31 investors have funded 15 AdTech companies head-officed in Toronto, across 34 rounds (May 2008 – Feb 2025). They are ranked by how many Toronto companies in this market they have actually backed.
"In Toronto" describes the companies, not the investor: most of the money in any city comes from somewhere else, and the Where the money comes from section below shows exactly where it came from here.
Ranked by companies backed in this market and city, then by round count. "Led" counts rounds recorded with this investor as lead.
| # | Investor | Based in | Stages here | Companies | Rounds | Led | Latest | Portfolio total |
|---|---|---|---|---|---|---|---|---|
| 1 | BlackBerry Partners Fund | Toronto, Canada | Series ASeed | 2 | 2 | 1 | Sep 2011 | 12 |
| 2 | Venture Ontario | Toronto, Canada | Series A | 2 | 2 | — | Jan 2012 | 7 |
| 3 | NFQ Ventures | Toronto, Canada | SeedSeries A | 1 | 2 | — | Sep 2013 | 1 |
| 4 | BDC | Montreal, Canada | Seed | 1 | 1 | — | Sep 2014 | 505 |
| 5 | Entrepreneur First | London, United Kingdom | Seed | 1 | 1 | — | Nov 2021 | 292 |
| 6 | Summit Partners | Boston, United States | Series B | 1 | 1 | — | Jan 2022 | 295 |
| 7 | Tuesday Capital | San Francisco, United States | Seed | 1 | 1 | 1 | Nov 2021 | 200 |
| 8 | Golden Ventures | Toronto, Canada | Seed | 1 | 1 | 1 | Dec 2014 | 112 |
| 9 | Georgian | Toronto, Canada | Series A | 1 | 1 | 1 | Jan 2012 | 76 |
| 10 | Ontario Teachers' Pension Plan | Toronto, Canada | Series B | 1 | 1 | 1 | Feb 2025 | 101 |
| 11 | GrowthWorks Capital | Vancouver, Canada | Series A | 1 | 1 | — | Jan 2010 | 73 |
| 12 | Relay Ventures | Toronto, Canada | Series A | 1 | 1 | — | Sep 2013 | 64 |
| 13 | Spintop Ventures | Malmo, Sweden | Seed | 1 | 1 | — | Jul 2024 | 46 |
| 14 | Mistral | Toronto, Canada | Seed | 1 | 1 | — | Nov 2021 | 40 |
| 15 | MaRS Discovery District | Toronto, Canada | Seed | 1 | 1 | — | Feb 2009 | 43 |
| 16 | Canadian Space Agency | Longueuil, Canada | Seed | 1 | 1 | — | Feb 2012 | 35 |
| 17 | Maple Leaf Angels | Toronto, Canada | Seed | 1 | 1 | — | Mar 2011 | 26 |
| 18 | Two Small Fish Ventures | Toronto, Canada | Seed | 1 | 1 | — | Dec 2014 | 26 |
| 19 | Plaza Ventures | Toronto, Canada | Series A | 1 | 1 | 1 | Jan 2016 | 20 |
| 20 | Tech Capital Partners | Waterloo, Canada | Series A | 1 | 1 | 1 | Jan 2010 | 12 |
| 21 | Maschmeyer Group Ventures | San Francisco, United States | Seed | 1 | 1 | 1 | Nov 2021 | 15 |
| 22 | 3T Capital | Paris, France | Seed | 1 | 1 | — | Jul 2015 | 16 |
| 23 | HIGHLINE | Toronto, Canada | Seed | 1 | 1 | — | Mar 2015 | 15 |
| 24 | Mantella Venture Partners | Toronto, Canada | Seed | 1 | 1 | 1 | Dec 2014 | 14 |
| 25 | York Angel Investors | Markham, Canada | Seed | 1 | 1 | — | Mar 2011 | 14 |
| 26 | Fort Point Capital | Boston, United States | PE | 1 | 1 | — | Jul 2022 | 6 |
| 27 | RPM Technologies | New York City, United States | Series A | 1 | 1 | — | 6 | |
| 28 | Intrepid Growth Partners | Series B | 1 | 1 | — | Feb 2025 | 5 | |
| 29 | The DMZ | Toronto, Canada | Seed | 1 | 1 | — | 2 | |
| 30 | Bethmann Lombard Bancorp | Winnipeg, Canada | Seed | 1 | 1 | 1 | Jul 2019 | 1 |
| 31 | Global Telecom Holding | Amsterdam, Netherlands | Series A | 1 | 1 | — | May 2008 | 1 |
Head office of the investors on this page.
Rounds by stage — where in a company's life this money arrives.
Total disclosed size of each round, not one investor's share.
How active this market has been.
AdTech companies head-officed in Toronto that took money from these investors.
| Company | Backers | Rounds | Disclosed | Latest round |
|---|---|---|---|---|
| StackAdapt stackadapt.com |
5 | 5 | $771.9M | Series B Feb 2025 |
| Fuse Powered fusepowered.com |
4 | 5 | $16.3M | Series A Sep 2013 |
| OutPoint outpoint.app |
4 | 4 | $4.8M | Seed Nov 2021 |
| Bering Media beringmedia.com |
4 | 4 | $500K | Series A Jan 2010 |
| Polar polar.me |
3 | 3 | $15M | Series A Jan 2012 |
| Gallop Labs galloplabs.com |
3 | 3 | $6M | Seed Dec 2014 |
| Shiny Ads shinyads.com |
2 | 2 | $1M | Seed Mar 2011 |
| MyScreen Mobile myscreen.com |
1 | 1 | $10M | Series A May 2008 |
| mDialog mdialog.com |
1 | 1 | $5M | Series A Sep 2011 |
| VeuHub veuhub.com |
1 | 1 | $2M | Seed Jul 2019 |
| Discover Media House discovermedia.house |
1 | 1 | — | Seed Mar 2015 |
| LiveGauge livegauge.com |
1 | 1 | — | |
| Valo valo.ai |
1 | 1 | — | Seed Jul 2024 |
| SlimCut Media slimcutmedia.com |
1 | 1 | — | Seed Jul 2015 |
| Create with Nova createwithnova.com |
1 | 1 | — | PE Jul 2022 |
| Date | Investor | Company | Stage | Round size |
|---|---|---|---|---|
| Feb 2025 | Ontario Teachers' Pension PlanLED | StackAdapt | Series B | $235M |
| Feb 2025 | Intrepid Growth Partners | StackAdapt | Series B | $235M |
| Jul 2024 | Spintop Ventures | Valo | Seed | — |
| Jul 2022 | Fort Point Capital | Create with Nova | PE | — |
| Jan 2022 | Summit Partners | StackAdapt | Series B | $300M |
| Nov 2021 | Entrepreneur First | OutPoint | Seed | $1.2M |
| Nov 2021 | Maschmeyer Group VenturesLED | OutPoint | Seed | $1.2M |
| Nov 2021 | Tuesday CapitalLED | OutPoint | Seed | $1.2M |
| Nov 2021 | Mistral | OutPoint | Seed | $1.2M |
| Jul 2019 | Bethmann Lombard BancorpLED | VeuHub | Seed | $2M |
| Jan 2016 | Plaza VenturesLED | StackAdapt | Series A | $1M |
| Jul 2015 | 3T Capital | SlimCut Media | Seed | — |
| Mar 2015 | HIGHLINE | Discover Media House | Seed | — |
| Dec 2014 | Golden VenturesLED | Gallop Labs | Seed | $2M |
| Dec 2014 | Mantella Venture PartnersLED | Gallop Labs | Seed | $2M |
| Dec 2014 | Two Small Fish Ventures | Gallop Labs | Seed | $2M |
| Sep 2014 | BDC | StackAdapt | Seed | $900K |
| Sep 2013 | Relay Ventures | Fuse Powered | Series A | $5.9M |
| Sep 2013 | NFQ Ventures | Fuse Powered | Series A | $5.9M |
| Feb 2012 | Canadian Space Agency | Fuse Powered | Seed | $500K |
AdTech investors in other cities
Other markets in Toronto