About Generation Ventures
Generation Ventures is a venture capital firm founded in 2016. It is primarily based out of Toronto, Canada. As of Sep 2023, Generation Ventures has invested in 17 companies. 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 Enterprise Infrastructure. Most recently it participated in the $***** Series A round of Cognota Overall, Generation Ventures portfolio has seen 1 unicorn and 5 acquisitions including key companies like Blue J, Keyfactor and Algolux Tech. A lot of funds co-invest with Generation Ventures, with names like BDC sharing a substantial percentage of its portfolio. Generation Ventures has team of 2 people including 2 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Series A, Series B & 1 more
Portfolio Acquisitions
Portfolio Unicorns
Portfolio Soonicorns
Generation Ventures' List of Top Investments
Generation Ventures has a portfolio of 17 companies, one of which is a Unicorn. Their most notable investments are in Rank Software and Nudge.Their portfolio spans across Canada, United States and United Kingdom. They have invested in Enterprise Applications, High Tech, Enterprise Infrastructure and 4 other sectors, across stages such as Series A, Series B and 1 more. Here is the list of top investments by Generation Ventures:
1. Blue J
Provider of an AI tax research solution for accounting professionals. The platform offers a curated database of tax resources, updated to reflect changes. It leverages tax expertise to provide oversight of algorithms. The solution is designed to be conversational, providing answers to tax questions. It helps tax experts research efficiently and communicate confidently.
Key facts about Blue J
2. Solink
Provider of video analysis solution for loss prevention and security. It offers a cloud-based platform that acts as a hub to analyze the video stream to find the key points of data and create alerts and reports. It provides motion alerts by detecting unusual motion by setting regions of the camera views, and provides alerts when activity happens. It offers a wide range of tools to keep track of important events, history and identify outlying patterns and incidents. The company serves the retail, banking, and restaurants industry.
Key facts about Solink
- Founded Year: 2009
- Location: Ottawa (Canada)
- Stage: Series C
- Total Funding till date: $98.2M
- Employee Count: 399 as on Apr 30, 2026
- Investors: Goldman Sachs, Valor Equity Partners and 10 Others
- Latest Funding Round: Series C, Jul 25, 2023, $*****
- Highlight: Editors' Pick
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3. Keyfactor
Provider of digital trust, PKI, certificate automation, and crypto management solutions. The company delivers tools for managing digital identities across devices, workloads, and AI agents. It offers solutions for certificate lifecycle automation, cryptographic inventory, and secure code signing. The company's products support various use cases, including preventing outages, enabling zero trust, and achieving crypto-agility.
Key facts about Keyfactor
- Founded Year: 2001
- Location: Independence (United States)
- Valuation: $*****
- Stage: Series E
- Total Funding till date: $218M
- Employee Count: 557 as on Apr 30, 2026
- Investors: Sixth Street, Insight Partners and 4 Others
- Latest Funding Round: Series E, Oct 24, 2023, $*****
- Highlight: Editors' Pick
4. Blackbird
Provider of a platform for narrative and risk intelligence solutions. The platform analyzes narratives, influencers, associated networks, and cohorts to identify and prioritize risks. It offers solutions across diverse sectors, including corporate intelligence, finance, and brand safety. The platform helps organizations understand public opinion, counter harmful narratives, and protect their brand.
Key facts about Blackbird
- Founded Year: 2017
- Location: Rochester (United States)
- Stage: Series B
- Total Funding till date: $58M
- Employee Count: 75 as on Apr 30, 2026
- Investors: Ten Eleven Ventures, Generation Ventures and 12 Others
- Latest Funding Round: Series B, Nov 01, 2024, $*****
- Highlight: Editors' Pick
5. Blueprint
Provider of cloud-based digital process modeling, documentation, and optimization solutions that support the scaling of intelligent automation initiatives for large-enterprise clients. The key offering, Blueprint Enterprise Automation Suite, is a cloud-based platform used by Fortune 500 companies around the world to build Digital Blueprints, which enable teams to design and deliver higher-quality automated processes. With numerous integrations into the leading RPA platforms, it helps users to accelerate and scale their use of RPA, improve automation governance, reduce compliance risk and bot maintenance, and drive continuous improvement across their organization.
Key facts about Blueprint
- Founded Year: 2004
- Location: Toronto (Canada)
- Stage: Series C
- Total Funding till date: $56M
- Employee Count: 43 as on Apr 30, 2026
- Investors: Vistara Growth, Generation Ventures and 6 Others
- Latest Funding Round: Series C, Nov 06, 2017, $*****
- Highlight: Editors' Pick
Generation Ventures' Year-on-Year Investment Trends
Generation Ventures has invested in 17 companies over the last 10 years, with an average of 1 new investment annually in the last 10 years. Its most recent first time investment was in Blackbird and most recent follow-on round was in Cognota.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 0 | 0 | 0 |
2024 | 0 | 0 | 0 |
2023 | 1 | 1 | 2 |
2022 | 0 | 1 | 1 |
2021 | 3 | 0 | 3 |
2020 | 0 | 2 | 2 |
2019 | 1 | 5 | 6 |
2018 | 3 | 0 | 3 |
2017 | 3 | 0 | 3 |
Generation Ventures' Investments by Stage
Generation Ventures has made 6 investments in Series A stage with an average round size of $8.8M, 4 investments in Series B stage with an average round size of $18.6M and 3 investments in Seed stage with an average round size of $2.76M.Stage of entry | No. of Investments |
|---|---|
Series A | 6 |
Series B | 4 |
Seed | 3 |
Note: We have considered here, only first round of investments
Generation Ventures' Investments by Sector
Generation Ventures has a diverse portfolio, with companies operating in the Enterprise Applications, Enterprise Infrastructure, High Tech, Artificial Intelligence - Industry Applications and EdTech. Notably, it has invested in 17 Enterprise (B2B) companies, 17 Tech companies, 15 Software companies and at least 12 companies focusing on Saas.Sector | No. of Investments |
|---|---|
Enterprise Applications | 13 |
Enterprise Infrastructure | 3 |
High Tech | 3 |
Artificial Intelligence - Industry Applications | 2 |
EdTech | 2 |
Others | 5 |
Note: We have considered here, only first round of investments
Generation Ventures' Investments by Geography
Generation Ventures has made most investments in Canada (7), followed by United States where it has made 5 investments.Country | No. of Investments |
|---|---|
Canada | 7 |
United States | 5 |
United Kingdom | 2 |
Note: We have considered here, only first round of investments
Generation Ventures' recent investments
Generation Ventures has not made any investment in 2026 so far.Here are the most recent investments by Generation Ventures:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Sep 27, 2023 | Canada | Series A | 9607 | [+6] | |
Apr 25, 2023 | United States | Series B | 8783 | [+5] | |
Jan 28, 2022 | United Kingdom | Series A | 3111 | [+10] | |
Nov 03, 2021 | Canada | Series A | 5555 | [+6] | |
Aug 10, 2021 | Canada | Series B | 1876 | [+2] |
Unicorns in Generation Ventures' Portfolio
Generation Ventures has 1 unicorn in its portfolio - Keyfactor. The most recent unicorn in their portfolio is Keyfactor which became a unicorn in 2023, 2 years before Generation Ventures first invested in it.Here is a list of unicorns in Generation Ventures' portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
60 | Provider of digital trust, PKI, certificate automation, and crypto management solutions | 2001 | Independence | Series E | ecagcsl |
Acquired companies in Generation Ventures' Portfolio
5 companies from Generation Ventures' portfolio have been acquired. The most recent acquisition was Blue J in Feb 2025 by StructureFlow for $*****.Here are Generation Ventures' portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Feb 18, 2025 | Aug 10, 2021 | Series B | 2606 | |
Feb 28, 2023 | Jun 15, 2021 | Series B | 8100 | |
Jun 22, 2022 | Nov 15, 2017 | Series A | 8832 | |
Nov 15, 2021 | Feb 14, 2017 | Series B | 6270 | |
Aug 20, 2020 | Feb 07, 2018 | Series A | 8570 |
Team profile of Generation Ventures
Generation Ventures has a team of 2 members including 2 Partners located in Canada. Generation Ventures' team sits on the board of 3 companies.Co-investors of Generation Ventures
Over the past 10 years, 125 investors have co-invested in Generation Ventures's portfolio companies. This includes funds and angels.
- Invested before Generation Ventures: MaRS IAF, LDV Partners and 33 others have invested in rounds before Generation Ventures. There are 2 companies where MaRS IAF has invested before Generation Ventures and 1 company where LDV Partners has invested before Generation Ventures.
- Top Co-investors of Generation Ventures: 57 investors entered a company along with Generation Ventures. These include investors like BDC (3 companies).
- Invested after Generation Ventures: A total of 33 investors have invested in Generation Ventures's portfolio after their investments. Top Investors include Ten Coves Capital (1 company), Oak HC/FT (1 company) and Sapphire Ventures (1 company).
Recent News related to Generation Ventures
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Blackbird.AI Raises $20M in Series B FundingSilicon Valley Journals•Jun 15, 2023•Blackbird, Eleven, Dorilton, Generation Ventures and 3 others
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causaLens Raises $45M in Series A FundingFinSMEs•Jan 28, 2022•causaLens, Dorilton, Molten Ventures, Generation Ventures and 2 others
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AI-powered disinformation detection platform Blackbird nabs $10MLaptopsmagazine•Sep 21, 2021•Blackbird, NetX, Trousdale Ventures, StartFast and 2 others
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Blue J Raises $9M in Series B Funding, Adds Key Personnel, Announces New Tax Diagramming SolutionBusiness Wire•Aug 10, 2021•Blue J, Generation Ventures, Relay Ventures, Mistral Ventures and 1 other
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Algolux Closes $18.4 Million Series B Round for Robust Computer VisionPR Newswire•Jul 12, 2021•Algolux Tech, Forte Ventures, Drive Capital, Invest Quebec and 6 others
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Evrythng raises $10 million to give physical products a trackable digital identityVentureBeat•Oct 06, 2020•EVRYTHNG, Generation Ventures, Sway Ventures, Fernbrook Capital Management and 4 others
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Kindred Capital closes £81M second fund to back early-stage European startupsTechCrunch+•Sep 20, 2020•Kindred Capital, Industry Ventures, Generation Ventures, Sands Capital and 3 others
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Remote training startup Synapse raises $2.6 million CAD to grow new sales streamBetaKit•Aug 20, 2020•Synapse, Comerica, Ripple Ventures, Differential Ventures and 2 others
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Jump Capital leads funding round for Nudge RewardsPE Hub•Aug 16, 2019•Jump Capital, Nudge, Brightspark Ventures, Generation Ventures and 2 others
