# Who Invests With Government of Canada: 19 Co-Investors (2026) > The 19 investors that have backed two or more of the same startups as Government of Canada, by kind: vc firms, government funds and accelerators. Source: https://millionrounds.com/portfolio-maps/government-of-canada-co-investors (Millionrounds; every figure on the page links to its filing or article) ## VC firms 12 - [BDC Capital](https://millionrounds.com/fund/bdc-venture-capital) - [*IQ* Investissement Quebec](https://millionrounds.com/fund/investissement-quebec-2) - [*CE* Canada Economic Development for Quebec Regions](https://millionrounds.com/fund/canada-economic-development-for-quebec-regions) - [*NR* National Research Council of Canada Industrial Research Assistance Program](https://millionrounds.com/fund/national-research-council-of-canada-industrial-research-assi) - [*OC* Ontario Centres of Excellence](https://millionrounds.com/fund/ontario-centres-of-excellence) - [Radical Ventures](https://millionrounds.com/fund/radical-ventures) - [Inovia Capital](https://millionrounds.com/fund/inovia-capital) - [Dorm Room Fund](https://millionrounds.com/fund/dorm-room-fund) - [Alberta Innovates](https://millionrounds.com/fund/alberta-innovates) - [*CG* Canadian Government](https://millionrounds.com/fund/canadian-government) - [Founders Fund](https://millionrounds.com/fund/founders-fund) - [Index Ventures](https://millionrounds.com/fund/index-ventures) ## Government funds 4 - [Desjardins Venture Capital](https://millionrounds.com/fund/desjardins-venture-capital) - [Natural Resources Canada](https://millionrounds.com/fund/natural-resources) - [Export Development Canada](https://millionrounds.com/fund/export-development-canada) - [AQC Capital](https://millionrounds.com/fund/aqc-capital) ## Accelerators 3 - [Creative Destruction Lab](https://millionrounds.com/fund/creative-destruction-lab) - [Y Combinator](https://millionrounds.com/fund/y-combinator) - [Google for Startups](https://millionrounds.com/fund/google-for-startups) ## Segment by segment ### VC firms 12 investors - [**BDC Capital**](https://millionrounds.com/fund/bdc-venture-capital) VC firm Canada 7 backed - [*IQ* **Investissement Quebec**](https://millionrounds.com/fund/investissement-quebec-2) Investment firm - 6 backed - [*CE* **Canada Economic Development for Quebec Regions**](https://millionrounds.com/fund/canada-economic-development-for-quebec-regions) Investment firm - 4 backed - [*NR* **National Research Council of Canada Industrial Research Assistance Program**](https://millionrounds.com/fund/national-research-council-of-canada-industrial-research-assi) VC firm Canada 4 backed - [*OC* **Ontario Centres of Excellence**](https://millionrounds.com/fund/ontario-centres-of-excellence) VC firm Canada 3 backed - [**Radical Ventures**](https://millionrounds.com/fund/radical-ventures) VC firm Canada 2 backed - [**Inovia Capital**](https://millionrounds.com/fund/inovia-capital) VC firm Canada 2 backed - [**Dorm Room Fund**](https://millionrounds.com/fund/dorm-room-fund) VC firm United States 2 backed ### Government funds 4 investors - [**Desjardins Venture Capital**](https://millionrounds.com/fund/desjardins-venture-capital) Government fund Canada 4 backed - [**Natural Resources Canada**](https://millionrounds.com/fund/natural-resources) Government fund Canada 4 backed - [**Export Development Canada**](https://millionrounds.com/fund/export-development-canada) Government fund Canada 4 backed - [**AQC Capital**](https://millionrounds.com/fund/aqc-capital) Government fund Canada 2 backed ### Accelerators 3 investors - [**Creative Destruction Lab**](https://millionrounds.com/fund/creative-destruction-lab) Accelerator Canada 10 backed - [**Y Combinator**](https://millionrounds.com/fund/y-combinator) Accelerator United States 5 backed - [**Google for Startups**](https://millionrounds.com/fund/google-for-startups) Accelerator United States 3 backed **How this map is made.** Every investor here has backed two or more of the same startups as Government of Canada, in rounds we track. Grouped by kind, each ranked by how many startups it shares with Government of Canada. Rebuilt nightly; updated 15 November 2026. ## More portfolio maps [All portfolios](https://millionrounds.com/portfolio-maps) [Portfolio map **Government of Canada portfolio map** 61 startups · $24B](https://millionrounds.com/portfolio-maps/government-of-canada-portfolio-map)[Sector portfolio **Government of Canada's AI portfolio** 12 startups · $22B](https://millionrounds.com/portfolio-maps/government-of-canada-ai-portfolio)[Co-investors **Who invests with Export Development Canada** 38 co-investors](https://millionrounds.com/portfolio-maps/export-development-canada-co-investors)[Co-investors **Who invests with Desjardins Venture Capital** 16 co-investors](https://millionrounds.com/portfolio-maps/desjardins-venture-capital-co-investors)[Co-investors **Who invests with Y Combinator** 1,812 co-investors](https://millionrounds.com/portfolio-maps/y-combinator-co-investors)[Co-investors **Who invests with 500 Global** 996 co-investors](https://millionrounds.com/portfolio-maps/500-startups-co-investors) ## Raising from investors like Government of Canada? 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