Fundraising FoxTrue North Fund
Venture capitalWaterloo · Growth · 5 people tracked
Find your way into True North Fund
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You →Manjari · together at Photonic →Chris
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You →Jamie · together at Auvik Networks →Sean
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You →Sam · together at Turnstyle Solutions →Nicholas
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Investment thesis
True North Fund I is a Canadian growth secondary venture capital vehicle focused on backing growth-stage technology companies and keeping them in Canada. It aims to identify 'True North Strong' companies — capital-efficient, scalable businesses tracking toward $1 billion in annual revenue with global leadership potential. Beyond capital, the fund emphasizes surrounding founders with experienced peers and coaches, tapping Canada's global diaspora of expats inside major tech giants and veteran founders. Using a data-driven selection approach, it seeks elite performers in the Canadian tech ecosystem, aligning the ambitions of leading funders and founders while providing growth secondary liquidity so companies can focus on operating.
Source: firm website, verified Sep 27, 2026.
Team · 5 people
from the firm's website & curated
What they invest in
from 5 of 5 portfolio companiesAI & Machine Learning ×3Enterprise Software ×3SaaS ×3Fintech ×2Cybersecurity ×1Digital Health ×1E-commerce ×1Healthtech ×1
HQs:Canada×3United States×1
Who they back
founder profiles across 5 portfolio companiesWhere their founders studiedfrom 10 founders with education data
Brown University ×2Dalhousie University ×2Queen's University ×2University of Calgary ×2
Investments · 5 tracked
founders shown can be your intro path
Arctic Wolf provides managed detection and response (MDR) services with 24x7 security teams that detect, investigate, and respond to threats using an open XDR platform processing trillions of events weekly.
AI & Machine LearningCybersecurityEnterprise SoftwareSaaSEden Prairie, US
Brian NeSmith(Founder & CEO)in
Co-investors1435 Capital33NArtisanal VenturesBlue Cloud VenturesBlue Owl CapitalBright Pixel Capital+21 more
Clutch is an online platform for buying and selling used cars in Canada, offering pricing, inspection, e-contracting, financing, and delivery through software built in-house.
E-commerceMarketplacesMobility & Transportation
Stephen Seibel(Founder & President)inDan Park(Chief Executive Officer)inAnshul Ruparell(Chief Financial Officer)inRichard Ball(Chief Production Officer)
Co-investorsCanaan PartnersAltos VenturesFeldsmith CapitalFJ LabsLightspeed Venture PartnersPanache Ventures+11 more
Humi was a Canadian HR, payroll, and benefits software platform designed for small and medium-sized businesses in Canada.
AI & Machine LearningEnterprise SoftwareFintechHR TechSaaSToronto, CA
Kevin Kliman(Founder/CEO)inMatt Loszak(Founder/CTO)inDrew MillingtoninSimon Bourgeois(Founder)in
Co-investors500 Global7BC Venture CapitalAmplify.LAChartline Capital PartnersFundersClubGarage Capital+18 more
MindBridge builds AI-based financial risk intelligence software for audit and finance teams.
AI & Machine LearningEnterprise SoftwareFintechSaaS
Solon Angel(Founder)in
Co-investorsNAventuresReciprocal Ventures
PurposeMed 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)inPete MacLeod(Co-founder & COO)inAmaan Banwait(Co-founder & CCO)inCaley Shukalek(Chief Medical Officer)in
Co-investorsAzure Capital PartnersPanache VenturesUCeed FundsUCeed
Exits · 1
1 acquisitionsHumiacq. by Employment Hero
Frequently asked questions
- How many investments has True North Fund made?
- True North Fund has 5 tracked investments, 1 of which have exited, including 1 dated in the last 24 months.
- 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, Cybersecurity, Digital Health, HR Tech, SaaS, Sector Agnostic.
- Where is True North Fund located?
- True North Fund is headquartered in Waterloo, CA.
- Who does True North Fund co-invest with?
- True North Fund most often shares deals with Lightspeed Venture Partners, Panache Ventures, Canaan Partners, among 44 tracked co-investors.
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