Investors / Relay Ventures
Relay Ventures
Relay Ventures is a venture capital firm based in Canada. Relay Ventures has backed 7 Canadian AI companies in the Index, joining 7 tracked rounds and leading 4. The most recent was Mave's C$5M seed round in January 2026. Relay Ventures most often invests alongside Alate Partners, Mistral Venture Partners and Gambit Partners.
VC based in Canada. 7 Canadian AI companies in the Index, 7 tracked rounds, 4 as lead.
- Type
- VC
- HQ country
- Canada
- Companies
- 7
- Tracked rounds
- 7
- Led
- 4
- First tracked deal
- Blue J, Nov 2018
- Latest tracked deal
- Mave, Jan 2026
- Website
- relay.vc
Portfolio
| Company | Rounds joined (date, round size) | Company's total raised | Role |
|---|---|---|---|
| Mave | Pre-seed · Oct 2024 · C$2M round (lead)Seed · Jan 2026 · C$5M round | C$7M | Led Pre-seed |
| Trusty | Pre-seed · Jul 2025 · C$1M round (lead) | C$1M | Lead |
| Promise Robotics | Series A · Oct 2023 · US$15M round | US$15M | — |
| Motra | Seed · Jun 2023 · US$2.5M round (lead) | US$2.5M | Lead |
| Blue J | Series A · Nov 2018 · US$7M round (lead)Series B · Aug 2021 · US$9M round | C$190.8M | Led Series A |
| HomeTeam Live Technologies* | — | C$977K | — |
| Mantle* | — | — | — |
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
Alate Partners (3 shared rounds), Mistral Venture Partners (3 shared rounds), Gambit Partners (2 shared rounds), LDV Partners (2 shared rounds), N49P (2 shared rounds), Alumni Ventures (1 shared round), Anorak Ventures (1 shared round), BAM Ventures (1 shared round)
Data as of November 10, 2026.