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ScaleGood Fund LP is a social impact venture capital fund based in Edmonton, Alberta, Canada. Founded with the mission to invest in companies that deliver both financial returns and measurable social impact, the fund operates with a dual mandate. It seeks to bridge the gap between traditional venture capital and impact investing, focusing on ventures that prioritize mental health, environmental stewardship, and education.
The fund has an approximate size of CAD $10 million and primarily invests at the pre-seed and seed stages. ScaleGood Fund LP has a portfolio of 10 companies and is backed by TELUS, a major Canadian telecommunications company, which adds significant credibility and resources to its operations. The fund is open to global investments, provided that the ventures can offer their products or services to Canadians.
ScaleGood Fund LP invests in early-stage companies at the pre-seed and seed levels, providing funding between CAD $25,000 and $200,000. The fund prioritizes sectors such as healthcare, climate, consumer products, and fintech, with a strong emphasis on ventures that address critical societal issues. These include mental health, security, safety, wellness, anti-racism, environmental stewardship, clean energy, and education.
All investments must demonstrate a commitment to social impact alongside financial viability. The fund is particularly interested in companies that align with its values and mission, ensuring that both the limited partners and entrepreneurs share similar goals. ScaleGood Fund actively monitors emerging trends and cohorts, such as those from the Alchemist Accelerator, to identify promising investment opportunities.
ScaleGood Fund LP has invested in a diverse range of companies that align with its mission of social impact. Notable portfolio companies include:
This portfolio reflects the fund's commitment to investing in companies that not only aim for financial success but also strive to create a positive social impact.
Ashif Mawji: Managing Partner with extensive experience in venture capital and entrepreneurship. He has a strong background in supporting startups and driving social impact initiatives.
Blaine Labonte: Venture Partner with a focus on early-stage investments and a background in technology and innovation.
Dr. Jehangir Appoo: Venture Partner with expertise in healthcare and social impact, contributing valuable insights into investment decisions.
Sameer Dhar: Venture Partner with a strong track record in finance and investment, helping to guide portfolio companies towards growth.
To pitch ScaleGood Fund LP, startups should use the ScaleupMap platform to set up a profile and submit their details. The pitch deck should include a clear outline of the business model, social impact goals, and financial projections. The fund prefers warm introductions but is open to direct submissions through the platform. Response times may vary, but founders can expect timely feedback on their applications.
In March 2026, ScaleGood Fund LP announced its first confirmed investment in Areto Labs, a company focused on protecting organizations from digital bullying and online hate. This investment coincided with the fund's launch announcement, marking a significant milestone in its operational journey.
ScaleGood Fund LP continues to explore new investment opportunities, particularly in sectors that align with its mission of social impact and financial returns. The fund's partnership with TELUS enhances its credibility and resource availability for portfolio companies.
What are ScaleGood Fund's investment criteria?
ScaleGood Fund LP invests in companies at the pre-seed and seed stages, focusing on sectors such as healthcare, climate, consumer products, and fintech. All ventures must demonstrate a commitment to social impact alongside financial viability.
How can startups apply or pitch to ScaleGood Fund?
Startups can set up a profile and submit their details through the ScaleupMap platform. For general inquiries, they can reach out via email at info@scalegood.ca.
What makes ScaleGood Fund different from other venture capital firms?
ScaleGood Fund LP uniquely combines financial returns with measurable social impact, prioritizing investments in ventures that address critical societal issues. The fund's backing by TELUS adds significant credibility and resources to its portfolio companies.
What is the geographic scope of ScaleGood Fund's investments?
The fund is open to global investments, provided that the ventures can offer their products or services to Canadians. This allows for a diverse range of investment opportunities across various markets.
What is the typical check size for investments?
ScaleGood Fund LP typically invests between CAD $25,000 and $200,000 in each venture, depending on the specific needs and potential of the startup.
What kind of post-investment involvement does ScaleGood Fund have?
ScaleGood Fund actively monitors its portfolio companies and provides support aligned with their missions and values. This includes fostering a supportive network that enhances growth potential and identifying emerging trends for future investments.
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