Pelorus Venture Capital
Pelorus Venture Capital is a St. John's, Newfoundland-based VC firm that manages pre-seed and seed investments of $250K-$500K into Newfoundland and Labrador startups through its $30M Venture NL LP I & II funds, serving founders across the Atlantic Canadian ecosystem.
- Company typePrivate
- Founded2015
- HeadquartersSt. John's, Canada
- Headcount1–10
- GTM typeB2B
- OfferingServices
What Pelorus Venture Capital does
Pelorus Venture Capital is a St. John's, Newfoundland-based venture capital firm founded in 2015 that manages pre-seed and seed investments into early-stage companies headquartered in Newfoundland and Labrador. The firm operates as a regional fund manager, deploying initial investments of $250K-$500K into sector-agnostic startups and serving as an active advisor to founders across the Atlantic Canadian ecosystem. Its core product is the Venture Newfoundland and Labrador LP I and II fund vehicles, created in 2021 with a combined fund size of $30M, co-sponsored by the Province of Newfoundland and Labrador, BDC Capital Inc., and a network of angel investors.
The firm's business model is traditional VC fund management: it earns management fees on committed capital and carries on realized exits, returning venture-scale gains to LPs while helping founders commercialize products. Pelorus's portfolio of approximately 17 companies spans legal technology (Spellbook), consumer hardware (mysa, Sparrow Bioacoustics), genomics (SequenceBio), healthcare (Breathesuite, SiftMed), fintech (Verlo), and engineering software (CoLab Software). The fund's most material realized outcome to date is portfolio company CoLab Software, which raised a $72M USD Series C in 2025 at approximately $500M USD valuation.
The three-person team consists of Founding Partner Chris Moyer (finance and investment background from GrowthWorks Atlantic), Partner Sarah Murphy (operator and founder experience across construction tech and accelerators), and Venture Partner Greg Smyth (operations background from ExxonMobil, Tesla, and Rivian, plus founder of GlobalNL). Distribution is concentrated in the NL region, and the firm relies on its local network, ecosystem mentorship roles at Creative Destruction Lab and Propel, and its public-private partnership structure as the primary sources of deal flow and credibility.
Pelorus Venture Capital firmographics
Firmographics- Name
- Pelorus Venture Capital
- Legal name
- Pelorus Venture Capital
- Website
- https://pelorusventure.com
- Company type
- Private
- Founded year
- 2015
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Pelorus Venture Capital is a St. John's, Newfoundland-based VC firm that manages pre-seed and seed investments of $250K-$500K into Newfoundland and Labrador startups through its $30M Venture NL LP I & II funds, serving founders across the Atlantic Canadian ecosystem.
- Ownership category
- akta.pro rank
Pelorus Venture Capital industry classification
Industry- Product category
- Venture Capital
- NAICS
- Portfolio Management and Investment Advice (52394), Other Investment Pools and Funds (5259)
- SIC
- Investment Advice (6282)
- akta.pro primary industry
- Micro-VC & Angel Funds (FSANAAAI)
Keywords
Where Pelorus Venture Capital is headquartered
LocationHeadquarters
- HQ city
- St. John's
- HQ country
- Canada
- HQ region
- North America
Offices1 record
Markets served
Pelorus Venture Capital business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales
Revenue model
- Venture Fund Management: Pelorus VC generates returns through venture capital fund management, investing in early-stage Newfoundland and Labrador startups with the goal of providing venture returns for investors while helping entrepreneurs commercialize their products and services.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels3 records
Pelorus Venture Capital product offering
Product offeringCore offering
Pelorus Venture Capital is a venture capital firm that manages Venture Newfoundland and Labrador LP I and II, private VC funds created in partnership with the Province of Newfoundland and Labrador, BDC Capital Inc., and angel investors. The fund provides pre-seed and seed investments of $250K-$500K to early-stage Newfoundland and Labrador startups with innovative technologies, while acting as an active advisor to founders throughout their growth journey.
Differentiator
Problem solved
Functional benefit
Brands
- Venture Newfoundland and Labrador: Venture NL LP I and II are private venture capital funds created by Pelorus VC in partnership with Province of Newfoundland and Labrador and BDC Capital Inc.
Products and services
- Venture Newfoundland and Labrador LP I & II Funds
Quantifiable outcome
- Notable portfolio success with CoLab Software raising $72M USD Series C, achieving ~$500M USD valuation
Companies that use Pelorus Venture Capital
Customer profileSegments1 record
Ideal customer profiles1 record
Pelorus Venture Capital technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Pelorus Venture Capital partnerships and signals
Strategic signalScale indicators4 records
Recent moves6 records
Expansion highlights4 records
Pelorus Venture Capital competitors and assessment
Company assessmentMarket position
Strengths4 records
Competitive moat3 records
Key risks6 records
Key highlights6 records
Customer concentration
Pelorus Venture Capital social profiles
Digital presencePelorus Venture Capital financial estimates
Financial estimateRevenue estimate
Valuation estimate
Pelorus Venture Capital leadership team
Management profileNumber of profiles
Profiles3 records
Pelorus Venture Capital funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Pelorus Venture Capital M&A and investment
M&A and investmentM&A
Investments28 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Pelorus Venture Capital
What does Pelorus Venture Capital do?
Pelorus Venture Capital is a venture capital firm that manages Venture Newfoundland and Labrador LP I and II, private VC funds created in partnership with the Province of Newfoundland and Labrador, BDC Capital Inc., and angel investors. The fund provides pre-seed and seed investments of $250K-$500K to early-stage Newfoundland and Labrador startups with innovative technologies, while acting as an active advisor to founders throughout their growth journey.
Is Pelorus Venture Capital a public or private company?
Pelorus Venture Capital is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Pelorus Venture Capital founded?
Pelorus Venture Capital was founded in 2015. It employs 1 to 10 people.
Where is Pelorus Venture Capital based?
Pelorus Venture Capital is headquartered in St. John's, Canada, in the North America region.
How does Pelorus Venture Capital make money?
One revenue line is on record: venture Fund Management.
Does Pelorus Venture Capital have an API?
No public API is recorded for Pelorus Venture Capital.
What industry is Pelorus Venture Capital in?
Pelorus Venture Capital's product category is Venture Capital. Its primary akta.pro industry code is FSANAAAI, Micro-VC & Angel Funds. Its NAICS code is 52394 and its SIC code is 6282.