--- title: Investment Thesis --- [![New Logo (2)](https://cindicates.com/hubfs/New%20Logo%20(2).png)](https://cindicates.com?hsLang=en) ![menu](https://f.hubspotusercontent40.net/hubfs/7479797/menu.png) ![close_24px](https://7479797.fs1.hubspotusercontent-na1.net/hubfs/7479797/close_24px.svg) - [About](https://cindicates.com/about) Show submenu for About - [Cindicates Team](https://cindicates.com/team) - [Impact Investing](https://cindicates.com/impact-investing) - [Portfolio](https://cindicates.com/portfolio) - Startups Show submenu for Startups - [Investment Thesis](https://cindicates.com/investment-thesis-criteria) - [Due Diligence Process](https://cindicates.com/due-diligence-process) - [Apply for a Pitch Session](https://cindicates.com/apply-for-a-pitch-session) - Investors Show submenu for Investors - [Investor Benefits](https://cindicates.com/investor-benefits) - [Journey Map](https://cindicates.com/investor-journey-map) - [Become an Investor](https://cindicates.com/investor-intake-form) - [Blogs](https://cindicates.com/blogs) - [About](https://cindicates.com/about) Show submenu for About - [Cindicates Team](https://cindicates.com/team) - [Impact Investing](https://cindicates.com/impact-investing) - [Portfolio](https://cindicates.com/portfolio) - Startups Show submenu for Startups - [Investment Thesis](https://cindicates.com/investment-thesis-criteria) - [Due Diligence Process](https://cindicates.com/due-diligence-process) - [Apply for a Pitch Session](https://cindicates.com/apply-for-a-pitch-session) - Investors Show submenu for Investors - [Investor Benefits](https://cindicates.com/investor-benefits) - [Journey Map](https://cindicates.com/investor-journey-map) - [Become an Investor](https://cindicates.com/investor-intake-form) - [Blogs](https://cindicates.com/blogs) [Pitch to Us](https://cindicates.com/apply-for-a-pitch-session?hsLang=en) Fostering Innovation in BC's Tech Ecosystem # Investment Thesis Collaborative Investing in Early-Stage Startups ## Investment Philosophy We are sector agnostic, and our sweet spot is investing in pre-seed and seed-stage startups. While we do not lead investment rounds, we love to share the opportunity with other investors to fill out your round. ![2024-07-25_18_40_47-Finance_-_Marketing_-_Google_Drive-removebg-preview](https://cindicates.com/hubfs/2024-07-25_18_40_47-Finance_-_Marketing_-_Google_Drive-removebg-preview.png) ###### Geographical focus We invest in BC-based EBC-eligible companies. We believe that supporting our local community is essential, and investing in local companies isa win-win approach for boththe investors and the community. ![2024-07-25 18_32_28-Finance - Marketing - Google Drive](https://cindicates.com/hubfs/2024-07-25%2018_32_28-Finance%20-%20Marketing%20-%20Google%20Drive.png) ###### Innovative Product We invest in tech start-ups (but not exclusively) that have innovative ideas that solve big problems. We want to see a compelling, unique value proposition and an excellent product-market fit. ![2024-07-26_15_16_42-Finance_-_Marketing_-_Google_Drive-removebg-preview](https://cindicates.com/hubfs/2024-07-26_15_16_42-Finance_-_Marketing_-_Google_Drive-removebg-preview.png) ###### Early Traction We're particularly interested in startups that have gained early traction in their market. We look for companies that have proven their product or service resonates with customers and shows promising signs of growth. ![LinkedIn Posts Cohort D Fundraising (11)](https://cindicates.com/hubfs/LinkedIn%20Posts%20Cohort%20D%20Fundraising%20(11).png) ##### GROWING MARKET We seek to invest in companies that are disrupting existing large markets with a capital-efficient scalable business model. We look to see if the company has a highly sustainable competitive advantage and if they are building a cash flow positive business, leading to a high valuation in 3-7 years. ![2024-07-25_18_41_30-Success_-_Marketing_-_Google_Drive-removebg-preview](https://cindicates.com/hubfs/2024-07-25_18_41_30-Success_-_Marketing_-_Google_Drive-removebg-preview.png) ##### WINNING TEAM We believe that a great team is key to a company’s success. We look for committed founders and teams that are motivated, passionate, and willing to take risks to achieve success. Are you EBC-eligible? ## What Is EBC and How Does it Work? **Eligible Business Corporation** can accept money from investors without having to set up a venture capital corporation. Cindicates only invests in EBC startups. So investors can receive 30% tac credit from the government. **To be eligible, the business needs to:** ![STRONG GOVERNANCE](https://cindicates.com/hubfs/LinkedIn%20Posts%20Cohort%20D%20Fundraising%20(15).png) **Be incorporated and registered to operate in BC.** ![STRONG GOVERNANCE](https://cindicates.com/hubfs/LinkedIn%20Posts%20Cohort%20D%20Fundraising%20(15).png) **Have a permanent place of business in BC.** ![STRONG GOVERNANCE](https://cindicates.com/hubfs/LinkedIn%20Posts%20Cohort%20D%20Fundraising%20(15).png) **Pay at least 75% of its annual wages and salaries to BC employees.** ![STRONG GOVERNANCE](https://cindicates.com/hubfs/LinkedIn%20Posts%20Cohort%20D%20Fundraising%20(15).png) **Be substantially engaged in one or more the qualifying activities. ** ![2024-07-25_18_32_28-Finance_-_Marketing_-_Google_Drive-removebg-preview](https://cindicates.com/hubfs/2024-07-25_18_32_28-Finance_-_Marketing_-_Google_Drive-removebg-preview.png) **Not have more than 100 employees (business together with its corporate affiliates).** ![2024-07-25_18_32_28-Finance_-_Marketing_-_Google_Drive-removebg-preview](https://cindicates.com/hubfs/2024-07-25_18_32_28-Finance_-_Marketing_-_Google_Drive-removebg-preview.png) **Have raised at least $25,000 in equity capital ** ![2024-07-25_18_32_28-Finance_-_Marketing_-_Google_Drive-removebg-preview](https://cindicates.com/hubfs/2024-07-25_18_32_28-Finance_-_Marketing_-_Google_Drive-removebg-preview.png) **Have at least 80% of its assets in BC.** ## Ready to Pitch Your Startup? If you check off all the criteria above, apply for a pitch session today! [Pitch to Us](https://cindicates.com/apply-for-a-pitch-session?hsLang=en) Our Cindicates Portfolio ## Be One of Our Amazing Tech Companies It is our privilege to join the journey of each of these innovative startups and support their founders on their path to success. - Cohort A - Cohort B - Cohort C - Cohort D ![Solaires](https://cindicates.com/hubfs/2024-04-14%2023_33_54-Window.png) Renewable Energy ###### Solaires A pioneer in next-generation perovskite solar cells, which can revolutionize the way the sun’s energy is converted into electricity and broaden the possible applications for solar technology. [Visit Website](https://www.solaires.net/) ![2024-04-14 23_47_55-Window](https://cindicates.com/hubfs/2024-04-14%2023_47_55-Window.png) Marine Technology ###### Open Ocean Robotics A marine robotics and software company providing autonomous data collection and analytics as a subscription and service. [Visit Website](https://www.openoceanrobotics.com/) ![2024-04-14 23_38_41-Window](https://cindicates.com/hubfs/2024-04-14%2023_38_41-Window.png) Senior Care ###### Tuktu An on-demand service that connects aging adults and their loved ones with reliable neighbors for everyday needs like errands, chores, and companionship, offering peace of mind and a helping hand. [Visit Website](https://tuktu.ca/) ![2024-04-14 23_44_09-Window](https://cindicates.com/hubfs/2024-04-14%2023_44_09-Window.png) Feminine Care ###### joni An organic period care company that provides innovative products using sustainable materials and superior protection. [Visit Website](https://getjoni.com/) ![2024-04-14 23_41_16-Window](https://cindicates.com/hubfs/2024-04-14%2023_41_16-Window.png) Real Estate ###### Lethub An AI Leasing Platform that automates communication between prospective renters and property managers. [Visit Website](https://www.lethub.co/) ![Care2Talk](https://cindicates.com/hubfs/2024-04-14%2023_50_28-Window.png) Senior Care/Telehealthcare ###### Care2Talk An all-in-one, user-friendly platform, that connects seniors with their loved ones and healthcare providers, simplifying communication and promoting well-being. [Visit Website](https://www.care2talk.io/) ![2024-04-14 23_53_31-Window](https://cindicates.com/hubfs/2024-04-14%2023_53_31-Window.png) Biotechnology ###### Voxcell BioInnovation Revolutionizing drug development and cancer research with 3D bioprinted human-like tissue models, offering a more accurate and efficient way to test new treatments. [Visit Website](https://www.voxcellbio.com/) ![Signalytic](https://cindicates.com/hubfs/2024-04-14%2023_55_25-Window.png) Digital Health ###### Signalytic A one-stop solution for healthcare systems in developing countries, offering digitization and connection, ensuring real-time stock visibility and improved care. [Visit Website](https://www.signalytic.ca/) ![Pivott](https://cindicates.com/hubfs/2024-04-14%2023_59_50-Window.png) Property Management ###### Pivott Software that automates property managers' tasks and interactions with vendors, suppliers, and contractors, saving them valuable time and money. [Visit Website](https://www.pivott.io/) ![2024-04-15 00_08_21-Window](https://cindicates.com/hubfs/2024-04-15%2000_08_21-Window.png) Legal Tech ###### Qase SaaS platform that simplifies legal help by connecting people with lawyers online, streamlining tasks and payments for a smoother legal experience. [Visit Website](https://www.qase.ca/) ![2024-04-15 00_10_05-Window](https://cindicates.com/hubfs/2024-04-15%2000_10_05-Window.png) Digital Governance ###### Intlabs Intlabs' core offering, ORIGIN, is a digital fabric governance platform that simplifies data sovereignty and safety while increasing efficiency. [Visit Website](https://www.intlabs.io/) ![2024-04-15 00_16_39-Linear Actuators and Piston Pumps - Kinitics Automation Limited](https://cindicates.com/hubfs/2024-04-15%2000_16_39-Linear%20Actuators%20and%20Piston%20Pumps%20-%20Kinitics%20Automation%20Limited.png) Cleantech ###### Kinitics Automation Cleantech pioneers combatting gas industry emissions with their eco-friendly valve, powered by innovative shape memory alloy technology. [Visit Website](https://kiniticsautomation.com/) ![2024-04-15 00_13_11-Window](https://cindicates.com/hubfs/2024-04-15%2000_13_11-Window.png) Wildfire Management ###### Hummingbird Drones/Nova A powerful duo using AI to outsmart wildfires, giving firefighters real-time intel and strategic guidance for safer and more efficient operations. [Visit Website](https://www.hummingbirddrones.ca/) ![dealbuilder](https://cindicates.com/hubfs/dealbuilder.png) Business Brokerage Automation ###### DealBuilder A business brokerage platform, empowering brokers to close more deals faster by automating tedious tasks like client onboarding, document creation, and buyer communication. [Visit Website](https://www.dealbuilder.co/) ![Retreats and Venues](https://cindicates.com/hubfs/2024-04-14%2023_44_09-Window.png) Hospitality/Event Management ###### Retreats and Venues A platform that provides a curated marketplace of 12,000+ hand-picked retreat venues, personally vetted by retreat experts. [Visit Website](https://retreatsandvenues.com/) ![atome bakery](https://cindicates.com/hubfs/atome%20bakery.png) Food and Beverage ###### Atome Bakery A premium e-bakery, delivering artisan sourdough and pastries that bring fresh, bakery-quality experiences straight to your home. [Visit Website](https://atomebakery.com/) ![Tenzr Health](https://cindicates.com/hubfs/tenzr%20website.png) Health and Wellness ###### Tenzr Health Redefining orthopedic recovery with a gamified platform that makes healing at home engaging and effective. [Visit Website](https://www.tenzrhealth.com/) ![ontoly](https://cindicates.com/hubfs/ontoly%20webscreen.png) Climate Tech ###### Ontoly A platform that helps commercial and residential buildings turn energy upgrades into verified carbon credits, making it easier for property owners to generate, certify, and sell high-quality, trusted credits through a streamlined system. [Visit Website](https://ontoly.org/) ![wikisleep printscreen](https://cindicates.com/hubfs/wikisleep%20printscreen.png) Consumer Health & Wellness Apps ###### Wikisleep A sleep app that uses soothing, curiosity-driven stories to gently distract the mind, making it easier to drift off naturally, no meditation required. [Visit Website](https://www.wikisleep.com/) ![Geco](https://cindicates.com/hubfs/GEco%20printscreen.png) AgTech (Agricultural Technology) ###### Geco Geco applies AI to forecast weed pressure and guide smarter, targeted weed control for farms using the equipment they already have. [Visit Website](https://www.geco-ag.com/) ![Aquaeye webscreen](https://cindicates.com/hubfs/Aquaeye%20webscreen.png) Public Safety (Search & Rescue Tech) ###### AquaEye AquaEye combines advanced sonar and AI  to help first responders quickly locate people underwater, reducing search time and improving rescue outcomes. [Visit Website](https://aquaeye.com/) We have a question! ## Are you looking for investors? If you're a startup founder seeking funding and guidance, Cindicates is the place for you. We bring together investors, startups, and the community to foster growth and innovation. [Pitch to Us](https://cindicates.com/apply-for-a-pitch-session?hsLang=en) ### Subscribe to our newsletter! [![Cindicates - Win Together](https://cindicates.com/hubfs/Black%20and%20Ivory%20Modern%20Name%20YouTube%20Channel%20Art%20(9).png)](https://cindicates.com?hsLang=en) Cindicates is an early-stage venture capital fund based in Victoria, BC, that invests in promising local startups with a focus on creating value for investors, the community, and our planet. [Follow us on LinkedIn](https://www.linkedin.com/company/72991584) ### About - [About Us](https://cindicates.com/about) - [Cindicates Team](https://cindicates.com/team) - [Investment Thesis](https://cindicates.com/investment-thesis-criteria) - [Impact Investing](https://cindicates.com/impact-investing) - [Due Diligence Process](https://cindicates.com/due-diligence-process) ### Resources - [Blog Posts](https://cindicates.com/blogs) - [Events](https://cindicates.com/events) - [Portfolio](https://cindicates.com/portfolio) - [Investors Journey Map](https://cindicates.com/investor-journey-map) - [Investor Intake Form](https://cindicates.com/investor-intake-form) - [Pitch Application Form](https://cindicates.com/apply-for-a-pitch-session) ###### Get In Touch ![Contact Cindicates](https://cindicates.com/hubfs/LinkedIn%20Posts%20Cohort%20D%20Fundraising%20(16).png) contact@cindicates.com ![Cindicates Address](https://cindicates.com/hubfs/LinkedIn%20Posts%20Cohort%20D%20Fundraising%20(17).png) 777 Fort St, Victoria, BC V8W 1H2, Canada Copyright © 2026 Cindicates All Rights Reserved.