🦊/Investors

Whitecap Venture Partners

Venture capitaloperating company · company profile

Toronto · Seed–Growth · 12 people tracked

Find your way into Whitecap Venture Partners

1,458 people in our graph share verified history with the Whitecap Venture Partners team — schools, employers, funds. One of them is your warm intro.

Sundeep Peechuunlockedknows Jacob Topatigh · together at Top Hat (overlapped)
knows the team · via Ivey Business School at Western University
knows the team · via Oliver Wyman
knows the team · via Raymond James
knows the team · via Top Hat
knows the team · via BMO Financial Group
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Investment thesis

Whitecap Venture Partners positions itself as a trusted, long-term partner to future-focused founders, emphasizing trust and communication as the foundation of innovation. With more than three decades of experience building companies, the firm applies its domain expertise to help entrepreneurs scale their vision and realize their company's potential. It highlights a track record of successful investments and supporting portfolio companies through critical next stages of growth.

Source: firm website, verified Aug 3, 2026.

Stage
Seed–Growth
Check
$1.5M – $3.6M
HQ
Toronto, ON, CA
Leads rounds
Follows
Instruments
Equity
Founded
1990
Last 12 months
3 investments
AUM
$285M
Tracked investments
30
Unicorns
1
Acquisitions
1

Team · 12 people

from the firm's website & public directories
Sherry· Analystin

Analyst at Whitecap since 2024. Previously worked in investment banking at Valitas Capital Partners.

Founder mafia

4 people who came through Whitecap Venture Partners went on to found or lead other companies.

What they invest in

from 24 of 30 portfolio companies

AI & Machine Learning ×10SaaS ×10Healthtech ×6Digital Health ×5Deep Tech ×4Biotech ×3Consumer ×3Data & Infrastructure ×3

HQs:Canada×10United States×5

Who they back

founder profiles across 14 portfolio companies
36%
solo founders
5 of 14 mapped founding teams
45%
repeat founders
of 20 founders with career history

Founding team size:solo founder×52 founders×73 founders×14+ founders×1

Where their founders studiedfrom 19 founders with education data

Queen's University ×3McGill University ×2University of Waterloo ×2Western University ×2

What their founders studiedfrom 18 founders with field-of-study data

Computer Science ×6Business & Management ×3Engineering ×3Economics ×2Physics ×2

Where their founders worked beforefrom 20 founders with career history

Akamai Technologies ×2Watchfire ×2

Investments · 30 tracked

founders shown can be your intro path

By year:2026 · 12025 · 42024 · 12023 · 12022 · 32021 · 22020 · 113 dated

Affinioaffinio.comin

Audiense is a platform for conducting audience analysis that helps brands discover who their target audience is and what they want.

AI & Machine LearningData & InfrastructureMarketing Tech

Co-investorsRound13 CapitalSocial StartsBuild Ventures

Altoidaaltoida.comin𝕏

Altoida builds a multi-modal Digital NeuroMarker Platform that combines augmented reality, sensor fusion, and explainable AI in a 10-minute self-administered assessment to detect early signs of Mild Cognitive Impairment and Alzheimer's disease.

AI & Machine LearningDigital HealthMedical Devices

Co-investorsAlpana VenturesEisai Innovation, Inc.Hikma VenturesM VenturesPolytech Ecosystem VenturesVI Partners+2 more

Altrioaltrio.comin𝕏

Altrio provides AI-native software for commercial real estate investment teams, supporting acquisitions, asset management, capital raising, development, dispositions, lending, and portfolio management.

AI & Machine LearningFintechPropTechSaaS

Co-investorsAlate PartnersMantella Venture PartnersN49PPanache VenturesRelay Ventures

Avo Photonics 01avophotonics.comin

Avo Photonics designs, develops, and manufactures custom photonic components and systems for applications in communications, sensing, space, and defense markets.

Advanced ManufacturingDeep TechHardwarePhiladelphia, US

Joseph L. Dallas(President & Founder)in

Bold Commerceboldcommerce.comin𝕏

Winnipeg-based ecommerce software company building Shopify apps and checkout/payments infrastructure for open-source platforms.

Eric Boisjoli(Founder)in

Co-investorsOMERS VenturesRound13 Capital

Cariboucaribou.care

Caribou provides an employee referral and recruitment tool for care communities, letting caregivers share job openings with qualified candidates and rewarding both effort and results.

AI & Machine LearningFuture of WorkHealthtechHR TechSaaS

Christian Alaimo 🦌(Founder)inAlex Oosterveen(Founder)in

Co-investorsMantella Venture PartnersScaleGood Fund LP (powered by TELUS)AccompliceGaingelsGoldman SachsInnovius Capital+2 more

Deep Skydeepskyclimate.comin𝕏Nov 2023

Deep Sky develops carbon removal technology, leveraging geological expertise and subsurface engineering to address climate change.

AI & Machine LearningCleantechClimate TechDeep TechInnisfail, CA

Joost Ouwerkerk(CTO & Co-Founder)inFred Lalonde(Co-Founder; Chairman)inAlexandra Petre(CEO)

Co-investorsBrightspark VenturesOMERS VenturesPanache Ventures

Felixfelixforyou.cain𝕏Oct 2025 · $53M

Felix is a Canadian digital healthcare platform offering online diagnosis, treatment, and prescription for everyday health needs such as weight loss, mental health, and sexual health.

ConsumerDigital HealthHealthtechLongevityWellness & Fitness

Kyle Zien(Founder)inEmma Stern(Co-Founder & COO)inKelly Anderson(Chief Medical Officer)Tracey Phillips(Chief Pharmacy Officer)Avrum Laurie(Chief Product Officer)Paritosh Gupta(Chief Financial Officer)

Co-investorsH Venture PartnersMantella Venture PartnersBMO Capital PartnersBrandProject CapitalXYZ Venture Capital

Fratefrate.coinSep 2024

Frate provides an AI-powered, exchange-first returns portal for Shopify brands, automating the returns process while offering fraud detection, smart routing, and recommerce options.

AI & Machine LearningLogistics & Supply ChainRetail TechAustin, US

Jake GoodmaninBailey Newton(Executive Officer, Director)

BoardYenn Lei(Director)Ryan Broshar(Director)in

Co-investorsBetter Ventures Central LlcMatchstick Ventures2048 VenturesBetter Ventures

Frugalfrugal.coin𝕏Nov 2025

Frugal Code connects source, cloud, and observability data to attribute cloud and AI spend to the specific code responsible, identify inefficient usage, and generate merge-ready pull requests that reduce costs.

AI & Machine LearningCloud ComputingDeveloper ToolsSaaSOttawa, CA

Michael Weider(Executive Officer, Director)Craig Conboy(Founder)inRob Calendino(Founder)in

BoardRussell Samuels(Director)in

Co-investorsMistral Venture Partners

Future Fertilityfuturefertility.cominApr 2026

Future Fertility develops an artificial intelligence tool to assess egg quality for fertility treatment using machine learning analysis of oocyte health.

AI & Machine LearningBiotechDigital HealthFemTechHealthtech

Rene Bharti(Co-founder)inDr. Dan Nayot(Co-founder)

Co-investorsM VenturesGaingelsSandpiper Ventures

GoBoltgobolt.comin𝕏Dec 2022 · $75M

GoBolt provides ecommerce fulfillment and last-mile delivery services, handling picking, packing, shipping, delivery, and returns for merchants, with a focus on sustainability and an electric vehicle fleet.

CleantechE-commerceLogistics & Supply ChainSaaS

Heindrik Bernabe(Co-founder)inMark Ang(Co-founder & CEO)in

Co-investorsFounderFuelIngka InvestmentsKensington Capital Partners LimitedPlaza VenturesYaletown PartnersBDC Capital Corporation+5 more

Hopperhopper.com

Travel technology company partnered with Capital One Travel.

Montreal

Frederic Lalonde(Founder & CEO)

Co-investorsAccompliceBrightspark VenturesCapital One VenturesDream Maker VenturesDrive CapitalInovia Capital+6 more

InvestNextinvestnext.comin𝕏Feb 2025 · $15M

InvestNext offers a white-label investor portal and deal room software for real estate sponsors and fund managers to raise capital, manage cap tables, automate distribution waterfalls, and share investor reports and tax documents.

FintechPropTechSaaSDetroit, US

Kevin Heras(Founder)inMATTHEW ATTOU(Executive Officer)MICHAEL GISI(Executive Officer, Director)KATE HERNANDEZ(Director)

BoardGUY TURNER(Director)inSHAYN DIAMOND(Director)in

Co-investorsBeringeaGrand VenturesID VenturesHyde Park Venture Partners

Irystecirystec.com𝕏

IRYStec develops display technology and software for automotive cockpits that adapts content to ambient light and driving conditions to improve driver visibility and safety.

Deep TechHardwareMobility & TransportationSaaS

Co-investorsTactico

Lyteflolyteflo.cominJan 2025 · $3M

Lyteflo provides software tools for electric vehicle sales, service, and appraisal to dealerships and automotive businesses.

Retail TechSaaS

Co-investorsAmplify CapitalDiagram

Mashmash.comin𝕏

Mash provides AI knowledge agents built for B2B revenue teams, connecting a company's own data across tools to answer product, technical, and sales questions with verifiable sources.

AI & Machine LearningSaaSSales Tech

Co-investorsSpacecadet VenturesStrategic Cyber VenturesMaple VC

Motherrawmotherraw.com

Mother Raw makes plant-based, vegan food products such as dressings, dips, and a cheeseless queso, with a focus on organic and allergen-free ingredients.

ConsumerDirect to ConsumerFoodTech

Nicoyanicoyalife.comin𝕏Jan 2020 · $10M

Nicoya provides digital biosensing instruments for biophysical characterization, enabling scientists to study molecular behavior and protein interactions in drug discovery and structural analysis.

BiotechDeep TechHardwareHealthtechMedical Devices

Ryan Denomme(CEO)in

Co-investorsGarage CapitalGraphite VenturesInnovative Solutions CanadaMaple Leaf AngelsRipple VenturesTorch Capital

PartnerStackpartnerstack.comin𝕏May 2021 · $29MAcquired

PartnerStack is a partnerships platform that connects technology providers, advisors and businesses to facilitate B2B distribution and revenue generation.

B2B MarketplacesEnterprise SoftwareMarketing TechMarketplacesSaaSSales TechToronto, CA

Neil Chudleigh(Cofounder)inBryn Jones(Founder)inJonathan Mendes(Founder/Designer)inLuke Swanek(Founder)in

Co-investorsY CombinatorRRE Ventures

Protenergyprotenergyfoods.com

Protenergy Foods Corporation is a contract manufacturer of premium food and beverage products, specializing in broths and ready-to-drink beverages for major brands and retailers.

Advanced ManufacturingFoodTechRichmond Hill, CA

Co-investorsKensington Capital Partners Limited

Real Mattersrealmatters.com

Whitecap II and III portfolio company; largest provider of real estate appraisals in the US, went public in 2017 at over $1B valuation

Co-investorsKensington Capital Partners Limited

SHOEBOXshoebox.mdin𝕏

SHOEBOX is a tablet-based audiometry platform that conducts hearing assessments on mobile devices; it has been clinically validated across multiple studies for use in various settings including clinics, schools, and remote locations.

Digital HealthHealthtechMedical Devices

Matthew Bromwich(Founder)inJulian Bromwich(Founder)in

Teranetteranet.cain𝕏

Teranet operates electronic registration systems and digital commerce platforms for Canadian provincial governments, particularly managing land registration and legal document filing systems in Ontario and Manitoba.

Cloud ComputingData & InfrastructureEnterprise SoftwareGovTechPropTechToronto, CA

Elgin Farewellin

Ukko Agroukko.agin𝕏Dec 2021 · $5.1M

Ukko Agro applies data science and plant science to link farm actions to their economic outcomes, helping farmers make more informed operational decisions.

AgTechAI & Machine LearningData & InfrastructureSaaSToronto, CA

Co-investorsEmmertechAg Capital CanadaTELUS Ventures

Vetstervetster.cominApr 2022 · $30M

Vetster operates an online marketplace and telehealth platform connecting pet owners with veterinary professionals for virtual appointments and pet care services.

ConsumerDigital HealthHealthtechMarketplacesToronto, US

Mark Bordo(Co-founder & CEO)inRegan Johnson(Co-founder & CTO)inKristen Johnson(CGO)inAri Birman(VP of Finance)in

Co-investorsBrightspark VenturesKensington Capital Partners Limited

Other

Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.

BoltClasscraftInso BiosciencesQvella

Portfolio news

latest coverage across their companies

Frequently asked questions

How many investments has Whitecap Venture Partners made?
Whitecap Venture Partners has 30 tracked investments, 1 of which have exited, including 5 dated in the last 24 months.
What stage does Whitecap Venture Partners invest at?
Whitecap Venture Partners invests at the Seed, Series A, Series B, Series C, Growth stages.
What is Whitecap Venture Partners's typical check size?
Whitecap Venture Partners typically writes checks of $1.5M – $3.6M.
What sectors does Whitecap Venture Partners focus on?
Whitecap Venture Partners focuses on Digital Health, Enterprise Software, Healthtech, SaaS.
Where is Whitecap Venture Partners located?
Whitecap Venture Partners is headquartered in Toronto, CA.
Does Whitecap Venture Partners lead rounds?
Whitecap Venture Partners typically participates in rounds rather than leading them.
Who does Whitecap Venture Partners co-invest with?
Whitecap Venture Partners most often shares deals with Kensington Capital Partners Limited, Brightspark Ventures, Mantella Venture Partners, among 42 tracked co-investors.

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