21 Best Venture Capital (VC) Firms in Canada

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Looking for VC firms in Canada to help give your startup the needed push?

This article is your go-to guide for discovering the five top venture capital firms across the Great White North. We’re not just talking about money here; these are the firms that offer a mix of funding, industry expertise, and networking opportunities to take your startup to new heights.

Whether you’re in tech, healthcare, or any sector in between, these Canadian VCs have a track record of backing ambitious ideas and turning them into market leaders.

1. Loyal VC

Loyal VC is a global early-stage investment firm founded in 2018. The firm has made over 100 investments in more than 30 countries. It is supported by a team of over five investing professionals and 250 expert advisors distributed globally across various industries and functions. Notably, 35% of Loyal’s portfolio companies have a woman CEO, and about 45% feature a woman in a leadership role, reflecting the firm’s commitment to diversity and an investment approach that prioritizes company performance over pitches.

Headquarters: Canada

Investment Geography: Canada, United Kingdom, United States, Singapore, Australia, India, Netherlands, Hong Kong, Egypt, Germany, Taiwan, Israel.

Operating since: 2018

Investment Focus: Consumer Internet, FinTech, EdTech, FoodTech, E-commerce, Enterprise Software/SaaS, MarTech, CyberSecurity, Media, Gaming.

Stages: Pre-Seed, Seed.

Number of investments: 174

Number of exits: 1

Check size: $10K – $200K

Notable investments: DaDa, Mytm.

Founders/Key People: Kamal Hassan, Michael Kosic.

Website: https://www.loyal.vc

2. Mistral Venture Partners

Mistral Venture Partners is a venture capital investment firm established in 2013 and headquartered in Ottawa, Canada. The firm focuses on making pre-seed and seed investments in companies operating in enterprise software, artificial intelligence, and marketplace sectors. Mistral Venture Partners is distinguished by its team of seasoned investors, who are former entrepreneurs, operators, and long-time venture capitalists, each bringing extensive experience in company building. 

Headquarters: Canada

Investment Geography: Canada, USA, Israel.

Operating since: 2014.

Investment Focus: Enterprise SaaS, Enterprise Software, IoT, Marketplaces, Cloud Computing, AI, ML, Data Analytics, FinTech, Blockchain, CyberSecurity, EdTech, FoodTech, Sensors, Telcom, LegalTech, HRTech, MarTech.

Stage: Pre-Seed, Seed, Post-Seed, Series A, Series B+.

Number of investments: 64

Number of exits: 7

Check size: $100K – $2M

Notable investments: Ritual.co, Rewind

Founders/Key People: Pablo Srugo, Code Cubitt

Website: https://mistral.vc

3. N49P Ventures

N49P is a venture capital firm that concentrates on seed-stage investments in Canadian technology startups. Founded in 2019, N49P is actively seeking new investments and operates primarily out of Toronto, Ontario, Canada. N49P’s investment strategy is characterized by its focus on early-stage Canadian venture-scale technology startups, spanning a broad range of industries and business models, with a preference for software companies. The firm’s approach is tailored to startups at various stages of development, from idea and pre-product to the seed round​​​​.

Headquarters: Canada

Investment Geography: USA, Canada

Operating since: 2019.

Investment Focus: Software, SaaS, B2B, Enterprise, FinTech, PropTech, HealthTech, EdTech, Blockchain, AI/ML, CyberSecurity, HRTech, Consumer Tech

Stage: Seed, Post-Seed, Series A.

Number of investments: 40

Number of exits: 2

Check size: $100K – $1M

Notable investments: Moonshot Brands, Voiceflow

Founders/Key People: Alex Norman, Omar Dhalla

Website: https://www.n49p.com

4. 7 Gate Ventures

7 Gate Ventures operates in Vancouver, Canada, and Silicon Valley. Formed in 2015 by a group of serial entrepreneurs, it specializes in early-stage startups, targeting investments from Pre-Seed to pre-Series A stages. The firm is dedicated to identifying and funding technical founders, particularly at the seed stage, with the goal of scaling them to become billion-user companies. 7 Gate Ventures strives to fill the gap in institutional seed-stage funding within the Canadian ecosystem and is committed to removing stigmas against immigrant minority communities. 

Headquarters: Canada

Investment Geography: Canada, USA

Operating since: 2015

Investment Focus: Enterprise Software, Marketplaces, HealthTech/Digital Health, Medical Devices

Stages: Pre-Seed, Seed, Pre-Series A

Number of investments: 29 

Number of exits: 4

Check size: $50k – $250k

Notable investments: Spocket, Qudos, Carfit

Founders/Key People: Amir Vohooshi, Alireza Rahnema

Website: https://7gate.vc

5. Amplitude Venture Capital

Amplitude Venture Capital is a savvy group of investors and company builders with a heart for healthcare startups. With decades of experience under their belt, they’ve made a mark by being part of Canada’s most active VC firms, creating and nurturing Canadian healthcare companies to compete globally. The firm eyes innovators who are transforming healthcare with top-notch diagnostics, precise treatments, and cutting-edge technology like AI in therapeutic development, robot-assisted surgery, and 3D printing of tissues and organs.

Headquarters: Canada

Investment Geography: Canada, USA

Operating since: 2018

Stages: Series A, Series B

Investment Focus: Precision Medicine, BioTech, Software, Biology, Artificial Intelligence 

Number of investments: 29

Number of exits: 8

Check size: $1m – $15m

Notable investments: Clementia Pharmaceuticals, Drugbank

Founders/Key People: Allison Gaw, Jean-François Pariseau

Website: https://amplitudevc.com/en 

6. Build Ventures

Build Ventures primarily invests in early-stage technology companies, focusing on the Atlantic region of Canada. The firm is known for investing VC in companies offering high-impact, technology-driven solutions. As of now, they have raised at least $86.7 million in funds. Their investment approach emphasizes support for emerging technology companies.

Headquarters: Canada

Investment Geography: USA, Canada

Operating since: 2013

Stages: Seed, Series A, Series B

Investment Focus: Enterprise Software, Cloud Computing, AI, Big Data, Data Analytics, Data Science, Business Intelligence, IoT, Sensors, Robotics, Drones, Hardware, AgTech, Medical Devices, AdTech, Media, Gaming, MarTech, FinTech, Dev Tools, EnergyTech, EdTech, Automotive

Number of investments: 34

Number of exits: 6

Check size: $100k – $20m

Notable investments: Snyk 

Founders/Key People: Patrick Keefe, Chelsea Chen

Website: https://buildventures.ca 

7. Georgian Partners

Georgian, formerly known as Georgian Partners, is a fintech company specializing in growth-stage software companies. Georgian’s investment focus remains on high-growth B2B software companies, generally targeting investments in the range of $25 million to $75 million, typically in Series B or later rounds. The company’s strategy includes investing in companies with a minimum of $500k in monthly recurring revenue, looking to raise $25 million or more, and led by strong teams aligned with their thesis areas. Georgian’s fund strategies include Growth Funds, with check sizes ranging from $25M-$50M for Series B, C, and D rounds, and Alignment Funds, offering $100M-$300M checks in late-stage rounds for leading Georgian Growth Fund companies.

Headquarters: Canada

Investment Geography: Israel, UK, USA, Canada, Indonesia

Operating since: 2008

Stages: Series B,Series C,Series D

Investment Focus: Enterprise Software (Applied AI,Security First,Conversational AI)

Number of investments: 125

Number of exits: 26

Check size: $25m – $75m

Notable investments: ClickUp, Devo, Oyster

Founders/Key People: Justin Lafayette, John Berton

Website: https://georgian.io 

8. Information Venture Partners

Information Venture Partners is a Toronto-based investment firm founded in 2014, specializing in early-stage investments in business services, technology, and financial services sector companies across Canada. The firm focuses on supporting startups and growing businesses in these sectors, offering both financial investment and strategic support to help them scale and succeed in competitive markets. With a strong presence in the Canadian venture ecosystem, Information Venture Partners has managed three closed funds as of May 2021, indicating its active engagement in funding and growing innovative companies.

Headquarters: Canada.

Investment Geography: Canada, United States.

Operating since: 2014

Investment Focus: Enterprise FinTech, Enterprise SaaS.

Stages: Seed, Series A, Series B.

Number of investments: 77

Number of exits: 23

Check size: $50K – $1M

Notable investments: Verafin, Adaptive Insights

Founders/Key People: David Unsworth

Website: https://informationvp.com/

9. Island Capital Partners

Island Capital Partners Ventures, established in 2017, focuses on early-stage investments primarily in the pre-seed and seed phases, occasionally engaging in pre-pre-seed investments as well. They typically invest between $50,000 and $500,000 in startups, with a geographical focus on Atlantic Canada, especially Prince Edward Island (PEI). As operational investors, they actively assist in setting up businesses from the earliest stages.

Headquarters: Canada

Investment Geography: Canada, United States, Ireland.

Operating since: 2017

Investment Focus: Enterprise Software, EnergyTech, AgTech, Medical Devices, GovTech, SalesTech, Environmental, Sustainability.

Stages: Pre-Seed,Seed, Series A, Series B+.

Number of investments: 14

Number of exits: 1

Check size: $50k – $500k

Notable investments: DearLife, PayTic

Founders/Key People: Alex MacBeath

Website: https://www.islandcapital.vc/

10. Plaza Ventures

Plaza Ventures is a venture capital firm based in Toronto, Canada, established in 2008. It focuses on growth-stage investments, particularly in companies operating in sectors like business products and services, information technology, SaaS, and mobile technologies. The firm primarily invests in the United States and Canada. Plaza Ventures connects growing B2B companies to private capital from successful families, leveraging its expertise to stimulate the Canadian innovation economy. The firm’s approach integrates private investors and deploys capital in high-potential ventures.

Headquarters: Canada (Toronto, Ontario)

Investment Geography: USA and Canada 

Operating since: 2008

Investment Focus: B2B, SaaS, Enterprise Software, Location-based Services, IoT, Smart City, Digital Media, Marketplaces

Stages: Series A, Series B

Number of investments: 55

Number of exits: 21

Check size: $1m – $15m

Notable investments: Symend, Keek, FanXchange

Founders/Key People: Daniel Brothman, Matthew Leibowitz, Daniel Israelsohn

Website: http://www.plaza.ventures/

11. Concrete Ventures

Concrete Ventures is a venture capital fund founded in Atlantic Canada. It focuses on pre-seed investments in the region. The firm prides itself on its “by founders, for founders” culture, aiming to add significant value to its portfolio companies. Their approach involves providing capital, strategic support, and resources tailored to early-stage companies’ needs. This includes negotiated rates and discounts from various tools and services, founder-designed playbooks for addressing startup challenges, peer learning through quarterly council meetings, and a clear path forward for the venture capital journey.

Headquarters: Canada

Investment Geography: Canada, USA, Australia, Netherlands

Operating since: 2019

Stages: Pre-Seed, Seed

Investment Focus: Enterprise Software, SalesTech, CyberSecurity, GovTech, LegalTech, Hardware, BioTech, EdTech

Number of investments: 32

Number of exits: 3

Check size: $250k – $500k

Notable investments: Measurabl, Spellbook

Founders/Key People: Patrick Hankinson, Kory Henn

Website: https://www.concrete.vc 

12. Framework Venture Partners

Framework Ventures is a venture capital firm that specializes in blockchain technology. It’s a thesis-driven firm that actively collaborates with founders to build token-based networks and develop the necessary crypto-economics, governance, and community structures to scale. Their investment focuses on reshaping consumer and enterprise web business models through permissionless innovation enabled by blockchain technology. Framework Ventures is known for partnering with teams to facilitate the global transition to decentralized technology. 

Headquarters: Canada

Investment Geography: Canada, China, USA, UK, India, Australia, Singapore, Germany, Brazil, Vietnam, Ukraine, France, Denmark, Greece, Nicaragua, Hong Kong, British Virgin Islands, Finland

Operating since: 2018

Stages: Series A,Series B,Series C

Investment Focus: Enterprise (FinTech,InsurTech,AI,ML,Big Data,Business Intelligence, SaaS, Cloud, Mobile,Retail,E-commerce,FoodTech,Data-Driven Services)

Number of investments: 29

Number of exits: 3

Check size: $3m – $10m

Notable investments: Andalusia Labs, Incode Technologies

Founders/Key People: Michael Anderson, Vance Spencer

Website: https://www.framework.vc 

13. Genesys Capital

Genesys Capital is a prominent venture capital firm specializing in the healthcare and biotechnology sectors. They focus on building companies in these high-growth areas. With over $250 million invested, Genesys Capital has an impressive portfolio, comprising 38 companies and achieving 18 exits. Their investments are mainly in innovative areas like biotechnology, pharmaceuticals, medical technology, and more. Their successful track record reflects their approach to investment and company building.

Headquarters: Canada

Investment Geography: USA, Canada, Spain, Switzerland

Operating since: 2000

Stages: Seed, Series A, Series B

Investment Focus: Life Sciences (BioTech, AI, Data Analytics, Biopharma, Pharma, Software, Therapeutics, Diagnostics, Medical Devices, MedTech)

Number of investments: 61

Number of exits: 26

Check size: $1m – $20m

Notable investments: InVitae, Inversago Pharma

Founders/Key People: Yves Checoury, Kelly Holman

Website: https://www.genesyscapital.com

14. Golden Ventures

Golden Ventures is a venture capital firm based in Toronto, Canada, established in 2011 by Matt Golden. It specializes in funding seed-stage companies across North America. The firm’s investment focus includes a wide range of sectors such as manufacturing, business services, consumer products and services, education, energy, eSports and gaming, fintech, food, logistics, media, and e-commerce. Golden Ventures is known for its early-stage investments, predominantly in seed-stage companies, but also provides follow-on investment up to Series A and occasionally beyond. Golden Ventures typically issues initial checks between $500K and $2M.

Headquarters: Canada

Investment Geography: Canada, Singapore, USA, France

Operating since: 2011

Stages: Seed,Series A,Series B

Investment Focus: AdTech, Aerospace, Biotechnology, E-commerce, EdTech, FinTech, FoodTech, Hospitality, HealthTech, Life Sciences, Analytics, Digital Media, Entertainment, Marketplaces, Hardware, MarTech, Material Science, Robotics, Enterprise Software

Number of investments: 183

Number of exits: 34

Check size: $500K and $2M

Notable investments: Zynga, Salesforce

Founders/Key People: Matt Golden, Bert Amato

Website: https://www.golden.ventures 

15. OMERS Ventures

OMERS Ventures is a venture capital investment firm based in Toronto, Canada, established in 2011. It is the venture capital arm of OMERS, the pension plan for Ontario’s municipal employees. The firm primarily focuses on technology, media, and telecommunications markets. It operates on a multi-stage investment strategy and has a significant presence with offices in Toronto, Palo Alto, and London. 

Headquarters: Canada (Toronto)

Investment Geography: Canada, USA, Europe

Operating since: 2011

Investment Focus: AI, ML, HealthTech, Digital Health, PaaS, Synthetic Biology, SaaS, FinTech, AR, VR, MR, Privacy, Consumer,Smart City, Decentralization, Blockchain, Quantum Computing, Gaming, eSports, Micro Services, AutoTech, Enterprise Software, Data Analytics, Business Intelligence

Stages: Series A, Series B, Series C

Number of investments: 161

Number of exits: 26

Check size: $3m – $50m

Notable investments: Shopify, Crunchbase, Embark Trucks, Medal, Jobber

Founders/Key People: Jambu Palaniappan, Damien Steel, Michael Yang

Website: https://www.omersventures.com/

16. Panache Ventures

Panache Ventures is a venture capital investment firm based in Canada, focusing primarily on early-stage technology companies. Founded in 2017, the firm has been actively investing in seed-stage startups, with a particular interest in areas such as artificial intelligence, machine learning, blockchain, cybersecurity, and financial technology. Panache Ventures is known for its founder-friendly approach, emphasizing mentorship and acceleration to support the growth of startups. The company’s investment strategy covers various sectors, including analytics, AR/VR, clean tech, cloud infrastructure, digital health, fintech, and more.

Headquarters: Canada (Montreal Quebec)

Investment Geography: Canada, USA

Operating since: 2017

Investment Focus: FinTech, Digital Health, EdTech, Digital Media, TravelTech, Consumer Internet, E-commerce, Sports, Enterprise/B2B, Software/SaaS, MarTech, Real Estate/PropTech, Cyber Security, HRTech

Stages: Pre-Seed, Seed

Number of investments: 175

Number of exits: 16

Check size: $500k – $1m, $1m – $3m

Notable investments: Forma AI, Sanctuary AI, Certn

Founders/Key People: Chris Neumann, Patrick Lor, Scott Loong

Website: https://www.panache.vc/

17. Rhino Ventures

Rhino Ventures is a venture capital firm based in Vancouver, Canada, focused on early-stage investments. Rhino Ventures operates with a founder-friendly approach, ensuring swift decision-making within a strict four-week investment process. They target revenue-generating businesses with low burn rates and a solid cash-flow outlook, seeking companies with a durable competitive advantage. Their investment scope ranges from Pre-Seed through Series A stages, with a preference for leading the majority of their investment rounds. 

Headquarters: Canada (Vancouver)

Investment Geography: Global

Operating since: 2005

Investment Focus: Consumer Internet/Consumer Brands, E-commerce, eSports, Wearables, FinTech, B2B/Enterprise, Software/SaaS, MarTech, BioTech

Stages: Seed, Series A

Number of investments: 32

Number of exits: 10

Check size:$100k – $5m

Notable investments: Thinkific, Tutela, Askott

Founders/Key People: Fraser Hall, Jay Rhino

Website: http://www.rhinovc.com/ 

18. Ripple Ventures

Ripple Ventures is a venture capital and private equity firm focused on early-stage investments. Founded in 2018 and based in Toronto, Canada, the firm is particularly interested in companies developing creator and developer tools, as well as enterprise software. Ripple Ventures provides both capital and operational support to help entrepreneurs scale their businesses. The sectors they are involved in include software, cloud, infrastructure, health tech, cryptocurrency, developer tools, e-commerce, retail, wholesale, fintech, finance, and payments. They are known for investing in stages from Pre-Seed to Series A, showing a commitment to supporting startups through various early phases of growth.  

Headquarters: Canada (Toronto)

Investment Geography: USA, Canada

Operating since: 2018

Investment Focus: B2B Software/SaaS, Enterprise (Workflow Automation, Data Tools)

Stages: Seed, Post-Seed, Series A

Number of investments: 40

Number of exits: 4

Check size: $500k – $2m

Notable investments: Voiceflow, Lula, Wisedocs

Founders/Key People: Matt Cohen, Dominic Lau

Website: http://www.rippleventures.com/ 

19. Stand Up Ventures

StandUp Ventures is a venture capital firm based in Toronto, Canada, that champions seed-stage technology companies led by women. With a strong belief in the unique value women-led companies bring, including innovative thinking, exceptional talent recruitment, and serving larger markets, StandUp Ventures requires at least one woman in a C-level leadership position with equitable ownership for investment consideration. The firm has launched two funds, with the second fund aiming for a target of at least $35 million, indicating strong investor confidence in its focus on gender diversity and the potential of women-led startups.

Headquarters: Canada

Investment Geography: Canada

Operating since: 2017

Investment Focus: Female Founders (Enterprise Software, Digital Health, B2B SaaS).

Stage: Pre-Seed, Seed, Series A, Series B.

Number of investments: 39

Number of exits: 1

Check size: $100K – $1M

Notable investments: Tealbook, Arteria

Founders/Key People: Michelle McBane

Website: https://www.standupvc.com/

20. Vanedge Capital

Vanedge Capital is an early-stage venture capital fund based in Vancouver and Silicon Valley. They focus on supporting entrepreneurs in the Hard Tech, Analytics, and Computational Biology sectors. Vanedge aims to mitigate execution risk and attract follow-on capital for their portfolio companies. As of now, they manage $390 million.

Headquarters: Canada

Investment Geography: United States, Canada.

Operating since: 2010

Investment Focus: Applied Analytics, Analytics Tools & Platforms, Computational Biology, HardTech/DeepTech, Cyber Security, SaaS/Software & Digital Media.

Stage: Pre-Seed, Seed, Series A, Series B.

Number of investments: 62

Number of exits: 15

Check size: $500K – $5M

Notable investments: Echodyne, SpaceX

Founders/Key People: Paul Lee

Website: https://www.vanedgecapital.com/

21. Yaletown Partners

Yaletown Partners is a venture capital firm founded in 2001 and headquartered in Vancouver, Canada. The firm is particularly focused on investing in emerging-growth technology companies, with a specific emphasis on software, data, and device technologies. Yaletown Partners actively supports digital transformation by investing in technologies that disrupt and modernize traditional industries, services, real estate, and infrastructure. This approach is driven by their vision of fostering a more productive future and climate resilient growth.

Headquarters: Canada.

Investment Geography: Canada, United States, Finland, India, Belgium, Ecuador.

Operating since: 2001

Investment Focus: Enterprise Software,Data Technologies,Hardware/Device Technologies.

Stage: Pre-Seed,Seed,Series A, Series B.

Number of investments: 99

Number of exits: 21

Check size: $500K – $2.5M

Notable investments: NetSuite, General Electric.

Founders/Key People: Hans Knapp

Website: https://yaletown.com

Conclusion

And that wraps it up for the top VC firms in Canada, each a powerhouse in turning innovative ideas into successful businesses.

Securing the right VC is more than just funding; it’s about partnering with those who share your vision and can accelerate your journey to success. With these Canadian VC firms, you’re looking at networks, expertise, and resources that go way beyond a financial boost.

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