Top 17 Toronto Venture Capital Firms for Tech Startups [2024]

Ready to start your tech business in Toronto but need some cash? Toronto is a hotspot for new companies, kind of like a mini Silicon Valley. Big names like Shopify and Slack got their start here.

But it’s not just about big names – there’s a whole community of small companies helping each other out.

Getting money for your business in Toronto is easier than you might think. In 2023 alone, over $1.4 billion was given to new companies. And a good chunk of that went to tech startups.

So, if you’ve got a great idea, Toronto is the place to be. Check out these 17 companies ready to help your early-stage tech startup take off.

17 Early-Stage Venture Capital Firms in Toronto, Canada

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This was our list of venture capital firms in Toronto willing to invest in your early-stage startup. Getting funds in the early stage will take a lot of work. Remember venture capital firms in Toronto are now more selective than they ever were, so you have to be prepared with your idea. Develop your MVP well, Prepare a winning pitch deck, and then approach VCs. This increases your investment opportunities.

With your idea, you also have to formulate your startup team structure, figure out the equity, do market research for the startup, and find out the potential.  

Remember, venture capital firms don’t just invest in ideas; They invest in people. If investors could see you are already prepared enough, the chances of you getting funded increase a lot. You can also discuss everything with an expert if you want. 

And one more thing, you also have to decide the way you want to develop your product. You can consider setting up an in-house development team or outsourcing your development efforts. Once you are set on the type of team, finalize how you will hire your developers.

Finally, always remember it can be hard to get the funding, but if you have solid preparation and vision, you can get one.

Best of Luck!