Canadian Business Growth Fund (CBGF) is an evergreen investment fund providing long-term, patient, minority capital to ambitious entrepreneurs to fund growth and expansion of mid-market Canadian companies. Headquartered in Toronto, CBGF has capital commitments of $545 million.
Their most common stage is growth (62% of deals). Average disclosed round size is $21.2M (across 8 rounds with reported amounts).
Portfolio
12
Fund Size
$545M
Top Stage
Growth
Last 12 Mo
0
Team
DT
Dale Tingley
CO-MANAGING PARTNER
KS
Kuba Soltysiak
DIRECTOR
JL
Jamie Learmonth
VICE PRESIDENT
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
16 investments
| Company | Round | Amount | Date |
|---|---|---|---|
| AAmilia | Growth | $35M | May 2025 |
| PProcedureFlow | Growth | $11.8M | Jan 2022 |
| SShopperplus | Series A | — | Sep 2021 |
 Cold Bore Technology | Series C | $14M | Jul 2021 |
| PProdigy | Series B | — | Jan 2021 |
| PProdigy | Growth | — | Jan 2021 |
| PProposify | Growth | — | Jan 2021 |
 Appnovation | Series B | — | Sep 2020 |
 Librestream | Series D | $24M | Jun 2020 |
| PProdigy | Growth | — | Jan 2019 |
| PPaybright | Growth | $34M | Jan 2018 |
| Appnovation | Growth | — | — |
| AAppficiency | Growth | — | — |
| PPaystone | Growth | $30M | — |
| MMaxsold | Series B | $16.1M | — |
| MMaxsold | Growth | $5M | — |
Top Co-Investors
Export Development Canada4 shared
BGF2 shared
TSG Consumer Partners2 shared
Volvo Group Venture Capital1 shared
BDC Capital1 shared
CIBC Innovation Banking1 shared
Emerald Technology Ventures1 shared
Business Growth Fund1 shared
Rice Investment Group1 shared
bp ventures1 shared
Celtic House Venture Partners1 shared
Celtic House Asia Partners1 shared
Framework Ventures1 shared
Last updated: 14 September 2026