Toronto-based early stage venture capital fund investing in high growth tech markets, devoting time & energy helping entrepreneurs realize their potential.
Employees: 11-50
Investment Type: Venture Capital
Investment Stage: Pre-Seed; Seed; Series A
Portfolio 3
| Date | Name | Website | Total Raised | Location |
| 19.04.2022 | Vetster | vetster.com | $40.13M | United Sta... |
| 16.12.2021 | Ukko Agro | ukko.ag | $11.08M | Canada, On... |
| 16.02.2021 | Felix | felixforyou.ca | $42.13M | Canada, On... |
Mentions in press and media 19
| Date | Title | Description |
| 18.11.2025 | Frugal AI Secures $5M Seed to Revolutionize Cloud Cost Management | Frugal AI lands $5M. Seed funding fuels code-level cloud cost control. Platform targets developer efficiency. Savings without slowing innovation. Frugal Code launches Q1 2026. **Frugal AI Secures $5M Seed to Revolutionize Cloud Cost Managem... |
| 13.11.2025 | Frugal Raises $5M in Seed Funding | Frugal AI, an Ottawa, Ontario, Canada-based company turning inefficient code into cloud savings, raised $5M in Seed funding. The round was led by Whitecap Venture Partners with participation from Mistral Venture Partners, as well as the fou... |
| 01.04.2022 | Additional $14 million for Altoida to advance its neurocognitive assessment platform | |
| 10.12.2021 | Whitecap Venture Partners Closes Early-Stage Venture Capital Fund, at CAN$140M | Whitecap Venture Partners, a Toronto, Canada-based early stage venture capital firm, closed its new fund, Whitecap V, at C$140m. Returning investors included Kensington Capital Partners, BMO Capital Partners (BMOCP), Inuvialuit Investment C... |
| 09.12.2021 | Whitecap Venture Partners closes $140 million Fund V to invest across Canada | Whitecap Venture Partners has secured $140 million CAD for its fifth fund, which will invest in early-stage B2B SaaS and medtech startups. For Whitecap’s previous two funds, the Toronto-based venture capital (VC) firm focused on backing ear... |
| 21.11.2019 | Silofit, a provider of on-demand fitness studios, raises $1M seed | The Montreal-based company plans to expand to the U.S. next year Go to any major city and you'll see a ton of empty storefronts; there are many reasons for this, a big part of it has to do with rents being so high that businesses cannot sta... |
| 29.01.2019 | Whitecap Venture Partners Holds First Close of Fourth Fund, at CDN$110M | Whitecap Venture Partners, a Toronto, Canada-based venture capital firm, secured commitments of CDN $110M in the first close of Whitecap IV, its new fund. LPs include returning investors Kensington Capital Partners and Bank of Montreal, as ... |
| 29.01.2019 | Whitecap Venture Partners raises bulk of C$125 mln Fund IV, hires Steve Lau | - |
| 06.04.2017 | Canadian SaaS startups, you don’t need U.S. funding | We are excited to bring Transform 2022 back in-person July 19 and virtually July 20 - 28. Join AI and data leaders for insightful talks and exciting networking opportunities. Register today! Time and time again, SaaS startups contemplate wh... |
| 06.04.2017 | Canadian SaaS startups, you don’t need U.S. funding | Time and time again, SaaS startups contemplate who they should approach for investment. There’s a general sense in our community that it’s difficult to raise money in Canada. Software startups have this misconception before they do their ow... |
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