Fundraising FoxScaleUP Ventures
Venture capitalToronto · Seed–Series A · 5 people tracked
Find your way into ScaleUP Ventures
Each arrow is one introduction. Sign up to fill in the first one.
Ask Natasha Hnidy to introduce you to Kevin Kimsa
You →Natasha · together at Coconut Software →Kevin
Ask Jamie Chen to introduce you to Jackie Manley
You →Jamie · together at Bentall Kennedy →Jackie
Ask Sam Okafor to introduce you to Gustavo Cruz
You →Sam · together at ScaleUP Ventures →Gustavo
- Ana Beatriz de Azevedo Rezende1 person can intro you
- Arthur O'Keefe1 person can intro you
Sign up to find every way you can get introduced to ScaleUP Ventures
- Your email: who you already know at ScaleUP Ventures, and who your contacts know
- 2nd- and 3rd-degree connections: people you know who worked, studied or invested with the ScaleUP Ventures team
- Your LinkedIn: the connections who can make the intro for you
We rank every route by how warm it is, so you raise on warm intros instead of cold emails.
Investment thesis
ScaleUP Ventures invests in early-stage Canadian technology companies, providing not only capital but active, hands-on involvement from fund founders who have built billion-dollar exit companies. The firm supplies mentorship, connections and expertise to help portfolio companies reach market faster and scale globally. Backed by private investors and provincial commitments from Ontario and British Columbia, ScaleUP aims to strengthen the Canadian technology sector and broader economy. The team emphasizes being deep, engaged users of their investees' products and maintaining honest, straightforward relationships with founders.
Source: firm website, verified Aug 3, 2026.
Team · 5 people
from curated & public directoriesWhat they invest in
from 32 of 35 portfolio companiesSaaS ×20AI & Machine Learning ×12Enterprise Software ×12Fintech ×10Cybersecurity ×5Sales Tech ×5Data & Infrastructure ×4Digital Health ×3
HQs:Canada×10United States×5Brazil×2United Kingdom×1Japan×1New Zealand×1
Investments · 35 tracked
founders shown can be your intro pathBy year:2022 · 22021 · 32020 · 22019 · 12018 · 32017 · 22015 · 114 dated
MedStack provides a compliance platform that lets developers deploy healthcare applications on their choice of cloud provider while automatically meeting healthcare privacy regulations and industry security requirements (such as PHI protection and SOC 2).
CybersecurityDeveloper ToolsDigital HealthHealthtech
Balaji Gopalan(Co-founder)inSimon Woodside(Co-founder)in
Co-investorsBCF VenturesArchangel Network of FundsArgonautic VenturesBlu Venture InvestorsPanache VenturesTELUS Ventures+2 more
This page is an educational blog article explaining what data backups are, backup types, and storage strategies, ending with a promotion for Norton 360.
ConsumerCybersecuritySaaS
Co-investorsContour Venture PartnersBessemer Venture PartnersInovia CapitalInsight PartnersRidge Ventures
Canalyst provides financial models and fundamental data for publicly-traded companies, serving investment professionals, banks, and corporations.
Data & InfrastructureFintech
Co-investorsConconi Growth PartnersHighsage VenturesVanedge CapitalVanedge Capital Limited PartnershipWorldQuant VenturesDragoneer Investment Group
Cinchy provides a Data Collaboration Platform that integrates enterprise data across systems with governance controls, and offers PeriMind, a governance layer for AI agent access to enterprise systems.
AI & Machine LearningCybersecurityData & InfrastructureEnterprise SoftwareToronto, CA
Karanjot Jaswal(Founder)in
Co-investorsForgePoint CapitalTechstarsBDC Venture CapitalInformation Venture PartnersManulife Investment Management
Coconut is self-employed accounting software for sole traders and landlords in the UK that connects to personal bank accounts to separate business and personal transactions, providing tax management, invoicing, and expense tracking for Self Assessment and Making Tax Digital compliance.
FintechSaaSLondon, GB
Co-investorsApollo Informal InvestmentQVenturesTechstars468 CapitalBay PartnersFelicis Ventures+4 more
Coconut Software provides a customer engagement platform designed for financial institutions including banks.
Enterprise SoftwareFintechSaaS
Katherine Regnier(Founder and CEO)in
Co-investorsConexus Venture CapitalKlass CapitalStand Up VenturesBay PartnersInformation Venture PartnersStandUp Ventures
CrowdCare operates a cloud-based platform that matches elderly care recipients in Japan with trained home care helpers based on specific skills and needs.
B2B MarketplacesDigital HealthHealthtechMarketplacesSaaS
Co-investorsbasepartnersBrightspark VenturesMantella Venture Partners
Dooly was a CRM integration platform for sales teams, but the company is shutting down on June 30, 2025.
Sales Tech
Justin Vaillancourt(Founder)
Co-investorsCrew CapitalMantis CapitalPallasite VenturesReshapeAdditionBattery Ventures+7 more
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 Fund
Ottawa-based subscription billing and management platform, now operating as Stax Bill after its 2021 acquisition by Fattmerchant.
Co-investorsOMERS VenturesBDC Capital Corporation
#paid operates a creator marketplace that connects brands and content creators for influencer marketing campaigns, along with creative strategy support and post-campaign performance reporting.
Creator EconomyMarketing TechMarketplacesToronto, CA
Bryan Gold(Founder)in
Co-investorsBackbone AngelsTribe CapitalTwo Small Fish VenturesGood News VenturesVanedge Capital
Lexter develops a large language model tailored for legal work in Brazil and serves major law firms in the country.
AI & Machine LearningEnterprise SoftwareLegalTechSão Paulo, BR
Pedro Jahara(Founder)inPedro Calderon(Founder)inGuilherme Delai(Founder)inLucas Kawazoi(Founder)in
Co-investorsAlexia VenturesNorte VenturesY CombinatorCanaryEndeavor Scale-Up
Mavencare connects seniors requiring home care with their families through a mobile platform that provides real-time updates on care appointments, medication reminders, and caregiver monitoring.
B2B MarketplacesDigital HealthHealthtechToronto, CA
Co-investorsExtreme Venture PartnersExtreme Venture Partners LLPFJ Labs
Mojix provides real-time, item-level visibility and asset management software for supply chains, serving retailers, luxury brands, food companies, and industrial manufacturers.
IoTLogistics & Supply ChainSaaSBoca Raton, US
Ramin Sadr(Executive Officer, Director)Jeffrey Hart(Chief Executive Officer)inGustavo Rivera(Chief Technical Officer)in
BoardEric Copeland(Director)Robert Todd(Director)Kent Thexton(Director)
Co-investorsOak Investment PartnersRunway Growth CapitalOMERS Ventures
Naborly helps landlords and property managers screen rental applicants, identify suitable tenants, and guarantee monthly rental payments through tenant vetting and payment protection services.
AI & Machine LearningFintechPropTechToronto, CA
Dylan Lenz(Founder/CEO)inAnastasia Fox(Co-Founder)Zeke Kan(Co-Founder)
Co-investors2.12 AngelsPICUS CAPITALY CombinatorAgrolimen VenturesAssurant VenturesCogito Capital+9 more
Nylas provides unified communication data infrastructure that integrates email, calendar, contacts, and meetings across fragmented providers into structured, AI-ready data for SaaS applications and automated workflows.
AI & Machine LearningData & InfrastructureDeveloper ToolsEnterprise SoftwareSaaSSan Francisco, US
Christine Spang(Co-Founder)inJeff Koets(CEO)in
Co-investors8VCBeaconsfield CapitalBroom VenturesDCVC (Data Collective)Founders.aiGreat Oaks Venture Capital+6 more
Penny builds a B2B software platform for procurement and spending management aimed at organizations.
AI & Machine LearningEnterprise SoftwareFintechSaaSRiyadh, SA
Iyad Aldalooj(Founder)in
Co-investorsIliad PartnersOutliers VCSalica InvestmentsShorooq PartnersWamda CapitalAcronym Venture Capital+2 more
Penny provides team management and monitoring tools for businesses, including features for organizing check-ins, celebrating milestones, and sharing content with team members.
AI & Machine LearningCreator EconomyDirect to ConsumerFuture of WorkHR TechSaaSSales Tech
David Abbey(CEO & Co-Founder)inChris Noble(CTO & Co-Founder)inMark Hughes(VP of Business Development)Andrew Draper(Head of Innovation)Matt Fraser(COO)
Co-investors7BC Venture CapitalAcronym Venture CapitalClass 5 GlobalOutliers VC
Penny is a finance management platform and CRM for motor dealers, brokers, and retailers that handles the lending workflow from lead capture through credit checks, bank statements, calculators, and single-click lender submissions via API integrations.
FintechSaaSSales Tech
Co-investorsCreative HQ — The IncubatorAcronym Venture Capital
Penny provides an AI-powered platform for social sellers and direct sales teams, offering AI script generation, micro-learning modules, and daily action prompts to drive prospecting, customer follow-up, and repeat business.
AI & Machine LearningSaaSSales Tech
Co-investorsOryx FundWUTIF CapitalAcronym Venture Capital
Plooto is a B2B payment automation platform that centralizes accounts payable and receivable, including check payments, credit card acceptance, international payments, and automated invoice management and reconciliation.
Enterprise SoftwareFintechSaaS
Co-investorsCentana Growth PartnersCentana PartnersFINTOP CapitalFJ LabsGolden VenturesLuge Capital+1 more
Portão 3 (P3) is a Brazilian fintech that issues unlimited virtual and physical cards for businesses, with real-time spending controls and category-based limits.
Enterprise SoftwareFintechSaaSUberlândia, BR
Fernando Nery(Founder)in
Co-investorsY CombinatorBetter Tomorrow VenturesFin CapitalFlexportKleiner PerkinsPareto Holdings+2 more
Rose Rocket provides software that enables transportation and trucking companies to conduct logistics operations through digital tools rather than traditional phone and email communication.
Enterprise SoftwareLogistics & Supply ChainToronto, CA
Alexander Luksidadi(Founder/CTO)in
Co-investorsFundersClubHighsage VenturesRipple VenturesScale Venture PartnersShine CapitalY Combinator+6 more
Sonder operates a hospitality platform offering managed short-term rental accommodations across multiple cities globally, combining contemporary design with technology-enabled services for guests.
MarketplacesPropTechTravel & HospitalitySan Francisco, US
Francis Davidson(Co-Founder & CEO (2014–2025))inMartin Picard(Co-Founder)inLucas Pellan(Co-Founder)Sanjay Banker(President & Chief Financial Officer)Satyen Pandya(Chief Technology Officer)Daniel Cornwell(Interim Co-CEO (from June 2025))
.png?itok=LlQN3w0b)
.jpg?itok=cPnZveha)
Co-investorsAkkadian VenturesAlate PartnersBDC Venture CapitalBlackbird VenturesFounderFuelGores+9 more
SortSpoke provides AI-powered document processing and analysis for insurance companies using machine learning models trained in Toronto.
AI & Machine LearningEnterprise SoftwareInsurTechSaaSToronto, CA
Jasper Liin
Co-investorsNAventuresIDEA Fund PartnersSixThirty Ventures
Verint provides workforce engagement management software that helps contact centers forecast customer demand, plan and schedule resources, and manage employee performance using AI.
AI & Machine LearningEnterprise SoftwareSaaSMelville, US
Co-investorsGolub GrowthMantella Venture PartnersPartners for GrowthPartners for Growth (PFG)Brightspark Ventures
Wysdom (part of the Verint CX Automation Platform) provides chatbot and conversation analytics software that captures interaction data from voice and digital bots and surfaces KPIs like containment rate, cost per chat, and customer experience in a unified dashboard.
AI & Machine LearningEnterprise SoftwareSaaS
Co-investorsBrightspark VenturesExtreme Venture PartnersExtreme Venture Partners LLPMindset VentureMantella Venture Partners
Other
Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.
RenorunSonder CanadaSplash
Exits · 7
7 acquisitions · showing 2Canalystacq. by Tegus Acquires CanalystNaborlyacq. by SingleKey
Frequently asked questions
- How many investments has ScaleUP Ventures made?
- ScaleUP Ventures has 35 tracked investments, 7 of which have exited.
- What stage does ScaleUP Ventures invest at?
- ScaleUP Ventures invests at the Seed, Series A stages.
- What sectors does ScaleUP Ventures focus on?
- ScaleUP Ventures focuses on Sector Agnostic.
- Where is ScaleUP Ventures located?
- ScaleUP Ventures is headquartered in Toronto, CA.
- Does ScaleUP Ventures lead rounds?
- ScaleUP Ventures typically participates in rounds rather than leading them.
Co-investors · 8
Picus Capital is an early-stage technology investment firm with a long-term investment philosophy, partnering closely with founders on strategic and operational challenges to build global companies.
Global Founders Capital (GFC) is the global venture capital platform of Rocket Internet, investing early and across sectors in fast-growing technology companies.
Latitud is an early-stage venture firm backing Latin American founders, providing first checks with founder-friendly terms and a fellowship program that connects LatAm talent to Silicon Valley.
Inspired Capital is a generalist early-stage venture fund that leads rounds with high conviction, backing founders across a wide range of sectors.
83North is a global venture capital firm that invests in and helps entrepreneurs build large, category-defining companies, backing startups across multiple stages and sectors.
Flourish Ventures is a global venture capital firm focused on financial health and fintech innovation, investing in early-stage companies across the US and emerging markets. It grew out of the Omidyar Network and is funded entirely by the Omidyar family.
Cathay Innovation is a multi-stage venture capital firm backed by industry, investing in startups building technologies that transform how people live and work. It operates a global platform for startup–corporate collaboration.
Atman Capital is an early-stage venture firm that partners with founders at the pre-seed and seed stages, offering a collaborative community model where portfolio founders are treated as partners of the fund.
Firms observed investing alongside ScaleUP Ventures, from public investor directories. Shared companies are the overlap with ScaleUP Ventures's recorded portfolio.
Similar investors
83North is a global venture capital firm that invests in and helps entrepreneurs build large, category-defining companies, backing startups across multiple stages and sectors.
8VC is a venture capital firm investing across logistics, life sciences, healthcare, IT infrastructure, and government/defense, guided by its Smart Enterprise thesis focused on data integration and platform network effects.
Accel is a venture capital firm that partners with exceptional teams, positioning itself as a first partner to founders globally.
AirTree Ventures runs Pathfinders, a free four-week in-person program in Sydney for young builders (high-school graduates up to age 23) to work on a real product, access the AirTree team and founders, and build a peer network.
Andreessen Horowitz (a16z) is a venture capital firm founded in 2009 by Marc Andreessen and Ben Horowitz, known for pioneering the platform model with a large team of operators supporting founders across stages.