About Real Ventures
Real Ventures is a venture capital firm founded in 2007. It is primarily based out of Montreal, Canada. As of May 2026, Real Ventures is an active investor, having invested in 214 companies, with 1 new investment in the last 12 months. 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 $***** Series A round of Nord Quantique Overall, Real Ventures portfolio has seen 3 unicorns, 2 IPOs and 50 acquisitions including key companies like Clearco, Blockstream and Sonder. A lot of funds co-invest with Real Ventures, with names like BDC sharing a substantial percentage of its portfolio. Real Ventures has team of 25 people including 5 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series A & 2 more
Portfolio Acquisitions
Portfolio Unicorns
Deals in last 12 months
Real Ventures' List of Top Investments
Real Ventures has a portfolio of 214 companies, including 3 unicorns. Their most notable investments are in Spark Microsystems and Sollum Technologies.Their portfolio spans across Canada, United States, Australia and 5 more locations. They have invested in Enterprise Applications, High Tech, Consumer and 28 other sectors, across stages such as Seed, Series A and 2 more. Here is the list of top investments by Real Ventures:1. Busbud
App-based bus travel bookings. It helps users find and select bus routes through clear and organized digital tools. The platform supports comparing options so trips can be planned with simplicity. It offers an online space where tickets and travel details are managed in one place.
Key facts about Busbud
- Founded Year: 2011
- Location: Montreal (Canada)
- Stage: Series C
- Total Funding till date: $46M
- Employee Count: 86 as on Apr 30, 2026
- Investors: Teralys Capital, Inovia Capital and 17 Others
- Latest Funding Round: Series C, Feb 22, 2022, $*****
- Highlight: Editors' Pick
2. Clearco
Revenue-based financing solution. It provides loans to businesses in return for a part or percentage of revenue generated by the business. It provides loans to eCommerce, SaaS, and more.
Key facts about Clearco
- Founded Year: 2015
- Location: Toronto (Canada)
- Valuation: $*****
- Stage: Series D
- Total Funding till date: $775M
- Employee Count: 152 as on Apr 30, 2026
- Investors: Founders Circle Capital, Inovia Capital and 28 Others
- Latest Funding Round: Series D, Oct 04, 2023, $*****
- Highlight: Editors' Pick
3. Landr
Provider of online tools for music mastering, distribution, and collaboration. It offers artificial intelligence mastering, distribution to streaming platforms, samples, plugins, and online music courses. Collaboration tools are available for remote sessions. Services include audio video chats and community channels. Users can access courses taught by industry professionals.
Key facts about Landr
- Founded Year: 2012
- Location: Montreal (Canada)
- Stage: Series B
- Total Funding till date: $37.7M
- Employee Count: 173 as on Apr 30, 2026
- Investors: Sony Innovation Fund, Real Ventures and 13 Others
- Latest Funding Round: Series B, Jul 16, 2019, $*****
- Highlight: Editors' Pick
4. Blockstream
Developer of blockchain-based platform building crypto-financial infrastructure. It provides users with detailed blockchain data through open-source block explorer and offers a hardware wallet for Bitcoin and liquid assets. It also operates the Blockstream satellite, which broadcasts the Bitcoin blockchain worldwide and provides enterprise-class Bitcoin mining services.
Key facts about Blockstream
- Founded Year: 2014
- Location: Montreal (Canada)
- Valuation: $*****
- Stage: Series C
- Total Funding till date: $651M
- Employee Count: 100 as on Mar 31, 2025
- Investors: AME Cloud Ventures, Baillie Gifford and 46 Others
- Latest Funding Round: Series C, Oct 15, 2024, $*****
- Highlight: Editors' Pick

5. League
League provides a SaaS-based digital platform for employee health benefits. The platform gives employers tools to easily manage their benefits program and deliver healthcare services for employees. The web-based app gives the ability to create personal health spending accounts and tracks employee utilization. It also gives customized offerings for employees, delivered on-site by the best health professionals in the business.
Key facts about League
- Founded Year: 2014
- Location: Toronto (Canada)
- Valuation: $*****
- Stage: Series C
- Total Funding till date: $242M
- Employee Count: 103 as on Mar 31, 2025
- Investors: TDM Growth Partners, Royal Bank of Canada and 18 Others
- Latest Funding Round: Series C, Feb 28, 2025, $*****
- Highlight: Editors' Pick
Real Ventures' Year-on-Year Investment Trends
Real Ventures has invested in 214 companies over the last 16 years, with an average of 7 new investments annually in the last 10 years. In 2025, it made 2 investments, while as of May 2026, it has made 2 investments in this year. Its most recent first time investment was in tilt.pro and most recent follow-on round was in Nord Quantique.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 2 | 2 |
2025 | 2 | 0 | 2 |
2024 | 1 | 1 | 2 |
2023 | 3 | 5 | 8 |
2022 | 3 | 2 | 5 |
2021 | 11 | 11 | 22 |
2020 | 8 | 9 | 17 |
2019 | 10 | 8 | 18 |
2018 | 16 | 14 | 30 |
2017 | 11 | 5 | 16 |
Real Ventures' Investments by Stage
Real Ventures has made 108 investments in Seed stage with an average round size of $2.48M, 33 investments in Series A stage with an average round size of $10.8M, 3 investments in Series B stage with an average round size of $26.5M and 2 investments in Unattributed stage.Stage of entry | No. of Investments |
|---|---|
Seed | 108 |
Series A | 33 |
Series B | 3 |
Unattributed | 2 |
Note: We have considered here, only first round of investments
Real Ventures' Investments by Sector
Real Ventures has a diverse portfolio, with companies operating in the Enterprise Applications, Consumer, High Tech, Retail and Vertical SaaS. Notably, it has invested in 197 Tech companies, 146 Enterprise (B2B) companies, 128 Software companies and at least 75 companies focusing on Saas.Sector | No. of Investments |
|---|---|
Enterprise Applications | 79 |
Consumer | 49 |
High Tech | 30 |
Retail | 22 |
Vertical SaaS | 21 |
Others | 172 |
Note: We have considered here, only first round of investments
Real Ventures' Investments by Geography
Real Ventures has made most investments in Canada (114), followed by United States where it has made 29 investments.Country | No. of Investments |
|---|---|
Canada | 114 |
United States | 29 |
United Kingdom | 2 |
Italy | 1 |
Mexico | 1 |
Others | 1 |
Note: We have considered here, only first round of investments
Real Ventures' recent investments
Real Ventures has made 2 investments in 2026 so far - Nord Quantique and Spark Microsystems.Here are the most recent investments by Real Ventures:
Date | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
May 18, 2026 | Canada | Series A | 1789 | [+5] | |
Mar 23, 2026 | Canada | Series B | 8498 | [+3] | |
Sep 22, 2025 | United States | Seed | 7587 | [+4] | |
Apr 08, 2025 | Canada | Series A | 1986 | [+3] | |
Sep 17, 2024 | Canada | Series B | 1613 | [+4] |
Unicorns in Real Ventures' Portfolio
Real Ventures has 3 unicorns in its portfolio - Blockstream, Tenstorrent and Clearco. The most recent unicorn in their portfolio is Blockstream. It became a unicorn in 2021, 6 years after Real Ventures first invested in it.Here is a list of unicorns in Real Ventures' portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
76 | Developer of blockchain-based platform building crypto-financial infrastructure | 2014 | Montreal | Series C | dyltukp | ||
64 | Developer of hardware and open-source software for artificial intelligence acceleration | 2016 | Toronto | Series D | inbuoaq | ||
77 | Revenue-based financing solution | 2015 | Toronto | Series D | xaowpig |
IPOs and Publicly Listed companies in Real Ventures' Portfolio
2 of Real Ventures' portfolio companies have become public. Xanadu got listed on the Toronto Stock Exchange (TSX), in Mar 2026 at marketcap of $433M and Sonder got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ).Here are Real Ventures' portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Mar 26, 2026 | May 10, 2018 | Seed | 5815 | |
Mar 19, 2021 | Sep 21, 2016 | Series A | 8855 |
Acquired companies in Real Ventures' Portfolio
50 companies from Real Ventures' portfolio have been acquired. The most recent acquisition was Plum.io in Apr 2026 by Phenom for $*****.Here are Real Ventures' portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Apr 28, 2026 | Sep 18, 2019 | Seed | 6366 | |
Apr 14, 2026 | - | - | 3902 | |
May 08, 2023 | - | - | 1856 | |
Feb 28, 2023 | Aug 18, 2014 | Series A | 4442 | |
Nov 03, 2022 | May 09, 2019 | Seed | 6246 |
Team profile of Real Ventures
Real Ventures has a team of 25 members including 5 Partners and 3 Principals located in Canada. Real Ventures' team sits on the board of 1 company.Here is a list of top team members in Real Ventures:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | - | - | ||
Partner | Montreal | - | - | |
Partner | Montreal | - | - | |
Partner | Montreal | - | - | |
Partner | Montreal | - | - | |
Principal | - | - | ||
Principal | Montreal | - | ||
Principal | Montreal | - |
Co-investors of Real Ventures
Over the past 16 years, 716 investors have co-invested in Real Ventures's portfolio companies. This includes funds and angels.
- Invested before Real Ventures: FounderFuel, Y Combinator and 78 others have invested in rounds before Real Ventures. There are 7 companies where FounderFuel has invested before Real Ventures and 6 companies where Y Combinator has invested before Real Ventures.
- Top Co-investors of Real Ventures: 294 investors entered a company along with Real Ventures. These include investors like BDC (16 companies).
- Invested after Real Ventures: A total of 342 investors have invested in Real Ventures's portfolio after their investments. Top Investors include Invest Quebec (13 companies), BDC (10 companies) and Export Development Canada (8 companies).
Recent News related to Real Ventures
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Nord Quantique Raises $30M in Funding, Valued at $1.4 BillionFinSMEs•May 18, 2026•Quantacet, Quantonation, BDC, Panache Ventures and 2 others
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Spark Microsystems Raises CAD $17M in Series B FundingFinSMEs•Mar 23, 2026•Idealist Capital, ND Capital, Spark Microsystems, Cycle Capital and 1 other
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Tilt Secures $7.1M Seed Round for AI-Powered Direct Indexing Platform LaunchFinancial Post•Sep 22, 2025•Tilt, Golden Ventures, FJ Labs, Lerer Hippeau and 5 others
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Mosaic raises $28 million CAD to accelerate its growth strategy in AMVoxelMatters•Sep 18, 2024•The Mosaic Company, Idealist Capital, Mosaic Manufacturing, Freycinet Ventures and 2 others
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Nomic® Secures $42M in Oversubscribed Series B to Expand Access to Protein ProfilingFinancial Post•Sep 17, 2024•Nomic, Amplitude, AVANT BIO, Lux Capital and 2 others
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BioIntelligence Technologies Raises $5M in FundingFinSMEs•Apr 29, 2024•BioIntelligence Technology, Amplify Capital, Invest Quebec, Real Ventures and 3 others
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dcbel Raises $50M+ In Series B FundingFinSMEs•Aug 18, 2023•dcbel, Volvo Cars, Coatue, Real Ventures and 2 others
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HumanFirst Raises CAD$5M in Seed FundingDemand Gen Report•Jul 27, 2023•HumanFirst, Panache Ventures, Inovia Capital, Real Ventures and 1 other
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UK’s BIOS Health raises funds to develop AI-driven precision medicine for the nervous systemSilicon Canals•Jun 23, 2023•BIOS, Y Combinator, Selvedge Venture, XTX Markets and 2 others
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