Canada · Investor

Mistral

Last cheque observed Sep 2026; 59 cheques on record.

Email

Deploying nowVC firm

Pre-seedSeedEnterprise AI

Deploying now
73%of best year8cheques in 12 months, 59 on record
Since the last cheque38days00hrs00min00sec
Median round$4.0MRounds led2 of 59Sole investor11 roundsMostly inCanada, 70%
Pitch Mistral

Mistral highlights

  1. 01

    8 cheques in the last 12 months

  2. 02

    Mostly Seed and Venture: 67% of its rounds

  3. 03

    Sole investor in 11 rounds, median $1.5M

What they do

Mistral Venture Partners - The leading seed stage venture capital firm in CanadaFrom their own website
Type
VC firm
Cheque size
Not stated
Stages
Pre-seedSeed
Sectors
Enterprise AI
Based in
Ottawa, Canada
Cold pitches
Accepted

The record

Every round we can evidence, newest first59 appearances

  1. 2026

    5 rounds

  2. Sept
    ClastixSeed · IT · EU-Startups$3.3MWith 2 others
  3. Sept
    Thri5Seed · CA · BetaKit$5.4MWith 6 others
  4. Sept
    UltimariiSeries A · CA · BetaKit$9.4MLed
  5. Feb
    FutureMoneySeed · US$2.1MWith 2 others
  6. Jan
    Armilla AIVenture · CA$25MWith 4 others
  7. 2025

    9 rounds

  8. Nov
    Partage ClubSeed · CA$1.5MSole investor
  9. Nov
    FrugalSeed · CA$5.0MSole investor
  10. Nov
    ChatforcePre-seed · CA$1.5MWith 2 others
  11. Oct
    Ready Plan GoPre-seed · CA$535KSole investor
  12. Aug
    Blue JSeries D · CA$122MWith 8 others
  13. Aug
    DatabiomesPre-seed · CA$725KWith 1 other
  14. Jul
    Trusty EstatePre-seed · CA$729KWith 1 other
  15. Jun
    Giatec ScientificVenture · CAUndisclosedWith 2 others
  16. Apr
    PayTicSeed · MA · Disrupt Africa$4.0MWith 10 others
  17. 2024

    7 rounds

  18. Nov
    runQLPre-seed · CA$1.1MWith 2 others
  19. Nov
    Soundpays Inc.Venture · CAUndisclosedWith 1 other
  20. Sept
    Bloks, Inc.Seed · CA$1.5MWith 1 other
  21. Sept
    LoopSeed · US$4.7MSole investor
  22. Jul
    Axle AutomationSeed · US$2.5MWith 1 other
  23. Jul
    NozeVenture · CA$5.0MWith 3 others
  24. Feb
    EdlyVenture · US$1.0MWith 2 others
  25. 2023

    4 rounds

  26. Aug
    GamercraftVenture · USUndisclosedSole investor
  27. Jun
    ExpetoGrant · US$785KWith 4 others
  28. Feb
    PeggySeed · CA$8.1MWith 4 others
  29. Feb
    CookinSeed · CA$13MWith 2 others
  30. 2022

    8 rounds

  31. Dec
    Buckzy PaymentsSeries A · CA$15MWith 1 other
  32. Nov
    SymendVenture · CA$42MWith 4 others
  33. Oct
    UnitoSeries B · CA$20MWith 5 others
  34. Oct
    NookPre-seed · CA$1.8MSole investor
  35. Oct
    PassivSeed · CA$2.2MWith 3 others
  36. Jun
    CEIPALSeries B · US$17MSole investor
  37. Jun
    CadenceSeed · US$931KWith 2 others
  38. May
    BHumanSeed · US$885KSole investor
  39. 2021

    6 rounds

  40. Nov
    Enso ConnectSeed · CA$1.6MWith 2 others
  41. Sept
    RewindSeries B · CA$65MWith 4 others
  42. Jul
    VisualpingSeed · CA$6.0MWith 2 others
  43. Jul
    PainWorthPre-seed · CA$1.7MWith 2 others
  44. Jun
    CommitSeed$6.0MWith 4 others
  45. Mar
    SensibillDebt$2.0MWith 4 others
  46. 2020

    1 round

  47. Dec
    RelogixVentureUndisclosedWith 1 other

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)

0 of 1 we have independently watched raise

The PMF Show

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.

Who they invest alongside

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

BDC CapitalVC firm10rounds togetherBessemer Venture PartnersVC firm4rounds togetherInovia CapitalVC firm4rounds togetherMaRS Investment Accelerator FundVC firm4rounds togetherRelay VenturesVC firm4rounds togetherReal VenturesFamily office3rounds togetherY CombinatorAccelerator3rounds togetherAcadia Woods PartnersVC firm2rounds togetherBoldstart VenturesVC firm2rounds togetherCreative Destruction LabAccelerator2rounds togetherDavid CohenAngel2rounds togetherExport Development CanadaGovernment2rounds together

Recently backed

The latest companies Mistral put money into.

Clastix$3.3M · Sept 2026Thri5$5.4M · Sept 2026Armilla AI$25M · Jan 2026Partage Club$1.5M · Nov 2025Frugal$5.0M · Nov 2025Chatforce$1.5M · Nov 2025

Quick answers about Mistral

What does Mistral invest in?

Mistral invests most often at Seed and Venture (67% of the rounds on record), in sectors such as Enterprise AI.

How active is Mistral?

59 investments on record, 8 of them in the last 12 months, and it led 2. The most recent was in Sept 2026.

What has Mistral invested in recently?

Its most recent investments on record: Clastix (Seed, Sept 2026), Thri5 (Seed, Sept 2026) and Ultimarii (Series A, Sept 2026).

How big are Mistral's cheques?

The median round it joins is $4.0M.

Does Mistral lead rounds?

Sometimes: it led 2 of its 59 investments on record (3%).

Where does Mistral invest?

Most of the companies it backs are in Canada (70%) and the United States (24%).

Is Mistral investing now?

Yes: it is actively investing, with 8 investments in the last 12 months.

Who does Mistral invest alongside?

Most often BDC Capital (10 rounds together), Bessemer Venture Partners (4 rounds together) and Inovia Capital (4 rounds together).

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Built from the rounds we watched, its filings and its own website, refreshed every night. How we count · Report a correction · Is this your firm? Claim it