Unlocking Ontario’s Potential: 15 Venture Capital Startups You Can’t Ignore

Ontario, Canada, is home to a vibrant and dynamic venture capital startup ecosystem. As the province continues to foster innovation and entrepreneurship, numerous exciting startups have emerged, attracting attention from investors and industry enthusiasts alike. In this article, we will showcase and explain some of the most interesting venture capital startups in Ontario, shedding light on their unique offerings and potential contributions to the industry.

Avon River Ventures

Avon River Ventures is an independent venture capital firm that focuses on investing in promising startups in the financial services and information technology sectors. Led by visionary founder Krutarth Shah, the firm seeks to identify and support innovative companies with the potential for significant growth and disruption. Avon River Ventures’ commitment to nurturing talent and fostering cutting-edge technologies positions it as a key player in the Ontario startup landscape.

GDA Capital

GDA Capital stands out as a global firm that offers vertically integrated fin-tech services to both institutions and disruptive technology companies. With a focus on blockchain, cryptocurrency, and financial services, GDA Capital plays a crucial role in driving advancements in the digital finance space. The firm’s co-founders, David Shafrir, Michael Gord, and Zachary Friedman, bring a wealth of expertise and experience to the table, making them instrumental in fostering the growth of innovative startups.

GroundBreak Ventures

GroundBreak Ventures is dedicated to early-stage investments in property technology and real estate technology. As an influential player in the venture capital scene, GroundBreak Ventures identifies and supports startups that have the potential to transform the property industry through innovative solutions. With Sanders Lee at the helm, the firm is actively contributing to the growth and development of Ontario’s real estate tech ecosystem.

Framework Venture Partners

Framework Venture Partners is a data-driven venture capital firm that adopts a collaborative engagement model. By leveraging insightful data and strategic partnerships, the firm aims to make informed investment decisions that lead to the success of their portfolio companies. Co-founders Andrew Lugsdin and Peter Misek have paved the way for Ontario’s thriving business development, financial services, and software sectors.


Koru is a groundbreaking venture foundry founded by the Ontario Teachers’ Pension Plan. With a focus on business development and venture capital, Koru actively seeks out and nurtures innovative startups with high growth potential. Steve Wright’s leadership has been instrumental in fostering a culture of innovation and driving the growth of promising companies.

Wittington Ventures

Wittington Ventures is a venture capital firm that invests in startups within the commerce, healthcare, and food sectors. By identifying disruptive ideas and entrepreneurial talent, the firm aims to drive positive change and innovation in these industries. With a focus on fostering long-term growth, Wittington Ventures is shaping the future of various sectors in Ontario.

Spartan Finance

Spartan Finance’s mission is to level the playing field between retail investors and hedge funds in the biotechnology industry. Through their innovative approach, they empower individual investors to succeed in the biotech space. Founded by Sajjad Abbas and Shakeel-Abbas Hussein, Spartan Finance is at the forefront of advancements in biotechnology, pharmaceuticals, and information technology.

Stack Capital

Stack Capital Group plays a vital role in offering long-term growth potential to innovative growth and late-stage private companies. With a strong focus on business development and financial services, the firm supports startups on their journey to becoming industry leaders. Founders Brian Viveiros, Jason Meiers, and Jeff Parks have been instrumental in shaping the growth and success of their portfolio companies.

Canadian Business Growth Fund

Canadian Business Growth Fund plays a crucial role in supporting privately-owned Canadian businesses by providing them with capital, talent, and expertise. The firm, founded by George Rossolatos, actively contributes to the growth of the Canadian economy by nurturing high-potential startups and facilitating their expansion.


MetaFinance offers a digital peer-to-peer platform for private investment opportunities, revolutionizing the way people access and engage with financial services. With a focus on finance, impact investing, information technology, and real estate, MetaFinance seeks to drive positive change through technology-driven solutions. Founder Nabil Irfan’s vision has laid the foundation for a transformative financial landscape.

Maverix Private Equity

Maverix Private Equity is a private equity firm that concentrates on technology-enabled growth and disruption. By investing in startups with promising technologies and business models, Maverix aims to drive advancements across various industries. Founder John Ruffolo’s experience and leadership are crucial in guiding their portfolio companies towards success.


StartupFuel is a SaaS, Big Data, and AI company that services startup founders and venture capital funds. By providing innovative solutions in artificial intelligence, big data, and machine learning, the firm empowers startups to scale and succeed. Ashley Martis, the founder, plays a pivotal role in guiding StartupFuel’s mission to support entrepreneurs on their journey to success.

Disruption Ventures

Disruption Ventures is a private, female-founded venture capital fund that invests in businesses led by women. By fostering diversity and inclusion in the startup ecosystem, Disruption Ventures actively supports female entrepreneurs and their groundbreaking ideas. Founder Elaine Kunda’s commitment to diversity makes Disruption Ventures a driving force for change in the Ontario venture capital scene.


Fundii specializes in offering financial services tailored for tech startups. As an angel investment, finance, fintech, and venture capital firm, Fundii provides critical support to early-stage technology companies. With Founder Maryam Fouladirad at the helm, Fundii continues to play a crucial role in driving innovation and entrepreneurship in Ontario.


Ontario’s venture capital startup landscape is abuzz with innovation, talent, and potential. These fifteen startups are just a snapshot of the many exciting ventures that are shaping the future of various industries. As they continue to grow and thrive, their contributions to the Ontario economy and beyond are sure to be profound. Investors and industry enthusiasts alike should keep a close eye on these promising startups as they pave the way for a brighter, more innovative future.

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Canada Venture News

CanadaVenture.news is a Canadian venture magazine that covers startups, business, technology, and innovation in Canada. The online publication provides news, insights, and resources for entrepreneurs, investors, and business professionals, featuring articles, interviews, and analysis of the latest trends and developments in the Canadian startup ecosystem.