Conexus Venture Capital reopens Fund #2 for additional $5M following early portfolio success

[REGINA, SK, Nov. 12, 2026] – With strong investor demand and early portfolio momentum, Conexus Venture Capital reopened CVC Fund #2, securing an additional $5 million and bringing the fund to a $35 million final close. 

Growing by approximately 15 per cent, the additional capital in CVC Fund #2 provides greater capacity to back high-performing portfolio companies and pursue new investments. 

“We are grateful to our investors for their continued confidence in our team, our thesis, our fund and, most importantly, our founders. Reopening the fund due to increased demand is an excellent signal. We’re excited to put the capital to work. The mission continues,” says Jordan McFarlen, Managing Director of Conexus Venture Capital.  

The facts. 

• Conexus Venture Capital closed CVC Fund #2 in November 2025, reaching the initial $30 million target.  
• CVC Fund #2’s investor base is comprised of top Saskatchewan-based credit unions as well as institutional and accredited investors. 
• Conexus Credit Union is an anchor limited partner, having made an initial $15 million investment in the fund. 
• CVC manages Canada’s only credit union-led venture capital funds.  

For more information and to arrange interviews, please contact: 

Michael Chmielewski 
Media Relations Specialist | Conexus Credit Union 
[email protected] | 306-751-8201 

About Conexus Venture Capital 

Conexus Venture Capital ("CVC") is a venture capital fund manager based in Saskatchewan. CVC is Canada’s only credit union-led VC fund manager, pooling capital from credit unions, institutions and accredited investors to fuel tech innovation in overlooked regions and drive outsized returns.  

CVC manages $65 million in assets across two funds (CVC Fund #1 and CVC Fund #2). As an active investor, CVC leads rounds, sets terms, syndicates with top-tier funds across Canada and works closely with founders to accelerate growth and returns. Learn more here.