58 investors have funded 10 Cloud Banking companies head-officed in Toronto, across 73 rounds (Aug 2004 – Sep 2024). 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 | Mastercard | Purchase, United States | Series C | 2 | 2 | — | Jul 2019 | 100 |
| 2 | TD Bank | Portland, United States | Series C | 2 | 2 | 1 | Jul 2019 | 22 |
| 3 | Shasta Ventures | Portola Valley, United States | SeedSeries A | 1 | 2 | — | Nov 2022 | 198 |
| 4 | M12 | San Francisco, United States | SeedSeries A | 1 | 2 | 1 | Nov 2022 | 230 |
| 5 | MassMutual Ventures | Boston, United States | Series B | 1 | 2 | 1 | Jan 2022 | 107 |
| 6 | Robert Bosch Venture Capital | Gerlingen, Germany | Series BSeries A | 1 | 2 | 1 | Jul 2017 | 77 |
| 7 | Intel Education Accelerator | Santa Clara, United States | Series CSeries A | 1 | 2 | 2 | May 2012 | 83 |
| 8 | Forum Ventures | San Francisco, United States | SeedSeries A | 1 | 2 | 1 | Nov 2022 | 48 |
| 9 | Information Venture Partners | Toronto, Canada | Series BSeries C | 1 | 2 | 1 | Jul 2019 | 25 |
| 10 | iGan Partners | Toronto, Canada | SeedSeries A | 1 | 2 | — | Mar 2019 | 24 |
| 11 | Differential Ventures | New York City, United States | SeedSeries A | 1 | 2 | — | Nov 2022 | 25 |
| 12 | Impression Ventures | Toronto, Canada | SeedSeries A | 1 | 2 | 1 | Mar 2019 | 25 |
| 13 | Rogers Venture Partners | Palo Alto, United States | Series C | 1 | 2 | 1 | Dec 2014 | 17 |
| 14 | Wavecrest Growth Partners | Boston, United States | Series B | 1 | 2 | 2 | Jan 2022 | 16 |
| 15 | Trellis Capital | Toronto, Canada | Series ASeries B | 1 | 2 | 1 | Jul 2017 | 7 |
| 16 | Y Combinator | Mountain View, United States | Seed | 1 | 1 | — | 5,648 | |
| 17 | BDC | Montreal, Canada | Series A | 1 | 1 | 1 | Nov 2022 | 505 |
| 18 | Antler | Ho Chi Minh City, Vietnam | Seed | 1 | 1 | — | Sep 2024 | 572 |
| 19 | Salesforce Ventures | San Francisco, United States | Series B | 1 | 1 | — | Dec 2017 | 364 |
| 20 | Gener8tor | Madison, United States | Series A | 1 | 1 | 1 | Jun 2020 | 323 |
| 21 | Inovia Capital | Montreal, Canada | Series A | 1 | 1 | — | Mar 2019 | 208 |
| 22 | Point72 Ventures | New York City, United States | Series C | 1 | 1 | 1 | Jul 2019 | 145 |
| 23 | Citi Ventures | New York City, United States | Series C | 1 | 1 | — | Jul 2019 | 160 |
| 24 | MaRS Investment Accelerator Fund | Toronto, Canada | Series A | 1 | 1 | — | Aug 2014 | 101 |
| 25 | Visa | San Francisco, United States | Series C | 1 | 1 | — | May 2012 | 93 |
| 26 | Portage | Montreal, Canada | Series B | 1 | 1 | — | Jul 2017 | 71 |
| 27 | Desjardins | Levis, Canada | Series C | 1 | 1 | 1 | Oct 2016 | 80 |
| 28 | Day One Ventures | San Francisco, United States | Seed | 1 | 1 | — | Sep 2024 | 77 |
| 29 | Hyperplane | Boston, United States | Seed | 1 | 1 | — | Sep 2021 | 46 |
| 30 | Rising Tide Fund | San Francisco, United States | Series A | 1 | 1 | — | Mar 2019 | 53 |
| 31 | Reinventure Group | Sydney, Australia | Series C | 1 | 1 | — | Jul 2019 | 34 |
| 32 | TELUS Ventures | Vancouver, Canada | Series C | 1 | 1 | — | May 2012 | 50 |
| 33 | Royal Bank of Canada | Toronto, Canada | Series C | 1 | 1 | 1 | Oct 2016 | 43 |
| 34 | Canadian Imperial Bank of Commerce | Toronto, Canada | Series C | 1 | 1 | 1 | Oct 2016 | 53 |
| 35 | Panda Capital | Shanghai, China | Series A | 1 | 1 | — | Nov 2022 | 36 |
| 36 | Motivate Venture Capital | Chicago, United States | Seed | 1 | 1 | — | Sep 2024 | 34 |
| 37 | Ripple Ventures | Toronto, Canada | Seed | 1 | 1 | 1 | Sep 2024 | 32 |
| 38 | Bank of Montreal | Toronto, Canada | Series C | 1 | 1 | 1 | Oct 2016 | 39 |
| 39 | M|C Partners | Boston, United States | Series A | 1 | 1 | — | 29 | |
| 40 | TIAP | Toronto, Canada | Seed | 1 | 1 | 1 | 29 | |
| 41 | Luge Capital | Montreal, Canada | Series A | 1 | 1 | 1 | Mar 2019 | 25 |
| 42 | Portage Ventures | Toronto | Series C | 1 | 1 | — | Jul 2019 | 24 |
| 43 | Vodafone | Newbury, United Kingdom | Series A | 1 | 1 | 1 | May 2015 | 23 |
| 44 | Scotiabank | Toronto, Canada | Series C | 1 | 1 | 1 | Oct 2016 | 25 |
| 45 | ThreeD Capital | Toronto, Canada | Series A | 1 | 1 | 1 | Oct 2019 | 18 |
| 46 | 500 Startups Canada | Toronto, Canada | Seed | 1 | 1 | — | Sep 2017 | 16 |
| 47 | Government of Canada | Ottawa, Canada | Seed | 1 | 1 | — | Feb 2024 | 16 |
| 48 | RGAX | Chesterfield, United States | Series A | 1 | 1 | — | Mar 2019 | 14 |
| 49 | Monitor Clipper Partners | Boston, United States | PE | 1 | 1 | — | Aug 2004 | 13 |
| 50 | OnRamp Insurance | Minneapolis, United States | Series A | 1 | 1 | 1 | May 2020 | 10 |
| 51 | DMZ Ventures | Toronto, Canada | Series A | 1 | 1 | — | Aug 2014 | 8 |
| 52 | Centre Street Partners | New York City, United States | Seed | 1 | 1 | — | Sep 2024 | 5 |
| 53 | RPM Technologies | New York City, United States | Series C | 1 | 1 | 1 | Dec 2014 | 6 |
| 54 | Discover | Riverwoods, United States | Series C | 1 | 1 | — | May 2012 | 5 |
| 55 | GIT1K | California City, United States | Series A | 1 | 1 | — | Nov 2022 | 3 |
| 56 | Roboventures | Hyderabad, India | Seed | 1 | 1 | — | Sep 2017 | 1 |
| 57 | GEMS Education | Dubai, United Arab Emirates | Series A | 1 | 1 | 1 | Oct 2019 | 1 |
| 58 | Hncorp | Series A | 1 | 1 | 1 | Oct 2019 | 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.
Cloud Banking companies head-officed in Toronto that took money from these investors.
| Company | Backers | Rounds | Disclosed | Latest round |
|---|---|---|---|---|
| Flybits flybits.com |
14 | 17 | $290.8M | Series C Jul 2019 |
| SecureKey securekey.com |
13 | 15 | $341.2M | Series C Oct 2016 |
| Finaeo finaeo.com |
10 | 12 | $31.4M | Series A Jun 2020 |
| Private AI private-ai.com |
9 | 13 | $71.9M | Series A Nov 2022 |
| NetNow netnow.io |
5 | 5 | $9M | Seed Sep 2024 |
| Tier1 tier1fin.com |
3 | 5 | $102M | Series B Jan 2022 |
| TODAQ todaq.net |
3 | 3 | $15M | Series A Oct 2019 |
| NexJ nexj.com |
1 | 1 | $10M | |
| Cogniframe cogniframe.com |
1 | 1 | — | Seed Feb 2024 |
| Filogix Limited Partnership filogix.com |
1 | 1 | — | PE Aug 2004 |
| Date | Investor | Company | Stage | Round size |
|---|---|---|---|---|
| Sep 2024 | Day One Ventures | NetNow | Seed | $1.8M |
| Sep 2024 | Ripple VenturesLED | NetNow | Seed | $1.8M |
| Sep 2024 | Antler | NetNow | Seed | $1.8M |
| Sep 2024 | Motivate Venture Capital | NetNow | Seed | $1.8M |
| Sep 2024 | Centre Street Partners | NetNow | Seed | $1.8M |
| Feb 2024 | Government of Canada | Cogniframe | Seed | — |
| Nov 2022 | Panda Capital | Private AI | Series A | $8M |
| Nov 2022 | Shasta Ventures | Private AI | Series A | $8M |
| Nov 2022 | BDCLED | Private AI | Series A | $8M |
| Nov 2022 | Forum Ventures | Private AI | Series A | $8M |
| Nov 2022 | M12 | Private AI | Series A | $8M |
| Nov 2022 | Differential Ventures | Private AI | Series A | $8M |
| Nov 2022 | GIT1K | Private AI | Series A | $8M |
| Jan 2022 | MassMutual VenturesLED | Tier1 | Series B | — |
| Jan 2022 | Wavecrest Growth PartnersLED | Tier1 | Series B | — |
| Sep 2021 | Hyperplane | Private AI | Seed | $3.2M |
| Sep 2021 | Forum VenturesLED | Private AI | Seed | $3.2M |
| Sep 2021 | M12LED | Private AI | Seed | $3.2M |
| Sep 2021 | Differential Ventures | Private AI | Seed | $3.2M |
| Sep 2021 | Shasta Ventures | Private AI | Seed | $3.2M |
Cloud Banking investors in other cities
Other markets in Toronto