About Wesley Clover
Wesley Clover is a venture capital firm founded in 1972. It is primarily based out of Ottawa, Canada. As of Mar 2025, Wesley Clover has invested in 95 companies. It primarily invests in Post IPO round in Canada based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to High Tech and Enterprise Infrastructure. Most recently it participated in the $***** Post IPO round of Martello Technologies Overall, Wesley Clover portfolio has seen 2 IPOs and 21 acquisitions including key companies like Mitel, Sandvine and March Networks. A lot of funds co-invest with Wesley Clover, with names like Capital Angels Network sharing a substantial percentage of its portfolio. Wesley Clover has team of 22 people including 17 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series A & 3 more
Portfolio IPOs
Portfolio Acquisitions
Portfolio Soonicorns
Wesley Clover's List of Top Investments
Wesley Clover has a portfolio of 95 companies. Their most notable investments are in Validient and Talkative.Their portfolio spans across Canada, United Kingdom, France and 6 more locations. They have invested in Enterprise Applications, High Tech, Enterprise Infrastructure and 22 other sectors, across stages such as Seed, Series A and 3 more. Here is the list of top investments by Wesley Clover:1. Mitel
Cloud based platform for unified communication management. It offers unified communication products such as IP telephony platforms, appliances, and desktop devices, and a suite of unified communications and collaboration applications that integrate voice, video, and data communications with business applications. The tools include video conferencing, messaging, team chat, voice response, automatic call distribution, workforce optimization, omnichannel communication management, and more. The offered sectors include healthcare, hospitality, government, education, and more.
Key facts about Mitel
- Founded Year: 1973
- Location: Ottawa (Canada)
- Annual Revenue: $1B+ as on Dec 31, 2017
- Stage: Acquired
- Total Funding till date: $1.01M
- Employee Count: 4,011 as on Aug 31, 2026
- Investors: August Capital, Francisco Partners and 3 Others
- Latest Funding Round: Conventional Debt, Dec 03, 2018, $*****
- Highlight: Acquired
2. Solink
Provider of video analysis solution for loss prevention and security. It offers a cloud-based platform that acts as a hub to analyze the video stream to find the key points of data and create alerts and reports. It provides motion alerts by detecting unusual motion by setting regions of the camera views, and provides alerts when activity happens. It offers a wide range of tools to keep track of important events, history and identify outlying patterns and incidents. The company serves the retail, banking, and restaurants industry.
Key facts about Solink
- Founded Year: 2009
- Location: Ottawa (Canada)
- Stage: Series C
- Total Funding till date: $98.2M
- Employee Count: 398 as on Aug 31, 2026
- Investors: Goldman Sachs, Generation Ventures and 10 Others
- Latest Funding Round: Series C, Jul 25, 2023, $*****
- Highlight: Editors' Pick
3. Certn
Provider of background screening and identity verification solutions for businesses. The company delivers criminal record checks, international background checks, and social media background checks. It offers employment verification, education verification, and credential verification. The business provides solutions for property management, healthcare, hospitality, transportation, staffing, and technology industries.
Key facts about Certn
- Founded Year: 2016
- Location: Victoria (Canada)
- Stage: Series B
- Total Funding till date: $125M
- Employee Count: 268 as on Aug 31, 2026
- Investors: Inovia Capital, BMO and 25 Others
- Latest Funding Round: Conventional Debt, Feb 18, 2025, $*****
- Highlight: Editors' Pick
4. Sandvine
Provider of application and network intelligence portfolio for application experiences. The company offers solutions for network observability and subscriber experience-based insights. It helps operators reduce costs and improve decision-making. The company delivers application classification and dynamic content categorization. It provides visualization and analysis to personalize, optimize, and monetize network traffic.
Key facts about Sandvine
- Founded Year: 2001
- Location: Waterloo (Canada)
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $15M
- Employee Count: 322 as on May 31, 2026
- Investors: Rising Tide Fund, VenGrowth VG Partners and 7 Others
- Latest Funding Round: Conventional Debt, 2018, $*****
- Highlight: Acquired
March Networks provides video and data solution for security surveillance, monitoring, analysis, and business applications. Products include web-based Command video management software (VMS), high-definition IP cameras, encoders, hybrid network video recorders (NVRs/DVRs) and innovative business intelligence applications. Acquired by Infinova (Shenzhen) in Jan 2012 and operates as its subsidiary.
Key facts about March Networks
- Founded Year: 2000
- Location: Ottawa (Canada)
- Stage: Acquired
- Employee Count: 482 as on Aug 31, 2026
- Investors: Wesley Clover and 1 Other
- Highlight: Acquired
Wesley Clover's Year-on-Year Investment Trends
Wesley Clover has invested in 96 companies over the last 39 years, with an average of 1 new investment annually in the last 10 years. In 2025, it made 1 investment. Its most recent first time investment was in Validient and most recent follow-on round was in Martello Technologies.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 0 | 1 | 1 |
2024 | 1 | 1 | 2 |
2023 | 1 | 2 | 3 |
2022 | 3 | 1 | 4 |
2021 | 0 | 0 | 0 |
2020 | 1 | 0 | 1 |
2019 | 1 | 0 | 1 |
2018 | 1 | 0 | 1 |
2017 | 3 | 0 | 3 |
Wesley Clover's Investments by Stage
Wesley Clover has made 14 investments in Seed stage with an average round size of $823K, 5 investments in Series A stage with an average round size of $8.47M, 2 investments in Post IPO stage with an average round size of $1.56M, 1 investment in Series C stage with an average round size of $10M and 1 investment in Unattributed stage.Stage of entry | No. of Investments |
|---|---|
Seed | 14 |
Series A | 5 |
Post IPO | 2 |
Series C | 1 |
Unattributed | 1 |
Note: We have considered here, only first round of investments
Wesley Clover's Investments by Sector
Wesley Clover has a diverse portfolio, with companies operating in the Enterprise Applications, Enterprise Infrastructure, Telecom, High Tech and Vertical SaaS. Notably, it has invested in 66 Enterprise (B2B) companies, 64 Tech companies, 57 Software companies and at least 34 companies focusing on Saas.Sector | No. of Investments |
|---|---|
Enterprise Applications | 17 |
Enterprise Infrastructure | 5 |
Telecom | 4 |
High Tech | 3 |
Vertical SaaS | 3 |
Others | 12 |
Note: We have considered here, only first round of investments
Wesley Clover's Investments by Geography
Wesley Clover has made most investments in Canada (12), followed by United Kingdom where it has made 4 investments.Country | No. of Investments |
|---|---|
Canada | 12 |
United Kingdom | 4 |
France | 3 |
Turkey | 2 |
China | 1 |
Others | 2 |
Note: We have considered here, only first round of investments
Wesley Clover's recent investments
Wesley Clover has not made any investment in 2026 so far.Here are the most recent investments by Wesley Clover:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Mar 07, 2025 | Canada | Post IPO | 5903 | - | |
Mar 19, 2024 | Canada | Post IPO | 2476 | - | |
Feb 27, 2024 | United Kingdom | Seed | 7897 | ||
Dec 08, 2023 | Canada | Post IPO | 2736 | - | |
May 15, 2023 | France | Seed | 9950 | [+1] |
IPOs and Publicly Listed companies in Wesley Clover's Portfolio
2 of Wesley Clover's portfolio companies have become public. Martello Technologies got listed on the Toronto Stock Exchange - Venture Exchange (TSX-V), in Sep 2018 and DragonWave got listed on the Toronto Stock Exchange (TSX) at marketcap of $83.7M.Here are Wesley Clover's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Sep 12, 2018 | Jan 27, 2022 | Post IPO | 3269 | |
Apr 18, 2007 | - | - | 7452 |
Acquired companies in Wesley Clover's Portfolio
21 companies from Wesley Clover's portfolio have been acquired. The most recent acquisition was Segmentify in Jun 2026 by Unifonic for $*****.Here are Wesley Clover's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jun 10, 2026 | - | - | 3886 | |
Jul 25, 2024 | Jan 27, 2016 | Seed | 6628 | |
Mar 13, 2024 | - | - | 4253 | |
Sep 12, 2023 | - | - | 8769 | |
Mar 01, 2023 | - | - | 5373 |
Team profile of Wesley Clover
Wesley Clover has a team of 22 members including 17 Partners and 2 Principals located in Canada, France and 3 more locations. Wesley Clover's team sits on the board of 4 companies.Here is a list of top team members in Wesley Clover:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | - | |||
Partner | Ottawa | - | ||
Partner | Ottawa | Solink, Cliniconex and 1 more | ||
Partner | Ottawa | - | ||
Partner | - | - | - | |
Partner | - | - | ||
Partner | Ottawa | - | ||
Partner | France | - | ||
Partner | Miami | - | ||
Partner | Paris | - | ||
Partner | Dubai | - |
Co-investors of Wesley Clover
Over the past 39 years, 53 investors have co-invested in Wesley Clover's portfolio companies. This includes funds and angels.
- Invested before Wesley Clover: L-Spark, RBC Royal Bank and 11 others have invested in rounds before Wesley Clover. There are 2 companies where L-Spark has invested before Wesley Clover and 1 company where RBC Royal Bank has invested before Wesley Clover.
- Top Co-investors of Wesley Clover: 29 investors entered a company along with Wesley Clover. These include investors like Capital Angels Network (3 companies).
- Invested after Wesley Clover: A total of 11 investors have invested in Wesley Clover's portfolio after their investments. Top Investors include SVB (1 company), S3 Ventures (1 company) and Uncorrelated Ventures (1 company).
Recent News related to Wesley Clover
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Wesley Clover unveils details of office-to-residential conversionOttawa Business Journal•Mar 10, 2025•Wesley Clover
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Martello announces CAD$2M private placementSeeking Alpha•Mar 07, 2025•Martello Technologies, Wesley Clover
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Alacrity Alumni Validient Secures £300,000 InvestmentBusiness News Wales•Feb 27, 2024•Validient, Development Bank of Wales, Wesley Clover
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