# Rho Canada: portfolio, investments and team

> Rho Canada is an investment firm. 25 investments on record, latest May 2018. Portfolio, stages, co-investors and team.

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

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

# Rho Canada

Last cheque observed May 2018. Silence since then is not evidence of inactivity: our sources miss unannounced rounds.

Quiet Investment firm

Series B Venture Seed

Cheques on record

**0%** of best year **0** **cheques in 12 months**, 25 on record

Since the last cheque **3086** days **00** hrs **00** min **00** sec

Median round **$15M** Rounds led **0 of 25** Sole investor **1 rounds** Exits **5 from the portfolio** Mostly in **Canada, 58%**

Pitch Rho Canada

## Rho Canada highlights

- 01 25 rounds on record
- 02 Mostly Series B and Venture: 52% of its rounds
- 03 Sole investor in 1 rounds, median $800K
- 04 5 exits from the portfolio

## What they do

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

## The record

Every round we can evidence, newest first **25 appearances**

- **2018** 1 round
- **May** **[Auvik Networks](https://millionrounds.com/company/auvik-networks)** Series C · CA · FinSMEs **$20M** With 1 other
- **2017** 1 round
- **Jun** **[Figure 1](https://millionrounds.com/company/figure-1)** Series B · US · FinSMEs **$10M** With 6 others
- **2014** 2 rounds
- **Sept** **[Frank & Oak](https://millionrounds.com/company/frank-and-oak-2)** Series B · CA **$15M** With 8 others
- **Jan** **[Smart Skin Technologies](https://millionrounds.com/company/smart-skin-technologies)** Seed · US **$3.9M** With 3 others
- **2013** 3 rounds
- **Nov** **[Analyze Re](https://millionrounds.com/company/analyze-re)** Series A · CA **$1.4M** With 3 others
- **May** **[Auvik Networks Inc.](https://millionrounds.com/company/auvik-networks-inc)** Series A · CA · techvibes.com **$6.0M** With 2 others
- **Feb** **[Extreme Startups](https://millionrounds.com/company/extreme-startups)** Venture · CA **$1.8M** With 4 others
- **2012** 8 rounds
- **Dec** **[CloudPay](https://millionrounds.com/company/cloudpay)** Series B · US · venturebeat.com **$16M** With 2 others
- **Nov** **[Chango](https://millionrounds.com/company/chango)** Venture · US · techcrunch.com **$12M** With 4 others
- **Nov** **[InboundWriter](https://millionrounds.com/company/inboundwriter)** Venture · US · finsmes.com **$2.5M** With 4 others
- **Oct** **[Frank & Oak](https://millionrounds.com/company/frank-and-oak-2)** Venture · CA · techcrunch.com **$5.0M** With 4 others
- **Aug** **[ShopLocket](https://millionrounds.com/company/shoplocket)** Seed · CA · thenextweb.com **$1.0M** With 4 others
- **Feb** **[Engagio (old)](https://millionrounds.com/company/engagio-old)** Seed · CA · venturebeat.com **$540K** With 5 others
- **Feb** **[Mobio](https://millionrounds.com/company/mobio)** Debt · CA · marketwire.com **$3.0M** With 2 others
- **Jan** **[Extreme Startups](https://millionrounds.com/company/extreme-startups)** Venture · CA · techcrunch.com **$7.0M** With 4 others
- **2011** 5 rounds
- **Nov** **[Fixmo](https://millionrounds.com/company/fixmo)** Series C · CA · finsmes.com **$23M** With 5 others
- **Nov** **[Beyond the Rack](https://millionrounds.com/company/beyond-the-rack)** Series B · CA · finsmes.com **$37M** With 6 others
- **May** **[Eightfold Logic](https://millionrounds.com/company/eightfold-logic)** Series C · US · finsmes.com **$2.0M** With 3 others
- **May** **[Mobio](https://millionrounds.com/company/mobio)** Series A · CA · marketwire.com **$3.9M** With 2 others
- **Feb** **[Chango](https://millionrounds.com/company/chango)** Series B · US · finsmes.com **$4.3M** With 4 others
- **2010** 1 round
- **May** **[Eightfold Logic](https://millionrounds.com/company/eightfold-logic)** Venture · US · techcrunch.com **$5.2M** With 4 others
- **2008** 3 rounds
- **Sept** Series B · startupmeme.com **$7.0M** With 6 others
- **Aug** **[Evolver](https://millionrounds.com/company/evolver)** Seed · US · rho.com **$800K** Sole investor
- **May** **[Iscopia Software](https://millionrounds.com/company/iscopia-software)** Series B · CA · iscopia.com **$7.0M** With 2 others
- **2007** 1 round
- **Nov** **[Makeover Solutions](https://millionrounds.com/company/makeover-solutions)** Series A · US · pehub.com **$7.0M** 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.

## Exits from the portfolio

Companies it backed that were later bought or listed **5 in all**

**[Fixmo](https://millionrounds.com/company/fixmo)** Bought by [Good Technology](https://millionrounds.com/fund/good-technology) **Undisclosed** Jun 2014

**[Mobio](https://millionrounds.com/company/mobio)** Bought by SayType **Undisclosed** May 2013

**[Engagio (old)](https://millionrounds.com/company/engagio-old)** Bought by Influitive **Undisclosed** Feb 2013

**[Makeover Solutions](https://millionrounds.com/company/makeover-solutions)** Bought by StyleCaster **Undisclosed** Nov 2012

**[Evolver](https://millionrounds.com/company/evolver)** Bought by [Autodesk](https://millionrounds.com/fund/autodesk) **Undisclosed** Aug 2011

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

## The cheque

Series B Venture Seed

Median round joined **$15M** the round, not its cheque Alone, median **$800K**

Led 0 of 25 rounds **0%**

- **Sole investor:** 1 rounds
- **Last cheque:** May 2018
- **Exits:** 5 from the portfolio

Rounds by stage said on their site

- Series B *7*
- Venture *6*
- Seed *4*
- Series A *4*
- Series C *3*
- Debt *1*

Cheques by year Led Joined

2007 2018

Often in the room with

- [BDC Capital](https://millionrounds.com/fund/bdc-venture-capital) 6
- [Extreme Venture Partners](https://millionrounds.com/fund/extreme-venture-partners) 6
- [Inovia Capital](https://millionrounds.com/fund/inovia-capital) 4
- [Castile Ventures](https://millionrounds.com/fund/castile-ventures) 3
- [Formative Ventures](https://millionrounds.com/fund/formative-ventures) 3
- [BDMI](https://millionrounds.com/fund/1745-ventures) 2

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## Who they invest alongside

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

[**BDC Capital** VC firm **6** rounds together](https://millionrounds.com/fund/bdc-venture-capital)[**Extreme Venture Partners** Accelerator **6** rounds together](https://millionrounds.com/fund/extreme-venture-partners)[**Inovia Capital** VC firm **4** rounds together](https://millionrounds.com/fund/inovia-capital)[**Castile Ventures** VC firm **3** rounds together](https://millionrounds.com/fund/castile-ventures)[**Formative Ventures** VC firm **3** rounds together](https://millionrounds.com/fund/formative-ventures)[**BDMI** Corporate VC **2** rounds together](https://millionrounds.com/fund/1745-ventures)[**Fonds de solidarite Ftq** VC firm **2** rounds together](https://millionrounds.com/fund/fonds-de-solidarite-ftq)[**Garage Technology Ventures Canada** VC firm **2** rounds together](https://millionrounds.com/fund/garage-technology-ventures-canada)[**Lightbank** VC firm **2** rounds together](https://millionrounds.com/fund/lightbank)[**Metamorphic Ventures** VC firm **2** rounds together](https://millionrounds.com/fund/metamorphic-ventures)[**Naavon** Investment firm **2** rounds together](https://millionrounds.com/fund/naavon)[**Omers Ventures** VC firm **2** rounds together](https://millionrounds.com/fund/omers-ventures)

## Recently backed

The latest companies Rho Canada put money into.

[**Auvik Networks** $20M · May 2018](https://millionrounds.com/company/auvik-networks)

## Quick answers about Rho Canada

### What does Rho Canada invest in?

Rho Canada invests most often at Series B and Venture (52% of the rounds on record).

### How active is Rho Canada?

25 investments on record, 0 of them in the last 12 months. The most recent was in May 2018.

### What has Rho Canada invested in recently?

Its most recent investments on record: Auvik Networks (Series C, May 2018) and Figure 1 (Series B, Jun 2017).

### How big are Rho Canada's cheques?

The median round it joins is $15M.

### Does Rho Canada lead rounds?

Rarely, if at all: none of its 25 investments on record names it as the lead.

### Where does Rho Canada invest?

Most of the companies it backs are in Canada (58%) and the United States (42%).

### Is Rho Canada investing now?

No investments in the last 12 months; the latest was in May 2018.

### Who does Rho Canada invest alongside?

Most often BDC Capital (6 rounds together), Extreme Venture Partners (6 rounds together) and Inovia Capital (4 rounds together).

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