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ONE9

North AmericaUSCanadaCybersecurityAI/MLDeep TechDevtoolsEnterprise

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Investment thesis

ONE9 is Canada's first and only national security tech investment and innovation platform. We find, fund, and scale the next generation of disruptive security and defence technology companies. Our mission is to deliver outsized returns to investors while solving national security challenges through innovation. We're not a traditional VC — we're national security end-users and trusted business leaders operating at the intersection of innovation and investment. We don't invest in technology — we invest in the founders, companies, and capabilities vital to our security and prosperity. Our investment strategy is designed to balance deep conviction with diversification across stage, geography and theme to manage risk while seeking capital appreciation. We focus on dual-use technologies across advanced manufacturing, aerospace and space systems, autonomous systems, AI and software-defined capabilities, critical infrastructure protection, and cybersecurity.

Notable quotes

Following his many years of military service as a Squadron Commander in Canada's Joint Task Force 2 (JTF2), Cowan launched ONE9's venture capital business leveraging his special operations experience, military and intelligence knowledge, and insights on unique deal flow through his deep connections.

Glenn Cowan · Kensington Capital Partners press release · 2025-04-02

Defence is so much more than guns, bombs, and bullets.

Glenn Cowan · BetaKit interview

We see an exciting opportunity to launch an entirely new investment platform for Kensington in this sector, which has been growing dramatically and has led to real successes in our portfolio. The addition of Glenn and other key members of ONE9 to Kensington's investment team will enable us to capitalize on these trends and bring new opportunities for value creation for our investors.

Rick Nathan · Kensington Capital Partners press release · 2025-04-02

Recent investments

CompanyRoundSizeDate
Tomahawk RoboticsSeries A2023
Strider TechnologiesSeries C$55m2024
Slingshot Aerospaceunknown
goTennaunknown
Hidden Levelunknown
StirlingXunknown
North Vector Dynamicsunknown
Ventus Respiratory Technologiesunknown

Frequent co-investors

VC firmDeals together
Kensington Capital Partners6

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