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Top 10 Mobile Advertising Startup Investors in Canada (June 2026)

The most active venture capital funds and angel investors investing in Canada Mobile Advertising startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Canada Mobile Advertising startup companies. Find investors to raise a Pre-Seed, Seed or Series A round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
Relay Ventures
VC Fund
3 United States, Canada, Germany Seed, Series A, Series B Software, Mobile, Apps $1.4M–$35M
NFQ Ventures
VC Fund
2 Canada, Germany Seed iOS, Hotel, Gaming $1.1M–$7M
Anges Quebec
VC Fund
1 Canada, Spain, United States Seed, Angel Software, Health Care, Artificial Intelligence $366k–$3.1M
Clairvest Group
VC Fund
1 United States, Canada, India Private Equity, Seed Waste Management, Software, Manufacturing $18M–$74M
La Capitale
VC Fund
1 Canada Seed Sensor, Privacy, Internet
Guillaume Bouchard
Angel
1 Canada, United States Pre-Seed Artificial Intelligence, Sensor, Sports $146k–$2.9M
Pinetree Capital
VC Fund
1 Canada Series A iOS, Gaming, Mobile
Maple Leaf Angels
VC Fund
1 Canada, United States Seed, Pre-Seed, Angel Software, Health Care, SaaS $90k–$2.1M
Ascension
VC Fund
1 United Kingdom, United States, Italy Seed, Pre-Seed Software, FinTech, Internet $229k–$4.1M
Fonds Innovexport
VC Fund
1 Canada Seed, Series A Software, Artificial Intelligence, Machine Learning $936k–$5.8M
Access all 19 investors in Canada Mobile Advertising startups.

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Investor list

Relay Ventures
VC Fund · Toronto, Ontario, Canada · 3 investments in Canada Mobile Advertising startups

We view founders as partners. We bring capital, networks, and experience, and our founders bring expertise, teams, and dreams.

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Investment focus

  • Industry: Software, Mobile, Apps
  • Stage:Seed, Series A, Series B
  • Geography: United States, Canada, Germany

Investor stats

  • Total investments: 161
  • Round size: Seed $1.4M–$7M; Series A $4.4M–$13M; Series B $5.5M–$35M
  • Lead/follow: 34% lead, 66% follow
  • Last fund: Likely still investing — fund raised in 2022

Portfolio highlights

  • Eirene — Find trusted answers about end-of-life planning, grief support, and more.
  • Luma — Luma was created by Dr. Paul Judge and Mike Van Bruinisse. Paul and Mike have worked together for 15 years solving complex networking and security problems for the largest companies in the world.With the rise of the connected home, people are using more devices than ever. Home WiFi networks now need to be able to keep every one of them runningand fully secure. Mike, Paul, and the team decided to use their expertise to create the perfect, personalized WiFi network for everyone.On that day, Luma was born. Since then, the mission has been the same: To create the fastest, simplest, most secure, and most reliable home network that’s equipped for the technology of today, and tomorrow.
  • Veecle — Veecle is a modern software development platform for vehicle function development. Our carmaker customers use to to design, program, simulate and update all vehicle software. It makes car development dramatically faster and cheaper. It's a clean-slate approach focused on ease of use and scalability. Car functions can be programmed like asmartphone app - with security and safety by design.
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NFQ Ventures
VC Fund · Toronto, Ontario, Canada · 2 investments in Canada Mobile Advertising startups

Never Fu@#ing Quit: An Entrepreneur's Playbook

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Investment focus

  • Industry: iOS, Hotel, Gaming
  • Stage:Seed
  • Geography: Canada, Germany

Investor stats

  • Total investments: 3
  • Round size: Seed $1.1M–$7M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • DreamCheaper — DreamCheaper, a service that searches for cheaper hotel rates and rebooks a room on behalf of guests. The platform works by encouraging previously booked guests to email their reservation to the site. It then scours rates on more than 100 other booking sites and wholesalers – if it finds a cheaper rate it will rebook the guest, taking a 20% feefrom the saving made.
  • Fuse Powered Inc. — Fuse Powered provides the industry’s only player-centric platform to enable mobile game publishers to optimize every player experience. From targeted IAP offers, rewarded video and relevant ads, Fuse helps publishers maximize game revenue, from a single SDK.With more than 700 million installs, Fuse has partnered with some of the world’s leadingmobile game publishers to monetize players on iOS and Android. Fuse is a venture backed, privately held company with offices in San Francisco and Toronto.Fuse Powered was acquired by www.Upsight.com January 2016.
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Anges Quebec
VC Fund · Quebec, Quebec, Canada · 1 investments in Canada Mobile Advertising startups

Value-added investors for innovative entrepreneurs.

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Investment focus

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

Investor stats

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

Portfolio highlights

  • Zilia — Zilia's non-invasive assessment of biomarkers in the eye redefines the way we prevent, diagnose, and treat various diseases.
  • Opalia — Opalia is introducing a new era of dairy: functional, delicious, and sustainable dairy made from mammary cells.
  • Gray Oncology Solutions — Gray Oncology Solution is a healthcare enterprise software company that commercializes GrayOS, the operating system for oncology.
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Clairvest Group
VC Fund · Toronto, Ontario, Canada · 1 investments in Canada Mobile Advertising startups

Clairvest is a top performing private equity management firm building strategically significant businesses with entrepreneur partners.

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Investment focus

  • Industry: Waste Management, Software, Manufacturing
  • Stage:Private Equity, Seed
  • Geography: United States, Canada, India

Investor stats

  • Total investments: 35
  • Round size: Private Equity $18M–$74M
  • Lead/follow: 66% lead, 34% follow
  • Last fund: May invest from a new fund soon — raised $850M in 2019

Portfolio highlights

  • Beneficial Reuse
  • Narasimhan Consulting Services — Narasimhan Consulting Services is a water and wastewater engineering consulting company. Their services include drinking water services, water quality research, modeling services, regulatory compliance assistance, reclaimed water, construction management, administration, source water assessments, resident engineering, construction observation, andproject closeout.
  • Arrowhead Environmental Partners — Arrowhead Landfill is one of the most modern and safe landfills in the United States and an active participant in the local city and county and has dozens of local residents as employees.
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La Capitale
VC Fund · Quebec, Quebec, Canada · 1 investments in Canada Mobile Advertising startups

La Capitale is a Canadian business that provides insurance products and financial services to more than 900 institutions and 600,000 members of staff in Quebec, Canada. The company is headquartered in Quebec City and is mainly active in Quebec.

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Investment focus

  • Industry: Sensor, Privacy, Internet
  • Stage:Seed
  • Geography: Canada

Investor stats

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

Portfolio highlights

  • 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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Guillaume Bouchard
Angel · Montréal, Quebec, Canada · 1 investments in Canada Mobile Advertising startups

I consider myself a highly passionate entrepreneur. I enjoy building and managing teams in fast-growth environments.I spent the first few years of my career within a franchise model called College Pro Painters and then launched a University school project (nvi) which was sold 8 years later to Dentsu Aegis Network (rebranded iProspect Canada) andstayed there for 5 years, almost tripling the baseline revenue and increasing 6 fold its bottom line.In 2018 I joined CONTXTFUL, a a Montreal-based technology start-up focused on developing products that provide insights on mobile users, improving how advertisers and insurers interact with their customers. We recently closed a 2M$CAD seed and are in the mist of commercializing our initial products.I love daunting projects and I also strongly believe in a world with better interactions between brands and consumers - but in a ethical and non-intrusive way. I enjoy thinking outside-of-the-box and always believed challenges only make you smarter (and sometimes stronger too!).One of my favorite mantra is the Stockdale paradox, which I try to live by every day:#1 You must retain faith that you will prevail in the end, regardless of the difficulties...AND at the same time#2 You must confront the most brutal facts of your current reality, whatever they might be.

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Investment focus

  • Industry: Artificial Intelligence, Sensor, Sports
  • Stage:Pre-Seed
  • Geography: Canada, United States

Investor stats

  • Total investments: 2
  • Round size: Pre-Seed $146k–$2.9M
  • Lead/follow: 50% lead, 50% follow

Portfolio highlights

  • WILD.AI — Train with your female physiology - not against it! Track your menstrual cycle to sync workouts, nutrition, and recovery with your body's unique needs.
  • 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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Pinetree Capital
VC Fund · Toronto, Ontario, Canada · 1 investments in Canada Mobile Advertising startups

Pinetree Capital was incorporated under the laws of the Province of Ontario and its shares are publicly traded on the Toronto Stock Exchange (the 'TSX') under the symbol 'PNP'. Pinetree is a value-oriented investment and merchant banking firm focused on the technology sector.

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Investment focus

  • Industry: iOS, Gaming, Mobile
  • Stage:Series A
  • Geography: Canada

Investor stats

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

Portfolio highlights

  • Fuse Powered Inc. — Fuse Powered provides the industry’s only player-centric platform to enable mobile game publishers to optimize every player experience. From targeted IAP offers, rewarded video and relevant ads, Fuse helps publishers maximize game revenue, from a single SDK.With more than 700 million installs, Fuse has partnered with some of the world’s leadingmobile game publishers to monetize players on iOS and Android. Fuse is a venture backed, privately held company with offices in San Francisco and Toronto.Fuse Powered was acquired by www.Upsight.com January 2016.
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Maple Leaf Angels
VC Fund · Toronto, Ontario, Canada · 1 investments in Canada Mobile Advertising 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, Health Care, SaaS
  • Stage:Seed, Pre-Seed, Angel
  • Geography: Canada, United States

Investor stats

  • Total investments: 40
  • Round size: Seed $475k–$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 is a line of craft brewed alcohol-free beers & wines.
  • 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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Ascension
VC Fund · London, England, United Kingdom · 1 investments in Canada Mobile Advertising startups

Pre-seed and seed investors backing 300+ ambitious founders from day one.

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Investment focus

  • Industry: Software, FinTech, Internet
  • Stage:Seed, Pre-Seed
  • Geography: United Kingdom, United States, Italy

Investor stats

  • Total investments: 209
  • Round size: Seed $229k–$4.1M; Pre-Seed $445k–$2.4M
  • Lead/follow: 24% lead, 76% follow
  • Last fund: Likely still investing — raised $22M in 2024

Portfolio highlights

  • Hosel — Hosel's objective is to make golf more cheap, sustainable, and accessible by unlocking the value of used equipment.
  • Saltroad — Get matched with an experienced HCPC Speech and Language Therapist based on your child's needs, your budget and your schedule. Loved by parents & children.
  • ReBorn® Homewares — ReBorn purpose is to transform the sustainability of the global homewares industry. We are committed to creating the most stylish and planet-friendly homewares, and driving collective change in the UK and beyond .Our five key principles are: 1.Recycling Waste 2.Local production 3.Circular Design 4.Stylish Solutions 5.Collaborative Power
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Fonds Innovexport
VC Fund · Quebec, Quebec, Canada · 1 investments in Canada Mobile Advertising 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.
Show all investments...

Mobile Advertising Investor funding in Canada at a glance

Stats across 16 deals from 19 investors.

19
investors
in Canada Mobile Advertising startups
16
deals
in Canada Mobile Advertising startups
$1.4M
median round
in Canada Mobile Advertising startups
37%
lead investors
lead at least one round
44%
Seed
most common funding stage
95/5
VC / Angel
share of investor count

Access all 19 investors in Canada Mobile Advertising startups.

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