The Canadian AI Index

Investors / Frostbite Capital

Frostbite Capital

Frostbite Capital is a venture capital firm based in Canada. Frostbite Capital has backed 2 Canadian AI companies in the Index, joining 2 tracked rounds. The most recent was Lastwall's C$16M bridge round in May 2026. Frostbite Capital most often invests alongside 18West, BDC Seed Venture Fund and BDC StrongNorth Fund.

VC based in Canada. 2 Canadian AI companies in the Index, 2 tracked rounds.

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Type
VC
HQ country
Canada
Companies
2
Tracked rounds
2
Led
0
First tracked deal
Irréversible, Jan 2026
Latest tracked deal
Lastwall, May 2026

Portfolio

CompanyRounds joined (date, round size)Company's total raisedRole
LastwallBridge/Extension · May 2026 · C$16M roundC$16M—
IrréversiblePre-seed · Jan 2026——

A round's size is the whole round as announced, not this investor's cheque.

Frequent co-investors

18West (1 shared round), BDC Seed Venture Fund (1 shared round), BDC StrongNorth Fund (1 shared round), Blue Bear Capital (1 shared round), BlueWing Ventures (1 shared round), New Brunswick Innovation Foundation (1 shared round), Quantacet (1 shared round), Tofino Capital (1 shared round)

Data as of November 10, 2026.

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