About Brightspark Ventures
Brightspark Ventures is a venture capital firm founded in 1999. It is primarily based out of Montreal, Canada. As of Mar 2026, Brightspark Ventures is an active investor, having invested in 51 companies, with 4 new investments in the last 12 months. It primarily invests in Series A round in Canada based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to High Tech and Consumer. Most recently it participated in the $***** Seed round of Coral Overall, Brightspark Ventures portfolio has seen 1 unicorn and 18 acquisitions including key companies like Hopper, Brickeye and Borderfree. A lot of funds co-invest with Brightspark Ventures, with names like BDC sharing a substantial percentage of its portfolio. Brightspark Ventures has team of 21 people including 6 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series A & 3 more
Portfolio Acquisitions
Portfolio Unicorns
Portfolio Soonicorns
Brightspark Ventures' List of Top Investments
Brightspark Ventures has a portfolio of 51 companies, one of which is a Unicorn. Their most notable investments are in Elevate Farm and Elevate Farm.Their portfolio spans across Canada, United States and China. They have invested in Enterprise Applications, High Tech, Consumer and 19 other sectors, across stages such as Seed, Series A and 3 more. Here is the list of top investments by Brightspark Ventures:1. Hopper
AI-powered travel booking and price prediction. It uses artificial intelligence algorithms to collect, organize, and analyze travel data, generating predictive models that identify the best times to book flights and hotels. Users can search for and book multiple categories of travel services, track fare changes, and receive notifications about price drops.
Key facts about Hopper
- Founded Year: 2007
- Location: Montreal (Canada)
- Valuation: $*****
- Stage: Series G
- Total Funding till date: $740M
- Employee Count: 1,149 as on Mar 31, 2026
- Investors: Inovia Capital, Goldman Sachs and 22 Others
- Latest Funding Round: Series G, Nov 07, 2022, $*****
- Highlight: Editors' Pick
2. Optable
Data clean room platform for advertisers and publishers. It provides a data connectivity platform to derive the audience data and enable people based targeting by using identity data. The platform allows users to exchange information related to first party data and audiences. It offers data management solutions for publishers, brands, and alliances.
Key facts about Optable
- Founded Year: 2020
- Location: Montreal (Canada)
- Stage: Series A
- Total Funding till date: $43.6M
- Employee Count: 74 as on Mar 31, 2026
- Investors: Formentera Capital, Desjardins and 11 Others
- Latest Funding Round: Series A, Jan 24, 2025, $*****
- Highlight: Editors' Pick
3. Brickeye
Provider of construction risk mitigation platform integrating IoT and data analytics. The platform offers real-time monitoring, alerts, and analytics for construction projects. It focuses on mitigating water damage, monitoring concrete, and managing environmental risks. The platform serves general contractors, owners, developers, and insurance providers with risk mitigation solutions.
Key facts about Brickeye
- Founded Year: 2013
- Location: Toronto (Canada)
- Stage: Acquired
- Total Funding till date: $20M
- Employee Count: 39 as on Mar 31, 2026
- Investors: MaRS Discovery District, Export Development Canada and 7 Others
- Latest Funding Round: Series B, Jan 20, 2026, $*****
- Highlight: Acquired
4. DrugBank
The company offers drug databases for clinical and academic research. It also offers a clinical API software that provides decision support and analytics based on the database.
Key facts about DrugBank
- Founded Year: 2006
- Location: Edmonton (Canada)
- Stage: Seed
- Total Funding till date: $9M
- Employee Count: 59 as on Mar 31, 2026
- Investors: Amplitude, Pender Ventures and 12 Others
- Latest Funding Round: Seed, Apr 11, 2022, $*****
- Highlight: Editors' Pick
5. Deep Sky
Developer of infrastructure for carbon dioxide removal and geologic storage. The company builds, owns, and operates facilities to remove emissions. It secures resources, including land, power, government support, and geologic storage. The company deploys multiple direct air capture technologies. It offers carbon removal credits validated and issued on carbon registries.
Key facts about Deep Sky
- Founded Year: 2022
- Location: Montreal (Canada)
- Stage: Series A
- Total Funding till date: $64.8M
- Employee Count: 67 as on Mar 31, 2026
- Investors: National Bank of Canada, Breakthrough Energy and 9 Others
- Latest Funding Round: Grant (prize money), Dec 18, 2024, $*****
- Highlight: Editors' Pick
Brightspark Ventures' Year-on-Year Investment Trends
Brightspark Ventures has invested in 51 companies over the last 26 years, with an average of 2 new investments annually in the last 10 years. In 2025, it made 6 investments, while as of Mar 2026, it has made 2 investments in this year. Its most recent first time investment was in Enurgen and most recent follow-on round was in Coral.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 2 | 2 |
2025 | 5 | 1 | 6 |
2024 | 1 | 2 | 3 |
2023 | 2 | 3 | 5 |
2022 | 1 | 3 | 4 |
2021 | 4 | 4 | 8 |
2020 | 4 | 1 | 5 |
2019 | 1 | 2 | 3 |
2018 | 0 | 1 | 1 |
2017 | 4 | 1 | 5 |
Brightspark Ventures' Investments by Stage
Brightspark Ventures has made 20 investments in Seed stage with an average round size of $3.37M, 15 investments in Series A stage with an average round size of $6.86M, 1 investment in Conventional Debt stage, 1 investment in Series B stage with an average round size of $8.5M and 1 investment in Series E stage with an average round size of $25M.Stage of entry | No. of Investments |
|---|---|
Seed | 20 |
Series A | 15 |
Conventional Debt | 1 |
Series B | 1 |
Series E | 1 |
Note: We have considered here, only first round of investments
Brightspark Ventures' Investments by Sector
Brightspark Ventures has a diverse portfolio, with companies operating in the Enterprise Applications, High Tech, Retail, Consumer and Enterprise Infrastructure. Notably, it has invested in 41 Tech companies, 36 Enterprise (B2B) companies, 23 Software companies and at least 15 companies focusing on Saas.Sector | No. of Investments |
|---|---|
Enterprise Applications | 18 |
High Tech | 7 |
Retail | 5 |
Consumer | 4 |
Enterprise Infrastructure | 4 |
Others | 35 |
Note: We have considered here, only first round of investments
Brightspark Ventures' Investments by Geography
Brightspark Ventures has made most investments in Canada (34), followed by United States where it has made 3 investments.Country | No. of Investments |
|---|---|
Canada | 34 |
United States | 3 |
China | 1 |
Note: We have considered here, only first round of investments
Brightspark Ventures' recent investments
Brightspark Ventures has made 2 investments in 2026 so far - Coral and Brickeye.Here are the most recent investments by Brightspark Ventures:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Mar 31, 2026 | Canada | Seed | 6375 | [+3] | |
Jan 20, 2026 | Canada | Series B | 8470 | [+3] | |
Oct 08, 2025 | Canada | Seed | 6686 | [+2] | |
Sep 22, 2025 | Canada | Seed | 9522 | [+5] | |
Sep 18, 2025 | Canada | Seed | 8113 | [+1] |
Unicorns in Brightspark Ventures' Portfolio
Brightspark Ventures has 1 unicorn in its portfolio - Hopper. The most recent unicorn in their portfolio is Hopper which became a unicorn in 2021, 12 years after Brightspark Ventures first invested in it.Here is a list of unicorns in Brightspark Ventures' portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
74 | AI-powered travel booking and price prediction | 2007 | Montreal | Series G | dagkydx |
Acquired companies in Brightspark Ventures' Portfolio
18 companies from Brightspark Ventures' portfolio have been acquired. The most recent acquisition was Wysdom in Jan 2024 by Calabrio for $*****.Here are Brightspark Ventures' portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jan 09, 2024 | Oct 03, 2017 | Series B | 7386 | |
May 12, 2023 | Sep 05, 2017 | Seed | 7604 | |
May 08, 2023 | - | - | 1377 | |
Jun 27, 2022 | Sep 19, 2000 | Series A | 6787 | |
Jun 22, 2022 | 2016 | Seed | 1824 |
Team profile of Brightspark Ventures
Brightspark Ventures has a team of 21 members including 6 Partners and 1 Principal located in Canada, United Kingdom and 1 more location. Brightspark Ventures' team sits on the board of 2 companies.Here is a list of top team members in Brightspark Ventures:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Vancouver | |||
Partner | Montreal | |||
Partner | Toronto | - | - | |
Partner | Edinburgh | - | - | |
Partner | Montreal | - | - | |
Partner | Quebec | - | - | |
Principal | Toronto | - | - |
Co-investors of Brightspark Ventures
Over the past 26 years, 166 investors have co-invested in Brightspark Ventures's portfolio companies. This includes funds and angels.
- Invested before Brightspark Ventures: MaRS IAF, BoxOne Ventures and 31 others have invested in rounds before Brightspark Ventures. There are 3 companies where MaRS IAF has invested before Brightspark Ventures and 1 company where BoxOne Ventures has invested before Brightspark Ventures.
- Top Co-investors of Brightspark Ventures: 71 investors entered a company along with Brightspark Ventures. These include investors like BDC (5 companies).
- Invested after Brightspark Ventures: A total of 62 investors have invested in Brightspark Ventures's portfolio after their investments. Top Investors include BDC (4 companies), Invest Quebec (2 companies) and OMERS (2 companies).
Recent News related to Brightspark Ventures
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Coral Raises Additional $4M CAD in FundingFinSMEs•Mar 31, 2026•Coral, AQC Capital, The51, Anges Quebec and 2 others
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Brickeye Raises $10M Series B FundingFinSMEs•Jan 20, 2026•Beauchampco, GreenSky, Graphite Ventures, Brickeye and 2 others
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Enurgen Raises $4.1M USD in Seed FundingFinSMEs•Oct 08, 2025•Enurgen, BDC, MaRS IAF, Brightspark Ventures and 1 other
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Mycroft launches with $3.5M to bring agentic AI to security and complianceSiliconAngle•Sep 22, 2025•superwhisper, Los Angeles Unified School District, Wise Docs Tech, US Department of Labor and 11 others
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ShopVision Raises $4.1M in Seed FundingFinSMEs•Sep 18, 2025•Rhino Ventures, Brightspark Ventures, Shopvision, BDC Capital
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Jozu Raises $4 Million Seed Round to Scale Enterprise AI Orchestration Platformintelligence360•May 26, 2025•Jozu, Half Court Ventures, Mozilla Ventures, Brightspark Ventures and 2 others
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Jozu Raises $4M in Seed FundingFinSMEs•May 08, 2025•Jozu, Half Court Ventures, Mozilla Ventures, Brightspark Ventures and 3 others
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Coral Raises $4.1M for Perimenopause & Menopause CareAthletech News•Feb 19, 2025•Coral, Brightspark Ventures, The51
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Coral Raises $4.1M in Seed FundingFinSMEs•Feb 11, 2025•Coral, Brightspark Ventures, Diagram Ventures, The51
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