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Golden Ventures

North America, Ontario, Canada, Toronto

Description

Golden Ventures is a prominent seed-stage venture capital firm based in Toronto, Canada, with a strong focus on the North American market. Established in 2011, the firm has built a reputation for identifying and supporting early-stage technology companies with high growth potential. Their investment philosophy centers on partnering with exceptional founders who are building innovative, category-defining businesses across various sectors, including SaaS, fintech, consumer, and healthcare technology. Golden Ventures plays a crucial role in nurturing the startup ecosystem, particularly within Canada, by providing not only capital but also strategic guidance and operational support to its portfolio companies.

The firm typically deploys initial checks ranging from $500,000 to $2,000,000 USD, positioning them as a significant early-stage investor. While their primary focus is on seed rounds, Golden Ventures is also known to participate in follow-on rounds, demonstrating a long-term commitment to their portfolio companies as they scale. This approach allows them to maintain a strong relationship with founders and continue supporting their growth through subsequent funding stages. Their hands-on approach involves leveraging their extensive network and operational expertise to help startups navigate challenges and accelerate their development.

Golden Ventures boasts an impressive portfolio of over 100 companies, reflecting their active investment pace and broad reach across the North American tech landscape. Notable exits and successes include Wattpad, which was acquired by Naver for $600 million, and other high-profile companies like Ritual, Top Hat, and Drop. The firm has successfully raised multiple funds, with their most recent vehicles, Fund IV and Fund V, each closing at $100 million. These substantial fund sizes underscore their capacity to make meaningful investments and provide sustained support to a significant number of promising startups, solidifying their position as a leading seed-stage VC in the region.

Investor Profile

Golden Ventures has backed more than 149 startups, with 13 new investments in the last 12 months alone. The firm has led 26 rounds, about 17% of its total and boasts 23 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Seed, Series A, Series B rounds (top funding stages).
  • Majority of deals are located in Canada, United States, Kenya.
  • Strong thematic focus on Software, Artificial Intelligence (AI), Information Technology.
  • Led 3 rounds in the past year.
  • Typical check size: $500K – $2M.

Stage Focus

  • Seed (46%)
  • Series A (30%)
  • Series B (9%)
  • Series Unknown (5%)
  • Pre Seed (3%)
  • Series C (2%)
  • Series D (2%)
  • Debt Financing (1%)
  • Series G (1%)
  • Convertible Note (1%)

Country Focus

  • Canada (61%)
  • United States (35%)
  • Kenya (1%)
  • Singapore (1%)
  • France (1%)
  • Japan (1%)
  • United Kingdom (1%)

Industry Focus

  • Software
  • Artificial Intelligence (Ai)
  • Information Technology
  • E-commerce
  • Mobile
  • Machine Learning
  • Saas
  • Internet
  • Analytics
  • Fintech
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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 Golden Ventures frequently co-invest with?

Accomplice
North America, Massachusetts, United States, Cambridge
Co-Investments: 14
FJ Labs
North America, New York, United States, New York
Co-Investments: 10
Techstars
North America, Colorado, United States, Boulder
Co-Investments: 8
Inovia Capital
North America, Quebec, Canada, Montréal
Co-Investments: 17
Version One Ventures
North America, British Columbia, Canada, Vancouver
Co-Investments: 9
Panache Ventures
North America, Quebec, Canada, Montréal
Co-Investments: 9
Eniac Ventures
North America, New York, United States, New York
Co-Investments: 10
Afore Capital
North America, California, United States, San Francisco
Co-Investments: 7
Alumni Ventures
North America, New Hampshire, United States, Manchester
Co-Investments: 7
Garage Capital
North America, California, United States, Ontario
Co-Investments: 11

Which angels does Golden Ventures often collaborate with?

Daniel Curran
North America, California, United States, Santa Monica
Shared Deals: 2
TW
North America, California, United States, San Francisco
Shared Deals: 9
Satish Kanwar
North America, Ontario, Canada, Toronto
Shared Deals: 4
Mark Macleod
North America, Ontario, Canada, Toronto
Shared Deals: 2
Farhan Thawar
North America, Ontario, Canada, Toronto
Shared Deals: 3
AS
North America, California, United States, San Francisco
Shared Deals: 3
Tobias Lütke
North America, Ontario, Canada, Ottawa
Shared Deals: 4
Harley Finkelstein
North America, Ontario, Canada, Ottawa
Shared Deals: 2
Dennis Bennie
North America, Ontario, Canada, Toronto
Shared Deals: 2
Ivan Yuen
North America, Ontario, Canada, Toronto
Shared Deals: 3

What are some of recent deals done by Golden Ventures?

NiaHealth

Edmonton, Alberta, Canada

NiaHealth is a healthcare provider that specializes in blood testing, personalized health analytics, and fitness through an app.

Artificial Intelligence (AI)Health CareWellness
SeedJun 26, 2025
Amount Raised: $4,201,282
Vessel

Montréal, Quebec, Canada

Vessel is a platform for GPs to tap into the wealth channel

Financial ServicesFinTechOnline PortalsVenture Capital
SeedJun 10, 2025
Amount Raised: $7,511,504
ProteinQure

Toronto, Ontario, Canada

Peptide-based drug delivery

BiotechnologyLife SciencePharmaceutical
Series AMay 27, 2025
Amount Raised: $11,000,000
Basil Systems

Boston, Massachusetts, United States

SaaS platform for healthcare companies

AnalyticsArtificial Intelligence (AI)Health CareMachine LearningPredictive AnalyticsSaaSSoftware
Series UnknownApr 29, 2025
Pillar Security

Miami, Florida, United States

Pillar empowers companies to build and run secure AI software by proactively identifying and mitigating risks across the entire AI lifecycle

Artificial Intelligence (AI)Cyber SecurityGenerative AI
SeedApr 16, 2025
Amount Raised: $9,000,000
Deck

Montréal, Quebec, Canada

Deck develops infrastructure and cognitive tools to help individuals solve problems.

Information TechnologyIT Infrastructure
Series AApr 16, 2025
Amount Raised: $12,000,000
Float Financial

Toronto, Ontario, Canada

Float offers a corporate card and spend management solution that allows corporate cards, reimbursements, approvals, and invoices management.

AccountingCredit CardsFinanceFinancial ServicesFinTechSoftware
Series BJan 13, 2025
Amount Raised: $48,730,094
Neo Financial

Calgary, Alberta, Canada

Neo Financial is a FinTech company that provides spending, savings, and rewards programs.

FinanceFinancial ServicesFinTech
Series DNov 11, 2024
Amount Raised: $79,021,115
Deck

Montréal, Quebec, Canada

Deck develops infrastructure and cognitive tools to help individuals solve problems.

Information TechnologyIT Infrastructure
SeedOct 15, 2024
Amount Raised: $4,498,997
CYRISMA

Rochester, New York, United States

CYRISMA is a cybersecurity company that offers sensitive data discovery, vulnerability management, and dark web monitoring services.

Cyber SecurityInformation TechnologyNetwork SecurityRisk ManagementSaaSSoftware
Series AOct 9, 2024
Amount Raised: $7,000,000