
Extreme Venture Partners
Description
Extreme Venture Partners (EVP) is a prominent Toronto-based venture capital firm with a strong focus on early-stage technology companies primarily within Canada. Established with a unique approach, EVP often operates as a "startup development company," providing hands-on support and deep engagement with its portfolio companies beyond just capital. Their investment thesis targets disruptive technologies across various high-growth sectors, including artificial intelligence, SaaS, fintech, and digital health, aiming to build foundational companies from the ground up.
EVP typically invests in pre-seed, seed, and Series A funding rounds. While their initial cheques for first investments generally range from approximately $250,000 to $1,000,000, they possess the capacity to deploy significantly more capital in subsequent follow-on rounds as their portfolio companies achieve key milestones and scale. This flexible investment strategy allows them to support ventures from their nascent stages through substantial growth phases, often participating in larger funding rounds that can total several million dollars.
The firm has a robust history of raising successive funds, underscoring its enduring commitment to and impact on the Canadian tech ecosystem. For instance, their third fund, Extreme Venture Partners Fund III, successfully closed at $40 million in 2018. More recently, EVP announced their fourth fund, Extreme Venture Partners Fund IV, with an ambitious target size of $100 million, signaling their intent to make larger investments and broaden their support for innovative Canadian startups. Their impressive portfolio includes notable Canadian tech success stories such as Wave Financial (acquired by H&R Block), Top Hat, and FreshBooks, showcasing their ability to identify and nurture high-potential ventures into market leaders.
Investor Profile
Extreme Venture Partners has backed more than 25 startups, with 0 new investments in the last 12 months alone. The firm has led 2 rounds, about 8% of its total and boasts 18 exits across its portfolio.
Investment Focus Highlights
- Concentrates on Seed, Series Unknown, Series A rounds (top funding stages).
- Majority of deals are located in Canada, United States, Turkey.
- Strong thematic focus on Big Data, Enterprise Software, Information Technology.
- Typical check size: $250K – $1M.
Stage Focus
- Seed (32%)
- Series Unknown (20%)
- Series A (16%)
- Series B (12%)
- Angel (8%)
- Debt Financing (4%)
- Convertible Note (4%)
- Pre Seed (4%)
Country Focus
- Canada (56%)
- United States (40%)
- Turkey (4%)
Industry Focus
- Big Data
- Enterprise Software
- Information Technology
- Saas
- Marketing Automation
- Mobile
- Advertising
- Cloud Infrastructure
- Analytics
- Sales
Frequently Asked Questions
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