National Bank Financial logo

National Bank Financial

North America, Quebec, Canada, Montréal

Description

National Bank Financial (NBF) operates as the investment banking, wealth management, and capital markets arm of National Bank of Canada, one of Canada's leading integrated financial groups. Established in 1902, NBF provides a comprehensive suite of financial services to individual and institutional investors, corporations, and government agencies. Its core offerings include corporate and investment banking, private wealth management, and institutional sales and trading. Unlike traditional venture capital firms, NBF's primary role in the capital markets involves facilitating large-scale financial transactions rather than making direct equity investments in early-stage startups.

Investor Profile

National Bank Financial has backed more than 46 startups, with 2 new investments in the last 12 months alone. The firm has led 15 rounds, about 33% of its total and boasts 46 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Post Ipo Equity, Post Ipo Debt, Series Unknown rounds (top funding stages).
  • Majority of deals are located in Canada, United States, Australia.
  • Strong thematic focus on Energy, Oil and Gas, Manufacturing.
  • Led 2 rounds in the past year.

Stage Focus

  • Post Ipo Equity (67%)
  • Post Ipo Debt (22%)
  • Series Unknown (4%)
  • Post Ipo Secondary (2%)
  • Series C (2%)
  • Private Equity (2%)

Country Focus

  • Canada (91%)
  • United States (4%)
  • Australia (2%)
  • France (2%)

Industry Focus

  • Energy
  • Oil And Gas
  • Manufacturing
  • Precious Metals
  • Industrial
  • Real Estate
  • Rental
  • Financial Services
  • Sustainability
  • Property Management
circle-line
FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does National Bank Financial frequently co-invest with?

Cormark Securities Inc.
North America, Ontario, Canada, Toronto
Co-Investments: 16
Canaccord Genuity Group
North America, Ontario, Canada, Toronto
Co-Investments: 18
Desjardins Securities
North America, Ontario, Canada, Lévis
Co-Investments: 10
CIBC World Markets
North America, New York, United States, New York
Co-Investments: 26
RBC Capital Markets
North America, New York, United States, Albany
Co-Investments: 12
TD Securities
North America, Ontario, Canada, Toronto
Co-Investments: 23
SC
North America, Texas, United States, Houston
Co-Investments: 15
Raymond James
North America, Georgia, United States, Atlanta
Co-Investments: 21
Paradigm Capital
North America, Ontario, Canada, Toronto
Co-Investments: 24
GMP Securities
North America, Ontario, Canada, Toronto
Co-Investments: 12

Which angels does National Bank Financial often collaborate with?

ES
Oceania, Queensland, Australia
Shared Deals: 1

What are some of recent deals done by National Bank Financial?

Metalla Royalty & Streaming

Vancouver, Alberta, Canada

Metalla Royalty & Streaming generates leveraged precious metal exposure by acquiring royalties and streams.

MiningMining TechnologyPrecious Metals
Post Ipo DebtJun 24, 2025
Amount Raised: $29,198,316
Canadian Life Companies Split Corp

Toronto, Ontario, Canada

Canadian Life Companies Split is an investment corporation designed to pay monthly cash dividends.

Asset ManagementFinanceFinancial Services
Post Ipo EquityJun 19, 2025
Amount Raised: $29,169,189
New Found Gold Corp.

Toronto, Ontario, Canada

New Found Gold Corp. is actively exploring district size gold exploration projects in Newfoundland and Ontario.

MiningPrecious Metals
Post Ipo EquityDec 7, 2022
Amount Raised: $50,000,000
Artis REIT

Winnipeg, Manitoba, Canada

Artis REIT is a diversified commercial real estate investment company focusing on industrial, office, and retail properties.

BankingCommercial Real EstateReal Estate Investment
Post Ipo DebtApr 26, 2022
Amount Raised: $200,000,000
Superior Plus

Toronto, Ontario, Canada

Superior plus is to provide long-term stable dividends and premium returns to shareholders through value-based growth in core assets.

ChemicalConstructionOil and Gas
Post Ipo EquityMar 28, 2022
Amount Raised: $288,000,000
Innergex

Longueuil, Quebec, Canada

Innergex Renewable Energy is a hydro, wind and solar energy resources.

EnergyEnvironmental EngineeringRenewable Energy
Post Ipo EquityFeb 22, 2022
Amount Raised: $172,506,038
Good Natured Products

Vancouver, British Columbia, Canada

Good Natured Products distributes a wide assortment of everyday products made from plants in North America.

Advanced MaterialsConsumer GoodsPackaging ServicesPlastics and Rubber ManufacturingSustainability
Post Ipo DebtOct 28, 2021
Amount Raised: $17,250,000
Nuvei

Montréal, Quebec, Canada

Nuvei is a fintech company offering a modular, flexible platform for payments, payouts, card issuing, banking, and risk/fraud management.

FinanceFinancial ServicesFinTechPayments
Post Ipo SecondaryJun 1, 2021
Amount Raised: $500,000,000
OceanaGold Corporation

Melbourne, Victoria, Australia

OceanaGold Corporation is a significant Pacific Rim gold producer, listed on the Toronto, Australian

ManufacturingMining TechnologyPrecious Metals
Post Ipo EquitySep 29, 2020
Amount Raised: $112,352,583
Great Bear Resources

Vancouver, British Columbia, Canada

Great Bear Resources is a Canadian gold exploration company focused in Northwestern Ontario.

MineralMiningPrecious Metals
Post Ipo EquityJun 2, 2020
Amount Raised: $24,424,453