Ripple Ventures

Ripple Ventures is a Toronto-based venture capital firm that specializes in early-stage B2B SaaS startups across North America, with a strong emphasis on the Canadian ecosystem. Founded by Matt Cohen, the firm positions itself as a founder-first investor, aiming to be the first institutional capital for promising technology companies. Their investment thesis centers on identifying innovative software solutions that address significant market needs, with a focus on product-led growth and scalable business models.

Since its inception, Ripple Ventures has demonstrated a clear growth trajectory in its capital deployment. The firm successfully closed its third fund, Fund III, in 2023, raising CAD $30 million (approximately USD $21.9 million). This follows their earlier funds, Fund I (CAD $10 million) launched in 2018 and Fund II (CAD $20 million) in 2021, showcasing a consistent increase in their investment capacity and commitment to the early-stage tech landscape. This progression allows them to support a growing portfolio of companies from pre-seed through Series A rounds.

Ripple Ventures typically writes initial cheques ranging from CAD $500,000 to CAD $1.5 million (approximately USD $365,000 to USD $1.095 million), primarily targeting pre-seed and seed-stage companies. They seek to partner with exceptional founding teams who possess deep industry insights and a clear vision for their product. While their roots are firmly in Canada, Ripple Ventures actively invests in startups across the United States, leveraging its network and expertise to support companies beyond its immediate geographical vicinity.

Beyond capital, Ripple Ventures is known for its hands-on approach and robust platform designed to accelerate portfolio company growth. They provide strategic support in critical areas such as talent acquisition, go-to-market strategy, and product development. The firm also fosters a strong community among its founders and offers access to a network of experienced operators and advisors, aiming to equip startups with the resources needed to scale efficiently and navigate the challenges of early-stage development.