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Early VCs in Canada

66 funds

This directory contains 66 early-stage venture capital funds actively investing across Canada. These funds typically write seed and Series A checks, with a few extending into Series B. You will find regional clusters in Toronto, Vancouver, and Montreal, alongside emerging hubs in Edmonton, Calgary, and Atlantic Canada.

The funds represented here span multiple sectors: life sciences and biotech dominate in Vancouver and Montreal, while enterprise software and AI concentrate in Toronto and Alberta. Several funds focus on specific founder profiles, such as women-led companies or academic spin-outs in healthcare. Most of these funds operate within defined check size ranges and stage preferences.

A few manage $35 million or larger commitments, while many operate as angel networks or smaller vehicles. Life sciences investors often source from university partnerships and established research labs. Enterprise technology funds typically target SaaS and B2B software, while newer entrants focus on applied AI and climate tech.

This list is organized by geography and updated to reflect currently active funds.

Accelia Capital

Montréal, Québec
Early

Innovative companies with high technological potential owned or led by women.

Multiple

adMare BioInnovations

Vancouver, BC
SeedSeries ASeries B+Early

Canada's Global Life Sciences Venture, sourcing promising therapeutics research from academic and biotech partners to create new companies of scale and train the next generation of life sciences leade

Life SciencesBiotechnologyHealthcare

Alacrity Canada

Victoria, BC
SeedEarly

Venture accelerator and fund associated with Wesley Clover, providing capital and mentorship to early-stage enterprise technology companies.

Enterprise TechnologySaaSB2B Software

Alborz Venture Capital Inc.

Vancouver, BC
Early

Provides early-stage startups with essential capital to fuel growth and innovation, tailored to their unique needs and goals.

Technology

AltaML Venture Studio

Edmonton, AB
SeedEarly

Venture studio that brings together talent, AI/ML expertise and capital to accelerate the growth of applied AI startups within specific enterprise verticals.

Applied AI/MLEnterprise Technology

Amiral Ventures

Montréal, Québec
Early

Enterprise AI solutions driving enterprise productivity, resilience, and sustainability.

AICleantechCybersecurityICT

Amplify Capital

Toronto, Ontario
Early

Early-stage impact venture fund focused on transformational technology in Climate and Health solutions.

AICleantechHealthtech

Apex Innovative Investments Ventures Ltd.

Toronto, ON
SeedEarly

Toronto-based $35MM venture capital fund founded in 2022 investing in early-stage startups across AI, fintech, SaaS, healthcare, and cleantech across North America and internationally.

AIFinTechSaaSHealthcare

Archangel Network of Funds

Kitchener, Ontario
Early

Network of four specialized early-stage funds under shared back-office, collectively fueling Canada's entrepreneurial growth.

Sector Agnostic

ArcTern Ventures

Toronto, ON
EarlyGrowth

Toronto-based VC investing globally in breakthrough clean technology growth companies addressing climate change. Fund III closed at $450M CAD. Selected by Canada VCCI cleantech stream.

Climate TechnologyClean TechnologySustainabilityEnergy Transition

Ascentus Capital

Vancouver, BC
Early

Leading force in real estate investment and development; also supports startups and venture companies from inception with an all-encompassing growth strategy.

Real EstateStartups

BCF Ventures

Montréal, Québec
Early

Focus on technology companies with validated product-market fit ready to accelerate growth. Staged strategy with discovery checks, building conviction by tracking execution.

AIB2CCybersecurityFintech

BDC Industrial Innovation Venture Fund

Canada
SeedSeries AEarly

Fund I ($250M) + Fund II ($200M) backing early-stage companies in legacy industries where enabling technologies can reshape Canadian companies into global leaders. Covers agtech, foodtech, robotics, a

AgTechFoodTechAdvanced ManufacturingRobotics

BDC Thrive Lab for Women

Canada
Pre-SeedSeedEarly

A $100M innovative equity investment lab providing capital, training and support for 100+ ambitious women-led businesses committed to delivering measurable positive social impact tied to UN SDGs.

Social ImpactFood SecurityAgricultureHealth & Well-being

Brightspark Ventures

Montreal, Quebec
EarlySeries A

Pan-Canadian, industry-agnostic early-stage VC backing exceptional founders building the future.

Sector Agnostic

Brilliant Phoenix Capital

Vancouver, BC
EarlyGrowth

Invest in AI, space, energy, and real estate across North America and Israel through thematic funds.

AIOther

CABHI Ventures

Toronto, Ontario
Early

Companies advancing healthy aging, brain health, and dementia care.

FintechHealthtechAgeTech

Celtic House Venture Partners

Ottawa, ON
Series ASeries B+Early

Venture capital investor in media communication technologies, with 4 funds raised and 69 deals recorded.

Electronic & SemiconductorInternet Software & ServicesMobile & TelecommunicationsSoftware

Chrysalix Venture Capital

Vancouver, BC
Early

Experienced industrial sustainability investor with 20+ years in energy and industrial innovation. Fifth fund invests in early-stage technologies for carbon neutrality.

Industrial SustainabilityCarbon NeutralityEnergyMining

CTI Life Sciences / CTI Sciences de la vie

Montreal, QC
EarlyGrowthSeed

Venture capital firm investing in high-quality emerging life sciences companies at the pre-clinical and clinical development stage in Canada and the US.

Healthcare/Life Sciences

Cycle Capital Management

Montreal, QC
SeedSeries ASeries B+EarlyGrowth

Leading private ClimateTech VC platform investing across North America, Europe and Asia in companies enabling net-zero transition, reducing GHG emissions, and optimizing resources.

CleanTechEnvironmentalAgribusinessInternet Software & Services

Defined VC

Vancouver, BC
SeedEarly

Thesis-first VC backing founders shaping the AI frontier. Over a decade of AI investing with $20B+ in enterprise value created, 4 unicorn exits including 1 decacorn, and 30+ portfolio companies. Focus

Artificial IntelligenceRoboticsDrug DiscoveryAutonomous Systems

Deloitte Ventures

Toronto, Ontario
Early

Invest in early-stage B2B enterprise software companies with clear product-market fit and strong Canadian angle.

AICleantechCybersecurityFintech

Diagram

Montréal, Québec
Early

Venture studio and VC focused on launching transformative Fintech and ClimateTech companies.

AICleantechFintech

Disruption Ventures

Toronto, ON
SeedEarly

Canada's first private female-founded VC fund for women entrepreneurs. Addresses systemic underfunding of women-led companies.

Technology

Emend Vision Fund

Victoria, BC
SeedEarly

Technologies for Industrial Transformation and climate impact reduction in traditional sectors.

AgtechCleantechCybersecurityIoT

Emmertech

Regina, Saskatchewan
EarlySeries A

Upstream AgTech increasing productivity, profitability, and sustainability of food production.

Agtech

EnerTech Capital

Toronto, ON
EarlyGrowth

Invests in early to growth-stage companies that offer products or services that dramatically improve the profitability of producing or consuming energy.

Energy & PowerCleanTech

Esplanade Healthtech Ventures

Montreal, QC
SeedSeries AEarly

Early-stage digital health venture fund investing in Canada and the US.

Healthcare/Life SciencesDigital HealthSoftware

Extreme Venture Partners (EVP)

Toronto, ON
SeedSeries AEarly

Focuses on providing early-stage venture capital and management expertise to startup businesses.

Internet Software & ServicesMobile & TelecommunicationseCommerceSoftware

FACIT Inc.

Toronto, ON
SeedSeries ASeries B+Early

Award-winning commercialization venture firm building companies with entrepreneurs to accelerate oncology innovation, partnered with the Ontario Institute for Cancer Research (OICR).

Healthcare/Life SciencesOncology

Futuresight

Toronto, Ontario
Early

CoFounds & Funds B2B AI-native SaaS companies with values-driven leaders.

AIFintechHealthtechSaaS

Genesys Capital

Toronto, Ontario
Early

Early-stage life science opportunities in areas of unmet medical need. Company co-creation investment strategy.

Life Sciences

Greensoil PropTech Ventures

Toronto, Ontario
Early

Mission to digitize and decarbonize the built environment. Focus on real estate productivity and sustainability.

AgtechCleantechProptech

iGan Partners Inc.

Toronto, ON
SeedSeries ASeries B+Early

Growth capital investment firm providing private funding and merchant banking services to a wide variety of businesses at different stages of development.

Healthcare/Life Sciences

Information Venture Partners Inc.

Toronto, ON
Series ASeries B+Early

Focused exclusively on North American enterprise and financial technology companies, with 3 funds raised and 62 deals recorded.

Enterprise TechnologyFinTechInternet Software & ServicesSoftware

Innovacorp

Halifax, NS
SeedEarly

Nova Scotia's early-stage venture capital organization. Provincial crown corporation building Atlantic Canada's innovation ecosystem.

TechnologyLife SciencesClean TechnologyOcean Technology

INP Capital

Vancouver, BC
Early

Global deeptech and greentech companies reshaping legacy industries. Bridge between Canada and Asia-Pacific.

AgtechAICleantechFintech

Leva Capital

Toronto, Ontario
Early

MedTech and Digital Health companies improving patient outcomes and expanding access to care.

HealthtechLife Sciences

Luge Capital

Montréal, Québec
Early

Early-stage, fintech-focused VC. Strategic LP base includes large financial institutions and pension funds.

CybersecurityFintech

Maple Bridge Ventures

Ottawa, ON
SeedEarly

Early-stage venture capital firm preferring to invest in science and technology sector companies founded by Canadian immigrants.

Science & Technology

Métanoïa / Metanoia

Montreal, QC
Early

Boutique consulting and fund focused on early-stage impact investment.

Impact

OMERS Ventures Management Inc.

Toronto, ON
SeedSeries ASeries B+EarlyGrowth

Venture capital arm of OMERS pension fund with nearly $61B in net assets; 5 funds raised and 130 deals recorded across North America.

Internet Software & ServicesSoftwareComputer Hardware & ServicesBusiness Products & Services

Plaza Ventures

Toronto, ON
Series ASeries B+Early

Early growth-stage technology venture capital investor with 7 funds raised and 41 deals recorded.

Internet Software & ServiceseCommerceMobile & Telecommunications

Quantum Valley Investments

Waterloo, ON
Early

Founded by BlackBerry creators Mike Lazaridis and Doug Fregin with a $100M fund for commercialization of quantum physics breakthroughs.

Quantum ComputingQuantum SensingQuantum Communications

Quark Venture Inc.

Vancouver, BC
SeedSeries ASeries B+Early

Global venture capital company focused on equity financing of innovative biotechnology companies with breakthrough technology platforms.

BiotechnologyHealthcare/Life Sciences

Radical Ventures

Toronto, Ontario
EarlyGrowth

Invest in world-leading companies developing and applying artificial intelligence.

AI

RecapHealth Ventures

Vancouver, BC
EarlyGrowth

Innovative private equity fund supporting entrepreneurs and executives fostering innovation in Canada's health and wellness industry.

Healthcare/Life SciencesHealth & Wellness

Relentless Pursuit Partners

Vancouver, BC
Early

Focus on most common age-related conditions: brain health, diabetes, cardiovascular, mobility, respiratory, musculoskeletal.

AIHealthtechLife SciencesSaaS

Renewal Funds

Vancouver, BC
EarlyGrowth

Climate technology startups improving sustainability and resilience of infrastructure, production and manufacturing.

AgtechB2CCleantechSaaS

Roadmap Capital Inc.

Toronto, ON
Series ASeries B+EarlyGrowth

Private venture capital and mutual fund management company with 1 fund and 51 deals recorded.

Electronic & SemiconductorComputer Hardware & ServicesHealthcare/Life Sciences

Rogue Insight Capital

Markham, ON
SeedEarly

VC firm (division of the Gupta Group) focused on investing in women, immigrant, and visible minority founders building impact-driven companies. Portfolio of 31+ investments across six continents inclu

TechnologySocial ImpactHospitalityReal Estate

Round13 Capital Inc.

Toronto, ON
SeedSeries ASeries B+Early

Founders Fund backed by successful entrepreneurs, with 7 funds raised and 91 deals recorded.

Internet Software & ServicesSoftwareComputer Hardware & ServiceseCommerce

SVG Ventures | THRIVE

Calgary, Alberta
SeedEarlySeries A

Ground-breaking startups revolutionizing agrifood through technology-enabled solutions for climate, food security, sustainability.

AgtechAICleantechFintech

Tacenda Capital (VCC) Inc.

Vancouver, BC
Early

Writes relatively small cheques to early-stage founding teams with grit, focus and passion to bring interesting and innovative projects to life.

Technology

TandemLaunch

Montréal, Québec
SeedEarly

Start-up foundry and seed fund in AI, Computer Vision, IoT, Advanced Sensors, sustainability, and Advanced Materials.

AICleantechICTIoT

Technology Venture Corporation

Moncton, NB
SeedEarly

Private venture capital and investment holding company focusing exclusively in the four Atlantic Canadian provinces, primarily in technology companies.

Internet Software & ServicesElectronic & SemiconductorTechnology

Top Down Ventures

Vancouver, BC
Early

Software and AI infrastructure powering global Managed Services ecosystem ($600B market).

AICybersecurityFintechICT

Two Small Fish Ventures

Toronto, Ontario
Early

Next frontier of computing: domain specific deep AI platforms, physical AI, AI infrastructure, advanced computing hardware, smart energy.

AICleantechCybersecurity

Vanedge Capital

Vancouver, BC
Early

Two themes: AI & Analytics and Disruptive HardTech. Target companies with sustainable technological advantages.

AICleantechHealthtechICT

Vantage Futures

Vancouver, BC
Early

Corporate venture capital arm investing in and partnering with early-stage startups working to transform aviation and transportation infrastructure.

AviationTransportation Infrastructure

Version One Ventures

Vancouver, BC
Early

Back mission-driven founders early in new areas. Focus on crypto, deep tech, and enterprise SaaS.

AIB2CHealthtechSaaS

Wesley Clover International Corporation

Ottawa, ON
SeedSeries AEarly

Private equity and investment management firm with active interests in Information and Communication Technologies, Digital Media, Real Estate and Leisure Properties.

Information & Communication TechnologiesDigital MediaReal EstateLeisure Properties

Western Technology Investment (WTI)

Portola Valley, CA, USA
PE / DebtSeedEarlyGrowth

Pioneered venture debt in 1980. $7.8B deployed across 1,400+ companies including Canadian firms. Now investing out of 11th institutional fund. Acquired by P10 in 2022. Flexible, founder-friendly lendi

TechnologySaaSLife SciencesEnterprise Software