# Investors based in Canada (2026 list)

> 3,870 investors based in Canada, 4% active in the last 12 months. Led by BDC Capital, Creative Destruction Lab, Inovia Capital. Ranked by what they funded.

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

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

# Investors based in Canada

Updated 26 October 2026

Firms headquartered in Canada, ordered by what we have observed them do rather than by what they claim to invest in. Where a firm sits is not where it invests; for that, see investors in Canada.

[See all 3,870 *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Finvestors-based-in-canada)The top 25

**3,870** investors on the list No change this week

**959** cheques in 12 months *+5%* against the market

**$8M** median round they joined *+0%* against the market median

**4%** wrote a cheque in 12 months

**3%** have led a round

## The Top 25

Ordered by cheques observed, never by anything anyone paid for

Deploying now (25)

- 1 [BDC Capital](https://millionrounds.com/fund/bdc-venture-capital) *Deploying now* VC firm · Canada **685** **$6M** median round **Sept 2026** last seen
- 2 [Creative Destruction Lab](https://millionrounds.com/fund/creative-destruction-lab) *Deploying now* Accelerator · Canada **427** **$3M** median round **Sept 2026** last seen
- 3 [Inovia Capital](https://millionrounds.com/fund/inovia-capital) *Deploying now* VC firm · Canada **324** **$11M** median round **Sept 2026** last seen
- 4 [Village Global](https://millionrounds.com/fund/village-global-2) *Deploying now* VC firm · Canada **292** **$8M** median round **Sept 2026** last seen
- 5 [Reach](https://millionrounds.com/fund/reach) *Deploying now* VC firm · Canada **217** **$5M** median round **Sept 2026** last seen
- 6 [Export Development Canada](https://millionrounds.com/fund/export-development-canada) *Deploying now* Government · Canada **162** **$15M** median round **Jun 2026** last seen
- 7 [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
- 8 [Government of Canada](https://millionrounds.com/fund/government-of-canada) *Deploying now* Government · Canada **136** **$2.1M** median round **Sept 2026** last seen
- 9 [Elevation Capital](https://millionrounds.com/fund/elevation-capital-2) *Deploying now* VC firm · Canada **128** **$10M** median round **Oct 2026** last seen
- 10 [Clocktower Ventures](https://millionrounds.com/fund/clocktower-ventures) *Deploying now* VC firm · Canada **122** **$8.2M** median round **Sept 2026** last seen
- 11 [Omers Ventures](https://millionrounds.com/fund/omers-ventures) *Deploying now* VC firm · Canada **118** **$21M** median round **Sept 2026** last seen
- 12 [CIBC](https://millionrounds.com/fund/cibc) *Deploying now* VC firm · Canada **116** **$26M** median round **Sept 2026** last seen
- 13 [Georgian](https://millionrounds.com/fund/georgian) *Deploying now* VC firm · Canada **99** **$49M** median round **Sept 2026** last seen
- 14 [Desjardins Venture Capital](https://millionrounds.com/fund/desjardins-venture-capital) *Deploying now* Government · Canada **95** **$4M** median round **Oct 2026** last seen
- 15 [Radical Ventures](https://millionrounds.com/fund/radical-ventures) *Deploying now* VC firm · Canada **94** **$26M** median round **Sept 2026** last seen
- 16 [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
- 17 [Version One Ventures](https://millionrounds.com/fund/version-one) *Deploying now* VC firm · Canada **88** **$5.9M** median round **Sept 2026** last seen
- 18 [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
- 19 [Panache Ventures](https://millionrounds.com/fund/panache-ventures) *Deploying now* VC firm · Canada **86** **$3.8M** median round **Sept 2026** last seen
- 20 [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
- 21 [Anges Quebec](https://millionrounds.com/fund/anges-quebec) *Deploying now* Angel network · Canada **82** **$1.7M** median round **Oct 2026** last seen
- 22 [Portage Ventures](https://millionrounds.com/fund/portage-vc) *Deploying now* VC firm · Canada **81** **$16M** median round **Sept 2026** last seen
- 23 [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
- 24 [Golden Ventures](https://millionrounds.com/fund/golden-ventures) *Deploying now* VC firm · Canada **78** **$8.8M** median round **Sept 2026** last seen
- 25 [FedDev](https://millionrounds.com/fund/feddev) *Deploying now* VC firm · Canada **77** **$1.3M** median round **Jul 2026** last seen

**3,845 more on this list**

Login free to see all 3,870, filter by stage, sector and market, and keep the ones that fit.

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

## The Newest Cheques

Rounds this list's investors joined most recently

- **23** Oct **[Deriva Energy](https://millionrounds.com/company/deriva-energy)** Debt · $540M *With* [Royal Bank of Canada](https://millionrounds.com/fund/royal-bank-of-canada)
- **22** Oct **[Neo Financial](https://millionrounds.com/company/neo-financial)** Debt · $132M *With* [Vancity](https://millionrounds.com/fund/vancity)
- **21** Oct **[Pennant](https://millionrounds.com/company/pennant)** Seed · $5M *Led by* [Urban Innovation Fund](https://millionrounds.com/fund/urban-innovation-fund)
- **20** Oct **[Quminex](https://millionrounds.com/company/quminex)** Pre-seed · $1.1M *Led by* [Quantacet](https://millionrounds.com/fund/quantacet)
- **20** Oct **[PataBid](https://millionrounds.com/company/patabid)** Pre-seed · $2M *Led by* [Graphite Ventures](https://millionrounds.com/fund/graphite-ventures)
- **20** Oct **[Vectorial AI Inc.](https://millionrounds.com/company/vectorial-ai-inc)** Seed · $3M *With* [Shopify](https://millionrounds.com/fund/shopify)

## Stages This Year

721 rounds

- Seed **18%**
- Venture **14%**
- Grant **13%**
- Debt **12%**
- Series A **11%**
- Other **33%**

## What They Backed

Sectors, last 12 months

- AI **235**
- Fintech **52**
- Energy **42**
- Biotech **42**
- Big Data & Analytics **39**
- Healthcare **34**

## Cheques by Quarter

Led Joined

231 Q1 25

228 Q2 25

264 Q3 25

233 Q4 25

275 Q1 26

310 Q2 26

196 Q3 26

25 Q4 26

The last bar is the quarter still running.

## Lists Like This

- [Investors based in United States 73,560](https://millionrounds.com/lists/investors-based-in-united-states)
- [Investors based in United Kingdom 8,105](https://millionrounds.com/lists/investors-based-in-united-kingdom)
- [Investors based in India 3,853](https://millionrounds.com/lists/investors-based-in-india)
- [Investors based in Germany 3,440](https://millionrounds.com/lists/investors-based-in-germany)
- [Investors based in China 3,020](https://millionrounds.com/lists/investors-based-in-china)
- [Investors based in United Arab Emirates 2,910](https://millionrounds.com/lists/investors-based-in-united-arab-emirates)
- [Investors based in Australia 2,576](https://millionrounds.com/lists/investors-based-in-australia)
- [Investors based in France 2,267](https://millionrounds.com/lists/investors-based-in-france)
- [Investors based in Brazil 2,013](https://millionrounds.com/lists/investors-based-in-brazil)

[All investor lists *→*](https://millionrounds.com/lists)

## Quick answers about investors based in Canada

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

By cheques observed, the most active are BDC Capital, Creative Destruction Lab, Inovia Capital, Village Global and Reach.

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

3,870 are on record. 4% made an investment in the last 12 months and 3% have led a round.

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

Of the rounds with a named stage in the last 12 months, mostly Seed (24%) and Grant (17%).

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

The typical (median) round among the leading investors here is $5.9M.

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

In the last 12 months, mostly AI, Fintech and Energy.

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

Radical Ventures (14 led), Georgian (13 led) and Inovia Capital (8 led).

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

Recent rounds include Deriva Energy (Debt, Oct 2026, with Royal Bank of Canada), Neo Financial (Debt, Oct 2026, with Vancity) and Pennant (Seed, Oct 2026, with Urban Innovation Fund).

### How is this list of investors based in Canada ranked?

By cheques observed, from the rounds and filings we watched, and never by anything anyone paid for. It is rebuilt every night.

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