Verdex Capital (formerly AVAC Group)

Verdex Capital is an evergreen venture capital firm based in Calgary, Alberta, founded in 1997. The firm focuses exclusively on the Canadian food and agricultural sectors, aiming to advance Canadian agriculture through impactful investments and community development initiatives. In February 2024, it rebranded from AVAC Group to highlight its commitment to AgTech and FoodTech. The firm employs a co-investment strategy and operates a venture studio called Carrot Ventures, which builds new companies around innovative agricultural technologies. Verdex Capital targets early-stage investments, specifically in Seed, Seed+, and Series A stages, and has invested in over 100 companies and 14 venture capital funds since its inception. Its portfolio companies have collectively raised over $1 billion in capital, contributing to the growth of the agricultural innovation ecosystem in Canada.

Invests in early-stage AgTech and FoodTech companies advancing Canadian agriculture, providing capital, strategic guidance, and sector expertise via Carrot Ventures and AgriFund.