Two Small Fish Ventures
Fund · Toronto · twosmallfish.vc
A Toronto venture firm that backs pre-seed and seed deep tech founders, from AI platforms and chips to quantum and smart energy.
Two Small Fish Ventures is an early-stage deep tech venture firm based in Toronto, with a presence in Montreal and New York. Co-founders Eva Lau and Allen Lau helped build Wattpad, which Naver bought for US$660 million in 2021.
Its US$30 million third fund backs pre-seed and seed founders, mostly before they have revenue. It says it invests only where it has the domain expertise to help a startup scale.
Early-stage tech founders can pitch it by email at pitch@twosmallfish.vc.
What it invests in
Pre-seed and seed stage; revenue is not required
5 to 7 cheques a year, with a sweet spot of $1M to $3M USD
Leads rounds, and also co-leads or joins other early-stage investors
Vertical AI Platforms and AI Infrastructure
Physical AI, such as robotics and smart machines
Advanced Computing Hardware (semiconductors, quantum) and Smart Energy
Invests globally in deep tech
Location
225 King Street West, Toronto, ON
Links
Waterloo Region startups backed by Two Small Fish Ventures (3)
abr
appliedbrainresearch.comDiscover edge AI solutions built on efficient state space models. Real-time speech, DSP, and on-device intelligence for modern devices.
ENVGO
envgo.comENVGO, a Canadian marine tech company, builds electric & hybrid hydrofoiling vessels: the unmanned XV2 micro-USVs for defence & the recreational NV1
Qubic Technologies
qubictech.coFrom the fund's own portfolio page and public announcements of its rounds. Only Waterloo Region companies in the directory are shown.
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