The Top 20 VC Firms In Canada [2021]

The Top 20 VC Firms In Canada [2021]

Are you looking for a VC firm for your Canada based startup?

Finding the right investment firm for your startup can be a daunting task.

There are a number of successful venture capital firms in Canada, and we've curated a list of the best local firms in the area. Additionally, we provide you with:

  • Investment size
  • Funding stages
  • Typical industries the firm works with
  • Well known companies the VC firm has invested in

Here's the list:

1. Timia Capital

  • Location: Vancouver
  • Industries: Technology
  • Investment Range: $500K-$5M
  • Stage: Seed Stage
  • Companies invested in: Lasso, LeadGenius, Energywatch, Myagi, Agentis, RocketRez, Surefire local.

Timia Capital provides growth capital to B2B technology companies. The VC firm invests between $500K and $5 Million. The Timia Capital team has a diverse range of experience in technology financing and entrepreneurship, so the investees can rest assured of the best support.

Learn more about Timia Capital ➜

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2. Diagram Ventures

  • Location: Montreal, Quebec
  • Industries: Financial Services, Insurance, Software, Healthcare, Blockchain & Cryptocurrency.
  • Investment Range: $3M - $5M
  • Stage: Seed Stage, Series A Series B
  • Companies invested in: Collage, Novisto, Retirable, Conduit, Clear Estate, Baselane, Nesto, Dialogue

Diagram Ventures targets companies in financial services, insurance, software, healthcare, blockchain & cryptocurrency sectors. The VC firm provides funding of between $3Million to $5 million from pre-seed to series A companies.

Diagram can further support portfolio companies with follow-on investment from the series B and beyond. Apart from providing funding, the VC firm provides technical support to help the investees to attain their goals.

Learn more about Diagram Ventures ➜

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3. Panache Ventures

  • Location: Montreal, Toronto, Calgary, Vancouver
  • Industries: Artificial intelligence (AI), fintech, digital health, enterprise software, and blockchain.
  • Investment Range: 250K - 500K
  • Stage: Seed Stage
  • Companies invested in: Acto, altrio, Bliinx, AON3D, AltTex, Beatdapp, communo, Dfuse, Dooly, Colab software.

Panache Ventures has interests in most active seed-stage ventures focusing on artificial intelligence (AI), fintech, digital health, enterprise software, and Blockchain. Typically, the VC firm invests between $250,000 and $500,000.

The investees enjoy access to experienced professionals with strong angel track records, and years of experience.

Learn more about Panache Ventures ➜

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4. Forage Capital Partners

  • Location: Calgary, Alberta
  • Industries: Agriculture and Food Systemes
  • Investment Range: $3M-$5M
  • Stage: Seed Stage
  • Companies invested in: Fieldless, Evoco, Swatmaps, Red Dog Blue Kat, S3Group, Ostara.

Forage Capital Partners invests in the Agriculture sector, with a special focus on companies that provide crop inputs, primary food production, equipment manufacturing and branded food companies.

The VC firm aims at building companies that have suffered significant disruption to their business model. Forage Capital Partners' investment level is $3M to $5M.

Learn more about Forage Capital Partners ➜

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5. OMERS Ventures

  • Location: Toronto, Vancouver
  • Industries: Technology
  • Investment Range: $5M-$25M.
  • Stage: Series A, B, C.
  • Companies invested in: DuckDuckGo, Mojix, Wave, Tehama, Solink, Shopify, Pressly, Nudge, DogVacay,

Omers Ventures invests in technology-focused ventures that have shown the interest and potential for building new solutions aimed at creating a better tomorrow. The VC firm targets series A, B and C, and makes an average first investment of $5M-25M.

Learn more about OMERS Ventures ➜

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6. Georgian

  • Location: Toronto
  • Industries: Technology
  • Investment Range: $20M-$50M
  • Stage: Series A
  • Companies invested in: Aera, Alida, Armis, Bluecire, Beam, Bidgely, ClickUp, Contentstack, Cority.

Georgian likes to fund growth-stage technology companies, with a commitment to supporting causes that help more people access the benefits of technology and that mitigate negative societal impacts of technology.

The VC firm targets software startups seeking investments of between $20M and $50M.

Learn more about Georgian ➜

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7. Golden Ventures

  • Location: Toronto, Waterloo
  • Industries: Technology
  • Investment Range: $500K-$1.5M
  • Stage: Seed Stage
  • Companies invested in: Applyboard, Avidbots, BenchSci, Brightwheel, Clearco, Daylight, Faire, InkBox, Neo, Properly.

Golden Ventures is a sector agnostic VC firm targeting seed-stage startups that use technology or the emergence of new platforms to disrupt the status quo. The VC firm makes initial investments of between $500K and $1.5Million with reserve capital for follow-on into companies based on progress.

Learn more about Golden Ventures ➜

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8. Chrysalix Energy Venture Capital

  • Location: Vancouver
  • Industries: Intelligent systems, energy technology, and resource productivity solutions
  • Investment Range: $2M-$15M
  • Stage: Seed Stage
  • Companies invested in: Applied Impact Robotics, Sortera Alloys, DTE, Verai, MineHub, Haila.

Chrysalix funds companies that focus on intelligent systems, energy technology, and resource productivity solutions. The VC firm invests in series A ventures that are driving disruptive impact in various resources intense industries.

Chrysalix typically invests between $2 Million to $3 Million, while over the lifetime of the portfolio company, the VC firm can invest up to $15M.

Learn more about Chrysalix Energy Venture Capital ➜

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9. Garage Capital

  • Location: Waterloo
  • Industries: Information and Communication Technologies
  • Investment Range: Not Disclosed
  • Stage: Seed Stage
  • Companies invested in: Ada, Clearco, EasyPost, ApplyBoard, Buf, Embark Trucks, People.ai, Relay, Vendr, Substack, Spatial.

Garage Capital is a seed-stage VC firm focusing on early-stage companies and helps them build category-defining businesses. The VC firm targets the information and communication technology sector, providing venture capital and technical support to ensure the success of investee companies.

Learn more about Garage Capital ➜

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10. ArcTern Ventures

  • Location: Ontario
  • Industries: Clean energy, circular economy, advanced manufacturing and materials, mobility, and food systems
  • Investment Range: Not Disclosed
  • Stage: Seed Stage
  • Companies invested in: ThinkIQ, Hydrostor, Sheertex, Palmetto, Terramera, Aquabyte, Clir, Kebotix, Parity.

ArcTern Ventures invests in entrepreneurs focusing on clean energy, circular economy, advanced manufacturing and materials, mobility, and food systems. The venture capital firm aims at partnering with bold founders and helping them to build breakthrough solutions that accelerate climate change and other challenges facing humanity.

Learn more about ArcTern Ventures ➜

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11. AmorChem

  • Location: Montreal, Quebec
  • Industries: BioTech
  • Investment Range: Not Disclosed
  • Stage: Seed Stage
  • Companies invested in: ATP Synthase, RNA Zipcodes, SpecificiT Pharma Inc, Inversago Pharma Inc, Semathera Inc, Mperia Therapeutics.

AmorChem funds the next generation of seed-stage biotech companies.

The VC firm provides investees access to highly innovative and dynamic platforms that enable outreach to their academic community while continually looking to expand the number of science entrepreneurs.

Learn more about AmorChem ➜

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12. Azure Capital Partners

  • Location: Calgary, San Francisco, CA,
  • Industries: Technology, Software, Internet
  • Investment Range: Not disclosed
  • Stage: Seed Stage
  • Companies invested in: Blume, Calix, Eby

Azure Capital Partners invest in early-stage technology companies looking for growth opportunities.

Founded in 2002, Azure has successfully invested in over 40 portfolio companies and managed to build a strong relationship with the top technology industry entrepreneurs and executives.

Along with capital they also help their companies with business advice, customer communication, sales & marketing, and much more.

Learn more about Azure Capital Partners ➜

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13. Emerald Technology Ventures

  • Location: Toronto
  • Industries: Technology
  • Investment Range: Not Disclosed
  • Stage: Seed Stage
  • Companies invested in: AquaSpy, Pemeas, P97, Powerhouse Dynamics, Pure Technologies, Optimatics, O-flexx.

Emerald Technology Ventures invests in the most promising technology companies. The venture capitalist believes that success in industrial sectors requires more than capital, and so provides technical and market knowledge along with transaction experience required to ensure the success of investees.

Emerald Technology Ventures focus on companies that deal in Agriculture, energy, industrial IT, Water, and advanced materials.

Learn more about Emerald Technology Ventures ➜

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14. Brisio Innovations Inc

  • Location: Vancouver
  • Industries: Healthcare, industrial, services, and technology
  • Investment Range: Not Disclosed
  • Stage: Seed Stage
  • Companies invested in: TotalTelcom, Vigil Health Solutions, Renoworks, Gatekeeper Systems Inc, ImmunoPrecise, Innovotech, Pioneering Technology.

Brisio Innovations Inc provides capital to undervalued companies that have shown huge potential for expansion. Targeting private and public companies, the VC firm invests in a wide range of industries including Healthcare, industrial, services, and technology.

Learn more about Brisio Innovations Inc ➜

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15. Inovia Capital

  • Location: Montreal, Toronto, San Francisco, London
  • Industries: Technology
  • Investment Range: Not Disclosed
  • Stage: Seed Stage
  • Companies invested in: BenchSci, botpress, Certn, CareGuide, Busbud, Clearco, Clearpath, Darwin AI.

Inovia Capital invests in early-stage technology-focused companies. The VC firm dedicates time and effort in ensuring long-term mentorship and connects its investees to strategic networks in order to ensure global-scale support.

Learn more about Inovia Capital ➜

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16. Real Ventures

  • Location: Montreal, Quebec
  • Industries: AI & Robotics, Blockchain, Construction, Consumer, Education, Enterprise, Financial, Health & Wellness, Marketplace, Security & Infrastructure, Transportation.
  • Investment Range: Not Disclosed
  • Stage: Seed Stage
  • Companies invested in: Algolux, Cala, Tread, Accredible, 5by, 1Confirmation, Acorn Biolabs, Algolux, AmpMe.

Real Ventures provides funds to companies venturing multi-sectors which include AI & Robotics, Blockchain, Construction, Consumer, Education, Enterprise, Financial, Health & Wellness, Marketplace, Security & Infrastructure, and Transportation sectors.

The VC firm seeks to serve entrepreneurs and nurture the ecosystems in which they thrive.

In that regard, Real Ventures takes the founder's vision and provides stage-specific guidance, mentorship, and access to deep networks, and long-term commitment to their beliefs.

Learn more about Real Ventures ➜

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17. RIV Capital

  • Location: Toronto
  • Industries: Cannabis
  • Investment Range: Not Disclosed
  • Stage: Seed Stage
  • Companies invested in: Agripham, Leaflink, Noya, Zeakal, High, Headset,Dynaleo, Greenhouse, Biolumic.

RIV Capital aims at investing in, launching, and developing Cannabis-focused companies. The VC firm aims at making investments that generate returns in the form of dividends, interest, rent, royalties, or capital appreciation.

Learn more about RIV Capital ➜

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18. Innovacap

  • Location: Halifax, Nova Scotia.
  • Industries: Technology
  • Investment Range: Not Disclosed
  • Stage: Seed Stage
  • Companies invested in: Bluelight, Meta, Securicy, GSTS, ABK Biomedical, Rimot, QRA, Carboncure, Health Outomes worldwide, Daxsonics Ultrasound.

Innovacorp is an early-stage venture capital providing venture capital and business guidance tailored to meet the unique and evolving needs of technology companies. The VC firm targets emerging venture-grade technology companies that have shown a high growth potential and attractive risk-return prospects.

Learn more about Innovacap ➜

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19. Lumira Ventures

  • Location: Toronto, Montreal, Vancouver, Boston
  • Industries: Life Science and Healthcare
  • Investment Range: Not Disclosed
  • Stage: Seed Stage
  • Companies invested in: AmacaThera, Antios Therapeutics, Antiva Biosciences, BioThereryX, Bright angel, Cardiac Dimensions, Corvia, Cyrano Therapeutics.

Lumira Ventures invests in early-stage privately and publically traded companies. The VC firm targets companies within biotechnology, medical technologies, digital health, and consumer healthcare solutions. Lumira is keen on identifying companies that have proven investment strategies, taking a lead investor, and an active partner with the portfolio companies.

Learn more about Lumira Ventures ➜

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20. InvestX

  • Location: Vancouver, British Columbia
  • Industries: Technology
  • Investment Range: Not Disclosed
  • Stage: Seed Stage
  • Companies invested in: Uber Technologies, SpaceX, Pinterest, Airbnb, Spotify, Palantir, Dropbox, Docusign, Kraken.

InvestX provides funding to early-stage and growth-stage technology companies.

The VC firm can invest in any of the private equity deals on its platform, making a minimum investment of as low as $2500. In addition to funding, the VC firm provides access to high-quality and professional guidance and institutional quality due diligence in funds management.

Learn more about InvestX ➜

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Pat Walls,  Founder of Starter Story

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