# Top 50 Artificial intelligence VC (Venture Capital) Funds in Canada in October 2023

## Real Ventures
- Type: VC Fund
- Location: Montréal, Quebec, Canada
- Relevant deals: 39
- Stages: Seed, Series A, Series B
- Focus: Software, Artificial Intelligence, Machine Learning

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

## MaRS Investment Accelerator Fund
- Type: VC Fund
- Location: Toronto, Ontario, Canada
- Relevant deals: 25
- Stages: Seed, Pre-Seed, Series A
- Focus: Software, Artificial Intelligence, SaaS

Working with Ontario talent to develop   World Class Companies    Learn More

## BDC Venture Capital
- Type: VC Fund
- Location: Calgary, Alberta, Canada
- Relevant deals: 25
- Stages: Series A, Seed
- Focus: Software, Information Technology, Internet

BDC Venture Capital is a major venture capital investor in Canada, active at every stage of the company's development cycle, from seed through expansion, with a focus on technology-based businesses that have high growth potential and that are positioned to become dominant players in their markets. The company helps create and develop strongCanadian businesses through financing, consulting services and securitization, with a focus on small and medium-sized enterprises.BDC Venture Capital has been involved in venture capital since 1975 and has to date invested in more than 400 companies involved in the areas of Life Sciences, Telecommunications, Information Technology and Advanced Technologies.

## Panache Ventures
- Type: VC Fund
- Location: Montréal, Quebec, Canada
- Relevant deals: 19
- Stages: Seed, Pre-Seed, Series A
- Focus: Software, Information Technology, Artificial Intelligence

Canada's leading nationwide pre-seed venture fund.

## Anges Quebec
- Type: VC Fund
- Location: Quebec, Quebec, Canada
- Relevant deals: 18
- Stages: Seed, Angel
- Focus: Health Care, Software, Artificial Intelligence

Value-added investors for innovative entrepreneurs.

## Ontario Centres of Excellence
- Type: VC Fund
- Location: Toronto, Ontario, Canada
- Relevant deals: 17
- Stages: Seed, Grant, Pre-Seed
- Focus: Software, Information Technology, Health Care

The Ontario Centres of Excellence invests in projects and people to accelerate industry R&D to impact the Ontario economy through the commercialization of leading edge research.OCE invests in- Industry-Academic collaborative research- Commercialization of academic research through licensing and spin off companies- Early stage seedfinancing of start-ups- Skills development for high quality personnelThe Ontario Centres of Excellence is a not-for-profit corporation founded in 1987. Core funding is provided by the Ontario Ministry of Research and Innovation

## Inovia Capital
- Type: VC Fund
- Location: Montréal, Quebec, Canada
- Relevant deals: 17
- Stages: Seed, Series A, Series B
- Focus: Software, SaaS, E-Commerce

We support entrepreneurs at every stage of their journey and build technology companies that generate a positive impact on society.

## Golden Ventures
- Type: VC Fund
- Location: Toronto, Ontario, Canada
- Relevant deals: 16
- Stages: Seed, Series A, Series B
- Focus: Software, Artificial Intelligence, Information Technology

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.

## New Brunswick Innovation Foundation
- Type: VC Fund
- Location: Fredericton, New Brunswick, Canada
- Relevant deals: 15
- Stages: Seed, Grant
- Focus: Software, Information Technology, Analytics

Director of Investments Every half-year, the Canadian Venture Capital Association (CVCA) reports on the status of venture capital investment in Canada, and the 2021-H1 edition is impressive.

## Business Development Bank of Canada
- Type: VC Fund
- Location: Montréal, Quebec, Canada
- Relevant deals: 14
- Stages: Series A, Seed
- Focus: Software, Information Technology, Manufacturing

We are BDC, the bank for Canadian entrepreneurs. We support small and medium-sized businesses in all industries and at every stage of growth with money and advice. We are the Business Development Bank of Canada. 

## Desjardins Venture Capital
- Type: VC Fund
- Location: Lévis, Quebec, Canada
- Relevant deals: 13
- Stages: Seed, Series A
- Focus: Software, Information Technology, Manufacturing

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.

## Brightspark Ventures
- Type: VC Fund
- Location: Montréal, Quebec, Canada
- Relevant deals: 12
- Stages: Series A, Seed, Series B
- Focus: Software, Machine Learning, SaaS

Brightspark Ventures invests in early stage Canadian software companies.Brightspark has been investing in the Canadian VC industry since 1999. Over the last 20 years, the company has refined its focus to the point where it choose what it believes to be the best early-stage opportunities in the market. The company's goal is to findexceptional startups, and work closely with these companies as they grow to achieve stellar returns.We have structured our investments to allow individual accredited investors to invest with us. We have found that individual investors share the same goals as us when investing: they too want to invest in startups with CEOs that are focused on creating massive returns.This model also benefits our portfolio companies, who appreciate having a network of investors they don’t necessarily have to "manage". By leading the investment and actively working as the gatekeeper for the company, Brightspark ensures that the company can grow to its full potential without being distracted or becoming unfocused. This model attracts some of the best companies in Canada.

## Radical Ventures
- Type: VC Fund
- Location: Toronto, Ontario, Canada
- Relevant deals: 12
- Stages: Seed, Series A, Series B
- Focus: Artificial Intelligence, Software, Machine Learning

Radical Ventures is an early-stage venture capital firm investing in entrepreneurs applying deep technology to transform massive industries.

## Innovacorp
- Type: VC Fund
- Location: Halifax, Nova Scotia, Canada
- Relevant deals: 11
- Stages: Seed, Grant
- Focus: Software, Information Technology, Health Care

Innovacorp is an early-stage venture capital firm that helps knowledge-based startups commercialize their technologies in the global marketplace. It invests in early stage Nova Scotia entrepreneurs, combining venture capital with business mentoring and incubation facilities.
Innovacorp was established in 1995 and based in Halifax, Canada.

## Export Development Canada
- Type: VC Fund
- Location: Ottawa, Ontario, Canada
- Relevant deals: 9
- Stages: Series B, Series A
- Focus: Software, Renewable Energy, Manufacturing

Export Development Canada (EDC) is a Crown corporation dedicated to assisting Canadian businesses of all sizes in achieving global success. It provides them with the tools they need to grow their business with confidence, including trade knowledge, financial solutions, equity, insurance, and connections.

## Toronto Innovation Acceleration Partners
- Type: VC Fund
- Location: Toronto, Ontario, Canada
- Relevant deals: 8
- Stages: Pre-Seed, Seed
- Focus: Health Care, Biotechnology, Software

MaRS Innovation (MI) is a commercialization engine that integrates, centralizes and accelerates time to market of the discovery and intellectual property assets from its 15 world-class research institutions. MI’s discovery and innovation pipeline is derived from $1 billion in annual R&D funding. Created as a not-for-profit organizationthrough the Government of Canada’s Center of Excellence for Commercialization and Research program (CECR), MI has raised $50 million from federal and provincial governments, member institutions and industry partners. MI’s vision is to transform the Toronto-based research enterprise into one of world’s most successful commercialization clusters.Through detailed, market facing due diligence, MI identifies opportunities from Canada’s largest academic cluster for further development and commercialization through project management, intellectual property management, investment and technology development. By crossing the innovation gap, MI transforms these opportunities into successful high-value licensing transactions and financeable start-up companies.

## Hedgewood
- Type: VC Fund
- Location: Toronto, Ontario, Canada
- Relevant deals: 8
- Stages: Seed, Series A
- Focus: Health Care, Software, E-Commerce

Hedgewood is an investment firm active in venture capital, internet businesses, real estate, specialty finance, asset management, and private equity.

## StandUp Ventures
- Type: VC Fund
- Location: Toronto, Ontario, Canada
- Relevant deals: 7
- Stages: Seed, Series A, Series B
- Focus: Software, Artificial Intelligence, Machine Learning

StandUp Ventures is a venture capital firm investing in female-founded companies in the B2B software and digital health sector.The firm is led by a team of experienced investors who have assembled a diverse advisory committee. The advisory committee is comprised of successful founders, venture investors, and other strategic mentors who willprovide high-touch support to the entrepreneurs. StandUp Ventures catalyzes strong deal flow across Canada from its network and syndicate seed rounds with Angels and US VCs.

## ScaleUP Ventures
- Type: VC Fund
- Location: Toronto, Ontario, Canada
- Relevant deals: 7
- Stages: Series A, Seed, Series B
- Focus: Software, SaaS, Artificial Intelligence

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.

## Accelerate Fund
- Type: VC Fund
- Location: Calgary, Alberta, Canada
- Relevant deals: 7
- Stages: Series A, Seed
- Focus: Software, Information Technology, Health Care

Accelerate Fund supports the growth of early-stage Alberta technology companies with a multi million dollar fund that combines co-investment from angel investors.

## Garage Capital
- Type: VC Fund
- Location: Waterloo, Ontario, Canada
- Relevant deals: 7
- Stages: Seed, Series A, Pre-Seed
- Focus: Software, Information Technology, Internet

Built by founders, for founders. Garage Capital helps best-in-class companies jump from garage to growth.

## Right Side Capital Management
- Type: VC Fund
- Location: San Francisco, California, United States
- Relevant deals: 7
- Stages: Seed, Pre-Seed, Convertible Note
- Focus: Software, SaaS, Health Care

Right Side Capital Management is a venture capital firm that helps startups build their company. It invests exclusively in the pre-seed round of technology startups and makes 75-100 investment per year. The firms prefers to invest in diversified technology sectors such as the internet and cloud companies.RSCM was established in 2010 and is basedin San Francisco, California.

## VA Angels
- Type: VC Fund
- Location: Calgary, Alberta, Canada
- Relevant deals: 7
- Stages: Seed, Debt Financing
- Focus: Health Care, Software, Information Technology

VA Angels, one of Canada’s leading angel investment groups, has member locations in Calgary, Edmonton, Kelowna and Winnipeg. Since 2003 they have done 57 deals worth $28.5 million and are one of the most active angel groups in Canada.

## OMERS Ventures
- Type: VC Fund
- Location: Toronto, Ontario, Canada
- Relevant deals: 7
- Stages: Series A, Series B, Seed
- Focus: Software, SaaS, Health Care

OMERS Ventures Home Page.

## Capital Angel Network
- Type: VC Fund
- Location: Ottawa, Ontario, Canada
- Relevant deals: 6
- Stages: Seed, Angel
- Focus: Software, Information Technology, Health Care

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.

## BDC Capital’s Women in Technology Venture Fund
- Type: VC Fund
- Relevant deals: 6
- Stages: Series A, Series B
- Focus: Software, Artificial Intelligence, Financial Services

BDC Capital Women in Technology (WIT) Fund is one of the world’s largest venture capital funds

## Good News Ventures
- Type: VC Fund
- Location: Toronto, Ontario, Canada
- Relevant deals: 6
- Stages: Seed, Pre-Seed
- Focus: Software, Information Technology, Machine Learning

We invest in founders who are driven to push the limits of what is possible

## Two Small Fish Ventures
- Type: VC Fund
- Location: Toronto, Ontario, Canada
- Relevant deals: 6
- Stages: Seed, Series A
- Focus: Software, E-Commerce, Artificial Intelligence

We are an early stage venture capital firm that invests globally in early-stage, transformative tech companies with strong network effects.

## Mistral Venture Partners
- Type: VC Fund
- Location: Ottawa, Ontario, Canada
- Relevant deals: 6
- Stages: Seed, Series A, Series B
- Focus: Software, SaaS, Internet

Mistral Venture Partners is a seed-stage venture capital firm that invests in early-stage technology companies. The firm invests in startups that solve critical business problems, regardless of the business model– enterprise software, B2B SaaS, marketplaces, etc. It also partners with founders who value experience, commitment, and the higheststandards of integrity and respect.

## N49P
- Type: VC Fund
- Location: Toronto, Ontario, Canada
- Relevant deals: 6
- Stages: Seed, Pre-Seed, Series A
- Focus: Software, Financial Services, Machine Learning

N49P is a venture capital firm focused on ideas to seed-stage Canadian technology startups.

## Round13 Capital
- Type: VC Fund
- Location: Toronto, Ontario, Canada
- Relevant deals: 6
- Stages: Series A, Seed, Series B
- Focus: Software, SaaS, Information Technology

Round13 Capital are different than a typical Venture Capital fund. Round13 are more than just capital, and are a thought partner for management with deep experience in building businesses.

## Maple Leaf Angels
- Type: VC Fund
- Location: Toronto, Ontario, Canada
- Relevant deals: 6
- Stages: Seed, Pre-Seed, Angel
- Focus: Health Care, Software, SaaS

Maple Leaf Angels are an experienced group of private investors looking for great entrepreneurs, great products and great companies. Bringing together investment, experience and knowledge, we help accelerate companies to become market leaders in their industry.We focus on four main investment areas as follows:- Information Technology- CleanTechnology- Advanced Manufacturing and Materials- Special Opportunities

## Yaletown Partners
- Type: VC Fund
- Location: Vancouver, British Columbia, Canada
- Relevant deals: 5
- Stages: Series A, Series B
- Focus: Software, Enterprise Software, Information Technology

Yaletown Partners specializes in investing in software, data, and device technologies. It invests in technology companies that improve industry and enterprise productivity and sustainability, to help accelerate their growth, shorten exit timeframes, and accomplish strong exit premiums.With offices in Vancouver, Calgary, Montréal, and a growingpresence in Toronto, Yaletown is led by a national team that contributes almost 100 years of technology-industry experience and a network of extensive industry relationships.

## Flying Fish Partners
- Type: VC Fund
- Location: Seattle, Washington, United States
- Relevant deals: 5
- Stages: Seed, Series A
- Focus: Software, Artificial Intelligence, Machine Learning

Flying Fish focuses on helping early-stage startups in Cascadia succeed through seed and A rounds. The company invests capital, expertise and relationships in early stage startups with big ideas and commit 100% to seeing those companies thrive.

## WUTIF
- Type: VC Fund
- Location: Vancouver, British Columbia, Canada
- Relevant deals: 5
- Stages: Seed, Pre-Seed, Series A
- Focus: Health Care, Software, Biotechnology

WUTIF Capital (VCC) Inc. is a novel angel fund that co-invests with angel investors in promising new technology ventures in British Columbia. WUTIF was formed in mid-2003 and made its first investments in late 2004.

## Build Ventures
- Type: VC Fund
- Location: Halifax, Nova Scotia, Canada
- Relevant deals: 5
- Stages: Seed, Series A, Series B
- Focus: Software, SaaS, Cloud Computing

The mission at Build Ventures is to help founders build companies. Period. They provide early stage capital to emerging, game-changing Atlantic Canadian technology companies. Their team has deep operational and investment experience. The startup journey can be challenging, but they know what it takes and they are here to help.They’re based inHalifax, Nova Scotia, and are focused on companies in Atlantic Canada. They like to invest after your seed round. Ideally, you have begun to build a great team, have a product solving a meaningful problem and are working in what is – or one day will become -- a huge market.

## Intel Capital
- Type: VC Fund
- Location: Santa Clara, California, United States
- Relevant deals: 5
- Stages: Series B, Series A, Series C
- Focus: Software, Information Technology, Enterprise Software

Intel Capital is uniquely positioned to help build the companies of tomorrow. Our investment team is backed with deep domain knowledge and the resources of Intel to assist companies in their paths to success.

## Fonds Innovexport
- Type: VC Fund
- Location: Quebec, Quebec, Canada
- Relevant deals: 5
- Stages: Seed, Series A
- Focus: Software, Artificial Intelligence, Machine Learning

Fonds Innovexport is an Investing Service that provides in targeting international markets to forge the Quebec of tomorrow.

## Sustainable Development Technology Canada
- Type: VC Fund
- Location: Ottawa, Ontario, Canada
- Relevant deals: 5
- Stages: Grant, Seed
- Focus: Energy, Manufacturing, Software

At Sustainable Development Technology Canada (SDTC), they fund Canadian cleantech projects and coach the companies that lead them as they move their ground-breaking technologies to market.SDTC’s support of cleantech translates into jobs, growth, and export opportunities for Canadian companies, as well as economic, environmental and healthbenefits for all Canadians. They are independent but don’t work alone. A big part of their role is building and sustaining networks of partners and stakeholders from private industry, academia and governments, at home and abroad. They operate at arm’s length and receive funding from the Government of Canada.

## Angel One Network
- Type: VC Fund
- Location: Burlington, Ontario, Canada
- Relevant deals: 5
- Stages: Angel, Seed, Series A
- Focus: Software, Health Care, SaaS

Angel One Network Inc. is a member-based, not-for-profit organization.

## YUL Ventures
- Type: VC Fund
- Location: Montréal, Quebec, Canada
- Relevant deals: 5
- Stages: Seed, Series A, Series B
- Focus: SaaS, Machine Learning, Information Technology

YUL Ventures is an early stage private fund that is sponsored by entrepreneurs and invests in technology businesses. The company is situated in Canada and it was founded in 2013 by Pascal Pilon

## Relay Ventures
- Type: VC Fund
- Location: Toronto, Ontario, Canada
- Relevant deals: 5
- Stages: Seed, Series A, Series B
- Focus: Software, Mobile, Apps

We view founders as partners. We bring capital, networks, and experience, and our founders bring expertise, teams, and dreams.

## Hike Ventures
- Type: VC Fund
- Location: San Francisco, California, United States
- Relevant deals: 5
- Stages: Seed, Pre-Seed, Series A
- Focus: Artificial Intelligence, Software, Machine Learning

Hike Ventures is a venture capital firm that invests in artificial intelligence and machine learning.

## Luge Capital
- Type: VC Fund
- Location: Montréal, Quebec, Canada
- Relevant deals: 4
- Stages: Seed, Series A, Series B
- Focus: FinTech, Financial Services, Finance

Luge Capital is a fintech focused venture capital fund, investing in early-stage teams shaping the way the world experiences financial services. We are an experienced team with value added investors and a deep industry network to help founders build successful companies.

## Horizons Ventures
- Type: VC Fund
- Location: Hong Kong, Hong Kong Island, Hong Kong
- Relevant deals: 4
- Stages: Series A, Series B, Seed
- Focus: Software, Science/Engineering, Data and Analytics

Horizons Ventures focuses on investing in disruptive and technology-focused start-ups. The firm was founded in 1999 and is based in Hong Kong.
Some of the latest exits are Skype, Siri, Facebook, Summly, and Waze.

## National Research Council of Canada Industrial Research Assistance Program
- Type: VC Fund
- Location: Ottawa, Ontario, Canada
- Relevant deals: 4
- Stages: Grant, Seed
- Focus: Biotechnology, Software, Health Care

National Research Council of Canada Industrial Research Assistance Program

## MEDTEQ+
- Type: VC Fund
- Location: Montreal, Quebec, Canada
- Relevant deals: 4
- Stages: Seed, Series A
- Focus: Health Care, Medical Device, Biotechnology

A voice in setting the standards, best practices and processes in health technologies ; a privileged access to 190+ members

## Density Ventures
- Type: VC Fund
- Location: Toronto, Ontario, Canada
- Relevant deals: 4
- Stages: Seed
- Focus: Software, Artificial Intelligence, Health Care

Early stage investor, co-investments in North America & Europe. We write small cheques and help with making companies investable for others.
Focus: Machine Learning in Health, Industrial. Focus going forward: climate positive startups with real impact (Energy generation, distribution, conservation, mobility, zero waste)

## M12 - Microsoft's Venture Fund
- Type: VC Fund
- Location: San Francisco, California, United States
- Relevant deals: 4
- Stages: Series A, Series B, Series C
- Focus: Software, Artificial Intelligence, Machine Learning

M12 are a venture capital fund, by Microsoft. Our investment teams are based globally to support your business from start up funding to Series C investment.

## Rho Canada Ventures
- Type: VC Fund
- Location: New York, New York, United States
- Relevant deals: 4
- Stages: Series A, Series B, Seed
- Focus: Software, Analytics, E-Commerce

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

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