LOI Venture

ActiveVenture Capital

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Updated: Jan 22, 2026 ·

Financial History

Total Raised

N/A

Valuation

N/A

Investments Made

Date	Company	Round	Lead Investor(s)	Co-Investor(s)
Oct 1, 2024	Unified API	$810K Seed	—	Pioneer Fund, Techstars
Jul 1, 2024	Marathon Fusion	$6.0M Seed	—	1517 Fund, Caffeinated Capital, Chaac Ventures, Gaingels, LAUNCH
Jun 1, 2024	Fulcrum Technologies	$16.0M Series A	—	Amplify Partners, Archangel Network of Funds, Bam Ventures, Felicis Ventures, FTX Ventures, General Catalyst, Aaron Jacobson, Radical Ventures, Sweet Capital, Triatomic Capital, Adam D'Angelo, Yann LeCun
Jun 1, 2024	Innerlogic	$950K Seed	—	Antler, Concrete Ventures, FJ Labs, Golden Ventures, Highline Beta Inc., iNovia Capital, Intel Capital, Magnetic Ventures, Pioneer Fund, Practical Venture Capital, Structure Capital, Dharmesh Shah, Frank Barbieri, Jevon MacDonald, Jim Pitkow, Mike Greenfield, Ramesh Haridas, Tom Newbold, Tom Williams
Mar 1, 2024	Axion Ray	$18.0M Series A	—	Bessemer Venture Partners, John Ives, Mark Cuban
Feb 1, 2024	Jam	$9.0M Series A	—	Active Capital, Addition, Afore Capital, AIX Ventures, Andreessen Horowitz, Backstage Capital, Banana Capital, B Capital Group, Bedrock Capital, Bessemer Venture Partners, BoxGroup, C2 Investment, CapitalX, Color Capital, Craft Ventures, Cyphr VC, DTCP, Electric Capital, First Round Capital, Flex Capital, Innovation Endeavors, IVP, LGF, Lightspeed Venture Partners, Long Journey Ventures, Maven Ventures, Dan Cahana, Robin Li, Notable Capital, Paradox Capital, Preston-Werner Ventures, Primary Venture Partners, Prototype Capital, Rising Tide Partners, SaaSholic Fund, Shaan's All Access Fund, Sommet AB, The Club, The Hit Forge, Tiger Global Management, Two Sigma Ventures, Vibe Capital, Weekend Fund, Y Combinator, Alex Lieberman, Amjad Masad, Anthony Pompliano, Balaji Srinivasan, Ben Tossell, Bob Muglia, Chris Herd, Dharmesh Shah, Dylan Field, Greg Isenberg, Guillermo Rauch, Ilya Golubovich, Immad Akhund, Jaime Schmidt, Jeff Bezos, Julian Shapiro, Justin Welsh, Kyle York, Louis Beryl, Mark Goines, Mattia Astori, Moshe Lifschitz, Musaab Hakami, Peter Sonsini, Sahil Lavingia, Sahin Boydas, Sam Parr, Shane Neman, Stanley Druckenmiller, Tim Griffin, Tobias Lutke, Yann LeCun, Zack Kanter
Oct 1, 2023	KINO	$4.0M Seed	—	11 Tribes Ventures, Blockchain Founders Fund, Forest Baskett, Sunset Ventures, Techstars, Bill Ackman, Charlie Songhurst
Oct 1, 2023	Funnel	$32.0M Series B	—	Amazon Alexa Fund, Bain Capital Ventures, Balderton Capital, BoxGroup, Energy Impact Partners, Fifth Wall, Freestyle Capital, Gotham Gal Ventures, Kreos Capital, RET Ventures, Scout Ventures, Spark Capital, Techstars, Trinity Ventures, Michael Lombardi
Sep 1, 2023	Graph	$120K Seed	—	Pioneer Fund, Techstars
Sep 1, 2023	Favs	$1.0M Seed	—	1517 Fund, Caffeinated Capital, Chaac Ventures, Collab+Currency, Aniq Kassam, Gaingels, LAUNCH, Ben Huh, Orion Willow Parrott, Sunset Ventures, Techstars, Volt Capital, Brittany Yoon, Imran Khan, Joi Ito
Aug 1, 2023	Mentibus.xyz	$400K Seed	—	1517 Fund, Caffeinated Capital, Chaac Ventures, Gaingels, LAUNCH
May 1, 2023	Frenter	$1.0M Seed	—	1517 Fund, Caffeinated Capital, Chaac Ventures, Gaingels, Hustle Fund, LAUNCH, Shine Capital, Ethan Austin
Apr 1, 2023	Otis AI	$2.0M Seed	—	01 Ventures, 9Yards Capital, Kevin Hartz, Accel, Acrew Capital, Adverb Ventures, Alumni Ventures, AME Cloud Ventures, Audrey Capital, Benchstrength, Blitzscaling Ventures, Bond, Broadway Angels, C2 Investment, CapitalG, Coatue, Cota Capital, Craft Ventures, Daffy, Dragoneer Investment Group, Flex Capital, FPV Fund, General Catalyst, Hardware Club, Heretic Ventures, Incite Ventures, Pear VC, Quiet Capital, Redpoint Ventures, SciFi VC, Seven Seven Six, Sherpalo Ventures, Sound Ventures, South Park Commons, SV Angel, Tribe Capital, Y Combinator, Aaron Levie, Aaron Patzer, Aston Motes, Charlie Cheever, Clara Shih, Dharmesh Shah, Doug Sleeter, Drew Houston, Eric Ries, Hiten Shah, Jared Leto, Jeff Seibert, Jeremy Stoppelman, Josh Silverman, Justin Rosenstein, Kris Duggan, Louis Beryl, Marco Zappacosta, Matt Mickiewicz, Phil Libin, Sam Altman, Seth Sternberg, Tien Tzuo, Tobias Lutke, Wayne Chang
Apr 1, 2023	Patientory	$2.0M Seed	—	Active Capital, Backstage Capital, Bedrock Capital, Bessemer Venture Partners, CapitalX, Color Capital, Craft Ventures, Cyphr VC, Lightspeed Venture Partners, Long Journey Ventures, Paradox Capital, Prototype Capital, Rising Tide Partners, SaaSholic Fund, Shaan's All Access Fund, The Club, The Hit Forge, Vibe Capital, Weekend Fund, Alex Lieberman, Anthony Pompliano, Ben Tossell, Chris Herd, Dharmesh Shah, Greg Isenberg, Immad Akhund, Jaime Schmidt, Julian Shapiro, Justin Welsh, Kyle York, Moshe Lifschitz, Musaab Hakami, Paul Yacoubian, Sahil Lavingia, Sam Parr, Zack Kanter
Nov 1, 2022	ProsperStack	$2.0M Seed	—	Chicago Ventures, General Catalyst, Hyde Park Venture Partners, Sandalphon Capital, Mark Benning
Oct 1, 2022	Qoala	$2.0M Seed	—	NewFund
May 1, 2022	Pressto	$2.0M Seed	—	Andreessen Horowitz, Clear Heights Capital, K5 Ventures, Magical Capital, Streamlined Ventures, The Hit Forge, Wasabi Ventures, Chris Yeh, Haroon Mokhtarzada, Kyle York, Peter Kazanjy, Rashaun Williams
May 1, 2022	KatKin	$22.0M Series A	—	Balderton Capital, BoxGroup, Freestyle Capital, Frontline Ventures, Gotham Gal Ventures, Kreos Capital, L Catterton Growth, Norrsken VC, Octopus Ventures, Partech Ventures, RET Ventures, Scout Ventures, Techstars, Trinity Ventures, V3 Ventures, Dominik Richter
Apr 1, 2022	Bubble Goods	$1.0M Seed	—	Active Capital, Backstage Capital, Banana Capital, Bedrock Capital, Bessemer Venture Partners, CapitalX, Color Capital, Craft Ventures, Cross Culture Ventures, Cyphr VC, Founders Fund, Shawn Modarresi, Klossy, Lightspeed Venture Partners, Long Journey Ventures, Marcy Venture Partners, Paradox Capital, Prototype Capital, Rising Tide Partners, RX3 Growth Partners, SaaSholic Fund, Shaan's All Access Fund, The Club, The Hit Forge, Thirty Five Ventures, Vibe Capital, Weekend Fund, Y Combinator, Alex Lieberman, Anthony Pompliano, Ben Tossell, Chris Herd, Dharmesh Shah, Eric Ries, Greg Isenberg, Immad Akhund, Jaime Schmidt, Jay Z, Julian Shapiro, Justin Timberlake, Justin Welsh, Kat Cole, Kyle York, Moshe Lifschitz, Musaab Hakami, Pau Gasol, Paul Yacoubian, Robyn Rihanna Fenty, Sahil Lavingia, Sam Parr, Tim Ferriss, Troy Carter, Zack Kanter
Apr 1, 2022	MoonPay	$87.0M Series A	—	01 Advisors, Alumni Ventures, Angel investor, Bain Capital, Banana Capital, Bascom Ventures, B Capital Group, BITKRAFT Ventures, Bullpen Capital, Casa Verde Capital, Coelius Capital, Galaxy Digital, General Catalyst, Grasshopper Capital, Greenfield One, Javelin Venture Partners, K2 Global, Kaszek Ventures, Khosla Ventures, Kleiner Perkins, LAUNCH, LGF, Mayfield, Mechanism Capital, Liza Landsman, Sheila Lirio Marcelo, Panache Ventures, Pioneer Fund, Prithvi Ventures, RET Ventures, Ribbit Capital, Sand Hill Angels, SOSV, Sound Ventures, Thomas Pentz, Tiger Global Management, Tribe Capital, Visionaire Ventures, WestCap, XFactor Ventures, Zeno Ventures, Ahmir Khalib Thompson, Anthony Saleh, Carmelo Anthony (Melo7 Tech Partners), Gwyneth Paltrow, James Corden, Jeff Bezos, Lev Ekster, Marc Benioff, Marcos Galperin, Othman Laraki, Paul George, Ryan Tedder, Sebastien Borget, Shaquille O'Neal, Steve Aoki, Trevor McFedries
Apr 1, 2022	Levels	$38.0M Series A	—	01 Advisors, AAF Management Ltd., Kevin Hartz, Active Capital, Adapt Ventures, Afore Capital, AirAngels, Andreessen Horowitz, AngelList, at.inc/, Backed VC, Backstage Capital, Bain Capital, Basecamp Fund, Bedrock Capital, Bessemer Venture Partners, Brainchild, Buckley Ventures, C2 Investment, Caffeinated Capital, CapitalX, Color Capital, Costanoa Ventures, Craft Ventures, CrunchFund, Cyphr VC, Ali Tamaseb, Divergence Ventures, Jenny Fielding, Scott Hartley, Exponent Founders Capital, Forum Ventures, Founder Collective, Future Ventures, General Catalyst, Global Founders Capital, Greylock, Helium-3 Ventures, Hustle Fund, Incisive Ventures, Kearny Jackson, KW Angel Fund, Lightspeed Venture Partners, Liquid 2 Ventures, Long Journey Ventures, NextView Ventures, Not Boring Capital, Paradox Capital, Pioneer Square Labs, Precursor Ventures, Prototype Capital, Quiet Capital, Rising Tide Partners, Rivet Ventures, SaaSholic Fund, Scale Asia Ventures, Sequoia Capital, Shaan's All Access Fund, Shrug Capital, Solana Ventures, Soma Capital, Supernode Ventures, The Club, The Community Fund, The Hit Forge, Todd and Rahul's Angel Fund, Underscore VC, Unruly Capital, Unusual Ventures, UpHonest Capital, Vibe Capital, VZVC, Wave Capital, Weekend Fund, What If Ventures, Y Combinator, YLEM, Alex Lieberman, Anthony Pompliano, Arash Ferdowsi, Aston Motes, Augusto Marietti, Ben Tossell, Bradley Horowitz, Brendan O'Driscoll, Chris Herd, Dharmesh Shah, Dylan Field, Greg Isenberg, Howie Liu, Immad Akhund, Jack Smith, Jaime Schmidt, Jeremy Cai, Julian Shapiro, Justin Welsh, Karim Atiyeh, Kyle York, Louis Beryl, Maia Bittner, Manik Gupta, Mario Gabriele, Matt Bellamy, Matteo Franceschetti, Matthew Dellavedova, Moshe Lifschitz, Musaab Hakami, Paul McKellar, Paul Yacoubian, Sahil Lavingia, Sam Parr, Scott Banister, Scott Belsky, Siqi Chen, Sumon Sadhu, William Hockey, Zack Kanter
Mar 1, 2022	Modern Intelligence	$5.0M Seed	—	Active Capital, Backstage Capital, Bedrock Capital, Bessemer Venture Partners, CapitalX, Color Capital, Craft Ventures, Cyphr VC, Lightspeed Venture Partners, Long Journey Ventures, Paradox Capital, Prototype Capital, Rising Tide Partners, SaaSholic Fund, Shaan's All Access Fund, The Club, The Hit Forge, Vibe Capital, Weekend Fund, Alex Lieberman, Anthony Pompliano, Ben Tossell, Chris Herd, Dharmesh Shah, Greg Isenberg, Immad Akhund, Jaime Schmidt, Julian Shapiro, Justin Welsh, Kyle York, Moshe Lifschitz, Musaab Hakami, Paul Yacoubian, Sahil Lavingia, Sam Parr, Zack Kanter
Mar 1, 2022	Hourwork	$10.0M Series A	—	Active Capital, Backstage Capital, Bedrock Capital, Bessemer Venture Partners, CapitalX, Color Capital, Craft Ventures, Cyphr VC, Lightspeed Venture Partners, Long Journey Ventures, Paradox Capital, Positive Sum VC, Prototype Capital, Rising Tide Partners, Rogue Capital Collective, SaaSholic Fund, Shaan's All Access Fund, The Club, The Hit Forge, Vibe Capital, Weekend Fund, York IE, Alex Lieberman, Anthony Pompliano, Ben Tossell, Chris Herd, Dharmesh Shah, Greg Isenberg, Immad Akhund, Jaime Schmidt, Julian Shapiro, Justin Welsh, Kyle York, Moshe Lifschitz, Musaab Hakami, Paul Yacoubian, Sahil Lavingia, Sam Parr, Zack Kanter
Mar 1, 2022	Popchew	$4.0M Seed	—	Active Capital, Andreessen Horowitz, Anti fund, Backstage Capital, Bedrock Capital, Bessemer Venture Partners, Bond, BoxGroup, Browder Capital, CapitalX, Color Capital, Craft Ventures, Cyphr VC, Aniq Kassam, Lightspeed Venture Partners, Long Journey Ventures, Not Boring Capital, Paradox Capital, Pareto Holdings, Prototype Capital, Republic, Rising Tide Partners, SaaSholic Fund, Seven Seven Six, Shaan's All Access Fund, The Club, The Hit Forge, Trajectory Ventures, Vibe Capital, Weekend Fund, XFactor Ventures, Adam Guild, Adrian Aoun, Alex Lieberman, Anthony Pompliano, Balaji Srinivasan, Ben Tossell, Chris Herd, Cory Levy, Dharmesh Shah, Greg Isenberg, Immad Akhund, Jaime Schmidt, Julian Shapiro, Justin Welsh, Kyle York, Marcy Simon, Moshe Lifschitz, Musaab Hakami, Paul Yacoubian, Sahil Lavingia, Sam Altman, Sam Parr, Shane Curran, Shane Neman, Steve Aoki, Tim Ferriss, Zack Kanter
Mar 1, 2022	finally	$11.0M Series A	—	Active Capital, Amicus Capital, Backstage Capital, Baroda Ventures, B Capital Group, Bedrock Capital, Bessemer Venture Partners, Bow Capital, CapitalX, Color Capital, Craft Ventures, Cyphr VC, Fin Capital, Idealab, LGF, Lightspeed Venture Partners, Long Journey Ventures, Paradox Capital, Prototype Capital, Resolute Ventures, Rising Tide Partners, SaaSholic Fund, Shaan's All Access Fund, SignalFire, The Club, The Hit Forge, Vibe Capital, Weekend Fund, Alex Lieberman, Anthony Pompliano, Ben Tossell, Chris Herd, Dharmesh Shah, Eddie Lou, Gokul Rajaram, Greg Isenberg, Immad Akhund, Jaime Schmidt, Jason Goldberg, Julian Shapiro, Justin Welsh, Kim Perell, Kyle York, Manik Gupta, Moshe Lifschitz, Musaab Hakami, Paul Yacoubian, Robert Moore, Sahil Lavingia, Sam Parr, Zack Kanter

Financial History

Total Raised

N/A

Valuation

N/A

Leadership Team

Key people at LOI Venture.

Leadership Team

Key people at LOI Venture.

Deep Dive

High-Level Overview

LOI Venture is a seed-stage venture capital fund co-founded by Ryan Holmes (founder of Hootsuite) and Manny Padda, focused primarily on investing in Canadian startups founded by entrepreneurs under 30 who participate in the League of Innovators (LOI) program. The fund aims to accelerate early-stage startups by providing pre-seed and seed funding, mentorship, and resources, with a portfolio that spans diverse sectors including AI, fintech, health, climate, and more. Its mission centers on empowering young founders to scale their businesses, thereby fostering innovation and entrepreneurship within Canada’s startup ecosystem[1][3][4].

Origin Story

LOI Venture was established in December 2021 as an extension of the League of Innovators, a charity founded in 2014 by Ryan Holmes to support young Canadian entrepreneurs. The League of Innovators program has graduated over 250 businesses valued collectively near $1 billion. Co-founder Manny Padda, an angel investor and board member of the League, partnered with Holmes to launch LOI Venture as a $20 million fund to provide targeted capital and support to graduates of the LOI program, emphasizing early-stage investment in young founders[1][5].

Core Differentiators

Founder Focus: Exclusively backs founders under 30, primarily those who have completed the LOI program, creating a highly curated deal flow.
Integrated Support: Combines capital with mentorship and access to a network cultivated through the League of Innovators.
Diverse Sector Exposure: Invests across a broad range of sectors including AI, fintech, biotech, climate tech, consumer products, and more.
Early-Stage Expertise: Specializes in pre-seed and seed rounds, providing critical early capital ($100K to $1M) to startups at their most formative stages.
Strong Network: Leverages the founders’ community and the extensive entrepreneurial ecosystem built by the League of Innovators to support portfolio companies[1][3].

Role in the Broader Tech Landscape

LOI Venture rides the trend of youth-driven innovation and early-stage venture funding focused on underrepresented young entrepreneurs. By targeting founders under 30, it taps into a demographic often overlooked by traditional VC firms, fostering diversity and fresh ideas in the Canadian tech ecosystem. The timing is significant as Canada’s startup scene grows rapidly, with increasing government and private sector support for innovation. LOI Venture’s model strengthens the pipeline from education and mentorship (via the League of Innovators) to funding, thus enhancing startup success rates and contributing to a more vibrant, inclusive tech ecosystem[1][4].

Quick Take & Future Outlook

Looking ahead, LOI Venture is well-positioned to expand its impact by scaling its fund size, deepening sector expertise, and broadening its network of young founders. Trends such as AI, climate tech, and fintech will likely shape its investment focus, aligning with global innovation priorities. As the LOI program continues to grow, LOI Venture’s influence in nurturing Canada’s next generation of tech leaders is expected to strengthen, potentially inspiring similar models worldwide that combine education, community, and capital for young entrepreneurs[1][3][4].

Sources

High-Level Overview

Origin Story

Core Differentiators

Founder Focus: Exclusively backs founders under 30, primarily those who have completed the LOI program, creating a highly curated deal flow.
Integrated Support: Combines capital with mentorship and access to a network cultivated through the League of Innovators.
Diverse Sector Exposure: Invests across a broad range of sectors including AI, fintech, biotech, climate tech, consumer products, and more.
Early-Stage Expertise: Specializes in pre-seed and seed rounds, providing critical early capital ($100K to $1M) to startups at their most formative stages.
Strong Network: Leverages the founders’ community and the extensive entrepreneurial ecosystem built by the League of Innovators to support portfolio companies[1][3].