# Construction investors in Canada (2026 list)

> 59 construction investors in Canada, 97% active in the last 12 months. Led by Y Combinator, Techstars, FJ Labs. Ranked by what they funded.

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

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

# Construction investors in Canada

Updated 7 November 2026

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

[See all 59 *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Fconstruction-investors-in-canada)The top 25

**59** investors on the list *-2* this week

**2,021** cheques in 12 months *-22%* against the market

**$4.5M** median round they joined *-43%* against the market median

**97%** wrote a cheque in 12 months

**46%** 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 [Techstars](https://millionrounds.com/fund/techstars) *Deploying now* VC firm · United States **2,989** **$1.2M** median round **Nov 2026** last seen
- 3 [FJ Labs](https://millionrounds.com/fund/fj-labs) *Deploying now* VC firm · United States **849** **$11M** median round **Oct 2026** last seen
- 4 [BDC Capital](https://millionrounds.com/fund/bdc-venture-capital) *Deploying now* VC firm · Canada **685** **$6M** median round **Sept 2026** last seen
- 5 [Creative Destruction Lab](https://millionrounds.com/fund/creative-destruction-lab) *Deploying now* Accelerator · Canada **427** **$3M** median round **Sept 2026** last seen
- 6 [Inovia Capital](https://millionrounds.com/fund/inovia-capital) *Deploying now* VC firm · Canada **328** **$11M** median round **Nov 2026** last seen
- 7 [Hustle Fund](https://millionrounds.com/fund/hustle-fund) *Deploying now* VC firm · United States **280** **$3M** median round **Oct 2026** last seen
- 8 [Real Ventures](https://millionrounds.com/fund/real-ventures-2) *Deploying now* Family office · Brazil **210** **$5M** median round **Oct 2026** last seen
- 9 [Forum Ventures](https://millionrounds.com/fund/forum-ventures) *Deploying now* VC firm · United States **208** **$1.5M** median round **Oct 2026** last seen
- 10 [Team Ignite Ventures](https://millionrounds.com/fund/team-ignite-ventures) *Deploying now* VC firm · United States **177** **$2M** median round **Oct 2026** last seen
- 11 [Export Development Canada](https://millionrounds.com/fund/export-development-canada) *Deploying now* Government · Canada **163** **$15M** median round **Oct 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 [Government of Canada](https://millionrounds.com/fund/government-of-canada) *Deploying now* Government · Canada **138** **$2.5M** median round **Oct 2026** last seen
- 14 [Borderless Capital](https://millionrounds.com/fund/borderless-capital) *Deploying now* Accelerator · United States **120** **$4.5M** median round **Oct 2026** last seen
- 15 [M25](https://millionrounds.com/fund/m25) *Deploying now* VC firm · United States **115** **$2.2M** median round **Sept 2026** last seen
- 16 [SE Ventures](https://millionrounds.com/fund/se-ventures) *Deploying now* Corporate VC · United States **112** **$16M** median round **Oct 2026** last seen
- 17 [Energy Impact Partners](https://millionrounds.com/fund/energy-impact-partners) *Deploying now* VC firm · United States **108** **$30M** median round **Nov 2026** last seen
- 18 [Desjardins Venture Capital](https://millionrounds.com/fund/desjardins-venture-capital) *Deploying now* Government · Canada **95** **$4M** median round **Oct 2026** last seen
- 19 [Radical Ventures](https://millionrounds.com/fund/radical-ventures) *Deploying now* VC firm · Canada **94** **$26M** median round **Sept 2026** last seen
- 20 [Sustainable Development Technology Canada](https://millionrounds.com/fund/sustainable-development-technology-canada) *Deploying now* VC firm · Canada **93** **$2M** median round **May 2026** last seen
- 21 [Atlantic Canada Opportunities Agency](https://millionrounds.com/fund/atlantic-canada-opportunities-agency) *Deploying now* VC firm · Canada **88** **$505K** median round **Sept 2026** last seen
- 22 [Panache Ventures](https://millionrounds.com/fund/panache-ventures) *Deploying now* VC firm · Canada **86** **$3.8M** median round **Sept 2026** last seen
- 23 [Ontario Centres of Excellence](https://millionrounds.com/fund/ontario-centres-of-excellence) *Deploying now* VC firm · Canada **83** **$414K** median round **May 2026** last seen
- 24 [Powerhouse Ventures](https://millionrounds.com/fund/powerhouse-ventures-limited) *Deploying now* VC firm · New Zealand **80** **$3.3M** median round **May 2026** last seen
- 25 [Golden Ventures](https://millionrounds.com/fund/golden-ventures) *Deploying now* VC firm · Canada **78** **$8.8M** median round **Sept 2026** last seen

**34 more on this list**

All 59 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%2Fconstruction-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 **[Humble Robotics](https://millionrounds.com/company/humble-robotics)** Series A · $51M *With* [Energy Impact Partners](https://millionrounds.com/fund/energy-impact-partners)
- **4** Nov **[Lazarus AI](https://millionrounds.com/company/lazarus-ai)** $43M *With* [Techstars](https://millionrounds.com/fund/techstars)
- **30** Oct **[Neoen](https://millionrounds.com/company/neoen)** Debt · $1.3B *With* [Export Development Canada](https://millionrounds.com/fund/export-development-canada)
- **30** Oct **[Neuron Industries](https://millionrounds.com/company/neuron-industries)** Seed · $10M *With* [Y Combinator](https://millionrounds.com/fund/y-combinator)
- **29** Oct **[PMET Resources Inc.](https://millionrounds.com/company/pmet-resources-inc)** Grant · $868K *Led by* [Natural Resources Canada](https://millionrounds.com/fund/natural-resources)

## Stages This Year

1,813 rounds

- Venture **24%**
- Seed **18%**
- Pre-seed **17%**
- Series A **14%**
- Grant **7%**
- Other **21%**

## What They Backed

Sectors, last 12 months

- AI **811**
- Big Data & Analytics **105**
- Fintech **102**
- Healthcare **77**
- Financial Services **77**
- Energy **66**

## Cheques by Quarter

Led Joined

718 Q1 25

636 Q2 25

745 Q3 25

682 Q4 25

663 Q1 26

628 Q2 26

386 Q3 26

67 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 real estate and construction

- The Book of YES: The Ultimate Real Estate Agent Conversation Guide Kevin Ward · 2016 4.10 from 253 ratings on Goodreads Real estate and construction Company building About the book The Book of YES In Kevin Ward's book, you will find the most powerful scripts in the real estate industry today. If you’re tired of the same old sales scripts or if you’ve done away with them all together, I know how you feel because I’ve been there. I was tired of seeing the… On AmazonListen on Audible
- The Book on Investing In Real Estate with No (and Low) Money Down: Creative Strategies for Investing in Real Estate Using Other People's Money Brandon Turner · 2014 4.18 from 2,560 ratings on Goodreads Real estate and construction Innovation Company building About the book COMPLETELY REVISED AND UPDATED Is your lack of cash holding you back from your real estate dreams? Discover the creative real estate financing techniques that savvy investors are using to do more deals, more often. No matter how much money you have in your checking… On AmazonListen on Audible
- Confessions of a Real Estate Entrepreneur: What It Takes to Win in High-Stakes Commercial Real Estate: What it Takes to Win in High-Stakes Commercial Real Estate James A. Randel · 2005 4.13 from 277 ratings on Goodreads Real estate and construction Company building About the book A front row seat into the world of high-stakes commercial real estate investing “A must-read book … one of the best real estate investment books I have ever read. On my scale of 1 to 10, this unique book rates an off-the-charts 12.” ---Robert Bruss Confessions of a Real Estate… On AmazonListen on Audible
- The Public Domain: Enclosing the Commons of the Mind James Boyle · 2008 4.12 from 349 ratings on Goodreads Real estate and construction Innovation About the book In this enlightening book James Boyle describes what he calls the range wars of the information age, today’s heated battles over intellectual property. Boyle argues that just as every informed citizen needs to know at least something about the environment or civil rights, every… On AmazonListen on Audible

More books for founders and investors on the [Reading List](https://millionrounds.com/reading-list?role=founder&industry=real_estate).

As an Amazon Associate we earn from qualifying purchases.

## Quick answers about construction investors in Canada

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

By cheques observed, the most active are Y Combinator, Techstars, FJ Labs, BDC Capital and Creative Destruction Lab.

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

59 are on record. 97% made an investment in the last 12 months and 46% have led a round.

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

Of the rounds with a named stage in the last 12 months, mostly Seed (25%) and Pre-seed (23%).

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

The typical (median) round among the leading investors here is $3.8M.

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

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

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

Radical Ventures (14 led), Y Combinator (11 led) and Energy Impact Partners (10 led).

### Where are construction investors in Canada based?

Among the most active, most are based in Canada (12), the United States (10) and Brazil (1).

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

Recent rounds include Physicl (Seed, Nov 2026, with Inovia Capital), Humble Robotics (Series A, Nov 2026, with Energy Impact Partners) and Lazarus AI (Nov 2026, with Techstars).

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