Posted on
August 29, 2022

Top 5 VC Investors in Ottawa

Maximilian Fleitmann
CEO of BaseTemplates
👉 Full List of 7000+ VC investors - Download now!

After working with startups at the University of Ottawa and helping companies like Omniata and NetSuite, I was able to get connected to the startup ecosystem in Ottawa. During this time, I had been talking to different investors who were interested in the local companies that could be game-changers to their portfolios.

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 Montreal, Toronto and Vancouver.

Run your fundraise in our Notion Investor CRM - Download now!

Top Venture Capital Firms in Ottawa

1. Sustainable Development Technology Canada

Sustainable Development Technology Canada VC - Ottawa

At Sustainable Development Technology Canada (SDTC), they fund Canadian cleantech projects and coach the companies that lead them as they move their ground-breaking technologies to market.

SDTC’s support of cleantech translates into jobs, growth, and export opportunities for Canadian companies, as well as economic, environmental and healthbenefits for all Canadians.

They are independent but don’t work alone. A big part of their role is building and sustaining networks of partners and stakeholders from private industry, academia and governments, at home and abroad. They operate at arm’s length and receive funding from the Government of Canada.


Founded: 2001

Sustainable Development Technology Canada's most notable exits include Meta Materials, Farmers Edge, and Hydrogenics.

2. Heron Rock Fund

Heron Rock Fund VC - Ottawa

The Heron is known for its patience, standing still until the exact right moment to strike. Heron Rock is a physical place, a rock outside our office where a Heron often chooses to rest, when not hunting.


Founded: 2014

Heron Rock Fund's most notable exits include Grove Collaborative, Circle Media, and Joist.

3. Mistral Venture Partners

Mistral Venture Partners VC - Ottawa

Mistral Venture Partners is a seed-stage venture capital firm that invests in early-stage technology companies. The firm invests in startups that solve critical business problems, regardless of the business model– enterprise software, B2B SaaS, marketplaces, etc. It also partners with founders who value experience, commitment, and the highest standards of integrity and respect.


Founded: 2013

Total fund size: CA$103M

Mistral Venture Partners's most notable exits include CloudCheckr, Foko Retail, and CENX.

4. PSP Investments

PSP Investments VC - Ottawa

PSP Investments is one of Canada’s largest pension investment managers, with $116.8 billion of assets under management as at March 31, 2016. We invest funds for the pension plans of the Public Service, the Canadian Armed Forces, the Royal Canadian Mounted Police and the Reserve Force.

Our skilled and dedicated team of more than 600 professionals manages a diversified global portfolio including stocks, bonds and other fixed-income securities, and investments in Private Equity, Real Estate, Infrastructure, Natural Resources and Private Debt.

Our business offices are in Montreal, New York, London and Luxembourg. Our head office is in Ottawa.


Founded: 1999

PSP Investments's most notable exits include Lytx, D-Wave Systems, and Alliant Insurance Services.

5. Natural Gas Innovation Fund

Natural Gas Innovation Fund VC - Ottawa

Natural Gas Innovation Fund supports the funding of clean-tech innovation in the natural gas value chain. Created by the Canadian Gas Association, NGIF seeks to fill a technology development gap in the sector and invest in innovation enabling natural gas solutions for current and emerging challenges facing Canada’s energy system.

NGIF was founded in 2016 and is based in Ottawa, Canada.


Founded: 2016

👉 Full List of 7000+ VC investors - Download now!
Like the article? Spread the word
Share on Facebook
Share with LinkedIN
Share on Twitter

Trusted by 3000+ founders

Ready to start your fundraise?

Notion Fundraising Template

Investor CRM

Pitch Deck Builder

Complete Style Guide

Pitch Deck Template

100+ investor approved slides


Works in Powerpoint, Keynote, Slides

Beautiful Design


Pitch Deck Template

Notion Fundraising Template

Financial Model Template

Fundraising Masterclass

by MaxFleit