About Relentless Venture Fund
Relentless Venture Fund is a venture capital firm founded in 2014. It is primarily based out of Vancouver, Canada. As of Aug 2022, Relentless Venture Fund has invested in 12 companies. It primarily invests in Series A round in Canada based startups. Its investments are spread across a wide range of sectors from HealthTech to High Tech and Life Sciences. Most recently it participated in the $***** Seed round of LUCID Overall, Relentless Venture Fund portfolio has seen 1 IPO and 3 acquisitions including key companies like Squarespace, Newtopia and SnapClarity. A lot of funds co-invest with Relentless Venture Fund, with names like Pallasite Ventures sharing a substantial percentage of its portfolio. Relentless Venture Fund has team of 6 people including 1 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Series A & Seed
Portfolio IPOs
Portfolio Acquisitions
Relentless Venture Fund's List of Top Investments
Relentless Venture Fund has a portfolio of 12 companies. Their most notable investmentis in SnapClarityTheir portfolio spans across Canada and United States. They have invested in HealthTech, High Tech, Life Sciences and 4 other sectors, across stages such as Series A, Seed stages. Here is the list of top investments by Relentless Venture Fund:1. Squarespace
Provider of tools for website creation, hosting, and online business. The platform offers website templates, an AI website builder, and design intelligence features. It also provides tools for e-commerce, marketing, domain registration, and business management. The platform supports various business types, including creative services, professional services, education, beauty, and health.
Key facts about Squarespace
- Founded Year: 2003
- Location: United States
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $591M
- Employee Count: 2,161 as on Sep 30, 2026
- Investors: ADS Ventures, equitywestsecurities.com and 21 Others
- Latest Funding Round: Series E, Jan 16, 2025, $*****
- Highlight: Acquired
Developer of bioprinting technology and tissue therapeutics for regenerative medicine. The company’s platform integrates bioprinting, computational design, therapeutic cells, and biomaterials. It develops implantable tissues to replace, repair, or supplement biological functions. The focus is on creating solutions for metabolic and endocrine diseases. The company also collaborates with other organizations.
Key facts about Aspect Biosystems
- Founded Year: 2013
- Location: Vancouver (Canada)
- Stage: Series B
- Total Funding till date: $139M
- Employee Count: 148 as on Sep 30, 2026
- Investors: Rising Tide Fund, Pangaea Ventures and 21 Others
- Latest Funding Round: Series B, Jan 08, 2025, $*****
- Highlight: Editors' Pick
3. LUCID
Key facts about LUCID
- Founded Year: 2017
- Location: Toronto (Canada)
- Annual Revenue: $1M - $10M as on Dec 31, 2013
- Stage: Seed
- Total Funding till date: $2.46M
- Employee Count: 47 as on Aug 31, 2026
- Investors: Reverb Capital, Amplify Capital and 5 Others
- Latest Funding Round: Seed, Aug 12, 2022, $*****
4. Newtopia
Provider of health management platform for employers and insurers. It offers weight related genes recommends the exercise program and gets personalized coaching from the care team. It has API with wearables to track nutrition and daily activity for employees and individuals. The platform provides online information and programs for different health problems such as Type 2 Diabetes, Hypertension, Heart Disease, and Obesity, disease prevention programs, weight management programs, and more.
Key facts about Newtopia
- Founded Year: 2008
- Location: New York City (United States)
- Stage: Public
- Total Funding till date: $13.1M
- Employee Count: 49 as on Sep 30, 2026
- Investors: MaRS Discovery District, Onbelay Capital and 5 Others
- Latest Funding Round: Post IPO, Feb 29, 2024, $*****
- Highlight: Public
5. Orpyx
Wearable devices for neuropathy patients and athletes. It develops a sensor-based product, Orpyx SI, the sensory insoles with remote patient monitoring allows users to manage and prevent diabetic foot ulcers and limb loss through advanced foot sensor technology and real-time analytics. The insoles can fit above the shoe and capture pressure data from the user's feet. The pressure data is then wirelessly transmitted from the shoe inserts to a smartwatch. The smartwatch alerts the user at extreme pressure levels to modify their behaviour and avoid damage. The device can be used to track neuropathy and is FDA cleared. Other product lines include SurroSense Rx system, Orpyx LogR solution and SurroGai Rx system.
Key facts about Orpyx
- Founded Year: 2010
- Location: Calgary (Canada)
- Stage: Series B
- Total Funding till date: $38.5M
- Employee Count: 73 as on Sep 30, 2026
- Investors: Perceptive Advisors, Anges Quebec and 7 Others
- Latest Funding Round: Series B, Sep 24, 2024, $*****
- Highlight: Editors' Pick
Relentless Venture Fund's Year-on-Year Investment Trends
Relentless Venture Fund has invested in 12 companies over the last 10 years, with an average of 1 new investment annually in the last 10 years. Its most recent first time investment was in LUCID.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 | 1 | 0 | 1 |
2021 | 0 | 0 | 0 |
2020 | 1 | 0 | 1 |
2019 | 1 | 0 | 1 |
2018 | 1 | 0 | 1 |
2017 | 1 | 0 | 1 |
Relentless Venture Fund's Investments by Stage
Relentless Venture Fund has made 4 investments in Series A stage with an average round size of $5.6M and 3 investments in Seed stage with an average round size of $1.69M.Stage of entry | No. of Investments |
|---|---|
Series A | 4 |
Seed | 3 |
Note: We have considered here, only first round of investments
Relentless Venture Fund's Investments by Sector
Relentless Venture Fund has a diverse portfolio, with companies operating in the HealthTech, Consumer, High Tech, Internet of Things - Industry Applications and Enterprise Applications. Notably, it has invested in 10 Tech companies, 7 Consumer (B2C) companies, 6 Enterprise (B2B) companies and at least 6 companies focusing on Software.Sector | No. of Investments |
|---|---|
HealthTech | 5 |
Consumer | 3 |
High Tech | 3 |
Internet of Things - Industry Applications | 2 |
Enterprise Applications | 1 |
Others | 2 |
Note: We have considered here, only first round of investments
Relentless Venture Fund's Investments by Geography
Relentless Venture Fund has made most investments in Canada (7).Relentless Venture Fund's recent investments
Relentless Venture Fund has not made any investment in 2026 so far.Here are the most recent investments by Relentless Venture Fund:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Aug 12, 2022 | Canada | Seed | 1943 | [+2] | |
Jul 17, 2020 | Canada | Series A | 2260 | [+5] | |
Sep 11, 2019 | Canada | Series A | 4144 | - | |
May 18, 2018 | Canada | Series A | 6063 | [+2] | |
Sep 18, 2017 | Canada | Series A | 7248 | [+2] |
IPOs and Publicly Listed companies in Relentless Venture Fund's Portfolio
1 of Relentless Venture Fund's portfolio company became public - Newtopia. It got listed on the Toronto Stock Exchange - Venture Exchange (TSX-V), in May 2020.Here are Relentless Venture Fund's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
May 04, 2020 | - | - | 6964 |
Acquired companies in Relentless Venture Fund's Portfolio
3 companies from Relentless Venture Fund's portfolio have been acquired. The most recent acquisition was Squarespace in Apr 2025 by Zenatech for $*****.Here are Relentless Venture Fund's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Apr 10, 2025 | - | - | 3031 | |
Nov 10, 2022 | Feb 12, 2016 | Seed | 8571 | |
Jul 16, 2020 | Sep 11, 2019 | Series A | 8385 |
Team profile of Relentless Venture Fund
Relentless Venture Fund has a team of 6 members including 1 Partner and 1 Venture Partner located in United States and Canada. Relentless Venture Fund's team does not sit on the board of any company as of now.Co-investors of Relentless Venture Fund
Over the past 10 years, 37 investors have co-invested in Relentless Venture Fund's portfolio companies. This includes funds and angels.
- Invested before Relentless Venture Fund: Ontario Brain Institute, NEXT Canada and 5 others have invested in rounds before Relentless Venture Fund. There is 1 company where Ontario Brain Institute has invested before Relentless Venture Fund and 1 company where NEXT Canada has invested before Relentless Venture Fund.
- Top Co-investors of Relentless Venture Fund: 16 investors entered a company along with Relentless Venture Fund. These include investors like Pallasite Ventures (1 company).
- Invested after Relentless Venture Fund: A total of 14 investors have invested in Relentless Venture Fund's portfolio after their investments. Top Investors include Radical Ventures (1 company), Rhino Ventures (1 company) and Canadian Space Agency (1 company).
Recent News related to Relentless Venture Fund
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Showroom B2B raises $1.35 million in seed round from Strive VC, othersFashion Network•Jan 11, 2023•ShowroomB2B, STRIVE, Gemba Capital, Titan Capital and 4 others
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SaaS startup Turns raises pre-seed round led by Better CapitalEntrackr•Jan 11, 2023•Turns, Better Capital, PointOne Capital, Amobee and 7 others
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ClaimBuddy Bags $3 Million Pre-series A FundingDigital Terminal•Feb 28, 2022•ClaimBuddy, Chiratae Ventures, Rebright Partners, Titan Capital and 4 others
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100X.VC Backed Freight Tech Startup WayFr Raises 3 Crores in a Seed Round From 2am VC, Relentless Ventures, and OthersIndianWeb2•Dec 07, 2021•WayFr, 2am VC, Relentless Venture Fund, 100X.VC and 1 other
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Calgary’s Orpyx Raises $7.6 Million Series A To Commercialize, Develop Shoe-based Diabetes TechBetaKit•Jul 16, 2020•Orpyx, Aphelion Capital, Thin Air Labs, Intergenconnect and 4 others
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Orpyx Medical picks up Series A financing led by PaddockVCJ•Jul 08, 2020•Orpyx, Aphelion Capital, Thin Air Labs, InterGen and 7 others
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Relentless Venture Fund invests in healthtech startup Snapclarity to reaffirm its commitment to mental healthTechStartups.com•Sep 11, 2019•Relentless Venture Fund, SnapClarity
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Vancouver’s Canary Medical raises $10M in VC fundingFundingportal•May 23, 2018•Canary Medical, BioScience Managers, Quark Venture, GF Securities and 1 other
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Bioscience Managers' Invests in Canary Medical's Proprietary 'Smart' Implant TechnologyPR Newswire•May 18, 2018•Canary Medical, BioScience Managers, Quark Venture, GF Securities and 1 other
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Aspect Biosystems Closes First Institutionally Led Round of Financing | Business WireBusiness Wire•Sep 18, 2017•Aspect Biosystems, Pangaea Ventures, Endure Capital, Pallasite Ventures and 1 other
