Lex Capital Management

Lex Capital Management Inc., established in 2000, is a private equity firm headquartered in Regina, Canada. It specializes in investing in early to mid-stage companies, focusing primarily on the energy sector. The firm targets high-growth and scalable upstream oil and gas or liquids-rich natural gas prospects, as well as oil and gas drilling, exploration, and development opportunities. Additionally, it invests in real estate, technology, and energy equipment and service sectors. Lex Capital typically invests between CAD$1 million to CAD$15 million, seeking ownership positions of 5% to 25% and an investment horizon of two to six years. It does not engage in day-to-day management but takes up board representation. The firm's geographical focus is Western Canada, with a particular emphasis on Southeast Saskatchewan and the Sedimentary Basin.

Tyler Mueller

Senior Investment Manager

Dean Popil

Managing Partner and CEO

Ryan Thompson

Partner and Vice President, Investments

6 past transactions

4AG Robotics

Series A in 2023
4AG Robotics develops robotics and vision systems that automate repetitive, hazardous tasks across industrial and agricultural settings. Its solutions improve throughput, quality, and safety in sectors such as food, medical devices, transportation, forestry, and mushroom farming, where robots perform picking, trimming, and packaging. The company focuses on vision‑guided automation to increase yields and operational efficiency.

Vive Crop Protection

Series C in 2023
Founded in 2006, Vive Crop Protection develops and markets sustainable crop protection products, including fungicides, insecticides, and nematicides. The company's Allosperse Delivery System enhances the targeting and performance of these products, enabling farmers to increase crop yields while using fewer resources.

Cadence

Seed Round in 2022
Cadence is a digital aftercare concierge service that assists bereaved families in managing estate settlement tasks. The platform streamlines and automates the estate management process by providing personalized guidance and utilizing form automation. This enables users to navigate the necessary applications and notifications efficiently. Once the required parties digitally sign the documents, Cadence ensures secure distribution and tracking of submissions. By offering location-specific guidance and comprehensive advice, Cadence aims to save time and help maintain important relationships between individuals, businesses, and their clients or beneficiaries.

StoreToDoor

Seed Round in 2022
StoreToDoor enables retailers to offer cost-effective same-day delivery services. It manages the technology platform and a network of on-demand drivers, allowing partners to provide advanced customer experiences while fulfilling deliveries affordably and scalably.

Callia

Seed Round in 2021
Callia is an online gifting platform that specializes in flower delivery services, aiming to enhance the experience of sending flowers for personal and corporate occasions. The company simplifies the process of ordering high-quality bouquets, allowing users to easily share sentiments of love, kindness, and hope. By offering a range of floral arrangements, Callia provides a convenient and affordable solution for both individual customers and organizations looking to celebrate special moments or convey appreciation.

ServiceBox

Seed Round in 2020
ServiceBox develops a web-based platform for field service management. Its solution streamlines workflows by integrating quoting, work orders, scheduling, maintenance, invoicing, payments, timesheets, and accounting integration. This enables businesses to improve efficiency and operators to monitor operations effectively.
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