# Top 40 InsurTech Startup Investors in Canada in May 2026 ## Luge Capital - Type: VC Fund - Location: Montréal, Quebec, Canada - Relevant deals: 5 - Stages: Seed, Series A, Series B - Focus: FinTech, Financial Services, Finance Luge Capital is a fintech focused venture capital fund, investing in early-stage teams shaping the way the world experiences financial services. We are an experienced team with value added investors and a deep industry network to help founders build successful companies. ## Impression Ventures - Type: VC Fund - Location: Toronto, Ontario, Canada - Relevant deals: 4 - Stages: Seed, Series A, Series B - Focus: Financial Services, FinTech, Software VC firm focused on investing in FinTech and related technology companies. ## MaRS Investment Accelerator Fund - Type: VC Fund - Location: Toronto, Ontario, Canada - Relevant deals: 3 - Stages: Seed, Pre-Seed, Series A - Focus: Software, Artificial Intelligence, SaaS Working with Ontario talent to develop World Class Companies Learn More ## GreenSky Ventures - Type: VC Fund - Location: Toronto, Ontario, Canada - Relevant deals: 2 - Stages: Seed, Series A - Focus: Software, Information Technology, Health Care 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. ## Real Ventures - Type: VC Fund - Location: Montréal, Quebec, Canada - Relevant deals: 2 - 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 ## Diagram Ventures - Type: VC Fund - Location: Montréal, Quebec, Canada - Relevant deals: 2 - Stages: Seed, Series A, Series B - Focus: Financial Services, FinTech, Software 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 ## Inovia Capital - Type: VC Fund - Location: Montréal, Quebec, Canada - Relevant deals: 2 - 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. ## CIBC Innovation Banking - Type: VC Fund - Location: Toronto, Ontario, Canada - Relevant deals: 2 - Stages: Debt Financing, Private Equity - Focus: Software, SaaS, Information Technology CIBC Innovation Banking is a trusted financial partner to entrepreneurs and investors. Backed by the strength of CIBC, Innovation Banking can provide financial capital, rich network of connections, and insightful service that give our clients an edge in the innovation economy. ## Builders VC - Type: VC Fund - Location: San Francisco, California, United States - Relevant deals: 1 - Stages: Seed, Series A, Series B - Focus: Software, SaaS, Biotechnology Builders VC is an early-stage venture capital firm focused on investing where technology meets new business models to modernize antiquated industries including healthcare, agriculture, industrials and real-estate. ## Leaders Fund - Type: VC Fund - Location: Toronto, Ontario, Canada - Relevant deals: 1 - Stages: Series B, Seed, Series A - Focus: Software, SaaS, Internet Leaders Fund is a B2B software focused venture capital firm built by operators for operators. We partner with entrepreneurs to help them break through key inflection points on the path to $100M+ in ARR. Based in Toronto and Atlanta. ## Innovation Grade Capital - Type: VC Fund - Relevant deals: 1 - Stages: Seed, Series A - Focus: Software, News, Mobile Innovation Grade Capital is a provider of active guidance in key functional areas such as marketing, operations, business development. ## American Family Insurance - Type: VC Fund - Location: Madison, Wisconsin, United States - Relevant deals: 1 - Stages: Seed, Series A, Series D - Focus: Software, InsurTech, Smart Home American Family Insurance has built its reputation on sound principles. We strive to provide you industry-leading service, exceptional claims experience and products that build long-term relationships. This is accomplished by treating policyholders fairly in a helpful and caring way and making it easy and convenient to work with us. We know ourcustomers like family. American Family Insurance thrives by conducting its business in accordance with the highest ethical standards and the law at all times. Integrity is part of our culture and always has been. The reputation we enjoy and trust-based relationships we have built with our customers are determined by the example set by management and the character and good judgment exercised at all levels of our organization. It’s a way of doing business that our customers have come to expect from us and a standard that we continue to live up to. ## Steve Chen - Type: Angel - Location: San Francisco, California, United States - Relevant deals: 1 - Stages: Seed, Series A, Series B - Focus: Software, E-Commerce, Machine Learning Steve Chen was an internet entrepreneur and the co-founder and previous Chief Technology Officer of YouTube. Born in August 1978 in Taiwan. Raised in Taiwan, Chen and his family immigrated to the United States when he was 15.After graduating from the University of Illinois at Urbana-Champaign, Chen worked at PayPal, where he met Chad Hurley andJawed Karim. In 2005, the three founded YouTube, a website designed to simplify video sharing online.Chen was named one of the "The 50 people who matter now" by Business 2.0 magazine in 2006. That year, he and Hurley sold YouTube to Google, Inc. for $1.65 billion in stock.Chen most recently co-founded AVOS Systems with YouTube co-founder Chad Hurley. ## Canada Economic Development - Type: VC Fund - Location: Montréal, Quebec, Canada - Relevant deals: 1 - Focus: Software, Data and Analytics, Financial Services Canada Economic Development assists businesses, communities, and the organizations that support them through its network of business offices located throughout the province. ## FUSE - Type: VC Fund - Location: Seattle, Washington, United States - Relevant deals: 1 - Stages: Seed, Series A, Series B - Focus: Software, Information Technology, Artificial Intelligence FUSE exists to help founders do more, be more, succeed...more. ## N49P - Type: VC Fund - Location: Toronto, Ontario, Canada - Relevant deals: 1 - Stages: Seed, Pre-Seed, Series A - Focus: Software, Financial Services, Machine Learning N49P is a venture capital firm focused on ideas to seed-stage Canadian technology startups. ## Michael McDerment - Type: Angel - Location: Toronto, Ontario, Canada - Relevant deals: 1 - Stages: Seed - Focus: CRM, SaaS, Software Mike McDerment is the co-founder and CEO of FreshBooks, planet earth’s #1 cloud accounting solution designed for small business owners. In 2003, Mike built FreshBooks for his design firm, scratched his own itch, then moved into his parent’s basement for 3.5 years to get FreshBooks off the ground. Since then over 5,000,000 people have usedFreshBooks to save time billing and collect billions of dollars. Mike and his team dedicate themselves to executing extraordinary experiences everyday for small business owners who want to focus on the work they love, instead of on their paperwork. ## Louis Beryl - Type: Angel - Location: San Francisco, California, United States - Relevant deals: 1 - Stages: Seed, Series A - Focus: Software, FinTech, Financial Services 3X Founder of Earnest, SolidEnergy, and now working on the next one. Formerly a16z and YC. Active angel investor and board member. ## NFP Ventures - Type: VC Fund - Location: New York, New York, United States - Relevant deals: 1 - Stages: Series A, Seed, Series B - Focus: Insurance, Health Care, InsurTech NFP Ventures' mission is to find, fund and work successfully with visionary entrepreneurs, applying NFP’s expertise to facilitate long-term success. Typically, the firm targets companies seeking Seed to Series B investments that can benefit from NFP's distribution, human capital and other unique assets to accelerate their growth. ## BDC Venture Capital - Type: VC Fund - Location: Calgary, Alberta, Canada - Relevant deals: 1 - 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. ## Graphite Ventures - Type: VC Fund - Relevant deals: 1 - Stages: Seed, Series A - Focus: Software, Machine Learning, Artificial Intelligence Graphite Ventures is an investment firm. ## Ames Seed Capital - Type: VC Fund - Location: Ames, Iowa, United States - Relevant deals: 1 - Stages: Seed, Series B, Series C - Focus: Software, Health Care, B2B Ames Seed Capital is a pool of private investors. ## Desjardins Venture Capital - Type: VC Fund - Location: Lévis, Quebec, Canada - Relevant deals: 1 - 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. ## National Bank of Canada - Type: VC Fund - Location: Calgary, Alberta, Canada - Relevant deals: 1 - Stages: Debt Financing, Post-IPO Debt, Series B - Focus: Software, Financial Services, FinTech 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. ## Ferst Capital Partners - FCP - Type: VC Fund - Location: Montréal, Quebec, Canada - Relevant deals: 1 - Stages: Seed, Series A - Focus: Software, Financial Services, FinTech 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. ## Drive Capital - Type: VC Fund - Location: Columbus, Ohio, United States - Relevant deals: 1 - Stages: Series A, Series B, Series C - Focus: Software, Artificial Intelligence, Machine Learning Drive Capital is a venture capital firm in Columbus that invests in world-class founders building the next generation of market-defining companies. ## WI Harper Group - Type: VC Fund - Location: San Francisco, California, United States - Relevant deals: 1 - Stages: Series A, Seed, Series B - Focus: Software, Health Care, Biotechnology WI Harper Group is a venture capital firm that focuses on early and early expansion investments in Mainland China, Taiwan and Silicon Valley.It was founded in 1993. Made 300+ investments with 80+ exits. Manages 9 funds and over $1B in capital through 19 dedicated investment professionals located in Beijing, Taipei and San Francisco.Thefirm's focus is technology, clean technology and healthcare. Its track record includes ## Mohsen Moazami - Type: Angel - Location: San Francisco, California, United States - Relevant deals: 1 - Stages: Seed, Series A, Series B - Focus: Analytics, Software, Big Data Mohsen Moazami is the Founder and Managing Partner at Seif Capital. He attended Stanford University. ## Cameron Ventures - Type: VC Fund - Relevant deals: 1 - Stages: Series A, Seed, Pre-Seed - Focus: Software, FinTech, Financial Services A seed and early-stage venture capital fund that is focused on InsurTech, FinTech and Enterprise Applications ## Jameson Hsu - Type: Angel - Location: Taipei, T'ai-pei, Taiwan - Relevant deals: 1 - Stages: Seed, Angel, Convertible Note - Focus: Big Data, Analytics, Mobile Jameson is a three time entrepreneur and avid world traveler. Most recently Mr. Hsu was CEO and co-founder of Pieceable Software, a company that enabled iOS app virtualization in the cloud so that any app could be consumed in a web browser. Pieceable was acquired by Facebook in 2012.Prior to that Mr. Hsu was CEO and co-founder of Mochi Media,an ad network and distribution platform for Flash games that reached over 180M monthly uniques. In 2010 Mochi Media was acquired by Shanda Games. Jameson’s first company was a design and advertising agency in New York called WDDG. The company started with advertising and eventually forayed into game development and publishing as Fun Tank (which was later acquired by Publishers Clearing House in 2011). ## Toronto Innovation Acceleration Partners - Type: VC Fund - Location: Toronto, Ontario, Canada - Relevant deals: 1 - Stages: Pre-Seed, Seed - Focus: Health Care, Biotechnology, Software MaRS Innovation (MI) is a commercialization engine that integrates, centralizes and accelerates time to market of the discovery and intellectual property assets from its 15 world-class research institutions. MI’s discovery and innovation pipeline is derived from $1 billion in annual R&D funding. Created as a not-for-profit organizationthrough the Government of Canada’s Center of Excellence for Commercialization and Research program (CECR), MI has raised $50 million from federal and provincial governments, member institutions and industry partners. MI’s vision is to transform the Toronto-based research enterprise into one of world’s most successful commercialization clusters.Through detailed, market facing due diligence, MI identifies opportunities from Canada’s largest academic cluster for further development and commercialization through project management, intellectual property management, investment and technology development. By crossing the innovation gap, MI transforms these opportunities into successful high-value licensing transactions and financeable start-up companies. ## Loyal VC - Type: VC Fund - Location: Toronto, Ontario, Canada - Relevant deals: 1 - Stages: Pre-Seed, Seed - Focus: Software, Artificial Intelligence, E-Commerce Loyal runs a global venture fund with quarterly redemptions and a proprietary gate-stage process, reducing investment bias and unlocking greater returns. Partnered with INSEAD, Founder Institute, and 500+ advisors, we are Loyal to the world with 250+ investments in 50+ countries. ## Sid Sankaran - Type: Angel - Location: New York, New York, United States - Relevant deals: 1 - Stages: Seed - Focus: InsurTech, Insurance In October 2010, Sid Sankaran joined AIG as Executive Vice President, Chief Risk Officer. Prior to joining the company, Sid was a partner in the Finance and Risk practice at Oliver Wyman Financial Services. He headed the firm’s Toronto office and served as Canadian Market Manager since 2006.Sid has spent his career working with financialservices companies, including a number of insurers, on risk management issues. He has also conducted strategy and risk-focused studies across a range of financial institutions, including insurers, banks, securities firms and specialty finance companies in North America and Europe.Earlier in his career, Sid worked at Mercer Risk, Finance & Insurance Consulting and MMC Enterprise Risk, focusing on insurance company valuation and mergers and acquisitions.Sid holds a Bachelor of Mathematics degree (majoring in actuarial science) and graduated with distinction from the University of Waterloo in Ontario, Canada. He completed actuarial examinations from the Society of Actuaries. ## Propulia Capital - Type: VC Fund - Location: Montréal, Quebec, Canada - Relevant deals: 1 - Stages: Series A - Focus: Medical, Software, Information Technology Propulia Capital is a venture capital firm that prefers to invest in seed, early and later-stage companies. ## Alon Neches - Type: Angel - Relevant deals: 1 - Stages: Seed - Focus: InsurTech, Insurance Alon Neches ## Caisse des Dépôts et Consignations - Type: VC Fund - Location: Tunis, Tunis, Tunisia - Relevant deals: 1 - Stages: Series B - Focus: Retail, E-Commerce Caisse des Dépôts et Consignations is an investment bank that invests in energy, environment, and sustainable development sectors. ## Sharon Ludlow - Type: Angel - Relevant deals: 1 - Stages: Seed - Focus: InsurTech, Insurance Sharon Ludlow ## Interaction Ventures - Type: VC Fund - Location: Montréal, Quebec, Canada - Relevant deals: 1 - Stages: Seed - Focus: SaaS, FinTech, Internet Interaction Ventures provides Entrepreneur-led angel fund. ## Mike McDerment - Type: Angel - Relevant deals: 1 - Stages: Seed - Focus: Computer, Software, InsurTech Mike McDerment ## Joseph Fung - Type: Angel - Location: Waterloo, Ontario, Canada - Relevant deals: 1 - Stages: Seed, Angel, Pre-Seed - Focus: Software, Information Technology, B2B Joseph Fung is the CEO and Co-founder of Uvaro. # About Shizune Shizune.co is an investor database. Core features: - 48,091 startup investors (angels, VCs, accelerators, and others) - Email, phone, LinkedIn (for intros), socials, and other contact data - Updated daily from public funding news - CSV and Excel export The User can access the full database FOR FREE after signing up: shizune.co