Investors / Mistral Venture Partners
Mistral Venture Partners
Mistral Venture Partners is a venture capital firm based in Canada. Mistral Venture Partners has backed 38 Canadian AI companies in the Index, joining 18 tracked rounds and leading 8. The most recent was Thri5's US$5.4M seed round in September 2026. Mistral Venture Partners most often invests alongside MaRS Investment Accelerator Fund, Relay Ventures and Inovia Capital.
VC based in Canada. 38 Canadian AI companies in the Index, 18 tracked rounds, 8 as lead.
- Type
- VC
- HQ country
- Canada
- Companies
- 38
- Tracked rounds
- 18
- Led
- 8
- First tracked deal
- Blue J, Feb 2017
- Latest tracked deal
- Thri5, Sep 2026
- Website
- mistral.vc
Portfolio
| Company | Rounds joined (date, round size) | Company's total raised | Role |
|---|---|---|---|
| Thri5 | Seed · Sep 2026 · US$5.4M round (lead) | US$5.4M | Lead |
| Ultimarii | Series A · Sep 2026 · C$13M round (lead) | C$18.2M | Lead |
| Walaw | Pre-seed · Aug 2026 · C$1.5M round | C$1.5M | — |
| Backboard.io | Pre-seed · Jan 2026 (lead) | — | Lead |
| Frugal | Seed · Nov 2025 · US$5M round | US$5M | — |
| Chatforce | Pre-seed · Nov 2025 · C$2.1M round | C$2.1M | — |
| Ready Plan Go | Pre-seed · Oct 2025 · C$750K round | C$750K | — |
| Trusty | Pre-seed · Jul 2025 · C$1M round | C$1M | — |
| runQL | Pre-seed · Nov 2024 · C$1.6M round (lead) | C$1.6M | Lead |
| Bloks | Seed · Sep 2024 · US$1.5M round (lead) | C$2.3M | Lead |
| Databiomes | Pre-seed · 2024 (lead) | — | Lead |
| Armilla AI | Bridge/Extension · Feb 2024 · US$4.5M round (lead) | C$9.2M | Lead |
| Lemurian Labs | Seed · Oct 2023 · US$9M round | US$37M | — |
| Mercator AI | Seed · 2022 · US$780K round | US$4.5M | — |
| Blue J | Seed · Feb 2017 (lead)Series A · Nov 2018 · US$7M roundSeries B · Aug 2021 · US$9M round | C$190.8M | Led Seed |
| Symend | Series B · May 2020 · US$52M round | US$92M | — |
| Alokai AI* | — | — | — |
| Attain* | — | — | — |
| Bidaya AI* | — | C$840K | — |
| Booked AI* | — | — | — |
| BusPas* | — | C$5.6M | — |
| Cheffer* | — | — | — |
| Cohere* | — | C$9.1B | — |
| Crashlabs AI* | — | — | — |
| Dessn* | — | — | — |
| Guild AI* | — | — | — |
| Haloo (Heirlume)* | — | C$5.8M | — |
| Inference Health* | — | — | — |
| Jevy* | — | — | — |
| Matt3r* | — | — | — |
| Meissner* | — | US$2.6M | — |
| Noze* | — | C$1M | — |
| Outpoint* | — | — | — |
| PolicySolver* | — | — | — |
| SalesAsk* | — | — | — |
| Sensibill* | — | — | — |
| Walter* | — | — | — |
| Youthfully* | — | — | — |
A round's size is the whole round as announced, not this investor's cheque.
* Held per the firm's portfolio page or reported coverage, without a round tracked in the Index.
Frequent co-investors
MaRS Investment Accelerator Fund (3 shared rounds), Relay Ventures (3 shared rounds), Inovia Capital (2 shared rounds), LDV Partners (2 shared rounds), N49P (2 shared rounds), Whitecap Venture Partners (2 shared rounds), Alumni Ventures (1 shared round), Amar Varma (1 shared round)
In the newsletter
Data as of November 10, 2026.