Funds that back Waterloo Region startups
A fund is a Canadian investor that buys equity in startups and has backed at least one company in Waterloo Region: a venture fund, an angel group, a university or student fund, or a corporate or Crown venture arm. Each page lists the startups here it has backed, as far as public announcements show.

Garage Capital
garage.vcA Kitchener-Waterloo pre-seed and seed fund, run by Waterloo Engineering founders, that backs Canadian and Y Combinator startups.
Whitecap Venture Partners
whitecapvp.comA Toronto venture capital firm that leads Series A rounds and backs seed startups in B2B software and healthcare across Canada.
Velocity Fund
velocity.fundA Waterloo pre-seed fund, anchored by the University of Waterloo endowment, that backs technical founders from Waterloo and beyond.
StandUp Ventures
standupvc.comA Toronto venture firm that backs women-led tech companies at the seed stage, across Canada and the US.
Round13 Capital
round13.comA Toronto venture and growth equity firm that mainly backs growth-stage Canadian tech companies and later-stage tech-enabled services businesses.
Ripple Ventures
rippleventures.comA Toronto venture capital firm that writes first cheques of $250K to $1M USD to founders building advanced technologies at inception.
Real Ventures
realventures.comReal Ventures is a Montreal venture capital firm that backs Canadian technology founders early, starting at pre-seed.
Quantacet
quantacet.comA Sherbrooke, Quebec venture capital fund that invests in pre-seed and seed quantum startups in computing, sensing, communications and enabling technologies.
Panache Ventures
panache.vcA pre-seed and seed fund with offices in Montreal, Toronto, Calgary and Vancouver that writes first cheques of up to $1.5M to Canadian tech founders in any sector.
OMERS Ventures
omersventures.comThe venture arm of OMERS, one of Canada's largest pension plans, backing early stage founders in fintech, software and AI, mostly in Canada.
Mistral Venture Partners
mistral.vcAn Ottawa venture capital firm that writes first cheques of US$750K to $1.5M at pre-seed and seed to founders building AI for businesses in Canada and the US.
MaRS IAF
marsiaf.comThe MaRS Investment Accelerator Fund backs Ontario tech founders from first cheque through seed, from offices in Toronto, Waterloo and Ottawa.
Maple Leaf Angels
mapleleafangels.comA Toronto angel network whose members invest in seed and early stage Canadian technology companies.
Inovia Capital
inovia.vcA Montreal venture capital firm that backs companies from pre-seed to pre-IPO, with two partners based in Waterloo.
Innovation Grade Ventures
innovationgrade.comA seed fund run by former founders and operators that backs companies building for a healthier society or selling B2B software to specific industries.
GTAN
gtan.caA Waterloo Region network of angels, family offices and funds whose members invest in Canadian tech startups, from pre-seed to Series A.
Graphite Ventures
graphitevc.comA Canadian seed investor that backs B2B hardware and software founders, with general partners in Waterloo, Toronto and Ottawa.
Golden Ventures
golden.venturesA Toronto seed fund, investing since 2011, that writes initial cheques of $500K to $3M into pre-seed and seed startups across North America.
BDC Capital
bdc.caBDC Capital, the investment arm of Canada's development bank BDC, invests venture capital in Canadian tech companies from seed to late stage.
Archangel Network of Funds
archangelnetwork.caA Kitchener network of four early-stage funds that invests in Canadian technology companies, mostly at the seed stage and built on strong IP.
Angel One Investor Network
angelonenetwork.caA not-for-profit network of accredited angel investors, based in Burlington, whose members back early stage Canadian startups.
Two Small Fish Ventures
twosmallfish.vcA Toronto venture firm that backs pre-seed and seed deep tech founders, from AI platforms and chips to quantum and smart energy.
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