Top 10 Social Impact VC (Venture Capital) Funds in Canada in February 2025

Last updated: Feb 2025 A list of 10 VC (Venture Capital) funds that invest in Social impact startups based in Canada. We rank investors based on the number of investments they made in Social impact companies from Canada. We update this investor list every month.

Top 10 Social Impact VC (Venture Capital) Funds in Canada in February 2025

Investor	Social Impact Canada investments
Magna International	1
Market Readiness	1
Angel One Network	1
NorthSpring Capital Partners	1
Scotiabank	1
BDC Venture Capital	1
Ontario Centres of Excellence	1
RBC Capital	1
Active Impact Investments	1
Thin Air Labs	1

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Investor list

Magna is a leading global automotive supplier with 317 manufacturing operations and 83 product development, engineering and sales centres in 29 countries. Magna has over 130,000 employees focused on delivering superior value to our customers through innovative products and processes, and World Class Manufacturing. Magna's product capabilitiesinclude producing body, chassis, interior, exterior, seating, powertrain, electronic, vision, closure and roof systems and modules, as well as complete vehicle engineering and contract manufacturing.

Investment focus

Automotive, Software, Transportation
Series B, Funding Round, Series A
United States, Israel, Canada

Portfolio highlights

Yulu — Yulu is a micro-mobility platform that is solving for traffic congestion and air pollution in India by providing human and battery powered micro-light 2 wheelers. Yulu uses IoT, Cloud, and AI to create a vast network of shared dockless vehicles that can be rented easily by an app in pay per use business model.
Cartken — Launch your robot fleet with us. The AI powering our robots makes them the safest and most reliable in the market today.
Sanctuary Cognitive Systems Corporation — Sanctuary AI is an artificial general intelligence company founded in January 2018, and is based in Vancouver, B.C. Sanctuary's mission is to build synthetic humans – “synths” – that are indistinguishable from us physically, cognitively and emotionally. The company is structured to explore both cutting edge technology and the ethical issuesthat arise from creating human-like machines.

NorthSpring Capital Partners provides risk capital to small and medium sized companies with the goal of creating value. Investments range between $250,000 and $1 million in the form of subordinated debt and/or equity across a variety of traditional industries located in Southern Ontario. NorthSpring takes a flexible approach when reviewinginvestment opportunities and tailors its investment structure to fit the unique aspects of the business.

Investment focus

Health Care, Medical Device, Software
Seed, Pre-Seed, Series A
Canada, United States

Portfolio highlights

Oncoustics AI — Oncoustics is creating and deploying advanced AI solutions for low cost, non-invasive surveillance, diagnostics, and treatment monitoring of diseases with high unmet clinical need. Unlike other players in the space, Oncoustics does not do image recognition. Instead, Oncoustics applies AI to raw ultrasound signals from readily available handheldultrasound devices to rapidly differentiate healthy versus diseased tissues. There's a wealth of information in these raw signals and this approach reveals novel biomarkers that can be aligned with existing standards and categorization systems. Initially targeting liver disease, a $30B global diagnostic market, Oncoustics has filed a Breakthrough Device Designation Request with the FDA for the OnX that detects liver fibrosis and the 510K is underway. Several follow-on liver products are in development. Oncoustics also has clinical data on other organ indications including prostate, kidney, breast and thyroid diseases and cancers.
Rehabtronics — Rehabtronics devices are proven to help people recover movement after central or peripheral nervous system injury or disease.
Able Innovations — Able Innovations is developing advanced medical devices to tackle the pressing problem of patient transfer in healthcare.

Scotiabankers are committed to helping individuals, companies, and communities to thrive in a changing world. From personal and business banking, brokerage, and insurance, to private wealth, and the most sophisticated commercial, corporate and institutional services, they serve the diverse needs of some 21 million customers in more than 55countries.Founded in 1832 in Halifax, Nova Scotia, their growth has always been fuelled by the success of their customers and their longevity secured by an unshakable commitment to carefully and expertly managing risk and capital.That focus on doing what's right for customers—short- andlong-term—has made us a global financial services leader.Headquartered in Canada, they are over 86, 000 Scotiabankers strong. Each of us are committed to being the best at understanding their customers' needs and all of us working together to deliver practical advice and relevant solutions that help their customers become financially better off.

Investment focus

Energy, Oil and Gas, Mining
Post-IPO Debt, Debt Financing, Post-IPO Equity
Canada, United States, Brazil

Portfolio highlights

QScale — QScale is an IT company that provides high-Performance computing centers with Energy Recovery.
Grenergy — Grenergy specializes in research and development and sales of energy-saving power management chips. The company was founded in August 2016 and is headquartered in Nanjing, China.
Grenergy Renovables — Entwicklung von Photovoltaik und Speicher Projekten und Speicher Projekten mit Grenergy. Willkommen bei Grenergy

Thin Air Labs is the leading investment firm in Canada focused on the growth asset class in innovation and technology. We currently have 24 companies in our portfolio. We believe in igniting venture growth for greater human impact.