# Brightspark Ventures: portfolio, investments and team

> Brightspark Ventures is a vc firm based in Canada. 26 investments on record, 1 in the last 12 months, latest Jan 2026. Portfolio, stages, co-investors and team.

Source: https://millionrounds.com/fund/brightspark-ventures (Millionrounds; every figure on the page links to its filing or article)

Canada · [Investor](https://millionrounds.com/investors)

# Brightspark Ventures

Last cheque observed Jan 2026; 26 cheques on record.

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Deploying now New fund $70M, Oct 2024 VC firm

Pre-seed Seed Series A Marketplace B2C Sector Agnostic

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Deploying now

**50%** of best year **1** **cheques in 12 months**, 26 on record

Since the last cheque **304** days **00** hrs **00** min **00** sec

Median round **$10M** Cheque size, as they say **$1.0M – $3.0M** Rounds led **1 of 26** Sole investor **5 rounds** Exits **8 from the portfolio** Mostly in **Canada, 92%**

Pitch Brightspark Ventures

## Brightspark Ventures highlights

- 01 1 cheques in the last 12 months
- 02 Mostly Series A and Seed: 61% of its rounds
- 03 Sole investor in 5 rounds, median $1.7M
- 04 8 exits from the portfolio

## What they do

> We back exceptional Canadian early-stage tech companies that are building the future. From their own website

- **Type:** VC firm (from a list, unverified)
- **Cheque size:** $1.0M – $3.0M as they say
- **Stages:** Pre-seed Seed Series A Series B
- **Sectors:** Marketplace B2C Sector Agnostic
- **Based in:** Montreal, Canada
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **26 appearances**

- **2026** 1 round
- **Jan** **[Brickeye](https://millionrounds.com/company/brickeye)** Series B · CA · GreenSky Ventures **$10M** With 7 others
- **2025** 1 round
- **Sept** **[Mycroft](https://millionrounds.com/company/mycroft)** Seed · CA · Luge Capital **$3.5M** With 6 others
- **2021** 1 round
- **May** **[Vetster](https://millionrounds.com/company/vetster)** CA · Firms' own news pages **$10M** With 6 others
- **2018** 1 round
- **Oct** **Hopper** Series D · CA · FinSMEs **$100M** With 4 others
- **2016** 1 round
- **Apr** **[nGUVU](https://millionrounds.com/company/nguvu)** CA · BetaKit: funding **$3.0M** *Led*
- **2014** 3 rounds
- **Jul** **[gShift](https://millionrounds.com/company/gshift)** Series A · CA **$932K** Sole investor
- **Mar** **[Hubba](https://millionrounds.com/company/hubba)** Seed · CA **$3.1M** With 9 others
- **Jan** **[Hubba](https://millionrounds.com/company/hubba)** Seed · CA **$2.3M** With 1 other
- **2012** 1 round
- **Aug** **Hopper** Series B · CA · techcrunch.com **$12M** With 2 others
- **2011** 1 round
- **Aug** **Hopper** Series A · CA · techcrunch.com **$8.0M** With 1 other
- **2008** 3 rounds
- **Feb** **[VoIPshield Systems](https://millionrounds.com/company/voipshield-systems)** Series B · CA · canada.com **$6.0M** With 1 other
- **Jan** **[Protecode](https://millionrounds.com/company/protecode)** Series A · CA **$4.2M** Sole investor
- **Jan** **[Siperian](https://millionrounds.com/company/siperian)** Series E · US · venturebeat.com **$25M** With 8 others
- **2007** 5 rounds
- **Oct** **[Mobivox](https://millionrounds.com/company/mobivox)** Series A · CA · mobivox.com **$11M** With 4 others
- **Jul** **[Tira Wireless](https://millionrounds.com/company/tira-wireless)** Series D · CA · wirelessfederation.com **$5.0M** With 3 others
- **Jul** **[NowPublic](https://millionrounds.com/company/nowpublic)** Series A · CA **$11M** With 2 others
- **May** **[Salesforce Radian6](https://millionrounds.com/company/salesforce-radian6)** Series A · CA · venturebeat.com **$4.0M** With 3 others
- **Jan** **Hopper** Seed · CA **$1.7M** Sole investor
- **2006** 3 rounds
- **May** **[NowPublic](https://millionrounds.com/company/nowpublic)** Seed · CA **$1.4M** Sole investor
- **Mar** **[Tira Wireless](https://millionrounds.com/company/tira-wireless)** Series C · CA · goodwinprocter.net **$13M** With 2 others
- **Jan** **[Cascada Mobile](https://millionrounds.com/company/cascada-mobile)** Venture · CA **$2.0M** Sole investor
- **2005** 2 rounds
- **Jul** **[eXludus Technologies](https://millionrounds.com/company/exludus-technologies)** Seed · CA · techfinance.ca **$1.5M** With 1 other
- **Mar** **[Tira Wireless](https://millionrounds.com/company/tira-wireless)** Series B · CA · flagshipventures.com **$2.5M** With 2 others
- **2002** 1 round
- **Oct** **[Tira Wireless](https://millionrounds.com/company/tira-wireless)** Series A · CA **$3.0M** With 1 other
- **2001** 2 rounds
- **Oct** **[Borderfree](https://millionrounds.com/company/borderfree)** Venture · US **$5.3M** With 2 others
- **Jul** **[Think Dynamics](https://millionrounds.com/company/think-dynamics)** Series A · CA **$7.0M** With 2 others

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

## The team

We hold **7** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

## What they claim to have backed

From their own portfolio page (on their website)

**12** of 31 we have independently watched raise

[A data connectivity](https://millionrounds.com/company/optable)[A platform that](https://millionrounds.com/company/potloc)[A product innovation](https://millionrounds.com/company/nano-magnetics)[Building the next](https://millionrounds.com/company/potential-motors)[Forcen enables robots](https://millionrounds.com/company/forcen)[Industrial IoT solutions](https://millionrounds.com/company/brickeye)[Modernizing and automating](https://millionrounds.com/company/buyback-booth)[Next-generation hardware and](https://millionrounds.com/company/haven-iaq)[Next-generation interactive 3D](https://millionrounds.com/company/prevu3d)[Pricepoint](https://millionrounds.com/company/pricepoint)[The world’s largest](https://millionrounds.com/company/drugbank)[Unique, patented, microsystem](https://millionrounds.com/company/adhawk-microsystems) A digital marketplace Acquired by Axonify Acquired by Canada Post Acquired by Genesys Acquired by IBM Acquired by Informatica Acquired by Recursion Acquired by Salesforce Acquired by Synopsys Acquired by calabrio Analyzes billions of Coral Direct-To-Consumer (DTC) e-commerce Focused on next-generation Ruby State-backed venture aiming Transforming short-haul transportation Uses AI and acquired by hmh

Weaker than a round we watched, stronger than a list somebody sold us. A firm is far less willing to put a company on its own site that it never funded.

## Exits from the portfolio

Companies it backed that were later bought or listed **8 in all**

**[Protecode](https://millionrounds.com/company/protecode)** Bought by [Synopsys](https://millionrounds.com/fund/synopsys) **Undisclosed** Nov 2015

**[Borderfree](https://millionrounds.com/company/borderfree)** Bought by [Pitney Bowes](https://millionrounds.com/fund/pitney-bowes) **$395M** May 2015

**[Borderfree](https://millionrounds.com/company/borderfree)** Bought by Borderfree Inc **Undisclosed** Mar 2012

**[Salesforce Radian6](https://millionrounds.com/company/salesforce-radian6)** Bought by Salesforce **$326M** Mar 2011

**[Siperian](https://millionrounds.com/company/siperian)** Bought by [Informatica](https://millionrounds.com/fund/informatica) **$130M** Jan 2010

**[Mobivox](https://millionrounds.com/company/mobivox)** Bought by Sabse Technologies **Undisclosed** Sept 2009

**[NowPublic](https://millionrounds.com/company/nowpublic)** Bought by Examiner.com **Undisclosed** Sept 2009

**[Think Dynamics](https://millionrounds.com/company/think-dynamics)** Bought by [IBM (International Business Machines)](https://millionrounds.com/fund/ibm-international-business-machines) **Undisclosed** May 2003

An exit counts when it came after the firm's first round in the company. From historical deal records.

New fund on file

**$70M**

raised in Oct 2024

From its SEC filing, not a journalist: a firm that has just raised has money to deploy.

## The cheque

Pre-seed Seed Series A

Median round joined **$10M** the round, not its cheque Alone, median **$1.7M**

Led 1 of 26 rounds **4%**

- **Said size:** $1.0M – $3.0M
- **Sole investor:** 5 rounds
- **Last cheque:** Jan 2026
- **Exits:** 8 from the portfolio

Rounds by stage said on their site

- Series A said *8*
- Seed said *6*
- Series B said *4*
- Series D *2*
- Venture *2*
- Series C *1*
- Pre-seed said *-*

Cheques by month Led Joined

Dec 2023 Nov 2026

Often in the room with

- [Export Development Canada](https://millionrounds.com/fund/export-development-canada) 3
- [Flagship Pioneering, LLC](https://millionrounds.com/fund/flagship-pioneering-llc) 3
- [Atlas Venture](https://millionrounds.com/fund/atlas-venture) 2
- [Graphite Ventures](https://millionrounds.com/fund/graphite-ventures) 2
- [Lehman Brothers Venture Partners](https://millionrounds.com/fund/lehman-brothers-venture-partners) 2

**Pitching Brightspark Ventures?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque.

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## Who they invest alongside

The investors most often in the same rounds as Brightspark Ventures. A count of rooms they were both in, not a relationship either has claimed.

[**Export Development Canada** Government **3** rounds together](https://millionrounds.com/fund/export-development-canada)[**Flagship Pioneering, LLC** VC firm **3** rounds together](https://millionrounds.com/fund/flagship-pioneering-llc)[**Atlas Venture** VC firm **2** rounds together](https://millionrounds.com/fund/atlas-venture)[**Graphite Ventures** VC firm **2** rounds together](https://millionrounds.com/fund/graphite-ventures)[**Lehman Brothers Venture Partners** VC firm **2** rounds together](https://millionrounds.com/fund/lehman-brothers-venture-partners)

## Recently backed

The latest companies Brightspark Ventures put money into.

[**Brickeye** $10M · Jan 2026](https://millionrounds.com/company/brickeye)[**Mycroft** $3.5M · Sept 2025](https://millionrounds.com/company/mycroft)[**Vetster** $10M · May 2021](https://millionrounds.com/company/vetster)

## Quick answers about Brightspark Ventures

### What does Brightspark Ventures invest in?

Brightspark Ventures invests most often at Series A and Seed (61% of the rounds on record), in sectors such as Marketplace, B2C and Sector Agnostic.

### How active is Brightspark Ventures?

26 investments on record, 1 of them in the last 12 months, and it led 1. The most recent was in Jan 2026.

### What has Brightspark Ventures invested in recently?

Its most recent investments on record: Brickeye (Series B, Jan 2026), Mycroft (Seed, Sept 2025) and Vetster (May 2021).

### How big are Brightspark Ventures's cheques?

The median round it joins is $10M. It says it writes cheques of $1.0M to $3.0M.

### Does Brightspark Ventures lead rounds?

Sometimes: it led 1 of its 26 investments on record (4%).

### Where does Brightspark Ventures invest?

Most of the companies it backs are in Canada (92%) and the United States (8%).

### Is Brightspark Ventures investing now?

Yes: it is actively investing, with 1 investments in the last 12 months.

### Who does Brightspark Ventures invest alongside?

Most often Export Development Canada (3 rounds together), Flagship Pioneering, LLC (3 rounds together) and Atlas Venture (2 rounds together).

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Built from the rounds we watched, its filings and its own website, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections?slug=brightspark-ventures) · [Is this your firm? Claim it](https://millionrounds.com/claim?org=brightspark-ventures)