Investors / Export Development Canada
Export Development Canada
Export Development Canada is a government or Crown investor based in Canada. Export Development Canada has backed 10 Canadian AI companies in the Index, joining 13 tracked rounds and leading 2. The most recent was Waabi's US$750M Series C in January 2026. Export Development Canada most often invests alongside Breakthrough Energy Ventures, Graham Partners and NVentures (Nvidia).
Government/Crown based in Canada. 10 Canadian AI companies in the Index, 13 tracked rounds, 2 as lead.
- Type
- Government/
Crown - HQ country
- Canada
- Companies
- 10
- Tracked rounds
- 13
- Led
- 2
- First tracked deal
- Nanoprecise Sci Corp, Jan 2023
- Latest tracked deal
- Waabi, Jan 2026
Portfolio
| Company | Rounds joined (date, round size) | Company's total raised | Role |
|---|---|---|---|
| Waabi | Series C · Jan 2026 · US$750M round | US$1B | — |
| GeologicAI | Series A · Jul 2023 · US$30M roundSeries B · Jul 2025 · US$44M round | US$74M | — |
| Nanoprecise Sci Corp | Series B · Jan 2023 · US$10M round (lead)Series C · Mar 2025 · US$38M round | US$48M | Led Series B |
| Novarc Technologies | Series A · Sep 2023 · US$20M roundSeries B · Mar 2025 · US$50M round (lead) | C$101.2M | Led Series B |
| HiringBranch | Series A · Dec 2024 · C$5M round | C$5M | — |
| Tenstorrent | Series D · Dec 2024 · US$693M round | US$2.5B | — |
| Cohere | Series D · Jul 2024 · US$500M round | C$9.1B | — |
| Raven Connected | Series A · Jun 2024 · C$10M round | C$10M | — |
| Niricson | Series A · Aug 2023 · C$10M round | C$10M | — |
| Koïos Intelligence | Venture round · May 2023 · C$6.5M round | C$6.5M | — |
A round's size is the whole round as announced, not this investor's cheque.
Frequent co-investors
Breakthrough Energy Ventures (2 shared rounds), Graham Partners (2 shared rounds), NVentures (Nvidia) (2 shared rounds), Telus Global Ventures (2 shared rounds), AFW Partners (1 shared round), AMD Ventures (1 shared round), Anges Québec (1 shared round), BDC Industrial Innovation Venture Fund (1 shared round)
In the newsletter
Data as of November 10, 2026.