True North Fund
Venture capitalKitchener · Growth
Investment thesis
True North Fund I is a growth secondary venture capital fund focused on Canadian growth-stage technology companies. It seeks to identify 'True North Strong' elite performers that show capital-efficient growth, scalable opportunities and global leadership potential, targeting firms tracking toward $1 billion in annual revenue with top-percentile growth rates. Beyond capital, the fund emphasizes surrounding founders with experienced peers and coaches, leveraging Canada's global diaspora of expats at leading tech giants and veteran founders. By providing growth secondary liquidity, the fund lets companies stay focused on operating and remain in Canada, driving the national innovation economy.
Source: firm website, verified Aug 3, 2026.
What they invest in
from 1 of 1 portfolio companiesDigital Health ×1Healthtech ×1Wellness & Fitness ×1
HQs:Canada×1
Investments · 1 tracked
founders shown can be your intro pathPurposeMed is a physician-led telehealth company that builds branded services connecting patients with specialist clinicians for remote care, including PrEP, adult ADHD diagnosis and treatment, and gender-affirming care and hormone therapy.
Digital HealthHealthtechWellness & Fitness
Husein Moloo(Co-founder & CEO)Pete MacLeod(Co-founder & COO)Amaan Banwait(Co-founder & CCO)Caley Shukalek(Chief Medical Officer)
Co-investorsPanache VenturesUCeed FundsUCeed
Portfolio news
latest coverage across their companiesPurposeMed · ucalgary.ca · Jan 12, 2026
Frequently asked questions
- What stage does True North Fund invest at?
- True North Fund invests at the Growth stage.
- What sectors does True North Fund focus on?
- True North Fund focuses on AI & Machine Learning, Sector Agnostic.
- Where is True North Fund located?
- True North Fund is headquartered in Kitchener, CA.
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