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AVAC Group, now operating as Verdex Capital, is a venture capital firm focusing on technology commercialization across diverse sectors. The firm strategically invests in enterprises developing innovations in agtech, information and communications technology, life sciences, and other industrial applications. It leverages capital and expertise to accelerate the market readiness of promising technological advancements.
Established in 1997 as AVAC Group, the firm historically fostered technological development. In February 2024, the company officially rebranded to Verdex Capital. This strategic evolution reflects a renewed focus on the Canadian agricultural and food sectors, marking a pivotal moment in its operational history and investment strategy.
Verdex Capital primarily serves early to growth-stage companies within the Canadian agrifood ecosystem, providing funding and strategic guidance. The firm's overarching vision is to drive transformative innovation within these critical sectors, aiming to enhance efficiency, sustainability, and value through targeted technological advancement and successful commercialization.
AVAC has 2 tracked investments across 2 companies. The latest tracked deal is $5.0M Series A in Cleankeys in August 2011.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Aug 5, 2011 | Cleankeys | $5.0M Series A | Avac | — |
| Mar 1, 2009 | Tynt | $4.0M Series A | Inovia Capital, Avac | — |