The Top 20 VC Firms In Montreal [2021]

The Top 20 VC Firms In Montreal [2021]

Are you looking for a VC firm for your Montreal 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 Montreal, 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. BrightSpark

  • Location: Montréal, Quebec, Canada
  • Industries: Software, Mobile, and Internet companies
  • Investment Range: $500K - $1.5M
  • Stage: Seed stage
  • Companies invested in: Wysdom.AI, Valence, Hopper, Nudge, AdHawk, Valence, Classcraft, Nano, aoms., JeWLR.

Brightspark is a Venture Capitalist investing in Software, mobile, and Internet companies. The VC firm focuses on early-stage startups that have shown the potential to have a 5-20X return on investment. Typically, Bightspark invests at a stage where companies have positive market feedback. Their average investment size ranges from $500K to $1.5M. Generally, the investors are simply after returns on their investment, and so the VC firm does not get involved in growing the portfolio companies.

Learn more about BrightSpark ➜

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2. Luge Capital

  • Location: Montréal, Toronto, Canada
  • Industries: Fintech, AI
  • Investment Range: $250K - $2M
  • Stage: Seed Stage
  • Companies invested in: Finaeo, Flinks, OWL.co, Flare, aya, till, Senso, ProNavigator, Key, Westhill, Livescale, Plooto.

Luge Capital invests in seed-stage and Series A startups focusing on Fintech and AI.

The early-stage venture capitalist aims at helping the portfolio companies grow, and so collaborates with the world-renowned financial institutions and investors that provide industry insights and resources.

The VC firm investments range is between $250K and $2M

Learn more about Luge Capital ➜

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3. Claridge

  • Location: Montreal, Canada
  • Industries: sector agnostic
  • Investment Range: $5M - $30M
  • Stage: Seed Stage
  • Companies invested in: CPI, TSN, Solotech, TGA Entertainment, Champlain Seafood, Circle Foods, Glutino, Califia Farms.

Claridge is a private investment firm focusing on industries that have shown high-growth potential. The growth-oriented VC firm seeks to partner with and invest in high-quality businesses with a strong and defensible market position.

The VC firm makes investments in the range of $5Million to $30 Million and brings a wealth of knowledge, which is critical in ensuring the success of investee companies.

Learn more about Claridge ➜

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4. Tactico

  • Location: Montreal, Canada
  • Industries: Sector Agnostic
  • Investment Range: $1-6M
  • Stage: Seed Series A
  • Companies invested in: Willful, Soundskrit, HelloDarwin, Moka, TickData, Castle Rock, Link Energy, Omega, Tactex, Jitneytrade.

Tactico invests in market-proven startups with high-growth potential. The VC firm provides startups access to strategic venture capital with tactical positioning. Besides funding, the VC firm provides startups proper mentorship and guidance ensuring the portfolio companies scale to success.

The VC firm invests between $1 and $6Million.

Learn more about Tactico ➜

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5. 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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6. BCF Ventures

  • Location: Montreal, Canada
  • Industries: Technology
  • Investment Range: $125K - $5M
  • Stage: Seed Stage and Series A
  • Companies invested in: Athennian, MedStack, Adracare, Careteam, FightCamp, FleetOps.

BCF Ventures is a seed-stage and Series A investor targeting firms interested in supporting startups that focus on emerging technologies.

Typically, the VC firm has interests in the future of B2B cloud & SaaS solutions leveraging a combination of AI and Big Data. BCF ventures invest between $125K-$5M while taking the minority position in the first initial round.

Learn more about BCF Ventures ➜

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7. 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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8. Anges Quebec

  • Location: Montréal, Quebec, Canada
  • Industries: Sector Agnostic
  • Investment Range: Not Disclosed
  • Stage: Seed Stage
  • Companies invested in: 37E Avenue, 4C Medical, Alftred Health INC, Algolux, Alice POS, Axes, B2BQuotes.com, BonLook, Boreas Semiconductor.

Anges Quebec invests in early-stage startups, contributing to the growth of their portfolio companies. The VC firm injects value-added capital with the core objective being to gain a significant return on their investment.

By investing in innovative ideas, Anges Quebec hopes to gain a return of approximately 10 times their investment. Anges Quebec obtains a share of equity ranging between 20 and 30 percent in the portfolio company.

Learn more about Anges Quebec ➜

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9. 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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10. 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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11. AQC Capital

  • Location: Montreal, Quebec, Canada
  • Industries: Sector Agnostic
  • Investment Range: Not Disclosed
  • Stage: Seed Stage
  • Companies invested in: Gray Oncology Solutions, Giant Pharma, My Intelligent Machines, Inversago Pharma, Evy Innovation, Saccade Analytics.

AQC Capital funds startups at various stages, and from all sectors. Typically, AQC capital targets companies that rely on innovation to target the global markets.

In that regard, AQC capital seeks to promote extraordinary entrepreneurs by providing venture capital and support from experienced professionals who are actively involved in the management of various portfolios.

Learn more about AQC Capital ➜

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12. Centech

  • Location: Montreal, Canada
  • Industries: Sector Agnostic
  • Investment Range: Not Disclosed
  • Stage: Early Stage
  • Companies invested in: Collogh Cares, Connektica, Corpobids, Corstem, Denovogen, Ditch.

Centech typically invests in technology companies that focus on transforming tomorrow's economy through t6echnology-based solutions.

The VC firm runs two programs designed to cater to the needs of startups at various growth stages. The first program is the Acceleration program which runs for 12 months and is open to all startups. The second program is the Propulsion, suitable for startups that are ready for commercializing.

Learn more about Centech ➜

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13. Elixxer

  • Location: Montreal, Canada
  • Industries: Pharmaceutical, Cosmetics, Nutraceutical, Cultivation.
  • Investment Range: Not Disclosed
  • Stage: Early Stage
  • Companies invested in: Tricho Med, Freia Farmaceutici, Virdi, Little Green Pharma,Globalcanna, Evolution BNK.

Elixxer is a global investment firm seeking high-impact investments in Post-IPO equity. The VC firm focuses on the legal global cannabis market and seeks to build a transversal integrated organization of interconnected legal cannabis companies.

Learn more about Elixxer ➜

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14. Champlain Financial Corporation

  • Location: Montréal, Quebec, Canada
  • Industries: Sector Agnostic
  • Investment Range: Not Disclosed
  • Stage: Early Stage
  • Companies invested in: Enjay Converters, Transport Inter-Nord, Dion Herbs & spices, Humanity Bakeries, Naya Waters, Wong Wing.

Champlain is a flexible and entrepreneurial VC firm focusing on Small and medium market startups, and investing $25 Million to $100 Million.

The VC firm focuses on creating value through an actively involved relationship-based approach to investing.

Therefore, Champlain Financial not only looks for the companies seeking capital but also for the operation-oriented partners seeking to improve their operations. Champlain aims for 5 to 7 years of investment, with the flexibility to respond to each company’s specific situation.

Learn more about Champlain Financial Corporation ➜

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15. BDC

  • Location: Montreal, Quebec, Canada
  • Industries: Sector Agnostic
  • Investment Range: Not Disclosed
  • Stage: Seed and Series A
  • Companies invested in: Biotechnology, Appzero, Auvik, Axonify, Biosyntech, Beanworks, AppNeta.

BDC Capital Venture invests in transformative startups focusing on different sectors. Typically, the VC firm targets companies that work towards technological innovations. Featuring a diverse range of funds, the VC firm helps startups unlock the commercial potential of different ideas.

Learn more about BDC ➜

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16. EDO Capital

  • Location: Montreal, Canada
  • Industries: Food sector
  • Investment Range: Not Disclosed
  • Stage: Seed Stage
  • Companies invested in: Goodfood, Alveole, XpertSea, Dame-Jeanne,

Edo Capital is an early-stage VC firm that supports startups that focus on creating sustainable food solutions. The VC firm partners with innovative entrepreneurs, and works towards building business solutions to some of the pressing challenges facing the sustainability of our food systems.

Edo Capital provides capital, experience, recruiting, operations and marketing support, helping the entrepreneurs scale their businesses.

Learn more about EDO Capital ➜

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17. Accelerated Ventures

  • Location: Montreal, Canada
  • Industries: Sector Agnostic
  • Investment Range: Not Disclosed
  • Stage: Seed Stage
  • Companies invested in: Snap, Tradeteq, Settled, Push doctor, Phoelex, Charlie, Kadence, Current, Evezy, Funderbeam.

Accelerated Ventures invests in companies and founders that have shown long-term ambition to build an industry-defining business. The accelerated ventures program uses operational experience to back the founder's ambition and connect the founders to resourceful networks.

Learn more about Accelerated Ventures ➜

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18. Teralys Capital

  • Location: Montreal, Canada
  • Industries: IT, Life Sciences, Industrial innovations
  • Investment Range: Not Disclosed
  • Stage: Seed Stage
  • Companies invested in: Cycle Capital Management, EnerTech Capital, Celtic House, iNovia, Georgian, iRis Capital.

Teralys capital finances early-stage startups focusing on IT, life sciences, and green/industrial innovation. The VC firm seeks to empower startup founders to innovate, grow, and successfully bring the ideas of tomorrow to the global marketplace. Typically, the optimal size adapts to the company's strategy and its investment sector.

Learn more about Teralys Capital ➜

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19. Inerjys

  • Location: Montreal, Canada
  • Industries: CleanTech
  • Investment Range: Not Disclosed
  • Stage: Seed Stage
  • Companies invested in: AESP Green energy, Goliath wind, Schottel Hydro, Still good.

Inerjys invests in areas that seek to make a rapid impact globally.

The global investment fund seeks to drive cleantech companies through the commercialization and growth phases where the traditional VC firms failed.

In that regard, Inerjys invests in companies that provide energy storage, water solutions, microgrids, solar energy, wind energy, food sustainability, tidal power, and advanced energy management.

Learn more about Inerjys ➜

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20. 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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Pat Walls,  Founder of Starter Story

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