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eFund is a venture capital organization founded in 2011 and based in British Columbia, Canada. It operates as an Employee Business Corporation / Venture Capital Corporation (EBC/VCC), which allows BC-resident investors to claim a 30% provincial tax credit. The fund pools over 180 accredited angel investors who can participate actively or passively in sourcing deals, performing due diligence, and providing mentorship post-investment. This structure enhances the investment process and aligns the interests of investors and startups.
Since its inception, eFund has made 96 investments across 49 companies, achieving 6 successful exits. The organization focuses on early-stage technology companies, particularly in sectors such as Information Technology, Cleantech, and Life Sciences. eFund's investment strategy emphasizes unique technology, validated product-market fit, and scalable business models, aiming to achieve higher returns and more exits from its portfolio.
eFund's office is located in British Columbia, and it actively engages with local angel investor groups and pitch venues. The organization has established partnerships with entities like SFU VentureLabs, further enhancing its reach and resources in the startup ecosystem.
eFund invests in early-stage technology companies located in British Columbia, specifically targeting sectors such as AI, SaaS, healthcare, and biotech. The organization seeks companies that demonstrate unique technology, validated product-market fit, scalable business models, and strong execution teams. eFund typically makes initial investments of around $100,000 CAD, with opportunities for follow-on funding to support portfolio companies as they grow.
In addition to direct investments, eFund engages in syndicating deals with partner investors, allowing for collaborative funding approaches. The organization emphasizes the importance of due diligence and shares findings with its network of investors to enhance the investment process. eFund's investment thesis is centered on achieving high returns and successful exits by focusing on technology-driven companies that address significant market needs.
eFund has made a total of 96 investments across 49 companies, achieving 6 exits to date. While specific names and descriptions of portfolio companies are not publicly available, the organization focuses on early-stage technology ventures in British Columbia. The sectors of interest include AI, SaaS, healthcare, and biotech, aligning with eFund's investment strategy.
Notable exits from eFund's portfolio demonstrate the potential for high returns in the technology sector. The organization’s approach to sourcing deals and conducting thorough due diligence has contributed to its success in achieving exits. eFund's portfolio reflects a commitment to supporting innovative companies that are well-positioned for growth in their respective markets.
As of April 2023, eFund has made significant strides in the investment landscape, completing a total of 96 investments across 49 companies since its founding in 2011. The organization has achieved 6 successful exits, showcasing its effectiveness in identifying and supporting high-potential startups.
In 2019, eFund invested $1.4 million across 16 companies, indicating an average check size of approximately $87,000 CAD per deal. This consistent investment activity reflects eFund's commitment to early-stage technology ventures in British Columbia.
What are eFund's investment criteria?
eFund focuses on early-stage technology companies in British Columbia. They look for unique technology, validated product-market fit, scalable business models, and strong teams. Companies must demonstrate proof of traction and a clear exit route.
How can I pitch to eFund?
Founders interested in pitching to eFund should prepare a detailed presentation that outlines their business model, market opportunity, and team. While specific application forms are not mentioned, reaching out through their contact form is recommended.
What is the typical check size for investments?
eFund typically makes initial investments of around $100,000 CAD. There is potential for follow-on investments as companies progress and require additional funding.
What makes eFund different from other VCs?
eFund operates as an Employee Business Corporation, allowing BC-resident investors to claim a 30% provincial tax credit. This structure, combined with a network of over 180 accredited angel investors, enhances the support and resources available to portfolio companies.
What is eFund's geographic focus?
eFund exclusively invests in companies located in British Columbia, ensuring a strong local presence and understanding of the regional market dynamics.
How involved is eFund post-investment?
eFund provides mentorship and support to its portfolio companies, leveraging the expertise of its collective team of experienced investors. This involvement helps startups navigate challenges and scale effectively.
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