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 specializes in developing robotics and automation systems tailored for the agricultural sector, particularly in mushroom harvesting. The company provides vision-guided robotics products that facilitate various agricultural processes, including picking, trimming, and packaging. By automating tasks that are often dull, dirty, or dangerous, 4ag Robotics aims to enhance operational efficiency and increase yields for agricultural businesses. Its technology is designed to improve overall productivity and safety within the industry, addressing the specific challenges faced by farmers and enabling them to streamline their operations.

Vive Crop Protection

Series C in 2023
Vive Crop Protection, Inc. is a Canadian company specializing in the development and marketing of crop protection products, including fungicides, insecticides, and nematicides. Founded in 2006 and headquartered in Mississauga, Ontario, the company also operates in Boston, Massachusetts, and Calgary, Canada. Vive Crop Protection focuses on creating effective and sustainable pesticides for both organic and non-organic farming. Utilizing its innovative Allosperse Delivery System, the company enhances the targeting and performance of pesticide active ingredients, allowing farmers to achieve higher crop quality and yields while using fewer resources. Its products are designed to integrate seamlessly with liquid fertilizers and other chemicals, effectively controlling diseases in crops such as sugarbeets, dry beans, alfalfa, potatoes, and corn, thereby promoting increased productivity and sustainability in agriculture.

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 is a platform that enables retailers to provide cost-effective same-day delivery services to their customers. The company specializes in managing the technology solutions that facilitate an advanced customer experience while offering a network of on-demand delivery drivers. This allows retail partners to efficiently fulfill deliveries directly from their stores, enhancing the overall delivery experience for both retailers and consumers. StoreToDoor's approach supports businesses in scaling their delivery capabilities, making it easier for them to meet customer demands for prompt service.

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 is a technology company that specializes in providing comprehensive software solutions for service-oriented businesses. Its web-based platform streamlines various operations, including quoting, work orders, scheduling, maintenance, invoicing, payments, timesheets, and accounting integration. By reducing duplicate tasks and enhancing workflow efficiency, ServiceBox helps companies manage their business processes more effectively. The platform caters to a diverse range of organizations, from large corporations to small startups, offering scalable pricing based on company size and user needs. This adaptability allows ServiceBox to serve as a unifying solution for businesses seeking to optimize their operational efficiency while minimizing risks.
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