Whitecap Venture Partners logo

Whitecap Venture Partners

North America, Ontario, Canada, Toronto

Description

Whitecap Venture Partners is a prominent Canadian venture capital firm based in Toronto, specializing in early-stage investments. The firm primarily targets B2B Software and MedTech companies, aligning its strategy with sectors demonstrating high growth potential and innovation. With a strong focus on Canadian enterprises, Whitecap aims to support the development of domestic technological and healthcare solutions, contributing to the growth of the country's vibrant startup ecosystem.

Whitecap's investment strategy centers on Seed and Series A rounds, providing crucial capital during the foundational stages of a company's lifecycle. The firm typically deploys initial cheques ranging from $2 million to $5 million, reserving additional capital for follow-on investments as portfolio companies achieve milestones and require further scaling. This approach allows Whitecap to be a significant early partner, helping companies navigate their initial growth phases and prepare for subsequent funding rounds.

Over its history, Whitecap Venture Partners has demonstrated a consistent commitment to the Canadian innovation ecosystem. The firm has successfully raised over $300 million across five distinct funds, showcasing its enduring presence and capacity in the venture capital landscape. To date, Whitecap has invested in more than 80 companies through these funds, building a diverse portfolio that reflects its sector expertise and strategic vision. Their hands-on approach and network support portfolio companies from inception through various growth stages, aiming for successful market penetration and value creation.

Investor Profile

Whitecap Venture Partners has backed more than 23 startups, with 3 new investments in the last 12 months alone. The firm has led 12 rounds, about 52% of its total and boasts 5 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Series A, Series Unknown, Seed rounds (top funding stages).
  • Majority of deals are located in Canada, United States.
  • Strong thematic focus on Health Care, Medical Device, Biotechnology.
  • Typical check size: $2M – $5M.

Stage Focus

  • Series A (30%)
  • Series Unknown (26%)
  • Seed (22%)
  • Series B (17%)
  • Series C (4%)

Country Focus

  • Canada (83%)
  • United States (17%)

Industry Focus

  • Health Care
  • Medical Device
  • Biotechnology
  • Health Diagnostics
  • Software
  • Consulting
  • Financial Services
  • Fintech
  • Funding Platform
  • Real Estate Investment
circle-line
FAQ

Frequently Asked Questions

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

Who does Whitecap Venture Partners frequently co-invest with?

Hatteras Venture Partners
North America, North Carolina, United States, Durham
Co-Investments: 5
RA Capital Management
North America, Massachusetts, United States, Boston
Co-Investments: 5
Hyde Park Venture Partners
North America, Illinois, United States, Chicago
Co-Investments: 2
BDC Venture Capital
North America, Alberta, Canada, Calgary
Co-Investments: 2
Detroit Venture Partners
North America, Michigan, United States, Detroit
Co-Investments: 2
Invest Detroit Ventures
North America, Michigan, United States, Detroit
Co-Investments: 2
Export Development Canada
North America, Ontario, Canada, Ottawa
Co-Investments: 2
Amplify Capital
North America, Ontario, Canada, Toronto
Co-Investments: 3
Sands Capital Ventures
North America, Virginia, United States, Arlington
Co-Investments: 5
Grand Ventures
North America, Michigan, United States, Grand Rapids
Co-Investments: 2

Which angels does Whitecap Venture Partners often collaborate with?

Micheal Hyatt
North America, Ontario, Canada, Toronto
Shared Deals: 2
Mark Cowie
North America, Ontario, Canada, Toronto
Shared Deals: 1
Shared Deals: 1
JG
Europe, Ile-de-France, France, Paris
Shared Deals: 1

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

InvestNext

Detroit, Michigan, United States

InvestNext is a real estate investment management platform that offers administrative expenses and portfolio management for investors.

ConsultingFinancial ServicesFinTechFunding PlatformReal Estate Investment
Series BFeb 7, 2025
Amount Raised: $15,000,000
Lyteflo

Toronto, Ontario, Canada

Lyteflo provides electric vehicle (EV) sales tools.

Electric VehicleSalesSoftware
SeedJan 15, 2025
Amount Raised: $3,000,000
Frate

Toronto, Ontario, Canada

Frate pioneers peer-to-peer returns to save retailer profits and our planet.

Peer to PeerRetail TechnologyShippingSoftware
SeedSep 18, 2024
Amount Raised: $2,645,337
InvestNext

Detroit, Michigan, United States

Empowering investors to make a meaningful impact within their communities

ConsultingFinancial ServicesFinTechFunding PlatformReal Estate Investment
Series AMar 31, 2023
Amount Raised: $8,250,000
GoBolt

Toronto, Ontario, Canada

GoBolt provides a tech-forward approach to fulfillment and sustainable last mile delivery.

E-CommerceLast Mile TransportationLogistics
Series CDec 7, 2022
Amount Raised: $54,930,206
Mash

Toronto, Ontario, Canada

Mash is an online platform for radically monetize digital experiences and content.

BitcoinContentContent CreatorsDigital EntertainmentPaymentsSoftware
SeedJun 7, 2022
Amount Raised: $6,000,000
Altoida

Washington, District of Columbia, United States

Altoida is creating a new gold standard in brain health with Precision Neurology.

Artificial Intelligence (AI)Augmented RealityHealth CareHealth DiagnosticsMedicalMedical DevicemHealthSoftware
Series AMar 30, 2022
Amount Raised: $14,000,000
Nicoya Lifesciences

Waterloo, Ontario, Canada

Nicoya is a nanotechnology company developing sensor products that will change the world

BiotechnologyDeveloper PlatformNanotechnologySensor
Series ADec 16, 2021
Amount Raised: $15,648,020
GoBolt

Toronto, Ontario, Canada

GoBolt provides a tech-forward approach to fulfillment and sustainable last mile delivery.

E-CommerceLast Mile TransportationLogistics
Series BNov 8, 2021
Amount Raised: $60,274,369
InvestNext

Detroit, Michigan, United States

Empowering investors to make a meaningful impact within their communities

ConsultingFinancial ServicesFinTechFunding PlatformReal Estate Investment
SeedOct 7, 2021
Amount Raised: $4,300,000