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Island Capital Partners is an early-stage venture capital firm based in Charlottetown, Prince Edward Island, Canada, that invests in pre-seed and seed startups, primarily across Atlantic Canada with a focus on PEI. The firm provides capital, hands-on operational support, and mentorship to help high-potential local entrepreneurs scale businesses in sectors like enterprise software, AgTech, and CleanTech. Its initial fund raised $4-4.25 million, contributing to a portfolio of 17 total investments. Typical check sizes range from $50,000 to $500,000, with historical average checks reaching $630.7k and a maximum of $3 million. Recognizable portfolio companies include Forestry.io, Coloursmith Labs, Symbodi, and Woveo. Island Capital Partners is actively investing from its second fund, which targets over $4.25 million, having been founded in 2017 by Alex MacBeath, Ron Keefe, Steve Nicolle, and Paul Lypaczewski.
Key people at Island Capital Partners.
Island Capital Partners was founded in 2017 by Stephen Nicolle (Co-Founder & Partner) and Paul Lypaczewski (Co-Founder & Partner) and Alex MacBeath (Founder, CEO and Managing Director).
Island Capital Partners has 2 tracked investments across 2 companies. The latest tracked deal is $1.3M Seed in Versos in December 2025.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Dec 2, 2025 | Versos | $1.3M Seed | Innovobot, NEW Brunswick Innovation Foundation | Risc Capital, Velocity |
| Jul 20, 2021 | Coloursmith Labs Inc. | $1.6M Seed | Cathy Bennett | Brigus Capital, Killick Capital |
Island Capital Partners was founded in 2017 by Stephen Nicolle (Co-Founder & Partner) and Paul Lypaczewski (Co-Founder & Partner) and Alex MacBeath (Founder, CEO and Managing Director).
Key people at Island Capital Partners.
