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  • Writer's pictureKelly Alica Liman

Top 57 VC Funds and Angel Investors in Canada

Ranking 4th in the Global Startup Index, Canada is one of North America's most prominent innovation centers. Canada is a place where brilliant minds and bold ideas come together with an unrivaled spirit to address the world's most pressing issues. With its market-oriented economic structure, high standards of living, proximity to the US, native English language, and genuine desire to expedite the development of local startups; Canada's image as a progressive nation provides a rock-solid platform for founders to grow their enterprises in the country. With yet another great year, Canada has established a significant lead over those ecosystems rated below it; attracting numerous investors into its market. In this article, we have compiled a comprehensive list of the top VC funds and angel investors in Canada that may be the right funding partner for you.






VCs and Angel investors in Canada
VCs and Angel investors in Canada

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Why Should You Raise Funds in Canada?


Here are some reasons why startups should consider raising funds in Canada:


  1. Access to Capital and Financial Support: According to KPMG Private Enterprise's Venture Pulse report, Canada's venture capital sector concluded 2022 on a high note, with over USD 10 billion invested in Canadian firms in over 1080 transactions, the second largest year on record. Aside from the strong VC market, another powerful motivator is financial support from the Canadian government in the form of tax benefits, credits, and refunds to promote startup initiatives. There are also numerous government financing programs and public grants accessible for business ventures.

  2. Access to Skilled Talent: Canada is home to some of the world's best educational institutions, with tens of thousands of world-class graduates being generated and going on to work for high-growth Canadian startups. Canada is also appealing to international students as the region is a welcoming place where newcomers may meet individuals from their own community as well as join hundreds of others. Canada's immigration schemes also attract top-tier employees from overseas, such as Startup Visa that allows entrepreneurs to immigrate to the nation and create their own businesses

  3. Governmental and Educational Support System: Canada's higher education institutions not only offer a consistent flow of educated talents but also promote a collaborative and inclusive environment. Numerous programs have been developed by top institutions to encourage the transfer of academic prowess to businesses; oftentimes with incubators built into their systems. The government also supports these incubators by providing funding and subsidies, as well as supporting policies such as the Scientific Research and Experimental Development Tax Credit that provides returns of up to 65 percent for R&D expenses. Consortiums comprised of academics, industry, government, investors, regional hubs, and both early-stage and established firms have been built and are working synchronously to commercialize their solutions.





Venture Capitalist Funds in Canada


The venture capitalist funds below are actively looking for investments in promising companies throughout various stages and sectors. The stages stated do not limit the possibility of getting funding if your company is at any stage other than what is listed.



  • Year of Inception: 2020

  • Stage: Pre Seed

  • Focus: Technology

  • Notable Portfolio: Omnicart, Vetsie, Startup Arena, Hubly

  • Contact



  • Year of Inception: 2018

  • Stage: Pre Seed, Seed

  • Focus: Technology

  • Notable Portfolio: Nolk, Lancey, PurposeMed, Audette, OSOM

  • Contact



  • Year of Inception: 2009

  • Stage: Pre Seed, Seed

  • Focus: Technology

  • Notable Portfolio: Invenia, Longbida, Exigence, PriceRazzi

  • Contact



  • Year of Inception: 2015

  • Stage: Pre Seed, Seed, Series A

  • Focus: Technology, Enterprise Software, Marketplaces, HealthTech, Medical Devices

  • Notable Portfolio: Spocket, MetaOptima, Stay22, Trayt, OptiSense

  • Contact



  • Year of Inception: 2007

  • Stage: Seed

  • Focus: Technology

  • Notable Portfolio: Blanc Labs, Dot Health, Foxquilt, Pitstop, Acto

  • Contact





  • Year of Inception: 2011

  • Stage: Seed

  • Focus: Sector Agnostic

  • Notable Portfolio: Wattpad, Avidbots, Xanadu, Brightwheel, ResQ

  • Contact



  • Year of Inception: 1999

  • Stage: Seed, Series A

  • Focus: Technology

  • Notable Portfolio: Hopper, Elevate, Potloc, Nudge, Valence, Classcraft

  • Contact



  • Year of Inception: 1999

  • Stage: Seed, Series A

  • Focus: Healthcare Technology, Medical Devices, Digital Health

  • Notable Portfolio: Exact Imaging, Marble, Flosonics Medical, MolecuLight

  • Contact



  • Year of Inception: 1989

  • Stage: Seed, Series A

  • Focus: Biotechnology, Medical Technologies, Digital Health, Consumer, Healthcare Solutions

  • Notable Portfolio: Cyrano Therapeutics, Cardiac Dimensions, Antiva Biosciences, Exact Imaging, Endotronix

  • Contact



  • Year of Inception: 2007

  • Stage: Seed, Series A

  • Focus: Technology

  • Notable Portfolio: Renorun, Sonder, Mejuri, TensTorrent

  • Contact





  • Year of Inception: 2008

  • Stage: Seed, Series A

  • Focus: Urbantech, Proptech, Fintech, Sportstech

  • Notable Portfolio: Ecobee, Greenlight, theScore, Bird, TouchBistro

  • Contact


  • Year of Inception: 2016

  • Stage: Seed, Series A

  • Focus: B2B

  • Notable Portfolio: Dooly, Wydsom AI, Sonder, Medstack, Autograph

  • Contact



  • Year of Inception: 2010

  • Stage: Seed, Series A

  • Focus: Hard Tech, Analytics, Computational Biology

  • Notable Portfolio: Bitfusion, SpaceX, Metafor, Ava, Plotly

  • Contact


  • Year of Inception: 2011

  • Stage: Seed, Series A

  • Focus: Biotechnology

  • Notable Portfolio: Inversago Pharma, Neurasic Therapeutics, Liminal BioSciences

  • Contact



  • Year of Inception: 2012

  • Stage: Seed, Series A

  • Focus: Technology

  • Notable Portfolio: Ada, Coinbase, Shippo, Qvin, AngelList

  • Contact





  • Year of Inception: 2018

  • Stage: Seed, Series A

  • Focus: Biotechnology, Future of Food

  • Notable Portfolio: FabricNano, DrugBank, Seqera Labs, Ochrebio

  • Contact



  • Year of Inception: 2018

  • Stage: Seed, Series A

  • Focus: FinTech

  • Notable Portfolio: Owl.co, Flinks, ProNavigator, Pillar, Senso

  • Contact



  • Year of Inception: 2018

  • Stage: Seed, Series A

  • Focus: Technology

  • Notable Portfolio: FightCamp, Bridgr, Alpin, MedStack, Athennian

  • Contact



GreenSky Ventures

  • Year of Inception: 2008

  • Stage: Seed, Series A

  • Focus: B2B Technology, IT, CleanTech, SaaS, MedTech

  • Notable Portfolio: Pyrowave, Trolley, Anessa, WiseDocs, Cyclica

  • Contact





  • Year of Inception: 2001

  • Stage: Seed, Series A, Series B, Series C

  • Focus: Resource Intensive Industries, Intelligent Systems, Step Change Solutions

  • Notable Portfolio: Sorterra Alloys, Luffy AI, MineHub, Novamera, DTE

  • Contact



  • Year of Inception: 2009

  • Stage: Seed, Series A, Series B, Series C

  • Focus: ClearnTech

  • Notable Portfolio: MineSense, Spark Microsystems, Agrisoma, Mysa, Encycle

  • Contact



  • Year of Inception: 2002

  • Stage: Seed, Series A, Series B, Series C

  • Focus: Software, Data, Device Technologies

  • Notable Portfolio: ThoughtWire, GoBolt, Bit Stew Systems, Group14 Technologies

  • Contact



  • Year of Inception: 2011

  • Stage: Seed, Series A, Series B, Series C

  • Focus: Technology

  • Notable Portfolio: Waabi, Foresight Group, Xanadu, Klue, Clarisights

  • Contact








  • Year of Inception: 2007

  • Stage: Seed, Series A, Series B, Series C

  • Focus: B2B and B2C SaaS

  • Notable Portfolio: AppDirect, ClearPath, Hopper, Forward, Spatial

  • Contact



  • Year of Inception: 2016

  • Stage: Seed, Series A, Series B, Series C

  • Focus: Fintech, Web3.0, ClimateTech, Insurance, Health

  • Notable Portfolio: BaseLane, Nesto, Novisto, Clear Estate, Conduit

  • Contact



  • Year of Inception: 2010

  • Stage: Seed, Series A, Series B, Series C

  • Focus: Renewable Energy, Manufacturing, Information Technology, Wholesale and Retail, Education, Innovative Technologies

  • Notable Portfolio: Hausway, VersionPay, Eco Digitec, XParcels

  • Contact



  • Year of Inception: 1994

  • Stage: Series A

  • Focus: Environmental Technology, Sustainable Consumer Goods

  • Notable Portfolio: Electrum, Lacuna, Olea, Station A, Swiftly

  • Contact



  • Year of Inception: 2012

  • Stage: Series A

  • Focus: Clean Energy, Energy Efficiency and Storage, Circular Economy, Advanced Manufacturing and Materials, Mobility Food Systems

  • Notable Portfolio: Palmetto, Mosa Meat, Liminal, Xeal, Flashfood

  • Contact





  • Year of Inception: 2000

  • Stage: Series A, Series B

  • Focus: Technology

  • Notable Portfolio: Clutch, PurposeMed, Convercent, Native, Calix

  • Contact



  • Year of Inception: 2000

  • Stage: Series A, Series B, Series C

  • Focus: Technology, Advanced Materials, Agriculture, Energy, Industrial IT, Water

  • Notable Portfolio: CellexPower, Evergreen Solar, Nanograf, SewerAI, Sofi Filtration

  • Contact



  • Year of Inception: 2000

  • Stage: Series A, Series B, Series C

  • Focus: Hard Tech

  • Notable Portfolio: Doosan, Ingevity, Umicore, Solvay, Henkel

  • Contact



  • Year of Inception: 1999

  • Stage: Series A, Series B, Series C

  • Focus: Health Care, Biotechnology, Medical, Medical Device, Therapeutics

  • Notable Portfolio: Clovis Oncology, Forsight Vision, Novira Therapeutics, VectivBio

  • Contact



  • Year of Inception: 2006

  • Stage: Series A, Series B, Series C

  • Focus: Life Sciences

  • Notable Portfolio: VectivBio, Profound, DalCor, Domain Therapeutics, Epitopea

  • Contact





  • Year of Inception: 1994

  • Stage: Series A, Series B, Series C

  • Focus: Technology, SMB SaaS

  • Notable Portfolio: Auvik, Raven, Doorr, Snappy, Remx

  • Contact



  • Year of Inception: 2018

  • Stage: Series A, Series B, Series C

  • Focus: Secto Agnostic

  • Notable Portfolio: PureLife Carbon, HTech, ZayZoon, ClickDishes

  • Contact



  • Year of Inception: 2008

  • Stage: Series B, Series C

  • Focus: B2B SaaS

  • Notable Portfolio: Shopify, Signpost, TurnItin, WorkFusion, Beam

  • Contact



  • Year of Inception: 2006

  • Stage: Seed, Series A, Series B, Series C

  • Focus: Sector Agnostic

  • Notable Portfolio: AdStash, Acerta, Beanworks, Chrysalix, Unsplash

  • Contact





Angel Investors in Canada


The Angel investors listed below are part of an Angel community located throughout Canada. They may act as an individual or as a syndicate to fund projects of their preference, so these networks are the best opportunity for you to find a potential Angel with an aligned vision and interests.


  • Stage: Seed

  • Focus: Sector Agnostic

  • Notable Portfolio: -

  • Contact



  • Stage: Pre Seed, Seed

  • Focus: ICT B2B, ICT B2C, DeepTech, CleanTech, Medical Devices, Biotechnology

  • Notable Portfolio: 4C Medical, Classcraft, Ecotierra, Flexpay, MedHelper

  • Contact



  • Stage: Seed

  • Focus: Sector Agnostic

  • Notable Portfolio: Andela, Aterlo Networks, Chalk, ExpertFile, SeamlessMD

  • Contact



  • Stage: Seed

  • Focus: Technology, Life Sciences, Cleantech, Information and Communications Technology

  • Notable Portfolio: Optigo Networks, Mazza Innovation, Wearable Therapeutics

  • Contact



  • Stage: Seed, Series A

  • Focus: Sector Agnostic

  • Notable Portfolio: -

  • Contact



  • Stage: Seed, Series A

  • Focus: Information Communication Technology, Life Sciences, Clean Technologies, Services

  • Notable Portfolio: -

  • Contact



  • Stage: Seed, Series A

  • Focus: Sector Agnostic

  • Notable Portfolio: Medusa Medical Technologies, Phase Remediation, SolutionInc

  • Contact






  • Stage: Seed, Series A

  • Focus: Sector Agnostic

  • Notable Portfolio: -

  • Contact



  • Stage: Seed, Series A

  • Focus: Technology

  • Notable Portfolio: -

  • Contact



  • Stage: Seed, Series A

  • Focus: Technology

  • Notable Portfolio: Neurovine, Grobo, TritonWear, Parlay, Hockeystick

  • Contact



  • Stage: Seed, Series A

  • Focus: Technology

  • Notable Portfolio: Ubisoft, Wisely, Waverly, Expert File, AlayaCare

  • Contact



  • Stage: Seed, Series A

  • Focus: Technology, CleanTech, MedTech

  • Notable Portfolio: Limelight, Pyrowave, Anessa, Arctic Wolf, Wisedocs

  • Contact





  • Stage: Seed, Series A

  • Focus: Green Technology, B2B/Enterprise SaaS, Deep Tech, Artificial Intelligence, Cybersecurity, Health & Medical Technology, Agriculture Technology

  • Notable Portfolio: Edgewater, Rewind, Plum, Hoppier, Mydoma Studio, Growcer

  • Contact



  • Stage: Seed, Series A

  • Focus: Technology, Sector Agnostic

  • Notable Portfolio: Funding Innovation, Surfeasy, Vana Workforce, #PAID, Miovision

  • Contact



  • Stage: Seed, Series A

  • Focus: Sector Agnostic

  • Notable Portfolio: -

  • Contact



  • Stage: Seed, Series A

  • Focus: Sector Agnostic

  • Notable Portfolio: Spectra Plasmonics, Bounce, ABCann, Wave Boating

  • Contact



  • Stage: Seed, Series A

  • Focus: Sector Agnostic

  • Notable Portfolio: -

  • Contact





  • Stage: Seed, Series A

  • Focus: Sector Agnostic

  • Notable Portfolio: -

  • Contact



  • Stage: Seed, Series A

  • Focus: Light/Advanced Manufacturing, Sustainable Development Technologies, Medical Technologies, Products and Services, Information and Communication Technologies

  • Notable Portfolio: Chickapea, Weever, RNA Diagnostics, Edgehog, Neurovine

  • Contact





Closing Thoughts on VCs and Angel Investors in Canada


Today, Canada is regarded as one of the best places in the world to start a business. This is mostly owing to the country's welcoming attitude toward entrepreneurs and numerous startup initiatives. With significant venture capital investments, incentives such as Startup Visa and tax advantages, as well as committed and close-knit ecosystem partners, Canada's entrepreneurial ecosystem appears to be more promising than ever. Canada's proactive dedication to developing startup ecosystems and wealth of resources are playing a major role in driving the local startups' growth and success.


In case you're also keen on joining startup programs to better your chance of securing venture capital funding, you may want to check out our article on the Top Startup Accelerators & Incubators in Canada!


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