# SaaS investors in Canada (2026 list)

> 21 saaS investors in Canada, 100% active in the last 12 months. Led by Accel, MaRS Investment Accelerator Fund, Golden Ventures. Ranked by what they funded.

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

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

# SaaS investors in Canada

Updated 7 November 2026

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

[See all 21 *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Fsaas-investors-in-canada)The top 21

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

**213** cheques in 12 months *+40%* against the market

**$2.7M** median round they joined *-66%* against the market median

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

**48%** have led a round

## The Top 21

Ordered by cheques observed, never by anything anyone paid for

Deploying now (21)

- 1 [Accel](https://millionrounds.com/fund/accel) *Deploying now* VC firm · United States **1,341** **$32M** median round **Nov 2026** last seen
- 2 [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
- 3 [Golden Ventures](https://millionrounds.com/fund/golden-ventures) *Deploying now* VC firm · Canada **78** **$8.8M** median round **Sept 2026** last seen
- 4 [Mistral](https://millionrounds.com/fund/mistral) *Deploying now* VC firm · Canada **59** **$4M** median round **Sept 2026** last seen
- 5 [Prairies Economic Development Canada](https://millionrounds.com/fund/prairies-economic-development-canada) *Deploying now* Investment firm **57** **$1.1M** median round **Sept 2026** last seen
- 6 [N49P](https://millionrounds.com/fund/n49p) *Deploying now* VC firm · Canada **45** **$2.1M** median round **Sept 2026** last seen
- 7 [A16z Speedrun](https://millionrounds.com/fund/a16z-speedrun) *Deploying now* Accelerator · United States **22** **$6M** median round **Nov 2026** last seen
- 8 [Whitecap Venture Partners](https://millionrounds.com/fund/whitecap-venture-partners) *Deploying now* VC firm · Canada **14** **$12M** median round **Sept 2026** last seen
- 9 [Sprout Fund](https://millionrounds.com/fund/sprout-fund) *Deploying now* VC firm · Canada **4** **$2.7M** median round **Oct 2026** last seen
- 10 [Avatar Leadership Fund](https://millionrounds.com/fund/avatar-leadership-fund) *Deploying now* VC firm **4** **$1.1M** median round **Sept 2026** last seen
- 11 [Frontier Growth](https://millionrounds.com/fund/frontier-growth) *Deploying now* VC firm · United States **3** **$27M** median round **Oct 2026** last seen
- 12 [Graphite Ventures](https://millionrounds.com/fund/graphite-ventures) *Deploying now* VC firm · Canada **3** **$3.5M** median round **Oct 2026** last seen
- 13 [QAI Ventures](https://millionrounds.com/fund/qai-ventures) *Deploying now* VC firm · Switzerland **3** **$2.6M** median round **Oct 2026** last seen
- 14 [Quantacet](https://millionrounds.com/fund/quantacet) *Deploying now* VC firm · Canada **2** **$16M** median round **Oct 2026** last seen
- 15 [Farhan Thawar](https://millionrounds.com/fund/farhan-thawar) *Deploying now* Angel **2** **$5.4M** median round **Sept 2026** last seen
- 16 [Founding Team](https://millionrounds.com/fund/founding-team) *Deploying now* VC firm **2** **$1.4M** median round **Oct 2026** last seen
- 17 [Bluesky Equities](https://millionrounds.com/fund/bluesky-equities) *Deploying now* Family office · Canada **1** **$2M** median round **Oct 2026** last seen
- 18 [Inverted Ventures](https://millionrounds.com/fund/inverted-ventures) *Deploying now* VC firm **1** **$2M** median round **Oct 2026** last seen
- 19 [NGIF (Northern Greece Investment Fund)](https://millionrounds.com/fund/ngif-northern-greece-investment-fund) *Deploying now* VC firm · Greece **1** **$1M** median round **Sept 2026** last seen
- 20 [Northside Ventures](https://millionrounds.com/fund/northside-ventures) *Deploying now* VC firm · Canada **1** **$2.4M** median round **Aug 2026** last seen
- 21 [Amar Varma](https://millionrounds.com/fund/amar-varma) *Deploying now* Angel **1** **$5.4M** median round **Sept 2026** last seen

## The Newest Cheques

Rounds this list's investors joined most recently

- **6** Nov **[Thinking Machines Lab](https://millionrounds.com/company/thinking-machines-lab)** Other · $5B *Led by* [Accel](https://millionrounds.com/fund/accel)
- **3** Nov **[SYNCERE](https://millionrounds.com/company/syncere)** Pre-seed · $11M *Led by* [A16z Speedrun](https://millionrounds.com/fund/a16z-speedrun)
- **3** Nov **[Athena](https://millionrounds.com/company/athena)** Pre-seed · $2.5M *Led by* [A16z Speedrun](https://millionrounds.com/fund/a16z-speedrun)
- **3** Nov **[Vereda](https://millionrounds.com/company/vereda)** Seed · $5.5M *With* [A16z Speedrun](https://millionrounds.com/fund/a16z-speedrun)
- **3** Nov **[PowerUp Money](https://millionrounds.com/company/powerup-money)** Other · $10M *With* [Accel](https://millionrounds.com/fund/accel)
- **28** Oct **[Hive](https://millionrounds.com/company/hive)** Series B · $27M *Led by* [Frontier Growth](https://millionrounds.com/fund/frontier-growth)

## Stages This Year

197 rounds

- Seed **23%**
- Series B **14%**
- Series A **14%**
- Grant **8%**
- Pre-seed **8%**
- Other **32%**

## What They Backed

Sectors, last 12 months

- AI **123**
- Cybersecurity **21**
- Fintech **13**
- Construction **13**
- Robotics **12**
- Enterprise Software **11**

## Cheques by Quarter

Led Joined

30 Q1 25

39 Q2 25

49 Q3 25

43 Q4 25

51 Q1 26

56 Q2 26

57 Q3 26

34 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 saaS investors in Canada

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

By cheques observed, the most active are Accel, MaRS Investment Accelerator Fund, Golden Ventures, Mistral and Prairies Economic Development Canada.

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

21 are on record. 100% made an investment in the last 12 months and 48% have led a round.

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

Of the rounds with a named stage in the last 12 months, mostly Seed (28%) and Series B (17%).

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

The typical (median) round among the leading investors here is $2.7M.

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

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

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

Accel (103 led), A16z Speedrun (12 led) and Whitecap Venture Partners (4 led).

### Where are saaS investors in Canada based?

Among the most active, most are based in Canada (10), the United States (3) and Switzerland (1).

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

Recent rounds include Thinking Machines Lab (Other, Nov 2026, with Accel), SYNCERE (Pre-seed, Nov 2026, with A16z Speedrun) and Athena (Pre-seed, Nov 2026, with A16z Speedrun).

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