# T2C2 Capital: portfolio, investments and team

> T2C2 Capital is an investment firm based in Canada. 9 investments on record, latest Oct 2006. Portfolio, stages, co-investors and team.

Source: https://millionrounds.com/fund/t2c2-capital (Millionrounds; every figure on the page links to its filing or article)

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

# T2C2 Capital

Last cheque observed Oct 2006. Silence since then is not evidence of inactivity: our sources miss unannounced rounds.

Quiet Investment firm

Series B Venture Series A

Cheques on record

**0%** of best year **0** **cheques in 12 months**, 9 on record

Since the last cheque **7307** days **00** hrs **00** min **00** sec

Median round **$12M** Rounds led **0 of 9** Exits **3 from the portfolio** Mostly in **Canada, 78%**

Pitch T2C2 Capital

## T2C2 Capital highlights

- 01 9 rounds on record
- 02 Mostly Series B and Venture: 89% of its rounds
- 03 3 exits from the portfolio

## What they do

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

## The record

Every round we can evidence, newest first **9 appearances**

- **2006** 1 round
- **Oct** **[Cytheris](https://millionrounds.com/company/cytheris)** Series B · FR · cytheris.com **$31M** With 7 others
- **2005** 3 rounds
- **Oct** **[Topigen Pharmaceuticals](https://millionrounds.com/company/topigen-pharmaceuticals)** Series B · CA **$5.1M** With 5 others
- **May** **[BioAxone Therapeutic](https://millionrounds.com/company/bioaxone-therapeutic)** Series B · CA · biospace.com **$12M** With 3 others
- **Jan** **[Enobia Pharma](https://millionrounds.com/company/enobia-pharma)** Series A · CA · researchviews.com **$16M** With 3 others
- **2004** 1 round
- **Dec** **[Topigen Pharmaceuticals](https://millionrounds.com/company/topigen-pharmaceuticals)** Venture · CA **$19M** With 4 others
- **2003** 2 rounds
- **Nov** **[Chronogen](https://millionrounds.com/company/chronogen)** Series B · CA **$13M** With 3 others
- **Nov** **[IatroQuest Corporation](https://millionrounds.com/company/iatroquest-corporation)** Venture · CA **$11M** With 3 others
- **2001** 2 rounds
- **Dec** **[Cytochroma](https://millionrounds.com/company/cytochroma)** Venture · US **$2.2M** With 3 others
- **Oct** **[Interomex BioPharmaceuticals](https://millionrounds.com/company/interomex-biopharmaceuticals)** Series B · CA **$4.0M** 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 **3 in all**

**[Cytochroma](https://millionrounds.com/company/cytochroma)** Bought by [OPKO Health](https://millionrounds.com/fund/opko-health) **Undisclosed** Jan 2013

**[Enobia Pharma](https://millionrounds.com/company/enobia-pharma)** Bought by [Alexion Pharmaceuticals](https://millionrounds.com/fund/alexion-pharmaceuticals) **Undisclosed** Dec 2011

**[Topigen Pharmaceuticals](https://millionrounds.com/company/topigen-pharmaceuticals)** Bought by Pharmaxis **Undisclosed** Jan 2010

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

## The cheque

Series B Venture Series A

Median round joined **$12M** the round, not its cheque

Led 0 of 9 rounds **0%**

- **Sole investor:** Never alone
- **Last cheque:** Oct 2006
- **Exits:** 3 from the portfolio

Rounds by stage said on their site

- Series B *5*
- Venture *3*
- Series A *1*

Cheques by year Led Joined

2001 2006

Often in the room with

- [BDC Capital](https://millionrounds.com/fund/bdc-venture-capital) 6
- [Desjardins Venture Capital](https://millionrounds.com/fund/desjardins-venture-capital) 6
- [Fonds de solidarite Ftq](https://millionrounds.com/fund/fonds-de-solidarite-ftq) 5
- [Caisse de Depot et Placement du Quebec](https://millionrounds.com/fund/caisse-de-depot-et-placement-du-quebec) 2
- [Innovatech Grand Montreal](https://millionrounds.com/fund/innovatech-grand-montreal) 2

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## Who they invest alongside

The investors most often in the same rounds as T2C2 Capital. 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)[**Desjardins Venture Capital** Government **6** rounds together](https://millionrounds.com/fund/desjardins-venture-capital)[**Fonds de solidarite Ftq** VC firm **5** rounds together](https://millionrounds.com/fund/fonds-de-solidarite-ftq)[**Caisse de Depot et Placement du Quebec** Institutional LP **2** rounds together](https://millionrounds.com/fund/caisse-de-depot-et-placement-du-quebec)[**Innovatech Grand Montreal** VC firm **2** rounds together](https://millionrounds.com/fund/innovatech-grand-montreal)

## Quick answers about T2C2 Capital

### What does T2C2 Capital invest in?

T2C2 Capital invests most often at Series B and Venture (89% of the rounds on record).

### How active is T2C2 Capital?

9 investments on record, 0 of them in the last 12 months. The most recent was in Oct 2006.

### How big are T2C2 Capital's cheques?

The median round it joins is $12M.

### Does T2C2 Capital lead rounds?

Rarely, if at all: none of its 9 investments on record names it as the lead.

### Where does T2C2 Capital invest?

Most of the companies it backs are in Canada (78%), France (11%) and the United States (11%).

### Is T2C2 Capital investing now?

No investments in the last 12 months; the latest was in Oct 2006.

### Who does T2C2 Capital invest alongside?

Most often BDC Capital (6 rounds together), Desjardins Venture Capital (6 rounds together) and Fonds de solidarite Ftq (5 rounds together).

### What kind of investor is T2C2 Capital?

T2C2 Capital is an investment firm based in Canada.

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