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Top 50 Retail VC Funds & Investors in Canada (November 2026)

The most active venture capital funds 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
10 Canada, United States, United Kingdom Seed, Series A, Venture - Series Unknown Software, Information Technology, Artificial Intelligence $182k–$35M
MaRS Investment Accelerator Fund
VC Fund
9 Canada, United States Seed, Pre-Seed, Series A Software, Artificial Intelligence, Health Care $400k–$11M
Fondaction
VC Fund
5 Canada, United States, France Venture - Series Unknown, Private Equity, Debt Financing Manufacturing, Software, Information Technology $276k–$150M
Bedrock
VC Fund
5 United States, Canada, India Seed, Series A, Series B Software, Information Technology, SaaS $1.8M–$100M
Real Ventures
VC Fund
4 Canada, United States, Australia Seed, Series A, Series B Software, Artificial Intelligence, Machine Learning $592k–$47M
ScaleUP Ventures
VC Fund
4 Canada, United States, Egypt Series A, Seed, Series B Software, SaaS, FinTech $100k–$65M
Celtic House Asia Partners
VC Fund
4 Canada, United States, Hong Kong Seed, Series A, Pre-Seed Software, Health Care, Artificial Intelligence $439k–$16M
Hedgewood
VC Fund
3 Canada, United States, India Seed, Series A, Series B Health Care, Software, E-Commerce $500k–$120M
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
ff Venture Capital
VC Fund
3 United States, Poland, Canada Seed, Series A Software, Artificial Intelligence, Information Technology $974k–$12M
Capital Angel Network
VC Fund
3 Canada, United States Seed, Angel, Pre-Seed Software, Information Technology, SaaS $10k–$2.7M
Origin Ventures
VC Fund
3 United States, Canada, France Series A, Series B, Seed Software, Information Technology, Artificial Intelligence $1M–$31M
Panache Ventures
VC Fund
3 Canada, United States, Israel Seed, Pre-Seed, Series A Software, Artificial Intelligence, Information Technology $713k–$20M
Framework Venture Partners
VC Fund
3 Canada, United States, United Kingdom Series A, Series B, Seed Software, Artificial Intelligence, SaaS $2.4M–$220M
Version One Ventures
VC Fund
3 United States, Canada, India Seed, Series A, Series B Software, Internet, Blockchain $1M–$55M
Atlantic Canada Opportunities Agency
VC Fund
3 Canada, United States, France Grant, Debt Financing, Seed Manufacturing, Software, Health Care $25k–$2M
FundersClub
VC Fund
3 United States, Canada, India Seed, Series A, Pre-Seed Software, Artificial Intelligence, SaaS $125k–$22M
Inovia Capital
VC Fund
3 Canada, United States, United Kingdom Seed, Series A, Series B Software, Artificial Intelligence, FinTech $1M–$65M
Prairies Economic Development Canada
VC Fund
3 Canada, United States, Spain Grant, Debt Financing, Venture - Series Unknown Manufacturing, Non Profit, Software $176k–$3M
Otimo Retail
VC Fund
3 Canada, United States Seed, Series A, Venture - Series Unknown Software, Retail Technology, Retail $552k–$8.5M
37 Angels
VC Fund
3 United States, Canada, United Kingdom Seed, Angel, Pre-Seed Software, Health Care, E-Commerce $40k–$3M
Plaza Ventures
VC Fund
2 Canada, United States, Israel Series A, Series B Software, FinTech, E-Commerce $2.2M–$70M
Portage Ventures
VC Fund
2 United States, Canada, United Kingdom Seed, Series A, Series B FinTech, Financial Services, Software $2M–$80M
Canada Economic Development for Quebec Regions
VC Fund
2 Canada, France, Luxembourg Grant, Debt Financing, Post-IPO Debt Manufacturing, Industrial, Construction $100k–$5M
Brightspark Ventures
VC Fund
2 Canada, United States Series A, Seed, Series B Software, SaaS, Mobile $1.8M–$30M
Fastbreak Ventures
VC Fund
2 Canada Seed, Pre-Seed, Angel Software, Artificial Intelligence, FinTech $25k–$5.4M
Valor Equity Partners
VC Fund
2 United States, Israel, Canada Series B, Series A, Series C Software, Artificial Intelligence, Financial Services $9.2M–$435M
BDC IT Venture Fund
VC Fund
2 Canada, United States, United Kingdom Seed, Venture - Series Unknown, Series A Software, SaaS, E-Commerce $1M–$27M
The Future Fund
VC Fund
2 United Kingdom, United States, Canada Venture - Series Unknown, Seed, Convertible Note Software, FinTech, Financial Services $393k–$13M
Desjardins Venture Capital
VC Fund
2 Canada, United States Venture - Series Unknown, Seed Software, Manufacturing, Information Technology $600k–$228M
ClearAngel
VC Fund
2 United States, Canada, United Kingdom Angel, Seed, Pre-Seed Fashion, E-Commerce, Retail $10k–$400k
MATH Venture Partners
VC Fund
2 United States, Canada, Denmark Seed, Series A, Pre-Seed Software, Mobile, SaaS $850k–$15M
ChileGlobal Ventures
VC Fund
2 Chile, United States, Canada Seed, Venture - Series Unknown, Series A Software, Artificial Intelligence, Information Technology $95k–$7.3M
Second Avenue Capital Partners
VC Fund
2 United States, Canada, Japan Debt Financing, Post-IPO Debt Fashion, Retail, E-Commerce $12M–$126M
Bossa Invest
VC Fund
2 United States, Brazil, Mexico Seed, Pre-Seed, Venture - Series Unknown Software, Information Technology, Financial Services $50k–$36M
Heron Rock Fund
VC Fund
2 United States, Canada, India Seed, Series A Software, Health Care, SaaS
The Syndicate.com
VC Fund
2 United States, Australia, Brazil Seed, Pre-Seed, Series A Software, E-Commerce, Internet $100k–$16M
SaskWorks Venture Fund
VC Fund
2 Canada, United States Venture - Series Unknown, Seed Oil and Gas, Energy, Manufacturing $931k–$7M
True.
VC Fund
2 United Kingdom, United States, France Seed, Pre-Seed, Series A E-Commerce, Fashion, Retail
Social Ventures Zone
VC Fund
2 Canada Pre-Seed, Grant E-Commerce, Food and Beverage, Retail
Horizons Ventures
VC Fund
2 United States, United Kingdom, Canada Series A, Series B, Seed Software, Artificial Intelligence, Biotechnology $900k–$110M
Wesley Clover
VC Fund
2 Canada, United Kingdom, France Seed, Series A Software, SaaS, Information Technology $327k–$8M
Impression Ventures
VC Fund
2 Canada, United States Seed, Series A, Series B Financial Services, FinTech, Software $951k–$52M
LOI Venture
VC Fund
2 Canada, United States, Israel Seed, Pre-Seed, Series A Software, SaaS, Internet $100k–$15M
Golden Ventures
VC Fund
2 Canada, United States, United Kingdom Seed, Series A, Series B Software, Artificial Intelligence, Information Technology $1.5M–$49M
Bearing Capital
VC Fund
2 Israel, United States, Canada Series A, Venture - Series Unknown, Seed Software, E-Commerce, B2B $5M–$11M
Gen 1 Capital
VC Fund
2 Canada Seed, Series A Retail, Machine Learning, Service Industry
Trybe Ventures
VC Fund
2 United States, Canada, Portugal Series A, Seed, Series B Sports, Gaming, Retail $3.7M–$100M
Access all 442 VC funds 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 · 10 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 strong Canadian 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:Seed, Series A, Venture - Series Unknown
  • Geography: Canada, United States, United Kingdom

Investor stats

  • Total investments: 628
  • Round size: Seed $182k–$4M; Series A $2.7M–$21M; Venture - Series Unknown $1.4M–$35M
  • Lead/follow: 24% lead, 76% follow
  • Last fund: Likely still investing — raised $500M in 2022

Portfolio highlights

  • Optosecurity — PAX CHECKPOINT combines automated screening lanes with a screening software to create a fully integrated checkpoint solution.
  • TechInsights — TechInsights is a technology company that offers intellectual property consulting, patent brokerage services, and technical analysis.TechInsights offers IP advisory and consulting services; technical investigation and reverse engineering; market intelligence and device teardown and analysis; patent management software and tools; andmore.TechInsights is headquartered in San Francisco, California with additional offices in Ottawa, Canada; Austin, U.S.A.; Tokyo, Japan; Shanghai, China; Warsaw, Poland; Taipei, Taiwan; Seoul, Korea; and Tel Aviv, Israel.
  • Gemin X Pharmaceuticals — Own Geminx.com today. Secure checkout and guided transfer support. No hidden fees.
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MaRS Investment Accelerator Fund
VC Fund · Toronto, Ontario, Canada · 9 investments in Canada Retail startups, 8 in the past 12 months

Working with Ontario talent to develop World Class Companies Learn More

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Investment focus

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

Investor stats

  • Total investments: 199
  • Round size: Seed $400k–$4M; Pre-Seed $409k–$1.5M; Series A $2.3M–$11M
  • Lead/follow: 17% lead, 83% follow
  • Last fund: May invest from a new fund soon — raised $8.5M in 2014

Portfolio highlights

  • thri5 — Thri5 develops software that connects retail data, people, and AI agents through a System of Actions. The platform monitors sales, margin, inventory, availability, and other operational data to identify exceptions and opportunities. It prioritizes signals, assigns ownership, coordinates workflows across retail teams, and supports execution through copilots and automation. The system also provides traceability and measures outcomes such as sales, margin, and inventory accuracy.
  • Sprout Family — Sprout Family is a digital concierge service based in Canada, focusing on assisting individuals and families on their journey to build a family. The company offers a range of services tailored to personal family-building needs, including insurance and employee benefit funds. With a team of 10 employees, Sprout Family aims to provide comprehensivesupport and resources for Canadians looking to navigate the complexities of family planning and growth. The platform offers users the ability to access their Sprout benefits online, ensuring a seamless and supportive experience.
  • Daedal Systems — Daedal Systems delivers instrumentation integration and contract development services for the clean tech nuclear sector. The company focuses on fusion energy and small modular reactor projects that require specialized plasma and reactor diagnostics. Its teams design and integrate diagnostic suites that provide parametric, temporal, and spatial coverage of plasma behavior to support measurement and validation. Offerings include neutron-hardened instrumentation, temperature sensing, and coolant analysis tailored for next-generation nuclear systems. Daedal Systems supports reactor developers by acting as an outsourced partner for diagnostics architecture so customers can concentrate on core power plant systems. The company also provides neutronics modeling and engineering services for both fission and fusion hardware design.
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Fondaction
VC Fund · Clarke City, Quebec, Canada · 5 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, Software, Information Technology
  • Stage:Venture - Series Unknown, Private Equity, Debt Financing
  • Geography: Canada, United States, France

Investor stats

  • Total investments: 223
  • Round size: Debt Financing $276k–$10M; Private Equity $750k–$103M; Venture - Series Unknown $1M–$150M
  • Lead/follow: 24% lead, 76% follow
  • Last fund: Likely actively investing — fund raised in 2026

Portfolio highlights

  • Solar Uniquartier —
  • Turtlebrace — Turtlebrace is more than just an immobilization brace, it's a dynamic and innovative solution.
  • Assembler AI — Assembler AI is an industrial AI company that focuses on improving manual manufacturing operations.
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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: 93
  • Round size: Seed $1.8M–$8M; Series A $6M–$15M; Series B $20M–$100M
  • Lead/follow: 35% lead, 65% 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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Real Ventures
VC Fund · Montréal, Quebec, Canada · 4 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, Australia

Investor stats

  • Total investments: 309
  • Round size: Seed $592k–$5M; Series A $3.7M–$24M; Series B $2.9M–$47M
  • Lead/follow: 17% lead, 83% follow
  • Last fund: May invest from a new fund soon — raised $140M in 2017

Portfolio highlights

  • Axya — Axya is a procurement execution platform for manufacturers. Use AI to run sourcing, purchase orders, and supplier follow-up alongside your ERP.
  • DropGenie — DropGenie is building connected hardware to automate gene editing. They are accelerating the pace of discovery through the generation of standardized and compatible scientific information.
  • Nord Quantique — Nord Quantique creates quantum processors based on second-generation technology.
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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: 58
  • Round size: Seed $100k–$7.5M; Series A $2M–$17M; Series B $15M–$65M
  • Lead/follow: 22% lead, 78% 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 — Same team, new platform. Brands run creator programs on Endlss. Creators get paid for what they sell.
  • 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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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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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: 114
  • Round size: Seed $500k–$4.9M; Series A $5.1M–$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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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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Access 48,091 investors

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

Browse database — It's Free!
Sandpiper Ventures
VC Fund · Halifax, Nova Scotia, Canada · 3 investments in Canada Retail startups

Sandpiper Ventures is a high-conviction early-stage fund turning missed opportunities into strategic advantage. 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: 28
  • Round size: Seed $398k–$3M; Pre-Seed $500k–$1.5M; Series A $911k–$7.3M
  • Lead/follow: 43% lead, 57% follow
  • Last fund: May invest from a new fund soon — raised $20M in 2021

Portfolio highlights

  • CURA — CURA removes cement's process emissions upstream with electrochemical technology. Deep decarbonization without replacing feedstocks, plants, or standards.
  • 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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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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Capital Angel Network
VC Fund · Ottawa, Ontario, Canada · 3 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: 101
  • Round size: Seed $250k–$2.7M; Angel $10k–$2M; Pre-Seed $188k–$2M
  • Lead/follow: 18% lead, 82% 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 — Keluaran sgp hari ini dan pengeluaran sgp tercepat menyediakan hasil togel singapore pools melalui tabel data sgp prize. Angka keluar sgp terbaru ditampilkan melalui siaran live draw sgp.
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Origin Ventures
VC Fund · Chicago, Illinois, United States · 3 investments in Canada Retail startups, 6 in the past 12 months

Origin Ventures targets investments during initial funding cycles, specifically managing financing rounds for software developer operations, marketplaces, and service providers. Its primary investment focus includes entities engineering artificial intelligence infrastructure, native automation software, and frontier computing models designed to optimize business operations. The firm supports its financial investments by maintaining a collaborative advisory network of startup operators and investment professionals to guide portfolio companies as they expand.

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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: 140
  • 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

  • VECKTA — VECKTA is the Energy Transition Market Platform. VECKTA integrates the world’s most advanced energy system engineering tools with an end-to-end marketplace to integrate and accelerate the development of distributed energy systems (DES) and microgrid projects. VECKTA empowers businesses and communities to quickly and easily baseline their energysituation today, customize a solution specific to their needs (cost, reliability and/or emissions) and then seamlessly engage and contract the best equipment, services, and capital providers in the market to finance, deploy and operate it sustainably and profitably.
  • ClearJet — AI-orchestrated parcel infrastructure for enterprise ecommerce shippers. Air, ground and middle mile on one network, with two-day nationwide delivery.
  • Century Health — Century Health turns specialty-practice EHR data into de-identified, research-grade disease registries for life sciences teams and AI labs.
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Panache Ventures
VC Fund · Montreal, Quebec, Canada · 3 investments in Canada Retail startups, 9 in the past 12 months

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: 161
  • 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

  • Biossil — Biossil is an applied AI drug discovery platform to create specialized treatments for distinct patients.
  • Nord Quantique — Nord Quantique creates quantum processors based on second-generation technology.
  • Daedal Systems — Daedal Systems delivers instrumentation integration and contract development services for the clean tech nuclear sector. The company focuses on fusion energy and small modular reactor projects that require specialized plasma and reactor diagnostics. Its teams design and integrate diagnostic suites that provide parametric, temporal, and spatial coverage of plasma behavior to support measurement and validation. Offerings include neutron-hardened instrumentation, temperature sensing, and coolant analysis tailored for next-generation nuclear systems. Daedal Systems supports reactor developers by acting as an outsourced partner for diagnostics architecture so customers can concentrate on core power plant systems. The company also provides neutronics modeling and engineering services for both fission and fusion hardware design.
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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 the AI-native platform that turns every customer conversation into automated CRM updates, proactive deal intelligence, and coaching, so your reps sell, not type.
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Version One Ventures
VC Fund · Vancouver, British Columbia, Canada · 3 investments in Canada Retail startups

Version One Ventures backs mission-driven founders who are early in new areas.

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Investment focus

  • Industry: Software, Internet, Blockchain
  • Stage:Seed, Series A, Series B
  • Geography: United States, Canada, India

Investor stats

  • Total investments: 168
  • Round size: Seed $1M–$5.7M; Series A $4M–$24M; Series B $8M–$55M
  • Lead/follow: 23% lead, 77% follow
  • Last fund: Likely actively investing — fresh fund, raised $78M in 2026

Portfolio highlights

  • rio.ai — rio.ai provides an online pharmacy and shopping assistant accessed through WhatsApp. It supports orders for prescription and over-the-counter medicines, personal care products, baby items, nutraceuticals, ayurvedic products, food, and pet supplies. Customers can describe their needs in text or send a product image, after which Rio connects the request with available suppliers and arranges delivery. The service operates across Noida and the Delhi NCR region.
  • Pilot Protocol — Pilot Protocol is an open-source network for AI agents: addresses, encrypted tunnels and trust, about 430 live data agents, an App Store and Pilot Cloud.
  • Arctus Aerospace — We build unmanned airplanes for zero infrastructure earth observation. We fly at 45,000 feet for 24 hours at a go
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Atlantic Canada Opportunities Agency
VC Fund · Moncton, New Brunswick, Canada · 3 investments in Canada Retail startups, 124 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: Manufacturing, Software, Health Care
  • Stage:Grant, Debt Financing, Seed
  • Geography: Canada, United States, France

Investor stats

  • Total investments: 270
  • Round size: Seed $25k–$2M; Grant $36k–$981k; Debt Financing $111k–$1M
  • Lead/follow: 86% lead, 14% follow

Portfolio highlights

  • M&M Service — M&M Service is an industrial service provider specializing in comprehensive mechanical repair and precision metal fabrication. The company operates dedicated service divisions to support heavy industries, including transportation, construction, manufacturing, and utilities.
  • Ann-Lab Sucrerie — Ann-Lab Sucrerie Ltée is a commercial maple syrup harvesting and production company. The enterprise focuses on modernizing traditional agro-forestry practices through technical automation and sustainable structural expansions
  • Eagle Falls Campground — Eagle Falls Campground is a rustic, family-owned nature retreat designed as a peaceful getaway to help travelers reconnect with nature, soak in scenic views, and get quality rest. Operating seasonally from late spring through autumn, the property balances a wild, nature-first environment with highly attentive customer service.
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FundersClub
VC Fund · San Francisco, California, United States · 3 investments in Canada Retail startups, 8 in the past 12 months

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: 605
  • Round size: Seed $500k–$4.6M; Pre-Seed $125k–$1.7M; Series A $3M–$22M
  • Lead/follow: 4% lead, 96% follow
  • Last fund: Likely still investing — raised $120k in 2024

Portfolio highlights

  • Scape — Scape is an AI email client that proactively drafts replies and surfaces what matters. Built for professionals who live in their inbox.
  • Numeral — We fully manage the headaches of sales tax so you can get back to real work. Get started for free today!
  • Neuron Industries — Neuron Industries develops AI-native industrial controllers to replace traditional PLCs, enabling deterministic factory automation via plain English. Neuron Industries was founded in 2026 by Dennis Ren and Kenneth Rhee.
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Inovia Capital
VC Fund · Montreal, Quebec, Canada · 3 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, FinTech
  • Stage:Seed, Series A, Series B
  • Geography: Canada, United States, United Kingdom

Investor stats

  • Total investments: 427
  • 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 — Modem gives your whole team one living record of what customers said, what you're building, and what shipped. Connect any agent, or use ours.
  • Cohere — Cohere builds powerful models and AI solutions enabling enterprises to automate processes, empower employees, and turn fragmented data into actionable insights.
  • Wealthsimple — Being better than a bank means more of everything. Spend, trade and invest with Wealthsimple.
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Prairies Economic Development Canada
VC Fund · Edmonton, Alberta, Canada · 3 investments in Canada Retail startups

Prairies Economic Development Canada (PrairiesCan) is the department that diversifies the economy across the Canadian Prairies. PrairiesCan leads in building a strong, competitive Canadian economy by supporting business, innovation and community economic development unique to Alberta, Saskatchewan and Manitoba.

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Investment focus

  • Industry: Manufacturing, Non Profit, Software
  • Stage:Grant, Debt Financing, Venture - Series Unknown
  • Geography: Canada, United States, Spain

Investor stats

  • Total investments: 242
  • Round size: Grant $176k–$3M; Debt Financing $332k–$2.8M; Venture - Series Unknown $384k–$1.5M
  • Lead/follow: 95% lead, 5% follow

Portfolio highlights

  • Solo Italia Fine Pasta — Solo Italia Fine Pasta specializes in handcrafted, small-batch Italian food products that blend traditional family heritage recipes with high-quality Western Canadian durum wheat. The business operates as a rapidly growing brand under its parent company, Southwest Terminal (SWT), a producer-owned grain handler.
  • Energy Transition Centre foundation — The ETC Foundation is a vibrant center that brings together players from academia, industry, government, and the larger innovation ecosystem to create vital answers to climate concerns and spur innovation.
  • Alberta Machine Intelligence Institute — One of Canada’s three National AI Institutes in the Pan-Canadian AI Strategy, Amii is an Alberta-based non-profit institute that supports world-leading research in artificial intelligence and machine learning and translates scientific advancement into industry adoption. Amii grows AI capabilities through advancing leading-edge research, deliveringexceptional educational offerings and providing business advice – all with the goal of building in-house AI capabilities.
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Otimo Retail
VC Fund · Westmount, 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 $3.2M–$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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37 Angels
VC Fund · New York, New York, United States · 3 investments in Canada Retail startups

Community of women angel investors that offers angel investing training for investors

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Investment focus

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

Investor stats

  • Total investments: 184
  • Round size: Seed $40k–$3M; Angel $45k–$1M; Pre-Seed $90k–$1.1M
  • Lead/follow: 5% lead, 95% follow

Portfolio highlights

  • Waku — Deliciously replenishing herbal tea with prebiotic powers and 0g of added sugar. Experience Sunrise on the Inside.
  • Sayso — Sayso is a cocktail company that produces and sells tea bag products.
  • Veracity — Veracity creates a personal skincare experience based on real data about your hormones and biofactors through our Skin + Health test.
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Plaza Ventures
VC Fund · Toronto, Ontario, Canada · 2 investments in Canada Retail startups

Plaza Ventures’ micro-fund model was designed to efficiently pool capital from the firms high-net-worth investor community into annual investment vehicles targeting a basket of Series A and Series B investments. These micro-funds have built a proven track record, backing successful entrepreneurs through multiple funding rounds.Half of each PVFund is allocated to new companies with proven business models ($3M+ annual revenues) that are resistant to macro-economics and need capital to meet current demand. The remaining capital is re-invested into 4-5 successful businesses from prior funds.Plaza Ventures identifies as sector agnostic but has an affinity for, as well as expertise in enterprise SaaS, location-based services, IoT, Smart City, digital media, and marketplaces.

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Investment focus

  • Industry: Software, FinTech, E-Commerce
  • Stage:Series A, Series B
  • Geography: Canada, United States, Israel

Investor stats

  • Total investments: 19
  • Round size: Series A $2.2M–$70M; Series B $5M–$30M
  • Lead/follow: 5% lead, 95% follow

Portfolio highlights

  • Super.com — Through rich rewards and everyday savings, Super helps you access more of what you want at better prices, escape overspending, and level up life.
  • Neo Financial — At Neo, we're innovating to make saving, spending and getting rewarded even more rewarding.
  • SenseNet Inc. — Wildfire Detection in Minutes. Advanced Integration of Ground Sensors, Cameras, and Satellite Technologies.
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Portage Ventures
VC Fund · Toronto, Ontario, Canada · 2 investments in Canada Retail startups, 27 in the past 12 months

Portage Ventures is a global fintech-focused venture capital investor. The firm makes early-stage investments in promising Canadian financial tech companies that have potential for global impact.

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Investment focus

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

Investor stats

  • Total investments: 168
  • Round size: Seed $2M–$20M; Series A $6M–$32M; Series B $7.7M–$80M
  • Lead/follow: 42% lead, 58% follow
  • Last fund: Likely still investing — raised $451M in 2022

Portfolio highlights

  • getquin — Check out a getquin investor portfolio, its positions, dividends and real-time performance.
  • Nesto — LOW FROM THE GET GO. With nesto's exclusive mortgage solution, score the lowest rate on your first try! New mortgage - Mortgage Renewal / Refinance.
  • KOHO Financial — Open an everyday spending account online with instant cash back & premium rewards. Join over 1.5M Canadians using KOHO's prepaid Mastercard to spend, save, build and borrow. Sign up in minutes!
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Canada Economic Development for Quebec Regions
VC Fund · 2 investments in Canada Retail startups, 55 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: 126
  • Round size: Grant $100k–$5M; Debt Financing $111k–$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.
  • Gilbert — Gilbert offers sawmilling equipment, forestry attachments, utility track vehicles and snow groomers, and vibratory pile drivers and extractors
  • Xona — Xona's Pulsar service is the first high-performance alternative to GPS designed to support the age of autonomy. Our constellation of smallsats will provide secure navigation and timing services with the resilience and accuracy needed to enable modern devices to operate safely in any conditions.
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Brightspark Ventures
VC Fund · Montreal, Quebec, Canada · 2 investments in Canada Retail startups

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 find exceptional 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, Mobile
  • 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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Fastbreak Ventures
VC Fund · Toronto, Ontario, Canada · 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, Artificial Intelligence, FinTech
  • Stage:Seed, Pre-Seed, Angel
  • Geography: Canada

Investor stats

  • Total investments: 25
  • Round size: Seed $150k–$5.4M; Angel $462k–$540k; Pre-Seed $25k–$1.4M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Summatti — Summatti is an AI-powered platform that gives you actionable insights from all of your customer interactions to grow your business.
  • BuyProperly — BuyProperly is an online exchange for fractional real estate investments. Through a proprietary technology platform, BuyProperly provides private market returns, public market ease of access, and the ability to build a property portfolio. The company has set out to democratize investments in real estate with a vision of improving access andeliminating inefficiencies of alternate asset class investments for the mass market.
  • Haloo — Navigating the trademark search and registration process can be daunting and onerous for business owners and entrepreneurs. Heirlume is the first self-serve online trademark search and registration platform that integrates sophisticated legal thinking with technology. We make the complex trademark search and registration process fast, accurate,trusted and affordable for entrepreneurs and enterprise/e-com partners. Our search tool instantly runs the country-specific legal tests (i.e., “likelihood of confusion”) and performs lawyer analysis. Intelligent search algorithms provide an at-a-glance opinion of registerability (conflicts, descriptiveness, obscenity), displayed in simple visuals. Distilling the multiple data sets involved with drafting a trademark application requires time-consuming legal analysis. Our machine learning auto-suggest trademark application builder performs the lawyer work and removes room for error. While our first go to market strategy will target SME individual users, we see huge potential in expanding our market reach through key B2B partnerships as an upsell/add-on to a domain purchase (GoDaddy), or store set-up (Shopify or Amazon). Ultimately, we believe we can make trademark registration quick, easy and affordable, similar to the experience of registering a domain.
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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 excellence and the courage to transform their industries.

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Investment focus

  • Industry: Software, Artificial Intelligence, Financial Services
  • Stage:Series B, Series A, Series C
  • Geography: United States, Israel, Canada

Investor stats

  • Total investments: 337
  • Round size: Series A $9.2M–$80M; Series B $18M–$230M; Series C $12M–$435M
  • Lead/follow: 30% lead, 70% follow
  • Last fund: Likely actively investing — fresh fund, raised $759M in 2025

Portfolio highlights

  • 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.
  • Atomic Machines — Atomic Machines is building the Matter Compiler, an AI-native, all-digital manufacturing system that builds working micro-machines directly from code, and PrimeSwitch, its first product family.
  • Bedrock Robotics — Advanced Autonomy for the Built World
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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, E-Commerce
  • Stage:Seed, Venture - Series Unknown, Series A
  • Geography: Canada, United States, United Kingdom

Investor stats

  • Total investments: 42
  • Round size: Seed $1M–$4.9M; Series A $1.3M–$25M; Venture - Series Unknown $3.2M–$27M
  • Lead/follow: 17% lead, 83% 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.
  • CrowdRiff — Elevate your travel marketing with CrowdRiff. Find tools to source user-generated visuals, create authentic videos, and manage digital assets.
  • TouchBistro — TouchBistro is an all-in-one restaurant management system. Advanced features. Intuitive platform. Increase sales, delight guests, save time and money. Learn more!
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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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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, Manufacturing, Information Technology
  • Stage:Venture - Series Unknown, Seed
  • Geography: Canada, United States

Investor stats

  • Total investments: 171
  • Round size: Seed $1M–$5.2M; Venture - Series Unknown $600k–$228M
  • Lead/follow: 8% lead, 92% 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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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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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, Pre-Seed
  • Geography: United States, Canada, Denmark

Investor stats

  • Total investments: 83
  • Round size: Seed $1M–$4M; Pre-Seed $850k–$2.1M; Series A $4.2M–$15M
  • Lead/follow: 20% lead, 80% 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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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:Seed, Venture - Series Unknown, Series A
  • Geography: Chile, United States, Canada

Investor stats

  • Total investments: 54
  • Round size: Seed $95k–$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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Second Avenue Capital Partners
VC Fund · Great Neck, New York, United States · 2 investments in Canada Retail startups

Second Avenue Capital Partners (SACP) provides capital solutions that offer maximum liquidity and flexibility.

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Investment focus

  • Industry: Fashion, Retail, E-Commerce
  • Stage:Debt Financing, Post-IPO Debt
  • Geography: United States, Canada, Japan

Investor stats

  • Total investments: 14
  • Round size: Debt Financing $12M–$126M
  • Lead/follow: 79% lead, 21% follow

Portfolio highlights

  • RUDSAK Inc — Proudly designed in Canada since 1994. Explore our premium designs, crafted to perform with luxe details.
  • Mirai Casting Group — Mirai Casting Group focused on casting services, likely in manufacturing or metalworking contexts.​
  • American Signature Furniture — American Signature Furniture is a Sectionals, sofas and couches, living rooms, bedrooms, dining rooms, reclining furniture, mattresses, home decor, and accessories. Home furnishings, Internet retail services are also provided. online order and delivered at the customer location. accessories like adjustable beds, bed frames, and Mattress protectors& sheets. products for the living room are designed to their customer's needs. chair, sofa, and living room set are also they providing finance for the furniture.
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Bossa Invest
VC Fund · São Paulo, Sao Paulo, Brazil · 2 investments in Canada Retail startups, 33 in the past 12 months

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: 2047
  • Round size: Seed $178k–$5.8M; Pre-Seed $50k–$2M; Venture - Series Unknown $632k–$36M
  • Lead/follow: 3% lead, 97% follow
  • Last fund: Likely actively investing — fund raised in 2025

Portfolio highlights

  • FFID — FFID develops AI chatbot platform automating customer communication, lead generation, and marketing workflows.
  • SprayX — Company specialized in interactive process control to evaluate and guarantee the quality of agricultural spraying with excellence. Empowers, leads and monitors applicators in Application Technology tasks.
  • Sandwiche — Sandwiche creates customizable link in bio pages enabling social media monetization and affiliate marketing management.
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Heron Rock Fund
VC Fund · Ottawa, Ontario, Canada · 2 investments in Canada Retail startups

Tom Williams | Heron Rock. Angel investments.

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Investment focus

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

Investor stats

  • Total investments: 61
  • Lead/follow: no public data

Portfolio highlights

  • Helaina — Helaina builds better breast milk alternatives for the modern parent. It is dedicated to supporting parents with breastfeeding. It was founded in 2019 by Laura Katz and is headquartered in New York.
  • Jumbotail — Jumbotail is an operator of an online marketplace that simplifies food and grocery shopping.Jumbotail is a VC funded startup building an online marketplace for food and grocery, targeted at wholesale buyers. It also operates a marketplace that connects tens of thousands of these Kirana stores with brands and traders. The company offers a wholesuite of services including supply chain logistics, a mobile app for placing orders, integration with point-and-sales devices, and credit solutions to shop owners that can’t easily get a loan from banks.They offer a wide selection of high-quality staples, homecare, packaged foods, and personal care products from all the leading brands, and staples producers. Their vision is to organize the food and grocery ecosystem in India using technology, data science, and design. They are building products, platforms, and services for the next billion people of India, who have fundamentally different needs - access, language, selection, supply chain, financial, cultural, and the like. Their market potential is huge - in the order of hundreds of billions of dollars. They have a strong core team consisting of alumni from Stanford, CMU, IIT, BITS, etc. having several years of industry experience in companies like Amazon, Flipkart, eBay, BCG, Housing, and Grofers.They are reimagining and reengineering the food and grocery ecosystem through intelligent technology, intuitive design, and innovative business and supply chain models. They are a passionate team driven by their sense of purpose to solve a critical real-world problem. Each team member will have significant ownership of key components that go into the next-generation e-commerce, supply chain, demand generation, and credit technology platforms and services that they are building.
  • Aifleet — aifleet is a tech-powered trucking company based in Austin, TX. The company is using proprietary technology to rebuild and humanize trucking for hard-working drivers.
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The Syndicate.com
VC Fund · San Francisco, California, United States · 2 investments in Canada Retail startups

Angel invest in pre-seed through late-stage startups alongside LAUNCH, Jason Calacanis, and 10,000+ accredited investors.

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Investment focus

  • Industry: Software, E-Commerce, Internet
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United States, Australia, Brazil

Investor stats

  • Total investments: 157
  • Round size: Seed $1.2M–$4.9M; Pre-Seed $100k–$2.7M; Series A $5.3M–$16M
  • Lead/follow: 1% lead, 99% follow

Portfolio highlights

  • ZioSec — Continual validation of AI defenses, sitting between AI agents and the people who need to trust them.
  • Braintrust — Braintrust platform matches highly qualified, certified teachers, and learning specialists with the students for private tutoring.
  • Final Boss Sour — The final boss of sour candy
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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:Venture - Series Unknown, Seed
  • Geography: Canada, United States

Investor stats

  • Total investments: 60
  • Round size: Seed $931k–$5.8M; Venture - Series Unknown $1M–$7M
  • Lead/follow: 7% lead, 93% follow
  • Last fund: May invest from a new fund soon — raised $40M in 2018

Portfolio highlights

  • Clear Cost — ClearCost operates a fertilizer trading platform focused on price transparency.
  • 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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True.
VC Fund · London, England, United Kingdom · 2 investments in Canada Retail startups

A unique model for investing, innovating & growing

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Investment focus

  • Industry: E-Commerce, Fashion, Retail
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United Kingdom, United States, France

Investor stats

  • Total investments: 67
  • Lead/follow: no public data

Portfolio highlights

  • Fable — Fable Home dinnerware brings people together for love, laughter, and storytelling by delivering gorgeous cutlery, tableware, and glassware at affordable prices.
  • Shellworks — Reimaging nature's packaging with beautifully sustainable, truly compostable alternatives to plastic for cosmetics and beauty products.
  • Awe Inspired — We believe in fine jewelry as a vehicle for empowerment. Shop our collection of goddess necklaces, coin necklaces, earrings, bracelets, rings and more.
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Social Ventures Zone
VC Fund · 2 investments in Canada Retail startups

Investment focus

  • Industry: E-Commerce, Food and Beverage, Retail
  • Stage:Pre-Seed, Grant
  • Geography: Canada

Investor stats

  • Total investments: 11
  • Lead/follow: 9% lead, 91% follow

Portfolio highlights

  • Deaf AI — AI Deaf :AI Innovations for Deaf people
  • Eat Impact — Eat Impact is a food delivery service platform that gathers food from local restaurants customizes a food package box.
  • The Green Line — The Green Line is a local news outlet that provide local news and information about the community.
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Horizons Ventures
VC Fund · Hong Kong, Hong Kong Island, Hong Kong · 2 investments in Canada Retail startups

Investing in the deep science and technology that can propel humanity towards a radically better future.

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Investment focus

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

Investor stats

  • Total investments: 357
  • Round size: Seed $900k–$10M; Series A $4.8M–$42M; Series B $10M–$110M
  • Lead/follow: 43% lead, 57% follow

Portfolio highlights

  • HZO — HZO delivers customized protective nano and conformal coatings that safeguard electronics from the most demanding environments. It provides water protection solutions for electronics manufacturers by introducing a durable film to components during assembly. The company specializes in the fields of nanotechnology, waterproofing, electronics,nano-coating, full-submersion.It was founded in 2011 and headquartered in Morrisville, North Carolina.
  • FiSee AI — FiSee AI is an academic vertical AI search service provider.
  • Atomo Coffee — Atomo Coffee is a developer of molecular coffee. Atomo has reverse-engineered the coffee bean to create a smooth cup of coffee, made of naturally derived ingredients, and more sustainable than current commercial coffee.
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Wesley Clover
VC Fund · Ottawa, Ontario, Canada · 2 investments in Canada Retail startups

Wesley Clover is a private, global investment management firm and holding company, enabling entrepreneurs, innovation and technology worldwide.

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Investment focus

  • Industry: Software, SaaS, Information Technology
  • Stage:Seed, Series A
  • Geography: Canada, United Kingdom, France

Investor stats

  • Total investments: 69
  • Round size: Seed $327k–$1.5M; Series A $458k–$8M
  • Lead/follow: 51% lead, 49% follow

Portfolio highlights

  • Validient — Validient is a digital client onboarding system for law firms, real estate agents, and other regulated businesses.
  • VizioSense — VizioSense optimizes operations of Cities and Companies through Edge AI computer vision sensors respecting people's privacy.
  • Martello Technologies — Prioritize and resolve performance problems and optimize the Microsoft 365 and Teams user experience with Martello Vantage DX.
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Impression Ventures
VC Fund · Toronto, Ontario, Canada · 2 investments in Canada Retail startups

VC firm focused on investing in FinTech and related technology companies.

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Investment focus

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

Investor stats

  • Total investments: 39
  • Round size: Seed $951k–$6M; Series A $4M–$17M; Series B $25M–$52M
  • Lead/follow: 41% lead, 59% follow
  • Last fund: Likely still investing — raised $64M in 2022

Portfolio highlights

  • 401GO — 401GO provides a comprehensive 401k solution for small businesses of all sizes, from a single to thousands of employees. Ongoing administration is automated with payroll integrations while compliance, government filings, notifications, and all other responsibilities are handled by the company.
  • Sensibill — Sensibill is a solution for financial institutions and banks to collect, synthesize, and action customer spend data to personalize at scale. Schedule a free demo now!
  • Finaeo — Finaeo is powering the future of life and health insurance with our all-in-one platform. Our digital marketplace connects carriers, brokers and clients through a fully-integrated experience.
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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 — Trackers for seniors that help families quickly locate lost hearing aids, glasses and other essentials. MeepMeep makes everyday items easy to find.
  • 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 — Enterprise search, visual discovery, and merchandising control for Shopify Plus. Up to 40% cheaper than legacy platforms.
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Golden Ventures
VC Fund · Toronto, Ontario, Canada · 2 investments in Canada Retail startups, 9 in the past 12 months

Golden Ventures is a leading seed-stage venture capital fund, based in Toronto and investing across North America. We back bold teams and their transformative ideas.

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Investment focus

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

Investor stats

  • Total investments: 207
  • Round size: Seed $1.5M–$7.5M; Series A $6.5M–$32M; Series B $10M–$49M
  • Lead/follow: 18% lead, 82% follow
  • Last fund: Likely still investing — raised $103M in 2024

Portfolio highlights

  • Biossil — Biossil is an applied AI drug discovery platform to create specialized treatments for distinct patients.
  • Smplify — Smplify provides device management infrastructure for security and IT platforms. Its API connects Apple, Google, Microsoft, and Linux device-management capabilities without requiring a separate agent. The platform supports Declarative Device Management and webhooks for event-driven workflows. It also provides multi-tenant organization management and role-based access control for platforms serving multiple enterprises.
  • Brodie Rec Leagues — Brodie Rec Leagues specializes in basketball tournaments, leagues, and training.
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Bearing Capital
VC Fund · Herzliya, Tel Aviv, Israel · 2 investments in Canada Retail startups

Bearing Capital is private, family-backed investment firm focused on investments in innovative, high-growth consumer companies

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Investment focus

  • Industry: Software, E-Commerce, B2B
  • Stage:Series A, Venture - Series Unknown, Seed
  • Geography: Israel, United States, Canada

Investor stats

  • Total investments: 6
  • Round size: Series A $5M–$11M; Venture - Series Unknown $6.5M–$10M
  • Lead/follow: 17% lead, 83% follow

Portfolio highlights

  • Hubba — Hubba is a software company that uses a combination of machine learning and personal curation to match brands with buyers. It also serves as a commerce network designed to empower independent companies to connect on business opportunities to grow their business.Hubba allows buyers to discover new products to meet their customer demands. Throughthis, brands get increased distribution for their products. Currently, Hubba powers over 75,000 small-medium businesses.It was founded in January 2011 and is based in Toronto, ON.
  • Pango — Pango is the world's most advanced pay-by-cell solution for parking. Pango allows drivers to pay for parking on the street instead of feeding the meters, at Parking Garages by using their phones as a remote control for the gate, and at Valet Parking where they can let the attendants know that they are on the way back to the garage and have their car ready for them in no time. Pango already works in 60 cities around the world, processing close to 2,000,000 parking transactions each month! Pango also enables the local businesses around the parking spaces to advertise to the parkers, offering them parking validation and additional location based coupons.
  • BLender — BLender also differentiates itself through DirectMatch, its portfolio creator, and Re-BLend, a secondary trading market within the company. Prosper and LendingClub allow lenders to invest in a variety of loans in small increments to diversify and reduce risk. BLender optimizes this process with its matching algorithm that automatically spreadslenders’ money over a wide variety of loans. With Re-BLend, lenders can buy and sell loans and portfolios among themselves, a service that is not provided by LendingClub and outsourced by Prosper.
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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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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: 14
  • Round size: Series A $3.7M–$14M; Series B $58M–$100M
  • Lead/follow: 14% lead, 86% follow
  • Last fund: Likely actively investing — fresh fund, raised $1M in 2026

Portfolio highlights

  • Togethxr — A media and commerce company where representation and equality is the norm.
  • Bet on Her — Bet on Her is an independent woman-owned media collective that focuses on leagues, athletes and communities.
  • 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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Retail VC funding in Canada at a glance

Stats across 476 deals from 442 investors.

442
investors
in Canada Retail startups
476
deals
in Canada Retail startups
$1.5M
median round
in Canada Retail startups
45%
lead investors
lead at least one round
20%
Seed
most common funding stage

Access all 442 VC funds in Canada Retail startups.

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