SeedRound Media
Rushed for time? Here is the top 5 Seed investors for Software startups. Scroll down for more information on these investors or to view the rest of the investors.
Name | Website | Stages | Location | Socials |
|---|---|---|---|---|
New Brunswick Innovation Foundation | Early Stage Venture, Seed | Fredericton, New Brunswick, Canada, North America | ||
Next AI | Convertible Note, Crowdfunding, Debt, Early Stage Venture, Grant, Private Equity, Seed | Toronto, Ontario, Canada, North America | ||
L-SPARK | Early Stage Venture, Late Stage Venture, Seed | Ottawa, Ontario, Canada, North America | ||
Wesley Clover | Early Stage Venture, Private Equity, Seed | Ottawa, Ontario, Canada, North America | ||
ScaleUP Ventures | Early Stage Venture, Seed | Toronto, Ontario, Canada, North America |
At SeedRound we track over 200,000 investors and over 1,000,000 people who hold key positions in these firms. We use this directory of investors to highlight top employees, LP’s and funding organisations we think deserve more appreciation than they are currently getting.
We’ve ranked the top Software Seed investors in Canada. The companies, startups and institutions listed in this article are all exceptional companies, well worth a follow. We have included links to their websites, socials and CrunchBase (if you’re interested in their financials).
We selected the organisations listed in this article based on:
- Track record
- Executive leadership
- Market share
- Innovation
- ESG rating
Our Data – We source our data from OSINT (open source intelligence) and public directories such as Crunchbase, SemRush and many more. The data from these sources should be treated with a degree of caution and verified yourself.
Top Software Investors & Funds (Canada)
New Brunswick Innovation Foundation
Starting a new research project or company often requires more capital than any one source can give. Since many financial institutions consider startups and R&D “too risky,†some of the most commercially viable projects simply fall through the cracks and die. But not in New Brunswick. At NBIF our venture capital and research funding fills the gap so many innovators fall through, so they can break through. What sets us apart from traditional capital providers is the way we do business. Instead of lending, we make investments in your companyâ€:tm:s equity. Instead of making research grants, the funding we provide attaches certain rights to the intellectual property you develop so we can help commercialize it. And the money we make? It goes right back into the Foundation so we can get even more research projects and companies going—over and over again. Letting us invest in you lets you invest in New Brunswick, too. Itâ€:tm:s what makes us unique. Whether it starts in a university laboratory, or on the desktop of a budding entrepreneur, our aim is to build New Brunswickâ€:tm:s capacity to innovate and create commercial opportunities for our five strategic industries. With $40 million under management, the investments we’ve made have allowed our researchers and companies to leverage over $160 million more in additional capital.
Stages: Early Stage Venture, Seed
Location: Fredericton, New Brunswick, Canada, North America
Industries: Enterprise Software, Non Profit, Venture Capital
Follow:
Next AI
Delivered in Montréal and Toronto, NextAI is an accelerator and founder development program for early or idea stage AI-enabled startups. NextAI is for exceptional teams and individuals from around the world who are commercializing AI research and want to build global companies. NextAI is a global innovation hub for artificial intelligence related venture creation and technology commercialization. We identify talented teams and individuals with ambitious ideas and leverage Canada’s leadership position in AI to provide them with the capital, mentorship, education and network to disrupt industries. NextAI teams have access to up to $200,000 in capital, world-renowned faculty and scientists, a network of Canada’s top business leaders and entrepreneurs, and access to cutting edge AI tools.
Stages: Convertible Note, Crowdfunding, Debt, Early Stage Venture, Grant, Private Equity, Seed
Location: Toronto, Ontario, Canada, North America
Industries: Artificial Intelligence, Hardware, Information Technology, Machine Learning, Non Profit, Software, Training
Follow:
L-SPARK
The L-SPARK Accelerator is the destination for market ready SaaS and cloud companies to connect with Canada’s SaaS experts. The L-SPARK acceleration model positions companies to propel their revenues to $100k MRR and beyond. Leveraging established relationships with key venture capital firms, angel investors, and the investment community at large, L-SPARK’s goal is to scale Canada’s best in SaaS to 10 x revenue growth and Series A funding. L-SPARK is also driving innovation with its two corporate accelerators. With BlackBerry QNX, L-SPARK works with autonomous vehicle companies to focus on connected car technologies and with TELUS, BlackBerry and Solace, L-SPARK works on secure IoT solutions. Through these initiatives, L-SPARK pairs multi-national organizations with startups to create fruitful collaborations. To date, L-SPARK has accelerated 51 companies with over 50% of those companies raising follow-on funding, which now totals over $45M. The companies are headquartered across Canada and exist in verticals such as SaaS, AV, IoT, cybersecurity and more.
Stages: Early Stage Venture, Late Stage Venture, Seed
Location: Ottawa, Ontario, Canada, North America
Industries: Autonomous Vehicles, Cloud Computing, Enterprise Software, Internet of Things, SaaS
Follow:
Wesley Clover
Wesley Clover is a private, global investment management and holding company, with active interests in innovative new Cloud and SaaS technology companies as well as selected Real Estate.
Stages: Early Stage Venture, Private Equity, Seed
Location: Ottawa, Ontario, Canada, North America
Industries: Finance, Financial Services, Real Estate, Software
Follow:
ScaleUP Ventures
ScaleUP Ventures is a venture capital firm that supports creative entrepreneurs and assists with investments. It is focused on early-stage venture capital with a preference for Business-to-Business opportunities. The firm was founded in 2016 and is based in Toronto, Ontario.
Stages: Early Stage Venture, Seed
Location: Toronto, Ontario, Canada, North America
Industries: Enterprise Applications, Enterprise Software, FinTech
Follow:
Klass Capital
We are a private equity firm established to acquire businesses and provide expansion stage capital. We are backed by a $40 billion dollar pension plan and a number of institutional investors and high net worth entrepreneurs. We target investing between $2mm and $20mm of equity and target enterprise values between $5mm and $75mm. We move quickly, have a collaborative approach and strongly believe in adding value to our partners. Our advisors are significant investors in the fund and are driven to provide meaningful support to every company. We bring innovative ideas, strong values and a sense of urgency to every opportunity. We are based in Toronto, Canada and have a North American focus. Our portfolio ranges from companies that have $1mm in sales to $200mm+ in sales. Our primary focus is to help our partners become world leading organizations.
Stages: Early Stage Venture, Seed
Location: Toronto, Ontario, Canada, North America
Industries: Enterprise Software, Venture Capital
Follow:
Build Ventures
The mission at Build Ventures is to help founders build companies. Period. They provide early stage capital to emerging, game-changing Atlantic Canadian technology companies. Their team has deep operational and investment experience. The startup journey can be challenging, but they know what it takes and they are here to help. They’re based in Halifax, Nova Scotia, and are focused on companies in Atlantic Canada. They like to invest after your seed round. Ideally, you have begun to build a great team, have a product solving a meaningful problem and are working in what is – or one day will become — a huge market.
Stages: Seed
Location: Halifax, Nova Scotia, Canada, North America
Industries: Database, Enterprise Software, Venture Capital
Follow:
Ripple Ventures
Ripple Ventures is an early-stage venture fund that focuses on investing in pre-seed to early Series A companies building B2B software across North America. The firm’s goal is to support entrepreneurs who revolutionize the most competitive global industries by solving difficult problems with unique solutions.
Stages: Early Stage Venture, Seed, Venture
Location: Toronto, Ontario, Canada, North America
Industries: Enterprise Software, SaaS, Venture Capital
Follow:
Laurence Capital
Laurence Capital is a merchant bank that offers growth stage companies with capital and advisory services to develop their businesses. It assists its customers in business development, mergers and acquisitions, financings, and board and executive recruiting strategy development. Laurence Capital was acquired by Achievers in June 2015. Laurence Capital is a Waterloo-based company that was founded by Peter Schwartz.
Stages: Early Stage Venture, Seed
Location: Waterloo, Ontario, Canada, North America
Industries: Banking, Enterprise Software, Impact Investing
Follow:
7 Gate Ventures
7 Gate Ventures is an early-stage venture capital firm investing in early-stage startups from Seed to pre-Series A in the technology industry, with a sector focus on software, SaaS, cloud services, marketplaces, mobile apps and solutions, Big Data/Analytics, Blockchain, FinTech, and HealthTech. Assembled by a group of serial entrepreneurs specializing in tech, operational expertise, and venture capital. 7 Gate Ventures brings key industry connections, decades of international venture-building experience and foresight to effectively strategize, mentor, and scale new businesses. 7 Gate Ventures was founded in 2015 and is headquartered in Vancouver, Canada.
Stages: Early Stage Venture, Seed
Location: Vancouver, British Columbia, Canada, North America
Industries: Cloud Data Services, E-Commerce, FinTech, SaaS, Software, Venture Capital
Follow:
Fastbreak Ventures
Pre-Seed and Seed Stage Venture Investing We aim to lead the first institutional round for exceptional founders building highly scalable software platforms. We leverage our experience as founders and operators along with customer connections to accelerate the growth of our portfolio companies.
Stages: Early Stage Venture, Seed
Location: Toronto, Ontario, Canada, North America
Industries: Information Technology, Software, Venture Capital
Follow:
JOLT
JOLT are experienced entrepreneurs and company builders looking to support and invest in Canada’s most passionate innovators. They invest in great ideas that leverage technology to improve the way people live, learn, work and play.
Stages: Seed
Location: Toronto, Ontario, Canada, North America
Industries: E-Commerce, EdTech, Enterprise Software, Internet, Internet of Things, Mobile
Follow:
Propulsion Ventures
Propulsion Ventures is a Telesystem-sponsored venture capital firm that invests in early-stage software companies in Canada. It was founded in 1995 with offices in Montreal, Boston, London, and Johannesburg. The founding partners of Propulsion have grown their impressive track record in managing multiple funds into a solid reputation for providing skilled support to entrepreneurs. The Montreal-based firm is widely considered an investor of choice in the Montreal, Ottawa, Toronto and Quebec City markets. In 2005, Propulsion received the “Deal of the Year Award” from the Canadian Venture Capital Association.
Stages: Early Stage Venture, Seed
Location: Montréal, Quebec, Canada, North America
Industries: Finance, Financial Services, SaaS, Software, Venture Capital
Follow:
METABRIDGE
Each year Metabridge selects the most innovative, Scale-up technology companies from hundreds that apply across the country to join their program. This is an extremely competitive process and each successful founder is recognized and showcased at the Metabridge LIVE event in the Beautiful Okanagan Valley of British Columbia, Canada. Founders are placed into interactive programs and introduced to invite-only influencers to help take their company to the next level. Since 2008, 21 of the Metabridge Top Founders have been acquired and over $785M in investment has been raised by alumni. The Metabridge Mentorship Program will help you navigate inevitable challenges + guide you to through potential growth opportunities. Our program provides a confidential sounding board, 1-on-1 thinking room with a dedicated Mentor, + support for working through crucial + often complex decisions.
Stages: Early Stage Venture, Non Equity Assistance, Seed, Venture
Location: Kelowna, British Columbia, Canada, North America
Industries: Consulting, Information Technology, Professional Networking, SaaS, Social Entrepreneurship, Software, Venture Capital
Follow:
TELUS Pollinator Fund for Good
The $100-million TELUS Pollinator Fund for Good is one of Canada’s largest corporate impact funds, powering the boldest, bravest ideas by for-profit startups that are dedicated to driving social innovation and building tech for good. In support of the UN Sustainable Development Goals, the Fund invests in the next generation of entrepreneurs who are addressing the biggest challenges in health, education, agriculture and the environment – connecting them with the resources and capital they need to grow and thrive. The TELUS Pollinator Fund for Good showcases TELUS’ long-standing commitment to leverage its world leading technology to create meaningful change and make the world a better place.
Stages: Early Stage Venture, Seed
Location: Vancouver, British Columbia, Canada, North America
Industries: Finance, Financial Services, Health Care, Software
Follow:
Lalotte Ventures
Lalotte Ventures is an early stage venture capital fund, part of the Garber/Boucher Family Office, investing and empowering entrepreneurs in emerging technologies across Sports, Media and Entertainment. We focus on startups across North America and Israel who have already successfully launched a product, have demonstrated early revenue and need further investments to pursue growth.
Stages: Early Stage Venture, Seed
Location: Montréal, Quebec, Canada, North America
Industries: Gambling, Gaming, Media and Entertainment, Software, Sports
Follow:
Badhouse Ventures
Badhouse Ventures is a boutique VC that invests first, Pre-Seed, and supports founding teams with beta-version software products and platforms (SaaS, AI, web3). It focuses on startups in Canada, primarily west of Toronto/Waterloo. The investment thesis is centered on increasing the chance of founder success by providing hands-on support by a network of former startup founders & operators. Thematic areas of focus: “smarter communities” (the changing nature of work, environmental sustainability, etc.) and “smarter data systems” (security, traceability, decentralization, etc.).
Stages: Early Stage Venture, Seed
Location: Vancouver, British Columbia, Canada, North America
Industries: B2B, Cloud Data Services, Information Technology, Internet, SaaS, Software
Follow:
TeraVault Ventures
TeraVault Ventures comprises of seasoned Entrepreneurs and Angel Investors and Advisors who help Founders build value in their ventures towards an exit via corporate merger or acquisition. Our investing Partners have built and exited from successful technology and ecommerce ventures within 3-5 years of operational growth in the amounts of 13 million (USD), 16 million (CAD), 20 million (UDS), 35 million (GBP), 41 million (GBP), and an IPO of over 200 million (USD) valuation.
Stages: Early Stage Venture, Late Stage Venture, Seed
Location: Vancouver, British Columbia, Canada, North America
Industries: Angel Investment, Information Technology, SaaS, Software, Venture Capital
Follow:
The Narwhal Project
We help emerging technology companies accelerate their growth. Working at the intersection of strategy, marketing and finance we provide companies with the analytical tools to make strategic decisions that will fuel their growth and valuation. We help them figure out the best markets to serve, how to differentiate effectively, ensure product market fit, improve unit economics and raise capital.The Narwhal Project was also established to conduct research in order to discover the underlying factors that are essential to create world-class technology companies. Our objective is to understand how companies can accelerate their growth and how governments, companies, and academia can identify and adopt best practices in technology commercialization.
Stages: Seed
Location: Toronto, Ontario, Canada, North America
Industries: CleanTech, Medical Device, Software
Follow:
Sprout.vc
Sprout.vc is a seed-stage venture capital firm focused on SaaS and B2B companies. The firm is based in Edmonton, Alberta, Canada.
Stages: Seed
Location: Edmonton, Alberta, Canada, North America
Industries: Artificial Intelligence, B2B, Machine Learning, SaaS, Software, Venture Capital
Follow:
SOVAR
SOVAR’S MISSION is to generate economic and social development by accelerating the emergence, development and deployment of responsible technological and social innovations stemming from cutting-edge research. SOVAR’s mandate is to: – Identify high-potential innovation projects – Raise awareness of researchers and graduate students about market opportunities – Seeking companies that have innovation needs – Assess and select the most promising projects – Facilitate the transfer of innovations from the lab to market, by offering personalized expertise and support to inventors and entrepreneurs to advance the development, commercialization and deployment of promising innovations and solutions for the society
Stages: Seed
Location: Quebec, Quebec, Canada, North America
Industries: Information Technology, Management Consulting, Software, Technical Support
Follow:
Public Incubator
Public Incubator is a business incubation platform for emerging startups and entrepreneurs to turn their ideas into successful businesses. Its intuitive design and sophisticated thought-provoking incubation tools provide a guided approach to developing a seed idea, fostering an entrepreneurial mindset and innovative thinking. It also brings together founders, advisors, and Investors from around the world under one roof and acknowledges that they all are the constituents of a thriving startup ecosystem. Public Incubator was founded in 2019 and is headquartered in Toronto, CA.
Stages: Early Stage Venture, Seed
Location: Toronto, Ontario, Canada, North America
Industries: Angel Investment, Business Development, Consulting, Education, Incubators, Information Services, Information Technology, Internet, Software
Follow:
Knowware Venture Capital
Knowware Venture Capital is a pre-seed/seed venture fund focused on immersive, emerging and enabling technologies. The fund is primarily focused on providing resources to grow startups in Canada, but is not limited to any nation.
Stages: Seed
Location: Vancouver, British Columbia, Canada, North America
Industries: Artificial Intelligence, Hardware, Software, Venture Capital
Follow:
