The Canadian Business Growth Fund (CBGF) provides long-term, patient, minority capital to ambitious entrepreneurs to fund growth and expansion of mid-market businesses with investments between $3 and $20 million. An evergreen investment fund with capital commitments of $545 million, CBGF is committed to long-term partnerships with the companies it invests in. As part of its mission to drive growth, CBGF connects business leaders and sector experts to help its partner businesses achieve their full potential.
Location: Canada, Ontario, Toronto
Employees: 11-50
Founded date: 2018
Investment Stage: Series B
Portfolio 36
| Date | Name | Website | Total Raised | Location |
| 11.07.2025 | Minus Wast... | minussolutions.com | - | Canada, On... |
| 05.07.2025 | Litco LSO | litcolso.com | - | Canada, Al... |
| 11.02.2025 | Layla | layla.care | - | Canada, On... |
| 11.02.2025 | ChangeMake... | thechangemakers.com | - | Canada, On... |
| 16.06.2023 | FundThroug... | fundthrough.com | $135.8M | Canada, On... |
| 20.03.2023 | Specialty ... | specialtymedicalpartners.com | - | Canada, On... |
| 08.12.2022 | Felix | felixforyou.ca | $42.13M | Canada, On... |
| 28.11.2022 | Believeco:... | believecopartners.com | - | Canada, Al... |
| 28.07.2022 | ProcedureF... | procedureflow.com | $12M | Canada, Ne... |
| 25.05.2022 | Amilia | amilia.com | $65M | Canada, Mo... |
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Mentions in press and media 15
| Date | Title | Description |
| 17.02.2026 | AI Innovator Seamflow Secures $4.5M to Revolutionize Global Certification | Seamflow, an AI innovator, secured $4.5M in seed funding. Based in London, this company is poised to revolutionize the critical Testing, Inspection, and Certification (TIC) industry. Its advanced AI platform streamlines increasingly complex... |
| 11.02.2026 | Seamflow Raises $4.5M in Seed Funding | Seamflow, a London, UK-based AI-first software platform provider, raised $4.5M in Seed funding. The round was led by Northzone and Initialized Capital, with participation from Entrepreneur First, Nebular, and angel investors including Charl... |
| 09.07.2025 | Minus Waste Solutions Receives Growth Equity Investment from Canada Business Growth Fund | Minus Waste Solutions, a Vaughan, Ontario, Canada-based provider of sustainable food waste recycling and resource recovery services, received a Growth Equity investment from Canada Business Growth Fund. The amount of the deal was not disclo... |
| 09.05.2025 | Amilia: $35 Million Secured For Advancing Innovation In The Recreation & Membership Industry | Amilia, a provider of management software and payment solutions for the community and recreation industries, announced it has raised $35 million to advance its next phase of growth and innovation. Vertu Capital led the funding round with ad... |
| 22.08.2023 | How BGF is helping companies to expand internationally: Elvie & OSL | Are you considering international expansion opportunities for your business? As a minority equity investor, BGF provides patient capital to our portfolio of growing businesses across the UK and Ireland, helping them to scale until they achi... |
| 10.12.2021 | Kudos secures $10 million from Canadian Business Growth Fund to boost employee engagement | Employee engagement platform provider Kudos has secured a $10 million minority equity investment from the Canadian Business Growth Fund (CBGF). Headquartered in Calgary and founded in 2010, Kudos’ technology enables organizations to boost e... |
| 08.09.2021 | Leading Canadian e-commerce platform, ShopperPlus, announces C$17 million Series-A financing to amplify ambitious growth plans | MONTREAL, Sept. 8, 2021 /PRNewswire/ -- Leading Canadian e-commerce platform, ShopperPlus (or the "Company"), has successfully raised a C$17 million Series-A financing co-led by Celtic House Asia Partners (CHAP) and the Canadian B... |
| 08.09.2021 | Leading Canadian e-commerce platform, ShopperPlus, announces C$17 million Series-A financing to amplify ambitious growth plans | MONTREAL, Sept. 8, 2021 /PRNewswire/ -- Leading Canadian e-commerce platform, ShopperPlus (or the "Company"), has successfully raised a C$17 million Series-A financing co-led by Celtic House Asia Partners (CHAP) and the Canadian B... |
| 04.03.2021 | Xello Secures Follow-On Investment Round from Canadian Business Growth Fund | “We are fortunate to have CBGF as an investor in Xello. This additional funding will help us increase top line growth and fully recognize our goal to help make every student, regardless of background, ability, or pathway, future-ready,"... |
| 21.01.2021 | Paystone secures $69 million as company chases acquisitive growth strategy | Paystone, a London, Ontario and Montreal-based startup that offers customer engagement and payment processing software, has secured a $69 million CAD investment. The financing consisted of both an equity investment and debt financing. With ... |
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