About Whitecap Venture Partners
Whitecap Venture Partners is a venture capital firm founded in 1989. It is primarily based out of Toronto, Canada. As of Jan 2025, Whitecap Venture Partners is an active investor, having invested in 35 companies, with 2 new investments in the last 12 months. It primarily invests in Series A round in Canada based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to High Tech and Life Sciences. Most recently it led the $54.8M Series A round of Deep Sky along with . This round also saw participation from BDC and other investors.
Overall, Whitecap Venture Partners portfolio has seen 1 IPO and 11 acquisitions including key companies like , Classcraft and Teranet. A lot of funds co-invest with Whitecap Venture Partners, with names like Brightspark Ventures sharing a substantial percentage of its portfolio.
Whitecap Venture Partners has team of 9 people including 4 partners.
Key Metrics
Team Members
, &
Portfolio Count
Bolt, &
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Series A, Seed &
Portfolio IPOs
Portfolio Acquisitions
Portfolio Soonicorns
Deals in last 12 months
Whitecap Venture Partners' Year-on-Year Investment Trends
Whitecap Venture Partners has invested in 35 companies over the last 29 years, with an average of 3 new investments annually in the last 10 years. In 2024, it made 1 investment, while as of Jan 2025, it has made 2 investments in this year. Its most recent first time investment was in Lyteflo and most recent follow-on round was in InvestNext.
Year | No. of Investments | ||
|---|---|---|---|
1stÌý¸é´Ç³Ü²Ô»å | Follow-on | Total | |
2025 (YTD) | 1 | 1 | 2 |
2024 | 1 | 0 | 1 |
2023 | 1 | 2 | 3 |
2022 | 5 | 2 | 7 |
2021 | 5 | 5 | 10 |
2020 | 3 | 0 | 3 |
2019 | 2 | 1 | 3 |
2018 | 1 | 0 | 1 |
2017 | 3 | 2 | 5 |
2016 | 0 | 1 | 1 |
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Whitecap Venture Partners' Investments by Stage
Whitecap Venture Partners has made 16 investments in Series A stage with an average round size of $14.3M, 8 investments in Seed stage with an average round size of $3.14M, 2 investments in Series B stage with an average round size of $19M, 1 investment in Post IPO stage with an average round size of $7M and 1 investment in Series D stage with an average round size of $60M.Note: We have considered here, only first round of investments
Stage of entry | No. of Investments |
|---|---|
Series A | 16 |
Seed | 8 |
Series B | 2 |
Post IPO | 1 |
Series D | 1 |
Whitecap Venture Partners' Investments by Sector
Whitecap Venture Partners has a diverse portfolio, with companies operating in the Enterprise Applications, High Tech, Consumer, HealthTech and Artificial Intelligence - Industry Applications. Notably, it has invested in 24 Enterprise (B2B) companies, 24 Tech companies, 11 Software companies and at least 8 companies focusing on Consumer (B2C).
Note: We have considered here, only first round of investments
Sector | No. of Investments |
|---|---|
Enterprise Applications | 11 |
High Tech | 7 |
Consumer | 5 |
HealthTech | 5 |
Artificial Intelligence - Industry Applications | 4 |
Others | 30 |
Whitecap Venture Partners' Investments by Geography
Whitecap Venture Partners has made most investments in Canada (20), followed by United States where it has made 4 investments.
Note: We have considered here, only first round of investments
Country | No. of Investments |
|---|---|
Canada | 20 |
United States | 4 |
Colombia | 1 |
Finland | 1 |
Switzerland | 1 |
Others | 1 |
Whitecap Venture Partners' recent investments
Here are the most recent investments by Whitecap Venture Partners:
Date | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Jan 27, 2025 | United States | Series B | $15M | ||
Jan 15, 2025 | Canada | Seed | $3M | Diagram Ventures [+1] | |
Sep 18, 2024 | Colombia | Seed | $2.65M | Matchstick Ventures [+3] | |
Nov 16, 2023 | Canada | Series A | $54.8M | Brightspark Ventures [+3] | |
Apr 05, 2023 | Canada | Series B | $13.4M | BDC [+2] |
Get the detailed list of all investments by Whitecap Venture Partners. Download now!IPOs and Publicly Listed companies in Whitecap Venture Partners' Portfolio
Here are Whitecap Venture Partners' portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
May 12, 2017 | May 04, 2015 | Series D | $60M |
Acquired companies in Whitecap Venture Partners' Portfolio
Here are Whitecap Venture Partners' portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Mar 18, 2025 | Nov 30, 2017 | Series B | $9M | |
Mar 18, 2024 | Nov 24, 2020 | Series A | $6.1M | |
May 12, 2023 | Sep 05, 2017 | Seed | $2.26M | |
Oct 18, 2021 | Nov 02, 2015 | Series A | $4M | |
Jul 21, 2020 | Jun 06, 2018 | Series A | Undisclosed |
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Team profile of Whitecap Venture Partners
Whitecap Venture Partners has a team of 9 membersÌýincluding 4 Partners and 1 PrincipalÌýlocated in Canada. Whitecap Venture Partners' team does not sit on the board of any company as of now.Here is a list of all team members in Whitecap Venture Partners:
Name | Designation | Location | Board Memberships | Contact details |
|---|---|---|---|---|
Partner | Toronto | - | ||
Partner | Toronto | - | ||
Partner | Toronto | - | ||
Partner | Toronto | - | ||
Principal | Toronto | - | ||
Advisor | Toronto | - | - | |
Associate | Toronto | - | ||
Associate | - | - | - |
Get the full list of Whitecap Venture Partners' team & partners for free. Download now!Co-investors of Whitecap Venture Partners
Over the past 29 years, 157 investors have co-invested in Whitecap Venture Partners's portfolio companies.
- Invested before Whitecap Venture Partners:ÌýBDC, Radar Capital and 60 others have invested in rounds before Whitecap Venture Partners. There are 3 companies where BDC has invested before Whitecap Venture Partners and 1 company where Radar Capital has invested before Whitecap Venture Partners.
- Top Co-investors of Whitecap Venture Partners:Ìý63 investors entered a company along with Whitecap Venture Partners. These include investors like Brightspark Ventures (2 companies).
- Invested after Whitecap Venture Partners:ÌýA total of 32 investors have invested in Whitecap Venture Partners's portfolio after their investments. Top Investors include Kensington Capital Partners (3 companies), SVB (2 companies) and Export Development Canada (2 companies).
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Recent News related to Whitecap Venture Partners
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Business Wire•Jan 15, 2025•Lyteflo, Whitecap Venture Partners, Amplify Capital, Diagram Ventures
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Pulse 2.0•Oct 02, 2024•Frate, Matchstick Ventures, 2048 Ventures, Whitecap Venture Partners and 2 others
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Silicon Valley Journals•Sep 19, 2024•Frate, Matchstick Ventures, 2048 Ventures, Whitecap Venture Partners and 2 others
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Femtech Insider•Apr 11, 2023•Felix, Whitecap Venture Partners, Mantella Venture Partners, BrandProject and 1 other
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