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NAventures

North America, Quebec, Canada, Montréal

Description

NAventures is the corporate venture capital arm of the National Bank of Canada, established in 2017 to strategically invest in and partner with innovative technology companies. Based in Montréal, Canada, NAventures plays a crucial role in the bank's digital transformation efforts by identifying and backing promising startups that are poised to reshape the financial services landscape. Its mandate extends beyond mere capital provision, aiming to foster collaborative relationships that leverage the bank's extensive expertise and network to support portfolio companies' growth.

The firm primarily focuses on fintech and adjacent technology sectors that are strategic to the financial industry. This includes, but is not limited to, areas such as artificial intelligence, blockchain, data analytics, cybersecurity, wealth management solutions, payments, and capital markets technologies. NAventures targets a broad spectrum of companies, from early-stage ventures (seed, Series A, Series B) to more mature growth-stage enterprises. Their typical first cheque investments range significantly, starting from approximately $1 million and extending up to $20 million or more, depending on the stage and strategic alignment of the opportunity.

NAventures distinguishes itself by offering more than just financial backing; it provides portfolio companies with access to the National Bank of Canada's resources, including its client base, operational insights, and regulatory expertise. This strategic partnership approach helps accelerate the development and market adoption of new technologies, benefiting both the startups and the bank's core operations. Since its inception, NAventures has built a diverse portfolio, having made over 40 investments in companies across Canada, the United States, and other international markets, solidifying its position as a key player in the North American fintech investment ecosystem.

Investor Profile

NAventures has backed more than 22 startups, with 2 new investments in the last 12 months alone. The firm has led 2 rounds, about 9% of its total and boasts 9 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Series A, Series B, Series C rounds (top funding stages).
  • Majority of deals are located in Canada, United States.
  • Strong thematic focus on FinTech, Financial Services, Finance.
  • Led 1 rounds in the past year.
  • Typical check size: $1M – $20M.

Stage Focus

  • Series A (50%)
  • Series B (18%)
  • Series C (14%)
  • Series Unknown (9%)
  • Seed (9%)

Country Focus

  • Canada (64%)
  • United States (36%)

Industry Focus

  • Fintech
  • Financial Services
  • Finance
  • Software
  • Artificial Intelligence (Ai)
  • Real Estate
  • Insurtech
  • Banking
  • Analytics
  • Machine Learning
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FAQ

Frequently Asked Questions

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

Who does NAventures frequently co-invest with?

Portage Ventures
North America, Ontario, Canada, Toronto
Co-Investments: 5
Activant Capital
North America, Connecticut, United States, Greenwich
Co-Investments: 2
Diagram Ventures
North America, Quebec, Canada, Montréal
Co-Investments: 6
Google Ventures
North America, California, United States, Mountain View
Co-Investments: 2
Real Ventures
North America, Quebec, Canada, Montréal
Co-Investments: 3
White Star Capital
North America, New York, United States, New York
Co-Investments: 3
BDC Venture Capital
North America, Alberta, Canada, Calgary
Co-Investments: 3
Andreessen Horowitz
North America, California, United States, Menlo Park
Co-Investments: 2
National Bank of Canada
North America, Alberta, Canada, Calgary
Co-Investments: 5
Evolution Ventures
North America, California, United States, Cupertino
Co-Investments: 2

Which angels does NAventures often collaborate with?

ES
North America, California, United States, Mountain View
Shared Deals: 1
Peter Aceto
North America, Ontario, Canada, Toronto
Shared Deals: 1
MP
North America, California, United States, San Francisco
Shared Deals: 1
VP
North America, New York, United States, Manhattan
Shared Deals: 1
MR
North America, Washington, United States, Bellevue
Shared Deals: 1

What are some of recent deals done by NAventures?

Sardine

Miami, Florida, United States

Sardine is a fraud prevention and compliance software company for the digital economy.

CryptocurrencyFinTechFraud DetectionSoftware
Series CFeb 11, 2025
Amount Raised: $70,000,000
Walnut Insurance

Toronto, Ontario, Canada

Walnut Insurance is an insurance company that provides embedded insurance infrastructure to retailers and financial services providers.

Embedded SoftwareFinanceFinancial ServicesFinTechInsurance
Series AAug 8, 2024
Amount Raised: $3,348,828
Maxa AI

Montréal, Quebec, Canada

Maxa AI provides automated machine intelligence technology solutions.

Artificial Intelligence (AI)Information TechnologyMachine LearningSoftware
Series AMay 29, 2024
Amount Raised: $21,000,000
Synctera

San Francisco, California, United States

Synctera is a banking technology platform that enables community banks and fintech companies to collaborate and provide financial services.

BankingFinanceFinancial ServicesFinTech
Series AMar 4, 2024
Amount Raised: $18,600,000
d1g1t

Toronto, Ontario, Canada

d1g1t is a digital wealth management platform powered by analytics that offers advanced, transparent portfolio management services.

AnalyticsFinancial ServicesFinTechManagement Information SystemsWealth Management
Series UnknownSep 27, 2023
Synctera

San Francisco, California, United States

Synctera is a banking technology platform that enables community banks and fintech companies to collaborate and provide financial services.

BankingFinanceFinancial ServicesFinTech
Series AMar 9, 2023
Amount Raised: $15,000,000
Nesto

Montreal, Quebec, Canada

Nesto is a digital mortgage platform helping lenders to improve and streamline their operations with the the nesto Mortgage Cloud.

Financial ServicesFinTechReal Estate
Series CDec 13, 2022
Amount Raised: $80,000,000
Ownly

Calgary, Alberta, Canada

Ownly is the real estate buyer's verification platform. Give buyer's a secure way to confirm their Identities and buying power in minutes.

AnalyticsBig DataLead GenerationReal EstateSoftware
SeedOct 3, 2022
Amount Raised: $2,550,000
Sardine

Miami, Florida, United States

Sardine is fraud prevention and compliance software company for the digital economy.

CryptocurrencyFinTechFraud DetectionSoftware
Series BSep 20, 2022
Amount Raised: $51,500,000
FX HedgePool

New York, New York, United States

The world’s leading peer-to-peer matching platform for institutional foreign exchange transactions.

Financial ServicesFinTech
Series AAug 31, 2022
Amount Raised: $8,000,000