About True North Fund
True North Fund is a venture capital firm founded in 2023. It is primarily based out of Waterloo, Canada. As of Nov 2025, True North Fund is an active investor, having invested in 2 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 HealthTech to Consumer and Retail. Most recently it participated in the $***** Series I round of Faire A lot of funds co-invest with True North Fund, with names like Panache Ventures sharing a substantial percentage of its portfolio. True North Fund has team of 5 people including 2 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed & Series I
Deals in last 12 months
True North Fund's List of All Investments
True North Fund has a portfolio of 2 companies. Their most notable investmentis in PurposeMedTheir portfolio spans across Canada and United States. They have invested in HealthTech, Consumer, Retail, across Seed, Series I stages. Here is the list of all investments by True North Fund:1. Faire
Online wholesale marketplace connecting retailers with brands to facilitate direct purchases. It is an online wholesale marketplace that connects retailers with brands, allowing them to discover new products and streamline their purchase process through a user-friendly platform. The company facilitates wholesale buying and ordering across various product categories, serving both retailers and brands.
Key facts about Faire
- Founded Year: 2017
- Location: San Francisco (United States)
- Valuation: $*****
- Stage: Series I
- Total Funding till date: $1.7B
- Employee Count: 1,524 as on Apr 30, 2026
- Investors: equitywestsecurities.com, Wellington and 26 Others
- Latest Funding Round: Series I, Nov 17, 2025, $*****
- Highlight: Editors' Pick
2. PurposeMed
Key facts about PurposeMed
- Founded Year: 2019
- Location: Calgary (Canada)
- Stage: Seed
- Employee Count: 149 as on Apr 30, 2026
- Investors: Azure Capital Partners, BDC and 2 Others
- Latest Funding Round: Seed, Mar 04, 2025, $*****
True North Fund's Year-on-Year Investment Trends
True North Fund has invested in Faire and PurposeMed in 2025. In 2025, it made 2 investments. Its most recent first time investment was in Faire.True North Fund's Investments by Stage
True North Fund has made 1 investment in Seed stage and 1 investment in Series I stage with an average round size of $100M.True North Fund's Investments by Sector
True North Fund has a diverse portfolio, with companies operating in the Consumer, HealthTech and Retail. Notably, it has invested in 2 Tech companies, 1 Consumer (B2C) company, 1 Enterprise (B2B) company and 1 company focusing on Marketplace.Sector | No. of Investments |
|---|---|
Consumer | 1 |
HealthTech | 1 |
Retail | 1 |
Note: We have considered here, only first round of investments
True North Fund's Investments by Geography
True North Fund has made most investments in Canada (1), followed by United States where it has made 1 investment.True North Fund's recent investments
True North Fund has not made any investment in 2026 so far.Here are the most recent investments by True North Fund:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Nov 17, 2025 | United States | Series I | 9432 | - | |
Mar 04, 2025 | Canada | Seed | 6207 | [+1] |
Team profile of True North Fund
True North Fund has a team of 5 members including 2 Partners located in Canada. True North Fund's team sits on the board of 1 company.Co-investors of True North Fund
Over the past year, 19 investors have co-invested in True North Fund's portfolio companies. This includes funds and angels.
- Invested before True North Fund: Kirsten Green, Forerunner Ventures and 15 others have invested in rounds before True North Fund. There is 1 company where Kirsten Green has invested before True North Fund and 1 company where Forerunner Ventures has invested before True North Fund.
- Top Co-investors of True North Fund: 2 investors entered a company along with True North Fund. These include investors like Panache Ventures (1 company).
Recent News related to True North Fund
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B2B marketplace Faire reaches $5.2 billion valuationDigitalCommerce360•Dec 05, 2025•Faire, WCM Investment Management, Baillie Gifford, True North Fund
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True North Fund Completes Second Close; Chris Albinson to Become Full-Time Managing PartnerFinancial Post•Oct 29, 2024•True North Fund
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True North Fund Completes Second Close; Chris Albinson to Become Full-Time Managing PartnerBusiness Wire•Oct 29, 2024•True North Fund
