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Top 50 Retail Startup Investors in Canada (September 2026)

The most active venture capital funds and angel investors investing in Canada Retail startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Canada Retail startup companies. Find investors to raise a Seed, Series A or Series B round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
District Ventures Capital
VC Fund
20 Canada, United States Pre-Seed, Seed Food and Beverage, Manufacturing, Retail
BDC Venture Capital
VC Fund
6 Canada, United States, Japan Series A, Seed Software, Information Technology, Artificial Intelligence $600k–$20M
Bedrock
VC Fund
5 United States, Canada, India Seed, Series A, Series B Software, Information Technology, SaaS $1.8M–$100M
White Star Capital
VC Fund
4 United States, Canada, United Kingdom Series A, Seed, Series B Financial Services, FinTech, Software $1.4M–$60M
MaRS Investment Accelerator Fund
VC Fund
4 Canada, United States Seed, Pre-Seed, Series A Software, Health Care, Analytics $368k–$14M
ScaleUP Ventures
VC Fund
4 Canada, United States, Egypt Series A, Seed, Series B Software, SaaS, FinTech $100k–$65M
Fondaction
VC Fund
4 Canada, United States, France Private Equity, Debt Financing Manufacturing, Information Technology, Software $276k–$103M
Celtic House Asia Partners
VC Fund
4 Canada, United States, Hong Kong Seed, Series A, Pre-Seed Software, Health Care, Artificial Intelligence $439k–$16M
Real Ventures
VC Fund
3 Canada, United States, United Kingdom Seed, Series A, Series B Software, Artificial Intelligence, Machine Learning $700k–$50M
Roham Gharegozlou
Angel
3 United States, Canada, Italy Seed, Series A, Pre-Seed Blockchain, Software, Cryptocurrency $470k–$30M
FundersClub
VC Fund
3 United States, Canada, India Seed, Series A, Pre-Seed Software, Artificial Intelligence, SaaS $125k–$25M
ff Venture Capital
VC Fund
3 United States, Poland, Canada Seed, Series A Software, Artificial Intelligence, Information Technology $974k–$12M
Thomas Pentz
Angel
3 United States, Canada Series A, Seed, Angel Apps, FinTech, Internet $2M–$87M
Framework Venture Partners
VC Fund
3 Canada, United States, United Kingdom Series A, Series B, Seed Software, Artificial Intelligence, SaaS $2.4M–$220M
Hedgewood
VC Fund
3 Canada, United States, India Seed, Series A, Series B Health Care, Software, E-Commerce $725k–$120M
Origin Ventures
VC Fund
3 United States, Canada, France Series A, Series B, Seed Software, Information Technology, Artificial Intelligence $1M–$31M
Venn Growth Partners
VC Fund
3 United States, Canada Series A, Seed, Series B Retail, E-Commerce, Pet $3.7M–$30M
Sandpiper Ventures
VC Fund
3 Canada, United States Seed, Series A, Pre-Seed Software, Health Care, Biotechnology $398k–$7.3M
Otimo Retail
VC Fund
3 Canada, United States Seed, Series A, Venture - Series Unknown Software, Retail Technology, Retail $552k–$8.5M
Panache Ventures
VC Fund
3 Canada, United States, Israel Seed, Pre-Seed, Series A Software, Artificial Intelligence, Information Technology $713k–$20M
RFI
VC Fund
2 Canada, Austria, United States Seed, Convertible Note, Pre-Seed Software, SaaS, Analytics $150k–$5.4M
Valor Equity Partners
VC Fund
2 United States, Israel, India Series B, Series A, Series C Software, Artificial Intelligence, Information Technology $9.3M–$435M
BDC IT Venture Fund
VC Fund
2 Canada, United States Seed, Series A, Venture - Series Unknown Software, SaaS, Big Data $1M–$27M
Valor Siren Ventures
VC Fund
2 United States, Brazil, Canada Series A, Seed Food and Beverage, E-Commerce, Software $3M–$20M
Acton Capital
VC Fund
2 Germany, United Kingdom, Canada Series A, Series B E-Commerce, Internet, Software $4.5M–$35M
Atlantic Canada Opportunities Agency
VC Fund
2 Canada, United States, France Grant, Debt Financing, Seed Software, Manufacturing, Health Care $25k–$2.1M
Banana Capital
VC Fund
2 United States, Canada, France Seed, Series A, Series B E-Commerce, Financial Services, Health Care $2M–$260M
Export Development Canada
VC Fund
2 Canada, United States, United Kingdom Series B, Series A Software, Manufacturing, Renewable Energy $3.7M–$50M
The Future Fund
VC Fund
2 United Kingdom, United States, Canada Venture - Series Unknown, Seed, Convertible Note Software, FinTech, Financial Services $393k–$13M
Trybe Ventures
VC Fund
2 United States, Canada, Portugal Series A, Seed, Series B Sports, Gaming, Retail $3.7M–$100M
Capital Angel Network
VC Fund
2 Canada, United States Seed, Angel, Pre-Seed Software, Information Technology, SaaS $10k–$2.7M
Desjardins Venture Capital
VC Fund
2 Canada, United States Venture - Series Unknown, Seed Software, Information Technology, Manufacturing $620k–$228M
Gen 1 Capital
VC Fund
2 Canada Seed, Series A Retail, Machine Learning, Service Industry
Bossa Invest
VC Fund
2 United States, Brazil, Mexico Seed, Pre-Seed, Venture - Series Unknown Software, Information Technology, Financial Services $50k–$50M
Google
VC Fund
2 United States, India, United Kingdom Grant, Seed Software, Information Technology, Artificial Intelligence $50k–$9.3M
Canada Economic Development for Quebec Regions
VC Fund
2 Canada, France, Luxembourg Grant, Debt Financing, Post-IPO Debt Manufacturing, Industrial, Construction $100k–$3.7M
Andreas Penna
Angel
2 United States, Brazil, Canada Seed, Series A, Pre-Seed Mobile Apps, FinTech, Machine Learning $400k–$34M
Rho Canada Ventures
VC Fund
2 Canada, United States, Italy Series A, Seed, Series B Software, Analytics, Internet $168k–$37M
Russell Cook
Angel
2 United States, Canada Seed, Series C, Series D Wellness, Logistics, Health Care $750k–$1B
Inovia Capital
VC Fund
2 Canada, United States, United Kingdom Seed, Series A, Series B Software, Artificial Intelligence, SaaS $1M–$65M
Brightspark Ventures
VC Fund
2 Canada, United States Series A, Seed, Series B Software, SaaS, Machine Learning $1.8M–$30M
HSG
VC Fund
2 China, United States, Australia Series B, Series A, Seed Artificial Intelligence, Biotechnology, Software $2M–$226M
SaskWorks Venture Fund
VC Fund
2 Canada, United States Seed, Venture - Series Unknown Oil and Gas, Energy, Manufacturing $325k–$5.8M
ClearAngel
VC Fund
2 United States, Canada, United Kingdom Angel, Seed, Pre-Seed Fashion, E-Commerce, Retail $10k–$400k
ChileGlobal Ventures
VC Fund
2 Chile, United States, Canada Venture - Series Unknown, Seed, Series A Software, Artificial Intelligence, Information Technology $100k–$7.3M
LOI Venture
VC Fund
2 Canada, United States, Israel Seed, Pre-Seed, Series A Software, SaaS, Internet $100k–$15M
MATH Venture Partners
VC Fund
2 United States, Canada, Denmark Seed, Series A, Series B Software, Mobile, SaaS $1M–$40M
West Quad Ventures
VC Fund
2 United States, Brazil, India Seed, Series A, Pre-Seed Software, Financial Services, FinTech $400k–$34M
Two Small Fish Ventures
VC Fund
2 Canada, United States, Trinidad and Tobago Seed, Series A Software, Artificial Intelligence, E-Commerce $1.8M–$25M
Tom Williams
Angel
2 United States, Canada, India Seed, Series A, Series B Software, Health Care, Financial Services $1.3M–$67M
Access all 467 investors in Canada Retail startups.

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

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Investor list

District Ventures Capital
VC Fund · Calgary, Alberta, Canada · 20 investments in Canada Retail startups

Venture capital funding for Canadian entrepreneurs. District Ventures Capital is led by Arlene Dickinson and invests in innovative food & health sector companies.

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Investment focus

  • Industry: Food and Beverage, Manufacturing, Retail
  • Stage:Pre-Seed, Seed
  • Geography: Canada, United States

Investor stats

  • Total investments: 79
  • Lead/follow: no public data

Portfolio highlights

  • Gainful — Personalized Protein Powder, Delivered to your Doorstep
  • Fody Food — Fody Foods Co. offers healthy, low FODMAP food products and recipes that are big on taste, and low in FODMAPs. Live and eat free of IBS symptoms!
  • Three Farmers — Three Farmers believes everyone should have wholesome food to eat, an understanding of where it comes from and how it's made. We are a family business with Three Farmers and Two Sisters at the heart, committed to preserving he land through sustainable farming practices, providing nourishing food grown on family farms.
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BDC Venture Capital
VC Fund · Calgary, Alberta, Canada · 6 investments in Canada Retail 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: 527
  • Round size: Seed $600k–$4.9M; Series A $2.7M–$20M
  • Lead/follow: 27% lead, 73% follow
  • Last fund: Likely still investing — raised $500M in 2022

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
  • Neurio Technology — Neurio makes ordinary appliances smart and homes more efficient by letting you know what’s going on, when you need to know it - like if you forgot to turn off your stove, when your kids are home from school, and if they’re watching TV when they should be doing homework. With a Neurio sensor, our smartphone apps let you know what’s happening inyour home, which appliances are in use and the amount of energy they use without having to install sensors at every device.
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Bedrock
VC Fund · New York, New York, United States · 5 investments in Canada Retail startups

Bedrock: In Search of Narrative Violations

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Investment focus

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

Investor stats

  • Total investments: 91
  • Round size: Seed $1.8M–$8M; Series A $6M–$15M; Series B $20M–$100M
  • Lead/follow: 36% lead, 64% follow
  • Last fund: Likely actively investing — fresh fund, raised $25M in 2025

Portfolio highlights

  • Durin — Mineral exploration technology company
  • TensorZero — TensorZero builds open-source tools for production-grade LLM applications: LLM gateway, observability, optimization, evaluations, and experimentation.
  • Mach Industries — Delivering decentralized warfare capabilities to guarantee the defense of freedom.
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White Star Capital
VC Fund · New York, New York, United States · 4 investments in Canada Retail startups

Our presence, perspective and people enable us to partner closely with founders to help them define this future.

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Investment focus

  • Industry: Financial Services, FinTech, Software
  • Stage:Series A, Seed, Series B
  • Geography: United States, Canada, United Kingdom

Investor stats

  • Total investments: 203
  • Round size: Seed $1.4M–$10M; Series A $5M–$24M; Series B $12M–$60M
  • Lead/follow: 42% lead, 58% follow
  • Last fund: Likely actively investing — fund raised in 2025

Portfolio highlights

  • Himedi — Himedi is an information technology company that provides hospital reservation service.
  • Una Brands — Ready to sell your e-commerce business? We'll make the process fair, fast, and fuss-free. Continue to profit as we grow your brand.
  • Boostsecurity.io — Boostsecurity.io is a computer software company that assists software developers to discover cybersecurity-related issues. It was founded in 2020 and its headquarters is located in Montreal, Quebec.
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MaRS Investment Accelerator Fund
VC Fund · Toronto, Ontario, Canada · 4 investments in Canada Retail startups, 6 in the past 12 months

Working with Ontario talent to develop World Class Companies Learn More

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Investment focus

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

Investor stats

  • Total investments: 164
  • Round size: Seed $375k–$4M; Pre-Seed $368k–$1.5M; Series A $2.3M–$14M
  • Lead/follow: 18% lead, 82% follow
  • Last fund: May invest from a new fund soon — raised $8.5M in 2014

Portfolio highlights

  • Azoma — Ecomtent enables brands to create eCommerce content with Generative AI. Using Ecomtent's self-service tools, customers can generate their entire optimized Amazon listing, using our AI product photo generator, AI Generate infographics at scale, a+ content, and generate optimised copy.
  • 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
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ScaleUP Ventures
VC Fund · Toronto, Ontario, Canada · 4 investments in Canada Retail startups

ScaleUP Ventures is a venture capital firm that supports creative entrepreneurs and assists with investments. It is focused on early-stage venture capital with a preference for Business-to-Business opportunities. The firm was founded in 2016 and is based in Toronto, Ontario.

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Investment focus

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

Investor stats

  • Total investments: 57
  • Round size: Seed $100k–$7.5M; Series A $2M–$17M; Series B $15M–$65M
  • Lead/follow: 23% lead, 77% follow
  • Last fund: May invest from a new fund soon — raised $100M in 2017

Portfolio highlights

  • Canalyst — 4,000+ financial models with every KPI that matters, built and updated by our team of analysts.
  • Penny — Discover Penny. Transforming sellers' lives. Providing tailored corporate solutions. Try the best social selling app today.
  • Dream Appeal — Dream Appeal is a career growth platform that helps in management of career oriented goals and connect with peers with similar interest.
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Fondaction
VC Fund · Clarke City, Quebec, Canada · 4 investments in Canada Retail startups

Since its creation in 1996, Fondaction has been based on the belief that it is not only possible to do things differently in the financial and business world, it is a necessity.Fondaction helps Québecers prepare for retirement by offering affordable retirement savings to everyone. The savings collected are invested in companies across Québec.This way, Fondaction helps create and maintain quality jobs, contributing to a stronger, more equitable and greener economy.Created in 1996, Fondaction is a labour-sponsored fund with assets in excess of one billion dollars collected as retirement savings from more than 131,000 shareholders. Fondaction's direct investments and those made through investment funds support the development of more than 1 050 SMEs in different lines of business, in large part involved in various components of the social economy.Fondaction has always been resolutely committed to socially responsible finance, from the moment it was created. The principles of sustainable development are integrated in everything it does. Whether investing in businesses directly or in capital markets, Fondaction always applies the principles of responsible investment to the money entrusted by its savers.Fondaction was one of the first institutions in Québec to make accountability reports an obligation in an effort to improve its practices and contribute to moving sustainable development forward in Québec. It produced its first report on sustainable development in 2006 in accordance with the international standards of the Global Reporting Initiative (GRI), the highest standards of precision and transparency in economic, social and environmental accountability.In 2010 and 2012, Fondaction remained at the forefront with its 3rd and 4th sustainable development reports, having them reviewed by an independent firm and achieving an application level of A+ from the GRI. Fondaction is the only financial institution in Québec to achieve this level.In 2014, Fondaction tabled its 5th sustainable development report, produced in accordance with the latest GRI guidelines, the G4. Fondaction also opted for Comprehensive compliance, becoming the 1st financial institution in North America and the 9th in the world to voluntarily adhere to these requirements.

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Investment focus

  • Industry: Manufacturing, Information Technology, Software
  • Stage:Private Equity, Debt Financing
  • Geography: Canada, United States, France

Investor stats

  • Total investments: 213
  • Round size: Debt Financing $276k–$11M; Private Equity $750k–$103M
  • Lead/follow: 25% lead, 75% follow
  • Last fund: Likely actively investing — fund raised in 2026

Portfolio highlights

  • Icentia — Icentia provides a range of innovative medical tests for healthcare institutions. They are able to offer valuable solutions for major problems in the field of medical testing.
  • Solar Uniquartier —
  • Turtlebrace — Turtlebrace is more than just an immobilization brace, it's a dynamic and innovative solution.
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Celtic House Asia Partners
VC Fund · Fremont, California, United States · 4 investments in Canada Retail startups

Marketplace, Digital Health, SaaS

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Investment focus

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

Investor stats

  • Total investments: 64
  • Round size: Seed $1.3M–$6M; Pre-Seed $439k–$1.6M; Series A $3.4M–$16M
  • Lead/follow: 28% lead, 72% follow
  • Last fund: Likely still investing — raised $5.1M in 2022

Portfolio highlights

  • WearLinq — WearLinq is a provider of wearable health monitoring and diagnosis solutions. The company's device records a multi-lead ECG and transmits it in real-time with AI to detect typical irregular heart rhythms, including a normal heart rhythm, aFib, bradycardia, and tachycardia, allowing users to discover history and trends, set reminders, andconnect directly with physicians.
  • Snappy — Snappy provides technology to run your restaurant efficiently. Increase sales, streamline customer operations and bring your guests back faster with Snappy.
  • Maple Supply Chain — Maple Supply Chain offers customized supply chain management solutions for brands and manufacturers.
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Real Ventures
VC Fund · Montréal, Quebec, Canada · 3 investments in Canada Retail 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: 276
  • Round size: Seed $700k–$5M; Series A $3.1M–$24M; Series B $2.9M–$50M
  • Lead/follow: 17% lead, 83% follow
  • Last fund: May invest from a new fund soon — raised $140M in 2017

Portfolio highlights

  • 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.
  • SPARK Microsystems — SPARK Microsystems delivers Low Energy Ultra-Wideband (LE-UWB) technology with ultra-low latency, high data throughput, and revolutionary power efficiency.
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Roham Gharegozlou
Angel · San Francisco, California, United States · 3 investments in Canada Retail startups

Roham is founder and CEO of Axiom Zen, an award-winning venture studio that specializes in emerging technology. Axiom Zen’s first public blockchain project, CryptoKitties, is the world’s most successful blockchain game and the first decentralized application to effectively engage a consumer audience. CryptoKitties has been covered by Fortune,Bloomberg, and the BBC, accounting for roughly a quarter of the Ethereum network’s traffic within a week of launch and introducing hundreds of thousands of new users to blockchain technology. Axiom Zen was named first among Canada’s Most Innovative Companies by Canadian Business. Their products have touched 200+ million consumers and are used by the world’s leading companies, including Facebook, Microsoft, and NASA, as well as by eminent academic institutions and government organizations. They pride themselves in diversity of talent: a team of ~80+ creatives includes published authors, over a dozen former founders, diversity from 20+ national origins, and decades of collective experience at startups and Fortune 500s alike. Axiom Zen has been working with Bitcoin and various forms of blockchain and distributed ledger technologies since 2014. Axiom Zen is also the team behind ZenHub, the world’s leading collaboration solution for technical teams using GitHub; and the developer of Timeline, named Apple’s Best App of January, Editor’s Choice in 10 countries, and Best New App in 88 countries. Axiom Zen is the creator of Toby, recognized as Top Chrome Extension of the year by both Google and Product Hunt, and the parent company of Hammer & Tusk, a leader in the world of immersive experiences (AR/VR). Axiom Zen's work has been featured in TIME Magazine, The New York Times, Vice, and Fast Company. History Prior to founding Axiom Zen, Roham served with the Rising Tide Fund bas

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Investment focus

  • Industry: Blockchain, Software, Cryptocurrency
  • Stage:Seed, Series A, Pre-Seed
  • Geography: United States, Canada, Italy

Investor stats

  • Total investments: 50
  • Round size: Seed $890k–$17M; Pre-Seed $470k–$19M; Series A $4M–$30M
  • Lead/follow: 2% lead, 98% follow

Portfolio highlights

  • Code — Code is a Canadian payment platform provider that makes it simple for web developers to collect modest payments from consumers worldwide.
  • Folks Finance — Folks Finance is a permissionless DeFi lending platform where users can lend and borrow crypto across chains, access loans, and manage digital assets in one unified liquidity protocol.
  • Edgen — A multi-chain, modular and open-source protocol providing the tools for developers to create the next generation of social apps.
Show all investments...

Access 48,091 investors

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

Browse database — It's Free!
FundersClub
VC Fund · San Francisco, California, United States · 3 investments in Canada Retail startups

FundersClub focuses on Seed and early stage investments. Investments include Coinbase, Instacart, Flexport, Le Tote, Teespring, Memebox, GitLab.FundersClub is the world's first online venture capital platform. Backed by Y Combinator, First Round Capital, Spark Capital, Intel Capital, Draper, Andreessen Horowitz, Felicis Ventures, and more;FundersClub Inc. was founded in 2012 and is based in the United States.

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Investment focus

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

Investor stats

  • Total investments: 481
  • Round size: Seed $668k–$5M; Pre-Seed $125k–$1.7M; Series A $5M–$25M
  • Lead/follow: 5% lead, 95% follow
  • Last fund: Likely still investing — raised $120k in 2024

Portfolio highlights

  • Klaimee — Certify your AI agent. Get guaranteed. Risk evaluation, certification badge, financial guarantee, and liability insurance for AI agents.
  • Purse — The biggest challenge to Bitcoin commerce is the lack of consumer incentive to spend. Purse generates this incentive in the form of 15% discounts on Amazon. Buyers can purchase bitcoins with a credit card as easily as checking out on Amazon, thus solving the last mile problem.
  • Scape — Scape is an AI email client that proactively drafts replies and surfaces what matters. Built for professionals who live in their inbox.
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ff Venture Capital
VC Fund · New York, New York, United States · 3 investments in Canada Retail startups, 6 in the past 12 months

ff Venture Capital (ffVC) is a technology venture capital firm investing in some of the strongest growth areas to date, including cybersecurity, artificial intelligence, machine learning, drones, enterprise cloud software, and crowdfunding. The firm identifies and invests in technology and technology-enabled companies at its inception acrossgeographies and emerging industries. With three partners and an acceleration team of 20+ investment and operations professionals, ffVC actively participates with founders to develop products, target markets, and accelerate growth. Since 2008, ffVC has invested in over 100 companies and has helped to create companies with an aggregate market value exceeding $6 billion.

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Investment focus

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

Investor stats

  • Total investments: 299
  • Round size: Seed $974k–$4.3M; Series A $1.5M–$12M
  • Lead/follow: 24% lead, 76% follow
  • Last fund: Likely still investing — raised $66M in 2023

Portfolio highlights

  • Nomagic — Nomagic provides robotic systems to automate repetitive pick-and-place tasks in warehouses with efficiency, flexibility and reliability.
  • FlyFocus — FlyFocus specializes in the design and production of unmanned aerial vehicles for the civilian, military, and law enforcement markets. It provides product development and custom engineering services. They also offer mechanical CAD design, electronics, software, simulations, and aerodynamics optimization.
  • Waldo — Waldo is an AI-powered strategy engine for agencies & brands. Get audience insights, industry trends, and competitive intelligence in one powerful platform.
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Thomas Pentz
Angel · Los Angeles, California, United States · 3 investments in Canada Retail startups

Thomas Wesley Pentz, born November 10, 1978, better known by his stage name Diplo, is a Grammy-nominated American DJ, music producer, rapper and songwriter based in Los Angeles, California. He founded and managed the record company Mad Decent and co-founded the non-profit organization Heaps Decent. Among other jobs, he has worked as a schoolteacher in Philadelphia. He is also the co-creator and lead member of the electronic dancehall music project, Major Lazer. His 2013 EP Revolution debuted at number 68 on the US Billboard 200.During his rise to fame, Diplo worked with British musician M.I.A., an artist who is credited with giving him exposure in his early career. Later, he and fellow M.I.A. producer Switch created a Jamaican dancehall project titled Major Lazer. Since then, Diplo has worked on production and mixtape projects with many other notable pop artists, such as Britney Spears, Beyoncé, No Doubt, Justin Bieber, Usher, Snoop Dogg, CL and G-Dragon. His alias, short for Diplodocus, derives from his childhood fascination with dinosaurs. He is the co-producer of several tracks on Madonna's 2015 album Rebel Heart (2015) and he collaborated with Skrillex to create the group Jack Ü.Source:

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Investment focus

  • Industry: Apps, FinTech, Internet
  • Stage:Series A, Seed, Angel
  • Geography: United States, Canada

Investor stats

  • Total investments: 13
  • Round size: Seed $2M–$6.5M; Series A $8M–$87M
  • Lead/follow: 8% lead, 92% follow

Portfolio highlights

  • Certifyde — Certifyde uses real workflow data to recommend the right AI strategy, then orchestrates delivery across every team. Org-level outcomes. Individual AI fluency. Measured at every step.
  • CXIP Labs — Welcome to CXIP Labs, makers of Holograph, a multichain digital asset protocol.
  • Stationhead — Stationhead is the place for music fans around the world to connect, listen live, and stream together.
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Framework Venture Partners
VC Fund · Vancouver, British Columbia, Canada · 3 investments in Canada Retail 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, Artificial Intelligence, SaaS
  • Stage:Series A, Series B, Seed
  • Geography: Canada, United States, United Kingdom

Investor stats

  • Total investments: 43
  • Round size: Seed $2.4M–$8M; Series A $5M–$20M; Series B $3.7M–$220M
  • Lead/follow: 42% lead, 58% follow
  • Last fund: Likely still investing — raised $500k in 2022

Portfolio highlights

  • Quandri — Quandri is a digital worker for insurance brokers & agencies.
  • 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.
  • Airspeed — Airspeed is building powerful, intuitive products that help elite revenue teams sell more effectively
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Hedgewood
VC Fund · Toronto, Ontario, Canada · 3 investments in Canada Retail 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, Series B
  • Geography: Canada, United States, India

Investor stats

  • Total investments: 109
  • Round size: Seed $725k–$4.9M; Series A $7M–$17M; Series B $7.5M–$120M
  • 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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Origin Ventures
VC Fund · Chicago, Illinois, United States · 3 investments in Canada Retail startups, 8 in the past 12 months

Origin Ventures is an early-stage venture capital firm that invests in high-growth software, marketplace, and consumer businesses shaping the 'Digital Native Economy'. Founded in 1999, the firm has the unique distinction of having multiple funds in the top 5% on realized performance. Typical check size is $500K to $8M. Select exitsinclude Grubhub (NYSE: GRUB), BacklotCars, Tock, Ahalogy, and Teem.To learn more, visit www.originventures.com.

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Investment focus

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

Investor stats

  • Total investments: 139
  • Round size: Seed $1M–$6.2M; Series A $2.6M–$17M; Series B $2.3M–$31M
  • Lead/follow: 41% lead, 59% follow
  • Last fund: Likely still investing — raised $97M in 2023

Portfolio highlights

  • R2 Wireless — R2's powerful signal processing uses proprietary RF fingerprinting algorithms to extract unique analog and digital characteristics from each signal.
  • ClearJet — AI-orchestrated parcel infrastructure for enterprise ecommerce shippers. Air, ground and middle mile on one network, with two-day nationwide delivery.
  • Century Health — Accelerating treatments with AI-powered real-world evidence. Century Health does the heavy lifting to rapidly get you the insight you need, all while supporting the research community and protecting patient privacy.
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Venn Growth Partners
VC Fund · Toronto, Ontario, Canada · 3 investments in Canada Retail startups

Venn Growth Partners is a new growth equity fund in process of raising $300M USD to partner with distinctive consumer, health care services.

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Investment focus

  • Industry: Retail, E-Commerce, Pet
  • Stage:Series A, Seed, Series B
  • Geography: United States, Canada

Investor stats

  • Total investments: 9
  • Round size: Series A $3.7M–$13M; Series B $30M–$30M
  • Lead/follow: 78% lead, 22% follow

Portfolio highlights

  • Monos — Travel is what you make of it. For some, it’s an escape from everyday life. But for others, travel is a chance to grow and learn. To explore places near and far with wonder and curiosity, with gratitude and graciousness. To greet the world with open eyes and arms, and open mind and heart. We founded Monos with these travellers in mind, because weare these travellers too.Our name is inspired by the Japanese concept of mono no aware – roughly translated as “the bittersweet poignancy of things”. Like falling cherry blossoms, moments, experiences, and people drift in and out of your life – but it is their impermanence that makes them all the more beautiful. We believe that when we are present in the moment and mindful in our travels – when we are passionate wanderers – that is when the deeper beauty of the world reveals itself.As fellow travellers, we understand that the journey is as important as the destination, and we’ve made it our mission to create thoughtfully designed, functional travel pieces to aid in your wandering, wherever it might lead you. Whether it’s in a far-flung locale or somewhere closer to home, a beautiful moment is waiting to be experienced. Find your moment.
  • Millie — Millie is a new kind of maternity clinic. Built by moms and providers who’ve been there.
  • California Cowboy — High-quality, vintage-inspired casual gear designed in California. Hawaiian print shirts, plush flannels, t-shirts, sweatshirts & more. Our clothes are packed with functional features to up your social game. Shop online.
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Sandpiper Ventures
VC Fund · Halifax, Nova Scotia, Canada · 3 investments in Canada Retail startups

We provide a platform where women investors and founders can radically disrupt the venture capital environment.

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Investment focus

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

Investor stats

  • Total investments: 27
  • Round size: Seed $398k–$3M; Pre-Seed $500k–$1.5M; Series A $911k–$7.3M
  • Lead/follow: 44% lead, 56% follow
  • Last fund: Likely still investing — raised $20M in 2021

Portfolio highlights

  • QuickFacts — Insurance software for brokers. The first website they open in the morning. We save them up to 2 hours every day. Built by brokers for brokers.
  • Reusables.com — Get your favourite food and drinks in Reusables and help reduce single-use packaging from our environment. We help food businesses reduce packaging waste by providing tech enabled reusables that makes it easy for customers to reuse!
  • Future Fertility — Future Fertility is a fertility technology company focused on AI-enabled and non-invasive diagnostic solutions to optimize decision making throughout the IVF journey, maximizing the probability of positive outcomes in IVF workflows. The first product is an egg assessment software, which uniquely provides insights in egg quality and has thepotential to improve success rates of IVF, egg freezing and egg donation cycles.
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Otimo Retail
VC Fund · Montréal, Quebec, Canada · 3 investments in Canada Retail startups

We invest in retail focused technology companies.

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Investment focus

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

Investor stats

  • Total investments: 12
  • Round size: Seed $552k–$800k; Series A $3.1M–$8.5M; Venture - Series Unknown $3M–$3M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Logiwa — Optimize your enterprise warehouse fulfillment operations with Logiwa IO. Scale flawlessly and boost margins with an AI- and cloud-native WMS.
  • XCCommerce — XCCommerce is a leading software development and implementation company that specializes in retail specific solutions.XCCommerce’s team has a proven track record of developing and deploying Promotion Management Solutions, implementing projects on time and on budget, and generating optimal ROI for their customers.XCCommerce has a strong marketpresence and their capabilities in delivering applications are rooted in best practices. Their solutions enable retailers to transform the customer experience and allow seamless interaction with the consumer on their terms.They are trusted with providing focused solutions and dedicated expertise to the retail industry, ranging from Tier 1 retailers to organizations who are growing their brands.
  • Trendalytics Innovation Labs — Discover data-driven insights with Trendalytics AI. Analyze millions of data points to refine product development, craft compelling marketing strategies, and stay ahead of industry trends.
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Panache Ventures
VC Fund · Montréal, Quebec, Canada · 3 investments in Canada Retail 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: 159
  • Round size: Seed $912k–$6M; Pre-Seed $713k–$2.5M; Series A $6.3M–$20M
  • Lead/follow: 14% lead, 86% follow
  • Last fund: Likely still investing — raised $100M in 2022

Portfolio highlights

  • Proof — Make Government Decisions, Better.
  • Ranger AI — Discover how Ranger RFX simplifies proposals with innovative tools designed for manufacturers. Improve accuracy, reduce downtime, and achieve cost savings today.
  • Nord Quantique — Nord Quantique creates quantum processors based on second-generation technology.
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RFI
VC Fund · 2 investments in Canada Retail startups

Pre-Seed and Seed StageVenture Investing We aim to lead the first institutional round for exceptional founders building highly scalable software platforms. We leverage our experience as founders and operators along with customer connections to accelerate the growth of our portfolio companies. Portfolio Exits Prioritize what you can control al February 3, 2022 Founders often ask

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Investment focus

  • Industry: Software, SaaS, Analytics
  • Stage:Seed, Convertible Note, Pre-Seed
  • Geography: Canada, Austria, United States

Investor stats

  • Total investments: 23
  • Round size: Seed $150k–$5.4M; Convertible Note $500k–$1M
  • Lead/follow: 13% lead, 87% follow

Portfolio highlights

  • Flipd — Flipd is the all-in-one productivity app makes you feel good about your progress. Keep track of your productivity, stay motivated, connect with others, and achieve your goals with Flipd.
  • Repable — Repable is an analytics company that is focused on the gaming industry.Repable provides broadcasters, teams, and enterprises with analytics and insights about the gaming and streaming industries to understand the financial and social impact of their interactions with their fans and public.Repable was founded by Sean Power and Heather AnneCarson in September 2015. And it is based in Toronto, Ontario.
  • Litmus Automation — The Industrial Data Platform that helps you get results. Connect, collect, normalize, contextualize, analyze, model, integrate, repeat.
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Valor Equity Partners
VC Fund · Chicago, Illinois, United States · 2 investments in Canada Retail startups

Valor Equity Partners is an operational growth investment firm that focuses on growth companies across various stages of development. For decades, it has served its companies with the expertise to solve the challenges of growth and scale. Valor Equity partners with companies and entrepreneurs who are committed to the highest standards of excellenceand the courage to transform their industries.

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Investment focus

  • Industry: Software, Artificial Intelligence, Information Technology
  • Stage:Series B, Series A, Series C
  • Geography: United States, Israel, India

Investor stats

  • Total investments: 320
  • Round size: Series A $9.3M–$80M; Series B $18M–$200M; Series C $10M–$435M
  • Lead/follow: 28% lead, 72% follow
  • Last fund: Likely actively investing — fresh fund, raised $759M in 2025

Portfolio highlights

  • Midas — Premium mathematical datasets and formal verification tools for AI training
  • CompScience — Kinetic Eye's ground-breaking technology allows for detection of risk within hours rather than days. Protecting your bottom-line and more importantly, your employees.
  • Neros Technologies — Neros is vertically integrating production of unmanned defense systems in the United States, securing the autonomous supply chain. Are you with us?
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BDC IT Venture Fund
VC Fund · Toronto, Ontario, Canada · 2 investments in Canada Retail startups

BDC IT Venture Fund is a venture capital firm that invests in emerging and mid-stage Internet, mobile and enterprise companies in Canada. Its initial investment typically ranges from $2M to $5M in Series A or B rounds with up to $15M invested over the life of the company.

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Investment focus

  • Industry: Software, SaaS, Big Data
  • Stage:Seed, Series A, Venture - Series Unknown
  • Geography: Canada, United States

Investor stats

  • Total investments: 25
  • Round size: Seed $1.2M–$4.9M; Series A $1M–$25M; Venture - Series Unknown $5M–$27M
  • Lead/follow: 16% lead, 84% follow

Portfolio highlights

  • League — Deploy proven solutions live at scale, or build your own on League's healthcare-grade platform. Every path is engineered to deliver completed care.
  • Food.ee — Food.ee is a fun and simple service which delivers meals, snacks, cakes and alcohol to your office! All you need to do it 1. Pick a price point 2. Choose your food type 3. Build a menu. Its that easy.
  • CloudLink Tech — CloudLink data security products provide advanced data security and encryption to secure data in the cloud and virtual environments across nearly any platform.
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Valor Siren Ventures
VC Fund · Chicago, Illinois, United States · 2 investments in Canada Retail startups

Valor Siren Ventures is a joint venture created by Starbucks and Valor .

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Investment focus

  • Industry: Food and Beverage, E-Commerce, Software
  • Stage:Series A, Seed
  • Geography: United States, Brazil, Canada

Investor stats

  • Total investments: 44
  • Round size: Seed $3M–$15M; Series A $6.1M–$20M
  • Lead/follow: 55% lead, 45% follow
  • Last fund: May invest from a new fund soon — raised $100M in 2019

Portfolio highlights

  • David — 28g protein. 150 calories. 0g sugar. More protein and fewer calories help you increase muscle and decrease body fat. ~50% more protein per calorie (CFP) than any bar.
  • The Desire Company — Drive conversions with trusted product reviews from verified experts.
  • The Cumulus Coffee Company — The first coffee system built exclusively for cold and iced coffee. Enjoy nitro cold brew, cold brew, and cold espresso for iced lattes on demand, at the touch of a button. Upgrade to cold coffee perfection, with the ideal system for enjoying exceptional cold coffee at home or in the office. Ready in under 60 seconds.
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Acton Capital
VC Fund · München, Bayern, Germany · 2 investments in Canada Retail startups

Since 1999, Acton Capital invests in tech-enabled business models to create value for the long run. We support world-class teams on their way to market leadership.

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Investment focus

  • Industry: E-Commerce, Internet, Software
  • Stage:Series A, Series B
  • Geography: Germany, United Kingdom, Canada

Investor stats

  • Total investments: 149
  • Round size: Series A $4.5M–$17M; Series B $8.7M–$35M
  • Lead/follow: 48% lead, 52% follow
  • Last fund: Likely still investing — raised $241M in 2023

Portfolio highlights

  • Semeia — Semeia provides software that helps in medical follow-up and consultation.
  • Convelio — Convelio is a global logistics startup specialized in bulky, fragile and high-value items.
  • Jupus — As the first legal AI secretary in Europe, JUPUS automates the entire process from initial client contact to the complete file. Lawyers are supported by an AI chatbot, an online appointment booking tool, and an AI platform that automatically collects and processes inquiries, information, and documents, facilitating automated communication withclients.
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Atlantic Canada Opportunities Agency
VC Fund · Moncton, New Brunswick, Canada · 2 investments in Canada Retail startups, 68 in the past 12 months

The Atlantic Canada Opportunities Agency works to create opportunities for economic growth in Atlantic Canada by helping businesses become more competitive, innovative and productive, by working with diverse communities to develop and diversify local economies, and by championing the strengths of Atlantic Canada. Together, with Atlantic Canadians,we are building a stronger economy.

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Investment focus

  • Industry: Software, Manufacturing, Health Care
  • Stage:Grant, Debt Financing, Seed
  • Geography: Canada, United States, France

Investor stats

  • Total investments: 214
  • Round size: Seed $25k–$2M; Grant $33k–$2.1M; Debt Financing $141k–$1.1M
  • Lead/follow: 82% lead, 18% follow

Portfolio highlights

  • NordSpace — NordSpace develops integrated space mission capabilities focused on providing responsive and scalable access to orbit through its own launch vehicles, satellite systems, and supporting infrastructure. The company is building an end-to-end launch system that includes vehicles such as Tundra and Titan, along with 3D-printed liquid rocket engines anda proprietary small satellite platform designed for various space applications. It is also developing a dedicated spaceport and related infrastructure to support launch operations and enable missions from Earth to space. Its technologies extend to in-space propulsion, defense-oriented programs, and satellite payloads such as edge-AI imaging systems for environmental monitoring and data collection.
  • Ganong Bros — Ganong produces chocolates and candies.
  • Devour! Studios — Devour! Studios is a culinary and cultural hub that provides a versatile space for food, film, arts, performances, workshops, and community events.
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Banana Capital
VC Fund · Ann Arbor, Michigan, United States · 2 investments in Canada Retail startups

Banana Capital is an early stage investment firm

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Investment focus

  • Industry: E-Commerce, Financial Services, Health Care
  • Stage:Seed, Series A, Series B
  • Geography: United States, Canada, France

Investor stats

  • Total investments: 62
  • Round size: Seed $2M–$12M; Series A $8M–$110M; Series B $25M–$260M
  • Lead/follow: 0% lead, 100% follow
  • Last fund: Likely still investing — raised $1.3M in 2024

Portfolio highlights

  • BinStar — BinStar is an e-commerce and retail company that offers users a shopping experience in the form of treasure hunt.
  • Bee — The wearable AI that understands you.
  • Artie — Leverage change data capture to replicate data from databases to your data warehouse or data lake with low latency and no impact to database performance.
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Export Development Canada
VC Fund · Ottawa, Ontario, Canada · 2 investments in Canada Retail 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: 257
  • Round size: Series A $3.7M–$22M; Series B $5M–$50M
  • Lead/follow: 29% lead, 71% 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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The Future Fund
VC Fund · London, England, United Kingdom · 2 investments in Canada Retail startups

The Future Fund is provides government loans to UK-based companies ranging from £125,000 to £5 million.

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Investment focus

  • Industry: Software, FinTech, Financial Services
  • Stage:Venture - Series Unknown, Seed, Convertible Note
  • Geography: United Kingdom, United States, Canada

Investor stats

  • Total investments: 83
  • Round size: Seed $557k–$5.5M; Convertible Note $393k–$7M; Venture - Series Unknown $1.1M–$13M
  • Lead/follow: 20% lead, 80% follow
  • Last fund: May invest from a new fund soon — raised $612M in 2020

Portfolio highlights

  • Omega — Expand Your Global Reach with Omega Business Account - GB IBAN, SWIFT/SEPA Payments & Personal Managers Speaking Your Language.
  • Unwasted — Toto Macau Hari Ini Dan Togel Macau Pools Memberikan Keluaran Macau Tercepat Dari Live Draw Macau Pools Di Data Macau Hari Ini Diambil Dari Live Draw Macau Pools.
  • Sofant Technologies — Sofant is developing a low cost RF MEMS technology that solves power consumption and heat problems in high frequency phased array antenna systems.
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Trybe Ventures
VC Fund · 2 investments in Canada Retail startups

With a history in angel investing and now operating under Trybe Ventures, we invest in early-stage companies with a focus in healthcare, media, sports tech, SaaS, and biotech. The "Y" in Trybe highlights to the founder that this starts with them and our aim is to help catapult their company closer to achieving its goals.

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Investment focus

  • Industry: Sports, Gaming, Retail
  • Stage:Series A, Seed, Series B
  • Geography: United States, Canada, Portugal

Investor stats

  • Total investments: 13
  • Round size: Series A $3.7M–$14M; Series B $58M–$100M
  • Lead/follow: 15% lead, 85% follow
  • Last fund: Likely actively investing — fresh fund, raised $1M in 2026

Portfolio highlights

  • Togethxr — Togethxr is an unapologetic platform that values representation and equality. A meeting place for culture, activism, lifestyle, and sports.
  • ScorePlay — ScorePlay is an AI-powered media asset manager dedicated to sports. The MAM centralizes assets in a single media workspace, with AI-tagging. Distribute to athletes and sponsors automatically through app. Amplify your brand.
  • Unrivaled — A 3v3 league built in collaboration with the biggest stars in women's basketball, co-founded by Napheesa Collier and Breanna Stewart. Launching in January 2025.
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822 industries, 177 countries. Updated daily. Emails and phones included.

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Capital Angel Network
VC Fund · Ottawa, Ontario, Canada · 2 investments in Canada Retail startups

Our goal is to build the region's entrepreneurial community, to make the region the best place to start a business and to facilitate access to investment opportunities for qualified investors.

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Investment focus

  • Industry: Software, Information Technology, SaaS
  • Stage:Seed, Angel, Pre-Seed
  • Geography: Canada, United States

Investor stats

  • Total investments: 100
  • Round size: Seed $183k–$2.7M; Angel $10k–$2M; Pre-Seed $188k–$2M
  • Lead/follow: 17% lead, 83% follow

Portfolio highlights

  • Xatoms — At Xatoms, we clean water with Quantum Chemistry and AI, revolutionizing water purification for communities worldwide. Our innovative approach rapidly identifies new, sustainable materials to remove harmful pollutants and pathogens. We aim to alleviate the burden on women and girls in underrepresented communities, transforming the global landscape of water accessibility and empowering a more equitable world. Xatoms is at the forefront of combining scientific innovation with social change.
  • RainStick — The RainStick shower is a recirculating shower that saves 80% energy and 80% water but still feels like a luxurious shower.
  • Afynia Laboratories — #FemTech startup developing fast, easy-to-use products to fill current gaps in #womenshealth-- starting with at-home testing for #endometriosis.
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Desjardins Venture Capital
VC Fund · Lévis, Quebec, Canada · 2 investments in Canada Retail 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:Venture - Series Unknown, Seed
  • Geography: Canada, United States

Investor stats

  • Total investments: 153
  • Round size: Seed $1M–$5.2M; Venture - Series Unknown $620k–$228M
  • Lead/follow: 9% lead, 91% follow
  • Last fund: May invest from a new fund soon — raised $120M in 2018

Portfolio highlights

  • Vention — Design and order custom industrial equipment in days. Fast and easy-to-use cloud CAD, loaded with modular parts, that ship next day.
  • Inscora — Inscora is the cyber-insurability platform for MSPs and MSSPs. Assess risk, accurately measure client insurability, and unlock new revenue - without adding operational burden.
  • Vosker — Vosker provides remote area monitoring tech enabling you to take things further
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Gen 1 Capital
VC Fund · 2 investments in Canada Retail startups

Investment focus

  • Industry: Retail, Machine Learning, Service Industry
  • Stage:Seed, Series A
  • Geography: Canada

Investor stats

  • Total investments: 2
  • Lead/follow: 50% lead, 50% follow

Portfolio highlights

  • Zippedi — Zippedi serves age-old retail business problems. The company is using AI-powered robots to automate inventory management and retail execution. They provide retailers and CPG manufacturers with the most accurate, actionable data to help them increase sales, labor efficiency, and customer satisfaction and lifetime value.
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Bossa Invest
VC Fund · São Paulo, Sao Paulo, Brazil · 2 investments in Canada Retail startups

Aprenda a Investir em Startups

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Investment focus

  • Industry: Software, Information Technology, Financial Services
  • Stage:Seed, Pre-Seed, Venture - Series Unknown
  • Geography: United States, Brazil, Mexico

Investor stats

  • Total investments: 1320
  • Round size: Seed $193k–$6M; Pre-Seed $50k–$1.3M; Venture - Series Unknown $703k–$50M
  • Lead/follow: 5% lead, 95% follow
  • Last fund: May invest from a new fund soon — raised $362k in 2019

Portfolio highlights

  • Sandwiche — Sandwiche creates customizable link in bio pages enabling social media monetization and affiliate marketing management.
  • Sukha — An all-in-one focus app and distraction blocker for Mac, Windows and Chromebook: AI tasks, binaural music, website and phone blocking, Pomodoro timers.
  • Elemeno Health — Elemeno Health is an intuitive, cloud-based app, customized to specific needs of your hospital or unit. Streamline training and communication, drive best practices, and empower your staff with just-in-time access to critical information.
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Google
VC Fund · Mountain View, California, United States · 2 investments in Canada Retail startups

Google provides the Android operating system, the Chrome web browser, and a search engine to support global connectivity. Its software suite includes productivity tools such as Gmail, Docs, and Calendar, alongside media platforms like YouTube and Google Play. The firm designs hardware, including the Pixel line of smartphones, tablets, and wearabledevices integrated with Wear OS. Through its research divisions, the company creates generative models and tools such as Gemini 3.1 and Veo 3.1 for image creation, video generation, and conversational assistance. Current features include Agentic Vision for visual reasoning and Personal Intelligence, which utilizes Google Photos for contextual content creation.

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Investment focus

  • Industry: Software, Information Technology, Artificial Intelligence
  • Stage:Grant, Seed
  • Geography: United States, India, United Kingdom

Investor stats

  • Total investments: 382
  • Round size: Seed $300k–$9.3M; Grant $50k–$6M
  • Lead/follow: 57% lead, 43% follow
  • Last fund: Likely still investing — raised $120M in 2024

Portfolio highlights

  • Sylica LLC — Infin8t.tech provides state-of-the-art AI-powered customer support infrastructure for businesses of all sizes. Create, deploy, and manage intelligent chatbots trained on your specific content for personalized and efficient customer interactions that scale with your business needs.
  • Fervo Energy — Fervo Energy delivers 24/7 carbon-free energy through development of next-generation geothermal projects.
  • Commonwealth Fusion Systems — The fastest path to clean, limitless fusion energy.
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Canada Economic Development for Quebec Regions
VC Fund · 2 investments in Canada Retail startups, 54 in the past 12 months

Canada Economic Development for Quebec funding and support for SMEs and economic non-profit organizations (NPOs) in all regions of Quebec.

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Investment focus

  • Industry: Manufacturing, Industrial, Construction
  • Stage:Grant, Debt Financing, Post-IPO Debt
  • Geography: Canada, France, Luxembourg

Investor stats

  • Total investments: 123
  • Round size: Grant $100k–$3.7M; Debt Financing $100k–$1.4M
  • Lead/follow: 97% lead, 3% follow

Portfolio highlights

  • La Ruche — La Ruche is a non-profit organization that offers a crowdfunding platform that contributes in economic development of projects.
  • Hydrep Hydraulic Repair Center — Hydrep Hydraulic Repair Center designs and manufactures prototypes and series products for electro-hydraulic applications.
  • Moteurs électriques Laval ltée — Moteurs électriques Laval ltée offers expertise in sale and repair of electric motors and in the integration of variable speed controllers.
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Andreas Penna
Angel · Miami Beach, Florida, United States · 2 investments in Canada Retail startups

Andreas Penna - Co-Founder & General Partner @ West Quad Ventures

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Investment focus

  • Industry: Mobile Apps, FinTech, Machine Learning
  • Stage:Seed, Series A, Pre-Seed
  • Geography: United States, Brazil, Canada

Investor stats

  • Total investments: 36
  • Round size: Seed $400k–$8.6M; Series A $5M–$34M
  • Lead/follow: 11% lead, 89% follow

Portfolio highlights

  • Bonsai — Bridging content and commerce. Bonsai brings together products people love and the content they can't get enough of.
  • Rain — Rain Instant Pay Earned Wage Access grants you a chance to get an advance on your salary before thepay date right into your bank account. Get your Salary Today!
  • Public — Invest in stocks. Learn from others. Public lets you invest in stocks with any amount of money and see what others invest in.
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Rho Canada Ventures
VC Fund · New York, New York, United States · 2 investments in Canada Retail startups

Rho Canada Ventures is a division of Rho Capital Partners focusing on early-stage investing in Canada’s most innovative technology companies.The Rho Canada Ventures team comprises a unique combination of entrepreneurial, operational, and venture investment experience in the United States and Canada. With a combined 80 years of experience, RhoCanada Ventures offers entrepreneurs the expertise to turn Canadian innovators into global leaders. Rho Canada Ventures' portfolio companies are a diverse group of investments that span new media, mobile applications, wireless infrastructure, semiconductors and materials, and software.

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Investment focus

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

Investor stats

  • Total investments: 40
  • Round size: Seed $168k–$2M; Series A $750k–$8M; Series B $4.3M–$37M
  • Lead/follow: 38% lead, 62% follow
  • Last fund: May invest from a new fund soon — raised $98M in 2012

Portfolio highlights

  • Sportlogiq — Sportlogiq is a venture-backed startup that develops sports statistics solutions. Using feeds from current broadcast cameras, the company uses player tracking and activity recognition to analyze player movement and provide context to game analysis. Sportlogiq was founded in 2014 and is headquartered in Montreal, Canada.
  • Auvik Networks — Auvik’s cloud-based network management software keeps IT networks around the world running optimally. By automating and simplifying network management, Auvik helps rocket an IT team’s efficiency and capacity, while protecting the business from network risk. Auvik is one of the fastest growing North American technology companies, and is winner ofthe Deloitte Technology Fast 50, Deloitte Fast 500, and recognized as the #1 ranked Canadian company in the FT Americas’ Fastest Growing Companies 2020. Visit www.auvik.com or follow @AuvikNetworks on Twitter. Auvik is a registered trademark of Auvik Networks Inc.
  • Resson — Curate a collection of unforgettable quotes from celebrities that inspire, amuse, or provoke thought. This section showcases their wisdom and wit, resonating with audiences.
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Russell Cook
Angel · San Francisco, California, United States · 2 investments in Canada Retail startups

Russell is the Co-Founder & President of FitOn, Founder of AllTrails (sold to Spectrum Equity), former SVP Operations / Angel Investor @ Postmates (sold to Uber) and former CTO of beRecruited (sold to The Raine Group). He studied electrical engineering, computer science and economics while attending Duke University.

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Investment focus

  • Industry: Wellness, Logistics, Health Care
  • Stage:Seed, Series C, Series D
  • Geography: United States, Canada

Investor stats

  • Total investments: 21
  • Round size: Seed $750k–$13M; Series C $50M–$125M; Series D $80M–$1B
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Pacaso — Pacaso offers luxury vacation homes for co-ownership. It's the modern way to buy and own a vacation home.
  • Rain — Rain Instant Pay Earned Wage Access grants you a chance to get an advance on your salary before thepay date right into your bank account. Get your Salary Today!
  • Serve Robotics — Why move a 2-pound burrito in a 2-ton car? Meet Serve, the future of sustainable, self-driving delivery.
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Inovia Capital
VC Fund · Montréal, Quebec, Canada · 2 investments in Canada Retail 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: 410
  • Round size: Seed $1M–$8.3M; Series A $2.3M–$20M; Series B $5M–$65M
  • Lead/follow: 37% lead, 63% follow
  • Last fund: Likely still investing — raised $300M in 2024

Portfolio highlights

  • Modem — Your dev team's auto-triage Product Manager
  • Cohere — Cohere builds powerful models and AI solutions enabling enterprises to automate processes, empower employees, and turn fragmented data into actionable insights.
  • TripleLift — Turn fragmented media into a coordinated system. TripleLift connects data, creative, and supply to drive measurable advertising outcomes.
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Brightspark Ventures
VC Fund · Montréal, Quebec, Canada · 2 investments in Canada Retail 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 $55M in 2023

Portfolio highlights

  • Coral — Coral is a virtual care clinic that provides evidence-based, personalized support for perimenopause and menopause, weight loss and longevity.
  • Pricepoint — Pricepoint is an autonomous AI agent that optimizes your hotel pricing in real time. Maximize revenue, eliminate manual work, and stay competitive 24/7.
  • Brickeye — Brickeye IoT solutions monitor assets and processes across various industries and generate data and insights for better decision making.
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HSG
VC Fund · Hong Kong, Hong Kong Island, Hong Kong · 2 investments in Canada Retail startups

HSG is a leading venture capital and private equity firm investing globally in the technology, healthcare, and consumer sectors.

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Investment focus

  • Industry: Artificial Intelligence, Biotechnology, Software
  • Stage:Series B, Series A, Seed
  • Geography: China, United States, Australia

Investor stats

  • Total investments: 970
  • Round size: Seed $2M–$50M; Series A $4.4M–$100M; Series B $12M–$226M
  • Lead/follow: 45% lead, 55% follow
  • Last fund: Likely still investing — raised $2.5B in 2024

Portfolio highlights

  • Z.ai — The AI Lab behind GLM models, dedicated to inspiring the development of AGI to benefit humanity. https://t.co/gOw7WpwkJt https://t.co/ot9sGVXU8x
  • Hypershell — An exoskeleton innovator reshaping lifestyles and enabling technology to empower life.
  • Suisheng Technology — Suisheng Technology is an innovative company specializing in AI-driven memory services, dedicated to developing intelligent solutions that help individuals and businesses capture, organize, and retrieve important information with greater efficiency and precision.
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SaskWorks Venture Fund
VC Fund · Regina, Saskatchewan, Canada · 2 investments in Canada Retail startups

SaskWorks Venture Fund is a Saskatchewan-based retail mutual fund that invests in privately-held small and medium-sized businesses owned or primarily operated in Saskatchewan. As a labour-sponsored venture capital corporation (LSVCC), investments in SaskWorks are eligible to receive a tax credit equal to 35% in addition to their RRSP tax deferral.Since its inception, the Fund has provided a unique opportunity for Saskatchewan residents to keep their investment dollars at home, helping to grow local companies and creating jobs in their province.

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Investment focus

  • Industry: Oil and Gas, Energy, Manufacturing
  • Stage:Seed, Venture - Series Unknown
  • Geography: Canada, United States

Investor stats

  • Total investments: 59
  • Round size: Seed $931k–$5.8M; Venture - Series Unknown $325k–$3M
  • Lead/follow: 5% lead, 95% follow
  • Last fund: May invest from a new fund soon — raised $40M in 2018

Portfolio highlights

  • 54e Dev Studios — 54e Dev Studios creates unique robotics and gaming experiences using real-time communication technologies.
  • Ground Truth Agriculture — Ground Truth Ag revolutionizes precision farming with automated grain grading solutions. Our cutting-edge technology provides real-time, accurate grain quality monitoring, optimizing productivity for farmers and agribusinesses. Discover the future of agtech with us.
  • Cadence — Cadence's Executor Assistant helps surviving family members to complete benefits claims, notifications, account subscriptions, and other tasks after a death.
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ClearAngel
VC Fund · Toronto, Ontario, Canada · 2 investments in Canada Retail startups

Clearco funds direct-to-consumer ecommerce brands. Clearco is the best funding alternative to ecommerce loans to fund inventory, marketing bills, and logistics for your ecommerce business.

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Investment focus

  • Industry: Fashion, E-Commerce, Retail
  • Stage:Angel, Seed, Pre-Seed
  • Geography: United States, Canada, United Kingdom

Investor stats

  • Total investments: 16
  • Round size: Seed $10k–$400k; Angel $10k–$10k
  • Lead/follow: 100% lead, 0% follow

Portfolio highlights

  • Mobobaby — The Mobobaby Nursing Cover + Hat is the only breastfeeding cover up worn by baby. The innovative, breathable nursing cover is a great hooter hider so you can enjoy covered goods. Recommended by lactation consultants, baby sleep consultants, and sleep trainers, it is one of the best, unique baby gifts.
  • Better Rhodes — Curated Collection of Alcohol-Free Beer, Wine, and Spirits. We host the best in non-alcoholic beers, wines, spirits, mocktail kits, gift boxes, and more.
  • Everlasting Adult Pleasure — Everlasting Adult Pleasure focuses on top-tier, personalized customer service.
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ChileGlobal Ventures
VC Fund · Vitacura, Region Metropolitana, Chile · 2 investments in Canada Retail startups

ChileGlobal Ventures is promote the growth of dynamic and innovative startups for the benefit of Chile and the world.

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Investment focus

  • Industry: Software, Artificial Intelligence, Information Technology
  • Stage:Venture - Series Unknown, Seed, Series A
  • Geography: Chile, United States, Canada

Investor stats

  • Total investments: 52
  • Round size: Seed $100k–$2.5M; Series A $1.4M–$7.3M; Venture - Series Unknown $100k–$3.8M
  • Lead/follow: 19% lead, 81% follow
  • Last fund: May invest from a new fund soon — raised $30M in 2021

Portfolio highlights

  • INDIMIN — INDIMIN is a platform that transforms data into productivity and connects artificial intelligence, people for sustainable mining. It creates a new state of play in the mining industry that achieves the triple digital impact: solutions that integrate the environment, people, and operational efficiency.
  • DataRoot — DataRoot provides data science and AI solutions, helping businesses leverage data for growth and optimization.
  • Poliglota — Poliglota was founded in 2012 and aims at changing the way people learn languages. It gathers people in small social groups in coffee places instead of classrooms, led by expert teachers, and using a social methodology. It is based on a program of innovative and social activities, focusing on social skills that create faster and more effectivelearning progress. Poliglota won the Avonni award for Innovation, was selected by the IDB as one of the disruptive educational innovations in Latin America, and is selling over USD $2 M in language plans, while they keep expanding their model.
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LOI Venture
VC Fund · Vancouver, British Columbia, Canada · 2 investments in Canada Retail startups

LOI Venture is a $20M Pre-Seed Fund focused on founders aged 17-25 attending the League of Innovators Program.

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Investment focus

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

Investor stats

  • Total investments: 26
  • Round size: Seed $100k–$5.3M; Pre-Seed $100k–$1.2M; Series A $3.4M–$15M
  • Lead/follow: 19% lead, 81% follow

Portfolio highlights

  • MeepMeep — MeepMeep offers bluetooth disc golf disc trackers with app-based location and alarm features for easier disc retrieval.
  • Superpanel — The digital teammate that manages inbound customer journeys from qualification, follow-up, document collection, and scheduling. Across voice, SMS, and email. Autonomously. 24/7.
  • Layers — Layers was created by a team with extensive experience in merchandising, product discovery, suggestions, analytics, and storefront optimization.
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MATH Venture Partners
VC Fund · Chicago, Illinois, United States · 2 investments in Canada Retail startups

MATH Venture Partners is no longer making new investments. The firm continues to support its existing portfolio.

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Investment focus

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

Investor stats

  • Total investments: 79
  • Round size: Seed $1M–$4M; Series A $4.2M–$15M; Series B $3.6M–$40M
  • Lead/follow: 19% lead, 81% follow
  • Last fund: May invest from a new fund soon — raised $46M in 2019

Portfolio highlights

  • ChefHero — notch simplifies wholesale food and beverage ordering for restaurants and suppliers of all sizes. Make all your orders, chat, and pay in one place.
  • Markit.io — Building tools to supercharge recruiters
  • Pie Systems — Pie Systems - Easy tax free shopping and VAT refunds for merchants, business owners, travelers, and tourists through our web, iOS, and Android Pie VAT app. No forms, no waiting in line, and higher refunds.
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West Quad Ventures
VC Fund · New York, New York, United States · 2 investments in Canada Retail startups

West Quad Ventures invest in startups that aspire to be leaders in their respective category, teams we believe in with an emphasis on what’s good for the world!

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Investment focus

  • Industry: Software, Financial Services, FinTech
  • Stage:Seed, Series A, Pre-Seed
  • Geography: United States, Brazil, India

Investor stats

  • Total investments: 52
  • Round size: Seed $400k–$8.6M; Series A $5M–$34M
  • Lead/follow: 4% lead, 96% follow

Portfolio highlights

  • katch — AI call assistant designed to make your calls purposeful and efficient.
  • Ding Dong — Ding Dong is an online supermarket. They offer products ranging from fresh fruits and veggies to drinks, and all come in only 10 minutes to your door.
  • StayTuned — StayTuned is building a suite of tools to help high growth e-commerce brands grow even faster. Our focus is on Shopify, the go-to platform for e-commerce brands. We are backed by top tier institutional VCs and well known angel investors.
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Two Small Fish Ventures
VC Fund · Toronto, Ontario, Canada · 2 investments in Canada Retail 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: 45
  • Round size: Seed $1.8M–$16M; Series A $5.2M–$25M
  • Lead/follow: 11% lead, 89% follow
  • Last fund: Likely still investing — raised $18M in 2022

Portfolio highlights

  • Haply — Haply is a robotics company that provides haptic devices, prototyping, firmware, and virtual learning assistance.
  • YScope — YScope is a software development company that provides log management and troubleshooting tools for automated failure prediction.
  • 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.
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Tom Williams
Angel · San Francisco, California, United States · 2 investments in Canada Retail startups

Tom Williams

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Investment focus

  • Industry: Software, Health Care, Financial Services
  • Stage:Seed, Series A, Series B
  • Geography: United States, Canada, India

Investor stats

  • Total investments: 77
  • Round size: Seed $1.3M–$5M; Series A $7M–$21M; Series B $10M–$67M
  • Lead/follow: 5% lead, 95% 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.
  • North One — NorthOne is an online Business Account with built-in features to make business banking fast and easy. No overdraft fees. No minimum balance. No hidden fees.
  • Possible Finance — Get money in minutes, build credit history and avoid hidden fees with Possible Finance. Apply in the app with just a few taps and manage money on your terms.
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Retail Investor funding in Canada at a glance

Stats across 419 deals from 467 investors.

467
investors
in Canada Retail startups
419
deals
in Canada Retail startups
$2M
median round
in Canada Retail startups
43%
lead investors
lead at least one round
19%
Seed
most common funding stage
87/13
VC / Angel
share of investor count

Access all 467 investors in Canada Retail startups.

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