About Loyal
Loyal is a venture capital firm founded in 2018. It is primarily based out of Toronto, Canada. As of Apr 2026, Loyal is an active investor, having invested in 78 companies, with 1 new investment in the last 12 months. It primarily invests in Seed round in India based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to FinTech and Retail. Most recently it participated in the $***** Seed round of Dehurdle Overall, Loyal portfolio has seen 2 acquisitions, namely Keyless and Zunify. A lot of funds co-invest with Loyal, with names like 500 Global sharing a substantial percentage of its portfolio. Loyal has team of 104 people including 12 partners.Key Metrics
Loyal's List of Top Investments
Loyal has a portfolio of 78 companies. Their most notable investments are in GoFloaters and Digifi.Their portfolio spans across United States, United Kingdom, India and 20 more locations. They have invested in Enterprise Applications, FinTech, Retail and 23 other sectors, across stages such as Seed, Angel and 1 more. Here is the list of top investments by Loyal:Developer of hydrothermal treatment technology converting wastewater into green hydrogen and biomethanol. The company’s proprietary reactors produce green hydrogen and carbon dioxide. This carbon dioxide is then converted into biomethanol through catalytic synthesis. The technology aims to decarbonize the shipping and chemicals industries by providing sustainable alternatives. The team includes engineers and scientists focused on scaling technologies.
Key facts about PuriFire Energy
- Founded Year: 2020
- Location: Cambridge (United Kingdom)
- Valuation: $*****
- Stage: Seed
- Total Funding till date: $4.88M
- Employee Count: 16 as on Sep 30, 2026
- Investors: Ukri, MNL Nominees and 11 Others
- Latest Funding Round: Grant (prize money), Aug 28, 2024, $*****
2. Spot Ship
Developer of an AI-based IT solution for shipbrokers. It provides users with a cloud-based solution to shipbrokers for incoming position reports and optimal decision making. Its features include fleet tracking, global port databases, drift change monitors, and market development reports.
Key facts about Spot Ship
- Founded Year: 2019
- Location: Wheathampstead (United Kingdom)
- Valuation: $*****
- Stage: Seed
- Total Funding till date: $2.32M
- Employee Count: 158 as on Aug 31, 2026
- Investors: Investible, Loyal and 7 Others
- Latest Funding Round: Seed, Jan 14, 2026, $*****
- Highlight: Editors' Pick
3. Keyless
Developer of biometric authentication platform providing passwordless multi-factor authentication solutions. The platform offers secure device binding, passwordless login, and step-up authentication. It caters to both consumer and workforce authentication needs. Solutions include account recovery, remote access, and shared device authentication. The technology utilizes liveness detection and supports integration via mobile or web software development kits.
Key facts about Keyless
- Founded Year: 2018
- Location: London (United Kingdom)
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $26M
- Employee Count: 41 as on Sep 30, 2026
- Investors: Experian, Lánzame Capital and 57 Others
- Latest Funding Round: Series A, Jan 22, 2025, $*****
- Highlight: Acquired
4. Accacia
Provider of platform for real estate decarbonization with climate-grade products. It focuses on helping the real estate and infrastructure sectors reduce carbon emissions and meet net-zero goals. The platform combines carbon accounting, ESG reporting, sustainability procurement, and decarbonization planning into a unified solution for property owners, developers, asset managers, and financial institutions. The platform automates emissions data tracking and simplifies the procurement of green building materials.
Key facts about Accacia
- Founded Year: 2022
- Location: Gurugram (India)
- Annual Revenue: ₹10 - ₹50 Cr as on Mar 31, 2025
- Stage: Seed
- Total Funding till date: $9M
- Employee Count: 19 as on Apr 30, 2026
- Investors: B Capital, Illuminate Financial and 16 Others
- Latest Funding Round: Seed, Apr 22, 2024, $*****
- Highlight: Editors' Pick
5. Peerby
Online P2P rental platform offering multi-category products. Users can share or request items from people in their neighborhood, connect and transact on the platform. Its mobile app is available for iOS and Android users.
Key facts about Peerby
- Founded Year: 2011
- Location: Amsterdam (Netherlands)
- Stage: Seed
- Total Funding till date: $6.97M
- Employee Count: 5 as on Sep 30, 2026
- Investors: Rubylight, Founder Institute and 12 Others
- Latest Funding Round: Seed, May 31, 2022, $*****
- Highlight: Editors' Pick
Loyal's Year-on-Year Investment Trends
Loyal has invested in 78 companies over the last 7 years, with an average of 5 new investments annually in the last 5 years. In 2025, it made 2 investments, while as of Apr 2026, it has made 1 investment in this year. Its most recent first time investment was in Dehurdle and most recent follow-on round was in Ambr AI.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 1 | 0 | 1 |
2025 | 2 | 0 | 2 |
2024 | 3 | 1 | 4 |
2023 | 6 | 0 | 6 |
2022 | 11 | 1 | 12 |
2021 | 9 | 1 | 10 |
2020 | 4 | 0 | 4 |
2019 | 4 | 0 | 4 |
Loyal's Investments by Stage
Loyal has made 38 investments in Seed stage with an average round size of $1.62M, 1 investment in Angel stage and 1 investment in Series A stage with an average round size of $6.5M.Stage of entry | No. of Investments |
|---|---|
Seed | 38 |
Angel | 1 |
Series A | 1 |
Note: We have considered here, only first round of investments
Loyal's Investments by Sector
Loyal has a diverse portfolio, with companies operating in the Enterprise Applications, FinTech, Consumer, Retail and Vertical SaaS. Notably, it has invested in 69 Tech companies, 43 Enterprise (B2B) companies, 41 Software companies and at least 34 companies focusing on Consumer (B2C).Sector | No. of Investments |
|---|---|
Enterprise Applications | 20 |
FinTech | 10 |
Consumer | 8 |
Retail | 8 |
Vertical SaaS | 8 |
Others | 42 |
Note: We have considered here, only first round of investments
Loyal's Investments by Geography
Loyal has made most investments in India (8), followed by United States where it has made 7 investments.Country | No. of Investments |
|---|---|
India | 8 |
United States | 7 |
Canada | 4 |
United Kingdom | 4 |
Pakistan | 2 |
Others | 15 |
Note: We have considered here, only first round of investments
Loyal's recent investments
Loyal has made 1 investments in 2026 so far - Dehurdle.Here are the most recent investments by Loyal:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Apr 10, 2026 | India | Seed | 9525 | ||
Apr 24, 2025 | United States | Seed | 6898 | [+6] | |
Feb 03, 2025 | United States | Seed | 7867 | ||
Sep 26, 2024 | United Kingdom | Seed | 6005 | [+6] | |
Jun 05, 2024 | India | Seed | 1620 | [+3] |
Acquired companies in Loyal's Portfolio
2 companies from Loyal's portfolio have been acquired. The most recent acquisition was Keyless in Jan 2026 by Ping Identity for $*****.Here are Loyal's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jan 07, 2026 | - | - | 9676 | |
May 24, 2024 | Apr 18, 2022 | Seed | 5828 |
Team profile of Loyal
Loyal has a team of 104 members including 12 Partners, 8 Venture Partners and 1 Principal located in United States, Canada and 11 more locations. Loyal's team does not sit on the board of any company as of now.Here is a list of top team members in Loyal:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Toronto | - | ||
Partner | Toronto | - | ||
Partner | Seattle | - | ||
Partner | Seoul | - | - | |
Partner | San Francisco | - | ||
Partner | Milan | - | ||
Partner | Germany | - | - | |
Partner | Seattle | - | - | |
Partner | Shanghai | - | ||
Partner | United Arab Emirates | - | ||
Partner | Ireland | - |
Co-investors of Loyal
Over the past 7 years, 349 investors have co-invested in Loyal's portfolio companies. This includes funds and angels.
- Invested before Loyal: Orbit Ventures, Techstars and 64 others have invested in rounds before Loyal. There are 2 companies where Orbit Ventures has invested before Loyal and 1 company where Techstars has invested before Loyal.
- Top Co-investors of Loyal: 117 investors entered a company along with Loyal. These include investors like 500 Global (3 companies).
- Invested after Loyal: A total of 166 investors have invested in Loyal's portfolio after their investments. Top Investors include Illuminate Financial (1 company), AC Ventures (1 company) and Outward (1 company).
Recent News related to Loyal
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Palestine’s TAP raised $1 M funding to scale AI-powered platformIncubees•Jan 16, 2025•TAP, Wamda Capital, The World Bank, Loyal
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TAP Raises $1 Million to Transform Job Creation Across Palestine, Jordan, and LebanonRasmal•Jan 08, 2025•TAP, Invest International, Wamda Capital, Loyal
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Higher Education-focused Edtech Startup Edept Raises $1 MillionIndian Startup News•Dec 17, 2024•Edept, Enzia Ventures, Equanimity Investments, Loyal
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Plant-based nutrition startup The Leaf Protein Co rolls up $850,000 pre-Seed raiseStartup Daily•Jun 12, 2024•Big Idea Ventures, LaunchVic, The Leaf Protein, UniMelb and 1 other
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Uptec Startup Receives Investment For Ai Solution That Optimizes Negotiations With SuppliersSupply Chain Magazine•Mar 28, 2024•Value Negotiation Technologies, Loyal
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VN Tech signs an investment agreement with Loyal VC to grow in the enterprise marketEl Referente•Feb 13, 2024•Value Negotiation Technologies, Loyal
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Dutch-based TAP accelerator raises €951K to help Palestinian talents find job opportunitiesSilicon Canals•Oct 05, 2023•TAP, Wamda, The World Bank, Loyal
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Pakistan’s Truckistan Technologies secures $1M initial fundingTechNode•Sep 21, 2023•Truckistan, Reflect Ventures, Orbit Startups, Mentors Fund and 3 others
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Wellx, UAE’s revolutionary health and insurtech platform raises $2mln in seed fundingFintech Finance•Jul 26, 2023•Wellx, Dubai Future District Fund, DASH Ventures, Annex Investments and 6 others
