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Onwave ventures

Venture capital

Oakville · Seed–Growth · 2 people tracked

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Investment thesis

Onwave Ventures backs ambitious entrepreneurs targeting large markets with innovative, solid business models in fintech, mobile, and internet technology. The firm deploys C$100K to C$1MM per investment at early stages, reserving capital for follow-on rounds with successful ventures. Investing its own capital lets the firm take a long-term view and remain flexible on deal structure, terms, and dynamics. Its primary geographic focus is Canada and the USA. Rather than a passive backer, the firm positions itself as an enabler, offering support, resources, and discipline to help strong ideas grow into profitable businesses.

Source: firm website, verified Oct 2, 2026.

Stage
Seed–Growth
Check
$75K – $750K
HQ
Oakville, CA
Instruments
Equity
Founded
2016
Tracked investments
2

Team · 2 people

from the firm's website
Vlad Ilchuk· Managing Partner

Vlad has over 25 years of experience as a senior corporate executive and founder/CEO of entrepreneurial ventures in energy and agribusiness. Originally from Russia, he was a core member of the private energy company ITERA's executive team ahead of a successful exit, and now operates a family office in Oakville, Ontario investing across industries in North America and globally.

Alex Yurganov· Partner

Alex has over 15 years of management consulting and general management experience in high-growth industries, most recently at McKinsey & Company supporting large U.S. financial institutions through digital and operations transformations. He holds an MBA from IMD in Lausanne and a Master of Law from the Higher School of Economics in Moscow.

What they invest in

from 2 of 2 portfolio companies

AI & Machine Learning ×1Enterprise Software ×1Fintech ×1Healthtech ×1SaaS ×1

HQs:Canada×1United States×1

Investments · 2 tracked

founders shown can be your intro path
Collectlycollectly.coinSeed

Collectly provides AI-powered automation for healthcare revenue cycle management and patient financial engagement.

AI & Machine LearningEnterprise SoftwareHealthtechSan Francisco, US

Levon Brutyan(CEO)inMax Mizotin(Founder)inTat Ajamyan(Advisor)Andrew Gooding(Senior Director of Client Operations)Jessie Koester(Vice President Revenue Ops)Kevin Lunn(Head of Product)

Co-investorsCabra VCGoAhead VenturesGranatus VenturesInvariantes FundPID Fund I, a series of DV Collective, LPs16+11 more

FundThroughfundthrough.comin𝕏Oct 2016

FundThrough provides invoice factoring and funding technology that lets small businesses convert unpaid invoices into working capital quickly.

FintechSaaSToronto, CA

Steven Uster(Co-Founder & CEO)in

Co-investorsCanadian Business Growth FundScaleUP Ventures

Frequently asked questions

What stage does Onwave ventures invest at?
Onwave ventures invests at the Seed, Series A, Series B, Growth stages.
What is Onwave ventures's typical check size?
Onwave ventures typically writes checks of $75K – $750K.
What sectors does Onwave ventures focus on?
Onwave ventures focuses on Fintech, Healthtech.
Where is Onwave ventures located?
Onwave ventures is headquartered in Oakville, CA.

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