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Conexus Venture Capital is an early-stage venture capital firm founded in 2019 by Conexus Credit Union. Based in Saskatchewan, Canada, the firm focuses on supporting high-growth technology startups to enhance the local economy. The organization was established to address a significant funding gap in the local tech ecosystem, as Saskatchewan startups received less than 0.5% of all venture capital funds deployed across Canada in 2017.
Since its inception, Conexus has launched its first fund in 2019 and is set to launch a second fund in 2024, demonstrating its ongoing commitment to the local tech landscape. The firm currently manages a portfolio of five companies and aims to provide capital, knowledge, and resources to entrepreneurs in the Canadian prairies.
Conexus Venture Capital invests in early-stage technology startups located in the Canadian prairies, specifically targeting sectors such as AI, healthcare, IoT, fintech, and edtech. The firm operates at the pre-seed, seed, and Series A stages, with check sizes ranging from $900,000 to $5 million. This investment strategy is designed to fuel the local tech ecosystem by providing essential resources to entrepreneurs.
The firm seeks to partner with startups that demonstrate high growth potential and innovative solutions. Conexus emphasizes the importance of local engagement and aims to support companies that contribute to the economic development of Saskatchewan. Their investment thesis focuses on addressing the funding gap in the region, ensuring that promising startups receive the necessary capital to thrive.
Conexus Venture Capital's portfolio includes notable companies that reflect its investment strategy:
This diverse portfolio showcases Conexus's commitment to supporting local technology companies across various sectors, contributing to the growth of Saskatchewan's tech ecosystem.
Jordan McFarlen: Managing Director with a background in venture capital and technology investments. He has led multiple funding rounds and has expertise in scaling startups.
Alex Shimla: Principal who specializes in early-stage investments and has a strong track record in supporting technology companies. His previous experience includes roles in investment banking and corporate finance.
Gabrielle Schubach, CPA: Manager of VC Finance & Operations, responsible for financial oversight and operational support for portfolio companies. She brings experience from the finance sector and has worked with various startups.
Startups interested in pitching to Conexus Venture Capital should visit their website at conexusventurecapital.ca. It is recommended to include a comprehensive pitch deck that outlines the business model, market opportunity, and financial projections. Response times may vary, but founders should expect to hear back within a few weeks.
In 2024, Conexus Venture Capital is set to launch its second fund, furthering its commitment to supporting local technology startups in Saskatchewan. This follows the successful launch of its first fund in 2019, which has already made significant investments in five companies.
Recent portfolio highlights include LiOra's successful $5.1 million seed round and Taiv's impressive $14.4 million CAD Series A funding, showcasing the firm's active role in fostering growth within the local tech ecosystem.
What are Conexus Venture Capital's investment criteria?
Conexus focuses on early-stage technology startups in sectors such as AI, healthcare, IoT, fintech, and edtech. They invest at the pre-seed, seed, and Series A stages, with check sizes ranging from $900,000 to $5 million.
How can startups apply or pitch to Conexus?
Startups can submit their pitches through the Conexus Venture Capital website at conexusventurecapital.ca. It is advisable to include a detailed business plan and financial projections in the pitch deck.
What makes Conexus Venture Capital different from other firms?
Conexus is uniquely focused on addressing the funding gap in Saskatchewan's tech ecosystem. Their commitment to supporting local entrepreneurs and enhancing the local economy sets them apart from other venture capital firms.
What is Conexus's geographic scope?
The firm primarily invests in startups located in the Canadian prairies, with a strong emphasis on Saskatchewan.
What kind of post-investment involvement does Conexus have?
Conexus provides ongoing support to its portfolio companies, offering resources, knowledge, and connections to help them grow and succeed in their respective markets.
What is the size of Conexus's funds?
Conexus launched its first fund in 2019 and is preparing to launch a second fund in 2024, although specific fund sizes have not been disclosed.
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