Top 20 Cannabis VC Funds & Investors in Canada (May 2026)
For AI agents: Short investor table (Markdown), Detailed investor list (Markdown)
| Investor | Relevant Deals | Geography | Stage | Focus | Round Size |
|---|---|---|---|---|---|
|
Green Acre Capital
VC Fund
|
5 | Canada, United States | Seed, Series A | Cannabis, Consumer Goods, Marketing | $118k–$3.1M |
|
Btomorrow Ventures
VC Fund
|
4 | United States, United Kingdom, India | Series A, Seed, Series B | Health Care, Wellness, Food and Beverage | $3.5M–$23M |
|
Innovacorp
VC Fund
|
2 | Canada, Australia, United States | Seed, Grant | Software, Information Technology, Health Care | $25k–$3M |
|
Tribune Capital
VC Fund
|
2 | Canada, United States | Seed, Series A | FinTech, SaaS, Software | $4.2M–$22M |
|
WGD Capital
VC Fund
|
1 | United States, Canada, United Kingdom | Seed, Convertible Note, Series A | Cannabis, Software, Marketing | |
|
LAGO Innovation Fund
VC Fund
|
1 | United States, Canada, Mexico | Series A, Seed | Software, PaaS, Developer Tools | |
|
Gotham Green Partners
VC Fund
|
1 | United States, Canada | Series A, Series B | Cannabis, Retail, E-Commerce | $6M–$125M |
|
InnoStart Capital
VC Fund
|
1 | Canada, Malaysia | Seed, Pre-Seed | Video Games, Financial Services, E-Commerce | $545k–$1.3M |
|
Gaingels
VC Fund
|
1 | United States, Canada, Germany | Seed, Series A, Series B | Software, Health Care, FinTech | $1.2M–$70M |
|
KarpReilly
VC Fund
|
1 | United States, Canada | Series A, Seed, Private Equity | Food and Beverage, E-Commerce, Retail | $2M–$7.7M |
|
Globalive Capital
VC Fund
|
1 | Canada, United States, United Kingdom | Seed, Series A | Software, Health Care, SaaS | $700k–$15M |
|
MaRS Investment Accelerator Fund
VC Fund
|
1 | Canada, United States | Seed, Pre-Seed, Series A | Software, Artificial Intelligence, SaaS | $363k–$15M |
|
Golden Section
VC Fund
|
1 | United States, Canada | Seed, Series A | Software, Health Care, Analytics | $650k–$7.9M |
|
Paradigm Capital
VC Fund
|
1 | Canada, United States, Australia | Post-IPO Equity, Post-IPO Debt | Mining, Precious Metals, Mineral | $4.2M–$130M |
|
Hedgewood
VC Fund
|
1 | Canada, United States, India | Seed, Series A | Health Care, Software, E-Commerce | $500k–$11M |
|
RIV Capital
VC Fund
|
1 | Canada, United States, Italy | Seed, Series A | Cannabis, AgTech, Health Care | $1.5M–$12M |
|
Delbridge Capital Partners
VC Fund
|
1 | Canada | Seed | Cannabis, Software, Compliance | |
|
GTMfund
VC Fund
|
1 | United States, Israel, United Kingdom | Series A, Seed, Series B | Software, SaaS, Artificial Intelligence | $867k–$17M |
|
Anges Quebec
VC Fund
|
1 | Canada, Spain, United States | Seed, Angel | Health Care, Software, Artificial Intelligence | $363k–$2.9M |
|
Ontario Brain Institute
VC Fund
|
1 | Canada, United States, France | Grant, Seed | Health Care, Medical, Biotechnology | $36k–$3M |
| Access all 50 VC funds in Canada Cannabis startups. | |||||
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Green Acre Capital is a private investment fund dedicated exclusively to the Canadian medical and recreational cannabis industry. The fund invests in sectors across the cannabis value chain including production, research, consumer products and retail.
Show more...Investment focus
- Industry: Cannabis, Consumer Goods, Marketing
- Stage:Seed, Series A
- Geography: Canada, United States
Investor stats
- Total investments: 16
- Round size: Seed $118k–$3.1M
- Lead/follow: 63% lead, 37% follow
- Last fund: May invest from a new fund soon — last raise in 2018
Portfolio highlights
- Claybourne — Claybourne is a cannabis breeder, cultivator, and retail brand that is known for its broad line of flower, pre-roll, and concentrate products.
- humble+fume — humble+fume is Canada’s leading distributor of cannabis accessories. We offer the largest range of products and accessories to legal dispensaries, head shops and smoke shops of all sizes. We work with over 200 of the leading industry brands and offer more than 10,000 products and accessories. With distributions centres across North America, we arewell positioned to help grow your business. Our team believes pairing cannabis accessories is at the heart of contemporary enjoyment, we look forward to working with you and creating the perfect experience for your customers.
- HC Solutions Holdings — HC Solutions Holdings operates as a distributor of cannabis. HC Solutions Holdings formed as a Joint Venture between Green Acre Capital Distribution Corp. and Humble & Fume.
Btomorrow Ventures (BTV) is the corporate venturing unit of BAT. BAT is building A Better Tomorrow by reducing the health impact of its business by transforming into a truly consumer-centric multi-category CPG company. We are dedicated to partnering with ambitious and passionate entrepreneurs to realise their vision by providing a platform toenhance innovation and accelerate growth.
Show more...Investment focus
- Industry: Health Care, Wellness, Food and Beverage
- Stage:Series A, Seed, Series B
- Geography: United States, United Kingdom, India
Investor stats
- Total investments: 44
- Round size: Series A $3.5M–$23M
- Lead/follow: 76% lead, 24% follow
Portfolio highlights
- Tru — Obsessively formulated by fusing flavor with function, each of our tasty innovations perform when you need it most. From the time you wake up until the second your head hits the pillow, we elevate every moment one sip at a time.
- Awake Chocolate — AWAKE Chocolate combines delicious milk chocolate.
- PHILTER Labs — Philter Labs presents an innovative smoke filter for E-Cig, Vape Pen, & CBD Pen. Filters smoke from entering shared space while you still enjoy the experience.
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.
Show more...Investment focus
- Industry: Software, Information Technology, Health Care
- Stage:Seed, Grant
- Geography: Canada, Australia, United States
Investor stats
- Total investments: 139
- Round size: Seed $50k–$3M; Grant $25k–$91k
- Lead/follow: 29% lead, 71% follow
- Last fund: May invest from a new fund soon — raised $40M in 2016
Portfolio highlights
- Bright Breaks — Bright offer on-site and virtual amenities for companies and employees. whether your team is on-site, working from home, or in between.
- Gaia Refinery — Gaia is developing wind-driven methane-capture technology to produce rocket-grade natural gas.
- Planetary — Planetary develops ocean-based carbon removal technology to accelerate the natural carbon cycle. Planetary’s system purifies the mountains of alkaline rock waste left behind by large-scale mining operations, extracting the alkalinity from the rubble and putting it in the ocean, thus accelerating the carbon transition and rebalancing oceanchemistry.Planetary Technologies is on a mission to remove 1 billion tonnes of carbon dioxide from the atmosphere by 2035.
Tribune Capital is a venture capital firm located in Weyburn, SK.
Show more...Investment focus
- Industry: FinTech, SaaS, Software
- Stage:Seed, Series A
- Geography: Canada, United States
Investor stats
- Total investments: 19
- Round size: Series A $4.2M–$22M
- Lead/follow: 11% lead, 89% follow
Portfolio highlights
- Reach — Reach is the premier ecommerce payments partner connecting you to global consumers. Unlock the true power of in-country payment without the complexities.
- PayShepherd — PayShepherd helps manage contractor billing for industrial facilities and simplifies billing processes. Save time, money, and headaches.
- Immigrate Software — Immigration can be complicated. Our unique software and expert consultants make it simple.
WGD Capital invests in early- and expansion-stage private companies.
Show more...Investment focus
- Industry: Cannabis, Software, Marketing
- Stage:Seed, Convertible Note, Series A
- Geography: United States, Canada, United Kingdom
Investor stats
- Total investments: 10
- Lead/follow: 0% lead, 100% follow
- Last fund: Likely still investing — raised $785k in 2022
Portfolio highlights
- Headset — Retail & market insights for cannabis retailers, product manufacturers, CPGs, processors, growers & all ancillary services.
- SōRSE Technology — SōRSE Technology is a water-soluble emulsion technology for infusing products with CBD, THC, and terpenes.The SōRSE Technology team is comprised of 150+ years in product development. With of team of over 30 employees dedicated to research and development, quality assurance, and operations, SōRSE supports clients' production efforts fromconception through go-to-market.
- Birchmount Network — Birchmount Network is a gift card and marketing services company that provides comprehensive revenue and brand solutions.
LAGO Innovation Fund invests in companies that are engaged in disrupting the status quo in their native industries or creating de novo markets through the offering of innovative products, services, or technologies, or by creating novel technology-enabled business models aimed at enhancing efficiency, customer experience, and/or speed tomarket.
Show more...Investment focus
- Industry: Software, PaaS, Developer Tools
- Stage:Series A, Seed
- Geography: United States, Canada, Mexico
Investor stats
- Total investments: 5
- Lead/follow: 40% lead, 60% follow
Portfolio highlights
- 8base — 8base is the best way to build, run and grow professional-grade web and mobile applications that power your business | Ask us how.
- GrowerIQ — Compliance, Cultivation, Manufacturing, Quality Management System, and CRM all in one easy-to-use platform for cannabis operators globally.
- Safely — Let us help you protect your home with Short Term Rental Insurance & Comprehensive Guest Screening for your Airbnb. Contact us today!
A leading private equity firm investing exclusively across the global cannabis industry.
Show more...Investment focus
- Industry: Cannabis, Retail, E-Commerce
- Stage:Series A, Series B
- Geography: United States, Canada
Investor stats
- Total investments: 27
- Round size: Series A $6M–$24M; Series B $21M–$125M
- Lead/follow: 68% lead, 32% follow
- Last fund: May invest from a new fund soon — last raise in 2019
Portfolio highlights
- Lucid Green — Lucid Green aims to provide supply chain operational efficiency and brand marketing solutions to help cannabis brands, distributors and retailers reduce costs, increase transparency, and drive revenue.
- Engin Sciences — Engin Sciences develops AI-Driven HR software that plugs into existing job boards, giving companies access to a virtual talent management system for hourly jobs, allowing HR managers to gamify the job application process on any site, quickly evaluating applicants, engaging and routing viable candidates to the jobs to which they’re best suited.Saving time and reducing churn, Engin saves companies thousands of dollars in HR personnel expenses.
- PreAct Technologies — High-performance flash LiDAR for applications. The ultra-fast edge processing and frame rate make this the perfect sensor for any application.
InnoStart Capital is a small venture capital firm focusing on early-stage investments.
Show more...Investment focus
- Industry: Video Games, Financial Services, E-Commerce
- Stage:Seed, Pre-Seed
- Geography: Canada, Malaysia
Investor stats
- Total investments: 13
- Round size: Seed $545k–$1.3M
- Lead/follow: 38% lead, 62% follow
Portfolio highlights
- Pop Meals — Expect exciting, locally trending meals at an affordable price! Now with dine-in, pickup and delivery .
- Livescale — Try the Live Shopping solution with e-Commerce and checkout integration. Boost your real-time sales and skyrocket your brand awareness among communities!
- Ludex — A web3 protocol that enables video games to operate on-chain.
Gaingels is a venture investment syndicate in service of the LGBT+ community and its allies, investing in companies with LGBT+ founders and C-suite leaders at all stages of growth, as well as in more established companies resolved on building more inclusive teams, with a global portfolio of 130+ companies and $70M in deployed investment capital todate. The Gaingels network also actively supports its portfolio in identifying and recruiting diverse talent to their C-suite and board leadership teams and fosters a vibrant global community of industry leaders, investors, operators, and entrepreneurs who share a common goal for positive social change through business and successful investments.
Show more...Investment focus
- Industry: Software, Health Care, FinTech
- Stage:Seed, Series A, Series B
- Geography: United States, Canada, Germany
Investor stats
- Total investments: 464
- Round size: Seed $1.2M–$6M; Series A $4M–$50M; Series B $19M–$70M
- Lead/follow: 1% lead, 99% follow
- Last fund: Likely still investing — raised $1.1M in 2023
Portfolio highlights
- KittyCAD — Infrastructure for hardware design tools.
- Paxton AI — Regulatory Intelligence, with the speed of Generative AI.
- Atropos Health — Atropos Health rapidly provides personalized real-world evidence for any clinical decision
KarpReilly, LLC is a private investment firm, founded by Allan Karp and Chris Reilly, whose primary mission is to partner with premier growth companies and help them achieve their long-term vision. KarpReilly currently manages funds and affiliates with capital commitments in excess of $500 million. Over the past 15 years, the principals ofKarpReilly have invested in, sat on the boards of and nurtured over 25 growth companies.
Show more...Investment focus
- Industry: Food and Beverage, E-Commerce, Retail
- Stage:Series A, Seed, Private Equity
- Geography: United States, Canada
Investor stats
- Total investments: 25
- Round size: Seed $2M–$6.2M; Series A $3.3M–$7.7M
- Lead/follow: 56% lead, 44% follow
- Last fund: May invest from a new fund soon — last raise in 2021
Portfolio highlights
- Koia — Drink Koia Online
- Strands Hair Care — Strands Hair Care delivers custom shampoo & conditioner with full ingredient customization based on accurate, quantified biological data for each customer.
- Mother Science — Discover Mother Science, a revolutionary biotech skincare brand with a clinically proven serum for hyperpigmentation and sun damage.
Access 48,091 investors
822 industries, 177 countries. Updated daily. Emails and phones included.
Browse database — It's Free!Globalive Capital is an investment company based in Canada. The Firm makes investments primarily in the telecommunications and real estate with co-investment activities alongside venture capital funds.
Show more...Investment focus
- Industry: Software, Health Care, SaaS
- Stage:Seed, Series A
- Geography: Canada, United States, United Kingdom
Investor stats
- Total investments: 36
- Round size: Seed $700k–$5M; Series A $3M–$15M
- Lead/follow: 8% lead, 92% follow
Portfolio highlights
- Curv Health — Modern virtual Training, Physiotherapy, & Rehab Clinic. Computer Vision & Health Coaches for Strengthening & Recovery.
- KEEP Labs — The Modern medicine Cabinet and Data Platform. We partner with healthcare organizations to improve patient adherence by integrating and augmenting their programs, not displacing them.
- 3D BioFibR — 3D BioFibR is a biomaterial manufacturing company that produces naturally sourced, high-value bio fibers such as spider silk, collagen, chitosan, and others. Preliminary fiber performance data shows the potential applications of these fibers in several global markets, including biomedical engineering, green textiles, defense, and aerospaceengineering. Formed in July 2020, 3D BioFibR was founded on the pioneering research of Dr. John Frampton. 3D BioFibR is focused on novel and proprietary methods of biofiber production that have a quality and scale that is currently not achievable with current methods. 3D BioFibR scientists have demonstrated the ability to make collagen fibers, termed CollaFibR™, that are stronger than natural tendons, and spider silk that is tougher than steel and 2000% more flexible. 3D BioFibR’s vision is to become the global leader in the manmade production of nature’s strongest, lightest and toughest materials at a scale and cost that makes them a competitive solution to the engineering challenges of our day.
Working with Ontario talent to develop World Class Companies Learn More
Show more...Investment focus
- Industry: Software, Artificial Intelligence, SaaS
- Stage:Seed, Pre-Seed, Series A
- Geography: Canada, United States
Investor stats
- Total investments: 139
- Round size: Seed $363k–$3M; Pre-Seed $367k–$1M; Series A $6.8M–$15M
- Lead/follow: 17% lead, 83% follow
- Last fund: May invest from a new fund soon — last raise in 2014
Portfolio highlights
- ODAIA — Empowering Pharma's Next Generation of Engagement with HCPs
- Vivid Machines — Digitizing permanent crop production | Vivid Machines | Ontario
- InnerSpace — InnerSpace is the fastest way to transform your business and power the hybrid workplace strategy. Transforming workplace experience with insights into how people use a space and create innovative solutions that drive revenue and improve operations to hybrid offices.
Golden Section is a founders studio and venture capital fund.
Show more...Investment focus
- Industry: Software, Health Care, Analytics
- Stage:Seed, Series A
- Geography: United States, Canada
Investor stats
- Total investments: 18
- Round size: Seed $650k–$3.5M; Series A $2M–$7.9M
- Lead/follow: 61% lead, 39% follow
- Last fund: May invest from a new fund soon — raised $20M in 2019
Portfolio highlights
- Bevz — Bevz is a software and services (SaaS) platform for local, independently operated liquor/convenience stores. Our vision is to transform the 100,000+ independent liquor stores across the nation with the technology, data, and support
- PayeLoad — PayeLoad's software platform was developed for the blue-collar working class by the blue-collar working class. As professionals in the same field, we realized how much time and money was being lost because of trips to the hardware store. We decided to develop a software platform that would save us time, money and make us more efficient all theway around. In the thick of the COVID pandemic, we thought it would be a great way to help other companies be more efficient while staying safe and limiting contact. There is no delivery too small, so let us know what you need, and we will help your business stay on track in an ever changing world.
- Lynx — Lynx is pioneering a better way to approach venture funding. Get started with the SWEAT equity toolkit today!
Paradigm is a research-driven investment dealer. Their sales and trading desk focuses on companies they cover. Their investment banking team provides innovative and attentive service. They believe that teamwork and long-term relationships are the key to exceptional success and growth.
Show more...Investment focus
- Industry: Mining, Precious Metals, Mineral
- Stage:Post-IPO Equity, Post-IPO Debt
- Geography: Canada, United States, Australia
Investor stats
- Total investments: 117
- Round size: Post-IPO Debt $27M–$109M; Post-IPO Equity $4.2M–$130M
- Lead/follow: 34% lead, 66% follow
Portfolio highlights
- Praxis — We are Praxis: a global community of creatives and technologists working to build the city of the future.
- Moneta Porcupine Mines — Moneta holds a 100% interest in 5 core gold projects strategically located along the highly prospective Destor Porcupine Fault Zone.
- Fronsac Real Estate Investment Trust — Canadian Net REIT is a Canadian publicly-traded open-ended real estate investment trust with a focus on triple net and management-free retail properties
Hedgewood is an investment firm active in venture capital, internet businesses, real estate, specialty finance, asset management, and private equity.
Show more...Investment focus
- Industry: Health Care, Software, E-Commerce
- Stage:Seed, Series A
- Geography: Canada, United States, India
Investor stats
- Total investments: 109
- Round size: Seed $500k–$4.3M; Series A $7M–$11M
- Lead/follow: 1% lead, 99% follow
Portfolio highlights
- Unito — Connect the tools you're already using with deep 2-way integrations and optimize workflows for Asana, Jira, Trello, Google Sheets and more.
- 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! makes it easy for parents reduce their baby's risk of developing peanut, egg, and milk allergies by up to 80% with our gentle, daily system.
RIV Capital is a cannabis acquisition and investment firm building a leading multistate platform of brands in key strategic U.S. markets.
Show more...Investment focus
- Industry: Cannabis, AgTech, Health Care
- Stage:Seed, Series A
- Geography: Canada, United States, Italy
Investor stats
- Total investments: 14
- Round size: Seed $1.5M–$2.5M; Series A $6.7M–$12M
- Lead/follow: 57% lead, 43% follow
Portfolio highlights
- Dynaleo — At Dynaleo, we produce the highest quality cannabis-infused Edible Gummies. Learn more about our innovative CBD and THC gummies on our website.
- Headset — Retail & market insights for cannabis retailers, product manufacturers, CPGs, processors, growers & all ancillary services.
- TerrAscend — A Leading Vertically-Integrated North American OperatorTerrAscend is a leading North American cannabis operator with vertically integrated operations in
Delbridge Capital Partners accelerates successful enterprise software start-ups by providing direct investments and supporting the go-to-market strategy and execution in the early stages of start-up growth. Delbridge invests in start-ups focusing on enterprise corporate technologies solving complex business problems in the areas of corporatefinance, sales, data management, and cybersecurity. Delbridge Capital Partners are experienced owners and operators of successful B2B enterprise software companies. Delbridge supports its portfolio companies in scaling their businesses by providing access to Delbridge’s extensive network of enterprise customers, capital markets, sales channels and talent.
Show more...Investment focus
- Industry: Cannabis, Software, Compliance
- Stage:Seed
- Geography: Canada
Investor stats
- Total investments: 2
- Lead/follow: 0% lead, 100% follow
Portfolio highlights
- GrowerIQ — Compliance, Cultivation, Manufacturing, Quality Management System, and CRM all in one easy-to-use platform for cannabis operators globally.
- Data Sentinel — Data Sentinel is a sensitive data management platform that provides deep technology to protect, identify, inventory, classify and tag sensitive data for your company.
Let us help you go from 0 to IPO. We're investing $10 million per year into early-stage companies (pre-Series A), specializing in B2B SaaS.
Show more...Investment focus
- Industry: Software, SaaS, Artificial Intelligence
- Stage:Series A, Seed, Series B
- Geography: United States, Israel, United Kingdom
Investor stats
- Total investments: 93
- Round size: Seed $867k–$10M; Series A $4M–$17M
- Lead/follow: 2% lead, 98% follow
Portfolio highlights
- Revefi — Revefi builds the next generation of enterprise data observability and monitoring space. The company's product is aimed at helping cloud enterprises get the right data to business delivered on time, detect and fix data issues before they impact downstream users, and reduce data warehouse spending. Revefi has offices in Redmond, Washington andSan Mateo, California.
- SapientAI — Sapient AI Test Coder inspects code systems, predicts problematic issues and automatically writes accurate test code without any manual work. We are the only company that combines contextual insights, code intelligence and a generative AI to automate the full spectrum of software testing
- ControlRooms.ai — This is a custom view from ControlRooms -- an AI-based monitoring and troubleshooting tool for chemical plant operators and engineers to meet their uptime goals.
Value-added investors for innovative entrepreneurs.
Show more...Investment focus
- Industry: Health Care, Software, Artificial Intelligence
- Stage:Seed, Angel
- Geography: Canada, Spain, United States
Investor stats
- Total investments: 132
- Round size: Seed $726k–$2.9M; Angel $363k–$1.1M
- Lead/follow: 17% lead, 83% follow
Portfolio highlights
- Bridgr — For industrial companies looking for significant digital transformation, BRIDGR is the algorithmic advisory practice that improves your odds of success by showing you what to do next and who would help
- ChrysaLabs — Soil testing technology. ChrysaLabs provides real-time data for better decisions.
- Ditch Labs — Ditch Labs is a digital health company pioneering nicotine addiction treatment with artificial intelligence and a revolutionary device.
The Ontario Brain Institute works to establish Ontario as a world leader in brain research, commercialization and care.
Show more...Investment focus
- Industry: Health Care, Medical, Biotechnology
- Stage:Grant, Seed
- Geography: Canada, United States, France
Investor stats
- Total investments: 29
- Round size: Seed $36k–$3M; Grant $50k–$100k
- Lead/follow: 55% lead, 45% follow
Portfolio highlights
- Panaxium — We imagine a future where permanent disability from brain injury no longer exists.
- Ora Médical — Real progress for your child, at their own pace.
- Novela Neurotech — Novela Neurotech is medical technology startup with a research legacy in neuromodulation originating in the University of Waterloo in Canada. Novela has developed the Neureka™ smart technology platform to accelerate the discovery & development of new safer treatments for epilepsy, narcotic addiction, depression, Alzheimer's,Parkinson's diseases, and many other neurological disorders
Cannabis VC funding in Canada at a glance
Stats across 55 deals from 50 investors.
Access all 50 VC funds in Canada Cannabis startups.
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