Venture Fund Formation

The51 Food and AgTech Fund in its closing of $30 million in its $50 million Fund

On April 28, 2023, The51 Food and AgTech Fund announced that it closed $30 million of its $50 million Fund. It is noted that the Lead Investor is Farm Credit Canada with commitments from Alberta Enterprise Corporation, National Bank of Canada and others. The51 Food and AgTech Fund is targeting...

Lead Office: Vancouver Date Announced: Apr 28, 2023 Value: $30 million

Spring Impact Capital in its launching of a $20 million venture capital fund

On November 29, 2023, Spring Impact Capital announced it launched a $20 million venture capital fund that is focused on investing in climate and health solutions in Canada.It was founded by leaders from Spring Activator Inc., a global incubator, accelerator, and advisory organization.Osler,...

Lead Office: Toronto Date Closed: November 29, 2023 Value: $20 million

Active Impact in its securing of over $70 million for its third fund

On November 21, 2023, Active Impact announced that it has secured over $70 million for its third fund out of its goal of $120 million. The fund was co-anchored by Northleaf Capital Partners and Fondaction and had participation from Co-operators Corporate Venture Capital Fund, Deloitte...

Lead Office: Vancouver Date Closed: November 21, 2023 Value: $70 million

Northside Ventures in its launch of US$6.25 million fund

On September 5th, 2023, Northside Ventures announced it raised US $6.25 million for its initial fund. With this investment, Northside Ventures intends to back Canadian founders on both sides of the border right from the inception stage. With a target fund size of $15 million, they...

Lead Office: Toronto Date Closed: September 5, 2023 Value: US$6.25 million

Radical Ventures in its launch of a US$550 million fund

On January 9, 2023, Radical Ventures announced that it had launched a fund that is focused on artificial Intelligence (AI) companies and is aiming to raise US$550 million.Radical Ventures is a Toronto-based venture capital firm that invests in deep tech.Osler, Hoskin & Harcourt LLP...

Lead Office: Toronto Date Closed: January 9, 2023 Value: US$550 million

Two Small Fish Ventures in the launch of its third fund

On October 4, 2022, Two Small Fish Ventures announced the launch of its third venture capital fund with $24 million of committed capital secured from LPs at the initial closing and a final closing target of $40 million. The Fund is focused on early-stage investment in Canada and plans to...

Lead Office: Montreal Date Closed: October 4, 2022 Value: -

iNovia Capital in its US$325 million early-stage fund

On June 15, 2022, iNovia Capital announced that it raised US$325 million for its fifth early-stage fund. The fund was strongly supported by existing and new investors, and will back tech-focused companies financially in their aspirations and new endeavors. This is part of their plan to help...

Lead Office: Montreal Date Closed: June 15, 2022 Value: US$325 million

Round13 Capital in the formation of its new VC Fund

On May 19, 2022, Round13 Capital announced it had completed an initial US$70 million closing for its recently launched Digital Asset Fund, from a group of undisclosed investors led by a major Canadian pension fund, with support from other institutions, family offices, high-net-worth...

Lead Office: Toronto Date Closed: May 19, 2022 Value: US$70 million

Impression Ventures in the $64 million Initial Closing of its Venture Capital Fund

On April 19, 2022, Impression Ventures announced it had secured $64 million in its fourth venture fund. Fund IV focused on seed investments, but with follow-on capital saved for both Series A and Series B rounds. With this funding, Impression Ventures plans to expand the company’s assets in the...

Lead Office: Montreal Date Closed: April 19, 2022 Value: $64 million

Harvest Ventures in its $14 million venture fund

On November 24, 2021, Harvest Ventures announced it had launched its $14 million venture fund in partnership with Harvest Builders led by ATB Financial. The venture fund is an extension of Harvest Builders and was made to help co-create and support startups in the Prairies. The company plans...

Lead Office: Montreal Date Closed: November 24, 2021 Value: $14 million