Discover if this is a suitable investor for your startup. If they are we'll make a warm introduction for free. Otherwise, we'll connect you with matching investors.
Canrock Ventures is a venture capital firm founded in 2010 and based in Hicksville, New York. The firm focuses on early-stage investments, particularly in the software sector, and operates an incubation model at its headquarters. Since its inception, Canrock Ventures has made approximately 40 investments, primarily targeting Canadian companies. However, the firm has not engaged in new investments since 2017, indicating a potential shift towards managing its existing portfolio.
The firm operates from an 11,000 square foot office in Hicksville, New York, which serves as the hub for its incubation activities. Canrock Ventures has built a reputation for its hands-on approach, providing resources and mentorship to help startups refine their products and business models. The firm’s notable milestones include its focus on enhancing human capital services through software innovations.
Canrock Ventures is dedicated to investing in early-stage software companies, explicitly excluding sectors such as biotech, manufacturing, and services. The firm emphasizes innovative software solutions, which aligns with its incubation model that allows for direct support and development of portfolio companies. This model enables Canrock Ventures to provide hands-on assistance, helping startups navigate the complexities of early growth stages.
The firm primarily focuses on Canadian companies, with 19 of its approximately 40 investments made in Canada and 6 in the United States. Canrock Ventures typically invests at the seed, Series A, Series B, and Series C stages, although specific check sizes are not disclosed. The firm seeks founders who demonstrate a strong vision and the ability to execute their ideas effectively, ensuring alignment with its investment thesis.
Canrock Ventures has a diverse portfolio of software companies, with notable investments including:
These companies represent a range of software innovations, primarily aimed at improving human capital services and digital engagement. Canrock Ventures’ portfolio reflects its commitment to early-stage software investments, although no notable exits have been reported.
Mark Fasciano - Founder of Canrock Ventures, Mark has extensive experience in venture capital and has led numerous investments in early-stage software companies. His background includes a focus on human capital services and technology-driven solutions.
Canrock Ventures operates with a small team of two partners, allowing for a streamlined decision-making process and personalized support for portfolio companies. The firm’s compact structure enables close collaboration with founders, enhancing the incubation experience.
Founders interested in pitching to Canrock Ventures should seek warm introductions through mutual connections or industry networks. While specific application forms or portals are not mentioned, a well-prepared pitch deck should include a clear overview of the software solution, market opportunity, and the founding team’s expertise. Response times may vary, but founders should be prepared for a thorough evaluation process.
As of March 2026, Canrock Ventures has not made any new investments since May 2017, when it invested in Plum.io, a company specializing in human capital services. The firm has made approximately 40 investments during its active period from 2010 to 2017, primarily focusing on Canadian software companies. Recent activity signals indicate that Canrock Ventures may be in a portfolio management or wind-down phase, with no public updates or new deal announcements.
What are Canrock Ventures' investment criteria?
Canrock Ventures focuses exclusively on early-stage software companies, explicitly excluding biotech, manufacturing, and service sectors. The firm seeks innovative software solutions that demonstrate potential for growth and scalability.
How can I apply or pitch to Canrock Ventures?
While specific application procedures are not detailed, founders typically reach out through professional networks or referrals. A strong pitch should highlight the uniqueness of the software solution and the team's capability to execute the business plan.
What makes Canrock Ventures different from other VC firms?
The firm operates an incubation model, providing hands-on support and resources directly from its headquarters. This approach allows for close collaboration with portfolio companies, helping them refine their products and navigate early growth challenges.
What is the geographic scope of Canrock Ventures' investments?
Canrock Ventures primarily invests in Canadian companies, with a secondary focus on the United States. This geographic emphasis allows the firm to leverage local market insights and networks.
What is the fund size and check size for investments?
Specific details regarding fund size and check sizes are not publicly disclosed. However, Canrock Ventures typically invests at the seed, Series A, Series B, and Series C stages.
What kind of post-investment involvement does Canrock Ventures have?
The firm maintains a hands-on approach with its portfolio companies, providing mentorship, strategic guidance, and resources to support their growth. This involvement is a key aspect of its incubation model.
All trademarks, logos and brand names are the property of their respective owners. All company, product and service names used in this website are for identification purposes only. Use of these names, trademarks, and brands does not imply endorsement.