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General Information

Phone514 397-8450



Montreal, CAN
1250, René-Lévesque Blvd. West
38th Floor, Quebec
Montreal, H3B 4W8, CAN


Propulsion Ventures

Founded in 1995, Propulsion Ventures is a top tier venture capital firm with $200 million under management. Propulsion actively invests in promising early-stage software companies in Canada. Propulsion Ventures, based in Montreal, is one of four of Telesystem venture capital firms that operate worldwide. Telesystem has offices in Montreal, Boston, London and Johannesburg.

The founding partners of Propulsion have grown their impressive track record in managing multiple funds into a solid reputation for providing skilled support to entrepreneurs. The Montreal-based firm is widely considered an investor of choice in the Montreal, Ottawa, Toronto and Quebec City markets. In 2005, Propulsion received the “Deal of the Year Award” from the Canadian Venture Capital Association.

Talented entrepreneurs will find in Propulsion Ventures a value-added financial partner. We are passionate about identifying quality ventures and business concepts we believe will have a strong impact on their industries. We are also very adept at building and creating value for our portfolio companies by combining our extensive financial and operational resources with active participation in the development of winning business strategies. We possess a broad range of skills, experience and a unique network of U.S., European, Asian and Canadian partners at the operational and venture capital level.

Recent Milestones


Company Date Round Size Participants
Coveo 12/2012Venture Round$18M3
Coveo 12/2009Series B$8.2M4
ShopIt 10/2008Seed€25k2
ADCentricity 6/2008Series A$2.94M1
DNA13 5/2007Series A$4.53M2
Coveo 10/2006Series A$6M3
eBillme 9/2006Venture Round$11M4
eXludus Technologies 7/2005Angel$1.5M2



  1. Coveo, Canada’s ‘big data’ offering, nabs $18M as it edges closer to profitability ( [edit]
  2. Enterprise Search Provider Coveo Adds $8.2 Million In Funding ( [edit]
  3. Shor shopping widge [edit]
  4. Propulsion Ventures invests $3m in AdCentricity (1) ( [edit]
  5. dna13 Raises $5M in Series A Funding ( [edit]
  6. Coveo Secures $6 Million in Series A Preferred Funding ( [edit]
  7. MODASolutions Secures US $11 Million in Funding ( [edit]
  8. eXludus Technologies Secures $1.5 million in Seed Funding ( [edit]
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Last Edited 3/30/14

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