# B2B investors in Canada (2026 list) > 22 B2B investors in Canada, 100% active in the last 12 months. Led by Y Combinator, BDC Capital, Headline. Ranked by what they funded. Source: https://millionrounds.com/lists/b2b-investors-in-canada (Millionrounds; every figure on the page links to its filing or article) [Investor Lists](https://millionrounds.com/lists) # B2B investors in Canada Updated 7 November 2026 Firms observed backing a B2B company in Canada in the last two years, wherever the firm is based. [See all 22 *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Fb2b-investors-in-canada)The top 22 **22** investors on the list No change this week **1,258** cheques in 12 months *-11%* against the market **$15M** median round they joined *+88%* against the market median **100%** wrote a cheque in 12 months **64%** have led a round ## The Top 22 Ordered by cheques observed, never by anything anyone paid for Deploying now (22) - 1 [Y Combinator](https://millionrounds.com/fund/y-combinator) *Deploying now* Accelerator · United States **6,412** **$3M** median round **Oct 2026** last seen - 2 [BDC Capital](https://millionrounds.com/fund/bdc-venture-capital) *Deploying now* VC firm · Canada **685** **$6M** median round **Sept 2026** last seen - 3 [Headline](https://millionrounds.com/fund/headline) *Deploying now* VC firm · United States **307** **$15M** median round **Oct 2026** last seen - 4 [MaRS Investment Accelerator Fund](https://millionrounds.com/fund/mars-investment-accelerator-fund) *Deploying now* VC firm · Canada **141** **$2.5M** median round **Oct 2026** last seen - 5 [Clocktower Ventures](https://millionrounds.com/fund/clocktower-ventures) *Deploying now* VC firm · Canada **123** **$8.2M** median round **Nov 2026** last seen - 6 [CIBC](https://millionrounds.com/fund/cibc) *Deploying now* VC firm · Canada **117** **$26M** median round **Oct 2026** last seen - 7 [Energy Impact Partners](https://millionrounds.com/fund/energy-impact-partners) *Deploying now* VC firm · United States **108** **$30M** median round **Nov 2026** last seen - 8 [Panache Ventures](https://millionrounds.com/fund/panache-ventures) *Deploying now* VC firm · Canada **86** **$3.8M** median round **Sept 2026** last seen - 9 [Powerhouse Ventures](https://millionrounds.com/fund/powerhouse-ventures-limited) *Deploying now* VC firm · New Zealand **80** **$3.3M** median round **May 2026** last seen - 10 [NEXT Canada](https://millionrounds.com/fund/next-ai) *Deploying now* Accelerator · Canada **70** **$1.1M** median round **Jan 2026** last seen - 11 [CIBC Innovation Banking](https://millionrounds.com/fund/cibc-innovation-banking) *Deploying now* VC firm **70** **$15M** median round **Sept 2026** last seen - 12 [Gold House Ventures](https://millionrounds.com/fund/gold-house) *Deploying now* Accelerator · United States **55** **$5.5M** median round **Aug 2026** last seen - 13 [N49P](https://millionrounds.com/fund/n49p) *Deploying now* VC firm · Canada **45** **$2.1M** median round **Sept 2026** last seen - 14 [Curql](https://millionrounds.com/fund/curql) *Deploying now* VC firm · United States **33** **$20M** median round **Oct 2026** last seen - 15 [Information Venture Partners](https://millionrounds.com/fund/information-venture-partners) *Deploying now* VC firm · Canada **14** **$26M** median round **Aug 2026** last seen - 16 [Aquiline](https://millionrounds.com/fund/aquiline) *Deploying now* VC firm · United States **5** **$29M** median round **Oct 2026** last seen - 17 [Vesey Ventures](https://millionrounds.com/fund/vesey-ventures) *Deploying now* VC firm · United States **3** **$60M** median round **Aug 2026** last seen - 18 [Curql Collective](https://millionrounds.com/fund/curql-collective) *Deploying now* Growth equity **2** **$26M** median round **Oct 2026** last seen - 19 [SAF Group](https://millionrounds.com/fund/saf-group) *Deploying now* Investment firm · Canada **1** **-** median round **Aug 2026** last seen - 20 [Alberta Accelerate Fund](https://millionrounds.com/fund/alberta-accelerate-fund) *Deploying now* Accelerator **1** **$39M** median round **Aug 2026** last seen - 21 [BDC's Growth Venture Fund](https://millionrounds.com/fund/bdc-s-growth-venture-fund) *Deploying now* VC firm **1** **$39M** median round **Aug 2026** last seen - 22 [Business Development Bank of Canada (BDC)'s Growth Venture Fund](https://millionrounds.com/fund/business-development-bank-of-canada-bdc-s-growth-venture-fun) *Deploying now* VC firm **1** **$39M** median round **Aug 2026** last seen ## The Newest Cheques Rounds this list's investors joined most recently - **6** Nov **[Humble Robotics](https://millionrounds.com/company/humble-robotics)** Series A · $51M *With* [Energy Impact Partners](https://millionrounds.com/fund/energy-impact-partners) - **3** Nov **[Guava](https://millionrounds.com/company/guava)** Seed · $13M *With* [Clocktower Ventures](https://millionrounds.com/fund/clocktower-ventures) - **30** Oct **[Neuron Industries](https://millionrounds.com/company/neuron-industries)** Seed · $10M *With* [Y Combinator](https://millionrounds.com/fund/y-combinator) - **30** Oct **[Serval](https://millionrounds.com/company/serval)** Series C · $150M *With* [Headline](https://millionrounds.com/fund/headline) - **29** Oct **[Reflex](https://millionrounds.com/company/reflex)** Series A · $14M *With* [Y Combinator](https://millionrounds.com/fund/y-combinator) - **28** Oct **[Broccoli AI](https://millionrounds.com/company/broccoli-ai)** Series B · $52M *With* [Y Combinator](https://millionrounds.com/fund/y-combinator) ## Stages This Year 1,209 rounds - Venture **27%** - Pre-seed **21%** - Seed **17%** - Series A **14%** - Series B **5%** - Other **17%** ## What They Backed Sectors, last 12 months - AI **619** - Fintech **79** - Big Data & Analytics **75** - Financial Services **56** - Healthcare **50** - Construction **37** ## Cheques by Quarter Led Joined 377 Q1 25 343 Q2 25 421 Q3 25 393 Q4 25 386 Q1 26 391 Q2 26 256 Q3 26 43 Q4 26 The last bar is the quarter still running. ## Lists Like This - [AI investors in United States 3,683](https://millionrounds.com/lists/ai-investors-in-united-states) - [Fintech investors in United States 1,166](https://millionrounds.com/lists/fintech-investors-in-united-states) - [AI investors in United Kingdom 1,039](https://millionrounds.com/lists/ai-investors-in-united-kingdom) - [Big Data & Analytics investors in United States 1,039](https://millionrounds.com/lists/big-data-investors-in-united-states) - [Biotech investors in United States 914](https://millionrounds.com/lists/biotech-investors-in-united-states) - [Energy investors in United States 798](https://millionrounds.com/lists/energy-investors-in-united-states) - [Robotics investors in United States 797](https://millionrounds.com/lists/robotics-investors-in-united-states) - [Construction investors in United States 742](https://millionrounds.com/lists/construction-investors-in-united-states) - [Cybersecurity investors in United States 702](https://millionrounds.com/lists/cybersecurity-investors-in-united-states) [All investor lists *→*](https://millionrounds.com/lists) ## Reading for founders in b2b software and saas - Lean B2B: Build Products Businesses Want Étienne Garbugli · 2014 4.16 from 249 ratings on Goodreads B2B software and SaaS About the book www.leanb2bbook.com « This is a must read for every B2B entrepreneur, SaaS creator or consultant and business school student. It's the kind of book you don't read once, you go back to it on a regular basis. » - Carmen Gerea, CEO & Co-founder, UsabilityChefs Lean B2B helps… On AmazonListen on Audible - The Pricing Roadmap: How to Design B2B SaaS Pricing Models That Your Customers Will Love Ulrik Lehrskov-Schmidt · 2023 4.43 from 207 ratings on Goodreads B2B software and SaaS About the book "The definitive resource on SaaS pricing, I absolutely can not recommend this book enough." Viktor Heide, COO of Contractbook.com, Forbes "30 under 30" A foolproof method to achieve skyrocketing sales, growth, and profits for your software as a service (SaaS) product starts… On AmazonListen on Audible - Integrity: The Courage to Meet the Demands of Reality Henry Cloud · 2006 4.22 from 3,393 ratings on Goodreads B2B software and SaaS About the book Integrity. It is more than simple honesty. It's the key to success. A person with integrity has the -- often rare -- ability to pull everything together, to make it all happen no matter how challenging the circumstances. Drawing on experiences from his work with Fortune 500… On AmazonListen on Audible - Blueprints for a SaaS Sales Organization by Jacco vanderKooij Jacco van der Kooij · 2015 4.33 from 324 ratings on Goodreads B2B software and SaaS About the book Because of their very nature, SaaS companies live and die on revenue growth. And once the service is ready there is a very small window in which to scale. Missing that window is the difference between massive success and mediocrity. With such high stakes, it is crucial to get a… On AmazonListen on Audible More books for founders and investors on the [Reading List](https://millionrounds.com/reading-list?role=founder&model=b2b_software). As an Amazon Associate we earn from qualifying purchases. ## Quick answers about B2B investors in Canada ### Who are the most active B2B investors in Canada? By cheques observed, the most active are Y Combinator, BDC Capital, Headline, MaRS Investment Accelerator Fund and Clocktower Ventures. ### How many B2B investors in Canada are there? 22 are on record. 100% made an investment in the last 12 months and 64% have led a round. ### Which stages do B2B investors in Canada back? Of the rounds with a named stage in the last 12 months, mostly Pre-seed (30%) and Seed (25%). ### How big are the rounds B2B investors in Canada join? The typical (median) round among the leading investors here is $15M. ### Which sectors do B2B investors in Canada back most? In the last 12 months, mostly AI, Fintech and Big Data & Analytics. ### Which B2B investors in Canada lead the most rounds? Headline (24 led), Y Combinator (11 led) and Energy Impact Partners (10 led). ### Where are B2B investors in Canada based? Among the most active, most are based in Canada (9), the United States (7) and New Zealand (1). ### What have B2B investors in Canada invested in recently? Recent rounds include Humble Robotics (Series A, Nov 2026, with Energy Impact Partners), Guava (Seed, Nov 2026, with Clocktower Ventures) and Neuron Industries (Seed, Oct 2026, with Y Combinator). Built from the rounds we watched, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections)