Fund Investments

We invest in these venture capital funds. If you're an entrepreneur with a plan for success, talk to one of our investment fund partners listed below. If you’re a venture capital investment manager looking to focus on Canadian agriculture and food, contact us.

Funds open for investment

Ag Capital Canada Limited Partnership

A $24-million equity fund aimed at discovering, developing and nurturing Canadian agricultural businesses through capital investment and entrepreneurial expertise. The focus is on established businesses in need of growth capital and business management mentorship. FCC’s commitment is $12 million, which represents 50% of the fund. 

Builders Venture Capital Fund II  

Based in San Francisco, Builders Venture Capital Fund II makes investments in early-stage North American technology companies and applies new business models in sectors, like agriculture, that have traditionally underinvested in new technology. Builders II complements FCC’s existing venture capital fund investments by focusing on companies in earlier stages of development – primarily Seed and Series A investments.

Carrot Ventures Fund I L.P.

The Carrot Ventures Fund I L.P. was launched to address systemic challenges faced by many agri-tech start-up companies. Created by AVAC Group of Calgary in partnership with FCC, the team sources and vets new technologies, recruits experienced leadership and creates new companies. It connects technological innovators with professional leadership to ensure companies are properly structured and financed.

District Ventures CPG-1 LP

A $100-million fund that focuses solely on investing in companies operating in the food and beverage sector, health, wellness and beauty consumer goods categories. In addition to capital, District Ventures Capital provides recipient companies with marketing, programming and commercialization support. FCC’s commitment to this fund is $20 million.

Forage Capital Ag and Food Business Solutions Fund

A $151.5 million fund, 99% invested by FCC, providing convertible debt investments to enable proven, viable companies the stability and flexibility they need to rebuild their business models through unexpected business disruptions.

Indigenous Growth Fund 

The Indigenous Growth Fund helps Indigenous entrepreneurs get the capital they need to start or expand their businesses. It provides loans to Aboriginal Financial Institutions (AFI) who, in turn, lend to Indigenous entrepreneurs across the country. It’s managed by the National Aboriginal Capital Corporations Association, which has a 30-year track record of lending to Indigenous-led small-and-medium-sized businesses.

InvestEco Sustainable Food Fund III

A $100-million equity fund to invest in expansion-stage private companies with the goal of promoting health and sustainability in the food and agricultural sector. The fund manager offers expertise in sustainable agriculture and food production and believes these activities are important to environmental and health outcomes. InvestEco has previously invested in many leading food and agriculture brands across North America. FCC’s commitment to this fund is $20 million.

Power Sustainable Lios

FCC has invested in Power Sustainable Lios, who invest in mid-market companies operating across the food value chain in North America, partnering with owners and operators to accelerate growth. Through majority or meaningful minority ownership participation, the fund aims to support companies who are well-positioned to prioritize and improve sustainability across the food system, addressing changing consumer behaviours, constrained natural resources and building greater resilience.

Raven Indigenous Capital Partners

Raven Indigenous Capital Partners’ second fund (Raven Fund II) invests in innovative, scalable Indigenous enterprises at the forefront of advancing the well-being of Indigenous Peoples. Raven Indigenous Capital Partners is North America's only Indigenous-led and owned venture capital intermediary. FCC’s investment in this fund supports Indigenous-led Canadian agriculture and food companies who are creating meaningful change and driving impact in their communities.


The51 is a Financial Feminist™ platform where current and aspiring investors (particularly women and gender-diverse individuals) come together to democratize access to capital for women and under-represented founders. FCC has signed on to be the lead investor in The51's Food and AgTech Fund, focused on investing in under-represented founders transforming the business of food and agriculture. 

Westcap MBO III Investment LP

Westcap MBO III Investment LP focuses on management buy-outs of western Canadian businesses with valuations of less than $150 million (considered small-to mid-market), a history of proven cash flows and growth potential with experienced management teams. They also invest growth capital into businesses where management has a material equity commitment – growing them, then realizing investment yields and gains. Agriculture is a key sector for the Fund. 

Outstanding funds (closed for new investment)

  • Forage Sub Debt Fund II
  • Forage Sub Debt Fund III
  • New Acres Capital Ag & Food Equity Fund

Strategic support partnerships

Are you an entrepreneur at an early stage of development? Talk to one of our partners.


This non-profit corporation, established in 2000, provides accelerator, mentorship and support services for entrepreneurs and innovative companies in Canada’s agribusiness and agri-food sector. Through its network of regional offices, Bioenterprise provides hands-on mentorship for innovative entrepreneurs and start-up companies. FCC committed program support to facilitate expansion of Bioenterprise's services to underserved areas across Canada.


Creative Destruction Lab (CDL) is an international not-for-profit organization with headquarters at the Rotman School of Business in Toronto. They’re a leading commercialization accelerator that delivers an objectives-based program for scalable, seed-stage, science and technology-based companies. The FCC partnership with CDL-Rockies will support a new ag stream using their existing accelerator program focusing on agriculture and agri-tech.

Foresight Canada

FCC is partnering with Foresight — Canada’s largest cleantech accelerator — to advance the growth and impact of their ag-focused stream called agriNEXT to support the agri-tech and agri-food innovation community and industry in Canada.


As the leading global agri-food investment and innovation platform headquartered in Silicon Valley, SVG is composed of top agriculture, food and technology corporations, universities and investors. The THRIVE platform invests, accelerates and creates access for entrepreneurs to scale globally to solve the biggest challenges facing agriculture and food. FCC entered a three-year strategic partnership with SVG to provide Canadian companies with more access to mentorship, business knowledge and industry connections.