# One 9 Investments

One 9 Investments is a Private Equity based in Paradiso, Canada.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** Paradiso, Canada
- **Region:** North America
- **Address:** Ottawa, Canada
- **Founded:** 2013
- **Assets under management:** Undisclosed
- **Website:** www.one9.ca
- **LinkedIn:** https://www.linkedin.com/company/one-9-investments

## About

ONE9 is Canada’s first and only national security tech investment and innovation platform. It finds, funds, and scales disruptive security and defence technology companies. It is Kensington Capital Partners’ dedicated security and defence investment platform, combining national security operating experience with venture capital and institutional backing from AGF Capital Partners. Its mission is to deliver outsized returns to investors while solving national security challenges through innovation.

## Sectors

- Cybersecurity
- AI/ML
- Industrial Tech
- Energy Transition & Renewables
- SpaceTech
- Robotics & Automation
- Mobility & Transportation

## People

- Glenn Cowan — Founder and Managing Partner
- Michael Smith — Chief Operating Officer
- Jeremy Constantineau — Creative Director

## Questions

### Is One 9 Investments a stand-alone firm, or does it operate inside a larger institutional structure?

One 9 is a dedicated security and defence platform built within Kensington Capital Partners and backed by AGF Capital Partners. Kensington brings a nearly 30-year Canadian venture track record, while AGF provides institutional-grade limited-partner relationships and public-company governance. This means One 9 accesses institutional infrastructure without having to build it independently.

### What does One 9 mean by 'dual-use,' and how does that shape its portfolio?

One 9 invests in technologies that serve both defence and commercial markets—autonomous systems, space-based analytics, secure communications, and critical-infrastructure monitoring. The dual-use thesis requires that a portfolio company have a credible government or national-security buyer pulling on the technology early, which then funds the product development needed to scale into commercial industrial markets. Confirmed examples include Hidden Level's drone-detection sensors and Slingshot Aerospace's space-domain AI tools.

### What investment stages and geographies does One 9 target?

The firm concentrates on early-stage venture opportunities, spanning seed through growth rounds where the technology has demonstrated mission relevance to allied governments. Geographically, One 9 focuses on Canada, the United States, and other Five Eyes nations, reflecting the allied security relationships that underpin its sourcing and Capability Labs validation work.

### How does One 9's Capability Labs unit interact with its venture investing?

Capability Labs functions as a pre-investment validation engine. It fields a task force of international subject-matter experts who work with government clients to define operational capability gaps, then test startup technologies against those requirements. Companies that pass Capability Labs' validation process are derisked and prioritized for venture investment, creating a feedback loop where mission validation directly informs capital allocation.

### Which sectors does One 9 explicitly avoid, and why?

One 9 is structured around investment themes that map to national-security demand—advanced manufacturing, aerospace, autonomous systems, AI, critical-infrastructure protection, cybersecurity, secure communications, and quantum technologies. Consumer internet, enterprise SaaS unrelated to defence missions, and life sciences are absent from the stated themes, reflecting a deliberate choice to invest only where the team's end-user expertise and Capability Labs validation process add proprietary value.

## Related profiles

- [One97 Communications](https://altss.com/profile/one97-communications)
- [OneAccord Capital](https://altss.com/profile/oneaccord-capital)

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Last updated: 2026-08-11T15:07:41.444Z

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