About Ripple Ventures
Ripple Ventures is a venture capital firm founded in 2017. It is primarily based out of Toronto, Canada. As of Jul 2026, Ripple Ventures is an active investor, having invested in 36 companies, with 5 new investments 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 FinTech. Most recently it participated in the $***** Seed round of Katalyze AI Overall, Ripple Ventures portfolio has seen 1 IPO and 5 acquisitions including key companies like Cybeats, Pitstop and OnCall. A lot of funds co-invest with Ripple Ventures, with names like Panache Ventures sharing a substantial percentage of its portfolio. Ripple Ventures has team of 14 people including 5 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed & Series A
Portfolio IPOs
Deals in last 12 months
Ripple Ventures' List of Top Investments
Ripple Ventures has a portfolio of 36 companies. Their most notable investments are in Lula Convenience and NetNow.Their portfolio spans across Canada, United States, Netherlands and 1 more locations. They have invested in Enterprise Applications, High Tech, FinTech and 14 other sectors, across stages such as Seed, Series A stages. Here is the list of top investments by Ripple Ventures:1. Theo AI
AI powered dispute resolution platform. It provides predictive insights for decision-making. The platform leverages proprietary data model and algorithm to predict the dispute outcome. It enables users to share the reports with colleagues and run new predictions with additional case information.
Key facts about Theo AI
- Founded Year: 2024
- Location: San Francisco (United States)
- Stage: Seed
- Total Funding till date: $13.4M
- Employee Count: 30 as on Jul 31, 2026
- Investors: Collide, Ripple Ventures and 12 Others
- Latest Funding Round: Seed, Nov 10, 2025, $*****
- Highlight: Editors' Pick
2. RoseRocket
Provider of cloud-based transportation management system. It offers AI native platform that allows the data-entry work to be done by the customer rather than the fleet owner, customer-specific rating allowing quick pricing decisions, dispatch and planning functionalities, and intelligent push notifications and in-app instant messaging. It is applied in LTL Trucking Companies, 3PLs, trucking brokers, and dedicated fleet management providers. The solution comes with a mobile application that is used by truck drivers.
Key facts about RoseRocket
- Founded Year: 2015
- Location: Toronto (Canada)
- Stage: Series B
- Total Funding till date: $69M
- Employee Count: 72 as on Jul 31, 2026
- Investors: Scale Up Venture Capital, Unifier Ventures and 12 Others
- Latest Funding Round: Series B, Jun 20, 2023, $*****
- Highlight: Editors' Pick
3. Cybeats
Provider of a cybersecurity platform for IoT devices. It provides solutions to identify security vulnerabilities in the development process of a device and protects it against abnormal device behaviour and allows immediate response without downtime. It also provides SOC integration and tools to manage the ongoing security of deployed devices, including secure firmware updates.
Key facts about Cybeats
- Founded Year: 2016
- Location: Toronto (Canada)
- Stage: Public
- Total Funding till date: $3M
- Employee Count: 49 as on May 27, 2025
- Investors: MaRS Discovery District, Graphite Ventures and 13 Others
- Latest Funding Round: Post IPO, Nov 13, 2025, $*****
- Highlight: Public
4. Wisedocs
AI-powered medical record review and claims document processing platform. It organizes, indexes, summarizes, and analyzes large volumes of medical records and claims documents, with expert human oversight. It automates the processing and understanding of medical records and claims documents. It transforms complex healthcare documents into structured chronologies, summaries, and actionable insights for insurers, legal teams, and medical evaluators, with expert human oversight.
Key facts about Wisedocs
- Founded Year: 2018
- Location: Toronto (Canada)
- Stage: Series A
- Total Funding till date: $17.2M
- Employee Count: 49 as on May 27, 2025
- Investors: Information Venture Partners, Ripple Ventures and 10 Others
- Latest Funding Round: Series A, Feb 06, 2025, $*****
- Highlight: Editors' Pick
5. Katalyze AI
Provider of a cloud-based biopharmaceutical manufacturing software. It offers AI-based end-to-end solution platform for biopharmaceutical manufacturers to manage the processes such as track, monitor and control the entirety of biopharmaceutical production process.
Key facts about Katalyze AI
- Founded Year: 2023
- Location: Mountain View (United States)
- Stage: Seed
- Total Funding till date: $10.5M
- Employee Count: 40 as on Jul 31, 2026
- Investors: Ripple Ventures, Bonfire Ventures and 4 Others
- Latest Funding Round: Seed, Jul 06, 2026, $*****
Ripple Ventures' Year-on-Year Investment Trends
Ripple Ventures has invested in 36 companies over the last 8 years, with an average of 3 new investments annually in the last 5 years. In 2025, it made 3 investments, while as of Jul 2026, it has made 4 investments in this year. Its most recent first time investment was in Katalyze AI and most recent follow-on round was in Theo AI.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 4 | 0 | 4 |
2025 | 2 | 1 | 3 |
2024 | 5 | 1 | 6 |
2023 | 3 | 1 | 4 |
2022 | 1 | 1 | 2 |
2021 | 4 | 4 | 8 |
2020 | 1 | 3 | 4 |
2019 | 6 | 2 | 8 |
2018 | 6 | 0 | 6 |
Ripple Ventures' Investments by Stage
Ripple Ventures has made 30 investments in Seed stage with an average round size of $2.98M and 2 investments in Series A stage with an average round size of $6.05M.Stage of entry | No. of Investments |
|---|---|
Seed | 30 |
Series A | 2 |
Note: We have considered here, only first round of investments
Ripple Ventures' Investments by Sector
Ripple Ventures has a diverse portfolio, with companies operating in the Enterprise Applications, Vertical SaaS, HealthTech, High Tech and FinTech. Notably, it has invested in 35 Tech companies, 34 Enterprise (B2B) companies, 34 Software companies and at least 23 companies focusing on Saas.Sector | No. of Investments |
|---|---|
Enterprise Applications | 30 |
Vertical SaaS | 8 |
HealthTech | 6 |
High Tech | 6 |
FinTech | 5 |
Others | 27 |
Note: We have considered here, only first round of investments
Ripple Ventures' Investments by Geography
Ripple Ventures has made most investments in Canada (19), followed by United States where it has made 12 investments.Country | No. of Investments |
|---|---|
Canada | 19 |
United States | 12 |
United Kingdom | 1 |
Note: We have considered here, only first round of investments
Ripple Ventures' recent investments
Ripple Ventures has made 4 investments in 2026 so far. Katalyze AI and Blank Bio are the latest among them.Here are the most recent investments by Ripple Ventures:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Jul 06, 2026 | United States | Seed | 2259 | [+4] | |
May 19, 2026 | United States | Seed | 1949 | [+4] | |
Feb 02, 2026 | Canada | Seed | 7415 | [+1] | |
Jan 20, 2026 | Canada | Seed | 8511 | [+3] | |
Sep 22, 2025 | Canada | Seed | 2304 | [+5] |
IPOs and Publicly Listed companies in Ripple Ventures' Portfolio
1 of Ripple Ventures' portfolio company became public - Cybeats. It got listed on the Canadian Securities Exchange (CSE), in Nov 2022 at marketcap of $764MHere are Ripple Ventures' portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Nov 21, 2022 | Dec 18, 2018 | Seed | 9016 |
Acquired companies in Ripple Ventures' Portfolio
5 companies from Ripple Ventures' portfolio have been acquired. The most recent acquisition was Pitstop in Mar 2026 by Fullbay for $*****.Here are Ripple Ventures' portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Mar 25, 2026 | May 31, 2019 | Seed | 4277 | |
Jul 18, 2024 | Apr 16, 2019 | Seed | 1406 | |
Apr 10, 2024 | - | - | 2956 | |
Sep 15, 2022 | Sep 21, 2021 | Series A | 5925 | |
Apr 04, 2017 | Sep 12, 2018 | Seed | 5248 |
Team profile of Ripple Ventures
Ripple Ventures has a team of 14 members including 5 Partners, 5 Venture Partners and 2 Principals located in Canada, United States and 1 more location. Ripple Ventures' team sits on the board of 2 companies.Here is a list of top team members in Ripple Ventures:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | George Town | - | - | |
Partner | Toronto | - | ||
Partner | Canada | |||
Partner | Eugene | - | - | |
Partner | Toronto | - | - | |
Venture Partner | Toronto | - | - | |
Venture Partner | San Francisco | - | ||
Venture Partner | Toronto | - | - | |
Venture Partner | Toronto | - | - | |
Venture Partner | Toronto | - | - | |
Principal | Healdsburg | - | - |
Co-investors of Ripple Ventures
Over the past 8 years, 184 investors have co-invested in Ripple Ventures's portfolio companies. This includes funds and angels.
- Invested before Ripple Ventures: Techstars, Y Combinator and 16 others have invested in rounds before Ripple Ventures. There are 3 companies where Techstars has invested before Ripple Ventures and 1 company where Y Combinator has invested before Ripple Ventures.
- Top Co-investors of Ripple Ventures: 87 investors entered a company along with Ripple Ventures. These include investors like Panache Ventures (3 companies).
- Invested after Ripple Ventures: A total of 79 investors have invested in Ripple Ventures's portfolio after their investments. Top Investors include Collide (1 company), Four Acres (1 company) and David Fox (1 company).
Recent News related to Ripple Ventures
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Ripple, North Island Ventures back $6 million round for cross-chain platform SquidThe Block•May 22, 2026•Squid, Borderless Capital, North Island Ventures, Ripple and 1 other
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Blank Bio Announces Seed Financing and Strategic Collaboration with PacBio to Advance RNA Foundation Models for Precision OncologyBusiness Wire•May 19, 2026•Blank Bio, PacBio, Leonis Capital, Ripple Ventures and 3 others
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Tazapay nets $36m series B led by Circle VenturesStartupNews•Mar 26, 2026•TazaPay, Circle, Arc180, Norinchukin Capital and 11 others
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Mycroft launches with $3.5M to bring agentic AI to security and complianceSiliconAngle•Sep 22, 2025•superwhisper, Los Angeles Unified School District, Wisedocs, US Department of Labor and 11 others
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Webus International Lands Up to $100 Million Equity Line with Ripple Strategy HoldingsGlobeNewswire•Jul 01, 2025•Ripple Ventures, WeBus
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Scalestack Secures $3 Million to Transform GTM Ops at Enterprise ScaleMarTech Series•Dec 06, 2024•Criteria Venture Tech, Sentiero, Exor, Geek Ventures and 13 others
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Theo Ai Announces $2.2M Pre-Seed Funding to Bring Predictive Analytics to the Legal Industryintelligence360•Dec 03, 2024•Theo AI, Nextview, Newark Venture Partners, Ripple Ventures and 4 others
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Theo Ai Raises $2.2M in Pre-Seed FundingFinSMEs•Nov 20, 2024•Theo AI, NextView Ventures, Norwest Venture Partners, Ripple Ventures and 3 others
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NetNow: Trade Credit Automation Platform Company Raises $1.8 Million (Pre-Seed)Pulse 2.0•Sep 23, 2024•NetNow, Ripple Ventures, Centre Street Partners, Antler and 2 others
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Skyfire Systems Raises $8.5M in FundingFinSMEs•Aug 21, 2024•Skyfire, Neuberger Berman, Brevan Howard, Intersection Growth Partners and 16 others
