# Dundee Capital Markets

> Dundee Capital Markets is a VC fund in Toronto backing Energy, Oil and Gas and SaaS. See 5 investments, round sizes, portfolio. Updated Aug 2026.

- Type: VC Fund
- Location: Toronto, Canada
- Total investments: 5
- Last investment: Dec 2016
- Lead investor: 40%
- Last updated: Aug 2026
- Website: https://www.dundeecapitalmarkets.com

Dundee Capital Markets is a full-service Canadian boutique investment dealer that works with our affiliates Dundee Securities Inc.

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Energy | 3 | 60% |
| Oil and Gas | 3 | 60% |
| SaaS | 1 | 20% |
| FinTech | 1 | 20% |
| Finance | 1 | 20% |

12 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Post-IPO Equity | 3 | 60% |
| Series A | 1 | 20% |

## Investments

| Company | Description | Round size | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Spartan Energy Corp. | Spartan Energy Corp. is a Calgary-based crude oil and natural gas exploration and production company with producing properties focused in Saskatchewan.• Experienced management team• High quality asset base - light oil focused - high working interest and operatorship - majority of production tied into facilities -extensive inventory of drilling locations - large database of 3-D seismic coverage | $396.9M | Post-IPO Equity | Dec 08, 2016 |  |
| Gran Tierra Energy | Gran Tierra Energy is a company focused on oil and gas exploration and production in Colombia and Ecuador. | $130M | Post-IPO Equity | Nov 21, 2016 |  |
| Yangarra Resources | Yangarra Resources is a junior oil and gas company engaged in the exploration, development, and production of natural gas and oil. It has operations in Western Canada, with the main focus on Central Alberta, where the Company has an extensive infrastructure and landholdings. | $8.4M | Post-IPO Equity | May 05, 2016 |  |
| Payfirma | Payfirma offers a payment platform that makes it simple to take payments in any way, and provides paymentanalytics to help people make better business decisions. Today we processes payments for thousands of businesses across North America. The PayHQ payment platform is used by local trade companies and professional services to global online retailers, national publishers, non-profits and large enterprises. We bring enterprise-level payment systems to SMBs in a simple package with amazing customer service. Our core purpose is to make it easy for people to grow their business. | $13M | Series A | May 27, 2015 |  |
| Yangarra Resources | Yangarra Resources is a junior oil and gas company engaged in the exploration, development, and production of natural gas and oil. It has operations in Western Canada, with the main focus on Central Alberta, where the Company has an extensive infrastructure and landholdings. | $20.1M | Post-IPO Equity | Apr 28, 2015 |  |

5 of 5 investments shown.

## Co-investors
- [Paradigm Capital](https://shizune.co/investors/profile/paradigm-capital) — VC Fund, 4 deals together
- [Acumen Capital Finance Partners](https://shizune.co/investors/profile/acumen-capital-finance-partners) — VC Fund, 2 deals together
- [ATB Capital Markets](https://shizune.co/investors/profile/altacorp-capital) — VC Fund, 2 deals together
- [Clarus Securities](https://shizune.co/investors/profile/clarus-securities) — VC Fund, 2 deals together
- [Industrial Alliance Securities](https://shizune.co/investors/profile/industrial-alliance-securities-inc) — VC Fund, 2 deals together
- [Scotia Capital](https://shizune.co/investors/profile/scotia-capital) — VC Fund, 2 deals together

## Similar investors

### Similar stage
- [RA Capital Management](https://shizune.co/investors/profile/ra-capital-management) — VC Fund
- [KB Securities](https://shizune.co/investors/profile/kb-securities) — VC Fund
- [Frazier Healthcare Partners](https://shizune.co/investors/profile/frazier-healthcare-ventures) — VC Fund

## FAQ

### What does Dundee Capital Markets invest in?

Dundee Capital Markets invests primarily in Energy, Oil and Gas and SaaS startups, most often at Post-IPO Equity and Series A stage. Most of the 5 investments tracked by Shizune back companies in Canada. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### When did Dundee Capital Markets last invest?

The most recent investment recorded for Dundee Capital Markets closed in Dec 2016. Shizune tracks 5 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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