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Top 50 Machine Learning VC Funds & Investors in Canada (August 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
26 Canada, United States, United Kingdom Seed, Series A, Series B Software, Artificial Intelligence, Machine Learning $650k–$50M
BDC Venture Capital
VC Fund
20 Canada, United States, Japan Series A, Seed Software, Information Technology, Artificial Intelligence $600k–$20M
MaRS Investment Accelerator Fund
VC Fund
15 Canada, United States Seed, Pre-Seed, Series A Software, Health Care, Artificial Intelligence $368k–$14M
Panache Ventures
VC Fund
13 Canada, United States, Israel Seed, Pre-Seed, Series A Software, Artificial Intelligence, Information Technology $717k–$20M
Inovia Capital
VC Fund
13 Canada, United States, United Kingdom Seed, Series A, Series B Software, Artificial Intelligence, SaaS $1M–$65M
Anges Quebec
VC Fund
11 Canada, Spain, United States Seed, Angel Software, Health Care, Artificial Intelligence $366k–$3.4M
Capital Angel Network
VC Fund
10 Canada, United States Seed, Angel Software, SaaS, Information Technology $10k–$5M
New Brunswick Innovation Foundation
VC Fund
10 Canada, United States Seed, Pre-Seed Software, Information Technology, Artificial Intelligence $35k–$2.2M
Golden Ventures
VC Fund
9 Canada, United States, United Kingdom Seed, Series A, Series B Software, Artificial Intelligence, Information Technology $1.5M–$49M
Radical Ventures
VC Fund
9 United States, Canada, United Kingdom Seed, Series A, Series B Artificial Intelligence, Software, Information Technology $2M–$200M
Differential Ventures
VC Fund
8 United States, Canada, Israel Seed, Series A, Pre-Seed Software, Artificial Intelligence, Machine Learning $300k–$21M
VA Angels
VC Fund
8 Canada, United States, India Seed, Debt Financing Health Care, Software, Information Technology $110k–$1.5M
StandUp Ventures
VC Fund
8 Canada, United States Seed, Series A, Pre-Seed Software, SaaS, Artificial Intelligence $317k–$14M
N49P
VC Fund
8 Canada, United States, Jamaica Seed, Pre-Seed, Series A Software, Artificial Intelligence, Financial Services $593k–$20M
Right Side Capital Management
VC Fund
8 United States, Canada, United Kingdom Seed, Pre-Seed, Convertible Note Software, SaaS, Health Care $20k–$2M
Toronto Innovation Acceleration Partners
VC Fund
7 Canada, United States Pre-Seed, Seed, Grant Health Care, Biotechnology, Software $13k–$8M
Mistral Venture Partners
VC Fund
7 Canada, United States Seed, Series A, Pre-Seed Software, SaaS, Financial Services $534k–$15M
Desjardins Venture Capital
VC Fund
7 Canada, United States Seed, Series A Software, Information Technology, Manufacturing $805k–$24M
Brightspark Ventures
VC Fund
7 Canada, United States Series A, Seed, Series B Software, SaaS, Machine Learning $1.8M–$30M
Two Small Fish Ventures
VC Fund
6 Canada, United States, Trinidad and Tobago Seed, Series A Software, Artificial Intelligence, E-Commerce $2M–$25M
Everywhere Ventures
VC Fund
6 United States, Australia, India Pre-Seed, Seed, Series A Software, Health Care, FinTech $500k–$20M
Graphite Ventures
VC Fund
6 Canada, United States Seed, Series A, Pre-Seed Software, Health Care, Artificial Intelligence $729k–$31M
The W Fund
VC Fund
5 United States, Canada Seed, Series A, Pre-Seed Artificial Intelligence, FinTech, Machine Learning $100k–$35M
Garage Capital
VC Fund
5 Canada, United States, South Africa Seed, Series A, Pre-Seed Software, Information Technology, Artificial Intelligence $765k–$50M
Export Development Canada
VC Fund
5 Canada, United States, United Kingdom Series B, Series A Software, Manufacturing, Renewable Energy $3.5M–$50M
Archangel Network of Funds
VC Fund
5 Canada, United States Seed, Pre-Seed, Venture - Series Unknown Health Care, Software, Medical Device $10k–$19M
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
Fonds Innovexport
VC Fund
5 Canada Seed, Series A Software, Artificial Intelligence, Machine Learning $936k–$5.8M
Good News Ventures
VC Fund
5 Canada, United States, Cyprus Seed, Pre-Seed Software, Information Technology, Artificial Intelligence $146k–$4.3M
BDC Capital’s Women in Technology Venture Fund
VC Fund
5 Canada Series A, Series B, Venture - Series Unknown Software, Artificial Intelligence, SaaS $2.6M–$200M
Government of Canada
VC Fund
5 Canada, United States, India Grant, Debt Financing Non Profit, Manufacturing, Health Care $100k–$30M
Framework Venture Partners
VC Fund
4 Canada, United States, United Kingdom Series A, Series B, Seed Software, SaaS, Artificial Intelligence $2.2M–$35M
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
Keiretsu Forum
VC Fund
4 United States, India, Turkey Seed, Series A Health Care, Software, Biotechnology $85k–$10M
Hedgewood
VC Fund
4 Canada, United States, India Seed, Series A Health Care, Software, E-Commerce $725k–$17M
Maple Leaf Angels
VC Fund
4 Canada, United States Seed, Pre-Seed, Angel Software, SaaS, Health Care $90k–$2.1M
S28 Capital
VC Fund
4 United States, Canada, United Kingdom Seed, Series A, Series B Software, Information Technology, SaaS $1.4M–$56M
Business Development Bank of Canada
VC Fund
4 Canada, United States, Argentina Seed, Series A Software, Information Technology, Manufacturing $275k–$16M
M12 - Microsoft's Venture Fund
VC Fund
4 United States, Israel, United Kingdom Series A, Series B, Series C Artificial Intelligence, Software, Machine Learning $8M–$100M
MEDTEQ+
VC Fund
4 Canada, United States Seed, Series A Health Care, Medical Device, Biotechnology $1.5M–$20M
NAventures
VC Fund
4 Canada, United States, Israel Series A, Series B, Seed FinTech, Financial Services, Artificial Intelligence $2M–$100M
OMERS Ventures
VC Fund
4 Canada, United States, United Kingdom Series A, Series B, Seed Software, SaaS, Artificial Intelligence $1.6M–$100M
Alumni Ventures
VC Fund
4 United States, United Kingdom, Canada Seed, Series A, Series B Software, Artificial Intelligence, Information Technology $1.5M–$79M
China Canada Angel Alliance
VC Fund
4 Canada, India, United States Seed, Angel, Series D Software, Machine Learning, Information Technology $1M–$3.5M
Hike Ventures
VC Fund
4 United States, Canada, Israel Seed, Pre-Seed, Series A Artificial Intelligence, Software, Information Technology $500k–$152M
GreenSky Ventures
VC Fund
4 Canada, United States, United Kingdom Seed, Series A Software, Information Technology, Artificial Intelligence $731k–$4.5M
Bluesky Equities
VC Fund
4 Canada, United States Seed, Series A, Series B Software, SaaS, Analytics $500k–$43M
YUL Ventures
VC Fund
4 Canada, United States Seed, Series A, Series B SaaS, Machine Learning, Productivity Tools $421k–$2M
Access all 956 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 · 26 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, United Kingdom

Investor stats

  • Total investments: 218
  • Round size: Seed $650k–$5M; Series A $3.1M–$20M; Series B $7M–$50M
  • Lead/follow: 17% lead, 83% follow
  • Last fund: May invest from a new fund soon — raised $132M in 2017

Portfolio highlights

  • BenchSci — BenchSci is the world leader in AI-Assisted Reagent Selection and Experiment Design. Our preclinical R&D SaaS platform uses machine learning to help pharmaceutical companies increase their research velocity.
  • 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 · 20 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:Series A, Seed
  • Geography: Canada, United States, Japan

Investor stats

  • Total investments: 441
  • Round size: Seed $600k–$5M; Series A $3.3M–$20M
  • Lead/follow: 27% lead, 73% follow

Portfolio highlights

  • Spark — Spark provides the platform required to sell, market, close and report on your entire portfolio of new development projects.
  • 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.
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MaRS Investment Accelerator Fund
VC Fund · Toronto, Ontario, Canada · 15 investments in Canada Machine Learning startups

Working with Ontario talent to develop World Class Companies Learn More

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Investment focus

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

Investor stats

  • Total investments: 162
  • Round size: Seed $450k–$4M; Pre-Seed $368k–$1.5M; Series A $2.2M–$14M
  • Lead/follow: 18% lead, 82% follow

Portfolio highlights

  • 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!
  • TimeSmart.AI — A healthcare-focused solution for contract management, clinician timesheet review and approvals, payment tracking & contract compliance enforcement
  • Authentic Web — Authentic Web is a Corporate Domain Name Management platform for the New TLD Era.We equip enterprise teams in Digital, Marketing & IT with domain and DNS automation, providing business intelligence to support digital optimization and innovation for digital brands.Our workflow, automation and security protocols address Security andCompliance requirements for Risk, Compliance and IT Security teams to lock down domain assets and support teams to manage DNS network exposures.
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Panache Ventures
VC Fund · Montréal, Quebec, Canada · 13 investments in Canada Machine Learning startups

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: 155
  • Round size: Seed $1M–$6M; Pre-Seed $717k–$2.5M; Series A $6.3M–$20M
  • Lead/follow: 14% lead, 86% follow

Portfolio highlights

  • Communo — Communities of compatible marketing pros collaborating on the work they love, with the people the love, for the brands they love.
  • MarketMuse — Our AI-powered software tells you what content to write (and how much) to leverage your experience and rank higher where competitors are weak.
  • OnCall Health — Leading behavioral health EHR software and electronic healthcare record solutions built to modernize care, manage workflows and improve patient outcomes.
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Inovia Capital
VC Fund · Montréal, Quebec, Canada · 13 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, SaaS
  • Stage:Seed, Series A, Series B
  • Geography: Canada, United States, United Kingdom

Investor stats

  • Total investments: 385
  • Round size: Seed $1M–$8.3M; Series A $2M–$20M; Series B $5M–$65M
  • Lead/follow: 38% lead, 62% follow

Portfolio highlights

  • Modem — Your dev team's auto-triage Product Manager
  • CareGuide — We believe good people deserve the best care. Connect with housekeepers, nannies, pet sitters, and elder \ care providers with ease. Trusted and secure.
  • Routehappy — ATPCO | The foundation of modern airline retailing
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Anges Quebec
VC Fund · Quebec, Quebec, Canada · 11 investments in Canada Machine Learning startups

Value-added investors for innovative entrepreneurs.

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Investment focus

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

Investor stats

  • Total investments: 166
  • Round size: Seed $860k–$3.4M; Angel $366k–$1.3M
  • Lead/follow: 18% lead, 82% follow

Portfolio highlights

  • 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!
  • 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.
  • Solving.AI — Solving.AI is an AI training platform that helps in solving business software adoption issues.
Show all investments...

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, SaaS, Information Technology
  • Stage:Seed, Angel
  • Geography: Canada, United States

Investor stats

  • Total investments: 98
  • Round size: Seed $183k–$5M; Angel $10k–$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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New Brunswick Innovation Foundation
VC Fund · Fredericton, New Brunswick, Canada · 10 investments in Canada Machine Learning startups, 9 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, Pre-Seed
  • Geography: Canada, United States

Investor stats

  • Total investments: 144
  • Round size: Seed $50k–$2.2M; Pre-Seed $35k–$779k
  • Lead/follow: 40% lead, 60% 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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Golden Ventures
VC Fund · Toronto, Ontario, Canada · 9 investments in Canada Machine Learning startups

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: 189
  • Round size: Seed $1.5M–$7.5M; Series A $6.7M–$32M; Series B $14M–$49M
  • Lead/follow: 19% lead, 81% follow
  • Last fund: May invest from a new fund soon — last raise in 2021

Portfolio highlights

  • BenchSci — BenchSci is the world leader in AI-Assisted Reagent Selection and Experiment Design. Our preclinical R&D SaaS platform uses machine learning to help pharmaceutical companies increase their research velocity.
  • Terminal — Easily add 30+ telematics integrations to your application with a single API. Connect your application to the services you need, without worrying about the underlying details
  • Dominion Dynamics — Dominion Dynamics is building the interoperable command layer for the Arctic
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Radical Ventures
VC Fund · Toronto, Ontario, Canada · 9 investments in Canada Machine Learning startups

Radical Ventures invests in the future of how we live, work and play, partnering with founders who understand the transformational power of AI.

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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: 130
  • Round size: Seed $2M–$27M; Series A $7M–$60M; Series B $30M–$200M
  • Lead/follow: 49% lead, 51% follow

Portfolio highlights

  • BenchSci — BenchSci is the world leader in AI-Assisted Reagent Selection and Experiment Design. Our preclinical R&D SaaS platform uses machine learning to help pharmaceutical companies increase their research velocity.
  • Emerald AI — Intelligence to transform energy-intensive AI data centers into AI-powered grid allies
  • Discovery Loop — Discovery Loop is a pioneer in autonomous artificial intelligence, dedicated to deeply automating machine learning, science, and engineering.
Show all investments...

Access 48,091 investors

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

Browse database — It's Free!
Differential Ventures
VC Fund · New York, New York, United States · 8 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: 53
  • 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.
  • Databand — IBM Databand is observability software for data pipelines and warehouses. It automatically collects metadata to build historical baselines, detect anomalies and triage alerts to remediate data quality issues.
  • Valence AI — Vibes is a real-time emotional translation tool to improve connection across differences. Vibes for Watch shows emotional subtitles to help you read the room.
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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
  • Geography: Canada, United States, India

Investor stats

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

Portfolio highlights

  • Tonit — Connect with local riders. Discover hundreds of rides & events. Track & share your ride. Share photos & videos with the community.
  • PLAYR.gg — Surf Giveaways is the #1 platform to run giveaways, sweepstakes, and contests for gamers. Grow your audience and build your community with giveaways now!
  • eThor — Trusted By National Brands Trusted By National Brands Contactless In the age of COVID-19, it's more important than ever to provide your customers a safe way to pay. eThor offers a number of contactless payment options, from Apple Pay, Samsung Pay or other forms of
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StandUp Ventures
VC Fund · Toronto, Ontario, Canada · 8 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: 49
  • Round size: Seed $1.4M–$5M; Pre-Seed $317k–$2M; Series A $2.2M–$14M
  • Lead/follow: 33% lead, 67% follow
  • Last fund: May invest from a new fund soon — raised $15M 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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N49P
VC Fund · Toronto, Ontario, Canada · 8 investments in Canada Machine Learning startups

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, Financial Services
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Canada, United States, Jamaica

Investor stats

  • Total investments: 96
  • Round size: Seed $1M–$7.5M; Pre-Seed $593k–$3.6M; Series A $3.3M–$20M
  • Lead/follow: 11% lead, 89% follow

Portfolio highlights

  • Wygo — This is why you've gotta go outside.
  • Dessn — Design & prototype directly in your codebase, without any coding setup.
  • FightCamp — FightCamp delivers at-home boxing and kickboxing with real-time punch tracking and trainer-led programs built around your data. Earn every round.
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Right Side Capital Management
VC Fund · San Francisco, California, United States · 8 investments in Canada Machine Learning startups

Systematic Pre-Seed Startup Capital

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Investment focus

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

Investor stats

  • Total investments: 1452
  • Round size: Seed $20k–$2M; Pre-Seed $50k–$450k; Convertible Note $50k–$630k
  • Lead/follow: 3% lead, 97% follow
  • Last fund: Likely actively investing — fund raised 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.
  • Cohley — Cohley is a content marketing platform focusing on user generated content, visual asset creation, and text review generation. Streamline your content generation today!
  • 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.
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Toronto Innovation Acceleration Partners
VC Fund · Toronto, Ontario, Canada · 7 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:Pre-Seed, Seed, Grant
  • Geography: Canada, United States

Investor stats

  • Total investments: 70
  • 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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Mistral Venture Partners
VC Fund · Ottawa, Ontario, Canada · 7 investments in Canada Machine Learning startups

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

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Investment focus

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

Investor stats

  • Total investments: 82
  • Round size: Seed $708k–$5.5M; Pre-Seed $534k–$2.5M; Series A $3.9M–$15M
  • Lead/follow: 27% lead, 73% follow
  • Last fund: May invest from a new fund soon — raised $36M in 2020

Portfolio highlights

  • Backboard.io — Sovereign AI infrastructure for organizations
  • Partage Club — Share more, own less
  • Chatforce — Chatforce is an AI-powered game studio. Four AI agents turn your ideas into playable, shareable games in minutes. No coding required.
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Desjardins Venture Capital
VC Fund · Lévis, Quebec, Canada · 7 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, Information Technology, Manufacturing
  • Stage:Seed, Series A
  • Geography: Canada, United States

Investor stats

  • Total investments: 137
  • Round size: Seed $805k–$5.2M; Series A $5.9M–$24M
  • Lead/follow: 10% lead, 90% 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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Brightspark Ventures
VC Fund · Montréal, Quebec, Canada · 7 investments in Canada Machine Learning startups, 6 in the past 12 months

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 $54M 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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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
  • Geography: Canada, United States, Trinidad and Tobago

Investor stats

  • Total investments: 46
  • Round size: Seed $2M–$12M; Series A $5.2M–$25M
  • Lead/follow: 13% lead, 87% follow
  • Last fund: Likely still investing — raised $18M in 2022

Portfolio highlights

  • YScope — YScope is a software development company that provides log management and troubleshooting tools for automated failure prediction.
  • BenchSci — BenchSci is the world leader in AI-Assisted Reagent Selection and Experiment Design. Our preclinical R&D SaaS platform uses machine learning to help pharmaceutical companies increase their research velocity.
  • Qubic Technologies — Qubic Technologies is a manufacturer of quantum microwave transmitters and receivers for remote sensing and communication.
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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, FinTech
  • Stage:Pre-Seed, Seed, Series A
  • Geography: United States, Australia, India

Investor stats

  • Total investments: 1093
  • Round size: Seed $1.2M–$6.5M; Pre-Seed $500k–$2.6M; Series A $8M–$20M
  • Lead/follow: 2% lead, 98% follow
  • Last fund: May invest from a new fund soon — last raise in 2020

Portfolio highlights

  • Donna — Meet Donna, the AI assistant built for field sales teams. Save time, cut admin, and close more deals with less effort.
  • Suma Wealth — Meet Charlie, your AI financial coach inside the SUMA app. Get personalized budgeting, savings, and investing advice in English or Spanish.
  • Journey Live — Journey is shifting the way modern companies prioritize mental health. Our proactive, inclusive tools engage every employee, every day.
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Graphite Ventures
VC Fund · Toronto, Ontario, Canada · 6 investments in Canada Machine Learning startups, 8 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

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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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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Garage Capital
VC Fund · Waterloo, Ontario, Canada · 5 investments in Canada Machine Learning startups

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

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Investment focus

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

Investor stats

  • Total investments: 142
  • Round size: Seed $1.7M–$7.5M; Pre-Seed $765k–$3.6M; Series A $7.3M–$50M
  • Lead/follow: 9% lead, 91% follow

Portfolio highlights

  • tofu — tofu is an online marketplace for founders, hiring managers, and talent team leaders to find talent.
  • Friendlier — Friendlier aims to reduce single-use plastic waste generated by disposable food packaging. We provide businesses with reusable plastic cups and containers, and take care of delivery, pick-up, and washing.
  • ChatFeatured — ChatFeatured is a software platform that provides tools for tracking and managing how brands appear in AI search systems. It monitors brand mentions, sources, and visibility across AI platforms. The system analyzes data to identify gaps and content issues. It generates content plans and supports writing and publishing based on search data. Theplatform includes a dashboard that shows performance, citations, and sentiment. It provides site audits with scores and tasks for content and technical review. The service connects with content systems and tools to manage data and updates.
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Export Development Canada
VC Fund · Ottawa, Ontario, Canada · 5 investments in Canada Machine Learning startups, 22 in the past 12 months

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

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Investment focus

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

Investor stats

  • Total investments: 250
  • Round size: Series A $3.5M–$22M; Series B $5M–$50M
  • Lead/follow: 30% lead, 70% follow

Portfolio highlights

  • Ionik — Popreach is now @IonikGroup
  • Velto Renewables — Velto Renewables is a renewable energy company that specializes in enabling global economy to decarbonize by developing renewable assets.
  • 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.
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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: 68
  • 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 — last raise 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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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: 58
  • Round size: Seed $2.3M–$8.4M; Pre-Seed $500k–$1.5M; Series A $3.4M–$12M
  • Lead/follow: 31% lead, 69% 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: 63
  • Round size: Seed $1M–$7M; Pre-Seed $575k–$1.8M; Series A $4.2M–$15M
  • Lead/follow: 13% lead, 87% follow

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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Fonds Innovexport
VC Fund · Quebec, Quebec, Canada · 5 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
  • Geography: Canada

Investor stats

  • Total investments: 21
  • Round size: Seed $936k–$3.1M; Series A $1.7M–$5.8M
  • 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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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
  • Geography: Canada, United States, Cyprus

Investor stats

  • Total investments: 69
  • Round size: Seed $376k–$4.3M; Pre-Seed $146k–$2.7M
  • Lead/follow: 9% lead, 91% follow

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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BDC Capital’s Women in Technology Venture Fund
VC Fund · Montréal, Quebec, Canada · 5 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: 34
  • Round size: Series A $2.9M–$83M; Series B $13M–$200M; Venture - Series Unknown $2.6M–$42M
  • Lead/follow: 21% lead, 79% 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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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, Health Care
  • Stage:Grant, Debt Financing
  • Geography: Canada, United States, India

Investor stats

  • Total investments: 514
  • Round size: Grant $100k–$22M; Debt Financing $100k–$30M
  • Lead/follow: 78% lead, 22% follow
  • Last fund: May invest from a new fund soon — raised $85M in 2018

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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Framework Venture Partners
VC Fund · Vancouver, British Columbia, Canada · 4 investments in Canada Machine Learning startups

Framework is a top-performing venture fund that discovers, develops and scales the next generation of world-class technologies, through a unique founder-centric approach to active capital.

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Investment focus

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

Investor stats

  • Total investments: 39
  • Round size: Seed $2.2M–$8M; Series A $5M–$20M; Series B $3.7M–$35M
  • Lead/follow: 44% lead, 56% follow
  • Last fund: Likely still investing — raised $500k in 2022

Portfolio highlights

  • CarDoor — CarDoor is a Toronto-based technology company that is transforming the way people buy cars. CarDoor offers high-quality certified vehicles at great prices through a fully online customer experience. At CarDoor.ca, customers browse inventory online, buy the car that's right for them, trade in their current vehicle, and enjoy effortless at-homedelivery. CarDoor is committed to making car shopping easy for all Canadians.
  • ZayZoon — ZayZoon is a pioneer in earned wage access (EWA) with our flagship product Wages On-Demand. Employees can access part of their payday in advance.
  • Bonsai — Bridging content and commerce. Bonsai brings together products people love and the content they can't get enough of.
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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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Keiretsu Forum
VC Fund · San Francisco, California, United States · 4 investments in Canada Machine Learning startups

Keiretsu Forum is a global angel investor network with more than 2,500 accredited investor members throughout 47 chapters on 3 continents.

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Investment focus

  • Industry: Health Care, Software, Biotechnology
  • Stage:Seed, Series A
  • Geography: United States, India, Turkey

Investor stats

  • Total investments: 241
  • Round size: Seed $85k–$3.3M; Series A $778k–$10M
  • Lead/follow: 12% lead, 88% follow
  • Last fund: May invest from a new fund soon — raised $10M in 2015

Portfolio highlights

  • Bliss — Skip long waitlists and expensive therapy. Book licensed online therapists in multiple languages with culturally informed care.
  • BatteryPool — BatteryPool offers battery charging solutions for EV fleets and commercial vehicles.
  • Apriority Financial — Apriority Financial is a debt optimization platform that manages and optimizes employee personal debt.
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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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Maple Leaf Angels
VC Fund · Toronto, Ontario, Canada · 4 investments in Canada Machine Learning startups

Maple Leaf Angels are an experienced group of private investors looking for great entrepreneurs, great products and great companies. Bringing together investment, experience and knowledge, we help accelerate companies to become market leaders in their industry.We focus on four main investment areas as follows:- Information Technology- CleanTechnology- Advanced Manufacturing and Materials- Special Opportunities

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Investment focus

  • Industry: Software, SaaS, Health Care
  • Stage:Seed, Pre-Seed, Angel
  • Geography: Canada, United States

Investor stats

  • Total investments: 40
  • Round size: Seed $500k–$2.1M; Pre-Seed $90k–$1M
  • Lead/follow: 13% lead, 87% follow
  • Last fund: May invest from a new fund soon — last raise in 2019

Portfolio highlights

  • Grüvi — Gruvi makes non-alcoholic craft beer and wine on the planet. They strive to create an inclusive community focused on making better choices within their daily lives. They provide various types of non-alcoholic craft beer such as alcohol-free dry red blend, dry secco, and bubbly rose.
  • Wyvern — Discover hyperspectral imaging and Earth observation data from Wyvern. Access research-grade satellite imagery that reveals the hidden reality of our planet.
  • EmergConnect — Home page - Localized information, services, and support for Canadian visitors.
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S28 Capital
VC Fund · San Francisco, California, United States · 4 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: 83
  • Round size: Seed $1.4M–$6.2M; Series A $6.3M–$25M; Series B $14M–$56M
  • Lead/follow: 24% lead, 76% 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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Business Development Bank of Canada
VC Fund · Montréal, Quebec, Canada · 4 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:Seed, Series A
  • Geography: Canada, United States, Argentina

Investor stats

  • Total investments: 294
  • Round size: Seed $275k–$5M; Series A $4M–$16M
  • Lead/follow: 44% lead, 56% follow

Portfolio highlights

  • Arolytics — Build, manage, and execute the most efficient emissions management program custom to your oil and gas operations.
  • SpherePlay — SpherePlay creates, delivers, and monetizes VR experiences across all platforms. Its solution is a suite of VR media players that enables broadcasters, publishers and commercial content distributors to integrate virtual reality experiences to their existing media distribution workflow via their own apps and websites.The company was founded in2014 and is headquartered in Montréal, Quebec.
  • Spring Loaded Technology — Breakthrough spring technology has delivered the world's first and only knee brace that can reduce pressure across the entire joint and power the legs.
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M12 - Microsoft's Venture Fund
VC Fund · San Francisco, California, United States · 4 investments in Canada Machine Learning startups

M12 are a venture capital fund, by Microsoft. Our investment teams are based globally to support your business from start up funding to Series C investment.

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Investment focus

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

Investor stats

  • Total investments: 242
  • Round size: Series A $8M–$46M; Series B $12M–$58M; Series C $21M–$100M
  • Lead/follow: 35% lead, 65% follow

Portfolio highlights

  • nEye — NEye Systems develops programmable photonic integrated circuits that integrate high-radix optical circuit switching on silicon chips. These optical switches aim to address challenges in AI and machine learning systems by reducing power requirements and facilitating network expansion. The company's technology, based on over a decade of researchfrom Professor Ming Wu's lab at UC Berkeley, utilizes MEMS-based silicon photonics to create wafer-scale optical circuit switches. These switches are designed to provide direct optical connections among GPUs and memory units, potentially enhancing performance and scalability in data centers. NEye Systems has secured funding from investors, including CapitalG, M12, Micron Ventures, and NVIDIA.​
  • Upscale — Upscale your brand with AI-powered video ads that generate, target, and optimize for real performance on TV and digital platforms.
  • Eventual — Distributed query engine providing simple and reliable data processing for any modality and scale (https://t.co/IN219tFqrN)
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MEDTEQ+
VC Fund · Montreal, Quebec, Canada · 4 investments in Canada Machine Learning startups

MEDTEQ+ is a non-profit organization for industrial research and innovation in medical technology. The organization accelerates the development of innovative technological solutions to improve patients’ health and quality of life by mobilizing Canadian talents. They bringing together the key players in healthcare and innovation allows them andtheir partners, to offer Canadians access to novel solutions.MEDTEQ’s mission is, through collaborative, industry-led projects, to accelerate innovation and position, on a global scale, products and services developed by the Canadian medical technologies industry.

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Investment focus

  • Industry: Health Care, Medical Device, Biotechnology
  • Stage:Seed, Series A
  • Geography: Canada, United States

Investor stats

  • Total investments: 33
  • Round size: Seed $1.5M–$4M; Series A $2.9M–$20M
  • Lead/follow: 48% lead, 52% follow
  • Last fund: May invest from a new fund soon — raised $10M in 2018

Portfolio highlights

  • AI4Eyes — AI4Eyes offers an end-to-end AI software & data collection platform for fast, precise, and consistent ocular diagnostics, enabling clinicians to detect and improve eye health.
  • NURA Medical — Discover NurEx's medication safety software and its novel weight estimation technology, designed for healthcare professionals. Experience easy-to-use pediatric dosing, accurate weight measurement, and streamlined formulary management to enhance patient safety and reduce medication errors. Book a demo today.
  • Swiftsure Innovations — Swiftsure Innovations provides registered nurses with the tools required to improve patient outcomes.It develops a medical device that enhances oral care for patients on life support with the aim of decreasing the incidence of ventilator-acquired pneumonia, length of mechanical ventilation, and length of hospital stay.Creative Destruction Labssupports the company.
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NAventures
VC Fund · Montréal, Quebec, Canada · 4 investments in Canada Machine Learning startups, 7 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 $4.8M–$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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OMERS Ventures
VC Fund · Toronto, Ontario, Canada · 4 investments in Canada Machine Learning startups

OMERS Ventures is an early-stage tech investor serving fintech, vertical software, enterprise app and AI/infra founders.

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Investment focus

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

Investor stats

  • Total investments: 171
  • Round size: Seed $1.6M–$11M; Series A $6M–$29M; Series B $12M–$100M
  • Lead/follow: 46% lead, 54% follow
  • Last fund: May invest from a new fund soon — raised $750M in 2020

Portfolio highlights

  • Turnstile — Turnstile takes the hassle out of managing your revenue lifecycle.
  • Dominion Dynamics — Dominion Dynamics is building the interoperable command layer for the Arctic
  • Fonoa — Manage your sales tax, VAT, and GST obligations seamlessly through our API, globally. For internet businesses around the world, we make taxes simple, automated, borderless, and accessible via our API.
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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, Information Technology
  • Stage:Seed, Series A, Series B
  • Geography: United States, United Kingdom, Canada

Investor stats

  • Total investments: 2214
  • Round size: Seed $1.5M–$10M; Series A $5.5M–$35M; Series B $12M–$79M
  • Lead/follow: 5% lead, 95% follow
  • Last fund: Likely actively investing — fund raised in 2025

Portfolio highlights

  • Tabs — Tabs provides AI-powered accounts receivable software to save time analyzing contracts, improve cash flow, and avoid billing errors.
  • 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!
  • Beam — Smarter employee benefits including dental, vision, life, disability, and supplemental health. Our plans are easy to understand, implement, and use.
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China Canada Angel Alliance
VC Fund · 4 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, Machine Learning, Information Technology
  • Stage:Seed, Angel, Series D
  • Geography: Canada, India, United States

Investor stats

  • Total investments: 11
  • Round size: Seed $1M–$3.5M
  • Lead/follow: 27% lead, 73% 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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Hike Ventures
VC Fund · San Francisco, California, United States · 4 investments in Canada Machine Learning startups

Hike Ventures is a venture capital firm that invests in artificial intelligence and machine learning.

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Investment focus

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

Investor stats

  • Total investments: 55
  • Round size: Seed $1.1M–$6M; Pre-Seed $500k–$2.5M; Series A $8.2M–$152M
  • Lead/follow: 11% lead, 89% follow

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.
  • Claybird — Claybird offers an AI video ad creation agent that plans, generates, edits, and publishes ad videos from concept to release.
  • Ethosphere — Ethosphere is using voice AI to accelerate frontline associates from novice to great, give store managers better tools and insights, and empower brands with better understandings of their in-store customer experiences.
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GreenSky Ventures
VC Fund · Toronto, Ontario, Canada · 4 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, Series A
  • Geography: Canada, United States, United Kingdom

Investor stats

  • Total investments: 65
  • Round size: Seed $731k–$3.3M; Series A $1.1M–$4.5M
  • Lead/follow: 69% lead, 31% follow
  • Last fund: Likely still investing — fund raised in 2023

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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Bluesky Equities
VC Fund · Calgary, Alberta, Canada · 4 investments in Canada Machine Learning startups

Bluesky Equities is a Calgary based private investment firm.

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Investment focus

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

Investor stats

  • Total investments: 28
  • Round size: Seed $500k–$3.3M; Series A $4.4M–$24M; Series B $5.4M–$43M
  • Lead/follow: 7% lead, 93% 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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YUL Ventures
VC Fund · Montréal, Quebec, Canada · 4 investments in Canada Machine Learning startups

YUL Ventures is an early stage private fund that is sponsored by entrepreneurs and invests in technology businesses. The company is situated in Canada and it was founded in 2013 by Pascal Pilon

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Investment focus

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

Investor stats

  • Total investments: 9
  • Round size: Seed $421k–$2M
  • Lead/follow: 0% lead, 100% 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.
  • LANDR — LANDR empowers musicians to create and get heard. As a pioneer in big data and machine learning for the music industry, LANDR provides millions of independent artists and labels with a single space to learn about, collaborate on, master, release and monetize music online. Since launching in 2014, LANDR has consistently built tools that level theplaying field for musicians, combining into a self-serve platform that is affordable and invaluable at every stage of the music creation lifecycle.
  • Sonder — Your new way to stay in vibrant cities around the world with exceptional spaces designed for living.
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Machine Learning VC funding in Canada at a glance

Stats across 907 deals from 956 investors.

956
investors
in Canada Machine Learning startups
907
deals
in Canada Machine Learning startups
$1.7M
median round
in Canada Machine Learning startups
43%
lead investors
lead at least one round
27%
Seed
most common funding stage

Access all 956 VC funds in Canada Machine Learning startups.

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