Panache Ventures

Panache Ventures is a Canadian early-stage venture capital firm that focuses on pre-seed and seed investments in technology startups. Founded in 2018, it maintains an office network across Montreal, Calgary, Vancouver, Toronto, and San Francisco. The firm backs companies in artificial intelligence, cybersecurity, blockchain, virtual reality, enterprise software and data analytics, fintech, digital health, B2B software, consumer tech, property technology, and supply chain, among other technology-driven sectors. Panache seeks to support ambitious startups with potential for scale, emphasizing opportunities in Canada while enabling cross-border activity into the United States.

Dan Belostotsky

Venture Partner

Mukund Chopra

Venture Partner

Domenic Del Vecchio

Associate

David Dufresne

Partner

Timothy Kwok

Associate

Nadia Lachman

Analyst

Scott Loong

Partner

Prashant Matta

Partner

Chris Neumann

General Partner

Geneviève Tanguay

Partner

Sarah Willson

Analyst

Past deals in Ontario

Lotly

Seed Round in 2023
Lotly is a Toronto-based company that facilitates housing financial support by connecting homebuyers with real estate investors. Its platform helps individuals secure down payment loans and avoid rental payments.

Mayday

Seed Round in 2022
Mayday Labs Inc. is a Toronto-based company that specializes in designing and developing wellness and productivity software solutions. Founded in 2018, the company focuses on creating an AI-assisted scheduling tool that helps users organize and optimize their time effectively. This tool analyzes how time is allocated across various activities and offers calendar management features, including automatic travel time scheduling. By providing personalized assistance and recommendations for daily time management, Mayday Labs aims to enhance productivity and adapt to changing schedules, enabling users to manage their time more efficiently.

Forma.ai

Series A in 2021
Forma.ai is a Toronto‑based technology company that offers an artificial intelligence‑driven platform for designing, executing, and optimizing sales compensation plans. Founded in 2016 by Nabeil Alazzam, the company enables organizations to create incentive structures, administer them in real time, and monitor individual performance against strategic goals. By integrating data models and AI analytics, the platform tracks sales activity, identifies patterns, and adjusts compensation to encourage desired customer interactions, thereby improving sales agility and motivation. Forma.ai serves businesses across Canada and the United States.

FleetOps

Seed Round in 2020
FleetOps is a Toronto-based freight technology company that operates a freight marketplace and a carrier-focused platform to connect brokers, shippers, and trucking capacity. The company automates the allocation of loads to drivers by analyzing telematics data from providers to determine truck locations, routes, idle time, available driving hours, and driver behavior, and it uses AI to match loads with suitable drivers. The platform also delivers tailored analytics and KPIs for carrier trucking operations, helping to optimize dispatch and execution.

Swyft

Seed Round in 2020
Swyft is a B2B marketplace offering same-day delivery for brands and retailers. It enables carriers to digitize or automate a good deal of what they’re traditionally doing by hand. Ship via Swyft and gain unified bills, digital PODs, real-time track and trace, branded customer notifications, SMS updates, and more. Swyft converts more shoppers at checkout and delights them with reliable and affordable same-day delivery. Swyft was founded in 2020 and is based in Toronto, Canada.

Lilia

Seed Round in 2020
Founded in 2019, Lilia is a fertility support company headquartered in Toronto, Canada. It offers a home diagnostic test for fertility hormone assessment and connects users with specialists through its resource hub, providing guidance on reproductive health.

Roost

Pre Seed Round in 2019
Roost Living, Inc. is a property management company based in Toronto, Canada, specializing in co-living spaces and long-term rentals. Established in 2018, Roost focuses on providing an end-to-end rental platform that simplifies the renting process for modern tenants, particularly targeting Gen Z and Millennial renters. The company offers a range of services, including the design, furnishing, and leasing of properties, as well as building repair services. Through the use of data and hyper-personalization, Roost aims to enhance the renting experience for both tenants and landlords, making it as convenient as booking a hotel. The company is supported by several venture capital firms and angel investors, reflecting its commitment to leveraging technology in the real estate sector.

Mayday

Pre Seed Round in 2019
Mayday Labs Inc. is a Toronto-based company that specializes in designing and developing wellness and productivity software solutions. Founded in 2018, the company focuses on creating an AI-assisted scheduling tool that helps users organize and optimize their time effectively. This tool analyzes how time is allocated across various activities and offers calendar management features, including automatic travel time scheduling. By providing personalized assistance and recommendations for daily time management, Mayday Labs aims to enhance productivity and adapt to changing schedules, enabling users to manage their time more efficiently.

Wolf and Grizzly

Seed Round in 2019
Wolf and Grizzly is a Canadian company, established in 2017 and headquartered in Kitchener, that specializes in designing and manufacturing outdoor products tailored for adventurous activities. The company offers a range of items aimed at enhancing the outdoor experience, including grill kits, campfire sets, fire starter kits, cooking sets, cast-iron Dutch ovens, wilderness gloves, spark fibers, and hammocks. With a focus on advanced product design techniques, Wolf and Grizzly sells its innovative outdoor tools directly to customers through its online platform, primarily serving the markets in the United States and Canada.

BeatDapp

Seed Round in 2019
BeatDapp is a music technology company that provides streaming fraud detection and data integrity solutions for the music industry. The platform authenticates and validates media streamed in real time to reduce discrepancies between digital service providers and rights holders, helping labels, artists, and distributors ensure fair compensation and lower audit costs. With offices in Vancouver, Los Angeles, and Toronto, BeatDapp serves streaming services, labels, collection societies, creator tools, and distributors by delivering accurate streaming data and insights to combat fraud and improve royalty reporting.

Lilia

Pre Seed Round in 2019
Founded in 2019, Lilia is a fertility support company headquartered in Toronto, Canada. It offers a home diagnostic test for fertility hormone assessment and connects users with specialists through its resource hub, providing guidance on reproductive health.

CYBERNETIQ

Seed Round in 2019
CYBERNETIQ, INC. is a cybersecurity software company based in Ottawa, Canada, founded in 2009. The company has developed the Control Layer Assessment Workstation (CLAW), an attack surface analysis platform designed to enhance visibility and security across networks. CLAW enables users to identify and quantify vulnerabilities within their systems, monitor and detect security events, and respond effectively to incidents. The platform also aids in searching for and isolating advanced threats, providing a comprehensive toolset for security operators. By integrating various cybersecurity applications and tools, CLAW helps organizations build and maintain a robust security posture in an increasingly complex threat landscape.

reDock

Seed Round in 2019
reDock Inc., established in 2016 and headquartered in Ottawa, Canada, specializes in AI-driven software that streamlines and accelerates the process of responding to complex Request for Proposals (RFPs). Its platform automates document management, requirement matching, and compliance checks, enabling IT consulting, IT staffing, and management consulting firms in North America to create compelling proposals up to ten times faster.

Medstack

Seed Round in 2019
Founded in 2015, Medstack operates an end-to-end cloud platform designed specifically for healthcare application developers. Its services streamline development processes by offering automated security measures, pre-written compliance policies, and a scalable DevOps platform. This enables digital health companies to meet privacy, security, and interoperability expectations efficiently.

FleetOps

Seed Round in 2018
FleetOps is a Toronto-based freight technology company that operates a freight marketplace and a carrier-focused platform to connect brokers, shippers, and trucking capacity. The company automates the allocation of loads to drivers by analyzing telematics data from providers to determine truck locations, routes, idle time, available driving hours, and driver behavior, and it uses AI to match loads with suitable drivers. The platform also delivers tailored analytics and KPIs for carrier trucking operations, helping to optimize dispatch and execution.

Wisk Solutions

Pre Seed Round in 2016
Wisk Solutions Inc. is a Canadian company based in Toronto that specializes in developing software for managing alcoholic beverage operations. Founded in 2014, the company offers solutions aimed at optimizing various aspects of inventory management, including consumption analysis, product pricing, and purchase order management. Wisk's software is designed to streamline operations for a diverse clientele that includes hotels, clubs, restaurants, and bars, significantly reducing the time spent on inventory counting and data compilation.
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