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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

Forage Capital Ag and Food Business Solutions Fund

A $100-million fund, fully 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.

Avrio Sub Debt Fund III

A $100-million fund launched in 2019, fully invested by FCC, providing subordinated debt to growth-stage companies as well as certain mature operations considering a growth opportunity in the agriculture and food sectors in Canada.

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. 

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.

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.

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.

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.

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.

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)

  • Avrio Sub Debt Fund II
  • Avrio Equity Fund II
  • 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.


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.


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.