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10+ Venture Capital Firms in Canada Funding Startups in 2025
The Canadian venture capital scene continues to thrive, with numerous venture capital firms in Canada actively funding startups across a wide range of industries in 2024. From early-stage investments to growth-stage funding, these Canadian VC firms are crucial partners for founders seeking to scale their businesses. Whether you're a startup founder searching for the right VC in Canada or an investor looking to understand the country's dynamic funding landscape, this list of top venture capital firms in Canada offers a comprehensive overview of the leading players driving innovation and entrepreneurship nationwide.
Related resource: Exploring Canada’s Emerging Tech Hubs: Where Innovation is Thriving
Overview of the Canadian VC Landscape in 2024
The venture capital landscape in Canada continues to evolve, with 2024 shaping up to be another pivotal year for startups and investors alike. Canadian venture capital firms are increasingly focusing on emerging technologies and industries, helping to fuel the growth of the country's vibrant startup ecosystem. Key regions such as Toronto, Vancouver, and Montreal remain the primary hubs for venture capital in Canada, each with unique industry strengths and active investor communities.
In Toronto, Canada's largest city, sectors like fintech, AI, and SaaS lead the charge, attracting significant investment from local and global VCs. Toronto’s robust tech ecosystem has solidified its position as a key player in North America's venture capital landscape.
Meanwhile, Vancouver is gaining recognition for contributing to industries like biotechnology, gaming, and clean technology. With a strong foundation of academic research institutions and a growing pool of tech talent, Vancouver-based startups are securing larger rounds of VC funding, particularly in clean energy and environmental innovation.
Montreal stands out as a leader in AI and deep tech, driven by strong government support and initiatives that foster innovation. Montreal’s thriving AI scene, supported by institutions like Mila (the Quebec Artificial Intelligence Institute), attracts venture capital and top talent from around the world.
Across Canada, biotech, sustainability, and fintech are seeing heightened interest from Canadian VC firms. These sectors align with global trends in healthcare innovation, climate technology, and financial disruption, all of which are receiving significant investment attention.
Government Support and Initiatives
Canada's government has played a crucial role in the growth of its venture capital ecosystem. Initiatives like the Venture Capital Action Plan (VCAP) and the Strategic Innovation Fund have helped unlock billions in VC funding for startups across the country. Programs such as SR&ED (Scientific Research and Experimental Development) tax incentives and Innovative Solutions Canada continue to support research-intensive startups, making Canada an attractive destination for founders and investors.
Due to these factors, the Canadian venture capital ecosystem has seen steady growth in deal volume and funding amounts over the past few years. In 2024, this trend is expected to continue, with Canadian VC firms increasingly participating in larger, later-stage funding rounds, reflecting the maturity of the startup ecosystem in Canada.
Top Venture Capital Firms in Canada
As the Canadian startup ecosystem continues to grow, having access to the right venture capital firms is crucial for founders looking to scale their businesses. Below is a curated list of top Canadian venture capital firms that are actively funding startups in 2024, providing not only capital but also strategic guidance, mentorship, and access to a vast network of industry leaders.
1. BDC Ventures
As put by the team at BDC Ventures, “Our venture capital funds present diverse opportunities for entrepreneurs to innovate in new and existing markets. The breadth of our funds across industries, technologies and company stage is unique in Canada’s venture capital space. Each fund is managed by a dedicated team with decades of experience bringing groundbreaking Canadian companies to the world stage.”
Location
BDC Ventures is focused on growing the venture capital ecosystem in Canada.
Company Stage
BDC Ventures invests in companies from early to late stages.
Preferred industries
The team at BDC Ventures is currently operating 6 funds that invest across multiple industries including:
Sustainability Venture Fund
Climate Tech Fund II
Thrive Venture Fund and Lab for Women
Deep Tech Venture Fund
Industrial Innovation Venture Fund
Growth Venture Co-Investment Fund
Related Resource: 10+ VCs & Accelerators Investing in Underrepresented Founders
Portfolio Highlights
Some of BDC Ventures’ most popular investments include:
Hopper
Unsplash
Shoelace
2. Golden Ventures
As put by the team at Golden Ventures, “We have a deep sense of empathy to founders and their craft. We challenge our portfolio and team to build remarkable companies. We are authentic and rational in our decision-making and apply the same honesty to our relationships.”
Location
Golden Ventures is headquartered in Toronto and invest in companies throughout North America.
Company Stage
Golden Ventures is focused on seed-stage companies. As put by their team, “We target initial commitments of $500K – $2M for between 7-15% of a company, and we reserve capital to follow on into companies based on progress.”
Related Resource: Seed Funding for Startups 101: A Complete Guide
Preferred industries
Golden Ventures is industry agnostic in its investment approach.
Portfolio Highlights
Some of Golden Ventures’ most popular investments include:
ApplyBoard
Yesware
Stacked
3. Inovia Capital
As put by their team, “Inovia Capital is a venture capital firm partnering with founders to build impactful and enduring global companies.
With four active venture funds, two growth funds, a continuation fund and an expanding team of investors, operators and advisors, we are fully equipped to support founders with capital, insights and mentorship throughout their journey.”
Location
Inovia Capital is headquartered in Canada and invests in companies across the globe.
Company Stage
Inovia Capital invests in companies across all stages.
Preferred industries
As put by their team, “We focus on B2B and B2C SaaS companies and marketplaces.”
Related Resource: 32 Top VC Investors Actively Funding SaaS Startups
Portfolio Highlights
Some of Inovia’s most popular investments include:
Bench
Hopper
Darwin AI
4. BlueSky Equities
As put by their team, “Bluesky Equities is a privately-owned, absolute-return focused, investment management company.
We are unconstrained in our approach, investing in public and private markets with a focus on alternative assets including venture capital, private equity, hedge funds, and real estate.”
Location
Bluesky Equities is headquartered in Calgary and invest in companies across Canada.
Company Stage
Bluesky Equities is focused on early-stage investments.
Preferred industries
Bluesky Equities is focused on B2B SaaS companies.
Related Resource: 15+ VCs Investing in the Future of Work
Portfolio Highlights
Some of Bluesky Equities’ most popular investments include:
Ownly
Active Door
Spocket
5. ArcTern Ventures
As put by the team at ArcTern Ventures, “Since 2012, we’ve been investing in entrepreneurs obsessed with solving humanity’s greatest challenges—climate change and sustainability. We’re former startup founders ourselves, we get it, and like you, we believe technology can save our planet.”
Location
ArcTern has office locations in Toronto, San Francisco, and Oslo and invests in companies across the globe.
Related Resource: The 11 Best Venture Capitals in San Francisco
Company Stage
Explain the company stage this firm invests in.
Preferred industries
As put by their team, “We invest broadly in technology companies that have a positive impact on climate change and sustainability.” Some specific sectors include:
Clean Energy
Energy Efficieny and Storage
Circular Economy
Advanced Manufacturing and Materials
Mobility
Food Systems
Related Resource: VCs Investing In Food & Bev Startups
Portfolio Highlights
Some of ArcTern’s most popular investments include:
Palmetto
Span
Flashfood
6. Relay Ventures
As put by the team at Relay Ventures, “We don’t fund companies. We fund founders. From the beginning, we have had a simple philosophy. We view founders as partners. We bring capital, networks, and experience, and our founders bring expertise, teams, and dreams. Together we build transformational businesses based on teamwork, trust, and aspiration. Because being a founder depends on it. Our track record speaks for itself.”
Location
Relay Ventures is headquartered in Toronto and invests in companies across North America.
Company Stage
Relay Ventures is focused on seed and pre-seed stage companies.
Preferred industries
Relay Ventures is industry agnostic and focuses on companies operating in large markets.
Portfolio Highlights
Some of Relay Ventures’ most popular investments include:
Ecobee
Bird
Swift
7. Alate Partners
As put by the team at Alate Partners, “We invest in courageous founders and transformational technology that will change the built world for the better. Founded as a partnership between Relay Ventures and Dream, our team has decades of experience in venture capital, operations, and real estate. In addition to providing capital, Alate has unique access to expertise and customers through our network of influential real estate partners, investors, and founders.”
Location
Alate Partners is headquartered in Toronto.
Company Stage
Alate Partners invest in companies around the Seed and Series A stages.
Preferred industries
As put by their team, “We exclusively invest in real estate and construction technology, so you can skip explaining the basics and focus on what matters most. Our knowledge and network are here to accelerate your growth.”
Portfolio Highlights
Some of Alate’s most popular investments include:
Bird
Altrio
PadSplit
8. Real Ventures
As put by their team, “Real Ventures is an early-stage venture firm focused on serving daring entrepreneurs with the ambition to create successful, global companies. Since 2007, Real Ventures has dedicated itself to building the Canadian startup ecosystem on the belief that people, not money, build game-changing companies.
Real Ventures provides stage-specific guidance, mentorship, and access to networks and resources to fast-track founders’ personal and company growth. Real Ventures manages $325 million across five funds and its active portfolio of 100+ companies is currently valued at $10 billion.”
Location
Real Ventures is headquartered in Toronto and has an office in Montreal. They primarily invest in companies in Canada.
Company Stage
Real Ventures is focused on early-stage investments.
Preferred industries
As put by their team, “There is no standard answer, but there are three main things that we look for: a great team with unique insight on a market opening that has massive scaling potential. We like to hear bold ideas that have the potential to disrupt unconventional industries.”
Portfolio Highlights
Some of Real Ventures most popular investments include:
Mejuri
Integrate AI
Unbounce
9. Georgian
As put by the team at Georgian, “We believe that entrepreneurs deserve an experience of growth capital that matches any other best-in-class technology partner. We’re focused on your experience as a growth-stage CEO, using data-driven insights to improve how our team supports you and your team.”
Location
Georgian is headquartered in Toronto and invests in companies across the globe.
Company Stage
Georgian is focused on companies that are generating $500k+ in MRR and are raising between $25M and $75M.
Preferred industries
Georgian is focused on B2B SaaS companies.
Related Resource: FinTech Venture Capital Investors to Know
Portfolio Highlights
Some of Georgian’s most popular investments include:
Beam
Shopify
Ritual
10. Panache Ventures
As put by the team at Panache Ventures, “We invest in the most promising founders — those who are automating, decentralizing, democratizing, and expanding human capabilities.
We want to be the first to invest in your potential, and to support your leadership.”
Location
Panache is headquartered in Montreal and invests in primarily invests in companies in Montreal.
Company Stage
Panache invests in early-stage companies and tries to write the first check into their companies.
Preferred industries
Panache is industry agnostic in their approach.
Related Resource: 10 VC Firms Investing in Web3 Companies
Portfolio Highlights
Some of Panache Ventures most popular investments include:
Altrio
Dwelling
Relay
VC Resources for Canadian Founders
For Canadian startup founders looking to secure venture capital funding, having access to the right resources can significantly improve your chances of success. Beyond venture capital firms, Canada offers a variety of support programs, incubators, and accelerators that provide additional funding, mentorship, and network opportunities. Below is a list of valuable VC resources for Canadian founders that can help guide you through your fundraising journey.
Government Funding Programs
Canada has a range of government-backed funding programs that offer support to startups at various stages. These programs can often serve as a stepping stone to securing venture capital investment.
Scientific Research and Experimental Development (SR&ED): The SR&ED program offers tax credits and incentives for companies conducting research and development in Canada. This program can be particularly beneficial for tech startups or companies innovating in industries like biotech and AI.
Venture Capital Action Plan (VCAP): VCAP is a federal government initiative designed to help increase the availability of venture capital for startups in Canada. Through this program, the government co-invests with private-sector VC firms, providing additional capital to Canadian startups.
Innovative Solutions Canada (ISC): ISC offers funding and contracts to Canadian startups with innovative solutions. This program is focused on helping startups bring their technology to market by partnering with government departments.
These government programs can not only provide direct funding but also serve as validation when approaching Canadian venture capital firms for additional investment.
Startup Incubators in Canada
Startup incubators provide early-stage companies with resources like office space, mentorship, and access to investors. Many successful Canadian startups began their journeys in incubators that helped them refine their products and business models before seeking venture capital.
MaRS Discovery District (Toronto): MaRS is one of the world’s largest urban innovation hubs, supporting startups in industries such as health, cleantech, fintech, and enterprise software. They offer mentorship, access to capital, and partnership opportunities.
The DMZ (Toronto): Based out of Ryerson University, The DMZ is one of Canada’s top startup incubators, with a focus on scaling high-potential technology startups. The DMZ provides entrepreneurs with access to a network of investors, mentors, and industry leaders.
District 3 (Montreal): District 3 is an incubator based in Montreal that helps founders grow their startups from early-stage to venture-backed companies. With a focus on technology and innovation, District 3 provides a combination of mentorship, workshops, and access to capital.
Joining an incubator can give founders a head start by connecting them with VC firms in Canada and offering the support needed to scale their startups.
Accelerator Programs
Accelerators are a great way for Canadian startups to fast-track their growth by receiving funding, mentorship, and resources in a short amount of time. Many Canadian venture capital firms closely follow the startups that come out of these programs, making them an excellent resource for founders seeking investment.
Creative Destruction Lab (Multiple Locations): CDL is a globally renowned accelerator with locations across Canada, including Toronto, Vancouver, and Montreal. Focused on scalable, science-based startups, CDL provides founders with access to investors, business experts, and academic researchers.
FounderFuel (Montreal): FounderFuel is a Montreal-based accelerator that offers startups mentorship, networking opportunities, and access to investors. The program culminates in a Demo Day, where founders present to top Canadian VC firms and angel investors.
Techstars Canada (Toronto and Vancouver): Techstars runs accelerator programs in both Toronto and Vancouver, focusing on high-growth startups. The program provides mentorship, seed funding, and access to a global network of investors and industry experts.
Participating in these accelerator programs can dramatically improve your visibility with Canadian venture capital firms and help you prepare for your next fundraising round.
Top Canadian Venture Capital Trends in 2024
As the startup ecosystem in Canada matures, Canadian venture capital firms are increasingly aligning their investments with global trends and focusing on areas of innovation that promise long-term growth. In 2024, several key trends are emerging as focal points for venture capital in Canada, shaping the future of investment and startup success across the country.
1. Sustainability and Climate Tech
One of the biggest trends in 2024 is the heightened focus on sustainability and climate technology. Canadian venture capital firms are prioritizing investments in startups that address pressing environmental challenges, from clean energy solutions to waste reduction and carbon capture innovations. Firms like ArcTern Ventures and BDC Capital have established funds specifically targeting sustainable startups. This focus aligns with Canada’s broader commitment to reducing greenhouse gas emissions and transitioning to a greener economy.
2. Tech Innovation in AI and Fintech
Canada has emerged as a global hub for AI research and development, with venture capital firms in Canada heavily backing AI-driven startups. Montreal, in particular, has become a center for AI innovation, with firms like Inovia Capital and Real Ventures investing in AI startups that are revolutionizing industries such as healthcare, fintech, and autonomous vehicles.
Similarly, the fintech sector continues to grow, with Toronto leading the charge as one of the top fintech ecosystems in North America. Canadian VCs are actively funding startups that are disrupting traditional financial services, from blockchain and cryptocurrencies to AI-powered financial platforms. Georgian is one of the key players in this space, focusing heavily on fintech innovation and data-driven business models.
3. Female Founders and Diversity-Focused Investments
In recent years, the importance of diversity in the venture capital ecosystem has gained attention, and 2024 is no exception. Canadian venture capital firms increasingly recognize the value of diverse teams and are stepping up efforts to back female founders and underrepresented groups. Funds like BDC’s Thrive Venture Fund and Lab for Women are specifically focused on empowering women-led startups, providing capital, mentorship, and resources to help women founders scale their businesses.
4. Health and Biotech Innovation
The biotech and health tech sectors are seeing sustained interest from Canadian venture capital firms in 2024. With advancements in digital health, medical devices, and biotech research, Canada is positioned as a leader in health innovation. Venture firms like Lumira Ventures are at the forefront of backing companies pioneering new treatments, improving healthcare delivery, and utilizing AI for diagnostics and patient care.
5. Web3 and Blockchain Technologies
Another emerging trend is the rise of Web3 technologies and blockchain startups in Canada. Panache Ventures is one of the leading Canadian venture capital firms investing in this space, funding startups working on decentralized finance (DeFi), digital identity, and new blockchain-based business models. As blockchain technology continues to evolve, Canadian VCs are positioning themselves at the forefront of this global shift.
6. Government Support and Strategic Partnerships
Government initiatives, such as the Venture Capital Action Plan and other funding programs, continue to boost venture capital investment in Canada significantly. Canadian VCs leverage these programs to enhance funds and form strategic partnerships with government-backed initiatives. This collaborative effort has further strengthened the Canadian venture capital ecosystem, allowing firms to offer more capital and resources to startups nationwide.
Maximize Your Fundraising Impact With Visible
At Visible, we typically compare a venture fundraise to a traditional B2B sales and marketing funnel.
At the top of the funnel, you find potential investors via cold outreach and warm introductions.
In the middle of the funnel, you nurture potential investors with meetings, pitch decks, updates, and other communications.
At the bottom of the funnel, you are working through due diligence and hopefully closing new investors.
Like sales, a healthy fundraising funnel starts by finding the right investors. This can be based on geography, check size, focus areas, etc.
Use Visible to manage every part of your fundraising funnel with investor updates, fundraising pipelines, pitch deck sharing, and data rooms.
Raise capital, update investors, and engage your team from a single platform. Try Visible free for 14 days.

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Top New Zealand VCs: Your Guide to Startup Funding
New Zealand’s startup ecosystem is thriving, fueled by a wave of innovation, strong government support, and growing interest from international investors. As more founders build in sectors like SaaS, agritech, and cleantech, the need for aligned, early-stage capital has never been greater. In this article, we spotlight the top 10 venture capital firms actively investing in New Zealand startups—funds that understand the local landscape and are backing bold Kiwi founders with global ambitions.
But raising capital is just one part of the journey. We also explore the trends shaping the ecosystem in 2025, including the rise of angel investors, the growth of government-backed innovation programs, and New Zealand’s appeal as a testbed for emerging technologies. For founders looking to connect, we’ve included details on major networking events, coworking hubs, and accelerators across the country. Whether you're launching your first startup or scaling your next big idea, this guide offers a comprehensive look at the resources, connections, and capital available in New Zealand today.
Top 10 VCs in New Zealand
Hillfarrance Venture Capital
https://connect.visible.vc/investors/hillfarrance-venture-capital
About: Hillfarrance Venture Capital is a $36m New Zealand-based early-stage venture fund investing in audacious Kiwi founders developing innovations at the cutting edge of media, artificial intelligence and climate change. We are a purpose-driven fund and focus on entrepreneurs whose ingenuity will leave the planet in a better state for the next generation.
Startup Dunedin
https://connect.visible.vc/investors/startup-dunedin
About: Startup Dunedin is at the epicenter of the local community of entrepreneurs, innovators and disruptors. We are here to support anyone looking to launch a startup in Dunedin, and are the first point of contact for visiting entrepreneurs and investors from beyond Dunedin. We are committed to empowering aspiring entrepreneurs by connecting them with the mentorship, funding and networking opportunities they need, as well as being a key driver of growth in both the region and New Zealand as a whole.
Macdoch Ventures
https://connect.visible.vc/investors/macdoch-ventures
About: Macdoch Ventures is a private Sydney-based venture firm helping startups with financing, business development and other strategic advice.
Sweetspot check: size $ 500K
Traction metrics requirements: No
Thesis: Supporting Australian and New Zealand companies to launch globally, right at the beginning.
Flying Fox Ventures
https://connect.visible.vc/investors/flying-fox-ventures
About: Early stage capital propelling Australian & New Zealand companies across the globe
Sweetspot check: size $ 500K
Thesis: Australian early stage companies, industry agnostic
Folklore
https://connect.visible.vc/investors/folklore
About: Folklore is an Australian VC firm committed to backing Australian and New Zealand tech founders and their teams, from first cheque to forever. Since 2013, we have been investing into early-stage ANZ tech startups with big visions and ambitions, across a wide range of industries.
Ice Angels
https://connect.visible.vc/investors/ice-angels
About: Ice Angels is an organization made up of business professionals in New Zealand working together to exploit global opportunities in business.
Thesis: We invest from pre-seed to pre-IPO and across a variety of industries including software, hardware, medtech, fintech, and edtech.
Qualgro VC
https://connect.visible.vc/investors/qualgro-vc
About: Qualgro Venture Capital invests in B2B technology startups in Southeast Asia, Australia and New Zealand, at Series A and Series B.
Thesis: Provide high-impact support to exceptional entrepreneurs and to the ecosystem, through the quality and values of our people and our network, leading to strong returns for our investors.
Right Click Capital
https://connect.visible.vc/investors/right-click-capital
About: Right Click Capital is a venture capital firm backing ambitious tech startups in Australia, New Zealand, and South East Asia.
Thesis: We invest in and champion bold tech.
Five V Capital
https://connect.visible.vc/investors/five-v-capital
About: Five V Capital is the growth partner to Australia and New Zealand’s leading companies.
Movac
https://connect.visible.vc/investors/movac
About: Movac is New Zealand's most experienced venture investor, investing in early-stage technology companies.
Trends in the New Zealand Startup Ecosystem
New Zealand's startup ecosystem is experiencing significant growth, driven by innovation, government support, and increasing international interest. Below are the key trends shaping the landscape in 2025:
Growth in Tech Startups
New Zealand has seen a surge in tech startups, particularly in sectors like SaaS, agritech, and cleantech. SaaS companies are thriving due to the global shift toward digital transformation and remote work solutions. Agritech startups, such as Halter and BioLumic, are leveraging technology to address challenges in sustainable farming and food production, positioning New Zealand as a leader in agricultural innovation. Cleantech is also gaining momentum, with startups focusing on renewable energy and carbon reduction technologies, supported by initiatives like the NZ CleanTech Mission.
Increasing Interest from International Investors
The New Zealand startup ecosystem is attracting growing interest from international investors. Venture capital funding rebounded strongly in 2024, and the outlook for 2025 remains optimistic. This recovery is partly due to the country's reputation for innovation and its ability to weather global economic challenges better than many other regions. Additionally, New Zealand's unique position as a testbed for diverse industries, such as agritech and cleantech, makes it an appealing destination for global venture capital.
Government Support for Innovation
The New Zealand government plays a pivotal role in fostering innovation through programs like Callaghan Innovation, which provides grants for research and development. These grants help startups scale their operations and develop cutting-edge solutions. Other initiatives, such as the New Zealand Venture Investment Fund (NZVIF), co-invest with private investors to support early-stage companies, further strengthening the ecosystem.
Rise of Angel Investors and Early-Stage Funding
Angel investors and early-stage funding networks are becoming increasingly prominent in New Zealand. Organizations like Angel HQ and Enterprise Angels are providing critical support to startups in their initial phases, helping them secure the resources needed to grow. This rise in angel investment is democratizing access to capital and enabling more entrepreneurs to bring their ideas to life.
Networking Opportunities for Founders in New Zealand
Major Events and Conferences
New Zealand hosts several high-profile events and conferences that bring together entrepreneurs, investors, and industry leaders. These events are excellent opportunities for founders to network, learn, and showcase their startups:
Techweek NZ: A nationwide festival of innovation that features workshops, panel discussions, and networking events. It covers a wide range of industries, including technology, sustainability, and creative sectors.
Southern SaaS: A premier event for SaaS companies, offering insights from industry experts and opportunities to connect with potential partners and investors.
Startup Weekend: A global event series where entrepreneurs can pitch ideas, form teams, and develop prototypes over a weekend. It’s a great way to meet co-founders and mentors.
Startup Hubs and Coworking Spaces
New Zealand is home to several innovation hubs and coworking spaces that foster collaboration and provide resources for startups:
GridAKL: Located in Auckland, GridAKL is a hub for innovation and entrepreneurship. It offers coworking spaces, events, and access to a community of like-minded individuals.
Startup Dunedin: A non-profit organization that supports early-stage founders and startups in Dunedin, New Zealand. It offers free programs, mentorship, co-working space, and resources to help entrepreneurs validate ideas, build companies, and grow sustainably. Learn more at
The Factory: Based in Palmerston North, The Factory supports startups in the agritech and foodtech sectors, offering coworking spaces and mentoring programs.
Accelerators and Incubators
Sprout Accelerator: Focused on agritech and foodtech startups, Sprout offers a six-month program that includes mentoring, workshops, and access to investors.
Creative HQ: Based in Wellington, Creative HQ runs several accelerator programs, including the GovTech Accelerator and Climate Response Accelerator, aimed at fostering innovation in specific sectors.
Flux Accelerator: A program by The Icehouse, Flux supports early-stage tech startups with funding, mentorship, and connections to investors.
Connect With Investors in New Zealand Using Visible
At Visible, we often times compare a fundraise to a B2B sales and marketing funnel. At the top of your funnel, you are finding new investors. In the middle, you are nurturing and pitching potential investors. At the bottom of the funnel, you are working through diligence and ideally closing new investors.
With the introduction of data rooms, you can now manage every aspect of your fundraising funnel with Visible.
Find investors at the top of your funnel with our free investor database, Visible Connect and find a filtered list of New Zealand's investors here.
Track your conversations and move them through your funnel with our Fundraising CRM
Share your pitch deck and monthly updates with potential investors
Organize and share your most vital fundraising documents with data rooms
Manage your fundraise from start to finish with Visible. Give it a free try for 14 days here.

founders
Fundraising
Fundraising in Toronto: Your Guide to the Top VCs and Startup Resources
Toronto has quickly become one of North America’s most dynamic startup ecosystems, offering a wealth of opportunities for entrepreneurs seeking to scale their ventures. With a thriving tech scene, a diverse and inclusive community, and robust government support, the city is a magnet for innovation and investment.
For founders actively fundraising, Toronto provides access to a wide range of venture capital firms, networking events, and resources that can help turn ideas into successful businesses. In this guide, we’ll explore the top venture capital firms in Toronto, key insights for navigating the local fundraising landscape, emerging trends shaping the ecosystem, and the best networking opportunities to connect with investors and peers.
Top Venture Capital Firms in Toronto
Forum Ventures
Sweetspot check size: $ 250K
Thesis: We invest in B2B SaaS at the earliest stages of company development
StandUp Ventures
About: StandUp Ventures is a Toronto-based, seed stage venture capital fund focused on investing in high growth ventures with at least one female founder in a key leadership role. We believe that women led companies think outside the box, recruit great talent, and serve bigger markets. We invest in seed-stage, for-profit technology companies with at least one woman in a C-level leadership position within the company and an equitable amount of ownership.
Sweetspot check size: $ 1M
Thesis: Investing in women-led or co-led ventures
DMZ
About: A global startup ecosystem, DMZ at Toronto Metropolitan University equips the next generation of tech entrepreneurs with the tools needed to build, launch and scale highly impactful startups. By providing connections to customers, coaching, capital and a community, DMZ’s world-leading incubator programs help innovators reach the next milestone in their entrepreneurial journey – whatever that might be. Through its award-winning programming, DMZ has helped 800+ startups raise $2.69 billion in capital and create 5,100+ jobs. Headquartered in Toronto, Canada, with globally-accessible programming, DMZ has a widely-recognized international presence with offices in Vietnam, India and the U.S., and partnerships across North America, Latin America, Africa and Asia.
Relay Ventures
About: Relay Ventures is an early stage venture capital firm that invests in passionate entrepreneurs disrupting and creating new markets through mobile technologies. Unlike other funds, Relay exclusively focuses on software for mobile devices and the connected Internet, creating an unparalleled set of networks and resources that tangibly help founders build world-class companies. With offices in Toronto and Calgary, the firm is active throughout North America.
Sweetspot check size:$ 500K
Flow Capital
About: Flow Capital provides founder-friendly growth capital for high-growth companies.
Traction metrics requirements: Minimum Annual Revenue: $4 million (or $2.5 million in ARR) Seeking: $1-7 million in venture debt or revenue-based financing
Thesis: Providing venture debt and revenue-based financing for asset-light, high-growth businesses.
Golden Ventures
About: Golden Ventures is a leading seed-stage venture capital fund, based in Toronto and investing across North America. We back bold teams and their transformative ideas.
Corl
About: Artificially-intelligent platform that finances businesses in the digital economy and shares in their future revenue.
Sweetspot check size: $ 1M
Traction metrics requirements: $50,000 in monthly revenue Must be based or have a subsidiary in Canada or USA
Thesis: Fund processes to grow revenue with non-dilutive instrument.
Disruption Ventures
About: Disruption Ventures, a private female-founded venture capital fund investing in businesses led by women.
Sweetspot check size: $ 750K
Thesis: We invest in companies founded by women.
Alate Partners
About: Alate Partners is the result of a partnership built between Dream, one of Canada’s largest real estate companies, and Relay Ventures, an established early stage venture capital fund.
Sweetspot check size: $ 3M
Thesis: Alate Partners empowers entrepreneurs who are rethinking real estate.
Gaingels
About: Gaingels is a formal investment vehicle and network investing in the best series and venture stage companies with LGBT leadership.
Brightspark Ventures
About: Brightspark's team brings years of investment and technology expertise in creating and operating software companies in the areas of application and infrastructure software, enterprise software and communications software. Their experience allows them to work closely with entrepreneurs to identify emerging technologies and solutions that address large market opportunities. Their goal is to proactively engage young companies.
Thesis: Brightspark has been investing in the Canadian VC industry since 1999. Over the last 20 years, the company has refined its focus to the point where it choose what it believes to be the best early-stage opportunities in the market. The company's goal is to findexceptional startups, and work closely with these companies as they grow to achieve stellar returns.
MaRS IAF
About: IAF is Canada's most active early stage venture capital firm, investing in B2B software, Fintech and Digital Health companies.
How to Successfully Fundraise in Toronto’s Startup Ecosystem
Toronto has emerged as one of North America’s most vibrant startup ecosystems, offering a wealth of opportunities for founders seeking funding. However, navigating this competitive landscape requires a strategic approach. Below are key insights to help founders successfully fundraise in Toronto.
The Importance of Building Relationships with Local Investors
Building strong relationships with local investors is critical for fundraising success in Toronto. Unlike some larger markets, Toronto’s investment community thrives on trust and personal connections. Founders are encouraged to engage with investors early, even before they are actively seeking funding. This approach allows investors to become familiar with the startup’s vision and progress over time.
Networking events such as Startup Investor Drinks and programs like those offered by MaRS Discovery District provide excellent opportunities to meet investors in informal settings.
Additionally, leveraging platforms like the Connect investor database or joining local angel networks such as Maple Leaf Angels can help founders identify and connect with investors who align with their industry and growth stage.
Leveraging Toronto’s Diverse and Inclusive Startup Community
Toronto’s diversity is one of its greatest strengths, making it an inclusive hub for innovation. The city is home to a wide range of founders, investors, and mentors from various cultural and professional backgrounds. This diversity fosters unique perspectives and solutions, which can be a significant advantage when pitching to investors.
Programs like the DMZ and Creative Destruction Lab actively support underrepresented founders, providing mentorship and access to funding opportunities. Founders should also explore government-backed initiatives such as the Ontario Centre of Innovation (OCI), which offers grants and resources to startups across various sectors.
Emerging Trends in Toronto’s Startup Ecosystem
Toronto’s startup ecosystem continues to thrive as one of the most dynamic and innovative hubs in North America. In 2025, several key trends are shaping the city’s entrepreneurial landscape, driven by advancements in technology, a commitment to diversity, and robust government support. Below, we explore these trends in detail, supported by data and examples.
Growth in Specific Industries: AI, Fintech, and Cleantech
Toronto has solidified its position as a global leader in AI, fintech, and cleantech. The city’s AI sector, in particular, has seen exponential growth, with Toronto being home to world-renowned institutions like the Vector Institute for Artificial Intelligence. According to a report by McCarthy Tétrault, nearly one-third of global venture funding in Q3 2024 was directed toward AI startups, with Toronto-based companies like Layer 6 AI and BlueDot leading the charge.
Fintech is another booming sector, with startups like Wealthsimple and Clearco revolutionizing financial services. Wealthsimple has democratized investing for Canadians, while Clearco’s AI-driven funding model has provided over $2 billion in non-dilutive capital to startups globally. Additionally, Toronto-based Uplinq is leveraging AI to expand credit access for small businesses, showcasing the city’s fintech innovation.
Cleantech is also gaining momentum as sustainability becomes a global priority. Startups like Ecobee, which develops smart thermostats, and Flashfood, which reduces food waste, are addressing critical environmental challenges. Canada’s focus on green technology is reflected in the rise of cleantech startups, with Toronto playing a central role in this movement.
Increased Focus on Diversity and Inclusion in Funding
Toronto’s diverse population has long been a cornerstone of its innovation ecosystem, and this diversity is increasingly reflected in funding initiatives. Programs like the Black Innovation Fellowship at DMZ and the Women Founders Fund by BDC Capital are designed to support underrepresented groups in the startup community. These initiatives aim to address funding disparities and create a more inclusive entrepreneurial environment.
The city’s commitment to diversity is also evident in the rise of startups led by women and minority founders. For example, companies like Fable, which focuses on digital accessibility, and Beekeeper’s Naturals, a wellness brand founded by Carly Stein, highlight the success of diverse leadership in Toronto’s startup ecosystem.
The Role of Government Programs and Incentives for Startups
Government support continues to be a driving force behind Toronto’s startup success. Programs like the Scientific Research and Experimental Development (SR&ED) tax incentive and the Industrial Research Assistance Program (IRAP) provide financial support for research and development, enabling startups to innovate and scale. Additionally, the Ontario Centre of Innovation (OCI) offers grants and resources to help startups commercialize their technologies.
The federal government’s Strategic Innovation Fund (SIF) has also played a significant role in fostering innovation. For instance, the fund has supported cleantech startups in developing sustainable solutions, aligning with Canada’s commitment to achieving net-zero emissions by 2050. These programs not only provide financial backing but also create a supportive ecosystem that encourages entrepreneurship.
Where to Network with Investors and Founders in Toronto
Networking is a cornerstone of success for startup founders, especially in a thriving ecosystem like Toronto. Building relationships with investors, mentors, and fellow entrepreneurs can open doors to funding, partnerships, and valuable advice. Toronto offers a variety of networking events, meetups, and organizations that provide founders with opportunities to connect and grow. Below are some of the most prominent networking opportunities in the city.
TechTO
TechTO is one of Toronto’s most popular networking events, attracting hundreds of entrepreneurs, investors, and tech professionals each month. The event features keynote speakers, panel discussions, and networking sessions, making it a valuable platform for founders to learn from industry leaders and connect with like-minded individuals.
TechTO’s focus on fostering community and collaboration has made it a staple in Toronto’s tech ecosystem. Founders can use these events to showcase their startups, gain insights into industry trends, and meet investors who are actively seeking new opportunities.
MaRS Discovery District Events
The MaRS Discovery District is a hub for innovation and entrepreneurship in Toronto, hosting a wide range of events tailored to startups. From workshops and panel discussions to pitch competitions and networking sessions, MaRS events are designed to help founders refine their business strategies and connect with investors.
One of the standout events is the MaRS Startup Open House, where startups can showcase their products and services to investors, partners, and the broader community. Additionally, MaRS offers sector-specific events, such as those focused on cleantech, healthtech, and fintech, providing targeted networking opportunities for founders in these industries.
Web Summit Vancouver
Web Summit, renowned as one of the world's premier technology conferences, is set to make its North American debut in Vancouver, Canada, from May 27 to 30, 2025. This inaugural event is expected to attract over 15,000 attendees, including international entrepreneurs, investors, media outlets, and industry leaders, all converging to explore and discuss the latest advancements in technology.
Web Summit will feature a diverse array of activities designed to foster collaboration and innovation. Attendees can anticipate engaging in panel discussions, keynote speeches, and interactive workshops covering topics like artificial intelligence, cybersecurity, and sustainable technology. The event will also host a startup program, offering early-stage companies the opportunity to showcase their innovations, participate in pitch competitions, and connect directly with potential investors.
Connect With Investors in Toronto Using Visible
At Visible, we often times compare a fundraise to a B2B sales and marketing funnel. At the top of your funnel, you are finding new investors. In the middle, you are nurturing and pitching potential investors. At the bottom of the funnel, you are working through diligence and ideally closing new investors.
With the introduction of data rooms, you can now manage every aspect of your fundraising funnel with Visible.
Find investors at the top of your funnel with our free investor database, Visible Connect and find a filtered list of Toronto's investors here.
Track your conversations and move them through your funnel with our Fundraising CRM
Share your pitch deck and monthly updates with potential investors
Organize and share your most vital fundraising documents with data rooms
Manage your fundraise from start to finish with Visible. Give it a free try for 14 days here.

founders
Fundraising
Nashville's Top Investors: A Guide for Startups Seeking VC Funding
Nashville has rapidly emerged as one of the most exciting startup ecosystems in the United States. Known for its rich history in music and healthcare, the city has expanded its influence into technology, logistics, and other innovative industries. With a growing number of venture capital firms, accelerators, and resources tailored to entrepreneurs, Nashville is becoming a prime destination for founders looking to launch and scale their businesses.
For startup founders actively fundraising, understanding the local investment landscape is critical. Nashville’s venture capital scene is unique, with a strong focus on healthcare, fintech, and disruptive technologies. This article serves as a comprehensive guide to the top venture capital firms in Nashville, offering insights into their investment focus and how they can help fuel your startup’s growth. We’ll also explore actionable advice on fundraising in Nashville, key trends shaping the ecosystem, and essential resources available to founders.
Let’s dive into the top VCs in Nashville and how you can leverage the city’s resources to take your startup to the next level.
Top Venture Capital Firms in Nashville
Altitude Ventures
About: Altitude Ventures aims to maximize value creation through value-added partnerships. AV provides early-stage venture capital financing to healthcare services and technology startups that improve healthcare.
Nashville Capital Network
About: NCN’s investor partners are founders and executives of successful healthcare and technology companies throughout the Southeast. NCN leverages these individuals to identify, evaluate, and accelerate the success of high-growth early-stage companies.
Fintop Capital
About: FINTOP Capital is a venture capital firm focused on early-stage FinTech companies. With over $700 million in committed capital across five funds, FINTOP brings decades of FinTech founding and operating experience to the board room, partnering with innovative entrepreneurs to push the frontiers of the financial services sector.
Thesis: We seek B2B service-enabled SaaS and software companies in the FinTech space. Our targets have a proven product in the market, real revenues, and are helmed by veterans of the industries they're looking to shape.
Relevance Ventures
About: Relevance Ventures is an early-stage venture firm, based in Nashville, Tennessee, that focuses on comprehensive social, environmental, and individual wellness. Since 2011, Relevance has grown into a leading investment firm targeting major disruptors across the nation with more than $125M in total AUM.
Thesis: Relevance is fixated on deploying capital into startups that create positive change for the everyday consumer, empower individuals and communities to reach their full potential, and help reduce the burden on our nation’s healthcare system. The firm’s investment mandate and location enables them to anchor deals across the country contributing anywhere from $250K to $2.5M in financing rounds depending upon stage, size, growth trajectory, and the long-term potential of the business.
Mountain Group Partners
About: Founded in 2002, Mountain Group Partners is a Nashville-based venture capital firm that invests in early stage companies in the Life Sciences and Disruptive Technology sectors. The firm brings over 100 years of combined operational experience and have investments in more than 60 companies. Mountain Group takes a unique, hands-on approach to investing based upon this deep operational experience, a desire to help bring transformational technologies to market and a fund structure which better aligns GP and LP interests.
Health Velocity Capital
About: Health Velocity Capital is a health care focused venture and growth capital partnership
Powered Health
About: Powered Health is changing the business of healthcare by driving better outcomes in patient safety and patient satisfaction while improving and developing revenue sources for hospitals. Powered Health is made up of companies that provide software solutions across the full continuum of care.
GoEx Venture Capital
About: GoEx is a $5MM pre-seed fund in Nashville, TN, focusing on real estate technology companies across the U.S.
Petra Capital Partners
About: Petra Capital Partners, based in Nashville, TN, has been a pioneer of the growth capital model, having invested more than $700 million in more than 100 high-growth private companies since we started in 1996. We are currently investing out of our fourth SBIC fund, closed in 2020, with $210 million of available capital. We invest up to $20 million of our own capital per company in non-control subordinated debt and/or preferred stock to high growth companies for expansion, acquisition, buyout or recapitalization, and can source additional capital through our network of co-investors and senior lending partners. Companies must have at least $10 million in revenue and positive ebitda at the time of investment. We focus on business services, tech-enabled services and healthcare services companies.
NueCura Partners
About: NueCura Partners, LLC is an angel investment company created by seasoned healthcare industry operators that focuses primarily on investments in the healthcare sector and allows participating affiliate members to make their own investment choices. "Investing in New Age Healthcare"
Mountain Group Partners
About: Founded in 2002, Mountain Group Partners is a Nashville-based venture capital firm that invests in early stage companies in the Life Sciences and Disruptive Technology sectors. The firm brings over 100 years of combined operational experience and have investments in more than 60 companies. Mountain Group takes a unique, hands-on approach to investing based upon this deep operational experience, a desire to help bring transformational technologies to market and a fund structure which better aligns GP and LP interests.
How to Successfully Raise Capital in Nashville
Nashville has emerged as a vibrant hub for startups, particularly in industries like healthcare, music technology, and logistics. For founders looking to raise capital in this growing ecosystem, understanding the unique dynamics of the local investment landscape is crucial. Below, we explore the types of startups that attract local investors, the importance of relationship-building, and actionable tips to stand out in a competitive market.
The Types of Startups That Attract Local Investors
Nashville's venture capital scene is heavily influenced by the city's economic strengths. Startups in the following sectors tend to attract the most attention from local investors:
Healthcare and Health Tech: Nashville is home to some of the largest healthcare companies in the U.S., such as HCA Healthcare. This has created a robust ecosystem for health tech startups, with investors actively seeking innovative solutions in telemedicine, patient care, and healthcare analytics. Nashville-based VC firms like Jumpstart Foundry and NueCura Partners focus heavily on healthcare startups.
Music and Entertainment Technology: As the "Music City," Nashville is a natural fit for startups innovating in music tech, digital media, and entertainment platforms. Investors are drawn to companies that leverage technology to enhance the music and entertainment experience, such as streaming platforms or AI-driven music production tools.
Logistics and Supply Chain: With its central location and strong transportation infrastructure, Nashville has become a hotspot for logistics and supply chain startups. Investors are particularly interested in companies that use technology to optimize delivery systems, warehousing, and inventory management.
The Importance of Building Relationships with VCs in the Region
In Nashville, relationships are everything. Unlike larger markets like Silicon Valley, where cold outreach may yield results, Nashville's investment community thrives on personal connections and trust. Founders should prioritize networking and relationship-building to increase their chances of securing funding. Here’s how:
Engage with Local Startup Hubs: Organizations like the Nashville Entrepreneur Center and Launch Tennessee host regular events, workshops, and pitch nights. These are excellent opportunities to meet investors and other founders in an informal setting.
Leverage Warm Introductions: Nashville investors often prefer to work with founders who come recommended by someone in their network. Use your connections to secure warm introductions to venture capitalists and angel investors.
Maintain Ongoing Communication: Building a relationship with a VC doesn’t end after the first meeting. Keep potential investors updated on your startup’s progress through regular investor updates using Visible. This demonstrates your ability to execute and keeps you top of mind when they’re ready to invest.
Tips for Standing Out in a Competitive Market
With Nashville's startup ecosystem growing rapidly, competition for funding is fierce. Here are some strategies to help your startup stand out:
Show Traction Early: Investors in Nashville, like elsewhere, want to see proof that your business model works. Whether it’s a growing user base, early revenue, or strategic partnerships, demonstrating traction can significantly boost your appeal. Centralize, visualize, and distribute your financial and key metric performance with Visible here.
Highlight Founder-Market Fit: Nashville investors value founders who have a deep understanding of the industries they’re targeting. Showcase your expertise and why you’re uniquely positioned to solve the problem your startup addresses.
Tailor Your Pitch to Local Investors: Research the specific focus areas of Nashville-based VCs and angel investors. For example, if you’re pitching to a healthcare-focused firm like Jumpstart Foundry, emphasize how your solution addresses critical challenges in the healthcare industry. Upload your deck, tailor it to your brand, share it securely, and understand engagement with Visible here.
Leverage Nashville’s Unique Ecosystem: Highlight how your startup benefits from being based in Nashville. Whether it’s access to healthcare networks, music industry connections, or logistics infrastructure, showing how the city supports your growth can resonate with local investors.
Resources for Startups in Nashville
Nashville’s thriving entrepreneurial ecosystem offers a wealth of resources to help founders launch, grow, and scale their startups. From co-working spaces to accelerators, government programs, and university partnerships, the city provides a supportive environment for innovation. Below, we explore these resources and offer actionable advice on how to leverage them effectively.
Co-Working Spaces
Use co-working spaces not just for office needs but as a platform to connect with other entrepreneurs, attend events, and find potential collaborators or mentors. Many spaces also host workshops and networking sessions that can help you build your startup community.
WeWork Nashville: With locations in Downtown and East Nashville, WeWork offers flexible office spaces, meeting rooms, and networking events tailored to startups.
Industrious Nashville: Known for its premium amenities and professional environment, Industrious has locations in The Gulch and Cummins Station.
Center 615: A locally owned co-working space that fosters a creative and collaborative atmosphere, ideal for early-stage startups.
Accelerators and Incubators
Research the focus areas of each accelerator or incubator to find the best fit for your startup. Tailor your application to highlight how your business aligns with their mission and leverage their mentorship programs to refine your business model and pitch.
Jumpstart Foundry: Focused on healthcare startups, Jumpstart Foundry offers $150,000 in funding and access to a network of healthcare executives and investors.
Launch Tennessee: A statewide initiative that supports startups through funding, mentorship, and networking opportunities. Their Impact Fund provides up to $250,000 in investments.
Nashville Entrepreneur Center (NEC): NEC runs programs like Project Healthcare and Project Music & Entertainment, which cater to startups in healthcare and entertainment tech.
Government Grants and Programs
Stay informed about grant deadlines and eligibility requirements. Work with organizations like TSBDC to prepare strong applications and maximize your chances of securing funding.
Launch Tennessee SBIR/STTR Matching Fund: Provides matching funds to startups that have received federal Small Business Innovation Research (SBIR) or Small Business Technology Transfer (STTR) grants.
Tennessee Small Business Development Center (TSBDC): Offers free consulting, training, and assistance with business planning and funding applications.
Nashville Economic Development Incentives: Programs like property tax abatements and grants for job creation are available for qualifying businesses.
University Partnerships
Partner with university programs to access research expertise, student talent, and mentorship. Participate in university-hosted pitch competitions and networking events to gain visibility and connect with potential investors.
Vanderbilt University’s The Wond’ry: An innovation center that provides incubator space, mentorship, and access to state-of-the-art facilities for startups.
Belmont University’s Center for Entrepreneurship: Offers educational programs, workshops, and incubator support for student and community entrepreneurs.
Lipscomb University’s Entrepreneurship Program: Focuses on equipping students with the skills to launch and manage successful businesses.
Connect With Investors in Nashville Using Visible
At Visible, we often times compare a fundraise to a B2B sales and marketing funnel. At the top of your funnel, you are finding new investors. In the middle, you are nurturing and pitching potential investors. At the bottom of the funnel, you are working through diligence and ideally closing new investors.
With the introduction of data rooms, you can now manage every aspect of your fundraising funnel with Visible.
Find investors at the top of your funnel with our free investor database, Visible Connect and find a filtered list of Nashville's investors here.
Track your conversations and move them through your funnel with our Fundraising CRM
Share your pitch deck and monthly updates with potential investors
Organize and share your most vital fundraising documents with data rooms
Manage your fundraise from start to finish with Visible. Give it a free try for 14 days here.

founders
Fundraising
The VCs Fueling the Future of Education in 2025
Latest Funding and Market Trends in EdTech (2023 and Beyond)
The EdTech sector presents a landscape of both challenges and opportunities. Founders need to be agile and adaptable, with a focus on the key growth areas of AI, mobile learning, and data analytics. Despite the current downturn in venture capital funding, the sector's long-term growth prospects remain promising, driven by technological advancements and a global push towards accessible, quality education.
Funding and Investment Trends
In 2023, the EdTech sector is witnessing a notable decline in venture capital funding. Investments in the second quarter stood at $707 million, contributing to a total of about $1.8 billion in the first half of the year. This represents a significant 58% drop compared to the same period in the previous year. The forecast for total VC funding in 2023 is projected to be around $3.5 billion, a decrease from $10.6 billion in 2022 and far from the record $20.8 billion in 2021.
The current investment climate has moved away from the "golden age of mega rounds." The recent period marked the second consecutive quarter without funding rounds exceeding $100 million, known as mega rounds. This cooling trend is attributed to a shift in market conditions, including a return to in-person learning and the expiration of federal aid that had previously boosted remote learning.
Related resource: Top 18 Revolutionary EdTech Startups Redefining Education
Opportunities and Growth Prospects
Despite the current slowdown, the long-term outlook for EdTech remains robust. Most forecasters anticipate continued substantial growth in the sector throughout the rest of this decade. This optimism is rooted in the belief that technology will continue to be a significant driver of global growth in education by reducing costs and expanding access to learning.
AI, mobile learning, tutoring, and data analytics are emerging as focal points in the EdTech sector. Innovations in these areas are expected to drive growth, with AI becoming a crucial component for startups. Mobile learning is also gaining prominence due to its widespread accessibility. Tutoring services are evolving, often combining AI, mobile technology, virtual/augmented reality, and gamification to offer more engaging and personalized learning experiences.
Implications for EdTech Founders
Navigating the Changing Landscape: EdTech founders must adapt to the evolving investment landscape, which may involve seeking smaller and more frequent rounds of funding. With the shift in investment focus, there is an increased emphasis on sectors outside of K-12, particularly in areas related to training and worker upskilling.
Leveraging Emerging Technologies: Founders should focus on leveraging emerging technologies like AI and mobile learning to create innovative solutions. There is a growing market for platforms that use big data and analytics to personalize learning. Additionally, developing solutions in the tutoring space, particularly those that address gaps in K-12 education, can be a fruitful direction.
Exploring Alternative Funding Sources: With the decline in traditional venture investments, it's crucial for startups to explore alternative forms of funding. This could include government funding, foundation-led philanthropic investments, and other non-traditional financing options. Diversifying funding sources can help sustain innovation and support the growth of new ideas.
Emerging Technologies in EdTech
For EdTech founders, emerging technologies offer a plethora of opportunities to innovate and create impactful educational solutions. As AI and IoT continue to evolve, they will undoubtedly unveil new possibilities for enhancing learning experiences and educational outcomes. Embracing these technologies and integrating them into EdTech solutions will be key to addressing the evolving needs of learners and educators alike.
AI-Driven Innovations
Personalized Learning Experiences: AI's ability to tailor educational content based on individual learning styles and needs is more advanced than ever. Using complex algorithms, AI can analyze student performance data to create a uniquely personalized learning journey. This not only enhances student engagement but also improves learning outcomes.
Intelligent Assessment Tools: AI is revolutionizing the way assessments are conducted. With advancements in natural language processing and machine learning, AI systems can now grade open-ended responses, provide real-time feedback, and even identify areas where students might need additional support.
Automated Content Generation: AI is being used to develop educational content, from generating practice questions to creating interactive learning modules. This technology allows for the rapid creation of high-quality, dynamic content that can adapt to curriculum changes and evolving educational standards.
AI Tutors and Assistants: AI-powered tutoring systems are becoming more sophisticated, offering students personalized guidance and support. These virtual tutors can answer questions, assist with problem-solving, and provide explanations, much like a human tutor but with the added benefit of being available 24/7.
IoT in Education
Smart Classroom Technologies: IoT is transforming traditional classrooms into smart learning environments. This includes the use of smart boards, IoT-enabled lab equipment, and connected devices that enhance interactive learning and provide real-time data to both students and teachers.
Enhanced Learning Analytics: now it’s possible to gather extensive data on student engagement and classroom dynamics. This information can be used to optimize teaching strategies, classroom layouts, and even individualize student learning plans based on engagement levels and performance.
Improved Resource Management: In educational institutions, IoT can help manage resources more efficiently, from tracking equipment usage to monitoring energy consumption. This not only reduces operational costs but also contributes to creating a more sustainable learning environment.
Future Outlook: Trends and Predictions in EdTech
The future of EdTech is marked by a landscape of continuous innovation and adaptation. For EdTech founders, staying abreast of these trends and predictions is crucial to developing solutions that meet the evolving needs of learners and educators. By embracing these changes and anticipating future needs, EdTech companies can not only contribute to the advancement of education but also thrive in a dynamic and growing market.
Key Trends Shaping the Future
Increased Adoption of AI and Machine Learning: AI and ML will continue to be at the forefront of EdTech innovation. They are expected to drive further personalization in learning, provide more efficient assessment tools, and enable the creation of dynamic, responsive educational content.
Growth in Virtual and Augmented Reality: VR and AR are anticipated to gain more traction in the educational sector. These technologies will provide immersive and interactive learning experiences, making complex concepts more accessible and engaging.
Rise of Microlearning and Bite-Sized Content: The trend towards microlearning is expected to grow. Short, focused learning sessions that fit into busy schedules are increasingly appealing, especially for continuous adult education and corporate training.
Focus on Lifelong Learning and Upskilling: As job roles evolve rapidly, there will be a heightened focus on lifelong learning and upskilling. EdTech platforms that cater to professional development and career transitions will likely see increased demand.
Expansion of Gamification in Education: Gamification will continue to be a key element in engaging learners. By making learning more fun and interactive, EdTech solutions can improve retention and motivation across various age groups and educational contexts.
Greater Emphasis on Inclusive and Accessible Education: There will be a growing focus on making education more inclusive and accessible. This includes developing solutions for learners with disabilities and those in underserved communities.
Predictions for Growth and Evolution
Market Expansion: The global EdTech market is projected to continue expanding, driven by technological advancements and the increasing acceptance of digital learning solutions.
Diversification of EdTech Solutions: Expect to see a broader range of EdTech products catering to different educational needs, including early childhood education, K-12, higher education, and adult learning.
Integration with Traditional Education Systems: EdTech will increasingly complement and integrate with traditional education systems, bridging gaps and enhancing the overall learning experience.
Adoption in Emerging Markets: Emerging markets will likely see a surge in EdTech adoption as internet penetration increases and digital devices become more affordable.
Investment Shifts: While venture capital funding may fluctuate, investment in EdTech is expected to remain strong, with a shift towards more strategic and impact-focused funding.
Key Players
“In the future, entrepreneurs will sell knowledge over products.”- Ankur Nagpal founder of Teachable
Source: CB Insights
Pre-K Education: Learn With Homer– Raised a total of $93M and was then acquired.
K-12 Education: Platforms like Kahoot! and Quizlet have brought an element of gamification to K-12 classrooms, making learning interactive and enjoyable. Meanwhile, EdTech platforms like Google Classroom and Canvas help manage classroom tasks and streamline communication between teachers, students, and parents. Other big players include Khan Academy a free world-class education platform and GoStudent for 1 on 1 tutoring.
Higher Education: Tools like Coursera, edX, and Udemy are revolutionizing higher education. These platforms provide a wide range of courses from universities around the world, giving students access to quality education regardless of location. They also offer micro-credentials, which are becoming increasingly recognized by employers.
Continuing Education and Adult Upskilling: LinkedIn Learning, Coursera provide professionals the opportunity to learn new skills, stay current in their field, and even transition to new careers. They offer a myriad of courses in fields ranging from business and tech to creative arts.
Specialized Learning: Companies like Rosetta Stone and Duolingo make language learning accessible to everyone, while platforms like MasterClass provide expert-led courses in various domains, such as writing, cooking, acting, and more.
Cohort-based Learning companies: EducateMe, Maven and and various boot camps such as LeWagon and Iron Hack for tech upskilling.
“Microlearning” or Bite-sized Learning involves absorbing knowledge in small, digestible segments, usually less than 10 minutes in duration. This method addresses time constraints, a common hurdle for employee participation in workplace learning. It not only condenses learning periods, thus increasing student engagement but also promotes information retention through repetition. Several innovative microlearning platforms have adopted this approach some examples include GoodCourse and 7Taps.
Companies Own Offerings: Google Classroom, Microsoft Teams for Education, and Apple’s educational resources.
In the era of lifelong learning, the market for educational technology has expanded dramatically. As technology continues to evolve and integrate into the education sector, we can expect to see even more niche EdTech platforms arise to meet the diverse needs of learners.
Unique Challenges
Technological infrastructure, including reliable internet access, is still a hurdle in many parts of the world.
Concerns regarding data privacy and security.
User engagement and retention, particularly in the K-12 segment, require a fine balance between education and engagement.
Articulating Unique Value Proposition for EdTech Founders
As the EdTech marketplace starts to rapidly grow and is swarming with innovation, it is crucial for founders to effectively articulate the unique value proposition (UVP) of their startups. Your UVP is essentially the backbone of your business.
Understanding and expressing your UVP is vital, particularly in the EdTech sector. This is because educational institutions, teachers, students, and parents – the primary stakeholders in EdTech – are looking for targeted solutions to specific challenges they face in the educational landscape. Whether it’s improving learning outcomes, enhancing teacher productivity, or increasing education accessibility, the ability to distinctly show how your solution addresses these challenges can make or break your fundraising efforts.
Improving Learning Outcomes
If your EdTech solution can improve learning outcomes, demonstrate this with data from pilot studies or user testimonials, showing how your product increases knowledge retention, improves grades, or develops specific skills. Highlight unique features of your product that facilitate these improved outcomes, such as AI-powered adaptive learning paths or gamified learning experiences.
Enhancing Teacher Productivity
EdTech is not only about students but also about empowering teachers. If your product can enhance teacher productivity, illustrate how it reduces their administrative burden, automates repetitive tasks, or assists in more efficient classroom management. Show how your product can help teachers spend more time doing what they do best—teaching and mentoring students.
Increasing Education Accessibility
In a world increasingly focused on equality and inclusion, EdTech solutions that increase educational accessibility have a powerful appeal. If this is your company’s strength, show how your product helps reach underprivileged communities, accommodates students with special needs, or allows flexible learning for those who can’t attend traditional classes. Concrete examples and stories will help your audience understand the real-world impact of your solution.
EdTech Shower Thoughts
First, a little flashback to the end of 2022- the value of 30 EdTech unicorns approached $100 billion, comparable to Fortune 500 companies like General Electric and American Express (that’s pretty impressive).
According to research, students following personalized learning approaches significantly outperform their peers. AI helps to address the challenge of high student-teacher ratios, providing customized learning experiences.
EdTech’s reach extends beyond traditional education, with remote work enhancing its importance in professional development. Automated identification of skill gaps and intelligent resource recommendations are seen as valuable to businesses and their employees.
The potential impact of government funding on EdTech’s growth- the trend towards technology use in education might lead to a significant portion of the available $30 billion US government funding being allocated to EdTech.
Learning Management Systems (LMS) is incredibly important in achieving scalability in EdTech. LMS not only helps manage large classrooms but also crucially harnesses data from personalized learning platforms, enabling educators to improve content and technologists to better understand user behavior.
Resources
EdTech VC connect profiles in our Fundraising CRM
From Exploding Topics:
56 Fast-Growing Edtech Companies & Startups (2023)
12 Emerging Education Trends (2023-2026)
$30B in government funding available to educators in the US
HolonIQ: 2022 closed with 30 EdTech Unicorns around the world, collectively valued at $89B
Accelerator- Imagine K12 (which is specifically focused on EdTech)
Events: SXSW EDU, and Bett Show attract educators, and GSV Ventures hosts their annual ASU + GSV summit
VCs Investing in the EdTech Space
1. NewSchools Venture Fund
About: “NewSchools Venture Fund is a is a national nonprofit venture philanthropy working to reimagine public education. Since our founding, in 1998, we have invested nearly $200 million in 200 education ventures. Our investments were instrumental in the creation of nearly 470 new schools with the potential to serve more than 200,000 students, and the development of ed tech products that serve more than 60 million students and their teachers.”
Thesis: “We are the first venture philanthropy focused on K-12 education. As a nonprofit and intermediary funder, we raise charitable donations and then grant those funds to early-stage entrepreneurs who are reimagining public education. While we have a rigorous investment process, we seek educational and social returns, not financial ones.”
Stage: Pre-Seed, Seed, Series A, Growth
EdTech Notable Investments: ClassDojo, Handshake, and Uncommon Schools.
2. EduCapital
About: The largest European Edtech & Future of Work VC. Educapital invest’s in innovative European companies with the highest potential to scale and become European and global leaders.
Thesis: We invest in Entrepreneurs shaping the future of education & future of work.
Stage: Seed, Series A, Series b, Growth
EdTech Lastest Investments: Tomorrow University of Applied Sciences, Edflex, Lunii
3. Bonsal Capital
About: We support tech-enabled, mission-driven startups and funds and leverage our experience as educators, venture capitalists, and ecosystem leaders to empower you to find the resources you need, so you can better serve your end user and customer.
Thesis: Bonsal Capital is a mission-driven partnership, and supporting education has been a core driver since our founding in 1999. With decades of experience in education as investors, practitioners, and volunteers, our principals have authentically grown a partnership that seeks founders and leaders who want to make a positive impact with a product and/or service, and who keep prospective scale and sustainability at the forefront. We support the growth of companies focused on tech-enabled services in education, and we have invested in and partnered with more than 20 such companies over the past two decades, providing human and financial capital, as well as other resources, that have made a positive impact on tens of millions of end users. We believe that, by fostering education, we can make the world a better place and feel good about our place in it.
Stage: Seed, Series A, Growth
EdTech Notable Investments: Upswing, Nepris, and Everyday Labs
4. Learn Capital
About: LearnCapital is a venture capital firm focused exclusively on funding entrepreneurs with a vision for better and smarter learning.
Thesis: “We back and build rapidly scaling tech-enabled companies that tackle the world’s biggest human-centered problems and help us all reach our full potential.”
Stage: Seed, Series A, Growth
EdTech Notable Investments: Udemy, Coursera, and Chegg.
5. Emerge Education
About: LearnCapital is a venture capital firm focused exclusively on funding entrepreneurs with a vision for better and smarter learning.
Stage: Pre-Seed and Seed
EdTech Notable Investments: Tomorrow University of Applied Sciences, Edurino, and Colossyan
6. Owl Ventures
About: “Founded in 2014, Owl Ventures is the largest venture capital firm in the world focused on the education technology market with over $2 billion in assets under management. The Silicon Valley-based firm was purposely built to partner with and help scale the world’s leading education companies across the education spectrum encompassing PreK-12, higher education, future of work (career mobility/professional learning), and “EdTech+” (intersection of EdTech and other major industries such as FinTech and healthcare).”
Thesis: “We believe there is a digital revolution rapidly unfolding in education and workforce development. This revolution is creating a historic opportunity to invest in companies that are disrupting and improving the over $6 trillion global education market. The entire education and training sector is shifting rapidly as access to the internet and connected devices has flourished. Hundreds of millions of students and teachers around the world can now leverage innovative learning platforms.”
Stage: We invest in companies at all stages from seed, early, growth, and later stages, globally.
EdTech Notable Investments: MasterClass, degreed, Khan Academy, Schoology, and Knewton.
7. Reach Capital
About: Reach supports the most promising entrepreneurs developing technology solutions for challenges in early childhood, K-12, and higher education.
Thesis: “Education is a critical engine for economic mobility. Alongside health, wellbeing, career development and healthy relationships, we are interested in all ideas that empower people to learn, grow and succeed — in school, at home, for work … wherever they go.”
Stages: “early, and support you at every stage of your journey”
EdTech Notable Investments: Guild Education, Classcraft, and Merit America.
8. General Catalyst
About: General Catalyst backs exceptional entrepreneurs who are building innovative technology companies and market leading businesses, including Airbnb, BigCommerce, ClassPass, Datalogix, Datto, Demandware, Gusto (fka ZenPayroll), The Honest Company, HubSpot, KAYAK, Oscar, Snap, Stripe, and Warby Parker. The General Catalyst team leverages its broad experience to help founders build extraordinary companies. General Catalyst has offices in Cambridge, MA, Palo Alto, CA and New York City.
Thesis: General Catalyst is a venture capital firm that makes early-stage and growth equity investments.
Stages: Seed, Series A, Series B, Growth
EdTech Notable Investments: Chegg, Coursera, and Udacity.
9. Kapor Capital
About: Kapor Capital invests in early stage gap-closing tech enabled startups.
Thesis: Kapor Capital invests in tech-driven early-stage companies committed to closing gaps of access, opportunity or outcome for low-income communities and/or communities of color in the United States. Stages: Pre- Seed, Seed, Series A, Series B
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Related Resource: EdTech VC connect profiles in our Fundraising CRM

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Top 12 Venture Capital Firms in Minnesota: A Founder’s Guide to Securing Funding
Minnesota’s startup ecosystem is thriving, fueled by a growing network of venture capital firms that are actively investing in innovative, high-growth companies. Whether you’re a founder in healthcare, technology, food innovation, or SaaS, Minnesota offers a wealth of funding opportunities to help you scale your business.
In this article, we’ll explore the top 12 venture capital firms in Minnesota, highlighting their investment focus, notable achievements, and how they support entrepreneurs. If you’re actively fundraising, this guide will serve as a valuable resource to connect you with the right investors and take your startup to the next level.
Top 12 Venture Capital Firms in Minnesota
Southeast Minnesota Capital Fund
About: The Southeast Minnesota Capital Fund provides early-stage investment capital to Minnesota entrepreneurs building innovative, high growth companies. We invest across the state, with a preference for companies located in or connected to Rochester and SE Minnesota.
Thesis: We are an angel fund based in Rochester that aims to finance early-stage high-growth, high-return opportunities primarily in the Southeast Minnesota area.
Gopher Angels
About: Gopher Angels is MN's top angel investing network. Founded in 2012, we've invested over $27M in 85 companies across Minnesota and the Midwest.
Thesis: We fund Seed and Series A companies that have a substantial market opportunity, and the team and traction to demonstrate they can achieve it.
We’re industry agnostic, and invest in healthcare and health IT, enterprise and SaaS, food and beverage, medical devices, agtech.
Bread and Butter Ventures
About: Bread and Butter Ventures is an early stage venture capital firm based in Minnesota, the Bread and Butter State, investing globally while leveraging our state and region’s unparalleled access to strong corporate connections, commercial opportunities, and industry expertise for the benefit of our founders.
Sweetspot check size: $ 300K
Thesis: Investing in amazing founders, focusing on several core sectors of the economy: food/ag tech, health tech and enterprise SaaS
Groove Capital
Sweetspot check size: $ 100K
Thesis: Groove Capital is where entrepreneurs in Minnesota go to get their first institutional investment. We partner with great teams, who have demonstrated an ability to execute, with some evidence of a defensible advantage, in a market that is compelling.
TinySeed
About: TinySeed is the first startup accelerator in the ‘independent funding’ space – that space between bootstrapping and venture capital. While not strictly RBI, we are designed for SaaS founders who want to maintain control of their companies and who up until last year, would have bootstrapped due to the lack of relevant funding options.
We have a simple investment philosophy – we make investments in companies with market traction and a demonstrated ability to drive innovation.
Investing is more than a transaction for us – it’s a mutually beneficial relationship. Our initial investment size typically ranges from $500,000 to $5 million, and we’re active in all investment stages – from seed and early stage to growth – of companies operating within North America.
Allianz Life Ventures
About: We invest in innovative technology startups that align with our core business and financial goals.
Thesis: We have a simple investment philosophy – we make investments in companies with market traction and a demonstrated ability to drive innovation. Investing is more than a transaction for us – it’s a mutually beneficial relationship. Our initial investment size typically ranges from $500,000 to $5 million, and we’re active in all investment stages – from seed and early stage to growth – of companies operating within North America.
Vensana Capital
About: Vensana Capital is a venture capital and growth equity investment firm dedicated to partnering with entrepreneurs who seek to transform healthcare with breakthrough innovations in medical technology.
Thesis: Vensana is actively investing in development and commercial stage companies across the medtech sector, including medical devices, diagnostics and data science, drug delivery, digital health, life science tools, and tech-enabled services.
Norwest Equity Partners
About: Norwest Equity Partners (NEP), a Norwest Capital strategy, champions good businesses with a goal of achieving enduring success. NEP seeks to invest in growing and profitable middle-market companies primarily across the business services, consumer products and services, and industrial growth sectors. We help create opportunities and long-term value by finding and fueling what’s working in successful companies to help build them into industry leaders.
Arthur Ventures
About: Arthur Ventures began with a simple goal in mind–to seed and enable growth in their partner companies. They believe in the power of the growth cycle and the positive effect that well-managed businesses can have in society. Arthur works with companies to help solve crucial problems for customers in areas of information technology, life sciences, and clean technology.
Sweetspot check size: $ 5M
Thesis: We lead investments in high-growth B2B software companies located in every region across North America and Western Europe (aside from Silicon Valley).
Sofia Fund
About: Sofia Fund invests in and grows exceptional women-led companies – those with strong leaders and highly compelling business models that are scalable and meet a market need – to maximize returns for investors. Sofia Fund uses a rigorous process for selecting and investing in high-growth opportunities. Its team of professional women angel investors actively manages and supports its portfolio businesses, leveraging deep expertise and broad networks to help women entrepreneurs achieve success.
Thesis: Our focus is on gender-diverse teams with disruptive, scalable business models that use technology to solve real problems.
Capita3
About: Capita3 is building a global financing institution for investing in exceptional women leading game-changing companies. In addition to financial investment, Capita3 focuses on developing startup CEOs to maximize their growth and the company's exit potential. We’re leading the next generation of venture capital, and we’ll set a new standard for how venture financed startups grow and exit.
Brightstone Venture Capital
About: Brightstone Venture Capital is an early-stage, growth-oriented venture capital management firm based in Minneapolis. Since 1985, Brightstone has managed multiple venture partnerships and has made over 100 equity investments into a variety of technology and life-science companies nationwide.
Government Grants and Funding Programs in Minnesota
For startup founders in Minnesota, government grants and funding programs can provide critical financial support to help launch, grow, and scale their businesses. These programs are designed to foster innovation, create jobs, and strengthen the state’s economy by supporting entrepreneurs across various industries. Below is an overview of some key government grants and funding opportunities available to Minnesota startups.
Launch Minnesota Innovation Grants
Launch Minnesota, an initiative by DEED, offers innovation grants to support startups in their early stages. These grants are specifically targeted at high-tech startups and entrepreneurs from underrepresented communities. The program includes:
Business Operations Grants: Up to $35,000 to cover business expenses like R&D, product development, and marketing.
Housing and Childcare Grants: Up to $7,500 to help founders offset personal expenses while building their businesses.
Launch Minnesota also provides access to a statewide network of innovation hubs, mentorship opportunities, and educational resources to help startups succeed.
Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) Programs
Minnesota startups can take advantage of federal SBIR and STTR programs, which provide funding for research and development in technology and innovation. While these are federal programs, DEED offers support to Minnesota startups applying for these grants, including:
Assistance with grant applications.
Workshops and training sessions to improve success rates.
Matching funds for startups that secure SBIR/STTR grants.
These programs are particularly valuable for startups in industries like healthcare, technology, and energy.
Minnesota Job Creation Fund
The Minnesota Job Creation Fund is designed to support businesses that are expanding and creating jobs in the state. While it primarily targets established businesses, startups with plans for rapid growth may also qualify. Key features include:
Grants of up to $1 million for businesses that meet job creation and capital investment requirements.
Priority given to businesses in targeted industries, including technology and manufacturing.
This program can be a great resource for startups planning to scale operations and hire locally.
Angel Tax Credit Program
While not a direct grant, Minnesota’s Angel Tax Credit Program incentivizes investment in early-stage startups by offering tax credits to investors. This program helps startups attract funding from angel investors by reducing the financial risk for investors. Key details include:
A 25% tax credit for qualified investors.
Focus on startups in high-tech, medtech, and other innovative industries.
By leveraging this program, startups can make themselves more attractive to potential investors.
Minnesota Agricultural Growth, Research, and Innovation (AGRI) Program
For startups in the agriculture and food innovation sectors, the AGRI program offers grants to support research, development, and commercialization. This program is particularly relevant for startups working on sustainable agriculture, food production, and agtech solutions. Funding opportunities include:
Grants for value-added agriculture projects.
Support for research and pilot programs in agricultural innovation.
How to Access These Programs
To take advantage of these government grants and funding opportunities, founders should:
Visit the Minnesota DEED website to explore available programs and eligibility requirements.
Attend informational workshops and webinars hosted by DEED and other local organizations.
Work with local Small Business Development Centers (SBDCs) for guidance on applications and business planning.
The Minnesota Startup Ecosystem at a Glance
Minnesota has steadily emerged as a vibrant hub for startups, offering a unique blend of innovation, resources, and community support. While it may not yet rival traditional startup powerhouses like Silicon Valley or New York, Minnesota’s ecosystem is growing rapidly, driven by its strong industries, talented workforce, and collaborative environment.
Key Industries Driving Minnesota’s Startup Growth
Minnesota’s startup ecosystem is anchored by several key industries that have historically thrived in the region. These include:
Healthcare and MedTech: Home to global healthcare giants like Medtronic and the Mayo Clinic, Minnesota has a strong foundation in medical technology and healthcare innovation. Startups in this space benefit from access to world-class research institutions and a network of experienced professionals.
Technology: The tech sector in Minnesota is growing, with startups focusing on software development, artificial intelligence, and fintech. The state’s tech talent pool is expanding, supported by local universities and coding bootcamps.
Food and Agriculture Innovation: Known as the “Breadbasket of America,” Minnesota is a leader in food and agriculture innovation. Startups in this sector are leveraging the state’s agricultural heritage to develop sustainable food solutions and agtech advancements.
Recent Trends in Minnesota’s Startup Ecosystem
The Minnesota startup scene has seen several exciting developments in recent years, including:
Increased Funding Activity: Venture capital investment in Minnesota has been on the rise, with more local and national investors recognizing the potential of startups in the region. According to PitchBook, Minnesota-based startups raised significant funding in 2022 and 2023, particularly in healthcare and technology sectors.
Notable Startup Success Stories: Companies like Bright Health, Arctic Wolf, and Gravie have gained national attention, raising substantial funding and scaling their operations. These success stories are inspiring a new generation of entrepreneurs in the state.
Collaborative Ecosystem: Minnesota’s startup community is known for its collaborative spirit. Organizations like Beta.MN and Twin Cities Startup Week foster connections between founders, investors, and mentors, creating a supportive environment for growth.
Why Minnesota is Attractive for Startups
Minnesota offers several advantages that make it an appealing location for startups:
Strong Talent Pool: The state boasts a highly educated workforce, with top-tier universities like the University of Minnesota producing skilled graduates in engineering, business, and technology. Additionally, Minnesota’s quality of life attracts professionals from across the country.
Supportive Community: Minnesota’s startup ecosystem is built on collaboration and support. Founders can tap into a network of accelerators, incubators, and mentorship programs designed to help startups succeed.
Cost of Living and Business: Compared to coastal hubs, Minnesota offers a lower cost of living and more affordable business operations. This allows startups to stretch their funding further while maintaining a high quality of life for their teams.
Connect With Investors in Minnesota Using Visible
At Visible, we often times compare a fundraise to a B2B sales and marketing funnel. At the top of your funnel, you are finding new investors. In the middle, you are nurturing and pitching potential investors. At the bottom of the funnel, you are working through diligence and ideally closing new investors.
With the introduction of data rooms, you can now manage every aspect of your fundraising funnel with Visible.
Find investors at the top of your funnel with our free investor database, Visible Connect and find a filtered list of Minnesota's investors here.
Track your conversations and move them through your funnel with our Fundraising CRM
Share your pitch deck and monthly updates with potential investors
Organize and share your most vital fundraising documents with data rooms
Manage your fundraise from start to finish with Visible. Give it a free try for 14 days here.

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8 Active Venture Capital Firms in Germany in 2025
At Visible, we oftentimes compare a venture fundraise to a traditional B2B sales and marketing funnel.
At the top of the funnel, you are finding potential investors via cold outreach and warm introductions.
In the middle of the funnel, you are nurturing potential investors with meetings, pitch decks, updates, and other communications.
At the bottom of the funnel, you are working through due diligence and hopefully closing new investors.
Related Resource: All Encompassing Startup Fundraising Guide
A strong sales and marketing funnel starts by identifying the right leads for your business. The same idea is true for founders looking to find investors for their business — find the right investors for your business.
If you are a founder in Germany, check out our list of venture capital investors in your area below:
1. Global Founders Capital
As put by their team, “Global Founders Capital is a globally oriented, stage agnostic venture capital firm that empowers gifted entrepreneurs worldwide.
Global. We support founders in all geographies.
Stage agnostic. We back companies across all stages and throughout the lifecycle.
Operational. Our platform offers founders all the support they need to scale.”
Learn more about Global Founders Capital by checking out their Visible Connect profile →
Location
Global Founders Capital is headquartered in Berlin but they invest in companies across the globe.
Related Resource: 8 Most Active Venture Capital Firms in Europe
Preferred industries
GFC is agnostic in its investment approach and will back companies across many industries.
Portfolio Highlights
Some of Global Founders Capital’s most popular investments include:
Canva
Slack
Delivery Hero
Company Stage
GFC is stage agnostic and will invest in companies across all stages.
2. HV Capital
As put by the team at HV Capital, “Founded in 2000, HV Capital has a deep track record of spotting European winners at seed stage: HV Capital backed the first generation of German billion-dollar businesses. With over € 2.1bn under management, HV Capital has invested in about 225 disruptors from every industry, partnering with them for the long-term and sustained growth that has led to some of the most successful businesses in the German market.
From early stage to growth, HV Capital has the experience to know what makes a leader – which is why HV Capital is the leading all-stage investor in the German market, and one of the leading investors in Europe.”
Learn more about HV Capital by checking out their Visible Connect profile →
Location
HV Capital has offices in Berlin and Munich. HV Capital funds companies across Europe.
Related Resource: Berlin Venture Capital Investors and Accelerators to Know
Preferred industries
HV Capital is agnostic in its investment approach and backs companies across many sectors.
Portfolio Highlights
Some of HV Capital’s most popular investments include:
Delivery Hero
HelloFresh
Tourlane
Company Stage
As put by their team, “HV Capital leads seed rounds from €0.5-5m, growth stage investments of up to €20m, and follow-on investments with up to €100m per company. HV Capital supports companies for 10 years or longer and deploys capital at all growth stages.”
3. High-Tech Grunderfonds
As put by their team, “HTGF is a venture capital investor for innovative technologies and business models. We successfully support the best founders whose ideas can revolutionise entire industries and improve people’s lives – from seed to exit.
As a seed investor, we have financed 700 start-ups in the industrial tech, digital tech, life sciences and chemicals sectors. We have overseen more than 160 exits, including IPOs. When founding your company together with us, you benefit from an experienced partner at your side.”
Learn more about High-Tech Grunderfonds by checking out their Visible Connect profile →
Location
HTGF has offices in Bonn and Berlin and invests in companies that are headquartered in Germany.
Preferred industries
HTGF traditionally invests in companies in the following industries:
Digital tech
Industrial tech
Life sciences
Chemicals
Portfolio Highlights
Some of High-Tech Grunderfonds’ most popular investments include:
4GENE
Anybill
Covalo
Company Stage
HTGF is focused on seed-stage investments
Related Resource: Seed Funding for Startups 101: A Complete Guide
4. Earlybird Venture Capital
As put by their team, “Founded in 1997, Earlybird invests in all development and growth phases of technology companies. Among the most experienced venture investors in Europe, Earlybird offers its portfolio companies not only financial resources but also strategic support plus access to an international network and capital markets.
The Digital West Fund focuses primarily on early stage digital technology opportunities in GSA, Nordics, UK, Benelux, France and Southern Europe, while the Digital East Fund is focused on early stage ICT investment opportunities in Eastern Europe and Turkey, being the leading tech VC in this region. The Health Fund focuses on early and later stage opportunities in digital health, medical devices, diagnostics, enabling technologies and biopharma across Europe. Earlybird-X backs deep tech innovation, including robotics, AI, and mobility, at the earliest stages – tapping into a network of leading European universities.”
Learn more about Earlybird by checking out their Visible Connect profile →
Location
Earlybird has offices in Berlin and Munich and invests in companies across all of Europe.
Preferred industries
Earlybird invests in companies across many sectors and industries depending on the fund.
Related Resource: 10 VC Firms Investing in Web3 Companies
Portfolio Highlights
Some of Earlybird’s most popular investments include:
Hive
ShapeShift
Aiven
Company Stage
Earlybird invests across many stages but is focused on early-stage companies.
5. Point Nine Capital
As put by the team at Point Nine Capital,
“What we do:
We invest mostly at seed (AKA the v0.9 stage). Occasionally we make pre-seed, “Seed II”, or “early Series A” investments.
Our initial ticket size is €0.5-5 million. If you raise a seed round from us,
we commit to participating in your Series A.
We’re geo-agnostic. Europe is our home market, but 20-30% of our investments are in the US, Canada, and other countries.
We obsess about helping you win, and it shows in the numbers: More than 65% of the companies that we back at the seed stage raise a Series A, and more than ten are already at $100M+ ARR (and counting).”
Learn more about Point Nine Capital by checking our their Visible Connect profile →
Location
As put by their team, “We’re geo-agnostic. Europe is our home market, but 20-30% of our investments are in the US, Canada, and other countries.”
Preferred industries
Point Nine Capital is focused on B2B SaaS and Marketplace companies.
Portfolio Highlights
Some of Point Nine Capital’s most popular investments include:
Algolia
Delivery Hero
Loom
Company Stage
As put by their team, “We invest mostly at seed. Occasionally we make pre-seed, “Seed II”, or “early Series A” investments. Our initial ticket size is €0.5-5 million. If you raise a seed round from us, we commit to participating in your Series A.”
6. Cherry Ventures
As put by their team, “Cherry Ventures is an early-stage venture capital firm led by a team of entrepreneurs with experience building fast-scaling companies such as Zalando and Spotify. The firm backs Europe’s boldest founders, usually as their first institutional investor, and supports them in everything from their go-to-market strategy and the scaling of their businesses.”
Learn more about Cherry Ventures by checking out their Visible Connect profile →
Location
Cherry Ventures has an office in Berlin and typically invests in companies across Europe.
Preferred industries
Cherry Ventures invests across all sectors and industries.
Portfolio Highlights
Some of Cherry Ventures’ most popular investments include:
FlixBus
Infarm
Forto
Company Stage
As put by their team, “We invest throughout Europe and in pre-seed and seed-stage startups.”
7. b2venture
As put by their team, “b2venture is an early-stage venture capital firm supported by an unparalleled community of angel investors, bringing unique expertise, entrepreneurial experience, and hands-on support to our portfolio companies.
We draw on the collective power of our angel investor community to help us find and foster unique entrepreneurs, maverick ideas, and outlier companies from all over Europe.
We invest in the pre-seed, seed and across later stages as well.”
Location
b2ventures has offices across Europe and invests in companies across Europe.
Preferred industries
b2ventures is industry agnostic and invests across many sectors and industries.
Related Resource: 17 Travel & Tourism VC Investors that can Fund Your Startup
Portfolio Highlights
Some of b2ventures most popular investments include:
Raisin
Sumup
Ledgy
Company Stage
As put by their team, “b2venture is an early-stage venture capital firm. We invest in companies in the Pre-Seed, Seed, and Series A financing rounds with tickets from EUR 250’000 to EUR 5’000’000. Our average ticket size amounts to EUR 1’000’000. We are prepared to invest significantly in follow-on financing rounds in later stages of your company.”
8. Project A Ventures
As put by their team, “Project A invests in digital companies that challenge the status quo of their industries. With over $1 billion of assets under management, we start with investments of $1 million to $10 million and reserve up to $30 million for future rounds, from pre-seed to Series A and beyond.
In addition to capital, we provide our portfolio companies with exclusive operational support by our team of 120 in-house experts including all areas across product, growth, data and people. Since 2012 Project A has invested in more than 100 companies.”
Learn more about Project A Ventures by checking out their Visible Connect profile →
Location
Project A Ventures has offices in Berlin and London and invests in companies across Europe.
Preferred industries
Project A fund’s digital companies — these can span many industries and business models as shown below:
Portfolio Highlights
Some of Project A’s most popular investments include:
Trade Republic
Kry
Sennder
Company Stage
As put by their team, “We start with investments of $1 million to $10 million and reserve up to $30 million for future rounds, from pre-seed to Series A and beyond.”
Take your fundraising efforts to the next level with Visible
As we mentioned at the beginning of this post, a venture fundraise often mirrors a traditional B2B sales and marketing funnel.
Just as a sales and marketing team has dedicated tools, shouldn’t a founder that is managing their investors and fundraising efforts? Use Visible to manage every part of your fundraising funnel with investor updates, fundraising pipelines, pitch deck sharing, and data rooms.
Raise capital, update investors, and engage your team from a single platform. Try Visible free for 14 days.

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7+ VC Firms Funding the Future of Healthcare in 2025
Venture capital (VC) has become an instrumental force in driving innovation and growth across various industries, and healthcare is no exception. Within the article, we’ll cover venture capital within the healthcare sector, its significance, the healthcare investment landscape, the benefits it brings, and the types of healthcare companies that VCs actively invest in.
The Role of Venture Capital in Healthcare
Venture capital serves as a catalyst for progress in the healthcare industry. By providing funding and expertise to early-stage and high-potential companies, VCs help drive innovation, accelerate research and development, and bridge the gap between groundbreaking ideas and commercial success. With their financial resources and industry knowledge, venture capital firms empower healthcare entrepreneurs to transform their visions into tangible solutions that improve patient care, enhance medical outcomes, and reshape the healthcare landscape.
The Healthcare Investment Landscape
VC firms are actively seek opportunities in a wide range of healthcare sectors, including biotechnology, medical devices, healthcare IT, and healthcare services.
Despite a slight slowdown, venture capital funds managed to raise an impressive amount of nearly $22 billion in 2022, making it the second-largest fundraising year on record. The positive momentum continued into Q1 2023, with the fundraising pace accelerating slightly to $6.8 billion. Notably, early-stage investors showed a preference for seed and Series A investments, indicating their confidence in backing promising startups at the initial stages of their growth journey.
As venture capital funds still have a significant amount of capital yet to be deployed in the healthcare sector, it is expected that top companies will continue to attract investor interest. However, this interest is likely to come with investor-driven valuations, as investors seek to balance risk and returns in an increasingly competitive market. The abundance of available capital presents a unique opportunity for healthcare startups to secure the necessary funding to fuel their growth and innovation.
Although the overall investment pace experienced a slowdown in Q1, with investors navigating macro uncertainty and market downturns, they remained focused on supporting their promising later-stage portfolio companies. This support was evident through insider extensions and bridge rounds, allowing companies to bridge the funding gap and continue their growth trajectory.
Looking ahead to the second half of 2023, there is an expectation of an uptick in larger, outsider-led funding rounds. These rounds may see valuations being adjusted to better reflect market conditions, potentially resulting in down rounds or flat “engineered” rounds that include incentives for new investors.
“CVS is betting big on primary care. Here’s a breakdown of its 5 biggest deals of 2023.
CVS is aggressively investing in and acquiring digital health companies while competitors retrench. We dig into the pharmacy giant’s recent primary care moves.” Anand Sanwal, founder of CBInsights, Newsletter
Benefits of Venture Capital in Healthcare
Venture capital firms play a pivotal role in shaping the future of healthcare by providing critical funding, expertise, and strategic guidance.
Access to Capital
One of the primary advantages of venture capital in healthcare lies in its ability to bridge the funding gap for early-stage companies. Healthcare ventures often require substantial financial resources to advance research, conduct clinical trials, and navigate complex regulatory landscapes.
Expertise and Guidance
Beyond financial support, VC firms bring a wealth of industry knowledge and experience to the table. Seasoned investors offer strategic guidance, mentorship, and operational expertise to healthcare entrepreneurs. Their deep understanding of the sector helps startups refine their business models, overcome regulatory hurdles, and optimize their commercialization strategies. The invaluable insights and advice provided by venture capitalists significantly enhance the chances of success for healthcare ventures.
Validation and Credibility
Securing VC funding serves as a powerful validation for healthcare startups. The rigorous due diligence process conducted by venture capitalists not only validates the viability of the company’s products or services but also enhances its credibility in the eyes of other stakeholders. This validation opens doors to additional funding opportunities, attracts potential partners and customers, and positions the company as a trusted player in the industry. The stamp of approval from venture capitalists acts as a strong endorsement, driving confidence in the startup’s vision and mission.
Network and Partnerships
Venture capital firms possess extensive networks within the healthcare ecosystem, comprising key players such as healthcare providers, pharmaceutical companies, regulatory bodies, and industry experts. By partnering with venture capitalists, startups gain access to these invaluable networks, which can facilitate collaborations, strategic partnerships, and distribution channels. The connections offered by VCs are instrumental in accelerating market adoption, expanding reach, and tapping into new markets. The network effect of venture capital opens up a world of possibilities for healthcare startups to thrive and make a significant impact.
Long-Term Support and Sustainability
Unlike short-term investors or traditional lenders, venture capital firms typically take a long-term view when investing in healthcare companies. They are committed to supporting startups throughout their growth journey, providing follow-on funding rounds as needed. This long-term support ensures the sustainability and continuity of healthcare ventures, enabling them to focus on innovation, research, and achieving long-term objectives. The stability and backing of venture capitalists give healthcare startups the confidence and resources to navigate challenges and pursue ambitious goals.
Types of Healthcare Companies VCs Invest In
Venture capital firms invest in a wide array of healthcare companies, each with its unique value proposition and growth potential. These are some of the top healthcare industries that are attracting VC investment along with some other trending industries as well
Biotech Companies
Biotech companies leverage biological processes and living organisms to develop innovative therapies, diagnostic tools, and research solutions. VCs invest in biotech firms due to the tremendous potential for groundbreaking discoveries, the ability to address unmet medical needs, and the prospects of substantial returns on investment.
Subindustries within Biotech include:
Gene Editing: Companies developing innovative gene editing technologies like CRISPR-Cas9, enabling precise modification of genetic material for potential therapeutic applications.
Immuno-oncology: Companies focusing on immunotherapies that enhance the body’s immune system to target and fight cancer cells, including cellular therapies and immune checkpoint inhibitors.
Precision Medicine: Companies that leverage genomic data and advanced analytics to develop personalized medicine approaches, tailoring treatments to individual patients based on their genetic makeup, biomarkers, and other unique characteristics.
Check out our investor list article, The Top VCs Investing in BioTech.
Medical Device Companies
Medical device companies focus on developing advanced medical technologies and devices that enhance patient care, improve treatment outcomes, and streamline healthcare delivery. These companies often require significant financial backing for research, development, clinical trials, and regulatory approvals. VCs invest in medical device companies to support their growth and innovation in this rapidly evolving sector.
Subindustries within Medical devices include:
Minimally Invasive Surgical Devices: Companies develop innovative medical devices and instruments for minimally invasive surgeries, offering improved patient outcomes, reduced recovery time, and enhanced surgical precision.
Digital Health Monitoring Devices: Companies create wearable devices and remote monitoring technologies, enabling continuous tracking of vital signs, remote patient monitoring, and real-time health data analysis.
Artificial Intelligence (AI) in Medical Imaging: Companies combining AI and medical imaging to improve diagnostic accuracy, automate image analysis, and assist radiologists in interpreting medical images such as X-rays, MRIs, and CT scans are attracting investment.
Healthcare IT Companies
Healthcare IT companies play a vital role in transforming the delivery of healthcare by leveraging technology to address industry challenges and improve overall outcomes. They develop innovative solutions that enhance clinical workflows, optimize administrative tasks, ensure data security and privacy, and facilitate seamless interoperability among various healthcare stakeholders.
They do this through creating software, systems, and platforms that streamline processes, improve patient care, enhance data management, and enable efficient communication within the healthcare ecosystem.
VCs are attracted to companies that bring innovative and disruptive solutions to the industry, leveraging technologies like AI, machine learning, and big data analytics. These solutions have the potential to transform healthcare practices and enhance patient care.
Additionally, companies that focus on cost reduction and operational efficiency by automating tasks and streamlining workflows are interesting to VCs. These companies enable healthcare providers to optimize resources, minimize errors, and achieve cost savings.
VCs also acknowledge the importance of regulatory compliance and data security in the healthcare sector. Companies specializing in robust cybersecurity measures and privacy protection tools are in high demand.
Subindustries within Healthcare IT include:
Telehealth Platforms: Companies developing telehealth platforms, telemedicine apps, and remote patient monitoring solutions to support virtual consultations, remote diagnostics, and remote care delivery.
Health Data Analytics: Companies specializing in advanced data analytics and artificial intelligence to derive insights from healthcare data are receiving investments, supporting population health management, personalized medicine, and improved clinical decision-making.
Cybersecurity and Privacy: Companies focusing on healthcare data security, patient privacy protection, and compliance with regulations such as HIPAA. These companies develop solutions to safeguard electronic health records, secure data sharing, and prevent data breaches.
Healthcare Services Companies
Healthcare services companies encompass a wide range of organizations dedicated to providing essential healthcare services to individuals and communities. These companies, can include hospitals, clinics, nursing homes, home healthcare providers, and diagnostic services.
VCs recognize the increasing demand for healthcare services due to factors such as population aging and rising healthcare needs. Investing in healthcare services companies allows VCs to capitalize on this growing market and generate favorable financial returns.
Moreover, VCs seek out healthcare services companies that bring innovation and differentiation to the industry. Companies that introduce novel care delivery models, leverage technology advancements and enhance patient experiences attract VC investments. By investing in such companies, VCs aim to support the transformation of healthcare services delivery and improve patient outcomes.
Subindustries within Healthcare services companies include:
Digital Health Platforms: Investment is flowing into companies offering comprehensive digital health platforms, integrating electronic health records (EHRs), patient engagement tools, telehealth capabilities, and data analytics to improve care coordination, patient outcomes, and operational efficiency.
Home Healthcare Services: Companies providing innovative home healthcare services, including remote monitoring, virtual consultations, and personalized care delivered in the comfort of patients’ homes, are attracting investment.
Mental Health Services: Investments are being made in companies focusing on digital mental health solutions, such as online therapy platforms, mental health apps, and virtual support networks, to address the increasing demand for accessible and convenient mental healthcare.
6 Venture Capital Firms Investing in Healthcare
Numerous firms are actively investing in healthcare innovation and shaping the future of the industry. Below we’ll explore six notable venture capital firms that have made significant contributions to the healthcare sector. These VCs bring a wealth of experience, expertise, and financial resources to support the growth and success of healthcare startups and companies. Their strategic investments have helped drive advancements in biotechnology, medical devices, healthcare IT, and healthcare services, propelling the industry forward and improving patient care.
1. Felicis Ventures
Felicis Ventures is a boutique VC firm that backs iconic companies reinventing existing markets and creating frontier technologies. At Felicis Ventures we back the world’s iconic companies of today and tomorrow. We have a passion for products and out-of-the-box thinking.
Company Stage: Seed, Series A, Series B, Growth
Location: Menlo Park, California, United States
Portfolio Highlights
Guild
Predibase
Operant
2. New Enterprise Associates
New Enterprise Associates is a global venture capital firm investing in technology and healthcare. NEA’s proven investment strategy spans all stages of a company’s growth, from seeding innovations in emerging markets to funding early-stage companies in high-growth markets to fueling the growth of market leaders. Any stage of growth is the right stage to partner with NEA. We can add value and offer expert guidance throughout your company’s lifecycle—whether your big idea is at its inception or has already progressed to be a viable reality.
Company Stage: Pre-Seed, Seed, Series A, Series B, Series C, Growth
Location: Menlo Park, California, United States
Portfolio Highlights
PixieBrix
Regression Games
Timescale
3. BoxGroup
Investing in dreams at the earliest stage with companies like Plaid, Airtable, Ro, Ramp, and many more.
We support companies based on conviction in the team. We believe in “founder market fit” – the concept that certain teams are able to unlock specific markets. This is the first step to get to “product market fit.” Ideas tend not to be equal opportunity which means that it requires the right team to bring a vision to life.
Company Stage: Pre-Seed, Seed, Series A
Location: New York, United States
Portfolio Highlights
Plaid
Airtable
Ramp
4. SV Health Investors
SV Health Investors, formerly SV Life Sciences, is a leading healthcare and life sciences venture capital and growth equity firm. Their goal is to transform healthcare – one investment at a time – by supporting the entrepreneurs who create and build breakthrough companies and treatments. In biotechnology, we are venture-focused. In healthcare services and digital health, we seek growth equity opportunities. In medical devices, we pursue a range of opportunities from early stage/venture-focused to early commercialization to growth equity.
Company Stage: Pre-Seed, Seed, Series A, Series B, Growth
Location: Boston, Massachusetts, United States
Portfolio Highlights
Therini Bio
Nimbus Therapeutics
Quell Therapeutics
5. Elevate Capital
For some populations, there is a noticeable gap in gaining access to investment capital. These aspiring entrepreneurs are both underserved and overlooked, yet they have the courage and vision it takes to start and scale a business. At Elevate Capital, we believe there is a tremendous opportunity to invest early and offer mentorship to these entrepreneurs. We provide the venture capital and guidance they need to turn their startups into great companies.
Elevate Capital is the nation’s first institutional venture capital fund that specifically targets investments in underserved entrepreneurs—such as women and ethnic minorities, or those with limited access regionally to capital and opportunities. We support visionaries with disruptive ideas and products through two specialized investment vehicles.
Company Stage: Pre-Seed, Seed, Series A
Location: Portland, Oregon, United States
Portfolio Highlights
TrovaTrip
The Bacon
HacWare
6. StandUp Ventures
StandUp Ventures is a Toronto-based, seed-stage venture capital fund focused on investing in high-growth ventures with at least one female founder in a key leadership role. We believe that women-led companies think outside the box, recruit great talent, and serve bigger markets. We invest in seed-stage, for-profit technology companies with at least one woman in a C-level leadership position within the company and an equitable amount of ownership.
We’re dedicated to curious, confident, and fearless entrepreneurs building ground-breaking technology companies. We partner with ambitious founders across Canada to break through from Seed to Series A.
Company Stage: Seed
Location: Toronto, Canada
Portfolio Highlights
ODAIA
Acerta Analytics
TealBook
7. Civilization Ventures
Civilization Ventures is a venture capital firm focused on cutting edge innovations in exponential health tech and biology.
Company Stage: Seed, Series A, Series B
Location: San Francisco, California, United States
Portfolio Highlights
Foresight Diagnostics
Evonetix
Infinimmune
Partner With VCs Investing In The Future of Healthcare with Visible
Venture capital has emerged as a powerful catalyst for progress in the healthcare industry. By bridging the funding gap, providing expertise, and fostering innovation, VCs enable healthcare startups to thrive and create transformative solutions.
Funding not only drives financial success but also cultivates a future where patient care is enhanced, medical outcomes are improved, and the boundaries of what is possible in healthcare are continually pushed.
Check out Visible’s investor database, Connect, to find VCs investing specifically within the healthcare space.
Also here are two more of our list articles,
10+ Founder Friendly Venture Capital Firms Investing in Startups
The 12 Best VC Funds You Should Know About
Companies should leverage VCs expertise and resources to accelerate their growth, navigate regulatory challenges, and scale their impact.
Also, get access to Visible for free for 14 days: https://app.visible.vc/create-account

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15 Venture Capital Firms Investing in VR in 2025
The Extended reality (XR) industry which includes Agumentented Reality (AR), Virtual reality (VR), and mixed reality (MR) is changing the way we experience the world by creating an immersive experience in a virtual world (VR) or merging the real and virtual worlds together (AR).
Immersive technologies has become a focus for some of the largest tech companies and investors alike thanks to rapid advancements of AR and VR technology, increased popularity within gaming, and new innovations such as the introduction of the metaverse. These technologies are also now being developed for a wide range of uses, such as industrial, communication, training exercises, and gaming.
Statista forcasted the global AR, VR, and mixed reality (MR) market to reach 30.7 billion U.S. dollars in 2021, rising to close to 300 billion U.S. dollars by 2024.
There’s never been a better time for AR and VR, spiking the interest of startups as well as investors looking to take advantage of the market.
Visible looks to help connect founders with investors all over the world. Below, we highlight 15 of our favorite AR/VR venture capitalists. Search through these investors and 13,000+ more on Visible’s Connect platform.
Related Resource: 14 Gaming and Esports Investors You Should Know
Bloomberg Beta
Location: San Fransisco & New York City, California, United States
About: Invests in powerful ideas that bring transparency to markets, achieve global scale, with strong, open cultures that embrace technology.
Thesis: We believe work must be more productive, fulfilling, inclusive, and available to as many people as possible. Our waking hours must engage the best in us and provide for our needs and wants — and the world we live in too often fails to offer that. We believe technology startups play an essential role in delivering a better future. We can speed the arrival of that future by investing in the best startups that share these intentions.
Investment Stages: Pre-Seed, Seed, Early Stage
Recent Investments:
Fiddler AI
Chef Robotics
Weights and Biases
Tonic
Ware
Related Resource: The 11 Best Venture Capitals in San Francisco
Dune Ventures
Location: New York, New York, United States
About: An early stage venture firm backing the founders shaping interactive content.
Thesis: Dune Ventures: a new early stage venture firm investing in gaming, esports, and interactive technology. We invest globally and back founders building content studios, social platforms and infrastructure that will define the next generation of entertainment.
Investment Stages: Pre-Seed, Seed, Series A, Series B
Recent Investments:
Starform
Ramen VR
Medal
DreamCraft
IndiGG
HCVC
Location: San Francisco, California, United States
About: HCVC is the first global venture capital fund dedicated to full-stack and hardtech startups.
Thesis: We are looking for outstanding founders, building game-changing products or technologies and targeting large potential markets
Investment Stages: Pre-Seed, Seed, Series A
Recent Investments:
Anello Photonics
Augmenta
Giraffe360
Span
Full Speed Automation
Intel Capital
Location: Santa Clara, California, United States
About: Intel Capital is a force multiplier for early-stage startups – inspiring and investing in the future of compute via investments in Cloud, Silicon, Devices, and Frontier.
Investment Stages: Pre-Seed, Seed, Series A, Series B, Growth
Recent Investments:
3D Glass Solutions
Grip Security
Landing AI
Astera Labs
Untether AI
7 Percent Ventures
Location: London, England, United Kingdom
About: Early stage tech investing in UK, EU & US. Seeking the most ambitious founders with deeptech or transformative moonshot ideas to change the world for the better
Thesis: We invest in early stage tech startups which represent billion dollar opportunities.
Investment Stages: Pre-Seed, Seed, Series A
Recent Investments:
Vauban
Dent Reality
Breeze
Humanity
Safely You
Related Resource: 15 Venture Capital Firms in London Fueling Startup Growth
Type One Ventures
Location: Los Angeles, California, United States
About: We are a venture capital fund investing in Seed and Series A startups with operational expertise, capital, and industry resources. The startups we invest in have dynamic teams and are building technical products with the capability to progress humanity forward. At Type One, we help founders harness their superpowers so they can change the world.
Thesis: Progressing humanity towards a type one civilization
Investment Stages: Pre-Seed, Seed, Series A, Growth
Recent Investments:
Emerge
RoboTire
Emerge
Gravitics
Radian
GFR Fund
Location: San Francisco, California, United States
About: GFR Fund is a venture capital fund that invests in early-stage startups that are disrupting the consumer entertainment industry
Investment Stages: Pre-Seed, Seed, Series A
Recent Investments:
Phiar Technologies
Omeda Studios
ProGuides
Boost VC
Location: San Mateo, California, United States
About: Boost VC is a family of founders making Sci-Fi a Reality. Twice a year Boost VC invests in 20+ startups. The three month accelerator program includes housing and office space in Silicon Valley. Portfolio consists of 150+ companies, who have raised over $200M after joining Boost VC.
Investment Stages: Accelerator, Pre-Seed, Seed, Series A
Recent Investments:
FitXR
Alta
Sidequest
JigSpace
Giblib
Tvori
Tribe
WXR Fund
Location: Marina del Rey, California, United States
About: The WXR Fund invests in gender diverse seed stage companies that are transforming business and human interaction with spatial computing (VR/AR) and artificial intelligence (AI). We are the only venture firm at the intersection of the next wave of computing and female founders.
Thesis: The WXR Fund invests in two of the greatest opportunities of our time: the next wave of computing + female entrepreneurs.
Investment Stages: Accelerator, Pre-Seed, Seed
Recent Investments:
Obsess
mpathic.ai
Scatter
Prisms of Reality
Embodied Labs
The Venture Reality Fund
Location: San Francisco, California, United States
About: The Venture Reality Fund drives innovation and investment at the intersection of immersive, spatial, and intelligent computing for consumer and enterprise sectors
Thesis: Investing in Early Stage VR and AR Startups
Investment Stages: Series A, Series B
Recent Investments:
Phiar Technologies
Obsess
Doorstead
Lux Capital
Location: Silicon Valley, California, United States
About: VC based in NYC and Menlo Park investing in counter-conventional, early-stage science and tech ventures, with $2.4B AUM across 8 funds.
Thesis: Lux Capital invests in emerging science and technology ventures at the outermost edges of what is possible.
Investment Stages: Seed, Series A, Series B
Recent Investments:
Runway
Clarafi
A-Alpha Bio
Benchling
Plexium
OCA Ventures
Location: Chicago, Illinois, United States
About: OCA Ventures is a venture capital firm focused on equity investments in companies with dramatic growth potential, primarily in technology
Investment Stages: Seed, Series A, Series B
Recent Investments:
GrayMatter Robotics
Balto
Osso VR
Placer.ai
VeriSIM Life
Ludlow Ventures
Location: text
About: VC is a customer service business. Whether it’s testing product, pushing pixels, leveraging our network, or forcing people to download your app, we’re here to help. You make our dream jobs possible and we’re forever thankful for that.
Thesis: We believe in VC without ego. We invest with insane conviction and love backing the right teams when others think it’s too early.
Investment Stages: Seed, Series A
Recent Investments:
Point One Navigation
Headout
Notarize
Lev
Density
Craft Ventures
Location: San Francisco, California, United States
About: Craft Ventures is an early-stage venture fund specializing in the craft of building great companies.
Thesis: We invest in outstanding teams that are creating market-defining products.
Investment Stages: Seed, Series A, Series B
Recent Investments:
Trusted
AgentSync
TryNow
Voiceflow
ClickUp
Creandum
Location: Stockholm, Stockholms Lan, United States
About: Creandum is a leading European early-stage venture capital firm investing in innovative and fast-growing technology companies.
Thesis: We are a venture capital advisory firm powering innovation from Stockholm, Berlin, and San Francisco.
Investment Stages: Pre-Seed, Seed, Series A, Series B
Recent Investments:
Lokalise
Pleo
Meditopia
Seon
Craft Docs
Related Resource: Atlanta’s Hottest Venture Capital Firms: Our Top 9 Picks
Start Your Next Round with Visible
We believe great outcomes happen when founders forge relationships with investors and potential investors. We created our Connect Investor Database to help you in the first step of this journey.
Instead of wasting time trying to figure out investor fit and profile for their given stage and industry, we created filters allowing you to find VC’s and accelerators who are looking to invest in companies like you. Check out all our AR/ VR investors here.
After learning more about them with the profile information and resources given you can reach out to them with a tailored email. To help craft that first email check out 5 Strategies for Cold Emailing Potential Investors.
After finding the right Investor you can create a personalized investor database with Visible. Combine qualified investors from Visible Connect with your own investor lists to share targeted Updates, decks, and dashboards. Start your free trial here.

founders
Product Updates
A More Personalized & Scalable Navigation
At Visible, our mission is to equip founders and investors to thrive. Our platform has evolved significantly over the past few years—from a simple investor update solution to a comprehensive suite of offerings for founders and investors alike, including, but not limited to data rooms, pitch decks, fundraising pipelines, portfolio monitoring, insights, AI-powered tools, and LP reporting.
We’re rolling out a major update to Visible’s navigation to support our evolving platform on Tuesday, March 18th. The new navigation is designed to enhance accessibility, improve efficiency, and scale with you.
A More Personalized Experience
With this update, we’re making navigation more intuitive and scalable by introducing Favorites — a feature that allows you to save the items you use most frequently, ensuring they’re always at your fingertips. These favorites are personalized to each individual user, making it easier than ever to jump straight into what’s most relevant to you.
Company-Wide Consistency
In addition to personalized favorites, we’re keeping pins at the index level, ensuring that key sections remain accessible to everyone in your company or fund. This balance of personalization and consistency means that while individuals can customize their experience, teams can still align on shared priorities and workflows.
Organizing the Sidebar by Use Case
To further streamline navigation, we are now organizing the sidebar by use case, grouping related features together to make it easier to find what you need. Whether you are managing your fundraising pipeline, tracking portfolio performance, or preparing LP reports, the new sidebar structure helps guide you to the right tools efficiently. This update reflects our commitment to providing a more intuitive and user-friendly experience.
Built for Scale
As we continue to build new tools and capabilities, our updated navigation is designed to scale with us—making it easier to introduce new features while keeping your experience seamless and intuitive.
What’s Next?
This navigation update is just one step in our journey to making Visible the best platform for private market participants. We’re committed to continuously improving the experience for our users, and we’d love to hear your feedback.
Check out the new navigation in your account starting March 18th!

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Y Combinator Investment Memo Template
Raise capital, update investors and engage your team from Visible. Use the YC Investment Memo Template to get started.
Memos are a clear and concise document to lay out strategic vision, rationale, and expectations (in case you missed it, we wrote about the importance of memos earlier this week). We found the Y Combinator Investment Memo to be particularly interesting.
The YC Investment Memo
Memos have been something that most of us likely associate with VC funds writing for a prospective investment. The YC memo flips this idea on its head. In the YC Series A Guide, they share an investment memo template aimed towards founders. YC suggests sending your memo to investors in advance of a meeting to set the tone for the conversation. The idea is that by articulating your own memo, you can:
“Clarify your own company’s pitch and story”
“Incept your vision of the memo into their (potential VCs) brains.”
To give you an idea of what a memo may look like, we turned it into a Visible Update Template.
Pitch Deck vs. Memo
Using a memo to power a fundraise is an interesting idea. As YC suggests, founders that are strong writers may benefit from using a memo. The pitch deck has always been the go-to form for sharing data but Billy Gallagher of Rippling makes the case for using a memo in tandem.
Billy Gallagher shares a few key advantages to a memo that we’ve summarized below:
It is standalone — By sending a memo in advance you do not have to worry about the investors missing any context. Investors will be able to read and digest the memo on their own. Opposed to a pitch deck that may require a pitch and narrative around different components.
Less time — A memo will allow investors to quickly pass or take the next meeting. This way you can spend time on the firms that are truly interested.
Helps GP Pitch — At the end of a process a GP will have to pitch their other partners on why their fund should make an investment. By writing your own memo, it will make sure that the GP is properly presenting your company and idea to their peers.
We are not suggesting that every company suddenly start sending memos to kickoff an investor meeting. However, there are clear advantages and an interesting tool that more founders should study. If a memo sounds like a good fit for you and your company, give it a shot!
If you’re interested in learning more fundraising tips, be sure to subscribe to our weekly Founders Forward Newsletter.

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Top VCs in Australia: A Guide for Startup Founders Actively Fundraising
Australia’s startup ecosystem is thriving, with innovation hubs across the country and a growing number of venture capital firms fueling the next wave of entrepreneurial success. For founders looking to scale their businesses, securing the right investment partner is critical.
Whether you’re building a fintech company in Sydney, a climate tech startup in Melbourne, or an agri-food innovation in Brisbane, understanding the top venture capital firms in Australia can help you find the perfect match for your vision.
This guide highlights some of the country's leading VCs, their investment thesis, and the resources they offer to help founders turn their ideas into global success stories.
Top VCs in Australia
Flying Fox Ventures
About- Early stage capital propelling Australian & New Zealand companies across the globe
Sweetspot check size- $ 500K
Thesis- Australian early stage companies, industry agnostic
Macdoch Ventures
About- Macdoch Ventures is a private Sydney-based venture firm helping startups with financing, business development and other strategic advice.
Sweetspot check size- $ 500K
Thesis- Supporting Australian and New Zealand companies to launch globally, right at the beginning.
Melt Ventures
Thesis- Creating Hard Things. Melt Ventures believes hardware is the new software. We provide capital, expertise and advice to advanced manufacturing focused Australian startups with global ambitions.
No Brand
About- No Brand is a private investment company focussed on opportunities empowered by technology. Our focus is on backing mission driven leaders, who are building for a long term horizon and benefit from online platforms, community or network effects.
Sweetspot check size- $ 500K
Watkins Bay
About- Watkins Bay assist Founders and Entrepreneurs realise their dreams by providing all the help they need too succeed, specialising in Go To Market for Hypergrowth .
Sweetspot check size- $ 500K
Traction metrics requirements- 20% CGMR
Tenacious Ventures
About- Tenacious Ventures is a venture capital firm that supports early-stage agri-food innovators.
Sweetspot check size- $ 750K
Thesis- We are a high conviction, low-volume, high-support early stage investor in agri-food innovation.
Grok Ventures
About- Grok Ventures is a private investment company. They back world-class teams solving big problems to shape a better future. They invest in fast growing technology-enabled businesses.
AirTree Ventures
About- AirTree Ventures is a group of experienced investors and entrepreneurs based in Sydney.
Reinventure
About- Reinventure makes investments from seed through to Series A, alongside Westpac Banking Corporation as a primary LP.
Sweetspot check size- $ 3M
Main Sequence Ventures
About- Backing the world's most ambitious founders who leverage public research to build the next set of global industries.
Artesian
About- Full stack VC firm offering end-to-end venture capital platform for startups at seed, angel & growth stages in Australia, China, ASEAN.
Government Support and Grants for Startups in Australia
In 2025, the Australian government continues to play a pivotal role in fostering innovation and supporting startups through a variety of grants, tax incentives, and funding programs. These initiatives aim to boost economic growth, encourage technological advancements, and position Australia as a global leader in emerging industries.
Key Government Grants and Programs
Research and Development (R&D) Tax Incentive
The R&D Tax Incentive offers a refundable tax offset of up to 43.5% for eligible R&D activities. This program is particularly beneficial for early-stage startups investing in experimental research and innovation.
Eligibility: Companies incorporated in Australia conducting qualifying R&D activities.
Industry Growth Program
This program supports startups with grants ranging from $50,000 to $5 million for early-stage commercialization and growth projects. It focuses on priority areas such as renewable energy, medical science, and advanced manufacturing.
Eligibility: SMEs with innovative projects aligned with the National
CSIRO Kick-Start Program
The CSIRO Kick-Start Program provides matched funding of $10,000 to $50,000 for startups to undertake research, develop new products, or test innovative ideas.
Eligibility: Startups registered in Australia for less than three years with annual revenue under $1.5 million.
Export Market Development Grant (EMDG)
This grant supports startups looking to expand into international markets by covering promotional expenses such as marketing, travel, and intellectual property protection. Businesses can receive up to $770,000 in funding.
Eligibility: Startups with annual revenue under $20 million and a focus on exporting goods or services.
Boosting Female Founders Initiative
This initiative provides grants of up to $480,000 to female-led startups to help them scale and commercialize innovative businesses.
Eligibility: Startups with at least 50% female ownership or a female co-founder.
Landing Pads Program
This program offers startups a 90-day residency in one of five global innovation hubs (e.g., San Francisco, Berlin, Singapore) to help them access international markets and investors.
Eligibility: Startups with a market-ready product or service.
Government Priorities and Focus Areas
The Australian government has aligned its funding programs with national priorities, including:
Renewable Energy and Sustainability: The government is heavily investing in clean energy and low-emission technologies to address climate change and meet its net-zero emissions targets by 2050. Programs like the Industry Growth Program and the Clean Energy Innovation Fund provide grants and funding to startups working on renewable energy solutions, energy storage, and carbon capture technologies.
Health and Medical Science: The government is prioritizing funding for startups innovating in personalized healthcare, medical devices, and biotechnology. Programs like the Biomedical Translation Fund (BTF) and the Medical Research Future Fund (MRFF) provide financial support to startups advancing medical research and commercializing healthcare solutions.
Advanced Manufacturing: Advanced manufacturing is a critical focus area, with grants supporting startups that enhance Australia’s capabilities in defense, aerospace, and space technologies. Programs like the Modern Manufacturing Initiative (MMI) and the Space Infrastructure Fund provide funding for projects that drive innovation in high-tech manufacturing.
The Australian Startup Ecosystem: Regional Startup Hubs
Australia’s startup ecosystem is no longer confined to Sydney and Melbourne. Regional hubs across the country are emerging as vibrant centers of innovation, offering unique opportunities for founders. Each city brings its own strengths, resources, and focus areas, making it essential for founders to choose a location that aligns with their startup’s goals. Here’s a detailed look at the major startup hubs in Australia:
Sydney: Australia’s Startup Capital
Overview: Sydney is home to the largest startup ecosystem in Australia, valued at USD $72 billion. It boasts over 2,000 active startups and is ranked among the top 25 global startup ecosystems.
Key Resources:
Sydney Startup Hub: The largest startup hub in the Southern Hemisphere, offering 17,000 sqm of coworking spaces, accelerators like Fishburners and Stone & Chalk, and corporate innovation labs.
Focus Areas: Fintech, cleantech, medtech, and AI.
Why Choose Sydney: With access to top-tier investors, a strong talent pool, and global connections, Sydney is ideal for startups aiming for rapid growth and international expansion.
Melbourne: A Hub for Innovation and Creativity
Overview: Melbourne’s startup ecosystem is valued at USD $26.5 billion and is known for its vibrant tech community and focus on creative industries.
Key Resources:
LaunchVic: A government initiative supporting startups with funding, mentoring, and networking opportunities.
Melbourne Accelerator Program (MAP): Offers equity-free funding, coworking spaces, and masterclasses for early-stage startups.
Focus Areas: Edtech, gaming, cybersecurity, and fintech.
Why Choose Melbourne: With a strong emphasis on innovation and a high quality of life, Melbourne is perfect for startups in creative and tech-driven industries.
Brisbane: A Rising Star in the Startup Scene
Overview: Brisbane’s startup ecosystem has grown rapidly, creating $10.8 billion in value between 2021 and 2023. It is ranked among the top 40 emerging ecosystems globally.
Key Resources:
The Precinct: A dynamic innovation hub housing startups, investors, and accelerators like River City Labs.
Advance Queensland: A government program providing grants and support for innovative projects.
Focus Areas: Fintech, biotech, and AI.
Why Choose Brisbane: With a supportive government and a growing talent pool, Brisbane is ideal for startups looking to scale in emerging industries.
Adelaide: A Leader in Space and Defense Tech
Overview: Adelaide is gaining recognition for its focus on space and defense technologies, supported by the Australian Space Agency.
Key Resources:
Lot Fourteen: A seven-hectare innovation precinct housing startups in AI, robotics, and space tech.
Focus Areas: Space tech, defense, and advanced manufacturing.
Why Choose Adelaide: For startups in high-tech industries, Adelaide offers access to cutting-edge research facilities and government support.
Perth: Innovation in Mining and Resources
Overview: Perth is a hub for startups in the mining and resources sectors, leveraging its proximity to Australia’s largest mining operations.
Key Resources:
Spacecubed: A coworking and innovation space offering accelerator programs like Plus Eight.
Focus Areas: Mining tech, energy, and sustainability.
Why Choose Perth: With a focus on resource innovation, Perth is ideal for startups in mining and energy technologies.
Canberra: A Hub for Research and Collaboration
Overview: Canberra’s startup ecosystem is built around its strong research institutions and government connections.
Key Resources:
Canberra Innovation Network (CBRIN): Provides coworking spaces, accelerators, and access to research institutions like CSIRO and ANU.
Focus Areas: Cybersecurity, defense, and public sector innovation.
Why Choose Canberra: For startups in research-intensive industries, Canberra offers unparalleled access to academic and government resources.
Connect With Investors in Australia Using Visible
At Visible, we often times compare a fundraise to a B2B sales and marketing funnel. At the top of your funnel, you are finding new investors. In the middle, you are nurturing and pitching potential investors. At the bottom of the funnel, you are working through diligence and ideally closing new investors.
With the introduction of data rooms, you can now manage every aspect of your fundraising funnel with Visible.
Find investors at the top of your funnel with our free investor database, Visible Connect and find a filtered list of Australia's investors here.
Track your conversations and move them through your funnel with our Fundraising CRM
Share your pitch deck and monthly updates with potential investors
Organize and share your most vital fundraising documents with data rooms
Manage your fundraise from start to finish with Visible. Give it a free try for 14 days here.

founders
Fundraising
Exploring the Growing Venture Capital Scene in Japan in 2025
Fundraising is difficult. Building a process and system to attract and close investors can help move a fundraise along. At Visible, we often compare a venture fundraise process to a traditional B2B sales and marketing funnel.
At the top of a fundraising funnel, you need to find the right investors for your business. Like identifying a qualified lead for sales and marketing, you need to define the investor that is a fit for your business.
In the middle of the fundraising funnel, you need to nurture potential investors with meetings, emails, pitch decks, and more.
At the bottom of the fundraising funnel, you are ideally closing new investors and delighting them with regular communication.
Related Resource: A Quick Overview on VC Fund Structure
In order to help you find the best investors for the top of your fundraising funnel, we created an investor database, Visible Connect.
If you’re a founder located in Japan, check out our list of investors using Connect below:
1. Genesia Ventures
As put by the team at Genesia Ventures, “It would be no exaggeration to say that the world has entered a new era through digital technologies, and startups have played and are still playing pivotal roles in this game-changing transformation. The large industries and social infrastructure that have thus far led the world are on the brink of new development through the disruptive potential of the digital sphere. Simultaneously, developed regions are establishing new industries through a digital infrastructure that is not dependent on traditional modalities or assets.
Through seed and early-stage investment in startups, we believe we can help achieve a thriving society heralded by digital technology, and we are committed to supporting these startups and accelerating their growth, ushering in a world in which everyone can create wealth and has equal opportunities.”
Learn more about Genesia Ventures by checking out their Visible Connect profile →
Location
Genesia Ventures has offices in Japan, Indonesia, and Vietnam. They invest in companies across Southeast Asia and Japan.
Portfolio Highlights
Some of Genesia Ventures’ most popular investments include:
Nudge
Activaid
Airboxr
Investment Focus
Genesia is focused on seed-stage and early-stage investments.
Related Resource: The Understandable Guide to Startup Funding Stages
2. Global Brain
As put by their team, “Global Brain’s mission is to “bring unimaginable innovation into society through business creation.” Our surrounding environment is significantly changing due to global risks including extremely intense global competition, pandemics, and global warming. We believe that in such a time of uncertainty lies the greatest opportunity.
The power of startups is vital to overcome unprecedented situations. The global economy is now largely led by many companies created right after the financial crisis.”
Learn more about Global Brain by checking out their Visible Connect profile →
Location
Global Brain has an office in Tokyo and 9 other office locations across the globe.
Portfolio Highlights
Some of Global Brain’s most popular investments include:
Base Food
August
Fluently
Investment Focus
Global Brain invests in companies across all stages and all industries.
3. Monozukuri Ventures
As put by their team, “Monozukuri Ventures is a venture capital firm based in Japan and North America specializing in hard tech. In addition to the investment, we have a dedicated team to support hardware prototyping, mass production, and business development. We aim to create a world where entrepreneurs and startups can quickly produce and sell high-quality products, even in small quantities.
Our mission is to help the world’s entrepreneurs rapidly deliver high-quality products to the market, regardless of production volume. As a global ecosystem contributor, we provide founders with essential resources such as investment, mentorship, prototyping know-how, manufacturing expertise and community support.”
Learn more about Monozukuri Ventures by checking out their Visible Connect profile →
Location
Monozukuri Ventures has offices in Japan and North America and invests in companies in Japan and the US.
Portfolio Highlights
Some of Monozukuri Ventures’ most popular investments include:
Mira
Sembient
HiberSense
Investment Focus
Monozukuri Ventures invests across all stages and primarily funds companies building hard tech.
4. D4V (Design for Ventures)
As put by the team at D4V, “We help startups deliver not only financial returns but also positive impact on the world. Our work aims to support and strengthen the culture of entrepreneurship in Japan and beyond, accelerating the growth of a more entrepreneurial economy.”
Learn more about Design For Ventures by checking out their Visible Connect profile →
Location
D4V is located in Tokyo and primarily invests in entrepreneurs and companies located in Japan.
Portfolio Highlights
Some of D4Vs most popular investments include:
Cinnamon AI
HOMMA
Nudge
Investment Focus
D4V is focused on early-stage investments. Some of the markets and verticals that they are focused on include:
Digital Disruption and Industry Transformation
New Lifestyles and Cultures
Financial Tools and Wellbeing
Lifelong Learning and Empowerment
Personal and Public Health
5. Benhamou Global Ventures
As put by their team, “BGV is an early-stage venture capital firm focused on global Enterprise 4.0 technology innovation. The partners at BGV drove successive waves of enterprise technology disruption in Silicon Valley and have years of company-building experience.
Founded by Eric Benhamou, former chairman and CEO of 3Com, Palm and co-founder of Bridge Communications, BGV is comprised of global operating executives and investors, and is often the first and most active institutional investor in its portfolio companies.”
Learn more about BGV by checking out their Visible Connect profile →
Location
BGV has offices across the globe and invests in companies across the globe. BGV has an office in Kyoto.
Portfolio Highlights
Some of BGV’s most popular investments include:
Kardinal
Everest Labs
Anch.ai
Investment Focus
BGV is focused on early-stage investments and specializes in “Enterprise 4.0 companies.”
As put by their team, “Enterprise 4.0 refers to a new wave of B2B startups that combine artificial intelligence, intelligent automation and proprietary access to data to deliver actionable insights for enterprise businesses. These disruptive startups provide full stack solutions in the form of hyper-niche vertical solutions, programmable cloud infrastructure or cloud-native security innovations to generate immediate business value and significant ROI improvements for their customers.”
Related Resource: How AI Can Support Startups & Investors + VCs Investing in AI
6. Sozo Ventures
As put by their team, “Sozo Ventures was formed in 2012 to invest in and support technology-enabled ventures with their global expansion. We invest in category leaders transforming global industries with advanced data technologies, ecommerce, enterprise cloud, fintech, IoT and healthcare IT, and other advanced solutions.
We are structured to connect the most ambitious entrepreneurial teams with the world’s most advanced and respected customers and distributors. We are at our best when we can share our expertise well before expansion strategies are set.”
Learn more about Sozo Ventures by checking out their Visible Connect profile →
Location
Sozo Ventures has office locations in Tokyo and Redwood City, CA. Sozo invests in companies across the globe.
Portfolio Highlights
Some of Sozo’s most popular investments include:
Zoom
Twitter
Coinbase
Investment Focus
As put by the team at Sozo, “We look for companies that are at the ‘Readiness’ Stage – a term coined internally that details companies that have a strong management team and culture, stable long-term investors, credible and recognizable customers and traction, and appropriate organizational structures for target international customers. Readiness is achieved by different businesses at different stages – and Sozo is set up to be a long-term flexible supporter of companies that we partner.”
7. Beenext
As put by the team at Beenext, “We don’t just invest in startups, we get ‘invested in them. BEENEXT is a partnership of the founders, by the founders, and for the founders. When a founder partners with us, it partners with the entire BEENEXT community. We provide an opportunity for co-creation, inclusive growth, knowledge-exchange, mentorship and capital support.”
Learn more about Beenext by checking out their Visible Connect profile →
Location
Beenext has an office in Singapore but invests in companies in Japan, Southeast Asia, India, and the US.
Portfolio Highlights
Some of Beenext’s most popular investments include:
AngelList
SixSense
Wellthy
Investment Focus
Beenext invests in companies across the globe and across many sectors and industries.
Looking for Investors? Try Visible Today!
As we mentioned at the beginning of this post, a venture fundraise often mirrors a traditional B2B sales and marketing funnel.
Just as a sales and marketing team has dedicated tools, shouldn’t a founder that is managing their investors and fundraising efforts? Use Visible to manage every part of your fundraising funnel with investor updates, fundraising pipelines, pitch deck sharing, and data rooms.
Raise capital, update investors, and engage your team from a single platform. Try Visible free for 14 days.
Related Resource: Private Equity vs Venture Capital: Critical Differences

founders
Operations
Fundraising
10 Top Incubators for Startups in 2025
Navigating the early stages of a startup can be challenging, and finding the right support can make all the difference. In this article, we’ll explore when your startup should consider joining an incubator, how to choose the one that best suits your needs, and highlight the top 10 incubators for 2024. From industry-specific guidance to critical funding opportunities, these incubators offer the resources, mentorship, and connections to help your startup thrive. Whether you're just starting or looking to scale, this guide will help you decide on the right incubator for your journey.
Related resource: The Top 16 Accelerators Powering Startup Growth
When Should a Startup Consider an Incubator?
A startup should consider joining an incubator when it has a solid idea or prototype but lacks the resources, guidance, and network to move forward. Incubators are particularly beneficial during the early stages of a startup, where founders might need help refining their business model, validating their product-market fit, or securing initial funding. Startups struggling to gain traction or needing industry-specific expertise and mentorship can significantly benefit from an incubator. Additionally, an incubator can provide the necessary resources and connections to accelerate progress if a startup prepares to scale but requires additional support to navigate growth challenges.
Related resource: 10+ VCs & Accelerators Investing in Underrepresented Founders
How to Choose the Right Startup Incubator
Choosing the right startup incubator is a crucial decision that can significantly influence the success of your venture. With numerous options available, it’s essential to carefully evaluate each incubator to find the one that aligns with your specific needs and goals. In the following sections, we’ll break down the key criteria to consider when selecting an incubator, including industry focus, location, mentorship quality, funding opportunities, and the resources they offer. By understanding these factors, you can make an informed choice that supports your startup’s growth and long-term success.
Related resource: 10 Essential Startup Conferences for Fall 2024
Industry Focus
Choosing an incubator specializing in your industry or sector can be a game-changer for your startup. Industry-focused incubators bring a wealth of relevant expertise, tailored resources, and established networks that directly apply to your business. These incubators understand your sector's unique challenges and opportunities, allowing them to provide more targeted mentorship and support. For example, a tech-focused incubator will have mentors experienced in technology startups, access to tech-specific resources, and connections to investors interested in tech ventures. This specialized support can significantly accelerate your startup's growth by helping you navigate industry-specific regulations, access niche markets, and connect with potential partners and customers.
Related resource: Accelerator vs. Incubator: Key Differences and Choosing the Best Fit for Your Startup
Location
The location of an incubator plays a critical role in the success of a startup, as it can directly influence access to customers, investors, and partners. Being in close proximity to your target market allows you to understand customer needs better, conduct market research, and iterate on your product based on real feedback. Additionally, an incubator located in a thriving startup ecosystem, such as Silicon Valley or Austin, provides unparalleled access to a network of investors and industry leaders who can offer funding, mentorship, and strategic partnerships. Moreover, being near key partners and suppliers can streamline operations, reduce costs, and improve collaboration. Choosing an incubator with a strategic location can give your startup a significant advantage in scaling effectively.
Related resource: The Top Emerging Tech Hubs Across the United States
Mentorship and Expertise
Evaluating the quality and experience of the mentors and advisors associated with an incubator is crucial for your startup's success. High-quality mentors bring a wealth of industry knowledge, practical experience, and a network of contacts that can be invaluable as you navigate the challenges of building and scaling your business. Experienced mentors can provide actionable insights, help you avoid common pitfalls, and guide you in making strategic decisions that can accelerate growth. They also offer personalized advice tailored to your needs, often more impactful than generic guidance. Furthermore, well-connected mentors can introduce you to potential investors, partners, and customers, opening doors that might otherwise be difficult to access. Therefore, when choosing an incubator, ensure its mentorship network aligns with your industry and business goals.
Related resource: 12 Online Startup Communities for Founders
Funding Opportunities
Access to capital is often a critical factor in the growth and sustainability of a startup, making it essential to consider whether an incubator offers funding opportunities or has strong connections with venture capitalists (VCs) and angel investors. Some incubators provide direct funding to startups through seed investments or grants, which can be a significant boost in the early stages. Additionally, incubators with robust networks of VCs and angel investors can facilitate introductions and help you secure the capital needed to scale your business. These connections are invaluable, as they not only provide financial support but also come with strategic advice and industry insights from experienced investors. Therefore, when selecting an incubator, evaluating their funding mechanisms and the strength of their investor networks is essential to ensure they align with your startup's financial needs.
Related resource: Seed Funding for Startups: Our Complete Guide
Resources and Facilities
When evaluating a startup incubator, it's crucial to assess the resources, facilities, and infrastructure it offers. These elements can significantly impact your startup’s operations and growth. Incubators typically provide shared office spaces, high-speed internet, conference rooms, and sometimes even specialized equipment, which can be costly if sourced independently. Access to such facilities reduces overhead costs and fosters a collaborative environment where startups can share ideas and resources.
Moreover, an incubator's infrastructure often includes access to essential business services, such as legal advice, accounting, and marketing support, which can be critical for early-stage startups that may lack these in-house capabilities. Additionally, some incubators offer advanced technology labs or prototype development spaces, which are particularly beneficial for startups in the biotech, hardware, or manufacturing sectors.
The quality of these resources and facilities can significantly impact your startup’s ability to innovate and scale efficiently. Therefore, when choosing an incubator, it’s important to ensure that its infrastructure aligns with your startup's specific needs and that it provides an environment conducive to productivity and growth.
Top 10 Incubators for Startups in 2024
With a clear understanding of what to look for in an incubator, it’s time to explore some of the top options available to startups in 2024. These incubators have been selected based on their strong industry focus, excellent mentorship programs, robust funding opportunities, and state-of-the-art resources and facilities. Whether you're in tech, clean energy, or any other innovative field, these incubators offer the support you need to turn your vision into reality. Let’s dive into the top 10 incubators setting the standard for startup success in 2024.
1. IdeaLab
Overview: IdeaLab, founded in 1996 by entrepreneur Bill Gross, is one of the most renowned startup incubators in the world. Located in Pasadena, California, IdeaLab has a long history of fostering innovation and has played a pivotal role in launching over 150 companies, including well-known successes like eSolar and Picasa. The incubator provides startups access to a wealth of resources, including funding, expert mentorship, and a robust network of industry contacts.
Why Consider It: Startups should consider IdeaLab for its proven track record of turning innovative ideas into successful companies. With decades of experience, IdeaLab offers a supportive environment where entrepreneurs can develop and refine their business ideas. The incubator is particularly strong in the technology sector, but it also supports ventures in clean energy and other innovative industries.
Best For: IdeaLab is best suited for tech startups and those in innovative sectors such as clean energy. It’s ideal for founders with a strong, innovative concept who need access to experienced mentors, a supportive community, and the financial backing to bring their ideas to market.
2. CodeBase
Overview: CodeBase is the UK's largest technology incubator, with a strong presence in several cities across the country. Since its founding in 2014, CodeBase has focused on supporting startups in the tech industry by providing affordable coworking spaces, access to high-speed internet, and a vibrant community of like-minded entrepreneurs. It also offers various mentorship programs and educational events to help startups grow and succeed.
Why Consider It: Startups should consider CodeBase for its comprehensive support system that goes beyond just providing office space. The incubator’s extensive network of mentors and industry experts, combined with its presence in multiple tech hubs across the UK, makes it an ideal environment for tech startups looking to scale. CodeBase’s commitment to fostering a collaborative community also means that startups can benefit from peer support and potential partnerships within the incubator.
Best For: CodeBase is best suited for tech startups in the UK that are seeking an affordable and supportive environment to grow their business. It is particularly ideal for early-stage companies that would benefit from being part of a large, dynamic community of tech entrepreneurs.
3. LaunchAcademy
Overview: LaunchAcademy, located in Vancouver, Canada, is a leading startup incubator that has supported over 6,000 entrepreneurs since its inception in 2012. Specializing in technology sectors such as AI, big data, and software development, LaunchAcademy offers a robust support system that includes mentorship, access to an international network of investors, and regular networking events.
Why Consider It: Startups should consider LaunchAcademy for its strong track record of helping early-stage companies grow and succeed. The incubator’s focus on technology-driven startups makes it an ideal environment for companies looking to leverage AI and big data. Additionally, LaunchAcademy provides startups with the tools and resources needed to scale, including connections to key investors and global markets.
Best For: LaunchAcademy is best suited for tech startups, particularly those in AI, big data, and software, that are seeking comprehensive support to accelerate their growth. It’s especially valuable for entrepreneurs who want to connect with a global network and gain access to international markets.
4. DMZ
Overview: DMZ, based at Toronto Metropolitan University, is one of the world’s leading tech incubators. Since its launch in 2010, DMZ has been dedicated to helping high-potential startups scale their businesses through access to top-tier mentors, investors, and a global network. The incubator offers various programs tailored to different stages of a startup’s journey, from validation to growth, making it a versatile choice for tech entrepreneurs.
Why Consider It: Startups should consider DMZ for its strong emphasis on scaling and international expansion. The incubator provides access to a robust network of investors and industry experts, which is invaluable for startups looking to grow quickly. DMZ’s hands-on approach and focus on real-world results have helped numerous companies secure funding, enter new markets, and achieve significant milestones.
Best For: DMZ is best suited for tech startups that are beyond the initial idea stage and are ready to scale. It’s particularly ideal for entrepreneurs looking to expand internationally and those seeking strong mentorship and investor connections in the tech sector.
5. Tech Ranch
Overview: Tech Ranch, located in Austin, Texas, is a renowned startup incubator known for its supportive community and comprehensive programs that cater to entrepreneurs at various stages of their journey. Tech Ranch focuses on fostering connections between startups and mentors, providing essential business development resources, and offering workshops and events that help startups refine their strategies and scale effectively.
Why Consider It: Startups should consider Tech Ranch for its deep commitment to building entrepreneurial ecosystems. The incubator provides valuable networking opportunities and tailored support to help startups overcome challenges and accelerate their growth. Its programs are designed to guide entrepreneurs through the complexities of launching and scaling a business, making it an excellent choice for startups looking for a holistic support system.
Best For: Tech Ranch is best suited for early to mid-stage startups in sectors such as technology, business services, and automotive technology. It is particularly beneficial for entrepreneurs who are seeking a nurturing environment that emphasizes community-building and collaboration.
6. 500 Startups
Overview: 500 Startups is one of the most prominent and globally recognized startup incubators and accelerators, headquartered in Silicon Valley. Since its founding in 2010, 500 Startups has supported thousands of startups worldwide through its intensive programs, which focus on product development, customer acquisition, and fundraising. The incubator has a vast network of mentors, investors, and alumni, making it a powerhouse for startups looking to grow and scale.
Why Consider It: Startups should consider 500 Startups for its extensive global reach and comprehensive support system. The incubator provides a wealth of resources, including access to a diverse network of mentors who are experienced entrepreneurs and industry experts. Additionally, 500 Startups is known for its strong emphasis on helping startups secure funding, with many graduates successfully raising capital through the program's Demo Days and investor connections.
Best For: 500 Startups is best suited for tech startups and entrepreneurs looking for a rigorous, fast-paced program that offers access to a global network of investors and mentors. It’s particularly ideal for startups that are ready to scale and require significant funding to reach the next level.
7. LACI - Los Angeles Cleantech Incubator
Overview: The Los Angeles Cleantech Incubator (LACI) is a leading incubator focused on supporting startups in the clean technology and sustainability sectors. Founded in 2011 and based in Los Angeles, LACI is dedicated to accelerating the commercialization of clean technologies that positively impact the environment. The incubator provides startups with access to state-of-the-art facilities, including prototyping labs, office spaces, and a microgrid testing center. LACI also offers comprehensive programs that include mentorship, networking opportunities, and funding support.
Why Consider It: Startups should consider LACI for its specialized focus on cleantech and sustainability, offering tailored resources that are difficult to find in general incubators. LACI’s strong connections with government agencies, utilities, and industry leaders provide startups with unique opportunities for partnerships and pilot projects. Additionally, LACI’s commitment to addressing climate change and creating green jobs makes it an ideal incubator for startups that prioritize environmental impact.
Best For: LACI is best suited for startups in the clean technology, renewable energy, and sustainability sectors. It is particularly valuable for entrepreneurs who are developing technologies aimed at reducing carbon emissions, improving energy efficiency, or addressing other environmental challenges.
8. WorcLab
Overview: WorcLab, based in Worcester, Massachusetts, is a dynamic incubator focused on fostering innovation and supporting startups across various industries. Known for its collaborative environment, WorcLab offers a range of resources including office spaces, mentoring, and networking opportunities. The incubator is designed to help startups at different stages of development, providing them with the tools they need to grow and succeed.
Why Consider It: Startups should consider WorcLab for its strong emphasis on collaboration and community. The incubator provides access to a network of entrepreneurs, industry experts, and investors, which can be invaluable for startups looking to build connections and scale their operations. Additionally, WorcLab offers tailored support programs that can help startups refine their business models, develop their products, and enter new markets.
Best For: WorcLab is best suited for early-stage startups across various industries that are looking for a supportive and resource-rich environment to accelerate their growth. It is particularly ideal for entrepreneurs who value collaboration and are seeking a community-oriented incubator that provides both physical resources and strategic guidance.
9. Halo Incubator
Overview: Halo Incubator, located in Silicon Valley, is a unique incubator that focuses on empowering female founders in the tech industry. Founded to address the gender gap in entrepreneurship, Halo Incubator provides a supportive environment where women-led startups can thrive. The incubator offers a range of resources, including mentorship from experienced female entrepreneurs, access to funding, and opportunities to network with investors and industry experts who are passionate about supporting women in tech.
Why Consider It: Startups should consider Halo Incubator for its specialized support tailored to the needs of female entrepreneurs. The incubator’s strong focus on gender equity ensures that women founders receive the mentorship, resources, and visibility they need to overcome the challenges often faced in the tech industry. Halo Incubator’s network of investors and partners is particularly geared toward supporting women-led startups, making it an excellent choice for female founders looking to scale their businesses in a supportive and empowering environment.
Best For: Halo Incubator is best suited for female tech founders who are looking for a community that understands the unique challenges of being a woman in the tech industry. It is ideal for startups in the early to mid-stages of development that are seeking mentorship, funding, and networking opportunities tailored to women entrepreneurs.
10. Tech Nexus
Overview: Tech Nexus, based in Chicago, Illinois, is a hybrid incubator and venture collaborative that bridges the gap between startups and established corporations. Founded in 2007, Tech Nexus offers a unique model that not only supports early-stage startups but also facilitates innovation within larger companies by connecting them with emerging technologies. The incubator provides access to corporate partners, mentorship, and capital, making it a powerful platform for startups looking to scale and integrate with industry giants.
Why Consider It: Startups should consider Tech Nexus for its strong focus on corporate collaboration and innovation. The incubator's model allows startups to tap into resources and networks that are typically accessible only to larger corporations. This includes opportunities to work directly with corporate partners on pilot projects, which can lead to strategic investments, partnerships, or even acquisition. Tech Nexus also provides access to venture capital and a network of seasoned mentors who can help guide startups through the complexities of scaling and entering new markets.
Best For: Tech Nexus is best suited for tech startups that are developing solutions relevant to large enterprises and are looking for opportunities to collaborate with corporate partners. It’s ideal for startups that are ready to scale and need the support and resources that come with integrating into established industry ecosystems.
Connect with Potential Investors with Visible
Choosing the right incubator is a pivotal decision that can shape the future of your startup. From industry focus and location to mentorship quality and funding opportunities, these factors are critical in determining which incubator will best support your growth.
As you prepare for your startup’s next steps, ensure you stay connected with potential investors using Visible.
Find investors at the top of your funnel with our free investor database, Visible Connect
Track your conversations and move them through your funnel with our Fundraising CRM
Share your pitch deck and monthly updates with potential investors
Organize and share your most vital fundraising documents with data rooms
Manage your fundraise from start to finish with Visible. Give it a free try for 14 days here.
At Visible, we oftentimes compare a fundraise to a B2B sales and marketing funnel. At the top of your funnel, you are finding new investors. In the middle, you are nurturing and pitching potential investors. At the bottom of the funnel, you are working through diligence and ideally closing new investors.
Related resource: Top Creator Economy Startups and the VCs That Fund Them in 2024

founders
Fundraising
Top Creator Economy Startups and the VCs That Fund Them in 2025
The creator economy is rapidly transforming the global economy, driving billions of dollars in value as it reshapes how content is created, distributed, and monetized. At the intersection of technology and creativity, startups within the creator economy are pioneering innovative platforms and tools that empower individuals to turn their passions into professions. This rapidly growing sector not only offers vast opportunities for creators but also attracts significant attention and investment from venture capitalists keen to support the next wave of digital innovation.
What is the creator economy?
In today's digital age, the "creator" embodies a broad and dynamic role, reflecting the vast opportunities for individual creativity and entrepreneurship online. A creator is anyone who produces content across various platforms to engage, entertain, or educate an audience, leveraging digital tools and social media to monetize their skills and passions. This definition spans from writers, artists, and musicians to influencers, vloggers, and podcasters, among others, who utilize platforms like YouTube, TikTok, Instagram, and Twitch to share their work and generate revenue through ad shares, sponsorships, merchandise sales, and more.
The creator economy has democratized content production and distribution, enabling individuals to turn their passions into professions without the traditional barriers of entry like access to large capital or institutional gatekeepers. With just a smartphone and internet access, creators can reach a global audience, exemplified by individuals who have gained fame and financial success through platforms like TikTok and YouTube with minimal initial investment.
In the evolving landscape of the creator economy, founders, content creators, and VCs are witnessing a dynamic shift towards diversified revenue streams beyond traditional brand partnerships. The spotlight has increasingly turned towards direct audience monetization strategies, including digital product sales, affiliate marketing, ad revenues, and brand deals.
This shift underscores the importance for stakeholders in the creator economy to innovate and adapt. For creators, it's about embracing new technologies and platforms to engage with audiences and monetize their content effectively. For founders and VCs, the emphasis is on investing in and developing tools that support creators in these endeavors, recognizing the value of direct audience relationships and the growing independence of creators from traditional advertising models.
It's not just about creating content but also about understanding the ecosystem's business models, audience engagement strategies, and monetization mechanisms. As the creator economy continues to evolve, staying informed and adaptable will be key to leveraging its potential for individual growth and investment opportunities.
Related Resource: 18 Pitch Deck Examples for Any Startup
Creator Economy Areas of Investment
VCs are investing in tools to help influencers operate and monetize. Here are some examples of the areas of focus that we gathered from SignalFire’s Creator Economy Market Map.
Related Resource: 14 Gaming and Esports Investors You Should Know
Content Creation Tools
Video
Photography / Graphic Design
Motion Photos
Music
Podcast
Influencer Marketing
Specialized Influencer Marketing Agencies.
Influencer Marketing Platforms and Marketplaces:
CRM Tools
Patronage Platforms
Ad Hoc Project-Based Funding
Kickstarter, Indiegogo, and GoFundMe
Subscription-Based Funding
Patreon
Tip Jar Concept
Ko-fi and Buy Me a Coffee
Other Opportunities
Community Engagement Tools
Finance Management Tools
Key Insights for Founders in the Creator Economy Space
We pulled some key insights from ConverKits State of the Creator Economy 2024 Report:
Shift in Preferred Content Formats
Written Content Dominates: Contrary to previous predictions, written content such as emails, newsletters, articles, blog posts, and books has emerged as the most popular and lucrative form of content. In 2023, 58% of creators produced emails or newsletters, and 51% focused on articles, blog posts, or books.
Decline in Short-Form Videos: The percentage of creators making short-form videos decreased significantly, dropping from 45% in 2022 to 23% in 2023. This trend suggests a pivot away from platforms like TikTok towards more substantial, written content.
Gender Pay Gap Progress
Closing Income Disparity: The creator economy is witnessing a positive trend towards earning equality. The percentage of female creators earning six figures or more has increased, reflecting a closing gender pay gap.
Notable Female Creators: Examples of successful female creators include Bonnie Christine, Nisha Vora, XayLi Barclay, and Chaitra Radhakrishna, who have built substantial businesses and incomes in the creator space.
Transition from Traditional Jobs
Leaving 9-5 Jobs: A significant number of creators are leaving traditional salaried jobs to focus on their creator businesses. Economic uncertainty and layoffs have spurred this shift, with creators seeking more control over their income and career.
Income Expectations and Speed: Many creators expect to earn more from their creator businesses in 2024 compared to 2023, with full-time creators often starting to make money within their first year of operation.
Diverse Income Streams
Multiple Revenue Sources: Full-time creators typically have six or more income streams, compared to hobbyists and part-timers who have fewer. This diversification is key to their financial stability and growth.
Top Income Sources: Professional services (36%), digital products (18%), advertising (11%), and affiliate marketing/links (10%) are among the top ways creators earn their income.
Generational Differences in the Creator Economy
Cultural Differences Between Generations: Generational differences are evident in the creator space. Gen-Z, known as the side-hustle generation, accounts for the largest share of hobbyists and part-time creators. While 87% of Gen-Z creators earn under $10,000 a year, there are positive trends for this group. Initially, around 3% of Gen-Z respondents were full-time creators; now, about a quarter of all Gen-Z creators make a full-time living from their business.
Actionable Insights for Startup Founders
Focus on Written Content: Prioritize developing solutions for written content, as this format has proven to be both popular and profitable for creators.
Facilitate Career Transitions: Provide resources and guidance for creators looking to transition from traditional jobs to full-time creator roles.
Diverse Revenue Models: Help creators develop multiple income streams to enhance their financial resilience and growth potential.
Top 8 VCs Actively Investing in the Creator Economy
Venture capitalists play a crucial role in fueling the growth of the creator economy by providing the necessary capital and resources for startups to thrive. Here are eight leading VCs that are making significant investments in this sector:
1. SignalFire
Location: San Francisco, California, United States
About: SignalFire is a venture capital firm that invests in seed-stage companies and breakout companies.
Investment Stages: Seed, Series A, Series B
Popular Investments:
OneSignal
Ledger Investing
Join
2. Antler
About: Antler is a global startup generator and early-stage VC that is building the next big wave of tech. With the mission to turn exceptional individuals into great founders, Antler aims to create thousands of companies globally.
Thesis: We identify and invest in exceptional people
Investment Stages: Pre-Seed, Seed
Popular Investments:
Mast Technologies
Upflowy
Appboxxo
3. Harlem Capital
Location: New York, United States
About: Harlem Capital is an early-stage venture firm that invests in post-revenue tech-enabled startups, focused on minority and women founders.
Thesis: Women or POC founders (no deep tech, bio, crypto, hardware)
Investment Stages: Seed, Series A, Series B, Growth
Popular Investments:
Lami
Gander
The House of LR&C
4. Night Ventures
Location: Texas, United States
Thesis: Our LPs are 50+ of the top creators in the world across YouTube, TikTok, Twitch and elsewhere. Together, we specialize in influence – understanding what’s popular, what’s trending and how to acquire more customers/fans of your product.
Popular Investments:
Moonpay
Pearpop
Beacons
5. Slow Ventures
Location: San Francisco, California, United States
About: Slow Ventures invests in companies central to the technology industry and those on the edges of science, society, and culture.
Thesis: Slow Ventures invests in companies central to the technology industry and those on the edges of science, society, and culture.
Investment Stages: Seed, Series A
Popular Investments:
Juice
Stem
Human
6. Behind Genius Ventures (BGV)
Location: Los Angeles, California, United States
About: Behind Genius Ventures invests in pre-seed/seed stage companies centered around product-led growth. Co-Founded by two Gen Z investors: Joshua Schlisserman and Paige Doherty.
Investment Stages: Pre-Seed, Seed
Popular Investments:
Decaf
Impulse
Maca Payments
7. Crush Ventures
Location: LA and NYC
About: We formed Crush Ventures to focus on early stage investing at the intersection of media, culture, and commerce. To founders, we bring to bear our capital, operating expertise and powerful relationship network earned from two decades spent building Crush Music into a global powerhouse.
Thesis: We invest in founders building the future of how talent will discover, engage, and monetize fans.
Investment Stages: Pre-Seed, Seed
RPopular Investments:
Beacons
Create O/S
Splice
8. Freestyle Capital
Location: California, United States
About: Freestyle is an early-stage VC with $565M+ AUM & investments in 150+ tech co’s like Airtable, Intercom, Patreon, BetterUp and Snapdocs.
Thesis: We are high-conviction, low-volume investors and invest in only 10-12 companies each year. This gives us the freedom to work closely with founders, and holistically support our companies. We typically lead Seed rounds with a $1.5M — $3M check. We make decisions efficiently and are 100% transparent with you along the way. We invest in founders building soon-to-be massive tech companies across many verticals.
Investment Stages: Pre-Seed, Seed
Popular Investments:
Spot
Change
Grain
9. SevenSevenSix
Location: They are a remote-first company with locations in Miami and Los Angeles
About: Seven Seven Six is a venture capital firm founded by Alexis Ohanian, co-founder of Reddit, with a mission to invest in bold and ambitious startups that have the potential to significantly impact their industries and communities. Established in 2020, Seven Seven Six focuses on early-stage investments, providing not only capital but also strategic guidance and support to help founders scale their businesses effectively.
Thesis: The firm has a strong focus on the creator economy, supporting platforms and tools that enable creators to monetize their work and engage with their audiences. Additionally, Seven Seven Six invests in sectors such as consumer technology, blockchain, and fintech, always looking for disruptive innovations that can redefine industries.
Investment Stages: Seed
Popular Investments:
Dispo
Pearpop
Simulate
10. Creandum
Location: Stockholm, Berlin, and San Francisco
About: Creandum is a leading European early-stage venture capital firm investing in innovative and fast-growing technology companies.
Thesis: We are a venture capital advisory firm powering innovation from Stockholm, Berlin, and San Francisco.
Investment Stages: Pre-Seed, Seed, Series A, Series B
Popular Investments:
Depop
Kahoot!
Spotify
11. R/GA Ventures
Location: New York, USA
About: R/GA Ventures is a venture capital firm that partners with startups to build and scale their businesses. It leverages the resources of R/GA, a globally recognized innovation consultancy, to provide startups with strategic guidance, mentorship, and access to a vast network of industry experts. R/GA Ventures focuses on fostering innovation in various industries by helping startups develop transformative products and services.
Thesis: Focusing on companies that are at the intersection of technology, design, and digital innovation. Their thesis revolves around backing startups that leverage technology to disrupt traditional industries and create new market opportunities. R/GA Ventures aims to support startups that are developing cutting-edge solutions in areas such as AI, IoT, digital media, and the creator economy.
Investment Stages: Early-stage startups, including Seed and Series A rounds
Popular Investments:
Cameo
Teachable
SuperPhone
Alternative Funding for Creator Economy Founders
Along with VC, accelerators and incubators, you can consider Gumroad’s new innovative funding model.
Gumroad’s Creator Investing Play: Gumroad, an ecommerce platform helping creators sell digital products, offers a unique funding alternative to traditional venture capital. Instead of pursuing equity, Gumroad buys a 10% stake in creator-led businesses, providing checks ranging from $100K to $500K directly to creators. This approach allows creators to maintain full control over their business while Gumroad receives regular dividends on the business’s earnings.
Benefits of Gumroad’s Model: This funding model aligns with creators' needs and goals, emphasizing sustainability and revenue growth over exits or liquidity events. Sahil Lavingia, Gumroad’s founder, highlights that creators have a competitive advantage due to their deep audience connection, quick adaptability, and authenticity as founders and business leaders.
Addressing Growth Challenges: Despite the growth of creator-led startups, there remains a lack of clear blueprints for scaling while maintaining brand integrity. Lavingia points out that aspects like hiring teams, managing expenses, and balancing growth with creativity are still uncharted territory. However, initiatives like Gumroad's funding model aim to address these challenges and provide a path forward for creators.
Related resource: 10 Top Incubators for Startups in 2024
Top 8 Content Creation and Creator Economy Startups
As venture capital continues to flow into the creator economy, numerous startups have emerged as leaders in facilitating content creation, distribution, and monetization. These companies are at the forefront of innovation, providing creators with the tools and platforms they need to succeed in a digital-first world.
Related Resource: 7 Startup Growth Strategies
1. Caffeine
Caffeine is a live-streaming platform that focuses on gaming, sports, and entertainment content. Founded by Ben Keighran and Sam Roberts, it went live in early 2018 and has quickly gained traction among users and creators alike. Caffeine distinguishes itself by emphasizing interactive and real-time engagement between broadcasters and their audiences, aiming to create a more dynamic and engaging experience than traditional broadcasting platforms.
Location: Redwood City, California.
Funding Rounds and Amount Raised: Caffeine has successfully raised significant funds through various rounds. In September 2018, it secured a $100 million investment from 21st Century Fox. As of 2019, the company had raised $146 million from investors across three rounds, including prominent names like 21st Century Fox, Andreessen Horowitz, and Greylock Partners.
2. Spotter
Spotter is an innovative startup that has carved a unique niche within the creator economy, focusing on YouTube content creators. It offers a financial model that provides creators with upfront cash for licensing their existing or upcoming content. This approach is designed to assist creators in scaling their brands, funding ambitious projects, and growing their businesses more efficiently. Spotter’s model is likened to a venture capital investment but for the digital content creation space, aiming to secure a stake in the future success of these creators by investing in their content libraries.
Location: Los Angeles, California.
Funding Rounds and Amount Raised: A significant milestone was a $200 million Series D funding round led by SoftBank Vision Fund 2, part of a combined $755 million raised across this and other undisclosed rounds. This influx of capital has elevated Spotter's valuation to $1.7 billion. The company plans to invest $1 billion directly into its YouTuber partners to assist in their business growth. Spotter's total funding has reached $240.6 million, underscoring its robust financial backing and confidence from investors.
3. Jellysmack
Jellysmack leverages machine-learning technology and data analytics to create and optimize video content for social media platforms. Founded in 2016, it aims to identify social video trends, optimize video performance, and uncover niche audience segments to build vibrant communities around content creators. Jellysmack is known for its innovative approach to the creator economy, helping creators amplify their reach and monetization across multiple platforms.
Location: New York with additional offices in Los Angeles, Corte, Corsica, Paris, and London.
Funding Rounds and Amount Raised: Jellysmack has secured $16 million in total funding.
4. Passionfroot
Passionfroot provides a unified no-code platform for creators, focusing on simplifying their business operations. It offers tools for storefront management, CRM, collaborations, and cash flow, targeting younger millennial & GenZ creators and small media brands, particularly those involved in B2B monetization like sponsorships and ad placements.
Location: Berlin, Germany.
Funding Rounds and Amount Raised: Raised €3.4 million in a pre-seed funding round.
5. Stir
Stir is a platform designed to help digital creators manage their revenue streams, analytics, and collaborations. It facilitates the sharing of funds among collaborators, aiming to streamline the financial aspects of content creation. The startup has introduced tools like Collectives for shared financial management among creators.
Location: San Francisco, California.
Funding Rounds and Amount Raised: Stir raised $4 million in a seed funding round with contributions from notable investors including Casey Neistat, YouTube co-founder Chad Hurley, and others.
6. Kajabi
Kajabi, founded in 2010 by Kenny Rueter, is a SaaS platform designed for creators and entrepreneurs to create, market, and sell digital content. It has quickly risen to prominence as a tech unicorn, valued at $2 billion. The platform supports creators across various niches, offering tools for online courses, membership sites, and more, emphasizing its role in the booming creator economy. With a mission to empower digital entrepreneurs, Kajabi has facilitated over $3 billion in sales, serving thousands of users worldwide.
Location: Irvine, California.
Funding Rounds and Amount Raised: In November 2019, Kajabi received its first outside investment from Spectrum Equity Partners. A significant funding milestone was reached in May 2021 with a $550 million round led by Tiger Global, along with TPG Capital, Tidemark Capital, Owl Rock, Meritech Capital, and Spectrum Equity, catapulting Kajabi to a $2 billion valuation.
7. Linktree
Linktree, launched in 2016 by co-founders Alex Zaccaria, Anthony Zaccaria, and Nick Humphreys, revolutionized the way individuals and businesses manage their online presence. Conceived as a solution to the limited link options on social media platforms, Linktree enables users to share multiple content links through one bio link, facilitating a centralized online presence. This technology startup quickly became a staple tool for influencers, creators, publishers, and brands, seeking to streamline their digital footprint. The platform's user-friendly interface and versatile application across various social media sites have propelled its growth, making it a critical tool in the digital arsenal of the modern internet user.
Location: Melbourne, Australia, with additional operations in Darlinghurst, NSW, Australia.
Funding Rounds and Amount Raised: Linktree has raised over a series of 4 rounds with a total of $176.2 million invested.
8. Sagespot
SageSpot, established in 2020, emerges as a transformative player within the creator economy, offering a subscription-based social media platform. This innovative platform distinguishes itself by empowering creators to foster interest-based communities, enabling a direct monetization path through engaged and dedicated followers. By focusing on this model, SageSpot aims to rectify the monetization challenges creators face on legacy platforms, providing a more sustainable and creator-focused alternative for monetizing content and personal brands. The platform's focus on subscription-based models offers a promising alternative to ad-revenue dependency, potentially leading to a more sustainable and fulfilling creator-follower relationship.
Location: New York.
Funding Rounds and Amount Raised: $5.6 million led by Khosla Ventures.
Related Resource: 7 Essential Business Startup Resources
Looking for Funding? Visible Can Help- Start Your Next Round with Visible
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Related resources:
Valuing Startups: 10 Popular Methods
Seed Funding for Startups 101: A Complete Guide
The Ultimate Guide to Startup Funding Stages
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