# Cloud investors in Canada (2026 list)

> 31 cloud investors in Canada, 94% active in the last 12 months. Led by Y Combinator, Intel Capital, Bessemer Venture Partners. Ranked by what they funded.

Source: https://millionrounds.com/lists/cloud-investors-in-canada (Millionrounds; every figure on the page links to its filing or article)

[Investor Lists](https://millionrounds.com/lists)

# Cloud investors in Canada

Updated 7 November 2026

Firms observed backing a cloud company in Canada in the last two years, wherever the firm is based.

[See all 31 *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Fcloud-investors-in-canada)The top 25

**31** investors on the list No change this week

**1,738** cheques in 12 months *-8%* against the market

**$11M** median round they joined *+43%* against the market median

**94%** wrote a cheque in 12 months

**65%** have led a round

## The Top 25

Ordered by cheques observed, never by anything anyone paid for

Deploying now (25)

- 1 [Y Combinator](https://millionrounds.com/fund/y-combinator) *Deploying now* Accelerator · United States **6,412** **$3M** median round **Oct 2026** last seen
- 2 [Intel Capital](https://millionrounds.com/fund/intel-capital) *Deploying now* Corporate VC · United States **1,123** **$22M** median round **Oct 2026** last seen
- 3 [Bessemer Venture Partners](https://millionrounds.com/fund/bessemer-venture-partners) *Deploying now* VC firm · United States **1,038** **$30M** median round **Nov 2026** last seen
- 4 [SOSV](https://millionrounds.com/fund/sosv) *Deploying now* VC firm · United States **951** **$2.5M** median round **Nov 2026** last seen
- 5 [Insight Partners](https://millionrounds.com/fund/insight-venture-partners) *Deploying now* VC firm · United States **765** **$40M** median round **Oct 2026** last seen
- 6 [BDC Capital](https://millionrounds.com/fund/bdc-venture-capital) *Deploying now* VC firm · Canada **685** **$6M** median round **Sept 2026** last seen
- 7 [Creative Destruction Lab](https://millionrounds.com/fund/creative-destruction-lab) *Deploying now* Accelerator · Canada **427** **$3M** median round **Sept 2026** last seen
- 8 [Inovia Capital](https://millionrounds.com/fund/inovia-capital) *Deploying now* VC firm · Canada **328** **$11M** median round **Nov 2026** last seen
- 9 [Real Ventures](https://millionrounds.com/fund/real-ventures-2) *Deploying now* Family office · Brazil **210** **$5M** median round **Oct 2026** last seen
- 10 [Ridge Ventures](https://millionrounds.com/fund/ridge-ventures) *Deploying now* VC firm · United States **210** **$6.5M** median round **Aug 2026** last seen
- 11 [Deutsche Bank](https://millionrounds.com/fund/deutsche-bank) *Deploying now* Corporate VC · Germany **144** **$175M** median round **Nov 2026** last seen
- 12 [M Ventures](https://millionrounds.com/fund/m-ventures) *Deploying now* Corporate VC · Switzerland **143** **$15M** median round **Sept 2026** last seen
- 13 [Canary](https://millionrounds.com/fund/canary) *Deploying now* VC firm · Brazil **141** **$6M** median round **Nov 2026** last seen
- 14 [Graph Ventures](https://millionrounds.com/fund/graph-ventures) *Deploying now* VC firm · United States **87** **$3.3M** median round **Oct 2026** last seen
- 15 [National Research Council of Canada Industrial Research Assistance Program](https://millionrounds.com/fund/national-research-council-of-canada-industrial-research-assi) *Deploying now* VC firm · Canada **80** **$444K** median round **Jul 2026** last seen
- 16 [Golden Ventures](https://millionrounds.com/fund/golden-ventures) *Deploying now* VC firm · Canada **78** **$8.8M** median round **Sept 2026** last seen
- 17 [National Bank of Canada](https://millionrounds.com/fund/national-bank-of-canada) *Deploying now* Private equity · Canada **77** **$74M** median round **Sept 2026** last seen
- 18 [Fonds de solidarite Ftq](https://millionrounds.com/fund/fonds-de-solidarite-ftq) *Deploying now* VC firm · Canada **58** **$21M** median round **Nov 2026** last seen
- 19 [Bank of Montreal (BMO)](https://millionrounds.com/fund/bmo-financial-group) *Deploying now* Corporate VC · Canada **54** **$63M** median round **Jun 2026** last seen
- 20 [La Caisse](https://millionrounds.com/fund/la-caisse) *Deploying now* Investment firm **53** **$120M** median round **Sept 2026** last seen
- 21 [Cycle Momentum](https://millionrounds.com/fund/cycle-momentum) *Deploying now* VC firm · Canada **52** **$2M** median round **Jun 2026** last seen
- 22 [Centech](https://millionrounds.com/fund/centech) *Deploying now* VC firm · Canada **45** **$1.4M** median round **May 2026** last seen
- 23 [UCeed](https://millionrounds.com/fund/uceed) *Deploying now* Investment firm **27** **$931K** median round **Jun 2026** last seen
- 24 [A16z Speedrun](https://millionrounds.com/fund/a16z-speedrun) *Deploying now* Accelerator · United States **22** **$6M** median round **Nov 2026** last seen
- 25 [GO Capital Fund](https://millionrounds.com/fund/investissement-quebec) *Deploying now* Government · Canada **19** **$28M** median round **Nov 2026** last seen

**6 more on this list**

All 31 are in the app, with filters for stage, sector and market. A free account shows 10 per search, Pro up to 1,000.

[See the whole list *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Fcloud-investors-in-canada)

## The Newest Cheques

Rounds this list's investors joined most recently

- **6** Nov **[Physicl](https://millionrounds.com/company/physicl)** Seed · $10M *Led by* [Inovia Capital](https://millionrounds.com/fund/inovia-capital)
- **6** Nov **[Harbinger](https://millionrounds.com/company/harbinger)** Series D+ · $240M *With* [Arctern Ventures](https://millionrounds.com/fund/arctern-ventures)
- **5** Nov **[Return](https://millionrounds.com/company/return)** Debt · $936M *With* [Deutsche Bank](https://millionrounds.com/fund/deutsche-bank)
- **5** Nov **[RadianX](https://millionrounds.com/company/radianx)** Seed · $9M *Led by* [SOSV](https://millionrounds.com/fund/sosv)
- **4** Nov **Sentra** Series C · $150M *With* [Bessemer Venture Partners](https://millionrounds.com/fund/bessemer-venture-partners)
- **3** Nov **[Thryv Therapeutics](https://millionrounds.com/company/thryv-therapeutics)** Series B · $30M *With* [GO Capital Fund](https://millionrounds.com/fund/investissement-quebec)

## Stages This Year

1,610 rounds

- Venture **23%**
- Seed **17%**
- Pre-seed **16%**
- Series A **13%**
- Debt **6%**
- Other **24%**

## What They Backed

Sectors, last 12 months

- AI **781**
- Big Data & Analytics **103**
- Fintech **90**
- Healthcare **76**
- Financial Services **67**
- Biotech **65**

## Cheques by Quarter

Led Joined

498 Q1 25

450 Q2 25

562 Q3 25

536 Q4 25

584 Q1 26

497 Q2 26

360 Q3 26

70 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 cloud investors in Canada

### Who are the most active cloud investors in Canada?

By cheques observed, the most active are Y Combinator, Intel Capital, Bessemer Venture Partners, SOSV and Insight Partners.

### How many cloud investors in Canada are there?

31 are on record. 94% made an investment in the last 12 months and 65% have led a round.

### Which stages do cloud investors in Canada back?

Of the rounds with a named stage in the last 12 months, mostly Seed (24%) and Pre-seed (23%).

### How big are the rounds cloud investors in Canada join?

The typical (median) round among the leading investors here is $6.5M.

### Which sectors do cloud investors in Canada back most?

In the last 12 months, mostly AI, Big Data & Analytics and Fintech.

### Which cloud investors in Canada lead the most rounds?

Bessemer Venture Partners (51 led), Insight Partners (43 led) and Intel Capital (19 led).

### Where are cloud investors in Canada based?

Among the most active, most are based in Canada (11), the United States (8) and Brazil (2).

### What have cloud investors in Canada invested in recently?

Recent rounds include Physicl (Seed, Nov 2026, with Inovia Capital), Harbinger (Series D+, Nov 2026, with Arctern Ventures) and Return (Debt, Nov 2026, with Deutsche Bank).

Built from the rounds we watched, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections)