What stage does Graphite Ventures invest at?

Graphite Ventures invests at the Seed, Series A stages.

What is Graphite Ventures's typical check size?

Graphite Ventures typically writes checks of $500K – $1.5M.

Where is Graphite Ventures located?

Graphite Ventures is headquartered in Toronto, CA.

Does Graphite Ventures lead rounds?

Yes, Graphite Ventures leads investment rounds.

Graphite Ventures

Venture capital

Toronto · Seed–Series A · 17 people tracked

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Investment thesis

Graphite positions itself as a seed partner for Canadian B2B founders, emphasizing capital efficiency, discipline, and sustainable growth over rapid headcount or speed. The firm supports founders in building scalable B2B technology platforms and helps them progress from seed to Series A by establishing strong foundations. It provides strategic insight, market understanding, and connections to strategic capital partners, assisting Canadian companies in scaling internationally and expanding beyond Canada across North America and new markets. Graphite favors building enduring businesses rather than simply raising rounds, remaining a consistent, constructive partner through varied market cycles.

Invests inAI & Machine Learning Cybersecurity Enterprise Software Fintech Hardware Healthtech IoT PropTech SaaSCanadaNorth AmericaToronto

Source: firm website, verified Aug 3, 2026.

Stage

Seed–Series A

Check

$500K – $1.5M

Toronto, ON, CA

Leads rounds

Leads

Instruments

Equity

Founded

2022

AUM

$360M

Tracked investments

Team · 17 people

from the firm's website & public directories

Aaron Bast· General Partner· Toronto, Ontarioin

Aaron Bast is a Managing Director and General Partner at Graphite Ventures, where he invests in Canadian B2B founders at the seed stage with a focus on capital-efficient growth and early market traction. He previously served as CFO of Miovision Technologies, a Waterloo-based B2B company, and spent four years as a Manager at Ernst & Young. In 2014 he joined the MaRS Investment Accelerator Fund as Senior Investment Director, leading seed-stage investments in the Waterloo Region until the fund became Graphite Ventures in 2021.

a•••@graphitevc.comreveal

Craig Leonard· Managing Director· Toronto, Ontarioin 𝕏

Craig Leonard is a Managing Director and General Partner at Graphite Ventures, where he invests in Canadian B2B founders at the seed stage. Before Graphite, he spent seven years as Senior Investment Director at the MaRS Investment Accelerator Fund, backing early-stage B2B companies including StackAdapt, and earlier worked over a decade as a founder and operator, co-founding Integrative Health Centres Inc. and building companies in sales enablement software, wearable technology, and digital media. He also served as CRO at MediaTrust and held business development roles at Digitas (Publicis) in Boston.

c•••@graphitevc.comreveal

Kevin Madill· Partner· Ottawain

Kevin Madill is a General Partner at Graphite Ventures, having joined as a Partner in 2021 and become General Partner in 2023. He co-founded Miovision Technologies in 2006 and spent nine years there in product and technical leadership roles, later serving as CPO/CTO at SnappCar in the Netherlands and as Investment Director at the MaRS Investment Accelerator Fund. Earlier in his career he held roles at Nortel Networks, BlackBerry, Sandvine, and Cypress Semiconductor.

k•••@graphitevc.comreveal

Lance Laking· Partner Emeritus· Ottawain 𝕏

Lance Laking is Managing Director and General Partner at Graphite Ventures, a Canadian seed fund with $120M in Fund IV that invests $500K to $1.5M in early-stage B2B technology companies. He advises founders on go-to-market strategy, corporate finance, deal structure, and growth planning across Canada's major tech hubs. His background spans venture capital, corporate finance, and areas including contract negotiation, equity structuring, and working capital solutions.

l•••@graphitevc.comreveal

Adrian S. Mitchell· Principal· Calgaryin

Adrian S. Mitchell is a Principal at Graphite Ventures, where he invests in seed-stage technology companies and works with founders through Series A. His background spans upstream oil and gas, geospatial and analytics businesses, and early-stage venture investing, including roles as Venture Partner and Investment Committee member at Startup TNT. Mitchell has also co-founded a digital health company, where he led operations and fundraising efforts that secured $1.25M in pre-seed funding from WELL Health.

Mohamed Elabshihy· Principal· Torontoin

m•••@graphitevc.comreveal

Omi Velasco· Principal· Calgaryin 𝕏

Omi Velasco is a Partner at Successive Capital, where he invests in established businesses across Western Canada. Previously, he served as Principal at Graphite Ventures, Investor and COO at PirPos (which was acquired by Loggro), and held the position of Executive Director and Board Member of the Venture Capital Association of Alberta.

o•••@graphitevc.comreveal

Alexandra Wilson· Analyst· Edmontonin

Alexandra Wilson is a Venture Analyst at Graphite Ventures, where she sources deal flow, engages with companies and stakeholders, and performs due diligence evaluations. She holds an undergraduate degree in biology with a minor in chemistry from the University of Alberta's Faculty of Sciences.

Ingrid Gahol· Manager, Reporting & Administration· Torontoin

Ingrid Gahol is Manager of Reporting and Administration at Graphite Ventures. She brings 15 years of venture capital operations experience supporting both public and private investment firms, with expertise in reporting, portfolio management, and operational oversight. Her work includes managing stakeholder relationships across limited partners, portfolio companies, investors, and internal investment teams.

Jordan Nyinabangi· Senior Associate· Montrealin

Jude Sacramenthas· VP, Ecosystems· Torontoin

Jude Sacramenthas is Vice President of Ecosystems at Graphite Ventures, a Canadian institutional seed investor, where he sources and evaluates early-stage deals and contributes to the firm's AI-assisted venture capital platform. He previously served as Vice President at RBCx Early Stage and spent 14 years in banking. Sacramenthas holds positions on investment committees at McMaster University and Schulich, advises the Accelerator Centre, mentors through Google for Startups and other programs, and serves as a governor at Centennial College's Learning and Employment Committee.

Marley Cooper· VP, Finance· Torontoin

Marley Cooper is Chief Financial Officer at Graphite Ventures, a Canadian seed-stage investment firm managing $120M in Fund IV. Graphite Ventures provides initial investments ranging from $500K to $1.5M to B2B technology companies with early market traction, operating across Toronto, Montreal, Ottawa, Waterloo, and Calgary.

Sandra Castle· Manager, Platform & Projects· Waterlooin

Sandra Castle is Manager of Platform & Projects at Graphite Ventures, where she develops support systems and cross-functional infrastructure for portfolio companies. She focuses on operational excellence and capital efficiency, working across strategy, execution, and team integration to support founder needs. Castle has strengths in strategic thinking, analytical work, and learning.

Steve Currie· VP· Waterlooin

Steve Currie is Vice President at Graphite Ventures, where he advises on corporate innovation strategy and business transformation. He brings over 25 years of technology industry experience as a founder, CEO, and senior leader across enterprise software, automotive, sports analytics, and surgical robotics, with teams spanning Asia, Europe, and North America. Previously, he directed a corporate open innovation program serving major clients including GM, Mattel, and TD Bank, and oversaw Communitech's startup mentoring initiative in Waterloo Region.

Mackenzie Puklicz· Associate· Canadain

Mackenzie Puklicz is a Senior Associate at Graphite Ventures, a Canadian seed-stage venture capital firm focused on B2B technology companies. Graphite Ventures has supported numerous Canadian B2B tech founders and participated in over 40 liquidity events.

m•••@graphitevc.comreveal

Merrill Lutsky· New York, New Yorkin 𝕏

Paul Bianco· New York, New Yorkin

What they invest in

from 40 of 70 portfolio companies

SaaS ×29AI & Machine Learning ×23Healthtech ×12Enterprise Software ×10Fintech ×6Digital Health ×5Advanced Manufacturing ×3Cybersecurity ×3

HQs:Canada×12

Investments · 70 tracked

founders shown can be your intro path

By year:2025 · 1 2024 · 12 dated

Glowtifyglowtify.comin✓ verified

Glowtify builds an AI-powered marketing and growth platform with generative features that helps brands with organic and paid search, social media, and content marketing.

AI & Machine LearningMarketing TechSaaS

Marc Allard(Co-Founder & CEO)JP Arcand(Co-Founder & COO)Olivier Fradette-Roy(Co-Founder & COO)Alexandra Lefort(Co-Founder & Creative Lead)

9821724 CanadaJul 2025SEC filingmedium confidence

Toronto

Abraham Thomas(Director)Zheng Li(Chief Executive Officer and President.)

Board seatAaron Bast· per SEC Form D · $1.7M raise · filed Aug 2025

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

Arima

Arimadataarimadata.comin

Arima provides a marketing analytics platform that unifies strategy, audience data, campaign workflows, and performance metrics into one view, built around a privacy-safe synthetic population dataset (Synthetic Society™).

AdTechData & InfrastructureMarketing Tech

Bankonloopbankonloop.comin

Basetwobasetwo.aiin 𝕏

Basetwo provides AI solutions that optimize manufacturing operations for Fortune 500 companies in pharmaceuticals, specialty chemicals, and personal care.

Advanced ManufacturingAI & Machine LearningDeep TechSaaSToronto, CA

Black Owl Systems Inc

Blackowlsystemsblackowlsystems.comin

Black Owl is lease accounting software that centralizes lease data, automates journal entries, and supports IFRS 16 and ASC 842 standards for finance teams.

Enterprise SoftwareFintechCalgary, CA

Brickeyebrickeye.comin 𝕏

Bridgitgobridgit.comin

Bridgit provides workforce planning and project management software for construction contractors, offering real-time visibility into projects, team members, and staffing needs with AI-powered recommendations for team assembly and resource allocation.

AI & Machine LearningConstruction TechEnterprise SoftwareHR TechSaaS

David Diamond(CEO and Co-founder)

Cavelocavelo.comin

Cavelo offers a unified cyber risk platform for MSPs, MSSPs, vCISOs and IT teams that combines data exposure management, data discovery and classification, and vulnerability management with AI-driven risk prioritization.

AI & Machine LearningCybersecuritySaaS

Cognitogetcognito.cain 𝕏

Cognito provides online mental health care including diagnosis, medication management, and CBT-based care coaching, with a focus on conditions such as ADHD.

Digital HealthHealthtechMental Health

Cognito Health

Cydergetcyder.comin

Cyder is a loyalty platform for credit unions that issues, redeems, and integrates white-labelled rewards into everyday banking, with tools for building programs, automating rewards, and tracking member engagement.

FintechMarketing TechSaaS

E-zince-zinc.cain 𝕏

ENVGO Inc. Websiteenvgo.comin

ENVGO builds electric-propulsion marine technology that lifts vessels above the water to improve efficiency and adds autonomy, real-time awareness, and safety systems for defence, transportation, and recreational markets.

CleantechDeep TechDefense TechMobility & Transportation

Mike Peasgood(CEO)Mike Tribou(CTO)April Blaylock(System Architect)Paul Masojc(COO)Pete Keller(VP Sales & BD)Jerry Mailloux(VP Engineering)

Fluence

Fluencetechfluencetech.comin

Anaplan is a scenario planning and analysis platform that combines deterministic calculations, probabilistic AI, connected data, workflows, and role-based agents to support enterprise decision-making.

AI & Machine LearningEnterprise SoftwareSaaS

InfinitySPMinfinityspm.com

infinitySPM is a Sales Performance Management solution built on the OneStream platform that unifies corporate performance management (CPM) and SPM, covering sales planning, territory and quota optimization, account segmentation, and automated commission and incentive calculation.

Enterprise SoftwareSaaSSales Tech

Insidedeskinsidedesk.comin

InsideDesk provides a platform for dental practices to manage insurance claims digitally, automate payer accounts-receivable follow-up, and handle payment posting and reporting.

FintechHealthtechSaaS

Intellijoint Surgical Inc

Intellijoint Surgical Inc. Websiteintellijointsurgical.comin 𝕏

Intellijoint Surgical is a Canadian medical technology company that develops surgical planning and navigation systems for total joint (hip and knee) replacement procedures.

HardwareHealthtechMedical DevicesKitchener, CA

Kasterkaster.cain

Kaster Technology builds prescriptive AI software (AIM | Pace) that generates and continuously adjusts GMP-compliant production schedules for pharmaceutical manufacturers, modeling constraints like changeovers, equipment, labor, and lab/QA release timings.

Advanced ManufacturingAI & Machine LearningSaaS

Kento Healthkentohealth.com

Kento provides a continuous cardiovascular monitoring and management platform that combines AI-powered risk scoring with clinical expertise to enable proactive heart care for hospitals, insurers, and patients.

AI & Machine LearningDigital HealthHealthtech

Keyopskeyops.ioin

KeyOps operates an AI-powered platform for healthcare professional (HCP) advisory, quantitative research, effectiveness tracking, and program evaluation, replacing traditional advisory boards with asynchronous digital engagement.

AI & Machine LearningHealthtechSaaS

Kritikkritik.ioin 𝕏

Kritik is an education platform offering two tools: VisibleAI, which tracks how students use AI in their work to promote ethical AI use, and Kritik360, a peer-assessment tool aimed at reducing instructor grading workload while building students' critical thinking skills.

AI & Machine LearningEdTechSaaS

Loop Financial

Maxamaxa.aiin

MedMe

Building the operating system for pharmacies, transforming them from dispensaries into community healthcare hubs.

Medmehealthmedmehealth.ca

MedMe provides pharmacies with a modular, API-driven and AI-native platform to launch, run, and bill for clinical services, covering scheduling, intake, documentation, patient outreach, and medical billing/revenue cycle management.

AI & Machine LearningDigital HealthSaaS

Meriniomerinio.comin

Merinio provides a workforce management platform that automates shift scheduling, callouts, timecard validation, and employee communication for organizations seeking to reduce labor costs and improve operational efficiency.

Enterprise SoftwareHR TechSaaS

Mycroftmycroft.io

Mycroft builds AI-based security and compliance officers that automate enterprise-grade security and compliance work for companies, consolidating multiple point solutions into a single platform.

AI & Machine LearningCybersecuritySaaS

Mike Kim(Co-founder & CEO)Jon Mendes(Co-founder, Product & Design)Jan Jedrasik(Co-founder, Engineering)

MyStoria Inc.mystoria.com

myStoria builds tools that help reproductive health patients organize their medical history and arrive at appointments better informed and prepared.

Digital HealthFemTechHealthtech

Jessica(Founder)

Nicoya

Helps scientists succeed to improve human life.

Odaiaodaia.aiin

Ontopicalontopical.com

Ordereaseorderease.comin

OrderEase provides a B2B order management system that unifies orders from multiple channels — wholesale portals, EDI, email POs, and marketplaces — and routes them cleanly into a seller's ERP and fulfillment systems.

Logistics & Supply ChainRetail TechSaaS

Part3part3.ioin

Partner companynicoyalife.comin 𝕏

Planworthplanworth.coin 𝕏

Planworth is a financial planning platform for financial advisors that generates tax, estate, and financial planning recommendations tailored to each client's situation.

FintechSaaSWellness & Fitness

Premisehq

Premisesaaspremisesaas.comin

Premise offers a low-code platform for building and sharing applications, alongside a data integration product (Groundfloor) that connects and standardizes real estate systems and data, plus conversational AI capabilities.

AI & Machine LearningPropTechSaaS

ProNavigatorpronavigator.aiin 𝕏

ProNavigator is an AI assistant embedded into insurance workflows that provides real-time answers, guidance, and actions for property & casualty (P&C) insurance operations.

AI & Machine LearningEnterprise SoftwareInsurTech

Protexxaprotexxa.comin 𝕏

Protexxa is a B2B SaaS platform that uses AI to identify, evaluate, predict, and resolve cybersecurity threats affecting employees, including checking whether personal information has been exposed online or on the dark web.

AI & Machine LearningCybersecuritySaaS

Raven Connected

Ravenconnectedravenconnected.comin

Raven provides road intelligence technology combining AI video telematics, vehicle-to-everything (V2X) connectivity, and intelligent transportation systems (ITS) that turn vehicles into real-time data nodes.

AI & Machine LearningIoTMobility & Transportation

Remitianremitian.com

Remitian Taxpay

Resolvmdresolvmd.comin 𝕏

ResolvMD provides medical billing claim management for physicians, combining a dedicated billing team with AI-powered error detection, claim tracking, peer benchmarking, and real-time insights.

AI & Machine LearningHealthtechSaaS

Rondeivurondeivu.com

SalonScale Technology Inc.salonscale.comin

SalonScale offers backbar management software that lets salon owners track the exact cost of products used, manage inventory, and improve profitability.

ConsumerRetail TechSaaSWellness & Fitness

Alicia Austin(Founder & CEO)Alicia Soulier(Founder)

Scribenotescribenote.cominJun 2024

Scribenote provides AI-powered clinical documentation software for veterinary professionals to automate note-taking and reduce administrative workload.

AI & Machine LearningHealthtechSaaSKitchener

Dr. Katie(Veterinary Lead, Co-founder)Alina Pavel(Secretary and Chief Product Officer)Ryan Gallagher(Chief Executive Officer)

Scribenote Velocity Gv Spv 1 Lp

Shinydocsshinydocs.comin 𝕏

Shinydocs is information governance software that searches, classifies, cleans, and applies retention rules to content across enterprise repositories (such as SharePoint, OpenText, Box, and file shares) without migrating files.

AI & Machine LearningEnterprise SoftwareSaaS

Sidiansidian.ai

Sidian offers a software application that builds a unified data structure, or "company brain," around a company's data and connects to existing tools.

AI & Machine LearningData & InfrastructureEnterprise Software

Super Advisor

Superadvisorsuperadvisor.ai

Super Advisor is practice-management software for Canadian discretionary portfolio managers and US registered investment advisors that turns existing documents into a complete client record, surfaces tasks, and keeps KYC and reviews current across an advisor's book.

AI & Machine LearningFintechSaaS

Swift Medical

Swiftmedicalswiftmedical.comin 𝕏

Rows marked “SEC filing” are inferred from directors named on the company's SEC Form D — public regulatory data, not a portfolio list published by the firm.

Portfolio news

latest coverage across their companies

Vena Medical’s MicroAngioscope Cleared by FDA for Use in Peripheral Vasculature - Endovascular Today

Vena Medical · evtoday.com · Feb 26, 2026

Frequently asked questions

What stage does Graphite Ventures invest at?: Graphite Ventures invests at the Seed, Series A stages.
What is Graphite Ventures's typical check size?: Graphite Ventures typically writes checks of $500K – $1.5M.
What sectors does Graphite Ventures focus on?: Graphite Ventures focuses on AI & Machine Learning, Cybersecurity, Enterprise Software, Fintech, Hardware, Healthtech, IoT, PropTech, SaaS.
Where is Graphite Ventures located?: Graphite Ventures is headquartered in Toronto, CA.
Does Graphite Ventures lead rounds?: Yes, Graphite Ventures leads investment rounds.

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