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

| Investor | Relevant Deals | Geography | Stage | Focus |
| --- | --- | --- | --- | --- |
| Cycle Capital | 19 | Canada, United States, Germany | Series B, Seed | Manufacturing, Energy, Electronics |
| Sustainable Development Technology Canada | 14 | Canada, United States, Brazil | Grant, Seed | Energy, Manufacturing, Software |
| SaskWorks Venture Fund | 12 | Canada, United States | Seed, Post-IPO Equity | Oil and Gas, Energy, Manufacturing |
| Export Development Canada | 12 | Canada, United States, India | Series B, Series A | Software, Renewable Energy, Manufacturing |
| Innovacorp | 11 | Canada, Australia, United States | Seed, Grant | Software, Information Technology, Health Care |
| WUTIF | 11 | Canada | Seed, Pre-Seed, Series A | Health Care, Software, Biotechnology |
| Active Impact Investments | 10 | Canada, United States | Seed, Series A, Pre-Seed | Software, SaaS, CleanTech |
| BDC Venture Capital | 10 | Canada, United States, Japan | Series A, Seed | Software, Information Technology, Internet |
| Business Development Bank of Canada | 9 | Canada, United States, Argentina | Series A, Seed | Software, Information Technology, Manufacturing |
| Atlantic Canada Opportunities Agency | 8 | Canada, United States | Debt Financing, Grant, Seed | Software, Health Care, Information Technology |
| New Brunswick Innovation Foundation | 7 | Canada, United States | Seed, Grant | Software, Information Technology, Analytics |
| BDC Capital Cleantech Practice | 7 | Canada | Series A, Series B | Manufacturing, CleanTech, Oil and Gas |
| Chrysalix Venture Capital | 7 | United States, Canada, The Netherlands | Series B, Series A | Energy, Manufacturing, CleanTech |
| Investeco Capital | 7 | Canada, United States | Seed, Series B | Food and Beverage, Organic Food, Manufacturing |
| VA Angels | 7 | Canada, United States, India | Seed, Debt Financing | Health Care, Software, Information Technology |
| Anges Quebec | 6 | Canada, Spain, United States | Seed, Angel | Health Care, Software, Artificial Intelligence |
| SVG Ventures | 6 | United States, Canada, Ireland | Pre-Seed, Seed | AgTech, Agriculture, Farming |
| GreenSky Ventures | 6 | Canada, United States, United Kingdom | Seed, Series A | Software, Information Technology, Health Care |
| ArcTern Ventures | 6 | Canada, United States, United Kingdom | Series A, Series B | Energy, Software, Renewable Energy |
| Fondaction | 6 | Canada, United States, France | Private Equity, Debt Financing | Manufacturing, Information Technology, Software |
| MaRS Investment Accelerator Fund | 5 | Canada, United States | Seed, Pre-Seed, Series A | Software, Artificial Intelligence, SaaS |
| Ontario Centres of Excellence | 5 | Canada, United States | Seed, Grant, Pre-Seed | Software, Information Technology, Health Care |
| Natural Gas Innovation Fund | 5 | Canada | Series A, Grant | Renewable Energy, Energy, Advanced Materials |
| Yaletown Partners | 4 | Canada, United States, Belgium | Series A, Series B | Software, Enterprise Software, Information Technology |
| Real Ventures | 4 | Canada, United States | Seed, Series A, Series B | Software, Artificial Intelligence, Machine Learning |
| Fonds de solidarité FTQ | 4 | Canada, United States, Israel | Series A, Series B | Manufacturing, Biotechnology, Software |
| GrowthWorks Capital | 4 | Canada, United States, Japan | Series B, Series A | Software, Biotechnology, Health Care |
| Version One Ventures | 4 | United States, Canada, United Kingdom | Seed, Series A, Series B | Software, Internet, Blockchain |
| VantagePoint Capital Partners | 4 | United States, Canada, Sweden | Series B, Series C | Software, Manufacturing, Internet |
| Golden Ventures | 4 | Canada, United States, Japan | Seed, Series A, Series B | Software, Artificial Intelligence, Information Technology |
| Energy Foundry | 4 | United States, Canada | Seed, Series A | Energy, Software, Internet of Things |
| EnerTech Capital | 4 | United States, Canada, Israel | Series B, Series C | Energy, Software, Manufacturing |
| NBIF’s Venture Capital Fund | 4 | Canada, United States | Seed, Pre-Seed | Software, Information Technology, Machine Learning |
| Natural Resources Canada | 4 | Canada, Norway, United States | Grant, Series A | Energy, Renewable Energy, Oil and Gas |
| LVL1 Group | 3 | Canada, United States, United Kingdom | Seed, Series A, Series B | Software, Health Care, Apps |
| XPV Water Partners | 3 | United States, Canada, United Kingdom | Series A, Series C | Water, Renewable Energy, Software |
| Shell Ventures | 3 | United States, United Kingdom, Norway | Series A, Series B | Energy, Renewable Energy, Software |
| Prelude Ventures | 3 | United States, Canada | Series A, Series B, Series C | Software, Sustainability, Science/Engineering |
| Evok Innovations | 3 | Canada, United States, Israel | Series A, Seed, Series B | Software, Oil and Gas, Information Technology |
| Killick Capital | 3 | Canada, United States | Seed, Pre-Seed | Software, Science/Engineering, Hardware |
| NGEN Partners | 3 | United States, Canada | Series B, Series C | Energy, Manufacturing, Renewable Energy |
| District Ventures Capital | 3 | Canada, United States | Pre-Seed, Seed | Food and Beverage, Manufacturing, Retail |
| INP Capital | 3 | Canada, United States, Australia | Series A, Seed, Pre-Seed | Health Care, Financial Services, Biotechnology |
| Creative Ventures | 3 | United States, Canada, United Kingdom | Seed, Series A | Software, Health Care, Artificial Intelligence |
| Ecofuel Fund | 3 | Canada | Seed, Series A, Pre-Seed | Manufacturing, Agriculture, Information Technology |
| The 51 Ventures | 3 | Canada, United States | Seed, Grant | Information Technology, Health Care, Fashion |
| National Research Council Canada | 3 | Canada | Grant, Pre-Seed | Software, Health Care, Artificial Intelligence |
| Panache Ventures | 3 | Canada, United States, Israel | Seed, Pre-Seed, Series A | Software, Information Technology, Artificial Intelligence |
| Island Capital Partners | 3 | Canada, Ireland | Seed, Pre-Seed | SaaS, Information Technology, Software |
| The Ontario Capital Growth | 3 | Canada | Series A, Series B | Energy, Software, Video |

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