When was BEST Funds founded?

BEST Funds was founded in 1996.

Where is BEST Funds' headquarters located?

BEST Funds' headquarters is located in Toronto (Canada).

How many companies has BEST Funds invested in?

BEST Funds has invested in 68 companies, including Financeit & Dejero.

Which companies has BEST Funds invested in lately?

Perch & ZoneTV are the latest investments by BEST Funds.

What sectors does BEST Funds focus on for investments?

Top sectors in BEST Funds' portfolio are Enterprise Applications (36 investments) and FinTech (8 investments).

How many exits has BEST Funds been involved in?

BEST Funds' portfolio has seen 4 IPOs and 35 acquisitions.

BEST Funds - 2026 Investor Profile, Portfolio & Investment Trends

1. Financeit

Point-of-sale consumer financing solution. It offers a point of sale financing to customers for purchases from the partnered businesses. It enables pre-authorized payments to pay off the plan. It pre-approves applicants based on the credit reports. Interest rates vary depending on the size of the payment plan, the details of the credit report, and the type of product or project purchased.

Key facts about Financeit

Founded Year: 2011
Location: Toronto (Canada)
Stage: Acquired
Total Funding till date: $41.9M
Employee Count: 334 as on May 31, 2026
Investors: TTV Capital, IA Capital Group and 12 Others
Latest Funding Round: Series C, Dec 14, 2017, $*****
Highlight: Acquired

2. Dejero

Technology solutions provider for broadcasting. It provides media broadcasting services that include remote acquisition, management & distribution of professional live video over IP networks. It offers live broadcasting of news and other stories through wireless video cellular networks. Offers LIVE Plus platform for broadcasters, media organizations, and mobile production companies to transmit the live video over a cellular network. It also provides public transit/transportation operators with end-to-end connectivity solutions like software, hardware, network & connectivity services for bus, rail, and vehicle fleets.

Key facts about Dejero

Founded Year: 2008
Location: Waterloo (Canada)
Stage: Series C
Total Funding till date: $87.8M
Employee Count: 134 as on May 31, 2026
Investors: Runway Growth Capital, Golden Triangle Angel Network and 9 Others
Latest Funding Round: Venture Debt, Dec 04, 2025, $*****
Highlight: Editors' Pick

3. Electrovaya

Manufacturer of lithium-ion battery technology and energy storage systems. The company provides battery systems for various applications, including material handling, e-mobility, and grid-scale energy storage. It offers battery modules and cells using lithium-ion ceramic technology. The company focuses on providing safe and long-lasting battery solutions.

Key facts about Electrovaya

Founded Year: 1997
Location: Mississauga (Canada)
Stage: Public
Employee Count: 118 as on May 31, 2026
Investors: Sustainable Development Technology Canada, BEST Funds and 2 Others
Latest Funding Round: Grant (prize money), Oct 17, 2024, $*****
Highlight: Public

4. 01 Communique

Provider of Zero trust remote access software. Key features include incident tracking; concurrent chats; custom survey tools; live chat software; remote session control. Monetizes based on the number of licenses.

Key facts about 01 Communique

Founded Year: 1992
Location: Mississauga (Canada)
Annual Revenue: $0 - $1M as on Oct 31, 2022
Stage: Public
Employee Count: 49 as on May 27, 2025
Investors: BEST Funds and 1 Other
Latest Funding Round: Post IPO, Oct 07, 2025, $*****
Highlight: Public

5. ZoneTV

Digital entertainment network for Pay TV. It aggregates digital-first brands into channel lineups for PayTV. It combines PayTV and OTT to deliver programming to TV households through distribution partners and helps to generate advertising and subscription-based revenue-share opportunities. Also provides direct integration with set-top boxes.

Key facts about ZoneTV

Founded Year: 2002
Location: Toronto (Canada)
Stage: Acquired
Total Funding till date: $26.6M
Employee Count: 21 as on May 31, 2026
Investors: TD Bank, BEST Funds and 2 Others
Latest Funding Round: Series A, Oct 11, 2022, $*****
Highlight: Acquired

View the full list of portfolio companies

BEST Funds has invested in 68 companies over the last 21 years, with an average of 0 new investment annually in the last 10 years. Its most recent first time investment was in Perch and most recent follow-on round was in DisclosureNet.

View all investments by BEST Funds

BEST Funds has made 10 investments in Series A stage with an average round size of $3.22M, 4 investments in Seed stage with an average round size of $1.71M, 2 investments in Series B stage with an average round size of $7.84M, 2 investments in Venture Debt stage with an average round size of $150K and 1 investment in Conventional Debt stage with an average round size of $4M.

Here are BEST Funds' investments by stage:

Stage of entry	No. of Investments
Series A	10
Seed	4
Series B	2
Venture Debt	2
Conventional Debt	1

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

View all investments by BEST Funds

BEST Funds has a diverse portfolio, with companies operating in the Enterprise Applications, Consumer, FinTech, Vertical SaaS and Enterprise Infrastructure. Notably, it has invested in 54 Enterprise (B2B) companies, 47 Tech companies, 35 Software companies and at least 15 companies focusing on Saas.

Here are BEST Funds' investments by sector:

Sector	No. of Investments
Enterprise Applications	13
Consumer	5
FinTech	5
Vertical SaaS	4
Enterprise Infrastructure	3
Others	22

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

View all investments by BEST Funds

BEST Funds has made most investments in Canada (18), followed by United States where it has made 1 investment.

Here are BEST Funds' investments by geography:

Country	No. of Investments
Canada	18
United States	1

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

View all investments by BEST Funds

BEST Funds has not made any investment in 2026 so far.

Here are the most recent investments by BEST Funds:

Filter this list

Date	Company	Location	Round Details	Round Amount	Co-Investors
Oct 18, 2022	Perch	Canada	Series A	4751	Second Century Ventures [+2]
Nov 16, 2015	ZoneTV	Canada	Seed	8298	-
Jul 20, 2015	GroupBy	Canada	Series A	4744	Tier One Capital
Dec 14, 2014	Signifi	Canada	Venture Debt	8510	-
Nov 13, 2014	Financeit	Canada	Venture Debt	8734	-

See more recent investments made by BEST Funds

4 of BEST Funds' portfolio companies have become public. 01 Communique got listed on the Toronto Stock Exchange - Venture Exchange (TSX-V), in Jul 2014 at marketcap of $156M and Cymat got listed on the Toronto Stock Exchange - Venture Exchange (TSX-V) at marketcap of undefined.

Here are BEST Funds' portfolio companies that went public:

Filter this list

Company	IPO Date	First Invested on	First Round of Investment	Round Size
01 Communique	Jul 31, 2014	-	-	7398
Cymat	Oct 21, 2013	-	-	3114
Indigo	Dec 14, 2010	-	-	3109
Electrovaya	Nov 10, 2000	-	-	9363

View more details about public companies in BEST Funds' portfolio

35 companies from BEST Funds' portfolio have been acquired. The most recent acquisition was GroupBy in Feb 2025 by Rezolve for $*****.

Here are BEST Funds' portfolio companies that got acquired most recently:

Filter this list

Company	Acquisition Date	First Invested on	First Round of Investment	Round Size
GroupBy	Feb 13, 2025	Jul 20, 2015	Series A	6164
Optessa	Feb 22, 2024	-	-	6985
ZoneTV	Jan 24, 2024	Nov 16, 2015	Seed	4931
Financeit	Feb 11, 2022	Nov 13, 2014	Venture Debt	3608
Geminare	Nov 01, 2021	-	-	5100

View all acquired companies in BEST Funds' portfolio

Over the past 21 years, 33 investors have co-invested in BEST Funds's portfolio companies. This includes funds and angels.

Invested before BEST Funds: TTV Capital, IA Capital Group and 5 others have invested in rounds before BEST Funds. There is 1 company where TTV Capital has invested before BEST Funds and 1 company where IA Capital Group has invested before BEST Funds.
Top Co-investors of BEST Funds: 12 investors entered a company along with BEST Funds. These include investors like Roynat Capital (2 companies).
Invested after BEST Funds: A total of 14 investors have invested in BEST Funds's portfolio after their investments. Top Investors include Goldman Sachs (1 company) and DNS Capital (1 company).