When was Creative Destruction Lab founded?

Creative Destruction Lab was founded in 2012.

Where is Creative Destruction Lab's headquarters located?

Creative Destruction Lab's headquarters is located in Toronto (Canada).

How big is Creative Destruction Lab's investment team?

Creative Destruction Lab has a team of 544, including 34 partners.

How many companies has Creative Destruction Lab invested in?

Creative Destruction Lab has invested in 47 companies, including D-Wave & Vention.

Which companies has Creative Destruction Lab invested in lately?

Advai & Bioform are the latest investments by Creative Destruction Lab.

How many exits has Creative Destruction Lab been involved in?

Creative Destruction Lab's portfolio has seen 1 IPO.

How many unicorns are there in Creative Destruction Lab's portfolio?

There is 1 unicorn in Creative Destruction Lab's portfolio.

Creative Destruction Lab - 2026 Investor Profile, Portfolio, Team & Investment Trends

Creative Destruction Lab, an accelerator and incubator program founded in 2012, is based in Toronto, Canada. With a presence in 9 countries, it has supported around 47 startups in sectors like Enterprise Applications, High Tech. As of Oct 2026, Creative Destruction Lab has 1 unicorn under its belt and has witnessed 1 portfolio exit. Most notable companies in its portfolio include D-Wave, Vention and Sensi. The program is backed by a team of 544 people who primarily support Grant (prize money) startups based in Canada. Its latest investment was a Undisclosed Seed round in Advai on Oct 18, 2023.

Key Metrics

Founded Year

2012

Location

Toronto, Canada

Portfolio Companies

D-Wave, Vention & 45 more

Sectors of Investment

Enterprise Applications, High Tech & 22 more

Stages of Investment

Seed & Grant (prize money)

Locations of Investment

Canada, United States & 7 more

Unicorn in Portfolio

Ada

View Creative Destruction Lab's full profile

Creative Destruction Lab has a portfolio of 47 companies, one of which is a Unicorn. Their most notable investments include D-Wave and Vention.Their portfolio spans across Canada, United States, United Kingdom and 6 more locations. They have invested in Enterprise Applications, High Tech, HealthTech and 21 other sectors, across stages such as Seed, Grant (prize money) stages. Here is the list of top investments by Creative Destruction Lab:

1. D-Wave

Developer and delivery of quantum computing systems, software, and services. It offers quantum computers a dual-platform quantum computing products and services, spanning both annealing and gate-model quantum computing technologies. It help customers realize the value of quantum today through enterprise-grade systems available on-premises and via its Leap quantum cloud service.

Key facts about D-Wave

Founded Year: 1999
Location: Burnaby (Canada)
Annual Revenue: $10M - $50M as on Dec 31, 2025
Stage: Public
Total Funding till date: $256M
Employee Count: 432 as on May 31, 2026
Investors: Western Technology Investment, Goldman Sachs and 27 Others
Latest Funding Round: Grant (prize money), Sep 09, 2026, $*****
Highlight: Public

2. Vention

Developer of an AI-powered automation platform for manufacturing operations. The platform unifies hardware, software, motion control, and cloud connectivity to streamline factory floor processes. It enables the design, programming, and deployment of automated systems, including robotic cells, conveyors, and workstations, to support various industrial applications.

Key facts about Vention

Founded Year: 2016
Location: Montreal (Canada)
Stage: Series D
Total Funding till date: $263M
Employee Count: 377 as on Sep 30, 2026
Investors: Georgian, Real Ventures and 17 Others
Latest Funding Round: Series D, Jan 27, 2026, $*****
Highlight: Editors' Pick

3. Sensi

Provider of an AI and SaaS-based remote care monitoring platform for caregivers and home agencies. The company has developed a digital platform that assists remote care teams, caregivers, and professionals with elderly care. The platform has AI-based audio technology, real-time activity tracker, and risk management tools for professionals. The software provides system notification, accessibility tools, and more for elderly care management and services.

Key facts about Sensi

Founded Year: 2019
Location: Tel Aviv (Israel)
Stage: Series C
Total Funding till date: $98M
Employee Count: 167 as on Aug 31, 2026
Investors: Smart Partnership Capital, Zeev Ventures and 14 Others
Latest Funding Round: Series C, Oct 09, 2025, $*****

4. Ada

AI platform for text based customer support. The platform helps organizations manage customer conversations across different industries through written communication. It supports handling inquiries, responses, and ongoing support interactions within a centralized online system.

Key facts about Ada

Founded Year: 2016
Location: Toronto (Canada)
Valuation: $*****
Stage: Series C
Total Funding till date: $200M
Employee Count: 803 as on Aug 31, 2026
Investors: Spark Capital, FedDev Ontario and 22 Others
Latest Funding Round: Grant (prize money), Mar 04, 2025, $*****
Highlight: Editors' Pick

5. CUT

Manufacturer focuses on advanced carbon-based building materials. It develops materials suited for concrete and similar construction applications using methods that incorporate captured carbon. Its work supports a range of structural needs through alternatives designed for durability and performance.

Key facts about CUT

Founded Year: 2014
Location: Calgary (Canada)
Stage: Series A
Total Funding till date: $50.9M
Employee Count: 54 as on Aug 31, 2026
Investors: Clean Energy Ventures, Clean Energy Venture Group and 26 Others
Latest Funding Round: Venture Debt, Apr 02, 2026, $*****
Highlight: Editors' Pick

View the full list of portfolio companies

Creative Destruction Lab has invested in 47 companies over the last 9 years, with an average of 0 new investment annually in the last 5 years. Its most recent first time investment was in Advai.

Here are Creative Destruction Lab's Year-on-Year Investment Trends:

Year	No. of Investments
Year	1^st Round	Follow-on	Total
2026 (YTD)	0	0	0
2025	0	0	0
2024	0	0	0
2023	1	0	1
2022	0	0	0
2021	1	0	1
2020	0	0	0
2019	0	0	0
2018	0	0	0
2017	1	0	1

View all investments by Creative Destruction Lab

Creative Destruction Lab has made 2 investments in Seed stage and 1 investment in Grant (prize money) stage with an average round size of $1.2M.

Here are Creative Destruction Lab's investments by stage:

Stage of entry	No. of Investments
Seed	2
Grant (prize money)	1

Note: We have considered here, only first round of investments

View all investments by Creative Destruction Lab

Creative Destruction Lab has a diverse portfolio, with companies operating in the High Tech, Industrial Goods and Manufacturing, Artificial Intelligence - Industry Applications, Consumer and Enterprise Applications. Notably, it has invested in 36 Enterprise (B2B) companies, 36 Tech companies, 26 Software companies and at least 16 companies focusing on Saas.

Here are Creative Destruction Lab's investments by sector:

Sector	No. of Investments
High Tech	2
Industrial Goods and Manufacturing	2
Artificial Intelligence - Industry Applications	1
Consumer	1
Enterprise Applications	1
Others	4

Note: We have considered here, only first round of investments

View all investments by Creative Destruction Lab

Creative Destruction Lab has made most investments in Canada (2), followed by United Kingdom where it has made 1 investment.

Here are Creative Destruction Lab's investments by geography:

Country	No. of Investments
Canada	2
United Kingdom	1

Note: We have considered here, only first round of investments

View all investments by Creative Destruction Lab

Creative Destruction Lab has not made any investment in 2026 so far.

Here are the most recent investments by Creative Destruction Lab:

Filter this list

Date	Company	Location	Round Details	Round Amount	Co-Investors
Oct 18, 2023	Advai	United Kingdom	Seed	6209	-
2021	Bioform	Canada	Grant (prize money)	2293	-
Feb 22, 2017	Vention	Canada	Seed	8933	Bolt [+3]

See more recent investments made by Creative Destruction Lab

Creative Destruction Lab has 1 unicorn in its portfolio - Ada. The most recent unicorn in their portfolio is Ada which became a unicorn in 2021, 5 years before Creative Destruction Lab first invested in it.

Here is a list of unicorns in Creative Destruction Lab's portfolio:

Filter this list

Tracxn Score	Company	Short Description	Founded year	Sector	Location	Company Stage	First Investment/ Acquisition Details
64	Ada	AI platform for text based customer support	2016	High Tech [+1]	Toronto	Series C	igadtoo

View more details about unicorns in Creative Destruction Lab's portfolio

1 of Creative Destruction Lab's portfolio company became public - D-Wave. It got listed on the New York Stock Exchange (NYSE), in Aug 2022.

Here are Creative Destruction Lab's portfolio companies that went public:

Filter this list

Company	IPO Date	First Invested on	First Round of Investment	Round Size
D-Wave	Aug 08, 2022	-	-	7999

View more details about public companies in Creative Destruction Lab's portfolio

Creative Destruction Lab has a team of 544 members including 34 Partners and 1 Principal located in Canada, United Kingdom and 2 more locations. Creative Destruction Lab's team sits on the board of 5 companies.

Here is a list of top team members in Creative Destruction Lab:

Name	Designation	Location	Board Memberships	Contact Details
Alison Sunstrum	Partner	Calgary	erthos and Synergiabiotech	1 Email
Kevin Campbell	Partner	Calgary	Everspring	-
Fred Dawkins	Partner	Guelph	-	-
Ajay Agrawal	Partner	Toronto	-	1 Email
Anthony Lacavera	Partner	Toronto	-	2 Emails, 1 Phone number
John McCall MacBain	Partner	Canada	-	-
Peter Tertzakian	Partner	Calgary	-	-
Mike Broadfoot	Partner	Canada	-	-
Frank Sobey	Partner	Canada	-	-
Sid Mookerji	Partner	United States	-	3 Emails
Mac Van Wielingen	Partner	Calgary	-	1 Email

View team details of Creative Destruction Lab

Over the past 9 years, 15 investors have co-invested in Creative Destruction Lab's portfolio companies. This includes funds and angels.

Top Co-investors of Creative Destruction Lab: 4 investors entered a company along with Creative Destruction Lab. These include investors like Real Ventures (1 company).
Invested after Creative Destruction Lab: A total of 11 investors have invested in Creative Destruction Lab's portfolio after their investments. Top Investors include White Star Capital (1 company) and Louis Tetu (1 company).