When was Backbone Angels founded?

Backbone Angels was founded in 2021.

Where is Backbone Angels' headquarters located?

Backbone Angels' headquarters is located in Toronto (Canada).

How big is Backbone Angels' investment team?

Backbone Angels has a team of 7, including 7 partners.

How many companies has Backbone Angels invested in?

Backbone Angels has invested in 6 companies, including 1Password & Haloo.

Which companies has Backbone Angels invested in lately?

Wygo & The Folklore are the latest investments by Backbone Angels.

What sectors does Backbone Angels focus on for investments?

Top sectors in Backbone Angels' portfolio are Enterprise Applications (4 investments) and Retail (1 investment).

How many unicorns are there in Backbone Angels' portfolio?

There is 1 unicorn in Backbone Angels' portfolio.

Backbone Angels - 2026 Investor Profile, Portfolio, Team & Investment Trends

1. 1Password

Cloud based platform for remote access software. It stores passwords and provides document storage. It allows the user to control what information to make visible, delegate management roles, and get comprehensive usage reports. It offers features such as password manager, access management, two factor authentication, passkeys, and more. The app supports Mac, Windows, Android, iOS, and the web. The customers include Today, BBC, CNN, and Mashable.

Key facts about 1Password

Founded Year: 2006
Location: Toronto (Canada)
Valuation: $*****
Stage: Series C
Total Funding till date: $920M
Employee Count: 3,167 as on Sep 30, 2026
Investors: Salesforce Ventures, Live Oak Ventures and 39 Others
Latest Funding Round: Series C, Dec 17, 2021, $*****
Highlight: Editors' Pick

2. Haloo

AI based trademark search and registration platform for businesses. It helps small businesses run legal searches and prepare for trademark registration. It also helps businesses protect trademarks. It allows users to build brand equity, sell through distributors, and more.

Key facts about Haloo

Founded Year: 2019
Location: United States
Stage: Seed
Total Funding till date: $4.15M
Employee Count: 38 as on Aug 31, 2026
Investors: Graphite Ventures, W Fund and 13 Others
Latest Funding Round: Seed, May 16, 2022, $*****
Highlight: Editors' Pick

3. The Folklore

Key facts about The Folklore

Founded Year: 2011
Location: New York City (United States)
Stage: Seed
Total Funding till date: $5.1M
Employee Count: 36 as on Aug 31, 2026
Investors: Techstars, Backbone Angels and 5 Others
Latest Funding Round: Seed, Apr 17, 2024, $*****
Highlight: Editors' Pick

4. Wavy

Online employee engagement and culture management software for enterprises. The platform offers tools for employers to plan, manage, review & increase team building. It also offers an employee insight dashboard for tracking progress.

Key facts about Wavy

Founded Year: 2018
Location: Toronto (Canada)
Stage: Seed
Total Funding till date: $1.96M
Employee Count: 20 as on Aug 31, 2026
Investors: Two Small Fish Ventures, Laconia and 6 Others
Latest Funding Round: Seed, Nov 2021, $*****
Highlight: Editors' Pick

5. Mentorly

Cloud-based mentorship and performance management solution for enterprises. It allows connecting with local & remote employees, collaboration tool, employee engagement & wellbeing solution, assessment & matchmaking. It also provides mentorship programs on various objectives such as diversity & inclusivity, supporting communities, recruitment & onboarding, students & alumni, professional networking, and events. It is a tool available on the subscription-based pricing model.

Key facts about Mentorly

Founded Year: 2016
Location: Montreal (Canada)
Stage: Seed
Total Funding till date: $1M
Employee Count: 16 as on Sep 30, 2026
Investors: Mistral, Formentera Capital and 3 Others
Latest Funding Round: Seed, Jul 14, 2021, $*****
Highlight: Editors' Pick

View the full list of portfolio companies

Backbone Angels has invested in 6 companies over the last 5 years, with an average of 1 new investment annually in the last 5 years. As of Apr 2026, it has made 1 investment in this year. Its most recent first time investment was in Wygo.

Here are Backbone Angels' Year-on-Year Investment Trends:

Year	No. of Investments
Year	1^st Round	Follow-on	Total
2026 (YTD)	1	0	1
2025	0	0	0
2024	0	0	0
2023	0	0	0
2022	1	0	1
2021	4	0	4

View all investments by Backbone Angels

Backbone Angels has made 5 investments in Seed stage with an average round size of $1.5M and 1 investment in Series C stage with an average round size of $620M.

Here are Backbone Angels' investments by stage:

Stage of entry	No. of Investments
Seed	5
Series C	1

Note: We have considered here, only first round of investments

View all investments by Backbone Angels

Backbone Angels has a diverse portfolio, with companies operating in the Enterprise Applications, Vertical SaaS, Consumer, Enterprise Infrastructure and Media & Entertainment. Notably, it has invested in 6 Tech companies, 5 Enterprise (B2B) companies, 5 Software companies and at least 4 companies focusing on Saas.

Here are Backbone Angels' investments by sector:

Sector	No. of Investments
Enterprise Applications	4
Vertical SaaS	3
Consumer	1
Enterprise Infrastructure	1
Media & Entertainment	1
Others	1

Note: We have considered here, only first round of investments

View all investments by Backbone Angels

Backbone Angels has made most investments in Canada (4), followed by United States where it has made 2 investments.

Here are Backbone Angels' investments by geography:

Country	No. of Investments
Canada	4
United States	2

Note: We have considered here, only first round of investments

View all investments by Backbone Angels

Backbone Angels has made 1 investments in 2026 so far - Wygo.

Here are the most recent investments by Backbone Angels:

Filter this list

Date	Company	Location	Round Details	Round Amount	Co-Investors
Apr 14, 2026	Wygo	Canada	Seed	5037	N49P [+5]
Apr 07, 2022	The Folklore	United States	Seed	2594	Slauson [+2]
Dec 17, 2021	1Password	Canada	Series C	9902	Iconiq Capital [+21]
Nov 2021	Wavy	Canada	Seed	9995	Laconia [+4]
Jul 14, 2021	Mentorly	Canada	Seed	4844	Youssef Bennani [+3]

See more recent investments made by Backbone Angels

Backbone Angels has 1 unicorn in its portfolio - 1Password. The most recent unicorn in their portfolio is 1Password which became a unicorn in 2022.

Here is a list of unicorns in Backbone Angels' portfolio:

Filter this list

Tracxn Score	Company	Short Description	Founded year	Sector	Location	Company Stage	First Investment/ Acquisition Details
76	1Password	Cloud based platform for remote access software	2006	Enterprise Infrastructure [+1]	Toronto	Series C	lbvz{ll

View more details about unicorns in Backbone Angels' portfolio

Backbone Angels has a team of 7 members including 7 Partners located in Canada. Backbone Angels' team does not sit on the board of any company as of now.

Here is a list of all team members in Backbone Angels:

Name	Designation	Location	Board Memberships	Contact Details
Lynsey Thornton	Partner	Vancouver	-	1 Email
Brittany Forsyth	Partner	Canada	-	2 Emails
Erin Zipes	Partner	-	-	-
Atlee Clark	Partner	Canada	-	1 Email
Arati Sharma	Partner	Canada	-	1 Email
Alexandra Clark	Partner	-	-	1 Email
Marcie Murray	Partner	-	-	1 Email

View team details of Backbone Angels

Over the past 5 years, 61 investors have co-invested in Backbone Angels's portfolio companies. This includes funds and angels.

Invested before Backbone Angels: Accel, Slack and 11 others have invested in rounds before Backbone Angels. There is 1 company where Accel has invested before Backbone Angels and 1 company where Slack has invested before Backbone Angels.
Top Co-investors of Backbone Angels: 44 investors entered a company along with Backbone Angels. These include investors like Garage Capital (2 companies).
Invested after Backbone Angels: A total of 4 investors have invested in Backbone Angels's portfolio after their investments. Top Investors include W Fund (1 company) and Ethan Song (1 company).