# Roadmap Capital

> Roadmap Capital is a VC fund in Toronto backing Mobile and Medical. See 14 investments, check sizes, portfolio and contact details. Updated Sep 2026.

- Type: VC Fund
- Location: Toronto, Canada
- Total investments: 14
- Last investment: Oct 2022
- Lead investor: 93%
- Fund size: $506k
- Last fund: Jan 2017
- Last updated: Sep 2026
- LinkedIn: https://www.linkedin.com/company/roadmap-capital-limited
- Website: http://roadmapcapitalinc.com/

Roadmap Capital is a VC fund in Toronto focused on Mobile and Medical. Roadmap Capital was co-founded by Riadh Zine (Executive Chairman, former senior investment banker at RBC Capital Markets) and Hugh Cleland (Chief Executive Officer, former portfolio manager at BluMont Capital).At Roadmap Capital, our mission is to offer an investment platform with a unique approach to selecting, investing in and partnering withexceptional companies.Roadmap Capital connects our qualified investors with carefully selected potential investment opportunities in an environment that fosters partnership, mentoring, growth, innovation and value.Roadmap Capital was formed to fill a need for a more transparent investment model, where our investors have the freedom to co-invest, alongside Roadmap Funds, in attractive leading-edge private companies.

## Contacts

5 contacts available for Roadmap Capital. Shizune tracks 2 team members at Roadmap Capital. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/roadmap-capital?utm_source=investor_profile

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Mobile | 1 | 7% |
| Medical | 1 | 7% |
| Hardware | 1 | 7% |
| Security | 1 | 7% |
| Health Care | 1 | 7% |

17 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Series B | 3 | 21% |
| Series A | 2 | 14% |
| Series C | 2 | 14% |
| Series D | 2 | 14% |
| Venture - Series Unknown | 1 | 7% |

### Country

| Country | Investments | Share |
| --- | --- | --- |
| Canada | 4 | 29% |
| United States | 1 | 7% |

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Hugh Cleland | Co-Founder, Principal | 3 | — |
| Riadh Zine | Co-Founder, Principal | 0 | — |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Corsa Security | Corsa Security is the leader in scaling network security with the first turnkey network security virtualization platform that simplifies how large enterprises and service providers scale traffic inspection, including SSL/TLS encrypted, at much lower total cost of ownership (TCO). By tightly integrating virtualization with intelligentorchestration, Corsa streamlines deployment, management and operations of virtualized next generation firewall (NGFW) arrays for large networks. Customers subscribe to the Corsa Red Armor service based on their traffic inspection capacity needs and then pay as they grow while never having to deal with the infrastructure. | $10M | Series D | Oct 20, 2022 |  |
| Perimeter Medical Imaging | Perimeter Medical Imaging is a privately held medical device company with offices in Toronto, Canada. Our executive team of medical device leaders holds an excellent track record of successfully building companies and improving outcomes for clinicians and patients. | $7.3M | Venture - Series Unknown | Jun 29, 2020 |  |
| Corsa Security | Corsa Security is the leader in scaling network security with the first turnkey network security virtualization platform that simplifies how large enterprises and service providers scale traffic inspection, including SSL/TLS encrypted, at much lower total cost of ownership (TCO). By tightly integrating virtualization with intelligentorchestration, Corsa streamlines deployment, management and operations of virtualized next generation firewall (NGFW) arrays for large networks. Customers subscribe to the Corsa Red Armor service based on their traffic inspection capacity needs and then pay as they grow while never having to deal with the infrastructure. | $11M | Series D | Nov 14, 2019 |  |
| Corsa Security | Corsa Security is the leader in scaling network security with the first turnkey network security virtualization platform that simplifies how large enterprises and service providers scale traffic inspection, including SSL/TLS encrypted, at much lower total cost of ownership (TCO). By tightly integrating virtualization with intelligentorchestration, Corsa streamlines deployment, management and operations of virtualized next generation firewall (NGFW) arrays for large networks. Customers subscribe to the Corsa Red Armor service based on their traffic inspection capacity needs and then pay as they grow while never having to deal with the infrastructure. |  | Series D | Aug 22, 2019 |  |
| Peraso Technologies | Peraso Technologies Inc., a fabless semiconductor company, specializes in the development of multi-gigabit millimeter wave single-chip transceivers for the mobile consumer electronics market. The company also provides custom solutions tailored to customer-specific opportunities. Its products are used for mobile rapid sync-n-go, desktopinterconnect, wireless networking, in-room HD video streaming, cellular backhaul, wireless links, medical and security imaging, vehicle-to-vehicle communication, and IC-to-IC links applications.Peraso Technologies Inc. is based in Toronto, Canada. | $42M | Series D | Feb 19, 2019 |  |
| Peraso Technologies | Peraso Technologies Inc., a fabless semiconductor company, specializes in the development of multi-gigabit millimeter wave single-chip transceivers for the mobile consumer electronics market. The company also provides custom solutions tailored to customer-specific opportunities. Its products are used for mobile rapid sync-n-go, desktopinterconnect, wireless networking, in-room HD video streaming, cellular backhaul, wireless links, medical and security imaging, vehicle-to-vehicle communication, and IC-to-IC links applications.Peraso Technologies Inc. is based in Toronto, Canada. | $42M | Series D | Feb 19, 2019 |  |
| Corsa Security | Corsa Security is the leader in scaling network security with the first turnkey network security virtualization platform that simplifies how large enterprises and service providers scale traffic inspection, including SSL/TLS encrypted, at much lower total cost of ownership (TCO). By tightly integrating virtualization with intelligentorchestration, Corsa streamlines deployment, management and operations of virtualized next generation firewall (NGFW) arrays for large networks. Customers subscribe to the Corsa Red Armor service based on their traffic inspection capacity needs and then pay as they grow while never having to deal with the infrastructure. | $9M | Series C | Jul 25, 2018 |  |
| Peraso Technologies | Peraso Technologies Inc., a fabless semiconductor company, specializes in the development of multi-gigabit millimeter wave single-chip transceivers for the mobile consumer electronics market. The company also provides custom solutions tailored to customer-specific opportunities. Its products are used for mobile rapid sync-n-go, desktopinterconnect, wireless networking, in-room HD video streaming, cellular backhaul, wireless links, medical and security imaging, vehicle-to-vehicle communication, and IC-to-IC links applications.Peraso Technologies Inc. is based in Toronto, Canada. | $20M | Series C | Apr 21, 2016 |  |
| Peraso Technologies | Peraso Technologies Inc., a fabless semiconductor company, specializes in the development of multi-gigabit millimeter wave single-chip transceivers for the mobile consumer electronics market. The company also provides custom solutions tailored to customer-specific opportunities. Its products are used for mobile rapid sync-n-go, desktopinterconnect, wireless networking, in-room HD video streaming, cellular backhaul, wireless links, medical and security imaging, vehicle-to-vehicle communication, and IC-to-IC links applications.Peraso Technologies Inc. is based in Toronto, Canada. | $20M | Series C | Apr 21, 2016 |  |
| MMB Networks | MMB Networks is a Toronto-based engineering firm with industry leading expertise and experience in wireless, embedded, and Smart Energy technologies. Our mission is to utilize this expertise to broaden and accelerate adoption of Smart Energy technology by creating software, tools and services that help our customers rapidly bring smart energysolutions to market. | $5M | Series B | Jan 06, 2016 |  |

10 of 14 investments shown.

## Co-investors
- [Celtic House Venture Partners](https://shizune.co/investors/profile/celtic-house-venture-partners) — VC Fund, 7 deals together
- [BDC Venture Capital](https://shizune.co/investors/profile/bdc-venture-capital) — VC Fund, 2 deals together
- [GCI Capital](https://shizune.co/investors/profile/gci-capital) — VC Fund, 2 deals together
- Integrated Device Technology — VC Fund, 2 deals together
- [Inovia Capital](https://shizune.co/investors/profile/inovia-capital) — VC Fund, 2 deals together
- [ArcTern Ventures](https://shizune.co/investors/profile/arctern-ventures) — VC Fund, 1 deal together

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## FAQ

### What does Roadmap Capital invest in?

Roadmap Capital invests primarily in Mobile, Medical and Hardware startups, most often at Series B and Series A stage. Most of the 14 investments tracked by Shizune back companies in Canada. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### How do I contact Roadmap Capital?

Public channels for Roadmap Capital include LinkedIn and the website linked on this profile. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.

### Who are the partners at Roadmap Capital?

The team at Roadmap Capital includes Hugh Cleland (Co-Founder, Principal) and Riadh Zine (Co-Founder, Principal). The Team section lists each member with their title, investment count and links.

### 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 Sep 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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