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Georgian

North America, Ontario, Canada, Toronto

Description

Georgian is a prominent Canadian-based growth equity firm, headquartered in Toronto, with a specialized focus on high-growth B2B software companies. The firm employs a distinctive investment model that pairs substantial capital with proprietary software and applied research capabilities, designed to accelerate the scaling of its portfolio companies. Georgian primarily targets businesses that are at the forefront of leveraging artificial intelligence, machine learning, and technologies enhancing trust, privacy, and security, aiming to support their market expansion and product innovation. Their investment philosophy is rooted in fostering long-term partnerships and delivering strategic guidance that extends beyond mere financial backing.

The firm typically engages with growth-stage companies, participating in Series B, C, and subsequent funding rounds. While the precise size of initial checks can fluctuate based on a company's specific needs and valuation, Georgian is recognized for deploying significant capital. Their typical first investments generally range from approximately $20 million to over $100 million, often leading or co-leading substantial funding rounds. As of 2023, Georgian manages over $3.5 billion in assets under management, underscoring its considerable influence within the growth equity sector.

A core differentiator for Georgian is its dedicated team of applied research and development professionals. This team collaborates directly with portfolio companies, providing expert assistance in areas such as AI implementation, data science, and go-to-market strategies, thereby enhancing growth and operational efficiency. For example, Georgian successfully closed its seventh fund, Georgian VII, at $1 billion in 2023, further strengthening its capacity to invest in promising B2B software innovators across North America. The firm also demonstrates a strong commitment to responsible AI, integrating ethical considerations into its investment and operational support frameworks.

Investor Profile

Georgian has backed more than 113 startups, with 7 new investments in the last 12 months alone. The firm has led 70 rounds, about 62% of its total and boasts 28 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Series C, Series B, Series D rounds (top funding stages).
  • Majority of deals are located in United States, Canada, United Kingdom.
  • Strong thematic focus on Software, Information Technology, Artificial Intelligence (AI).
  • Led 3 rounds in the past year.
  • Typical check size: $20M – $150M.

Stage Focus

  • Series C (27%)
  • Series B (19%)
  • Series D (16%)
  • Series E (13%)
  • Series Unknown (10%)
  • Series A (5%)
  • Series F (4%)
  • Private Equity (4%)
  • Seed (2%)
  • Series G (1%)

Country Focus

  • United States (70%)
  • Canada (21%)
  • United Kingdom (5%)
  • France (2%)
  • Israel (1%)
  • Brazil (1%)

Industry Focus

  • Software
  • Information Technology
  • Artificial Intelligence (Ai)
  • Saas
  • Enterprise Software
  • Analytics
  • Cyber Security
  • Big Data
  • Machine Learning
  • E-commerce
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does Georgian frequently co-invest with?

Sequoia Capital
North America, California, United States, Menlo Park
Co-Investments: 7
Cyberstarts
Asia, HaMerkaz, Israel, Mikhmoret
Co-Investments: 5
Northleaf Capital Partners
North America, Ontario, Canada, Toronto
Co-Investments: 5
Insight Partners
North America, New York, United States, New York
Co-Investments: 22
Felicis
North America, California, United States, Menlo Park
Co-Investments: 5
FirstMark
North America, New York, United States, New York
Co-Investments: 10
Bessemer Venture Partners
North America, California, United States, San Francisco
Co-Investments: 12
Emergence
North America, California, United States, San Francisco
Co-Investments: 8
Redpoint
North America, California, United States, Menlo Park
Co-Investments: 6
Alumni Ventures
North America, New Hampshire, United States, Manchester
Co-Investments: 5

Which angels does Georgian often collaborate with?

SB
North America, California, United States
Shared Deals: 1
JG
North America, Washington, United States, Seattle
Shared Deals: 1
TD
North America, California, United States, San Francisco
Shared Deals: 2
PG
North America, California, United States, San Francisco
Shared Deals: 1
OC
North America, United States
Shared Deals: 1
SG
North America, New York, United States, New York
Shared Deals: 1
JB
Europe, England, United Kingdom, London
Shared Deals: 1
FK
North America, California, United States, San Francisco
Shared Deals: 1

What are some of recent deals done by Georgian?

Ambience Healthcare

San Francisco, California, United States

Ambience Healthcare develops an AI operating system used for documentation, coding, and clinical workflows in healthcare organizations.

Artificial Intelligence (AI)Health CareInformation TechnologyMedical
Series CJul 29, 2025
Amount Raised: $243,000,000
Armis

San Francisco, California, United States

Armis is a cyber exposure management and security company that protects the entire attack surface and detects threats in real time.

ComplianceCyber SecurityInformation TechnologyInternet of ThingsNetwork SecurityRisk Management
Secondary MarketJul 23, 2025
Amount Raised: $100,000,000
Cyera

New York, New York, United States

Cyera is an AI-powered data security platform that gives enterprises deep context on their data to assure cyber-resilience and compliance.

Artificial Intelligence (AI)Cloud Data ServicesCyber SecurityNetwork Security
Series EJun 11, 2025
Amount Raised: $540,000,000
Island

Dallas, Texas, United States

Island offers an enterprise browser that enhances security and productivity by integrating essential tools.

Cyber SecurityEnterprise SoftwareInformation TechnologyWeb Browsers
Series EMar 26, 2025
Amount Raised: $250,000,000
Render

San Francisco, California, United States

Render provides a unified cloud for developers and teams to host all their applications, databases, and websites.

Cloud InfrastructureInternetSoftware
Series CJan 21, 2025
Amount Raised: $80,000,000
Cyera

New York, New York, United States

Cyera is an AI-powered data security platform that gives enterprises deep context on their data to assure cyber-resilience and compliance.

Artificial Intelligence (AI)Cloud Data ServicesCyber SecurityNetwork Security
Series DNov 20, 2024
Amount Raised: $300,000,000
Armis Security

San Francisco, California, United States

Armis is a developer of an asset intelligence platform to analyze endpoint behavior to identify risks and attacks.

Cyber SecurityInformation TechnologyInternet of ThingsNetwork Security
Series DOct 28, 2024
Amount Raised: $200,000,000
Glooko

Palo Alto, California, United States

Glooko as a digital health company that offers a diabetes management platform to help users monitor and control their blood glucose levels.

DiabetesHealth CaremHealthMobile AppsSaaS
Series FOct 10, 2024
Amount Raised: $100,000,000
Oyster

Charlotte, North Carolina, United States

Oyster is a distributed HR platform that offers companies to hire, pay, and care for teammates.

EmploymentHuman ResourcesInsurTechSaaSSoftware
Series DSep 4, 2024
Amount Raised: $59,000,000
Coder

Austin, Texas, United States

Coder provides open-source tools and an enterprise platform that makes it easier to configure, secure, and scale development environments.

Cloud ComputingDeveloper PlatformDeveloper ToolsEnterprise SoftwareSoftware
Series BJun 25, 2024
Amount Raised: $35,000,000