The Canadian AI Index

Investors / Panache Ventures

Panache Ventures

Panache Ventures is a venture capital firm based in Canada. Panache Ventures has backed 28 Canadian AI companies in the Index, joining 7 tracked rounds and leading 3. The most recent was Biossil's US$153M venture round in September 2026. Panache Ventures most often invests alongside Golden Ventures, Abu Dhabi Investment Council and BoxOne Ventures.

VC based in Canada. 28 Canadian AI companies in the Index, 7 tracked rounds, 3 as lead.

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Type
VC
HQ country
Canada
Companies
28
Tracked rounds
7
Led
3
First tracked deal
Biossil, 2023
Latest tracked deal
Biossil, Sep 2026
Website
panache.vc

Portfolio

CompanyRounds joined (date, round size)Company's total raisedRole
BiossilSeed · 2023 · C$3.7M roundVenture round · Sep 2026 · US$153M roundC$309.3M—
TISCPre-seed · Nov 2025 · US$2.1M roundUS$2.1M—
AsephaSeed · Jul 2025 · US$4M roundUS$4M—
RevylPre-seed · Oct 2024 · US$1.1M round (lead)US$1.1MLead
Perceptive SpacePre-seed · Aug 2024 · C$3.9M round (lead)C$3.9MLead
HumanFirstSeed · Jul 2023 · C$5M round (lead)C$5MLead
ACTO*—C$3M—
AgentField*———
Arvo AI*———
Botpress*—US$25M—
CoLab Software*—US$72M—
DreamFold*———
Dreamwell AI*———
Featherless AI*—US$20M—
Forma.ai*———
Gia*———
Kiln AI*———
ODAIA*—US$25M—
OnDeck AI*———
Pathway Medical*—C$5M—
PeerSupport.io*———
Ranger AI*———
Sanctuary AI*—US$58.5M—
SIX*———
Soma Energy*—US$7M—
Tailscale*———
Valence Discovery*———
Zeroshot Biolabs*———

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

Golden Ventures (2 shared rounds), Abu Dhabi Investment Council (1 shared round), BoxOne Ventures (1 shared round), Core Innovation Capital (1 shared round), Duke University endowment (1 shared round), Feld Ventures (1 shared round), Founders Fund (1 shared round), Front Row Ventures (1 shared round)

Data as of November 10, 2026.

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