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Top 25 Cannabis VC (Venture Capital) Funds in Canada in February 2025

Last updated: Feb 2025 A list of 25 VC (Venture Capital) funds that invest in Cannabis startups based in Canada. We rank investors based on the number of investments they made in Cannabis companies from Canada. We update this investor list every month.

Top 25 Cannabis VC (Venture Capital) Funds in Canada in February 2025

Investor	Cannabis Canada investments
Btomorrow Ventures	4
Green Acre Capital	3
SOSV	2
Tribune Capital	2
Hedgewood	1
FedDev	1
Golden Section	1
Gaingels	1
Third Kind Venture Capital	1
KarpReilly	1
Anges Quebec	1
InnoStart Capital	1
MaRS Investment Accelerator Fund	1
WGD Capital	1
Globalive	1
Gotham Green Partners	1
Paradigm Capital	1
GTMfund	1
Delbridge Capital Partners	1
Groupe Roski	1
LAGO Innovation Fund	1
Innovacorp	1
RIV Capital	1
Pareto Holdings	1
Ontario Brain Institute	1

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Investor list

Btomorrow Ventures (BTV) is the corporate venturing unit of BAT. BAT is building A Better Tomorrow by reducing the health impact of its business by transforming into a truly consumer-centric multi-category CPG company. We are dedicated to partnering with ambitious and passionate entrepreneurs to realise their vision by providing a platform toenhance innovation and accelerate growth.

Investment focus

Health Care, Wellness, Food and Beverage
Series A, Seed, Series B
United States, United Kingdom, India

Portfolio highlights

Tru — Obsessively formulated by fusing flavor with function, each of our tasty innovations perform when you need it most. From the time you wake up until the second your head hits the pillow, we elevate every moment one sip at a time.
Awake Chocolate — AWAKE Chocolate combines delicious milk chocolate.
PHILTER Labs — Philter Labs presents an innovative smoke filter for E-Cig, Vape Pen, & CBD Pen. Filters smoke from entering shared space while you still enjoy the experience.

Green Acre Capital is a private investment fund dedicated exclusively to the Canadian medical and recreational cannabis industry. The fund invests in sectors across the cannabis value chain including production, research, consumer products and retail.

Investment focus

Cannabis, Consumer Goods, Marketing
Seed, Funding Round, Series A
Canada, United States

Portfolio highlights

Claybourne — Claybourne is a cannabis breeder, cultivator, and retail brand that is known for its broad line of flower, pre-roll, and concentrate products.
humble+fume — humble+fume is Canada’s leading distributor of cannabis accessories. We offer the largest range of products and accessories to legal dispensaries, head shops and smoke shops of all sizes. We work with over 200 of the leading industry brands and offer more than 10,000 products and accessories. With distributions centres across North America, we arewell positioned to help grow your business. Our team believes pairing cannabis accessories is at the heart of contemporary enjoyment, we look forward to working with you and creating the perfect experience for your customers.
HC Solutions Holdings — HC Solutions Holdings operates as a distributor of cannabis. HC Solutions Holdings formed as a Joint Venture between Green Acre Capital Distribution Corp. and Humble & Fume.

SOSV is a global, deep tech venture capital firm that operates the HAX and IndieBio startup development programs focused on human and planetary health. SOSV invests $500,000 in startups at their inception as they onboard either HAX or IndieBio for a 4-6 month period designed to accelerate the raise of their next institutional round. SOSV joins thelater rounds of HAX and IndieBio graduates. HAX, based in a 35,000 sq ft facility in Newark, NJ, is equipped with machine tools, 3D printers, chemical, electrical and mechanical engineering labs, as well as on-staff engineering and design experts. SOSV's IndieBio has locations in NYC and San Francisco, both of which offer extensive services and facilities to founders including on-site BSL-2 labs, well equipped lab benches and hoods, and advanced lab equipment, such as chromatography equipment.

Investment focus

Biotechnology, Health Care, Software
Seed, Convertible Note, Pre-Seed
United States, India, United Kingdom

Portfolio highlights

MixRift — MIXRIFT - game developers specialized in Mixed Reality
unspun — From 3D scan to perfect fitting custom jeans. unspun makes each pair of jeans unique to your actual body and design. On a mission to reduce global carbon emissions by 1%. As seen in Fast Company's World Changing Ideas, Time's Best Inventions, and PopSci's Best of What's New. Welcome to the future of apparel.
Mesa Quantum — Unlock the potential of chip-scale quantum sensing for enhanced Position, Navigation, And Timing capabilities. Explore Mesa Quantum's practical solutions.

Tribune Capital is a venture capital firm located in Weyburn, SK.

Investment focus

FinTech, SaaS, Software
Funding Round, Seed, Series A
Canada, United States

Portfolio highlights

Reach — Reach is the premier ecommerce payments partner connecting you to global consumers. Unlock the true power of in-country payment without the complexities.
Masterpiece Studio — The first complete VR 3D creative suite for indie creators. Access our suite of professional, intuitive and easy-to-use tools - for FREE!
Immigrate Software — Connect with global talent for Canadian employers. 99.5% approval rate. Learn more!

Hedgewood is an investment firm active in venture capital, internet businesses, real estate, specialty finance, asset management, and private equity.

Investment focus

Health Care, Software, E-Commerce
Seed, Series A, Funding Round
Canada, United States, India

Portfolio highlights

Unito — Unito keeps your data in sync between multiple tools so everyone is always up-to-date in real-time.
Vetster — Pet health starts with Vetster. Find and book veterinarians from across North America to provide excellent health care for your pet through video consults. Cats, dogs, reptiles, horses - all pets are welcome.
Ready, Set, Food! — Ready, Set, Food! makes it easy for parents reduce their baby's risk of developing peanut, egg, and milk allergies by up to 80% with our gentle, daily system.

FedDev Ontario aids the southern Ontario economy by supporting innovation, commercialization, business growth, productivity, and communities.

Investment focus

Software, Manufacturing, Information Technology
Grant, Debt Financing, Seed
Canada, United States

Portfolio highlights

Universal Seal — Universal Seal is an industrial company that manufactures and supplies polyurethane hydraulic seals and urethane products.
DMZ — The DMZ is a world leading incubator and accelerator, open to tech startups worldwide and helping entrepreneurs win since 2010.
PARO Centre for Women's Enterprise — PARO Centre for Women’s Enterprise provides regular workshops, conferences, and events to support personal and professional development. They provide business support including access to funding for women entrepreneurs living. Their customers communicate via phone, address, and online applications.

Golden Section is a founders studio and venture capital fund.

Investment focus

Software, SaaS, Health Care
Seed, Funding Round, Pre-Seed
United States, Canada

Portfolio highlights

Bevz — Bevz is a software and services (SaaS) platform for local, independently operated liquor/convenience stores. Our vision is to transform the 100,000+ independent liquor stores across the nation with the technology, data, and support
RealSage — Leni is an AI-powered platform for multifamily owners and operators. Helping them improve their bottom lines with better multifamily business intelligence, reporting and AI-driven actionable Insights. Integrate directly with Yardi!
Lynx — Lynx is pioneering a better way to approach venture funding. Get started with the SWEAT equity toolkit today!

Gaingels is a leading venture investment syndicate in support of diversity, inclusive of the LGBTQIA+ community and allies in the venture capital space.

Investment focus

Software, Health Care, Artificial Intelligence
Seed, Series A, Series B
United States, Canada, Mexico

Portfolio highlights

1up — 1up is a competitive AI for users to observe and understand everything their competitors are doing. 1up accelerates and automates the competitive experience for teams. 1up enables teams to save hours of manual effort in product, sales, and marketing, understand what their competitors are building and saying, and win competitive deals faster andeasier than ever before.
Holly — Equipping local governments with the tools to streamline hiring, optimize workforce management, and attract top talent. With deep expertise in civic innovation, our team understands the unique challenges facing HR departments and is committed to delivering powerful, data-driven solutions that save time and simplify processes.
Qnovia — Respira Technologies is a platform device and biotechnology company focusing on aerosol science. The company is creating breakthrough aerosol devices and formulations that safely deliver a broad range of pharmaceuticals and nicotine.Respira Technologies' mission is to create novel medical devices of unparalleled efficiency and to advance theprotection of public health with consumer devices through novel innovation, responsible sourcing, draft legislative proposals, transparent product information, and common sense oversight.

Actual contact with an alien is a Close Encounter of the Third Kind

Investment focus

Software, E-Commerce, Cryptocurrency
Seed, Series A, Pre-Seed
United States, France, United Kingdom

Portfolio highlights

Macro — Macro is the platform professionals use to review, draft, collaborate, and compare documents faster and wiser.
Pickle Robot — We make robots that unload trucks without retrofitting the warehouse
Regolith Labs — Regolith Labs is the operator of a software company dedicated to assisting token airdrops in defending against sybil assaults and spam.

KarpReilly, LLC is a private investment firm, founded by Allan Karp and Chris Reilly, whose primary mission is to partner with premier growth companies and help them achieve their long-term vision. KarpReilly currently manages funds and affiliates with capital commitments in excess of $500 million. Over the past 15 years, the principals ofKarpReilly have invested in, sat on the boards of and nurtured over 25 growth companies.

Investment focus

Food and Beverage, E-Commerce, Retail
Series A, Seed, Private Equity
United States, Canada

Portfolio highlights

Strands Hair Care — Strands Hair Care delivers custom shampoo & conditioner with full ingredient customization based on accurate, quantified biological data for each customer.
Wilde Brands — Thin and crispy, flavorful, and 7x the protein of a potato chip. Wilde Chips are grain & gluten free, Paleo certified, Keto friendly, non-GMO & allergen-free.
Mother Science — Discover Mother Science, a revolutionary biotech skincare brand with a clinically proven serum for hyperpigmentation and sun damage.

Value-added investors for innovative entrepreneurs.

Investment focus

Software, Health Care, Artificial Intelligence
Seed, Funding Round, Angel
Canada, Spain, United States

Portfolio highlights

Hexoskin (Carré Technologies) — Hexoskin is the leader in Smart Clothing, Software & AI Data Analytics. The Hexoskin Smart Shirts are clinically validated for continuous ECG, HRV, Respiratory, Activity, Sleep & Stress monitoring. The Hexoskin Smart Garments are used by sports scientists, healthcare, defense, aerospace & research professionals.
HiringBranch — Skills based hiring solutions for global companies. We help you hire for the right skills - performance improvement guaranteed.
HDAX Therapeutics — HDAX Therapeutics novel modality unlocks a never-seen-before binding mechanism to key biological molecules.

InnoStart Capital is a small venture capital firm focusing on early-stage investments.

Investment focus

Video Games, Financial Services, E-Commerce
Seed, Pre-Seed, Funding Round
Canada, Malaysia

Portfolio highlights

Pop Meals — Expect exciting, locally trending meals at an affordable price! Now with dine-in, pickup and delivery .
Livescale — Try the Live Shopping solution with e-Commerce and checkout integration. Boost your real-time sales and skyrocket your brand awareness among communities!
Ludex — A web3 protocol that enables video games to operate on-chain.

Working with Ontario talent to develop World Class Companies Learn More

Investment focus

Software, Artificial Intelligence, Analytics
Seed, Pre-Seed, Series A
Canada, United States

Portfolio highlights

Cyder — Cyder is an end-to-end loyalty platform that allows credit unions to seamlessly issue, redeem, and integrate white-labeled rewards into everyday banking.
runQL — Write queries faster in a smart IDE and say goodbye to hard-to-find queries, missing documentation, and version chaos. Built for data work with support for SQL, Python, and Neo4j Cypher.
Moselle — Automated inventory forecasting, purchasing, and planning for fast growing multi-channel brands.

WGD Capital invests in early- and expansion-stage private companies.

Investment focus

Cannabis, Software, Business Intelligence
Seed, Convertible Note, Series A
United States, Canada, United Kingdom

Portfolio highlights

Headset — Retail & market insights for cannabis retailers, product manufacturers, CPGs, processors, growers & all ancillary services.
Katalys — Katalys is a partnership marketing technology platform that provides Brands and Publishers with a better way to generate revenue in the performance marketing channel. Formed out of the recent merger between RevOffers, a ‘cookieless’ graph attribution technology, and the embedded commerce innovation of 1o.io, Katalys is set on a course to disruptthe digital marketing landscape.Katalys' disruptive innovation in the performance marketing space is an embedded commerce technology that allows consumers to transact at any point of product discovery. This includes the ability to complete an eCommerce transaction inside a display advertisement, in-app, in-video, blog post, social media platforms, and even inside a VR/AR environment.
Birchmount Network — Birchmount Network is a gift card and marketing services company that provides comprehensive revenue and brand solutions.

Globalive fuels innovation by partnering with visionary entrepreneurs. Join our venture studio or explore funding opportunities.

Investment focus

Software, Health Care, SaaS
Seed, Series A, Funding Round
Canada, United States, United Kingdom

Portfolio highlights

Curv Health — Modern virtual Training, Physiotherapy, & Rehab Clinic. Computer Vision & Health Coaches for Strengthening & Recovery.
KEEP Labs — The Modern medicine Cabinet and Data Platform. We partner with healthcare organizations to improve patient adherence by integrating and augmenting their programs, not displacing them.
WellnessLiving Systems — Business Management Software by WellnessLiving: take your gym, fitness studio, spa or salon to the next level! Book and attract new clients instantly. See why over 10 million users love WellnessLiving. Get your free demo today!

A leading private equity firm investing exclusively across the global cannabis industry.

Investment focus

Cannabis, Retail, E-Commerce
Series A, Funding Round, Series B
United States, Canada

Portfolio highlights

Lucid Green — Lucid Green aims to provide supply chain operational efficiency and brand marketing solutions to help cannabis brands, distributors and retailers reduce costs, increase transparency, and drive revenue.
Trait Biosciences — Trait Biosciences is an emerging cannabis biotechnology company harnessing the best-in-class research scientists in biotechnology and cannabis R&D to change the face of the industry. The company was founded in 2017 and is based in Vancouver, Canada.
Engin Sciences — Engin Sciences develops AI-Driven HR software that plugs into existing job boards, giving companies access to a virtual talent management system for hourly jobs, allowing HR managers to gamify the job application process on any site, quickly evaluating applicants, engaging and routing viable candidates to the jobs to which they’re best suited.Saving time and reducing churn, Engin saves companies thousands of dollars in HR personnel expenses.

Paradigm is a research-driven investment dealer. Their sales and trading desk focuses on companies they cover. Their investment banking team provides innovative and attentive service. They believe that teamwork and long-term relationships are the key to exceptional success and growth.

Investment focus

Mining, Precious Metals, Mineral
Post-IPO Equity, Funding Round, Post-IPO Debt
Canada, United States, Australia

Portfolio highlights

Praxis — We are Praxis: a global community of creatives and technologists working to build the city of the future.
New Found Gold Corp. — New Found Gold Corp. is actively exploring district size gold exploration projects in Newfoundland and Ontario.
Moneta Porcupine Mines — Moneta holds a 100% interest in 5 core gold projects strategically located along the highly prospective Destor Porcupine Fault Zone.

Let us help you go from 0 to IPO. We're investing $10 million per year into early-stage companies (pre-Series A), specializing in B2B SaaS.

Investment focus

Software, SaaS, Information Technology
Series A, Seed, Pre-Seed
United States, Canada, Israel

Portfolio highlights

Avarra — Avarra is an enterprise avatar and AI simulation firm. The first application provides realistic 3D AI avatars trained on web-meeting transcripts and best practice playbooks to correctly imitate client sales conversations.
Opus Clip — Opus Clip turns long videos into high-quality viral clips for you to share on TikTok, YouTube Shorts, and Reels to increase social media reach.
Indigo — Indigo is an AI-powered home buying and selling platform for agents. Featuring an offers platform with built in seller preferences, commissions, forms & contracts.

Delbridge Capital Partners accelerates successful enterprise software start-ups by providing direct investments and supporting the go-to-market strategy and execution in the early stages of start-up growth. Delbridge invests in start-ups focusing on enterprise corporate technologies solving complex business problems in the areas of corporatefinance, sales, data management, and cybersecurity. Delbridge Capital Partners are experienced owners and operators of successful B2B enterprise software companies. Delbridge supports its portfolio companies in scaling their businesses by providing access to Delbridge’s extensive network of enterprise customers, capital markets, sales channels and talent.

Investment focus

Cannabis, Software, Compliance
Seed
Canada

Portfolio highlights

GrowerIQ — Compliance, Cultivation, Manufacturing, Quality Management System, and CRM all in one easy-to-use platform for cannabis operators globally.
Data Sentinel — Data Sentinel is a sensitive data management platform that provides deep technology to protect, identify, inventory, classify and tag sensitive data for your company.

Groupe Roski is a private investment company that has been involved in venture capital since 2013 with companies that improve the quality of life and the environment for individuals.

Investment focus

Biotechnology, Health Care, Medical Device
Seed, Series A, Funding Round
Canada, United States

Portfolio highlights

Spiderwort — Spiderwort is an innovator in all-natural, plant-based biomaterials that have the potential to repair spinal cord injuries and promote healing.
Groupe Evex — Groupe Evex deals with the commercial real estate projects.
Marmax — Marmax deals with residential and commercial construction, renovation and roofing.

Founded in 2019, LAGO Innovation stands at the forefront of growth-focused private credit investing. We are dedicated to achieving downside-protected, premium income returns, regardless of current market conditions.

Investment focus

Software, Sports, Apps
Seed, Series A, Funding Round
United States, Canada, Mexico

Portfolio highlights

GrowerIQ — Compliance, Cultivation, Manufacturing, Quality Management System, and CRM all in one easy-to-use platform for cannabis operators globally.
Safely — Let Safely help protect you with short term rental insurance & comprehensive guest screening for all your properties.
Season Share — There are 3.2M season tickets holders in the U.S. and 70% of season ticket holders share their tickets with other fans. We are the only mobile app that enables fans to buy, group, split and share season tickets to live sporting events. Season Share was founded by three sports fans with deep ties in tech, entertainment, sports and ticketing. Ourtechnology is ready to disrupt the stagnant ticketing industry, increasing team and league revenue while making the fan experience easier and more realistic for today’s consumer. Let’s change the game together.

Innovacorp is an early-stage venture capital firm that helps knowledge-based startups commercialize their technologies in the global marketplace. It invests in early stage Nova Scotia entrepreneurs, combining venture capital with business mentoring and incubation facilities. Innovacorp was established in 1995 and based in Halifax, Canada.

Investment focus

Software, Information Technology, Health Care
Seed, Grant, Funding Round
Canada, Australia, United States

Portfolio highlights

Bright Breaks — Bright offer on-site and virtual amenities for companies and employees. whether your team is on-site, working from home, or in between.
OVERGantt — With over 25 years in project management, OVERGantt provides cutting-edge software designed to keep you ahead of the game. Enquire today!
Planetary — Planetary develops ocean-based carbon removal technology to accelerate the natural carbon cycle. Planetary’s system purifies the mountains of alkaline rock waste left behind by large-scale mining operations, extracting the alkalinity from the rubble and putting it in the ocean, thus accelerating the carbon transition and rebalancing oceanchemistry.Planetary Technologies is on a mission to remove 1 billion tonnes of carbon dioxide from the atmosphere by 2035.

RIV Capital is a cannabis acquisition and investment firm building a leading multistate platform of brands in key strategic U.S. markets.

Investment focus

Cannabis, AgTech, Health Care
Seed, Funding Round, Series A
Canada, United States, Italy

Portfolio highlights

Dynaleo — At Dynaleo, we produce the highest quality cannabis-infused Edible Gummies. Learn more about our innovative CBD and THC gummies on our website.
Headset — Retail & market insights for cannabis retailers, product manufacturers, CPGs, processors, growers & all ancillary services.
TerrAscend — A Leading Vertically-Integrated North American OperatorTerrAscend is a leading North American cannabis operator with vertically integrated operations in

Building world-changing companies in sunny Miami

Investment focus

Software, Information Technology, Health Care
Seed, Pre-Seed, Funding Round
United States, United Kingdom, France

Portfolio highlights

Quiet — Quiet powers app success through expert publishing, strategic acquisitions, and innovative development. Join us in creating the next generation of market-leading mobile applications.
Volta — Volta is a developer of software-as-a-service platform focusing on B2B commerce.
Tracer Biotechnologies — Tracer Biotechnologies is a biotechnology company that offers monitoring services for oncology patients.

The Ontario Brain Institute works to establish Ontario as a world leader in brain research, commercialization and care.

Investment focus

Health Care, Medical, Biotechnology
Grant, Seed, Funding Round
Canada, United States, France

Portfolio highlights

Panaxium — We imagine a future where permanent disability from brain injury no longer exists.
RetiSpec — RetiSpec is a medical imaging company using advanced AI for the detection of neurodegenerative diseases through hyperspectral imaging of the eye.
Roga — Fast, effective relief from stress whenever you need it

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