# Top 50 Enterprise Software Startup Investors in Canada in May 2026

## MaRS Investment Accelerator Fund
- Type: VC Fund
- Location: Toronto, Ontario, Canada
- Relevant deals: 18
- 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: 17
- 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.

## Real Ventures
- Type: VC Fund
- Location: Montréal, Quebec, Canada
- Relevant deals: 9
- 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

## 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.

## TELUS Ventures
- Type: VC Fund
- Location: Vancouver, British Columbia, Canada
- Relevant deals: 8
- Stages: Series C, Series B
- Focus: Software, Health Care, Information Technology

TELUS Ventures strives to seamlessly connect millions of people, companies, and communities by strategically investing in the most advanced and innovative solutions that have the potential to drive significant growth, impact and scale and are strategically aligned to the broader TELUS mandate.

## 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.

## 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.

## Export Development Canada
- Type: VC Fund
- Location: Ottawa, Ontario, Canada
- Relevant deals: 7
- 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.

## Panache Ventures
- Type: VC Fund
- Location: Montréal, Quebec, Canada
- Relevant deals: 7
- Stages: Seed, Pre-Seed, Series A
- Focus: Software, Information Technology, Artificial Intelligence

Canada's leading nationwide pre-seed venture fund.

## Inovia Capital
- Type: VC Fund
- Location: Montréal, Quebec, Canada
- Relevant deals: 7
- 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.

## Ontario Centres of Excellence
- Type: VC Fund
- Location: Toronto, Ontario, Canada
- Relevant deals: 6
- 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

## GrowthWorks Capital
- Type: VC Fund
- Location: Vancouver, British Columbia, Canada
- Relevant deals: 6
- Stages: Series B, Series A
- Focus: Software, Biotechnology, Health Care

Invest in our experienceGrowthWorks* offers you more: more accountability, more experience and more proven know-how to make the most of your investment.A principled approach to adding valueOver the last 20 years, we've built GrowthWorks into one of Canada's venture capital management companies. We've done that by managingfunds that rigorously follow core principles: structure strategic investments in growth-oriented companies, value portfolio assets conservatively, build vital industry connections and minimize risk through diversification. It's a simple formula that delivers powerful results.Regional know-how. National ReachAt GrowthWorks, we offer regionally based retail venture capital funds (RVCs) right across Canada.GrowthWorks specializes in the management of and growth of regionally based venture capital funds. The funds under management include the following RVCs: Working Opportunity Fund, GrowthWorks Commercialization Fund and GrowthWorks Atlantic Venture Fund.Partners in performanceWe have specialized teams in each of our core sectors to identify and structure investments in potential winners. These skilled teams also help create success by helping the companies that GrowthWorks managed funds invest in to grow with strategic management support and advice. This way, the companies get guidance from experienced leaders. In turn, the funds’ investors know that these companies receive direction to help them thrive.

## Klass Capital
- Type: VC Fund
- Location: Toronto, Ontario, Canada
- Relevant deals: 5
- Stages: Seed, Series A
- Focus: Software, SaaS, Enterprise Software

We acquire high quality and mission-critical software businesses with great people.

## Brightspark Ventures
- Type: VC Fund
- Location: Montréal, Quebec, Canada
- Relevant deals: 5
- 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.

## 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.

## Capital Angel Network
- Type: VC Fund
- Location: Ottawa, Ontario, Canada
- Relevant deals: 4
- 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.

## Innovacorp
- Type: VC Fund
- Location: Halifax, Nova Scotia, Canada
- Relevant deals: 4
- 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.

## Business Development Bank of Canada
- Type: VC Fund
- Location: Montréal, Quebec, Canada
- Relevant deals: 4
- 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. 

## Anges Quebec
- Type: VC Fund
- Location: Quebec, Quebec, Canada
- Relevant deals: 4
- Stages: Seed, Angel
- Focus: Health Care, Software, Artificial Intelligence

Value-added investors for innovative entrepreneurs.

## Patrick Lor
- Type: Angel
- Location: Calgary, Alberta, Canada
- Relevant deals: 4
- Stages: Seed, Series A, Angel
- Focus: Software, Enterprise Software, Marketplace

Patrick Lor is Managing Partner at Panache Ventures. He attended the University of Calgary.

## Round13 Capital
- Type: VC Fund
- Location: Toronto, Ontario, Canada
- Relevant deals: 4
- 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.

## RBC Venture Partners
- Type: VC Fund
- Location: Toronto, Ontario, Canada
- Relevant deals: 4
- Stages: Series A, Series B
- Focus: Software, Enterprise Software, Information Technology

RBC Venture Partners invests venture capital and growth equity on behalf of the Royal Bank of Canada.
RBC is one of the backers of the BlackBerry Partners Fund.

## VA Angels
- Type: VC Fund
- Location: Calgary, Alberta, Canada
- Relevant deals: 4
- 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.

## New Brunswick Innovation Foundation
- Type: VC Fund
- Location: Fredericton, New Brunswick, Canada
- Relevant deals: 3
- 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.

## Whitecap Venture Partners
- Type: VC Fund
- Location: Toronto, Ontario, Canada
- Relevant deals: 3
- Stages: Series A, Seed, Series B
- Focus: Health Care, Software, Enterprise Software

Whitecap Venture Partners is a Canadian-based Venture Capital fund investing in early stage technology companies. Whitecap is headquartered in Toronto and invests across Canada and the Northeastern US. Since Whitecap’s inception the early 1990s, Whitecap recognises the power of real collaboration between entrepreneurs and investors. This rapportenables them to provide significant value to companies along with strong returns across investment cycles.Whitecap specialises in Information & Communication Technologies (ICT) and Medical Technologies. Whitecap is continually searching for upcoming ventures to support as the next generation of exceptional enterprises.

## Desjardins Venture Capital
- Type: VC Fund
- Location: Lévis, Quebec, Canada
- Relevant deals: 3
- 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.

## First Ascent Ventures
- Type: VC Fund
- Location: Toronto, Ontario, Canada
- Relevant deals: 3
- Stages: Series A, Series B, Series C
- Focus: Software, Enterprise Software, SaaS

First Ascent Ventures was founded in 2015 and invests in emerging technology companies that are building the next generation of disruptive, enterprise B2B software that leverages the cloud, big data, analytics, mobility, AI and machine learning.

## Hello Ventures
- Type: VC Fund
- Location: Victoria, British Columbia, Canada
- Relevant deals: 3
- Stages: Seed, Pre-Seed, Series A
- Focus: Software, B2B, SaaS

Hello Ventures operates as a venture capital firm.

## Ripple Ventures
- Type: VC Fund
- Location: Toronto, Ontario, Canada
- Relevant deals: 3
- Stages: Seed, Pre-Seed, Series A
- Focus: Software, SaaS, Information Technology

Ripple Ventures is an early-stage venture fund based in Toronto, Canada. We focused on investing in pre-seed to early Series A companies building B2B software across North America. Our goal is to support entrepreneurs who revolutionize the most competitive global industries by solving difficult problems with unique solutions. With our experiencein building and scaling companies, we hope to help entrepreneurs every day, not just every quarter. For more info visit: www.rippleventures.com

## Rhino Ventures
- Type: VC Fund
- Location: Vancouver, British Columbia, Canada
- Relevant deals: 3
- Stages: Seed, Series A
- Focus: Financial Services, Software, Education

There is more to choosing an investor than selecting the term sheet with the highest valuation. Strategic capital, in its true form, extends the founding team’s capacity. That’s what we do at Rhino. We invest in companies where we can add tangible value. We’ve been on the other side of the table and appreciate the importance of funder and founderalignment. From startup, growth to exit; it is entrepreneurial ambition that drives value, not venture capitalists. We invest in individuals; trust and values fit are a centerpiece in every investment.

## Impression Ventures
- Type: VC Fund
- Location: Toronto, Ontario, Canada
- Relevant deals: 3
- Stages: Seed, Series A, Series B
- Focus: Financial Services, FinTech, Software

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

## Markus Frind
- Type: Angel
- Location: Vancouver, British Columbia, Canada
- Relevant deals: 3
- Stages: Seed, Series A, Series B
- Focus: Retail, FinTech, Financial Services

Markus Frind

## Evok Innovations
- Type: VC Fund
- Location: Vancouver, British Columbia, Canada
- Relevant deals: 3
- Stages: Series A, Seed, Series B
- Focus: Software, Oil and Gas, Information Technology

Founded in 2016, Evok Innovations is a fund that focuses on early-stage companies in the areas of Clean Energy, CleanTech, ClimateTech and CarbonTech.

## Angel One Network
- Type: VC Fund
- Location: Burlington, Ontario, Canada
- Relevant deals: 3
- Stages: Angel, Seed, Series A
- Focus: Software, Health Care, SaaS

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

## Kodiak Venture Partners
- Type: VC Fund
- Location: Wellesley, Massachusetts, United States
- Relevant deals: 3
- Stages: Series B, Series C, Series A
- Focus: Software, Information Technology, Enterprise Software

Kodiak Venture Partners pursues a disciplined investment strategy that is focused on building seed and early stage technology companies into high-growth industry market leaders. Kodiak partners have deep expertise in building and investing in market leaders. The team invests in markets where they have had proven success over the years.Foundedin 1999, Kodiak manages three funds totaling $676M and targets companies in eastern North America. Kodiak forges deep relationships with entrepreneurs at the earliest stages and works with a hands-on approach to formulate business strategies, build management teams, and develop critical alliances and customer relationships.

## Celtic House Venture Partners
- Type: VC Fund
- Location: Toronto, Ontario, Canada
- Relevant deals: 3
- Stages: Series B, Series A
- Focus: Software, Semiconductor, Manufacturing

Celtic House Venture Partners is an independent Canadian investment firm.Since 1994, Celtic House has been one of Canada’s most active investors in technology and innovation. Capitalizing on the deep domain expertise of its partners, Celtic House has consistently provided superior financial returns to its investors. Celtic House has collaboratedwith management teams and repeat entrepreneurs to develop technology companies from the inception phase through to exit, generating 25 initial public offerings and successful acquisitions.Celtic House has collaborated with management teams and repeat entrepreneurs to develop technology companies from the inception phase through to exit, generating 25 initial public offerings and successful acquisitions.From offices in Toronto and Ottawa, Celtic House manages in excess of $425 million across three funds. Celtic House is currently making new investments out of Celtic House Venture Partners Fund IV, which closed in 2012.

## Mistral Venture Partners
- Type: VC Fund
- Location: Ottawa, Ontario, Canada
- Relevant deals: 3
- 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.

## Georgian
- Type: VC Fund
- Location: Toronto, Ontario, Canada
- Relevant deals: 3
- Stages: Series C, Series B, Series D
- Focus: Software, SaaS, Information Technology

Georgian is a growth-stage investor that builds software and uses AI to help our companies scale faster.

## Right Side Capital Management
- Type: VC Fund
- Location: San Francisco, California, United States
- Relevant deals: 3
- 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.

## Atlas Venture
- Type: VC Fund
- Location: Cambridge, Massachusetts, United States
- Relevant deals: 3
- Stages: Series A, Series B, Series C
- Focus: Biotechnology, Health Care, Therapeutics

Atlas Venture is an early-stage venture capital firm that creates and invests in biotech startup companies led by promising entrepreneurs focusing on life sciences innovation. Its seed-led venture creation strategy rigorously selects and focuses investment on compelling opportunities to build scalable businesses and realize value.

## Canaccord Genuity Group
- Type: VC Fund
- Location: Toronto, Ontario, Canada
- Relevant deals: 2
- Stages: Post-IPO Equity, Post-IPO Debt
- Focus: Mining, Precious Metals, Software

Canaccord Genuity Group Inc. is a leading independent, full-service financial services firm, with operations in two principal segments of the securities industry: wealth management and capital markets.

## ScaleUP Ventures
- Type: VC Fund
- Location: Toronto, Ontario, Canada
- Relevant deals: 2
- 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.

## Point Nine
- Type: VC Fund
- Location: Berlin, Berlin, Germany
- Relevant deals: 2
- Stages: Seed, Series A, Series B
- Focus: Software, SaaS, Internet

Point Nine Capital is a Berlin-based venture capital firm focused exclusively on early-stage Internet investments in areas like Software-as-a-Service (SaaS), online marketplaces, and mobile.The fund and its managers, Pawel Chudzinski and Christoph Janz have backed a number of highly successful Internet companies such as Delivery Hero, Clio,Shiftplanning, Vend, Typeform, and Zendesk from their earliest stages.

## WUTIF
- Type: VC Fund
- Location: Vancouver, British Columbia, Canada
- Relevant deals: 2
- 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.

## Jordan Banks
- Type: Angel
- Location: Toronto, Ontario, Canada
- Relevant deals: 2
- Stages: Seed, Series A, Corporate Round
- Focus: Software, Machine Learning, Information Technology

Jordan Banks is the Co-Founder at Thunder Road Capital. Jordan Banks attended York University - Osgoode Hall Law School.

## GreenSky Capital
- Type: VC Fund
- Location: Toronto, Ontario, Canada
- Relevant deals: 2
- Stages: Seed, Series A
- Focus: Software, Information Technology, Health Care

GreenSky Capital is a venture capital and private equity firm that manages venture capital and provides financial advisory services.It makes investments in early-stage technology companies through its affiliated venture capital funds, GreenSky Accelerator Fund I, II and III. Their principals bring a unique combination of experience in technology,law, and finance to high-growth potential companies and dedicated entrepreneurs.GreenSky Capital was founded in Toronto, Ontario in 2010 by Geoff Simonett and Michael T. R. List.

## LVL1 Group
- Type: VC Fund
- Location: Limassol, Limassol, Cyprus
- Relevant deals: 2
- Stages: Seed, Series A, Series B
- Focus: Software, Health Care, Apps

LVL1 Group is a private investment management firm, operating across different asset classes and geographies. We were founded with entrepreneurial spirit at our core, with a natural passion for venture investing, working closely with founders to forge meaningful strategic relationships and helping them to succeed. We are not bound by mandates andinvestment periods, which allows us to be flexible and opportunistic. We look for companies that aim to make a strong global impact, particularly in Online Travel, Gaming, eSports, Content and Community Platforms.

## The Associated Press
- Type: VC Fund
- Location: New York, New York, United States
- Relevant deals: 2
- Stages: Series A, Seed
- Focus: SaaS, Video, News

Build your next story with up-to-the-minute breaking news and history's most iconic images and video directly from The Associated Press. Where stories begin.

## Brice Scheschuk
- Type: Angel
- Location: Toronto, Ontario, Canada
- Relevant deals: 2
- Stages: Seed
- Focus: Software, Information Technology, GovTech

Brice Scheschuk is a Co-founder, Director and the Chief Financial Officer of Globalive Communications / Wind Mobile. He has been with Globalive / Wind for eight years in a senior finance capacity and is responsible for all aspects of finance, facilities and business planning including direct responsibility for raising in excess of $1.2billion in capital. Brice is the Co-President of Brave Investment, an investment holding company focused on private and public company and fund investing and manages over $10 million in assets across a number of investment classes including alternative funds, private and public equity, venture capital, angel, real estate, CPC’s, SPAC’s and RTO’s. He is the Chairman and Director of Samba Days, a gift experiences company, and a past director of a number of public and private companies including Web Host Industry Review, iLookabout, Hy-Drive Technologies and Varicent Software. Brice is a Canadian Chartered Accountant and earned his designation at Coopers & Lybrand in 1997. A passionate entrepreneur and investor, Brice has been involved in some of the most exciting start-ups in Canada over the past 15 years.

## Double M Partners
- Type: VC Fund
- Location: Los Angeles, California, United States
- Relevant deals: 2
- Stages: Seed, Series A
- Focus: Software, Internet, Advertising

Double M Partners Venture Capital Fund

# About Shizune
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