Canvas Ventures

Canvas Ventures is a prominent early-growth stage venture capital firm based in Portola Valley, California, established in 2013. The firm strategically focuses on disruptive technologies across key sectors, including enterprise software, fintech, digital health, AI, and the future of work. Their investment thesis centers on identifying and supporting companies that leverage innovative technology, particularly artificial intelligence, to transform industries and create new markets, aiming to back the next generation of category leaders.

Canvas Ventures typically leads or co-leads Series A and Series B funding rounds, providing substantial capital to fuel growth. Their initial investment checks generally range from $5 million to $20 million, reflecting their commitment to significant early-growth stage participation. The firm manages over $1.2 billion in committed capital across four funds, with their most recent being Fund IV, which closed at $400 million in 2022. This substantial capital base allows them to support their portfolio companies through multiple funding rounds and follow-on investments.

Canvas Ventures has built a robust portfolio of high-growth companies with a strong track record of successful exits and continued growth. Notable investments include Kabbage, an online lending platform acquired by American Express, demonstrating a significant exit in the fintech space. Other key portfolio companies span various sectors, such as Gusto in the future of work, Abnormal Security in AI-powered cybersecurity, and Figure in blockchain-based financial services. Their strategic approach emphasizes deep engagement with founders, offering operational expertise and network access to accelerate company development and market penetration.