Fundraising Fox

Good News Ventures

Venture capital

Toronto · Pre-Seed–Seed · 4 people tracked

Fox Verdict
Sign up to see your fit

Investment thesis

Good News Ventures backs passionate, high-conviction founders building blockchain and AI startups at the pre-seed and seed stages. It targets B2B and B2B2C high-growth technology companies globally, favoring visionary teams willing to challenge the status quo and embrace risk. Beyond capital, the firm supports portfolio companies with a founder-first approach, offering expertise and access to a network of experienced partners and LPs to help solve operational challenges and scale. Its diligence framework centers on three questions: why the founder, why this solution, and why now.

Source: firm website, verified Aug 3, 2026.

Stage
Pre-Seed–Seed
HQ
Toronto, ON, CA
Instruments
Equity
Founded
2016
AUM
$15M
Tracked investments
39

Team · 4 people

from the firm's website & curated
Ana Karina Riera· Administrative Expert

Handles administrative and back-office support to keep operations running smoothly at the firm.

What they invest in

from 35 of 39 portfolio companies

SaaS ×20AI & Machine Learning ×11Enterprise Software ×10Fintech ×6Cloud Computing ×4Data & Infrastructure ×4Developer Tools ×4Hardware ×4

HQs:Canada×8United States×8India×1Philippines×1

Who they back

founder profiles across 17 portfolio companies
35%
solo founders
6 of 17 mapped founding teams
40%
repeat founders
of 20 founders with career history

Founding team size:solo founder×62 founders×43 founders×64+ founders×1

Where their founders studiedfrom 19 founders with education data

Queen's University ×4Carnegie Mellon University ×2Crescent School ×2Manipal Institute of Technology ×2Western University ×2

Where their founders worked beforefrom 20 founders with career history

Dynatrace ×3NEXT Canada ×3Hult Prize Foundation ×2Oracle ×2Phantom Auto ×2

Accelerator rootsportfolio companies that came through a program

Y Combinator ×7Techstars ×2

Investments · 39 tracked

founders shown can be your intro path

By year:2025 · 12023 · 12 dated

ACTOacto.comin

Acto provides a mobile app platform for field-based sales teams in regulated industries to deliver training, coaching, and presentations with approved content and messaging.

AI & Machine LearningEnterprise SoftwareHealthtechSaaSSales Tech

Parth Khanna(CEO)in

Co-investorsExtreme Venture PartnersExtreme Venture Partners LLPGraphite VenturesQuesta Capital

Bankonloopbankonloop.comin

Loop provides multi-currency business banking, including CAD, USD, EUR, and GBP accounts, FX-free multi-currency corporate credit cards, international transfers, and working capital, with CDIC- and FDIC-insured deposits.

FintechSaaS

Co-investorsGraphite VenturesMistral Venture PartnersWedbush Ventures

Canaerycanaery.comin

Canaery (now General Sense) is developing scent-detection technology aimed at extending capabilities beyond the limits of human olfactory perception.

Deep TechHardware

Co-investors15th RockBreakout VenturesDolby Family VenturesKdT Ventures

Coinchangecoinchange.ioin𝕏Nov 2023 · $10M

Coinchange provides "Yield-as-a-Service", a platform that delivers risk-adjusted yield on digital assets by allocating capital across market-neutral, DeFi/CeFi, and directional strategies managed like a hedge fund-of-funds.

Crypto & Web3FintechSaaS

Co-investorsAtoia VenturesK2 CAMintfox

Cubohcuboh.comin𝕏Acquired

Cuboh provides software for restaurants to manage operations including tablet consolidation, centralized reporting, and menu management in the digital era.

B2B MarketplacesEnterprise SoftwareFoodTechSaaSVictoria, CA

Juan Orrego(CEO)

Co-investorsY Combinator

Dashlabs.aidashlabs.aiin𝕏

Dashlabs.ai builds practice management and lab information software for diagnostic laboratories, featuring billing, appointment scheduling, instrument integration for automated test result generation, medical imaging support, and secure result distribution to employers and staffing agencies.

HealthtechManila, PH

Bryan Giger(Founder)inMartin Gomez(Founder)inWeston Coleman Lim(Founder)in

Co-investorsADB VenturesY Combinator

Datafolddatafold.comin𝕏

Datafold builds AI-powered agents and tools that automate complex data engineering tasks including migrations, optimization, CI/CD, and data quality validation.

AI & Machine LearningData & InfrastructureDeveloper ToolsEnterprise SoftwareSaaSNew York City, US

Gleb Mezhanskiy(Founder)inAlex Morozov(Founder)in

BoardAaron Jacobson(Director)inPeter Sonsini(Director)in

Co-investorsAmplify PartnersAngel Collective Opportunity FundAvant LabsNew Enterprise Associates (NEA)Y CombinatorESSENCE VC+1 more

DevCycledevcycle.comin𝕏Acquired

DevCycle is a feature management and flagging platform that helps software development teams control feature releases, run experiments, and deploy faster with reduced risk.

Developer ToolsEnterprise SoftwareSaaSToronto, CA

Andrew Norris(Founder/COO)inJonathan Norris(Founder/CTO)inCobi Druxerman(Founder/CPO)in

Co-investorsY CombinatorSpider Capital

Eaigleeaigle.comin

Co-investorsBoreal VenturesMaRS

Eleven-X Incorporated Websiteeleven-x.comin

eleven-x offers eXactpark, a smart parking software platform that provides real-time occupancy monitoring and data analytics to help drivers find available spaces and manage curbside, on-street, and lot parking.

IoTMobility & TransportationSaaS

Co-investorsWaterloo Accelerator Centre

Finerymarketsfinerymarkets.comin

Finery Markets provides non-custodial SaaS trading and settlement infrastructure for licensed institutional entities in crypto and digital asset markets.

Crypto & Web3FintechSaaS

Co-investorsAPA Venture PartnersCommunitas Capital Partnersgumi Cryptos Capital (gCC)

Funnelyticsfunnelytics.io

Funnelytics is a visual funnel analytics platform that maps, tracks, and optimizes customer journeys across marketing channels, combining ad-source and on-site behavior into a unified attribution view.

AdTechMarketing TechSaaS

Co-investorsGreenSky VenturesMaRS Investment Accelerator Fund

Gomaterialsgomaterials.comin

GoMaterials is a wholesale sourcing and procurement service for landscaping plants and trees, providing competitive quotes, order placement, and delivery tracking through a network of vetted nursery suppliers.

B2B MarketplacesConstruction TechLogistics & Supply Chain

Hashtagpaidhashtagpaid.comin𝕏

#paid operates a creator marketplace that connects brands and content creators for influencer marketing campaigns, along with creative strategy support and post-campaign performance reporting.

Creator EconomyMarketing TechMarketplacesToronto, CA

Bryan Gold(Founder)

Co-investorsBackbone AngelsTribe CapitalTwo Small Fish VenturesVanedge CapitalScaleUP Ventures

Huddlehuddle01.comin𝕏

Huddle01 Cloud provides high-performance bare-metal cloud infrastructure at significantly lower costs, serving developers, startups, and engineering teams.

Cloud ComputingDeveloper ToolsMumbai, IN

Susmit Lavania(Founder)in

Co-investorsA.Capital VenturesHivemind Capital PartnersThrive Capital

Hudson Labs (formerly Bedrock AI)hudson-labs.comin𝕏

Hudson Labs provides AI-powered analysis software for investor relations teams to monitor peer disclosures, prepare earnings Q&A, and track messaging themes.

AI & Machine LearningEnterprise SoftwareFintechSaaSToronto, CA

Kris Bennatti(Founder)inSuhas Pai(CTO & Co-Founder)

Co-investorsWaterloo Accelerator CentreY Combinator

Improimpro.aiin

Impro.AI offers an AI-assisted, human-led SaaS platform that delivers daily performance guidance, coaching, and analytics tied to KPIs for enterprises, their executives, managers, and employees.

AI & Machine LearningFuture of WorkSaaS

Co-investorsPanache Ventures

Intelocateintelocate.comin𝕏

Intelocate offers a platform for distributed operations intelligence, consolidating issue resolution, task management, and communication between head offices and multiple locations.

Enterprise SoftwareRetail TechSaaS

iRestifyirestify.comin𝕏

iRestify provides property cleaning and maintenance services combined with a real-time operations platform for property management companies overseeing multifamily and commercial buildings.

MarketplacesPropTechSaaSDallas, US

Charlotte Gummeson(President & Co-Founder)Karl Sowa(Chief Executive Officer and Director)Charlotte Gummesson(President and Director)Emi Quadri(Chief Financial Officer)

BoardJukka Heikka(Director)Maia Heymann(Director)in

Co-investorsConvergeGutbrain VenturesJoint EffectsBirchmere Ventures

Kepler Communicationskepler.spacein𝕏

Kepler operates a satellite constellation designed to relay data between spacecraft in low Earth orbit and beyond, functioning as internet exchange points for space-to-space communications.

Advanced ManufacturingCloud ComputingData & InfrastructureHardwareIoTSpace TechToronto, CA

Mina Mitry(Founder)in

Co-investorsCanaan PartnersDns CapitalEvolution VC PartnersGarage CapitalMaropost VenturesTechstars+3 more

Koalateachwithkoala.comin𝕏

Koala is an interactive online learning platform that provides a collaborative classroom environment for teachers and students, featuring co-browsing, content uploading, and integrated invoicing for tutors.

EdTechFuture of WorkGamingMarketplacesSaaSSan Francisco, US

Xavier Lesage Moretti(Founder)inBenjamin Roux(Founder)in

Co-investorsAAF Management Ltd.Y CombinatorDCM Ventures

Mammothclimatemammothclimate.ioin

Mammoth offers a corporate purpose platform that helps enterprises run CSR and sustainability programs, using micro-actions and gamified rewards integrated into Slack and Teams to increase employee participation in donations and volunteering.

Enterprise SoftwareImpact & Social GoodSaaS

Micromartmicromart.comin𝕏

Micromart designs and builds autonomous "Smart Store" retail machines that combine hardware, software, and integrated payments so operators can place and manage unattended stores in locations like apartments, gyms, and offices.

HardwareRetail TechSaaS

Co-investorsDASH VenturesEniac VenturesBDC Capital Corporation

NodeOps Node Servicenodeops.xyzin𝕏

NodeOps is an agentic operating system for running AI in production, providing managed orchestration, scheduling, and multi-region CPU/GPU compute so teams can deploy AI workloads without building their own infrastructure.

AI & Machine LearningCloud ComputingData & Infrastructure

Co-investorsMiH VenturesYAP Capital

Pipeshiftpipeshift.comin𝕏Jan 2025 · $2.5M

Pipeshift provides managed inference infrastructure for deploying and scaling AI models with low latency and high reliability.

AI & Machine LearningCloud ComputingData & InfrastructureEnterprise SoftwareSan Francisco, US

Arko C(Co-founder, CEO)inEnrique Ferrao(Founder)inPranav Reddy(Founder)in

Co-investorsArka Venture LabsMyAsiaVCSenseAI VenturesStrategxy Ventures LLCY CombinatorgradCapital+1 more

Quandriquandri.ioin

Quandri builds an AI-powered renewal intelligence platform that automates repetitive, manual work in the policy renewal process for insurance brokerages.

AI & Machine LearningInsurTechSaaSVancouver, CA

Jackson Fregeau(Co-founder)Jamieson Fregeau(Co-founder)

Co-investorsAviso VenturesFramework Venture PartnersFUSETeam Ignite VenturesIntact Ventures

Quantotryquanto.comin

Quanto is a sales, marketing, and onboarding platform for accounting and bookkeeping firms that identifies and qualifies ideal clients, books discovery calls, and automates client onboarding into QuickBooks.

FintechSaaSSales Tech

Co-investorsFlair VenturesSterling Road

Qubridgequbridge.ioin

Quantum Bridge develops quantum-safe key distribution technology for protecting critical infrastructure and sensitive data against cyber threats.

CybersecurityDeep TechQuantum Computing

Co-investorsPrimo VenturesToronto Innovation Acceleration Partners

Reddioreddio.comin𝕏

Reddio builds a GPU-accelerated, parallel Ethereum-compatible EVM Layer 2 that executes smart contract transactions concurrently using zero-knowledge proofs for scalability and Ethereum-level security.

Crypto & Web3Deep TechDeveloper Tools

Spellbookspellbook.legalin𝕏

Spellbook develops AI-powered software for lawyers that integrates directly into Microsoft Word to automate contract drafting and review.

AI & Machine LearningLegalTech

Scott Stevenson(Founder)inDaniel Di Maria(Founder)inMatt Mayers(Founder)

Co-investorsBling CapitalConcrete VenturesInovia CapitalKhosla VenturesKillick CapitalLegalTech+5 more

spiky.aispiky.aiin𝕏

Spiky provides an AI platform for venture capital investors to assist with deal sourcing, due diligence, portfolio management, and founder relationships.

AI & Machine LearningFintechHR TechSaaSSales TechBoston, US

Co-investorsAmrock VenturesDorm Roomm]x[v CapitalMetis VenturesRoo CapitalTechOne Venture Capital+1 more

Stay22stay22.comin

Stay22 provides an affiliate monetization platform with a script and AI tools that automatically surface travel-related affiliate opportunities within existing content.

AdTechAI & Machine LearningTravel & Hospitality

Andrew Lockhead(Founder)in

Co-investors7 Gate VenturesSummit Partners

Stayflexistayflexi.comin

Stayflexi provides software that handles operations for hotels and vacation rentals, with features for automating management tasks and selling unused rooms and amenities to increase revenue.

Enterprise SoftwareSan Francisco, US

Venkatesh Sakamuri(Founder)inPreetam Mohan Shetty(Founder)inKrishna Sasank Talasila(Founder)in

Co-investorsY Combinator

Talent Protocoltalentprotocol.comAcquired

Lisbon-founded builder-reputation platform behind Builder Score, acquired by recruiting firm IPTS in August 2026.

Co-investorsCoinbase VenturesFlori VenturesProtocol Labs

Usemeruusemeru.com
Viavia.deliveryin

Via.Delivery operates a Buy Online, Pickup Anywhere (BOPA) network with more than 36,000 local commercial pickup locations across the U.S., including sites inside pharmacies, grocery stores, gas stations and convenience stores.

E-commerceLogistics & Supply ChainRetail Tech

Mitchell Nikitin(Founder)inOlga Nikitina(Founder)inOlga Nikitin(Co-founder & CPO)

Co-investorsCathexis VenturesFlucas VenturesKube VCTunitas Ventures

Vitruveovitruveo.xyz
Voiceflow Blackvoiceflow.comin𝕏

Voiceflow provides a platform for building AI agents that handle customer interactions, starting with customer support.

AI & Machine LearningEnterprise SoftwareSaaS

Braden Ream(Founder)inAndrew Lawrence(Founder)inMichael Hood(Founder)in

Co-investorsAbstract VenturesFelicis VenturesJetstreamMaC Venture CapitalOpenView Venture PartnersOperator Collective+4 more

Voltpostvoltpost.comin

Voltpost provides EV charging by retrofitting existing lampposts to deliver accessible charging in urban communities.

CleantechEnergyHardwareMobility & TransportationNew York, US

Jeffrey Prosserman(Executive Officer, Director)Luke Mairo(Co-Founder & COO)Jeff Prosserman(Co-Founder & CEO)Jörn (Joern) Vicari(Founder)

Co-investorsImpact America Fund

Portfolio news

latest coverage across their companies

Frequently asked questions

How many investments has Good News Ventures made?
Good News Ventures has 38 tracked investments, 1 of which have exited via acquisition or IPO, including 1 dated in the last 24 months.
What stage does Good News Ventures invest at?
Good News Ventures invests at the Pre-Seed, Seed stages.
What sectors does Good News Ventures focus on?
Good News Ventures focuses on AI & Machine Learning, Crypto & Web3, Sector Agnostic.
Where is Good News Ventures located?
Good News Ventures is headquartered in Toronto, CA.
Who does Good News Ventures co-invest with?
Good News Ventures most often shares deals with Y Combinator, Graphite Ventures, Techstars, among 83 tracked co-investors.

Media · Podcasts & interviews

featuring the team

#034 - Mohan Markandaier // Good News Ventures | 4K

BLUMEx Disruptors Podcast · Mohan Markandaier

Similar investors

August Capital

August Capital is a venture capital firm that invests in a small number of companies, providing hands-on support to entrepreneurs building their businesses.

$1M – $15M
B Capital Group

B Capital is a global investment firm backing early to late-stage technology innovators across technology, healthcare, and energy & resilience sectors.

$10M – $50M
BlueYard Capital

Blueyard is a small equal partnership with offices in the US and Europe, investing in early-stage companies.

$500K – $5M
Cherubic Ventures

Cherubic Ventures is known for investing before a startup even launches or reaches product-market fit, often as the first institutional investor, while also setting aside half of its latest fund for follow-on support all the way through pre-IPO; it was also one of the first venture firms to operate as a solo general partner and has grown into one of the largest funds run that way. Founded by Matt Cheng, who previously built two companies that each reached over $1 billion in public market value, the firm was designed from the start to invest across both the U.S. and Asia, backing early breakout companies in places like Croatia, Bangladesh, Japan, and Taiwan in addition to the U.S., with its Taipei roots still central to its identity alongside its Silicon Valley presence.

$220K – $27M
Foundation Capital

Foundation Capital is an early-stage venture capital firm that commits to founders at the idea stage and maintains long-term relationships with portfolio companies through their growth journey.

$250K – $15M

Featured in lists