# Elemental Ventures

> Elemental Ventures is a VC fund in Toronto backing Legal, Blockchain and Life Science. See 2 investments, round sizes, portfolio. Updated Oct 2026.

- Type: VC Fund
- Location: Toronto, Canada
- Total investments: 2
- Last investment: Oct 2026
- Lead investor: 0%
- Last updated: Oct 2026
- Website: https://www.elementalvc.com

Elemental Ventures is a VC fund in Toronto focused on Legal and Blockchain. Elemental offers a unique capital investment opportunity for technology firms focused on developing B2B enterprises. We are an early-stage venture capital firm that makes seed investments in promising entrepreneurs and their businesses.

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Legal | 1 | 50% |
| Blockchain | 1 | 50% |
| Life Science | 1 | 50% |
| Biotechnology | 1 | 50% |
| Artificial Intelligence | 1 | 50% |

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Seed | 1 | 50% |
| Series E | 1 | 50% |

### Country

| Country | Investments | Share |
| --- | --- | --- |
| Turkey | 1 | 50% |
| United States | 1 | 50% |

## Investments

| Company | Description | Round size | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| M-Based | M-based is an initiative aiming to develop eco-friendly alternative material technologies using mycelium, a component of the mushroom. Its R&D efforts focus on developing mycelium-based vegan leather to address environmental concerns and animal ethics violations in the textile industry. | $700K | Seed | Oct 01, 2026 | https://www.m-based.com |
| Harvey | Harvey is an artificial intelligence technology service provider. | $300M | Series E | Jun 23, 2025 | https://harvey.ai/ |

2 of 2 investments shown.

## Co-investors
- [OpenAI Startup Fund](https://shizune.co/investors/profile/openai-startup-fund) — VC Fund, 2 deals together
- [Conviction](https://shizune.co/investors/profile/conviction-partners) — VC Fund, 1 deal together
- [DST Global](https://shizune.co/investors/profile/digital-sky-technologies-fo) — VC Fund, 1 deal together
- [Google Ventures](https://shizune.co/investors/profile/google-ventures) — VC Fund, 1 deal together
- [Hatcher+](https://shizune.co/investors/profile/hatcher) — VC Fund, 1 deal together
- [Kleiner Perkins](https://shizune.co/investors/profile/kleiner-perkins-caufield-byers) — VC Fund, 1 deal together

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### Similar country
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## Featured in investor lists
- [Life Science Investors in Turkey](https://shizune.co/investors/life-science-investors-turkey)
- [Life Science VC Funds in Turkey](https://shizune.co/investors/life-science-vc-funds-turkey)

## FAQ

### What does Elemental Ventures invest in?

Elemental Ventures invests primarily in Legal, Blockchain and Life Science startups, most often at Seed and Series E stage. Most of the 2 investments tracked by Shizune back companies in Turkey. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### When did Elemental Ventures last invest?

The most recent investment recorded for Elemental Ventures closed in Oct 2026. Shizune tracks 2 investments in total for this profile, including round sizes, stages and portfolio companies, all sourced from confirmed public funding rounds and refreshed monthly.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Oct 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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