PRE SEED STAGE INVESTING
We are a Venture Capital Fund manager focused on Atlantic Canada. We currently manage Venture Newfoundland and Labrador LP that invests in pre seed stage companies.
WHO WE ARE
We started Pelorus Venture in 2015 because we believe in building the Atlantic Canadian eco-system. We partner early. We strive to be authentic and transparent in all our communication. We mentor companies, help them commercialize and grow while providing venture returns for the investors. We bring an experienced voice to venture capital. We work with founders who disrupt and who continue to develop their bold ideas. We strive to create an aligned relationship between investor and entrepreneur.
VENTURE NL I
About the Fund
Venture Newfoundland and Labrador LP is a private venture capital fund created by Pelorus, the Province of Newfoundland and Labrador, BDC Capital Inc. and angel investors. The goal of the Fund is to invest in and partner with entrpreneurs with innovative technologies, to help commercialize their product and services and grow their companies while providing venture returns for the investors.
The people we've backed
Why use spreadsheets to plan and organize your social media content, when there is a tool designed to seamlessly involve your clients in the creative process?
We are Clockwork Fox Studios – a digital gaming and educational technology studio. We are committed to developing learning systems based on interactive technologies that result in significantly improved learning outcomes.
Sentinel Alert’s software let’s you learn from your workforce to create safer, smarter worksites. Get a 360° view of worker safety and deep insights into operations so you can achieve safer productivity
It is our goal to launch the 100k Genome Project, a community-based initiative enabling innovative science, in Newfoundland and Labrador.
MEDIA & PRESS UPDATES
SEQUENCE BIO RAISES $3 MILLION USD SEED FINANCING LED BY DCVC
August 3, 2016
Canadian data-driven biotechnology company Sequence Bio announced the closing of a US $3 million series seed financing round led by Data Collective (DCVC), a leading venture capital firm based in Silicon Valley. DCVC was joined in the financing by existing investors Killick Capital, Venture NL and Klister Credit Corp.
VENTURE NEWFOUNDLAND AND LABRADOR LP AND PARTNERS INVEST $1.9 MILLION IN NEWFOUNDLAND AND LABRADOR COMPANIES
January 26, 2016
Three growing Newfoundland and Labrador companies will be the latest investments totaling $1.9 million in funding today by Venture Newfoundland and Labrador LP, BDC Capital, Killick Capital and private angel investors. Managing Director of Venture Newfoundland and Labrador LP, Tom Hayes, and the Hon. Chris Mitchelmore, Minister of Business, Tourism, Culture, Recreation and Rural Development will join founders and investors today at Common Ground in the latest funding announcement.
FOSTERING A CULTURE OF INVESTMENT AND GROWTH VENTURE NEWFOUNDLAND AND LABRADOR ANNOUNCES FIRST INVESTMENT
July 21, 2015
Sequence Bio is the first company to benefit from Venture Newfoundland and Labrador, a venture capital fund established by the Government of Newfoundland and Labrador and managed by Pelorus Venture Capital Ltd. The fund is designed to provide greater access to capital for innovative entrepreneurs with high-growth potential start-ups.
NEWFOUNDLAND AND LABRADOR GRADUATES OF PROPEL ICT’S BUILD PROGRAM NOW ELIGIBLE FOR UP TO $250,000 IN STARTUP INVESTMENT FROM PELORUS VENTURE CAPITAL
June 23, 2015
Propel ICT, Atlantic Canada’s startup accelerator, today announced that Newfoundland and Labrador companies completing its Build accelerator program are now eligible for up to $250,000 in investment funding from Pelorus Venture Capital Limited, the manager of Venture Newfoundland and Labrador. The funding is offered as an equity investment.
VENTURE NEWFOUNDLAND AND LABRADOR FUND IS OPEN FOR BUSINESS
May 26, 2015
Pelorus Venture Capital Limited, the manager of Venture Newfoundland and Labrador is pleased to announce the first closing of the fund by three investors including the Government of Newfoundland and Labrador, BDC Capital and Pelorus Venture Capital GP Limited.
MEET THE TEAM
Our team has worked together in early stage seed investment for over nine years. We started Pelorus Venture in 2015 to bring another voice to the Atlantic Canadian venture capital. We’ve worked with hundreds of entrepreneurs and have mentored founders alongside Propel ICT, Launch36, Planet Hatch, The StartUp Zone and Volta Labs. We are active across Newfoundland & Labrador and provide mentorship and support to Nova Scotia, New Brunswick and Prince Edward Island ecosystems. We work with leaders in the tech sector while we grow partnership opportunities and recruit private investors. With an extensive background in finance and operations management we continue to build a world class team to further expand across the region ultimately leading to more deals and better investments for bold entrepreneurs.
Chris is highly active in the Atlantic Canadian eco-system. With 10 years at Growthworks and deep finance and accounting background Chris has mentored companies alongside regional accelerators and local incubators across all four provinces. Chris actively serves on seven boards for his portfolio companies three of which are in NL.
MBA, Saint Mary’s University, CMA Designation, B.Comm Dalhousie University
Derek Lew has advised, started and invested in technology companies for over 20 years. He is President & CEO of venture capital fund manager GrowthWorks Capital Ltd., and is a Partner with Initio Group, a Vancouver, BC-based early-stage angel investment firm. He is Chair of the British Columbia Innovation Council, which is mandated to accelerate technology commercialization.
BA, University of British Columbia, LLB University of Alberta