About Ripple Ventures
Ripple Ventures is a Canadian early-stage venture capital firm based in Toronto. We invest the first cheques into exceptional people solving interesting problems at inception — before the product exists, before customers have said yes, and often before the company has been incorporated.
Founders we work with
- Are curious by default and high velocity by habit.
- Have rare earned insight or technical depth to build what others can’t.
- Don’t just predict the future, they build the markets that become it.
- Build the technology that rewires industries and accelerates science.
How we operate
- Partnering before the product exists and or customers says yes.
- Fast decisions, made with high conviction.
- Introductions to customers, key talent, and the best downstream funds.
- Concentrated portfolios = your outcome matters to us and when you call, you get a partner.
- Helping without a scoreboard, believing in the “Ripple” effect.
How we invest
- Cheque Size: $250K–$1M USD
- Round Involvement: Typically lead or co-lead deals, with flexibility to join rounds as a supportive partner.
- Stage: Inception stage, which can be: pre-incorporation, pre-product, or pre-traction.
- Geography: Canadian and US startups that sell to global markets.
Team
Investment Team
- Matt Cohen (Managing Partner) — LinkedIn
- Dominic Lau (Partner) — LinkedIn
- Katie Ko (Investor) — LinkedIn
- Jay Lee (Investor) — LinkedIn
Venture Partners
- Sarah Lubeck (Marketing) — LinkedIn
- Dave Macnee (GTM) — LinkedIn
- Rahul Parmar (Sales) — LinkedIn
- Ryan Freeman (Partnerships) — LinkedIn
- Ian Logan (Engineering) — LinkedIn
- Zach Waterfield (Engineering) — LinkedIn
- Dan Teoh (Engineering) — LinkedIn
- Adam Jarczyn (Product) — LinkedIn
- Jackson Mullins (Talent Partner) — LinkedIn
Supporting founders
Hear from our founders how we supported them on their journey.
01. Early Conviction — 1st investor to conviction
“Ripple were partners with Lula before Lula even existed. I met Dom through the RippleX fellowship, which helped me validate real-world problems with customers. Dom was the first call I made when I committed to solving a problem. From there, Ripple helped us build our GTM foundation from scratch, with direct intros to customers, experienced venture partners, and other channels.”
“I'm not sure there are other investors like Ripple operating in Canada. They are truly in a class of their own. I met the Ripple team in the early stages of starting my company long before I even remotely knew what I was doing. What amazed me was how much time and effort they put into not only learning about the space but understanding how we planned on changing the industry. It is no exaggeration that the Ripple team made Page a better company long, long before they decided to invest through the guidance and help they gave throughout the investment process.”
“I always recommend Ripple to other founders. Matt and I still chat on a daily basis, both as friends and as our earliest investors. He’s a huge asset for future fundraises and will become a die-hard supporter of your business. The thing I love the most about the team is that they are independent thinkers and will be with you through thick and thin as operators. Ripple takes the lead when firms shy away or wait for others.”
02. Hiring — expansive talent network for A hires
“Ripple has been an incredible partner from the very beginning. The team has done a great job connecting us with exceptional sales leaders, particularly in cybersecurity, who have helped scale successful companies in our domain to work with.”
“Ripple’s network helped introduce us to candidates for sales, customer success, and engineers that we ended up hiring. Ripple has access to world-class talent that they selectively place into their portfolio companies based on their stage and domain expertise. It’s been a game changer for Clover to have this type of support.”
“Since partnering with Ripple, Page as a company and myself as a founder have grown exponentially faster than we would have without them. Ripple also sourced Page’s first account executive hire, a top-performing rep who has grown and scaled with the company since day one.”
03. GTM — direct introductions to enterprise customers
“Ripple moves quickly to add value from day one, with many of our first users and customers coming through their network.”
“Ripple Ventures has been an integral part of our success, going beyond just providing capital. They’ve been true partners in every aspect of our journey, from refining our sales strategies to connecting us with their extensive venture partner network. With their help, we’ve secured some of our largest and most strategic customers.”
“I’ve worked with more than 50 VCs in my career and Ripple is hands down the most helpful. Their network shows up in real ways with warm intros to customers, foundation model labs, co-investors, and other portfolio founders. I consistently hear the same feedback from other founders, that they go above and beyond to be supportive for whatever asks come their way.”
“Beyond support, Ripple brought us a major $4B revenue company. We wouldn’t have been able to get a meeting without Ripple’s introduction, and that opportunity is just one of many Ripple has brought to us!”
“Ripple has been one of our most helpful partners: serious hustle, founder-friendly, direct. They lean in on GTM support and have been generous in opening up their network. As the only Canadian institutional investor on our cap table, they’ve made several hugely valuable connections up here and continue to open doors. Matt and Dom are a text away when I need to pressure test a strategic decision and the team is a pleasure to work”
04. Challenges — 1st call founders make
“Lots of investors talk about adding value but Ripple steps in. Ripple’s team do what the best Bay-Area investors do, more than give money and then ask for monthly updates. Ripple’s team leans in like another co-founder, helping with meaningful outcomes on GTM, hiring, & fundraising. But more importantly, Matt & Dom are always there to lift you up when things feel hard.”
“Ripple is one of the hardest working investors on our cap table. Most importantly, they’re good people; you can be honest about your problems because they’ll help you solve them.”
“Matt has been the most helpful investor on our cap table. Many investors say they will help, but very few actually follow through with consistent action. Matt is the exception. He delivered more support, and real value than anyone else. He showed up not only when things were going well, but especially when things were difficult.”
“As a founder, they tell you to take the biggest check from the biggest firm. Ripple wasn’t a name we had heard of at the time, but they quickly became the biggest asset on our cap table, far more valuable than any check could have been. Matt and Dom picked up the phone, stayed close through the hard parts, and treated our wins like their own. We expected a business relationship with a VC firm. We got a real friendship with Matt and Dom instead, and it still holds today.”
05. Fundraising — co-investor network for future raises
“During our fundraise, the entire Ripple team stepped in to help workshop our story and pitch to make sure we were successful. They ended up making nearly half of the intros in our fundraise process, that lead to total capital raised.”
“Ripple fills a huge gap for companies like ours in the market; they are hands-on capital providers with founder-friendly round dynamics and a strong network to larger investors that we can access when the time is right. They have a proven network with top-tier investors in the US and help set-up their companies for success.”
“Ripple feels like a true extension of your team, especially when it comes to fundraising. I’ve worked with a good number of funds, and what makes Ripple genuinely different is how they help you run the actual operations of a raise, not just open doors. The intros are high quality, but the way they work alongside you through the process is what sets them apart. Ripple introduced us to our lead investor, helped us navigate the dynamics of being oversubscribed, and worked with us on a daily basis: from pricing conversations to handling competing term sheets. Having a partner who picks up the phone at any hour and knows exactly what to do next is the difference between a good raise and a great one.”
“Dom gave practical fundraising guidance, helped us sharpen our story, and connected us with the right co-investors. Having Dom and the Ripple team involved gave us real credibility and momentum when we needed it most.”
“Ripple led our pre-seed with conviction. When we didn’t need a logo but a fighter in our corner, they showed up. They doubled down when it mattered, and have been present and aware every step of the way. That kind of consistency is rare, and it’s what a true partner means.”
06. Exit — supporting with strategic M&A exits
“Ripple played an important role in our journey from the pre-seed stage all the way to a successful exit. Their strategic guidance, hands-on support, and understanding of company building were invaluable to our growth. Their team was with us every step of the way, helping us navigate challenges and capitalize on opportunities. I couldn’t have asked for a better partner in our startup journey.”
“Ripple’s team somehow manages to be the perfect balance of sophisticated and scrappy. They understand the nuances of building high growth companies and capital strategy. And they aren’t afraid to jump in, and help you solve the inevitable problems that come along with company building. Matt is always working for us, maintains constant contact, and is a fierce advocate for our business. I can’t recommend Ripple enough as a partner in building the next great company.”
“Matt was one of our earliest believers and stayed close through every up and down. When it came to our M&A process, having a partner with context on the business and real alignment with the founders was truly helpful. Matt helped us navigate high pressure discussions, pull in the right advisors, and optimize the outcome for everyone around the table.”
Portfolio (50 companies)
The full portfolio with live hiring data lives on the homepage; programmatic access is at /portfolio.json. Active companies by fund year:
- Asset — Embedded AI accounting for vertical software. (2026)
- CRC — Soverign launch capability (tactical and medium-lift). (2026)
- Blackletter — Next generation law firm powered by AI. (2026)
- Green Abundance — Plant engineering for advanced materials. (2026)
- NVD — Air defense platform. (2026)
- Stealth I — AI Agents for repetitive back office work (2026)
- Terranox — AI-powered uranium exploration and mining. (2026)
- Urun — Runtime for distributed AI workloads. (2026)
- Stealth II — Automated biofactories to characterize antibodies at scale. (2026)
- Blank Bio — RNA intelligence for precision medicine. (2025)
- Clover — AI growth agents. (2025)
- FBS — Cryostorage billing for fertility clinics. (2025)
- Topogy — AI-first next-gen FinOps platform. (2025)
- Transformer Lab — Machine learning research platform. (2025)
- Zeroshot Biolabs — Zebrafish drug research model. (2025)
- Canarie — AI compliance for banks and fintechs. (2024)
- Canonical — AI fraud detection & dispute automation. (2024)
- Deeptrust — Real-time deepfake and social engineering detection for live calls. (2024)
- FlyBi — Airline ground handling automation. (2024)
- Infrastack — AI application observability and analytics. (2024)
- Katalyze — AI optimization for biomanufacturing. (2024)
- Levr — AI-powered lending platform for SMBs. (2024)
- Mycroft — AI security compliance automation. (2024)
- OneChart — AI powered solutions for clinics. (2024)
- Page — AI public affairs intelligence. (2024)
- Theo AI — AI for Litigation Defense. (2024)
- Tuuli — AI for architecture, engineering and consulting firms. (2024)
- Asepha — AI decision support for pharmacists. (2023)
- NetNow — Trade credit platform. (2023)
- Sabba — AI insurance billing automation. (2023)
- Scalestack — AI sales platform for GTM execution. (2023)
- Arlo — On-demand virtual healthcare. (2022)
- Cimba — AI assistants on enterprise finance and bizops. (2022)
- Waive — AI clinic efficiency and admin automation. (2022)
- Marpipe — Automated ad creative testing. (2021)
- One — Agent infrastructure connecting AI to 30,000+ API integrations. (2021)
- Lula — Digital commerce platform for retailers. (2020)
- Rose Rocket — AI TMS for trucking and freight. (2020)
- Zenhub — Project management for developers. (2020)
- Cognota — Operations platform for L&D teams. (2019)
- Voiceflow — Platform for building conversational AI agents. (2019)
- Wisedocs — AI medical record and claims platform. (2019)
- Omelas — AI research companion for defence. (2018)
- Tread — Construction material logistics. (2018)
Acquired
- Harmonize — Acq. by Drata (Press)
- Hyper — Acq. by Motorola (Press)
- OnCall Health — Acq. by Qualifacts (Press)
- Pitstop — Acq. by Fullbay (Press)
- Plannuh — Acq. by Plannuh (Press)
- Zealot — Acq. by UserEvidence (Press)
Connect
- X
- Luma Events
- Tank Talks Podcast: Substack
- Community Newsletter
- Fund Blog
The full machine-readable version of everything on this site is at /llms.txt. To reach a specific person or team, see the contact page.