# E-commerce investors in Canada (2026 list)

> 24 E-commerce investors in Canada, 100% active in the last 12 months. Led by Techstars, FJ Labs, Right Side Capital Management. Ranked by what they funded.

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

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

# E-commerce investors in Canada

Updated 7 November 2026

Firms observed backing an E-commerce company in Canada in the last two years, wherever the firm is based.

[See all 24 *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Fecommerce-investors-in-canada)The top 24

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

**479** cheques in 12 months *-48%* against the market

**$7.5M** median round they joined *-6%* against the market median

**100%** wrote a cheque in 12 months

**42%** have led a round

## The Top 24

Ordered by cheques observed, never by anything anyone paid for

Deploying now (24)

- 1 [Techstars](https://millionrounds.com/fund/techstars) *Deploying now* VC firm · United States **2,989** **$1.2M** median round **Nov 2026** last seen
- 2 [FJ Labs](https://millionrounds.com/fund/fj-labs) *Deploying now* VC firm · United States **849** **$11M** median round **Oct 2026** last seen
- 3 [Right Side Capital Management](https://millionrounds.com/fund/right-side-capital-management) *Deploying now* VC firm · United States **834** **$875K** median round **Sept 2026** last seen
- 4 [RTP Global](https://millionrounds.com/fund/rtp-global) *Deploying now* VC firm · United States **183** **$10M** median round **Sept 2026** last seen
- 5 [Team Ignite Ventures](https://millionrounds.com/fund/team-ignite-ventures) *Deploying now* VC firm · United States **177** **$2M** median round **Oct 2026** last seen
- 6 [Commerce Ventures](https://millionrounds.com/fund/commerce-ventures) *Deploying now* VC firm · United States **154** **$13M** median round **Nov 2026** last seen
- 7 [White Star Capital](https://millionrounds.com/fund/white-star-capital) *Deploying now* VC firm · United States **142** **$12M** median round **Sept 2026** last seen
- 8 [EDBI](https://millionrounds.com/fund/edbi) *Deploying now* VC firm · Singapore **109** **$32M** median round **Nov 2026** last seen
- 9 [Jungle Ventures](https://millionrounds.com/fund/jungle-ventures) *Deploying now* VC firm · Singapore **98** **$14M** median round **Oct 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 [Pacific Economic Development Canada](https://millionrounds.com/fund/pacific-economic-development-canada) *Deploying now* Investment firm **45** **$1.5M** median round **Sept 2026** last seen
- 12 [Gravitas Securities](https://millionrounds.com/fund/gravitas-securities) *Deploying now* VC firm · Canada **24** **$2.4M** median round **Sept 2026** last seen
- 13 [dunnhumby Ventures](https://millionrounds.com/fund/dunnhumby-ventures) *Deploying now* VC firm · United States **11** **$32M** median round **Oct 2026** last seen
- 14 [SaaStr Fund](https://millionrounds.com/fund/saastr-fund) *Deploying now* VC firm · United States **7** **$7.5M** median round **Jan 2026** last seen
- 15 [Puma Growth Partners](https://millionrounds.com/fund/puma-growth-partners) *Deploying now* Growth equity · United Kingdom **5** **$11M** median round **Oct 2026** last seen
- 16 [MaRS IAF](https://millionrounds.com/fund/mars-iaf) *Deploying now* VC firm **4** **$4.2M** median round **Oct 2026** last seen
- 17 [Mu Ventures](https://millionrounds.com/fund/mu-ventures) *Deploying now* VC firm · United States **3** **$3.3M** median round **Oct 2026** last seen
- 18 [Rank Ventures](https://millionrounds.com/fund/rank-ventures) *Deploying now* VC firm · United States **2** **$7.6M** median round **Oct 2026** last seen
- 19 [Twinpath](https://millionrounds.com/fund/twinpath) *Deploying now* VC firm **2** **$7.6M** median round **Oct 2026** last seen
- 20 [Angels from Google DeepMind and Legora](https://millionrounds.com/fund/angels-from-google-deepmind-and-legora) *Deploying now* VC firm **1** **$11M** median round **Oct 2026** last seen
- 21 [angel investors from Google DeepMind and Legora](https://millionrounds.com/fund/angel-investors-from-google-deepmind-and-legora) *Deploying now* VC firm **1** **$11M** median round **Oct 2026** last seen
- 22 [founders of Gorgias](https://millionrounds.com/fund/founders-of-gorgias) *Deploying now* VC firm **1** **$3.3M** median round **Jan 2026** last seen
- 23 [operators from Datadog](https://millionrounds.com/fund/operators-from-datadog) *Deploying now* VC firm **1** **$3.3M** median round **Jan 2026** last seen
- 24 [operators from Ramp](https://millionrounds.com/fund/operators-from-ramp) *Deploying now* VC firm **1** **$3.3M** median round **Jan 2026** last seen

## The Newest Cheques

Rounds this list's investors joined most recently

- **4** Nov **[Lazarus AI](https://millionrounds.com/company/lazarus-ai)** $43M *With* [Techstars](https://millionrounds.com/fund/techstars)
- **3** Nov **[Guava](https://millionrounds.com/company/guava)** Seed · $13M *With* [Commerce Ventures](https://millionrounds.com/fund/commerce-ventures)
- **3** Nov **[NeoSci Ventures](https://millionrounds.com/company/neosci-ventures)** Other · $55M *With* [EDBI](https://millionrounds.com/fund/edbi)
- **27** Oct **[ClarityCare](https://millionrounds.com/company/claritycare)** Series A · $17M *With* [FJ Labs](https://millionrounds.com/fund/fj-labs)
- **23** Oct **[Intuitivo](https://millionrounds.com/company/intuitivo)** Seed *With* [Techstars](https://millionrounds.com/fund/techstars)
- **22** Oct **[Kevel](https://millionrounds.com/company/kevel)** Growth · $52M *With* [dunnhumby Ventures](https://millionrounds.com/fund/dunnhumby-ventures)

## Stages This Year

446 rounds

- Venture **27%**
- Series A **22%**
- Seed **17%**
- Pre-seed **9%**
- Grant **6%**
- Other **19%**

## What They Backed

Sectors, last 12 months

- AI **138**
- IT Services **33**
- Fintech **28**
- Healthcare **23**
- Big Data & Analytics **22**
- Financial Services **20**

## Cheques by Quarter

Led Joined

252 Q1 25

239 Q2 25

263 Q3 25

210 Q4 25

177 Q1 26

135 Q2 26

84 Q3 26

23 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 e-commerce and consumer brands

- Product Research 101: Find Winning Products to Sell on Amazon and Beyond Renae Clark · 2015 4.20 from 304 ratings on Goodreads E-commerce and consumer brands About the book Just getting started with product research and sourcing? Stuck trying to find ideas or find that “perfect” winning product? Want to find good selling products that others are ignoring? Interested in wholesale or private label products? If you answered yes, then this book is for… On AmazonListen on Audible
- You Must Write a Book: Boost Your Brand, Get More Business, and Become the Go-To Expert Honoree Corder · 2016 4.21 from 280 ratings on Goodreads E-commerce and consumer brands About the book Honorée Corder is the author of dozens of books, she does all sorts of other magical things, and her badassery is legendary. She is Hal Elrod's business partner and co-creator of The Miracle Morning book series, and she coaches high profile professionals, guiding them into some… On AmazonListen on Audible
- The Everything Store: Jeff Bezos and the Age of Amazon Brad Stone · 2013 4.13 from 78,706 ratings on Goodreads E-commerce and consumer brands About the book The definitive story of Amazon.com, one of the most successful companies in the world, and of its driven, brilliant founder, Jeff Bezos. Amazon.com started off delivering books through the mail. But its visionary founder, Jeff Bezos, wasn't content with being a bookseller. He… On AmazonListen on Audible
- The Everything War: Amazon’s Ruthless Quest to Own the World and Remake Corporate Power Dana Mattioli · 2024 4.12 from 1,461 ratings on Goodreads E-commerce and consumer brands About the book From veteran Amazon reporter for The Wall Street Journal, and finalist for the Pulitzer Prize in investigative reporting, Dana Mattioli's The Everything War is the shocking, explosive, and untold exposé of Amazon's endless strategic greed, from destroying Main Street to remaking… On AmazonListen on Audible

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

As an Amazon Associate we earn from qualifying purchases.

## Quick answers about E-commerce investors in Canada

### Who are the most active E-commerce investors in Canada?

By cheques observed, the most active are Techstars, FJ Labs, Right Side Capital Management, RTP Global and Team Ignite Ventures.

### How many E-commerce investors in Canada are there?

24 are on record. 100% made an investment in the last 12 months and 42% have led a round.

### Which stages do E-commerce investors in Canada back?

Of the rounds with a named stage in the last 12 months, mostly Series A (32%) and Seed (26%).

### How big are the rounds E-commerce investors in Canada join?

The typical (median) round among the leading investors here is $7.6M.

### Which sectors do E-commerce investors in Canada back most?

In the last 12 months, mostly AI, IT Services and Fintech.

### Which E-commerce investors in Canada lead the most rounds?

RTP Global (14 led), White Star Capital (10 led) and Jungle Ventures (5 led).

### Where are E-commerce investors in Canada based?

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

### What have E-commerce investors in Canada invested in recently?

Recent rounds include Lazarus AI (Nov 2026, with Techstars), Guava (Seed, Nov 2026, with Commerce Ventures) and NeoSci Ventures (Other, Nov 2026, with EDBI).

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