Mistral Venture Partners — Full Portfolio

Armilla AI is a managing general agent offering liability coverage, performance warranties, and risk assessments for AI systems.

AI & Machine LearningData & InfrastructureEnterprise SoftwareFintechInsurTechToronto, CA

DADan Adamson(Founder)inKRKarthik Ramakrishnan(Founder)inBaiju Hasmukhrai Devani(Executive Officer, Director)

Board seatRBRaif Barbaros· per SEC Form D

Co-investorsBEBeresford VenturesBEBetaworksCRCreative Destruction Lab (CDL)DIDifferential VenturesMSMS&AD VenturesRERebel Fund+5 more

Cloud Storage Security (CSS) provides in-tenant, multi-engine malware scanning for Amazon S3 and DataDefender, a data security posture management (DSPM) tool offering inventory, classification, activity monitoring, threat detection, and configuration checks.

Cloud ComputingCybersecurityEnterprise SoftwareSaaSReno, US

ANAaron Newman(Director)inECEd Casmer(Founder and Chief Technology Officer)inSHSteven Hess(Chief Executive Officer)inRich Vorwaller(Chief Product Officer)Mike Henderson(Chief Revenue Officer)KHKevin Hunt(Chief Technology Officer)

Board seatCCCode Cubitt· per SEC Form D

Co-investorsREReno Seed FundUPUpVentures Capital

AI-powered talent acquisition automation platform providing recruiting and workforce management software

Rochester, US

SPSameer Penakalapati(Executive Officer, Director)in

Board seatCCCode Cubitt· per SEC Form D

Co-investorsCACamden PartnersEVEvergreen Mountain Equity PartnersTOTopmark Partners

Sandy, US

ANAaron Newman(Executive Officer, Director)inJKJoshua Klein(Executive Officer)in

BoardTimothy Albrecht(Director)Aaron Klein(Director)

Board seatCCCode Cubitt· per SEC Form D

Edly is a private student loan platform offering income-based repayment (IBR) loans, including a no-cosigner option for students within a year of graduation.

EdTechFintechBriarcliff Manor, US

Christopher Ricciardi(Executive Officer, Director)inCharles Trafton(Executive Officer, Director)Daniel Gilbert(Director)

Board seatCCCode CubittPSPablo Srugo· per SEC Form D

Co-investorsALAllied Venture PartnersAZAzure Ventures GroupSOSocial Starts

Agilicus provides cybersecurity solutions for operational technology and critical infrastructure, enabling secure remote access to systems like SCADA and industrial control systems through zero-trust principles and identity-based segmentation.

Cloud ComputingCybersecurityEnterprise SoftwareIoTSaaSKitchener, CA

DBDon Bowman(Founder and CEO)NSNicolas St-Pierre(CTO)in

Co-investorsBDBDC Fund Investments (Fund-of-Funds)BDBDC Venture Capital

Autohost provides security and verification technologies for hospitality platforms to prevent fraud and verify guests.

AI & Machine LearningCybersecurityFintechPropTechSaaSTravel & Hospitality

RFRoy Firestein(CEO & CTO)inEMEla Mezhiborsky(Co-Founder)in

Axle provides an AI-powered solution for compliance teams to manage sanctions, PEP, and adverse media screening alerts at scale, reducing false positives and automating low-risk alert reviews.

AI & Machine LearningEnterprise SoftwareFintechSaaS

Co-investorsDIDiagramBABase10 PartnersGRGradient VenturesSTStage 2 CapitalY Y Combinator

Backboard builds a workflow system that connects AI models, planning tools, and project context into a unified platform for software teams to collaborate and ship production-grade code.

AI & Machine LearningCloud ComputingData & InfrastructureDeveloper ToolsEnterprise SoftwareSaaSSummit, US

Jonathan Flax(CEO)

Co-investorsGAGarage CapitalN4N49P

Loop is a cross-border banking platform that enables businesses to manage finances, pay suppliers, and receive customer payments across multiple countries with international business accounts in the US, UK, and EU.

FintechSaaSCanada, CA

Co-investorsGOGood News VenturesGRGraphite VenturesWEWedbush Ventures

BHuman is an AI video platform that lets users record one video (or generate one from a text prompt with an AI presenter) and automatically produce personalized versions for thousands of recipients, customizing names, companies, images, links, and spoken details from a CSV, API, or CRM.

AI & Machine LearningMarketing TechSaaS

Co-investorsDHDholakia VenturesGEGetVantageMUMumbai AngelsNBNB VenturesTITitan CapitalVEVenture Catalyst

Bidaya.ai provides software that streamlines the RFP (Request for Proposal) process for architecture, engineering, and construction (AEC) firms, reducing administrative overhead and enabling teams to focus on project-winning work.

AI & Machine LearningConstruction TechEnterprise SoftwareSaaSCalgary, CA

Co-investorsLOLOI VentureMEMetiquity Ventures

Bloks is an AI-powered relationship management tool positioned as an "Un-CRM" that automatically captures meetings, calls, and emails and updates contact profiles and follow-ups without manual input.

AI & Machine LearningEnterprise SoftwareFintechSaaSSales Tech

MGMarc Gingras(Founder)in

Co-investorsSTStorytime Capital

Blue J is an AI-powered platform providing tax research and analysis tools for tax professionals and accountants across North America and the UK.

AI & Machine LearningLegalTechSaaSToronto, CA

BABenjamin Alarie(CEO)inAYAlbert Yoon(Co-founder)ANAnthony Niblett(Co-founder)in

Co-investorsOAOak HC/FTSASapphire VenturesCRCreative Destruction Lab (CDL)INIntrepid Growth PartnersTOToronto Innovation Acceleration PartnersRERelay Ventures

Cavalry provides AI agents that analyze customer support tickets, resolve them in a brand-matched voice, and generate weekly reports highlighting urgent issues such as product defects, shipping trends, and billing problems.

AI & Machine LearningConsumerSaaS

Co-investorsBLBling CapitalRERed Bike Capital

Cohere builds foundational AI models and enterprise solutions that help businesses automate tasks, accelerate workflows, and enhance decision-making.

AI & Machine LearningDeveloper ToolsEnterprise SoftwareSaaSToronto, CA

AGAidan Gomez(Co-founder & CEO)IZIvan Zhang(Co-founder)inNFNick Frosst(Co-founder)in

Co-investorsACAccess Ventures (New York)ADAdvaita CapitalAJAju IB Invesment CorporationALAlumni VenturesBABasecamp FundCACastor Ventures+20 more

Movable Ink offers AI-driven personalization software, including its Studio and Da Vinci products, that automatically generates and curates content, send times, and frequency to personalize customer messages such as email at the moment of engagement.

AI & Machine LearningMarketing TechSaaSWaltham, US

Gregory Leibon(Executive Officer, Director)inKen MacAskill(Executive Officer)James Glover(Executive Officer, Director)

Co-investorsCECeltic House Venture PartnersCOContour Venture PartnersESEscalate Capital PartnersM]m]x[v CapitalMIMI VenturesRURunway Venture Partners+4 more

Signature meals from award-winning chefs, delivered to your door.

ConsumerDirect to ConsumerFoodTechBrooklyn, US

MMMateo Marietti(Executive Officer, Director)inCQClara Quiroga(Executive Officer)CAChris Asmis(Executive Officer)in

BoardRoberto Aitkenhead(Director)David Kamenetzky(Director)Henry McGovern(Director)

Co-investorsANAngelPadEVEvolution VC PartnersFUFuel Venture CapitalINInvariantes FundJAJazzya InvestmentsMCMcWin Capital Partners+7 more

EBSCO is a provider of research databases, e-journal subscription management, and library technology solutions serving universities, hospitals, corporations, and public libraries worldwide.

Data & InfrastructureEdTechEnterprise SoftwareSaaS

Enso Connect is a guest experience platform for hospitality businesses, using AI, smart home integrations, and data analytics to personalize and manage guest interactions across the customer journey.

AI & Machine LearningPropTechSaaSTravel & Hospitality

FGFrancois Gouelo(Co-Founder)in

Co-investorsMAMantella Venture PartnersCRCreator Fund

Expeto provides a mobile networking software platform that lets mobile network operators turn existing 4G/5G infrastructure into hybrid public-private enterprise connectivity services.

Enterprise SoftwareIoTSaaSVancouver, CA

RRyley(Founder)TSTerje Strand(Founder)BBrian(Head of Product)

Co-investorsIRIronGate Capital AdvisorsMOMomenta VenturesBDBDC Capital CorporationEVEvok InnovationsLALavrock Ventures

Flexera provides Flexera One, a technology management platform that gives enterprises visibility and control over AI, SaaS, cloud, software, and hardware spend and assets.

Cloud ComputingEnterprise SoftwareSaaSItasca, US

JAMES RYAN(Executive Officer, Director)MJMike Jerich(President & CEO)ELEl Lages(Chief People and Culture Officer)CAChris Andersen(Chief Financial Officer)inBTBecky Trevino(Chief Product Officer)inBMBob McCarter(Chief Technology Officer)

Co-investorsARArrowroot CapitalKAKaiser Permanente VenturesNUNumeta CapitalTATA AssociatesWIWI Harper GroupTHThoma Bravo

Frugal Code connects source, cloud, and observability data to attribute cloud and AI spend to the specific code responsible, identify inefficient usage, and generate merge-ready pull requests that reduce costs.

AI & Machine LearningCloud ComputingDeveloper ToolsSaaSOttawa, CA

Michael Weider(Executive Officer, Director)Craig Conboy(Founder)inRob Calendino(Founder)in

BoardRSRussell Samuels(Director)in

Co-investorsWHWhitecap Venture Partners

Giatec develops smart concrete testing technologies and IoT-enabled hardware systems for non-destructive testing and monitoring of concrete materials in infrastructure applications.

AI & Machine LearningConstruction TechDeep TechHardwareIoTOttawa, CA

Pouria Ghods(Co-founder)Aali R. Alizadeh(Co-founder)Pouria Ghods, PhD, P.Eng.(Co-Founder and CEO)Aali R. Alizadeh, PhD, P.Eng.(Co-Founder, President and CTO)

Co-investorsBDBDC Capital Corporation

Klipfolio provides business intelligence and analytics tools that help organizations make data-driven decisions.

Data & InfrastructureEnterprise SoftwareSaaS

AWAllan Wille(CEO and Co-Founder)in

Co-investorsOMOMERS Ventures

Lemurian Labs develops Tachyon, a software stack that runs AI workloads on any hardware and cloud while matching or exceeding the performance of hand-tuned kernels.

AI & Machine LearningDeep TechDeveloper Tools

JDJay Dawani(Founder & CEO)in

Co-investors1F1Flourish CapitalBLBlackhorn VenturesFUfutureland venturesGOGood Growth CapitalOROrigin VenturesOVOval Park Capital+12 more

Movable Ink provides AI-driven content curation and real-time creative generation to deliver personalized marketing content for retail and e-commerce brands, using each brand's own data.

AI & Machine LearningMarketing TechRetail TechSaaSNew York City, US

Michael Nutt(Executive Officer, Director)inVSVivek Sharma(Founder)in

BoardThilo Semmelbauer(Director)Matthew Gorin(Director)

Co-investorsCOContour Venture PartnersFFFf Venture CapitalOCOctopus VenturesSTStgINIntel CapitalMEMetamorphic Ventures

Hexoskin manufactures smart clothing with built-in textile sensors that monitor physiological data such as heart rate and sleep patterns; the system serves individuals tracking their health and fitness through wearable garments paired with mobile apps and cloud-based dashboards.

HardwareHealthtechIoTMontreal

Stephane Marceau(Executive Officer, Director)Maxime Julien(Executive Officer)Frederic Chanay-Savoyen(Executive Officer, Director)

BoardOri Sasson(Director)RSRob Stavis(Director)inAlan MacIntosh(Director)

Co-investorsBEBessemer Venture Partners

OutPoint provides automated media mix modeling (MMM) software that uses machine learning to help advertisers decide how to allocate ad spend across online and offline channels.

AI & Machine LearningMarketing TechSaaS

Co-investorsFJFjor FoundersMGMGV.VCENEntrepreneur FirstMGMGVTUTuesday Capital

PainWorth offers an online tool that helps personal injury and accident victims in Canada navigate the insurance claim process, including applying for accident benefits and calculating settlement values.

AI & Machine LearningConsumerInsurTechLegalTech

MZMike Z(Co-founder)MZMike Zouhri(Co-founder)

Co-investorsCHChicago Early Growth Ventures (CEGV)EDEdmonton UnlimitedPAPanache Ventures202048 Ventures

PayTic provides an AI-powered platform for automating payment back-office operations, including reconciliation, dispute and chargeback handling, network fee optimization, anomaly detection, and payment systems modernization.

AI & Machine LearningFintechSaaS

Co-investorsCOConcrete VenturesISIsland CapitalAFAfricInvestBUBuild VenturesCDCDG InvestISIsland Capital Partners+2 more

Q2 is a financial technology platform providing digital banking solutions to financial institutions, alternative lenders, and fintechs through an open ecosystem for integration and distribution.

AI & Machine LearningEnterprise SoftwareFintechSaaSAustin, US

Hank Seale(Founder)in

Co-investorsCOCohen CircleCOCota CapitalTTTTV Capital

Revaly optimizes payment processing for digital transactions by analyzing decline reasons and implementing recovery strategies using AI.

AI & Machine LearningFintechSaaS

Rewind provides backup, restore, and copy functionality for critical data across SaaS and cloud applications, serving over 25,000 organizations globally across eCommerce, accounting, productivity, and development use cases.

Cloud ComputingData & InfrastructureEnterprise SoftwareSaaS

MPMike Potter(Co-founder & CEO)inJJamesin

Co-investorsATAtlassian VenturesBEBessemer Venture PartnersH.H.I.G. CapitalINInovia CapitalINInsight PartnersRIRidge Ventures+3 more

Ritual provides online ordering and discovery technology for local restaurants to compete with large chains in the digital marketplace.

E-commerceFoodTechMarketplacesSaaSToronto, CA

Ray Reddy(Founder)inLarry Stinson(Founder)

Co-investorsFOForerunner VenturesGAGarage CapitalLELeft Lane CapitalMAMantella Venture PartnersNONorwest Venture PartnersBRBrandProject Capital+1 more

Roam is a Canadian car subscription and long-term rental company offering flexible weekly and monthly vehicle plans, with cars delivered to customers' doors.

ConsumerMarketplacesMobility & TransportationEtobicoke, CA

AGApoorv Guptain

Co-investorsMAMantella Venture Partners

RunQL is an open-source, VSCode-based SQL editor that lets developers connect to databases, write and run SQL, auto-generate schema documentation, ERDs, and charts, and store all artifacts as version-controllable JSON and Markdown files.

AI & Machine LearningData & InfrastructureDeveloper Tools

RDRob Darling(Founder)in

SalesAsk provides AI-powered coaching and analytics tools designed for sales teams in the home services industry.

AI & Machine LearningEnterprise SoftwareSaaSSales Tech

MAMoe Abbasin

SALUS is a safety management software designed for construction field crews that connects compliance processes directly to work operations rather than treating safety as disconnected paperwork.

AI & Machine LearningConstruction TechSaaSVancouver, CA

GGGabe GuettainRCRob Clifford(CTO)in

Co-investorsOUOutsidersPRPrudence

SnapTrade provides a brokerage API that enables developers and founders to build investing tools and trading platforms.

Developer ToolsFintechSaaSFredericton, CA

BLBrendan Lee Young(Founder)inBWBrendan Wood(Founder)inTMTerry Ma(CTO and Co-Founder)in

Co-investorsEAEast Valley VenturesY Y CombinatorCICiti Ventures

Soundpays develops an ultrasonic-based mobile commerce platform designed to enable instant transactions and engagement without friction at the point of intent.

AdTechDeep TechFintechMarketing TechSaaS

Peter(Founder & CEO)DSDoug Sutherland(CTO)inMarie-Christine(Legal & Regulatory Leader)PEPaul Eastwood(Director of Marketing & Business Development)in

Co-investorsYOYork Angel Investors Inc.

Noze develops a breath-analysis platform that uses nano-sensor "smell on silicon" chips and AI neural models to detect trace molecular patterns in exhaled breath and translate them into diagnostic signals.

AI & Machine LearningHealthtechMedical Devices

Co-investorsBEBeresford VenturesCOConvergent VenturesINInnovative Solutions Canada

Symend offers an AI and behavioral science engagement platform that automates enterprise debt collections by scoring customers, assigning delinquency archetypes, and delivering personalized outreach across email, text, IVR, and letters.

AI & Machine LearningEnterprise SoftwareFintechSaaS

HJHanif Joshaghani(Founder)in

Co-investorsANAngels of ManyFUFUSEINInovia CapitalPLPlaza VenturesTHThin Air LabsBOBoxOne Ventures+1 more

TensorWave provides a cloud platform for training and running AI workloads, built on AMD Instinct GPUs and the ROCm software stack.

AI & Machine LearningCloud ComputingData & InfrastructureLas Vegas, US

Jeff Tatarchuck(Executive Officer, Director)PTPiotr Tomasik(President & Chief Operating Officer)inDHDarrick Horton(Chief Executive Officer)inJTJeff Tatarchuk(Chief Growth Officer)inKSKathleen Simon(Chief Financial Officer)CMCassandra Mack(Chief Information Security Officer)

Co-investorsANAngel Collective Opportunity FundJAJavelin Venture PartnersPRProsperity7 VenturesSTStartupNVCACadenzaENEntrée Capital+1 more

Thri5 offers an AI-powered "System of Action" that detects issues, prioritizes opportunities, coordinates workflows across teams and AI agents, and measures impact to improve retail execution across stores, distribution centers, and HQ.

AI & Machine LearningRetail TechSaaSToronto, CA

Trusty offers a guided process for financial advisors and professionals to help clients document their accounts, property, investments, key people, and personal wishes, compiling them into a personalized Estate Binder for their families.

FintechSaaS

Co-investorsGRGraphite VenturesRERelay Ventures

Unito builds a two-way sync integration platform that connects work management and enterprise SaaS tools such as Asana, Wrike, Salesforce, and ServiceNow, creating live bi-directional data connections across systems.

Developer ToolsEnterprise SoftwareFuture of WorkSaaSMontreal, CA

MBMarc Boscher(Co-founder)inEWEryk Warren(Co-founder)inGBGregoire BoisinMRMarie-Rose Rioux(CFO)in

Co-investorsBEBessemer Venture Partners50500 GlobalRARainfall Ventures

Visualping is a website change monitoring tool that alerts users with highlighted before-and-after screenshots when a webpage changes, using AI to flag whether a change is important.

AI & Machine LearningDeveloper ToolsSaaS

Co-investorsANAngel ForumFUFUSEWUWUTIF Capital