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Pelorus Venture Capital Ltd. is a venture capital fund established in 2015 and headquartered in Newfoundland and Labrador, Canada. The firm is dedicated to enhancing the Atlantic Canadian startup ecosystem by investing in pre-seed innovation companies. Pelorus VC collaborates closely with founders, providing active advisory support to assist in the commercialization of their products and services.
The firm manages a total of $30 million across its Venture NL I & II funds, which were created in partnership with the Province of Newfoundland and Labrador, BDC Capital Inc., and several angel investors. Pelorus VC's commitment to local investment and founder support positions it as a key player in the regional innovation landscape.
Pelorus VC targets pre-seed and seed stage companies across various sectors, with a strong emphasis on Newfoundland and Labrador. The fund's investment strategy includes initial investments ranging from $250,000 to $500,000, allowing for significant support at critical early stages of development. The firm aims to bolster the local ecosystem by actively partnering with founders, providing not just capital but also strategic guidance to help bring their innovations to market.
In addition to its financial backing, Pelorus VC's collaboration with local government and angel investors enhances its ability to support startups effectively. The firm seeks to identify promising ventures that align with its mission of fostering regional growth and innovation.
Chris Moyer | Managing Partner. Chris has extensive experience in venture capital and has led numerous successful investments in the Atlantic Canadian region.
Sarah Murphy | Partner. Sarah brings a wealth of knowledge in startup development and has a strong background in supporting early-stage companies.
Greg Smyth | Venture Partner. Greg has a proven track record in venture capital and is known for his expertise in guiding startups through their growth phases.
Founders interested in pitching to Pelorus VC should visit their website at pelorusvc.com to submit their proposals. The firm prefers detailed decks that outline the business model, market opportunity, and team background. Response times may vary, but founders are encouraged to follow up if they do not receive a timely reply.
What are Pelorus VC's investment criteria?
Pelorus VC invests in pre-seed and seed stage companies across various sectors, focusing primarily on those located in Newfoundland and Labrador.
How can founders apply or pitch to Pelorus VC?
Founders can submit their pitches through the Pelorus VC website at pelorusvc.com. The firm encourages detailed presentations that outline the business model, market opportunity, and team background.
What makes Pelorus VC different from other venture capital firms?
Pelorus VC distinguishes itself through its active advisory support and commitment to the Atlantic Canadian ecosystem. The firm partners closely with founders to help them commercialize their products and services.
What is the geographic scope of Pelorus VC's investments?
The firm primarily invests in companies located in Newfoundland and Labrador, although it may consider opportunities in other parts of North America.
What is the typical check size for investments?
Pelorus VC typically invests between $250,000 and $500,000 in its portfolio companies, providing substantial early-stage funding.
What kind of post-investment involvement does Pelorus VC have?
Pelorus VC maintains an active role in supporting its portfolio companies, offering advisory services and strategic guidance to help them succeed.
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