About Roach Capital
Roach Capital is a venture capital firm founded in 2019. It is primarily based out of Toronto, Canada. As of 2023, Roach Capital has invested in 38 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 FinTech. Most recently it participated in the $***** Seed round of Bench IQ Overall, Roach Capital portfolio has seen 4 unicorns and 5 acquisitions including key companies like Replit, Ada and Kit. A lot of funds co-invest with Roach Capital, with names like Graphite Ventures sharing a substantial percentage of its portfolio. Roach Capital has team of 2 people.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed
Roach Capital's List of Top Investments
Roach Capital has a portfolio of 38 companies, including 4 unicorns. Their most notable investmentis in WelbiTheir portfolio spans across United States, Canada, Brazil and 1 more locations. They have invested in Enterprise Applications, High Tech, FinTech and 15 other sectors, across stages such as Seed stage. Here is the list of top investments by Roach Capital:
1. Replit
AI platform to build apps, websites, and software instantly. It enables users to create, deploy, and scale apps, websites, and software using natural language, with built-in tools for design, databases, hosting, collaboration, and integrations.
Key facts about Replit
2. Relay
Digital business banking platform that helps small businesses manage cash flow with multi-account structures. It lets businesses create multiple checking and savings accounts to organize cash flows by purpose—such as payroll, taxes, income, and operating expenses—giving owners clearer visibility and control over spending. It includes tools for issuing debit and credit cards, setting spending limits, automating expense categorization, managing payables and receivables, and integrating with accounting systems. It also offers savings features and cash management workflows intended to help businesses build reserves and improve financial discipline.
Key facts about Relay
- Founded Year: 2018
- Location: Toronto (Canada)
- Stage: Series C
- Total Funding till date: $102M
- Employee Count: 409 as on Sep 30, 2026
- Investors: Industry Ventures, Tribe Capital and 13 Others
- Latest Funding Round: Series C, May 19, 2026, $*****
- Highlight: Editors' Pick
3. Ada
AI platform for text based customer support. The platform helps organizations manage customer conversations across different industries through written communication. It supports handling inquiries, responses, and ongoing support interactions within a centralized online system.
Key facts about Ada
- Founded Year: 2016
- Location: Toronto (Canada)
- Valuation: $*****
- Stage: Series C
- Total Funding till date: $200M
- Employee Count: 803 as on Sep 30, 2026
- Investors: Spark Capital, FedDev Ontario and 22 Others
- Latest Funding Round: Grant (prize money), Mar 04, 2025, $*****
- Highlight: Editors' Pick
4. Italic
Online membership-based marketplace platform offering multi-category products. The product catalog include apparel, handbags, jewelry, wallets, sunglasses, home textiles, beauty care, cookware, bedding, scented candles, and more.
Key facts about Italic
- Founded Year: 2018
- Location: Walnut (United States)
- Stage: Series B
- Total Funding till date: $86.9M
- Employee Count: 74 as on Sep 30, 2026
- Investors: Greenline, Inovia Capital and 22 Others
- Latest Funding Round: Series B, Oct 13, 2021, $*****
- Highlight: Editors' Pick
5. Rainbow
Mobile wallet for cryptocurrencies. It also provides an online marketplace for trading NFT. It is an online marketplace for users to sell, manage and purchase digital assets through games.
Key facts about Rainbow
- Founded Year: 2019
- Location: New York City (United States)
- Stage: Series A
- Total Funding till date: $21M
- Employee Count: 315 as on Sep 30, 2026
- Investors: Broadhaven Ventures, Seek Ventures and 9 Others
- Latest Funding Round: Series A, Feb 15, 2022, $*****
- Highlight: Editors' Pick
Roach Capital's Year-on-Year Investment Trends
Roach Capital has invested in 38 companies over the last 5 years, with an average of 1 new investment annually in the last 5 years. Its most recent first time investment was in Bench IQ.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 0 | 0 | 0 |
2024 | 0 | 0 | 0 |
2023 | 1 | 0 | 1 |
2022 | 2 | 0 | 2 |
2021 | 1 | 0 | 1 |
Roach Capital's Investments by Stage
Roach Capital has made 4 investments in Seed stage with an average round size of $2.7M.Roach Capital's Investments by Sector
Roach Capital has a diverse portfolio, with companies operating in the Enterprise Applications, Vertical SaaS, HealthTech, Consumer and Retail. Notably, it has invested in 32 Tech companies, 24 Software companies, 21 Enterprise (B2B) companies and at least 15 companies focusing on Saas.Sector | No. of Investments |
|---|---|
Enterprise Applications | 4 |
Vertical SaaS | 3 |
HealthTech | 2 |
Consumer | 1 |
Retail | 1 |
Note: We have considered here, only first round of investments
Roach Capital's Investments by Geography
Roach Capital has made most investments in Canada (3), followed by United States where it has made 1 investment.Country | No. of Investments |
|---|---|
Canada | 3 |
United States | 1 |
Note: We have considered here, only first round of investments
Roach Capital's recent investments
Roach Capital has not made any investment in 2026 so far.Here are the most recent investments by Roach Capital:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
2023 | Canada | Seed | 3903 | [+8] | |
Jul 13, 2022 | Canada | Seed | 8655 | [+2] | |
Apr 2022 | Canada | Seed | 9586 | [+2] | |
Aug 10, 2021 | United States | Seed | 8962 | [+4] |
Unicorns in Roach Capital's Portfolio
Roach Capital has 4 unicorns in its portfolio - Replit, NexHealth, Facily and others. The most recent unicorn in their portfolio is Replit. It became a unicorn in 2023, 3 years before Roach Capital first invested in it.Here is a list of unicorns in Roach Capital's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
77 | AI platform to build apps, websites, and software instantly | 2016 | Foster City | Series D | zbbtyxp | ||
43 | Provider of a software suite for hospitals | 2016 | San Francisco | Series C | n{uxifl | ||
59 | App-based group-buying shopping platform for multi-category products | 2018 | Sao Paulo Do Potengi | Series D | hxuizzu | ||
66 | AI platform for text based customer support | 2016 | Toronto | Series C | izjwdmy |
Acquired companies in Roach Capital's Portfolio
5 companies from Roach Capital's portfolio have been acquired. The most recent acquisition was Welbi in Oct 2026 by FURTHER for $*****.Here are Roach Capital's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Oct 22, 2026 | Apr 2022 | Seed | 3047 | |
Apr 23, 2025 | - | - | 3433 | |
Apr 01, 2024 | - | - | 8089 | |
Jun 27, 2023 | - | - | 3433 | |
Jun 30, 2021 | - | - | 3710 |
Team profile of Roach Capital
Roach Capital has a team of 2 members including 2 Principals located in United States and Canada. Roach Capital's team does not sit on the board of any company as of now.Co-investors of Roach Capital
Over the past 5 years, 22 investors have co-invested in Roach Capital's portfolio companies. This includes funds and angels.
- Invested before Roach Capital: Startup Garage and Ontario Brain Institute have invested in rounds before Roach Capital. There is 1 company where Startup Garage has invested before Roach Capital and 1 company where Ontario Brain Institute has invested before Roach Capital.
- Top Co-investors of Roach Capital: 17 investors entered a company along with Roach Capital. These include investors like Graphite Ventures (2 companies).
- Invested after Roach Capital: A total of 3 investors have invested in Roach Capital's portfolio after their investments. Top Investors include Battery Ventures (1 company), CIBC (1 company) and MVP Ventures (1 company).
Recent News related to Roach Capital
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Welbi raises $3 million CAD to take its senior engagement software south of the borderBetaKit•Jul 13, 2022•Welbi, Graphite Ventures, MaRS IAF, SoGal Ventures and 1 other
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Serena Williams’ VC Firm Leads Calico $2.1 Million Seed FundingRetail TouchPoints•Mar 10, 2022•Serena, Calico, Calico AI, Maple VC and 5 others
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Roach Capital Closes $6.4 Million Cad For First Fund From Prominent Vcs, Shopify ExecsBetaKit•Feb 18, 2022•Roach Capital
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Upscribe Raises $4 Million Seed Funding Round Led by Uncork CapitalGlobeNewswire•Aug 10, 2021•Upscribe, Uncork Capital, Roach Capital, The House Fund and 1 other
