Atlantic Canada Opportunities Agency

Company

Investment-firm

General

About Company
Atlantic Canada Opportunities Agency helps businesses in Atlantic Canada grow and succeed.

Industry

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founded date

01.01.1987

Number of employees

IPO status

Private

Description

The agency, founded in 1987, provides investment and support to businesses in Atlantic Canada to help them become more competitive, innovative, and productive. They work with diverse communities to develop and diversify local economies and champion the strengths of Atlantic Canada. The agency has a preference for investing in startups that are 4-5 years old and has made investments in popular portfolio startups such as Avalon Holographics, QRA Corp, and Wagepoint. They focus on investment areas like the internet and healthcare and typically participate in less than 2 investment rounds annually. The agency is known for committing exits more frequently than other organizations and has been active in 2019. They typically invest in rounds ranging from 1-5 million dollars with 1-2 partakers. Other organizations that often finance startups in Atlantic Canada include New Brunswick Innovation Foundation, Innovacorp, and StartFast.