Avrio Capital

Avrio Capital Inc. is a venture capital and private equity investment firm based in Alberta, Canada, with additional offices in Ontario and Quebec. Established in 2006, the firm specializes in investing in commercialization to growth-stage companies, focusing on later-stage, early-stage, mid-venture, middle-market, and emerging growth businesses. Avrio Capital targets companies in sectors such as food technology, advanced agriculture, industrial bioproducts, and nutraceutical ingredients, particularly those addressing global challenges in health, wellness, and sustainability. The firm typically invests between CAD $1 million and CAD $10 million in companies with sales values ranging from CAD $1 million to CAD $20 million, reserving significant capital for future financing rounds. Avrio Capital takes an active role in its investments, aiming to support the long-term growth of its portfolio companies throughout their development.

Denis Boyer

Director

Thomas Kaneb

Managing Director and Founder

Past deals in Quebec

Fody Food

Series A in 2017
Fody Food is a Montreal-based provider of gut-friendly, low FODMAP foods designed to help people with irritable bowel syndrome manage symptoms. The company develops a range of products including sauces, salsas, marinades, dressings, condiments, seasonings, snack bars, chips and other pantry staples, crafted to minimize digestive triggers, with offerings sold online and through a network of retailers. Founded in 2016, Fody focuses on dietary products that aim to improve eating habits for people seeking digestive relief.

Intelia

Venture Round in 2016
Intelia Technologies Inc. is a contract manufacturing and design company based in Joliette, Canada, established in 1999. The company specializes in providing comprehensive electronics engineering and manufacturing services, focusing on custom electronic products such as control and automation systems, data acquisition devices, communication tools, and specialized sensors. Intelia also offers after-sales services, including system repairs and upgrades. In addition to its manufacturing capabilities, the company develops advanced software and AI algorithms aimed at the poultry industry, utilizing a web-based platform that collects and analyzes production data through various sensors. This system enables poultry producers to gain valuable insights, improve profitability, and identify patterns in their operations, thereby enhancing efficiency and decision-making. Intelia serves a diverse range of sectors, including water distribution, entertainment, agriculture, and health.

Alasko Foods

Private Equity Round in 2016
Alasko Foods is a frozen foods supplier with a global network that sources from over 60 agri-food producers in 20 countries. All facilities are federally inspected and meet HACCP standards. The company imports, prepares and distributes more than 80 million pounds of frozen fruits and vegetables to hotels, industrial clients, retail brands, and other institutional and consumer markets across North America. It operates seven warehouses to maintain strict cold-chain control and quality. The Montreal facility is certified by the Canadian Food Inspection Agency and has earned a GFTC gold rating, and the company holds organic certification from Ecocert Canada.
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