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GreenSky Ventures is a Toronto-based venture capital firm founded in 2015. The firm focuses on investing in early-stage B2B technology startups across Canada, particularly in sectors such as AI, healthcare, biotech, SaaS, energy, IoT, cybersecurity, industrial, fintech, and commerce. With a fund size of $18 million, GreenSky Ventures has established itself as one of the most active seed-stage deep-tech investors in the region.
Currently, the firm manages a portfolio of 32 companies, emphasizing a rigorous investment process to identify promising ventures. GreenSky Ventures has achieved notable milestones, including successful exits such as Akira Health, Cyclica, Mirexus, and Rank Software. The firm operates primarily within Canada, targeting early-stage ventures at pre-seed, seed, and Series A stages.
GreenSky Ventures invests primarily in early-stage B2B startups throughout Canada, with a strong emphasis on deep-tech and enterprise software. The firm typically targets Seed and Series A investment rounds, leading with initial investments ranging from $750,000 to $1 million. Their investment strategy encompasses a diverse range of B2B models, including SaaS, hardware-enabled platforms, and applied AI.
The firm seeks to partner with IP-rich, technically complex, science-based ventures that demonstrate significant growth potential. GreenSky Ventures emphasizes a rigorous investment process to identify promising startups and provides substantial funding along with high-touch support to help these companies thrive in competitive markets.
GreenSky Ventures has a diverse portfolio of 32 companies, showcasing its commitment to early-stage B2B startups. Notable portfolio companies include:
Mike List: Founder and Managing Partner, previously an M&A lawyer with extensive experience in venture capital.
Marian Hoffmann: Managing Partner, joined in 2023, with a background in capital markets.
Jeff Brunet: Managing Partner, a five-time founder who joined in December 2024.
Greg Stewart: Partner and Investment Committee Chair, brings significant expertise in venture capital.
Valdis Martinsons: Chief Technologist, known for his deep-tech evaluation capabilities.
Neil Peet: Partner, leads intake and has a strong background in early-stage investments.
Moien Giashi: Principal, involved in sourcing and evaluating new investment opportunities.
Justin Dunnion: Senior Associate, supports portfolio management and due diligence.
Victoria McCowan: Investor Relations Manager, responsible for managing relationships with limited partners.
Jessie Poon: Controller, oversees financial operations and reporting.
To pitch GreenSky Ventures, founders should use the application portal available at greensky.vc/apply. The pitch deck should include a comprehensive overview of the business model, market analysis, and team qualifications. Founders can expect a response within a few weeks after submission. Warm introductions are preferred but not mandatory.
In recent months, GreenSky Ventures has highlighted significant achievements within its portfolio. Brickeye secured $10 million in Series B financing, showcasing the firm's active engagement with its investments. Additionally, Assetflo completed a $2 million USD seed round, further demonstrating the growth potential of its portfolio companies.
GreenSky Ventures also reported on major milestones reached by Mission Control Space Services, indicating the firm's commitment to supporting its startups through various stages of development. These activities reflect GreenSky Ventures' ongoing dedication to fostering innovation within the Canadian tech ecosystem.
What are GreenSky Ventures' investment criteria?
GreenSky Ventures focuses on early-stage B2B startups that are IP-rich and technically complex. They primarily invest in sectors such as AI, healthcare, biotech, SaaS, energy, IoT, cybersecurity, industrial, fintech, and commerce.
How can I apply or pitch to GreenSky Ventures?
Founders can apply through the GreenSky Ventures website at greensky.vc/apply. The application should include a detailed pitch deck outlining the business model, market opportunity, and team background.
What makes GreenSky Ventures different from other investors?
GreenSky Ventures is recognized for its high-touch support and deep-tech evaluation capabilities. The firm emphasizes a rigorous investment process and provides substantial resources to help startups navigate growth challenges.
What is the geographic scope of GreenSky Ventures?
The firm operates primarily within Canada, focusing on early-stage ventures across the country.
What is the typical fund size and check size for investments?
GreenSky Ventures has a fund size of $18 million, with typical check sizes ranging from $750,000 to $1 million.
What kind of post-investment involvement does GreenSky Ventures have?
GreenSky Ventures offers high-touch support to its portfolio companies, providing mentorship, access to resources, and assistance in navigating growth challenges.
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