The Canadian AI Index

Investors / Innospark Ventures

Innospark Ventures

Innospark Ventures is a venture capital firm based in the United States. Innospark Ventures has backed 2 Canadian AI companies in the Index, joining 2 tracked rounds and leading 2. The most recent was Phaseshift Technologies's US$3M seed round in October 2024. Innospark Ventures most often invests alongside BDC Thrive Venture Fund, Draper Associates and First Star Ventures.

VC based in US. 2 Canadian AI companies in the Index, 2 tracked rounds, 2 as lead.

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Type
VC
HQ country
US
Companies
2
Tracked rounds
2
Led
2
First tracked deal
Haloo (Heirlume), Jun 2024
Latest tracked deal
Phaseshift Technologies, Oct 2024

Portfolio

CompanyRounds joined (date, round size)Company's total raisedRole
Phaseshift TechnologiesSeed · Oct 2024 · US$3M round (lead)US$3MLead
Haloo (Heirlume)Series A · Jun 2024 · US$3.5M round (lead)C$5.8MLead

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

Frequent co-investors

BDC Thrive Venture Fund (1 shared round), Draper Associates (1 shared round), First Star Ventures (1 shared round), Hustle Fund Angel Squad (1 shared round), LOI Venture (1 shared round), W Fund (1 shared round)

Data as of November 10, 2026.

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