Finding the right investor in Montréal can feel like a big task, but the city's venture capital community is more accessible than you might think. There's a healthy range of firms ready to back ambitious founders.
Long-standing firms like Fonds de solidarité FTQ have made over 300 investments, while Inovia Capital has seen more than 70 of its companies exit. Even newer funds are actively writing checks, building a strong foundation for the next generation of startups.
Below is our list of the best 15 VC firms in Montréal.
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Buy It For $97 $297 →Inovia Capital partners with founders from seed to late stage, helping them build enduring technology companies in sectors like SaaS, robotics, and healthcare. Drawing on their experience as operators, the team offers mentorship and access to a global network for portfolio companies such as North and Tracktik.
| Year Founded | 2007 |
| Founders | Chris Arsenault |
| Total Funding | $2.1B |
| Industries | Internet & Mobile, SaaS, Robotics, Crypto & Blockchain, Cybersecurity, Healthcare |
| Investment Stage | Debt, Early Stage, Late Stage, Seed |
| Nº of Investments | 357 (128 as Lead Investor) |
| Nº of Exits | 75 (5 IPO'd) |
| Top Portfolio Startups | North, Tracktik, Milestone Pharmaceuticals |
| Contact | info@inovia.vc / +1 514-982-2251 |
Powered by the retirement savings of hundreds of thousands of Quebecers, Fonds de solidarité FTQ invests in local small and medium-sized businesses to drive Québec's economic growth. The fund offers both equity and debt financing to companies at various stages across a wide spectrum of sectors, including technology, life sciences, and manufacturing.
| Year Founded | 1983 |
| Founders | — |
| Investment Stage | Debt, Early Stage, Late Stage, Non Equity Assistance, Post-Ipo, Seed |
| Nº of Investments | 318 (132 as Lead Investor) |
| Nº of Exits | 78 (35 IPO'd) |
| Contact | infoinvestissement@fondsftq.com / 514-383-8383 |
Luge Capital backs early-stage founders using fintech and artificial intelligence to redefine how people and businesses interact with financial services. The fund focuses on teams that improve customer experiences and make institutions more efficient, providing hands-on support through its network and industry expertise.
| Year Founded | 2018 |
| Founders | David Nault, Karim Gillani |
| Investment Stage | Early Stage, Seed |
| Nº of Investments | 38 (16 as Lead Investor) |
| Nº of Exits | 1 |
| Contact | hello@luge.vc / +1 915 852 2200 |
Diagram builds technology companies from the ground up within the financial, insurance, and health industries. They partner with founders, providing a platform that combines venture capital with hands-on support and a network of partners to launch and scale new businesses.
| Year Founded | 2016 |
| Founders | Daniel Robichaud, Francois Lafortune, Ken Nguyen |
| Investment Stage | Early Stage, Late Stage, Seed |
| Nº of Investments | 43 (18 as Lead Investor) |
| Nº of Exits | 3 (1 IPO'd) |
| Contact | ea@diagram.ca |
Brightspark Ventures backs early-stage Canadian software companies, counting successes like Hopper in its portfolio. The firm operates on a unique model that allows individual accredited investors to co-invest, giving startups access to capital and a broad support network.
| Year Founded | 2000 |
| Founders | Mark Skapinker, Sophie Forest, Tony Davis |
| Industries | Internet & Mobile, Consumer, Hardware, SaaS |
| Investment Stage | Debt, Early Stage, Late Stage, Seed, Pre-Seed |
| Nº of Investments | 74 (27 as Lead Investor) |
| Nº of Exits | 14 (1 IPO'd) |
| Contact | dealflow@brightspark.com / 416-488-1999 |
Panache Ventures invests in Canada's most promising pre-seed and seed-stage startups, concentrating on sectors where the country has a competitive edge like AI, fintech, and enterprise software. As the nation's most active seed fund, they provide the foundational capital and support necessary to help founders build globally successful companies.
| Year Founded | 2017 |
| Founders | Mike Cegelski |
| Total Funding | $58M |
| Average Check Size | $1M |
| Industries | AI & ML, Crypto & Blockchain, Cybersecurity, Devops, Media, E-Commerce, Fintech, Gaming, Healthcare, InsurTech, IoT, Supply Chain & Logistics, SaaS, Health & Wellness, Education, Climate & Sustainability, Energy |
| Investment Stage | Early Stage, Seed, Pre-Seed |
| Nº of Investments | 133 (21 as Lead Investor) |
| Nº of Exits | 11 |
| Top Portfolio Startups | Lane, Ehsai, Proof |
| Contact | info@panache.vc |
Real Ventures helps build the Canadian startup ecosystem by backing early-stage entrepreneurs with global ambitions. The firm provides stage-specific guidance and mentorship to accelerate growth, with portfolio companies including Sonder.
| Year Founded | 2007 |
| Founders | Alan MacIntosh, Jean-Sebastian Cournoyer, John Stokes |
| Total Funding | $272.3M |
| Average Check Size | $350k |
| Industries | AI & ML, Robotics, Crypto & Blockchain, Consumer, Education, Enterprise, Health & Wellness, Marketplace, Transportation, Cybersecurity, Infrastructure, Construction, Fintech |
| Investment Stage | Early Stage, Seed |
| Nº of Investments | 294 (50 as Lead Investor) |
| Nº of Exits | 45 (1 IPO'd) |
| Top Portfolio Startups | Clarity, Breathe Life, Sonder |
| Contact | hello@realventures.com |
As a Canadian venture firm, CTI Life Sciences provides capital to emerging life sciences companies in both Canada and the U.S. They focus on the pre-clinical and clinical development stages, helping to bring new therapies and medical technologies from the lab to the market.
| Year Founded | 2006 |
| Founders | Ken Pastor |
| Investment Stage | Early Stage, Late Stage, Post-Ipo |
| Nº of Investments | 41 (11 as Lead Investor) |
| Nº of Exits | 11 (5 IPO'd) |
| Contact | 514 787 1620 |
As a pioneering Canadian impact investor, Cycle Capital funds cleantech companies across North America from development to commercialization. They actively support ventures with strong intellectual property in sectors like energy and agriculture, helping build companies such as the energy storage firm ESS Inc.
| Year Founded | 2009 |
| Founders | Andrée-Lise Méthot |
| Total Funding | $657.1M |
| Average Check Size | $3M |
| Industries | Climate & Sustainability, Energy, Industrial, Agriculture, IoT |
| Investment Stage | Early Stage, Late Stage, Private Equity, Seed, Growth |
| Nº of Investments | 79 (30 as Lead Investor) |
| Nº of Exits | 4 (1 IPO'd) |
| Top Portfolio Startups | Ess, Energate |
| Contact | amethot@cyclecapital.net / 514 495-1022 |
Boreal Ventures provides seed-stage funding for capital-efficient startups that are often overlooked by other investors. Beyond capital, they provide founders with hands-on expertise in go-to-market strategies and growth to build sustainable companies.
| Year Founded | 2021 |
| Founders | — |
| Investment Stage | Early Stage, Seed |
| Nº of Investments | 16 (4 as Lead Investor) |
| Nº of Exits | — |
5 Additional Montréal VC Firms Worth Pitching
Our top picks are just part of the picture in Montréal. The next group of firms has collectively invested in 70 startups and seen 9 of them through to an exit.
They represent a range of founding years and focus areas, from life sciences to cleantech. Here’s a look at the other venture capital firms funding what's next in Montréal.
