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The Venture Codex

Brightspark Ventures

3 Place Ville-Marie, Bureau 12350, Montreal, QC, H3B 0E7, Canada

Overview

Brightspark Ventures invests in early stage Canadian software companies. Brightspark has been investing in the Canadian VC industry since 1999. Over the last 20 years, the company has refined its focus to the point where it choose what it believes to be the best early-stage opportunities in the market. The company's goal is to find exceptional startups, and work closely with these companies as they grow to achieve stellar returns. We have structured our investments to allow individual accredited investors to invest with us. We have found that individual investors share the same goals as us when investing: they too want to invest in startups with CEOs that are focused on creating massive returns. This model also benefits our portfolio companies, who appreciate having a network of investors they don’t necessarily have to "manage". By leading the investment and actively working as the gatekeeper for the company, Brightspark ensures that the company can grow to its full potential without being distracted or becoming unfocused. This model attracts some of the best companies in Canada.

Total investments
46
Lead investments
20
Investments · 12mo
6
Active investors
7

Sector focus

  • Financial Services
  • Venture Capital
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Investment portfolio

  • Pricepoint

    Led · Seed · Jun 2026

    Pricepoint provides an AI-native Autonomous Revenue Engine (ARE) that continuously analyzes live demand signals, booking behavior, and market conditions to automatically optimize pricing and revenue performance for hotels, hostels, and modern accommodation providers. The platform integrates with leading property management systems, channel managers, and booking engines to execute pricing strategies in real time rather than delivering manual recommendations. Pricepoint positions itself to lead a structural shift in the traditional Revenue Management System category by combining AI, automation, and hospitality expertise. The company is headquartered in Montreal and serves hospitality businesses globally. Following the $6.6M seed raise, Pricepoint plans to invest in product and engineering, expand integrations, strengthen AI infrastructure, hire additional staff, and pursue international expansion.

  • Coral

    Led · Equity · Mar 2026

    Coral offers an integrated virtual clinic combining medical expertise, advanced technology and health coaching to provide personalized, evidence-based plans for menopause symptom management, weight loss and midlife longevity. The platform markets clinical outcomes including that 80% of members report significantly improved mental well-being and over 70% see a meaningful reduction in perimenopause and menopause symptoms within 90 days. Founded in 2024 and headquartered in Montreal, Coral launched its service one year prior to this funding. Financially, the company has raised over CAD $8 million in total capital following the latest CAD $4 million acceleration round. Coral plans to use the fresh capital to expand nationally, grow its clinical teams, and further develop its AI capabilities to scale its integrated care model.

  • Brickeye

    Led · Series B · Jan 2026

    Brickeye develops a construction IoT and risk-mitigation platform that delivers real-time monitoring, automated risk controls, and actionable insights to contractors, developers, owners, and insurers. The software integrates connected sensors with analytics to detect issues early and reduce costly project delays or damages. Its services are already deployed in more than 20 countries, demonstrating meaningful global traction. The company plans to deepen its IoT-enabled software capabilities and layer in additional AI-driven services. Proceeds from the latest funding will also be used to hire additional engineering and field operations staff. Brickeye intends to expand sales across North America and into international regions such as the Middle East, South America, and Europe. While revenue figures were not disclosed, the company’s customer base and geographic footprint highlight growing market adoption.

  • Enurgen

    Led · Seed · Oct 2025

    Founded in 2022 and headquartered in Ottawa, Enurgen develops what it describes as the solar industry’s most accurate energy-yield performance model. Its flagship platform applies high-resolution, 3D solar irradiance modelling that scales from individual cells to gigawatt-scale power plants, enabling more precise incident-light calculations across a project’s lifecycle. By relying on deterministic, physics-based models rather than solely on AI or statistical approaches, the software aims to correct systemic underperformance and improve project economics amid falling incentives and tighter PPA pricing. The company targets utility-scale developers and operators who need to de-risk assets and boost returns. With momentum in global solar adoption and increasing design complexity, Enurgen plans to use its newly raised capital to accelerate international expansion and advance its product roadmap. The recent seed funding brings total outside investment to at least $4.1 million, underscoring the firm’s early-stage yet commercial focus. No revenue, customer, or deployment metrics were disclosed in the article.

  • Mycroft

    Participated · Seed · Sep 2025

    Mycroft replaces fragmented security and compliance stacks with a single agentic AI solution that continuously monitors cloud infrastructure, secures devices, enforces policies, manages incidents and prepares firms for audits. Its no-code AI agents function like a virtual CISO, GRC expert and IT operations team, adapting to each customer’s environment. Launched publicly after operating in stealth, the platform has already signed up more than 50 customers within its first six months, including Superwhisper, Evolo and Weave (YC25). The company positions security as a growth enabler, aiming to deliver enterprise-grade protection without the overhead of large internal teams. Proceeds from the recent seed financing will be used to accelerate product development and expand go-to-market efforts. Mycroft was founded by a team with over 30 years of combined security experience and is headquartered in Toronto. Financially, it has raised a total of $3.5 million to date through its seed round.

Team