About W investments
W investments is a venture capital firm founded in 1996. It is primarily based out of Montreal, Canada. As of Apr 2023, W investments has invested in 37 companies. It primarily invests in Series A round in Canada based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to High Tech and Life Sciences. Most recently it participated in the $***** Series B round of E2ip Technologies Overall, W investments portfolio has seen 2 IPOs and 12 acquisitions including key companies like The Lion Electric, iBwave Solutions and Distech Controls. A lot of funds co-invest with W investments, with names like Fonds de solidarite FTQ sharing a substantial percentage of its portfolio. W investments has team of 11 people including 8 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Series A, Seed & 4 more
Portfolio IPOs
Portfolio Soonicorns
W investments' List of Top Investments
W investments has a portfolio of 37 companies. Their most notable investments are in GoSecure and Bosquet.Their portfolio spans across Canada, United States and United Kingdom. They have invested in Enterprise Applications, High Tech, Life Sciences and 21 other sectors, across stages such as Series A, Seed and 4 more. Here is the list of top investments by W investments:Manufacturer of all-electric school buses and related electric vehicle services. The company provides electric vehicle services dedicated to fleet success. These services include energy consulting, charging solutions, and grant assistance. It also offers technical support, vehicle assistance, parts, training, software, maintenance, and warranty services.
Key facts about The Lion Electric
- Founded Year: 2008
- Location: Saint Jerome (Canada)
- Annual Revenue: $100M - $500M as on Dec 31, 2023
- Stage: Public
- Employee Count: 313 as on Jun 30, 2026
- Investors: Canada Economic Development, Freedom 3 Capital and 7 Others
- Latest Funding Round: Post IPO, Jul 17, 2023, $*****
- Highlight: Public
Developer of software for planning and designing wireless network deployments. The software facilitates the planning, design, and deployment of wireless networks. It offers solutions for enterprises, system integrators, and carriers. The software supports various applications, including private networks, public safety, and Wi-Fi networks.
Key facts about iBwave Solutions
- Founded Year: 2003
- Location: Montreal (Canada)
- Stage: Acquired
- Employee Count: 135 as on Jun 30, 2026
- Investors: BPEA, Fallbrook Private Equity and 5 Others
- Latest Funding Round: Series B, Oct 21, 2013, $*****
- Highlight: Acquired
Distech Controls provides building management technologies and services that optimize energy efficiency and comfort in buildings. It offers EC-NetAX, a Web-based BAS that provides integration of HVAC, lighting, access control, CCTV, energy management, and other building systems: ECLYPSE, which offers connected IP and Wi-Fi product series and many other building management products. Their IP-based solution, Eclypse awarded by Consulting-Specifying Engineer as 2015 top product.
Key facts about Distech Controls
- Founded Year: 1995
- Location: Brossard (Canada)
- Stage: Acquired
- Total Funding till date: $37M
- Employee Count: 511 as on Jun 30, 2026
- Investors: Export Development Canada, EnerTech Capital and 3 Others
- Latest Funding Round: Series A, Mar 21, 2013, $*****
- Highlight: Acquired
4. Averna
Provider of automated test systems, measurement solutions and test engineering services. The company designs and integrates functional test equipment, in-line test systems, and vision-inspection platforms used to validate electronic, electromechanical and connected products throughout prototyping, production and repair stages. Offerings include RF signal testers, protocol and connectivity test tools, machine-vision based inspection, precision assembly systems, and smart data management software for capturing and analyzing test results. Services cover consulting, test strategy, system architecture, automation software development, build-to-print manufacturing, and global support for manufacturers across industries such as automotive, communications, consumer electronics, life sciences and semiconductors.
Key facts about Averna
- Founded Year: 1999
- Location: Montreal (Canada)
- Stage: Series A
- Employee Count: 620 as on Apr 30, 2026
- Investors: Walter Capital Partners, Invest Quebec and 4 Others
- Latest Funding Round: Series A, Apr 06, 2021, $*****
- Highlight: Editors' Pick
5. Audiokinetic
Audiokinetic is an interactive audio solution provider based in Canada. It has developed "Wwise" and "SoundSeed" that helps in the audio development process for games. Supports major game engines such as Unity, Unreal, Cry Engine, and Marmalade. Has also developed product "Wwise VR" for 3d sound in VR games developed for Oculus Rift and Playstation VR.
Key facts about Audiokinetic
- Founded Year: 2000
- Location: Montreal (Canada)
- Stage: Acquired
- Total Funding till date: $5M
- Employee Count: 128 as on Jun 30, 2026
- Investors: W investments, Investissement Quebec and 1 Other
- Latest Funding Round: Series A, Sep 2007, $*****
- Highlight: Acquired
W investments' Year-on-Year Investment Trends
W investments has invested in 38 companies over the last 13 years, with an average of 1 new investment annually in the last 10 years. Its most recent first time investment was in E2ip Technologies and most recent follow-on round was in Worximity.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 0 | 0 | 0 |
2024 | 0 | 0 | 0 |
2023 | 1 | 0 | 1 |
2022 | 1 | 0 | 1 |
2021 | 4 | 0 | 4 |
2020 | 1 | 0 | 1 |
2019 | 1 | 1 | 2 |
W investments' Investments by Stage
W investments has made 7 investments in Series A stage with an average round size of $14.6M, 2 investments in Seed stage with an average round size of $2M and 2 investments in Unattributed stage.Stage of entry | No. of Investments |
|---|---|
Series A | 7 |
Seed | 2 |
Unattributed | 2 |
Angel | 1 |
Series B | 1 |
Others | 1 |
Note: We have considered here, only first round of investments
W investments' Investments by Sector
W investments has a diverse portfolio, with companies operating in the Enterprise Applications, High Tech, Business Services, Consumer and Industrial Goods and Manufacturing. Notably, it has invested in 20 Enterprise (B2B) companies, 16 Tech companies, 12 Software companies and at least 5 companies focusing on Saas.Sector | No. of Investments |
|---|---|
Enterprise Applications | 6 |
High Tech | 3 |
Business Services | 2 |
Consumer | 2 |
Industrial Goods and Manufacturing | 2 |
Others | 19 |
Note: We have considered here, only first round of investments
W investments' Investments by Geography
W investments has made most investments in Canada (12), followed by United States where it has made 2 investments.Country | No. of Investments |
|---|---|
Canada | 12 |
United States | 2 |
United Kingdom | 1 |
Note: We have considered here, only first round of investments
W investments' recent investments
W investments has not made any investment in 2026 so far.Here are the most recent investments by W investments:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Apr 26, 2023 | Canada | Series B | 7698 | ||
Nov 01, 2022 | Canada | Series A | 9471 | ||
Oct 14, 2021 | Canada | Unattributed | 9711 | - | |
Oct 14, 2021 | United States | Series A | 8089 | - | |
Oct 14, 2021 | Canada | Seed | 6788 | - |
IPOs and Publicly Listed companies in W investments' Portfolio
2 of W investments' portfolio companies have become public. The Lion Electric got listed on the Toronto Stock Exchange (TSX), in May 2021 at marketcap of $50M and Lumenpulse got listed on the Toronto Stock Exchange (TSX) at marketcap of $100M.Here are W investments' portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
May 06, 2021 | - | - | 8290 | |
Apr 15, 2014 | - | - | 9392 |
Acquired companies in W investments' Portfolio
12 companies from W investments' portfolio have been acquired. The most recent acquisition was Noviflow in Oct 2024 by ECIN for $*****.Here are W investments' portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Oct 30, 2024 | Sep 10, 2015 | Series A | 9667 | |
Mar 13, 2024 | - | - | 2548 | |
Jan 29, 2019 | May 20, 2015 | Angel | 3329 | |
Jan 08, 2019 | - | - | 3655 | |
Dec 20, 2018 | - | - | 9689 |
Team profile of W investments
W investments has a team of 11 members including 8 Partners and 1 Principal located in Canada and Quebec. W investments' team does not sit on the board of any company as of now.Here is a list of top team members in W investments:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | - | - | ||
Partner | Dorval | - | ||
Partner | Montreal | - | ||
Partner | Longueuil | - | - | |
Partner | - | - | - | |
Partner | Canada | - | ||
Partner | Quebec | - | - | |
Partner | Montreal | - | ||
Principal | Montreal | - |
Co-investors of W investments
Over the past 13 years, 38 investors have co-invested in W investments's portfolio companies. This includes funds and angels.
- Invested before W investments: Tandem Expansion Fund, Europa and 15 others have invested in rounds before W investments. There is 1 company where Tandem Expansion Fund has invested before W investments and 1 company where Europa has invested before W investments.
- Top Co-investors of W investments: 17 investors entered a company along with W investments. These include investors like Fonds de solidarite FTQ (5 companies).
- Invested after W investments: A total of 4 investors have invested in W investments's portfolio after their investments. Top Investors include Canadian Imperial Bank of Commerce (1 company), Marel (1 company) and Invest Quebec (1 company).
Recent News related to W investments
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ProAmpac agrees to acquire GelpacPackaging Gateway•Mar 14, 2024•ProAmpac, Gelpac, Namakor Holdings, W investments and 1 other
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Averna announces the arrival of new investors to fast-track its international growthCNW•Apr 06, 2021•Averna, Walter Capital Partners, W investments, Invest Quebec and 2 others
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GoSecure - End of a growth investment cycle of 35 million dollarsBusiness Wire•Dec 01, 2020•GoSecure, Yaletown, W investments, GoSecure and 1 other
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GoSecure Announces Closing of $35M Growth Investment RoundBusiness Wire•Dec 01, 2020•GoSecure, Yaletown, W investments, GoSecure and 1 other
