Fundraising Fox

Marigold Capital

Impact investor

Seed–Series A · 2 people tracked

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Investment thesis

Marigold Capital applies a gender and social equity lens to impact investing, targeting a large but overlooked market by funding early-stage, technology-enabled companies led by women and BIPOC founders. It seeks to address inequality, systemic racism, and disproportionate social impacts by connecting investors with disruptive companies tackling major social challenges. The team cites 20+ years of combined experience and having managed over $105MM in early-stage impact investments, including developing fund products, building ventures, and managing boards and teams.

Invests inAI & Machine LearningImpact & Social GoodAfricaCanadaGlobalNorth America

Source: firm website, verified Aug 3, 2026.

Stage
Seed–Series A
Instruments
Equity
AUM
$105M
Tracked investments
6

Team · 2 people

from the firm's website
Jonathan Hera· Founder & Managing Partner

With over 12 years of impact investment experience across domestic and lower/middle income markets, he has led investor relations and portfolio work at Sarona Asset Management, RBC, and Grand Challenges Canada, where he co-led a gender strategy. He founded and teaches an MBA course on impact investing at the Schulich School of Business.

Narinder Dhami· Managing Partner

A Canadian leader in social finance recognized as a Top 40 Under 40 (2019) and BMW Foundation Responsible Leader, she built LEAP | Pecaut Centre for Social Impact and founded Rise Asset Development, and has worked on microfinance and impact investing in the Global South. She lectures at Ryerson University and co-created impact investing courses at the University of Toronto.

What they invest in

from 1 of 6 portfolio companies

HR Tech ×1Logistics & Supply Chain ×1Mobility & Transportation ×1

HQs:Canada×1

Investments · 6 tracked

founders shown can be your intro path
Goodeeworldgoodeeworld.com
Hop In Technologieshopintech.comin

Hop In provides data-driven tools for employers and transport operators to optimize workforce access and operational efficiency through recruitment analytics, commute risk modeling, route optimization, and fleet management.

HR TechLogistics & Supply ChainMobility & TransportationToronto, CA

Indiegrafindiegraf.comin
Needslistneedslist.co
Thediscoursethediscourse.ca
Ululaulula.comin

Frequently asked questions

What stage does Marigold Capital invest at?
Marigold Capital invests at the Seed, Series A stages.
What sectors does Marigold Capital focus on?
Marigold Capital focuses on AI & Machine Learning, Impact & Social Good.

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