Pioneer Fund

Pioneer Fund is a venture capital firm founded in 2017, with its headquarters in Toronto, Canada. The firm focuses on early-stage investments and is particularly tied to the Y Combinator network, comprising over 420 alumni from the accelerator program. Pioneer Fund targets a diverse range of sectors, including consumer products, financial services, information technology, advanced manufacturing, blockchain, life sciences, gaming, artificial intelligence, and education technology, among others. By leveraging its connection to Y Combinator, Pioneer Fund aims to support innovative startups with high growth potential across various industries.

Bryant Chou

Senior Venture Partner

Mike Dilworth

CFO and General Partner

Jarret Glasscock

Senior Venture Partner and Healthcare Biotech

Beth Kolko

Senior Venture Partner

Parthi Loganathan

Venture Partner

Dave Messina

General Partner

Eric Norman

Visiting General Partner

Will Olsen

Venture Partner

Alexander Strunkin

Venture Partner

Jonathan Tang

Senior Venture Partner

Kitch Wilson

Venture Partner

Past deals in Open Source

Exploding Gradients

Pre Seed Round in 2024
Exploding Gradients is into building an open-source evaluation and testing infrastructure for LLM applications.

Ubicloud

Seed Round in 2024
Ubicloud operates an Infrastructure-as-a-Service (IaaS) platform that offers an open source cloud solution designed for flexibility and cost efficiency. Users can either utilize Ubicloud's managed service, which aims to reduce cloud expenditures by 3 to 10 times, or opt for self-hosting to maintain control over their cloud environment. The platform provides essential features such as elastic computing, virtual networking, block storage, and Attribute-Based Access Control (ABAC). By leveraging open source technology, Ubicloud enables businesses to access and manage their cloud services more effectively, ensuring greater autonomy over their infrastructure.

Flower Labs

Series A in 2024
Flower Labs is an open-source framework specializing in federated learning, which allows organizations to train artificial intelligence models on distributed data while maintaining data privacy. The platform supports various machine learning frameworks and programming languages, making it adaptable to diverse operating systems and hardware environments. By facilitating the training of AI on sensitive data spread across different organizational silos or user devices, Flower Labs empowers companies like Banking Circle, Nokia, Porsche, and Brave to enhance their AI capabilities. The approach aims to utilize a broader spectrum of data than traditional centralized methods, potentially unlocking significant advancements in artificial intelligence applications.

Tracecat

Pre Seed Round in 2024
Tracecat is a developer of a cloud-based security management tool that simplifies threat detection and response for businesses of all sizes. By utilizing AI-powered anomaly detection, Tracecat analyzes log data from multiple sources to identify suspicious activities and potential security incidents in real-time. The platform features automated workflows that enhance the efficiency of security teams, enabling them to make quicker and more informed decisions. As an AI-native and open-source alternative to existing security orchestration tools, Tracecat aims to provide a cost-effective solution for organizations seeking to bolster their cybersecurity measures.

Twenty (YC S23)

Seed Round in 2023
Building a better Salesforce, powered by the Open Source community.

Flower Labs

Pre Seed Round in 2023
Flower Labs is an open-source framework specializing in federated learning, which allows organizations to train artificial intelligence models on distributed data while maintaining data privacy. The platform supports various machine learning frameworks and programming languages, making it adaptable to diverse operating systems and hardware environments. By facilitating the training of AI on sensitive data spread across different organizational silos or user devices, Flower Labs empowers companies like Banking Circle, Nokia, Porsche, and Brave to enhance their AI capabilities. The approach aims to utilize a broader spectrum of data than traditional centralized methods, potentially unlocking significant advancements in artificial intelligence applications.

Netmaker

Seed Round in 2022
Netmaker is an open-source platform with a modern virtual networking solution on wireguards.

Hydra

Pre Seed Round in 2022
Hydra is an open source Snowflake alternative that transforms Postgres into a fast, scalable data warehouse. With Hydra, engineers can standardize both transactional and analytics workloads around the familiar Postgres syntax, tools, and ecosystem without app code changes. Hydra offers a fully managed cloud instance with columnar storage and high throughput writes. In addition, Hydra decouples Postgres' query layer from compute and storage to enable developers to run Postgres queries across any database. Hydra's mission is to end vendor lock-in and standardize on developers' favorite open-source database, Postgres.

Netmaker

Venture Round in 2022
Netmaker is an open-source platform with a modern virtual networking solution on wireguards.

Hydra

Seed Round in 2022
Hydra is an open-source data warehouse that specializes in columnar storage, vectorization, and parallelized query execution

Athens Research

Seed Round in 2021
Open-Source Roam Research. A private, extensible, and community-driven knowledge graph.
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