Toronto is a prominent center for entrepreneurship in North America, known for its wide range of industries, educational institutions, government backing, and substantial presence of venture capital. Today, Toronto's startup scene is characterized by a dynamic interplay of funding patterns, acquisitions, and initial public offerings (IPOs), showcasing the city's thriving and ever-evolving entrepreneurial culture. In this article, we have compiled a comprehensive list of Top VC Funds and Angel Investors in Toronto, Canada that can provide you with the capital and support to help you succeed!
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Venture Capitalist Funds in Toronto
The venture capital firms 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: 2021
Geography: Wolrdwide
Stage: Pre Seed, Seed, Series A
Focus: Health
Investment Range: -
Notable Portfolio: Bexson Biomedical, Cybin, Delix, Gilgamesh, Psygen
Noetic Fund specializes in investing globally in emerging technologies within the fields of molecular therapeutics/biotech, digital health, medical devices, and wellness. One of the fund's key objectives is to support scientific advancements in mental, emotional, and physiological well-being by investing in sustainable therapies, products, and services that aim to optimize the human experience.
Year of Inception: 2013
Geography: Worldwide
Stage: Seed, Series A
Focus: Health,Hardware,Software & Internet,Consulting & Services,Consumer,Food,Logistics
Investment Range: $500,000 - $5 million
Notable Portfolio: Wonderbelly, Peach, Clutch, Daily Harvest
BrandProject, a venture capital fund based in Toronto and New York City, has established itself as a leader in the consumer product, service, and technology sectors. Through a strategic investment strategy, the fund offers valuable resources such as branding, design, corporate development, and technology to support and grow early-stage and growth stage companies.
Year of Inception: 2011
Geography: North America
Stage: Seed, Series A, Series B
Focus: Logistics,Software & Internet,Leisure & Travel,Entertainment & Media,Consumer,Food
Investment Range: $500,000 - $3 million
Notable Portfolio: BenchSci, Skywatch, Float, Brightwheel, Xanadu
Golden Ventures, a Micro-VC based in Toronto, specializes in investing in early-stage Information and Communications Technology (ICT) companies. With a wide-ranging portfolio that spans education, fintech, business services, and consumer goods. The firm's dedication to supporting visionary entrepreneurs and disruptive technologies highlights its impact in the venture capital arena.
Year of Inception: 2019
Geography: Canada
Stage: Seed, Series A, Series B
Focus: Consumer
Investment Range: $250,000 - $750,000
Notable Portfolio: Voiceflow, Sherpa, EvenUp, Quandri, Spellbook
N49P specializes in providing early-stage investments for Canadian technology startups. The firm is committed to backing ambitious entrepreneurs and offers extensive resources and guidance to foster the growth of innovative companies. N49P is devoted to continuously supporting startups by providing fundraising assistance, facilitating introductions to potential customers and new hires, and offering access to TechTO, Canada's largest tech community.
Year of Inception: 2017
Geography: Worldwide
Stage: Seed, Series A, Series B
Focus: Finance & Crypto,Health,Software & Internet,AI & Machine Learning,Climate & Impact
Investment Range: $500,000 - $10 million
Notable Portfolio: Delphina, Firsthand, Orbital Materials, MuonSpace, Sensibill
Radical Ventures is an innovative venture capital firm that focuses on investing in AI-powered software companies that have the potential to shape various industries. With offices in Toronto, Palo Alto, and partners in London and New York, Radical Ventures continues to lead the way in the AI-driven software revolution, positioning itself to drive transformative change in global markets.
Year of Inception: 2009
Geography: Worldwide
Stage: Seed, Series A, Series B
Focus: Finance & Crypto,Health,Software & Internet,Consulting & Services
Investment Range: -
Notable Portfolio: Affinio, RealMatters, ALTRIO, Qvella, Altoida
Whitecap Venture Partners has been a key player in fostering successful companies in the technology industry for over three decades. With five funds and a wealth of experience, the firm has managed more than $300 million and specializes in ICT, Medical Technologies, and Food Tech. The firm's approach extends beyond financial contributions, providing tailored growth strategies and expertise to facilitate the sustainable scaling of its portfolio companies.
Year of Inception: 2018
Geography: Canada, Israel
Stage: Seed, Series A, Series B
Focus: Health,Software & Internet
Investment Range: -
Notable Portfolio: Sibli, Substrata, Genoox, Feelbetter
The Group Ventures focuses on investing in data-driven platform technology companies with B2B and double-sided network effect business models that have the potential to make a global impact. The firm is made up of entrepreneurs, founders, and senior corporate executives who take pride in their ability to create value and work closely with founders to revolutionize industries and generate value.
Year of Inception: 2019
Geography: Canada
Stage: Seed, Series A, Series B
Focus: Hardware,Software & Internet,B2B,AI & Machine Learning,Leisure & Travel
Investment Range: $1 million - $5 million
Notable Portfolio: Desana, Local Logic, Modulous, Airworks
GroundBreak Ventures is an esteemed venture capital firm based in Toronto that specializes in investing in real estate and property technology. The company is renowned for its approach of investing in early-stage startups, providing both financial support and expertise to nurture the growth of innovative businesses. Backed by Hopewell®, a multifaceted real estate organization with extensive industry connections, GroundBreak Ventures possesses deep knowledge in residential and commercial development, homebuilding, property management, and logistics.
Year of Inception: 2008
Geography: North America
Stage: Seed, Series A, Series B
Focus: Health,Industry,Hardware,Software & Internet,AI & Machine Learning,Entertainment & Media
Investment Range: $1 million - $3 million
Notable Portfolio: Altrio, Boomerang, Influitive, Occupier, Populus
Relay Ventures, an esteemed venture capital firm based in Toronto, with additional offices in San Francisco and Menlo Park, California, specializes in investing in companies operating in healthcare, education, enterprise, and the connected consumer sectors. By investing in innovative ideas that challenge conventional wisdom and target key pain points within large markets, Relay Ventures demonstrates a strong commitment to driving the rapid growth of cutting-edge technologies and business models.
Year of Inception: 2011
Geography: Worldwide
Stage: Seed, Series A, Series B, Series C, Series D
Focus: Transportation,Finance & Crypto,Energy,Community,Health,Industry,Hardware,Software & Internet,Marketing & Growth
Investment Range: $5 million - $25 million
Notable Portfolio: Crunchbase, Rover, Waabi, Jobber, Hopper
OMERS Ventures, the venture capital arm of OMERS, is a highly regarded global VC firm with $127 billion in net assets. They strongly believe in understanding the markets they invest in and supporting founders who have the potential to create highly successful ventures. OMERS Ventures has an impressive track record of investing in a diverse range of companies, including Shopify, Hootsuite, DuckDuckGo, and many others. With a global approach to investments and a focus on empowering founders of ambitious software businesses, OMERS Ventures plays a crucial role in driving innovation.
Year of Inception: 1989
Geography: North America
Stage: Seed, Series A, Series B, Series C, Series D
Focus: Health,Software & Internet
Investment Range: -
Notable Portfolio: Corvia, Endogenex, Edesa Biotech, XyloCor Therapeutics
Lumira Ventures is committed to supporting advancements in healthcare and making a positive impact on patients. Recently, the firm successfully closed its Lumira Ventures IV fund, raising an impressive $220 million. This achievement establishes it as the largest institutional life sciences venture capital fund ever raised in Canada. Lumira Ventures focuses on identifying and investing in companies that are leading the way in biomedical innovation. These companies develop products with the potential to revolutionize patient outcomes, enhance access to healthcare, and reduce the overall cost of medical services.
Year of Inception: 2016
Geography: Canada, United States, Israel
Stage: Seed, Series A, Series B, Series C, Series D
Focus: Marketing & Growth,Consumer,Software & Internet
Investment Range: -
Notable Portfolio: Ada, CallRail, 360Insights, Spot
Leaders Fund has garnered a reputation for its concentrated investment approach, working closely with a select number of portfolio companies. The firm's investment mandate focuses on SaaS companies, assisting them in breaking through key inflection points to achieve $100M ARR. The firm's investment team, led by ex-operators, brings a wealth of experience in product design, sales strategy, and go-to-market, ensuring a close and impactful engagement with portfolio companies.
Year of Inception: 2015
Geography: North America
Stage: Seed, Series A, Series B, Series C, Series D
Focus: Software & Internet,Marketing & Growth,AI & Machine Learning
Investment Range: -
Notable Portfolio: Osano, ShinyDocs, Andgo, Rockcontent, Upchain
First Ascent Ventures' investment strategy focuses on providing support to companies operating in sectors such as machine learning, artificial intelligence, big data, cloud computing, software development, mobile technology, and analytics. First Ascent Ventures actively assists companies in achieving successful exits, establishing a reputation for supporting businesses at critical turning points in their growth journey.
Year of Inception: 2016
Geography: Canada, Latin America, Europe
Stage: Seed, Series A, Series B, Series C, Series D
Focus: Health,Software & Internet
Investment Range: -
Notable Portfolio: Claybourne, Olli Brands, Canndescent
Green Acre Capital, a leading private investment fund based in Toronto, has deployed over C$100 million into the legal cannabis industry, focusing on the rapidly growing global cannabis sector. The firm's two core cannabis funds have invested in numerous companies across Canada, LATAM, and Europe, with a diverse range of verticals including brands, retail, extraction, distribution, software, plant science, hardware, and accessories. Green Acre's hands-on approach has created a fund ecosystem that adds value in challenging parts of the cannabis sector.
Year of Inception: 2016
Geography: Worldwide
Stage: Seed, Series A, Series B, Series C, Series D
Focus: Finance & Crypto,Software & Internet,Leisure & Travel
Investment Range: -
Notable Portfolio: Kikoff, Albert, Clark, WealthSimple
Portage Ventures, a global venture capital firm focused on supporting innovators in the fintech and financial services sectors, has established its presence in Toronto. With more than $2.5 billion in assets under management and a portfolio consisting of over 65 partners spanning 13 countries, Portage Ventures is committed to shaping the future of finance. The firm's investment strategy revolves around collaborating with ambitious fintech and financial services companies at every stage, providing flexible funding and offering access to a global network of investors, business partners, advisors, and experts in value creation.
Year of Inception: 2008
Geography: Worldwide
Stage: Series C, Series D
Focus: Finance & Crypto,Logistics,Health,Industry,Software & Internet,Marketing & Growth,AI & Machine Learning,Entertainment & Media
Investment Range: $25 million - $100 million
Notable Portfolio: Aera, Bidgely, Cyera, FreshBooks, Opcity, Noname
Georgian, a highly respected venture capital firm based in Toronto, is committed to promoting growth and fostering innovation through its strategic investments. The firm's investment strategies center around assisting software companies in scaling rapidly and staying ahead of the curve, particularly in the field of artificial intelligence. Georgian's dedication to cultivating a community of high-growth companies through its Growth Network underscores its commitment to driving innovation and providing value to its portfolio companies.
Year of Inception: 2019
Geography: North America
Stage: Series C, Series D
Focus: Software & Internet,Consulting & Services
Investment Range: $10 million - $50 million
Notable Portfolio: Monos, Monarch House, Millie, Diggs, Rebelstork
Venn Growth Partners is committed to collaborating with exceptional founder/CEOs in the fields of consumer, healthcare services, and education. The firm currently holds a portfolio of six notable companies, which operate in both the United States and Canada. Their commitment to forming partnerships with exceptional leaders and building companies that offer unique services and products highlights their dedication to driving innovation and growth in the consumer, healthcare services, and education sectors.
Closing Thoughts on Venture Capital Firms in Toronto
Toronto's startup ecosystem is currently going through a phase of readjustment, characterized by prudent yet resilient investment patterns, noteworthy acquisitions, and a renewed surge in IPO activity. Despite the recent challenges, there are encouraging indications of a possible increase in venture capital involvement. The ever-changing startup and venture capital scene in Toronto exemplifies the city's unyielding commitment to innovation and progress.
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