Top 29 Venture Capital Firms in Toronto in 2023

The startup community has been growing in Toronto in recent years.

This has come along with an increase in the amount of money flowing from VCs into startups.

In this article, you can find a hand-picked list of venture capital firms in Toronto.

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29 Venture Capital Firms in Toronto

1) Plug and Play Tech Center

Plug and Play provides an array of services including accelerators, mentorships, and capital to entrepreneurs of all backgrounds.

Details of the VC firm:

• Country: USA, Canada, Brazil, United Arab Emirates, Netherlands, Belgium, Spain, Switzerland, Morocco, Germany, Turkey, South Africa, Italy, France, China, Japan, South Korea
• City: Chicago, Cleveland, Detroit, São Paulo, Topeka, Toronto, Abu Dhabi, Amsterdam, Antwerp, Barcelona, Basel, Ben Guerir, Cairo, Geneva, Hamburg, Istanbul, Johannesburg, Madrid, Milan, Munich, Paris, Bangkok, Beijing, Kyōto, Ōsaka, Seoul, San Francisco
• Started in: 2006
• Founders: Ali Safavi, Jackie Hernandez, Saeed Amidi
• Industries: DTC, Enterprise, Fintech, Food & Beverage, Healthcare, InsurTech, IoT, Media, Transportation, Hardware, Proptech & Real Estate, Supply Chain & Logistics, Climate & Sustainability, Travel & Hospitality, Agriculture, Energy
• Stages: Early Stage, Series A, Series B, Series C
• Minimum check size: $50,000
• Maximum check size: $250,000
• Number of investments: 1447
• Number of exits: 140
• Funds raised: $45,500,000
• 3 remarkable investments: Truebill, Honey, Life360

You can find their website here.

You can send them an email at investment@plugandplaytechcenter.com.

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2) Global Founders Capital

Global Founders Capital is an international early-stage investor backing founders from day 0 to IPO.

Details of the VC firm:

• Country: USA, Canada, United Kingdom, Germany, France, Sweden, Italy, Turkey, Israel, United Arab Emirates, Singapore, Indonesia, China, Brazil, Mexico
• City: San Francisco, New York, Los Angeles, Toronto, London, Berlin, Munich, Paris, Stockholm, Milan, Istanbul, Tel Aviv-Yafo, Singapore, Dubai, Jakarta, Beijing, Mexico City, São Paulo
• Started in: 2013
• Founders: Oliver Samwer
• Industries: Consumer, SaaS, Enterprise, Internet & Mobile, IoT, E-Commerce, Productivity, Supply Chain & Logistics, InsurTech
• Stages: Seed, Early Stage, Pre-Seed
• Minimum check size: $1,000,000
• Number of investments: 868
• Number of exits: 59
• Funds raised: $1,600,000,000
• 3 remarkable investments: Meta, Rocket Internet, LinkedIn

You can find their website here.

You can send them an email at contact@globalfounderscapital.com.

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3) Enterprise Ireland

Enterprise Ireland is a government organisation that provides investment support and opportunities for founders looking to build their businesses in Ireland.

Details of the VC firm:

• Country: Ireland, Germany, Hungary, Denmark, France, Netherlands, Italy, Sweden, Spain, Czechia, United Kingdom, Belgium, Poland, Brazil, USA, Canada, United Arab Emirates, Australia, China, Japan, Singapore, Vietnam, India, South Korea, Saudi Arabia, Nigeria, South Africa, Kenya
• City: Dublin, Düsseldorf, Budapest, Paris, Amsterdam, Milan, Stockholm, Madrid, Prague, London, Brussels, Warsaw, São Paulo, Austin, Toronto, New York, Dubai, Sydney, Hong Kong, Tokyo, Singapore, Ho Chi Minh City, Beijing, Mumbai, Seoul, Riyadh, Lagos, Johannesburg, Nairobi, Shannon, København
• Started in: 1998
• Industries: Life Sciences, Industrial
• Stages: Pre-Seed, Seed, Series A, Series B, Series C
• Maximum check size: €50,000
• Number of investments: 686
• Number of exits: 78
• Funds raised: €216,100,000
• 3 remarkable investments: Profitero, Immersive VR Education, Invinity Energy Systems PLC

You can find their website here.

You can send them an email at equitydept@enterprise-ireland.com.

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4) Antler

Antler is a venture capital firm providing early-stage investments and global residency programs to support founders worldwide.

Details of the VC firm:

• Country: Singapore, Germany, Netherlands, Denmark, Portugal, United Kingdom, Spain, Norway, France, Sweden, Australia, India, Vietnam, Indonesia, South Korea, Japan, USA, Canada, Kenya
• City: Berlin, Amsterdam, Copenhagen, Lisbon, London, Madrid, Oslo, Stockholm, Paris, Bangalore, Ho Chi Minh City, Jakarta, Seoul, Tokyo, Austin, Boulder, New York, São Paulo, Toronto, Nairobi, Sydney
• Started in: 2017
• Founders: Magnus Grimeland,Fridtjof Berge, Dilan Mizrakli Landgraff, Vegard Medbo, Jussi Salovaara
• Industries: AI & ML, Consumer, Crypto & Blockchain, Cybersecurity, E-Commerce, Fintech, SaaS, Gaming, Proptech & Real Estate, Internet & Mobile, Food & Beverage, Supply Chain & Logistics, Healthcare, Media
• Stages: Pre-Seed, Seed, Early Stage
• Number of investments: 365
• Number of exits: 3
• Funds raised: $82,200,000
• 3 remarkable investments: ChatFood, Baselime, Genuine Taste

You can find their website here.

You can send them an email at hello@antler.co.

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5) Versant Ventures

Versant Ventures is a healthcare investment fund financing biotechnology companies discovering and developing therapeutics.

Details of the VC firm:

• Country: Switzerland, USA, Canada
• City: Basel, San Francisco, New York, San Diego, Toronto, Vancouver
• Started in: 1999
• Founders: Barbara Lubash, Brian Atwood, Donald B. Milder, Rebecca Robertson, Samuel Colella, William Link
• Industries: Healthcare, Biotech
• Stages: Late Stage, Series A, Series B, Series C
• Number of investments: 355
• Number of exits: 99
• Funds raised: $3,300,000,000
• 3 remarkable investments: Crispr Therapeutics, Gritstone Bio, Vectivbio

You can find their website here.

You can contact them at +1 (415) 801-8100.

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6) Inovia Capital

Inovia Capital backs founders building global technology companies from seed to IPO stages.

Details of the VC firm:

• Country: Canada, USA, United Kingdom
• City: Montréal, Toronto, Calgary, San Francisco, London
• Started in: 2007
• Founders: Chris Arsenault
• Industries: Internet & Mobile, SaaS, Robotics, Crypto & Blockchain, Cybersecurity, Healthcare
• Stages: Early Stage, Late Stage
• Number of investments: 284
• Number of exits: 52
• Funds raised: $2,100,000,000
• 3 remarkable investments: North, Tracktik, Milestone Pharmaceuticals

You can find their website here.

You can send them an email at info@inovia.vc.

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7) Relay Ventures

Relay Ventures is a VC firm that focuses on seed and series A startups in Canada and North America.

Details of the VC firm:

• Country: Canada, USA
• City: Toronto, Calgary, San Francisco
• Started in: 2008
• Founders: John Albright, Kevin Talbot
• Industries: AI & ML, Hardware, Robotics, Proptech & Real Estate, Fintech, Sports, SaaS
• Stages: Seed, Series A
• Minimum check size: $500,000
• Maximum check size: $12,000,000
• Number of investments: 174
• Number of exits: 50
• Funds raised: $15,000,000
• 3 remarkable investments: Luma, Circle Media, Bird

You can find their website here.

You can send them an email at toronto@relayventures.com.

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8) Golden Ventures

Golden Ventures is a seed-stage venture capital investing in Canadian and American sectors.

Details of the VC firm:

• Country: Canada
• City: Toronto
• Started in: 2011
• Founders: Matt Golden
• Industries: Consumer, Crypto & Blockchain, Education, Gaming, Fintech, Food & Beverage, Life Sciences, Media, Manufacturing, Sports
• Stages: Seed
• Minimum check size: $500,000
• Maximum check size: $2,000,000
• Number of investments: 140
• Number of exits: 14
• Funds raised: $230,900,000
• 3 remarkable investments: Skipthedishes, Joist, Inkbox

You can find their website here.

You can send them an email at info@golden.ventures.

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9) Georgian

Georgian provides growth equity to late-stage B2B SaaS companies.

Details of the VC firm:

• Country: Canada
• City: Toronto
• Started in: 2008
• Founders: John Berton, Justin Lafayette, Simon Chong
• Industries: Fintech, AI & ML
• Stages: Series B, Series C, Growth
• Minimum check size: $25,000,000
• Maximum check size: $75,000,000
• Number of investments: 113
• Number of exits: 26
• Funds raised: $2,000,000,000
• 3 remarkable investments: Shopify, Armis Security, Disco

You can find their website here.

You can send them an email at info@georgian.io.

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10) Panache Ventures

Panache Ventures is a venture capital firm financing pre-seed and seed-stage companies across diverse industries.

Details of the VC firm:

• Country: Canada
• City: Montréal, Vancouver, Toronto, Calgary
• Started in: 2017
• Founders: Mike Cegelski
• 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
• Stages: Seed, Pre-Seed
• Minimum check size: $250,000
• Maximum check size: $1,000,000
• Number of investments: 98
• Number of exits: 3
• Funds raised: $58,000,000
• 3 remarkable investments: Lane, Ehsai, Proof

You can find their website here.

You can send them an email at info@panache.vc.

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11) Lumira Ventures

Lumira Ventures primarily invest in biotech and life sciences companies across the US and Canada.

Details of the VC firm:

• Country: Canada, USA
• City: Toronto, Montréal, Vancouver, Boston
• Started in: 1989
• Founders: Peter Van Der Velden
• Industries: Biotech, Healthcare
• Stages: Late Stage, Early Stage
• Minimum check size: $500,000
• Maximum check size: $1,000,000
• Number of investments: 83
• Number of exits: 19
• Funds raised: $764,500,000
• 3 remarkable investments: Zymeworks, X4 Pharmaceuticals, Aurinia Pharmaceuticals

You can find their website here.

You can contact them at +1 (416) 213 4223.

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12) Yaletown Partners

Yaletown Partners is a VC fund that supports growth-stage technology companies in Canada.

Details of the VC firm:

• Country: Canada
• City: Vancouver, Calgary, Toronto, Montréal
• Started in: 2001
• Founders: Hans Knapp, Steve Hnatiuk
• Industries: AI & ML, IoT, SaaS
• Stages: Series A, Late Stage, Series B
• Minimum check size: $2,000,000
• Maximum check size: $5,000,000
• Number of investments: 75
• Number of exits: 19
• Funds raised: $110,000,000
• 3 remarkable investments: Finn Ai, Tasktop, Food.ee

You can find their website here.

You can send them an email at info@yaletown.com.

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13) Extreme Venture Partners

Extreme Venture Partners is a Toronto-based seed-stage venture capital investing in the next generation of Canadian entrepreneurs.

Details of the VC firm:

• Country: Canada
• City: Toronto
• Started in: 2007
• Founders: Imran Bashir, Ken Teslia, Ray Sharma, Sunil Sharma
• Industries: Internet & Mobile, Big Data & Analytics, IoT
• Stages: Seed, Pre-Seed
• Minimum check size: $250,000
• Maximum check size: $1,000,000
• Number of investments: 72
• Number of exits: 14
• 3 remarkable investments: Wagepoint, Engagio, CalendarHero

You can find their website here.

You can send them an email at submit@extremevp.com.

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14) Cycle Capital

Cycle Capital is a private VC firm investing in climate tech across North America, Europe and Asia.

Details of the VC firm:

• Country: Canada
• City: Montréal, Toronto
• Started in: 2005
• Founders: Andrée-Lise Méthot
• Industries: Climate & Sustainability, Energy, Industrial, Agriculture, IoT
• Stages: Seed, Early Stage, Growth
• Minimum check size: $1,500,000
• Maximum check size: $3,000,000
• Number of investments: 63
• Number of exits: 2
• Funds raised: $657,100,000
• 3 remarkable investments: Ess, Energate

You can find their website here.

You can send them an email at amethot@cyclecapital.net.

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15) Emerald Technology Ventures

Emerald is an international venture capital firm investing in sustainable industrial technology.

Details of the VC firm:

• Country: Switzerland, Canada, Singapore
• City: Zürich, Toronto, Singapore
• Started in: 2000
• Founders: Gina Domanig
• Industries: Industrial, Agriculture, Energy
• Stages: Early Stage, Late Stage, Seed, Series A, Series B
• Minimum check size: $10,000,000
• Maximum check size: $20,000,000
• Number of investments: 60
• Number of exits: 9
• Funds raised: $340,700,000
• 3 remarkable investments: Spear Power Systems, Powerhouse Dynamics, Securitymatters

You can find their website here.

You can send them an email at info@emerald-ventures.com.

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16) BrightSpark Ventures

Brightspark Ventures is an early-stage venture capital firm investing in Canadian tech startups.

Details of the VC firm:

• Country: Canada
• City: Montréal, Toronto
• Started in: 2000
• Founders: Mark Skapinker, Sophie Forest, Tony Davis
• Industries: Internet & Mobile, Consumer, Hardware, SaaS
• Stages: Early Stage, Seed, Pre-Seed
• Minimum check size: $500,000
• Maximum check size: $1,500,000
• Number of investments: 57
• Number of exits: 11
• Funds raised: $56,000,000
• 3 remarkable investments: Nudge, Borderfree, Nguvu

You can find their website here.

You can send them an email at dealflow@brightspark.com.

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17) Vanedge Capital

Vanedge Capital, based in Silicon Valley and Vancouver, invest in tech companies in the gaming, digital media, and SaaS solutions industries.

Details of the VC firm:

• Country: Canada, USA
• City: Vancouver, Waterloo, Toronto
• Started in: 2010
• Founders: Glenn Entis, V. Paul Lee
• Industries: Deep Tech & Hard Science, Cybersecurity, SaaS, Media, Biotech, IoT, Cloud, Big Data & Analytics
• Stages: Early Stage, Series A
• Minimum check size: $2,000,000
• Maximum check size: $5,000,000
• Number of investments: 56
• Number of exits: 13
• Funds raised: $297,100,000
• 3 remarkable investments: Hytrust, Boundless Spatial, Bitfusion.Io

You can find their website here.

You can send them an email at info@vanedgecapital.com.

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18) ScaleUp

ScaleUP Ventures, based in Toronto, Canada, is a venture capital firm that supports early-stage technology companies in scaling their company to the international market.

Details of the VC firm:

• Country: Canada
• City: Toronto, Vancouver
• Started in: 2016
• Founders: Kevin Kimsa, Razor Suleman
• Industries: Fintech, Enterprise, SaaS, Creator Economy
• Stages: Seed, Early Stage, Series A
• Minimum check size: $2,000,000
• Maximum check size: $10,000,000
• Number of investments: 43
• Number of exits: 3
• Funds raised: $100,000,000
• 3 remarkable investments: Mojix, Sonder, Fusebill

You can find their website here.

You can send them an email at christian@suv.vc.

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19) Fastbreak Ventures

Fastbreak Ventures leads pre-seed and seed-stage rounds for SaaS founders.

Details of the VC firm:

• Country: Canada
• City: Toronto
• Started in: 2013
• Founders: Matt Saunders, Alan Lysne
• Industries: Proptech & Real Estate, Healthcare, Fintech
• Stages: Pre-Seed, Seed
• Number of investments: 41
• Number of exits: 8
• Funds raised: $6,000,000
• 3 remarkable investments: Flipd, Planworth, Sampler

You can find their website here.

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20) iGan Partners

iGan Partners is the leading Toronto-based seed-stage VC investing in companies disrupting the health technology industry.

Details of the VC firm:

• Country: Canada
• City: Toronto
• Started in: 2011
• Founders: Sam Ifergan
• Industries: Healthcare, AI & ML
• Stages: Seed, Series A
• Minimum check size: $1,000,000
• Maximum check size: $5,000,000
• Number of investments: 37
• Number of exits: 8
• Funds raised: $350,000,000
• 3 remarkable investments: Think Research, Quandl, Meta

You can find their website here.

You can send them an email at info@iganpartners.com.

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21) Leaders Fund

Leaders Fund is a multistage SaaS-focused venture capital firm investing across Canada, US and Israel.

Details of the VC firm:

• Country: Canada
• City: Toronto, Alpharetta
• Started in: 2016
• Founders: David Stein, Steve Debacco, Gideon Hayden
• Industries: SaaS, Cloud, Cybersecurity, Enterprise, Supply Chain & Logistics, AI & ML
• Stages: Seed, Early Stage, Series A, Series B
• Number of investments: 34
• Number of exits: 9
• Funds raised: $100,000,000
• 3 remarkable investments: Toolpath Labs, ADA, Drata

You can find their website here.

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22) Noetic Fund

Neotic is a Canadian venture capital firm investing in mental health solutions with an emphasis on therapeutics targeting the central nervous system.

Details of the VC firm:

• Country: Canada
• City: Toronto
• Started in: 2020
• Founders: Sa'Ad Shah, Warren Wright
• Industries: Health & Wellness, Biotech, Healthcare
• Stages: Series A, Seed
• Number of investments: 31
• Number of exits: 6
• Funds raised: $200,000,000
• 3 remarkable investments: Apollo Neuroscience, CaamTech, Sana Health

You can find their website here.

You can send them an email at info@noeticfund.com.

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23) Brand Project

Brand Project is a multi-stage VC firm investing in consumer brands across Canada and the US.

Details of the VC firm:

• Country: Canada, USA
• City: Toronto, New York
• Started in: 2013
• Founders: Andrew Black, Andrew Bridge, Jay Bhatti
• Industries: Consumer, DTC, Health & Wellness, Food & Beverage, Marketplace, Supply Chain & Logistics
• Stages: Pre-Seed, Seed, Series A
• Minimum check size: $500,000
• Maximum check size: $5,000,000
• Number of investments: 27
• Number of exits: 6
• 3 remarkable investments: Persona, Freshly, Atolla

You can find their website here.

You can send them an email at ideas@brandproject.com.

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24) Arctern

ArcTern Ventures is an early-stage venture capital firm investing in companies in the cleantech sector.

Details of the VC firm:

• Country: Canada
• City: Toronto
• Started in: 2012
• Founders: Murray Mccaig
• Industries: Climate & Sustainability, AI & ML, Biotech, Robotics, Transportation, Industrial, Manufacturing, Energy
• Stages: Series A, Early Stage
• Minimum check size: $5,000,000
• Maximum check size: $15,000,000
• Number of investments: 26
• Number of exits: 1
• Funds raised: $200,000,000
• 3 remarkable investments: Palmetto, Span, Terramera

You can find their website here.

You can send them an email at info@arcternventures.com.

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25) Alate Partners

Alate is backing founders disrupting the real estate with proptech sectors.

Details of the VC firm:

• Country: Canada
• City: Toronto
• Started in: 2018
• Founders: John Albright
• Industries: Proptech & Real Estate
• Stages: Seed, Series A
• Minimum check size: $1,000,000
• Maximum check size: $5,000,000
• Number of investments: 20
• Number of exits: 4
• Funds raised: $40,000,000
• 3 remarkable investments: Altrio, Branch, Occupier

You can find their website here.

You can send them an email at hello@alatepartners.com.

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26) District Venture Capital

District Venture Capital invests in Canadian startups in the food & beverage and health & wellness sectors.

Details of the VC firm:

• Country: Canada, USA
• City: Toronto, Calgary
• Started in: 2016
• Founders: Arlene Dickinson
• Industries: Food & Beverage, Health & Wellness
• Stages: Early Stage
• Minimum check size: $2,000,000
• Maximum check size: $10,000,000
• Number of investments: 20
• Funds raised: $100,000,000
• 3 remarkable investments: Neo, Chickapea, Premama

You can find their website here.

You can send them an email at contact@districtventurescapital.com.

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27) Saltagen Ventures​

Saltagen Ventures specializes in funding early-stage biotech startups in North America and Asia.

Details of the VC firm:

• Country: Hong Kong, Canada, South Korea, USA, Denmark, Australia
• City: Seoul, Toronto, San Diego, Hong Kong, Copenhagen, Vancouver, Melbourne
• Started in: 2017
• Founders: Joseph Fung
• Industries: Biotech, Healthcare, Health & Wellness
• Stages: Seed, Early Stage, Series A, Series B
• Minimum check size: $120,000
• Maximum check size: $5,000,000
• Number of investments: 17
• Funds raised: $41,000,000
• 3 remarkable investments: Oncoustics AI, Helpwear Inc, Juno Diagnostics

You can find their website here.

You can send them an email at info@saltagen.com.

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28) Acadian Ventures

Acadian Ventures are backing bold founders reimagining the future of work across North America and Germany.

Details of the VC firm:

• Country: USA, Canada, Mexico, Israel, France, Germany, United Kingdom, Belgium, Ireland, Malaysia
• City: Los Angeles, Toronto, Boise, San Jose, San Francisco, Salt Lake City, Mexico City, Tel Aviv-Yafo, Paris, Marseille, Berlin, London, Dublin, Kuala Lumpur, New York, Gent
• Started in: 2019
• Founders: Jason Corsello
• Industries: SaaS, Productivity, Health & Wellness, Future of Work, Human Resources
• Stages: Early Stage
• Minimum check size: €250,000
• Maximum check size: €500,000
• Number of investments: 12
• Number of exits: 1
• 3 remarkable investments: Mighty Labs, Fifty.Do, Utmost, Arist, Oyster

You can find their website here.

You can send them an email at hello@acadianventures.com.

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29) Verstra Ventures

Verstra Ventures specializes in B2B SaaS company investments.

Details of the VC firm:

• Country: Canada
• City: Toronto
• Started in: 2018
• Founders: Matan Hazanov
• Industries: Enterprise, SaaS
• Stages: Late Stage
• Minimum check size: $500,000
• Maximum check size: $2,000,000
• Number of investments: 9
• 3 remarkable investments: Mariner, Renovai, VXG

You can find their website here.

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