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About The51
The51 is a venture capital firm founded in 2019. It is primarily based out of Calgary, Canada. As of Oct 2026, The51 is an active investor, having invested in 46 companies, with 3 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 Retail and Consumer. Most recently it participated in the $***** Seed round of Sproutfamily Overall, The51 portfolio has seen 1 acquisition, namely Pocketed. A lot of funds co-invest with The51, with names like BDC sharing a substantial percentage of its portfolio. The51 has team of 10 people including 6 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed & Series A
Portfolio Acquisitions
Portfolio Soonicorns
Deals in last 12 months
The51's List of Top Investments
The51 has a portfolio of 46 companies. Their most notable investments are in Reupp and Coral.Their portfolio spans across Canada and United States. They have invested in Enterprise Applications, Retail, Consumer and 20 other sectors, across stages such as Seed, Series A stages. Here is the list of top investments by The51:1. Sheertex
SHEERTEX is an internet-first brand of women's innerwear. It offers pantyhoses which are made of fibres used in bulletproof vests, climbing equipment and fishing line. The company claims to provide the toughest pair of sheer pantyhose.
Key facts about Sheertex
- Founded Year: 2017
- Location: Montreal (Canada)
- Stage: Series C
- Total Funding till date: $161M
- Employee Count: 63 as on Sep 30, 2026
- Investors: Zeno Ventures, Giano Capital and 14 Others
- Latest Funding Round: Series C, Apr 20, 2022, $*****
- Highlight: Editors' Pick
2. Dispersa
Developer of biosurfactants using microbes. The company offers a platform named BioEterna Technology. It is used to produce biodegradable, biologically-based surfactants. The company's products are PuraSurf-LF, a low-foaming formulation used in cleaning products, and PuraSurf-HF, a high-foaming formulation used for personal care.
Key facts about Dispersa
- Founded Year: 2018
- Location: Laval (Canada)
- Stage: Seed
- Total Funding till date: $6.29M
- Employee Count: 21 as on Sep 30, 2026
- Investors: MaRS Discovery District, Fondaction and 12 Others
- Latest Funding Round: Seed, Feb 25, 2025, $*****
- Highlight: Editors' Pick
3. BelliWelli
Key facts about BelliWelli
- Founded Year: 2020
- Location: Los Angeles (United States)
- Stage: Series B
- Total Funding till date: $16.4M
- Employee Count: 31 as on Sep 30, 2026
- Investors: Invus, Seven Hound Ventures and 17 Others
- Latest Funding Round: Conventional Debt, Oct 11, 2026, $*****
Developer of a blood test device to detect breast cancer. The company offers the Syantra DX device for blood-based cancer detection test that utilizes a combination of biomarkers and artificial intelligence-generated algorithms for molecular diagnostics. It captures and decodes changes in how the body is functioning. It enables earlier detection and effective treatment of cancer.
Key facts about Syantra Health
- Founded Year: 2016
- Location: Calgary (Canada)
- Stage: Series A
- Total Funding till date: $10.4M
- Employee Count: 16 as on Sep 30, 2026
- Investors: Plug and Play Tech Center, Canaccord Genuity Group and 5 Others
- Latest Funding Round: Grant (prize money), Mar 04, 2026, $*****
- Highlight: Editors' Pick
5. Coral
Provider of a virtual care platform that elevates women health. It offers evidence-based personalised support for perimenopause, menopause based on health assesment and track the progress.
Key facts about Coral
- Founded Year: 2024
- Location: Wright-gracefield-northfield (Canada)
- Stage: Seed
- Total Funding till date: $6.97M
- Employee Count: 41 as on Aug 31, 2026
- Investors: Brightspark Ventures, Anges Quebec and 3 Others
- Latest Funding Round: Seed, Mar 31, 2026, $*****
The51's Year-on-Year Investment Trends
The51 has invested in 46 companies over the last 6 years, with an average of 4 new investments annually in the last 5 years. In 2025, it made 3 investments, while as of Oct 2026, it has made 4 investments in this year. Its most recent first time investment was in Sproutfamily and most recent follow-on round was in Coral.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 3 | 1 | 4 |
2025 | 3 | 0 | 3 |
2024 | 3 | 0 | 3 |
2023 | 4 | 1 | 5 |
2022 | 6 | 2 | 8 |
2021 | 7 | 0 | 7 |
2020 | 2 | 0 | 2 |
The51's Investments by Stage
The51 has made 23 investments in Seed stage with an average round size of $2.23M and 5 investments in Series A stage with an average round size of $6.57M.Stage of entry | No. of Investments |
|---|---|
Seed | 23 |
Series A | 5 |
Note: We have considered here, only first round of investments
The51's Investments by Sector
The51 has a diverse portfolio, with companies operating in the Enterprise Applications, Sustainability Tech, Consumer, Vertical SaaS and Retail. Notably, it has invested in 35 Tech companies, 27 Enterprise (B2B) companies, 20 Software companies and at least 13 companies focusing on Saas.Sector | No. of Investments |
|---|---|
Enterprise Applications | 13 |
Sustainability Tech | 7 |
Consumer | 6 |
Vertical SaaS | 6 |
Retail | 4 |
Others | 30 |
Note: We have considered here, only first round of investments
The51's Investments by Geography
The51 has made most investments in Canada (25), followed by United States where it has made 2 investments.Country | No. of Investments |
|---|---|
Canada | 25 |
United States | 2 |
Note: We have considered here, only first round of investments
The51's recent investments
The51 has made 4 investments in 2026 so far. Sproutfamily and SiftMed are the latest among them.Here are the most recent investments by The51:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Oct 15, 2026 | Canada | Seed | 7461 | [+3] | |
Jul 17, 2026 | Canada | Seed | 2362 | [+2] | |
Jul 16, 2026 | Canada | Seed | 2085 | [+4] | |
Mar 31, 2026 | Canada | Seed | 5978 | [+3] | |
Jul 01, 2025 | - | Seed | 8226 | [+9] |
Acquired companies in The51's Portfolio
1 company from The51's portfolio has been acquired. The most recent acquisition was Pocketed in Mar 2025 by Deloitte for $*****.Here are The51's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Mar 10, 2025 | - | - | 6241 |
Team profile of The51
The51 has a team of 10 members including 6 Partners and 1 Principal located in Canada. The51's team sits on the board of 4 companies.Here is a list of all team members in The51:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Calgary | |||
Partner | Calgary | - | ||
Partner | Calgary | |||
Partner | Vancouver | |||
Partner | Calgary | - | ||
Partner | - | - | ||
Partner | - | - | ||
Principal | Toronto | - |
Co-investors of The51
Over the past 6 years, 135 investors have co-invested in The51's portfolio companies. This includes funds and angels.
- Invested before The51: Sustainable Development Technology Canada, Invest Nova Scotia and 30 others have invested in rounds before The51. There are 2 companies where Sustainable Development Technology Canada has invested before The51 and 1 company where Invest Nova Scotia has invested before The51.
- Top Co-investors of The51: 87 investors entered a company along with The51. These include investors like BDC (5 companies).
- Invested after The51: A total of 16 investors have invested in The51's portfolio after their investments. Top Investors include Accelerate Fund (2 companies), Canaccord Genuity Group (1 company) and Plug and Play Tech Center (1 company).
Recent News related to The51
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Coral Raises Additional $4M CAD in FundingFinSMEs•Mar 31, 2026•Coral, AQC Capital, The51, Anges Quebec and 2 others
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The51 welcomes Lauren Robinson as Fund Managing Partner to Scale Venture FundsCNW•Mar 04, 2025•The51
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Dispersa Closes $5.8M CAD Seed Round to Commercially Scale Waste-Derived BiosurfactantsCNW•Feb 25, 2025•Dispersa, Nàdarra Ventures, BDC, Cycle Momentum and 5 others
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Coral Raises $4.1M for Perimenopause & Menopause CareAthletech News•Feb 19, 2025•Coral, Brightspark Ventures, The51
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Coral Raises $4.1M in Seed FundingFinSMEs•Feb 11, 2025•Coral, Brightspark Ventures, Diagram Ventures, The51
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Coral announces a round of funding of $ 4.1 million to redefine menopause care in CanadaBusiness Wire•Feb 11, 2025•Coral, Brightspark Ventures, Diagram Ventures, The51
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The51 Food and AgTech Fund Closes $51 Million with ATB InvestmentCNW•Jan 16, 2025•The51, ATB Financial, AgFunder
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Retellio Raises $1.3M in FundingFinSMEs•Dec 18, 2024•Retellio, Pelorus Venture Capital, East Valley Ventures, The51 and 3 others
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Ayrton Energy Secures $9.1M Financing for Hydrogen StorageEnergynews•Sep 25, 2024•Ayrton Energy, Clean Energy Ventures, BDC, Antares Ventures and 2 others
