ScaleUP Ventures
Venture capitalToronto Β· SeedβLate Stage
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.
What they invest in
from 19 of 24 portfolio companiesSaaS Γ9AI & Machine Learning Γ6Enterprise Software Γ6Fintech Γ5Cybersecurity Γ3Data & Infrastructure Γ3Sales Tech Γ3Developer Tools Γ2
HQs:CanadaΓ4United StatesΓ2
Investments Β· 24 tracked
founders shown can be your intro pathAutograph provides patented "personal-data-cloaking" technology built on a zero-trust model that lets individuals authorize businesses to use their personal data without exposing the underlying identity or PII, with the ability to revoke access at any time.
CybersecuritySaaS
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
Coconut Software provides a platform for banks and credit unions that combines appointment scheduling, lobby and workforce management, video banking, and branch analytics.
Enterprise SoftwareFintechSaaS
Dooly was a CRM integration platform for sales teams, but the company is shutting down on June 30, 2025.
Sales Tech
FundThrough is an AI-powered invoice factoring platform that provides early payment for outstanding invoices to improve cash flow for small and medium-sized businesses.
Fintech
#paid is a creator marketplace connecting creators and brands for collaboration on branded content campaigns.
Creator EconomyMarketing TechMarketplaces
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
Jeffrey Hart(Chief Executive Officer)inGustavo Rivera(Chief Technical Officer)inRamin Sadr(Executive Officer, Director)Eric Copeland(Director)Robert Todd(Director)Kent Thexton(Director)
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)in
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 SoftwareSaaS
Christine Spang(Co-Founder)Jeff Koets(CEO)
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
reDock is a search tool for proposal professionals that lets users find and copy content snippets from previous proposals across Word, Google Docs, Google Slides, PowerPoint, and PDF files.
Enterprise SoftwareSaaSSales Tech
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
Solink offers an AI-based video intelligence platform that combines video footage with business data and operations to detect and validate security risks and operational inefficiencies.
AI & Machine LearningCybersecuritySaaS
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 & HospitalityDenver, US
Francis Davidson(Co-founder & CEO)Martin Picard(Co-founder)
Valsys transforms raw alternative datasets into validated, market-ready intelligence products for institutional investors and funds, handling tickerization, data cleanup, entity resolution, and predictive-power validation.
AI & Machine LearningData & InfrastructureFintech
Frequently asked questions
- What stage does ScaleUP Ventures invest at?
- ScaleUP Ventures invests at the Seed, Series A, Late Stage 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 Β· 8
Picus Capital is an early-stage technology investment firm that partners closely with founders on strategic and operational challenges to help 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 investor and community platform connecting Latin American startup talent with Silicon Valley, including a Fellowship program for founders.
Inspired Capital is a generalist early-stage venture fund that leads rounds with high conviction, making fewer than 10 investments per year across a broad range of sectors.
83North is a global venture capital firm that invests in and helps entrepreneurs build large, category-leading companies across Europe, Israel, and the US.
Flourish Ventures is a global early-stage fintech fund that backs founders building and reshaping financial services and systems.
Cathay Innovation is a multi-stage venture capital firm founded in Paris in 2015 that invests in startups building technologies transforming how people live and work, backed by industry and corporate partners.
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.
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