# Panache Ventures Portfolio Map 2026: 30 Startups by Sector > Panache Ventures's portfolio mapped: 30 startups it has backed, in 5 sectors from AI, Fintech and IT Services on. Source: https://millionrounds.com/portfolio-maps/panache-ventures-portfolio-map (Millionrounds; every figure on the page links to its filing or article) ## AI 13 - [Relay](https://millionrounds.com/company/relay) - [Biossil](https://millionrounds.com/company/biossil) - [Forma.ai](https://millionrounds.com/company/forma-ai) - [Featherless.ai](https://millionrounds.com/company/featherless-ai) - [Vetted](https://millionrounds.com/company/vetted) - [Parable](https://millionrounds.com/company/parable) - [Ranger AI](https://millionrounds.com/company/ranger-ai) - [Pathway Medical](https://millionrounds.com/company/pathway-medical) - [HumanFirst](https://millionrounds.com/company/humanfirst) - [Big Whale Labs](https://millionrounds.com/company/big-whale-labs) - [Reworkd](https://millionrounds.com/company/reworkd) - [ModalX](https://millionrounds.com/company/modalx) - [reDock](https://millionrounds.com/company/redock) ## Fintech 6 - [Fraction](https://millionrounds.com/company/fraction) - [ACTO](https://millionrounds.com/company/acto) - [InstaSwitch](https://millionrounds.com/company/instaswitch) - [Zeffy](https://millionrounds.com/company/zeffy) - [Wingocard](https://millionrounds.com/company/wingocard) - [Koble](https://millionrounds.com/company/koble) ## IT Services 4 - [Smart Access](https://millionrounds.com/company/smart-access) - [Platformatic](https://millionrounds.com/company/platformatic) - [Perceptive Space](https://millionrounds.com/company/perceptive-space) - [Spocket](https://millionrounds.com/company/spocket) ## Big Data & Analytics 4 - [Flinks](https://millionrounds.com/company/flinks) - [*N* Narrator](https://millionrounds.com/company/narrator) - [Lancey](https://millionrounds.com/company/lancey) - [MarketMuse](https://millionrounds.com/company/marketmuse) ## Cloud 3 - [MedStack](https://millionrounds.com/company/medstack) - [*V* Voilà](https://millionrounds.com/company/voila) - [Livescale](https://millionrounds.com/company/livescale) ## Segment by segment ### AI 13 startups · $487M raised - [**Relay**](https://millionrounds.com/company/relay) Relay is a workflow automation tool with a human touch. United States $207M - [**Biossil**](https://millionrounds.com/company/biossil) Biossil is an AI-native biopharma company located in Toronto, Canada. Canada $153M - [**Forma.ai**](https://millionrounds.com/company/forma-ai) Forma.ai is an AI-powered Sales Performance Management (SPM) platform based in Toronto, Canada. Canada $45M - [**Featherless.ai**](https://millionrounds.com/company/featherless-ai) Featherless AI is a technology company based in San Francisco, founded in 2023 by Eugene Cheah, Harrison Vanderbyl, and Wesley George. United States $20M - [**Vetted**](https://millionrounds.com/company/vetted) Vetted is an AI-powered product search engine and shopping assistant founded in 2019 and based in San Francisco, California. United States $17M - [**Parable**](https://millionrounds.com/company/parable) Parable is a US-based company that provides AI-powered workforce intelligence solutions aimed at enhancing organizational efficien United States $17M - [**Ranger AI**](https://millionrounds.com/company/ranger-ai) Ranger AI is a San Francisco-based company founded in 2024 that specializes in agentic AI solutions for heavy industry. United States $11M - [**Pathway Medical**](https://millionrounds.com/company/pathway-medical) Empowering clinicians and healthcare organizations to provide better, more efficient care. Canada $5.0M ### Fintech 6 startups · $37M raised - [**Fraction**](https://millionrounds.com/company/fraction) Fraction is a provider of software to get customers via digital offers. Canada $19M - [**ACTO**](https://millionrounds.com/company/acto) ACTO Technologies, Inc. Mexico $6.1M - [**InstaSwitch**](https://millionrounds.com/company/instaswitch) InstaSwitch is account activation infrastructure for business banking. United States $4.7M - [**Zeffy**](https://millionrounds.com/company/zeffy) Zeffy is a technology company based in Montreal, Quebec, specializing in cloud-based fundraising software for nonprofit organizations. Canada $3.7M - [**Wingocard**](https://millionrounds.com/company/wingocard) Wingocard was a fintech startup based in Montreal, Quebec, Canada, founded in 2019. Canada $1.7M - [**Koble**](https://millionrounds.com/company/koble) Koble is a digital health and well-being platform for new and expecting parents. United Kingdom $1.2M ### IT Services 4 startups · $21M raised - [**Smart Access**](https://millionrounds.com/company/smart-access) Smart Access is a Software and ERP services provider company in Bahrain. Canada $12M - [**Platformatic**](https://millionrounds.com/company/platformatic) Platformatic is a technology company that offers an enterprise-grade Node.js application server and infrastructure platform. United States $4.3M - [**Perceptive Space**](https://millionrounds.com/company/perceptive-space) Better intelligence about the space environment isn't a feature for the space industry - it's a precondition for it. Canada $2.8M - [**Spocket**](https://millionrounds.com/company/spocket) Spocket is a dropshipping platform founded in 2017 and based in Vancouver, Canada. Canada $1.2M ### Big Data & Analytics 4 startups · $87M raised - [**Flinks**](https://millionrounds.com/company/flinks) Flinks is the financial data layer powering the internet. Canada $79M - [*N* **Narrator**](https://millionrounds.com/company/narrator) Integrated voice services ecosystem/platform - $6.2M - [**Lancey**](https://millionrounds.com/company/lancey) Lancey helps sales and marketing teams launch self-driving demos that allow users to interact with the product during any step of Canada $1.5M - [**MarketMuse**](https://millionrounds.com/company/marketmuse) MarketMuse accelerates content research and builds AI-driven content strategies. United States $255K ### Cloud 3 startups · $9.8M raised - [**MedStack**](https://millionrounds.com/company/medstack) MedStack is a Toronto-based cloud infrastructure and compliance platform tailored for the digital health industry. Canada $5.5M - [*V* **Voilà**](https://millionrounds.com/company/voila) - $2.3M - [**Livescale**](https://millionrounds.com/company/livescale) Livescale is a Montreal-based social commerce platform founded in 2016. Canada $2.0M **How this map is made.** Every startup here has raised money in a round we track that names Panache Ventures as an investor, the first in 2018. Each sits under its main sector, read from its rounds, and each sector shows its best-funded first; sectors with fewer than three companies are left off. Rebuilt nightly; updated 15 November 2026. ## More portfolio maps [All portfolios](https://millionrounds.com/portfolio-maps) [VC firm · Canada **BDC Capital** 192 startups · 12 sectors · $7.8B](https://millionrounds.com/portfolio-maps/bdc-venture-capital-portfolio-map)[VC firm · Canada **Village Global** 155 startups · 12 sectors · $10B](https://millionrounds.com/portfolio-maps/village-global-portfolio-map)[VC firm · Canada **Inovia Capital** 129 startups · 12 sectors · $14B](https://millionrounds.com/portfolio-maps/inovia-capital-portfolio-map)[VC firm · Canada **Reach** 108 startups · 10 sectors · $2.5B](https://millionrounds.com/portfolio-maps/reach-portfolio-map)[VC firm · Canada **Clocktower Ventures** 74 startups · 6 sectors · $2.5B](https://millionrounds.com/portfolio-maps/clocktower-ventures-portfolio-map)[VC firm · Canada **Radical Ventures** 68 startups · 6 sectors · $22B](https://millionrounds.com/portfolio-maps/radical-ventures-portfolio-map) ## Raising from investors like Panache Ventures? 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