About Leaders Fund
Leaders Fund is a venture capital firm founded in 2016. It is primarily based out of Toronto, Canada. As of Feb 2026, Leaders Fund is an active investor, having invested in 32 companies, with 1 new investment in the last 12 months. It primarily invests in Series A round in United States based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to High Tech and Retail. Most recently it participated in the $***** Series A round of Matia Overall, Leaders Fund portfolio has seen 4 unicorns and 7 acquisitions including key companies like Snyk, Kindred and Drata. A lot of funds co-invest with Leaders Fund, with names like White Star Capital sharing a substantial percentage of its portfolio. Leaders Fund has team of 13 people including 3 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Series A, Seed & 2 more
Portfolio Acquisitions
Leaders Fund's List of Top Investments
Leaders Fund has a portfolio of 32 companies, including 4 unicorns. Their most notable investments are in Qwak and CereTax.Their portfolio spans across United States, Canada and Israel. They have invested in Enterprise Applications, High Tech, Retail and 13 other sectors, across stages such as Series A, Seed and 2 more. Here is the list of top investments by Leaders Fund:1. Snyk
Provider of a platform securing code, models, and agents in applications. The platform offers tools for application security, software supply chain security, and fixing vulnerabilities. It provides resources such as a vulnerability database, security education, and documentation. The platform helps organizations secure development, reduce business risk, and accelerate software delivery.
Key facts about Snyk
- Founded Year: 2015
- Location: Boston (United States)
- Annual Revenue: £147M as on Dec 31, 2022
- Valuation: $*****
- Stage: Series G
- Total Funding till date: $1.32B
- Employee Count: 1,207 as on Mar 31, 2026
- Investors: Glynn Capital, Temasek and 76 Others
- Latest Funding Round: Series G, Apr 10, 2024, $*****
- Highlight: Editors' Pick
2. Top Hat
Provider of interactive learning platform and educational content for institutions. The platform offers tools for attendance tracking, in-class engagement, and assessments. It provides interactive textbooks, labs, and open educational resources. The platform also offers an AI assistant for educators and students.
Key facts about Top Hat
- Founded Year: 2009
- Location: Toronto (Canada)
- Stage: Series E
- Total Funding till date: $200M
- Employee Count: 481 as on Mar 31, 2026
- Investors: Teralys Capital, Georgian and 18 Others
- Latest Funding Round: Series E, Feb 04, 2021, $*****
- Highlight: Editors' Pick
3. Spatial
Developer of a platform for creating and sharing virtual experiences. The platform enables users to design interactive virtual worlds with customisable templates and tools. It supports the integration of 2D, 3D, and video content, facilitating the creation of immersive environments. The platform is accessible across web, virtual reality, augmented reality, and mobile devices.
Key facts about Spatial
- Founded Year: 2016
- Location: New York City (United States)
- Stage: Series B
- Total Funding till date: $66.8M
- Employee Count: 72 as on Mar 31, 2026
- Investors: Lerer Hippeau, Inovia Capital and 27 Others
- Latest Funding Round: Series B, Dec 14, 2021, $*****
- Highlight: Editors' Pick
4. Kindred
Developer of AI-powered robotics for picking placing sorting automation. Builds high-speed robotic workcells automating warehouse tasks with precision grasping and manipulation. Deploys CORE platform for general-purpose item handling across varied shapes and conditions. Provides end-to-end solutions including perception software, control systems, and deployment services for industrial automation.
Key facts about Kindred
- Founded Year: 2014
- Location: San Francisco (United States)
- Stage: Acquired
- Total Funding till date: $28M
- Employee Count: 5 as on Dec 31, 2018
- Investors: AME Cloud Ventures, Tencent and 11 Others
- Latest Funding Round: Series B, Dec 22, 2020, $*****
- Highlight: Acquired
5. Drata
Risk assessment and management solutions for enterprises. The product offers continuous security control monitoring, risk management, data security, and more. The features of the product include automated evidence collection, employee onboarding and offboarding, automated asset tracking, insights, reports and alerts, integrations, and more.
Key facts about Drata
- Founded Year: 2020
- Location: San Diego (United States)
- Valuation: $*****
- Stage: Series C
- Total Funding till date: $328M
- Employee Count: 723 as on Mar 31, 2026
- Investors: TSG, Notable Capital and 24 Others
- Latest Funding Round: Series C, Nov 21, 2022, $*****
- Highlight: Editors' Pick
Leaders Fund's Year-on-Year Investment Trends
Leaders Fund has invested in 32 companies over the last 10 years, with an average of 2 new investments annually in the last 10 years. In 2025, it made 1 investment, while as of Feb 2026, it has made 2 investments in this year. Its most recent first time investment was in Vellum and most recent follow-on round was in Matia.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 2 | 2 |
2025 | 1 | 0 | 1 |
2024 | 3 | 2 | 5 |
2023 | 3 | 1 | 4 |
2022 | 3 | 1 | 4 |
2021 | 2 | 3 | 5 |
2020 | 4 | 3 | 7 |
2019 | 0 | 0 | 0 |
2018 | 3 | 1 | 4 |
2017 | 3 | 2 | 5 |
Leaders Fund's Investments by Stage
Leaders Fund has made 11 investments in Series A stage with an average round size of $16.4M, 7 investments in Seed stage with an average round size of $7.32M, 6 investments in Series B stage with an average round size of $19.6M and 2 investments in Series C stage with an average round size of $41.2M.Stage of entry | No. of Investments |
|---|---|
Series A | 11 |
Seed | 7 |
Series B | 6 |
Series C | 2 |
Note: We have considered here, only first round of investments
Leaders Fund's Investments by Sector
Leaders Fund has a diverse portfolio, with companies operating in the Enterprise Applications, High Tech, Enterprise Infrastructure, FinTech and Retail. Notably, it has invested in 32 Enterprise (B2B) companies, 32 Tech companies, 30 Software companies and at least 19 companies focusing on Saas.Sector | No. of Investments |
|---|---|
Enterprise Applications | 24 |
High Tech | 9 |
Enterprise Infrastructure | 6 |
FinTech | 5 |
Retail | 4 |
Others | 19 |
Note: We have considered here, only first round of investments
Leaders Fund's Investments by Geography
Leaders Fund has made most investments in United States (17), followed by Canada where it has made 7 investments.Country | No. of Investments |
|---|---|
United States | 17 |
Canada | 7 |
Israel | 3 |
Note: We have considered here, only first round of investments
Leaders Fund's recent investments
Leaders Fund has made 2 investments in 2026 so far - Matia and Upwind.Here are the most recent investments by Leaders Fund:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Feb 10, 2026 | United States | Series A | 7473 | ||
Jan 26, 2026 | United States | Series B | 4782 | ||
Jul 10, 2025 | United States | Series A | 3608 | [+4] | |
Dec 02, 2024 | United States | Series A | 6381 | [+7] | |
Oct 29, 2024 | United States | Seed | 7664 |
Unicorns in Leaders Fund's Portfolio
Leaders Fund has 4 unicorns in its portfolio - Upwind, Drata, Ada and others. The most recent unicorn in their portfolio is Upwind. It became a unicorn in 2026, 2 years after Leaders Fund first invested in it.Here is a list of unicorns in Leaders Fund's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
64 | Provider of cloud security solutions for infrastructure and application protection | 2022 | San Francisco | Series B | joshiye | ||
67 | Risk assessment and management solutions for enterprises | 2020 | San Diego | Series C | fwuogfk | ||
65 | AI platform for text based customer support | 2016 | Toronto | Series C | nsuxyia | ||
77 | Provider of a platform securing code, models, and agents in applications | 2015 | Boston | Series G | suivawp |
Acquired companies in Leaders Fund's Portfolio
7 companies from Leaders Fund's portfolio have been acquired. The most recent acquisition were ACME Technologies in Nov 2025 by Peek.Here are Leaders Fund's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Nov 20, 2025 | - | - | 7553 | |
Jan 15, 2025 | Aug 28, 2018 | Series B | 1346 | |
Jun 25, 2024 | Feb 09, 2022 | Series A | 7964 | |
Jul 21, 2021 | Jul 12, 2016 | Series B | 6229 | |
Mar 22, 2021 | Apr 11, 2016 | Series A | 3112 |
Team profile of Leaders Fund
Leaders Fund has a team of 13 members including 3 Partners, 1 Venture Partner and 2 Principals located in Canada and United States. Leaders Fund's team sits on the board of 1 company.Here is a list of top team members in Leaders Fund:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Toronto | |||
Partner | Atlanta | - | ||
Partner | Toronto | - | ||
Venture Partner | Markham | - | ||
Principal | Toronto | - | ||
Principal | - | - |
Co-investors of Leaders Fund
Over the past 10 years, 217 investors have co-invested in Leaders Fund's portfolio companies. This includes funds and angels.
- Invested before Leaders Fund: Inovia Capital, Version One Ventures and 80 others have invested in rounds before Leaders Fund. There are 2 companies where Inovia Capital has invested before Leaders Fund and 2 companies where Version One Ventures has invested before Leaders Fund.
- Top Co-investors of Leaders Fund: 78 investors entered a company along with Leaders Fund. These include investors like White Star Capital (1 company).
- Invested after Leaders Fund: A total of 57 investors have invested in Leaders Fund's portfolio after their investments. Top Investors include BMO (2 companies), Salesforce Ventures (2 companies) and Bessemer Venture Partners (2 companies).
Recent News related to Leaders Fund
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Matia Raises $21M to Consolidate Enterprise Data Management OperationsSiliconAngle•Feb 10, 2026•Matia, Red Dot Capital Partners, Caffeinated, Secret Chord Ventures and 4 others
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Cloud security startup Upwind raises $250M funding roundSiliconAngle•Jan 27, 2026•Upwind, Salesforce Ventures, , Picture Capital and 17 others
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Vellum Secures $20M Series A to Advance Enterprise AI DevelopmentAiThority•Jul 10, 2025•Vellum, Leaders Fund, Socii Capital, Y Combinator
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Upwind: Cloud Security Provider Secures $100 Million (Series A)Pulse 2.0•Dec 10, 2024•Upwind, Craft Ventures, TCV, Alta Park Capital and 4 others
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The UPWind cloud security specialist raises $ 100 million about an assessment of 900 million dollarsesdelatino.com•Dec 02, 2024•Upwind, Craft Ventures, TCV, Alta Park Capital and 16 others
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Israeli cybersecurity firm Upwind reportedly in talks to raise $100M on up to $900M valuationSiliconAngle•Nov 11, 2024•Upwind, Craft Ventures, Greylock, Cyberstarts and 3 others
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Israeli Startup Combines ETL, Data Catalog and Observability ToolsCAESARS INTERACTIVE ENTERTAINMENT (UK) LIMITED•Oct 31, 2024•Matia, Leaders Fund, Secret Chord Ventures
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CereTax: Sales Tax Solution Company Secures $9 MillionPulse 2.0•Jul 06, 2024•CereTax, S3 Ventures, Wild Basin Investments, Leaders Fund
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Ask-AI Raises $11M in Series A FundingFinSMEs•Jan 10, 2024•Ask, Vertex Ventures, State of Mind Ventures, GTMfund and 3 others
