# Canada Economic Development

> Canada Economic Development is a VC fund in Montréal backing Manufacturing and SaaS. See 13 investments, check sizes, portfolio. Updated Aug 2026.

- Type: VC Fund
- Location: Montréal, Canada
- Total investments: 13
- Last investment: Aug 2024
- Lead investor: 92%
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/dec-ced
- X (Twitter): https://twitter.com/DevEconCan

Canada Economic Development is a VC fund in Montréal focused on Manufacturing and SaaS. Canada Economic Development assists businesses, communities, and the organizations that support them through its network of business offices located throughout the province.

## Round sizes

| Stage | Round size |
| --- | --- |
| Grant | $100k–$4.5M |
| Debt Financing | $101k–$5M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Manufacturing | 4 | 31% |
| SaaS | 1 | 8% |
| Events | 1 | 8% |
| Rental | 1 | 8% |
| Sensor | 1 | 8% |

28 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Debt Financing | 8 | 62% |
| Grant | 3 | 23% |
| Funding Round | 1 | 8% |

### Country

| Country | Investments | Share |
| --- | --- | --- |
| Canada | 10 | 77% |
| United States | 1 | 8% |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| MY01 | MY01 offers real-time, accurate muscle pressure measurement that allows users to take timely action. MY01 capitalizes on clinically proven sensitivity and specificity for diagnosing Acute Compartment Syndrome (ACS). The company was founded in 2015 and based in Montréal, Quebec, Canada. |  | Debt Financing | Aug 21, 2024 |  |
| Maison Russet | Russet House provides sweet potato and organic white potato goods to the retail business. Maison Russet offers a service approach that encompasses logistics, product development, quality assurance, and graphic design for private label sweet potato goods. | $3.2M | Grant | Aug 15, 2023 |  |
| Arseno | Arseno specializes in producing practical customised apparel. | $100.6K | Debt Financing | Jul 13, 2023 |  |
| OrganicOcean | OrganicOcean specializes in the development and manufacturing of innovative marine products for plant nutrition. | $345K | Debt Financing | Jul 13, 2023 |  |
| LIBERTY SPRING | Founded in 1986, Liberty Springs designs and assembles complex, high value-added precision springs for the automotive industry and for the recreational and off-road vehicle sector. Canada’s leading manufacturer, the Montmagny-based company has more than 700 employees at five different production sites, including more than 450 employees in Québec.Over two-thirds of production is exported. | $1M | Debt Financing | Jul 12, 2023 |  |
| Abenaki Aventure | Abenaki Aventure wants to highlight Abenaki and Indigenous culture. It offers four-season cottages as well as ready-to-camp trailers. There are also campgrounds for recreational vehicles and tent tourists (cycling tourism). | $100K | Grant | Jun 29, 2023 |  |
| Maille Atelier | Maille Atelier is an SME that specializes in space planning and the design and manufacture of custom furniture. | $350K | Debt Financing | May 26, 2023 |  |
| Omnimed.Com | Omnimed.com provides information technology, health care, computer science, electronic medical record, geek, tele medicine, video conferencing, virtual medicine, and software development services. | $250K | Debt Financing | May 25, 2023 |  |
| C2 Montréal | C2 Montreal is a non-profit organization aiming to reinvent the concept of the annual international conference, in order to better explore the commerce-creativity dynamic and its potential to redefine the business world. | $750K | Grant | May 25, 2023 |  |
| The Unscented Company | The Unscented Company develops and markets a range of unscented body care products. | $250K | Debt Financing | May 24, 2023 |  |

10 of 13 investments shown.

## Co-investors
- [Caisse des Dépôts et Consignations](https://shizune.co/investors/profile/caisse-des-d%C3%A9p%C3%B4ts-et-consignations) — VC Fund, 1 deal together
- [Export Development Canada](https://shizune.co/investors/profile/export-development-canada) — VC Fund, 1 deal together
- [Propulia Capital](https://shizune.co/investors/profile/propulia-capital) — VC Fund, 1 deal together

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## FAQ

### What does Canada Economic Development invest in?

Canada Economic Development invests primarily in Manufacturing, SaaS and Events startups, most often at Debt Financing and Grant stage. Most of the 13 investments tracked by Shizune back companies in Canada. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is Canada Economic Development's check size?

Canada Economic Development typically joins rounds of $100k–$4.5M at Grant and $101k–$5M at Debt Financing. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds Canada Economic Development participates in.

### When did Canada Economic Development last invest?

The most recent investment recorded for Canada Economic Development closed in Aug 2024. Shizune tracks 13 investments in total for this profile, including round sizes, stages and portfolio companies, all sourced from confirmed public funding rounds and refreshed monthly.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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