# Series B investors based in Toronto (2026 list) > 19 series B investors based in Toronto, 89% active in the last 12 months. Led by Creative Destruction Lab, Reach, MaRS Investment Accelerator Fund. Source: https://millionrounds.com/lists/series-b-investors-based-in-toronto (Millionrounds; every figure on the page links to its filing or article) [Investor Lists](https://millionrounds.com/lists) # Series B investors based in Toronto Updated 7 November 2026 Firms with an address in Toronto that we have watched take part in a Series B round in the last two years. [See all 19 *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Fseries-b-investors-based-in-toronto)The top 19 **19** investors on the list No change this week **221** cheques in 12 months *-6%* against the market **$20M** median round they joined *+150%* against the market median **89%** wrote a cheque in 12 months **68%** have led a round ## The Top 19 Ordered by cheques observed, never by anything anyone paid for Deploying now (17) - 1 [Creative Destruction Lab](https://millionrounds.com/fund/creative-destruction-lab) *Deploying now* Accelerator · Canada **427** **$3M** median round **Sept 2026** last seen - 2 [Reach](https://millionrounds.com/fund/reach) *Deploying now* VC firm · Canada **217** **$5M** median round **Sept 2026** last seen - 3 [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 - 4 [Omers Ventures](https://millionrounds.com/fund/omers-ventures) *Deploying now* VC firm · Canada **118** **$21M** median round **Sept 2026** last seen - 5 [CIBC](https://millionrounds.com/fund/cibc) *Deploying now* VC firm · Canada **117** **$26M** median round **Oct 2026** last seen - 6 [Georgian](https://millionrounds.com/fund/georgian) *Deploying now* VC firm · Canada **100** **$52M** median round **Oct 2026** last seen - 7 [Radical Ventures](https://millionrounds.com/fund/radical-ventures) *Deploying now* VC firm · Canada **94** **$26M** median round **Sept 2026** last seen - 8 [Golden Ventures](https://millionrounds.com/fund/golden-ventures) *Deploying now* VC firm · Canada **78** **$8.8M** median round **Sept 2026** last seen - 9 [DMZ](https://millionrounds.com/fund/dmz-ventures) *Deploying now* Accelerator · Canada **73** **$1M** median round **Nov 2026** last seen - 10 [Bank of Montreal (BMO)](https://millionrounds.com/fund/bmo-financial-group) *Deploying now* Corporate VC · Canada **54** **$63M** median round **Jun 2026** last seen - 11 [Lumira Ventures](https://millionrounds.com/fund/lumira-ventures) *Deploying now* VC firm · Canada **43** **$37M** median round **Nov 2026** last seen - 12 [GreenSky Ventures](https://millionrounds.com/fund/greensky-ventures) *Deploying now* VC firm · Canada **35** **$2M** median round **Oct 2026** last seen - 13 [Anthos Capital](https://millionrounds.com/fund/anthos-capital) *Deploying now* VC firm · United States **13** **$27M** median round **Apr 2026** last seen - 14 [Impression Ventures](https://millionrounds.com/fund/impression-ventures) *Deploying now* VC firm · Canada **9** **$8.7M** median round **Apr 2026** last seen - 15 [Arctern Ventures](https://millionrounds.com/fund/arctern-ventures) *Deploying now* VC firm · Canada **8** **$13M** median round **Nov 2026** last seen - 16 [Graphite Ventures](https://millionrounds.com/fund/graphite-ventures) *Deploying now* VC firm · Canada **3** **$3.5M** median round **Oct 2026** last seen - 17 [Climate Innovation Capital](https://millionrounds.com/fund/climate-innovation-capital) quiet VC firm · Canada **1** **$35M** median round **Sept 2025** last seen - 18 [Harlo Equity Partners](https://millionrounds.com/fund/harlo-equity-partners) *Deploying now* VC firm · Canada **1** **$20M** median round **Apr 2026** last seen - 19 [J17 Ventures](https://millionrounds.com/fund/j17-ventures) quiet VC firm · Canada **1** **$100M** median round **Jan 2025** last seen ## The Newest Cheques Rounds this list's investors joined most recently - **6** Nov **[Harbinger](https://millionrounds.com/company/harbinger)** Series D+ · $240M *With* [Arctern Ventures](https://millionrounds.com/fund/arctern-ventures) - **3** Nov **[Thryv Therapeutics](https://millionrounds.com/company/thryv-therapeutics)** Series B · $30M *With* [Lumira Ventures](https://millionrounds.com/fund/lumira-ventures) - **2** Nov **[Hey Cleo](https://millionrounds.com/company/hey-cleo)** Other · $72K *Led by* [DMZ](https://millionrounds.com/fund/dmz-ventures) - **2** Nov **[Specific Biologics](https://millionrounds.com/company/specific-biologics)** Series A · $35M *With* [Lumira Ventures](https://millionrounds.com/fund/lumira-ventures) - **30** Oct **[Bot Food](https://millionrounds.com/company/bot-food)** Pre-seed · $1.5M *Led by* [GreenSky Ventures](https://millionrounds.com/fund/greensky-ventures) - **29** Oct **[Bot Food](https://millionrounds.com/company/bot-food)** Pre-seed · $1.1M *Led by* [GreenSky Ventures](https://millionrounds.com/fund/greensky-ventures) ## Stages This Year 207 rounds - Venture **21%** - Seed **14%** - Grant **12%** - Series A **11%** - Debt **11%** - Other **32%** ## What They Backed Sectors, last 12 months - AI **67** - Biotech **19** - Big Data & Analytics **15** - Energy **12** - Healthcare **11** - Cybersecurity **10** ## Cheques by Quarter Led Joined 57 Q1 25 62 Q2 25 67 Q3 25 61 Q4 25 79 Q1 26 69 Q2 26 44 Q3 26 10 Q4 26 The last bar is the quarter still running. ## Lists Like This - [AI investors based in San Francisco 353](https://millionrounds.com/lists/ai-investors-based-in-san-francisco) - [AI investors based in New York 345](https://millionrounds.com/lists/ai-investors-based-in-new-york) - [Seed investors based in San Francisco 273](https://millionrounds.com/lists/seed-investors-based-in-san-francisco) - [Series A investors based in San Francisco 266](https://millionrounds.com/lists/series-a-investors-based-in-san-francisco) - [Series A investors based in New York 255](https://millionrounds.com/lists/series-a-investors-based-in-new-york) - [Seed investors based in New York 227](https://millionrounds.com/lists/seed-investors-based-in-new-york) - [AI investors based in London 223](https://millionrounds.com/lists/ai-investors-based-in-london) - [Series B investors based in New York 198](https://millionrounds.com/lists/series-b-investors-based-in-new-york) - [Fintech investors based in New York 197](https://millionrounds.com/lists/fintech-investors-based-in-new-york) [All investor lists *→*](https://millionrounds.com/lists) ## Quick answers about series B investors based in Toronto ### Who are the most active series B investors based in Toronto? By cheques observed, the most active are Creative Destruction Lab, Reach, MaRS Investment Accelerator Fund, Omers Ventures and CIBC. ### How many series B investors based in Toronto are there? 19 are on record. 89% made an investment in the last 12 months and 68% have led a round. ### Which stages do series B investors based in Toronto back? Of the rounds with a named stage in the last 12 months, mostly Seed (20%) and Grant (17%). ### How big are the rounds series B investors based in Toronto join? The typical (median) round among the leading investors here is $20M. ### Which sectors do series B investors based in Toronto back most? In the last 12 months, mostly AI, Biotech and Big Data & Analytics. ### Which series B investors based in Toronto lead the most rounds? Radical Ventures (14 led), Georgian (13 led) and Omers Ventures (7 led). ### What have series B investors based in Toronto invested in recently? Recent rounds include Harbinger (Series D+, Nov 2026, with Arctern Ventures), Thryv Therapeutics (Series B, Nov 2026, with Lumira Ventures) and Hey Cleo (Other, Nov 2026, with DMZ). ### How is this list of series B investors based in Toronto 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)