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Top 50 InsurTech Startup Investors in Canada (October 2026)

The most active venture capital funds and angel investors investing in Canada InsurTech startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Canada InsurTech startup companies. Find investors to raise a Pre-Seed, Seed or Series A round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
Real Ventures
VC Fund
6 Canada, United States, Australia Seed, Series A, Series B Software, Artificial Intelligence, Machine Learning $592k–$47M
Impression Ventures
VC Fund
5 Canada, United States Seed, Series A, Series B Financial Services, FinTech, Software $1.4M–$52M
Luge Capital
VC Fund
5 Canada, United States, United Kingdom Seed, Series A, Series B Financial Services, FinTech, InsurTech $1.2M–$30M
Westdale Properties
VC Fund
4 Canada Seed, Series A Finance, InsurTech, Insurance
HCS Capital
VC Fund
4 Chile, Israel, United States Seed, Series A, Venture - Series Unknown Insurance, InsurTech, Artificial Intelligence $500k–$18M
CIBC Innovation Banking
VC Fund
3 United States, Canada, United Kingdom Debt Financing, Venture - Series Unknown, Private Equity Software, SaaS, Artificial Intelligence $2.2M–$52M
Archangel Network of Funds
VC Fund
3 Canada, United States Seed, Pre-Seed, Venture - Series Unknown Health Care, Software, Medical Device $10k–$19M
SiriusPoint
VC Fund
3 United States, Canada Seed, Series A, Series C Insurance, InsurTech, Financial Services $2.5M–$118M
FUSE
VC Fund
3 United States, Canada, United Kingdom Seed, Series A, Series B Software, Artificial Intelligence, Information Technology $2M–$32M
GreenSky Ventures
VC Fund
3 Canada, United States, United Kingdom Seed, Venture - Series Unknown, Series A Software, Information Technology, Artificial Intelligence $708k–$12M
Mistral Venture Partners
VC Fund
3 Canada, United States Seed, Series A, Pre-Seed Software, SaaS, Artificial Intelligence $534k–$15M
GrowthWorks Capital
VC Fund
3 Canada, United States, United Kingdom Series B, Series A Software, Biotechnology, Health Care $1.6M–$21M
Panache Ventures
VC Fund
3 Canada, United States, Israel Seed, Pre-Seed, Series A Software, Artificial Intelligence, Information Technology $713k–$20M
MaRS Investment Accelerator Fund
VC Fund
3 Canada, United States Seed, Pre-Seed, Series A Software, Analytics, Artificial Intelligence $375k–$14M
N49P
VC Fund
3 Canada, United States, Jamaica Seed, Pre-Seed, Series A Software, Artificial Intelligence, SaaS $593k–$20M
Defined
VC Fund
2 United States, Canada, Norway Seed, Series A, Pre-Seed Software, Artificial Intelligence, Machine Learning $2.5M–$65M
Team Ignite Ventures
VC Fund
2 United States, Canada, India Seed, Pre-Seed, Series A Artificial Intelligence, Software, SaaS $300k–$25M
National Bank of Canada
VC Fund
2 Canada, United States, Spain Post-IPO Debt, Debt Financing, Series B Energy, Renewable Energy, Mining $3.8M–$474M
Ferst Capital Partners - FCP
VC Fund
2 Canada, United States, Germany Seed, Series A Software, Financial Services, FinTech $500k–$7.6M
BDC Venture Capital
VC Fund
2 Canada, United States, United Kingdom Seed, Series A, Venture - Series Unknown Software, Information Technology, Artificial Intelligence $387k–$40M
NAventures
VC Fund
2 Canada, United States, Israel Series A, Series B, Seed FinTech, Financial Services, Artificial Intelligence $2M–$100M
Tactico
VC Fund
2 Canada, United States Venture - Series Unknown, Seed, Series A Financial Services, FinTech, Finance $2.8M–$7.6M
M12 - Microsoft's Venture Fund
VC Fund
2 United States, Israel, United Kingdom Series A, Series B, Series C Software, Artificial Intelligence, Machine Learning $7M–$125M
Connecticut Innovations
VC Fund
2 United States, Israel, Canada Seed, Series A, Series B Health Care, Biotechnology, Software $150k–$75M
ManchesterStory Group
VC Fund
2 United States, Canada, Mexico Series A, Seed, Series B Insurance, InsurTech, Financial Services $2M–$100M
Aviso Ventures
VC Fund
2 United States, Canada Seed, Pre-Seed, Angel Software, Cyber Security, Artificial Intelligence $1.5M–$14M
Don Fox
Angel
2 Canada Seed, Pre-Seed FinTech, Finance, InsurTech
Inovia Capital
VC Fund
2 Canada, United States, United Kingdom Seed, Series A, Series B Software, Artificial Intelligence, FinTech $1M–$65M
Business Development Bank of Canada
VC Fund
2 Canada, United States, Nigeria Venture - Series Unknown, Seed, Debt Financing Software, Information Technology, Manufacturing $100k–$78M
Diagram Ventures
VC Fund
2 Canada, United States, Spain Seed, Series A, Pre-Seed Financial Services, Software, FinTech $474k–$19M
Struck Capital
VC Fund
2 United States, Canada, Mexico Seed, Series A, Series B Software, SaaS, Information Technology $2M–$51M
C2 Ventures
VC Fund
2 United States, Canada, Finland Seed, Pre-Seed, Series A Software, Artificial Intelligence, Information Technology $256k–$18M
Neil Mitchell
Angel
2 Canada Seed, Pre-Seed FinTech, Finance, InsurTech
Joe Canavan
Angel
2 Canada Seed, Pre-Seed FinTech, Finance, InsurTech
Orbit Ventures
VC Fund
2 China, United States, India Seed, Pre-Seed, Convertible Note E-Commerce, Software, Artificial Intelligence $30k–$20M
Good News Ventures
VC Fund
2 Canada, United States, Cyprus Seed, Pre-Seed, Venture - Series Unknown Software, Information Technology, Artificial Intelligence $150k–$3.6M
2048 Ventures
VC Fund
2 United States, Canada, United Kingdom Pre-Seed, Seed, Series A Artificial Intelligence, Software, Health Care $615k–$17M
Ripple Ventures
VC Fund
2 Canada, United States Seed, Pre-Seed, Series A Software, Artificial Intelligence, SaaS $300k–$25M
Nicolas Bouchard
Angel
2 Canada Seed, Pre-Seed FinTech, Finance, InsurTech
Yoshua Bengio
Angel
2 Canada, United States, France Seed, Pre-Seed, Series A Artificial Intelligence, Software, Health Care $1.5M–$40M
WI Harper Group
VC Fund
1 United States, Taiwan, China Series A, Seed, Series B Software, Health Care, Biotechnology $1.4M–$41M
Mohsen Moazami
Angel
1 United States, Canada Seed, Series A, Series B Software, Analytics, Big Data $1M–$17M
Leaders Fund
VC Fund
1 United States, Canada, Israel Seed, Series A, Series B Software, SaaS, Information Technology $1.6M–$100M
Sharon Ludlow
Angel
1 Canada Seed InsurTech, Insurance, Developer APIs
Axis Insurance Managers Inc
VC Fund
1 Canada Series A Mobile, InsurTech, Insurance
Clocktower Technology Ventures
VC Fund
1 United States, Brazil, Mexico Seed, Series A, Series B FinTech, Financial Services, Software $2M–$86M
Four Cities Capital
VC Fund
1 United States, United Kingdom, Canada Seed, Series A Software, FinTech, Financial Services
SOSV
VC Fund
1 United States, India, United Kingdom Seed, Convertible Note, Pre-Seed Biotechnology, Health Care, Software
BMO Capital Markets
VC Fund
1 Canada, United States, Australia Post-IPO Equity, Debt Financing, Post-IPO Debt Mining, Precious Metals, Energy $5M–$3.4B
Innovation Grade Capital
VC Fund
1 Canada Seed, Series A Software, Machine Learning, News $1.5M–$2M
Access all 222 investors in Canada InsurTech startups.

Access 48,091 investors

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

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Investor list

Real Ventures
VC Fund · Montréal, Quebec, Canada · 6 investments in Canada InsurTech 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, Australia

Investor stats

  • Total investments: 303
  • Round size: Seed $592k–$5M; Series A $3.7M–$24M; Series B $2.9M–$47M
  • Lead/follow: 17% lead, 83% follow
  • Last fund: May invest from a new fund soon — raised $140M in 2017

Portfolio highlights

  • Axya — Axya is a procurement execution platform for manufacturers. Use AI to run sourcing, purchase orders, and supplier follow-up alongside your ERP.
  • DropGenie — DropGenie is building connected hardware to automate gene editing. They are accelerating the pace of discovery through the generation of standardized and compatible scientific information.
  • Nord Quantique — Nord Quantique creates quantum processors based on second-generation technology.
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Impression Ventures
VC Fund · Toronto, Ontario, Canada · 5 investments in Canada InsurTech startups

VC firm focused on investing in FinTech and related technology companies.

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Investment focus

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

Investor stats

  • Total investments: 40
  • Round size: Seed $1.4M–$6M; Series A $4M–$17M; Series B $20M–$52M
  • Lead/follow: 43% lead, 57% follow
  • Last fund: Likely still investing — raised $64M in 2022

Portfolio highlights

  • 401GO — 401GO administers 401(k) plans for business of all sizes and helps them to run their business smoothly. From a single to thousands of employees. Ongoing administration is automated with payroll integrations while compliance, government filings, notifications, and all other responsibilities are handled by the company.
  • Secludy — GraphReplica replaces the sensitive PII entities in your data with realistic synthetic data, so AI teams can build and governance teams can approve.
  • Juno — Tax prep automation built by a CPA who was sick of 60-hour tax seasons. Juno automates tax prep, review, workpapers, and advisory for modern firms.
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Luge Capital
VC Fund · Montréal, Quebec, Canada · 5 investments in Canada InsurTech startups

Luge Capital is a fintech focused venture capital fund, investing in early-stage teams shaping the way the world experiences financial services. We are an experienced team with value added investors and a deep industry network to help founders build successful companies.

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Investment focus

  • Industry: Financial Services, FinTech, InsurTech
  • Stage:Seed, Series A, Series B
  • Geography: Canada, United States, United Kingdom

Investor stats

  • Total investments: 42
  • Round size: Seed $1.2M–$5.7M; Series A $4.8M–$13M; Series B $20M–$30M
  • Lead/follow: 43% lead, 57% follow
  • Last fund: Likely still investing — raised $71M in 2024

Portfolio highlights

  • Cybrid — The Cybrid software development kit & cloud-based platform can enable you to launch crypto trading within weeks, for minimal fees. Save millions in headcount, legal, and operational costs, compared to building your own platform from scratch.
  • Geolava — Geolava delivers machine reasoning about properties and infrastructure; not just what exists, but what it means, and what comes next.
  • Mycroft — Mycroft is the platform that serves as your virtual Security and Compliance officer, consolidating all your security needs, supported by experts.
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Westdale Properties
VC Fund · Toronto, Ontario, Canada · 4 investments in Canada InsurTech startups

Westdale Properties is owns, manages and developes real estate across North America.

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Investment focus

  • Industry: Finance, InsurTech, Insurance
  • Stage:Seed, Series A
  • Geography: Canada

Investor stats

  • Total investments: 4
  • Lead/follow: 25% lead, 75% follow

Portfolio highlights

  • PolicyMe — Online, affordable term life insurance. Simple application. Backed by Canadian Premier Life Insurance. No obligation. Same-day coverage.
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HCS Capital
VC Fund · Miami, Florida, United States · 4 investments in Canada InsurTech startups

We partner with individuals and corporations to invest in technology - driven companies across Latam, North America and Israel.

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Investment focus

  • Industry: Insurance, InsurTech, Artificial Intelligence
  • Stage:Seed, Series A, Venture - Series Unknown
  • Geography: Chile, Israel, United States

Investor stats

  • Total investments: 27
  • Round size: Seed $1.5M–$12M; Series A $500k–$18M; Venture - Series Unknown $700k–$2M
  • Lead/follow: 52% lead, 48% follow
  • Last fund: May invest from a new fund soon — raised $10M in 2017

Portfolio highlights

  • Octup — Elevate your e-commerce business with our comprehensive E-commerce Operations Platform. Streamline processes, boost efficiency, and drive sales growth!
  • AutoPipe — AutoPipe is an AI-powered platform that automates cloud architecture, proposal generation, and solution documents for IT consulting firms and system integrators.
  • RedCapital — Plataforma de financiamiento digital
Show all investments...

CIBC Innovation Banking
VC Fund · Toronto, Ontario, Canada · 3 investments in Canada InsurTech startups

We serve innovators and their investors with startup lending, venture debt and specialized fund finance solutions. Backed by 25+ years funding the innovation economy.

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Investment focus

  • Industry: Software, SaaS, Artificial Intelligence
  • Stage:Debt Financing, Venture - Series Unknown, Private Equity
  • Geography: United States, Canada, United Kingdom

Investor stats

  • Total investments: 144
  • Round size: Debt Financing $2.2M–$45M; Private Equity $7.3M–$52M; Venture - Series Unknown $4.3M–$40M
  • Lead/follow: 88% lead, 12% follow
  • Last fund: Likely still investing — raised $1.5B in 2022

Portfolio highlights

  • EnsoData — The future of sleep diagnostics demands scalable, connected intelligence across the entire sleep care journey
  • Modo Energy — Energy market data, benchmarking, and projections. All in one place and backed by Modo Energy insights.
  • ContactMonkey — ContactMonkey is an internal communications software to send, track and improve employee emails, newsletters, SMS and Teams posts from Outlook or Gmail.
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Archangel Network of Funds
VC Fund · Kitchener, Ontario, Canada · 3 investments in Canada InsurTech startups

Archangel is the overarching early stage investment fund based in Waterloo Region, the North Silicon Valley of North America.

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Investment focus

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

Investor stats

  • Total investments: 69
  • Round size: Seed $10k–$3.8M; Pre-Seed $700k–$1.6M; Venture - Series Unknown $1.6M–$19M
  • Lead/follow: 6% lead, 94% follow
  • Last fund: May invest from a new fund soon — raised $10M in 2021

Portfolio highlights

  • myStoria — Backed by fertility doctors. Built by patients, for patients. Track symptoms, manage diagnoses, get advice, and start moving forward.
  • Streamforge — Streamforge helps companies find the most relevant creators for their games and products using the most sophisticated platform and technology on the market.
  • TimeSmart.AI — Streamline your healthcare contracts and timesheet management system with TimeSmart.AI. Optimize contract lifecycles and stay compliant with the best tool for hospitals and healthcare organizations.
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SiriusPoint
VC Fund · Hamilton, Hamilton, Bermuda · 3 investments in Canada InsurTech startups

With $2.9 billion total capital, we are a fast-moving, responsive partner, that combines disciplined underwriting and risk management with pioneering ideas. SiriusPoint Ltd.

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Investment focus

  • Industry: Insurance, InsurTech, Financial Services
  • Stage:Seed, Series A, Series C
  • Geography: United States, Canada

Investor stats

  • Total investments: 22
  • Round size: Seed $2.5M–$14M; Series A $5M–$18M; Series C $28M–$118M
  • Lead/follow: 36% lead, 64% follow

Portfolio highlights

  • LuckyTruck — LuckyTruck | We're here to help! Buy commercial trucking insurance and manage it through one seamless platform. Get started now
  • Joyn Insurance — Joyn Insurance is a Managing General Agency that underwrites commercial insurance in the Small and Middle Markets.
  • Player’s Health — With a mission to create the safest environments for sports players, Players Health provides digital risk management tools and insurance solutions to sports organizations.
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FUSE
VC Fund · Seattle, Washington, United States · 3 investments in Canada InsurTech startups

FUSE exists to help founders do more, be more, succeed...more.

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Investment focus

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

Investor stats

  • Total investments: 72
  • Round size: Seed $2M–$16M; Series A $8M–$20M; Series B $17M–$32M
  • Lead/follow: 54% lead, 46% follow
  • Last fund: Likely still investing — raised $2.9M in 2024

Portfolio highlights

  • Gone — Gone is a goods redistribution platform that offers free pickup of gently used household products.
  • Harell Data — Harell gives the machine learning teams access to datasets they need to solve the hardest problems in computational medicine.
  • Prosper Medical — Prosper Medical is a telemedicine platform that connects members with physicians for personalized healthcare services.
Show all investments...

GreenSky Ventures
VC Fund · Toronto, Ontario, Canada · 3 investments in Canada InsurTech 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, GreenSky Accelerator 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, Artificial Intelligence
  • Stage:Seed, Venture - Series Unknown, Series A
  • Geography: Canada, United States, United Kingdom

Investor stats

  • Total investments: 66
  • Round size: Seed $708k–$3.3M; Series A $1.1M–$4.5M; Venture - Series Unknown $709k–$12M
  • Lead/follow: 70% lead, 30% follow
  • Last fund: Likely still investing — raised $117k in 2024

Portfolio highlights

  • Derapi — Derapi is a universal API for distributed energy resource (DER) devices, including solar, battery storage, EV chargers, smart thermostats, heat pumps, and other behind-the-meter loads. Derapi unlocks the full value of DERs by removing bottlenecks related to data integration, reducing data infrastructure costs and speeding time to market for DERsoftware developers, DER device manufacturers, and others in the DER ecosystem.
  • GridBank — Enhance Your Social Media Engagement And Following With Stunning User-Generated Videos. Access A Wide Range Of Royalty-Free Stock Videos For Various Themes Including Travel, Productivity, Aesthetic Backgrounds, And More
  • Trolley — Trolley is the best payouts platform for businesses needing to pay creators, musicians, artists, freelancers, or on-demand workers.
Show all investments...

Access 48,091 investors

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

Browse database — It's Free!
Mistral Venture Partners
VC Fund · Ottawa, Ontario, Canada · 3 investments in Canada InsurTech startups, 6 in the past 12 months

Mistral Venture Partners is a seed-stage venture capital firm that invests in early-stage technology companies. The firm invests in startups that solve critical business problems, regardless of the business model– enterprise software, B2B SaaS, marketplaces, etc. It also partners with founders who value experience, commitment, and the highest standards of integrity and respect.

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Investment focus

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

Investor stats

  • Total investments: 86
  • Round size: Seed $739k–$5.5M; Pre-Seed $534k–$2.5M; Series A $3.9M–$15M
  • Lead/follow: 28% lead, 72% follow
  • Last fund: May invest from a new fund soon — raised $40M in 2020

Portfolio highlights

  • thri5 — Thri5 develops software that connects retail data, people, and AI agents through a System of Actions. The platform monitors sales, margin, inventory, availability, and other operational data to identify exceptions and opportunities. It prioritizes signals, assigns ownership, coordinates workflows across retail teams, and supports execution through copilots and automation. The system also provides traceability and measures outcomes such as sales, margin, and inventory accuracy.
  • Ultimarii — Ultimarii is an AI based technology company that accelerates and streamline complex and large project across various industries.
  • Backboard.io — Backboard is an AI compute efficiency lab building the infrastructure that makes intelligence faster, more affordable, and more widely available.
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GrowthWorks Capital
VC Fund · Vancouver, British Columbia, Canada · 3 investments in Canada InsurTech startups

Invest in our experience GrowthWorks* offers you more: more accountability, more experience and more proven know-how to make the most of your investment. A principled approach to adding value Over the last 20 years, we've built GrowthWorks into one of Canada's venture capital management companies. We've done that by managing funds 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 Reach At 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 performance We 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: 116
  • Round size: Series A $1.6M–$16M; Series B $3.2M–$21M
  • Lead/follow: 15% lead, 85% follow
  • Last fund: May invest from a new fund soon — last raise in 2006

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 the HIGHLINE 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. [Growlab Ventures](https://www.crunchbase.com/organization/growlab-ventures) and [Extreme Startups](https://www.crunchbase.com/organization/extreme-startups) have merged to create HIGHLINEvc as of August 2014.
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Panache Ventures
VC Fund · Montréal, Quebec, Canada · 3 investments in Canada InsurTech startups, 9 in the past 12 months

Canada's leading nationwide pre-seed venture fund.

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Investment focus

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

Investor stats

  • Total investments: 161
  • Round size: Seed $912k–$6M; Pre-Seed $713k–$2.5M; Series A $6.3M–$20M
  • Lead/follow: 14% lead, 86% follow
  • Last fund: Likely still investing — raised $100M in 2022

Portfolio highlights

  • Biossil — Biossil is an applied AI drug discovery platform to create specialized treatments for distinct patients.
  • Nord Quantique — Nord Quantique creates quantum processors based on second-generation technology.
  • Daedal Systems — Daedal Systems delivers instrumentation integration and contract development services for the clean tech nuclear sector. The company focuses on fusion energy and small modular reactor projects that require specialized plasma and reactor diagnostics. Its teams design and integrate diagnostic suites that provide parametric, temporal, and spatial coverage of plasma behavior to support measurement and validation. Offerings include neutron-hardened instrumentation, temperature sensing, and coolant analysis tailored for next-generation nuclear systems. Daedal Systems supports reactor developers by acting as an outsourced partner for diagnostics architecture so customers can concentrate on core power plant systems. The company also provides neutronics modeling and engineering services for both fission and fusion hardware design.
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MaRS Investment Accelerator Fund
VC Fund · Toronto, Ontario, Canada · 3 investments in Canada InsurTech startups, 8 in the past 12 months

Working with Ontario talent to develop World Class Companies Learn More

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Investment focus

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

Investor stats

  • Total investments: 180
  • Round size: Seed $375k–$4M; Pre-Seed $409k–$1.5M; Series A $2.3M–$14M
  • Lead/follow: 17% lead, 83% follow
  • Last fund: May invest from a new fund soon — raised $8.5M in 2014

Portfolio highlights

  • thri5 — Thri5 develops software that connects retail data, people, and AI agents through a System of Actions. The platform monitors sales, margin, inventory, availability, and other operational data to identify exceptions and opportunities. It prioritizes signals, assigns ownership, coordinates workflows across retail teams, and supports execution through copilots and automation. The system also provides traceability and measures outcomes such as sales, margin, and inventory accuracy.
  • 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.
  • Daedal Systems — Daedal Systems delivers instrumentation integration and contract development services for the clean tech nuclear sector. The company focuses on fusion energy and small modular reactor projects that require specialized plasma and reactor diagnostics. Its teams design and integrate diagnostic suites that provide parametric, temporal, and spatial coverage of plasma behavior to support measurement and validation. Offerings include neutron-hardened instrumentation, temperature sensing, and coolant analysis tailored for next-generation nuclear systems. Daedal Systems supports reactor developers by acting as an outsourced partner for diagnostics architecture so customers can concentrate on core power plant systems. The company also provides neutronics modeling and engineering services for both fission and fusion hardware design.
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N49P
VC Fund · Toronto, Ontario, Canada · 3 investments in Canada InsurTech startups, 7 in the past 12 months

N49P is a venture capital firm focused on ideas to seed-stage Canadian technology startups.

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Investment focus

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

Investor stats

  • Total investments: 98
  • Round size: Seed $1M–$7.5M; Pre-Seed $593k–$3.6M; Series A $4.6M–$20M
  • Lead/follow: 11% lead, 89% follow
  • Last fund: Likely actively investing — fresh fund, raised $13M in 2025

Portfolio highlights

  • Dessn — Turn your production codebase into a collaborative design canvas and ship merge-ready product work.
  • thri5 — Thri5 develops software that connects retail data, people, and AI agents through a System of Actions. The platform monitors sales, margin, inventory, availability, and other operational data to identify exceptions and opportunities. It prioritizes signals, assigns ownership, coordinates workflows across retail teams, and supports execution through copilots and automation. The system also provides traceability and measures outcomes such as sales, margin, and inventory accuracy.
  • Orbits — Orbits is a family-focused home management platform that simplifies household tasks, schedules, and everyday organization.
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Defined
VC Fund · Vancouver, Alberta, Canada · 2 investments in Canada InsurTech startups, 7 in the past 12 months

A venture capital firm empowering founders shaping the AI Frontier, where data, humans and AI come together to solve problems in radically new ways.

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Investment focus

  • Industry: Software, Artificial Intelligence, Machine Learning
  • Stage:Seed, Series A, Pre-Seed
  • Geography: United States, Canada, Norway

Investor stats

  • Total investments: 22
  • Round size: Seed $2.8M–$8.4M; Pre-Seed $2.5M–$3.5M; Series A $4.5M–$65M
  • Lead/follow: 5% lead, 95% follow

Portfolio highlights

  • Mueon — semiconductor-based systems for AI and hyperscale computing
  • Inner Logic — The development infrastructure for the next generation of procedural devices.
  • Channel Robotics — Channel Robotics is a developer of AI-powered miniature robotic systems for advanced endoscopic surgery.
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Team Ignite Ventures
VC Fund · California City, California, United States · 2 investments in Canada InsurTech startups, 19 in the past 12 months

We're experienced operators helping to ignite and scale startups

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Investment focus

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

Investor stats

  • Total investments: 297
  • Round size: Seed $1M–$6.3M; Pre-Seed $300k–$1.5M; Series A $17M–$25M
  • Lead/follow: 0% lead, 100% follow
  • Last fund: Likely still investing — raised $760k in 2024

Portfolio highlights

  • JustAI — An AI-first modern enterprise marketing stack that sets you in an always-on, set-and-forget motion. Increase your experimentation velocity and keep your team lean! Say goodbye to manual campaign management.
  • Resolv — AI for the trades that follows through: one number for customer calls and texts, connected to organized jobs, proposals, rebates, permits, and warranties.
  • Herd Security — Herd trains your people on the attacks actually reaching them, coaches the ones who need it, and reports how their risk level moved across the quarter. It runs inside Slack and Teams, built from your own policies.
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National Bank of Canada
VC Fund · Calgary, Alberta, Canada · 2 investments in Canada InsurTech startups, 19 in the past 12 months

Simplify your finances with our services including bank accounts, mortgages, credit cards, savings, and loans. Access your accounts with 24/7 online banking.

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Investment focus

  • Industry: Energy, Renewable Energy, Mining
  • Stage:Post-IPO Debt, Debt Financing, Series B
  • Geography: Canada, United States, Spain

Investor stats

  • Total investments: 142
  • Round size: Series B $7M–$120M; Post-IPO Debt $4M–$474M; Debt Financing $3.8M–$458M
  • Lead/follow: 47% lead, 53% follow

Portfolio highlights

  • Blee — Blee assists fast-growing enterprises in establishing and operating worldwide subsidiaries. Founded in 2022.
  • Vox Royalty — Returns focussed mining royalty company enabled by intellectual property, technical team, and global sourcing networks. NASDAQ: VOXR | TSX: VOXR
  • EDF Power solutions — EDF power solutions NA | Building Sustainable Wind & Solar Power Solutions in North America | Renewable Energy Careers & Jobs
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Ferst Capital Partners - FCP
VC Fund · Montréal, Quebec, Canada · 2 investments in Canada InsurTech startups

Ferst Capital Partners (FCP) is a private investment firm which invests in venture capital, private equity, public markets, sector-focused funds and crypto assets. We have an interest and expertise in consumer fintech, digital assets and search funds.

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Investment focus

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

Investor stats

  • Total investments: 23
  • Round size: Seed $500k–$2.4M; Series A $3.6M–$7.6M
  • Lead/follow: 35% lead, 65% follow

Portfolio highlights

  • Chexy — Let your rent elevate your lifestyle. Chexy is the new standard for paying rent. We believe that tenants should be able to pay rent digitally and flexibly while building credit and earning rewards.
  • auticon — auticon is the first German company to exclusively employ autistic people as software testers and offer their services (Software-Tests) on the free market. This innovative approach gives the client the advantage of special high-quality workmanship.
  • North One — NorthOne is an online Business Account with built-in features to make business banking fast and easy. No overdraft fees. No minimum balance. No hidden fees.
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BDC Venture Capital
VC Fund · Calgary, Alberta, Canada · 2 investments in Canada InsurTech 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 strong Canadian 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:Seed, Series A, Venture - Series Unknown
  • Geography: Canada, United States, United Kingdom

Investor stats

  • Total investments: 585
  • Round size: Seed $387k–$4.5M; Series A $2.7M–$21M; Venture - Series Unknown $1.4M–$40M
  • Lead/follow: 24% lead, 76% follow
  • Last fund: Likely still investing — raised $500M in 2022

Portfolio highlights

  • WhatsNexx — Sujintoto adalah situs slot online yang memberikan pelayanan deposit yang sat set dan withdraw cepet selama 24 jam
  • Optosecurity — PAX CHECKPOINT combines automated screening lanes with a screening software to create a fully integrated checkpoint solution.
  • Gemin X Pharmaceuticals — Own Geminx.com today. Secure checkout and guided transfer support. No hidden fees.
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NAventures
VC Fund · Montréal, Quebec, Canada · 2 investments in Canada InsurTech startups, 6 in the past 12 months

We invest in startups and developing compagnies and support them every step of the way to ensure their success.

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Investment focus

  • Industry: FinTech, Financial Services, Artificial Intelligence
  • Stage:Series A, Series B, Seed
  • Geography: Canada, United States, Israel

Investor stats

  • Total investments: 45
  • Round size: Seed $2M–$3.7M; Series A $4.9M–$37M; Series B $8M–$100M
  • Lead/follow: 22% lead, 78% follow

Portfolio highlights

  • Nesto — LOW FROM THE GET GO. With nesto's exclusive mortgage solution, score the lowest rate on your first try! New mortgage - Mortgage Renewal / Refinance.
  • Sardine — Solve risk, compliance, and payments with one powerful API.
  • Multiverse Computing — World leaders in quantum computing for the financial industry. The first quantum & quantum-inspired toolbox for finance.
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Tactico
VC Fund · Montréal, Quebec, Canada · 2 investments in Canada InsurTech startups

Tactico Inc. - A Venture Capital Firm

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Investment focus

  • Industry: Financial Services, FinTech, Finance
  • Stage:Venture - Series Unknown, Seed, Series A
  • Geography: Canada, United States

Investor stats

  • Total investments: 8
  • Round size: Series A $4.8M–$7.6M; Venture - Series Unknown $2.8M–$7.6M
  • Lead/follow: 25% lead, 75% follow

Portfolio highlights

  • helloDarwin — helloDarwin helps Canadian businesses obtain grants, tax credits, and government loans through expert grant consulting, grant writing, and funding software
  • Emma — Get the best life insurance quotes in Canada. Prices start at $8/month. No medical exam. Buy whole or term life insurance and protect your loved ones now.
  • ProNavigator — ProNavigator provides an AI-driven knowledge-sharing platform, used by some of the largest insurance organizations, to save time, provide superior service, and seize revenue opportunities. The platform leverages advancements in artificial intelligence and natural language understanding to instantly and automatically retrieve answers tocustomers' and employees' questions.
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M12 - Microsoft's Venture Fund
VC Fund · San Francisco, California, United States · 2 investments in Canada InsurTech startups

M12 - Microsoft’s venture fund, invests in early-stage enterprise software companies with a focus on AI, cloud infrastructure, cybersecurity, developer tools, vertical SaaS, and Web3/Gaming. Since 2016, M12 has invested in over 100 companies, helping startups accelerate growth with unparalleled access to Microsoft.

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Investment focus

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

Investor stats

  • Total investments: 356
  • Round size: Series A $7M–$50M; Series B $14M–$75M; Series C $18M–$125M
  • Lead/follow: 30% lead, 70% follow

Portfolio highlights

  • Stuut — Improve DSO and reduce your outstanding cash balance with AI agents that power workflows from invoice creation through cash application.
  • Arcee AI — Learn how Arcee helps you build your own LLMs in your own cloud.
  • Reach Security — Close the gap between security investment and outcomes. Reach is the unified platform that helps you save time, maximize your tools, and reduce complexity.
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Connecticut Innovations
VC Fund · Rocky Hill, Connecticut, United States · 2 investments in Canada InsurTech startups

At Connecticut Innovations, we see venture capital the way you see your business. Like no one else. We invest in innovative biotech, IT, and other industries.

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Investment focus

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

Investor stats

  • Total investments: 315
  • Round size: Seed $150k–$5.3M; Series A $1.8M–$25M; Series B $1.8M–$75M
  • Lead/follow: 30% lead, 70% follow
  • Last fund: Likely still investing — raised $50M in 2023

Portfolio highlights

  • CloudSEK — CloudSEK leverages contextual AI to predict and prevent cyber threats. Keep your organisation safe and secure.
  • NovaTract Surgical — NovaTract Surgical is a development stage company, intends to develop medical devices to address the rapidly growing field of Single Incision Laparoscopic Surgery (SILS) and Natural Orifice Transluminal Endoscopic Surgery (NOTES). The company was incorporated in 2010 and is based in Guilford, Connecticut.
  • Axerion Therapeutics — Axerion Therapeutics, Inc. is a private Connecticut-based biotechnology company focused on developing innovative therapeutics for neurological diseases and injuries with significant unmet medical need, including Alzheimer’s disease and spinal cord injury.Axerion was established in New Haven to develop and commercialize intellectual propertylicensed from Dr. Stephen Strittmatter’s laboratory at Yale University. Axerion’s proprietary technology platforms include blockers of ß-amyloid (Aß) oligomers binding to Prion Proteins (PrP) on the cell surface of neurons as a novel therapeutic target for Alzheimer’s disease and Nogo Receptor decoy protein for recovery of neurological function in spinal cord injury and other neurological diseases.
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ManchesterStory Group
VC Fund · West Des Moines, Iowa, United States · 2 investments in Canada InsurTech startups

Looking for partners to fuel growth in financial services, healthcare, and insurance? Our strategic capital can help. Join us in changing the game.

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Investment focus

  • Industry: Insurance, InsurTech, Financial Services
  • Stage:Series A, Seed, Series B
  • Geography: United States, Canada, Mexico

Investor stats

  • Total investments: 53
  • Round size: Seed $2M–$7.5M; Series A $4M–$18M; Series B $24M–$100M
  • Lead/follow: 51% lead, 49% follow
  • Last fund: May invest from a new fund soon — raised $81M in 2019

Portfolio highlights

  • Xcaliber — Xcaliber provides a digital health platform that automates healthcare data tasks using AI agents. The platform supports integration across various healthcare systems, including EHRs, APIs, and clinical data. It offers agents for data management, workflow automation, and compliance tasks, with customizable options for different healthcare needs. Theplatform ensures secure data access, governance, and traceability while supporting both technical and non-technical teams through APIs and natural language interfaces.
  • When Insurance — Discover affordable COBRA health insurance alternatives for organizations seeking to minimize COBRA expenses and simplify offboarding.
  • Flora — Flora Fertility is dedicated to empowering the next generation of parents by putting the control of reproductive health outcomes back where they belongs—in your hands. It aims to revolutionize how women's health and family building are approached, making fertility care more accessible, transparent, and personalized. By reimagining thefinancial and medical aspects of family planning, we help you navigate the journey to parenthood with greater confidence, ease, and support, ensuring that your fertility choices align with your personal goals and circumstances.
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Aviso Ventures
VC Fund · 2 investments in Canada InsurTech startups

Aviso Ventures operates as an investment firm.

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Investment focus

  • Industry: Software, Cyber Security, Artificial Intelligence
  • Stage:Seed, Pre-Seed, Angel
  • Geography: United States, Canada

Investor stats

  • Total investments: 15
  • Round size: Seed $1.5M–$14M; Pre-Seed $3.3M–$4.2M
  • Lead/follow: 7% lead, 93% follow

Portfolio highlights

  • Flete — Flete is a SaaS company that offers a fleet management solutions.
  • Certiv — Complete visibility and control over every AI agent locally installed on the endpoint. Discover, understand, and safeguard every AI action across your organization.
  • Platformr — Accelerate AWS cloud migration & automate cloud infrastructure and AWS workload environments with a secure, flexible platform following best practices.
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Don Fox
Angel · 2 investments in Canada InsurTech startups

Don Fox, former executive vice president at Intact.

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Investment focus

  • Industry: FinTech, Finance, InsurTech
  • Stage:Seed, Pre-Seed
  • Geography: Canada

Investor stats

  • Total investments: 2
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • YouSet — Compare and buy home and car insurance from top Canadian insurers in less than 4 minutes, online with YouSet.
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Inovia Capital
VC Fund · Montréal, Quebec, Canada · 2 investments in Canada InsurTech startups

We support entrepreneurs at every stage of their journey and build technology companies that generate a positive impact on society.

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Investment focus

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

Investor stats

  • Total investments: 420
  • Round size: Seed $1M–$8.3M; Series A $2.3M–$20M; Series B $5M–$65M
  • Lead/follow: 37% lead, 63% follow
  • Last fund: Likely still investing — raised $300M in 2024

Portfolio highlights

  • Modem — Modem gives your whole team one living record of what customers said, what you're building, and what shipped. Connect any agent, or use ours.
  • TicketIQ — Buy authentic sports tickets, concert tickets, and theater tickets for your favorite live events at TicketIQ.
  • Branch Energy — A tech-powered, green energy provider focused on helping consumers reduce their energy bills and carbon footprints
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Business Development Bank of Canada
VC Fund · Montréal, Quebec, Canada · 2 investments in Canada InsurTech 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:Venture - Series Unknown, Seed, Debt Financing
  • Geography: Canada, United States, Nigeria

Investor stats

  • Total investments: 362
  • Round size: Seed $300k–$5M; Debt Financing $100k–$78M; Venture - Series Unknown $500k–$40M
  • Lead/follow: 44% lead, 56% follow
  • Last fund: Likely still investing — raised $50M in 2023

Portfolio highlights

  • 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.
  • Vimy Forge — Vimy Forge is a public-private partnership that aims to bridge the gap between defense procurement and Canadian innovation.
  • TickTrade Systems — smartTrade Technologies is a leading global provider with multi-asset electronic trading platforms, helping buy-side & sell-side institutions
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Diagram Ventures
VC Fund · Montréal, Quebec, Canada · 2 investments in Canada InsurTech startups, 8 in the past 12 months

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: 52
  • Round size: Seed $1.7M–$7.9M; Pre-Seed $474k–$2.6M; Series A $3.3M–$19M
  • Lead/follow: 46% lead, 54% follow
  • Last fund: Likely still investing — raised $80M in 2023

Portfolio highlights

  • Indemni — Verify drivers, monitor shipments, and preserve delivery evidence with Indemni. Built for freight brokers, shippers, and 3PLs.
  • Curant.ai — Curant.ai helps experienced teams turn claim files and operational queues into review-ready insights with human oversight.
  • SweetAg — SweetAg provides a cloud-based software platform for agricultural lenders, offering digital loan origination, servicing, and capital markets tools. The platform supports farm loan applications, AI-powered document and data collection, and bank-specific product matching based on eligibility criteria. It includes white-labeled borrower portals forloan management, renewals, and credit requests, as well as loan trading and syndication capabilities for financial institutions. Landjourney emphasizes regulatory compliance by incorporating automated reporting and controls aligned with frameworks such as Section 1071 and other financial regulations. Its products are used by banks, non-bank lenders, retailers, and investors focused on agricultural finance.
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Struck Capital
VC Fund · Santa Monica, California, United States · 2 investments in Canada InsurTech startups

Founder-First Capital for Innovative Entrepreneurs who want to Change the World.

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Investment focus

  • Industry: Software, SaaS, Information Technology
  • Stage:Seed, Series A, Series B
  • Geography: United States, Canada, Mexico

Investor stats

  • Total investments: 110
  • Round size: Seed $2M–$5.2M; Series A $4.1M–$17M; Series B $11M–$51M
  • Lead/follow: 16% lead, 84% follow
  • Last fund: Likely still investing — raised $15M in 2022

Portfolio highlights

  • Crystil — Crystil helps AI teams cut costs, track LLM spending, improve security, and protect margins as usage scales.
  • Salt AI — Deploy AI workflows that stay inside your infrastructure. Governed, auditable, and model-agnostic from day one. Built for life sciences, financial services, energy, and government.
  • Topanga.io — We enable businesses and institutions to launch and manage reusable packaging programs.
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C2 Ventures
VC Fund · New York, New York, United States · 2 investments in Canada InsurTech startups

Bridging the gap between founders and capital through content, connections and experience.

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Investment focus

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

Investor stats

  • Total investments: 106
  • Round size: Seed $1M–$5M; Pre-Seed $256k–$2.3M; Series A $5M–$18M
  • Lead/follow: 7% lead, 93% follow
  • Last fund: Likely still investing — raised $20M in 2022

Portfolio highlights

  • Cylerity — Transform healthcare receivables into real-time capital. Cylerity unlocks cash flow, clarity, and control from claims data. See how it works.
  • Discernis — Home | Discernis AI-Native Discovery
  • Beagle Labs — AI driven SaaS platform for infrastructure inspections.
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Neil Mitchell
Angel · 2 investments in Canada InsurTech startups

Neil Mitchell, former managing director at Marsh

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Investment focus

  • Industry: FinTech, Finance, InsurTech
  • Stage:Seed, Pre-Seed
  • Geography: Canada

Investor stats

  • Total investments: 2
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • YouSet — Compare and buy home and car insurance from top Canadian insurers in less than 4 minutes, online with YouSet.
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Joe Canavan
Angel · 2 investments in Canada InsurTech startups

Joe Canavan, principal of Canavan Capital

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Investment focus

  • Industry: FinTech, Finance, InsurTech
  • Stage:Seed, Pre-Seed
  • Geography: Canada

Investor stats

  • Total investments: 2
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • YouSet — Compare and buy home and car insurance from top Canadian insurers in less than 4 minutes, online with YouSet.
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Orbit Ventures
VC Fund · Singapore, Central Region, Singapore · 2 investments in Canada InsurTech startups, 32 in the past 12 months

Orbit helps scale breakthrough startups from around the globe across emerging and frontier markets.

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Investment focus

  • Industry: E-Commerce, Software, Artificial Intelligence
  • Stage:Seed, Pre-Seed, Convertible Note
  • Geography: China, United States, India

Investor stats

  • Total investments: 577
  • Round size: Seed $100k–$2M; Pre-Seed $100k–$1M; Convertible Note $30k–$20M
  • Lead/follow: 73% lead, 27% follow
  • Last fund: Likely still investing — fund raised in 2024

Portfolio highlights

  • i4TECH — Modular, scalable, fully managed manufacturing digital solutions that enable your AI adoption. Moving Industry 4.0 forwards with a unified, comprehensive data driven approach
  • Qanary — Qanary is a digital second-opinion platform designed to help radiologists detect cancer at its earliest, most treatable stages.
  • openmed — OpenMed provides digital healthcare services, telemedicine, pharmacy products, diagnostics, and medication delivery.
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Good News Ventures
VC Fund · Toronto, Ontario, Canada · 2 investments in Canada InsurTech startups

We invest in founders who are driven to push the limits of what is possible

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Investment focus

  • Industry: Software, Information Technology, Artificial Intelligence
  • Stage:Seed, Pre-Seed, Venture - Series Unknown
  • Geography: Canada, United States, Cyprus

Investor stats

  • Total investments: 74
  • Round size: Seed $414k–$3.6M; Pre-Seed $150k–$2.7M; Venture - Series Unknown $750k–$750k
  • Lead/follow: 8% lead, 92% follow
  • Last fund: May invest from a new fund soon — last raise in 2021

Portfolio highlights

  • Reddio — The fastest Ethereum-compatible Layer 2 with GPU-powered Parallel EVM and ZK Proofs for AI, gaming, and real-time applications.
  • Spiky.AI — Spiky.ai delivers real-time coaching, CRM sync, and multilingual AI insights to boost sales performance and streamline meetings.
  • Pipeshift — Pipeshift is a modular orchestration platform for building with open-source AI components—embeddings, vector databases, LLMs, vision models, and audio models—across any cloud or on-premise. Enterprises get to deploy their AI workloads in production faster and more reliably.
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2048 Ventures
VC Fund · New York, New York, United States · 2 investments in Canada InsurTech startups, 13 in the past 12 months

We back visionary founders who are building technologies of the future. 2048 Ventures is a thesis-driven earliest stage venture capital firm. We are founders, experienced operators, nerds and dreamers obsessed with the future. We've backed over 200 startups and have the experience and conviction to lead your pre-seed or seed round. We get you and your vision before others. We are systems thinkers, engineers, and product junkies. We think about the future non-stop and are ready to understand and back you before anyone else. When we decide to invest, we write you a check and then help you close the rest of the round. We lead rounds with high conviction, and write $500K - $2M checks.

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Investment focus

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

Investor stats

  • Total investments: 216
  • Round size: Seed $1.5M–$6.5M; Pre-Seed $615k–$2.7M; Series A $8M–$17M
  • Lead/follow: 67% lead, 33% follow
  • Last fund: Likely actively investing — fresh fund, raised $82M in 2026

Portfolio highlights

  • Zeroset — Zeroset is an applied artificial intelligence research company that develops AI technologies and software products. The company conducts research in AI systems and builds tools for autonomous agents, including memory management infrastructure. It develops AI software designed to support agent performance and long-term information retention.
  • Aslan Protects — America's adversaries faded into a digital domain that humans alone could never follow. Aslan builds what can.
  • TwoStep Therapeutics — TwoStep Therapeutics is developing novel tumor-targeting therapeutics for solid tumors.
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Ripple Ventures
VC Fund · Toronto, Ontario, Canada · 2 investments in Canada InsurTech startups

Investing the first cheques into exceptional people solving interesting problems at inception.

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Investment focus

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

Investor stats

  • Total investments: 59
  • Round size: Seed $1M–$6.3M; Pre-Seed $300k–$2.2M; Series A $8M–$25M
  • Lead/follow: 39% lead, 61% follow
  • Last fund: May invest from a new fund soon — raised $10M in 2020

Portfolio highlights

  • Blank Bio — AI foundation models for RNA. Helping pharma teams identify the right patients for clinical trials and predict disease progression.
  • Katalyze AI — Katalyze connects documents and system data across pharma operations into source-grounded context, then applies governed agentic solutions to work on it.
  • Daedal Systems — Daedal Systems delivers instrumentation integration and contract development services for the clean tech nuclear sector. The company focuses on fusion energy and small modular reactor projects that require specialized plasma and reactor diagnostics. Its teams design and integrate diagnostic suites that provide parametric, temporal, and spatial coverage of plasma behavior to support measurement and validation. Offerings include neutron-hardened instrumentation, temperature sensing, and coolant analysis tailored for next-generation nuclear systems. Daedal Systems supports reactor developers by acting as an outsourced partner for diagnostics architecture so customers can concentrate on core power plant systems. The company also provides neutronics modeling and engineering services for both fission and fusion hardware design.
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Nicolas Bouchard
Angel · 2 investments in Canada InsurTech startups

Nicolas Bouchard, founder of DuProprio.

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Investment focus

  • Industry: FinTech, Finance, InsurTech
  • Stage:Seed, Pre-Seed
  • Geography: Canada

Investor stats

  • Total investments: 2
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • YouSet — Compare and buy home and car insurance from top Canadian insurers in less than 4 minutes, online with YouSet.
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Yoshua Bengio
Angel · Montréal, Quebec, Canada · 2 investments in Canada InsurTech startups

Yoshua Bengio (PhD in CS, McGill University, 1991), post-docs at M.I.T. (Michael Jordan) and AT&T Bell Labs (Yann LeCun), CS professor at Université de Montréal, Canada Research Chair in Statistical Learning Algorithms, NSERC Chair, CIFAR Fellow, member of NIPS foundation board and former program/general chair, co-created ICLR conference,authored two books and over 300 publications, the most cited being in the areas of deep learning, recurrent networks, probabilistic learning,natural language and manifold learning. He is among the most cited Canadian computer scientists and is or has been associate editor of the top journals in machine learning and neural networks.

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Investment focus

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

Investor stats

  • Total investments: 8
  • Round size: Seed $1.5M–$11M; Pre-Seed $1.5M–$2.5M; Series A $13M–$40M
  • Lead/follow: 13% lead, 87% follow

Portfolio highlights

  • Noetik — Noetik is an AI-native biotechnology company. Our mission is to leverage advanced machine learning methods to discover and develop cancer immunotherapies.
  • Entalpic — Entalpic helps industries use cutting-edge AI research to discover new materials and chemistry, enabling smarter and more sustainable industrial processes.
  • Reliant AI — Simplify the labor-intensive process of collecting, organizing, and inspecting vast amounts of complex data. Built for the life sciences. 100% confidence, every time.
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WI Harper Group
VC Fund · San Francisco, California, United States · 1 investments in Canada InsurTech startups

We take a diversified approach, investing in the early stage, across multiple sectors with our deep domain expertise.

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Investment focus

  • Industry: Software, Health Care, Biotechnology
  • Stage:Series A, Seed, Series B
  • Geography: United States, Taiwan, China

Investor stats

  • Total investments: 155
  • Round size: Seed $1.4M–$5M; Series A $2M–$21M; Series B $6M–$41M
  • Lead/follow: 23% lead, 77% follow
  • Last fund: May invest from a new fund soon — raised $174M in 2016

Portfolio highlights

  • Xsensio — Xsensio develops the unique Lab-on-Skin™​ sensing platform to sense in real-time biochemical information at the surface of the skin, providing unprecedented real-time information about our health and wellness, in a simple and non-invasive way.The Xsensio Lab-on-Skin™ sensing chip relies on a unique, highly-miniaturized sensing platform developedat the Nanolab of the Swiss Federal Institute of Technology. By leveraging semiconductor properties, our sensing platform unleashes a whole new set of possibilities in continuous health monitoring.
  • AdMaster — AdMaster (AdMaster精硕科技) is focused on domestic advertising, and is a third party provider of solutions for marketing massive data in China. It is also the key domestic independent third party of massive data management platform at present. AdMaster aims at helping advertisers to realize the monitoring and optimization of digital marketing effect aswell as improving the overall marketing ROI by technology-driven massive data perception research. AdMaster has a server cluster which processes more than 200 billion data and iterates more than 100 types of data models every month. The main research and service areas include digital marketing effect monitoring and researche, valuation and management of social media marketing effect, analysis and management of social big data, and more.
  • R+W — R+W is a global agency & startup incubator based in Hong Kong, Taipei, New York and Washington DC.
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Mohsen Moazami
Angel · San Francisco, California, United States · 1 investments in Canada InsurTech startups

Mohsen Moazami is the Founder and Managing Partner at Seif Capital. He attended Stanford University.

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Investment focus

  • Industry: Software, Analytics, Big Data
  • Stage:Seed, Series A, Series B
  • Geography: United States, Canada

Investor stats

  • Total investments: 18
  • Round size: Seed $1M–$2.5M; Series A $4.1M–$16M; Series B $1.8M–$17M
  • Lead/follow: 28% lead, 72% follow

Portfolio highlights

  • Tulip — Direct-to-consumer personal insurance
  • Graphdive — 100% satisfaction guaranteed. Hassle-free shopping. We help you find the right domain name.
  • Lydia.ai — Lydia AI uses alternative data to make life and health insurance personalized, easier to buy and more inclusive
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Leaders Fund
VC Fund · Toronto, Ontario, Canada · 1 investments in Canada InsurTech startups

Leaders Fund is a B2B software focused venture capital firm built by operators for operators. We partner with entrepreneurs to help them break through key inflection points on the path to $100M+ in ARR. Based in Toronto and Atlanta.

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Investment focus

  • Industry: Software, SaaS, Information Technology
  • Stage:Seed, Series A, Series B
  • Geography: United States, Canada, Israel

Investor stats

  • Total investments: 44
  • Round size: Seed $1.6M–$11M; Series A $9M–$50M; Series B $8.2M–$100M
  • Lead/follow: 30% lead, 70% follow
  • Last fund: May invest from a new fund soon — raised $100M in 2016

Portfolio highlights

  • Tangos Ai — Tangos Ai creates autonomous agents that reason, research, connect evidence, and produce audit-ready results for banks, financial institutions, and national security organizations.
  • Matia — Matia helps to improve data management by combining uniform ingestion, reverse ETL, observability, and cataloging. It is designed for frictionless collaboration, enabling organizations and the data teams that support them to make faster, smarter decisions with less tool bloat.
  • Upwind Security — Upwind Security creates and develops software and online tools that ensures security of cloud infrastructure. It manages runtime environments of the cloud platform.
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Sharon Ludlow
Angel · 1 investments in Canada InsurTech startups

Sharon Ludlow

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Investment focus

  • Industry: InsurTech, Insurance, Developer APIs
  • Stage:Seed
  • Geography: Canada

Investor stats

  • Total investments: 1
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Briza — Briza gives commercial insurance carriers broad digital distribution for their products with a single integration, connecting them to wholesalers, retailers, SaaS platforms.
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Axis Insurance Managers Inc
VC Fund · Vancouver, British Columbia, Canada · 1 investments in Canada InsurTech startups

Axis Insurance stands at the forefront of the insurance industry, drawing on decades of expertise and a forward-thinking approach.

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Investment focus

  • Industry: Mobile, InsurTech, Insurance
  • Stage:Series A
  • Geography: Canada

Investor stats

  • Total investments: 1
  • Lead/follow: no public data

Portfolio highlights

  • Goose Insurance Services — Mobile First B2C Insurance Platform
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Clocktower Technology Ventures
VC Fund · Santa Monica, California, United States · 1 investments in Canada InsurTech startups

Clocktower Technology Ventures is a Santa Monica-based venture capital business focused exclusively on financial technology.

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Investment focus

  • Industry: FinTech, Financial Services, Software
  • Stage:Seed, Series A, Series B
  • Geography: United States, Brazil, Mexico

Investor stats

  • Total investments: 231
  • Round size: Seed $2M–$9M; Series A $7M–$26M; Series B $20M–$86M
  • Lead/follow: 2% lead, 98% follow
  • Last fund: May invest from a new fund soon — raised $25M in 2021

Portfolio highlights

  • Caplight — Caplight is a platform that enables institutional investors to buy and sell derivatives of private equity.For the first time in the private markets, institutional investors can hedge positions, generate income on assets, and access true liquidity with public settlement-like mechanics.Caplight serves a broad range of QIBs including hedge funds,VC funds, family offices, pensions, endowments, mutual funds, and insurance firms.Securities are offered by North Capital Private Securities, member FINRA/SIPC, a partner of Caplight Markets LLC.
  • Bread Financial — Bread Financial offers personalized payment, lending, and savings solutions. They provide customers and partners with a wide range of digitally enabled options that are easy, empowered, and flexible financially. Their service includes credit card facility, loan options, and flexible payment options.
  • Matic Insurance — Matic is an independent insurance agency that works with multiple insurance carriers so that we can provide the best recommendation to you. This often results in the best policy and the best price.
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Four Cities Capital
VC Fund · Newton, Massachusetts, United States · 1 investments in Canada InsurTech startups

We partner with great teams and invest to help them grow.

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Investment focus

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

Investor stats

  • Total investments: 123
  • Lead/follow: no public data

Portfolio highlights

  • Shred Video — Shred Video, a new startup launching out of Y Combinator, allows users to take footage from their iPhone, GoPro or drone and simply match it with a song from the user’s iTunes library. That’s all. Shred Video does the rest of the work.Taking into account the acceleration of the camera itself, Shred Video can pin-point the moments of action forsurfers, snowboarders, skaters and other acceleration-based sports to highlight all of the coolest clips in your footage. And beyond that, Shred Video matches those epic moments with the beat-drop of the song.
  • Tenant Turner — Tenant Turner helps property managers eliminate vacancy.
  • Craftwork — Craftwork is a modern general contracting company that uses technology to simplify repair and renovation projects for homeowners.
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SOSV
VC Fund · Princeton, New Jersey, United States · 1 investments in Canada InsurTech 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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BMO Capital Markets
VC Fund · Toronto, Ontario, Canada · 1 investments in Canada InsurTech startups, 8 in the past 12 months

BMO Capital Markets is a leading, full-service financial services provider. We offer corporate and investment banking, treasury management, as well as rese

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Investment focus

  • Industry: Mining, Precious Metals, Energy
  • Stage:Post-IPO Equity, Debt Financing, Post-IPO Debt
  • Geography: Canada, United States, Australia

Investor stats

  • Total investments: 93
  • Round size: Post-IPO Debt $5M–$3.4B; Debt Financing $15M–$3.4B; Post-IPO Equity $10M–$219M
  • Lead/follow: 40% lead, 60% follow

Portfolio highlights

  • Lockton — From simple coverage reviews to fully-embedded risk management services, discover the many ways Lockton can help with your insurance needs across Europe
  • FDH Aero — Explore FDH Aero: The leading supply chain solutions partner for quality aerospace and defense parts. Local Teams, Local Inventory, Local Decision Making.
  • Payoneer — Whether you are a business owner, professional or freelancer, Payoneer offers you multiple ways to get paid online by international clients and global marketplaces
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Innovation Grade Capital
VC Fund · Toronto, Ontario, Canada · 1 investments in Canada InsurTech startups

Innovation Grade Capital is a provider of active guidance in key functional areas such as marketing, operations, business development.

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Investment focus

  • Industry: Software, Machine Learning, News
  • Stage:Seed, Series A
  • Geography: Canada

Investor stats

  • Total investments: 6
  • Round size: Seed $1.5M–$2M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • ACTO — ACTO is an omnichannel education platform for life sciences companies. ACTO is an AI-powered SaaS platform built for life sciences that uses mobile experiences and agency partnerships to give learners all the tools they need in one intuitive cross-platform app, and give leaders powerful admin tools with engagement data in one command center.
  • Bridgit — Bridgit is a leading provider of construction resource management software, helping construction teams optimize workforce planning and project delivery.
  • Fable — Accessibility platform powered by people with disabilities and expert-level accessibility services and training. Learn more about Fable.
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InsurTech Investor funding in Canada at a glance

Stats across 126 deals from 222 investors.

222
investors
in Canada InsurTech startups
126
deals
in Canada InsurTech startups
$1.7M
median round
in Canada InsurTech startups
27%
lead investors
lead at least one round
34%
Seed
most common funding stage
86/14
VC / Angel
share of investor count

Access all 222 investors in Canada InsurTech startups.

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