About LaunchPad PEI
LaunchPad PEI, an accelerator and incubator program founded in 2004, is based in Charlottetown, Canada. With a presence in 2 countries, it has supported around 13 startups in sectors like Enterprise Applications, High Tech. Most notable companies in
its portfolio include SpryPoint, Chinova Bioworks and BioCraft. The program is backed by a team of 1 people who primarily support Seed startups based in United States. Its latest investment was a Undisclosed Seed round in Tunedly on Sep 2016.
Key Metrics
Founded Year
2004
Location
Charlottetown, Canada
Portfolio Companies
Sectors of Investment
Stages of Investment
Seed
Locations of Investment
LaunchPad PEI's List of Top Investments
LaunchPad PEI has a portfolio of 13 companies. Their most notable investmentis in TunedlyTheir portfolio spans across Canada and United States. They have invested in Enterprise Applications, High Tech, Media & Entertainment and 5 other sectors, across stages such as Seed stage. Here is the list of top investments by LaunchPad PEI:1. SpryPoint
Cloud-based field services management suite solutions for the utility sector. It provides features such as work order management, asset tracking, location mapping,, maintenance management, back-office integration, job dispatching, signature capture, etc. It also offers tools for equipment testing, order creation, inspection tracking, comments tracking, workforce field analytics, etc. It has solutions for electricity, gas, broadband, water, and sewer sectors.
Key facts about SpryPoint
- Founded Year: 2011
- Location: Charlottetown (Canada)
- Stage: Series A
- Employee Count: 45 as on Dec 31, 2024
- Investors: Canadian Imperial Bank of Commerce, Insight Partners and 2 Others
- Latest Funding Round: Series A, Jan 20, 2026, $*****
Developer of plant-based food preservative products. The company offers food preservatives made using mushrooms that have anti-microbial properties. The preservatives can be used in various industries like dairy, meat, beverage, etc.
Key facts about Chinova Bioworks
- Founded Year: 2016
- Location: Fredericton (Canada)
- Stage: Series A
- Total Funding till date: $8.44M
- Employee Count: 32 as on Jul 22, 2025
- Investors: DSM, C9 Capital and 11 Others
- Latest Funding Round: Series A, Mar 05, 2025, $*****
3. BioCraft
BioCraft Pet Nutrition is a biotech company that specializes in developing cultured meat for the pet food market. They are focused on creating safe, sustainable, and cruelty-free alternatives to traditional animal meat for pets.
Key facts about BioCraft
- Founded Year: 2016
- Location: Delaware (United States)
- Stage: Seed
- Total Funding till date: $1.23M
- Employee Count: 26 as on Jan 31, 2026
- Investors: Stray Dog Capital, Draper and 5 Others
- Latest Funding Round: Seed, May 20, 2021, $*****
4. TerraVerdae
Developer of technology to produce biomaterials from the non-food-based feedstock. The company is running a development program for the production of engineered biomaterials, specialty bioactive metabolites, and industrial biochemicals from an integrated C1 (Single Carbon) biorefinery platform. The company works with clients helping them in product development using their technology. Their products can be used as polymer or composite additives.
Key facts about TerraVerdae
- Founded Year: 2009
- Location: Edmonton (Canada)
- Stage: Series A
- Total Funding till date: $3.23M
- Employee Count: 9 as on Dec 31, 2024
- Investors: National Research Council Canada, Alberta Innovates and 3 Others
- Latest Funding Round: Series A, Mar 23, 2021, $*****
- Highlight: Editors' Pick
5. Tunedly
Online music creation and mastering platform. It allows users to create music with the help of other musicians and singers. Users can keep the rights of their created music. It also provides services such as pro-sounding music with live instruments, music mixing, mastering, singer, musician hiring from the platform. Offers premium service with subscription packages based on project type.
Key facts about Tunedly
- Founded Year: 2015
- Location: St. Louis (United States)
- Stage: Seed
- Total Funding till date: $50K
- Employee Count: 11 as on Jul 01, 2024
- Investors: Capital Innovators, UpVentures Capital and 7 Others
- Latest Funding Round: Seed, Sep 29, 2017, $*****
- Highlight: Editors' Pick
LaunchPad PEI's Investments by Stage
LaunchPad PEI has made 1 investment in Seed stage.LaunchPad PEI's Investments by Sector
LaunchPad PEI has a diverse portfolio, with companies operating in the Consumer and Media & Entertainment. Notably, it has invested in 7 Enterprise (B2B) companies, 7 Tech companies, 6 Software companies and at least 4 companies focusing on Saas.LaunchPad PEI's Investments by Geography
LaunchPad PEI has made most investments in United States (1).LaunchPad PEI's recent investments
LaunchPad PEI has not made any investment in 2026 so far.Here are the most recent investments by LaunchPad PEI:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Sep 2016 | United States | Seed | 9556 | - |
Team profile of LaunchPad PEI
LaunchPad PEI has a team of 1 member located in Canada. LaunchPad PEI's team does not sit on the board of any company as of now.Co-investors of LaunchPad PEI
Over the past 10 years, 3 investors have co-invested in LaunchPad PEI's portfolio companies. This includes only funds.
- Invested before LaunchPad PEI: StartFast has invested before LaunchPad PEI.
- Invested after LaunchPad PEI: UpVentures Capital (1 company) and Capital Innovators (1 company) are the investors which have invested in LaunchPad PEI's portfolio after their investments.
