The Top Venture Capital firms in Toronto

In this article, we will explore Toronto's top 10 venture capital firms, known for their active involvement in supporting startups and driving forward the spirit of entrepreneurship in the region.

Toronto, the largest city in Canada, has become a hotbed for innovation and entrepreneurship, attracting venture capital firms from around the world seeking to invest in its diverse and dynamic startup ecosystem.


Toronto's booming tech landscape and entrepreneurial ethos have attracted premier venture capital firms from all over the globe. These top 10 venture capital firms in Toronto are at the helm of fostering innovation and entrepreneurship in the region, providing vital funding, mentorship, and assistance to startups. Through their investments and partnerships, these firms are significantly influencing the future of technology and commerce in Toronto's dynamic and inventive city.

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Framework Venture Partners

Framework Venture Partners is a venture capital firm based in Toronto, Canada, that focuses on investing in early-stage technology companies across North America. The firm is dedicated to supporting innovative startups that leverage data and technology to solve complex problems and drive meaningful impact in their industries. With a strong emphasis on fintech, digital health, and enterprise software, Framework Venture Partners seeks to partner with forward-thinking entrepreneurs who are building the next generation of market-leading companies.

Framework Venture Partners offers more than just financial investment. The firm provides strategic guidance, operational expertise, and access to an extensive network of industry experts, advisors, and partners. By working closely with founders, Framework helps startups refine their business models, accelerate growth, and scale effectively. The firm’s data-driven approach to investing ensures that each portfolio company receives the tailored support needed to navigate the challenges of early-stage growth and achieve long-term success.

Whitecap Venture partners

Whitecap Venture Partners is a venture capital firm based in Toronto, Canada, that specializes in investing in early-stage companies across the technology, healthcare, and food sectors. With a focus on businesses that are poised for significant growth and innovation, Whitecap seeks to partner with exceptional founders who are developing disruptive products and services. The firm leverages its extensive experience and deep industry knowledge to provide more than just capital; it offers strategic guidance, operational support, and access to a broad network of industry experts and advisors.

Whitecap Venture Partners has a strong track record of backing companies that go on to become leaders in their fields. The firm takes a hands-on approach, working closely with its portfolio companies to help them refine their strategies, optimize operations, and scale effectively. Whitecap’s team of experienced investors and operators brings a wealth of knowledge to each partnership, ensuring that startups have the support they need to navigate the challenges of early-stage growth and achieve long-term success.

Extreme Venture Partners

Extreme Venture Partners (EVP) is a prominent venture capital firm based in Toronto, Canada, specializing in early-stage investments in technology startups. Since its inception, EVP has focused on backing innovative companies that are leveraging cutting-edge technologies to disrupt traditional industries and create new market opportunities. The firm invests across various sectors, including software, artificial intelligence, mobile applications, and cloud computing, targeting startups that demonstrate strong growth potential and a clear path to scalability.

EVP is known for its founder-first approach, providing more than just financial support. The firm offers strategic mentorship, operational guidance, and access to a robust network of industry experts, advisors, and potential customers. This hands-on support helps portfolio companies navigate the complexities of early-stage growth, refine their business models, and accelerate their paths to market success. By fostering a collaborative environment and building strong partnerships with entrepreneurs, Extreme Venture Partners aims to help startups achieve their vision and become leaders in their respective industries.

Golden Ventures

Golden Ventures is a leading early-stage venture capital firm based in Toronto, Canada, that invests in transformative technology startups across North America. With a strong focus on seed-stage companies, Golden Ventures seeks to partner with visionary founders who are building innovative products and services in sectors such as consumer technology, digital health, fintech, and enterprise software. The firm is known for its hands-on approach, working closely with portfolio companies to provide strategic guidance, operational support, and access to a broad network of industry experts and investors.

Golden Ventures is committed to fostering a thriving entrepreneurial ecosystem and is actively involved in supporting the growth of the tech community in Canada and beyond. The firm leverages its extensive experience and deep understanding of the startup landscape to help founders navigate the challenges of early-stage growth, scale their businesses, and achieve long-term success. Through its dedicated team of experienced investors and operators, Golden Ventures aims to back companies that have the potential to become leaders in their respective industries and make a significant impact on the global market.

Igan partners

iGan Partners is a Canadian venture capital firm that focuses on investing in early-stage healthcare and technology companies. Based in Toronto, iGan Partners provides capital, strategic guidance, and mentorship to startups developing innovative medical devices, digital health solutions, and enterprise software. The firm leverages its deep industry expertise and extensive network to help portfolio companies navigate the complexities of scaling, accelerate growth, and bring groundbreaking technologies to market.

With a track record of success, iGan Partners has created numerous jobs, made significant investments, and holds a portfolio of diverse healthcare companies. The firm prides itself on supporting and empowering scientists, inventors, and founders, not just through investments but also by nurturing their growth and success.

OMERS Ventures

OMERS Ventures is a global early-stage tech investor founded in 2011 with a mission to help founders achieve success while ensuring their businesses make a positive impact on real people. Operating across Canada, Europe, and the United States, OMERS Ventures actively seeks innovative ideas and provides invaluable resources to its portfolio companies. The venture fund is committed to investing in Series A to C companies with an initial investment size ranging between $5 million and $25 million.

Underpinning its strategy is the belief that understanding the markets in which they invest, as well as the founders building in these spaces, enables them to identify potential success stories efficiently. As the venture capital arm of OMERS, one of Canada's largest pension funds managing net assets valued at $127 billion, OMERS Ventures leverages this robust backing to support tech pioneers navigating uncharted territories.

OMERS Ventures is focused on backing technology disruptors across a variety of industries. Their portfolio is diverse and spans across sectors including software, fintech, healthcare, transportation, and digital media, among others. Notable investments include Shopify, DuckDuckGo, Hootsuite, Hopper, and Waabi. The fund has also invested in emerging disruptors such as Medal.tv, Fonoa, Vidyard, and TouchBistro, demonstrating their commitment to identifying and supporting the next wave of groundbreaking companies.

Dedicated to fostering growth and innovation, OMERS Ventures helps their portfolio companies by answering questions, providing guidance, and connecting entrepreneurs with the right people. Whether it's through mentoring, strategic advice, or networking opportunities, OMERS Ventures strives to aid founders in scaling their businesses. They are constantly on the lookout for ambitious founders building software businesses with vast potential, inviting them to start their journey with OMERS Ventures.

Moreover, OMERS Ventures' success is reinforced by its association with OMERS, a well-respected global player with over 60 years of experience in managing retirement income for over half a million municipal employees in Ontario. This association not only provides a strong financial foundation but also underscores their commitment to generating significant returns that benefit a large community.

For more information about OMERS Ventures and their portfolio of groundbreaking companies, visit their website at https://omersventures.com.

Real Ventures

Real Ventures is a pioneering early-stage venture capital firm dedicated to cultivating the Canadian startup ecosystem. Established in 2007, the firm is headquartered in Montreal, Quebec, and has garnered a reputation for its unwavering commitment to supporting daring entrepreneurs who drive innovation across various industries. Real Ventures operates on the fundamental belief that people, not money, are the cornerstone of building game-changing companies.

With $325 million under management across five funds and a vibrant portfolio of over 100 companies valued at $10 billion, the firm offers stage-specific guidance, mentorship, and access to extensive networks and resources aimed at fast-tracking both personal and company growth. The firm’s philosophy focuses on nurturing entrepreneurs from day one, helping them scale as they propel their businesses forward. Real Ventures has a distinctive commitment to serving the startup community by providing comprehensive support beyond mere financial investment.

Their investment and operations teams possess deep, firsthand experience in the startup world, making them uniquely equipped to assist founders in overcoming challenges and accelerating their companies to the next level. Real Ventures’ portfolio showcases a diverse array of industries, highlighting their versatility and expansive reach. Notable investments include XpertSea, which is revolutionizing the global aquaculture industry to improve seafood farming practices; Tenstorrent, an enabler of a new era in Artificial Intelligence; Mejuri, offering fine jewelry for everyday wear; Sonder, transforming how people stay in their favorite neighborhoods around the world; and BenchSci, significantly reducing drug discovery timelines and revolutionizing the healthcare sector.

As Canada’s leading early-stage VC firm, Real Ventures is dedicated to serving not just entrepreneurs but also the broader communities where these startups thrive. By providing a blend of financial backing, mentorship, and access to valuable resources, the firm effectively nurtures the ecosystems required for startups to flourish. This comprehensive support system fosters innovation and development, driving both economic and societal benefits.

Real Ventures is more than a venture firm; it is a catalyst for change, guided by experienced professionals who have lived through the startup journey themselves. Their holistic approach to venture capital ensures that founders are not just financially supported but are also given the tools and insights needed to grow both personally and professionally. With their formidable team and carefully curated portfolio, Real Ventures continues to pave the way for the next generation of Canadian technology leaders who are building the future.

For more insights, news, and industry updates, subscribe to their monthly newsletter, featuring in-depth articles and fundraising deep dives. Visit Real Ventures at https://realventures.com/.

Brightspark Ventures

Brightspark Ventures is a distinguished venture capital firm based in Toronto, Ontario, Canada, specializing in investing in top emerging tech companies. With over 20 years of industry experience, the firm leverages a vast network, strong reputation, and extensive industry expertise to identify and support promising startups. Brightspark's investment portfolio spans a wide range of technology sectors, each chosen for their potential to disrupt and lead their respective markets. The firm prides itself on providing strategic investments, often entering during the pre-Seed to Series A stages.

Brightspark is known for its early investments in notable companies such as Hopper, a leading travel app; Elevate Farms, renowned for revolutionizing vertical farming; and Deep Sky, which focuses on scalable carbon dioxide removal systems. Brightspark stands out for its unique investment model that democratizes venture capital by offering accredited investors access to its opportunities through fully-automated tech platforms and Special Purpose Vehicles (SPVs). It's noteworthy for transforming venture capital norms by making it more accessible to a broader range of investors.

Their investor relations team is world-class, supported by ongoing educational initiatives designed to keep tech investors informed and engaged. The firm has a storied history that traces back to 1988 with the founding of Delrina Corporation, one of Canada's pioneering software companies. This legacy of innovation continues with impactful investments and a strategic approach that has generated significant returns. Notable exits include the acquisition of Radian6 by Salesforce and Protecode by Synopsis.

Brightspark's commitment to fostering the next generation of tech leaders is evident in their sustained investment activities and their launch of the Brightspark Canadian Opportunities Fund I in 2020, which capitalized on the momentum in the Canadian tech market. Additionally, Brightspark emphasizes the importance of risk management, advising potential investors of the inherent risks in venture capital, including potential loss of capital and illiquidity. This makes it crucial for investors to consult professional advisors before making investment decisions. With a mission to back exceptional Canadian early-stage tech companies, Brightspark Ventures offers a unique value proposition to both investors and startups looking to make a significant impact in the tech ecosystem.

Georgian Partners

Georgian is a cutting-edge venture fund that invests in high-growth B2B software companies, with a primary focus on applied AI, conversational AI, trust, and product-led purpose. Established in 2008 and headquartered in Toronto, Georgian manages an impressive US$5.6 billion in assets as of December 31, 2023. This venture fund is uniquely positioned at the intersection of technology and investment, offering a blend of financial support and technological expertise to its portfolio companies. The team at Georgian is composed of diverse professionals, including investors, machine learning experts, software entrepreneurs, and seasoned operators, all dedicated to driving significant value and growth for their investments.

One of Georgian’s standout features is its innovative approach to leveraging data and advanced technology to overcome growth-stage challenges. The firm is renowned for creating its own suite of over 15 toolkits and code repositories, designed to help its portfolio companies integrate AI and generative AI technologies to enhance their product offerings and differentiate themselves in the market. Language underpins Georgian's ethos, as demonstrated by the proprietary AI product, Georgian Grow, which aids companies in identifying and maximizing sales opportunities.

Georgian's involvement extends beyond financial backing; it seeks to build an ecosystem of knowledge and support through initiatives like the Growth Network, a closed digital community with over 2000 members that fosters learning and collaboration among executives and employees of high-growth companies. To further showcase its commitment to adding value before investment, Georgian offers the CoLab program, a freemium model that allows potential portfolio companies to experience the firm's range of value-add services before formalizing a partnership.

Notably, Georgian’s investments reflect its commitment to cutting-edge technological solutions. Recent ventures include leading a $35M fundraise for Coder and investing in SurrealDB, illustrating the firm’s belief in the transformative potential of modern, data-centric technologies. As a fintech, Georgian leverages advanced technology to innovate and solve common growth-stage challenges, amplifying the success of its 'customers'—a term the firm uses endearingly to describe its portfolio companies. This approach has solidified Georgian’s reputation as a premiere venture fund, merging investment acumen with technological innovation to foster substantial market impact and sustained growth.

Relay Ventures

Relay Ventures is an early-stage venture capital firm dedicated to investing in innovative entrepreneurs who are disrupting and creating new markets through mobile technologies. Unlike many other venture funds, Relay Ventures has carved out a distinct niche by exclusively focusing on software for mobile devices and the interconnected internet. This specialization allows the firm to develop an unparalleled set of networks and resources that tangibly aid founders in building world-class companies.

With offices located in Toronto and Calgary, Relay Ventures is active throughout North America, offering a strong regional presence coupled with extensive industry expertise. The firm aims to support innovative companies at their earliest stages, facilitating the introduction of transformative technologies to the market and ensuring their sustained growth and success.

Since its founding in 2008, Relay Ventures has backed a range of notable ventures across various industries. These include Urbantech, which focuses on software and hardware systems for autonomy, robotics, and mobility that assist humans in their daily lives; Proptech, which involves emerging technologies impacting the real estate value chain; Fintech, which reimagines financial transactions across sectors like insurance, wealth management, and consumer banking; and Sportstech, which intersects with the realms of sports, media, fitness, and gaming.

The firm's portfolio includes impressive success stories such as QuickPlay Media, Q9 Networks, Jelli, Kira Talent, theScore, and ecobee. For instance, Relay's involvement with QuickPlay began in the early 2000s and continued through multiple rounds of financing until its acquisition by Madison Dearborn Partners. Another example is theScore, which benefitted from Relay's support through various financing stages before its acquisition by Penn National Gaming.

Relay Ventures takes pride in being the first money and putting founders first, working closely with entrepreneurs throughout the lifecycle of their companies. The firm remains committed to investing in ideas that challenge conventional wisdom and solve major pain points within large markets, positioning themselves to drive rapid growth.

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