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Top 50 Financial Services Startup Investors in Canada (May 2026)

The most active venture capital funds and angel investors investing in Canada Financial Services startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Canada Financial Services startup companies. Find investors to raise a Seed, Series A or Series B round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
Luge Capital
VC Fund
16 Canada, United States, United Kingdom Seed, Series A, Series B FinTech, Financial Services, Finance $1M–$7M
Real Ventures
VC Fund
16 Canada, United States Seed, Series A, Series B Software, Artificial Intelligence, Machine Learning $581k–$145M
Impression Ventures
VC Fund
15 Canada, United States Seed, Series A, Series B Financial Services, FinTech, Software $944k–$7M
Panache Ventures
VC Fund
15 Canada, United States, Israel Seed, Pre-Seed, Series A Software, Information Technology, Artificial Intelligence $436k–$22M
Hedgewood
VC Fund
14 Canada, United States, India Seed, Series A Health Care, Software, E-Commerce $500k–$11M
MaRS Investment Accelerator Fund
VC Fund
13 Canada, United States Seed, Pre-Seed, Series A Software, Artificial Intelligence, SaaS $363k–$15M
Global Founders Capital
VC Fund
12 United States, Germany, United Kingdom Seed, Series A, Pre-Seed Financial Services, Software, FinTech $725k–$30M
Inovia Capital
VC Fund
12 Canada, United States, United Kingdom Seed, Series A, Series B Software, SaaS, E-Commerce $581k–$85M
Anges Quebec
VC Fund
12 Canada, Spain, United States Seed, Angel Health Care, Software, Artificial Intelligence $363k–$2.9M
BDC Venture Capital
VC Fund
12 Canada, United States, Japan Series A, Seed Software, Information Technology, Internet $392k–$16M
Golden Ventures
VC Fund
11 Canada, United States, Japan Seed, Series A, Series B Software, Artificial Intelligence, Information Technology $1.2M–$40M
Portage Ventures
VC Fund
10 United States, Canada, France Seed, Series A, Series B FinTech, Financial Services, Finance $2M–$50M
Conconi Growth Partners
VC Fund
10 Canada, United States, Mexico Seed, Series A Software, FinTech, Financial Services $500k–$11M
OMERS Ventures
VC Fund
10 Canada, United States, United Kingdom Series A, Series B, Seed Software, SaaS, Health Care $1.1M–$165M
Ferst Capital Partners - FCP
VC Fund
10 Canada, United States, Germany Seed, Series A Software, Financial Services, FinTech $545k–$7.3M
Cycle Capital
VC Fund
9 Canada, United States, Germany Series B, Seed Manufacturing, Energy, Electronics $54k–$20M
NAventures
VC Fund
8 Canada, United States, Israel Series A, Series B, Seed FinTech, Financial Services, Software $1.8M–$30M
Tom Williams
Angel
8 United States, Canada, India Seed, Series A, Series B Software, Health Care, Financial Services $1.3M–$67M
Business Development Bank of Canada
VC Fund
8 Canada, United States, Argentina Series A, Seed Software, Information Technology, Manufacturing $22k–$15M
Diagram Ventures
VC Fund
8 Canada, United States Seed, Series A, Series B Financial Services, FinTech, Software $1.3M–$12M
National Bank of Canada
VC Fund
7 Canada, United States, Spain Debt Financing, Post-IPO Debt, Series B Software, Financial Services, FinTech $872k–$250M
N49P
VC Fund
7 Canada, United States Seed, Pre-Seed, Series A Software, Financial Services, Machine Learning $350k–$12M
Garage Capital
VC Fund
7 Canada, United States, United Kingdom Seed, Series A, Pre-Seed Software, Information Technology, Internet $585k–$24M
Desjardins Venture Capital
VC Fund
7 Canada, United States Seed, Series A Software, Information Technology, Manufacturing $799k–$18M
Mistral Venture Partners
VC Fund
7 Canada, United States Seed, Series A, Series B Software, SaaS, Internet $400k–$38M
CFV Ventures
VC Fund
7 United States, Canada, Japan Pre-Seed, Seed FinTech, Financial Services, Software $20k–$8.8M
Innovacorp
VC Fund
6 Canada, Australia, United States Seed, Grant Software, Information Technology, Health Care $25k–$3M
The 51 Ventures
VC Fund
6 Canada, United States Seed, Grant Information Technology, Health Care, Software $120k–$3M
New Brunswick Innovation Foundation
VC Fund
6 Canada, United States Seed, Grant Software, Information Technology, Analytics $25k–$5.5M
FJ Labs
VC Fund
6 United States, United Kingdom, Brazil Seed, Series A, Series B E-Commerce, Software, Financial Services $1.1M–$107M
White Star Capital
VC Fund
6 Canada, United States, United Kingdom Series A, Seed, Series B Financial Services, FinTech, Software $1M–$60M
Mechanism Capital
VC Fund
6 United States, Singapore, Canada Seed, Series A Blockchain, Software, Gaming $1.3M–$12M
Ventures Platform
VC Fund
6 Nigeria, United States, Kenya Seed, Pre-Seed Financial Services, FinTech, Internet $50k–$4.4M
Rhino Ventures
VC Fund
6 Canada, Isle of Man, United States Seed, Series A Financial Services, Software, Education $1M–$15M
GrowthWorks Capital
VC Fund
6 Canada, United States, Japan Series B, Series A Software, Biotechnology, Health Care $1.6M–$20M
Lemniscap
VC Fund
6 United States, United Kingdom, France Seed, Series A Blockchain, Cryptocurrency, Financial Services $1.5M–$25M
ParaFi Capital
VC Fund
6 United States, Singapore, Canada Seed, Series A Blockchain, Cryptocurrency, FinTech $1M–$30M
Accelerate Fund
VC Fund
5 Canada, United States Series A, Seed Software, Information Technology, Health Care $91k–$12M
Ontario Centres of Excellence
VC Fund
5 Canada, United States Seed, Grant, Pre-Seed Software, Information Technology, Health Care $11k–$2M
Hypersphere Ventures
VC Fund
5 United States, Singapore, Canada Seed, Series A Blockchain, Cryptocurrency, Software $1.8M–$19M
Canaccord Genuity Group
VC Fund
5 Canada, United States, Australia Post-IPO Equity, Post-IPO Debt Mining, Precious Metals, Software $4.1M–$125M
Heron Rock Fund
VC Fund
5 United States, Canada, India Seed, Series A Software, Health Care, SaaS $250k–$21M
Microtraction
VC Fund
5 Nigeria, United States, Canada Pre-Seed, Seed, Angel Financial Services, FinTech, Software $25k–$1.2M
CMS Holdings
VC Fund
5 United States, Singapore, Canada Seed, Series A Blockchain, Cryptocurrency, Financial Services $1.9M–$8M
Susa Ventures
VC Fund
5 United States, Canada, United Kingdom Seed, Series A, Series B Software, Information Technology, SaaS $1.9M–$65M
Maple VC
VC Fund
5 Canada, United States, South Korea Seed, Series A, Pre-Seed Software, Payments, FinTech $1.9M–$18M
GreenSky Ventures
VC Fund
5 Canada, United States, United Kingdom Seed, Series A Software, Information Technology, Health Care $350k–$5.1M
Lerer Hippeau
VC Fund
5 United States, Canada, United Kingdom Seed, Series A, Series B Software, E-Commerce, Internet $1M–$35M
Meltem Demirors
Angel
5 United States, Canada, France Seed, Series A, Pre-Seed Blockchain, Cryptocurrency, Financial Services $885k–$12M
Polychain
VC Fund
5 United States, Singapore, Switzerland Seed, Series A Blockchain, Cryptocurrency, FinTech $1.3M–$26M
Access all 720 investors in Canada Financial Services startups.

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

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Investor list

Luge Capital
VC Fund · Montréal, Quebec, Canada · 16 investments in Canada Financial Services startups

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.

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Investment focus

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

Investor stats

  • Total investments: 29
  • Round size: Seed $1M–$6.6M; Series A $5.8M–$7M
  • Lead/follow: 48% lead, 52% follow
  • Last fund: May invest from a new fund soon — raised $85M in 2019

Portfolio highlights

  • Plooto — Powerful accounts payable and receivable software from Plooto helps your business automate these processes. Click here to learn more.
  • Westhill — Westhill is an insurance company that specializes in claims, technology, property and casualty, homeowners, and property. It helps insurance companies delight property owners in their “moment of truth” blending a proprietary digital experience. The company was founded in 2017 and headquartered in Atlanta, Georgia.
  • Buckzy Payments — Buckzy Payments is dedicated to building the worlds first open real-time ecosystem for enabling consumers and small businesses to send and receive money instantly, 24x7, 365 days
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Real Ventures
VC Fund · Montréal, Quebec, Canada · 16 investments in Canada Financial Services startups, 8 in the past 12 months

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

Investor stats

  • Total investments: 195
  • Round size: Seed $581k–$4M; Series A $1.6M–$17M; Series B $7M–$145M
  • Lead/follow: 16% lead, 84% follow
  • Last fund: May invest from a new fund soon — raised $131M in 2017

Portfolio highlights

  • dcbel — dcbel's mission is to deliver energy that lets people live a life without compromise.dcbel™ (formerly known as Ossiaco) sits at the nexus of residential solar power, electric vehicle charging, the smart home, and customer-centric utilities. The dcbel team has a proven history of rethinking energy distribution for everything from largeutility customers to distributed energy resource providers.dcbel's AI-driven sustainable technologies enable people to leverage solar energy to power their cars, their homes, and their lifestyles.dcbel has numerous worldwide patents in power electronics and power conversion and is backed by a number of globally respected investors.
  • HumanFirst — The complete productivity suite to transform natural language into business insights and AI training data
  • BIOS — BIOS Health is unlocking the potential of the nervous system in treating chronic disease by using AI-powered neural interfaces that can automatically read and write neural signals.
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Impression Ventures
VC Fund · Toronto, Ontario, Canada · 15 investments in Canada Financial Services 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: 30
  • Round size: Seed $944k–$6M; Series A $5.5M–$7M
  • Lead/follow: 45% lead, 55% follow
  • Last fund: May invest from a new fund soon — raised $26M in 2020

Portfolio highlights

  • Symend — Symend’s digital engagement platform uses behavioral science and data-driven insights to empower customers to resolve past due bills. Leveraging advanced analytics, Symend helps enterprises better engage millions of customers by providing deep insight into consumer behavior. Symend continuously optimizes these insights and empathetically nudgescustomers towards a desired action with personalized communications, self-serve tools and flexible repayment options. Symend’s relationship-based approach keeps enterprises attuned to the changing needs of their customers and empowers them to take action. This increases customer satisfaction, lowers operating costs, and helps resolve past due bills before reaching collections. Founded in 2016, Symend’s platform is purpose built to serve complex global enterprises in telecommunications, financial services, utilities and media. Symend is headquartered in Calgary and privately held, with global operations across Canada, the United States and Latin America. For more information, please visit https://symend.com/ and follow the company on LinkedIn, Twitter, Facebook and Instagram.
  • Owl.co — Owl.co is a leading provider of customer insight solutions for the insurance industry. By leveraging advanced technology, including data analytics and machine learning, Owl.co enables insurers to access unbiased claimant information and make faster and better-informed claim decisions. The company's innovative solutions streamline claims management processes, improve operational efficiency, and enhance customer experiences.
  • Trustate — Trust and Estate Administration made simple. We close estates at the click of a button.
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Panache Ventures
VC Fund · Montréal, Quebec, Canada · 15 investments in Canada Financial Services startups

Canada's leading nationwide pre-seed venture fund.

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Investment focus

  • Industry: Software, Information Technology, Artificial Intelligence
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Canada, United States, Israel

Investor stats

  • Total investments: 115
  • Round size: Seed $872k–$6M; Pre-Seed $436k–$2.3M; Series A $1.1M–$22M
  • Lead/follow: 16% lead, 84% follow
  • Last fund: Likely still investing — raised $100M in 2022

Portfolio highlights

  • Eli — The women's health company providing lifelong insights from your saliva.
  • ODAIA — Empowering Pharma's Next Generation of Engagement with HCPs
  • Reworkd — Assemble, configure, and deploy autonomous AI Agents in your browser.
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Hedgewood
VC Fund · Toronto, Ontario, Canada · 14 investments in Canada Financial Services 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
  • 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.
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MaRS Investment Accelerator Fund
VC Fund · Toronto, Ontario, Canada · 13 investments in Canada Financial Services startups

Working with Ontario talent to develop World Class Companies Learn More

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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.
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Global Founders Capital
VC Fund · Berlin, Berlin, Germany · 12 investments in Canada Financial Services startups, 36 in the past 12 months

Over the past two decades, GFC have backed over five hundred entrepreneurs worldwide, e.g. Facebook, LinkedIn, Slack, and Away Travel.

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Investment focus

  • Industry: Financial Services, Software, FinTech
  • Stage:Seed, Series A, Pre-Seed
  • Geography: United States, Germany, United Kingdom

Investor stats

  • Total investments: 751
  • Round size: Seed $1.1M–$7.2M; Pre-Seed $725k–$5M; Series A $3.3M–$30M
  • Lead/follow: 24% lead, 76% follow
  • Last fund: May invest from a new fund soon — last raise in 2018

Portfolio highlights

  • Kaso — Elkaso is the leading Order and Procurement Management Tool for Restaurants and Suppliers in the Middle East.
  • Momento — Momento is an insurtech company with the objective of revolutionizing the insurance industry in Latin America, starting with car insurance. We want to make insurance easy and accessible for the underserved population in LATAM.
  • Equilibrium Energy — Equilibrium Energy operates at the intersection of grid variability, market volatility, economic optimization, commercial structuring, trading, and risk management, across the end-to-end power value chain. Their ambition is to become a next-generation clean power company that reshapes the energy industry. They address inquiries through onlineapplications.
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Inovia Capital
VC Fund · Montréal, Quebec, Canada · 12 investments in Canada Financial Services startups, 10 in the past 12 months

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, SaaS, E-Commerce
  • Stage:Seed, Series A, Series B
  • Geography: Canada, United States, United Kingdom

Investor stats

  • Total investments: 259
  • Round size: Seed $581k–$6.2M; Series A $1.4M–$15M; Series B $4.3M–$85M
  • Lead/follow: 37% lead, 63% follow
  • Last fund: Likely still investing — fund raised in 2022

Portfolio highlights

  • Novisto — Novisto's sustainability management software enables companies to create value from their ESG initiatives. Request a demo today!
  • Cohere — Cohere provides access to advanced Large Language Models and NLP tools through one easy-to-use API. Get started for free.
  • Plenty — Plenty makes it easy for modern partners to invest and plan for their future together. Effortlessly invest like the 1% and turn your goals and dreams into reality.
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Anges Quebec
VC Fund · Quebec, Quebec, Canada · 12 investments in Canada Financial Services startups, 6 in the past 12 months

Value-added investors for innovative entrepreneurs.

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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.
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BDC Venture Capital
VC Fund · Calgary, Alberta, Canada · 12 investments in Canada Financial Services startups, 33 in the past 12 months

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.

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Investment focus

  • Industry: Software, Information Technology, Internet
  • Stage:Series A, Seed
  • Geography: Canada, United States, Japan

Investor stats

  • Total investments: 302
  • Round size: Seed $392k–$4M; Series A $2.5M–$16M
  • Lead/follow: 25% lead, 75% follow
  • Last fund: Likely still investing — fund raised in 2022

Portfolio highlights

  • Cognota — Synapse helps companies around the world improve the productivity of their corporate learning and development teams. Our award-winning software streamlines training intake, project and capacity planning, and content design processes to make training teams more digital, agile, and efficient.This first-of-its-kind software allows our customers toget better visibility into the training needs of their businesses and consolidate the disparate tools they are using so they can access capacity data for better decision making and author course content with unprecedented speed.Collaboration with subject matter experts takes place directly within the platform ensuring knowledge is effectively captured and easy to update as required.The Synapse mission is to enable more people to learn and grow. Founded in 2015, Synapse has clients in multiple sectors and is based out of Toronto Canada with offices in San Diego and Merida, Mexico. For more information about Synapse software, visit www.getsynapse.com.
  • 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.
  • Carbon Upcycling — Carbon Upcycling Technologies (“CUT”) was formed to use the pollution of today to build the materials of tomorrow by converting CO2 gas into solid products. CUT sells advanced solid products derived from greenhouse emissions and cheaply available solids. Since 2014, CUT has scaled its ability to convert CO2 emissions into value-add end materials byover a million times. Through its portfolio of CO2-derived solid nanoparticles, CUT has technically validated its solutions for use in plastics, coatings, epoxy, adhesives, concrete, lithium-ion battery, and pharmaceutical industries. CUT recently launched a consumer brand called Expedition Air.CUT commercialized a corrosion-resistant coating, utilizing its nanoparticles, in 2017, becoming the youngest CO2 utilization company to generate commercial revenue (<2.5 years since inception) and has since been confirmed as one of the top CO2 utilization companies in the world as a winner of the X-Factor Award in the NRG COSIA Carbon XPRIZE. CUT has been named as a Solar Impulse Efficient Solution label recipient, a funding recipient of Fundación Repsol Entrepreneurs Fund, and a winner of the 2019 76West Clean Technology Competition.CUT’s most advanced product is its CO2-embedded concrete additive. In 2018, CUT graduated from the LafargeHolcim Accelerator in France and has continued conversations and testing with the company since then. CUT is also partnered with Burnco and Cemex. CUT’s commercial demonstration at the Alberta Carbon Conversion Technology Centre produces over 20 tonnes of concrete additives in a day. The product reduces the carbon footprint of concrete manufacturing by up to 25% while increasing the compressive strength of concrete by up to 40%.
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Access 48,091 investors

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

Browse database — It's Free!
Golden Ventures
VC Fund · Toronto, Ontario, Canada · 11 investments in Canada Financial Services startups, 8 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, Japan

Investor stats

  • Total investments: 146
  • Round size: Seed $1.5M–$6M; Series A $3.5M–$32M; Series B $1.2M–$40M
  • Lead/follow: 17% lead, 83% follow
  • Last fund: Likely still investing — fund raised in 2021

Portfolio highlights

  • BenchSci — BenchSci is the world leader in AI-Assisted Reagent Selection and Experiment Design. Our preclinical R&D SaaS platform uses machine learning to help pharmaceutical companies increase their research velocity.
  • Ideogram — Ideogram: Helping people become more creative.
  • Shakudo — Shakudo unites all of the data tools and services you need into a single comprehensive data platform, allowing your team to develop and deploy analytics-based solutions with ease.
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Portage Ventures
VC Fund · Toronto, Ontario, Canada · 10 investments in Canada Financial Services startups, 6 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, Finance
  • Stage:Seed, Series A, Series B
  • Geography: United States, Canada, France

Investor stats

  • Total investments: 87
  • Round size: Seed $2M–$16M; Series A $6M–$25M; Series B $4.8M–$50M
  • Lead/follow: 32% lead, 68% follow
  • Last fund: Likely still investing — raised $447M in 2022

Portfolio highlights

  • Mooncard — Mooncard was created with an ambition: to put the new payment technologies at the service of the day-to-day management of all companies to enable them to gain in simplicity, efficiency and therefore profitability. Currently, many purchasing and spending processes remain manual and complex, ranging from routine purchases and expenses to expenseclaims. Businesses of any size, and often the small ones, lose valuable time to make and manage these payments. Mooncard completely transforms this situation by proposing an innovative payment solution, piloted in real time, secure and deployable very easily. Thanks to the most modern technologies (web, big data, IA ...) the payment and management circuit is completely automated.Mooncard supports all companies to enable them to take full advantage of the revolution of means of payment.
  • Croissant — Croissant gives guaranteed buybacks on new purchases, so you can buy more and better.
  • Franklin — Hybrid cash & crypto payroll
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Conconi Growth Partners
VC Fund · Vancouver, British Columbia, Canada · 10 investments in Canada Financial Services startups

Conconi Growth Partners is committed to helping exceptional entrepreneurs build great companies.

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Investment focus

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

Investor stats

  • Total investments: 61
  • Round size: Seed $500k–$4.8M; Series A $2.5M–$11M
  • Lead/follow: 5% lead, 95% follow

Portfolio highlights

  • OneVest — OneVest empowers enterprises and consumers to access private wealth management through our Wealth-as-a-Service platform.
  • Oneinvest — OneVest empowers enterprises and consumers to access private wealth management through our Wealth-as-a-Service platform.
  • Requity Homes — Requity Homes Inc. is on a mission to create a fair and flexible alternative path to home ownership in Canada by offering a modernized rent-to-own program that enables aspiring home buyers to live in their dream home today with the option to buy it back later while saving for their down payment one month at a time.
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OMERS Ventures
VC Fund · Toronto, Ontario, Canada · 10 investments in Canada Financial Services startups, 8 in the past 12 months

OMERS Ventures Home Page.

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Investment focus

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

Investor stats

  • Total investments: 143
  • Round size: Seed $1.1M–$4.7M; Series A $5.8M–$25M; Series B $8.7M–$165M
  • Lead/follow: 52% lead, 48% follow
  • Last fund: May invest from a new fund soon — last raise in 2020

Portfolio highlights

  • Solink — Find what you're looking for in seconds Take a self-guided tour and see how effortlessly you can pinpoint what you're searching for in seconds using
  • OneVest — OneVest empowers enterprises and consumers to access private wealth management through our Wealth-as-a-Service platform.
  • Redwood Materials — Redwood creates a closed-loop, domestic supply chain by recycling and refining lithium-ion batteries and remanufacturing anode and cathode components.
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Ferst Capital Partners - FCP
VC Fund · Montréal, Quebec, Canada · 10 investments in Canada Financial Services startups

Ferst Capital Partners (FCP) is a private investment firm which invests in venture capital, private equity, public markets, sector-focused funds and crypto assets. We have an interest and expertise in consumer fintech, digital assets and search funds.

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Investment focus

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

Investor stats

  • Total investments: 21
  • Round size: Seed $545k–$1.9M; Series A $2.9M–$7.3M
  • Lead/follow: 33% lead, 67% follow

Portfolio highlights

  • auticon — auticon is the first German company to exclusively employ autistic people as software testers and offer their services (Software-Tests) on the free market. This innovative approach gives the client the advantage of special high-quality workmanship.
  • NorthOne — NorthOne is an online Business Account with built-in features to make business banking fast and easy. No overdraft fees. No minimum balance. No hidden fees.
  • Moka — Moka helps you save effortlessly by automatically investing your spare change. Get started in just a few minutes and watch your money grow with every purchase you make. Save more, spend less and invest smarter with Moka.
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Cycle Capital
VC Fund · Montréal, Quebec, Canada · 9 investments in Canada Financial Services startups

Cycle Capital is a pioneer in Canadian Cleantech venture capital fund management investing in companies at the development and commercialization stages in North America. Founded in 2009 by Andrée-Lise Méthot, Founder and Managing Partner, Cycle Capital’s Platform has become an important venture capital investor of the Cleantech industry with its 3funds totaling $230M Assets Under Management (AUM). Cycle Capital is looking to invests in promising ventures that are not capital intensive and/or that can benefit from the leverage brought by Cycle Capital extensive network of investors, strategic partners and advisors.In addition to its core investments, Cycle Capital targets companies with high growth potential – especially those with strong intellectual property, leading edge technologies and with exceptional management talent that would benefit from the firm’s network of strategic industrial partners and expert advisors. With its core investment and business expertise, Cycle Capital plays an active role adding meaningful and tangible value to its portfolio companies at all stages of their life.

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Investment focus

  • Industry: Manufacturing, Energy, Electronics
  • Stage:Series B, Seed
  • Geography: Canada, United States, Germany

Investor stats

  • Total investments: 67
  • Round size: Seed $54k–$2.7M; Series B $5.8M–$20M
  • Lead/follow: 35% lead, 65% follow
  • Last fund: May invest from a new fund soon — raised $145M in 2020

Portfolio highlights

  • VueReal — VueReal is engineering the next electronic systems by mass integration of high-efficiency nano/micro-devices into large-area substrates (e.g., displays, sensors, system on panel, and more). They have started by making the true-life experience of micro-LED displays affordable for all applications (TV, laptop, smartphone,virtual/augmented reality, etc.). VueReal technology platform is based on the interplay of cutting-edge micro/nano-device processing, sophisticated integration technologies and advanced system design (hardware and software). VueReal technologies can enhance the experience of existing electronic systems and enable new applications by integrating millions of highly efficient micro-devices (micro-LED) into system substrate. As our Solid Printing (TM) technology works across all substrate sizes, it can develop displays ranging from super high ppi (>4000 ppi) to very large.
  • Airex Energy — Airex Energy provides solutions for a sustainable future. Helping reduce greenhouse gas emissions and remove carbon from the atmosphere.
  • SPARK Microsystems — Discover SPARK Ultra-wideband: Revolutionizing AR, VR, audio, gaming, and IoT with responsive low-latency, high-speed wireless transceivers.
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NAventures
VC Fund · Montréal, Quebec, Canada · 8 investments in Canada Financial Services startups

NAventures is the corporate venture capital arm of National Bank of Canada.

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Investment focus

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

Investor stats

  • Total investments: 24
  • Round size: Seed $1.8M–$3.6M; Series A $4.7M–$12M; Series B $8M–$30M
  • Lead/follow: 17% lead, 83% follow

Portfolio highlights

  • Sardine — Solve risk, compliance, and payments with one powerful API.
  • Ownly — Ownly buyer verification, digital selling tools, and online deposits remove doubt from the homebuying process for both real estate teams and homebuyers.
  • FX HedgePool — FX HedgePool is an award-winning matching engine for mid-market execution of FX swaps.
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Tom Williams
Angel · San Francisco, California, United States · 8 investments in Canada Financial Services startups

Tom Williams

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Investment focus

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

Investor stats

  • Total investments: 74
  • Round size: Seed $1.3M–$5M; Series A $5.1M–$12M; Series B $10M–$67M
  • Lead/follow: 4% lead, 96% 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.
  • Delphia — Invest with your data, not your money.
  • NorthOne — NorthOne is an online Business Account with built-in features to make business banking fast and easy. No overdraft fees. No minimum balance. No hidden fees.
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Business Development Bank of Canada
VC Fund · Montréal, Quebec, Canada · 8 investments in Canada Financial Services startups, 19 in the past 12 months

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.

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Investment focus

  • Industry: Software, Information Technology, Manufacturing
  • Stage:Series A, Seed
  • Geography: Canada, United States, Argentina

Investor stats

  • Total investments: 207
  • Round size: Seed $22k–$4M; Series A $3M–$15M
  • Lead/follow: 37% lead, 63% follow
  • Last fund: Likely still investing — fund raised in 2023

Portfolio highlights

  • FlipGive — Free tools to simplify team money management and lower team fees. Earn cashback, balance the budget, accept fee payments, get a team spend card, and more.
  • Arolytics — Build, manage, and execute the most efficient emissions management program custom to your oil and gas operations.
  • Clear Blue Technologies — Clear Blue Technologies, the Smart Off-Grid company, combines green energy with the proven advantages of communications and cloud technology to power and control off-grid lighting, security and mobile solutions. We are ushering in a new age of off-grid systems, that deliver the reliability of grid connected systems but are environmentally friendly,less costly, and can be monitored and controlled over the Internet.
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Diagram Ventures
VC Fund · Montréal, Quebec, Canada · 8 investments in Canada Financial Services startups

Diagram is backed by a unique combination of entrepreneurs and industry leaders. Together they provide market insights and create opportunities to accelerate the success of our 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: 21
  • Round size: Seed $1.3M–$7.9M; Series A $4.7M–$12M
  • Lead/follow: 38% lead, 62% follow
  • Last fund: Likely still investing — raised $87M in 2021

Portfolio highlights

  • Helika — Helika is a web3 product analytics platform that helps projects better understand their users, increase engagement, and drive growth.
  • ClearEstate — ClearEstate is a one-stop-shop for all your estate planning and settlement needs. Our platform and experts will handle the entire settlement process.
  • Obeo Biogas — Obeo is one of the leading suppliers of renewable energy solutions for dairy farmers. Our innovative anaerobic digestion facilities convert dairy farm waste into renewable energy, while helping farmers reduce their environmental impact and improve their profitability.
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National Bank of Canada
VC Fund · Calgary, Alberta, Canada · 7 investments in Canada Financial Services startups, 8 in the past 12 months

Founded in Quebec City in 1859, the Bank has grown while striving to always earn the trust of its various stakeholders and contribute to the development of the communities it serves. Through a series of mergers and acquisitions over the course of its history, National Bank Financial Group has grown to become a powerful integrated financialgroup and Quebecâ€:tm:s leading bank. National Bank Financial Group is firmly committed to continuing deployment of its One client, one bank vision, which is aimed at giving clients access to the same exceptional service, whatever their point of entry to the Financial Group, and ensuring that our efforts are even more focused on client satisfaction.

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Investment focus

  • Industry: Software, Financial Services, FinTech
  • Stage:Debt Financing, Post-IPO Debt, Series B
  • Geography: Canada, United States, Spain

Investor stats

  • Total investments: 55
  • Round size: Series B $7M–$73M; Post-IPO Debt $3.6M–$250M; Debt Financing $872k–$217M
  • Lead/follow: 43% lead, 57% follow

Portfolio highlights

  • Hecate Grid — Hecate Grid is an independent power producer (IPP) that develops, owns, and operates standalone storage projects.
  • Lycos Energy — Lycos is an exploration, development, and production firm run by a group of highly skilled experts who use a daring and innovative strategy to seize and profit from chances that others have passed over.
  • eStruxture — eStruxture is the largest Canadian Data Center Colocation Provider. Colocation space Available in Montreal, Toronto, Calgary, Vancouver.
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N49P
VC Fund · Toronto, Ontario, Canada · 7 investments in Canada Financial Services startups

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

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Investment focus

  • Industry: Software, Financial Services, Machine Learning
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Canada, United States

Investor stats

  • Total investments: 41
  • Round size: Seed $350k–$3.5M; Pre-Seed $363k–$3.6M; Series A $7M–$12M
  • Lead/follow: 14% lead, 86% follow

Portfolio highlights

  • Quandri — Quandri is a digital worker for insurance brokers & agencies.
  • Spellbook — Rally is the perfect software for lawyers who want to automate legal documents, offer legal subscription services, streamline client intake, and offer a client portal. Law firms choose Rally as an end-to-end workflow for a better client experience.
  • Vivid Machines — Digitizing permanent crop production | Vivid Machines | Ontario
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Garage Capital
VC Fund · Waterloo, Ontario, Canada · 7 investments in Canada Financial Services startups, 10 in the past 12 months

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

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Investment focus

  • Industry: Software, Information Technology, Internet
  • Stage:Seed, Series A, Pre-Seed
  • Geography: Canada, United States, United Kingdom

Investor stats

  • Total investments: 76
  • Round size: Seed $2M–$6.5M; Pre-Seed $585k–$3.6M; Series A $7.3M–$24M
  • Lead/follow: 4% lead, 96% follow

Portfolio highlights

  • Eli — The women's health company providing lifelong insights from your saliva.
  • Quilt — Quilt's mission is to move humanity off fossil fuel heating, starting with the home. 20% of US global warming emissions come from homes (that’s more than cars!). The largest driver of home emissions is burning fossil fuels for heat. Quilt's first product is a next generation heating and cooling system that makes homes more comfortable,healthier and more efficient, based on all-electric heat pump technology.
  • Finta — Finta lets founders and operators easily manage taxes, bookkeeping, and financial insights - all in one platform.
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Desjardins Venture Capital
VC Fund · Lévis, Quebec, Canada · 7 investments in Canada Financial Services 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, Information Technology, Manufacturing
  • Stage:Seed, Series A
  • Geography: Canada, United States

Investor stats

  • Total investments: 126
  • Round size: Seed $799k–$5.2M; Series A $4.7M–$18M
  • Lead/follow: 11% lead, 89% follow
  • Last fund: May invest from a new fund soon — last raise in 2018

Portfolio highlights

  • Cegerco — Cegerco specializes in the construction of industrial and institutional sectors. They also restore and renovate historic buildings, while maintaining the original materials. They provide services in the mining sector like silos, conveyors, crushers, etc.
  • Groupe Canva — Canva Group is a dynamic holding company in the identification and visual communications field with 9 complementary companies acquired over the last 15 years. Operating with 3 different autonomous business units under the names of Idenco Canada (Boucherville), Decalcomanie Artistic (Montreal) and Mirazed in (St-Hubert), the 200-employee companyserves more than 4,000 customers with its complementary serigraphy and digital printing services. Their goal is to create the best customer experience.
  • Voilà! Technologies — Learn how Evolia's employee scheduling app can save you time managing schedules and increase employee engagement.
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Mistral Venture Partners
VC Fund · Ottawa, Ontario, Canada · 7 investments in Canada Financial Services startups, 7 in the past 12 months

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.

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Investment focus

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

Investor stats

  • Total investments: 58
  • Round size: Seed $400k–$5.5M; Series A $3.9M–$7.5M; Series B $8.7M–$38M
  • Lead/follow: 28% lead, 72% follow
  • Last fund: May invest from a new fund soon — raised $36M in 2020

Portfolio highlights

  • Expeto — Expeto is the world’s first and market leading “carrier-grade” Private Mobile Networking (PMN) platform that allows enterprises to confidently extend public and private mobile networks as one secure corporate WAN without losing control of their data or devices. Unlike hardware-heavy legacy solutions, Expeto is a containerized, software solutionpurpose-built to install behind the firewall, from the cloud, at the edge, or on prem. Affordably offered “as-a-service” and easily managed by IT, Expeto is as easy to deploy and manage as a Wi-Fi network.
  • Cookin — Cookin is a homemade food delivery marketplace where people can find home-cooked meals and have them delivered to their doors.Cookin Inc. is rethinking what it takes to start a food business and enabling a new class of creators to do what they love. Cookin empowers talented cooks, many of whom are reinventing themselves from a topsy-turvyrestaurant industry, to turn their own talents and home kitchens into a source of income. Cookin matches buyers and cooks together on the marketplace and dispatches a driver to pick up the meal and deliver it.
  • Buckzy Payments — Buckzy Payments is dedicated to building the worlds first open real-time ecosystem for enabling consumers and small businesses to send and receive money instantly, 24x7, 365 days
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CFV Ventures
VC Fund · Charlotte, North Carolina, United States · 7 investments in Canada Financial Services startups

Early stage venture capital firm focused on Fintech

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Investment focus

  • Industry: FinTech, Financial Services, Software
  • Stage:Pre-Seed, Seed
  • Geography: United States, Canada, Japan

Investor stats

  • Total investments: 63
  • Round size: Seed $20k–$8.8M; Pre-Seed $40k–$610k
  • Lead/follow: 2% lead, 98% follow
  • Last fund: May invest from a new fund soon — raised $6.7M in 2019

Portfolio highlights

  • PTO Exchange — PTO Exchange is the first benefits platform that allows employees to self-direct the value of their unused paid time off (PTO) for other needs and causes.
  • AleFi — Empowering Finance Content Creators
  • VoiceScript, Inc. — VoiceScript, Inc. is a leading supplier of legal technology and SaaS solutions designed to modernize the court reporting and legal industries. VoiceScript products and services allow court reporting agencies to deliver the industry's best and most efficient court reporting services while also significantly reducing production costs anddelivery times for certified legal transcripts. By partnering with VoiceScript, court reporting agencies can quickly scale their digital court reporting business, while dramatically improving their overall profitability.
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Innovacorp
VC Fund · Halifax, Nova Scotia, Canada · 6 investments in Canada Financial Services startups

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.

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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.
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The 51 Ventures
VC Fund · Calgary, Alberta, Canada · 6 investments in Canada Financial Services startups, 14 in the past 12 months

Women-powered capital building the Financial Feminist Economy.

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Investment focus

  • Industry: Information Technology, Health Care, Software
  • Stage:Seed, Grant
  • Geography: Canada, United States

Investor stats

  • Total investments: 47
  • Round size: Seed $120k–$3M
  • Lead/follow: 19% lead, 81% follow
  • Last fund: Likely still investing — fund raised in 2023

Portfolio highlights

  • Kibbi: Job Search — Kibbi is a mobile app and online job board that provides job seekers with the best opportunities in their local area.
  • Monark — Monark is an on-demand leadership development platform that offers self-led and expert-facilitated programs to help you transform your career.
  • Monark — At the Monark Ventures, we help great ideas live up to their fullest potential. We create, lead, and succeed.
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New Brunswick Innovation Foundation
VC Fund · Fredericton, New Brunswick, Canada · 6 investments in Canada Financial Services startups

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.

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Investment focus

  • Industry: Software, Information Technology, Analytics
  • Stage:Seed, Grant
  • Geography: Canada, United States

Investor stats

  • Total investments: 107
  • Round size: Seed $30k–$1.8M; Grant $25k–$5.5M
  • Lead/follow: 33% lead, 67% follow

Portfolio highlights

  • Passiv — Passiv makes it easy for you to manage your portfolio so that you can save more for retirement and spend more of your time enjoying life.
  • Soricimed — Soricimed is a privately-held, clinical stage company focused on the development and commercialization of applications originally derived from its unique and proprietary family of peptides found in the paralytic venom of the northern short-tailed shrew
  • ProcedureFlow — With ProcedureFlow, following company processes has never been easier. Our cloud-based knowledge management software will help you make your employees experts faster.
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FJ Labs
VC Fund · New York, New York, United States · 6 investments in Canada Financial Services startups, 51 in the past 12 months

FJ Labs is a stage-agnostic investment firm that focuses on marketplaces and consumer facing startups.

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Investment focus

  • Industry: E-Commerce, Software, Financial Services
  • Stage:Seed, Series A, Series B
  • Geography: United States, United Kingdom, Brazil

Investor stats

  • Total investments: 491
  • Round size: Seed $1.1M–$8.6M; Series A $3.5M–$23M; Series B $7.1M–$107M
  • Lead/follow: 4% lead, 96% follow
  • Last fund: May invest from a new fund soon — last raise in 2016

Portfolio highlights

  • Metaloop — Metaloop is a scrap trading company that helps businesses from the metal recycling industry to boost revenue without scaling.
  • Cardino — Cardino - Verkaufen Sie Ihr E-Auto digital zum besten Preis. Entdecken Sie die einfache und bequeme Art, Ihr Elektroauto online zu verkaufen.
  • Beckley Waves — Beckley Waves funds, supports, and mentors the emerging leaders, entrepreneurs, and partnerships working to create the operational infrastructure of a global psychedelic ecosystem.
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White Star Capital
VC Fund · New York, New York, United States · 6 investments in Canada Financial Services startups, 10 in the past 12 months

Our presence, perspective and people enable us to partner closely with founders to help them define this future.

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Investment focus

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

Investor stats

  • Total investments: 143
  • Round size: Seed $1M–$11M; Series A $5M–$36M; Series B $18M–$60M
  • Lead/follow: 43% lead, 57% follow
  • Last fund: Likely still investing — fund raised in 2022

Portfolio highlights

  • BoomFi — All-in-one solution to send, accept and convert crypto payments. Fast multi-chain crypto and fiat settlement. Get started today.
  • Eyeball Games — Eyeball Games operates as a gaming studio set up by the original creators of 8 Ball Pool, serial entrepreneurs and degens.
  • Trident Digital — Trident Digital is restoring market liquidity by providing the next-generation digital asset platform that addresses issues with access, security, and capital efficiency. It allows lenders and borrowers to connect transparently and not rely on a central counterparty.
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Mechanism Capital
VC Fund · 6 investments in Canada Financial Services startups

Mechanism Capital is an investment firm that invests in the cryptocurrency industry with a focus on decentralized finance or DeFi.

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Investment focus

  • Industry: Blockchain, Software, Gaming
  • Stage:Seed, Series A
  • Geography: United States, Singapore, Canada

Investor stats

  • Total investments: 81
  • Round size: Seed $1.3M–$8.6M; Series A $6M–$12M
  • Lead/follow: 20% lead, 80% follow

Portfolio highlights

  • GAM3S.GG — Your home of web3 gaming offering game discovery, reviews, guides, news & quests for a full experience.
  • Pixion Games — Pixion Games is a studio focused on building competitive esports games for mobile device.
  • Portals — Portals is a #DeFi yield and protocol aggregator for transaction bundling, any-to-any swaps, and real-time data
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Ventures Platform
VC Fund · Abuja, Federal Capital Territory, Nigeria · 6 investments in Canada Financial Services startups, 15 in the past 12 months

Ventures Platform Fund is a discovery fund that invests early in mission-driven founders that are building capital-efficient platforms that democratise prosperity, plug infrastructural gaps, connect underrepresented communities, solve for non-consumption, and improve livelihoods in Africa.

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Investment focus

  • Industry: Financial Services, FinTech, Internet
  • Stage:Seed, Pre-Seed
  • Geography: Nigeria, United States, Kenya

Investor stats

  • Total investments: 127
  • Round size: Seed $325k–$4.4M; Pre-Seed $50k–$1.1M
  • Lead/follow: 27% lead, 73% follow
  • Last fund: Likely still investing — raised $46M in 2022

Portfolio highlights

  • Lengo — Lengo is an AI based intelligence platform that offers a large database on consumer goods for companies in the FMCG sector.
  • Traction Apps — Traction apps provide businesses end to end tools they need to run and grow their businesses.
  • Remedial Health — We improve business to business access to medicines by providing such medicines from manufactures/registered distributors direct to large and small healthcare retail businesses (large pharmacies and remote chemist/PPMVs (Patent and Proprietary Medicine Vendors)) using technology to deliver just-in-time stock and provide financing and awide selection of inventory to such retail business.
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Rhino Ventures
VC Fund · Vancouver, British Columbia, Canada · 6 investments in Canada Financial Services startups

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.

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Investment focus

  • Industry: Financial Services, Software, Education
  • Stage:Seed, Series A
  • Geography: Canada, Isle of Man, United States

Investor stats

  • Total investments: 33
  • Round size: Seed $1M–$3.7M; Series A $4.5M–$15M
  • Lead/follow: 61% lead, 39% follow
  • Last fund: Likely still investing — raised $120M in 2021

Portfolio highlights

  • Super Advisor — Super Advisor helps Advisors gain independence with the best advisor and client experience in the industry. Use our automations to streamline your business and give your top-tier service to every single client.
  • Twig Fertility — Every nest starts with a twig. We are the next generation of fertility care.
  • Contact — Contact is the fast, simple way to book creative talent.
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GrowthWorks Capital
VC Fund · Vancouver, British Columbia, Canada · 6 investments in Canada Financial Services startups

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.

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Investment focus

  • Industry: Software, Biotechnology, Health Care
  • Stage:Series B, Series A
  • Geography: Canada, United States, Japan

Investor stats

  • Total investments: 113
  • Round size: Series A $1.6M–$20M; Series B $2.7M–$20M
  • Lead/follow: 15% lead, 85% follow
  • Last fund: May invest from a new fund soon — last raise in 2006

Portfolio highlights

  • ClearRisk — Our easy-to-use risk management software increases productivity, creates differentiation, and adds a simple and efficient process to manage risk!
  • HIGHLINEvc — HIGHLINE is a Pre-Seed investor & Acceleration Platform that helps digital startups get follow-on capital, backed by leading VCs with offices in Vancouver & Toronto.We believe in providing our founders with far more than capital. Yet unlike most accelerators, we have no rigid start/end dates throughout the year. By joining theHIGHLINE family, you get to call on us for advice on an ongoing basis, gain access to our premium network and monthly founder events. We’ll do our best to help with fundraising challenges and partner with incubators to help deliver specialized programming.
  • SWITCH Materials — SWITCH Materials develops revolutionary new materials based on proprietary organic molecules that "switch" optical properties on command.SWITCH’s molecular switches can be developed for a number of applications, especially in the areas of molecular electronics and health sciences, including optical filters, photochromic inks, paintsand fibers, high-density optical information storage systems, molecular sensors and biomarkers for labeling and tracking of live cells.SWITCH has assembled a team of cutting-edge materials scientists with combined expertise in synthetic chemistry, polymer processing, optics, and molecular & materials engineering. SWITCH conducts its research and development activities in our own laboratories and the state-of-the-art analytical and clean room facilities at 4D LABS, Simon Fraser University's new $40 million materials science research centre.
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Lemniscap
VC Fund · Hong Kong, Hong Kong Island, Hong Kong · 6 investments in Canada Financial Services startups, 13 in the past 12 months

Lemniscap is an early stage investment firm specializing in investments in emerging crypto assets.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Financial Services
  • Stage:Seed, Series A
  • Geography: United States, United Kingdom, France

Investor stats

  • Total investments: 89
  • Round size: Seed $1.5M–$8M; Series A $2.5M–$25M
  • Lead/follow: 29% lead, 71% follow

Portfolio highlights

  • Sort — Easily integrate Ethereum data into your app!
  • Gateway.fm — Unbreakable Web3 Infrastructure that seamlessly scales with you.
  • Webb Protocol — Webb builds infrastructure for connecting zero-knowledge applications empowering developers to unlock user privacy in the Web3 ecosystem.
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ParaFi Capital
VC Fund · Greenwich, Connecticut, United States · 6 investments in Canada Financial Services startups, 8 in the past 12 months

ParaFi Capital is an alternative investment firm focused on blockchain and decentralized finance markets.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, FinTech
  • Stage:Seed, Series A
  • Geography: United States, Singapore, Canada

Investor stats

  • Total investments: 116
  • Round size: Seed $1M–$6.4M; Series A $6M–$30M
  • Lead/follow: 25% lead, 75% follow

Portfolio highlights

  • Huma — Huma is an Income backed DeFi.
  • M^ZERO Labs — M^ZERO Labs intends to create a decentralized network that will let large users securely connect resources to a decentralized infrastructure. MZERO strives to establish itself as the decentralized money middleware that enables on-chain interaction between actors of significant scale and sophistication.
  • Superstate — Superstate is developing the next generation of legal, blockchain-based financial solutions.
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Accelerate Fund
VC Fund · Calgary, Alberta, Canada · 5 investments in Canada Financial Services startups

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

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Investment focus

  • Industry: Software, Information Technology, Health Care
  • Stage:Series A, Seed
  • Geography: Canada, United States

Investor stats

  • Total investments: 46
  • Round size: Seed $91k–$2.8M; Series A $944k–$12M
  • Lead/follow: 28% lead, 72% follow
  • Last fund: May invest from a new fund soon — raised $15M in 2020

Portfolio highlights

  • Areto Labs — Areto Labs is a human-focused cyber security company that uses AI to protect people by detecting and counteracting online abuse.
  • PayShepherd — PayShepherd helps manage contractor billing for industrial facilities and simplifies billing processes. Save time, money, and headaches.
  • Truffle — Truffle enables restaurants of all sizes to empower their teams, increase profits, and provide a smart dining experience that customers expect, with tools to manage your restaurant in a single platform. Truffle offers restaurants flexible tools to expand into Point of Sale, Online Ordering, Table Side, Delivery Management, Automated Pickup, TableReservations and Guest Marketing.
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Ontario Centres of Excellence
VC Fund · Toronto, Ontario, Canada · 5 investments in Canada Financial Services startups

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

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Investment focus

  • Industry: Software, Information Technology, Health Care
  • Stage:Seed, Grant, Pre-Seed
  • Geography: Canada, United States

Investor stats

  • Total investments: 145
  • Round size: Seed $38k–$2M; Grant $11k–$800k; Pre-Seed $38k–$1M
  • Lead/follow: 8% lead, 92% follow

Portfolio highlights

  • Uride — Welcome to Uride - your reliable and affordable ridesharing service with a community-focus. Enjoy the ease of quick pickups, lower fares, and a user-friendly app designed to make your travels smoother. Start riding today!
  • ventureLAB — At ventureLAB, we grow globally competitive tech titans that build-to-scale in Canada, for global markets.
  • Novel Biotechnology — Novel Biotechnology operates as a biotechnology company and develops innovative solutions for plasmid DNA production.
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Hypersphere Ventures
VC Fund · Miami, Florida, United States · 5 investments in Canada Financial Services startups, 6 in the past 12 months

Hypersphere Ventures is a venture capital firm that invests in and develops blockchain technology. A Hypersphere is an investment group leveraging on-chain treasuries, decentralized organizations, and governance to increase the utility of the blockchain networks in which we invest.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Software
  • Stage:Seed, Series A
  • Geography: United States, Singapore, Canada

Investor stats

  • Total investments: 78
  • Round size: Seed $1.8M–$17M; Series A $5.3M–$19M
  • Lead/follow: 19% lead, 81% follow

Portfolio highlights

  • Cube3.ai — CUBE3.AI is a web3 security platform that provides real-time transaction protection for smart contracts, safeguarding against cyber exploits, fraud, and compliance risks.
  • Sei Labs — Sei is the first sector-specific Layer 1 blockchain, specialized for trading to give exchanges an unfair advantage
  • Tanssi Network — The Tanssi Network is a permissionless appchain infrastructure protocol designed for swift and effortless deployment of application-specific blockchains.
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Canaccord Genuity Group
VC Fund · Toronto, Ontario, Canada · 5 investments in Canada Financial Services startups

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.

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Investment focus

  • Industry: Mining, Precious Metals, Software
  • Stage:Post-IPO Equity, Post-IPO Debt
  • Geography: Canada, United States, Australia

Investor stats

  • Total investments: 117
  • Round size: Post-IPO Debt $4.1M–$94M; Post-IPO Equity $5.2M–$125M
  • Lead/follow: 57% lead, 43% follow

Portfolio highlights

  • Li-FT Power — Li-FT Power is a cutting-edge company that focuses on identifying, exploring, discovering, and advancing early-stage lithium pegmatite projects in Canada. The company currently holds an interest in the Rupert Project, which is a 155,000-hectare greenfield lithium pegmatite exploration project.
  • enCore Energy — enCore Energy is a U.S. domestic uranium developer focused on becoming a leading In-Situ Recovery (ISR) uranium producer.
  • UGE — Cleaner, cheaper energy for everyone. Earn and save while you transition to renewable energy with community solar.
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Heron Rock Fund
VC Fund · Ottawa, Ontario, Canada · 5 investments in Canada Financial Services 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: 57
  • Round size: Seed $250k–$21M; Series A $4M–$12M
  • Lead/follow: 12% lead, 88% follow
  • Last fund: Likely still investing — fund raised in 2022

Portfolio highlights

  • Fieldcraft — Fieldcraft is the ingredient marketplace for food and beverage companies. Search, sample and simplify bulk industrial ingredient sourcing.
  • Henry Meds — Henry is a platform that empowers clinicians to deliver affordable treatment for chronic medical conditions.
  • Heard Technologies — Heard combines smart software with real humans to handle accounting, payroll and taxes. We act as a trusted financial advisor for your private practice.
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Microtraction
VC Fund · Lagos, Lagos, Nigeria · 5 investments in Canada Financial Services startups

We invest in Africa's most remarkable teams with technical founders at the earliest stage of their venture

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Investment focus

  • Industry: Financial Services, FinTech, Software
  • Stage:Pre-Seed, Seed, Angel
  • Geography: Nigeria, United States, Canada

Investor stats

  • Total investments: 57
  • Round size: Seed $25k–$1.2M; Pre-Seed $50k–$1M
  • Lead/follow: 39% lead, 61% follow
  • Last fund: Likely still investing — raised $15M in 2022

Portfolio highlights

  • Famasi — Famasi is a digital health platform that helps people access their medications, schedule doorstep delivery, and automate monthly refills.
  • Pennee — Pennee supports small businesses to grow with low interest loans and data optimization.
  • Clafiya — Discover Clafiya: Your trusted digital health platform, uniting in-person care and virtual solutions for a personalized and caring healthcare experience. Embrace a healthier, happier you, with us by your side.
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CMS Holdings
VC Fund · 5 investments in Canada Financial Services startups

CMS is a principal investment company that focuses on investing in the crypto-asset ecosystem. The firm plans to invest in both liquid and illiquid crypto tokens, as well as equity interests in select businesses.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Financial Services
  • Stage:Seed, Series A
  • Geography: United States, Singapore, Canada

Investor stats

  • Total investments: 99
  • Round size: Seed $1.9M–$7M; Series A $4M–$8M
  • Lead/follow: 4% lead, 96% follow

Portfolio highlights

  • GRVT — Trade on the next-gen hybrid derivatives exchange 100% self-custody. 0% counterparty risk. Traditional finance meets the power of blockchain.
  • BHR — Streamline home research and diligence. Real estate data from 30+ industry-leading providers. Powered by an AI real estate copilot. Available for every home in the US.
  • Webb Protocol — Welcome to Webb, an ecosystem of infrastructures and applications designed to extend privacy to the blockchain space. We are committed to a future where privacy is accessible for all in the multi-chain world.
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Susa Ventures
VC Fund · San Francisco, California, United States · 5 investments in Canada Financial Services startups, 22 in the past 12 months

A seed-stage VC fund investing in founders building value & defensibility through data, network effects, & economies of scale.

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Investment focus

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

Investor stats

  • Total investments: 213
  • Round size: Seed $1.9M–$5.3M; Series A $6.3M–$20M; Series B $11M–$65M
  • Lead/follow: 24% lead, 76% follow
  • Last fund: Likely still investing — fund raised in 2021

Portfolio highlights

  • Harmonya — The all-in-one AI-powered product data enrichment, categorization, and insights platform for CPGs and retailers
  • Ambient — Swap cryptocurrencies like a pro with Ambient. Decentralized trading is now better than ever.
  • Volition — Volition is the largest marketplace of industrial components, built just for hardware teams. We make it easy to find and purchase off-the-shelf parts.
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Maple VC
VC Fund · San Francisco, California, United States · 5 investments in Canada Financial Services startups

Maple VC is an angel fund that focuses on founders with Canadian roots.

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Investment focus

  • Industry: Software, Payments, FinTech
  • Stage:Seed, Series A, Pre-Seed
  • Geography: Canada, United States, South Korea

Investor stats

  • Total investments: 24
  • Round size: Seed $1.9M–$6M; Series A $10M–$18M
  • Lead/follow: 0% lead, 100% follow
  • Last fund: Likely still investing — raised $17M in 2021

Portfolio highlights

  • Mash — The internet is fundamentally broken. It's because of monetization. “Show me the incentives and I'll show you the outcome.”Our mission is to remonetize the web by enabling value for value monetary exchanges between pubs/creators/orgs and their users. A new business model for the open internet.We are unlocking this withfriction-minimized streaming payments that are no/low cost, instantly settled, trust-minimized.It is built on the best global digital monetary network ever conceived, Bitcoin. Enabled by Lightning Network. Most users don't need to know this or be a Bitcoiner. Over time we suspect many will.
  • ChargeLab — ChargeLab is the Android of EV charging. We don’t build EV chargers, but our hardware-agnostic platform runs on the world’s most popular EV chargers. Once connected, our software makes any EV charger smarter and easier to use.
  • Integral Treasury — The most powerful web3 financial stack ever created.
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GreenSky Ventures
VC Fund · Toronto, Ontario, Canada · 5 investments in Canada Financial Services startups

GreenSky Ventures is a Toronto-based firm that makes investments in early-stage Canadian technology companies.GreenSky Ventures seeks early-stage B2B technology companies in Canada, emphasizing protectable IP and experienced management. It makes investments in early-stage technology companies through its affiliated venture capital funds, GreenSkyAccelerator 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.

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Investment focus

  • Industry: Software, Information Technology, Health Care
  • Stage:Seed, Series A
  • Geography: Canada, United States, United Kingdom

Investor stats

  • Total investments: 44
  • Round size: Seed $350k–$5.1M
  • Lead/follow: 67% lead, 33% follow
  • Last fund: Likely still investing — fund raised in 2023

Portfolio highlights

  • Direct-C — Remote asset monitoring systems for oil and gas infrastructure that provide rapid leak detection for liquid hydrocarons, produced water and more.
  • Captain AI — Captain is the leading delivery management software for restaurant chains. Gain true visibility into your delivery operations while automating dispatch decisions and optimizing delivery times.
  • Mission Control Space Services Inc. — Mission Control is a space exploration and robotics company specializing in spacecraft operations, onboard autonomy and artificial intelligence. We are developing a full-stack robotic control solution. Our technology is designed to control and automate robotic assets operating in harsh and remote environments and increase the safety, efficiency andscientific or financial return of missions.
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Lerer Hippeau
VC Fund · New York, New York, United States · 5 investments in Canada Financial Services startups, 19 in the past 12 months

Lerer Hippeau is an early-stage venture capital fund based in New York City. As founders and operators ourselves, we see returns in relationships

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Investment focus

  • Industry: Software, E-Commerce, Internet
  • Stage:Seed, Series A, Series B
  • Geography: United States, Canada, United Kingdom

Investor stats

  • Total investments: 391
  • Round size: Seed $1M–$5.6M; Series A $2.5M–$12M; Series B $6M–$35M
  • Lead/follow: 16% lead, 84% follow
  • Last fund: Likely still investing — fund raised in 2022

Portfolio highlights

  • Birdstop — Fully automated aerial imaging on your field assets through AI powered drones.
  • Advocate — Advocate will help Americans engage with federal agencies through a scalable technology-enabled services platform to provide disabled Americans with a transparent, hassle-free way to receive the government benefits they deserve. We believe that the application process for these benefits should be easy and the financial support accessible to allqualified claimants
  • Teleskope — Teleskope is a modern data protection platform that automates data security, privacy, and compliance at scale.
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Meltem Demirors
Angel · New York, New York, United States · 5 investments in Canada Financial Services startups, 6 in the past 12 months

Meltem Demirors is Chief Strategy Officer of CoinShares, an investment firm that manages $750M in assets, and is a trusted partner to investors and entrepreneurs navigating the digital asset ecosystem. Meltem oversees the firm’s managed strategies group and its New York office, and leads corporate development as a board director. Previously, shewas part of the founding team of Digital Currency Group. She teaches at MIT and Oxford, and serves on the WEF Blockchain Council. Meltem leads CoinShares' venture strategy and is an active angel investor, having invested in over 150 companies in the digital currency ecosystem since 2015.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Financial Services
  • Stage:Seed, Series A, Pre-Seed
  • Geography: United States, Canada, France

Investor stats

  • Total investments: 55
  • Round size: Seed $1.4M–$12M; Pre-Seed $885k–$1.4M; Series A $1.7M–$6M
  • Lead/follow: 9% lead, 91% follow

Portfolio highlights

  • Swaap — We build the market-neutral AMM protocol.
  • Freatic — We bridge the gap between individuals with untapped knowledge and actors who can take advantage of these opportunities.
  • Ethos — Your home base for web3 on Sui. Easy to integrate in-dapp Sui wallet. Best way to onboard new crypto-curious users.
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Polychain
VC Fund · San Francisco, California, United States · 5 investments in Canada Financial Services startups, 30 in the past 12 months

The emergence of bitcoin and subsequent blockchain technologies has generated a new digital asset class in which scarcity is based on mathematical properties. Through cryptographic verification and game-theoretic equilibrium, blockchain-based digital assets can be created, issued, and transmitted using the software. Polychain Capital is committedto exceptional returns for investors through actively managed portfolios of these blockchain assets.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, FinTech
  • Stage:Seed, Series A
  • Geography: United States, Singapore, Switzerland

Investor stats

  • Total investments: 202
  • Round size: Seed $1.3M–$18M; Series A $6M–$26M
  • Lead/follow: 58% lead, 42% follow
  • Last fund: May invest from a new fund soon — last raise in 2019

Portfolio highlights

  • GoldLink — GoldLink is a decentralized, on-chain undercollateralized lending protocol utilizing a novel and modular lending architecture to offer borrowers powerful, sophisticated investment strategies beyond anything offered in the space today.
  • P0x Labs — P0x labs is the team behind Manta Network is a privacy-preserving technology operating on the Polkadot blockchain.
  • Connext — Bridge tokens and data across 11+ chains. Earn and build on the most secure interoperability network.
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Financial Services Investor funding in Canada at a glance

Stats across 517 deals from 720 investors.

720
investors
in Canada Financial Services startups
517
deals
in Canada Financial Services startups
$4M
median round
in Canada Financial Services startups
37%
lead investors
lead at least one round
26%
Seed
most common funding stage
83/17
VC / Angel
share of investor count

Access all 720 investors in Canada Financial Services startups.

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