# Whitecap Venture Partners: portfolio, investments and team

> Whitecap Venture Partners is a vc firm based in Canada. 14 investments on record, 1 in the last 12 months, latest Sept 2026.

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

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

# Whitecap Venture Partners

Last cheque observed Sep 2026; 14 cheques on record.

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Deploying now VC firm

Seed Series A Series B Bioimaging In Vitro Diagnostics Medical Devices

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**100%** of best year **1** **cheques in 12 months**, 14 on record

Since the last cheque **41** days **00** hrs **00** min **00** sec

Median round **$12M** Rounds led **4 of 14** Sole investor **2 rounds** Mostly in **Canada, 93%**

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## Whitecap Venture Partners highlights

- 01 1 cheques in the last 12 months
- 02 Mostly Series A and Series B: 54% of its rounds
- 03 Sole investor in 2 rounds, median $33M

## What they do

> We have a track record of successful investments From their own website

- **Type:** VC firm (from a list, unverified)
- **Cheque size:** Not stated
- **Stages:** Seed Series A Series B Growth
- **Sectors:** Bioimaging In Vitro Diagnostics Medical Devices
- **Based in:** Toronto, Canada
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **14 appearances**

- **2026** 1 round
- **Sept** **[Thri5](https://millionrounds.com/company/thri5)** Seed · CA · BetaKit **$5.4M** *Led*
- **2021** 2 rounds
- **May** **[PartnerStack](https://millionrounds.com/company/partnerstack)** Series B · CA · Firms' own news pages **$29M** With 3 others
- **May** **[Vetster](https://millionrounds.com/company/vetster)** CA · Firms' own news pages **$10M** *Led*
- **2019** 3 rounds
- **Dec** **[Second Closet](https://millionrounds.com/company/second-closet)** Series A · CA · FinSMEs **$13M** *Led*
- **Nov** **[Silofit](https://millionrounds.com/company/silofit)** Seed · CA · FinSMEs **$1.0M** *Led*
- **Jan** **[Bold Comerce](https://millionrounds.com/company/bold-comerce)** Series A · CA · FinSMEs **$17M** With 1 other
- **2017** 2 rounds
- **Dec** **[Qvella](https://millionrounds.com/company/qvella)** Series B · CA · FinSMEs **$20M** With 4 others
- **Nov** **[Affinio](https://millionrounds.com/company/affinio)** Series B · CA · FinSMEs **$9.0M** With 2 others
- **2015** 3 rounds
- **Nov** **[Affinio](https://millionrounds.com/company/affinio)** Series A · CA **$4.0M** With 3 others
- **Oct** **[Qvella Corporation](https://millionrounds.com/company/qvella-corporation)** Series A · CA **$20M** With 4 others
- **May** **[Real Matters](https://millionrounds.com/company/real-matters)** Growth · CA **$60M** Sole investor
- **2012** 1 round
- **Sept** **[Keek](https://millionrounds.com/company/keek)** Venture · CA · marketwire.com **$7.0M** With 2 others
- **2005** 1 round
- **Jul** **[Microbonds](https://millionrounds.com/company/microbonds)** Venture · CA **$5.7M** Sole investor
- **2001** 1 round
- **Nov** **[Accelight Networks](https://millionrounds.com/company/accelight-networks)** Venture · US **$60M** With 9 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 **10** 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)

**2** of 32 we have independently watched raise

[Partner company](https://millionrounds.com/company/thri5)[Partner company](https://millionrounds.com/company/altoida) Partner company Partner company Partner company Partner company Partner company Partner company Partner company Partner company Partner company Partner company Partner company Partner company Partner company Partner company Partner company Partner company Partner company Partner company Partner company Partner company Teranet partner company partner company partner company partner company partner company partner company partner company partner company partner company

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.

## The cheque

Seed Series A Series B

Median round joined **$12M** the round, not its cheque Alone, median **$33M**

Led 4 of 14 rounds **29%**

- **Sole investor:** 2 rounds
- **Last cheque:** Sept 2026

Rounds by stage said on their site

- Series A said *4*
- Series B said *3*
- Venture *3*
- Seed said *2*
- Growth said *1*

Cheques by month Led Joined

Dec 2023 Nov 2026

Often in the room with

- [Hatteras Venture Partners](https://millionrounds.com/fund/hatteras-venture-partners) 2
- [Round13 Capital](https://millionrounds.com/fund/round13-capital) 2

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## Who they invest alongside

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

[**Hatteras Venture Partners** VC firm **2** rounds together](https://millionrounds.com/fund/hatteras-venture-partners)[**Round13 Capital** VC firm **2** rounds together](https://millionrounds.com/fund/round13-capital)

## Recently backed

The latest companies Whitecap Venture Partners put money into.

[**Thri5** $5.4M · Sept 2026](https://millionrounds.com/company/thri5)[**PartnerStack** $29M · May 2021](https://millionrounds.com/company/partnerstack)[**Vetster** $10M · May 2021](https://millionrounds.com/company/vetster)[**Affinio** $9.0M · Nov 2017](https://millionrounds.com/company/affinio)

## Quick answers about Whitecap Venture Partners

### What does Whitecap Venture Partners invest in?

Whitecap Venture Partners invests most often at Series A and Series B (54% of the rounds on record), in sectors such as Bioimaging, In Vitro Diagnostics and Medical Devices.

### How active is Whitecap Venture Partners?

14 investments on record, 1 of them in the last 12 months, and it led 4. The most recent was in Sept 2026.

### What has Whitecap Venture Partners invested in recently?

Its most recent investments on record: Thri5 (Seed, Sept 2026), PartnerStack (Series B, May 2021) and Vetster (May 2021).

### How big are Whitecap Venture Partners's cheques?

The median round it joins is $12M.

### Does Whitecap Venture Partners lead rounds?

Yes: it led 4 of its 14 investments on record (29%).

### Where does Whitecap Venture Partners invest?

Most of the companies it backs are in Canada (93%) and the United States (7%).

### Is Whitecap Venture Partners investing now?

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

### Who does Whitecap Venture Partners invest alongside?

Most often Hatteras Venture Partners (2 rounds together) and Round13 Capital (2 rounds together).

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