# Panache Ventures: portfolio, investments and team

> Panache Ventures is a vc firm based in Canada. 86 investments on record, 12 in the last 12 months, latest Sept 2026. Portfolio, stages, co-investors and team.

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

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

# Panache Ventures

Last cheque observed Sep 2026; 86 cheques on record.

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Deploying now New fund $100M, Sept 2022 VC firm

Pre-seed Seed Series A AI & Machine Learning Artificial Intelligence & Machine Learning (AI/ML) Big Data & Analytics

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Deploying now

**75%** of best year **12** **cheques in 12 months**, 86 on record

Since the last cheque **32** days **00** hrs **00** min **00** sec

Median round **$3.8M** Cheque size, as they say **$250K – $500K** Rounds led **0 of 86** Sole investor **6 rounds** Mostly in **Canada, 63%**

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## Panache Ventures highlights

- 01 12 cheques in the last 12 months
- 02 Mostly Seed and Venture: 61% of its rounds
- 03 Sole investor in 6 rounds, median $1.7M

## What they do

> Panache Ventures is Canada’s pre-seed fund, helping visionary entrepreneurs build high-growth companies from the ground up. We’re writing first cheques up to $1.5M. From their own website

- **Type:** VC firm (from a list, unverified)
- **Cheque size:** $250K – $500K as they say
- **Stages:** Pre-seed Seed Series A
- **Sectors:** AI & Machine Learning Artificial Intelligence & Machine Learning (AI/ML) Big Data & Analytics
- **Based in:** Montreal, Canada
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **86 appearances**

- **2026** 12 rounds
- **Sept** **[Daedal Systems](https://millionrounds.com/company/daedal-systems)** Seed · CA · BetaKit **$4.0M** With 4 others
- **Sept** **[Biossil](https://millionrounds.com/company/biossil)** Series B · CA · BetaKit **$153M** With 7 others
- **May** **[Relay](https://millionrounds.com/company/relay)** Growth · US · Ventureburn **$50M** With 4 others
- **May** **[Nord Quantique](https://millionrounds.com/company/nord-quantique)** CA · TechStartups **$30M** With 8 others
- **May** **[Ranger AI](https://millionrounds.com/company/ranger-ai)** Seed · US **$8.4M** With 3 others
- **May** **[InstaSwitch](https://millionrounds.com/company/instaswitch)** Seed · US **$4.7M** With 2 others
- **Apr** **[Featherless.ai](https://millionrounds.com/company/featherless-ai)** Series A · US · Wavemaker Partners **$20M** With 8 others
- **Apr** **[Soma Energy](https://millionrounds.com/company/soma-energy)** Seed · CA **$7.0M** With 3 others
- **Apr** **[Sanctuary Cognitive Systems Corporation](https://millionrounds.com/company/sanctuary-cognitive-systems-corporation)** Venture · CA **$1.5M** With 3 others
- **Mar** **[Canada Rocket Company](https://millionrounds.com/company/canada-rocket-company)** Grant · CA **$6.1M** With 3 others
- **Mar** **[Smart Access](https://millionrounds.com/company/smart-access)** Series A · CA **$12M** With 1 other
- **Jan** **[Canada Rocket Company](https://millionrounds.com/company/canada-rocket-company)** Seed · CA **$4.5M** With 3 others
- **2025** 11 rounds
- **Oct** **[Cybrid](https://millionrounds.com/company/cybrid)** Series A · CA · Ventureburn **$10M** With 4 others
- **Oct** **[Featherless.ai](https://millionrounds.com/company/featherless-ai)** Venture · US **Undisclosed** With 4 others
- **Sept** **[Gia](https://millionrounds.com/company/gia)** Pre-seed · CA **$1.1M** With 1 other
- **Sept** **[Parable](https://millionrounds.com/company/parable)** Seed · US **$17M** With 1 other
- **Jun** **[Asepha](https://millionrounds.com/company/asepha)** Seed · CA **$4.0M** With 3 others
- **May** **[HonestDoor](https://millionrounds.com/company/honestdoor)** Venture · CA **Undisclosed** With 3 others
- **May** **[Sandgarden](https://millionrounds.com/company/sandgarden)** Seed · US **$3.0M** With 3 others
- **Apr** **[Audette](https://millionrounds.com/company/audette)** Venture · CA **Undisclosed** With 2 others
- **Mar** **[Ranger AI](https://millionrounds.com/company/ranger-ai)** Pre-seed · US **$2.5M** With 1 other
- **Mar** **[ACTO](https://millionrounds.com/company/acto)** Grant · MX **$2.1M** With 1 other
- **Jan** **[The Intelligent Search Company](https://millionrounds.com/company/the-intelligent-search-company)** Pre-seed · US **$2.1M** With 1 other
- **2024** 10 rounds
- **Oct** **[Revyl](https://millionrounds.com/company/revyl)** Pre-seed · US **$1.1M** With 2 others
- **Sept** **[Nmbr](https://millionrounds.com/company/nmbr)** Seed · CA **$5.7M** With 2 others
- **Sept** **[SureBright](https://millionrounds.com/company/surebright)** Venture · CA **Undisclosed** With 4 others
- **Sept** **[Platformatic](https://millionrounds.com/company/platformatic)** Seed · US **$4.3M** Sole investor
- **Sept** **[Matchbook AI](https://millionrounds.com/company/matchbook-ai)** Venture · US **Undisclosed** With 2 others
- **Sept** **[Sandgarden](https://millionrounds.com/company/sandgarden)** Seed · US **$4.5M** With 3 others
- **Aug** **[Perceptive Space](https://millionrounds.com/company/perceptive-space)** Pre-seed · CA **$2.8M** With 2 others
- **Jul** **[Dreamwell AI](https://millionrounds.com/company/dreamwell-ai)** Pre-seed · CA **$2.2M** With 2 others
- **Jul** **[Reworkd](https://millionrounds.com/company/reworkd)** Seed · US **$2.8M** With 5 others
- **Jan** **[Beatdapp](https://millionrounds.com/company/beatdapp)** Series A · CA **$17M** With 4 others
- **2023** 7 rounds
- **Dec** **[Renaissance](https://millionrounds.com/company/renaissance)** Seed · CA **$736K** With 2 others
- **Dec** **[Waverly](https://millionrounds.com/company/waverly)** Venture · CA **Undisclosed** Sole investor
- **Nov** **[Pathway Medical](https://millionrounds.com/company/pathway-medical)** Seed · CA **$5.0M** With 1 other
- **Jul** **[HumanFirst](https://millionrounds.com/company/humanfirst)** Seed · CA **$3.8M** With 4 others
- **Jul** **[Lotly](https://millionrounds.com/company/lotly)** Venture · CA **Undisclosed** With 2 others
- **Jun** **[ALT TEX](https://millionrounds.com/company/alt-tex)** Grant · CA **$216K** With 5 others
- **Feb** **[Moves](https://millionrounds.com/company/moves)** Venture · CA **Undisclosed** With 5 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 **8** 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.

New fund on file

**$100M**

raised in Sept 2022

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 **$3.8M** the round, not its cheque Alone, median **$1.7M**

Led 0 of 86 rounds **0%**

- **Said size:** $250K – $500K
- **Sole investor:** 6 rounds
- **Last cheque:** Sept 2026

Rounds by stage said on their site

- Seed said *37*
- Venture *13*
- Pre-seed said *13*
- Series A said *12*
- Grant *4*
- Series B *3*

Cheques by month Led Joined

Nov 2023 Oct 2026

Often in the room with

- [Creative Destruction Lab](https://millionrounds.com/fund/creative-destruction-lab) 7
- [Garage Capital](https://millionrounds.com/fund/garage-capital-2) 7
- [Real Ventures](https://millionrounds.com/fund/real-ventures-2) 7
- [BDC Capital](https://millionrounds.com/fund/bdc-venture-capital) 6
- [Golden Ventures](https://millionrounds.com/fund/golden-ventures) 6
- [Inovia Capital](https://millionrounds.com/fund/inovia-capital) 6

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## Who they invest alongside

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

[**Creative Destruction Lab** Accelerator **7** rounds together](https://millionrounds.com/fund/creative-destruction-lab)[**Garage Capital** VC firm **7** rounds together](https://millionrounds.com/fund/garage-capital-2)[**Real Ventures** Family office **7** rounds together](https://millionrounds.com/fund/real-ventures-2)[**BDC Capital** VC firm **6** rounds together](https://millionrounds.com/fund/bdc-venture-capital)[**Golden Ventures** VC firm **6** rounds together](https://millionrounds.com/fund/golden-ventures)[**Inovia Capital** VC firm **6** rounds together](https://millionrounds.com/fund/inovia-capital)[**500 Global** Angel **5** rounds together](https://millionrounds.com/fund/500-startups)[**N49P** VC firm **5** rounds together](https://millionrounds.com/fund/n49p)[**Plug and Play** Accelerator **5** rounds together](https://millionrounds.com/fund/plug-and-play)[**Y Combinator** Accelerator **5** rounds together](https://millionrounds.com/fund/y-combinator)[**Desjardins Venture Capital** Government **4** rounds together](https://millionrounds.com/fund/desjardins-venture-capital)[**Ripple** Investment firm **4** rounds together](https://millionrounds.com/fund/ripple)

## Recently backed

The latest companies Panache Ventures put money into.

[**Biossil** $153M · Sept 2026](https://millionrounds.com/company/biossil)[**Relay** $50M · May 2026](https://millionrounds.com/company/relay)[**Nord Quantique** $30M · May 2026](https://millionrounds.com/company/nord-quantique)[**Ranger AI** $8.4M · May 2026](https://millionrounds.com/company/ranger-ai)[**InstaSwitch** $4.7M · May 2026](https://millionrounds.com/company/instaswitch)[**Featherless.ai** $20M · Apr 2026](https://millionrounds.com/company/featherless-ai)

## Mentioned on podcasts

Episodes that name Panache Ventures in their description, not their title.

- [The BetaKit Podcast](https://millionrounds.com/podcasts/betakit) 26 Aug 2023 · 59 min VC extravaganza: fundraising, "shitty" behaviour, mannequin startups & more Mentions [Panache Ventures](https://millionrounds.com/fund/panache-ventures)[Ripple](https://millionrounds.com/fund/ripple)[Ripple Ventures](https://millionrounds.com/fund/ripple-ventures) *+2* Apple PodcastsShow page
- [The BetaKit Podcast](https://millionrounds.com/podcasts/betakit) 3 Mar 2023 · 58 min Panache's Chris Neumann on FounderFuel's return and "shitty" VC behaviour (AMA episode) Mentions [Panache Ventures](https://millionrounds.com/fund/panache-ventures) Apple PodcastsShow page

## Quick answers about Panache Ventures

### What does Panache Ventures invest in?

Panache Ventures invests most often at Seed and Venture (61% of the rounds on record), in sectors such as AI & Machine Learning, Artificial Intelligence & Machine Learning (AI/ML) and Big Data & Analytics.

### How active is Panache Ventures?

86 investments on record, 12 of them in the last 12 months. The most recent was in Sept 2026.

### What has Panache Ventures invested in recently?

Its most recent investments on record: Daedal Systems (Seed, Sept 2026), Biossil (Series B, Sept 2026) and Relay (Growth, May 2026).

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

The median round it joins is $3.8M. It says it writes cheques of $250K to $500K.

### Does Panache Ventures lead rounds?

Rarely, if at all: none of its 86 investments on record names it as the lead.

### Where does Panache Ventures invest?

Most of the companies it backs are in Canada (63%) and the United States (35%).

### Is Panache Ventures investing now?

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

### Who does Panache Ventures invest alongside?

Most often Creative Destruction Lab (7 rounds together), Garage Capital (7 rounds together) and Real Ventures (7 rounds together).

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