Specialist · Calgary, AB
Carrot Ventures
Alberta's agtech and foodtech venture studio
- Cheque
- Not disclosed
- Role
- Can lead a round
- Pace
- Selective right now
- Kind
- Specialist
- Based in
- Calgary, AB
- Vehicle size
- $15M
- Founded
- 2021
- Works in
- EN
- Last deal seen
- September 2025
Their thesis, in full
Carrot Ventures is a Calgary venture studio and fund managed by Verdex Capital (formerly the AVAC Group), backed by AVAC and Farm Credit Canada. It builds and finances Canadian agtech and foodtech companies, sourcing technology, recruiting leadership, forming the company and leading the first round. Carrot Ventures Fund I closed at $15M in 2021, alongside the Verdex AgriFund for patient early-stage capital. It has made 4 investments to date, most recently leading Cellar Insights' seed round in 2025.
What they bring past the cheque
- Venture-studio model from idea to first round
- AVAC and Farm Credit Canada backing
- Agtech and foodtech specialization
- Company formation and leadership recruiting
Portfolio
Names they back, most notable first.
- Cellar InsightsSeed · 2025
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