Two Small Fish Ventures

Toronto, Ontario
EarlyEst. US$60MThe 50: Canadian VC Ecosystem Guide 2026

Investment Thesis

Two Small Fish invests in the next frontier of computing through domain-specific deep AI platforms, physical AI, AI infrastructure, advanced computing hardware, and smart energy. The fund backs hard-tech founders reshaping large-scale behavior by collapsing the cost of intelligence, leveraging an all-engineer partnership team with proprietary deal access.

Focus Areas

Investment Stage
Early

Investment Signals

GeographyCanada-focused
ProvincesON, QC
RoleLead
Revenue Stagepre-revenue ok
Impact MandateYes
Business Modelsdeep-tech, hardware, SaaS, platform, B2B
Won't Invest Inhighly regulated or bureaucratic verticals, regional companies, companies whose core ip falls outside our expertise

Sample Portfolio Companies

Ada (63x, partially realized)
BenchSci (60x, partially realized)
Skip the Dishes (13x, exited)
Printify (44x, partially realized)
Story Protocol (6x)
Ideogram (5x)
Applied Brain Research
ABR
Viggle AI
SureMark Digital
ByteShape
YScope

Management Team

E
Eva Lau
GP & Co-founder
A
Allen Lau
Operating Partner & Co-founder
B
Brandon Zhao
Partner
D
Dr. Albert Chen
Venture Partner

What Makes Us Unique

All four partners are engineers and startup leaders. Proprietary tech for top-tier, hard-to-access deals. Canada's only firm where all Partners are both engineers and operators.

AUM & Sources

Est. US$60M
Assets under management (estimated)
Sources
No public sources found.
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