Investors / Whitecap Venture Partners
Whitecap Venture Partners
Whitecap Venture Partners is a venture capital firm based in Canada. Whitecap Venture Partners has backed 2 Canadian AI companies in the Index, joining 2 tracked rounds and leading 2. The most recent was Thri5's US$5.4M seed round in September 2026. Whitecap Venture Partners most often invests alongside Mistral Venture Partners, Amar Varma and Farhan Thawar.
VC based in Canada. 2 Canadian AI companies in the Index, 2 tracked rounds, 2 as lead.
- Type
- VC
- HQ country
- Canada
- Companies
- 2
- Tracked rounds
- 2
- Led
- 2
- First tracked deal
- Frugal, Nov 2025
- Latest tracked deal
- Thri5, Sep 2026
- Website
- whitecapvp.com
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 |
| Frugal | Seed · Nov 2025 · US$5M round (lead) | US$5M | Lead |
A round's size is the whole round as announced, not this investor's cheque.
Frequent co-investors
Mistral Venture Partners (2 shared rounds), Amar Varma (1 shared round), Farhan Thawar (1 shared round), MaRS Investment Accelerator Fund (1 shared round), N49P (1 shared round)
Data as of November 10, 2026.