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§ Venture Capital · Toronto, Canada
Venture capital firm investing in early-stage Canadian B2B deep tech and enterprise software startups.
GreenSky Ventures is a Toronto, Ontario-based venture capital firm that invests in early-stage Canadian B2B deep tech and enterprise software startups, providing equity funding to foster their development. The firm raises dedicated funds from limited partners, having evolved its business model from offering advisory services for equity to pure fund-based investing with its first fund launch in 2015. GreenSky Ventures recently closed its sixth fund at $23.5 million CAD in 2024, marking its largest fund to date and topping the prior $21 million raised for its fifth fund. This significant capital raise underscores its continued commitment to the Canadian deep tech ecosystem. Key leadership includes Managing Partners Mike List, Marian, and Jeff Brunet, who joined the firm in late 2023 after being an LP in Fund VI. GreenSky Ventures was founded in 2010 by Mike List.
Key people at GreenSky Ventures.
Key people at GreenSky Ventures.
GreenSky Ventures has 9 tracked investments across 9 companies. The latest tracked deal is $7.0M Seed in Derapi in February 2026.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Feb 3, 2026 | Derapi | $7.0M Seed | Earthshot Ventures | 유니온투자파트너스, Aurora Venture Investments, Breakthrough Venture Capital, CrunchFund, Element 8, Mission ONE Capital, Radicle Impact, Raisewell, State OF Wyoming, Susquehanna Sustainable Investments, Ubiquity Ventures, WovenEarth Ventures |
| Jul 9, 2025 | RIVR | $2.6M Seed | GreenSky Ventures | — |
| Jul 1, 2024 | Ethica | $2.0M Seed | GreenSky Ventures | — |
| Jun 5, 2024 | Mesosil | $1.6M Seed | GreenSky Ventures | — |
| Sep 25, 2023 | Captain AI | $2.1M Seed | GreenSky Ventures | Techstars Toronto |
| Sep 7, 2023 | Mission Control | $3.5M Seed | GreenSky Ventures | — |
| Jun 1, 2023 | Stratly | $5.0M Series A | — | — |
| Jun 17, 2020 | Funnelytics | $1.1M Seed | GreenSky Ventures, MARS | Good News Ventures |
| Jun 1, 2020 | Cyclica | $17.0M Series B | Drive Capital | Chiesi Farmaceutici |
GreenSky Ventures is a Toronto-based venture capital firm that specializes in investing in early-stage Canadian B2B technology startups. Their mission centers on supporting extraordinary entrepreneurs by providing capital and strategic guidance to high-growth potential companies, primarily in software, hardware, and deep tech sectors. The firm has a strong track record of helping portfolio companies secure follow-on funding, contributing significantly to the growth and development of the Canadian startup ecosystem[1][3][6].
Founded in 2010, GreenSky Ventures (formerly GreenSky Capital) has evolved into a prominent early-stage investor in Canadian technology startups. The firm is led by key partners including Greg Stewart, Jeff Brunet, Marian Hoffmann, and Mike List, all based in Toronto. Since actively deploying capital from around 2015, GreenSky Ventures has launched multiple accelerator funds (I–VI) to fuel innovation and growth in its portfolio companies. This evolution reflects a strategic focus on nurturing B2B startups with scalable technology solutions[1][5].
GreenSky Ventures rides the wave of increasing demand for innovative B2B technology solutions in Canada, a market benefiting from strong governmental support and growing entrepreneurial activity. The firm’s timing is advantageous as Canadian startups gain global recognition, and the focus on deep tech and hardware alongside software positions it well amid evolving market needs. By backing early-stage ventures, GreenSky Ventures helps shape the Canadian tech ecosystem, fostering innovation that can scale internationally[1][6].
Looking ahead, GreenSky Ventures is poised to continue expanding its influence by deploying larger funds and deepening its support for startups in emerging technology sectors. Trends such as AI, cleantech, and advanced hardware development will likely shape their investment focus. As the Canadian tech ecosystem matures, GreenSky Ventures’ role as a key early-stage investor and strategic partner will be critical in driving the next generation of B2B technology leaders[1][5]. Their commitment to backing extraordinary entrepreneurs ensures they remain a vital catalyst for innovation in Canada’s startup landscape.
