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Panache Ventures

North America, Quebec, Canada, Montréal

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
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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 Panache Ventures frequently co-invest with?

Luge Capital
North America, Quebec, Canada, Montréal
Co-Investments: 4
Golden Ventures
North America, Ontario, Canada, Toronto
Co-Investments: 9
FJ Labs
North America, New York, United States, New York
Co-Investments: 4
Techstars
North America, Colorado, United States, Boulder
Co-Investments: 4
Inovia Capital
North America, Quebec, Canada, Montréal
Co-Investments: 5
Real Ventures
North America, Quebec, Canada, Montréal
Co-Investments: 6
Y Combinator
North America, California, United States, Mountain View
Co-Investments: 5
N49P
North America, Ontario, Canada, Toronto
Co-Investments: 8
Hike Ventures
North America, California, United States, San Francisco
Co-Investments: 6
Garage Capital
North America, California, United States, Ontario
Co-Investments: 10

Which angels does Panache Ventures often collaborate with?

EL
North America, Florida, United States, Miami Beach
Shared Deals: 1
Sanders Lee
North America, Alberta, Canada, Calgary
Shared Deals: 1
RG
North America, California, United States, San Francisco
Shared Deals: 2
RC
North America, California, United States, Los Angeles
Shared Deals: 1
AM
North America, Washington, United States, Seattle
Shared Deals: 1
BL
North America, Alberta, Canada, Edmonton
Shared Deals: 1
Ashif Mawji
North America, Alberta, Canada, Calgary
Shared Deals: 1
BT
North America, California, United States, San Diego
Shared Deals: 1
D(
North America, California, United States, Los Angeles
Shared Deals: 2
Laurie Wallace
North America, British Columbia, Canada, Vancouver
Shared Deals: 1

What are some of recent deals done by Panache Ventures?

Featherless.ai

San Francisco, California, United States

Featherless.ai is a serverless AI hosting provider with GPU orchestration system.

Artificial Intelligence (AI)Cloud ComputingDatabase
SeedMar 17, 2025
Amount Raised: $5,000,000
Revyl

San Francisco, California, United States

Revyl is an observability platform designed to proactively catch and fix bugs before they reach production.

E-CommerceFinanceSoftware
Pre SeedOct 28, 2024
Amount Raised: $1,100,000
Nmbr

Toronto, Ontario, Canada

Nmbr is an embedded payroll software supplier that simplifies how organizations create and implement their own payroll software.

Embedded SystemsSoftware
SeedSep 24, 2024
Amount Raised: $5,662,831
Platformatic

San Francisco, California, United States

Platformatic provides backend development platform.

Information TechnologyInternet
SeedSep 24, 2024
Amount Raised: $4,300,000
Sandgarden

New York, New York, United States

Sandgarden is a modularized platform to prototype, iterate, and deploy AI applications.

AppsArtificial Intelligence (AI)Information Technology
SeedSep 24, 2024
Amount Raised: $4,500,000
ACTO

Toronto, Ontario, Canada

ACTO is an omnichannel education platform for life sciences companies.

Business IntelligenceEducationHealth CareLife ScienceMachine LearningPredictive AnalyticsSaaS
Series UnknownSep 12, 2024
Amount Raised: $7,366,401
Perceptive Space

Toronto, Ontario, Canada

Perceptive Space is an aerospace startup which provides predictions and decision intelligence for safe and reliable operations.

Information TechnologySpace Travel
Pre SeedAug 6, 2024
Amount Raised: $2,822,350
HumanFirst

Montréal, Quebec, Canada

A data-centric productivity platform for prompt and data engineering.

Artificial Intelligence (AI)Business IntelligenceInformation TechnologyNatural Language ProcessingProductivity ToolsSoftware
SeedJul 26, 2023
Amount Raised: $3,786,373
Reworkd

San Francisco, California, United States

Reworkd is an AI-driven automation platform that allows for the automation of business processing workflows to achieve outcomes.

Artificial Intelligence (AI)Data Center AutomationSoftware
Pre SeedJul 18, 2023
Amount Raised: $1,253,161
Lotly

Toronto, Ontario, Canada

Lotly provides and offers housing financial support through partnering with investors.

FinanceFinancial ExchangesFinancial ServicesProperty ManagementResidential
SeedJul 7, 2023