Top 35 InsurTech VC (Venture Capital) Funds in Canada in October 2023

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

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.

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.

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.

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.

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.

Portfolio highlights

• HealthJoy — HealthJoy simplifies the healthcare experience through a platform that connects employees to the care they need to make staying healthy easy.
• TransMedics — TransMedics is a medical device company that addresses the unmet need for better, more effective organ transplant technologies. The company has developed the first commercial, portable warm blood perfusion system that allows for a new type of organ transplant, called a living organ transplant. This technology, called an Organ Care System, or OCS,is designed to maintain organs in a warm, functioning state outside of the body during transport from organ donor to recipient. The OCS could potentially increase organ availability and improve outcomes for the growing population of patients with end-stage organ failure in need of a transplant, bridging the widening gap between the number of organs available and the number of recipients awaiting transplants.TransMedics was founded in 1998 and is headquartered in Andover, Massachusetts,
• ProNavigator — ProNavigator provides an AI-driven knowledge-sharing platform, used by some of the largest insurance organizations, to save time, provide superior service, and seize revenue opportunities. The platform leverages advancements in artificial intelligence and natural language understanding to instantly and automatically retrieve answers tocustomers' and employees' questions.

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.

Portfolio highlights

• PhenoTips — Imagine an Electronic Health Record designed for Genetics.
• Damona Pharmaceuticals — Damona Pharmaceuticals is a pre-clinical pharmaceutical company treats and prevents cognitive deficits in a variety of brain disorders and during aging.
• Radiant Biotherapeutics — Radiant Biotherapeutics: Transformative, multi-valent, multi-specific antibody platform: Multabody

Portfolio highlights

• Percent — Unlock private credit investments with Percent. Access alternative investments on the platform powering the future of private markets.
• Micro Connect — Micro Connect provides market infrastructure, fintech, and platform development.
• MasterExchange — Trading platform for music rights leveraging emerging technology to create friction free and compliant investment opportunities to everyone.

Portfolio highlights

• Certificial — Get real-time certificate of insurance issuance + compliance management in one simple platform. Get a demo today!
• YellowBird — YellowBird connects the best experts in Environmental Health and Safety with business and government entities, on-demand.
• Method Financial — Method makes it easy for developers to embed debt repayment on their apps.

Portfolio highlights

• Arseno — Arseno specializes in producing practical customised apparel.
• LIBERTY SPRING — Founded in 1986, Liberty Springs designs and assembles complex, high value-added precision springs for the automotive industry and for the recreational and off-road vehicle sector. Canada’s leading manufacturer, the Montmagny-based company has more than 700 employees at five different production sites, including more than 450 employees in Québec.Over two-thirds of production is exported.
• The Unscented Company — The Unscented Company develops and markets a range of unscented body care products.

Portfolio highlights

• Zero Grocery — Zero Grocery provides a convenient zero-waste grocery delivery service. Zero Grocery's mission is to remove single-use plastics from the food system so customers will receive groceries in reusable containers.
• Tally — Get help with your credit card debt payoff today. Use our secure app that makes it easy to save money, manage credit cards & knock out credit card debt faster!
• Slingshot Aerospace — Slingshot Aerospace applies advanced analytics, machine learning, and collaborative tools to data from earth and space, providing clarity in complex environments.

Portfolio highlights

• Qwak — Build, deploy, maintain, and monitor ML models and features in a single platform.
• CereTax — CereTax automates sales tax for complex industries and enterprise level challenges. New technology enables hyper-scaling, limitless flexibility, and granular visibility into actionable analytics all while reducing or eliminating the demands of your IT team.
• Upwind Security — Upwind Security creates and develops software and online tools that ensures security of cloud infrastructure. It manages runtime environments of the cloud platform.

Portfolio highlights

• Ring — Ring is an outdoor home security company that provides homeowners a line of preventative outdoor security doorbells and cameras. It is on a mission to reduce crime in neighborhoods and empower consumers by creating a Ring of Security around homes and communities with its suite of smart home security products: Ring Video Doorbell, Ring VideoDoorbell Pro, Ring Stick Up Cam, and the new Ring Floodlight Cam. With these security devices, Ring has created the neighborhood watch for the digital age and continues to prevent burglaries and keep homes around the world safe.The company was established in 2012 and is based in Santa Monica, California.
• Networked Insights — Situs prediksi toto terpercaya yang aman dan mudah menang sangatlah penting untuk diketahui apabila ingin bermain. Oleh karena itu disini disediakan prediksi toto Hk, toto SGP, dan toto Sdy. Yang memiliki akurasi sebesar 95%.
• Relay Platform — Relay Platform is the best Wholesale Insurance Companies NY USA & Canada. Protect your business against cyber threats with our Cyber Insurance Solutions.

Portfolio highlights

• Google — Google is a multinational technology company focusing on search engine technology, online advertising, cloud computing, computer software, quantum computing, e-commerce, artificial intelligence, and consumer electronics. Their products address a wide range of use cases, including email, navigation, cloud computing, web browsing, video sharing,productivity, operating systems, cloud storage, language translation, photo storage, video calling, smart home, smartphones, wearable technology, music streaming, and more.
• Solvvy — Resolve customer issues quickly, accurately, and at scale with Zoom Virtual Agent; the AI chatbot designed to boost contact center efficiency and save money.
• WealthEngine — WealthEngine offers wealth screening and search, customer segmentation and modeling, donor analysis. Prospecting software integrates with Salesforce, Ellucian.

Portfolio highlights

• Axio — Axio focuses on key areas of your enterprise that represent the highest risk so you can budget wisely, improve cyber resilience, and demonstrate duty of care.
• CoverTree — Finally, a better kind of manufactured home insurance. Buy online and save up to 40% in less than 3 minutes. Powered by Three steps. Three minutes.
• Vivante Health — We're Vivante Health, offering digital all-in-one digestive care solutions delivered by your employer or health plan.

Portfolio highlights

• KeyOps — A revolutionary physician engagement platform that allows doctors to quickly share their expert opinions with healthcare stakeholders such as government institutions, hospitals, universities, and life science companies.
• Maxa AI — Maxa AI provides automated machine intelligence technology solutions.
• ProNavigator — ProNavigator provides an AI-driven knowledge-sharing platform, used by some of the largest insurance organizations, to save time, provide superior service, and seize revenue opportunities. The platform leverages advancements in artificial intelligence and natural language understanding to instantly and automatically retrieve answers tocustomers' and employees' questions.

Portfolio highlights

• Niricson — Niricson Software has developed a proprietary damage assessment software platform paired with a patent-pending drone-based data collection technology that helps infrastructure owners inspect their structures (e.g. hydro dams) in a way that is more accurate, five times faster, and 50% more cost-effective. Niricson is differentiated by its ability toautomatically detect and quantify not only surface damage, but also subsurface damage.
• Koios Intelligence — MISSIONKoïos Intelligence is on a mission to Improve the insurance value chain using conversational AI.Our platform Olivo is built for insurance customers with the goal of eliminating waiting time, reducing operational costs and offering an unprecedented customer experience. Based on Natural Language Processing and state-of-the-art ArtificialIntelligence, Olivo is made to answer new customer needs and expectations in today’s digital world.
• Vive Crop Protection — Vive makes effective and sustainable pesticides for organic and non-organic production. The company was founded in 2006 and is headquartered in Mississauga, Ontario, Canada.

Portfolio highlights

• Spareka — Spareka is specialist in the online sale of spare parts for the home. Spareka is a site in the sale of spare parts but the site is not limited of course, to the sale of these parts but it also contributes to the replacement of the part and helps with repair.
• Koios Intelligence — MISSIONKoïos Intelligence is on a mission to Improve the insurance value chain using conversational AI.Our platform Olivo is built for insurance customers with the goal of eliminating waiting time, reducing operational costs and offering an unprecedented customer experience. Based on Natural Language Processing and state-of-the-art ArtificialIntelligence, Olivo is made to answer new customer needs and expectations in today’s digital world.

Portfolio highlights

• Vectr — Vectr is a drawing tool that lets you create vector images – graphics that are scalable without the loss of resolution – easily and intuitively. Instead of using pixels, vector graphics use mathematical equations to draw out your creations. Vectr performs the math behind-the-scenes, so the only thing they need to focus on is what they'recreating. With its easy-to-use interface, anyone can use Vectr to become an illustrator or graphic designer we’ll show them how in no time.Vectr was founded in 2014 and is based in San Francisco, California, United States.
• Breathe Life — Zinnia seeks to deliver exceptional insurance experiences by transforming the life and annuity insurance experience from end-to-end.
• Thirdshelf — Customer loyalty program for your Lightspeed, Vend or Heartland Retail point of sale. Pay as you grow. No contract required. Start For Free

Portfolio highlights

• SafeRide Health — SafeRide Health provides technology-forward non-emergency medical transportation (NEMT) services for care providers and health plans offering Medicare Advantage and Medicaid. We intelligently improve and simplify NEMT to improve health outcomes and healthcare satisfaction.
• Rainforest — Rainforest focuses on providing software platforms for payment processing. Rainforest is headquartered in Atlanta, United States.
• Olema Oncology — At Olema Oncology, we leverage our deep understanding of endocrine-driven cancers, nuclear receptors and mechanisms of acquired resistance with the goal of transforming the standard of care for women living with cancer by focusing on developing more convenient and effective therapies. Join us as we aim to design therapies for improving lives.

Portfolio highlights

• RepRally — RepRally bridges the gap between emerging brands and local retailers.
• Openly — Openly provides exceptional insurance by delivering truly comprehensive coverage through independent agents without surprise or concern. We do this because we exist to make insurance remarkably simple.
• 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.

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.

Portfolio highlights

• Bridgit — Optimize your construction workforce planning with Bridgit Bench. Enjoy real-time updates, next-generation forecasting, and seamless integrations.
• ProNavigator — ProNavigator provides an AI-driven knowledge-sharing platform, used by some of the largest insurance organizations, to save time, provide superior service, and seize revenue opportunities. The platform leverages advancements in artificial intelligence and natural language understanding to instantly and automatically retrieve answers tocustomers' and employees' questions.
• Fable — Accessibility platform powered by people with disabilities and expert-level accessibility services and training. Learn more about Fable.

Portfolio highlights

• automed — Create custom protocols with your veterinarian, remotely update the automed devices and control which protocols your users can use. Put trust back into your operation. A system specifically designed to reduce costs, improve efficiency and tamperproof compliance for your operation.
• VetMeasure — MeasureON! is the first non-invasive canine health and vitals monitoring device designed to help veterinarians monitor recovering patients.
• Pitchly — Freakishly fast & perfectly consistent document solutions because we're different than everyone else. Click, if you want to learn more.

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.

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%.

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.

Portfolio highlights

• Kiro — Kiro is an IT company that offers artificial intelligence, ergonomic design, and software development solutions for medical biology.
• Koios Intelligence — MISSIONKoïos Intelligence is on a mission to Improve the insurance value chain using conversational AI.Our platform Olivo is built for insurance customers with the goal of eliminating waiting time, reducing operational costs and offering an unprecedented customer experience. Based on Natural Language Processing and state-of-the-art ArtificialIntelligence, Olivo is made to answer new customer needs and expectations in today’s digital world.

Portfolio highlights

• Nursa — Find PRN jobs or hire RNs, LPNs, & CNAs in real-time with Nursa. Clinicians & facilities connect on our mobile marketplace.
• Onboard AI — Tabnam is an AI-powered product research tool that scrapes the internet for customer experience data about a product to help shoppers make more informed decisions.
• Sparx — Sparx is a comprehensive cost-containment platform for all companies, startups to enterprises.

Portfolio highlights

• reef.ai — Reef is a customer revenue platform that helps companies predictably grow revenue with existing customers and fast-tracks net retention reporting.
• Mercator AI — Our mission is to give business developers more time to do what they do best, and support them with the insights they need to have informed and productive conversations. We mine and analyze millions of construction data points across the project lifecycle so that our customers can confidently find and qualify projects and partners faster.Mercator is used by Architecture, Engineering, Construction, Real Estate, and Manufacturing companies to inform strategic and tactical decision making.Mercator AI is a privately held company that has recently closed a pre-seed round.
• Peregrine Hydrogen — We are a climate tech company pioneering dual production methods for green hydrogen and other valuable chemicals. Our process is zero-carbon and cost-effective.

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

Portfolio highlights

• Quandri — Quandri is a digital worker for insurance brokers & agencies.
• GoodShip — How shippers and carriers digitally procure, measure, and optimize contract business more easily and accurately than ever before.
• PortX — Modern payment networks enable instant, 24/7 electronic fund transfers that can be initiated through a variety of channels and include all types of financial service providers.

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.