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Canadian AI / ML Investors

63 funds

Canada hosts 63 venture funds actively investing in AI and machine learning companies. These investors range from early-stage specialists deploying seed and pre-Series A capital to growth-focused firms backing companies with validated product-market fit. Check sizes and stage focus vary widely.

Some funds like BDC Deep Tech Venture Fund ($200M) and BDC Cleantech Practice ($600M) operate at scale with patient capital mandates, while others such as Apex Innovative Investments ($35M) target smaller early-stage rounds across AI, fintech, and SaaS. Many investors concentrate on applied AI within specific verticals like enterprise software, healthcare, and climate technology rather than foundational research. Geographic distribution spans Vancouver, Edmonton, Toronto, and Montreal, with notable concentrations in Ontario and Quebec.

Beyond pure AI plays, several funds blend machine learning expertise with domain focus in cleantech, life sciences, cybersecurity, and medical devices. This list captures both generalist early-stage firms that count AI among multiple sectors and specialists like AltaML Venture Studio that bring dedicated ML expertise to portfolio acceleration. Use the details below to identify investors aligned with your stage, geography, and application area.

7 Gate Ventures

Vancouver, BC
SeedSeries A

Early-stage VC investing in Seed to pre-Series A technology startups, with a sector focus on software, SaaS, cloud services, marketplaces, mobile, big data/analytics, blockchain, fintech, and healthte

SoftwareSaaSCloud ServicesMarketplaces

AltaML Venture Studio

Edmonton, AB
SeedEarly

Venture studio that brings together talent, AI/ML expertise and capital to accelerate the growth of applied AI startups within specific enterprise verticals.

Applied AI/MLEnterprise Technology

Amiral Ventures

Montréal, Québec
Early

Enterprise AI solutions driving enterprise productivity, resilience, and sustainability.

AICleantechCybersecurityICT

Amplify Capital

Toronto, Ontario
Early

Early-stage impact venture fund focused on transformational technology in Climate and Health solutions.

AICleantechHealthtech

Amplitude Ventures

Montréal, Québec
SeedGrowth

Capital catalyst for precision medicine and next-generation medical devices at point of value acceleration.

AILife Sciences

Apex Innovative Investments Ventures Ltd.

Toronto, ON
SeedEarly

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.

AIFinTechSaaSHealthcare

ArcTern Ventures

Toronto, ON
EarlyGrowth

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.

Climate TechnologyClean TechnologySustainabilityEnergy Transition

BCF Ventures

Montréal, Québec
Early

Focus on technology companies with validated product-market fit ready to accelerate growth. Staged strategy with discovery checks, building conviction by tracking execution.

AIB2CCybersecurityFintech

BDC Cleantech Practice (Climate Tech Fund I)

Canada
SeedSeries ASeries B+Growth

A $600M BDC fund following a federal budget commitment. Flexible, multistage and patient capital approach for cleantech entrepreneurs. Portfolio of 50 companies. For every $1 BDC committed, $7.3 was r

CleantechClimate TechRenewable EnergyClean Transportation

BDC Deep Tech Venture Fund

Canada
SeedSeries A

Canada's largest dedicated deep tech fund at $200M. Targets 15-20 seed to Series A Canadian companies developing transformational technologies in quantum, photonics, foundational AI, and advanced mate

Quantum ComputingElectronicsPhotonicsFoundational AI

BDC Growth Venture Fund

Canada
Growth

A $500M BDC fund targeting late-stage, innovation-based businesses at an inflection point with strong potential for meaningful scale. Invests up to $100M/year in companies leveraging innovative techno

Artificial IntelligenceMachine LearningeCommerceBlockchain

BDC Industrial Innovation Venture Fund

Canada
SeedSeries AEarly

Fund I ($250M) + Fund II ($200M) backing early-stage companies in legacy industries where enabling technologies can reshape Canadian companies into global leaders. Covers agtech, foodtech, robotics, a

AgTechFoodTechAdvanced ManufacturingRobotics

BDC Seed Venture Fund

Canada
Pre-SeedSeed

A $100M BDC fund helping Canadian entrepreneurs get ideas off the ground. Sector-agnostic software focus with cheque sizes of $100K-$1M. Pan-Canadian with particular focus on underserved regions.

Enterprise SaaSFinTechHealthTechArtificial Intelligence

BDC Sustainability Venture Fund

Canada
SeedSeries ASeries B+

A $150M BDC fund investing in early-stage businesses developing software and asset-light technologies for a net-zero economy, aligned with UN SDGs. Equity investments up to $15M per company across app

Sustainability SoftwareClimate Action TechClean Energy SoftwareSustainable Communities

Bell Ventures

Verdun, Québec

Network technologies, leading consumer and enterprise solutions, and innovation in data, analytics, AdTech, media, and content distribution aligned with Bell's strategy.

AIB2CCybersecurityICT

Brilliant Phoenix Capital

Vancouver, BC
EarlyGrowth

Invest in AI, space, energy, and real estate across North America and Israel through thematic funds.

AIOther

Chrysalix Venture Capital

Vancouver, BC
Early

Experienced industrial sustainability investor with 20+ years in energy and industrial innovation. Fifth fund invests in early-stage technologies for carbon neutrality.

Industrial SustainabilityCarbon NeutralityEnergyMining

CIBC Innovation Banking

Toronto, Ontario
Multi-StagePE / Debt

Strategic advice, cash management, and flexible capital solutions to innovation companies. Financing from $1M to $100M+.

AgtechAICybersecurityFintech

Claridge

Montreal, QC
Growth

Private investment firm investing $5M-$30M in high-quality businesses with strong defensible market positions.

TechnologyEntertainmentReal EstateConsumer

Defined VC

Vancouver, BC
SeedEarly

Thesis-first VC backing founders shaping the AI frontier. Over a decade of AI investing with $20B+ in enterprise value created, 4 unicorn exits including 1 decacorn, and 30+ portfolio companies. Focus

Artificial IntelligenceRoboticsDrug DiscoveryAutonomous Systems

Deloitte Ventures

Toronto, Ontario
Early

Invest in early-stage B2B enterprise software companies with clear product-market fit and strong Canadian angle.

AICleantechCybersecurityFintech

Desjardins Capital

Montreal, QC
GrowthPE / Debt

Private equity arm of Desjardins Group (Canada's largest cooperative financial group) since 1974. Provides venture and growth capital to Quebec businesses.

TechnologyManufacturingRetailServices

Diagram

Montréal, Québec
Early

Venture studio and VC focused on launching transformative Fintech and ClimateTech companies.

AICleantechFintech

Evok Innovations

Vancouver, BC
Series A

Invest in exceptional entrepreneurs with innovative climate technologies in energy, critical minerals, industrial optimization.

AICleantech

First Ascent Ventures

Toronto, Ontario
Series A

Early stage, emerging and growth-oriented enterprise software companies. Dedicated Enterprise software focus.

AICybersecurityFintechHealthtech

Fondaction

Montreal, QC
Growth

Quebec labour-sponsored fund focused on responsible and sustainable investing. Partners with Fonds FTQ, Investissement Québec, and BDC to support Quebec businesses with an emphasis on sustainability.

Clean TechnologySocial EconomySustainable DevelopmentManufacturing

Framework Venture Partners

Toronto, Ontario
Series A

Active capital model in AI-powered vertical SaaS. Focus on proven product-market fit and compelling unit economics.

AIB2CCybersecurityFintech

Futuresight

Toronto, Ontario
Early

CoFounds & Funds B2B AI-native SaaS companies with values-driven leaders.

AIFintechHealthtechSaaS

Graphite Ventures

Toronto, Ontario
Seed

Canada's seed stage VC partner for exceptional B2B founders. Focus on capital efficiency and global scaling.

AICybersecurityFintechHealthtech

Hercules Capital

Palo Alto, CA, USA
PE / DebtGrowth

Largest non-bank venture debt lender globally with $10B+ portfolio. Active lender to Canadian tech and life sciences companies. Publicly traded (NYSE: HTGC). Provides venture debt from $5M-$200M+.

TechnologyLife SciencesSaaSSustainable & Renewable Tech

Horizon Technology Finance

Farmington, CT, USA
PE / DebtGrowth

Non-bank venture lending company providing venture debt to VC-backed technology, life sciences, healthcare, and sustainability companies. Publicly traded (NASDAQ: HRZN). Active in the North American m

TechnologyLife SciencesHealthcareSustainability

Inovia Capital

Montréal, Québec
Pre-SeedMulti-Stage

Focus on software companies and AI driving positive impact on global scale. Three strategies: Discovery, Venture, Growth.

AIB2CCybersecurityFintech

INP Capital

Vancouver, BC
Early

Global deeptech and greentech companies reshaping legacy industries. Bridge between Canada and Asia-Pacific.

AgtechAICleantechFintech

Intrepid Growth Partners

Vancouver, BC
Growth

Growth-stage AI companies with proven product-market fit in Canada and UK.

AICybersecurityFintechHealthtech

IVEST Consumer Partners

Vancouver, BC
GrowthPE / Debt

Vancouver-based PE firm focused on consumer brands. Portfolio generates $1.5B+ in annual retail sales.

Consumer ProductsRetailBrand Licensing

Linearis Ventures

Quebec City, QC
SeedSeries B+

Fund igniting precision medicine by supporting early-stage discoveries; innovation arm at the intersection of AI and biomarker analysis for metabolic diseases including cancer and diabetes.

Healthcare/Life SciencesPrecision MedicineAIBiomarker Analysis

Mantella Venture Partners

Toronto, ON
Seed

Toronto-based VC investing in lean, product-focused teams solving real-world problems. Three funds with aggregate market value exceeding $70M.

Enterprise ApplicationsRetailConsumerTechnology

McRock Capital

Toronto, ON
Series ASeries B+

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.

AIIoTSaaSIndustrial IoT

Mistral Venture Partners

Ottawa, ON
Pre-SeedSeed

Leading seed-stage venture capital firm in Canada, established in 2013. Focuses on early bets in enterprise software, AI, and marketplace companies.

Enterprise SoftwareArtificial IntelligenceMarketplacesSaaS

NAventures

Montréal, Québec
SeedSeries B+

Corporate VC arm of National Bank of Canada. Direct equity investment in high growth potential technology companies.

AICybersecurityFintechICT

New Brunswick Innovation Foundation (NBIF)

Fredericton, NB
Pre-SeedSeed

Evergreen pre-seed and seed VC backed by $100M fund. Invests in 1 of every 6 tech companies in New Brunswick.

TechnologyApplied ResearchSustainability

NGIF Capital

Calgary, Alberta
SeedSeries B+

Early-stage cleantech startups enhancing performance in natural gas value chain. Industry-backed model.

AgtechAICleantechFintech

Pelorus VC

St. John's, NL
Pre-Seed

Hands-on pre-seed investor backing Newfoundland and Labrador's most ambitious innovation companies.

AIHealthtechSaaSSector Agnostic

Pender Ventures

Vancouver, BC
Growth

Health tech and B2B technology at inflection point between commercialization and scale.

AICybersecurityFintechHealthtech

Persistence Capital Partners

Montreal, QC
PE / Debt

Private equity fund exclusively focused on high-growth opportunities in the healthcare field.

Healthcare/Life SciencesSoftwareRetail

Radical Ventures

Toronto, Ontario
EarlyGrowth

Invest in world-leading companies developing and applying artificial intelligence.

AI

RBC Capital Partners

Toronto, Ontario
Series A

CVC and fund investment arm of RBC. Invest directly in Financial Services companies, opportunistic to other aligned sectors. $5-10MM typical.

AICleantechCybersecurityFintech

Relentless Pursuit Partners

Vancouver, BC
Early

Focus on most common age-related conditions: brain health, diabetes, cardiovascular, mobility, respiratory, musculoskeletal.

AIHealthtechLife SciencesSaaS

RiSC Capital Corp

Toronto, Ontario
Pre-Seed

Canada's first deep tech fund. Focus on university spin-outs and pre-seed deep tech startups.

AgtechAICybersecurityICT

Roller Labs Ventures

Toronto, ON
Multi-Stage

Canadian Tire Corporation's (CTC) corporate venture capital fund.

Retail TechnologyConsumer

Spring Impact Capital

Vancouver, BC
Pre-Seed

Founders of Canadian startups leading to a more sustainable, healthy, and equitable world.

AgtechAIB2CCleantech

Staircase Ventures

Toronto, Ontario
Seed

Lead seed-stage rounds into B2B software companies. Five-pillar Founder Growth Platform.

AIFintechHealthtechICT

SVG Ventures | THRIVE

Calgary, Alberta
SeedEarlySeries A

Ground-breaking startups revolutionizing agrifood through technology-enabled solutions for climate, food security, sustainability.

AgtechAICleantechFintech

TandemLaunch

Montréal, Québec
SeedEarly

Start-up foundry and seed fund in AI, Computer Vision, IoT, Advanced Sensors, sustainability, and Advanced Materials.

AICleantechICTIoT

TELUS Global Ventures

Vancouver, BC
Series A

Strategic investment arm in AgTech, Digital HealthTech, Connected Consumer, and Enterprise Platforms & IoT.

AgtechAIB2CCleantech

Top Down Ventures

Vancouver, BC
Early

Software and AI infrastructure powering global Managed Services ecosystem ($600B market).

AICybersecurityFintechICT

TriWest Capital Partners

Calgary, AB
PE / Debt

One of Canada's leading private equity firms with experience in service, manufacturing and distribution sectors.

Energy & PowerIndustrial & ManufacturingAutomotive & TransportationRetail

Two Small Fish Ventures

Toronto, Ontario
Early

Next frontier of computing: domain specific deep AI platforms, physical AI, AI infrastructure, advanced computing hardware, smart energy.

AICleantechCybersecurity

Vanedge Capital

Vancouver, BC
Early

Two themes: AI & Analytics and Disruptive HardTech. Target companies with sustainable technological advantages.

AICleantechHealthtechICT

Version One Ventures

Vancouver, BC
Early

Back mission-driven founders early in new areas. Focus on crypto, deep tech, and enterprise SaaS.

AIB2CHealthtechSaaS

Vistara Growth

Vancouver, BC
Growth

Flexible growth capital solutions (debt, convertible debt, structured equity) to mid-later stage technology companies. $10M-$50M.

AICybersecurityFintechHealthtech

White Star Capital

London, UK
SeedSeries B+

International technology investment manager. Early Growth Fund, Digital Asset Fund, and North American Seed Fund.

AIB2CCybersecurityFintech

Yaletown Partners

Vancouver, BC
Growth

North America's Intelligent Industry through software, AI/ML, and IIoT. Digitalization, transformation, and sustainability.

AgtechAICleantechCybersecurity