# Lead investors in Canada (2026 list) > 132 lead investors in Canada, 90% active in the last 12 months. Led by Khosla Ventures, BDC Capital, OrbiMed. Ranked by what they funded. Source: https://millionrounds.com/lists/lead-investors-in-canada (Millionrounds; every figure on the page links to its filing or article) [Investor Lists](https://millionrounds.com/lists) # Lead investors in Canada Updated 7 November 2026 Firms we have watched lead a round raised by a company in Canada in the last two years, wherever the firm is based. [See all 132 *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Flead-investors-in-canada)The top 25 **132** investors on the list *+4* this week **1,102** cheques in 12 months *+8%* against the market **$11M** median round they joined *+41%* against the market median **90%** wrote a cheque in 12 months **100%** have led a round ## The Top 25 Ordered by cheques observed, never by anything anyone paid for Deploying now (25) - 1 [Khosla Ventures](https://millionrounds.com/fund/khosla-ventures) *Deploying now* VC firm · United States **1,128** **$26M** median round **Nov 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 [OrbiMed](https://millionrounds.com/fund/orbimed) *Deploying now* Private equity · United States **447** **$71M** median round **Oct 2026** last seen - 4 [Fidelity](https://millionrounds.com/fund/fidelity) *Deploying now* VC firm · United States **360** **$119M** median round **Nov 2026** last seen - 5 [Inovia Capital](https://millionrounds.com/fund/inovia-capital) *Deploying now* VC firm · Canada **328** **$11M** median round **Nov 2026** last seen - 6 [Quiet Capital](https://millionrounds.com/fund/quiet-capital) *Deploying now* VC firm · United States **283** **$17M** median round **Oct 2026** last seen - 7 [General Atlantic](https://millionrounds.com/fund/general-atlantic) *Deploying now* Private equity · United States **273** **$127M** median round **Oct 2026** last seen - 8 [Initialized Capital](https://millionrounds.com/fund/initialized-capital) *Deploying now* VC firm · United States **229** **$6.9M** median round **Oct 2026** last seen - 9 [Tribe Capital](https://millionrounds.com/fund/tribe-capital) *Deploying now* VC firm · United States **210** **$12M** median round **Oct 2026** last seen - 10 [RTP Global](https://millionrounds.com/fund/rtp-global) *Deploying now* VC firm · United States **183** **$10M** median round **Sept 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 [Caffeinated Capital](https://millionrounds.com/fund/caffeinated-capital) *Deploying now* VC firm · United States **143** **$14M** median round **Sept 2026** last seen - 13 [Base10 Partners](https://millionrounds.com/fund/base10-partners) *Deploying now* VC firm · United States **137** **$15M** median round **Oct 2026** last seen - 14 [Infinity Ventures](https://millionrounds.com/fund/infinity-ventures) *Deploying now* VC firm · United States **130** **$6.8M** median round **Sept 2026** last seen - 15 [Edison Partners](https://millionrounds.com/fund/edison-partners) *Deploying now* Private equity · United States **118** **$15M** median round **Oct 2026** last seen - 16 [Omers Ventures](https://millionrounds.com/fund/omers-ventures) *Deploying now* VC firm · Canada **118** **$21M** median round **Sept 2026** last seen - 17 [Social Leverage](https://millionrounds.com/fund/social-leverage) *Deploying now* VC firm · United States **113** **$4.2M** median round **Oct 2026** last seen - 18 [Hatteras Venture Partners](https://millionrounds.com/fund/hatteras-venture-partners) *Deploying now* VC firm · United States **104** **$20M** median round **Nov 2026** last seen - 19 [S2G Investments](https://millionrounds.com/fund/s2g-investments) *Deploying now* Growth equity · United States **102** **$16M** median round **Oct 2026** last seen - 20 [Georgian](https://millionrounds.com/fund/georgian) *Deploying now* VC firm · Canada **100** **$52M** median round **Oct 2026** last seen - 21 [Radical Ventures](https://millionrounds.com/fund/radical-ventures) *Deploying now* VC firm · Canada **94** **$26M** median round **Sept 2026** last seen - 22 [GIC](https://millionrounds.com/fund/gic) *Deploying now* Private equity · Singapore **92** **$200M** median round **Oct 2026** last seen - 23 [Mubadala](https://millionrounds.com/fund/mubadala) *Deploying now* Private equity · United Arab Emirates **91** **$80M** median round **Sept 2026** last seen - 24 [Company Ventures](https://millionrounds.com/fund/ag-ventures) *Deploying now* VC firm · United States **90** **$9.8M** median round **Aug 2026** last seen - 25 [Version One Ventures](https://millionrounds.com/fund/version-one) *Deploying now* VC firm · Canada **88** **$5.9M** median round **Sept 2026** last seen **107 more on this list** All 132 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%2Flead-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* [Fidelity](https://millionrounds.com/fund/fidelity) - **5** Nov **[Return](https://millionrounds.com/company/return)** Debt · $936M *With* [Deutsche Bank](https://millionrounds.com/fund/deutsche-bank) - **5** Nov **[Zipline](https://millionrounds.com/company/zipline)** Growth · $1.5B *With* [Fidelity](https://millionrounds.com/fund/fidelity) - **3** Nov **[Thryv Therapeutics](https://millionrounds.com/company/thryv-therapeutics)** Series B · $30M *Led by* [InClin](https://millionrounds.com/fund/inclin) - **3** Nov **[SYNCERE](https://millionrounds.com/company/syncere)** Pre-seed · $11M *Led by* [A16z Speedrun](https://millionrounds.com/fund/a16z-speedrun) ## Stages This Year 969 rounds - Seed **17%** - Series A **15%** - Venture **13%** - Series B **11%** - Other **9%** - Other **35%** ## What They Backed Sectors, last 12 months - AI **400** - Biotech **90** - Fintech **75** - Healthcare **66** - Energy **52** - Big Data & Analytics **51** ## Cheques by Quarter Led Joined 243 Q1 25 267 Q2 25 294 Q3 25 297 Q4 25 298 Q1 26 320 Q2 26 266 Q3 26 107 Q4 26 The last bar is the quarter still running. ## Lists Like This - [AI lead investors 1,723](https://millionrounds.com/lists/ai-lead-investors) - [Lead investors in United States 1,370](https://millionrounds.com/lists/lead-investors-in-united-states) - [Seed lead investors 1,091](https://millionrounds.com/lists/seed-lead-investors) - [Series A lead investors 920](https://millionrounds.com/lists/series-a-lead-investors) - [Fintech lead investors 763](https://millionrounds.com/lists/fintech-lead-investors) - [Series B lead investors 579](https://millionrounds.com/lists/series-b-lead-investors) - [Growth lead investors 555](https://millionrounds.com/lists/growth-lead-investors) - [Robotics lead investors 397](https://millionrounds.com/lists/robotics-lead-investors) - [Pre-seed lead investors 396](https://millionrounds.com/lists/pre-seed-lead-investors) [All investor lists *→*](https://millionrounds.com/lists) ## Quick answers about lead investors in Canada ### Who are the most active lead investors in Canada? By cheques observed, the most active are Khosla Ventures, BDC Capital, OrbiMed, Fidelity and Inovia Capital. ### How many lead investors in Canada are there? 132 are on record. 90% made an investment in the last 12 months and 100% have led a round. ### Which stages do lead investors in Canada back? Of the rounds with a named stage in the last 12 months, mostly Seed (23%) and Series A (20%). ### How big are the rounds lead investors in Canada join? The typical (median) round among the leading investors here is $16M. ### Which sectors do lead investors in Canada back most? In the last 12 months, mostly AI, Biotech and Fintech. ### Which lead investors in Canada lead the most rounds? Khosla Ventures (57 led), General Atlantic (32 led) and Base10 Partners (17 led). ### Where are lead investors in Canada based? Among the most active, most are based in the United States (16), Canada (6) and Germany (1). ### What have lead investors in Canada invested in recently? Recent rounds include Physicl (Seed, Nov 2026, with Inovia Capital), Harbinger (Series D+, Nov 2026, with Fidelity) 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)