Two Small Fish Ventures
Venture capitalToronto · Pre-Seed–Series A · 8 people tracked
Investment thesis
Two Small Fish Ventures is an early-stage deep tech investor focused on the next frontier of computing and its applications. The team, made up of former engineers, entrepreneurs, and operators, backs founders early and supports them as they aim to become industry-disrupting, world-class companies. Their experience spans semiconductors, AI product development, and founding and scaling global technology companies, which they use to help startups grow.
Source: firm website, verified Aug 3, 2026.
Team · 8 people
from the firm's website & curated
What they invest in
from 15 of 44 portfolio companiesAI & Machine Learning ×8Creator Economy ×4Deep Tech ×4Data & Infrastructure ×3Gaming ×3Hardware ×3Developer Tools ×2Fintech ×2
HQs:Canada×9United States×4
Who they back
founder profiles across 8 portfolio companiesFounding team size:solo founder×42 founders×13 founders×14+ founders×2
Investments · 44 tracked
founders shown can be your intro pathBy year:2025 · 12024 · 23 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)
Co-investorsBackbone AngelsTribe CapitalGood News VenturesVanedge CapitalScaleUP Ventures
A creator marketing platform connecting brands with creators to drive content creation and distribution globally.
Co-investorsVanedge CapitalVanedge Capital Limited PartnershipYork Angel Investors Inc.
David Hariri(Founder)inMike Murchison(Founder)in
Co-investorsCreative Destruction Lab (CDL)DMZFirstMark CapitalLeaders FundUniversity of Toronto Entrepreneurship HatcheryVersion One Ventures
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 Catalyst
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)
BoardRaif Barbaros(Director)in
Co-investorsBeresford VenturesBetaworksCreative Destruction Lab (CDL)Differential VenturesMS&AD VenturesRebel Fund+5 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(Co-founder & Chief Data Officer)Liran Belenzon(Co-founder & CEO)inTom Leung(Co-founder & Chief Science Officer)David Chen(Co-founder)
Co-investorsInovia CapitalGeneration Investment ManagementGradient VenturesTCV500 GlobalAfore Capital+5 more
Blumind develops all-analog semiconductor technology, including ultra-low-power analog neural signal processors (NSPs) and AMPL IP core/chiplet technology, for always-on AI classification tasks such as keyword detection, audio, vision, and sensor fusion.
AI & Machine LearningHardwareSemiconductors
Niraj Mathur(Founder)in
Co-investorsACME CapitalBDC Sustainability Venture FundCreative Destruction Lab (CDL)FusionBDC Capital CorporationCycle Capital+1 more
Company founded and led by Martin Ordonez, quoted as a founder testimonial.
Toronto-based generative AI company building text-to-image models known for accurate in-image text rendering.
Toronto, CA
William Chan(Founder)Mohammad Norouzi(Founder)in
Co-investorsAIX VenturesAndreessen HorowitzIndex VenturesRedpoint VenturesPear VCSV Angel
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 Group
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
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-investorsGlobal Founders CapitalMaple VCGarage CapitalPlay Ventures
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 MeshLateral CapitalOctopus VenturesRaptor Group+3 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(Director)inJames Janis Berdigans(Founder)inArtis KehrisinEdgars Peics(Executive Officer)Artis Grizans(Executive Officer)in
Co-investors500 GlobalAlleyCorpBling CapitalChange VenturesDreamers VCFlashpoint Venture Capital+2 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)in
Co-investorsFelicis VenturesFounder CollectiveGolden Venture PartnersGolden Ventures
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 CapitalY Combinator
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
Portfolio news
latest coverage across their companiesIdeogram · startupfortune.com · Jun 3, 2026
Viggle · aiwiki.ai · Mar 25, 2026
Joyride · baynews9.com · Nov 23, 2025
Joyride · baynews9.com · Nov 23, 2025
Blumind · founderstoday.news · Apr 12, 2025
Frequently asked questions
- How many investments has Two Small Fish Ventures made?
- Two Small Fish Ventures has 40 tracked investments, 1 of which have exited via acquisition or IPO, including 1 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, Series A 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, Deep Tech, 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 Creative Destruction Lab (CDL), Andreessen Horowitz, Golden Venture Partners, among 49 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
Bling Capital is a seed-stage venture firm that backs entrepreneurs seeking to find and scale product-market fit, supported by its Bling Product Council of over 100 product leaders.
Dreamers VC is an early-stage venture firm that leverages a global network to connect founders with companies and provide support in high-growth markets.
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.
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 artificial intelligence and machine learning since its early days, building a global portfolio of more than 100 AI companies across infrastructure, life sciences, and applications.
Khosla Ventures is a venture capital firm founded by Vinod Khosla.
Techstars is a startup accelerator and early-stage investor that funds ambitious founders and provides capital, mentorship, and access to a global network of investors, operators, and corporate partners.
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.
Moxxie Ventures is an early-stage venture capital firm that invests in companies focused on improving aspects of daily life and the workplace.
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.
L Catterton Growth is the growth investing arm of L Catterton, a consumer-focused private equity group that has made over 300 investments in consumer brands since 1989. The firm manages roughly $40 billion and backs middle-market companies and emerging high-growth consumer businesses; this unit is listed with a London office.
▶4 more co-investors
Mangrove Capital PartnersSand Hill AngelsTapas 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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