Deep tech

Companies working at the frontier of physics, chemistry, and biology, where the moat is the science itself.

Aalo Atomics Factory-built modular nuclear reactors designed to power AI data centres. Nuclear Energy Austin Unicorn
ALT TEX Sustainable textile materials from agricultural waste — replacing virgin synthetics and conventional cotton in mainstream apparel supply chains. Sustainable Materials Toronto
Avro Life Science A transdermal patch that delivers medications through the skin — making therapies more accessible by removing the need for injections or clinical administration. Drug Delivery Waterloo
Bioform Biomaterial platform developing novel biological scaffolds for applications in medicine, construction, and industrial design. Biomaterials Vancouver
Eli Health Hormone diagnostics from saliva — making continuous hormonal monitoring accessible outside a clinic, starting with fertility and expanding across the full hormonal health landscape. Hormone Diagnostics Montreal
E-Zinc Grid-scale zinc-air batteries that store energy for days rather than hours — a low-cost, earth-abundant answer to long-duration storage that lithium chemistries can't solve. Long-Duration Storage Toronto
Faction Teleoperated electric delivery vehicles with a remote human in the loop — making autonomous last-mile delivery commercially viable today, without waiting for full Level 5. Autonomous Vehicles San Francisco Shut down
GaN Systems Gallium nitride power semiconductors enabling smaller, faster, more efficient power electronics. Acquired by Infineon Technologies in 2023 — validating GaN as the successor to silicon in power conversion. Power Semiconductors Ottawa Acquired by Infineon Technologies
Jetson Home Consumer heat pump systems designed to make home electrification accessible — removing the friction that keeps households tethered to fossil fuel heating. Home Electrification Vancouver
Kalino Bio Non-surgical immunocontraceptives for animals — a biological alternative to surgical sterilization with implications for wildlife management and companion animal care. Biotech Vancouver
LightCell Energy Next-generation electrochemical energy storage targeting lower cost and longer cycle life than existing chemistries for grid and industrial applications. Energy Storage San Francisco
Mast Reforestation Carbon sequestration through biomass burial — harvesting excess plant matter and storing it underground where it can't decompose and release CO₂ back into the atmosphere. Carbon Removal Seattle
Membio Single-use bioreactor technology for cell therapy and bioprocessing manufacturing — acquired by ABEC, a global leader in biopharmaceutical process equipment. Bioprocessing Toronto Acquired by ABEC
Nanode A novel battery anode using a proprietary nanomaterial process — delivering higher energy density and longer cycle life for electric vehicles and grid storage. Nanotechnology Edmonton
Phenomic AI AI-powered cell morphology platform identifying novel drug targets in solid tumour stroma — addressing cancers where current therapies routinely fail. AI Drug Discovery Toronto
Planetary Ocean alkalinity enhancement that permanently removes CO2 at scale. XPRIZE Carbon Removal winner. Offtake agreement through Frontier, with buyers including Stripe, Google, Shopify, McKinsey Sustainability, Autodesk, H&M Group and Workday. Carbon Removal Dartmouth
ProteinQure Computational protein design using machine learning to develop peptide therapeutics faster and more precisely than traditional biochemical methods. Protein Design Toronto
QurCan Nanoparticle RNA delivery targeting the brain and spleen — tissue destinations that have historically been out of reach for RNA therapeutics. RNA Delivery Toronto
Raven Telemetry AI-powered manufacturing intelligence platform providing real-time visibility into factory floor operations — turning sensor data into actionable production insights. Manufacturing AI Ottawa
SpaceRyde Balloon-launched rocket system designed to deliver small satellites to orbit at a fraction of traditional launch costs — a genuinely novel approach to the last-mile access problem. Space Launch Toronto Shut down
Synova Life Sciences Regenerative medicine developing biologically-active tissue repair solutions for musculoskeletal and soft tissue injuries. Regenerative Medicine Pasadena
Valence Labs AI platform for molecular discovery — acquired by Recursion Pharmaceuticals in 2023, becoming part of one of the world's leading computational drug discovery companies. AI Drug Discovery Montreal Acquired by Recursion Pharmaceuticals
Varda Space Orbital manufacturing that uses microgravity to make materials that can't be made on Earth, starting with pharmaceuticals returned by re-entry capsule. Space Manufacturing El Segundo Unicorn
Vessl Prosthetics Self-adjusting prosthetic sockets that automatically adapt to daily volume changes in the residual limb — solving the most common cause of prosthetic abandonment. Medical Devices London
Vital Bioscience Point-of-care diagnostic platform (VitalOne) running lab-quality tests at the bedside in minutes — compressing hours of lab turnaround to the moment of care. Point-of-Care Diagnostics Toronto

Beyond deep tech

Outside deep tech, we've backed founders we know personally, including some of our largest outcomes.

Ada AI customer service platform, and one of Canada's most prominent software companies. AI SaaS Toronto Unicorn
Brave Privacy-first browser rethinking how the web is paid for without surveillance. Browser San Francisco Unicorn
Chia Network Proof-of-space-and-time blockchain designed by BitTorrent creator Bram Cohen. Blockchain San Francisco
Every Financial Financial services integration platform — acquired by Wave Financial to expand their small business financial tools. Fintech Toronto Acquired by Wave Financial
Fullscript Practitioner-dispensed supplement platform used by healthcare practitioners across North America. Health Commerce Ottawa Acquired · Multi-billion
HyperCare Clinical communication platform for healthcare teams — replacing pagers and fragmented messaging with secure, real-time coordination. Health Tech Toronto
HyperComply AI-powered security compliance automation — acquired by SecurityScorecard to bring AI to supply chain risk management. Security Toronto Acquired by SecurityScorecard
Kora One of Africa's largest payment providers. Payments Africa
LOB API-first platform for programmatic direct mail at scale. YC-backed category leader, valued at over $500M. Developer Infra San Francisco
MayDay Calendar and productivity app reimagining how people manage their time — acquired by Apple in 2025. Productivity Toronto Acquired by Apple
Mercury Banking built for startups, and one of the best-loved fintech brands among founders. Fintech San Francisco Unicorn
Ownright Digital platform simplifying the home-buying process — handling legal, title, and closing workflows online. Proptech Toronto
Peggy Social marketplace where artists, galleries and collectors discover, buy and sell original art, with royalties to artists on resales. Marketplace Toronto
Spare On-demand transit technology powering flexible public transportation for cities and transit agencies across North America. Transportation Vancouver
Superhuman Email client built for speed. Productivity San Francisco Acquired by Grammarly
Voiceflow Platform for building and deploying AI agents. AI SaaS Toronto
Welbi Data-driven engagement platform for senior living communities — using predictive analytics to personalize resident activities and improve quality of life. Senior Living Ottawa Acquired by National Datacare

Who invested after us

We invest at the angel or pre-seed stage, long before institutional capital arrives. Our companies have gone on to raise from some of the most respected names in venture.

Andreessen Horowitz
Founders Fund
Khosla Ventures
Y Combinator
Tiger Global
Lux Capital
Bessemer Venture Partners
Accel
Spark Capital
IVP
Valor Equity Partners
Felicis Ventures
First Round Capital
FirstMark Capital
Craft Ventures
True Ventures
Caffeinated Capital
Kindred Ventures

Funds we back as an LP

We back world-class fund managers with deep sector expertise or access to founders we wouldn't reach on our own. If you're raising a fund in this space, we'd like to hear from you.