Top Venture Capital Firms in Canada

Canada has emerged as a dynamic center for innovation and entrepreneurship, attracting startups and entrepreneurs across sectors like fintech, health tech, cleantech, and artificial intelligence.

As a result, the country hosts a thriving Canadian venture capital ecosystem that fuels growth for early-stage ventures, B2B startups, and high-growth technology companies.

In this article, we’ll explore top venture capital firms in Canada, highlighting their investment approach, standout portfolio companies, and contributions to Canada’s venture capital landscape.

1. Real Ventures

Founded in 2007 and based in Montreal, Real Ventures is one of Canada’s most active venture capital firms. As an early-stage venture capital firm, they focus on investing in mission-driven entrepreneurs and disruptive technologies in AI, software, and digital platforms.

Their investments include Canadian tech leaders like Element AI, Unsplash, and Breather. Real Ventures also collaborates with accelerator programs like FounderFuel to support startups at various stages and expand Canada's startup ecosystem.

2. BDC Capital

BDC Capital is the investment arm of the Business Development Bank of Canada, managing billions in venture capital and private equity. With offices in Toronto and a national footprint, BDC Capital plays a pivotal role in supporting startups, from pre-seed to growth-stage.

Their portfolio spans sectors like health tech, cleantech, and medical devices, and includes notable companies like Clio and D-Wave Systems.

3. Georgian

Toronto’s Georgian is a growth-stage venture capital fund focused on data-driven B2B software companies. Their Georgian Growth Fund supports high-growth B2B startups in fintech, cybersecurity, and artificial intelligence.

Their portfolio includes Shopify, Ada, and Ritual. Georgian represents some of the best venture capital practices in Canada, offering scale-focused investments to technology startups with strong product-market fit.

4. Inovia Capital

Founded in 2007 with offices in Montreal and Toronto, Inovia Capital is a full-stack venture capital firm. They invest in early-stage to late-stage companies, helping founders build game-changing companies with global ambition.

Portfolio highlights include Lightspeed, Clearco, and Snapcommerce. With decades of experience and more than $2 billion across five funds, Inovia enables startups at various stages to thrive.

5. Version One Ventures

Version One Ventures is an early-stage venture fund led by Boris Wertz in Vancouver. The firm invests in early-stage technology companies across SaaS, crypto, and climate tech sectors.

Their investments include Dapper Labs, Wattpad, and Clio. As a firm deeply embedded in both the Canadian and U.S. ecosystems, Version One helps Canadian VCs support tech startups going global.

6. Golden Ventures

Golden Ventures is an early-stage Canadian VC firm in Toronto that focuses on seed-stage venture capital investment. Their portfolio includes top names like SkipTheDishes, Koho, and Ritual.

Their investment thesis prioritizes high-potential startups and collaborative, long-term growth.

7. Relay Ventures

Relay Ventures is an early-stage venture capital firm with a focus on B2B software, mobile computing, and location-based services. The Toronto-based firm also has a strong presence in Silicon Valley.

They’ve supported several technology startups that went on to disrupt established industries, with a data-driven investment model and strong founder relationships.

8. Panache Ventures

Panache Ventures is another highly respected Canadian VC firm focused on early-stage investments. As one of the most active seed investors in Canada, they aim to back over 100 companies through their venture capital fund.

They support startups in AI, digital health, and Canadian technology, including underrepresented founders.

9. Framework Venture Partners

Framework Venture Partners in Toronto is a data-first early-stage venture capital firm that backs high-growth B2B software companies. Their mission is to invest in companies that are leveraging data to disrupt industries and scale responsibly.

Their portfolio spans healthcare companies, fintech, and AI.

10. OMERS Ventures

Part of the OMERS pension plan, OMERS Ventures is a large private capital and equity fund investing in Canadian technology and international startups.

Their role in Canada’s venture capital ecosystem underscores the growing maturity of VC firms in Canada.

Let’s Recap

Canada is home to some of the most innovative and active venture capital firms, supporting a broad spectrum of startup ecosystems, from AI and fintech to healthcare companies and medical devices. These Canadian VC firms do more than fund; they offer operational mentorship, international networks, and specialized knowledge across verticals.

If you’re a founder seeking the right VC, Private Equity List is your go-to platform. With filters by industry, stage, and location, you can easily find the perfect venture capital investment partner.

Sign up for free today at Private Equity List and find the perfect partner to help grow your business.

Read More

• Venture Capital (VC) Valuation Methods For Startups
• Venture Capital: Advantages and Disadvantages Explored
• Venture Capital Fundraising Process
• Corporate Venture Capital vs Venture Capital: Key Differences

Frequently Asked Questions