Amiral Ventures↗
Montréal, QuébecEarly
Enterprise AI solutions driving enterprise productivity, resilience, and sustainability.
Canadian Cybersecurity Investors
26 funds
Canada hosts 26 venture investors actively backing cybersecurity companies, ranging from early-stage discovery through late-stage scale. These funds span major hubs in Toronto, Montreal, and Vancouver, with capital commitments from $1M venture debt facilities at the low end to $100M+ growth cheques from larger vehicles like BDC Growth Venture Fund. The cohort includes both generalist firms with cybersecurity exposure and specialists writing core checks into the sector.
Most active investors focus on enterprise software with validated product-market fit, particularly AI-powered security solutions and infrastructure plays. A smaller number target seed-stage founders and women-led teams with climate or social impact angles. Check sizes and conviction models vary considerably: some funds deploy staged capital starting with discovery cheques, while others require operational proof before committing meaningful capital.
Strategic investors like Bell Ventures and corporate venture arms add a different dynamic, prioritizing technologies aligned to their core business rather than pure financial returns. This list identifies the funds most likely to engage with cybersecurity founders at various stages. Use it to target investors matching your current funding round, customer validation level, and geographic base.
BCF Ventures↗
Montréal, QuébecEarly
Focus on technology companies with validated product-market fit ready to accelerate growth. Staged strategy with discovery checks, building conviction by tracking execution.
BDC Growth Venture Fund↗
CanadaGrowth
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
BDC Thrive Lab for Women↗
CanadaPre-SeedSeedEarly
A $100M innovative equity investment lab providing capital, training and support for 100+ ambitious women-led businesses committed to delivering measurable positive social impact tied to UN SDGs.
Bell Ventures↗
Verdun, QuébecNetwork technologies, leading consumer and enterprise solutions, and innovation in data, analytics, AdTech, media, and content distribution aligned with Bell's strategy.
CIBC Innovation Banking↗
Toronto, OntarioMulti-StagePE / Debt
Strategic advice, cash management, and flexible capital solutions to innovation companies. Financing from $1M to $100M+.
Deloitte Ventures↗
Toronto, OntarioEarly
Invest in early-stage B2B enterprise software companies with clear product-market fit and strong Canadian angle.
Emend Vision Fund↗
Victoria, BCSeedEarly
Technologies for Industrial Transformation and climate impact reduction in traditional sectors.
First Ascent Ventures↗
Toronto, OntarioSeries A
Early stage, emerging and growth-oriented enterprise software companies. Dedicated Enterprise software focus.
Framework Venture Partners↗
Toronto, OntarioSeries A
Active capital model in AI-powered vertical SaaS. Focus on proven product-market fit and compelling unit economics.
Graphite Ventures↗
Toronto, OntarioSeed
Canada's seed stage VC partner for exceptional B2B founders. Focus on capital efficiency and global scaling.
Inovia Capital↗
Montréal, QuébecPre-SeedMulti-Stage
Focus on software companies and AI driving positive impact on global scale. Three strategies: Discovery, Venture, Growth.
Intrepid Growth Partners↗
Vancouver, BCGrowth
Growth-stage AI companies with proven product-market fit in Canada and UK.
Luge Capital↗
Montréal, QuébecEarly
Early-stage, fintech-focused VC. Strategic LP base includes large financial institutions and pension funds.
NAventures↗
Montréal, QuébecSeedSeries B+
Corporate VC arm of National Bank of Canada. Direct equity investment in high growth potential technology companies.
Nex Gen VC Partners
Calgary, ABSeedPre-Seed
Opportunities fund focusing on investing in unique ventures that create large catalysts and viable pathway to profitability.
Pender Ventures↗
Vancouver, BCGrowth
Health tech and B2B technology at inflection point between commercialization and scale.
RBC Capital Partners↗
Toronto, OntarioSeries A
CVC and fund investment arm of RBC. Invest directly in Financial Services companies, opportunistic to other aligned sectors. $5-10MM typical.
RiSC Capital Corp↗
Toronto, OntarioPre-Seed
Canada's first deep tech fund. Focus on university spin-outs and pre-seed deep tech startups.
Scotiabank Technology & Innovation Banking↗
Toronto, ONPE / DebtGrowth
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
TELUS Global Ventures↗
Vancouver, BCSeries A
Strategic investment arm in AgTech, Digital HealthTech, Connected Consumer, and Enterprise Platforms & IoT.
Top Down Ventures↗
Vancouver, BCEarly
Software and AI infrastructure powering global Managed Services ecosystem ($600B market).
Two Small Fish Ventures↗
Toronto, OntarioEarly
Next frontier of computing: domain specific deep AI platforms, physical AI, AI infrastructure, advanced computing hardware, smart energy.
Vistara Growth↗
Vancouver, BCGrowth
Flexible growth capital solutions (debt, convertible debt, structured equity) to mid-later stage technology companies. $10M-$50M.
White Star Capital↗
London, UKSeedSeries B+
International technology investment manager. Early Growth Fund, Digital Asset Fund, and North American Seed Fund.
Yaletown Partners↗
Vancouver, BCGrowth
North America's Intelligent Industry through software, AI/ML, and IIoT. Digitalization, transformation, and sustainability.