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.
| Company | Date | Round | Size | Participants |
| ShopIt | 10/08 | Seed | €25k | 2 |
| Adcentricity | 6/08 | Series A | $2.94M | 1 |
| DNA13 | 5/07 | Series A | $4.53M | 2 |
| Coveo | 10/06 | Series A | $6M | 3 |
| eBillme | 9/06 | Unattributed | $11M | 4 |
| eXludus Technologies | 7/05 | Angel | $1.5M | 2 |
