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  • Writer's pictureKelly Alica Liman

Top 17 Venture Capital Firms in Toronto

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!





Find Venture Capital Firms in Toronto, Canada
Find Venture Capital Firms in Toronto, Canada

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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

  • Contact


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

  • Contact


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

  • Contact


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

  • Contact


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

  • Contact


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

  • Contact


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

  • Contact


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

  • Contact


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

  • Contact


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

  • Contact


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

  • Contact


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

  • Contact

 

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

  • Contact


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

  • Contact


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

  • Contact


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

  • Contact


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

  • Contact


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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