AIP Private Equity
Toronto, ONFocuses on emerging growth companies primarily in financial services, technology, and resource sectors, providing private equity, private debt, and venture capital.
Toronto hosts 98 venture capital and private equity funds, establishing the city as Canada's dominant investment hub. The investor base here skews heavily toward later-stage capital, with private equity and debt strategies representing 36 of the 98 funds, followed by Series A investors (28 funds) and seed-stage players (26 funds). Growth capital (22 funds) and early-stage specialists (21 funds) round out the active tiers.
Sector concentration is pronounced. HealthTech and Life Sciences dominate with 43 funds focused on this vertical, while SaaS and software attracts 42 funds. FinTech commands 27 funds, CleanTech and Energy 23, AI and Machine Learning 17, and Consumer and Retail 15.
This distribution reflects Toronto's position as a stronghold for tech-forward, regulated-industry investing. The largest and most established players operate at scale that dwarfs most North American competitors. Brookfield Asset Management, headquartered here, manages C$270 billion in assets under management.
Northleaf Capital Partners commands C$37 billion, while Onex Corporation controls C$10.8 billion. Altas Partners Inc. manages C$4.3 billion, focusing on buyouts in services and healthcare. Beyond pure AUM, firms like CIBC Innovation Banking (US$8.7 billion in venture debt) and BMO Capital Partners (US$2.1 billion) represent institutional capital deployed at scale across growth equity, buyouts, and venture debt.
Smaller but specialized players like ArcTern Ventures, which closed Fund III at C$450 million, bring deep focus to cleantech. Amplify Capital operates at US$72 million but concentrates on early-stage climate and health technology. This mixture of megafunds and focused specialists means Toronto investors can support companies across nearly every stage and sector.
The strength in HealthTech and Life Sciences reflects both historical research clusters around the University of Toronto and Mount Sinai Hospital, and steady institutional capital from pension funds and family offices seeking regulated-industry exits. SaaS concentration tracks typical venture patterns, but Toronto's SaaS base tilts toward B2B and enterprise applications rather than consumer software. FinTech presence is outsized for a Canadian city, driven partly by banking infrastructure and regulatory talent concentrated in Toronto's financial district.
CleanTech, with 23 dedicated funds, represents a genuine specialization. ArcTern Ventures exemplifies this, selecting into Canada's VCCI cleantech stream and investing globally in climate technology growth companies. This isn't accident, it reflects policy tailwinds and institutional LPs prioritizing energy transition capital.
Founders raising capital in Toronto should expect a patient but capital-efficient investor base. Of the 59 funds reporting AUM, figures range from C$2 million to C$270 billion, indicating both micro-funds targeting founder-led deals and institutional-scale capital. Early-stage founders will find supply among seed investors like Apex Innovative Investments Ventures (C$35 million, founded 2022) and angel groups like Avro Angels and BKR Capital (US$30 million), which targets Black founders.
Series A rounds attract 28 dedicated funds here, and many institutional investors including BMO Capital Partners and Birch Hill Equity Partners (36 deals across five funds) will participate or lead larger checks. Toronto investors tend to follow rather than lead at seed stage but engage actively in Series A and beyond. Check sizes in the C$500K to C$5 million range are common at Series A, with institutional players writing larger tickets.
Ontario-specific incentives including the Scientific Research and Experimental Development (SR&D) tax credit and the Industrial Research Assistance Program (IRAP) remain valuable for technical founders, reducing burn and extending runway. These programs layer beneath venture capital rather than compete with it, making them relevant for most early-stage HealthTech and deep-tech companies.
Focuses on emerging growth companies primarily in financial services, technology, and resource sectors, providing private equity, private debt, and venture capital.
Invests in small and medium-sized Canadian companies in the business and healthcare services and telecom industries.
North American private equity firm focused on selectively acquiring significant interests in high-quality businesses with meaningful growth potential, primarily in services sub-sectors.
Early-stage impact venture fund focused on transformational technology in Climate and Health solutions.
Toronto-based $35MM venture capital fund founded in 2022 investing in early-stage startups across AI, fintech, SaaS, healthcare, and cleantech across North America and internationally.
Toronto-based VC investing globally in breakthrough clean technology growth companies addressing climate change. Fund III closed at $450M CAD. Selected by Canada VCCI cleantech stream.
An Angel Investment firm built by founders, technologists and pioneers between Canada and the San Francisco Bay Area. Investing in founders who are resilient, creative and humble, specializing in deep
Private equity firm focused on the marketing services and specialty media industry.
Leading Canadian mid-market private equity firm with 5 funds raised and 36 deals recorded.
Black Innovation Funds investing in startups led by founders from the Black Community.
Evergreen investment fund supporting North American mid-market through direct investments and fund investments in buyout, growth equity and VC strategies.
BMO's technology and innovation banking group launched in 2019 providing venture debt and growth financing to Canadian tech companies. Expanded aggressively post-SVB to capture market share.
Company creation studio that builds, buys and makes seed-stage investments in disruptive consumer products.
One of the world's largest alternative asset managers headquartered in Toronto. Invests in technology-enabled growth companies through Brookfield Growth and Technology Growth Partners.
Companies advancing healthy aging, brain health, and dementia care.
Founded in 1980, provides investors with an independent model for portfolio management, committed to employment equity and diversity.
Provides capital to entrepreneurs to fund growth and expansion of mid-market businesses.
Strategic advice, cash management, and flexible capital solutions to innovation companies. Financing from $1M to $100M+.
Family-run private equity firm.
Founded in 1987, top-performing private equity management firm with over C$4B in AUM, focused on owner-led growth-oriented businesses with a collaborative, minority-friendly approach.
Leading Canadian mid-market PE firm investing through buyouts, growth and acquisition financings since 2002.
Companies with proven, deployment-ready climate technologies with near-term profitability.
Founder-friendly PE firm focusing on lower mid-market businesses with a focus on generational transitions and succession planning.
Invest in early-stage B2B enterprise software companies with clear product-market fit and strong Canadian angle.
Canada's first private female-founded VC fund for women entrepreneurs. Addresses systemic underfunding of women-led companies.
Invests in early to growth-stage companies that offer products or services that dramatically improve the profitability of producing or consuming energy.
Provides growth financing to companies based on their tax credits from programs such as SR&ED and digital media; over 542 deals recorded.
Focuses on providing early-stage venture capital and management expertise to startup businesses.
Award-winning commercialization venture firm building companies with entrepreneurs to accelerate oncology innovation, partnered with the Ontario Institute for Cancer Research (OICR).
Investment management firm specializing in infrastructure and real estate, a subsidiary of Fengate Corporation operating since 1974.
Advises and invests in Canada's entrepreneurs, helping promising mid-market companies complete mission-critical transactions including acquisitions, sales, and growth capital injections.
Early stage, emerging and growth-oriented enterprise software companies. Dedicated Enterprise software focus.
Publicly listed provider of flexible growth and alternative capital, supporting revenue-generating, VC-backed, and founder-owned companies seeking growth capital with minimal dilution.
Active capital model in AI-powered vertical SaaS. Focus on proven product-market fit and compelling unit economics.
CoFounds & Funds B2B AI-native SaaS companies with values-driven leaders.
Early-stage life science opportunities in areas of unmet medical need. Company co-creation investment strategy.
Toronto-based growth capital firm founded in 2008, one of Canada's largest investment firms, investing in enterprise software and internet companies with nearly $3B raised across 5 growth funds.
Leading seed-stage venture capital fund based in Toronto, investing across North America with 7 funds raised and 140 deals recorded.
Canada's seed stage VC partner for exceptional B2B founders. Focus on capital efficiency and global scaling.
Early-stage Canadian technology companies making significant impact in existing B2B value chains.
Family office encompassing financial aspects of real estate oversight and family business governance.
Mission to digitize and decarbonize the built environment. Focus on real estate productivity and sustainability.
Venture capital firm specializing in real estate and property technology, investing as early as the pre-seed stage with capital and domain expertise.
Venture capital business focused exclusively on partnering with innovative, early-stage PropTech, BuildTech and CleanTech companies.
Venture studio and VC firm that builds ventures with corporate partners and family offices. Combines venture building with venture investing through VCCI-backed programs.
Growth capital investment firm providing private funding and merchant banking services to a wide variety of businesses at different stages of development.
Toronto-based private equity fund manager focused on buyout opportunities in the Canadian and American mid-market.
Early-stage VC specializing in fintech startups. Invests $1M-$2M per deal as either lead or co-investor at the late seed and early Series A stages.
Focused exclusively on North American enterprise and financial technology companies, with 3 funds raised and 62 deals recorded.
Independent alternative asset management firm (joint venture between Instar Group and AGF Management Limited), with 2 funds and 41 deals.
Fast-growing expansion-stage companies promoting health and sustainability in food and agricultural sector.
Private equity firm focused exclusively on the Canadian lower middle-market in traditional industries including manufacturing, distribution, consumer products and services.
JPMorgan's Canadian innovation economy unit expanding aggressively with 5 dedicated tech bankers. Hired Scotiabank's former head of TIB (David Rozin) to lead Canadian expansion, picking up hundreds of
Invests in high-growth enterprise tech companies globally and connects them to corporate partners in North America.
High-performing alternative investment firm active since 1996 with diversified strategy across private markets. Backed by VCCI program. Invests in VC, growth equity, and mid-market buyouts.
Invests in people, ideas, critical minerals, and strategic infrastructure necessary to accelerate the energy transition.
MedTech and Digital Health companies improving patient outcomes and expanding access to care.
Leading North American healthcare VC building transformative biotechnology and medical device companies.
Toronto-based VC investing in lean, product-focused teams solving real-world problems. Three funds with aggregate market value exceeding $70M.
Toronto's largest angel investor network supporting Canadian startups. A community of high net worth accredited investors who provide capital, mentorship, and strategic guidance to seed and early-stag
Bridges a critical gap in early-stage funding, catalyzing later-stage funding for promising technology companies across enterprise software, health tech, clean tech and deep tech.
Private equity firm focused on technology-enabled growth and disruption.
First dedicated Digital Industrial VC. Invests in Industrial AI and software at the intersection of data, automation, and large physical operations across North America, Europe, and Israel.
Early-stage VC empowering Canadian tech startups transitioning from concept to seed stage. Invests $250K-$1.5M per deal.
One of Canada's most active private markets investors for over two decades. $28B USD in AUM across 10 global offices.
Pre-seed and seed-stage venture capital firm backing exceptional founders in the US and Canada.
Making private equity investments since 1987 on behalf of OMERS, one of Canada's largest pension plans with over $60.8B in assets; manages over $6.5B globally.
Venture capital arm of OMERS pension fund with nearly $61B in net assets; 5 funds raised and 130 deals recorded across North America.
Founded in 1984, one of Canada's oldest private equity firms committed to acquiring and building high-quality businesses in partnership with talented management teams.
Sustainability-focused private debt firm executing credit investments in growth-stage technology companies.
Toronto-based middle-market private equity firm with 4 funds and 235 deals recorded, primarily in healthcare, financial, and business services.
Early growth-stage technology venture capital investor with 7 funds raised and 41 deals recorded.
Founded in 1994, Toronto-based private equity firm managing several portfolios with assets of $85M.
Invest in world-leading companies developing and applying artificial intelligence.
Canada-Silicon Valley Series A venture fund concentrating on investments just before scaling begins, with 2 funds and 8 deals recorded.
CVC and fund investment arm of RBC. Invest directly in Financial Services companies, opportunistic to other aligned sectors. $5-10MM typical.
Backer of Canada's most daring innovators and idea generators; RBC's technology growth banking and venture arm.
Early-stage VC investing in connected internet and mobile technology software across North America. Portfolio of 42+ companies including 3 unicorns.
Early-stage VC focused on companies developing creator and developer tools and enterprise software across software, cloud, health tech, crypto, and fintech.
Canada's first deep tech fund. Focus on university spin-outs and pre-seed deep tech startups.
Private venture capital and mutual fund management company with 1 fund and 51 deals recorded.
Canadian Tire Corporation's (CTC) corporate venture capital fund.
Founders Fund backed by successful entrepreneurs, with 7 funds raised and 91 deals recorded.
Scotiabank's tech lending arm with ~C$2B lent to Canadian tech companies including BenchSci, Helcim, GeoComply, and Field Effect. Launched in 2019, expanded post-SVB collapse. Also operates via subsid
Global investment firm with $620M+ USD in AUM. Partners with visionary founders across technology and healthcare. Fund III closed at $338M CAD.
Toronto-based venture capital investment office.
Publicly traded investment holding company (TSX: SC) providing access to high-growth pre-IPO and late-stage technology companies.
Lead seed-stage rounds into B2B software companies. Five-pillar Founder Growth Platform.
Toronto-based early-stage VC fund investing in high-growth technology startups led or co-led by women founders, backing globally competitive companies across enterprise software, digital health, and f
Venture banking division of Stifel providing venture debt ($1M-$50M+), treasury management, and capital raising for seed through IPO-stage tech companies. Over 100 bankers, $10B+ in loan commitments.
Companies revolutionizing Future of Work including HRtech, Productivity Tools, and New Work.
TD Bank's full-service innovation banking platform launched in 2024, providing venture debt, banking, and financing solutions for technology companies at all stages. Staffed by former SVB and RBCx lea
Corporate venture arm of Thomson Reuters; invests in early-stage enterprise technology with a focus on Series A companies.
Leading Canadian-based manager of private equity funds seeking investments in middle-market and later-stage companies through opportune acquisitions and strategic leadership.
Next frontier of computing: domain specific deep AI platforms, physical AI, AI infrastructure, advanced computing hardware, smart energy.
Invests in and works closely with premier late-stage Canadian technology companies to achieve their long-term goals.
Whitespace investing in B2B Software and Healthcare. 30+ year track record, one of longest running VC firms in Canada.
Investment firm with a unique combination of water and investment expertise, focused on companies enabling efficient water use.