Fundraising Fox
Two Small Fish Ventures
Venture capitalToronto · Pre-Seed–Seed · 8 people tracked
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Investment thesis
Two Small Fish Ventures focuses on early-stage deep tech, investing in the next frontier of computing and its applications. The firm backs founders early in their journey and supports them as they scale toward becoming industry-disrupting, world-class companies. Its team members were previously engineers, entrepreneurs, and operators, with experience spanning semiconductors, groundbreaking AI products, and founding and scaling global tech companies. This operating background informs their support on fundraising, product strategy, and team scaling.
Source: firm website, verified Sep 25, 2026.
Team · 8 people
from the firm's website & curated
What they invest in
from 27 of 50 portfolio companiesAI & Machine Learning ×11Deep Tech ×7SaaS ×6Hardware ×5Creator Economy ×4Data & Infrastructure ×4EdTech ×3Fintech ×3
HQs:Canada×15United States×7
Who they back
founder profiles across 14 portfolio companiesFounding team size:solo founder×52 founders×43 founders×24+ founders×3
Where their founders studiedfrom 21 founders with education data
University of Toronto ×6McGill University ×3Concordia University ×2Cornell ×2OCAD University ×2Queen's University ×2University of California, Berkeley ×2
What their founders studiedfrom 20 founders with field-of-study data
Computer Science ×7Engineering ×7Business & Management ×5Life Sciences ×4
Where their founders worked beforefrom 20 founders with career history
Google ×2Ubiquity6 ×2University of Toronto ×2
Accelerator rootsportfolio companies that came through a program
5 founders hold a PhD · 3 hold an MBA (of 23 with degree data)
Investments · 50 tracked
founders shown can be your intro pathBy year:2026 · 12025 · 22024 · 22023 · 12022 · 22019 · 22015 · 111 dated
Axiomatic AI makes Lemma, an AI co-explorer for scientific and engineering work that helps users validate, derive, and analyze equations and reasoning across mathematics, physics, and engineering with reproducible Python-based modeling.
AI & Machine LearningDeep TechDeveloper Tools
Co-investorsPropagator VenturesKleiner PerkinsG Vision CapitalThe Engine Ventures
#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 CapitalGood News VenturesVanedge CapitalScaleUP Ventures
Toronto-based Ada Support builds enterprise AI customer service agents that automate resolution across chat, email, voice and messaging.
David Hariri(Founder)inMike Murchison(Founder)in
Co-investors515 VenturesAccelBessemer Venture PartnersCreative Destruction Lab (CDL)DMZDMZ Ventures+10 more
Applied Brain Research develops on-device AI technology optimized for resource-constrained edge devices, enabling responsive and energy-efficient AI capabilities.
AI & Machine LearningDeep TechHardwareWaterloo, CA
Co-investorsArchangel Network of FundsGarage CapitalRaptor GroupSilicon CatalystSand Hill Angels
Armilla AI is a managing general agent offering liability coverage, performance warranties, and risk assessments for AI systems.
AI & Machine LearningData & InfrastructureEnterprise SoftwareFintechInsurTechToronto, CA
Dan Adamson(Founder)inKarthik Ramakrishnan(Founder)inBaiju Hasmukhrai Devani(Executive Officer, Director)Baiju Devani(Founder)Rahm Hafiz
BoardRaif Barbaros(Director)in
Co-investorsBeresford VenturesBetaworksCreative Destruction Lab (CDL)Differential VenturesMistral Venture PartnersMS&AD Ventures+8 more
BenchSci builds AI infrastructure for preclinical drug discovery, using machine learning that reads scientific literature to extract experimental evidence and map disease biology for biopharma R&D teams.
AI & Machine LearningBiotechData & InfrastructureDigital HealthHealthtechToronto, US
David Qixiang Chen, PhD(Founder)inElvis Wianda(Founder)inLiran Belenzon(Founder)inTom Leung(Founder)inDavid Q. Chen(Founder)
Co-investorsInovia CapitalGeneration Investment ManagementGradient VenturesTCV500 GlobalAfore Capital+8 more
Blumind is a Canadian deep-tech startup developing all-analog AI neural network architectures for energy-efficient edge AI computing.
AI & Machine LearningDeep TechHardwareSemiconductors
Niraj Mathur(Founder)in
Co-investorsACME CapitalBDC Sustainability Venture FundCreative Destruction Lab (CDL)FusionventureLAB Innovation CentreBDC Capital Corporation+2 more
Cedience provides a SaaS platform that uses natural language processing and machine learning to help drug development teams quickly find evidence-backed answers to regulatory questions by centralizing and integrating regulatory databases.
AI & Machine LearningBiotechData & InfrastructureHealthtechSaaSToronto, CA
Amin Osmani(Founder & CEO)inAndy Nanopoulos(Founder & CTO)in
Co-investorsArgon VenturesBantam GroupTechstars
ENVGO builds electric-propulsion marine technology that lifts vessels above the water to improve efficiency and adds autonomy, real-time awareness, and safety systems for defence, transportation, and recreational markets.
CleantechDeep TechDefense TechMobility & Transportation
Mike Peasgood(CEO)inMike Tribou(CTO)Paul Masojc(COO)inPete Keller(VP Sales & BD)inJerry Mailloux(VP Engineering)in
Co-investorsGraphite VenturesWaterloo Accelerator Centre
Guiker is a property platform that combines rental listings with real estate investment, letting users rent homes while building a real estate portfolio individually or by co-investing with others.
FintechMarketplacesPropTech
Co-investorsOne Way VenturesBoxOne Ventures
Haply develops force-feedback haptic devices and robotics workflow tools that let users physically feel digital, simulated, and robotic interactions through resistance, texture, pressure, and contact.
Deep TechHardwareRoboticsMontreal, CA
Colin Gallacher(Co-Founder)inNicolas Gravel(Director)Yi Ding(Director)
BoardShachar Oren(Director)in
Co-investorsDraper AssociatesHustle FundInnovative Solutions CanadaSound Media Ventures
Toronto-based generative AI company building text-to-image models known for accurate in-image text rendering.
Toronto, CA
William Chan(Founder)inMohammad Norouzi(Founder)inChitwan Saharia(Founder)Jonathan Ho(Founder)
Co-investorsAIX VenturesAndreessen HorowitzIndex VenturesPear VCRedpoint Ventures468 Capital+11 more
Joyride is a game studio building games with new technologies that let players own, trade, and interact with in-game digital characters and items.
Crypto & Web3Gaming
Co-investorsAndromeda CapitalCoinbase VenturesMulana CapitalValor Capital GroupProeza Ventures
Joyride provides an integrated IoT and software platform for original equipment manufacturers of lightweight electric vehicles, offering fleet management, connectivity, and telematics capabilities.
HardwareIoTMobility & TransportationSaaS
Co-investorsCapria VenturesProeza VenturesUrban InnovationExport Development Canada (EDC)Liil Ventures
Juno College of Technology offers coding bootcamps, part-time courses, and free workshops to help students transition into tech careers.
EdTechFuture of WorkToronto, CA
Heather Payne(Founder)in
Co-investorsAlumni VenturesVentureSouqY CombinatorCredo VenturesPioneerRebel Fund+1 more
Litnerd is a reading and writing application for children that combines collaborative clubs, gamified challenges, and AI-powered personalized tutoring to help kids develop literacy skills.
EdTechSaaSNew York City, US
Anisa Mirza(CEO)inAdam Bailin(Staff Engineer)Joshua Schwartz(Creative Producer)
Co-investorsScout FundVentureSouqWinklevoss CapitalY CombinatorHarvard Management CompanyK3 Diversity+2 more
Nothing is a Toronto-based design studio led by designer and creative director Rahul Bhogal, offering brand strategy, identity, motion, packaging, and website design and development.
Creator EconomyMarketing TechToronto, CA
Rahul Bhogal(Designer & Creative Director)
Parallelz is building a computing architecture and platform that converts existing native mobile apps into native-web apps without code modifications or SDKs, allowing them to run in a browser without installs or app stores.
Deep TechDeveloper ToolsGaming
Co-investorsMaple VCGlobal Founders CapitalGarage CapitalJude GomilaPlay VenturesInovia Capital+1 more
Pngme provides alternative data analytics and creditworthiness assessment solutions for financial institutions in Africa and Asia.
AI & Machine LearningData & InfrastructureFintech
Lorraine(CEO)Rob(VP of Growth)Philip(CTO)
Co-investorsBeresford VenturesCapria VenturesConsenSys MeshFuture AfricaLateral CapitalOctopus Ventures+5 more
Printify is a print-on-demand platform that enables entrepreneurs to build eCommerce businesses by connecting them with a global network of printing providers.
B2B MarketplacesCreator EconomyDirect to ConsumerE-commerceLogistics & Supply ChainSaaSWilmington, US
Janis Berdigans(Executive Officer, Director)inGatis Dukurs(Founder)inJames Janis Berdigans(Founder)inArtis Kehris(Founder)inEdgars Peics(Executive Officer)inArtis Grizans(Executive Officer)in
Co-investors500 GlobalAlleyCorpAlumni VenturesBling CapitalChange VenturesDreamers VC+8 more
Sheertex manufactures luxury rip-resistant shaping tights designed for compression and support.
ConsumerDirect to ConsumerFemTechNew MaterialsMontreal, CA
Katherine Homuth(Founder)Natalie Catania(Founder)in
Co-investorsBackbone AngelsHemisphere Ventures LLCIcebook Investments Corp.Saltagen VenturesArcTern VenturesBDC Venture Capital+1 more
SkipTheDishes operates an online food and retail delivery marketplace connecting consumers with over 50,000 restaurants, grocers, and other retailers across Canada.
FoodTechLogistics & Supply ChainMarketplaces
Chris Simair(Founder)inAndrew Chau(Founder)
Co-investorsCapital B Private HoldingsFelicis VenturesFJ LabsFounder CollectiveGolden Venture PartnersGolden Ventures
SRTX develops materials and software tools for textile manufacturing, with an initial product line of hosiery made from high-strength polymers.
Advanced ManufacturingRoboticsMontreal, CA
Katherine Homuth(CEO)inMichael Woodworth(Vice President Technology)Sam Colby(Head of People)Elana Szemenyei(People Operations)
Co-investorsSeraph GroupY CombinatorAbstract VenturesAperture Venture CapitalArcTern VenturesBDC Venture Capital+19 more
Stratum.ai develops machine learning solutions for mining operations to address operational challenges and inefficiencies.
Advanced ManufacturingAI & Machine LearningClimate TechDeep TechToronto, CA
Daniel Mogilny(Founder)inFarzi Yusufali(Founder)inDanial(Co-founder)in
Co-investorsAtas VCJ17 CapitalSoma CapitalY CombinatorAsymmetry VenturesBuilders VC+2 more
Tailos manufactures Rosie, an AI-powered commercial robot vacuum for business operations.
AI & Machine LearningEnterprise SoftwareHardwareRoboticsAustin, US
Micah Green(Founder)in
Co-investorsInvariantes FundOctave Ventures LlcRed Beard Ventures10x FoundersComet Labs
Tiptree Systems provides an AI research assistant that summarizes arXiv papers, answers research questions with sourced responses, and helps find collaborators, grants, and candidates.
AI & Machine LearningEdTechSaaS
Co-investorsDorm Room
Viggle builds AI models for controllable video generation, enabling creators to place characters in scenes, animate from still images, and remix existing footage.
AI & Machine LearningCreator EconomyGamingMedia & EntertainmentToronto, CA
Hang Chu(Founder)in
Co-investorsAndreessen HorowitzRuna Capital
Wavy makes augmented reality experiences centered on music and visual art content.
ConsumerSan Francisco, US
Hammad Bashir(Founder)inSonia Sharma(Founder)inColde(Founder)Neha Verchand
Co-investorsY CombinatorArchangelBackbone AngelsGarage CapitalLaconiaVenture Investment Associates
Wavy is a management software for hair salons, barbershops, and beauty institutes, offering point-of-sale, online booking, a branded website, digital marketing, inventory management, and a secure client database.
Marketing TechRetail TechSaaS
Shawn Hewat(Founder)in
Co-investorsWind VentureArchangelBackbone AngelsGarage CapitalLaconia
Other
Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.
#paidBeaubbleByteShapeFibraFUTURiFUTURi Power Inc.GenseeGlifHaplyHepzibah AIMasterpiece XMave & ChezPoppyQubicSequenceStory ProtocolSureMark DigitalYScopeZinite
Portfolio news
latest coverage across their companiesArmilla AI · fintech.global · Jan 23, 2026
Applied Brain Research · prnewswire.com · Jan 12, 2026
Blumind · betakit.com · Apr 10, 2025
Frequently asked questions
- How many investments has Two Small Fish Ventures made?
- Two Small Fish Ventures has 50 tracked investments, 2 of which have exited, including 3 dated in the last 24 months.
- What stage does Two Small Fish Ventures invest at?
- Two Small Fish Ventures invests at the Pre-Seed, Seed stages.
- What is Two Small Fish Ventures's typical check size?
- Two Small Fish Ventures typically writes checks of $1M – $3M.
- What sectors does Two Small Fish Ventures focus on?
- Two Small Fish Ventures focuses on AI & Machine Learning, Cleantech, Cybersecurity, Data & Infrastructure, Deep Tech, Energy, Hardware, Robotics, Semiconductors.
- Where is Two Small Fish Ventures located?
- Two Small Fish Ventures is headquartered in Toronto, CA.
- Does Two Small Fish Ventures lead rounds?
- Yes, Two Small Fish Ventures leads investment rounds.
- Who does Two Small Fish Ventures co-invest with?
- Two Small Fish Ventures most often shares deals with Andreessen Horowitz, Creative Destruction Lab (CDL), Garage Capital, among 93 tracked co-investors.
Media · Podcasts & interviews
featuring the teamVenture capitalist duo and #uoft alumni Allen and Eva Lau of Two Small Fish Ventures
University of Toronto · Eva Lau
#14 - Allen Lau, Wattpad | Two Small Fish Ventures. Learning Machine
Kelly Yefet · Allen Lau
FoundersHK meets Allen Lau Two Small Fish Ventures
FoundersHK · Allen Lau
Eva Lau of Two Small Fish Ventures presents Network Effect is Your Asset
TechTO · Eva Lau
Co-investors · 16
Khosla Ventures is a venture capital firm that backs bold, early-stage, technology-driven companies across deep tech and other sectors, providing hands-on 'venture assistance' to help founders build category-defining businesses.
FJ Labs is an early-stage investment firm specializing in marketplaces and network-effect businesses, taking an angel-style co-investment approach alongside institutional venture funds worldwide.
Techstars is a global startup accelerator and early-stage investor that funds and mentors ambitious founders, providing $220K in capital, a three-month program, and access to a worldwide network of mentors, investors, and corporate partners.
Bling Capital is a seed-stage venture firm that helps entrepreneurs find and scale product-market fit, backed by a Product Council of 100+ product leaders.
Dreamers VC is an early-stage venture firm co-founded by Will Smith and Japanese soccer star Keisuke Honda that partners with founders building companies across consumer, enterprise, entertainment, fintech and health/biotech, positioning itself around community, access and speed.
AlleyCorp is an early-stage investor and incubator based in New York that builds and backs companies across enterprise, consumer, healthcare, and deep tech sectors.
Sand Hill Angels is an angel investor group made up of accredited members who invest in and advise early-stage technology startups, primarily in Silicon Valley.
Change Ventures is a pre-seed venture capital firm backing ambitious Baltic founders in Estonia, Latvia and Lithuania, as well as the Baltic diaspora globally, providing initial capital plus hands-on support to reach product-market fit.
GV (Google Ventures) is a venture capital firm that has invested in AI and machine learning since its early days, backing more than 100 AI companies across infrastructure, life sciences, and applications.
Moxxie Ventures is an early-stage venture firm that backs technical founders building software and smart systems, investing at the pre-seed and seed stages primarily in North America.
Scribble Ventures is an early-stage venture firm run by product and go-to-market leaders from OpenAI, Meta, Twitter, and a16z, backing AI native founders at the pre-seed and seed stages.
Parade Ventures is a San Francisco Bay Area venture firm that leads and co-leads seed-stage rounds as a first check into new companies. It targets businesses with recurring revenue, high margins, and repeatable sales models across B2B and consumer categories, connecting portfolio founders with a network of experienced operators.
▶4 more co-investors
L CattertonMangrove Capital PartnersTapas CapitalConcrete Ventures
Firms observed investing alongside Two Small Fish Ventures, from public investor directories. Shared companies are the overlap with Two Small Fish Ventures's recorded portfolio.
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