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Top 50 Impact Startup Investors in Canada (June 2026)

The most active venture capital funds and angel investors investing in Canada Impact startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Canada Impact startup companies. Find investors to raise a Seed, Series A or Series B round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
Sustainable Development Technology Canada
VC Fund
16 Canada, United States, Brazil Grant, Seed Manufacturing, Energy, Software $73k–$6.2M
BDC Venture Capital
VC Fund
15 Canada, United States, Japan Series A, Seed Software, Information Technology, Artificial Intelligence $603k–$16M
Active Impact Investments
VC Fund
15 United States, Canada Seed, Series A Software, SaaS, CleanTech $731k–$38M
Cycle Capital
VC Fund
14 Canada, United States, Germany Series B, Seed Manufacturing, Energy, Electronics $55k–$25M
Export Development Canada
VC Fund
13 Canada, United States, United Kingdom Series B, Series A Software, Manufacturing, Renewable Energy $3.5M–$50M
BDC Capital Cleantech Practice
VC Fund
12 Canada, United States Series A, Series C Renewable Energy, Energy, Manufacturing $7M–$53M
SaskWorks Venture Fund
VC Fund
12 Canada, United States Seed, Post-IPO Equity Oil and Gas, Energy, Manufacturing $1.2M–$5.1M
Innovacorp
VC Fund
11 Canada, Australia, United States Seed, Grant, Pre-Seed Software, Information Technology, Health Care $18k–$3.1M
WUTIF
VC Fund
11 Canada Seed, Pre-Seed, Series A Software, Health Care, Biotechnology $100k–$3.8M
Atlantic Canada Opportunities Agency
VC Fund
10 Canada, United States, France Grant, Debt Financing, Seed Software, Manufacturing, Information Technology $25k–$2M
Business Development Bank of Canada
VC Fund
10 Canada, United States, Argentina Seed, Series A Software, Information Technology, Manufacturing $275k–$15M
SOSV
VC Fund
9 United States, India, United Kingdom Seed, Convertible Note, Pre-Seed Biotechnology, Health Care, Software
Fondaction
VC Fund
9 Canada, United States, France Private Equity, Debt Financing Manufacturing, Information Technology, Software $273k–$125M
Natural Gas Innovation Fund
VC Fund
8 Canada, United States Grant, Series A Oil and Gas, Renewable Energy, Energy $85k–$58M
SVG Ventures
VC Fund
8 United States, Canada, Ireland Pre-Seed, Seed AgTech, Agriculture, Farming $50k–$4.7M
GreenSky Ventures
VC Fund
8 Canada, United States, United Kingdom Seed, Series A Software, Information Technology, Health Care $675k–$5M
Chrysalix Venture Capital
VC Fund
8 United States, Canada, The Netherlands Series B, Series A Energy, Manufacturing, CleanTech $2M–$24M
VA Angels
VC Fund
7 Canada, United States, India Seed, Debt Financing Health Care, Software, Information Technology $110k–$1.5M
Investeco Capital
VC Fund
7 Canada, United States, Portugal Seed, Series A Food and Beverage, Organic Food, Manufacturing $250k–$14M
New Brunswick Innovation Foundation
VC Fund
7 Canada, United States Seed, Pre-Seed Software, Information Technology, Analytics $25k–$1.9M
Government of Canada
VC Fund
6 Canada, United States, Germany Grant, Debt Financing Non Profit, Manufacturing, Health Care $58k–$54M
Ontario Centres of Excellence
VC Fund
6 Canada, United States Seed, Grant, Pre-Seed Software, Information Technology, Health Care
Garage Capital
VC Fund
6 Canada, United States, South Africa Seed, Series A, Pre-Seed Software, Information Technology, Artificial Intelligence $800k–$50M
Startup TNT
VC Fund
5 Canada, United States Pre-Seed, Seed, Series B Software, Health Care, Medical Device $23k–$2M
Evok Innovations
VC Fund
5 Canada, United States, Israel Series A, Seed, Series B Energy, Chemical, Oil and Gas $2.5M–$58M
ArcTern Ventures
VC Fund
5 Canada, United States, United Kingdom Series B, Series A Energy, Software, Renewable Energy $4M–$50M
Anges Quebec
VC Fund
5 Canada, Spain, United States Seed, Angel Software, Health Care, Artificial Intelligence $366k–$3.1M
Capital Angel Network
VC Fund
5 Canada, United States Seed, Angel Software, SaaS, Artificial Intelligence $10k–$5M
Version One Ventures
VC Fund
5 United States, Canada, United Kingdom Seed, Series A, Series B Software, Internet, Blockchain $1.4M–$55M
MaRS Investment Accelerator Fund
VC Fund
5 Canada, United States Seed, Pre-Seed, Series A Software, Artificial Intelligence, Health Care $375k–$14M
1517 Fund
VC Fund
5 United States, Canada, India Seed, Pre-Seed, Series A Software, Artificial Intelligence, Health Care $250k–$41M
Diagram Ventures
VC Fund
4 Canada, United States, Spain Seed, Series A, Pre-Seed Financial Services, Software, FinTech $439k–$33M
Clean Energy Ventures
VC Fund
4 United States, Canada, Israel Seed, Series A Manufacturing, Energy, Renewable Energy
Yaletown Partners
VC Fund
4 Canada, United States, Belgium Series A, Series B, Seed Software, Manufacturing, Enterprise Software $603k–$31M
EnerTech Capital
VC Fund
4 United States, Canada, Israel Series B, Series C Energy, Software, Manufacturing $5M–$32M
BoxOne Ventures
VC Fund
4 Canada, United States, United Kingdom Seed, Pre-Seed, Series A Biotechnology, Health Care, Software $274k–$41M
Golden Opportunities Fund
VC Fund
4 Canada, United States Seed, Private Equity Agriculture, Farming, Software $500k–$20M
Shell Ventures
VC Fund
4 United States, United Kingdom, India Series A, Series B Energy, Renewable Energy, Software $3M–$126M
The 51 Ventures
VC Fund
4 Canada, United States Seed, Grant, Pre-Seed Information Technology, Health Care, Fashion $655k–$3.8M
Earth Foundry
VC Fund
4 United States, Canada Seed, Series B Energy, Software, Internet of Things
Fonds de solidarité FTQ
VC Fund
4 Canada, United States, Israel Series A, Series B Manufacturing, Biotechnology, Software
GrowthWorks Capital
VC Fund
4 Canada, United States, United Kingdom Series B, Series A Software, Biotechnology, Health Care
Real Ventures
VC Fund
4 Canada, United States, United Kingdom Seed, Series A, Series B Software, Artificial Intelligence, Machine Learning $650k–$50M
Natural Resources Canada
VC Fund
4 Canada, United States, Norway Grant, Post-IPO Equity, Series A Energy, Non Profit, Manufacturing $160k–$5M
NBIF’s Venture Capital Fund
VC Fund
4 Canada, United States Seed, Pre-Seed Software, Information Technology, Machine Learning $25k–$731k
Ecofuel Fund
VC Fund
3 Canada Seed, Series A Manufacturing, Telecommunications, Semiconductor
BDC Capital Corporation
VC Fund
3 Canada, United States, United Kingdom Series A, Seed Software, E-Commerce, Internet
Clean Energy Venture Group
VC Fund
3 United States, Canada Series A, Seed Energy, Renewable Energy, Manufacturing
Enbridge
VC Fund
3 Canada, United States, Japan Series C, Series B Energy, Manufacturing, Oil and Gas $9.8M–$31M
Fika Ventures
VC Fund
3 United States, Canada, South Korea Seed, Series A, Series B Software, Information Technology, Financial Services $2M–$50M
Access all 50 investors in Canada Impact startups.

Access 48,091 investors

822 industries, 177 countries. Updated daily. Emails and phones included.

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Investor list

Sustainable Development Technology Canada
VC Fund · Ottawa, Ontario, Canada · 16 investments in Canada Impact startups

At Sustainable Development Technology Canada (SDTC), they fund Canadian cleantech projects and coach the companies that lead them as they move their ground-breaking technologies to market.SDTC’s support of cleantech translates into jobs, growth, and export opportunities for Canadian companies, as well as economic, environmental and healthbenefits for all Canadians. They are independent but don’t work alone. A big part of their role is building and sustaining networks of partners and stakeholders from private industry, academia and governments, at home and abroad. They operate at arm’s length and receive funding from the Government of Canada.

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Investment focus

  • Industry: Manufacturing, Energy, Software
  • Stage:Grant, Seed
  • Geography: Canada, United States, Brazil

Investor stats

  • Total investments: 177
  • Round size: Seed $73k–$1.7M; Grant $878k–$6.2M
  • Lead/follow: 77% lead, 23% follow

Portfolio highlights

  • Niricson — Niricson Software has developed a proprietary damage assessment software platform paired with a patent-pending drone-based data collection technology that helps infrastructure owners inspect their structures (e.g. hydro dams) in a way that is more accurate, five times faster, and 50% more cost-effective. Niricson is differentiated by its ability toautomatically detect and quantify not only surface damage, but also subsurface damage.
  • Solaires Entreprises Inc — Solaires Entreprises Inc is a Canadian cleantech company located in Victoria, BC, that consists of a team of 23 scientists, engineers, and business professionals. Solaires is focused on developing the next generation of solar cells by replacing silicon with perovskite through an innovative and sustainable manufacturing process resulting inaffordable solar photovoltaics with higher energy conversion efficiency.
  • Progressive Planet Solutions — Progressive Planet Solutions Inc is a metal/mineral based company that deals with the exploration & development of zeolite minerals.
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BDC Venture Capital
VC Fund · Calgary, Alberta, Canada · 15 investments in Canada Impact startups

BDC Venture Capital is a major venture capital investor in Canada, active at every stage of the company's development cycle, from seed through expansion, with a focus on technology-based businesses that have high growth potential and that are positioned to become dominant players in their markets. The company helps create and develop strongCanadian businesses through financing, consulting services and securitization, with a focus on small and medium-sized enterprises.BDC Venture Capital has been involved in venture capital since 1975 and has to date invested in more than 400 companies involved in the areas of Life Sciences, Telecommunications, Information Technology and Advanced Technologies.

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Investment focus

  • Industry: Software, Information Technology, Artificial Intelligence
  • Stage:Series A, Seed
  • Geography: Canada, United States, Japan

Investor stats

  • Total investments: 401
  • Round size: Seed $603k–$5M; Series A $3.1M–$16M
  • Lead/follow: 27% lead, 73% follow

Portfolio highlights

  • Arteria AI — Arteria unlocks the power of your contracts by helping you to generate, negotiate and turn your executed contracts into data that allow you to diagnose problems, identify opportunities and drive value for your organization.
  • Augmenta Inc. — Design sustainable, code compliant and fully constructible buildings in hours.
  • CarbonCure Technologies — CarbonCure Technologies creates, develops, and licenses solutions that consume waste CO2 to make better concrete. It spurs the market shift towards affordable green concrete, by enabling concrete manufacturers to convert waste CO2 into solid minerals, locked away as a solid within concrete during manufacturing. It is a green building technologycompany currently serving concrete product manufacturers in the US and Canada. It offers concrete producers the ability to manufacture green concrete products without compromising on either quality or price.CarbonCure is a retrofit innovation that repurposes CO2 gas from large final emitters as a feedstock in concrete plants. The gas is permanently converted into embedded solid mineral carbonates that yield material, environmental, and production advantages. By enabling concrete manufacturers to consume CO2 into concrete products during manufacturing, the technology differentiates an otherwise traditional commodity concrete product, while achieving superior material performance characteristics. In addition to technology, CarbonCure provides demand-pull marketing and environmental reporting/certification services to reinforce its customers’ exclusive competitive positioning. The technology is licensed at a very low-CAPEX to concrete producers, generating a recurring revenue stream.CarbonCure Technologies was founded in 2007 and is headquartered in Halifax, Nova Scotia.
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Active Impact Investments
VC Fund · North Vancouver, British Columbia, Canada · 15 investments in Canada Impact startups

We support environmental resiliency through profitable investment. We provide capital and talent to accelerate the growth of early-stage climate tech ventures catalyzing the transition from finite to infinite sources of energy, food, water & products.

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Investment focus

  • Industry: Software, SaaS, CleanTech
  • Stage:Seed, Series A
  • Geography: United States, Canada

Investor stats

  • Total investments: 59
  • Round size: Seed $731k–$9M; Series A $1.8M–$38M
  • Lead/follow: 24% lead, 76% follow
  • Last fund: Likely still investing — raised $51M in 2023

Portfolio highlights

  • Optiwatt, Inc. — Optiwatt integrates your exact electricity rates so you can save on EV charging and HVAC. Automatically use electricity off-peak and earn rebates in utility programs.
  • Relyion Energy — Discover Relyion Energy's innovative AI-driven battery management systems that extend battery life by up to 30 years, reduce costs by up to 50%, and support a range of applications from backup power to EV fast charging.
  • ThinkLabs AI — ThinkLabs AI is a specialist AI development and deployment firm. Its mission is to empower critical industries and infrastructure with trustworthy AI towards global energy sustainability.
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Cycle Capital
VC Fund · Montréal, Quebec, Canada · 14 investments in Canada Impact startups

Cycle Capital is a pioneer in Canadian Cleantech venture capital fund management investing in companies at the development and commercialization stages in North America. Founded in 2009 by Andrée-Lise Méthot, Founder and Managing Partner, Cycle Capital’s Platform has become an important venture capital investor of the Cleantech industry with its 3funds totaling $230M Assets Under Management (AUM). Cycle Capital is looking to invests in promising ventures that are not capital intensive and/or that can benefit from the leverage brought by Cycle Capital extensive network of investors, strategic partners and advisors.In addition to its core investments, Cycle Capital targets companies with high growth potential – especially those with strong intellectual property, leading edge technologies and with exceptional management talent that would benefit from the firm’s network of strategic industrial partners and expert advisors. With its core investment and business expertise, Cycle Capital plays an active role adding meaningful and tangible value to its portfolio companies at all stages of their life.

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Investment focus

  • Industry: Manufacturing, Energy, Electronics
  • Stage:Series B, Seed
  • Geography: Canada, United States, Germany

Investor stats

  • Total investments: 79
  • Round size: Seed $55k–$2.3M; Series B $6.3M–$25M
  • Lead/follow: 38% lead, 62% follow
  • Last fund: May invest from a new fund soon — raised $145M in 2020

Portfolio highlights

  • Thymox Technology — A powerful, non-toxic botanical disinfectant that kills 99.9% of bacteria, fungi and molds as well as COVID-19. Thymox is safe for you and your family.
  • BioAlert Solutions — Innovative real-time Legionella detection system for industrial facilities. Lower operational costs and meet regulatory compliance.
  • GreenMantra Technologies — Based in Brantford, Ontario, GreenMantra™ Technologies utilizes a proprietary thermo-catalytic system and patented process to cost-effectively convert and "up-cycle" waste plastics, including hard-to-recycle materials such as grocery bags and film, into high-value waxes and other specialty chemicals. These materials have a broad range ofapplications in the coatings, plastics processing, adhesives, roofing and paving industries.
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Export Development Canada
VC Fund · Ottawa, Ontario, Canada · 13 investments in Canada Impact startups, 11 in the past 12 months

Export Development Canada (EDC) is a Crown corporation dedicated to assisting Canadian businesses of all sizes in achieving global success. It provides them with the tools they need to grow their business with confidence, including trade knowledge, financial solutions, equity, insurance, and connections.

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Investment focus

  • Industry: Software, Manufacturing, Renewable Energy
  • Stage:Series B, Series A
  • Geography: Canada, United States, United Kingdom

Investor stats

  • Total investments: 200
  • Round size: Series A $3.5M–$22M; Series B $5M–$50M
  • Lead/follow: 29% lead, 71% follow

Portfolio highlights

  • SK ecoplant — SK ekoplant is a top-tiered global city developer and infrastructure builder. SK ekoplant is one of the leading subsidiaries of SK group.SK ekoplant is one of the world’s best companies in the engineering industry, undertaking plants on EPCC basis (Engineering, Procurement, Construction and Commissioning) in the fields of Refineries,Petrochemicals, Fertilizer, Industrial Plants and Environmental Plants, Plants to wireless mobile communication equipment worldwide. As a major player in high-tech engineering market of the 21st century, SK ekoplant is committed to becoming the top-tier company by acquiring the drive for the future growth through the expansion of overseas markets and the launching of new products and by successful establishing the developed enterprise structure through improvement of internal system and process as well as performance assessment system.SK ekoplant is currently carrying out huge projects in U.S, Saudi Arabia, China, Thailand, Vietnam, India, Ecuador, Qatar, Algeria, Venezuela and CIS. This outstanding achievement is the culmination of SK ekoplant's extensive project experience, superior technology, and talents.
  • Photonic — We are building a new world through scalable, fault-tolerant quantum technologies.
  • Troilus Gold — Troilus Gold is a Canadian based development stage resource company focused on the potential restart and mineral expansion of the former producing Troilus gold and copper mine, located within the Frotêt-Evans Greenstone Belt in Quebec.
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BDC Capital Cleantech Practice
VC Fund · Calgary, Alberta, Canada · 12 investments in Canada Impact startups

We can help you meet the capital-intensive needs of scaling and achieve timely growth. We offer more flexible equity financing and commercial loans.

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Investment focus

  • Industry: Renewable Energy, Energy, Manufacturing
  • Stage:Series A, Series C
  • Geography: Canada, United States

Investor stats

  • Total investments: 65
  • Round size: Series A $7M–$31M; Series C $9.3M–$53M
  • Lead/follow: 17% lead, 83% follow

Portfolio highlights

  • eLeapPower — Learn more about how our technology is revolutionizing eMobility.
  • Equispheres — All metal powders for additive manufacturing are not created equal - except ours. Make manufacturing AM a reality with our revolutionary powder technology.
  • FREDsense — Ensure accurate PFAS detection with Fredsense's advanced testing solutions for water quality and safety. Contact us today for more information!
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SaskWorks Venture Fund
VC Fund · Regina, Saskatchewan, Canada · 12 investments in Canada Impact startups

SaskWorks Venture Fund is a Saskatchewan-based retail mutual fund that invests in privately-held small and medium-sized businesses owned or primarily operated in Saskatchewan. As a labour-sponsored venture capital corporation (LSVCC), investments in SaskWorks are eligible to receive a tax credit equal to 35% in addition to their RRSP tax deferral.Since its inception, the Fund has provided a unique opportunity for Saskatchewan residents to keep their investment dollars at home, helping to grow local companies and creating jobs in their province.

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Investment focus

  • Industry: Oil and Gas, Energy, Manufacturing
  • Stage:Seed, Post-IPO Equity
  • Geography: Canada, United States

Investor stats

  • Total investments: 57
  • Round size: Seed $1.2M–$5.1M; Post-IPO Equity $3.7M–$4.6M
  • Lead/follow: 5% lead, 95% follow
  • Last fund: May invest from a new fund soon — raised $40M in 2018

Portfolio highlights

  • Curbie — Curbie is an online platform that enables consumers to buy, sell, and trade-in vehicles in Canada. The company provides consumers with an ecommerce buying experience that is unique in the Canadian landscape. Consumers select from Curbie's online inventory, receive the vehicles at their homes and, after purchase, have 7-days to decide to keepor return. Curbie is a highly-automated enterprise, featuring its own set of algorithmic and AI-based tools, which minimize staffing needs and enhance decision-making.
  • 54e Dev Studios — 54e Dev Studios creates unique robotics and gaming experiences using real-time communication technologies.
  • Ground Truth Agriculture — Ground Truth Ag revolutionizes precision farming with automated grain grading solutions. Our cutting-edge technology provides real-time, accurate grain quality monitoring, optimizing productivity for farmers and agribusinesses. Discover the future of agtech with us.
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Innovacorp
VC Fund · Halifax, Nova Scotia, Canada · 11 investments in Canada Impact startups

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.

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Investment focus

  • Industry: Software, Information Technology, Health Care
  • Stage:Seed, Grant, Pre-Seed
  • Geography: Canada, Australia, United States

Investor stats

  • Total investments: 155
  • Round size: Seed $50k–$3.1M; Grant $25k–$91k; Pre-Seed $18k–$878k
  • Lead/follow: 34% lead, 66% follow
  • Last fund: May invest from a new fund soon — raised $40M in 2016

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.
  • Planetary — Planetary restores the chemistry of seawater so it can do what it has always done: support life and protect the planet.
  • CarbonCure Technologies — CarbonCure Technologies creates, develops, and licenses solutions that consume waste CO2 to make better concrete. It spurs the market shift towards affordable green concrete, by enabling concrete manufacturers to convert waste CO2 into solid minerals, locked away as a solid within concrete during manufacturing. It is a green building technologycompany currently serving concrete product manufacturers in the US and Canada. It offers concrete producers the ability to manufacture green concrete products without compromising on either quality or price.CarbonCure is a retrofit innovation that repurposes CO2 gas from large final emitters as a feedstock in concrete plants. The gas is permanently converted into embedded solid mineral carbonates that yield material, environmental, and production advantages. By enabling concrete manufacturers to consume CO2 into concrete products during manufacturing, the technology differentiates an otherwise traditional commodity concrete product, while achieving superior material performance characteristics. In addition to technology, CarbonCure provides demand-pull marketing and environmental reporting/certification services to reinforce its customers’ exclusive competitive positioning. The technology is licensed at a very low-CAPEX to concrete producers, generating a recurring revenue stream.CarbonCure Technologies was founded in 2007 and is headquartered in Halifax, Nova Scotia.
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WUTIF
VC Fund · Vancouver, British Columbia, Canada · 11 investments in Canada Impact startups

WUTIF Capital (VCC) Inc. is a novel angel fund that co-invests with angel investors in promising new technology ventures in British Columbia. WUTIF was formed in mid-2003 and made its first investments in late 2004.

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Investment focus

  • Industry: Software, Health Care, Biotechnology
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Canada

Investor stats

  • Total investments: 72
  • Round size: Seed $100k–$3.8M; Pre-Seed $256k–$1.2M
  • Lead/follow: 10% lead, 90% follow

Portfolio highlights

  • ViewsML — Explore cutting-edge AI solutions for cancer treatment, diagnosis, and research. Discover how clinical labs leverage artificial intelligence for precise cancer detection and diagnosis.
  • Carbonyx — Carbonyx is a biotechnology company that transforms industrial waste into valuable byproducts while permanently storing carbon dioxide.
  • Polar Beer Taps — Polar Beer Taps Permafrost V3 system is leading the way in the future of portable beverage serving. They can provide reliable, high-quality commercial draft systems to any location, which elevates any event.
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Atlantic Canada Opportunities Agency
VC Fund · Moncton, New Brunswick, Canada · 10 investments in Canada Impact startups

The Atlantic Canada Opportunities Agency works to create opportunities for economic growth in Atlantic Canada by helping businesses become more competitive, innovative and productive, by working with diverse communities to develop and diversify local economies, and by championing the strengths of Atlantic Canada. Together, with Atlantic Canadians,we are building a stronger economy.

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Investment focus

  • Industry: Software, Manufacturing, Information Technology
  • Stage:Grant, Debt Financing, Seed
  • Geography: Canada, United States, France

Investor stats

  • Total investments: 206
  • Round size: Seed $25k–$2M; Grant $30k–$2M; Debt Financing $138k–$1.1M
  • Lead/follow: 82% lead, 18% follow

Portfolio highlights

  • Greenii — Greenii provides recycling services for paper bags. They offer services that include newsprint paper bags, kraft paper bags, logo printing, crinkle paper shreds, and shredded cardboard.
  • ReelData AI — ReelData AI provides artificially intelligent monitoring for finned fish aquaculture. It delivers weight distributions, feeding analysis, health analysis, and growth analysis
  • RFINE Biomass Solutions — RFINE Biomass Solutions is to make coffee waste sustainable and delightful.
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Access 48,091 investors

822 industries, 177 countries. Updated daily. Emails and phones included.

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Business Development Bank of Canada
VC Fund · Montréal, Quebec, Canada · 10 investments in Canada Impact startups

We are BDC, the bank for Canadian entrepreneurs. We support small and medium-sized businesses in all industries and at every stage of growth with money and advice. We are the Business Development Bank of Canada.

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Investment focus

  • Industry: Software, Information Technology, Manufacturing
  • Stage:Seed, Series A
  • Geography: Canada, United States, Argentina

Investor stats

  • Total investments: 257
  • Round size: Seed $275k–$5M; Series A $3M–$15M
  • Lead/follow: 40% lead, 60% follow

Portfolio highlights

  • Dozr — Construction equipment rentals available near you. From compact track loader to aerial work platform rentals, research prices and reserve heavy equipment rentals online.
  • Quadshift — Quadshift provides software solutions to thousands of businesses in a variety of vertical markets by acquiring and building great B2B software companies and holding them for the long term.
  • Tracktile — Tracktile lets you configure your manufacturing operation through inventory and production software. Gain full visibility into your operation. Talk To Us!
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SOSV
VC Fund · Princeton, New Jersey, United States · 9 investments in Canada Impact startups, 75 in the past 12 months

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.

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Investment focus

  • Industry: Biotechnology, Health Care, Software
  • Stage:Seed, Convertible Note, Pre-Seed
  • Geography: United States, India, United Kingdom

Investor stats

  • Total investments: 1482
  • Lead/follow: no public data

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.
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Fondaction
VC Fund · Clarke City, Quebec, Canada · 9 investments in Canada Impact startups

Since its creation in 1996, Fondaction has been based on the belief that it is not only possible to do things differently in the financial and business world, it is a necessity.Fondaction helps Québecers prepare for retirement by offering affordable retirement savings to everyone. The savings collected are invested in companies across Québec.This way, Fondaction helps create and maintain quality jobs, contributing to a stronger, more equitable and greener economy.Created in 1996, Fondaction is a labour-sponsored fund with assets in excess of one billion dollars collected as retirement savings from more than 131,000 shareholders. Fondaction's direct investments and those made through investment funds support the development of more than 1 050 SMEs in different lines of business, in large part involved in various components of the social economy.Fondaction has always been resolutely committed to socially responsible finance, from the moment it was created. The principles of sustainable development are integrated in everything it does. Whether investing in businesses directly or in capital markets, Fondaction always applies the principles of responsible investment to the money entrusted by its savers.Fondaction was one of the first institutions in Québec to make accountability reports an obligation in an effort to improve its practices and contribute to moving sustainable development forward in Québec. It produced its first report on sustainable development in 2006 in accordance with the international standards of the Global Reporting Initiative (GRI), the highest standards of precision and transparency in economic, social and environmental accountability.In 2010 and 2012, Fondaction remained at the forefront with its 3rd and 4th sustainable development reports, having them reviewed by an independent firm and achieving an application level of A+ from the GRI. Fondaction is the only financial institution in Québec to achieve this level.In 2014, Fondaction tabled its 5th sustainable development report, produced in accordance with the latest GRI guidelines, the G4. Fondaction also opted for Comprehensive compliance, becoming the 1st financial institution in North America and the 9th in the world to voluntarily adhere to these requirements.

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Investment focus

  • Industry: Manufacturing, Information Technology, Software
  • Stage:Private Equity, Debt Financing
  • Geography: Canada, United States, France

Investor stats

  • Total investments: 140
  • Round size: Debt Financing $273k–$10M; Private Equity $750k–$125M
  • Lead/follow: 21% lead, 79% follow

Portfolio highlights

  • Carbicrete — CarbiCrete is a carbon removal technology company that enables the production of cement-free, decarbonized concrete.
  • JLD - Laguë — The JLD-Laguë Group, authorized John Deere dealers, specializes in the sale of agricultural, commercial and construction equipment.
  • BBM-Lanctôt — BBM-Lanctôt is a major printing company in Quebec.
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Natural Gas Innovation Fund
VC Fund · Ottawa, Ontario, Canada · 8 investments in Canada Impact startups

NGIF Capital offers an integrated hybrid model for financing cleantech companies with solutions for the energy sector.

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Investment focus

  • Industry: Oil and Gas, Renewable Energy, Energy
  • Stage:Grant, Series A
  • Geography: Canada, United States

Investor stats

  • Total investments: 17
  • Round size: Grant $85k–$2.8M; Series A $14M–$58M
  • Lead/follow: 29% lead, 71% follow

Portfolio highlights

  • Ionomr — Ionomr designs & manufactures advanced ion-exchange polymers & membranes that enable high performance and efficiency in applications like water & wastewater treatment, hydrogen production and advanced energy storage.
  • Carbonova — Carbonova takes carbon dioxide plus methane that combined with waste heat produces carbon nanofiber. Carbonova sees waste and pollution as a new untapped resource creating a true circular economy. It has applications in a wide variety of industries including replacing carbon black, tires, batteries,
  • Galatea Technologies — Galatea offers cutting-edge technology to empower businesses with data-driven solutions, optimizing operational, financial, and environmental performance.
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SVG Ventures
VC Fund · Los Gatos, California, United States · 8 investments in Canada Impact startups

We are a Venture & Innovation Platform Advancing the Food & Agriculture Industries We work with leading corporations, startups, universities, and growers to solve the biggest challenges facing the food and agriculture industries.

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Investment focus

  • Industry: AgTech, Agriculture, Farming
  • Stage:Pre-Seed, Seed
  • Geography: United States, Canada, Ireland

Investor stats

  • Total investments: 123
  • Round size: Seed $100k–$4.7M; Pre-Seed $50k–$100k
  • Lead/follow: 43% lead, 57% follow

Portfolio highlights

  • Verge Ag — Verge turns your existing autosteer and guidance systems into supervised autonomy. Path Planner creates optimized field routes, Equipment Explorer proves equipment value on real fields. No additional hardware required.
  • Cellar Insights — Maximize the value of your potato crop with smart remote monitoring. Monitor storage conditions and prevent crop loss with Cellar Insights.
  • Verdi Expeditions — Verdi is building the world's first truly scalable platform for farm automation. We work with the world's largest food brands to grow better and more sustainable crops.
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GreenSky Ventures
VC Fund · Toronto, Ontario, Canada · 8 investments in Canada Impact startups

GreenSky Ventures is a Toronto-based firm that makes investments in early-stage Canadian technology companies.GreenSky Ventures seeks early-stage B2B technology companies in Canada, emphasizing protectable IP and experienced management. It makes investments in early-stage technology companies through its affiliated venture capital funds, GreenSkyAccelerator Fund I, II and III. Their principals bring a unique combination of experience in technology, law, and finance to high-growth potential companies and dedicated entrepreneurs.GreenSky Capital was founded in Toronto, Ontario in 2010 by Geoff Simonett and Michael T. R. List.

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Investment focus

  • Industry: Software, Information Technology, Health Care
  • Stage:Seed, Series A
  • Geography: Canada, United States, United Kingdom

Investor stats

  • Total investments: 64
  • Round size: Seed $675k–$5M; Series A $2.3M–$4.4M
  • Lead/follow: 69% lead, 31% follow
  • Last fund: Likely still investing — fund raised in 2023

Portfolio highlights

  • Assetflo — Assetflo provides mobile IoT solutions for tracking the precise location from tracking applications.
  • Stratly — Boost your donation revenue, centralize data, and deepen donor engagement with Stratly's all-in-one fundraising platform.
  • BioAlert Solutions — Innovative real-time Legionella detection system for industrial facilities. Lower operational costs and meet regulatory compliance.
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Chrysalix Venture Capital
VC Fund · Vancouver, British Columbia, Canada · 8 investments in Canada Impact startups

Leading global venture capital fund that invests in resource intensive industries across North America and Europe.

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Investment focus

  • Industry: Energy, Manufacturing, CleanTech
  • Stage:Series B, Series A
  • Geography: United States, Canada, The Netherlands

Investor stats

  • Total investments: 104
  • Round size: Series A $2M–$18M; Series B $5.4M–$24M
  • Lead/follow: 28% lead, 72% follow
  • Last fund: Likely still investing — fund raised in 2023

Portfolio highlights

  • Geopyörä Oy — Geopyörä is the state of the art in rock breakage characterization testing and it was developed to allow mining companies to test several samples at low cost for geometallurgical, comminution design and control applications
  • General Fusion — General Fusion is developing fusion energy: a clean, safe, abundant and on-demand approach to generating electricity.
  • Q5D Technology — Additive manufacturing with conductors. Eliminate traditional wiring, saving space and weight. Unique 5-axis robots add power and data functions to products. Simplify supply chains and manufacturing. Transform productivity with our hardware, software, and support.
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VA Angels
VC Fund · Calgary, Alberta, Canada · 7 investments in Canada Impact startups

VA Angels, one of Canada’s leading angel investment groups, has member locations in Calgary, Edmonton, Kelowna and Winnipeg. Since 2003 they have done 57 deals worth $28.5 million and are one of the most active angel groups in Canada.

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Investment focus

  • Industry: Health Care, Software, Information Technology
  • Stage:Seed, Debt Financing
  • Geography: Canada, United States, India

Investor stats

  • Total investments: 109
  • Round size: Seed $110k–$1.5M
  • Lead/follow: 3% lead, 97% follow
  • Last fund: May invest from a new fund soon — last raise in 2015

Portfolio highlights

  • Tonit — Connect with local riders. Discover hundreds of rides & events. Track & share your ride. Share photos & videos with the community.
  • PLAYR.gg — Surf Giveaways is the #1 platform to run giveaways, sweepstakes, and contests for gamers. Grow your audience and build your community with giveaways now!
  • eThor — Trusted By National Brands Trusted By National Brands Contactless In the age of COVID-19, it's more important than ever to provide your customers a safe way to pay. eThor offers a number of contactless payment options, from Apple Pay, Samsung Pay or other forms of
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Investeco Capital
VC Fund · Toronto, Ontario, Canada · 7 investments in Canada Impact startups

InvestEco invests in innovative companies in the Food & Agriculture Sector. Learn More about our process, people, and companies.

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Investment focus

  • Industry: Food and Beverage, Organic Food, Manufacturing
  • Stage:Seed, Series A
  • Geography: Canada, United States, Portugal

Investor stats

  • Total investments: 49
  • Round size: Seed $250k–$4M; Series A $4.3M–$14M
  • Lead/follow: 35% lead, 65% follow
  • Last fund: May invest from a new fund soon — last raise in 2020

Portfolio highlights

  • GoParity — GoParity is an online savings and investment platform that uses a P2P business model to simplify investment and allow citizens and companies to get a decent return on their sustainable loans. Citizens and companies invest their funds in projects they believe in to generate economic, social and environmental impact.We are driving the transitiontowards a more sustainable and inclusive economic system, making investment in sustainable solutions accessible to all, from citizens to small enterprises. Join us @ www.goparity.com
  • Little Sesame — Serving up smooth hummus & sunny vibes.
  • The Jackfruit Company — The Jackfruit Company (TJC) is the producing convenient, whole food, plant-based products.
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New Brunswick Innovation Foundation
VC Fund · Fredericton, New Brunswick, Canada · 7 investments in Canada Impact startups

Director of Investments Every half-year, the Canadian Venture Capital Association (CVCA) reports on the status of venture capital investment in Canada, and the 2021-H1 edition is impressive.

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Investment focus

  • Industry: Software, Information Technology, Analytics
  • Stage:Seed, Pre-Seed
  • Geography: Canada, United States

Investor stats

  • Total investments: 122
  • Round size: Seed $50k–$1.9M; Pre-Seed $25k–$421k
  • Lead/follow: 36% lead, 64% follow

Portfolio highlights

  • Alongside — The perfect hire is closer than you think. Source better candidates, provide great candidate experiences & give yourself the freedom to find the perfect fit.
  • ClinicGlide — ClinicGlide uses AI to automate patient calls, messages, and bookings across phone, SMS, and web. Respond instantly, reduce front desk workload, and improve patient access without adding staff.
  • Smart Skin Technologies — SmartSkin helps pharma and beverage manufacturers reduce breakage, optimize line efficiency, and achieve zero-defect operations.
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Government of Canada
VC Fund · Gatineau, Quebec, Canada · 6 investments in Canada Impact startups

The Government of Canada is making it easier for Canadians to find and access government information and services online through its central website, Canada.ca. The website is the single entry point for all government information and services available online and is accessible using any device with an Internet connection, including tablets ormobile phones. Its portal shows how government works, its priorities, laws, finances, transparency, digital government, and policies.

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Investment focus

  • Industry: Non Profit, Manufacturing, Health Care
  • Stage:Grant, Debt Financing
  • Geography: Canada, United States, Germany

Investor stats

  • Total investments: 188
  • Round size: Grant $58k–$54M; Debt Financing $100k–$15M
  • Lead/follow: 63% lead, 37% follow
  • Last fund: May invest from a new fund soon — raised $85M in 2018

Portfolio highlights

  • Confederation Centre — Confederation Center of the Arts is a visual and performing arts cultural center.
  • Killam Apartment REIT — Killam Apartment REIT is a Canadian real estate investment trust developing apartments and manufactured home communities.
  • The Alignment Project — The Alignment Project is dedicated to accelerating progress in AI alignment research. TAP aim is to promote the development of advanced AI systems that are safe, reliable, and beneficial to society.
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Ontario Centres of Excellence
VC Fund · Toronto, Ontario, Canada · 6 investments in Canada Impact startups

The Ontario Centres of Excellence invests in projects and people to accelerate industry R&D to impact the Ontario economy through the commercialization of leading edge research.OCE invests in- Industry-Academic collaborative research- Commercialization of academic research through licensing and spin off companies- Early stage seedfinancing of start-ups- Skills development for high quality personnelThe Ontario Centres of Excellence is a not-for-profit corporation founded in 1987. Core funding is provided by the Ontario Ministry of Research and Innovation

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Investment focus

  • Industry: Software, Information Technology, Health Care
  • Stage:Seed, Grant, Pre-Seed
  • Geography: Canada, United States

Investor stats

  • Total investments: 150
  • Lead/follow: no public data

Portfolio highlights

  • Uride — Welcome to Uride - your reliable and affordable ridesharing service with a community-focus. Enjoy the ease of quick pickups, lower fares, and a user-friendly app designed to make your travels smoother. Start riding today!
  • FluidAI Medical — Real-Time Monitoring for Anastomotic Leaks with Origin, by FluidAI. Early data shows FluidAI's Origin can detect leaks an average of 1.6 days earlier.
  • Novel Biotechnology — Novel Biotechnology is building high-throughput bacterial platforms for the biotech industry, with a focus on plasmid DNA manufacturing.
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Garage Capital
VC Fund · Waterloo, Ontario, Canada · 6 investments in Canada Impact startups

Built by founders, for founders. Garage Capital helps best-in-class companies jump from garage to growth.

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Investment focus

  • Industry: Software, Information Technology, Artificial Intelligence
  • Stage:Seed, Series A, Pre-Seed
  • Geography: Canada, United States, South Africa

Investor stats

  • Total investments: 119
  • Round size: Seed $1.6M–$7M; Pre-Seed $800k–$3.6M; Series A $7.3M–$50M
  • Lead/follow: 8% lead, 92% follow

Portfolio highlights

  • CoRecruit (formerly Quil) — Quil is the AI assistant helping recruiting agencies eliminate hours of busywork. Automate interview notes, ATS updates, candidate submittals & more.
  • Uvaro — Remix your favorite resources and hacks with your best company content in a personalized hub that moves as fast as your team does
  • tofu — tofu is an online marketplace for founders, hiring managers, and talent team leaders to find talent.
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Startup TNT
VC Fund · Edmonton, Alberta, Canada · 5 investments in Canada Impact startups

Startup TNT is a non-profit organization that emphasizes community building of investors, entrepreneurs and cheerleaders, who gather every week and build friendships before companies. Previously generated more than $3 Million capital for local startups, TNT aims to transform Alberta into Canada's be

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Investment focus

  • Industry: Software, Health Care, Medical Device
  • Stage:Pre-Seed, Seed, Series B
  • Geography: Canada, United States

Investor stats

  • Total investments: 53
  • Round size: Seed $51k–$2M; Pre-Seed $23k–$439k
  • Lead/follow: 30% lead, 70% follow

Portfolio highlights

  • OraQ AI — OraQ AI is a clinical decision support system that empowers patients to improve wellness practice through a holistic approach. OraQ AI was founded in 2021 and was headquartered in Alberta, Canada.
  • Northernmost — Northernmost is a company that develops machines that protect and transport donated kidneys for transplantation.
  • Rivercity Innovations — Rivercity Innovations provides cold-chain monitoring technologies.
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Evok Innovations
VC Fund · Vancouver, British Columbia, Canada · 5 investments in Canada Impact startups

Founded in 2016, Evok Innovations is a fund that focuses on early-stage companies in the areas of Clean Energy, CleanTech, ClimateTech and CarbonTech.

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Investment focus

  • Industry: Energy, Chemical, Oil and Gas
  • Stage:Series A, Seed, Series B
  • Geography: Canada, United States, Israel

Investor stats

  • Total investments: 54
  • Round size: Seed $2.5M–$11M; Series A $4.4M–$57M; Series B $2.8M–$58M
  • Lead/follow: 33% lead, 67% follow
  • Last fund: Likely still investing — raised $300M in 2022

Portfolio highlights

  • e-Zinc — Founded in 2012, e-Zinc is a Toronto, Canada, based corporation that has developed a breakthrough electrochemical technology for storing energy in zinc metal. This low-cost, flexible, and long-duration energy storage solution will provide the platform for the world’s energy markets to be fully powered by renewable energy, enabling a zero-carbonenergy future.
  • Summit Nanotech — Summit Nanotech innovates direct lithium extraction (DLE) processes to economically and sustainably unlock lithium resources globally.
  • Planetary — Planetary restores the chemistry of seawater so it can do what it has always done: support life and protect the planet.
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ArcTern Ventures
VC Fund · Toronto, Ontario, Canada · 5 investments in Canada Impact startups

ArcTern Ventures is a venture capital fund that provides early-stage capital to cleantech companies.The privately-backed venture capital fund provides early-stage capital to companies developing breakthrough ideas in the cleantech sector. The Fund has developed a unique early-stage investment model through its partnership with MaRS, one of thelargest innovation centers in the world.

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Investment focus

  • Industry: Energy, Software, Renewable Energy
  • Stage:Series B, Series A
  • Geography: Canada, United States, United Kingdom

Investor stats

  • Total investments: 64
  • Round size: Series A $4M–$22M; Series B $5.1M–$50M
  • Lead/follow: 33% lead, 67% follow
  • Last fund: Likely still investing — raised $335M in 2023

Portfolio highlights

  • Hyperlume — Credo delivers high-speed, energy-efficient connectivity solutions powering AI, cloud computing, and hyperscale networks up to 1.6T.
  • Muon Space — Earth intelligence for a Safe and Resilient World.
  • Normal Computing — Normal Computing was founded by former members of the Google Brain Team, Palantir, and X who unlocked AI for some of the largest-scale and most mission-critical production systems, and the industry leading ML frameworks for Probabilistic and Quantum AI.
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Anges Quebec
VC Fund · Quebec, Quebec, Canada · 5 investments in Canada Impact startups

Value-added investors for innovative entrepreneurs.

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Investment focus

  • Industry: Software, Health Care, Artificial Intelligence
  • Stage:Seed, Angel
  • Geography: Canada, Spain, United States

Investor stats

  • Total investments: 154
  • Round size: Seed $805k–$3.1M; Angel $366k–$1.3M
  • Lead/follow: 18% lead, 82% follow

Portfolio highlights

  • Zilia — Zilia's non-invasive assessment of biomarkers in the eye redefines the way we prevent, diagnose, and treat various diseases.
  • Opalia — Opalia is introducing a new era of dairy: functional, delicious, and sustainable dairy made from mammary cells.
  • Gray Oncology Solutions — Gray Oncology Solution is a healthcare enterprise software company that commercializes GrayOS, the operating system for oncology.
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Capital Angel Network
VC Fund · Ottawa, Ontario, Canada · 5 investments in Canada Impact startups

Our goal is to build the region's entrepreneurial community, to make the region the best place to start a business and to facilitate access to investment opportunities for qualified investors.

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Investment focus

  • Industry: Software, SaaS, Artificial Intelligence
  • Stage:Seed, Angel
  • Geography: Canada, United States

Investor stats

  • Total investments: 97
  • Round size: Seed $183k–$5M; Angel $10k–$2M
  • Lead/follow: 18% lead, 82% follow

Portfolio highlights

  • Xatoms — At Xatoms, we clean water with Quantum Chemistry and AI, revolutionizing water purification for communities worldwide. Our innovative approach rapidly identifies new, sustainable materials to remove harmful pollutants and pathogens. We aim to alleviate the burden on women and girls in underrepresented communities, transforming the global landscape of water accessibility and empowering a more equitable world. Xatoms is at the forefront of combining scientific innovation with social change.
  • Virica Biotech — Viral Sensitizers (VSE) for drug developers and manufacturers are small molecules that improve viral yields and effectiveness by reducing the antiviral defences on a cellular level.
  • Afynia Laboratories — Aima Laboratories is a women's health healthcare company that provides innovative solutions to diagnostic and therapeutic difficulties. AIMA is working on the first non-invasive endometriosis diagnostic tool for the market. If you have chronic pelvic/period pain or are having difficulty becoming pregnant, you may have endometriosis.
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Version One Ventures
VC Fund · Vancouver, British Columbia, Canada · 5 investments in Canada Impact startups

Version One Ventures backs mission-driven founders at the earliest stages. Full thesis here: https://versionone.vc/updated-thesis/

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Investment focus

  • Industry: Software, Internet, Blockchain
  • Stage:Seed, Series A, Series B
  • Geography: United States, Canada, United Kingdom

Investor stats

  • Total investments: 143
  • Round size: Seed $1.4M–$5.8M; Series A $4M–$21M; Series B $8M–$55M
  • Lead/follow: 21% lead, 79% follow

Portfolio highlights

  • Jobber — Jobber is an award-winning business management platform for small home service businesses. Unlike spreadsheets or pen and paper, Jobber keeps track of everything in one place and automates day-to-day operations, so small businesses can provide 5-star service at scale. Jobber’s 100,000+ home service professionals have served over 12 millionhouseholds in more than 47 countries. The company continually ranks as one of Canada’s fastest-growing and most innovative companies by Canadian Business and Macleans, The Globe and Mail, Fast Company, and Deloitte.
  • Pienza — Pienza Ventures - We help Indian Startups win in the US Market
  • Preemadonna — Preemadonna is the maker of Nailbot. Nailbot is an intelligent at-home robot manicure powered by a creativity and automation platform. Nailbot prints instant personalized nail art and decals on fingernails in 5 seconds using your smartphone. Nailbot is your ultimate nail art tool that prints digital nail stickers.
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MaRS Investment Accelerator Fund
VC Fund · Toronto, Ontario, Canada · 5 investments in Canada Impact startups

Working with Ontario talent to develop World Class Companies Learn More

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Investment focus

  • Industry: Software, Artificial Intelligence, Health Care
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Canada, United States

Investor stats

  • Total investments: 156
  • Round size: Seed $375k–$3.8M; Pre-Seed $549k–$1.2M; Series A $2.2M–$14M
  • Lead/follow: 17% lead, 83% follow

Portfolio highlights

  • Axonify — Axonify provides eLearning software, interval reinforcement solutions, and gamified learning. Using principles of interval reinforcement and incorporating the realities of how emerging workforces learn in today’s environment, Axonify enables its customers to make training stick and improve employee performance.
  • SceneDoc — SceneDoc is public safety’s first all-in-one mobile software for data collection and retrieval. By modernizing with SceneDoc, agencies operate with higher levels of clarity and control, with fewer moving parts, capturing data and reporting at the point of need. SceneDoc is saving agencies an hour of paperwork per shift on average, resulting in lesstime reporting and more time in the community so officers can do what they do best.
  • SYMX.AI — Digitally Transforming the Resource Industry in Real-Time with End-to-End Actionable Data Insights
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1517 Fund
VC Fund · San Francisco, California, United States · 5 investments in Canada Impact startups

1517 Fund is an early stage venture capital fund that supports teams led by dropouts, deep-tech scientists & founders working outside of tracked institutions.

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Investment focus

  • Industry: Software, Artificial Intelligence, Health Care
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United States, Canada, India

Investor stats

  • Total investments: 123
  • Round size: Seed $850k–$8M; Pre-Seed $250k–$3M; Series A $7.6M–$41M
  • Lead/follow: 24% lead, 76% follow

Portfolio highlights

  • Deepgram — Deepgram helps enterprises unlock the potential of their audio data with custom-trained speech recognition for accuracy and scale. Deepgram's deep learning speech recognition system searches for keywords in transcripts by sound and text within audio and video files, used for transcribing calls, meetings, and voicemails for searchable notes,providing businesses with a fast, high accuracy speech-to-text on an easy-to-use API.The company was founded in 2015 and is headquartered in San Francisco, California.
  • Xona — Xona's Pulsar service is the first high-performance alternative to GPS designed to support the age of autonomy. Our constellation of smallsats will provide secure navigation and timing services with the resilience and accuracy needed to enable modern devices to operate safely in any conditions.
  • CalWave Inc — CalWave mission is - to provide clean, reliable and affordable power and water to costal communities world wide. CalWave’s vision is - to unlock wave power to provides 25% of global power for electricity, water and hydrogen.
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Diagram Ventures
VC Fund · Montréal, Quebec, Canada · 4 investments in Canada Impact startups

Connecting ideas, founders, and capital to build companies

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Investment focus

  • Industry: Financial Services, Software, FinTech
  • Stage:Seed, Series A, Pre-Seed
  • Geography: Canada, United States, Spain

Investor stats

  • Total investments: 44
  • Round size: Seed $1.7M–$7.9M; Pre-Seed $439k–$2.6M; Series A $4.8M–$33M
  • Lead/follow: 45% lead, 55% follow

Portfolio highlights

  • Lyteflo — Lyteflo provides electric vehicle (EV) sales tools.
  • Breathe Life — Zinnia seeks to deliver exceptional insurance experiences by transforming the life and annuity insurance experience from end-to-end.
  • Walnut Insurance — Insurance for everyone. Pick from transparent plans made for you.
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Clean Energy Ventures
VC Fund · Boston, Massachusetts, United States · 4 investments in Canada Impact startups

Clean Energy Ventures invests in scalable early-stage climate tech startups and clean energy technologies addressing global climate change.

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Investment focus

  • Industry: Manufacturing, Energy, Renewable Energy
  • Stage:Seed, Series A
  • Geography: United States, Canada, Israel

Investor stats

  • Total investments: 64
  • Lead/follow: no public data

Portfolio highlights

  • DG Matrix — DG Matrix innovative solutions unlock gigaton-scale emissions reductions by enabling electrification anywhere and everywhere with less material and a smaller footprint.
  • Queens Carbon — Queens Carbon is working on a processing system that will dramatically cut energy use. The system minimizes calcination and material synthesis energy consumption, allowing for low-cost carbon capture and carbon-neutral cement manufacture.
  • Exterra Carbon Solutions — Exterra is a company that is creating a world-class solution for long-term CO2 storage using mineral waste.
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Yaletown Partners
VC Fund · Vancouver, British Columbia, Canada · 4 investments in Canada Impact startups

Yaletown Partners specializes in investing in software, data, and device technologies. It invests in technology companies that improve industry and enterprise productivity and sustainability, to help accelerate their growth, shorten exit timeframes, and accomplish strong exit premiums.With offices in Vancouver, Calgary, Montréal, and a growingpresence in Toronto, Yaletown is led by a national team that contributes almost 100 years of technology-industry experience and a network of extensive industry relationships.

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Investment focus

  • Industry: Software, Manufacturing, Enterprise Software
  • Stage:Series A, Series B, Seed
  • Geography: Canada, United States, Belgium

Investor stats

  • Total investments: 83
  • Round size: Seed $603k–$4M; Series A $2.9M–$16M; Series B $2.1M–$31M
  • Lead/follow: 41% lead, 59% follow
  • Last fund: May invest from a new fund soon — raised $100M in 2017

Portfolio highlights

  • ePACT Network — ePACT will improve emergency preparedness across North America. By connecting every home and organization with shared information and resources, ePACT will have a positive impact on the safety of our communities. Its benefits will encourage users to adopt and share the system, while its tools help North Americans manage unexpected situations.
  • Elevated Signals — Elevated Signals provides cannabis producers with user-friendly manufacturing software that combines digital batch production records, inventory tracking and environmental data into a single customizable platform. By digitizing how cannabis operations run and streamlining data collection and aggregation, the system helps businesses significantlylower costs, scale quickly and make more informed decisions.Elevated Signals is used by some of the largest producers in North America, as well as a growing wave of innovative mid-size and craft facilities. It is the fastest-growing regulated manufacturing execution and quality software company in Canada.
  • Circle Cardiovascular Imaging — Explore advanced cardiovascular imaging software. Enhance diagnosis & clinical workflows with our AI-driven solutions. Contact us today!
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EnerTech Capital
VC Fund · Ambler, Pennsylvania, United States · 4 investments in Canada Impact startups

EnerTech Capital works hand-in-hand with pioneers and innovators daring to change the world. For 25 years EnerTech’s fundamental focus has been investing and partnering with innovative companies driving informational impact across the energy landscape; with a focus on Mobility, Industry 4.0, and Connected Customer. Since its founding in 1996,EnerTech has made 74 investments and has managed over $500 million in capital commitments. EnerTech works with investors and stakeholders from corporates with growing innovation programs to seasoned investors seeking differentiated opportunities for strategic capital deployment or tailored solutions. EnerTech partners with companies across all stages of enterprise value creation from late development and seed through commercialization and growth. While investment activities are predominantly focused in North America, EnerTech partners with teams globally on an opportunistic basis.

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Investment focus

  • Industry: Energy, Software, Manufacturing
  • Stage:Series B, Series C
  • Geography: United States, Canada, Israel

Investor stats

  • Total investments: 79
  • Round size: Series B $5M–$20M; Series C $5.5M–$32M
  • Lead/follow: 24% lead, 76% follow
  • Last fund: Likely still investing — fund raised in 2022

Portfolio highlights

  • SHAED — The smarter way to procure commercial vehicles. Built for fleets. Trusted by dealers. Designed for scale.
  • OwnEnergy — OwnEnergy is the national leader in mid-sized wind energy development. We partner with energy entrepreneurs across the country to develop 30-100 MW wind energy projects. Our local partners are leading members of wind-rich communities who play an active role in project development and receive a share of project ownership in return.We have anational network of projects under development with our local partners in wind-rich areas around the country. These energy entrepreneurs not only invest their hard-earned capital in the projects we jointly develop, but they also serve as the front line of OwnEnergy’s development team and work on a wide range of local development issues. At OwnEnergy, we pair that local knowledge and connection with our vast energy development experience and expertise to drive projects to completion. In this way, OwnEnergy plays a major role in providing innovative energy solutions that make wind power feasible and economical at the community scale.OwnEnergy’s breakthrough approach to project development dramatically reduces the costs and risks associated with project development while increasing turnaround time and profitability. In the process, we are cultivating a nationwide network of local champions and arming them with the skill set to develop community scale energy projects at the local level.The completion and subsequent sale of six of our projects, totaling 240 MW, is the ultimate measure of the power of our development approach. In addition, our executive team’s leadership at the upper echelons of the wind industry makes us a formidable player in America’s most successful renewable energy industry. That national presence, along with local resources complemented by our team of experienced employees, has given OwnEnergy a reputation that is second-to-none as a reliable and trustworthy developer. In short, we believe in what we’re doing, we do it well and, in turn, our stakeholders believe in us.
  • Swift Navigation — Harness the power of precision GNSS to unlock Vehicle Autonomy Start Your Free Trial Contact Sales Harness the power of precision GNSS to unlock Precision Logistics Start Your Free Trial Contact Sales
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BoxOne Ventures
VC Fund · Montréal, Quebec, Canada · 4 investments in Canada Impact startups

BoxOne Ventures is a privately held investment firm that focuses on early-stage companies across the most impactful, interesting and fast-changing sectors.

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Investment focus

  • Industry: Biotechnology, Health Care, Software
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Canada, United States, United Kingdom

Investor stats

  • Total investments: 64
  • Round size: Seed $1.1M–$8.7M; Pre-Seed $274k–$2M; Series A $717k–$41M
  • Lead/follow: 9% lead, 91% follow

Portfolio highlights

  • DrugBank — DrugBank augments human intelligence to improve the world’s health. Our suite of products are powered by the world’s most complete and up-to-date pharmaceutical knowledge database. It includes everything there is to know about drugs and how they work in the body. We enable companies to improve healthcare delivery through precision medicine orclinical software applications, as well as uncover insights through data science in drug discovery. Our knowledge base can be integrated into software solutions to help achieve clinical intelligence. Companies can easily scale their usage through our API and launch faster with flexible data modules. By providing users with advanced insights and the right information at the right time, users are empowered to make better health decisions.Our extensive, structured datasets are used to discover novel drug candidates, identify drug repurposing opportunities, and build predictive machine learning models. Companies working with data science can find answers quickly and get drugs to market faster with our evidence-based drug information. Lastly, our publicly available resource, DrugBank Online, is free-to-use with limited datasets available for download for academic and non-commercial researchers. DrugBank has been cited in over 13,000 academic publications and is used by millions of researchers and health professionals globally.
  • Axonis Therapeutics — AXONIS Therapeutics, Inc. is advancing breakthrough discoveries to develop first-in-class therapies for neurological disorders.
  • Vivid Machines — Digitizing permanent crop production | Vivid Machines | Ontario
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Golden Opportunities Fund
VC Fund · Saskatoon, Manitoba, Canada · 4 investments in Canada Impact startups

Golden Opportunities Fund Inc. is Saskatchewan's first Provincial Labour-sponsored Investment Fund which was launched in 1999 and is registered as a Labour-sponsored Investment Fund Corporation under The Labour-sponsored Venture Capital Corporations Act (Saskatchewan). Saskatchewan residents who purchase Shares of the Fund receive a 15%Federal tax credit and a 20% Provincial tax credit for a total of 35% in tax credits to a maximum contribution of $5,000 annually. Investments are also 100% RRSP eligible.With the capital raised, the Fund makes investments in Saskatchewan companies, or other entities that carry on business in Saskatchewan, that have less than 500 employees at the time of investment and that pay at least 25% of all their wages and salaries to Saskatchewan employees (as per current regulation which may be amended from time to time). The objective of the Fund is to realize long-term capital appreciation of its investments in eligible businesses. Potential investments are evaluated according to, among other things: stage of development; size; quality of management; the market potential of the products or services sold or distributed; the profit potential of eligible business; and the opportunity for realization by the Fund of its investments.

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Investment focus

  • Industry: Agriculture, Farming, Software
  • Stage:Seed, Private Equity
  • Geography: Canada, United States

Investor stats

  • Total investments: 39
  • Round size: Seed $500k–$20M
  • Lead/follow: 21% lead, 79% follow

Portfolio highlights

  • Headversity — Standards-aligned mental health training solutions for workplaces and sport organizations with Headversity Work & Headversity Sport.
  • Three Farmers — Three Farmers believes everyone should have wholesome food to eat, an understanding of where it comes from and how it's made. We are a family business with Three Farmers and Two Sisters at the heart, committed to preserving he land through sustainable farming practices, providing nourishing food grown on family farms.
  • Mega Group — Mega Group offers billing, expert accounting, consumer finance, business basics, merchandising, marketing, integrated website, digital services, store design, and fundamentals services.
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Shell Ventures
VC Fund · Rijswijk, Zuid-Holland, The Netherlands · 4 investments in Canada Impact startups

Shell Ventures invests in companies to speed up development and deployment of new technologies which complement our business.

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Investment focus

  • Industry: Energy, Renewable Energy, Software
  • Stage:Series A, Series B
  • Geography: United States, United Kingdom, India

Investor stats

  • Total investments: 155
  • Round size: Series A $6M–$30M; Series B $3M–$126M
  • Lead/follow: 33% lead, 67% follow

Portfolio highlights

  • Kespry — Firmatek provides end-to-end insights for heavy industry through expert field services, drone mapping, and software that turns data into confident decisions.
  • ElectronX — ElectronX is an electricity demand grows and the grid rapidly shifts to intermittent renewable energy sources.
  • Innowatts — Innowatts is a data analytics and energy transition leader who uses energy usage data, insights and best-in-class machine learning to help energy retailers and utilities from around the world manage their grids, profitability, customer relationships and sustainability goals in a digitalizing, decarbonizing, and electrifying world. To date, theInnowatts eUtility™ technology platform has leveraged data from more than 34 million meters to help energy providers ensure grid reliability, anticipate trends, secure profitability, and promote sustainability — advancing and creating a more personalized energy experience for their customers. For more information, please visit www.innowatts.com.
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The 51 Ventures
VC Fund · Calgary, Alberta, Canada · 4 investments in Canada Impact startups

Women-powered capital building the Financial Feminist Economy.

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Investment focus

  • Industry: Information Technology, Health Care, Fashion
  • Stage:Seed, Grant, Pre-Seed
  • Geography: Canada, United States

Investor stats

  • Total investments: 57
  • Round size: Seed $731k–$3.8M; Pre-Seed $655k–$1.6M
  • Lead/follow: 18% lead, 82% follow
  • Last fund: Likely still investing — fund raised in 2023

Portfolio highlights

  • NLPatent — Accelerate productivity and uncover hidden insights with NLPatent's intuitive AI-powered patent research platform.
  • Coral — Coral is a virtual care clinic that provides evidence-based, personalized support for perimenopause and menopause, weight loss and longevity.
  • Sprout Family — Sprout Family is a digital concierge service based in Canada, focusing on assisting individuals and families on their journey to build a family. The company offers a range of services tailored to personal family-building needs, including insurance and employee benefit funds. With a team of 10 employees, Sprout Family aims to provide comprehensivesupport and resources for Canadians looking to navigate the complexities of family planning and growth. The platform offers users the ability to access their Sprout benefits online, ensuring a seamless and supportive experience.
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Earth Foundry
VC Fund · Chicago, Illinois, United States · 4 investments in Canada Impact startups

We back today's most promising energy & cleantech innovators, and engage the world's leading companies to help build and scale. Our approach merges venture capital and an arsenal of essential tools and relationships to help you quickly achieve success.

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Investment focus

  • Industry: Energy, Software, Internet of Things
  • Stage:Seed, Series B
  • Geography: United States, Canada

Investor stats

  • Total investments: 34
  • Lead/follow: no public data

Portfolio highlights

  • 3E Nano — Transform your windows and other transparent barriers with NxLite's innovative coatings on glass and lightweight polymers.
  • Recurve — We're connecting the dots between efficiency, electrification, renewable energy, and DERs to enable demand flexibility to become a market-based procurable resource.
  • Polystyvert — Notre technologie permet de collecter facilement le polystyrène et de le recycler pour le remettre sous sa forme originale. Du polystyrène recyclé d'aussi bonne qualité que du neuf !
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Fonds de solidarité FTQ
VC Fund · Montréal, Quebec, Canada · 4 investments in Canada Impact startups

Fonds de solidarité FTQ is a private equity and venture capital firm specializing in investments in start-ups, early venture, mergers, business acquisitions, management buyouts, market development project or a buyout, financing for new programs, organic growth and cash flow, growth and expansion financings, development capital, business succession,financial restructuring, business transition financing, family and non-family buyout, consolidations, turnaround, and leveraged management buyouts. It also invests in new markets, product and business line developments, market diversification, interim financings, new product marketing, additional working capital, purchase of tangible and intangible assets, equipment modernization, equipment purchases or upgrades, and integrator projects. The firm has regional funds that do not invest in retail, real estate, farming, biotechnology, and financial services. Fonds de solidarité FTQ invests in small and medium-sized businesses. It typically invests in export projects, forest products, productivity improvement, natural resources, aerospace, agri-food, wood, pulp and paper, chemicals, construction and construction materials, printing, transportation equipment and automobiles, transportation services, furniture and fixtures, combinatorial chemistry and other lead generating technologies, mining and exploration, social economy, textiles, plastics, life sciences, business services, telecommunications, distribution and consumer goods, environment, equipment and machinery, financial services, information and communication technology, metal products, recreational tourism, and culture sectors. Within the culture sector, Fonds de solidarité FTQ seeks to invest in pre-production and creative projects, production projects, infrastructures and services, post-production projects, distribution, and broadcasting and multiplatform broadcasting. Within the environment sector, it invests in waste management and energy conversion for residual waste; air treatment and reduction of greenhouse gas emissions; processes to reduce industrial energy and water consumption; water treatment; and soil rehabilitation and decontamination (metals and organic compounds). Within the life sciences sector, Fonds de solidarité FTQ focuses on services for the biopharmaceutical industry; nutraceuticals and cosmeceuticals; diagnostics and medical supplies and equipment; biopharmaceuticals and generic drugs; biotechnology, and animal health. Within the tourism sector, it focuses on urban tourism, nature tourism, resort type tourism, and local tourism for Quebecers, and in the textiles sector it invests in companies engaged in development and production of specialty textiles as well as development of industrial applications for the construction, transportation, health and safety, and work apparel industries. Fonds de solidarité FTQ prefers to invest in Quebec and in companies impacting the Québec economy. It focuses on investing in the following regions- Abitibi –Témiscamingue, Bas Saint Laurent, Chaudière-Appalaches, Côte-Nord, Estrie, Gaspésie Îles-de-la-Madeleine, Lanaudière, Laurentides, Laval, Mauricie - Centre-du-Québec, Montérégie, Nord-du-Québec, Outaouais, and Saguenay-Lac-St-Jean. Fonds de solidarité FTQ seeks to invest in projects of $3 million or more and also provides loans of up to $ 2 million. It invests in companies in business succession sector having minimum capitalization of $500,000 and EBITDA of over $35.5 million in case of majority interest; equipment and machinery sector with average investment in excess of $3 million; environment sector with funding needs of more than $500000; financial services sector having net assets between $20 million and $50 million in equity; metal products sector having annual sales of over $5 million and financing needs of at least $2 million; and printing sector having investment needs of over $1 million. In the information technology sector, Fonds de solidarité FTQ seeks to invest $2 million as initial investments while total investments can be more than $10 million. It invests in the form of equity financing (common or preferred shares) and unsecured debt requiring no collateral (debenture). Fonds de solidarité FTQ can take both a minority interest including an equity stake of up to 49 percent as well a majority interest in its portfolio companies in case of business succession financing. It seeks a minority stake for the portfolio companies in the equipment and machinery sector. It typically holds its investments for a period of five to ten years in case of equity financing and for more than ten years in case of business succession financing. Fonds de solidarité FTQ began operation on June 23, 1983. It has its headquarters in Montreal in Canada with additional offices in the same city and Quebec in the same country.

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Investment focus

  • Industry: Manufacturing, Biotechnology, Software
  • Stage:Series A, Series B
  • Geography: Canada, United States, Israel

Investor stats

  • Total investments: 180
  • Lead/follow: no public data

Portfolio highlights

  • Flare — Flare equips your team to shut down cybercrime before it escalates. Detect, prioritize, and remediate external cyber threats with automated Threat Exposure Management.
  • Rustica Foods — Rustica Foods is a family-run business that has become an industry leader in the production of authentic Italian products, but our story began long before that. Their name is recognized for our distinguished pizzas, frozen pizzas, and focaccias. Rustica Foods serves four principal market segments.
  • TTI Air Conditioning Heating — TTI Air Conditioning Heating is a wholesaler of air conditioning and heating products for photovoltaic solar panels and central heat pumps.
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GrowthWorks Capital
VC Fund · Vancouver, British Columbia, Canada · 4 investments in Canada Impact startups

Invest in our experienceGrowthWorks* offers you more: more accountability, more experience and more proven know-how to make the most of your investment.A principled approach to adding valueOver the last 20 years, we've built GrowthWorks into one of Canada's venture capital management companies. We've done that by managingfunds that rigorously follow core principles: structure strategic investments in growth-oriented companies, value portfolio assets conservatively, build vital industry connections and minimize risk through diversification. It's a simple formula that delivers powerful results.Regional know-how. National ReachAt GrowthWorks, we offer regionally based retail venture capital funds (RVCs) right across Canada.GrowthWorks specializes in the management of and growth of regionally based venture capital funds. The funds under management include the following RVCs: Working Opportunity Fund, GrowthWorks Commercialization Fund and GrowthWorks Atlantic Venture Fund.Partners in performanceWe have specialized teams in each of our core sectors to identify and structure investments in potential winners. These skilled teams also help create success by helping the companies that GrowthWorks managed funds invest in to grow with strategic management support and advice. This way, the companies get guidance from experienced leaders. In turn, the funds’ investors know that these companies receive direction to help them thrive.

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Investment focus

  • Industry: Software, Biotechnology, Health Care
  • Stage:Series B, Series A
  • Geography: Canada, United States, United Kingdom

Investor stats

  • Total investments: 115
  • Lead/follow: no public data

Portfolio highlights

  • Spotta — Spotta's smart pest systems help pest control monitor and identify pests. Solutions for hospitality, care homes, agriculture, farming and forestry.
  • ClearRisk — Our easy-to-use risk management software increases productivity, creates differentiation, and adds a simple and efficient process to manage risk!
  • HIGHLINEvc — HIGHLINE is a Pre-Seed investor & Acceleration Platform that helps digital startups get follow-on capital, backed by leading VCs with offices in Vancouver & Toronto.We believe in providing our founders with far more than capital. Yet unlike most accelerators, we have no rigid start/end dates throughout the year. By joining theHIGHLINE family, you get to call on us for advice on an ongoing basis, gain access to our premium network and monthly founder events. We’ll do our best to help with fundraising challenges and partner with incubators to help deliver specialized programming.
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Real Ventures
VC Fund · Montréal, Quebec, Canada · 4 investments in Canada Impact startups

Real Ventures is an early-stage venture firm focused on serving daring entrepreneurs with the ambition to create successful, global companies. Since 2007, Real Ventures has dedicated itself to building the Canadian startup ecosystem on the belief that people, not money, build game-changing companies. Real Ventures provides stage-specific guidance,mentorship, and access to networks and resources to fast-track founders’ personal and company growth. Real Ventures manages $325 million across five funds and its active portfolio of 100+ companies is currently valued at $10 billion. www.realventures.com

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Investment focus

  • Industry: Software, Artificial Intelligence, Machine Learning
  • Stage:Seed, Series A, Series B
  • Geography: Canada, United States, United Kingdom

Investor stats

  • Total investments: 208
  • Round size: Seed $650k–$5M; Series A $2.2M–$22M; Series B $2.8M–$50M
  • Lead/follow: 16% lead, 84% follow
  • Last fund: May invest from a new fund soon — raised $132M in 2017

Portfolio highlights

  • Fletch — Fletch - the cybersecurity answer engine. Get ahead and stay ahead of cyber threats.
  • BenchSci — BenchSci is the world leader in AI-Assisted Reagent Selection and Experiment Design. Our preclinical R&D SaaS platform uses machine learning to help pharmaceutical companies increase their research velocity.
  • Nord Quantique — Nord Quantique creates quantum processors based on second-generation technology.
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Natural Resources Canada
VC Fund · Ottawa, Ontario, Canada · 4 investments in Canada Impact startups

Natural Resources Canada is a company of resources and information about the protection of natural land and water.

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Investment focus

  • Industry: Energy, Non Profit, Manufacturing
  • Stage:Grant, Post-IPO Equity, Series A
  • Geography: Canada, United States, Norway

Investor stats

  • Total investments: 84
  • Round size: Grant $160k–$3.5M; Post-IPO Equity $589k–$5M
  • Lead/follow: 90% lead, 10% follow

Portfolio highlights

  • Hydro-Quebec
  • Intelligent City — Intelligent City delivers turn-key, prefabricated, mass timber urban housing that is sustainable, affordable and livable.
  • Shell Canada — Learn more about Shell Canada, find the nearest gas station or car wash, get air miles with a BMO MasterCard or start a job search.
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NBIF’s Venture Capital Fund
VC Fund · Fredericton, New Brunswick, Canada · 4 investments in Canada Impact startups

Our Venture Capital Fund provides New Brunswick start-ups with the seed investment they need to rapidly grow and delivery their products to customers.

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Investment focus

  • Industry: Software, Information Technology, Machine Learning
  • Stage:Seed, Pre-Seed
  • Geography: Canada, United States

Investor stats

  • Total investments: 14
  • Round size: Seed $25k–$512k; Pre-Seed $37k–$731k
  • Lead/follow: 50% lead, 50% follow

Portfolio highlights

  • CareerBeacon — Find new job opportunities across Canada on CareerBeacon. Browse through thousands of job openings from leading employers. Find your ideal fit today.
  • Sonrai Security — Secure cloud and enterprise privileged access with IAM solutions and identity security tools that protect users and data while helping teams deploy faster. Request a demo today.
  • Drinkable — At Drinkable we're passionate about water autonomy. We believe everyone has the right to know what's in their water, so they have the agency to manage their own risks. We've harnessed that passion into the worlds first effortless, affordable, and accurate handheld testing device, that detects drinking water contamination with thepress of a button. With a simple thumbs up/down display you'll know within seconds if your water requires further attention. You can pair our device with your smart phone to receive an expanded contamination report, risk profile, and a treatment plan that's tailored just for you.
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Ecofuel Fund
VC Fund · 3 investments in Canada Impact startups

Ecofuel is a venture capital fund specialized in cleantech startups. Ecofuel Fund invests smart money in startups that develop and commercializes clean technologies.

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Investment focus

  • Industry: Manufacturing, Telecommunications, Semiconductor
  • Stage:Seed, Series A
  • Geography: Canada

Investor stats

  • Total investments: 20
  • Lead/follow: no public data

Portfolio highlights

  • HaiLa Technologies Inc. — HaiLa's ultra-low power RF technology paves the way for battery-free operation of wireless IoT sensors and devices.
  • POTLOC — Potloc is a consumer research company, extracting consumer insights by targeting respondents by interest or location on the social networks consumers trust.
  • Tengiva — All-inclusive digital solutions for textiles: B2B distribution, sourcing, and data management.
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BDC Capital Corporation
VC Fund · Wakefield, Massachusetts, United States · 3 investments in Canada Impact startups

BDC Capital can customize a financing plan to meet the needs of you and your business, whether your need is $100,000 or $5 million.

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Investment focus

  • Industry: Software, E-Commerce, Internet
  • Stage:Series A, Seed
  • Geography: Canada, United States, United Kingdom

Investor stats

  • Total investments: 64
  • Lead/follow: no public data

Portfolio highlights

  • Muse — Muse is an immersive meditation device that provides real-time feedback on your mental activity, heart rate, breathing, and body movements to help you build a consistent meditation practice.
  • Miovision — Miovision Technologies provides software and hardware that significantly improves its clients' cost-structure and accuracy.Backed by the world’s most advanced traffic AI, our innovations in traffic signal planning and operations have made it possible for cities to improve the transportation experience for drivers, cyclists, and pedestrianssince 2005.Miovision develops intelligent technology solutions to address the challenges facing today's global transportation network and to minimize the environmental impacts of inefficient transportation flow. With offices in Kitchener, Canada and Cologne, Germany, Miovision serves over 17,000 municipalities worldwide.
  • Mobi724 Global Solutions — MOBI724 Global Solutions is a fintech leader in digital incentives (Card-Linked Offers, mobile couponing & loyalty rewards) and payment solutions (including mobile payment). The company is fully dedicated to deliver unique “real time” and seamless digital promotional incentives (Card-Linked Offers, Loyalty Rewards and Coupons), providingclients with full and comprehensive traceability, real time messaging, business intelligence and enriched consumer data.Its solutions enable card issuers, banks and retailers to create, manage, deliver, and “track & measure” incentive campaigns worldwide, and allow their redemption at ANY point of sale.MOBI724’s PCI & EMV switch, with its robust technology and device agnostic connectivity, simplifies deployment, integration and introduces new payment and couponing solutions to the market and a new tool to monetize data insights.Issuers’ goals of enabling cardholders to have friction-free purchasing experiences anywhere and accelerating the use of their payment cards, can be greatly enhanced by using MOBI724’s Card-Linked Offer platform, solutions and expertise.
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Clean Energy Venture Group
VC Fund · Brookline, Massachusetts, United States · 3 investments in Canada Impact startups

CEVG is an angel investor collective that invest in and mentors early-stage cleantech and climatetech startups across North America.

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Investment focus

  • Industry: Energy, Renewable Energy, Manufacturing
  • Stage:Series A, Seed
  • Geography: United States, Canada

Investor stats

  • Total investments: 65
  • Lead/follow: no public data

Portfolio highlights

  • PeakSyncer — PeakSyncer, a product of Zhong Xi Group, LLC, is an AI-powered cloud platform that offers a comprehensive solution for utilities aiming to optimize their energy management systems through advanced technology. The platform focuses on demand response programs, utilizing artificial intelligence to automate and streamline the management of peak energyloads. PeakSyncer has focused on creating cutting-edge solutions in cloud computing and AI integration. The company positions itself as a leader in the energy management sector, working on delivering reliable, user-friendly solutions that adapt to the evolving needs of energy grids. With dedicated support and 24/7 monitoring, PeakSyncer aims to empower utilities to modernize their operations and optimize resource usage effectively.With PeakSyncer, the company addresses a critical business need for seamless data synchronization across platforms such as ERP, CRM, and other essential business software. The platform’s key advantage is its ability to adapt to dynamic data patterns, learning from past syncs to continuously improve syncing accuracy and efficiency.PeakSyncer is designed to be scalable and easily integrates with existing utility infrastructure, ensuring a smooth implementation process. The platform not only helps utilities meet regulatory requirements but also supports them in creating a sustainable energy ecosystem by engaging customers in demand response initiatives, made possible by AI algorithms that analyze and anticipate potential data issues before they disrupt business processes.
  • Cala Systems — Discover Cala, the innovative heat pump water heater that customizes heating to your lifestyle. Save money, reduce your carbon footprint, and enjoy easy installation with Cala. Reserve yours today and experience efficient, eco-friendly hot water tailored to your needs.
  • Electrified Thermal Solutions — Electrified Thermal Solutions, Inc. is developing the Joule Hive: a new energy storage technology that converts surplus zero-carbon electricity into heat.
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Enbridge
VC Fund · Calgary, Alberta, Canada · 3 investments in Canada Impact startups

Enbridge is a Canadian Company that has a significant and growing involvement in natural gas gathering, and transmission. They have been included in the Global 100 Most Sustainable Corporations in the World ranking for the past five years. Enbridge owns and operates Canada's largest natural gas distribution company, and provides distributionservices in Ontario, Quebec, New Brunswick, and New York State. As a generator of energy, Enbridge has interests in 1,700 megawatts of renewable and alternative energy generating capacity and is expanding its interests in wind and solar energy and geothermal.Enbridge employs more than 10,000 people, primarily in Canada and the U.S. and is ranked as one of Canada's Greenest Employers and one of Canada's Top 100 Employers for 2013. Enbridge's common shares trade on the Toronto and New York stock exchanges under the symbol ENB.Enbridge operates, in Canada and the U.S., the world's longest crude oil and liquids transportation system.

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Investment focus

  • Industry: Energy, Manufacturing, Oil and Gas
  • Stage:Series C, Series B
  • Geography: Canada, United States, Japan

Investor stats

  • Total investments: 16
  • Round size: Series B $9.8M–$10M; Series C $10M–$31M
  • Lead/follow: 56% lead, 44% follow

Portfolio highlights

  • Divert — Divert is a circular economy company on a mission to prevent food from being wasted. We make social and environmental impact by creating sustainable infrastructure and innovative technologies that help prevent food from being wasted.
  • Flyscan — Energy companies: our technology is a major asset in protecting the integrity of your pipelines and right-of-ways.
  • Coffee Cherry — Coffee Cherry upcycles leftover coffee cherries to coffee flour for bakery products like cookies, chocolates, and chocolate beverages.
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Fika Ventures
VC Fund · Los Angeles, California, United States · 3 investments in Canada Impact startups

Investing in subject matter experts using their earned insight to shape the future of their industries. We lead with our values and build trust through action.

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Investment focus

  • Industry: Software, Information Technology, Financial Services
  • Stage:Seed, Series A, Series B
  • Geography: United States, Canada, South Korea

Investor stats

  • Total investments: 126
  • Round size: Seed $2M–$10M; Series A $8M–$21M; Series B $20M–$50M
  • Lead/follow: 24% lead, 76% follow
  • Last fund: Likely actively investing — fund raised in 2024

Portfolio highlights

  • Chowbus — Chowbus POS is the all-in-one restaurant POS system trusted by top US restaurants. Save on labor, grow your business, and get 24/7 customer support.
  • Upwards — Every day, Upwards matches thousands of families with daycares, nannies, babysitters, preschools, and caregivers that provide safe, affordable, high-quality child care.
  • Elementary — The world's best manufacturers trust Elementary to improve quality, maximize yield, and gain valuable insights from real-time production quality data.
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