Canadian Deep Tech / Hardware Investors

ACET Capital

Sherbrooke, QC

Two venture funds run by ACET at the Universite de Sherbrooke, backed by Investissement Quebec and National Bank; more than 65 million dollars deploye

adMare BioInnovations

Vancouver, BC

Canada's Global Life Sciences Venture, sourcing promising therapeutics research from academic and biotech partners to create new companies of scale an

AllosteRx Capital Management (Canada) Inc.

Montreal, QC

Early-stage biotechnology venture capital focused on the Quebec life sciences ecosystem.

Amiral Ventures

Montréal, Québec

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

AXA Venture Partners

Paris, France

AVP is AXA's venture capital arm. It runs multiple funds, including Early Stage funds (a $150M second fund was raised in 2019) and a Late Growth strat

Axelys

Montreal, QC

Quebec provincial technology-transfer investor (merger of Univalor, Sovar, and Aligo); holds equity in public-research spinouts including those from C

BCF Ventures

Montréal, Québec

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

BDC Deep Tech Venture Fund

Canada

Canada's largest dedicated deep tech fund at $200M. Targets 15-20 seed to Series A Canadian companies developing transformational technologies in quan

BDC Industrial Innovation Venture Fund

Canada

Fund I ($250M) + Fund II ($200M) backing early-stage companies in legacy industries where enabling technologies can reshape Canadian companies into gl

BDC Life Sciences Venture Fund

Canada

A $150M BDC fund (launched 2026) providing patient capital to early-stage Canadian life sciences companies — therapeutics and medical technologies — t

BDC StrongNorth Fund

Canada

A $300M BDC fund backing early-stage Canadian deep-tech startups with defence-focused or dual-use applications — aerospace, autonomous systems, sensor

Bell Ventures

Verdun, Québec

Network technologies, leading consumer and enterprise solutions, and innovation in data, analytics, AdTech, media, and content distribution aligned wi

BlackBerry IVY Innovation Fund

Waterloo, ON

BlackBerry venture fund (around 50 million dollars) investing in startups building on the BlackBerry IVY connected-vehicle data platform.

Boehringer Ingelheim Venture Fund

Ingelheim am Rhein, Germany

BIVF is an evergreen corporate venture fund of Boehringer Ingelheim, set up in 2010 and reported at about EUR 350M. It takes minority equity stakes, o

BoxOne Ventures

Montreal, QC

Evergreen family-office venture firm investing its own capital, with a biotech and computational-biology focus.

Capital Angel Network

Ottawa, Ontario

The largest network of early stage investors in Ottawa, Gatineau, and Kanata. A leading Canadian angel group focused on lifting the region's entrepren

Caterpillar Ventures

Irving, Texas, USA

Caterpillar Ventures is the corporate venture arm of Caterpillar, founded in 2015. It makes strategic equity investments in startups in energy, digita

Celtic House Venture Partners

Ottawa, ON

Venture capital investor in media communication technologies, with 4 funds raised and 69 deals recorded.

Cisco Investments

San Jose, California, USA

Cisco Investments is Cisco's corporate venture arm. It makes direct minority investments and fund-of-funds investments in startups that complement Cis

Commercialization at UHN

Toronto, ON

Commercialization arm of University Health Network; takes an equity position in every spinout it creates and runs an Accelerator Fund.

Defined VC

Vancouver, BC

Thesis-first VC backing founders shaping the AI frontier. Over a decade of AI investing with $20B+ in enterprise value created, 4 unicorn exits includ

Emend Vision Fund

Victoria, BC

Technologies for Industrial Transformation and climate impact reduction in traditional sectors.

Direct-equity seed fund of the University of British Columbia investing 50,000 to 250,000 dollars into UBC-connected startups.

Fengate Private Equity

Toronto, ON

Investment management firm specializing in infrastructure and real estate, a subsidiary of Fengate Corporation operating since 1974.

First Ascent Ventures

Toronto, Ontario

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

GM Ventures

Warren, Michigan, USA

GM Ventures is General Motors' venture capital arm, founded in 2010. It makes equity investments in startups working on technologies tied to GM's visi

Graphite Ventures

Toronto, Ontario

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

GTAN | Angel to Series A Investments

Waterloo Region, Ontario

A community of angels, super angels, family offices, and venture funds investing in Canadian tech startups from pre-seed to Series A since 2008. Canad

i4 Capital

Quebec City, QC

Quebec City deep-tech seed fund (about 40 million dollars toward a 60 million dollar target) via the Fonds Eureka mandate.

Quebec provincial government's investment arm fostering economic development. Offers loans, loan guarantees, and equity investments, frequently co-inv

James Richardson and Sons

Winnipeg, MB

Winnipeg family conglomerate making opportunistic direct co-investments in agri-food technology, robotics, and life sciences.

Leaps by Bayer

Leverkusen, Germany

Leaps by Bayer is Bayer's corporate venture and impact investment arm, founded in 2015. It invests in breakthrough life-science advances in health car

Martinrea Innovation

Vaughan, ON

Strategic minority investing by auto-parts maker Martinrea International, including stakes in NanoXplore and Equispheres.

McRock Capital

Toronto, ON

First dedicated Digital Industrial VC. Invests in Industrial AI and software at the intersection of data, automation, and large physical operations ac

NextAI

Toronto, ON

AI accelerator by NEXT Canada; the Toronto stream invests up to 25,000 dollars plus 100,000 dollar follow-on via post-money SAFE.

Nicola Wealth Management Ltd.

Vancouver, BC

Wealth planning and investing firm (family office) with active venture and private equity investments across Canada.

OMERS Ventures Management Inc.

Toronto, ON

Venture capital arm of OMERS pension fund with nearly $61B in net assets; 5 funds raised and 130 deals recorded across North America.

Opportunity Calgary Investment Fund (OCIF)

Calgary, AB

Wholly-owned investment fund of the City of Calgary deploying milestone-based quasi-equity capital into scaling companies.

Pender Ventures

Vancouver, BC

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

The only Quebec fund dedicated to quantum technology; portfolio includes Nord Quantique, Femtum, and Irreversible.

Quantum Valley Investments

Waterloo, ON

Founded by BlackBerry creators Mike Lazaridis and Doug Fregin with a $100M fund for commercialization of quantum physics breakthroughs.

Global venture capital company focused on equity financing of innovative biotechnology companies with breakthrough technology platforms.

QV Studio

Sherbrooke, QC

Quantum-focused venture studio (with Quantonation and Quantacet) providing a multi-year program plus pre-seed investment.

Raiven Capital

Toronto, ON

Canada-Silicon Valley Series A venture fund concentrating on investments just before scaling begins, with 2 funds and 8 deals recorded.

RiSC Capital Corp

Toronto, Ontario

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.

Round13 Capital Inc.

Toronto, ON

Founders Fund backed by successful entrepreneurs, with 7 funds raised and 91 deals recorded.

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

Private venture capital and investment holding company focusing exclusively in the four Atlantic Canadian provinces, primarily in technology companies

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

ThresholdImpact

Edmonton, AB

Impact venture firm founded by BioWare co-founder Ray Muzyka; medtech is an explicit vertical (PulseMedica, FluidAI Medical).

Venture capital firm with 2 funds raised and 23 deals recorded, primarily in BC.

Toyota Ventures

San Francisco, California, USA

Toyota Ventures is Toyota's early-stage venture arm. In April 2024 it announced two new $150M funds, bringing total new capital to $300M, to invest in

Triptyq Capital

Montreal, QC

Corporate venture capital investing in the digital transformation of creative industries.

UTEST (University of Toronto Early-Stage Technology)

Toronto, ON

University of Toronto Early-Stage Technology program, run with TIAP; invests up to 150,000 dollars via SAFE into University of Toronto research startu

Venture Scientist Fund

Montreal, QC

A 100 million US dollar fund co-launched by the Mila AI institute and Inovia Capital to spin foundational-AI research out of the lab at the pre-incorp

Yaletown Partners

Vancouver, BC

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