About Pallasite Ventures
Pallasite Ventures is a venture capital firm founded in 2012. It is primarily based out of Vancouver, Canada. As of Jan 2025, Pallasite Ventures has invested in 73 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 HealthTech. Most recently it participated in the $***** Series B round of Aspect Biosystems Overall, Pallasite Ventures portfolio has seen 2 unicorns, 2 IPOs and 12 acquisitions including key companies like Kraken, TradingView and Thinkific. A lot of funds co-invest with Pallasite Ventures, with names like HPA sharing a substantial percentage of its portfolio.Key Metrics
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series A & 2 more
Portfolio Acquisitions
Portfolio Unicorns
Portfolio Soonicorns
Pallasite Ventures' List of Top Investments
Pallasite Ventures has a portfolio of 73 companies, including 2 unicorns. Their most notable investments are in Phoenix Molecular Designs and Phoenix Molecular Designs.Their portfolio spans across United States, Canada, Argentina and 4 more locations. They have invested in Enterprise Applications, High Tech, HealthTech and 22 other sectors, across stages such as Seed, Series A and 2 more. Here is the list of top investments by Pallasite Ventures:1. Kraken
Provider of a multi-asset trading platform. It is a multi-faceted company offering a range of services including cryptocurrency trading, asset management, and digital marketing solutions.
Key facts about Kraken
- Founded Year: 2011
- Location: Cheyenne (United States)
- Valuation: $*****
- Stage: Series D
- Total Funding till date: $866M
- Employee Count: 1,150 as on Jul 31, 2026
- Investors: ADS Ventures, InvestX and 127 Others
- Latest Funding Round: Series D, Jan 20, 2026, $*****
- Highlight: Editors' Pick
2. TradingView
Financial platform for charting markets, analyzing assets, and sharing trading ideas. It provides advanced charting tools, real-time market data, and technical indicators that allow users to analyze global financial markets such as stocks, cryptocurrencies, forex, indices, and commodities. In addition to analytics, it includes a large community where traders share strategies, insights, and market ideas. It also supports alerts, screeners, and brokerage integrations, enabling users to move from market research to execution in one ecosystem.
Key facts about TradingView
- Founded Year: 2011
- Location: New York City (United States)
- Valuation: $*****
- Stage: Series C
- Total Funding till date: $339M
- Employee Count: 2,869 as on Jul 31, 2026
- Investors: Akkadian Ventures, Launchbay Capital and 14 Others
- Latest Funding Round: Series C, Oct 14, 2021, $*****
- Highlight: Editors' Pick
3. Thinkific
Provider of online academy builder. It enables users to create online courses, digital products, and communities that actually sell. It works on a premium model with revenue generated from transaction fees and subscriptions.
Key facts about Thinkific
- Founded Year: 2012
- Location: Vancouver (Canada)
- Stage: Public
- Total Funding till date: $25M
- Employee Count: 403 as on Jun 30, 2026
- Investors: VFF, Kensington Capital Partners and 5 Others
- Latest Funding Round: Series A, Sep 29, 2020, $*****
- Highlight: Public
4. Luma Health
Web-based solution for unfilled appointment management for healthcare providers. The company offers solutions for clinics and imaging centers. The company matches patients to unfilled appointments. Offers HIPAA compliant appointment reminders that allow patients to confirm or cancel an appointment by text message.
Key facts about Luma Health
- Founded Year: 2012
- Location: San Francisco (United States)
- Stage: Series C
- Total Funding till date: $160M
- Employee Count: 202 as on Jul 31, 2026
- Investors: StartX, PeakSpan Capital and 14 Others
- Latest Funding Round: Series C, Nov 23, 2021, $*****
- Highlight: Editors' Pick
5. Mode Mobile
Web3 platform with reward-based game NFTs. It provides games that are integrated into the Blockchain network, which enables players to trade in in-game assets. Its features include play-to-earn and engage platforms, games, and fan rewards.
Key facts about Mode Mobile
- Founded Year: 2017
- Location: Chicago (United States)
- Annual Revenue: $10M - $50M as on Dec 31, 2022
- Valuation: $*****
- Stage: Seed
- Total Funding till date: $4.29M
- Employee Count: 56 as on Nov 25, 2025
- Investors: IU Ventures, Crux Capital and 12 Others
- Latest Funding Round: Seed, May 19, 2025, $*****
- Highlight: Editors' Pick
Pallasite Ventures' Year-on-Year Investment Trends
Pallasite Ventures has invested in 73 companies over the last 12 years, with an average of 1 new investment annually in the last 10 years. In 2025, it made 1 investment. Its most recent first time investment was in Oncoustics and most recent follow-on round was in Aspect Biosystems.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 0 | 1 | 1 |
2024 | 0 | 0 | 0 |
2023 | 0 | 1 | 1 |
2022 | 1 | 1 | 2 |
2021 | 0 | 0 | 0 |
2020 | 1 | 1 | 2 |
2019 | 3 | 1 | 4 |
2018 | 4 | 1 | 5 |
2017 | 3 | 1 | 4 |
Pallasite Ventures' Investments by Stage
Pallasite Ventures has made 16 investments in Seed stage with an average round size of $2.59M, 3 investments in Series A stage with an average round size of $5.11M, 1 investment in Series B stage with an average round size of $26M and 1 investment in Series C stage with an average round size of $17M.Stage of entry | No. of Investments |
|---|---|
Seed | 16 |
Series A | 3 |
Series B | 1 |
Series C | 1 |
Note: We have considered here, only first round of investments
Pallasite Ventures' Investments by Sector
Pallasite Ventures has a diverse portfolio, with companies operating in the Enterprise Applications, Consumer, HealthTech, Energy Tech and Enterprise Infrastructure. Notably, it has invested in 67 Tech companies, 51 Enterprise (B2B) companies, 44 Software companies and at least 25 companies focusing on Saas.Sector | No. of Investments |
|---|---|
Enterprise Applications | 13 |
Consumer | 3 |
HealthTech | 3 |
Energy Tech | 2 |
Enterprise Infrastructure | 2 |
Others | 18 |
Note: We have considered here, only first round of investments
Pallasite Ventures' Investments by Geography
Pallasite Ventures has made most investments in Canada (10), followed by United States where it has made 10 investments.Country | No. of Investments |
|---|---|
Canada | 10 |
United States | 10 |
Argentina | 1 |
Note: We have considered here, only first round of investments
Pallasite Ventures' recent investments
Pallasite Ventures has not made any investment in 2026 so far.Here are the most recent investments by Pallasite Ventures:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Jan 08, 2025 | Canada | Series B | 1902 | [+6] | |
Dec 05, 2023 | Canada | Series A | 2292 | ||
Jul 21, 2022 | Canada | Seed | 4578 | [+3] | |
Jan 19, 2022 | Canada | Series A | 7215 | [+3] | |
Aug 25, 2020 | United States | Series B | 4152 | [+1] |
Unicorns in Pallasite Ventures' Portfolio
Pallasite Ventures has 2 unicorns in its portfolio - TradingView and Kraken. The most recent unicorn in their portfolio is TradingView. It became a unicorn in 2021, 4 years before Pallasite Ventures first invested in it.Here is a list of unicorns in Pallasite Ventures' portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
74 | Financial platform for charting markets, analyzing assets, and sharing trading ideas | 2011 | New York City | Series C | kfpdijs | ||
82 | Provider of a multi-asset trading platform | 2011 | Cheyenne | Series D | zqnvrfd |
IPOs and Publicly Listed companies in Pallasite Ventures' Portfolio
2 of Pallasite Ventures' portfolio companies have become public. Damon got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ), in Nov 2024 and Thinkific got listed on the OTC Markets (OTCMKTS).Here are Pallasite Ventures' portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Nov 18, 2024 | Jun 04, 2019 | Seed | 1092 | |
Apr 25, 2021 | - | - | 5145 |
Acquired companies in Pallasite Ventures' Portfolio
12 companies from Pallasite Ventures' portfolio have been acquired. The most recent acquisition was Intellihot in Jul 2026 by Zurn Elkay for $*****.Here are Pallasite Ventures' portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jul 20, 2026 | - | - | 8575 | |
Jan 08, 2025 | - | - | 1889 | |
Jun 23, 2022 | - | - | 6619 | |
Mar 23, 2022 | Apr 07, 2017 | Series A | 8617 | |
Aug 25, 2021 | - | - | 3560 |
Co-investors of Pallasite Ventures
Over the past 12 years, 136 investors have co-invested in Pallasite Ventures's portfolio companies. This includes funds and angels.
- Invested before Pallasite Ventures: Techstars, 500 Global and 25 others have invested in rounds before Pallasite Ventures. There are 2 companies where Techstars has invested before Pallasite Ventures and 2 companies where 500 Global has invested before Pallasite Ventures.
- Top Co-investors of Pallasite Ventures: 50 investors entered a company along with Pallasite Ventures. These include investors like HPA (3 companies).
- Invested after Pallasite Ventures: A total of 59 investors have invested in Pallasite Ventures's portfolio after their investments. Top Investors include Indika Energy (1 company), House Of Lithium e-Motorsports (1 company) and Benevolent Capital (1 company).
Recent News related to Pallasite Ventures
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Aspect Biosystems raises US$115m Series BAngel News•Jan 17, 2025•Aspect Biosystems, New Nordic, Radical Ventures, InBC and 10 others
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Aspect Biosystems Raises US$115 Million Series B Financing to Advance Bioprinted Tissue TherapeuticsBusiness Wire•Jan 08, 2025•Aspect Biosystems, InBC, Pallasite Ventures, Pangaea Ventures and 6 others
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Ionomr Innovations Closes USD$20M in Series A-4 FinancingFinSMEs•Dec 05, 2023•Ionomr Innovations, Natural Gas Innovation Fund, Pallasite Ventures, Chevron and 6 others
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Oncoustics Closes $5M+ Seed FundingFinSMEs•Jul 22, 2022•Oncoustics, Creative Ventures, Saltagen Ventures, NorthSpring Capital Partners and 1 other
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ecoation raises $22.5M to Support Global Commercial roll-outEco Ation•Sep 03, 2021•Eco Ation, Biobest Group, Pallasite Ventures
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Ionomr Innovations Increases Seed Financing by $3MFuelcellsworks•Dec 18, 2019•Ionomr Innovations, Pallasite Ventures
