
Canvas Ventures
3200 Alpine Road, Portola Valley, CA, 94028, United States
Overview
Canvas Ventures is an early-growth fund focusing on AI transforming digital health and fintech. Canvas invests in companies at the inflection point of growth, and partners leverage their go-to-market expertise to help Series A and B companies get to the next stage and beyond. With a background in digital health, fintech, and AI, the team at Canvas focuses on companies that solve core problems in these industries and can become billion-dollar exits. All partners are former operators and entrepreneurs and have track records in venture. Rebecca Lynn has been on the Midas List five times. Canvas was founded in 2013, and the third fund is $350M.
- Total investments
- 97
- Lead investments
- 44
- Investments · 12mo
- 4
- Active investors
- 8
Sector focus
- Finance
- Financial Services
- FinTech
- Venture Capital
Investment portfolio
- Greenlite AI
Participated · Series B · Feb 2026
Bretton AI supplies regulated banks and fintech platforms with AI agents that handle KYC/KYB reviews, AML and sanctions investigations, and continuous monitoring, completing inquiries in minutes instead of days. The system’s core, dubbed Trust Infrastructure, embeds regulatory guidance, model-risk management, continuous evaluation, and audit-ready explainability, enabling OCC-, FDIC-, and Federal Reserve-regulated clients such as Robinhood, Mercury, Gusto, Lead Bank, and Coastal Community Bank to deploy AI safely at scale. Since its May 2025 Series A, the company has widened adoption so that the combined market capitalization of customers using its platform grew from $150 B to more than $1 T, while average contract value climbed to $201 K (up from $85 K at Series A and $25 K at seed). Bretton AI’s agents have already completed over 1.2 million L1 and L2 investigations, removed more than 195,000 hours of manual compliance work, and saved clients over $10 M in headcount and risk-reduction costs. Five new publicly traded customers signed in 2025 alone. With the recent financing, the company plans to broaden coverage to additional financial crime domains, deepen regulatory engagement, and scale engineering and go-to-market teams to reach larger institutions.
- Bretton AI
Participated · Series B · Feb 2026
Bretton AI, rebranded from Greenlite AI, develops AI agents that staff high-volume financial crime tasks such as KYC/KYB reviews, AML and sanctions investigations, and ongoing monitoring. Built on a proprietary “Trust Infrastructure,” the system embeds regulatory guidance, model-risk management and continuous evaluation so banks can deploy explainable, audit-ready AI from day one. The company is already used by OCC-, FDIC- and Federal Reserve–regulated banks and platforms including Robinhood, Mercury, Gusto, Lead Bank and Coastal Community Bank. Adoption has accelerated: average annual contract value jumped to $201,000 in 2025 from $85,000 at its 2025 Series A and $25,000 at the 2023 seed round. Customers have eliminated more than 195,000 hours of manual compliance work and saved over $10 million in related headcount costs, while Bretton’s agents have completed more than 1.2 million Level 1 and Level 2 investigations. The aggregate market capitalization of companies relying on its platform expanded from $150 billion to over $1 trillion within a year. With the new capital, Bretton AI plans to extend its coverage to additional financial-crime domains, deepen regulatory engagement and scale go-to-market and engineering teams. Founded in 2023, the company positions itself as the emerging industry standard for trustworthy AI in the financial system.
- Standard Fleet
Participated · Series A · Sep 2025
Standard Fleet, headquartered in San Francisco, offers a fleet management platform that merges real-time telematics with digital key access and embedded payments, eliminating installation delays and separate hardware costs. The software targets rental, rideshare, leasing, insurance, and service fleets, giving operators a single system to track vehicles, control access, and handle transactions. Founded and led by CEO David Hodge, the company positions itself as a plug-and-play alternative to legacy fleet solutions that require aftermarket devices. Its product focus centers on streamlining vehicle data, driver permissions, and payment workflows within one interface. Standard Fleet plans to use newly raised capital to accelerate product development and scale go-to-market operations. The company did not disclose current revenue, customer counts, or other operating metrics in the article. With fresh funding and a roster of strategic mobility investors, Standard Fleet aims to deepen its footprint in the connected-vehicle sector.
- Beltic
Participated · Seed · Sep 2025
Beltic builds an AI-powered compliance infrastructure that integrates a wide range of global regulatory data sources to deliver fast, accurate identity verification and intelligent risk scoring. Its platform standardizes compliance workflows and provides real-time updates to minimize manual review and reduce risk exposure. The product is designed to adapt across multiple regulatory jurisdictions and changing standards, targeting banks, fintechs, and other sectors facing rising AML and regulatory pressures. The founding team includes CEO Isha Bhatnagar, COO Mike, and early hires focused on business development, product, and engineering. The company operates in San Francisco and São Paulo and positions its offering as a scalable, lower-cost alternative to manual compliance processes. Beltic recently raised funding to accelerate product development and customer onboarding.
- Functionize
Participated · Series B · Aug 2025
Functionize provides an AI-powered platform that generates, executes, and self-heals software test cases using agentic AI, notably released as Agentic Platform 6.0. The product emphasizes rapid test-case generation from prompts and autonomous maintenance to reduce manual test upkeep. In 2024 customers ran over one billion agentic AI actions on the platform, producing a reported 10x productivity increase and cutting test maintenance costs by as much as 90%. The company serves enterprises including Fortune 500 and Global 2000 organizations and integrates with leading applications and system integrators. Future plans in the announcement include expanding use cases toward fully autonomous, AI-driven quality assurance, scaling cloud infrastructure, enlarging go-to-market and engineering teams, and entering new markets and verticals. Functionize says these capabilities aim to extend value beyond functional testing into broader CIO workflow inefficiencies. Functionize offers an AI-powered test automation platform with features such as SmartFix, Self Heal and Live Debug that aim to reconnect product teams, developers and quality engineers. The company markets a cloud-based autonomous testing platform it officially launched in 2015. It has grown its employee base to over 100 staff. Under newly appointed CEO Gary Messiana, founder Tamas Cser will transition to focus on product and CTO responsibilities. Functionize says it will use proceeds from its latest strategic investment to strengthen its proprietary AI technology. The company previously raised a $16M Series A in 2019 led by Gary Little. Functionize offers an AI-powered, cloud-based autonomous testing platform that leverages proprietary natural language processing to create and maintain tests. The product integrates with popular CI/CD tools to accelerate testing and speed development cycles. Customers include TOTVS, Zenefits, and Agvance, and the company maintains a partner ecosystem with Google, SHI, Wipro, Marlabs, and SQALogic. Reported customer outcomes include up to 6x increases in QA efficiency, up to 90% reductions in test creation time, and 75% reductions in maintenance time. Functionize targets a roughly $3 billion software testing market and emphasizes a cloud-first approach to harness AI compute. The company was founded in 2015 and is based in San Jose, Calif.