# Top 50 Retail VC (Venture Capital) Funds in Canada in May 2026

## District Ventures Capital
- Type: VC Fund
- Location: Calgary, Alberta, Canada
- Relevant deals: 20
- Stages: Pre-Seed, Seed
- Focus: Food and Beverage, Manufacturing, Retail

Venture capital funding for Canadian entrepreneurs. District Ventures Capital is led by Arlene Dickinson and invests in innovative food & health sector companies.

## Hedgewood
- Type: VC Fund
- Location: Toronto, Ontario, Canada
- Relevant deals: 6
- Stages: Seed, Series A
- Focus: Health Care, Software, E-Commerce

Hedgewood is an investment firm active in venture capital, internet businesses, real estate, specialty finance, asset management, and private equity.

## White Star Capital
- Type: VC Fund
- Location: New York, New York, United States
- Relevant deals: 4
- Stages: Series A, Seed, Series B
- Focus: Financial Services, FinTech, Software

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

## MaRS Investment Accelerator Fund
- Type: VC Fund
- Location: Toronto, Ontario, Canada
- Relevant deals: 4
- Stages: Seed, Pre-Seed, Series A
- Focus: Software, Artificial Intelligence, SaaS

Working with Ontario talent to develop   World Class Companies    Learn More

## Panache Ventures
- Type: VC Fund
- Location: Montréal, Quebec, Canada
- Relevant deals: 3
- Stages: Seed, Pre-Seed, Series A
- Focus: Software, Information Technology, Artificial Intelligence

Canada's leading nationwide pre-seed venture fund.

## Otimo Retail
- Type: VC Fund
- Location: Montréal, Quebec, Canada
- Relevant deals: 3
- Stages: Seed, Series A
- Focus: Software, Retail Technology, Retail

We invest in retail focused technology companies.

## Bedrock c
- Type: VC Fund
- Location: New York, New York, United States
- Relevant deals: 3
- Stages: Series A, Seed, Series B
- Focus: Software, Information Technology, SaaS

Bedrock: In Search of Narrative Violations

## ff Venture Capital
- Type: VC Fund
- Location: New York, New York, United States
- Relevant deals: 3
- Stages: Seed, Series A
- Focus: Software, Information Technology, Artificial Intelligence

ff Venture Capital (ffVC) is a technology venture capital firm investing in some of the strongest growth areas to date, including cybersecurity, artificial intelligence, machine learning, drones, enterprise cloud software, and crowdfunding. The firm identifies and invests in technology and technology-enabled companies at its inception acrossgeographies and emerging industries. With three partners and an acceleration team of 20+ investment and operations professionals, ffVC actively participates with founders to develop products, target markets, and accelerate growth. Since 2008, ffVC has invested in over 100 companies and has helped to create companies with an aggregate market value exceeding $6 billion.

## Fondaction
- Type: VC Fund
- Location: Clarke City, Quebec, Canada
- Relevant deals: 3
- Stages: Private Equity, Debt Financing
- Focus: Manufacturing, Information Technology, Software

Since its creation in 1996, Fondaction has been based on the belief that it is not only possible to do things differently in the financial and business world, it is a necessity.Fondaction helps Québecers prepare for retirement by offering affordable retirement savings to everyone. The savings collected are invested in companies across Québec.This way, Fondaction helps create and maintain quality jobs, contributing to a stronger, more equitable and greener economy.Created in 1996, Fondaction is a labour-sponsored fund with assets in excess of one billion dollars collected as retirement savings from more than 131,000 shareholders. Fondaction's direct investments and those made through investment funds support the development of more than 1 050 SMEs in different lines of business, in large part involved in various components of the social economy.Fondaction has always been resolutely committed to socially responsible finance, from the moment it was created. The principles of sustainable development are integrated in everything it does. Whether investing in businesses directly or in capital markets, Fondaction always applies the principles of responsible investment to the money entrusted by its savers.Fondaction was one of the first institutions in Québec to make accountability reports an obligation in an effort to improve its practices and contribute to moving sustainable development forward in Québec. It produced its first report on sustainable development in 2006 in accordance with the international standards of the Global Reporting Initiative (GRI), the highest standards of precision and transparency in economic, social and environmental accountability.In 2010 and 2012, Fondaction remained at the forefront with its 3rd and 4th sustainable development reports, having them reviewed by an independent firm and achieving an application level of A+ from the GRI. Fondaction is the only financial institution in Québec to achieve this level.In 2014, Fondaction tabled its 5th sustainable development report, produced in accordance with the latest GRI guidelines, the G4. Fondaction also opted for Comprehensive compliance, becoming the 1st financial institution in North America and the 9th in the world to voluntarily adhere to these requirements.

## Wesley Clover
- Type: VC Fund
- Location: Ottawa, Ontario, Canada
- Relevant deals: 2
- Stages: Seed, Series A
- Focus: Software, SaaS, Information Technology

Terry Matthews is founder and Chairman of Wesley Clover. Since 1972, Terry has founded or funded more than 100 companies, including Mitel and Newbridge Networks. Today, Wesley Clover has interests around the world in next-generation companies focused on technologies and applications across many industries.

## Valor Siren Ventures
- Type: VC Fund
- Relevant deals: 2
- Stages: Series A, Seed
- Focus: E-Commerce, Software, Food and Beverage

Valor Siren Ventures is a joint venture created by Starbucks and Valor .

## Acton Capital
- Type: VC Fund
- Location: München, Bayern, Germany
- Relevant deals: 2
- Stages: Series A, Series B
- Focus: E-Commerce, Internet, Software

Since 1999, Acton Capital invests in tech-enabled business models to create value for the long run. We support world-class teams on their way to market leadership.

## HOF Capital
- Type: VC Fund
- Location: New York, New York, United States
- Relevant deals: 2
- Stages: Seed, Series A, Pre-Seed
- Focus: Software, FinTech, Financial Services

HOF Capital is a global technology investment firm that leverages its global limited partner network to help founders build massive businesses.

## Two Small Fish Ventures
- Type: VC Fund
- Location: Toronto, Ontario, Canada
- Relevant deals: 2
- Stages: Seed, Series A
- Focus: Software, E-Commerce, Artificial Intelligence

We are an early stage venture capital firm that invests globally in early-stage, transformative tech companies with strong network effects.

## Export Development Canada
- Type: VC Fund
- Location: Ottawa, Ontario, Canada
- Relevant deals: 2
- Stages: Series B, Series A
- Focus: Software, Renewable Energy, Manufacturing

Export Development Canada (EDC) is a Crown corporation dedicated to assisting Canadian businesses of all sizes in achieving global success. It provides them with the tools they need to grow their business with confidence, including trade knowledge, financial solutions, equity, insurance, and connections.

## Heron Rock Fund
- Type: VC Fund
- Location: Ottawa, Ontario, Canada
- Relevant deals: 2
- Stages: Seed, Series A
- Focus: Software, Health Care, SaaS

Tom Williams | Heron Rock. Angel investments.

## FundersClub
- Type: VC Fund
- Location: San Francisco, California, United States
- Relevant deals: 2
- Stages: Seed, Series A
- Focus: Software, SaaS, Information Technology

FundersClub focuses on Seed and early stage investments. Investments include Coinbase, Instacart, Flexport, Le Tote, Teespring, Memebox, GitLab.FundersClub is the world's first online venture capital platform. Backed by Y Combinator, First Round Capital, Spark Capital, Intel Capital, Draper, Andreessen Horowitz, Felicis Ventures, and more;FundersClub Inc. was founded in 2012 and is based in the United States.

## RFI
- Type: VC Fund
- Relevant deals: 2
- Stages: Seed, Convertible Note, Pre-Seed
- Focus: Software, Artificial Intelligence, SaaS

Pre-Seed and Seed StageVenture Investing We aim to lead the first institutional round for exceptional founders building highly scalable software platforms. We leverage our experience as founders and operators along with customer connections to accelerate the growth of our portfolio companies. Portfolio Exits Prioritize what you can control al February 3, 2022 Founders often ask

## ClearAngel
- Type: VC Fund
- Relevant deals: 2
- Stages: Angel, Seed, Pre-Seed
- Focus: E-Commerce, Fashion, Women's

Clearco is the fastest, most affordable way for founders to fund their business. Connect your sales and marketing accounts to get started.

## 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.

## ScaleUP Ventures
- Type: VC Fund
- Location: Toronto, Ontario, Canada
- Relevant deals: 2
- Stages: Series A, Seed, Series B
- Focus: Software, SaaS, Artificial Intelligence

ScaleUP Ventures is a venture capital firm that supports creative entrepreneurs and assists with investments. It is focused on early-stage venture capital with a preference for Business-to-Business opportunities.
The firm was founded in 2016 and is based in Toronto, Ontario.

## Plaza Ventures
- Type: VC Fund
- Location: Toronto, Ontario, Canada
- Relevant deals: 2
- Stages: Series A, Series B
- Focus: Software, E-Commerce, Analytics

Plaza Ventures’ micro-fund model was designed to efficiently pool capital from the firms high-net-worth investor community into annual investment vehicles targeting a basket of Series A and Series B investments. These micro-funds have built a proven track record, backing successful entrepreneurs through multiple funding rounds.Half of each PVFund is allocated to new companies with proven business models ($3M+ annual revenues) that are resistant to macro-economics and need capital to meet current demand. The remaining capital is re-invested into 4-5 successful businesses from prior funds.Plaza Ventures identifies as sector agnostic but has an affinity for, as well as expertise in enterprise SaaS, location-based services, IoT, Smart City, digital media, and marketplaces.

## True.
- Type: VC Fund
- Location: London, England, United Kingdom
- Relevant deals: 2
- Stages: Seed, Pre-Seed, Series A
- Focus: E-Commerce, Fashion, Retail

A unique model for investing, innovating & growing

## 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.

## Ontario Centres of Excellence
- Type: VC Fund
- Location: Toronto, Ontario, Canada
- Relevant deals: 2
- Stages: Seed, Grant, Pre-Seed
- Focus: Software, Information Technology, Health Care

The Ontario Centres of Excellence invests in projects and people to accelerate industry R&D to impact the Ontario economy through the commercialization of leading edge research.OCE invests in- Industry-Academic collaborative research- Commercialization of academic research through licensing and spin off companies- Early stage seedfinancing of start-ups- Skills development for high quality personnelThe Ontario Centres of Excellence is a not-for-profit corporation founded in 1987. Core funding is provided by the Ontario Ministry of Research and Innovation

## 37 Angels
- Type: VC Fund
- Location: New York, New York, United States
- Relevant deals: 2
- Stages: Seed, Angel, Pre-Seed
- Focus: Software, Health Care, E-Commerce

Community of women angel investors that offers angel investing training for investors

## Portage Ventures
- Type: VC Fund
- Location: Toronto, Ontario, Canada
- Relevant deals: 2
- Stages: Seed, Series A, Series B
- Focus: FinTech, Financial Services, Finance

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.

## SaskWorks Venture Fund
- Type: VC Fund
- Location: Regina, Saskatchewan, Canada
- Relevant deals: 2
- Stages: Seed, Post-IPO Equity
- Focus: Oil and Gas, Energy, Manufacturing

SaskWorks Venture Fund is a Saskatchewan-based retail mutual fund that invests in privately-held small and medium-sized businesses owned or primarily operated in Saskatchewan. As a labour-sponsored venture capital corporation (LSVCC), investments in SaskWorks are eligible to receive a tax credit equal to 35% in addition to their RRSP tax deferral.Since its inception, the Fund has provided a unique opportunity for Saskatchewan residents to keep their investment dollars at home, helping to grow local companies and creating jobs in their province.

## Framework Venture Partners
- Type: VC Fund
- Location: Vancouver, British Columbia, Canada
- Relevant deals: 2
- Stages: Series A, Series B
- Focus: Software, SaaS, E-Commerce

Framework is a top-performing venture fund that discovers, develops and scales the next generation of world-class technologies, through a unique founder-centric approach to active capital.

## Brightspark Ventures
- Type: VC Fund
- Location: Montréal, Quebec, Canada
- Relevant deals: 2
- Stages: Series A, Seed, Series B
- Focus: Software, Machine Learning, SaaS

Brightspark Ventures invests in early stage Canadian software companies.Brightspark has been investing in the Canadian VC industry since 1999. Over the last 20 years, the company has refined its focus to the point where it choose what it believes to be the best early-stage opportunities in the market. The company's goal is to findexceptional startups, and work closely with these companies as they grow to achieve stellar returns.We have structured our investments to allow individual accredited investors to invest with us. We have found that individual investors share the same goals as us when investing: they too want to invest in startups with CEOs that are focused on creating massive returns.This model also benefits our portfolio companies, who appreciate having a network of investors they don’t necessarily have to "manage". By leading the investment and actively working as the gatekeeper for the company, Brightspark ensures that the company can grow to its full potential without being distracted or becoming unfocused. This model attracts some of the best companies in Canada.

## BDC Venture Capital
- Type: VC Fund
- Location: Calgary, Alberta, Canada
- Relevant deals: 2
- 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.

## Sandpiper Ventures
- Type: VC Fund
- Location: Halifax, Nova Scotia, Canada
- Relevant deals: 2
- Stages: Seed, Series A, Pre-Seed
- Focus: Software, Wellness, Productivity Tools

We provide a platform where women investors and founders can radically disrupt the venture capital environment.

## Desjardins Venture Capital
- Type: VC Fund
- Location: Lévis, Quebec, Canada
- Relevant deals: 2
- 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.

## Sierra Ventures
- Type: VC Fund
- Location: San Mateo, California, United States
- Relevant deals: 2
- Stages: Series A, Series B, Seed
- Focus: Software, Information Technology, Enterprise Software

Sierra Ventures is an early-stage venture capital firm investing in the future of enterprise, healthcare, infrastructure, and more. 

## Impression Ventures
- Type: VC Fund
- Location: Toronto, Ontario, Canada
- Relevant deals: 2
- Stages: Seed, Series A, Series B
- Focus: Financial Services, FinTech, Software

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

## Origin Ventures
- Type: VC Fund
- Location: Chicago, Illinois, United States
- Relevant deals: 2
- Stages: Series A, Series B, Seed
- Focus: Software, Information Technology, Enterprise Software

Origin Ventures is an early-stage venture capital firm that invests in high-growth software, marketplace, and consumer businesses shaping the 'Digital Native Economy'. Founded in 1999, the firm has the unique distinction of having multiple funds in the top 5% on realized performance. Typical check size is $500K to $8M. Select exitsinclude Grubhub (NYSE: GRUB), BacklotCars, Tock, Ahalogy, and Teem.To learn more, visit www.originventures.com.

## Rho Canada Ventures
- Type: VC Fund
- Location: New York, New York, United States
- Relevant deals: 2
- Stages: Series A, Series B, Seed
- Focus: Software, Analytics, E-Commerce

Rho Canada Ventures is a division of Rho Capital Partners focusing on early-stage investing in Canada’s most innovative technology companies.The Rho Canada Ventures team comprises a unique combination of entrepreneurial, operational, and venture investment experience in the United States and Canada. With a combined 80 years of experience, RhoCanada Ventures offers entrepreneurs the expertise to turn Canadian innovators into global leaders. Rho Canada Ventures' portfolio companies are a diverse group of investments that span new media, mobile applications, wireless infrastructure, semiconductors and materials, and software.

## 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

## Mistral Venture Partners
- Type: VC Fund
- Location: Ottawa, Ontario, Canada
- Relevant deals: 2
- Stages: Seed, Series A, Series B
- Focus: Software, SaaS, Internet

Mistral Venture Partners is a seed-stage venture capital firm that invests in early-stage technology companies. The firm invests in startups that solve critical business problems, regardless of the business model– enterprise software, B2B SaaS, marketplaces, etc. It also partners with founders who value experience, commitment, and the higheststandards of integrity and respect.

## CRCM
- Type: VC Fund
- Location: San Francisco, California, United States
- Relevant deals: 1
- Stages: Seed, Series A
- Focus: Software, Health Care, Biotechnology

CRCM Ventures backs ambitious early-stage companies, setting the stage for emerging technologies. Since 2004, we have invested in over 200+ companies resulting in 5 IPOS and 18 exits. Our 2004 and 2012 vintage funds were ranked 4th and 1st respectively in Preqin Top Performing Early Stage VC Funds. Our portfolio companies include Youku (NYSE: YOKUacquired by Alibaba), Musical.ly, (acquired by Toutiao), This is L (acquired by Proctor Gamble), Orbeus (acquired by Amazon), E-house (NYSE: EJ), Allyes (acquired by Focus Media), Ripple Labs, Turning Point Therapeutics ( NASDAQ: TPTX ), etc.

## Context VC
- Type: VC Fund
- Relevant deals: 1
- Stages: Seed
- Focus: Retail, Jewelry

Context VC is a Venture Capital and Private Equity firm.

## First Ascent Ventures
- Type: VC Fund
- Location: Toronto, Ontario, Canada
- Relevant deals: 1
- Stages: Series A, Series B, Series C
- Focus: Software, Enterprise Software, SaaS

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

## Grep VC
- Type: VC Fund
- Relevant deals: 1
- Stages: Seed, Series A
- Focus: Robotics, Retail, Software

Grep VC invests in early-stage Robotics as a Service (RaaS) companies building robots that perform narrow skills applied to giant markets.

## Listen
- Type: VC Fund
- Location: Chicago, Illinois, United States
- Relevant deals: 1
- Stages: Seed, Series A
- Focus: E-Commerce, Consumer Goods, Wellness

Listen is a consumer-focused venture capital firm that backs and builds the brands of tomorrow.

## Frog Capital
- Type: VC Fund
- Location: London, England, United Kingdom
- Relevant deals: 1
- Stages: Series B, Series C
- Focus: Software, E-Commerce, Analytics

Frog focuses on the growing opportunity emerging between venture capital and private equity. Over the past 15 years there has been a huge influx of startup businesses taking advantage of the digital revolution.

## Springdale Ventures
- Type: VC Fund
- Location: Austin, Texas, United States
- Relevant deals: 1
- Stages: Seed, Series A, Series B
- Focus: E-Commerce, Food and Beverage, Consumer Goods

Springdale Ventures is a venture capital firm focused on consumer packaged goods. It partners with resolute founders, who are pursuing their passions, and helping them create meaningful, sustainable brands.

## West Coast Capital
- Type: VC Fund
- Location: Dundonald, Castlereagh, United Kingdom
- Relevant deals: 1
- Stages: Series B, Seed, Series A
- Focus: Advertising, E-Commerce, Retail

West Coast Capital is a Private Equity Partnership that backs strong management teams in the retail, brands and property arenas. They are to take significant equity positions in order to accelerate growth by funding both expansion and consolidation in these principal markets.

## WPMC
- Type: VC Fund
- Location: New York, New York, United States
- Relevant deals: 1
- Stages: Seed, Pre-Seed
- Focus: SaaS, Retail, Jewelry

Empowering proven West Point leaders to create value through software companies. We've created a platform of resources that help early stage software companies excel. While a first check is one of those resources, we've found that our biggest value-add is being in the trenches with our companies.

## Second Avenue Partners
- Type: VC Fund
- Location: Seattle, Washington, United States
- Relevant deals: 1
- Stages: Series A, Series B, Series C
- Focus: E-Commerce, Software, SaaS

Second Avenue Partners provide management, strategy and capital for early stage companies. The following companies are in their portfolio...
-Rubicon Interactive
-Sports Technologies Inc.
-Ice Energy
-Newsvine
-Azaleos
-You Software
-Revenue Science
-Insitu Group
-Bocada
-HouseValues.com
-WaveMarket
-Terabeam
-Essention

## Jump Capital
- Type: VC Fund
- Location: Chicago, Illinois, United States
- Relevant deals: 1
- Stages: Seed, Series A, Series B
- Focus: Blockchain, Software, Financial Services

Jump Capital is a thesis-led venture investor specializing in scalable software opportunities in fintech, crypto, IT and data infrastructure, the future of commerce, digital media, and vertical SaaS solutions. In addition to capital, Jump provides advocacy and support for entrepreneurs, complemented with institutional-level resources.

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