Top VCs for Canadian startups
Updated 23 Oct 2026
1,702
Startups in Canada with investors recorded
227
VCs backing 3 or more
39 / 50
Of the top list based in Canada
Venture capital firms
| # | Investor | Based in | Startups | Since 2024 | Best-funded companies |
|---|---|---|---|---|---|
| 1 | Inovia Capital | Montréal, Canada | 62 | 17 | Wealthsimple, Neo Financial, Top Hat |
| 2 | MaRS Investment Accelerator Fund | Toronto, Canada | 57 | 6 | Fiix Software, Perspecsys, Marble |
| 3 | Real Ventures | Montréal, Canada | 47 | 2 | FundThrough, Hubba, Unbounce |
| 4 | Business Development Bank of Canada | Montréal, Canada | 43 | 9 | FISPAN, VEERUM, Revelate |
| 5 | Panache Ventures | Montréal, Canada | 36 | 4 | FISPAN, Beatdapp, SoleSavy |
| 6 | Investissement Quebec | Quebec, Canada | 34 | 13 | Nesto, MEDFAR Clinical Solutions, LANDR |
| 7 | Golden Ventures | Toronto, Canada | 27 | 5 | Terminal, Marble, Shakudo |
| 8 | Right Side Capital Management | San Francisco, United States | 26 | 2 | Shabodi, Tango, The OWL Solutions |
| 9 | Desjardins Venture Capital | Lévis, Canada | 23 | 2 | Breathe Life, PreVu3D, Pathway Medical |
| 10 | Garage Capital | Waterloo, Canada | 21 | 6 | Shakudo, CommerceBear, Friendlier |
| 11 | Alumni Ventures | Manchester, United States | 20 | 9 | Knix Wear, ODAIA, Astrus |
| 12 | Antler | Singapore, Singapore | 19 | 9 | Chexy, shuriii, ZofiQ |
| 13 | Fonds de solidarité FTQ | Montréal, Canada | 19 | 6 | LANDR, Stradigi AI, Ability biologics |
| 14 | New Brunswick Innovation Foundation | Fredericton, Canada | 18 | 5 | Alongside, MedReddie, ASETS |
| 15 | Innovacorp | Halifax, Canada | 18 | 3 | 3D BioFibR, Carbide, Swept |
| 16 | N49P | Toronto, Canada | 17 | 4 | Visualping, Mave, Kento Health |
| 17 | OMERS Ventures | Toronto, Canada | 17 | 1 | Jobber, D2L, Bold Commerce |
| 18 | FJ Labs | New York, United States | 16 | 7 | Neo Financial, Clutch, OneVest |
| 19 | FundersClub | San Francisco, United States | 16 | 6 | Humi, Tread, Bonfire Interactive |
| 20 | SOSV | Princeton, United States | 16 | 6 | Avidbots Corp., Mechasys, BryoSphere |
| 21 | Relay Ventures | Toronto, Canada | 15 | 5 | Blue J, 7shifts, The Curling Group |
| 22 | Yaletown Partners | Vancouver, Canada | 15 | 2 | Showbie, Indicee, Mover |
| 23 | WUTIF | Vancouver, Canada | 14 | 3 | Levr.ai, Guard RFID Solutions, Keela |
| 24 | Mistral Venture Partners | Ottawa, Canada | 14 | 1 | Klipfolio, Visualping, Relogix |
| 25 | GrowthWorks Capital | Vancouver, Canada | 14 | 0 | Perspecsys, Verold (zyenti), Sysomos |
| 26 | Radical Ventures | Toronto, Canada | 13 | 5 | Waabi, Acerta Analytics, Marble |
| 27 | Brightspark Ventures | Montréal, Canada | 13 | 4 | Hubba, Optable, Elevate Farms |
| 28 | Accelerate Fund | Calgary, Canada | 13 | 3 | Helcim, FREDsense, Leankor |
| 29 | Archangel Network of Funds | Kitchener, Canada | 13 | 3 | Rocket Doctor, Wavy, Mesosil |
| 30 | Round13 Capital | Toronto, Canada | 13 | 1 | HiMama, Bold Commerce, Statflo |
| 31 | Toronto Innovation Acceleration Partners | Toronto, Canada | 12 | 5 | Radiant Biotherapeutics, Grey Matter Neurosciences, Quantum Bridge |
| 32 | BEST Funds | Toronto, Canada | 12 | 0 | Coreworx, GroupBy, SAND |
| 33 | The 51 Ventures | Calgary, Canada | 11 | 3 | Haloo, Mercator AI, True Angle |
| 34 | Graphite Ventures | Toronto, Canada | 10 | 6 | Brickeye, Cavelo, Raven Connected |
| 35 | Ripple Ventures | Toronto, Canada | 10 | 5 | Cognota, Asepha, Artemis |
| 36 | Globalive | Toronto, Canada | 10 | 4 | Statflo, 3D BioFibR, Workwolf |
| 37 | BDC Capital Corporation | Wakefield, United States | 10 | 3 | Radiant Biotherapeutics, Muse, Mobify |
| 38 | Bessemer Venture Partners | San Francisco, United States | 10 | 2 | Clio, Daylight, SoleSavy |
| 39 | Celtic House Venture Partners | Toronto, Canada | 10 | 0 | Raven Telemetry, FileFacets, Snappy |
| 40 | Luge Capital | Montréal, Canada | 9 | 4 | Cybrid, Senso.ai, Livescale |
| 41 | Global Founders Capital | Berlin, Germany | 9 | 3 | Clutch, AutoLeap, Shakudo |
| 42 | Boost VC | San Mateo, United States | 9 | 2 | 7shifts, Flipside XR, Shakepay |
| 43 | Diagram Ventures | Montréal, Canada | 8 | 5 | Nesto, Breathe Life, Collage HR |
| 44 | 2048 Ventures | New York, United States | 8 | 3 | Passage, Enurgen, Daily Blends AI |
| 45 | LOI Venture | Vancouver, Canada | 8 | 3 | Deskree, Unified API, sipply |
| 46 | Bluesky Equities | Calgary, Canada | 8 | 2 | ZayZoon, Chata.ai, Decisive Farming |
| 47 | Two Small Fish Ventures | Toronto, Canada | 8 | 2 | Hubba, #Paid, Joyride |
| 48 | Rhino Ventures | Vancouver, Canada | 8 | 1 | FISPAN, Beanworks, Showbie |
| 49 | York Angels Investors | Toronto, Canada | 8 | 0 | Manzil, Brew Ninja, Knowledgehook |
| 50 | Concrete Ventures | Halifax, Canada | 7 | 4 | 3D BioFibR, PayTic, SalesRight |
Venture capital firms by startups in Canada in their portfolio. Source: FundingWatcher. Data as of 23 October 2026. Base: 1,702 startups.
Accelerators, incubators and public funders
| # | Investor | Type | Based in | Startups | Since 2024 |
|---|---|---|---|---|---|
| 1 | BDC Venture Capital | Government investment office, Venture capital firm | Calgary, Canada | 121 | 23 |
| 2 | Techstars | Startup accelerator, Venture capital firm | New City, United States | 88 | 12 |
| 3 | Y Combinator | Startup accelerator | Mountain View, United States | 65 | 15 |
| 4 | NEXT Canada | Startup accelerator | Toronto, Canada | 63 | 6 |
| 5 | Ontario Centres of Excellence | Startup accelerator, Angel group, Venture capital firm | Toronto, Canada | 59 | 2 |
| 6 | DMZ | Startup accelerator, Startup incubator | Toronto, Canada | 56 | 3 |
| 7 | Plug and Play | Startup accelerator, Co-working space, University program, Venture capital firm | Sunnyvale, United States | 52 | 30 |
| 8 | Export Development Canada | Government investment office | Ottawa, Canada | 42 | 15 |
| 9 | Newchip Accelerator | Startup accelerator, Startup incubator, Venture capital firm | Austin, United States | 30 | 4 |
| 10 | Accelerator Centre | Startup accelerator | Waterloo, Canada | 29 | 9 |
| 11 | 500 Global | Startup accelerator, Micro VC fund, Venture capital firm | Palo Alto, United States | 27 | 3 |
| 12 | Velocity | Startup incubator | Waterloo, Canada | 27 | 3 |
| 13 | FounderFuel | Startup accelerator | Montréal, Canada | 23 | 2 |
| 14 | Forum Ventures | Startup accelerator, Venture capital firm | New York, United States | 21 | 7 |
| 15 | AQC Capital | Government investment office, Startup incubator | Montréal, Canada | 21 | 3 |
| 16 | Centech | Startup accelerator, Entrepreneurship program, University program | Montréal, Canada | 19 | 8 |
| 17 | UCeed | Startup incubator, Venture capital firm | Calgary, Canada | 19 | 7 |
| 18 | Next AI | Startup accelerator | Montréal, Canada | 19 | 3 |
| 19 | L-SPARK | Startup accelerator, Entrepreneurship program, Startup incubator | Ottawa, Canada | 18 | 5 |
| 20 | ACET Capital | Startup accelerator | Sherbrooke, Canada | 17 | 9 |
Accelerators, incubators and government investors by startups in Canada. Source: FundingWatcher. Data as of 23 October 2026. Base: 1,702 startups.
Method
A startup counts for an investor when the investor is among the investors recorded for the company across all its rounds. The startups are companies headquartered in Canada whose most recent round is pre-seed, seed, angel or Series A through J. "Since 2024" counts the companies whose most recent round is dated 1 January 2024 or later. Venture capital firms are investors typed as venture capital or micro VC and not also as accelerator, incubator or government office. An investor needs 3 companies to be ranked. Ties go to the higher count since 2024. Best-funded companies are the three with the most total funding.
Other countries
United States3,096
China574
United Kingdom438
Germany303
India263
France219
Israel168
Singapore166
South Korea137
Japan130
Brazil111
Australia102
Spain84
The Netherlands78
Switzerland66
Mexico54
Indonesia47
Poland45
Sweden44
United Arab Emirates40
Turkey40
Italy36
Finland36
Denmark31
Saudi Arabia28
Belgium26
Cite: FundingWatcher, top vcs for canadian startups, 23 October 2026. https://fundingwatcher.com/investors/top/canada/