Fundraising Fox

NAventures

Corporate VC

Toronto · Seed–Growth · 6 people tracked

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Investment thesis

NAventures is the corporate venture capital arm of National Bank of Canada. It invests in, partners with, and helps scale early to mid-stage companies that aim to shape the future of financial institutions. Beyond providing capital, the firm emphasizes hands-on involvement, working alongside founders throughout the process to support the success of their ventures and create value together through strategic investments.

Source: firm website, verified Aug 3, 2026.

Stage
Seed–Growth
HQ
Toronto, QC, CA
Instruments
Equity
Last 12 months
3 investments
AUM
$109M
Tracked investments
23

Team · 6 people

from the firm's website

What they invest in

from 23 of 23 portfolio companies

Fintech ×18AI & Machine Learning ×11SaaS ×11Enterprise Software ×9Data & Infrastructure ×6Cybersecurity ×3Consumer ×2InsurTech ×2

HQs:Canada×7United States×7Romania×1

Who they back

founder profiles across 15 portfolio companies
47%
solo founders
7 of 15 mapped founding teams
55%
repeat founders
of 11 founders with career history

Founding team size:solo founder×72 founders×43 founders×14+ founders×3

Where their founders worked beforefrom 11 founders with career history

Lending Club ×2PayPal ×2Revolut ×2Uber ×2

Accelerator rootsportfolio companies that came through a program

Y Combinator ×2

Investments · 23 tracked

founders shown can be your intro path

By year:2026 · 32023 · 12019 · 15 dated

Borrowell Toronto, Canadaborrowell.comin𝕏

Borrowell offers Canadians free weekly Equifax credit scores and reports, along with credit monitoring, education, and personalized recommendations for financial products from over 75 partner institutions.

ConsumerFintech

Andrew Graham(Founder)in

Co-investorsAltai VenturesClocktower VenturesDMZ VenturesKensington Capital Partners LimitedRogue Insight CapitalWhite Star Capital+1 more

Callvucallvu.comin

Callvu provides a no-code studio that turns prompts, scripts, and PDFs into compliant customer workflows, running them either as visual micro-app flows or as deterministic, MCP-enabled backend tasks that update core systems.

AI & Machine LearningEnterprise SoftwareSaaS

Co-investorsPRYTEK

ClearEstateclearestate.comin𝕏

ClearEstate provides a technology platform for settling estates, automating administrative tasks and reducing professional fees for executors managing the estate settlement process.

FintechLegalTech

Co-investorsOMERS VenturesDiagram

d1g1td1g1t.comin𝕏May 2023

d1g1t provides wealth management and portfolio management software for financial advisors, RIAs, and multi-family offices.

Enterprise SoftwareFintechSaaSToronto

Dan Rosen(Co-founder & CEO)inPhilippe Rouanet(Co-founder & COO)inBenoit Fleury(Co-founder)inPhilippe Marcel Rouanet(Executive Officer, Director)Jason Marks(Director)inDarie Urbanky(Director)

Co-investorsExtreme Venture PartnersExtreme Venture Partners LLPFINTOP CapitalMissionOGGibraltar VenturesIlluminate Financial

Duality Technologiesdualitytech.comin𝕏Sep 2019

Duality provides a privacy-preserving data collaboration platform that lets organizations analyze and share sensitive, distributed data without moving or exposing it, using Privacy Enhancing Technologies such as fully homomorphic encryption, federated learning, and trusted execution environments.

AI & Machine LearningCybersecurityData & InfrastructureMaplewood, US

Kurt Rohloff(Executive Officer)Rina Shainski(Executive Officer, Director)Alon Kaufman(Executive Officer, Director)Shafi Goldwasser(Executive Officer)Vinod Vaikuntanathan(Executive Officer)

BoardYuval Shachar(Director)in

Co-investorsLG Technology VenturesIntel CapitalTeam8

Flinksflinks.ioin

Flinks provides financial data infrastructure for banks, lenders, and fintechs, offering bank account connectivity to over 15,000 North American institutions, fraud detection, data-driven insights, and account-to-account payments via Interac and EFT.

Data & InfrastructureFintechSaaS

Co-investorsInnoStart CapitalLuge CapitalPanache Ventures

Flowxflowx.aiin𝕏

FlowX.AI provides a platform with over 220 production-ready AI agents and an agent builder to automate mission-critical value streams such as onboarding, lending, underwriting, claims, and invoice reconciliation for regulated industries.

AI & Machine LearningEnterprise SoftwareFintechBucharest, RO

Serban Chiricescu(Founder)in

Co-investorsDawn Capital

KOHOkoho.cain𝕏

KOHO offers a mobile personal finance app for Canadian consumers, providing a spending account with cash back, interest-earning savings, credit building, cash advances, and additional services like eSIM and travel insurance.

ConsumerFintech

Co-investorsDrive CapitalFerst Capital PartnersTTV Capital

Maxamaxa.aiin

Maxa is an agentic platform that uses AI agents to build and maintain production-grade dbt data pipelines for finance and operations teams, unifying enterprise systems like SAP, Oracle, Salesforce, and Workday into a single data model.

AI & Machine LearningData & InfrastructureEnterprise Software

Alexis C. Steinman(Founder)in

Co-investorsFramework Venture PartnersGraphite VenturesAQC CapitalBDC Capital CorporationYork IE

Memcycomemcyco.comin𝕏Jan 2026 · $37M

Memcyco provides account takeover (ATO) and fraud prevention for security teams at enterprises and financial institutions.

AI & Machine LearningCybersecurityEnterprise SoftwareFintech

Ori Mazin(Founder)inEli M.(Founder)in

Co-investorsVenture Guides Management, L.P.

MindBridge Aimindbridge.aiin𝕏

MindBridge builds AI-based financial risk intelligence software for audit and finance teams.

AI & Machine LearningEnterprise SoftwareFintechSaaS

Solon Angel(Founder)in

Co-investorsReciprocal Ventures

MX technologiesmx.comin

MX provides financial data connectivity, intelligence, and API tools that enable banks and fintechs to deliver personalized financial guidance and insights to their customers.

Data & InfrastructureFintechSaaSLehi, US

Brandon Dewitt(Co-Founder)inRyan Caldwell(Founder and CEO)in

Co-investorsBattery VenturesCapitalGCommerce VenturesCota CapitalCross Creek AdvisorsDG Daiwa Ventures+6 more

Nestonesto.cainJun 2026 · $300M

Nesto is an online mortgage lending platform in Canada that offers origination, funding, and servicing for residential mortgages with transparent pricing and simplified application processes.

AI & Machine LearningFintechPropTechSaaSCanada, CA

Malik Yacoubi(CEO & Co-Founder)in

Co-investorsBreyer CapitalDiagramEndeavor CatalystExpedition Growth CapitalFondactionFonds de solidarité FTQ+1 more

Nova Creditnovacredit.comin𝕏

Nova Credit aggregates global credit bureau data, bank transaction data, and payroll information to help lenders assess borrowers and provide fairer access to credit for underserved populations including international newcomers, gig workers, and others traditionally excluded from the financial system.

Data & InfrastructureEnterprise SoftwareFintechNew York City, US

Misha Esipov(Founder/CEO)inLoek Janssen(Cofounder)

Co-investorsKleiner PerkinsGeneral CatalystA-Rod CorpAvid VenturesBallistic VenturesBetter Tomorrow Ventures+12 more

OneVestonevest.comin𝕏

OneVest provides an AI-native operating system platform for wealth management that integrates fragmented legacy systems, enabling financial firms to operate with greater speed, control, and scale.

AI & Machine LearningEnterprise SoftwareFintechToronto, CA

Jakob Pizzera(Founder)Amar Ahluwalia(Chief Executive Officer)in

Co-investorsAAF Management Ltd.Harvest Venture PartnersLuge CapitalOMERS VenturesPanache VenturesSalesforce Ventures+4 more

Ownlyownly.rein

Ownly is a digital sales platform for home builders' sales and marketing teams, offering tools such as online home reservations, DocuSign integration, deposit processing, scheduling, dynamic floor plans, and CRM integration.

PropTechSaaSSales Tech

Co-investorsGarage Capital

Sardinesardine.aiin𝕏

Sardine provides a fraud investigation platform that contextualizes risk across customers, devices, transactions, and businesses within an organization's ecosystem.

AI & Machine LearningCybersecurityFintechSan Francisco, US

Soups Ranjan(Founder & CEO)inAdi G(Founder)Zahid Shaikh(Founder)in

Co-investors11.2 CapitalActivant CapitalAndreessen HorowitzCannage CapitalCoinbase VenturesCross Creek Advisors+14 more

Sortspokesortspoke.comin

SortSpoke provides AI-powered document processing for insurance underwriting, extracting data from unstructured submissions like emails, applications, SOVs, and loss runs while keeping underwriters in control.

AI & Machine LearningInsurTechSaaS

Co-investorsIDEA Fund PartnersScaleUP VenturesSixThirty Ventures

Spadespade.comin𝕏Apr 2026 · $40M

Spade provides transaction data enrichment and standardization for financial institutions, fintechs, platforms, and AI companies.

AI & Machine LearningData & InfrastructureFintechNew York City, US

Oban MacTavish(Founder)inCooper Hart(Cofounder)

Co-investorsAndreessen HorowitzEvolution VenturesGradient VenturesOak HC/FTY CombinatorDash Fund+2 more

Syncterasynctera.comin𝕏

Synctera offers a banking-as-a-service platform with a single set of APIs covering core banking, card processing, money movement, and end-user onboarding, so companies can build fintech and embedded finance products.

Developer ToolsEnterprise SoftwareFintechSaaSPalo Alto, US

Peter Hazlehurst(Executive Officer, Director)in

BoardLogan Allin(Director)inFrederic Latreille(Director)inWilliam Kohler(Director)Ansaf Kareem(Director)Yvette Butler(Director)

Co-investorsDiagramEvolution VenturesFin CapitalFlucas VenturesNeythri Futures FundScribble Ventures+7 more

Tetradgtetradg.comin𝕏

Tetra Digital Group provides infrastructure and security for digital assets and digital finance, operating through three core entities within a regulated framework.

Crypto & Web3Fintech

Walnutgowalnut.comin𝕏

Walnut provides embedded insurance infrastructure that lets companies launch in-platform branded insurance programs through APIs or no-code integrations, without prior insurance experience.

FintechInsurTechSaaS

Co-investorsDiagramHarvest Venture PartnersFelicis Ventures

Wisetackwisetack.comin

Wisetack provides consumer financing at the point of sale, letting merchants offer their customers installment payment plans through Wisetack's lending partners.

FintechSaaSSan Francisco, US

Boyan Tzekin(Executive Officer, Director)Bobby Tzekin(CEO and Co-Founder)inKolya Klymenko(CTO & Co-Founder)inMykola "Kolya" Klymenko(CTO and Co-Founder)Liz O'Donnell(Co-Founder (formerly COO))Katya Baron(Chief Capital Officer)in

Co-investorsConversion CapitalGreylock PartnersInsight PartnersQuadrille CapitalUlu VenturesBain Capital Ventures+1 more

Portfolio news

latest coverage across their companies

Frequently asked questions

How many investments has NAventures made?
NAventures has 22 tracked investments, including 3 dated in the last 24 months.
What stage does NAventures invest at?
NAventures invests at the Seed, Series A, Series B, Growth stages.
What sectors does NAventures focus on?
NAventures focuses on Fintech.
Where is NAventures located?
NAventures is headquartered in Toronto, CA.
Who does NAventures co-invest with?
NAventures most often shares deals with Diagram, Evolution Ventures, Geodesic Capital, among 76 tracked co-investors.

Media · Podcasts & interviews

from their channel

Economic Impact - The peace dividend unwinds

National Bank of Canada

Economic Impact - Canada Is Not in Recession

National Bank of Canada

Economic Impact - A Shock Like No Other

National Bank of Canada

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