About Good News Ventures
Good News Ventures is a venture capital firm founded in 2017. It is primarily based out of Toronto, Canada. As of Mar 2025, Good News Ventures has invested in 61 companies. It primarily invests in Seed 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 Spiky Overall, Good News Ventures portfolio has seen 11 acquisitions including key companies like Casetext, Apptimize and CalendarHero. A lot of funds co-invest with Good News Ventures, with names like N49P sharing a substantial percentage of its portfolio. Good News Ventures has team of 10 people including 5 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed & Series A
Portfolio Acquisitions
Good News Ventures' List of Top Investments
Good News Ventures has a portfolio of 61 companies. Their most notable investments are in Decentology and ClaimCompass.Their portfolio spans across Canada, United States, Bulgaria and 4 more locations. They have invested in Enterprise Applications, High Tech, Consumer and 23 other sectors, across stages such as Seed, Series A stages. Here is the list of top investments by Good News Ventures:
1. ACTO
Provider of an AI and SaaS-based educational platform for the life science industry. The company has developed a digital platform with learning tools like SALESFitness which is a product that provides trading in clinical sales, MARKETINGFitness a centralized tool for life science marketing of new launches, MSLFitness provides engaging learning experiences and more. There are features for remote video coaching, user engagement tools, and AI-assisted tools for performance tracking.
Key facts about ACTO
- Founded Year: 2014
- Location: Toronto (Canada)
- Stage: Series B
- Total Funding till date: $39.5M
- Employee Count: 114 as on Jul 31, 2026
- Investors: Salesforce Ventures, Resolve Growth Partners and 10 Others
- Latest Funding Round: Series B, Sep 12, 2024, $*****
- Highlight: Editors' Pick
2. Hashtag Paid
Platform offering influencer marketing and collaboration software. The platform offers software that lets brands and influencers collaborate. Once a brand finds an influencer, it sends a collaboration request that includes a campaign brief along with the deliverables required. If the influencer accepts, a chat will open and the brand and influencer can begin collaborating in real time. Influencers can only post the content after the brand approves it.
Key facts about Hashtag Paid
- Founded Year: 2013
- Location: Toronto (Canada)
- Stage: Series B
- Total Funding till date: $22M
- Employee Count: 160 as on Jul 31, 2026
- Investors: Vanedge Capital, MaRS Discovery District and 20 Others
- Latest Funding Round: Series B, Aug 26, 2021, $*****
- Highlight: Editors' Pick
3. Bus.com
Online platform for booking charter bus. Users can book buses by providing location, destination, user details, payment details, preferred dates, and more.
Key facts about Bus.com
- Founded Year: 2013
- Location: Montreal (Canada)
- Stage: Series B
- Total Funding till date: $21.7M
- Employee Count: 97 as on Jul 31, 2026
- Investors: Real Ventures, BMW i Ventures and 13 Others
- Latest Funding Round: Series B, Feb 14, 2024, $*****
- Highlight: Editors' Pick
Provider of quantum computing technology for communication applications. It designs and develops quantum key infrastructure systems that integrate with existing symmetric encryption modules. Its product portfolio includes a QKI gateway for protecting local area networks, a small-sized QKI gateway to protect small offices, and operators for key distribution systems. It has applications in the government, defence, critical infrastructure, telecommunication, and cybersecurity sectors.
Key facts about Quantum Bridge Technologies
- Founded Year: 2019
- Location: Toronto (Canada)
- Stage: Series A
- Total Funding till date: $8M
- Employee Count: 26 as on Jul 31, 2026
- Investors: Hewlett Packard Enterprise, Juniper Networks and 9 Others
- Latest Funding Round: Series A, May 20, 2026, $*****
- Highlight: Editors' Pick
5. Spellbook
Platform offering AI based contract drafting and review software. It leverages GPT to draft and review the contracts. The platform suggests words and clauses that can be used in the contracts. It highlights the missing clauses and definitions. It provides legal document management solutions for corporations and law firms.
Key facts about Spellbook
- Founded Year: 2018
- Location: Toronto (Canada)
- Stage: Series B
- Total Funding till date: $80.9M
- Employee Count: 211 as on May 31, 2026
- Investors: Inovia Capital, Threshold and 15 Others
- Latest Funding Round: Conventional Debt, Mar 04, 2026, $*****
- Highlight: Editors' Pick
Good News Ventures' Year-on-Year Investment Trends
Good News Ventures has invested in 61 companies over the last 9 years, with an average of 2 new investments annually in the last 5 years. In 2025, it made 2 investments. Its most recent first time investment was in Spiky and most recent follow-on round was in Spellbook.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 2 | 0 | 2 |
2024 | 0 | 1 | 1 |
2023 | 5 | 1 | 6 |
2022 | 2 | 0 | 2 |
2021 | 3 | 0 | 3 |
2020 | 2 | 0 | 2 |
2019 | 3 | 0 | 3 |
2018 | 2 | 1 | 3 |
2017 | 1 | 0 | 1 |
Good News Ventures' Investments by Stage
Good News Ventures has made 17 investments in Seed stage with an average round size of $1.9M and 3 investments in Series A stage with an average round size of $9.28M.Stage of entry | No. of Investments |
|---|---|
Seed | 17 |
Series A | 3 |
Note: We have considered here, only first round of investments
Good News Ventures' Investments by Sector
Good News Ventures has a diverse portfolio, with companies operating in the Enterprise Applications, High Tech, Vertical SaaS, Blockchain - Industry Applications and Blockchain Technology. Notably, it has invested in 59 Tech companies, 48 Enterprise (B2B) companies, 43 Software companies and at least 26 companies focusing on Saas.Sector | No. of Investments |
|---|---|
Enterprise Applications | 13 |
High Tech | 5 |
Vertical SaaS | 4 |
Blockchain - Industry Applications | 3 |
Blockchain Technology | 3 |
Others | 23 |
Note: We have considered here, only first round of investments
Good News Ventures' Investments by Geography
Good News Ventures has made most investments in Canada (11), followed by United States where it has made 7 investments.Country | No. of Investments |
|---|---|
Canada | 11 |
United States | 7 |
Bulgaria | 1 |
Estonia | 1 |
India | 1 |
Note: We have considered here, only first round of investments
Good News Ventures' recent investments
Good News Ventures has not made any investment in 2026 so far.Here are the most recent investments by Good News Ventures:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Mar 05, 2025 | United States | Seed | 5985 | [+8] | |
Jan 23, 2025 | United States | Seed | 2059 | [+9] | |
Jan 24, 2024 | Canada | Series A | 9132 | [+7] | |
Nov 29, 2023 | United States | Series A | 9251 | [+4] | |
Jun 28, 2023 | Canada | Series A | 7217 | [+4] |
Acquired companies in Good News Ventures' Portfolio
11 companies from Good News Ventures' portfolio have been acquired. The most recent acquisition was ClaimCompass in Nov 2024 by Airhelp for $*****.Here are Good News Ventures' portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Nov 28, 2024 | Aug 22, 2019 | Seed | 2810 | |
Mar 28, 2024 | Feb 27, 2020 | Seed | 1459 | |
Mar 14, 2024 | - | - | 1875 | |
Jun 26, 2023 | - | - | 4637 | |
Mar 06, 2023 | - | - | 6960 |
Team profile of Good News Ventures
Good News Ventures has a team of 10 members including 5 Partners, 3 Venture Partners and 1 Principal located in Canada. Good News Ventures' team does not sit on the board of any company as of now.Here is a list of all team members in Good News Ventures:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Toronto | - | ||
Partner | Toronto | - | ||
Partner | Toronto | - | ||
Partner | Toronto | - | ||
Partner | Canada | - | ||
Venture Partner | Toronto | - | ||
Venture Partner | Kitchener | - | - | |
Venture Partner | Canada | - | ||
Principal | Markham | - |
Co-investors of Good News Ventures
Over the past 9 years, 152 investors have co-invested in Good News Ventures's portfolio companies. This includes funds and angels.
- Invested before Good News Ventures: Y Combinator, Two Small Fish Ventures and 15 others have invested in rounds before Good News Ventures. There are 3 companies where Y Combinator has invested before Good News Ventures and 1 company where Two Small Fish Ventures has invested before Good News Ventures.
- Top Co-investors of Good News Ventures: 98 investors entered a company along with Good News Ventures. These include investors like N49P (2 companies).
- Invested after Good News Ventures: A total of 37 investors have invested in Good News Ventures's portfolio after their investments. Top Investors include Sands Capital (1 company), Ascential (1 company) and Vanedge Capital (1 company).
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