Company lists · Data refreshed September 2026

Top 25 Venture capital firms for underrepresented founders based in Canada

RevenueBase identified 103 venture capital firms for underrepresented founders headquartered in Canada as of September 2026 and tracks 555 professional contacts across them, including 198 with verified work emails. Toronto is the largest hub.

This list covers venture capital firms for underrepresented founders headquartered in Canada, matched on what each company actually does as described in its own words. Ranked by team size, largest first. Every row shows the company's own description, its RevenueBase Smart Search rating, and when it was last checked. Data refreshed September 29, 2026.

Published by RevenueBase, a B2B data infrastructure company. This list was built with RevenueBase Smart Search, the natural-language company search RevenueBase customers use to build their own targeted lists and unlock verified emails and direct dials at the companies on them. How these lists are built and judged.

How to read this list HQ checked on every row RevenueBase Smart Search rating on every row Refreshed Sep 29, 2026 86% judged on-target in blind review
103Companies
555Contacts tracked
198Verified emails
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The 25 largest venture capital firms for underrepresented founders based in Canada

Ranked by team size
Top 25 of 103 venture capital firms for underrepresented founders based in Canada, ranked by team size, largest first. Data refreshed Sep 29, 2026. RevenueBase Smart Search rates how each company's information relates to venture capital firms for underrepresented founders: strong evidence (its own description names it), partial (names part of it), indirect (matched on the rest of its profile rather than the description shown). Click a contact count to view that company's people.
#CompanyRevenueBase Smart SearchHeadquartersEmployeesContacts
1Strong evidenceMontreal, QC, CanadaHQ checked Sep 29, 202651-20089 contacts →

Strong evidence

“Inovia Capital partners with founders to build impactful and enduring global companies.”

Source: RevenueBase Database · checked Sep 29, 2026
2Strong evidenceCalgary, AB, CanadaHQ checked Sep 29, 202611-5026 contacts →

Strong evidence

“The51 is a financial platform and venture firm investing in innovative and ambitious founders, shaping the future.”

Source: RevenueBase Database · checked Sep 29, 2026
3Partial evidenceMontreal, QC, CanadaHQ checked Sep 29, 202611-5024 contacts →

Partial evidence

“Real Ventures is an early-stage venture firm focused on serving daring entrepreneurs with the ambition to create successful, global companies.”

Source: RevenueBase Database · checked Sep 29, 2026
4Partial evidenceVancouver, CanadaHQ checked Sep 29, 202611-5020 contacts →

Partial evidence

“One of the world's most active corporate venture firms.”

Source: RevenueBase Database · checked Sep 29, 2026
5Strong evidenceToronto, ON, CanadaHQ checked Sep 29, 202611-5020 contacts →

Strong evidence

“FRAMEWORK was founded in 2018 and has set the benchmark for active capital investing for early-stage companies.”

Source: RevenueBase Database · checked Sep 29, 2026
6Strong evidenceMontreal, QC, CanadaHQ checked Sep 29, 202611-5018 contacts →

Strong evidence

“Panache Ventures is Canada's most active seed stage venture capital fund.”

Source: RevenueBase Database · checked Sep 29, 2026
7Strong evidenceToronto, ON, CanadaHQ checked Sep 29, 20261-1017 contacts →

Strong evidence

“Ripple Ventures partners with inception-stage founders building advanced technologies.”

Source: RevenueBase Database · checked Sep 29, 2026
8Indirect evidenceVancouver, BC, CanadaHQ checked Sep 29, 20261-1014 contacts →

Indirect evidence

“Launch Academy is a tech accelerator that provides the mentorship, resources, network and environment entrepreneurs need to launch, fund and grow their startups.”

Source: RevenueBase Database · checked Sep 29, 2026
9Strong evidenceToronto, ON, CanadaHQ checked Sep 29, 20261-1013 contacts →

Strong evidence

“Founded in 2021, BKR Capital (formerly Black Innovation Capital) was built with the objective of investing in promising black founders in the technology space.”

Source: RevenueBase Database · checked Sep 29, 2026
10Strong evidenceToronto, ON, CanadaHQ checked Sep 29, 20261-1011 contacts →

Strong evidence

“Golden Ventures is a leading seed-stage venture capital fund, based in Toronto and investing across North America.”

Source: RevenueBase Database · checked Sep 29, 2026
11Strong evidenceHalifax, NS, CanadaHQ checked Sep 29, 202611-5011 contacts →

Strong evidence

“Numus Financial is a Halifax, Nova Scotia based venture capital firm focused on early-stage, high-growth companies.”

Source: RevenueBase Database · checked Sep 29, 2026
12Indirect evidenceVancouver, BC, CanadaHQ checked Sep 29, 20261-109 contacts →

Indirect evidence

“Conconi Growth Partners is committed to helping exceptional entrepreneurs build great companies.”

Source: RevenueBase Database · checked Sep 29, 2026
13Indirect evidenceToronto, ON, CanadaHQ checked Sep 29, 20261-109 contacts →

Indirect evidence

“We back bold entrepreneurs, champion their innovations, and work with them to build the future.”

Source: RevenueBase Database · checked Sep 29, 2026
14Indirect evidenceLondon, ON, CanadaHQ checked Sep 29, 20261-109 contacts →

Indirect evidence

Source: RevenueBase Database · checked Sep 29, 2026
15Partial evidenceVancouver, CanadaHQ checked Sep 29, 20261-108 contacts →

Partial evidence

“We back deeply technical founders from Seed to Series A building in AI, data, cloud, infra, devtools, open source in North America and Europe.”

Source: RevenueBase Database · checked Sep 29, 2026
16Strong evidenceToronto, ON, CanadaHQ checked Sep 29, 20261-107 contacts →

Strong evidence

“StandUp Ventures is a Toronto-based, seed stage venture capital fund focused on investing in high growth ventures with at least one female founder in a key leadership role.”

Source: RevenueBase Database · checked Sep 29, 2026
17Indirect evidenceCalgary, AB, CanadaHQ checked Sep 29, 202611-507 contacts →

Indirect evidence

“To us, the future is where innovation can unite us, not isolate us.”

Source: RevenueBase Database · checked Sep 29, 2026
18Indirect evidenceToronto, CanadaHQ checked Sep 29, 20261-106 contacts →

Indirect evidence

“We believe that technology has the power to make the world a better place, and we want to invest in the extraordinary people and remarkable startups that make that happen.”

Source: RevenueBase Database · checked Sep 29, 2026
19Partial evidenceToronto, ON, CanadaHQ checked Sep 29, 20261-106 contacts →

Partial evidence

“Disruption Ventures invests in high-growth, North American based companies at the Seed and Seed + stage.”

Source: RevenueBase Database · checked Sep 29, 2026
20Partial evidenceToronto, CanadaHQ checked Sep 29, 20261-105 contacts →

Partial evidence

“DMZ Ventures is a fund dedicated to driving the next wave of innovation by investing in high-potential startups.”

Source: RevenueBase Database · checked Sep 29, 2026
21Indirect evidenceVancouver, CanadaHQ checked Sep 29, 20261-104 contacts →

Indirect evidence

“Our mission is investing in LGBT+ led companies with proven traction and untapped potential.”

Source: RevenueBase Database · checked Sep 29, 2026
22Partial evidenceToronto, ON, CanadaHQ checked Sep 29, 20261-104 contacts →

Partial evidence

“Greyhill Ventures backs entrepreneurs building a better world.”

Source: RevenueBase Database · checked Sep 29, 2026
23Strong evidenceWinnipeg, MB, CanadaHQ checked Sep 29, 20261-104 contacts →

Strong evidence

“Red Leaf Capital was founded in 2009 with a simple mission of helping businesses succeed.”

Source: RevenueBase Database · checked Sep 29, 2026
24Indirect evidenceToronto, ON, CanadaHQ checked Sep 29, 20261-104 contacts →

Indirect evidence

“Marigold focuses on resilient and growing North American companies that drive positive financial, operational and social prosperity outcomes for employees, actors in their value…”

Source: RevenueBase Database · checked Sep 29, 2026
25Strong evidenceCalgary, AB, CanadaHQ checked Sep 29, 20261-104 contacts →

Strong evidence

“Startupcourt empowers Black and immigrant founders to build ventures that create lasting social and economic impact.”

Source: RevenueBase Database · checked Sep 29, 2026

Showing 25 of 103 venture capital firms for underrepresented founders based in Canada

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Venture capital firms for underrepresented founders based in Canada at a glance

As of Sep 29, 2026
35.7%Verified-email coverage
5.4Average contacts per company
1-10Median size (employees)
47.6%Largest-city concentration · Toronto
Sep 29, 2026Page data refreshed

Companies by employee count

1-10
85
11-50
17
51-200
1

Email recency for this list is measured worldwide rather than for Canada, so it is reported there. Company counts and contact totals on this page are exact for Canada, over 103 companies.

How this list was built

Company categories are rarely black and white. RevenueBase reads each company's own description of its business to decide whether it belongs among venture capital firms for underrepresented founders, so some rows will be adjacent to the category rather than pure plays. The description and RevenueBase Smart Search rating on every row are there so you can check each match yourself.

Source
The RevenueBase company graph: 60 million companies and 398.9 million professional contacts resolved from primary sources, queried with RevenueBase Smart Search, the natural-language company search available to every RevenueBase user.
What qualifies
Companies headquartered in Canada whose own description of what they do matches “venture capital firms for underrepresented founders”. Matching reads each company's description, not its industry code or its name.
RevenueBase Smart Search
RevenueBase Smart Search is how this list is assembled and how each row is rated. RevenueBase's data engine and AI assess a company's LinkedIn profile, information supplied directly by the company, its website and other publicly available information, then relate it to a category defined in a user's own words. Each row is rated strong evidence (its own description names venture capital firms for underrepresented founders), partial evidence (it names part of the category) or indirect evidence (the description shown names none of it and the match rests on the rest of the company's profile). The description supporting each rating is quoted on the row.
What we exclude
Companies whose own description does not clearly place them among venture capital firms for underrepresented founders, and records with no verified work email. Companies headquartered outside Canada are excluded even when they keep an office there.
Match quality
In blind human judging of this matching method, 86% of matched companies were on target. Expect roughly 1 in 7 rows to be adjacent to the category rather than a pure play. Every row shows the company's own description and its RevenueBase Smart Search rating so you can judge each match yourself. Read the full methodology: how the lists are built, how the judging worked, and what the figure means.
Ranking
Team size, largest first: companies are ordered by the number of professionals RevenueBase tracks at each one. Employee ranges shown are reported bands, for context.
Verification
Every listed company carries at least one verified work email, 198 across the full list. Contacts re-verify on a rolling cadence, and each contact's own verification date is shown inside RevenueBase.
Refresh
This page's figures were pulled from the company graph on September 29, 2026. Lists refresh periodically as the graph is re-checked.
Corrections
Wrong category, wrong headquarters, or a company that has closed? Use “Report an issue” on any row. Reports go to the RevenueBase Data Team and feed back into the company graph.

Venture capital firms for underrepresented founders by metro

Frequently asked

What is RevenueBase Smart Search?

RevenueBase Smart Search is how RevenueBase decides which companies belong on this list and how strongly each one fits. Its data engine and AI assess a company's LinkedIn profile, information supplied directly by the company, its website and other publicly available information, then relate it to the category the list is about. Each row is rated strong evidence when the company's own description names venture capital firms for underrepresented founders, partial evidence when it names part of the category, and indirect evidence when the description shown names none of it and the match rests on the rest of the company's profile.

How many venture capital firms for underrepresented founders are there based in Canada?

RevenueBase identified 103 venture capital firms for underrepresented founders headquartered in Canada as of September 2026, matched on each company's own description of what it does rather than its industry code.

What is the largest company on this list?

Inovia Capital, headquartered in Montreal, tops this list with the largest team on record.

Which city has the most venture capital firms for underrepresented founders?

Toronto leads with 49 headquartered companies, followed by Vancouver (14) and Montreal (9).

How do I get contact information for these companies?

A free RevenueBase account lets you run this exact search and work the top results, verified emails and direct dials included. Upgrading unlocks all 198 verified decision-maker contacts tracked across these 103 companies.

How current is this list?

The list refreshes periodically as the company graph is re-checked. This page's figures were pulled on September 29, 2026.

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About this data

RevenueBase is a B2B data infrastructure company. Its company graph covers 60 million companies and 398.9 million professional contacts, with emails verified on a rolling cadence rather than scraped once and left to decay. These company lists are generated directly from that graph with RevenueBase Smart Search, the same natural-language company search every RevenueBase user has: describe a market in plain words, get the companies that match, and add verified emails and direct dials for the people at them. It is the same data that powers RevenueBase's B2B data products, and a free account includes 500 credits to start. How these lists are built and judged.