Canada has 32 venture capital funds actively investing in deep tech and hardware companies. This group ranges from generalist early-stage investors to highly specialized funds backing quantum computing, photonics, advanced materials, and foundational AI. The largest dedicated player is BDC Deep Tech Venture Fund at $200 million, targeting seed to Series A companies.
Other major players include BDC Industrial Innovation Venture Fund (two funds totaling $450 million) focused on agtech, foodtech, robotics, and automation, and Defined VC, which has generated over $20 billion in enterprise value across its AI portfolio. These 32 funds reflect Canada's strength in life sciences, enterprise AI, semiconductor technology, and industrial innovation. Most operate at seed and Series A stages, with check sizes and conviction-building strategies tailored to deep tech's longer development cycles and technical risk.
The concentration of capital in Montreal, Vancouver, and Ottawa suggests regional clusters around academic institutions and existing hardware manufacturing expertise.
Canada's Global Life Sciences Venture, sourcing promising therapeutics research from academic and biotech partners to create new companies of scale and train the next generation of life sciences leade
Early-stage biotechnology venture capital focused on the Quebec life sciences ecosystem.
Enterprise AI solutions driving enterprise productivity, resilience, and sustainability.
Focus on technology companies with validated product-market fit ready to accelerate growth. Staged strategy with discovery checks, building conviction by tracking execution.
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
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
Network technologies, leading consumer and enterprise solutions, and innovation in data, analytics, AdTech, media, and content distribution aligned with Bell's strategy.
The largest network of early stage investors in Ottawa, Gatineau, and Kanata. A leading Canadian angel group focused on lifting the region's entrepreneurial potential and facilitating access to qualit
Venture capital investor in media communication technologies, with 4 funds raised and 69 deals recorded.
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
Technologies for Industrial Transformation and climate impact reduction in traditional sectors.
Investment management firm specializing in infrastructure and real estate, a subsidiary of Fengate Corporation operating since 1974.
Early stage, emerging and growth-oriented enterprise software companies. Dedicated Enterprise software focus.
Canada's seed stage VC partner for exceptional B2B founders. Focus on capital efficiency and global scaling.
A community of angels, super angels, family offices, and venture funds investing in Canadian tech startups from pre-seed to Series A since 2008. Canada's most active early-stage investors with 250+ po
Quebec provincial government's investment arm fostering economic development. Offers loans, loan guarantees, and equity investments, frequently co-investing alongside private VCs.
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.
Wealth planning and investing firm (family office) with active venture and private equity investments across Canada.
Venture capital arm of OMERS pension fund with nearly $61B in net assets; 5 funds raised and 130 deals recorded across North America.
Health tech and B2B technology at inflection point between commercialization and scale.
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.
Canada-Silicon Valley Series A venture fund concentrating on investments just before scaling begins, with 2 funds and 8 deals recorded.
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.
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.
Venture capital firm with 2 funds raised and 23 deals recorded, primarily in BC.
Corporate venture capital investing in the digital transformation of creative industries.
North America's Intelligent Industry through software, AI/ML, and IIoT. Digitalization, transformation, and sustainability.