
Panache Ventures
Description
Panache Ventures is a prominent Canadian venture capital firm established in 2018, specializing in pre-seed and seed-stage investments. Headquartered in Montréal, with a significant presence across Canada, including Toronto and Vancouver, the firm primarily focuses on early-stage technology startups. They aim to be the first institutional capital for promising founders, providing not just funding but also strategic guidance, mentorship, and access to a robust network.
The firm's investment thesis centers on identifying high-potential companies with strong founding teams and scalable business models. Panache Ventures typically deploys initial checks ranging from approximately $182,500 to $547,500 USD (C$250,000 to C$750,000 CAD), positioning themselves as a crucial early supporter for nascent ventures. They are known for their founder-friendly approach, offering hands-on support to help portfolio companies navigate the challenges of early growth, product-market fit, and subsequent fundraising rounds. Their commitment extends beyond capital, fostering a collaborative environment for entrepreneurs.
Since its inception, Panache Ventures has rapidly grown its footprint, becoming one of Canada's most active seed-stage investors. The firm has built a diverse portfolio of over 100 companies across various sectors, demonstrating a broad investment appetite within the technology landscape. With their second fund closing at C$58 million (approximately $42 million USD), Panache Ventures continues to reinforce its position as a key player in the Canadian startup ecosystem, actively contributing to the development and scaling of innovative ventures nationwide.
Investor Profile
Panache Ventures has backed more than 89 startups, with 7 new investments in the last 12 months alone. The firm has led 13 rounds, about 15% of its total and boasts 7 exits across its portfolio.
Investment Focus Highlights
- Concentrates on Seed, Pre Seed, Series A rounds (top funding stages).
- Majority of deals are located in Canada, United States, Israel.
- Strong thematic focus on Software, Artificial Intelligence (AI), Information Technology.
- Led 2 rounds in the past year.
- Typical check size: $182.5K – $547.5K.
Stage Focus
- Seed (57%)
- Pre Seed (21%)
- Series A (15%)
- Series B (2%)
- Grant (1%)
- Debt Financing (1%)
- Convertible Note (1%)
- Series Unknown (1%)
Country Focus
- Canada (83%)
- United States (13%)
- Israel (2%)
- Singapore (1%)
Industry Focus
- Software
- Artificial Intelligence (Ai)
- Information Technology
- Machine Learning
- Financial Services
- Health Care
- Saas
- Internet
- Enterprise Software
- Fintech
Frequently Asked Questions
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