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Vanedge Capital

North America, British Columbia, Canada, Vancouver

Description

Vanedge Capital is a prominent Canadian venture capital firm based in Vancouver, British Columbia, recognized for its strategic investments in early-stage technology companies. Established with a focus on high-growth sectors, the firm has solidified its reputation as a key player in the North American tech investment landscape, particularly within the B2B software and digital entertainment spaces.

The firm primarily targets disruptive software companies, with a clear mandate to invest in areas such as SaaS solutions for small and medium businesses, enterprise software, cloud infrastructure, artificial intelligence/machine learning, cybersecurity, digital media, and interactive entertainment, including gaming. Vanedge Capital typically engages with companies at the Seed to Series B stages, providing crucial capital and strategic guidance during their formative years. Their initial investment cheques generally range from $2 million to $10 million, indicating a commitment to substantial early-stage funding that can significantly accelerate a startup's growth and market penetration.

Vanedge Capital has demonstrated a consistent ability to raise substantial funds, reflecting investor confidence in its strategy and team. The firm has successfully raised multiple funds, including Fund I at $135 million, Fund II at $160 million, Fund III at $180 million, and its most recent, Fund IV, at $220 million. This progression in fund size has enabled Vanedge Capital to manage over $700 million in assets under management, positioning it as one of Canada's largest and most active early-stage technology investors. This robust financial backing allows them to not only provide initial capital but also to support portfolio companies through follow-on rounds as they scale.

The firm distinguishes itself through a hands-on approach, leveraging its team's operational experience and extensive network to assist founders with strategic planning, talent acquisition, and market expansion. By focusing on sectors where technology can drive significant transformation and by providing substantial financial and strategic support, Vanedge Capital aims to foster the development of category-leading companies that can achieve global impact.

Investor Profile

Vanedge Capital has backed more than 37 startups, with 0 new investments in the last 12 months alone. The firm has led 12 rounds, about 32% of its total and boasts 15 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Series A, Series B, Seed rounds (top funding stages).
  • Majority of deals are located in United States, Canada.
  • Strong thematic focus on Software, Analytics, Artificial Intelligence (AI).
  • Typical check size: $2M – $10M.

Stage Focus

  • Series A (32%)
  • Series B (30%)
  • Seed (16%)
  • Series C (14%)
  • Series E (3%)
  • Series D (3%)
  • Series Unknown (3%)

Country Focus

  • United States (65%)
  • Canada (35%)

Industry Focus

  • Software
  • Analytics
  • Artificial Intelligence (Ai)
  • Big Data
  • Information Technology
  • Saas
  • Mobile
  • Construction
  • Web Development
  • Financial Services
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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 Vanedge Capital frequently co-invest with?

ScaleUP Ventures
North America, Ontario, Canada, Toronto
Co-Investments: 2
Autotech Ventures
North America, California, United States, Menlo Park
Co-Investments: 2
New Enterprise Associates
North America, California, United States, Menlo Park
Co-Investments: 5
Business Development Bank of Canada
North America, Quebec, Canada, Montréal
Co-Investments: 3
In-Q-Tel
North America, Virginia, United States, Arlington
Co-Investments: 5
Verizon Ventures
North America, New Jersey, United States, Basking Ridge
Co-Investments: 3
Madrona
North America, Washington, United States, Seattle
Co-Investments: 3
Sands Capital Ventures
North America, Virginia, United States, Arlington
Co-Investments: 3
Hardy Capital Partners
North America, British Columbia, Canada, Vancouver
Co-Investments: 2
Energy Innovation Capital
North America, California, United States, Orinda
Co-Investments: 2

Which angels does Vanedge Capital often collaborate with?

EL
North America, Florida, United States, Miami Beach
Shared Deals: 1
RM
North America, New York, United States, New York
Shared Deals: 1
BG
North America, Washington, United States, Seattle
Shared Deals: 2
Arati Sharma
North America, Ontario, Canada, Toronto
Shared Deals: 1
NS
North America, New York, United States, New York
Shared Deals: 1
Jasmine Lorimer
North America, British Columbia, Canada, Squamish
Shared Deals: 1
AP
North America, Ontario, Canada, Toronto
Shared Deals: 1
ML
North America, Illinois, United States, Chicago
Shared Deals: 1
Joseph Fung
North America, Ontario, Canada, Waterloo
Shared Deals: 1
DP
North America, California, United States, San Francisco
Shared Deals: 1

What are some of recent deals done by Vanedge Capital?

Mojo Vision

Saratoga, California, United States

Mojo develops high-performance micro-LED display technology with proprietary full-color quantum-dot technology with superior performance

Augmented RealityComputerConsumer Electronics
Series AOct 12, 2023
Amount Raised: $43,500,000
ALICE Technologies

Menlo Park, California, United States

Alice Technologies develops construction-engineering software for general contractors, subcontractors, and real estate developers.

Artificial Intelligence (AI)ConstructionInnovation ManagementReal Estate
Series BJun 13, 2022
Amount Raised: $30,000,000
Echodyne

Kirkland, Washington, United States

Echodyne develops and manufactures meta-materials-based radar technologies.

ElectronicsNational SecuritySensorSoftware
Series CJun 13, 2022
Amount Raised: $135,000,000
Canalyst

Vancouver, British Columbia, Canada

Canalyst is the leading destination for public company data and analysis.

AnalyticsFinancial ServicesFinTechInformation TechnologySaaS
Series CJan 18, 2022
Amount Raised: $70,000,000
Cogniac

San Jose, California, United States

Cogniac is a SaaS-based computer vision platform.

Artificial Intelligence (AI)Computer VisionEnterpriseSoftware
Series BOct 27, 2021
Amount Raised: $20,000,000
Bridgit

Kitchener, Ontario, Canada

Bridgit is a workforce intelligence and planning tool for the construction industry.

Big DataConstructionProductivity ToolsSoftware
Series BOct 26, 2021
Amount Raised: $19,367,756
#Paid

Toronto, Ontario, Canada

#Paid is a tech company that operates a creative marketing platform that combines brand and creator collaboration.

Content CreatorsMarketingSocial MediaSocial Media Marketing
Series BAug 26, 2021
Amount Raised: $14,898,618
xCures

Oakland, California, United States

xCures is an AI-based precision oncology platform that tightly integrates cancer research and care.

Artificial Intelligence (AI)BiotechnologyHealth CareMachine LearningMedicalOncologyPharmaceutical
Series AJun 23, 2021
Amount Raised: $12,690,000
Cogniac

San Jose, California, United States

Cogniac is a SaaS-based computer vision platform.

Artificial Intelligence (AI)Computer VisionEnterpriseSoftware
Series BSep 28, 2020
Amount Raised: $10,000,000
SensorUp

Calgary, Alberta, Canada

GeoAI and IoT Platform for Connected Workers

Application Performance ManagementCloud Data ServicesEnterprise SoftwareGeospatialInformation ServicesInformation TechnologyInternet of ThingsMapping ServicesSmart CitiesSoftware
Series AJul 8, 2020
Amount Raised: $4,438,494