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Weave VC is an early-stage venture capital firm founded in 2022 to support innovators in Western Canada, particularly in Alberta. The firm emerged from Red Thread Ventures, an angel syndicate that operated from 2020 to 2022. Weave VC focuses on investing in technology businesses during their formative stages, with a strong emphasis on cleantech. The firm operates primarily in Calgary and Edmonton, aiming to foster growth and innovation in the region.
Currently, Weave VC is managing Weave VC Fund I, which is active from 2022 to 2025. The firm is dedicated to backing founders and providing active support through mentorship and networking opportunities. Weave VC's approach includes participation in local startup initiatives, serving as judges and mentors at various accelerators, and hosting networking events to connect entrepreneurs with resources and expertise.
Weave VC invests in early-stage companies, particularly within the cleantech sector, while also exploring opportunities across various technology sectors. The firm operates primarily in Western Canada, focusing on the Alberta region, including Calgary and Edmonton. Investment stages include pre-seed, seed, and seed-plus, with a defined investment timeline from 2022 to 2025.
The firm seeks to support innovators who are building technology businesses with a meaningful allocation to cleantech. Weave VC looks for founders who demonstrate strong vision and commitment to their projects. The firm emphasizes active involvement in the local startup ecosystem, providing mentorship and networking opportunities to enhance the growth potential of its portfolio companies.
Weave VC's portfolio includes notable companies that reflect its focus on cleantech and technology innovation:
Jeffrey Manner - General Partner. Jeffrey has extensive experience in venture capital and has been involved in various successful investments in the technology sector.
Mark Mitchell - General Partner. Mark serves as a mentor at CDL Vancouver and has a strong background in supporting cleantech initiatives.
Marco Donadeo - General Partner. Marco is a co-GP with a focus on early-stage investments and has been active in the Western Canadian startup ecosystem.
James Freeman - Venture Partner. James brings a wealth of experience in technology investments and supports the firm's portfolio companies.
Katie Swanson - Venture Partner. Katie has a background in venture capital and plays a key role in evaluating potential investments.
To pitch to Weave VC, founders should visit the firm's website and submit their pitch deck through the provided channels. It is essential to include a comprehensive overview of the business, including the problem being solved, the solution offered, market analysis, and team background. Weave VC appreciates clear and concise presentations that highlight the startup's potential for growth.
Response times may vary, but founders can expect to hear back within a few weeks. Warm introductions are preferred, as they can facilitate a more favorable review process.
In January 2025, Weave VC led the seed round for Innova Cleantech, focusing on sustainable graphite and hydrogen production. This investment highlights the firm's commitment to supporting cleantech innovations in Western Canada.
Weave VC continues to engage actively in the local startup ecosystem, with General Partners participating as judges and mentors at various accelerators, including the Creative Destruction Lab and New Ventures BC.
What are Weave VC's investment criteria?
Weave VC focuses on early-stage technology companies, particularly in the cleantech sector. The firm invests in pre-seed, seed, and seed-plus stages, primarily within Western Canada, especially Alberta.
How can founders apply or pitch to Weave VC?
Founders can pitch their ideas through the Weave VC website. It is recommended to include a clear business plan, market analysis, and details on the founding team in the pitch deck.
What makes Weave VC different from other venture capital firms?
Weave VC emphasizes active support for its portfolio companies through mentorship and networking opportunities. The General Partners are deeply involved in the local startup ecosystem, serving as judges and mentors at various accelerators.
What is the geographic scope of Weave VC's investments?
The firm primarily invests in Western Canada, focusing on Alberta, including cities like Calgary and Edmonton.
What is the fund size and check size for investments?
Specific details regarding the fund size and check sizes have not been disclosed. However, Weave VC is known for leading seed rounds and supporting early-stage companies.
What kind of post-investment involvement does Weave VC have?
Weave VC provides active support post-investment, including mentorship, networking events, and participation in the local startup ecosystem to help portfolio companies grow and succeed.
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