42 investors have funded 20 IT Services companies head-officed in Toronto, across 45 rounds (Apr 2001 – Nov 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 | Relay Ventures | Toronto, Canada | Series BSeries A | 1 | 2 | 1 | May 2009 | 64 |
| 2 | Round13 | Toronto, Canada | Series A | 1 | 2 | 2 | Oct 2020 | 45 |
| 3 | Maple Leaf Angels | Toronto, Canada | Seed | 1 | 2 | — | Mar 2012 | 26 |
| 4 | Lightspeed Venture Partners | Menlo Park, United States | Series B | 1 | 1 | 1 | Nov 2025 | 860 |
| 5 | General Catalyst | San Francisco, United States | Series B | 1 | 1 | 1 | Nov 2025 | 855 |
| 6 | Google Ventures | Mountain View, United States | Series B | 1 | 1 | 1 | Jan 2018 | 736 |
| 7 | Global Founders Capital | Berlin, Germany | Seed | 1 | 1 | — | Jun 2022 | 563 |
| 8 | Accelerator Centre | Waterloo, Canada | Seed | 1 | 1 | 1 | Sep 2022 | 380 |
| 9 | Caisse de depot et placement du Quebec | Quebec City, Canada | Series C | 1 | 1 | 1 | Feb 2024 | 145 |
| 10 | Golden Ventures | Toronto, Canada | Seed | 1 | 1 | — | Jan 2024 | 112 |
| 11 | HSBC | London, United Kingdom | Series A | 1 | 1 | — | Sep 2019 | 145 |
| 12 | FTV Capital | San Francisco, United States | PE | 1 | 1 | 1 | Jan 2020 | 118 |
| 13 | MaRS Investment Accelerator Fund | Toronto, Canada | Series A | 1 | 1 | 1 | Mar 2017 | 101 |
| 14 | Play Ventures | Singapore, Singapore | Seed | 1 | 1 | — | Jun 2022 | 86 |
| 15 | GrowthWorks Capital | Vancouver, Canada | Series B | 1 | 1 | 1 | Jul 2010 | 73 |
| 16 | Anges Quebec | Montreal, Canada | Seed | 1 | 1 | — | Feb 2012 | 89 |
| 17 | Garage Capital | Kitchener, Canada | Seed | 1 | 1 | — | Jun 2022 | 76 |
| 18 | D1 Capital Partners | New York City, United States | Series B | 1 | 1 | 1 | Nov 2025 | 67 |
| 19 | Celtic House Venture Partners | Ottawa, Canada | Series B | 1 | 1 | 1 | Jul 2010 | 45 |
| 20 | GrandBanks Capital | Needham, United States | Series B | 1 | 1 | — | May 2009 | 35 |
| 21 | MaRS Discovery District | Toronto, Canada | Seed | 1 | 1 | — | Mar 2012 | 43 |
| 22 | Relay Ventures | Toronto, Canada | PE | 1 | 1 | — | Apr 2001 | 27 |
| 23 | Comerica | Dallas, United States | Series A | 1 | 1 | — | Sep 2019 | 41 |
| 24 | Canadian Business Growth Fund | Toronto, Canada | Seed | 1 | 1 | 1 | Jun 2021 | 28 |
| 25 | VenGrowth VG Partners | Toronto, Canada | PE | 1 | 1 | — | Apr 2001 | 19 |
| 26 | Two Small Fish Ventures | Toronto, Canada | Seed | 1 | 1 | — | Jun 2022 | 26 |
| 27 | FedDev Ontario | Waterloo, Canada | Seed | 1 | 1 | — | Mar 2012 | 27 |
| 28 | BDT & MSD Partners | Chicago, United States | Series B | 1 | 1 | — | Nov 2025 | 25 |
| 29 | Government of Canada | Ottawa, Canada | Seed | 1 | 1 | 1 | Feb 2024 | 16 |
| 30 | OMERS | Toronto, Canada | PE | 1 | 1 | — | Apr 2001 | 14 |
| 31 | CIVC Partners | Chicago, United States | Seed | 1 | 1 | — | Jul 2021 | 12 |
| 32 | Sator Grove Holdings | South Bend, United States | Series B | 1 | 1 | — | Nov 2025 | 10 |
| 33 | CenterGate Capital | Austin, United States | PE | 1 | 1 | 1 | Dec 2020 | 11 |
| 34 | The Home Depot | Atlanta, United States | Series B | 1 | 1 | 1 | Jan 2018 | 8 |
| 35 | Tercera | Boston, United States | Series B | 1 | 1 | 1 | 7 | |
| 36 | Ontario Capital Growth Corporation | Toronto, Canada | Series B | 1 | 1 | — | Jul 2010 | 6 |
| 37 | Laurence Capital | Waterloo, Canada | Series B | 1 | 1 | — | May 2009 | 2 |
| 38 | Cow Corner | Brighton, United Kingdom | PE | 1 | 1 | 1 | Mar 2024 | 3 |
| 39 | Ontario Venture Capital Fund | Toronto, Canada | Series B | 1 | 1 | — | Jun 2009 | 3 |
| 40 | Beringer Capital | Toronto, Canada | PE | 1 | 1 | 1 | Nov 2024 | 2 |
| 41 | Spark Centre | Oshawa, Canada | Seed | 1 | 1 | — | 1 | |
| 42 | Scotia Merchant Capital | Toronto, Canada | PE | 1 | 1 | — | Apr 2001 | 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.
IT Services companies head-officed in Toronto that took money from these investors.
| Company | Backers | Rounds | Disclosed | Latest round |
|---|---|---|---|---|
| Beacon beaconsoftware.com |
6 | 6 | $1.3B | Series B Nov 2025 |
| Q9 Networks q9.com |
4 | 4 | $226.2M | PE Apr 2001 |
| I Love Rewards iloverewards.com |
4 | 5 | $22.5M | Series B Jun 2009 |
| Parallelz parallelz.com |
4 | 4 | $12M | Seed Jun 2022 |
| Futurestateit futurestateit.com |
4 | 5 | $5.6M | Seed Mar 2012 |
| Sourced Group sourcedgroup.com |
3 | 4 | $47.5M | Series A Oct 2020 |
| Morega morega.com |
3 | 3 | $30M | Series B Jul 2010 |
| Hover hover.com |
2 | 2 | $50M | Series B Jan 2018 |
| Levio levioconsulting.com |
1 | 1 | $92.9M | Series C Feb 2024 |
| Orium orium.com |
1 | 1 | $11M | |
| BlancLink blanclink.com |
1 | 1 | $300K | |
| The Software Consulting Group thesoftwareconsultinggroup.com |
1 | 1 | — | PE Mar 2024 |
| Security Compass securitycompass.com |
1 | 1 | — | PE Jan 2020 |
| KeyData keydata.ca |
1 | 1 | — | Seed Jul 2021 |
| GoodLabs Studio goodlabs.studio |
1 | 1 | — | Seed Feb 2024 |
| Patagona Technologies patagona.ca |
1 | 1 | — | Seed Sep 2022 |
| Northern northern.co |
1 | 1 | — | PE Nov 2024 |
| Soroc soroc.com |
1 | 1 | — | PE Dec 2020 |
| Authentic Web authenticweb.com |
1 | 1 | — | Series A Mar 2017 |
| Connected connected.io |
1 | 1 | — | Seed Jun 2021 |
| Date | Investor | Company | Stage | Round size |
|---|---|---|---|---|
| Nov 2025 | Lightspeed Venture PartnersLED | Beacon | Series B | $250M |
| Nov 2025 | General CatalystLED | Beacon | Series B | $250M |
| Nov 2025 | D1 Capital PartnersLED | Beacon | Series B | $250M |
| Nov 2025 | Sator Grove Holdings | Beacon | Series B | $250M |
| Nov 2025 | BDT & MSD Partners | Beacon | Series B | $250M |
| Nov 2024 | Beringer CapitalLED | Northern | PE | — |
| Mar 2024 | Cow CornerLED | The Software Consulting Group | PE | — |
| Feb 2024 | Government of CanadaLED | GoodLabs Studio | Seed | — |
| Feb 2024 | Caisse de depot et placement du QuebecLED | Levio | Series C | $92.9M |
| Jan 2024 | Golden Ventures | Beacon | Seed | — |
| Sep 2022 | Accelerator CentreLED | Patagona Technologies | Seed | — |
| Jun 2022 | Global Founders Capital | Parallelz | Seed | $3M |
| Jun 2022 | Garage Capital | Parallelz | Seed | $3M |
| Jun 2022 | Play Ventures | Parallelz | Seed | $3M |
| Jun 2022 | Two Small Fish Ventures | Parallelz | Seed | $3M |
| Jul 2021 | CIVC Partners | KeyData | Seed | — |
| Jun 2021 | Canadian Business Growth FundLED | Connected | Seed | — |
| Dec 2020 | CenterGate CapitalLED | Soroc | PE | — |
| Oct 2020 | Round13LED | Sourced Group | Series A | $1.9M |
| Jan 2020 | FTV CapitalLED | Security Compass | PE | — |
IT Services investors in other cities
Other markets in Toronto