About RBC Ventures
RBC Ventures is a venture capital firm founded in 2017. It is primarily based out of Toronto, Canada. As of May 2021, RBC Ventures has invested in 13 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 FinTech and Real Estate and Construction Tech. Most recently it participated in the $***** Seed round of HelloDarwin Overall, RBC Ventures portfolio has seen 5 acquisitions including key companies like Wave, TouchBistro and Visible Alpha. A lot of funds co-invest with RBC Ventures, with names like National Australia Bank sharing a substantial percentage of its portfolio. RBC Ventures has team of 2 people including 1 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Series B, Seed & 3 more
Portfolio Acquisitions
RBC Ventures' List of Top Investments
RBC Ventures has a portfolio of 13 companies. Their most notable investments are in Ojo Technologies and YourMechanic.Their portfolio spans across Canada, United States and United Kingdom. They have invested in Enterprise Applications, FinTech, Real Estate and Construction Tech and 13 other sectors, across stages such as Series B, Seed and 3 more. Here is the list of top investments by RBC Ventures:1. R3
Provider of digital currency, digital asset and interoperability solutions. It supports Central Banks, Corporates and FMIs by providing them with the tools to navigate the complexities of digitization and token creation. It provides enterprise technology and services for direct, digital collaboration, with a focus on real-world asset tokenization and digital currencies.
Key facts about R3
- Founded Year: 2015
- Location: London (United Kingdom)
- Stage: Series A
- Total Funding till date: $112M
- Employee Count: 325 as on Aug 31, 2026
- Investors: Commerzbank, BNP Paribas and 31 Others
- Latest Funding Round: Conventional Debt, Jul 11, 2019, $*****
- Highlight: Editors' Pick
2. Wave
Wave provides web-based accounting software for businesses. It features solutions for accounting to track income and expenses, invoicing to create and send invoices to customers with multiple templates, receipt scanning, mobile invoicing, recurring billing, and more. The mobile application is available on both IOS platform and the APK version.
Key facts about Wave
- Founded Year: 2010
- Location: Toronto (Canada)
- Stage: Acquired
- Total Funding till date: $82.4M
- Employee Count: 277 as on Aug 31, 2026
- Investors: HarbourVest Partners, Founders Growth Equity Fund and 20 Others
- Latest Funding Round: Series D, May 02, 2019, $*****
- Highlight: Acquired
3. TouchBistro
Cloud-based POS and restaurant management system. It offers payment processing, act as a menu, and allows servers to take customer orders and send them to the kitchen. Its clients include restaurants, fast food joints, food trucks, coffee shops, and others in the food services industries.
Key facts about TouchBistro
- Founded Year: 2010
- Location: Toronto (Canada)
- Annual Revenue: £0 - £1M as on Dec 31, 2022
- Stage: Acquired
- Total Funding till date: $321M
- Employee Count: 363 as on Aug 31, 2026
- Investors: Walden Venture Capital, Napier Park Global Capital and 21 Others
- Latest Funding Round: Series E, Nov 01, 2022, $*****
- Highlight: Acquired
4. Maple
Maple is an online doctor consultation platform. Users can seek remote doctor consultation through video conferencing. Provides services for a range of general illness including flu, eye and ear infections, urinary tract infections, allergic reactions, skin issues and rashes, vomiting and diarrhea, minor injuries, among others.
Key facts about Maple
- Founded Year: 2015
- Location: Toronto (Canada)
- Valuation: $*****
- Stage: Series B
- Total Funding till date: $71.9M
- Employee Count: 280 as on Aug 31, 2026
- Investors: RBC Ventures, MaRS Discovery District and 9 Others
- Latest Funding Round: Series B, Sep 15, 2020, $*****
- Highlight: Editors' Pick
Provider of financial datasets for institutional investors. It optimizes the buy-side investment research process by extracting insights from key sell-side assets. It also includes comparable forecast models and financial data from equity analysts. The research data includes statements, balance sheets, cash flow statements, product-level sales, pricing and margins, segmented financial forecasts, geographic breakdowns, operation metrics, and expense models.
Key facts about Visible Alpha
- Founded Year: 2012
- Location: New York City (United States)
- Stage: Acquired
- Total Funding till date: $68M
- Employee Count: 229 as on Aug 31, 2026
- Investors: Goldman Sachs, Citi and 12 Others
- Latest Funding Round: Series B, Mar 22, 2018, $*****
- Highlight: Acquired
RBC Ventures' Year-on-Year Investment Trends
Its most recent first time investment was in HelloDarwin and most recent follow-on round was in Ojo Technologies.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 0 | 0 | 0 |
2024 | 0 | 0 | 0 |
2023 | 0 | 0 | 0 |
2022 | 0 | 0 | 0 |
2021 | 1 | 0 | 1 |
2020 | 0 | 0 | 0 |
2019 | 3 | 2 | 5 |
2018 | 3 | 0 | 3 |
2017 | 1 | 0 | 1 |
RBC Ventures' Investments by Stage
RBC Ventures has made 3 investments in Series B stage with an average round size of $24.9M, 2 investments in Seed stage with an average round size of $1.83M, 1 investment in Series A stage with an average round size of $18M, 1 investment in Series D stage with an average round size of $24M and 1 investment in Series E stage with an average round size of $119M.Stage of entry | No. of Investments |
|---|---|
Series B | 3 |
Seed | 2 |
Series A | 1 |
Series D | 1 |
Series E | 1 |
Note: We have considered here, only first round of investments
RBC Ventures' Investments by Sector
RBC Ventures has a diverse portfolio, with companies operating in the Enterprise Applications, Consumer, FinTech, Auto and Auto Tech. Notably, it has invested in 11 Tech companies, 7 Enterprise (B2B) companies, 7 Software companies and at least 5 companies focusing on Consumer (B2C).Sector | No. of Investments |
|---|---|
Enterprise Applications | 5 |
Consumer | 2 |
FinTech | 2 |
Auto | 1 |
Auto Tech | 1 |
Others | 8 |
Note: We have considered here, only first round of investments
RBC Ventures' Investments by Geography
RBC Ventures has made most investments in Canada (4), followed by United States where it has made 3 investments.Country | No. of Investments |
|---|---|
Canada | 4 |
United States | 3 |
United Kingdom | 1 |
Note: We have considered here, only first round of investments
RBC Ventures' recent investments
RBC Ventures has not made any investment in 2026 so far.Here are the most recent investments by RBC Ventures:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
May 31, 2021 | Canada | Seed | 8767 | [+4] | |
Sep 25, 2019 | United Kingdom | Series A | 5658 | [+8] | |
Sep 18, 2019 | Canada | Series E | 7984 | [+7] | |
Aug 22, 2019 | Canada | Series B | 4333 | ||
Mar 19, 2019 | United States | Series C | 2258 | [+2] |
Acquired companies in RBC Ventures' Portfolio
5 companies from RBC Ventures' portfolio have been acquired. The most recent acquisition was TouchBistro in Jul 2026 by Harris Computer for $*****.Here are RBC Ventures' portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jul 13, 2026 | Sep 18, 2019 | Series E | 9030 | |
Feb 20, 2024 | - | - | 1495 | |
Jun 02, 2022 | Oct 09, 2018 | Series B | 7463 | |
Mar 24, 2022 | - | - | 3800 | |
Jun 11, 2019 | May 30, 2017 | Series D | 4053 |
Team profile of RBC Ventures
RBC Ventures has a team of 2 members located in Canada. RBC Ventures' team does not sit on the board of any company as of now.Co-investors of RBC Ventures
Over the past 9 years, 82 investors have co-invested in RBC Ventures's portfolio companies. This includes funds and angels.
- Invested before RBC Ventures: OMERS, BDC and 42 others have invested in rounds before RBC Ventures. There are 2 companies where OMERS has invested before RBC Ventures and 2 companies where BDC has invested before RBC Ventures.
- Top Co-investors of RBC Ventures: 31 investors entered a company along with RBC Ventures. These include investors like National Australia Bank (1 company).
- Invested after RBC Ventures: A total of 7 investors have invested in RBC Ventures's portfolio after their investments. Top Investors include Fineqia (1 company), Francisco Partners (1 company) and Wafra (1 company).
Recent News related to RBC Ventures
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Francisco Partners Backs Growth Of Restaurant Tech Platform TouchbistroVCJ•Nov 01, 2022•TouchBistro, Francisco Partners, Barclays, BDC and 7 others
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RBC Merges Technology Banking, Ventures Groups Under RBCx NameFinancial Post•Sep 21, 2022•RBC Ventures, RBC, RBC Royal Bank
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BMO Extends Maple Leaf Foods Extends $2B Sustainability-Linked Credit FacilityABFJournal•Jul 01, 2022•Maple Leaf Foods, BMO Capital Markets, RBC Ventures, Scotiabank and 2 others
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RBC Ventures: Introduces Mydoh an innovative money management appFintechinshorts•Aug 15, 2021•RBC Ventures
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RBC Ventures Acquires Digital Healthcare Startup Dr.BillDigital Magazine•Feb 24, 2020•RBC Ventures, Dr. Bill
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Banks struggle to sell loan backing Young’s Seafood buyReuters•Dec 11, 2019•Young's SeaFood, CapVest, Barclays, Goldman Sachs and 4 others
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Big banks plug $18m into Soho fintech FidelCity A.M.•Sep 25, 2019•QED Investors, Fidel, Citi, Nyca Partners and 10 others
