Amplify Capital logo

Amplify Capital

North America, Ontario, Canada, Toronto

Description

Amplify Capital is a Toronto-based venture capital firm with a distinct focus on impact investing, targeting mission-driven, double-bottom-line disruptors. The firm primarily invests in early-stage, high-growth companies within the health, education, and clean technology sectors. Their investment thesis centers on identifying businesses that not only promise strong financial returns but also deliver measurable positive social or environmental impact, aligning with their commitment to a "double bottom line." They seek out innovative solutions to pressing global challenges, looking for scalable business models that can drive systemic change.

Amplify Capital typically engages with companies at the Seed to Series A stage. While they are known to participate in larger funding rounds, their initial cheque sizes generally range from $500,000 to $2,000,000, with the potential for significant follow-on investments as portfolio companies achieve milestones. The firm's investment strategy emphasizes active partnership, providing strategic guidance and leveraging their network to support portfolio companies through their growth journey, aiming for long-term value creation beyond just financial metrics.

With approximately $150 million in assets under management across two funds, Amplify Capital has established itself as a significant player in the Canadian impact investing landscape. Their first fund was launched in 2018, followed by a larger second fund in 2022, reflecting their growing capacity and commitment. The firm has built a diverse portfolio of over 30 companies, demonstrating their broad reach within their target sectors and their dedication to fostering a portfolio that reflects their core values of impact and innovation.

Investor Profile

Amplify Capital has backed more than 28 startups, with 6 new investments in the last 12 months alone. The firm has led 8 rounds, about 29% of its total and boasts 3 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Seed, Series A, Series Unknown rounds (top funding stages).
  • Majority of deals are located in Canada, United States, India.
  • Strong thematic focus on Artificial Intelligence (AI), Health Care, CleanTech.
  • Led 2 rounds in the past year.
  • Typical check size: $500K – $2M.

Stage Focus

  • Seed (46%)
  • Series A (21%)
  • Series Unknown (14%)
  • Pre Seed (11%)
  • Series C (4%)
  • Convertible Note (4%)

Country Focus

  • Canada (79%)
  • United States (18%)
  • India (4%)

Industry Focus

  • Artificial Intelligence (Ai)
  • Health Care
  • Cleantech
  • Advanced Materials
  • Education
  • Waste Management
  • Sustainability
  • Medical Device
  • Biotechnology
  • Energy Storage
circle-line
FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does Amplify Capital frequently co-invest with?

Whitecap Venture Partners
North America, Ontario, Canada, Toronto
Co-Investments: 3
BDC Capital’s Climate Tech Fund
North America, Quebec, Canada, Montréal
Co-Investments: 2
Toyota Ventures
North America, California, United States, Los Altos
Co-Investments: 2
Builders VC
North America, California, United States, San Francisco
Co-Investments: 2
SC
North America, Illinois, United States, Chicago
Co-Investments: 2
Formentera Capital
North America, Quebec, Canada, Montréal
Co-Investments: 3
Boreal Ventures
North America, Quebec, Canada, Montréal
Co-Investments: 2
Investissement Quebec
North America, Quebec, Canada, Quebec
Co-Investments: 2
Garage Capital
North America, California, United States, Ontario
Co-Investments: 2
Anges Quebec
North America, Quebec, Canada, Quebec
Co-Investments: 3

Which angels does Amplify Capital often collaborate with?

Asad Khan
Asia, Uttar Pradesh, India, Noida
Shared Deals: 1
Ajay Agrawal
North America, Ontario, Canada, Toronto
Shared Deals: 1
Cherif Habib
North America, Quebec, Canada, Montréal
Shared Deals: 1
Rajaraman Santhanam
Asia, Tamil Nadu, India, Chennai
Shared Deals: 1
Krish Subramanian
Asia, Tamil Nadu, India, Chennai
Shared Deals: 1
Mayank Bhola
Asia, Delhi, India, New Delhi
Shared Deals: 1
Chris Hadfield
North America, Canada
Shared Deals: 1
MA
North America, California, United States, San Francisco
Shared Deals: 1
Rohit Chennamaneni
Asia, Andhra Pradesh, India, Hyderabad
Shared Deals: 1
SA
North America, California, United States, San Francisco
Shared Deals: 1

What are some of recent deals done by Amplify Capital?

Carbon Upcycling

Calgary, Alberta, Canada

Carbon Upcycling is a carbontech company delivering technology to decarbonize hard-to-abate industries.

Advanced MaterialsBuilding MaterialCarbon CaptureCleanTechConstructionWaste Management
Convertible NoteJun 18, 2025
Amount Raised: $18,000,000
Future Fields

Edmonton, Alberta, Canada

Future Fields harnesses insect biotechnology to make sustainable recombinant proteins.

AgricultureAgTechAlternative ProteinBiotechnologyCleanTechFarmingLife Science
Series AJun 17, 2025
Amount Raised: $8,000,000
Reusables.com

Vancouver, British Columbia, Canada

Zero waste packaging platform.

Packaging ServicesRecyclingSustainability
SeedApr 22, 2025
Amount Raised: $2,599,588
Cerula Care

Raleigh, North Carolina, United States

Cerula Care specializes in behavioral health services for people with chronic conditions.

Health CareMedicalWellness
SeedFeb 12, 2025
Amount Raised: $3,700,000
Lyteflo

Toronto, Ontario, Canada

Lyteflo provides electric vehicle (EV) sales tools.

Electric VehicleSalesSoftware
SeedJan 15, 2025
Amount Raised: $3,000,000
Planetary Technologies

Dartmouth, Nova Scotia, Canada

Planetary Hydrogen produces clean hydrogen and captures atmospheric carbon through ocean alkalinity enhancement.

ChemicalManufacturingWholesale
Series AOct 24, 2024
Amount Raised: $11,350,000
ThinkLabs AI

Toronto, Ontario, Canada

ThinkLabs AI is a specialist AI development and deployment firm.

Artificial Intelligence (AI)Sustainability
SeedMay 23, 2024
Amount Raised: $5,000,000
BioIntelligence Technologies

Sherbrooke, Quebec, Canada

BioIntelligence Technologies offers real-time automated analytics tools.

AnalyticsDatabaseInformation Technology
SeedApr 23, 2024
Amount Raised: $3,659,813
Pathway Medical

Montreal, Quebec, Canada

Empowering clinicians and healthcare organizations to provide better, more efficient care.

Artificial Intelligence (AI)Health CareInformation TechnologyMedicalSoftware
SeedNov 15, 2023
Amount Raised: $5,000,000
Carbon Upcycling

Calgary, Alberta, Canada

Carbon Upcycling is a carbontech company delivering technology to decarbonize hard-to-abate industries.

Advanced MaterialsBuilding MaterialCarbon CaptureCleanTechConstructionWaste Management
Series AJul 31, 2023
Amount Raised: $26,100,000