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Top 10 VC Investors in Toronto
Toronto has one of the youngest and fastest-growing startup ecosystems in Canada, it is home to some of the largest pre-seed and seed stage funds in North America, notable accelerators and incubators, as well as many startup friendly corporate venture arms.
This article is part of a series where we present you the best Venture Capital firms across different cities and countries. Here you can view the rankings for Vancouver and Ottawa.
1. MaRS Investment Accelerator Fund
MaRS Investment Accelerator Fund (IAF) is an early stage venture capital firm based in Toronto. Since 2008, we have partnered with over 150 companies built by extraordinary founders.
Website: https://www.marsiaf.com/
Founded: 2008
Total fund size: $60.5M
MaRS Investment Accelerator Fund's most notable exits include Axonify, Fiix Software, and Rubikloud.
2. Relay Ventures
Relay Ventures is an early-stage venture capital fund focused on industries with the potential for growth, fuelled by the rapid adoption of technology. Our team is what makes us, and we take pride in the diversity of professional and academic experiences our team offers. Our offices can be found in Toronto and Calgary, but you can find our wide network of portfolio companies spread all across North America. As a group, we got our start back in 2008, since then we’ve been giving driven founders theirs.
Website: https://relayventures.com/
Founded: 2008
Total fund size: $15M
Relay Ventures has made 174 investments (June 2022)
3. Paradigm Capital
Paradigm is an independent, research-driven investment dealer. Our sales and trading desk focuses on companies we cover. Our investment banking team provides innovative and attentive service. We believe that teamwork and long-term relationships are the key to exceptional success and growth.
Our team works as a team, and wins as a team. Peers and clients alike develop long-term relationships that sustain through thick and thin. Our culture creates an environment that is applauded by staff and clients alike.
Website: https://www.paradigmcap.com/
Founded: 1999
Paradigm Capital's most notable exits include Zymeworks, VitalHub, and Sphere 3d.
4. Golden Ventures
Golden Ventures is a seed-stage venture capital fund that supports founders. It specializes in the fields of seed-stage, venture capital, mobile, marketplaces, and early stage. Golden Ventures was founded in 2011 and headquartered in Toronto, Ontario.
Website: https://www.golden.ventures/
Founded: 2011
Total fund size: $230M
Most notable exits include Joist, SkipTheDishes, and Inkbox.
5. Loyal VC
Loyal is a tech and impact fund unlike any other. Our global partners and transparent process work together to minimize systemic bias inherent in early-stage venture capital and unlock greater returns.
We are an open-ended fund offering flexible redemptions and opportunities that investors and entrepreneurs need now. It’s how respect is earned, honesty is appreciated, trust is gained, and loyalty is returned.
Website: https://loyal.vc/
Founded: 2018
Number of Investments: 225+
6. OMERS Ventures
Launched in 2011, OMERS Ventures is the venture capital arm of OMERS, the pension plan for Ontario’s municipal employees. Series A-C transatlantic investor in high-growth, disruptive tech companies & operates across Canada, Europe and the United States.
Website: https://www.omersventures.com/
Founded: 2011
Total fund size: $1.9B
OMERS Ventures's most notable exits include Shopify, Embark Trucks, and Wave.
7. Georgian
Georgian is a fintech company that invests in high growth software companies that harness the power of data in a trustworthy way. They're building a platform to provide a better experience of growth capital to software company CEOs and their teams.
Website: https://georgian.io/
Founded: 2008
Total fund size: $2B
Georgian's most notable exits include Shopify, Armis Security, and DISCO.
8. Celtic House Venture Partners
Drawing from our operational SMB SaaS expertise and experience as one of Canada’s most active investors in technology and innovation, we work with exceptional founding teams to build category-leading companies. We engage with emerging teams with strong track records and a data-driven mindset to apply new, cloud-based technologies to the evolving needs of businesses.
These collective efforts have created over 75 technology companies and have resulted in over 25 IPO and M&A transactions in the past 20 years.
Website: https://www.celtic.vc/
Founded: 1994
Total fund size: $463M
Celtic House Venture Partners's most notable exits include Micron Technology, Sandvine, and Coherent Path.
9. Lumira Ventures
Lumira executes a consistent, proven investment strategy as a lead investor and active partner with our portfolio companies. We focus on companies whose products offer transformative (not incremental) improvements to patient health outcomes, and the promise of dramatic reductions in the cost of healthcare delivery. Our Canadian heritage helps us “skate to where the puck is going to be,” investing in the new science and clinical insights that we expect will be driving the next decade of patient care.
Website: https://www.lumiraventures.com/
Founded: 1989
Total fund size: $764M
Lumira Ventures's most notable exits include Zymeworks, Corvia Medical, and Aurinia Pharmaceuticals.
10. Portage Ventures
Portage Ventures aims to invest in and build the world’s most innovative financial technology companies from early-stage, to growth and beyond.
Our portfolio benefits from our deep entrepreneurial experience, industry knowledge and full access to our investors, value creation platform, and global ecosystem.
Portage is the venture platform of Sagard, a multi-strategy alternative asset manager.
Website: https://portagevc.com/
Founded: 2016
Total fund size: $799M
Portage Ventures's most notable exits include Wave, Neat, and Limelight Health.
