ScaleUP Ventures

ScaleUP Ventures is a Toronto-based venture capital firm established in 2014, dedicated to investing in and nurturing Canadian technology companies. The firm primarily targets early-stage businesses, focusing on Seed and Series A rounds, with a clear mandate to support innovative entrepreneurs within the Canadian tech ecosystem. Their strategic location in Toronto allows them to be at the heart of one of North America's rapidly growing tech hubs, providing proximity to a diverse pool of startups.

The firm manages multiple funds, demonstrating a significant commitment to the venture landscape. Their first fund, ScaleUP Ventures I, was a $30 million vehicle, which laid the groundwork for their investment thesis. Building on this success, they are currently investing out of their second fund, ScaleUP Ventures II, a substantially larger $100 million fund. This increased capital base allows them to deploy more significant resources into promising ventures. Typically, ScaleUP Ventures provides initial capital ranging from $500,000 to $3 million, with additional reserves allocated for follow-on rounds to support portfolio companies through subsequent growth stages.

Beyond capital deployment, ScaleUP Ventures emphasizes a hands-on approach, aiming to be a strategic partner for its portfolio companies. Their engagement extends to providing operational guidance, leveraging their extensive network, and assisting with talent acquisition and market expansion. To date, the firm has made approximately 25 investments across various technology sectors, showcasing a diverse portfolio. Furthermore, ScaleUP Ventures has successfully navigated the venture lifecycle, achieving 4 exits, which underscores their ability to identify and support companies that can deliver returns. Their focus remains on fostering the growth of Canadian tech leaders, contributing to the nation's innovation economy.