Creative Destruction Lab (CDL)

investment firm


Creative Destruction Lab (CDL) is a no-fee/no-equity mentoring program for the founders and executives of pre-seed stage ventures.


Last Funding Type
Series Unknown
Last Funding Money Raised
Advanced Materials,Aerospace,Blockchain,CleanTech,Retail Technology,Risk Management,Supply Chain Management
Founded date
Aug 1, 2012
Operating Status
Also Known As
Investor Type
Entrepreneur Program,University Program

Creative Destruction Lab (CDL) is a no-fee/no-equity organization that delivers an objectives-based mentoring program for massively scalable, pre-seed stage, science- and technology-based companies. Its nine-month program allows founders to learn from experienced entrepreneurs, increasing their likelihood of success. Founded in 2012 by Professor Ajay Agrawal at the University of Toronto’s Rotman School of Management, the program has expanded to nine sites across four countries: Oxford (Saïd Business School, University of Oxford), Paris (HEC Paris), Atlanta (Scheller College of Business, Georgia Institute of Technology), Madison (Wisconsin School of Business, University of Wisconsin-Madison), Vancouver (Sauder School of Business, University of British Columbia), Montreal (HEC Montréal), Calgary (Haskayne School of Business, University of Calgary), and Halifax (Rowe School of Business, Dalhousie University).

Due to the current global COVID-19 crisis, we have adapted our program to be delivered entirely online. As we follow the guidance of public health officials, we will re-evaluate periodically to decide when to transition back to in-person format. CDL will not turn away ventures that have applied to a specific location if they are not able to attend a session in-person, as there is still uncertainty around the COVID-19 situation.

Funding Rounds

Number of Funding Rounds
Total Funding Amount
$31.10M $500K
Creative Destruction Lab (CDL) has raised a total of $31.10M $500K in funding over 2 rounds. Their latest funding was raised on Oct 13, 2022 from a Series Unknown round.
Announced Date Round Money Raised Number of Investors Lead Investors Post Valuation
Oct 13, 2022 Series Unknown $1.60M 1 Scotiabank Detail
Jun 2, 2022 Grant $500K 1 Alberta Innovates Detail
May 6, 2020 Grant $500K 1 SCALE AI Detail
Oct 9, 2018 Grant $25M 1 Government of Canada Detail
Nov 21, 2017 Series Unknown $4M 2 Bank of Montreal
RBC Capital

Funds Raised

Announced Date Fund Name Money Raised
May 22, 2017 Creative Destruction Lab 2016 -


Number of Investments
Number of Lead Investments
Creative Destruction Lab (CDL) has made 50 investments. Their most recent investment was on Jan 1, 2021, when RillaVoice raised 0.
Date Company Name
Round Money Raised Industry Lead Investor
Jan 1, 2021 RillaVoice
Non-Equity Assistant Analytics
Non-Equity Assistant Artificial Intelligence
Jan 1, 2021 Arcturus
Non-Equity Assistant Apps
Jan 1, 2021 MinervaAI
Non-Equity Assistant Cryptocurrency
Jan 1, 2021 Merkle Science
Non-Equity Assistant Blockchain Yes


Number of Lead Investors
Number of Investors
Creative Destruction Lab (CDL) is funded by 6 investors. Scotiabank and Alberta Innovates are the most recent investors.
Investor Name Lead Investor Funding Round
Scotiabank Yes Series Unknown
Alberta Innovates Yes Grant
SCALE AI Yes Grant
Government of Canada Yes Grant
Bank of Montreal Yes Series Unknown
RBC Capital Yes Series Unknown

Employee Profiles

Number of Employee Profiles
Creative Destruction Lab (CDL) has 1065 current employee profiles, including Employee Sheel Mohnot


Creative Destruction Lab (CDL) has had 44 exits. Creative Destruction Lab (CDL) most notable exits include Odin Vision ,   RoadBotics

Date Company Name Exit Type Industry
Dec 20, 2022 Odin Vision M&A Artificial Intelligence Detail
Jul 12, 2022 RoadBotics M&A Apps Detail
Jun 16, 2022 VocaliD M&A Artificial Intelligence Detail
Jun 15, 2022 Trutino Biosciences M&A Biopharma Detail
Apr 12, 2022 Nymi M&A Biometrics Detail