Panache Ventures

ActiveVenture Capital

Updated: Dec 5, 2025 ·

Financial History

Total Raised

N/A

Valuation

N/A

Investments Made

Date	Company	Round	Lead Investor(s)	Co-Investor(s)
Jun 1, 2024	Credit App	$2.0M Seed	—	B Capital Group, Jacob Conger, iNovia Capital, Preface Ventures, Stellar Capital, Tribe Capital, Bart Swanson, Moshe Lifschitz, Ron Pragides
Aug 1, 2023	Mitra Chem	$40.0M Series B	—	Ada Ventures, Anthemis Group, B Capital Group, Dig Ventures, Jacob Conger, iNovia Capital, Preface Ventures, Ribbit Capital, Social Capital, Stellar Capital, Tribe Capital, Bart Swanson, Bhavin Turakhia, Malcolm Ferguson, Moshe Lifschitz, Will Brooks, Will Martin
Jul 1, 2023	Silo	$35.0M Series C	—	Andreessen Horowitz, B Capital Group, Gradient Ventures, Jacob Conger, Initialized Capital, iNovia Capital, Pareto Holdings, Preface Ventures, Stellar Capital, Tribe Capital, Bart Swanson, Gokul Rajaram, Moshe Lifschitz, Ron Pragides, Stanley Tang
Nov 1, 2022	Strategic Risk Associates	$12.0M Series B	—	BDC Venture Capital, FINTOP Capital, Tom Davis
Nov 1, 2022	Private AI	$8.0M Series A	—	BDC Venture Capital, Faber, FINTOP Capital, M12, Charlie Songhurst, Nicolas Berggruen, Tom Davis
Jun 1, 2022	Impro	$2.0M Seed	—	iNovia Capital
Jun 1, 2022	Perimeter 81	$100.0M Series C	—	B Capital Group, Jacob Conger, iNovia Capital, Insight Partners, Journey Ventures, Moderne Ventures, Preface Ventures, Stellar Capital, Toba Capital, Tribe Capital, Bart Swanson, Moshe Lifschitz, Ron Pragides
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, LOI Venture, Mayfield, Mechanism Capital, Liza Landsman, Sheila Lirio Marcelo, 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
Sep 1, 2021	Tiggy	$6.0M Seed	—	Banana Capital, LAUNCH, LOI Venture, Northside Ventures, Nyca Partners, Plug & Play Ventures, Thomas Pentz, TQ Ventures, Demi Lovato, Lev Ekster, Philippe Teixeira da Mota, Scott Belsky
Jul 1, 2021	PainWorth	$2.0M Seed	—	2048 Ventures, Banana Capital, LAUNCH, LOI Venture, Thomas Pentz, Lev Ekster
Jun 1, 2021	SoleSavy	$13.0M Series A	—	Banana Capital, B Capital Group, Browder Capital, Climate Capital, Jacob Conger, iNovia Capital, KRM Interests LLC, Lightspeed Venture Partners, Preface Ventures, Stellar Capital, Torch Capital, Tribe Capital, Bart Swanson, Jeff Chang, Moshe Lifschitz, Ron Pragides, Sahil Lavingia
May 1, 2021	Twosense, Inc.	$3.0M Seed	—	B Capital Group, Glasswing Ventures, Grotech Ventures, Jacob Conger, iNovia Capital, Mindset Ventures, Predictive VC, Preface Ventures, Spero Ventures, Stellar Capital, Techstars Impact Fund, Tribe Capital, Bart Swanson, Justin Label, Moshe Lifschitz, Ron Pragides
Apr 1, 2021	My Intelligent Machines	$5.0M Seed	—	BDC Venture Capital, Metanoia, Michelle McBane
Apr 1, 2021	Kandji	$60.0M Series B	—	B Capital Group, Headline (formerly e.ventures), iNovia Capital, Preface Ventures, Stellar Capital, Tribe Capital, Bart Swanson, Moshe Lifschitz, Ron Pragides
Apr 1, 2021	BRYTER	$66.0M Series B	—	Accel, Boldstart Ventures, Dawn Capital, Dynamo Ventures, Brandon Deer, Charlie Songhurst, Jevon MacDonald, Julian Levy
Apr 1, 2021	Modern Meadow	$130.0M Series C	—	Astanor Ventures, B Capital Group, Jacob Conger, iNovia Capital, Preface Ventures, Stellar Capital, Talis Capital, Tribe Capital, Bart Swanson, Moshe Lifschitz, Ron Pragides
Mar 1, 2021	Silo	$25.0M Series B	—	B Capital Group, Jacob Conger, iNovia Capital, Preface Ventures, Stellar Capital, Tribe Capital, Bart Swanson, Moshe Lifschitz, Ron Pragides
Mar 1, 2021	Truss	$660K Seed	—	Banana Capital, LAUNCH, LOI Venture, Thomas Pentz, Lev Ekster
Mar 1, 2021	Dooly	$17.0M Series A	—	2048 Ventures, 20VC, 468 Capital, Addition, Afore Capital, AirAngels, Allison Pickens Ventures, formerly The New Normal Fund, Alumni Ventures, Alven, Arrive, Ascend Vietnam Ventures, Boldstart Ventures, Bond, Broadhaven Capital Partners, C2 Investment, CFV Ventures, Chemistry VC, Coatue, Cubit Investments Ltd, Dawn Capital, Decibel Partners, Essence VC, Gradient Ventures, Lionheart Ventures, Mercato Partners, Not Boring Capital, Nyca Partners, Paradigm, Pareto Holdings, Pioneer Fund, Plaid, Redpoint Ventures, Renegade Partners, RTP Global, Saga, SeaX Ventures, #SecretFund, sequel, Seven Seven Six, Spark Capital, Stellar Capital, Matthew Brown, TCV, TechAviv Founder Partners, Thirty Five Ventures, Todd and Rahul's Angel Fund, Uncork Capital, Union Square Ventures, WorkLife Ventures, Antoine Martin, Calvin Chu, Charlie Songhurst, Christian Reber, Clint Smith, Colin Carrier, Cristina Cordova, Eric Wu, Fareed Mosavat, Gokul Rajaram, Guy Podjarny, Jeff Chang, Jevon MacDonald, John Collison, Julian Levy, Kelvin Beachum Jr., Kenny Van Zant, Marc McCabe, Martin Li, Max Mullen, Nicolas Steegmann, Sahin Boydas, Sam Altman, Simon Dawlat
Feb 1, 2021	Pex	$57.0M Series A	—	Better Tomorrow Ventures, Humba Ventures, Illuminate Ventures, iNovia Capital, Fanny Surjana, Kevin Swan
Jan 1, 2021	SoleSavy	$2.0M Seed	—	ARCH Venture Partners, Banana Capital, B Capital Group, Browder Capital, Climate Capital, Foundry Group, Jacob Conger, High Alpha, iNovia Capital, KRM Interests LLC, Lightspeed Venture Partners, LOI Venture, Menlo Ventures, Preface Ventures, Stellar Capital, Torch Capital, Tribe Capital, Bart Swanson, Jeff Chang, Moshe Lifschitz, Ron Pragides, Rudy Gadre, Sahil Lavingia
Nov 1, 2020	Hellosaurus	$4.0M Seed	—	11, Accel, Addition, Alumni Ventures, Avalon Ventures, Basis Set Ventures, B Capital Group, Craft Ventures, Dimension Capital, Founder Collective, Founders Fund, Haun Ventures, Jacob Conger, ICONIQ Capital, iNovia Capital, In-Q-Tel, Jetstream, Khosla Ventures, LGF, Long Journey Ventures, NEO, Paradox Capital, Pareto Holdings, Preface Ventures, Primer Sazze Partners, Sequoia Capital, Slow Ventures, Stellar Capital, Stellation Capital, The Hit Forge, Tribe Capital, Ulu Ventures, XStarPartners, XYZ Venture Capital, Amjad Masad, Anna Yuan, Bart Swanson, Bradley Horowitz, David Mytton, Guillaume Lestrade, Julie Zhuo, Michael Stoppelman, Moshe Lifschitz, Oleg Rogynskyy, Omar El-Ayat, Ron Pragides, Sam Altman, Tobias Lutke, Tony Xu, Young Song
Oct 1, 2020	Kandji	$21.0M Series A	—	B Capital Group, Headline (formerly e.ventures), iNovia Capital, Preface Ventures, Stellar Capital, Tribe Capital, Bart Swanson, Moshe Lifschitz, Ron Pragides
Oct 1, 2020	Certn	$21.0M Series A	—	Alumni Ventures, Andreessen Horowitz, BDC Venture Capital, Boldstart Ventures, Chalfen Ventures, FINTOP Capital, IA Seed Ventures, iNovia Capital, Insight Partners, Intel Capital, Pareto Holdings, Stellar Capital, Tribe Capital, WestWave Capital, Guy Podjarny, Jeremy Yap, Thomas Noonan, Tom Davis
Jun 1, 2020	Cape.ai	$5.0M Seed	—	Boldstart Ventures, Dawn Capital, Brandon Deer, Charlie Songhurst, Jevon MacDonald, Julian Levy

Financial History

Total Raised

N/A

Valuation

N/A

Leadership Team

Key people at Panache Ventures.

Leadership Team

Key people at Panache Ventures.

Deep Dive

High-Level Overview

Panache Ventures is a leading Canadian venture capital firm specializing in early-stage investments, primarily at the pre-seed and seed stages. Its mission is to back visionary founders from day one, helping them build high-growth technology companies across Canada. The firm invests across diverse sectors including enterprise software, AI/ML, fintech, blockchain/web3, health tech, and climate tech. Panache Ventures emphasizes a founder-friendly, hands-on approach, providing extensive mentorship and support to help startups scale rapidly. It is notable for its commitment to diversity and inclusion, with a portfolio where over half of the companies are led by persons of color and a higher-than-average investment rate in women-led startups[1][3].

Origin Story

Founded in 2018, Panache Ventures has quickly established a strong national presence with offices in Montreal, Toronto, Calgary, and Vancouver. The firm was founded by experienced operators and investors, including key partners like Chris Neumann, Scott Loong, Prashant Matta, and Patrick Lor, who bring deep operational and venture capital expertise. Over time, Panache has evolved to focus exclusively on capital-efficient technology startups with global ambitions, avoiding capital-intensive or non-technology service businesses. Its first fund raised over $58 million and invested in 100 companies, while its second fund closed at $100 million, supported by major institutional investors such as Alberta Enterprise Corporation and TELUS Ventures[1][2][4].

Core Differentiators

Unique Investment Model: Focus on pre-seed and seed rounds with initial checks up to $1.5 million, emphasizing capital efficiency and global scalability.
Founder-First Philosophy: No board seats or ego, just hands-on operational support and mentorship from day one.
Strong Network: Coast-to-coast presence in Canada with connections to Silicon Valley and global investors, facilitating warm introductions and follow-on funding.
Diversity Commitment: Portfolio includes 52% companies led by persons of color and invests in women-led startups at nearly twice the national average.
Track Record: Over 126 investments with notable exits such as fintech company Flinks and proptech company Lane.
Operating Support: Deep operational experience from partners who are former operators, providing practical guidance beyond capital[1][2][3][4].

Role in the Broader Tech Landscape

Panache Ventures rides the wave of early-stage technology innovation in Canada, a market increasingly recognized for its AI, fintech, and climate tech startups. The timing is critical as Canadian tech ecosystems mature, and Panache’s focus on capital-efficient startups aligns with market demands for sustainable growth and global competitiveness. By supporting founders from day one and emphasizing diversity, Panache influences the broader ecosystem by fostering inclusive innovation and helping Canadian startups scale internationally. Its proprietary AI-driven dataset tracking Canadian startups further positions it as a key player in identifying and nurturing emerging tech trends[1][4].

Quick Take & Future Outlook

Looking ahead, Panache Ventures is poised to deepen its impact on the Canadian and North American startup ecosystems by continuing to lead pre-seed and seed investments in high-potential technology ventures. Trends shaping its journey include the growing importance of AI/ML, fintech innovation, and climate tech solutions. As Panache scales its fund size and portfolio, its influence will likely expand through stronger founder networks, more strategic co-investments, and enhanced operational support. This trajectory reinforces Panache’s role as a foundational partner for Canadian tech entrepreneurs aiming to build globally competitive companies from the ground up[1][3][4].

Sources

High-Level Overview

Origin Story

Core Differentiators

Unique Investment Model: Focus on pre-seed and seed rounds with initial checks up to $1.5 million, emphasizing capital efficiency and global scalability.
Founder-First Philosophy: No board seats or ego, just hands-on operational support and mentorship from day one.
Strong Network: Coast-to-coast presence in Canada with connections to Silicon Valley and global investors, facilitating warm introductions and follow-on funding.
Diversity Commitment: Portfolio includes 52% companies led by persons of color and invests in women-led startups at nearly twice the national average.
Track Record: Over 126 investments with notable exits such as fintech company Flinks and proptech company Lane.
Operating Support: Deep operational experience from partners who are former operators, providing practical guidance beyond capital[1][2][3][4].