Overview
Montreal has a mature investment ecosystem with venture capital firms, angel networks, and various funding organizations supporting startups at all stages.
Venture Capital Firms
- Real Ventures - Website - Early-stage venture capital firm focused on Canadian tech startups. One of the most active seed-stage investors in Canada. (Montreal)
- iNovia - Website - Multi-stage venture capital firm investing in ambitious founders across North America.
- Rho Ventures - Website
- BDC Venture Capital - Website
- Teralys Capital - Website - Fund of funds focused on Quebec technology ecosystem.
- Emerillon Capital - Website - Venture capital firm based in Montreal.
- White Star - Website - Venture capital firm focused on B2B software companies.
- Edo Capital - Website - Montreal-based venture capital firm.
- Brightspark Ventures - Website
- Ferst Capital Partners - Website
- Panache Ventures - Website - Focus: seedstageventurecapitalfund (Montreal, Calgary, TO)
- CDPQ - Website
- Luge Capital - Website - Focus: fintech - Fintech-focused venture capital firm based in Montreal and Toronto. (Montreal, Toronto)
- Diagram - Website - Focus: fintech,insurtech,healthcare (Montreal)
- Fonds FTQ - Website - Focus: saas,manufacturing,mobility,deeptech (Montreal)
Angel Investors And Networks
Other Investment Organizations
Funding Resources
Government Programs
- Investissement Québec - Provincial investment and financing
- BDC - Business Development Bank of Canada
- PARI/NRC-IRAP - Federal R&D funding
Accelerator Investment
Many accelerators in Montreal include investment as part of their programs:
- FounderFuel - Seed investment for cohort companies
- Techstars Montreal AI - Standard Techstars investment terms
- Creative Destruction Lab - No-equity accelerator with investor access
Getting Funded
Tips for Montreal Founders
- Build relationships early - Montreal's ecosystem is relationship-driven
- Leverage government programs - Combine VC with non-dilutive funding
- Consider US investors - Many Montreal startups raise from US funds
- Angel networks first - Great for early validation and introductions