
- **Oct** **[Thompson Okanagan Tourism Foundation](https://millionrounds.com/company/thompson-okanagan-tourism-foundation)** Grant · CA **$250K** Sole investor
- **Sept** **[Yes cycle](https://millionrounds.com/company/yes-cycle)** Grant · CA **$250K** Sole investor
- **Sept** **[Industrial Plankton](https://millionrounds.com/company/industrial-plankton)** Grant · CA **$667K** With 2 others
- **Jul** **[Ekona Power](https://millionrounds.com/company/ekona-power)** Grant · CA **$734K** With 2 others
- **Mar** **[GridGear Solutions](https://millionrounds.com/company/gridgear-solutions)** Grant · CA **$382K** Sole investor
- **Mar** **[Clarius Mobile Health](https://millionrounds.com/company/clarius-mobile-health)** Grant · CA **$2.5M** With 1 other
- **2023** 11 rounds
- **Dec** **[Salus Technologies](https://millionrounds.com/company/salus-technologies)** Series A · CA **$8.0M** Sole investor
- **Dec** **[Composites Knowledge Network](https://millionrounds.com/company/composites-knowledge-network)** Grant · CA **$1.0M** Sole investor
- **Nov** **[Peloton Technologies](https://millionrounds.com/company/peloton-technologies)** Seed · CA **$1.5M** Sole investor
- **Aug** **[CoPilot AI](https://millionrounds.com/company/copilot-ai)** Venture · CA **Undisclosed** Sole investor
- **Jun** **[Tuft + Paw](https://millionrounds.com/company/tuft-paw)** Grant · US **$750K** With 3 others
- **Jun** **[LeadingAhead Energy](https://millionrounds.com/company/leadingahead-energy)** Grant · CA **$593K** Sole investor
- **Jun** **[Anaconda systems](https://millionrounds.com/company/anaconda-systems)** Grant · CA **$2.5M** With 1 other
- **Jun** **[MintList](https://millionrounds.com/company/mintlist)** Grant · CA **$2.0M** Sole investor
- **Mar** **[Tradable Bits](https://millionrounds.com/company/tradable-bits)** Grant · CA **$1.0M** 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 cheque

Grant Debt Series A

Median round joined **$1.5M** the round, not its cheque Alone, median **$1.4M**

Led 0 of 45 rounds **0%**

- **Sole investor:** 27 rounds
- **Last cheque:** Sept 2026

Rounds by stage said on their site

- Grant *34*
- Debt *3*
- Series A *2*
- Venture *2*
- Seed *2*

Cheques by month Led Joined

Nov 2023 Oct 2026

Often in the room with

- [Innovate BC](https://millionrounds.com/fund/innovate-bc) 5
- [Creative Destruction Lab](https://millionrounds.com/fund/creative-destruction-lab) 4
- [BDC Capital](https://millionrounds.com/fund/bdc-venture-capital) 3
- [Blue Collective](https://millionrounds.com/fund/blue-collective) 2
- [Edward Lando](https://millionrounds.com/fund/edward-lando) 2
- [Pareto Holdings](https://millionrounds.com/fund/pareto-holdings) 2

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## Who they invest alongside

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

[**Innovate BC** Government **5** rounds together](https://millionrounds.com/fund/innovate-bc)[**Creative Destruction Lab** Accelerator **4** rounds together](https://millionrounds.com/fund/creative-destruction-lab)[**BDC Capital** VC firm **3** rounds together](https://millionrounds.com/fund/bdc-venture-capital)[**Blue Collective** VC firm **2** rounds together](https://millionrounds.com/fund/blue-collective)[**Edward Lando** Angel **2** rounds together](https://millionrounds.com/fund/edward-lando)[**Pareto Holdings** VC firm **2** rounds together](https://millionrounds.com/fund/pareto-holdings)

## Recently backed

The latest companies Pacific Economic Development Canada put money into.

[**Lucent BioSciences** $1.4M · Sept 2026](https://millionrounds.com/company/lucent-biosciences)[**Dream Photonics** $804K · May 2026](https://millionrounds.com/company/dream-photonics)[**Ideon Technologies** $1.7M · Apr 2026](https://millionrounds.com/company/ideon-technologies)[**atreides** $1.8M · Mar 2026](https://millionrounds.com/company/atreides)[**Foresight Canada** $1.5M · Feb 2026](https://millionrounds.com/company/foresight-canada)[**Loaves and Fishes Community Food Bank** $3.7M · Feb 2026](https://millionrounds.com/company/loaves-and-fishes-community-food-bank)

## Quick answers about Pacific Economic Development Canada

### What does Pacific Economic Development Canada invest in?

Pacific Economic Development Canada invests most often at Grant and Debt (86% of the rounds on record), in sectors such as Non Profit and Manufacturing.

### How active is Pacific Economic Development Canada?

45 investments on record, 10 of them in the last 12 months. The most recent was in Sept 2026.

### What has Pacific Economic Development Canada invested in recently?

Its most recent investments on record: Lucent BioSciences (Grant, Sept 2026), Human in Motion Robotics (Grant, May 2026) and Dream Photonics (Grant, May 2026).

### How big are Pacific Economic Development Canada's cheques?

The median round it joins is $1.5M.

### Does Pacific Economic Development Canada lead rounds?

Rarely, if at all: none of its 45 investments on record names it as the lead.

### Where does Pacific Economic Development Canada invest?

Most of the companies it backs are in Canada (95%) and the United States (5%).

### Is Pacific Economic Development Canada investing now?

Yes: it is actively investing, with 10 investments in the last 12 months.

### Who does Pacific Economic Development Canada invest alongside?

Most often Innovate BC (5 rounds together), Creative Destruction Lab (4 rounds together) and BDC Capital (3 rounds together).

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