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Growth VCs in Canada

57 funds

Canada hosts 57 growth-stage venture capital funds with distinct sector specializations and check size ranges. The investor base includes federal development banks (BDC deployed over $1.5B across multiple funds), established asset managers like Brookfield, and regional specialists concentrated in Toronto, Vancouver, and Montreal. Clean technology and climate tech receive substantial capital allocation, with dedicated BDC funds managing $600M and $400M respectively, while separate vehicles focus on AI, life sciences, and late-stage technology companies.

These funds operate across predictable investment bands. BDC's climate tech fund targets deals between $2M-$10M at Series A through Growth stages. Late-stage vehicles like the BDC Growth Venture Fund deploy up to $100M annually into companies at inflection points.

Venture debt providers including BMO Technology and Innovation Banking and BDC Financing support portfolio companies beyond equity rounds. The capital pool reflects institutional patience, with BDC's cleantech investments generating $7.30 in follow-on funding for every dollar committed.

Amplitude Ventures

Montréal, Québec
SeedGrowth

Capital catalyst for precision medicine and next-generation medical devices at point of value acceleration.

AILife Sciences

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

BDC Cleantech Practice (Climate Tech Fund I)

Canada
SeedSeries ASeries B+Growth

A $600M BDC fund following a federal budget commitment. Flexible, multistage and patient capital approach for cleantech entrepreneurs. Portfolio of 50 companies. For every $1 BDC committed, $7.3 was r

CleantechClimate TechRenewable EnergyClean Transportation

BDC Climate Tech Fund II

Canada
Series ASeries B+Growth

A $400M BDC fund focused on capital-intensive, asset-heavy climate tech companies. Typical deals range $2M-$10M. Targets companies building technologies with direct material GHG emission reduction pot

Climate TechCarbon CaptureElectrificationHydrogen

BDC Financing

Canada
PE / DebtGrowth

BDC's debt financing arm providing loans to Canadian businesses across all stages. Over $9.7B in annual loan acceptances across 123+ business centres serving 60,000+ clients. Products include tech com

TechnologyClean EnergyHealthcareManufacturing

BDC Growth Venture Fund

Canada
Growth

A $500M BDC fund targeting late-stage, innovation-based businesses at an inflection point with strong potential for meaningful scale. Invests up to $100M/year in companies leveraging innovative techno

Artificial IntelligenceMachine LearningeCommerceBlockchain

Beedie Capital Partners

Vancouver, BC
Series ASeries B+Growth

Provides highly flexible growth financing solutions for small to mid-market companies across a wide variety of industry sectors. Fully funded by Beedie Development Group.

SoftwareeCommerceMediaInternet Software & Services

BMO Technology & Innovation Banking

Toronto, ON
PE / DebtGrowth

BMO's technology and innovation banking group launched in 2019 providing venture debt and growth financing to Canadian tech companies. Expanded aggressively post-SVB to capture market share.

TechnologySaaSLife SciencesFinTech

Brilliant Phoenix Capital

Vancouver, BC
EarlyGrowth

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

AIOther

Brookfield Asset Management

Toronto, ON
GrowthPE / Debt

One of the world's largest alternative asset managers headquartered in Toronto. Invests in technology-enabled growth companies through Brookfield Growth and Technology Growth Partners.

InfrastructureIndustrialsBusiness ServicesTechnology

CDPQ (Caisse de dépôt et placement du Québec)

Montreal, QC
GrowthPE / Debt

Canada's second-largest pension fund and one of the world's largest institutional investors. Active direct investor and LP in the Canadian VC ecosystem.

Private EquityInfrastructureReal EstateTechnology

Claridge

Montreal, QC
Growth

Private investment firm investing $5M-$30M in high-quality businesses with strong defensible market positions.

TechnologyEntertainmentReal EstateConsumer

Clearspring Capital Partners

Toronto, ON
PE / DebtGrowth

Leading Canadian mid-market PE firm investing through buyouts, growth and acquisition financings since 2002.

IndustrialsBusiness ServicesHealthcare

Climate Innovation Capital

Toronto, Ontario
Growth

Companies with proven, deployment-ready climate technologies with near-term profitability.

AgtechCleantech

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

Desjardins Capital

Montreal, QC
GrowthPE / Debt

Private equity arm of Desjardins Group (Canada's largest cooperative financial group) since 1974. Provides venture and growth capital to Quebec businesses.

TechnologyManufacturingRetailServices

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

Export Development Canada (EDC)

Ottawa, ON
Growth

Crown corporation with over B in investment capital. Invests in Canadian VC/PE funds and co-invests directly in export-oriented companies via the Investment Matching Program (M-M, minority stakes up

CleantechDigital IndustriesAdvanced ManufacturingAgri-food

Finchley Healthcare Ventures

Montréal, Québec
Growth

Invest in innovative private companies developing breakthrough therapies. Join last or second-to-last private financing round.

Life Sciences

Fondaction

Montreal, QC
Growth

Quebec labour-sponsored fund focused on responsible and sustainable investing. Partners with Fonds FTQ, Investissement Québec, and BDC to support Quebec businesses with an emphasis on sustainability.

Clean TechnologySocial EconomySustainable DevelopmentManufacturing

Fonds de solidarité FTQ

Montreal, QC
Growth

Quebec's largest labour-sponsored venture capital fund with $20B+ in net assets. Provides venture and development capital to thousands of Quebec businesses from startup to expansion.

TechnologyManufacturingReal EstateClean Energy

Georgian

Toronto, ON
Series B+Growth

Toronto-based growth capital firm founded in 2008, one of Canada's largest investment firms, investing in enterprise software and internet companies with nearly $3B raised across 5 growth funds.

Internet Software & ServicesSoftwareeCommerceHealthcare/Life Sciences

Hercules Capital

Palo Alto, CA, USA
PE / DebtGrowth

Largest non-bank venture debt lender globally with $10B+ portfolio. Active lender to Canadian tech and life sciences companies. Publicly traded (NYSE: HTGC). Provides venture debt from $5M-$200M+.

TechnologyLife SciencesSaaSSustainable & Renewable Tech

Horizon Technology Finance

Farmington, CT, USA
PE / DebtGrowth

Non-bank venture lending company providing venture debt to VC-backed technology, life sciences, healthcare, and sustainability companies. Publicly traded (NASDAQ: HRZN). Active in the North American m

TechnologyLife SciencesHealthcareSustainability

Impression Ventures

Toronto, ON
SeedGrowthSeries A

Early-stage VC specializing in fintech startups. Invests $1M-$2M per deal as either lead or co-investor at the late seed and early Series A stages.

FinTechFinancial Technology

Intrepid Growth Partners

Vancouver, BC
Growth

Growth-stage AI companies with proven product-market fit in Canada and UK.

AICybersecurityFintechHealthtech

InvestEco

Toronto, Ontario
Growth

Fast-growing expansion-stage companies promoting health and sustainability in food and agricultural sector.

AgtechB2C

Investissement Québec

Quebec City, QC
Growth

Quebec provincial government's investment arm fostering economic development. Offers loans, loan guarantees, and equity investments, frequently co-investing alongside private VCs.

TechnologyAerospaceLife SciencesClean Technology

IVEST Consumer Partners

Vancouver, BC
GrowthPE / Debt

Vancouver-based PE firm focused on consumer brands. Portfolio generates $1.5B+ in annual retail sales.

Consumer ProductsRetailBrand Licensing

JPMorgan Chase Canada (Innovation Economy)

Toronto, ON
PE / DebtGrowth

JPMorgan's Canadian innovation economy unit expanding aggressively with 5 dedicated tech bankers. Hired Scotiabank's former head of TIB (David Rozin) to lead Canadian expansion, picking up hundreds of

TechnologySaaSFinTechLife Sciences

Kensington Capital Partners

Toronto, ON
GrowthPE / Debt

High-performing alternative investment firm active since 1996 with diversified strategy across private markets. Backed by VCCI program. Invests in VC, growth equity, and mid-market buyouts.

TechnologyGrowth EquityMid-market Buyouts

Longbow Capital

Calgary, Alberta
Growth

Energy, power, infrastructure, and technology. Energy Transition Fund II invests in tech benefiting from energy transition.

Energy/Power/Infrastructure

MKB

Montréal, Québec
Growth

Growth-stage companies accelerating energy transition across clean energy, transportation, built environment.

CleantechTransportationBuilt Environment

National Bank Technology Banking

Montreal, QC
PE / DebtGrowth

National Bank's technology banking group offering venture lending, growth and M&A financing for tech companies for over 20 years. Acquired SVB's ~C$1B Canadian loan portfolio in 2023. Also operates NA

TechnologySaaSFinTechLife Sciences

Nicola Wealth Management Ltd.

Vancouver, BC
Series ASeries B+Growth

Wealth planning and investing firm (family office) with active venture and private equity investments across Canada.

Internet Software & ServicesSoftwareCleanTechElectronic & Semiconductor

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

PaceZero Capital Partners

Toronto, ON
PE / DebtGrowth

Sustainability-focused private debt firm executing credit investments in growth-stage technology companies.

EnvironmentalSoftwareInternet Software & ServicesCleanTech

Pender Ventures

Vancouver, BC
Growth

Health tech and B2B technology at inflection point between commercialization and scale.

AICybersecurityFintechHealthtech

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

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

Scotiabank Technology & Innovation Banking

Toronto, ON
PE / DebtGrowth

Scotiabank's tech lending arm with ~C$2B lent to Canadian tech companies including BenchSci, Helcim, GeoComply, and Field Effect. Launched in 2019, expanded post-SVB collapse. Also operates via subsid

TechnologyCybersecuritySaaSFinTech

Sixty Degree Capital

Toronto, ON
Pre-SeedSeedSeries AGrowth

Global investment firm with $620M+ USD in AUM. Partners with visionary founders across technology and healthcare. Fund III closed at $338M CAD.

Enterprise SoftwareHealthcareTechnology

Stack Capital

Toronto, ON
Growth

Publicly traded investment holding company (TSX: SC) providing access to high-growth pre-IPO and late-stage technology companies.

TechnologyLate-Stage Ventures

Stifel Venture Banking

Toronto, ON
PE / DebtGrowth

Venture banking division of Stifel providing venture debt ($1M-$50M+), treasury management, and capital raising for seed through IPO-stage tech companies. Over 100 bankers, $10B+ in loan commitments.

TechnologySaaSFinTechLife Sciences

TD Innovation Partners (TDIP)

Toronto, ON
PE / DebtGrowth

TD Bank's full-service innovation banking platform launched in 2024, providing venture debt, banking, and financing solutions for technology companies at all stages. Staffed by former SVB and RBCx lea

TechnologySaaSCleantechLegalTech

Tiny Capital

Victoria, BC
Growth

Founded by Andrew Wilkinson. Acquires and operates internet businesses with a permanent capital holding company model.

Internet BusinessesSaaSMediaTechnology

Trinity Capital

Phoenix, AZ, USA
PE / DebtGrowth

Non-bank venture debt and equipment financing provider for growth-stage companies backed by leading venture capital firms. Publicly traded (NASDAQ: TRIN). Active lender in the North American market in

TechnologyLife SciencesGrowth Stage Companies

True North Fund

Kitchener, Ontario
Growth

Growth secondary VC by Canadians, for Canadians. Keep Canadian tech companies in Canada.

Sector Agnostic

Vertu Capital

Toronto, ON
GrowthPE / Debt

Invests in and works closely with premier late-stage Canadian technology companies to achieve their long-term goals.

SoftwareInternet Software & Services

Vistara Growth

Vancouver, BC
Growth

Flexible growth capital solutions (debt, convertible debt, structured equity) to mid-later stage technology companies. $10M-$50M.

AICybersecurityFintechHealthtech

Walter Capital Partners

Montreal, QC
GrowthPE / Debt

Montreal-based PE firm partnering with management teams of mid-market businesses in Quebec and Canada to drive growth.

TechnologyHealthcareBusiness Services

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

XPV Water Partners

Toronto, ON
Series ASeries B+Growth

Investment firm with a unique combination of water and investment expertise, focused on companies enabling efficient water use.

Water TechnologyEnvironmentalIndustrial & ManufacturingCleanTech

Yaletown Partners

Vancouver, BC
Growth

North America's Intelligent Industry through software, AI/ML, and IIoT. Digitalization, transformation, and sustainability.

AgtechAICleantechCybersecurity