Ripple Ventures Funds
Ripple Ventures is an inception-stage venture capital firm based in Toronto. Across four funds the firm has invested $250K–$1M USD cheques into Canadian and US startups that sell to global markets, typically leading or co-leading rounds at pre-incorporation, pre-product, or pre-traction stage.
Fund IV (current)
Announced in 2026, Fund IV continues the firm’s inception-stage strategy. Announcement and coverage:
Fund IV (9 investments)
- 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)
Fund III (27 investments)
- 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)
- Hyper — Acq. by Motorola (Press) (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)
- Zealot — Acq. by UserEvidence (Press) (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)
Fund II (7 investments)
- Harmonize — Acq. by Drata (Press) (2021)
- Marpipe — Automated ad creative testing. (2021)
- One — Agent infrastructure connecting AI to 30,000+ API integrations. (2021)
- Plannuh — Acq. by Plannuh (Press) (2021)
- Lula — Digital commerce platform for retailers. (2020)
- Rose Rocket — AI TMS for trucking and freight. (2020)
- Zenhub — Project management for developers. (2020)
Fund I (7 investments)
- Cognota — Operations platform for L&D teams. (2019)
- Pitstop — Acq. by Fullbay (Press) (2019)
- Voiceflow — Platform for building conversational AI agents. (2019)
- Wisedocs — AI medical record and claims platform. (2019)
- Omelas — AI research companion for defence. (2018)
- OnCall Health — Acq. by Qualifacts (Press) (2018)
- Tread — Construction material logistics. (2018)
Investment criteria are described on the invest page; the full portfolio is at /portfolio.