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Top 50 Machine Learning VC Funds & Investors in Canada (October 2026)

The most active venture capital funds investing in Canada Machine Learning startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Canada Machine Learning 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
42 Canada, United States, Australia Seed, Series A, Series B Software, Artificial Intelligence, Machine Learning $592k–$47M
BDC Venture Capital
VC Fund
26 Canada, United States, United Kingdom Seed, Series A, Venture - Series Unknown Software, Information Technology, Artificial Intelligence $387k–$40M
MaRS Investment Accelerator Fund
VC Fund
18 Canada, United States Seed, Pre-Seed, Series A Software, Analytics, Artificial Intelligence $375k–$14M
Inovia Capital
VC Fund
14 Canada, United States, United Kingdom Seed, Series A, Series B Software, Artificial Intelligence, FinTech $1M–$65M
Anges Quebec
VC Fund
14 Canada, United States, Spain Seed, Venture - Series Unknown, Angel Software, Health Care, Artificial Intelligence $376k–$8.5M
Panache Ventures
VC Fund
13 Canada, United States, Israel Seed, Pre-Seed, Series A Software, Artificial Intelligence, Information Technology $713k–$20M
Right Side Capital Management
VC Fund
13 United States, Canada, United Kingdom Pre-Seed, Seed, Convertible Note Software, Artificial Intelligence, SaaS $50k–$1.7M
New Brunswick Innovation Foundation
VC Fund
12 Canada, United States Seed, Venture - Series Unknown, Pre-Seed Software, Information Technology, Artificial Intelligence $35k–$3.5M
StandUp Ventures
VC Fund
10 Canada, United States Seed, Series A, Pre-Seed Software, SaaS, Artificial Intelligence $317k–$14M
Golden Ventures
VC Fund
10 Canada, United States, United Kingdom Seed, Series A, Series B Software, Artificial Intelligence, Information Technology $1.5M–$49M
Capital Angel Network
VC Fund
10 Canada, United States Seed, Angel, Pre-Seed Software, Information Technology, SaaS $10k–$2.7M
Differential Ventures
VC Fund
10 United States, Canada, Israel Seed, Series A, Pre-Seed Software, Artificial Intelligence, Machine Learning $300k–$21M
N49P
VC Fund
9 Canada, United States, Jamaica Seed, Pre-Seed, Series A Software, Artificial Intelligence, SaaS $593k–$20M
Radical Ventures
VC Fund
9 United States, Canada, United Kingdom Seed, Series A, Series B Artificial Intelligence, Software, Information Technology $2M–$200M
Toronto Innovation Acceleration Partners
VC Fund
9 Canada, United States Seed, Pre-Seed, Grant Health Care, Biotechnology, Software $13k–$8M
Desjardins Venture Capital
VC Fund
9 Canada, United States Venture - Series Unknown, Seed Software, Manufacturing, Information Technology $620k–$228M
Business Development Bank of Canada
VC Fund
8 Canada, United States, Nigeria Venture - Series Unknown, Seed, Debt Financing Software, Information Technology, Manufacturing $100k–$78M
VA Angels
VC Fund
8 Canada, United States, India Seed, Debt Financing, Convertible Note Health Care, Software, Information Technology $108k–$4.7M
Bluesky Equities
VC Fund
7 Canada, United States Seed, Series A, Series B Software, Information Technology, Analytics $500k–$43M
Fonds Innovexport
VC Fund
7 Canada Seed, Series A, Venture - Series Unknown Software, Artificial Intelligence, Machine Learning $936k–$11M
Mistral Venture Partners
VC Fund
7 Canada, United States Seed, Series A, Pre-Seed Software, SaaS, Artificial Intelligence $534k–$15M
Brightspark Ventures
VC Fund
7 Canada, United States Series A, Seed, Series B Software, SaaS, Machine Learning $1.8M–$30M
China Canada Angel Alliance
VC Fund
7 Canada, United States, China Seed, Angel, Series A Software, Information Technology, SaaS $1M–$5M
Everywhere Ventures
VC Fund
6 United States, United Kingdom, Australia Seed, Pre-Seed, Series A Software, Health Care, Artificial Intelligence $250k–$20M
Two Small Fish Ventures
VC Fund
6 Canada, United States Seed, Series A, Venture - Series Unknown Software, Artificial Intelligence, E-Commerce $2M–$25M
Craft Ventures
VC Fund
6 United States, Canada, Germany Seed, Series A, Series B Software, Artificial Intelligence, Information Technology $1.9M–$120M
M12 - Microsoft's Venture Fund
VC Fund
6 United States, Israel, United Kingdom Series A, Series B, Series C Software, Artificial Intelligence, Machine Learning $7M–$125M
BDC Capital’s Women in Technology Venture Fund
VC Fund
6 Canada Series A, Series B, Venture - Series Unknown Software, Artificial Intelligence, SaaS $2.6M–$200M
Graphite Ventures
VC Fund
6 Canada, United States Seed, Series A, Pre-Seed Software, Health Care, Artificial Intelligence $729k–$31M
Export Development Canada
VC Fund
6 Canada, United States, United Kingdom Venture - Series Unknown, Debt Financing, Post-IPO Debt Software, Manufacturing, Energy $3.6M–$858M
GreenSky Ventures
VC Fund
5 Canada, United States, United Kingdom Seed, Venture - Series Unknown, Series A Software, Information Technology, Artificial Intelligence $708k–$12M
Innospark Ventures
VC Fund
5 United States, Canada, India Seed, Series A, Pre-Seed Artificial Intelligence, Software, Health Care $500k–$12M
First Star Ventures
VC Fund
5 United States, Canada, Israel Seed, Pre-Seed, Series A Software, Artificial Intelligence, Biotechnology $575k–$15M
CIBC Innovation Banking
VC Fund
5 United States, Canada, United Kingdom Debt Financing, Venture - Series Unknown, Private Equity Software, SaaS, Artificial Intelligence $2.2M–$52M
Georgian
VC Fund
5 United States, Canada, United Kingdom Series C, Series B, Series D Software, Information Technology, Artificial Intelligence $10M–$200M
Good News Ventures
VC Fund
5 Canada, United States, Cyprus Seed, Pre-Seed, Venture - Series Unknown Software, Information Technology, Artificial Intelligence $150k–$3.6M
Garage Capital
VC Fund
5 Canada, United States, Israel Seed, Series A, Pre-Seed Software, Information Technology, Artificial Intelligence $765k–$50M
Golden Triangle Angel Network
VC Fund
5 Canada, United States, China Angel, Seed, Grant Software, Health Care, Information Technology $400k–$2.4M
S28 Capital
VC Fund
5 United States, Canada, United Kingdom Seed, Series A, Series B Software, Information Technology, SaaS $1.5M–$56M
The W Fund
VC Fund
5 United States, Canada Seed, Series A, Pre-Seed Artificial Intelligence, FinTech, Machine Learning $100k–$35M
Archangel Network of Funds
VC Fund
5 Canada, United States Seed, Pre-Seed, Venture - Series Unknown Health Care, Software, Medical Device $10k–$19M
Government of Canada
VC Fund
5 Canada, United States, Kenya Grant, Debt Financing, Seed Non Profit, Manufacturing, Education $100k–$38M
Canada Media Fund
VC Fund
4 Canada Seed, Grant Mobile, Software, Virtual Reality $9k–$1.8M
Alumni Ventures
VC Fund
4 United States, United Kingdom, Canada Seed, Series A, Series B Software, Artificial Intelligence, Health Care $850k–$75M
Amplify Capital
VC Fund
4 Canada, United States, India Seed, Series A, Pre-Seed Health Care, Artificial Intelligence, Education $1.2M–$28M
Lerer Hippeau
VC Fund
4 United States, Canada, United Kingdom Seed, Series A, Series B Software, E-Commerce, Artificial Intelligence $1.3M–$42M
McRock Capital
VC Fund
4 Canada, United States, Spain Series A, Series B, Series C Software, Manufacturing, Information Technology $406k–$102M
iGan Partners
VC Fund
4 Canada, United States, Israel Seed, Series A, Venture - Series Unknown Health Care, Software, Medical $1.9M–$17M
Ripple Ventures
VC Fund
4 Canada, United States Seed, Pre-Seed, Series A Software, Artificial Intelligence, SaaS $300k–$25M
Hedgewood
VC Fund
4 Canada, United States, India Seed, Series A Health Care, Software, E-Commerce $725k–$17M
Access all 1042 VC funds in Canada Machine Learning startups.

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

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Investor list

Real Ventures
VC Fund · Montréal, Quebec, Canada · 42 investments in Canada Machine Learning 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: 302
  • Round size: Seed $592k–$5M; Series A $3.7M–$24M; Series B $2.9M–$47M
  • Lead/follow: 18% lead, 82% follow
  • Last fund: May invest from a new fund soon — raised $140M in 2017

Portfolio highlights

  • Axya — Optimize manufacturing procurement with Axya. Enhance visibility, streamline collaboration, and automate tasks. Say goodbye to spreadsheet chaos and email overload.
  • 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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BDC Venture Capital
VC Fund · Calgary, Alberta, Canada · 26 investments in Canada Machine Learning 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:Seed, Series A, Venture - Series Unknown
  • Geography: Canada, United States, United Kingdom

Investor stats

  • Total investments: 571
  • Round size: Seed $387k–$4.5M; Series A $2.7M–$21M; Venture - Series Unknown $1.5M–$40M
  • Lead/follow: 25% lead, 75% follow
  • Last fund: Likely still investing — raised $500M in 2022

Portfolio highlights

  • Cytochroma — Cytochroma is a clinical stage specialty pharmaceutical company that designs, develops and commercializes prescription products to treat and prevent the clinical consequences of vitamin D insufficiency and secondary hyperparathyroidism (SHPT) associated with chronic kidney disease (CKD). The Company has an advanced portfolio of new therapiesdesigned to safely and effectively treat patients with vitamin D insufficiency and SHPT associated with Stage 3, 4 or 5 CKD. In addition, Cytochroma is developing novel therapies to treat elevated blood phosphorus levels (hyperphosphatemia) in order to improve the control of SHPT in CKD patients.
  • LeddarTech — The leader in environmental sensing, fusion and perception for automotive and mobility, LeddarTech delivers actionable data for autonomous driving and ADAS.
  • Optosecurity — PAX CHECKPOINT combines automated screening lanes with a screening software to create a fully integrated checkpoint solution.
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MaRS Investment Accelerator Fund
VC Fund · Toronto, Ontario, Canada · 18 investments in Canada Machine Learning startups, 7 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: 177
  • Round size: Seed $375k–$4M; Pre-Seed $409k–$1.5M; Series A $2.3M–$14M
  • Lead/follow: 18% lead, 82% 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 to coordinate operational actions.
  • SELL IT9 — Get top cash for your tech with SELLIT9, Canada's trusted trade-in service. Free same-day pickups, convenient drop-off locations, and pre-paid shipping labels nationwide. Fast, secure, and hassle-free!
  • Daedal Systems — Daedal Systems delivers nuclear instrumentation, plasma diagnostics, and engineering services for fusion and small modular reactor projects.
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Inovia Capital
VC Fund · Montréal, Quebec, Canada · 14 investments in Canada Machine Learning 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 — Your dev team's auto-triage Product Manager
  • 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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Anges Quebec
VC Fund · Quebec, Quebec, Canada · 14 investments in Canada Machine Learning startups, 8 in the past 12 months

Value-added investors for innovative entrepreneurs.

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Investment focus

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

Investor stats

  • Total investments: 184
  • Round size: Seed $803k–$3.3M; Angel $376k–$1.3M; Venture - Series Unknown $915k–$8.5M
  • Lead/follow: 18% lead, 82% follow

Portfolio highlights

  • Scopia Surgical — Revolutionizing the operating room with our real-time artificial intelligence image processing technology. Scopia Surgical is a co-pilot for the human body, guiding surgeons with unprecedented accuracy and confidence.
  • Galaxia — GALAXIA Mission Systems designs and develops intelligent satellites and edge computation platforms for space.
  • Elisa Interactive — Elisa Interactive operates an asset-light, prompt-to-environment software model designed to lower technical entry barriers in user-generated gaming ecosystems. Its core application platform, Me-Z-Scene, utilizes artificial intelligence to automatically arrange existing asset kits into complex 3D worlds based on natural language inputs. Thecompany's value proposition centers on empowering casual gamers and amateur builders to deploy custom virtual spaces without requiring coding or digital design expertise.
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Panache Ventures
VC Fund · Montréal, Quebec, Canada · 13 investments in Canada Machine Learning startups, 10 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 nuclear instrumentation, plasma diagnostics, and engineering services for fusion and small modular reactor projects.
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Right Side Capital Management
VC Fund · San Francisco, California, United States · 13 investments in Canada Machine Learning startups

Systematic Pre-Seed Startup Capital

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Investment focus

  • Industry: Software, Artificial Intelligence, SaaS
  • Stage:Pre-Seed, Seed, Convertible Note
  • Geography: United States, Canada, United Kingdom

Investor stats

  • Total investments: 2067
  • Round size: Seed $50k–$1.7M; Pre-Seed $50k–$450k; Convertible Note $50k–$400k
  • Lead/follow: 3% lead, 97% follow
  • Last fund: Likely actively investing — fresh fund, raised $55M in 2025

Portfolio highlights

  • tbh — tbh is a developer of a mobile application designed to provide anonymous feedback to friends. The company's mobile application facilitates asking or answering questions, open text fields and invite abuse when combined with anonymity, enabling users to say things without repercussions and feel better about themselves from the positive feedbackon social networks.
  • Vidrovr — Vidrovr develops multimodal computer vision and machine learning systems to index, tag, and understand video. It processes videos with specific domain constraints, such as in sports, government, and media verticals. Its technology enables its users to search an indexed video corpus and retrieve content inside videos and link it to other media likephotos and text.The company Integrates social media to enable direct interactions between multimedia content. Vidrovr was founded in 2016 and is headquartered in New York.
  • TasksMind — Customer Reliability Platform
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New Brunswick Innovation Foundation
VC Fund · Fredericton, New Brunswick, Canada · 12 investments in Canada Machine Learning startups, 8 in the past 12 months

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, Artificial Intelligence
  • Stage:Seed, Venture - Series Unknown, Pre-Seed
  • Geography: Canada, United States

Investor stats

  • Total investments: 150
  • Round size: Seed $50k–$2M; Pre-Seed $35k–$779k; Venture - Series Unknown $250k–$3.5M
  • Lead/follow: 39% lead, 61% follow

Portfolio highlights

  • Picketa Systems — Picketa Systems equips agribusinesses with Analysis Stations to perform plant tissue analysis in seconds
  • East Coast Innovation — Precision engineered, patent pending SmoothMove Smart Funnel - exciting new fish loading technology. Simple & low cost.
  • Elle, MD Biotechnologies — Your terms. Your body. Just Livv.
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StandUp Ventures
VC Fund · Toronto, Ontario, Canada · 10 investments in Canada Machine Learning startups

StandUp Ventures is a venture capital firm investing in female-founded companies in the B2B software and digital health sector.The firm is led by a team of experienced investors who have assembled a diverse advisory committee. The advisory committee is comprised of successful founders, venture investors, and other strategic mentors who willprovide high-touch support to the entrepreneurs. StandUp Ventures catalyzes strong deal flow across Canada from its network and syndicate seed rounds with Angels and US VCs.

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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: 51
  • Round size: Seed $1.3M–$5M; Pre-Seed $317k–$2M; Series A $2.3M–$14M
  • Lead/follow: 33% lead, 67% follow
  • Last fund: May invest from a new fund soon — raised $16M in 2019

Portfolio highlights

  • Wygo — This is why you've gotta go outside.
  • 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
  • Pluvo — Financial forecasts calling for dry, complicated spreadsheets? Reclaim your time - no broken formulas, no duplication, no problems. Pluvo centralizes your data for dynamic scenario planning and unlimited forecasting!
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Golden Ventures
VC Fund · Toronto, Ontario, Canada · 10 investments in Canada Machine Learning startups, 10 in the past 12 months

Golden Ventures is a leading seed-stage venture capital fund, based in Toronto and investing across North America. We back bold teams and their transformative ideas.

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Investment focus

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

Investor stats

  • Total investments: 200
  • Round size: Seed $1.5M–$7.5M; Series A $6.8M–$32M; Series B $10M–$49M
  • Lead/follow: 19% lead, 81% follow
  • Last fund: Likely still investing — raised $103M in 2024

Portfolio highlights

  • Biossil — Biossil is an applied AI drug discovery platform to create specialized treatments for distinct patients.
  • Powered by People — Powered by People is a values-driven wholesale platform featuring handmade, ethical products from makers in over 40 countries. Sign up now for pre-approved credit and net 60 terms at poweredbypeople.com
  • Brodie Rec Leagues — Brodie Rec Leagues specializes in basketball tournaments, leagues, and training.
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Access 48,091 investors

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

Browse database — It's Free!
Capital Angel Network
VC Fund · Ottawa, Ontario, Canada · 10 investments in Canada Machine Learning 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, Information Technology, SaaS
  • Stage:Seed, Angel, Pre-Seed
  • Geography: Canada, United States

Investor stats

  • Total investments: 100
  • Round size: Seed $183k–$2.7M; Angel $10k–$2M; Pre-Seed $188k–$2M
  • Lead/follow: 17% lead, 83% 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.
  • RainStick — The RainStick shower is a recirculating shower that saves 80% energy and 80% water but still feels like a luxurious shower.
  • Afynia Laboratories — #FemTech startup developing fast, easy-to-use products to fill current gaps in #womenshealth-- starting with at-home testing for #endometriosis.
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Differential Ventures
VC Fund · New York, New York, United States · 10 investments in Canada Machine Learning startups

Early-stage venture capital fund founded by data scientists and entrepreneurs for data-focused entrepreneurs

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Investment focus

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

Investor stats

  • Total investments: 58
  • Round size: Seed $1.8M–$8M; Pre-Seed $300k–$5.4M; Series A $4M–$21M
  • Lead/follow: 38% lead, 62% follow
  • Last fund: May invest from a new fund soon — raised $42M in 2021

Portfolio highlights

  • Personal AI — Personal AI builds memory infrastructure for AI systems. The company's identity-based memory architecture powers specialized Small Language Models (SLMs) that deliver superior precision, latency, and cost efficiency compared to centralized cloud LLMs. By replacing context-window-based personalization with persistent, multi-layered memory,Personal AI enables real-time, personalized AI experiences at scale. The platform is purpose-built for distributed deployment on telecommunications infrastructure, supporting privacy-first, on-network AI integrated with voice, text, and data services.
  • Orchestra — Orchestra helps Data Teams connect any Data Tool to reliably and efficiently release data. Stop maintaining pipelines & start delivering value.
  • Advanced Symbolics — askpolly is an AI-powered, full-stack market research platform making insights collection faster and more accessible than ever before. Drive your data-led & customer-centric decision-making with real and statistically valid social media data across platforms including X (formerly Twitter), Reddit, Tik Tok and more!
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N49P
VC Fund · Toronto, Ontario, Canada · 9 investments in Canada Machine Learning 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 — Dessn is an AI app that enables designers & product managers to contribute to product building without coding.
  • thri5 — Thri5 develops software that connects retail data, people, and AI agents to coordinate operational actions.
  • Orbits — Orbits is a family-focused home management platform that simplifies household tasks, schedules, and everyday organization.
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Radical Ventures
VC Fund · Toronto, Ontario, Canada · 9 investments in Canada Machine Learning startups, 23 in the past 12 months

Radical Ventures is an early-stage venture capital firm investing in entrepreneurs applying deep technology to transform massive industries.

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Investment focus

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

Investor stats

  • Total investments: 137
  • Round size: Seed $2M–$27M; Series A $7M–$83M; Series B $30M–$200M
  • Lead/follow: 48% lead, 52% follow
  • Last fund: Likely actively investing — fresh fund, raised $250M in 2026

Portfolio highlights

  • Emerald AI — Intelligence to transform energy-intensive AI data centers into AI-powered grid allies
  • Mantic — Mantic is a world-class technical team on a mission to solve the next AI grand challenge: predicting global events with superhuman accuracy, and deploying this capability to power radically improved decision-making in business and government.
  • Generalist AI — At Generalist, we are on a mission to build general intelligence for the physical world.
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Toronto Innovation Acceleration Partners
VC Fund · Toronto, Ontario, Canada · 9 investments in Canada Machine Learning startups

MaRS Innovation (MI) is a commercialization engine that integrates, centralizes and accelerates time to market of the discovery and intellectual property assets from its 15 world-class research institutions. MI’s discovery and innovation pipeline is derived from $1 billion in annual R&D funding. Created as a not-for-profit organizationthrough the Government of Canada’s Center of Excellence for Commercialization and Research program (CECR), MI has raised $50 million from federal and provincial governments, member institutions and industry partners. MI’s vision is to transform the Toronto-based research enterprise into one of world’s most successful commercialization clusters.Through detailed, market facing due diligence, MI identifies opportunities from Canada’s largest academic cluster for further development and commercialization through project management, intellectual property management, investment and technology development. By crossing the innovation gap, MI transforms these opportunities into successful high-value licensing transactions and financeable start-up companies.

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Investment focus

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

Investor stats

  • Total investments: 87
  • Round size: Seed $73k–$8M; Grant $13k–$100k; Pre-Seed $22k–$525k
  • Lead/follow: 7% lead, 93% follow

Portfolio highlights

  • HDAX Therapeutics — HDAX Therapeutics novel modality unlocks a never-seen-before binding mechanism to key biological molecules.
  • Radiant Biotherapeutics — Radiant Biotherapeutics: Transformative, multi-valent, multi-specific antibody platform: Multabody
  • Grey Matter Neurosciences — Empowering seniors to restore brain function through the unique power of focused ultrasound.
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Desjardins Venture Capital
VC Fund · Lévis, Quebec, Canada · 9 investments in Canada Machine Learning startups

Desjardins Capital makes it easy to grow your business with financial and strategic support. Investment capital and venture capital can help you meet your business goals.

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Investment focus

  • Industry: Software, Manufacturing, Information Technology
  • Stage:Venture - Series Unknown, Seed
  • Geography: Canada, United States

Investor stats

  • Total investments: 161
  • Round size: Seed $1M–$5.2M; Venture - Series Unknown $620k–$228M
  • Lead/follow: 9% lead, 91% follow
  • Last fund: May invest from a new fund soon — raised $120M in 2018

Portfolio highlights

  • Vention — Design and order custom industrial equipment in days. Fast and easy-to-use cloud CAD, loaded with modular parts, that ship next day.
  • Inscora — Inscora is the cyber-insurability platform for MSPs and MSSPs. Assess risk, accurately measure client insurability, and unlock new revenue - without adding operational burden.
  • Vosker — Vosker provides remote area monitoring tech enabling you to take things further
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Business Development Bank of Canada
VC Fund · Montréal, Quebec, Canada · 8 investments in Canada Machine Learning 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: 360
  • 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

  • Axya — Optimize manufacturing procurement with Axya. Enhance visibility, streamline collaboration, and automate tasks. Say goodbye to spreadsheet chaos and email overload.
  • 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.
  • 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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VA Angels
VC Fund · Calgary, Alberta, Canada · 8 investments in Canada Machine Learning 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, Convertible Note
  • Geography: Canada, United States, India

Investor stats

  • Total investments: 111
  • Round size: Seed $108k–$1.5M; Convertible Note $120k–$4.7M
  • 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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Bluesky Equities
VC Fund · Calgary, Alberta, Canada · 7 investments in Canada Machine Learning startups

Bluesky Equities is a Calgary based private investment firm.

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Investment focus

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

Investor stats

  • Total investments: 37
  • Round size: Seed $500k–$3.3M; Series A $4.4M–$24M; Series B $5.4M–$43M
  • Lead/follow: 5% lead, 95% follow

Portfolio highlights

  • ResVR — Let buyers explore any floor plan, elevation, and finish package instantly, from anywhere. ResVR turns static renderings into an interactive, always-on sales experience.
  • Wisedocs — The Wisedocs platform makes it easy to sort, understand, and organize messy, unstructured medical, legal, and insurance documents.
  • Nimble Science — small intestine sampling technology - Nimble Science
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Fonds Innovexport
VC Fund · Quebec, Quebec, Canada · 7 investments in Canada Machine Learning startups

Fonds Innovexport is an Investing Service that provides in targeting international markets to forge the Quebec of tomorrow.

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Investment focus

  • Industry: Software, Artificial Intelligence, Machine Learning
  • Stage:Seed, Series A, Venture - Series Unknown
  • Geography: Canada

Investor stats

  • Total investments: 21
  • Round size: Seed $936k–$3.3M; Series A $1.7M–$5.9M; Venture - Series Unknown $3M–$11M
  • Lead/follow: 29% lead, 71% follow

Portfolio highlights

  • Botpress — Botpress is a modern developer stack to build enterprise and open-source chatbots. Learn about our conversational AI platform built for developers.
  • AlayaCare — AlayaCare is a revolutionary cloud-based home care software platform for agencies looking for innovation and efficiencies across the entire agency.
  • CONTXTFUL Technologies — Contxtful is a patent pending AI-driven technology leverages sensors from mobile smart devices such as phones, tablets & smart watches to identify user intent and context. It's designed with privacy in mind to be compliant with GDPR so we don't need to request permission from users. No need for GPS, camera or microphone. CONTXTFULprovide attention, viewability and predictive marketing analysis, performance improvement and business intelligence on the environment context of any digital audience. Our technologies generates different strategic activities like audience engagement, segmentation, online marketing security and real-time marketing data insights and can be used in many industry, including Adtech, Martech, Insurance/Banking, Fintech, Video Streaming and Game Engines providers to gather better context aware intel about their audience and customers.Our solution is respect privacy, it’s real-time and always-on.
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Mistral Venture Partners
VC Fund · Ottawa, Ontario, Canada · 7 investments in Canada Machine Learning startups, 7 in the past 12 months

Mistral Venture Partners - The leading seed stage venture capital firm in Canada

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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 to coordinate operational actions.
  • Ultimarii — Ultimarii is an AI based technology company that accelerates and streamline complex and large project across various industries.
  • Backboard.io — Sovereign AI infrastructure for organizations
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Brightspark Ventures
VC Fund · Montréal, Quebec, Canada · 7 investments in Canada Machine Learning startups

Brightspark Ventures invests in early stage Canadian software companies.Brightspark has been investing in the Canadian VC industry since 1999. Over the last 20 years, the company has refined its focus to the point where it choose what it believes to be the best early-stage opportunities in the market. The company's goal is to findexceptional startups, and work closely with these companies as they grow to achieve stellar returns.We have structured our investments to allow individual accredited investors to invest with us. We have found that individual investors share the same goals as us when investing: they too want to invest in startups with CEOs that are focused on creating massive returns.This model also benefits our portfolio companies, who appreciate having a network of investors they don’t necessarily have to "manage". By leading the investment and actively working as the gatekeeper for the company, Brightspark ensures that the company can grow to its full potential without being distracted or becoming unfocused. This model attracts some of the best companies in Canada.

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Investment focus

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

Investor stats

  • Total investments: 78
  • Round size: Seed $1.8M–$7M; Series A $3M–$19M; Series B $2.5M–$30M
  • Lead/follow: 40% lead, 60% follow
  • Last fund: Likely still investing — raised $55M in 2023

Portfolio highlights

  • Coral — Coral is a virtual care clinic that provides evidence-based, personalized support for perimenopause and menopause, weight loss and longevity.
  • Pricepoint — Pricepoint is an autonomous AI agent that optimizes your hotel pricing in real time. Maximize revenue, eliminate manual work, and stay competitive 24/7.
  • Brickeye — Brickeye IoT solutions monitor assets and processes across various industries and generate data and insights for better decision making.
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China Canada Angel Alliance
VC Fund · 7 investments in Canada Machine Learning startups

CCAA already has the first batch of 28 individual investors, 8 private funds, 2 private incubators, and 1 crowd-funding platform.

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Investment focus

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

Investor stats

  • Total investments: 33
  • Round size: Seed $1M–$3.5M; Series A $2.4M–$5M
  • Lead/follow: 12% lead, 88% follow

Portfolio highlights

  • AI Partnerships — AI Partnerships Corp. provides AI technology-based solutions to businesses. Our robust 120+ Affiliate Network of AI/ML solution providers can help any industry adopt AI.
  • Motion Gestures — Motion Gestures is a Canadian machine learning startup specializing in gesture recognition software. Motion Gestures specializes in machine learning-based gesture recognition software and was founded in Waterloo, Canada in 2016. The company aims to enable the rapid development and deployment of gesture-enabled interfaces for systems, devices, andapps. Its software supports advanced 2D and 3D gestures using motion, touch, and vision sensors and can be deployed on the cloud, gateway/hub, and embedded platforms. Developers are offered free licenses to the cloud SDK and can quickly create and test any gesture using their smartphones.
  • Neptune Nanotechnologies — Neptune Nanotechnologies Inc. is an early-stage tech Startup active in the bio-nano material space, specifically commercializing a technology that can convert organic fishing waste into ultra-high-value nanocrystals.
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Everywhere Ventures
VC Fund · New York, New York, United States · 6 investments in Canada Machine Learning startups

Everywhere Ventures is a global pre-seed venture capital fund for founders, by founders. Click to read Everywhere VC, by Everywhere Ventures, a Substack publication with tens of thousands of subscribers.

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Investment focus

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

Investor stats

  • Total investments: 1304
  • Round size: Seed $1M–$6.5M; Pre-Seed $250k–$2.5M; Series A $6M–$20M
  • Lead/follow: 2% lead, 98% follow
  • Last fund: Likely actively investing — fresh fund, raised $4.4M in 2026

Portfolio highlights

  • Donna — Meet Donna, the AI assistant built for field sales teams. Save time, cut admin, and close more deals with less effort.
  • Noise — Noise makes finding UGC creators easy. Work smarter with personalized AI guidance to make your next UGC creator campaign go viral.
  • Axo Longevity — Axo Longevity offers membership-based biomarker testing and digital health plans for preventive wellness and longevity optimization.
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Two Small Fish Ventures
VC Fund · Toronto, Ontario, Canada · 6 investments in Canada Machine Learning startups

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Investment focus

  • Industry: Software, Artificial Intelligence, E-Commerce
  • Stage:Seed, Series A, Venture - Series Unknown
  • Geography: Canada, United States

Investor stats

  • Total investments: 47
  • Round size: Seed $2M–$12M; Series A $5.2M–$25M
  • Lead/follow: 13% lead, 87% follow
  • Last fund: Likely still investing — raised $30M in 2024

Portfolio highlights

  • Haply — Haply is a robotics company that provides haptic devices, prototyping, firmware, and virtual learning assistance.
  • YScope — YScope is a software development company that provides log management and troubleshooting tools for automated failure prediction.
  • Qubic Technologies — Qubic Technologies is a manufacturer of quantum microwave transmitters and receivers for remote sensing and communication.
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Craft Ventures
VC Fund · San Francisco, California, United States · 6 investments in Canada Machine Learning startups

Craft Ventures is an early-stage venture fund dedicated to the craft of building great companies. Craft has brought together a rare combination of entrepreneurial experience and investor acumen. Over the past twenty years, David, Bill, Jeff and Sky have built and invested in some of the most iconic companies of this generation.

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Investment focus

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

Investor stats

  • Total investments: 557
  • Round size: Seed $1.9M–$9M; Series A $10M–$35M; Series B $20M–$120M
  • Lead/follow: 50% lead, 50% follow
  • Last fund: Likely still investing — raised $608M in 2023

Portfolio highlights

  • GenHealth.ai — GenHealth.ai provides healthcare solutions using generative AI trained on encoded medical events. Its product is a generative healthcare AI publicly available. It includes a foundation transformer model (new neural networks with excellent memory), an API, and user applications that can generate and predict future sequences of health events usinghistorical events. Together they can be used to build a large variety of customized applications.
  • Horizon3.ai — Horizon3.ai's mission is to help you find and fix your attack vectors before criminals exploit them. NodeZero, our automated penetration testing solution, enables organizations to continuously assess the security posture of their enterprise, including external, identity, on-prem, IoT, and cloud attack surfaces. Like APTs, ransomware, andother threat actors, our algorithms discover and fingerprint your attack surface, identifying the ways exploitable vulnerabilities, misconfigurations, harvested credentials, and dangerous product defaults can be chained together to facilitate a compromise. NodeZero is a true self-service SaaS offering that is safe to run in production and requires no persistent or credentialed agents. You will see your enterprise through the eyes of the attacker, identify your ineffective security controls, and ensure your limited resources are spent fixing problems that can actually be exploited. Founded in 2019 by industry, US Special Operations, and US National Security veterans, Horizon3.ai is headquartered in San Francisco, CA, and made in the USA.
  • 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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M12 - Microsoft's Venture Fund
VC Fund · San Francisco, California, United States · 6 investments in Canada Machine Learning startups

M12 is Microsoft's venture capital fund. We invest in early-stage technology companies disrupting the enterprise.

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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: 351
  • Round size: Series A $7M–$50M; Series B $14M–$58M; 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.
  • Mantic — Mantic is a world-class technical team on a mission to solve the next AI grand challenge: predicting global events with superhuman accuracy, and deploying this capability to power radically improved decision-making in business and government.
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BDC Capital’s Women in Technology Venture Fund
VC Fund · Montréal, Quebec, Canada · 6 investments in Canada Machine Learning startups

BDC Capital Women in Technology (WIT) Fund is one of the world’s largest venture capital funds

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Investment focus

  • Industry: Software, Artificial Intelligence, SaaS
  • Stage:Series A, Series B, Venture - Series Unknown
  • Geography: Canada

Investor stats

  • Total investments: 35
  • Round size: Series A $2.9M–$83M; Series B $13M–$200M; Venture - Series Unknown $2.6M–$42M
  • Lead/follow: 20% lead, 80% follow

Portfolio highlights

  • Waabi — Waabi operates as a self-driving technology start-up. Waabi is bringing the promise of self-driving closer to commercialization than ever before.
  • Swift Medical — Get advanced wound care powered by AI with Swift. 32M+ calibrated images enable 35% faster healing, 79% faster assessments, and 15% fewer hospitalizations.
  • Eigen Innovations — Eigen combines imaging and AI to detect issues traditional vision systems miss, revolutionizing quality inspection.
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Graphite Ventures
VC Fund · Toronto, Ontario, Canada · 6 investments in Canada Machine Learning startups, 7 in the past 12 months

We've helped 175 founders build enduring companies - and we're ready to take it to the next level.

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Investment focus

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

Investor stats

  • Total investments: 35
  • Round size: Seed $1.1M–$4.7M; Pre-Seed $729k–$6M; Series A $7.3M–$31M
  • Lead/follow: 31% lead, 69% follow
  • Last fund: Likely still investing — raised $92M in 2023

Portfolio highlights

  • myStoria — Backed by fertility doctors. Built by patients, for patients. Track symptoms, manage diagnoses, get advice, and start moving forward.
  • InsideDesk — Reduce AR days, boost collections, and streamline billing operations with InsideDesk's centralized revenue cycle management platform.
  • TimeSmart.AI — A healthcare-focused solution for contract management, clinician timesheet review and approvals, payment tracking & contract compliance enforcement
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Export Development Canada
VC Fund · Ottawa, Ontario, Canada · 6 investments in Canada Machine Learning startups, 20 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, Energy
  • Stage:Venture - Series Unknown, Debt Financing, Post-IPO Debt
  • Geography: Canada, United States, United Kingdom

Investor stats

  • Total investments: 259
  • Round size: Post-IPO Debt $3.6M–$500M; Debt Financing $3.6M–$858M; Venture - Series Unknown $6.3M–$40M
  • Lead/follow: 30% lead, 70% follow

Portfolio highlights

  • Revolve Renewable Power — We are an owner-operator and developer of utility-scale renewable energy generation projects in North America that focus on wind, hydro, solar & battery storage
  • CleanPlanet Chemical — Discover the most advanced solvent recycler available today. Whether you recycle your solvent on-site, off-site, or not at all, save money with CleanPlanet Chemical's solvent recycling system.
  • International Test Pilots School — International Test Pilots School (ITPS) offers EASA Approved Test Pilot & Flight Test Engineer courses for military and industry customers.
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GreenSky Ventures
VC Fund · Toronto, Ontario, Canada · 5 investments in Canada Machine Learning 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, 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.
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Innospark Ventures
VC Fund · Boston, Massachusetts, United States · 5 investments in Canada Machine Learning startups

Innospark Ventures is a new breed of early-stage venture capital firm, investing in the AI-driven economy.

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Investment focus

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

Investor stats

  • Total investments: 60
  • Round size: Seed $2.3M–$8.4M; Pre-Seed $500k–$1.6M; Series A $4M–$12M
  • Lead/follow: 32% lead, 68% follow
  • Last fund: May invest from a new fund soon — raised $100M in 2018

Portfolio highlights

  • Juniper Genomics — Juniper Genomics is shaping a better future for aspiring parents by enabling a faster, more successful IVF journey.
  • Antiverse — Designing biologics for 100 challenging targets
  • Fourier Health — Fourier Health is the first AI platform built to fully automate medical record intake.
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First Star Ventures
VC Fund · Boston, Massachusetts, United States · 5 investments in Canada Machine Learning startups

Investing with conviction in visionary, technical founders inventing the future.

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Investment focus

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

Investor stats

  • Total investments: 68
  • Round size: Seed $895k–$7M; Pre-Seed $575k–$2.8M; Series A $4.2M–$15M
  • Lead/follow: 15% lead, 85% follow
  • Last fund: Likely still investing — raised $40M in 2022

Portfolio highlights

  • iOrganBio — The Right Cells. Consistently. At Scale.
  • Extellis — Reliable Satellite Imagery at an Industrial Scale
  • Bedrock Energy — Bedrock Energy is developing drilling technology and advanced subsurface simulation software to enable geothermal heating and cooling. The company develops autonomous drilling technology and advanced subsurface simulation software to make geothermal heating and cooling more widespread, affordable, and accessible.
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CIBC Innovation Banking
VC Fund · Toronto, Ontario, Canada · 5 investments in Canada Machine Learning 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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Georgian
VC Fund · Toronto, Ontario, Canada · 5 investments in Canada Machine Learning startups, 14 in the past 12 months

Engineering Growth Together

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Investment focus

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

Investor stats

  • Total investments: 199
  • Round size: Series B $10M–$60M; Series C $15M–$135M; Series D $22M–$200M
  • Lead/follow: 59% lead, 41% follow
  • Last fund: Likely still investing — raised $19M in 2023

Portfolio highlights

  • Island — Meet Island, the Enterprise Browser that gives you control over SaaS governance, visibility and productivity. Secure your critical data and apps with Island.
  • Supabase — The Open Source Alternative to Firebase.
  • Dominion Dynamics — Building the autonomy stack for the Arctic, the harshest environment on Earth.
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Good News Ventures
VC Fund · Toronto, Ontario, Canada · 5 investments in Canada Machine Learning 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 — Inference for real-time agents
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Garage Capital
VC Fund · Waterloo, Ontario, Canada · 5 investments in Canada Machine Learning startups, 23 in the past 12 months

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, Israel

Investor stats

  • Total investments: 145
  • Round size: Seed $1.7M–$7.5M; Pre-Seed $765k–$3.6M; Series A $7.7M–$50M
  • Lead/follow: 9% lead, 91% follow
  • Last fund: May invest from a new fund soon — last raise in 2017

Portfolio highlights

  • Astrus — Astrus fully automates analog layout using AI without disrupting your workflow.
  • Orbits — Orbits is a family-focused home management platform that simplifies household tasks, schedules, and everyday organization.
  • Daedal Systems — Daedal Systems delivers nuclear instrumentation, plasma diagnostics, and engineering services for fusion and small modular reactor projects.
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Golden Triangle Angel Network
VC Fund · Cambridge, Ontario, Canada · 5 investments in Canada Machine Learning startups

Canada's leading early-stage investor community in Waterloo, funding innovative startups across tech sectors with a strong focus on impact and diversity.

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Investment focus

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

Investor stats

  • Total investments: 57
  • Round size: Seed $500k–$2.4M; Angel $400k–$677k
  • Lead/follow: 12% lead, 88% follow

Portfolio highlights

  • MesoMat — Boost fleet safety, fuel consumption, and operating costs real-time data from your tires.
  • YOURIKA — AI-assisted education technology and student support
  • Motion Gestures — Motion Gestures is a Canadian machine learning startup specializing in gesture recognition software. Motion Gestures specializes in machine learning-based gesture recognition software and was founded in Waterloo, Canada in 2016. The company aims to enable the rapid development and deployment of gesture-enabled interfaces for systems, devices, andapps. Its software supports advanced 2D and 3D gestures using motion, touch, and vision sensors and can be deployed on the cloud, gateway/hub, and embedded platforms. Developers are offered free licenses to the cloud SDK and can quickly create and test any gesture using their smartphones.
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S28 Capital
VC Fund · San Francisco, California, United States · 5 investments in Canada Machine Learning startups

S28 Capital is a venture fund based in San Francisco, run by operators and entrepreneurs who are helping the next generation of founders build their companies.

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Investment focus

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

Investor stats

  • Total investments: 86
  • Round size: Seed $1.5M–$6M; Series A $6.3M–$25M; Series B $14M–$56M
  • Lead/follow: 26% lead, 74% follow
  • Last fund: May invest from a new fund soon — raised $170M in 2016

Portfolio highlights

  • Tenzo — Tenzo is a restaurant analytics and AI forecasting platform for restaurants, pubs and cafes. Tenzo makes running restaurants easy with full data visibility.
  • Clerk — With Clerk, you can add beautiful, high-conversion Sign Up and Sign In forms to your React application in minutes.  After signing in, Clerk empowers your users to take control of their account security with multi-factor authentication and device management.If you’ve ever found yourself thinking, “there’s got to be a better way to build auth” -Clerk was built with you in mind.  It truly only takes minutes to add best-in-class authentication experiences to your application - and Clerk’s team is constantly working behind-the-scenes to make them even better.
  • Lightup — Stay on top of data quality with Lightup.ai. Detect data drift and data outages before they hurt product experience and business decisions. Get started in minutes with a free trial. Continuously monitor all your data assets across the enterprise. Be data-driven with confidence.
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The W Fund
VC Fund · New York, New York, United States · 5 investments in Canada Machine Learning startups

Singular focus on aggregating capital and deploying funds to women and underrepresented founders solving big problems and driving the future of tech.

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Investment focus

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

Investor stats

  • Total investments: 21
  • Round size: Seed $100k–$3.5M; Pre-Seed $120k–$1.6M; Series A $3.4M–$35M
  • Lead/follow: 14% lead, 86% follow

Portfolio highlights

  • FORTË (acquired by Echelon Fitness) — FORTË enables fitness brands globally to create a high-quality, premium digital fitness platform cost-effectively. FORTË installs its proprietary streaming hardware and software at one or more of its clients’ locations, deploys a customized website and accompanying mobile apps, and assists the client to launch and promote its new virtual offering.End-users can stream live and on-demand fitness classes from their favorite gym while interacting with their community on two-way video, tracking their performance in real-time on leaderboards and through wearable integrations, participate in challenges, and get social with their friends. FORTË powers UFC, Goodlife Fitness, YMCA's, NFL Player's Association, The Edge, Heartcore, GYMVMT, and many other well-known gym chains and boutique studios.
  • Simplifyber — Simplifyber is changing the way clothes are created, transforming the world's $1.5 trillion Apparel Industry and 250-year old factory system into sustainable, additive manufacturing. By assembling clothes with chemistry rather than with sewing machines, the Simplifyber process eliminates much of the waste, carbon emissions, and water pollutionthat have led to fashion’s devastating environmental and social impact in recent years. Efficient, plant-based and closed-loop, Simplifyber is revolutionizing the way the world manufactures clothing with its proprietary technology and cutting-edge techniques.
  • Haloo — Navigating the trademark search and registration process can be daunting and onerous for business owners and entrepreneurs. Heirlume is the first self-serve online trademark search and registration platform that integrates sophisticated legal thinking with technology. We make the complex trademark search and registration process fast, accurate,trusted and affordable for entrepreneurs and enterprise/e-com partners. Our search tool instantly runs the country-specific legal tests (i.e., “likelihood of confusion”) and performs lawyer analysis. Intelligent search algorithms provide an at-a-glance opinion of registerability (conflicts, descriptiveness, obscenity), displayed in simple visuals. Distilling the multiple data sets involved with drafting a trademark application requires time-consuming legal analysis. Our machine learning auto-suggest trademark application builder performs the lawyer work and removes room for error. While our first go to market strategy will target SME individual users, we see huge potential in expanding our market reach through key B2B partnerships as an upsell/add-on to a domain purchase (GoDaddy), or store set-up (Shopify or Amazon). Ultimately, we believe we can make trademark registration quick, easy and affordable, similar to the experience of registering a domain.
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Archangel Network of Funds
VC Fund · Kitchener, Ontario, Canada · 5 investments in Canada Machine Learning 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 — A healthcare-focused solution for contract management, clinician timesheet review and approvals, payment tracking & contract compliance enforcement
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Government of Canada
VC Fund · Gatineau, Quebec, Canada · 5 investments in Canada Machine Learning 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, Education
  • Stage:Grant, Debt Financing, Seed
  • Geography: Canada, United States, Kenya

Investor stats

  • Total investments: 533
  • Round size: Seed $293k–$4.7M; Grant $100k–$25M; Debt Financing $100k–$38M
  • Lead/follow: 78% lead, 22% follow
  • Last fund: Likely actively investing — fund raised in 2026

Portfolio highlights

  • CAMH — The Centre for Addiction and Mental Health, Canada's largest mental health and addiction teaching hospital. We believe that #MentalHealthIsHealth
  • Mazza Innovation — From the ingredients we produce to how we give back to the planet, we reflect health in everything we do. Simplicity is key to our method; water & plants.
  • University of Manitoba — The University of Manitoba received its charter on February 28, 1877. Today, the UofM has three main locations: the Bannatyne Campus, the Fort Garry Campus and the William Norrie Centre.The downtown Bannatyne campus of the university comprises a complex of ten buildings located west of the Health Sciences Centre between McDermot Ave andWilliam Ave in Central Winnipeg. This complex houses the medical and dental instructional units of the university. The Faculty of Dentistry, the Faculty of Medicine, the School of Medical Rehabilitation, and the School of Dental Hygiene are the major health sciences units located on this campus. The Faculty of Pharmacy officially joined the Bannatyne campus with the opening of the 95,000 sq ft (8,800 m2) Apotex Centre on October 16, 2008. The Brodie Center is known as the "flagship" which connects all three faculties as well as the Neil John MacLean Health Sciences Library and the Joe Doupe Fitness Centre. It is located on 727 McDermot Avenue.The main Fort Garry campus (located on the Red River in south Winnipeg) comprises over 60 teaching and research buildings of the University and sits on 233 hectares (580 acres) of land. In addition, Smartpark is the location of seven buildings leased to research and development organizations involving university-industry partnerships. The address is 66 Chancellors Circle.The William Norrie Centre on Selkirk Avenue is the campus for social work education for inner-city residents.The university operates agricultural research stations near Glenlea and Carman, Manitoba. The Ian N. Morrison Research Farm near Carman is a 406 acres (164 ha) facility located 70 km (43 mi) from Winnipeg, while the Glenlea facility is approximately 1,000 acres (405 ha) and located 20 km (12 mi) from Winnipeg.
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Canada Media Fund
VC Fund · Toronto, Ontario, Canada · 4 investments in Canada Machine Learning startups

The Canada Media Fund (CMF) fosters, develops, finances and promotes the production of Canadian content and applications for all audiovisual media platforms.

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Investment focus

  • Industry: Mobile, Software, Virtual Reality
  • Stage:Seed, Grant
  • Geography: Canada

Investor stats

  • Total investments: 34
  • Round size: Seed $175k–$1.8M; Grant $9k–$951k
  • Lead/follow: 26% lead, 74% follow

Portfolio highlights

  • Incrowd — Incrowd is a livestreaming app that encourages collaboration and makes events more interactive.
  • Squido Studio — No More Rainbows is a first person VR platformer with unique locomotion inspired by classic titles such as Super Meat Boy and Super Mario. The studio behind No More Rainbows is Montreal based Squido Studio, a studio that focuses on core mechanics and gameplay before all else.
  • Duo Productions — Duo Productions is a media and broadcasting company that produces television series and documentaries.
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Alumni Ventures
VC Fund · Manchester, New Hampshire, United States · 4 investments in Canada Machine Learning startups

Access curated startup investment opportunities and diversified venture capital exposure designed for accredited investors.

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Investment focus

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

Investor stats

  • Total investments: 2705
  • Round size: Seed $850k–$9.9M; Series A $3.5M–$32M; Series B $8M–$75M
  • Lead/follow: 4% lead, 96% follow
  • Last fund: Likely actively investing — fresh fund, raised $90k in 2026

Portfolio highlights

  • Particle — Afternic is a one-stop site to buy, sell and park domains. See for your self why Afternic is the world's premiere domain marketplace and exchange reseller.
  • Akiba Digital — Akiba Digital is a data and technology company that provides financial intelligence solutions. Our vision is to to unlock financial opportunities for consumers, businesses and society using alternative data.
  • Enact — Enact is a leading solar energy and solar software company serving homeowners, businesses, and installers. Get a free quote or request a demo today!
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Amplify Capital
VC Fund · Toronto, Ontario, Canada · 4 investments in Canada Machine Learning startups

Invest in transformational technologies that can achieve large scale solutions globally.

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Investment focus

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

Investor stats

  • Total investments: 44
  • Round size: Seed $1.2M–$5M; Pre-Seed $1.2M–$2.5M; Series A $7.3M–$28M
  • Lead/follow: 32% lead, 68% follow
  • Last fund: May invest from a new fund soon — raised $22M in 2020

Portfolio highlights

  • Fex Energy — FeX Energy is a pre-commercial startup focused on developing renewable energy storage solutions.
  • 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.
  • Carbon Upcycling — Our cities, roads, energy, AI, and all critical infrastructure are built on a foundation of concrete. And cement is the glue that holds it all together. Securing our tomorrow means securing our critical cement materials. It means building manufacturing independence, localizing supply chains, and investing...
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Lerer Hippeau
VC Fund · New York, New York, United States · 4 investments in Canada Machine Learning startups

Lerer Hippeau is an early-stage venture capital fund based in New York City. As founders and operators ourselves, we see returns in relationships

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Investment focus

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

Investor stats

  • Total investments: 681
  • Round size: Seed $1.3M–$7.1M; Series A $3M–$16M; Series B $10M–$42M
  • Lead/follow: 21% lead, 79% follow
  • Last fund: Likely actively investing — fresh fund, raised $200M in 2025

Portfolio highlights

  • Birdstop — Fully automated aerial imaging on your field assets through AI powered drones.
  • Hyperpublic — Hyperpublic is an open database of people, places, and things tied to a specific location. Anyone can add objects to the database and developers will be able to build applications on top of the data.
  • littleBits Electronics — LittleBits is an open source library of over 60 electronic modules that snap together with magnets allows users to view, download, and share designs and make their own Bits through the use of prototypes. Deluxe kit, Smart home kit, Arduino coding kit, Synth kit, hardware development kit, and workshop set are some of the electronics learning modulesprovided by littleBits.LittleBits was launched by Ayah Bdeir in 2011 and is operated from New York, United States.
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McRock Capital
VC Fund · Toronto, Ontario, Canada · 4 investments in Canada Machine Learning startups

Since our inception in 2012, McRock has been widely recognized as the first investment firm focused exclusively on the Digital Industrial.

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Investment focus

  • Industry: Software, Manufacturing, Information Technology
  • Stage:Series A, Series B, Series C
  • Geography: Canada, United States, Spain

Investor stats

  • Total investments: 50
  • Round size: Series A $406k–$23M; Series B $665k–$102M; Series C $3M–$53M
  • Lead/follow: 64% lead, 36% follow
  • Last fund: May invest from a new fund soon — raised $112M in 2019

Portfolio highlights

  • Axya — Optimize manufacturing procurement with Axya. Enhance visibility, streamline collaboration, and automate tasks. Say goodbye to spreadsheet chaos and email overload.
  • OneLayer — OneLayer provides enterprise-grade security for private LTE/5G networks.
  • Foundation EGI — The EGI platform from the Foundation is designed to speed up all phases of the product development cycle, from design and research to production and documentation, enabling engineers to create better products more quickly and effectively.
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iGan Partners
VC Fund · Toronto, Ontario, Canada · 4 investments in Canada Machine Learning startups

iGan Partners is one of Canada's largest healthcare-focused venture capital firms, investing across North America. We provide capital and expertise to scale innovative healthcare solutions.

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Investment focus

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

Investor stats

  • Total investments: 49
  • Round size: Seed $1.9M–$5M; Series A $4M–$17M; Venture - Series Unknown $10M–$14M
  • Lead/follow: 45% lead, 55% follow
  • Last fund: Likely still investing — fund raised in 2022

Portfolio highlights

  • Docsi — DOCSI provides preference card optimization, surgeon engagement and supply chain cost reduction through novel digital solutions.
  • Exact Imaging — Exact Imaging is the developer of the ExactVu™ system, the first micro-ultrasound operating at 29 MHz that provides unmatched resolution. The system enables visualization and targeting of suspicious regions, in addition to performing systematic TRUS biopsies for prostate cancer imaging.
  • Adenocyte — Adenocyte. Early detection and prevention of pancreatic cancer.
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Ripple Ventures
VC Fund · Toronto, Ontario, Canada · 4 investments in Canada Machine Learning startups

Ripple Ventures is a venture fund focused on B2B SaaS startups.

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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: 55
  • Round size: Seed $1M–$6.3M; Pre-Seed $300k–$2.2M; Series A $8M–$25M
  • Lead/follow: 38% lead, 62% follow
  • Last fund: May invest from a new fund soon — raised $10M in 2020

Portfolio highlights

  • Pitstop — Pitstop is a cloud-based Prognostic Maintenance Platform that enables enterprises to leverage the wealth of information available from their vehicle fleets. Their data engine integrates Connected Vehicles, Dealerships, Fleet Manager, Tier 1 Suppliers, OEMs, Insurance Companies and the Aftermarket Supply Chain.
  • Tread — Tread's construction fleet management software makes the business of moving construction materials easier and more profitable. Request a demo today!
  • Katalyze AI — Katalyze builds agentic infrastructure for global pharma, so that more medication reaches more patients, faster.
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Hedgewood
VC Fund · Toronto, Ontario, Canada · 4 investments in Canada Machine Learning startups

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

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Investment focus

  • Industry: Health Care, Software, E-Commerce
  • Stage:Seed, Series A
  • Geography: Canada, United States, India

Investor stats

  • Total investments: 109
  • Round size: Seed $725k–$4.3M; Series A $7M–$17M
  • Lead/follow: 1% lead, 99% follow

Portfolio highlights

  • Unito — Unito is taking on a major problem that people are passionate about solving: they make it easier to collaborate across teams. They don't make users learn new tools and change the way they work. By connecting work management tools, they allow managers, cross-functional teams, departments, and entire companies to benefit from seamlesscollaboration and improved communication. The app syncs projects across a number of tools like Trello, Asana, JIRA, GitHub, Wrike, Zendesk & Hubspot. This is a hard problem of semantics, synchronization, and APIs.
  • Vetster — Pet health starts with Vetster. Find and book veterinarians from across North America to provide excellent health care for your pet through video consults. Cats, dogs, reptiles, horses - all pets are welcome.
  • Ready, Set, Food! — Ready. Set. Food! Our patented system is the safe, easy, and effective way to start early allergen introduction with you baby. Allergist-mom developed with all organic ingredients and zero added sugar.
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Machine Learning VC funding in Canada at a glance

Stats across 1.1k deals from 1k investors.

1k
investors
in Canada Machine Learning startups
1.1k
deals
in Canada Machine Learning startups
$1.5M
median round
in Canada Machine Learning startups
42%
lead investors
lead at least one round
26%
Seed
most common funding stage

Access all 1042 VC funds in Canada Machine Learning startups.

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