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Extreme Venture Partners

North America, Ontario, Canada, Toronto

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
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FAQ

Frequently Asked Questions

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

Who does Extreme Venture Partners frequently co-invest with?

Pallasite Ventures
North America, Illinois, United States, Chicago
Co-Investments: 2
MaRS Investment Accelerator Fund
North America, Ontario, Canada, Toronto
Co-Investments: 4
ff Venture Capital
North America, New York, United States, New York
Co-Investments: 4
Inovia Capital
North America, Quebec, Canada, Montréal
Co-Investments: 5
Garage Technology Ventures
North America, California, United States, Palo Alto
Co-Investments: 2
Compound
North America, New York, United States, New York
Co-Investments: 3
Rho Canada Ventures
North America, New York, United States, New York
Co-Investments: 4
BDC Venture Capital
North America, Alberta, Canada, Calgary
Co-Investments: 3
Verizon Ventures
North America, New Jersey, United States, Basking Ridge
Co-Investments: 3
Panorama Capital
North America, California, United States, Campbell
Co-Investments: 2

Which angels does Extreme Venture Partners often collaborate with?

MS
North America, California, United States, Menlo Park
Shared Deals: 1
Greg Thomson
North America, Ontario, Canada, London
Shared Deals: 1
Bryan W. Kerdman
North America, Ontario, Canada, Toronto
Shared Deals: 1
MY
North America, New York, United States, Albany
Shared Deals: 1
Jameson Hsu
Asia, T'ai-pei, Taiwan, Taipei
Shared Deals: 1
FW
North America, New York, United States, New York
Shared Deals: 1
AH
North America, California, United States, San Francisco
Shared Deals: 1
JH
North America, California, United States, San Francisco
Shared Deals: 1
NS
North America, New York, United States, New York
Shared Deals: 1
WL
North America, Nevada, United States, Reno
Shared Deals: 1

What are some of recent deals done by Extreme Venture Partners?

Foxquilt

Toronto, Ontario, Canada

Foxquilt is an insurance technology company that offers commercial insurance and business liability coverages.

Financial ServicesFinTechInsuranceInsurTech
Series ASep 16, 2021
Amount Raised: $8,000,000
RiverPay

Fremont, California, United States

An integrated payments and marketing platform connecting Chinese consumers with global merchants through Alipay, WeChat Pay and UnionPay

Financial ServicesFinTechInformation TechnologyMobile PaymentsPayments
Series UnknownJan 1, 2020
Damon Motors

Vancouver, British Columbia, Canada

Damon is an electric motorcycle company that is reshaping urban mobility.

AutomotiveElectric VehicleInternet of Things
SeedJun 4, 2019
Amount Raised: $933,354
Damon Motors

Vancouver, British Columbia, Canada

Damon is an electric motorcycle company that is reshaping urban mobility.

AutomotiveElectric VehicleInternet of Things
Convertible NoteAug 31, 2017
Amount Raised: $400,798
CalendarHero

Toronto, Ontario, Canada

CalendarHero is the fastest and easiest way to schedule all meeting types

Meeting SoftwareProductivity ToolsSchedulingSoftwareVirtual Assistant
SeedJun 6, 2017
Amount Raised: $1,561,440
CivicConnect

Los Angeles, California, United States

Civic Connect develops and distributes cloud-based technology solutions for civic organizations.

AnalyticsAugmented RealityBig DataCloud Data ServicesData ManagementGovernmentInformation ServicesInformation TechnologyInternet of ThingsMobile Apps
Series AOct 1, 2016
Amount Raised: $6,350,000
Pitstop

Toronto, Ontario, Canada

PitStop is a platform that aggregates data and uses machine learning to perform predictive maintenance for vehicles.

AnalyticsArtificial Intelligence (AI)AutomotiveBig DataMachine Learning
Pre SeedJul 8, 2016
Amount Raised: $575,809
Revlo

Toronto, Ontario, Canada

Fan engagement platform for live gaming

ComputerInternetVideo Games
SeedMay 11, 2016
Amount Raised: $1,100,000
Statflo

Toronto, Ontario, Canada

Statflo builds a profitable customer relationships with a leading 1:1 outreach solution for wireless and tech retail.

Artificial Intelligence (AI)Customer ServiceEnterprise SoftwareRetail TechnologySaaSSalesTelecommunications
SeedFeb 10, 2016
Amount Raised: $2,400,000
Statflo

Toronto, Ontario, Canada

Statflo builds a profitable customer relationships with a leading 1:1 outreach solution for wireless and tech retail.

Artificial Intelligence (AI)Customer ServiceEnterprise SoftwareRetail TechnologySaaSSalesTelecommunications
SeedSep 11, 2015