Operating as Verdex Capital
Our current strategy is to co-invest with industry leaders in initiatives that advance Canadian agriculture.
AgTech IP owners are directed to our venture studio Carrot Ventures. Existing AgTech companies, please consider Verdex AgriFund.
AVAC Group – 2016 to 2023
During this period, we focused on three areas.
- Alberta Enterprise Corp engaged AVAC to manage Accelerate Fund I to stimulate entrepreneurship and angel investing in Alberta.
- We accelerated our pace of investment as an LP in select North American venture capital funds.
- We re-focused our direct investment strategy and launched an AgTech Venture Studio called Carrot Ventures. Our goal is to leverage our experience to increase the success rate of new AgTech ventures.
AVAC Ltd. – 1997 to 2016
We launched AVAC Ltd. to invest in Alberta’s under-served agricultural sector. We also had a role in helping develop Alberta’s nascent innovation ecosystem.
Over time we expanded our mandate to invest in Alberta ICT companies as well as participating as a limited partner in select Ag and Tech venture capital funds.