5 Top VC Firms in Canada

featured post

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 


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

Remember, securing the right VC is about 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.

A weekly dose of insights to grow your SaaS.