Calgary's startup scene is getting more attention, and for good reason. A solid group of venture capital firms are actively funding new companies across the province.
Firms range from established players like BDC Venture Capital, which has backed over 700 companies, to others with a tight industry focus like District Ventures Capital. This variety gives founders more shots at finding the right funding partner.
Below is our list of the best 6 VC firms in Calgary.
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Buy It For $97 $297 →As the venture capital arm of the Business Development Bank of Canada, BDC Venture Capital invests in high-growth Canadian tech companies from seed to expansion. They aim to build strong national businesses by providing financing and consulting, with dedicated funds for sectors like Deep Tech, Sustainability, and Women in Technology.
| Year Founded | 1975 |
| Founders | — |
| Industries | Healthcare, Climate & Sustainability, AI & ML, Robotics, Food & Beverage, Industrial, Supply Chain & Logistics, Proptech & Real Estate, Aerospace & Space, Cloud, Enterprise, IoT, Cybersecurity, Big Data & Analytics, SaaS, Manufacturing, Energy, Agriculture |
| Investment Stage | Early Stage, Late Stage, Seed, Series A, Series B |
| Nº of Investments | 709 (143 as Lead Investor) |
| Nº of Exits | 173 (27 IPO'd) |
| Contact | socialmedia@bdc.ca / 877-232-2269 |
Focusing on consumer packaged goods, District Ventures Capital backs early-stage companies in the food, beverage, and health sectors. The firm combines capital with an accelerator program, offering marketing and commercialization support to help brands like Chickapea grow.
| Year Founded | 2015 |
| Founders | Arlene Dickinson |
| Total Funding | $100M |
| Average Check Size | $10M |
| Industries | Food & Beverage, Health & Wellness |
| Investment Stage | Early Stage, Late Stage, Seed |
| Nº of Investments | 77 (14 as Lead Investor) |
| Nº of Exits | 2 |
| Top Portfolio Startups | Neo, Chickapea, Premama |
| Contact | accelerator@districtventures.ca / (403) 237-2388 |
The Venture Capital Association of Alberta functions as the central hub for the province's investment community, connecting venture capital firms, private equity, and angel investors. They aim to propel the growth of Alberta’s technology industry by increasing the flow of capital and creating more profitable investment opportunities for members.
Accelerate Fund pools capital and expertise from a partnership of organizations to back early-stage technology companies in Alberta. Managed by AVAC Ltd., the fund provides financing options and hands-on guidance from an industry committee to help these startups scale.
Operating as a Financial Feminist platform, The 51 Ventures unites a community of female investors to back early-stage, women-led companies. This model directly addresses the global venture capital funding gap for female founders while working to establish Canada as a center for female-powered capital.
| Year Founded | 2019 |
| Founders | Alice Reimer, Judy Fairburn, Shelley Kuipers |
| Investment Stage | Early Stage, Grant, Seed |
| Nº of Investments | 51 (8 as Lead Investor) |
| Nº of Exits | 1 |
| Contact | hello@the51.io |
Rio Investment Partners invests in early-stage companies innovating across the agri-food value chain. They seek out technologies and capabilities that can catalyze growth and create value throughout the entire food system.
| Year Founded | 2019 |
| Founders | — |
| Investment Stage | Early Stage |
| Nº of Investments | — |
| Nº of Exits | — |
| Contact | info@riofunds.com |