Sprout Fund
Venture and Mentor Capital
Sprout Fund is a venture capital firm that invests in innovative seed-stage technology companies in Canada focused on B2B s markets
Looking for funding? Contact: info@sproutfund.vc
Investing in innovative seed-stage Canadian tech companies
We’ve invested in the following markets: enterprise SaaS, property tech, health tech, gaming applications, fintech, mental health apps, workflow optimization software, no-code applications, payment apps, retail web apps, and many others!
Venture Growth
Seed stage venture and mentor capital to accelerate your growth
Mentorship & Advice
Help you grow your company quickly and efficiently
Investor Introductions
Raise additional follow-on funding for your startup
Our Companies
We recognize that the most successful founding teams, building the most globally relevant companies, demonstrate a unique blend of hustle and diversity
See if we’re the right fit
Before you send us your investor deck, check out what we look for in an investment. The first three criteria – founding team, market opportunity, and product-market fit – are extremely important to us! The other things we consider below are helpful but not necessarily required to get a deal done with us.
We invest in innovative technology companies with these characteristics:
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Founding Team
Visionary, Committed, Coachable, Skilled, Aligned, with Market Fit
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Market Opportunity
Large, Growing, and Attractive; with a Manageable Competitive Landscape
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Product Market Fit
MVP + Initial Market Validation; Early Revenue and Growth Potential
Other things we consider in evaluating our venture capital investments:
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Timing
Supportive Market Trends; Not Too Early or Too Late, Just Right
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Problem
Big Pain; Customers Care About It + Are Willing to Pay
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Customers
Understand Who + How to Reach; Realistic Go to Market Strategy
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Business Model
Clear + Compelling; Increasing Scale Returns; Realizable Projections
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Competitive Advantage
Secret Sauce / Protective Moat for Product or Technology
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Funding
Smart Use; Enough to Reach Milestones; Series A Potential; Exit Opportunities
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Deal Terms
Valuation, Investment Amount, % Ownership; Cap Table; USA Terms
News
Here’s the latest from Sprout
Sprout leads round in Lightstrike, an AI startup that maps complex enterprise software environments and identifies potential dependency risks
Edmonton, Alberta – Sprout Fund II is leading an investment in Calgary-based application dependency management startup, Lightstrike. The company has completed its first outside round from a syndicate of investors…
Sprout invests in Rithmik Solutions, an AI company that optimizes the use of mobile mining equipment and reduces environmental impact
Montreal, Quebec — Rithmik Solutions, a leader in AI-powered analytics for mobile equipment optimization in the mining industry, is thrilled to announce the successful closure of a $2 million funding…
Sprout Fund invests in Dyne Technologies which uses machine learning to improve restaurant margins and customer loyalty
Edmonton, Alberta – Sprout Fund has completed its eighth investment from Sprout Fund II into high growth, Vancouver-based, restaurant tech startup, Dyne, as part of a $1.5m seed round. Dyne…
Alberta Enterprise Corporation invests in Alberta-based Sprout’s second seed capital fund
AEC invests CAD $2.5 million into Sprout Fund II to provide seed-stage venture and mentor capital to Alberta and Western Canadian B2B software startups. EDMONTON, March 9, 2023 – Alberta…
Sprout Fund invests in Bright Breaks which uses artificial intelligence to boost Workplace Wellness, 7 minutes at a time
Edmonton, Alberta & Halifax, Nova Scotia – Feb 15, 2023 Sprout Fund has completed its seventh investment from Sprout Fund II into Nova Scotian employee wellness startup, Bright Breaks, along…
Sprout Fund announces investment in fintech software startup
Edmonton, Alberta – Feb 1, 2023 Sprout Fund has completed its sixth investment from Sprout Fund II into Vancouver-based, Levr.ai, a fintech startup transforming the way businesses access and manage…
Sprout Fund announces investment in digital restaurant platform provider, Truffle
Edmonton, Alberta – July 12, 2022 Sprout Fund has completed its fifth investment in Edmonton-based digital restaurant platform company, Truffle. The company has successfully completed a significant round from a…
Sprout Fund announces an investment in telehealth startup, Care2Talk
Edmonton, Alberta – June 28, 2022 Sprout Fund has completed its fourth investment in another Western Canadian startup – Victoria-based health-tech communications company, Care2Talk. The company has successfully completed a…
Sprout Fund announces three investments in Western Canadian startups within a month of launching Fund II
Edmonton, Alberta – June 7th, 2022 Western Canada-based Sprout Fund announces three new investments from its recently launched Sprout Fund II. With over $10 million under management, the team is…
Sprout Fund announces the 1st close of Sprout Fund II to invest in promising Western Canadian B2B software startups
Edmonton, Alberta – May 3rd, 2022 Western Canada-based Sprout.vc announces the 1st close of its new Seed fund – Sprout Fund II. Sprout Fund now has over $10m under management…