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The Canada Pension Plan Investment Board (CPPIB) focuses on late-stage venture and growth equity investments globally, primarily through direct investments and commitments to established venture capital funds. Its strategy emphasizes long-term value creation in high-growth sectors, leveraging its patient capital and global network.
31% of their portfolio is in Climate & Energy. Their most common stage is growth (45% of deals). Average disclosed round size is $548.7M (across 28 rounds with reported amounts).
Portfolio
29
Fund Size
—
Top Stage
Growth
Last 12 Mo
1
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
29 investments
| Company | Round | Amount | Date |
|---|---|---|---|
 Coralogix | Series E | $115M | Jun 2025 |
| CChestnut Carbon | Series D | $160M | Feb 2025 |
 Fervo Energy | Series C | $221M | Feb 2024 |
 Covariant | Series C | $75M | Apr 2023 |
 Redaptive | Growth | $200M | Dec 2022 |
 VoltaGrid LLC | Growth | $150M | Oct 2022 |
 Ziply Fiber | Growth | $450M | Sep 2022 |
 Eruditus | Growth | $650M | Aug 2021 |
 Redwood Materials | Series C | $700M | Jul 2021 |
| Covariant | Series C | $80M | Jul 2021 |
 Turntide Technologies | Series D | $225M | Jun 2021 |
 Waymo | Growth | $2.5B | Jun 2021 |
 Databricks | Series G | $1B | Feb 2021 |
 Sila Nanotechnologies | Series F | $590M | Jan 2021 |
| Waymo | Growth | $2.3B | Mar 2020 |
| Sila Nanotechnologies | Series B | $45M | Nov 2019 |
 Scopely | Growth | $200M | Oct 2019 |
 Fabric | Series B | $110M | Oct 2019 |
 Compass | Series G | $370M | Jul 2019 |
 ChargePoint | Series D | $240M | Nov 2018 |
 Lulus | Growth | $120M | May 2018 |
| LLanding AI | Series A | $57M | — |
 Perfect Day | Growth | $300M | — |
| Waymo | Growth | $2.5B | — |
| SSana Biotechnology | Growth | $435M | — |
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Top Co-Investors
Temasek Holdings6 shared
Andreessen Horowitz4 shared
T. Rowe Price4 shared
Tiger Global Management4 shared
SoftBank Vision Fund3 shared
Alphabet3 shared
Magna3 shared
Silver Lake3 shared
Franklin Templeton3 shared
Fidelity Investments3 shared
JLL Spark2 shared
Breakthrough Energy Ventures2 shared
NewView Capital2 shared
Mubadala Investment Company2 shared
Perry Creek Capital2 shared
AutoNation2 shared
Index Ventures2 shared
Amplify Partners2 shared
Radical Ventures2 shared
Coatue Management2 shared
Last updated: 8 March 2026