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The Venture Codex

DevCap

287 MacPherson Avenue Suite 101, Toronto, Ontario, M4V 1A4, Canada

Overview

Investment firm funding early stage AI startups.

Founded

2023

Deals ยท 12mo

1

Links

WebsiteLinkedIn

Stage focus

Seed

Geographic focus

Canada

Sector focus

Credit
Finance
Financial Services

Investment portfolio

4rounds
NAMEDATESIZE
Glowtify
Nov 2025Participated
$3 MSeed
Mycroft
Sep 2025Participated
$4 MSeed
Unified.to
Oct 2024Led
$0.80 MSeed
Rithmik Solutions
Mar 2024Participated
$2 MOther Equity
Glowtify
Nov 2025Participated
$3 MSeed
Mycroft
Sep 2025Participated
$4 MSeed
Unified.to
Oct 2024Led
$0.80 MSeed
Rithmik Solutions
Mar 2024Participated
$2 MOther Equity
4
Items
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Insights

Time horizon

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Deal Distribution

DevCap: 4 funding rounds are recorded in the selected participation categories.All available history.
DevCap: 4 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed12
Other Equity01

Monthly Deal Activity

DevCap: 4 deals are recorded across 32 months.All available history.
DevCap: 4 deals are recorded across 32 months. All available history
MonthDeals
Mar '241
Apr '240
May '240
Jun '240
Jul '240
Aug '240
Sep '240
Oct '241
Nov '240
Dec '240
Jan '250
Feb '250
Mar '250
Apr '250
May '250
Jun '250
Jul '250
Aug '250
Sep '251
Oct '250
Nov '251
Dec '250
Jan '260
Feb '260
Mar '260
Apr '260
May '260
Jun '260
Jul '260
Aug '260
Sep '260
Oct '260

Sector Breakdown

DevCap: AI & Machine Learning is the largest displayed sector by deal count (3 deals).All available history.

A deal can appear in multiple sectors, so sector totals may overlap. Capital represents disclosed total round sizes, not fund cheque sizes.

DevCap: AI & Machine Learning is the largest displayed sector by deal count (3 deals). All available history
SectorDeals
AI & Machine Learning3
Networks, Cloud & Communication1
Marketing & Advertising1
Enterprise Software1
Cybersecurity & Privacy1
E-Commerce & Retail1
Professional Services1
Clean Energy & Sustainability1
Developer Tools1

Deal Size Distribution

DevCap: 4 rounds have a disclosed size in the displayed size bands.All available history.

Undisclosed round sizes are excluded. Capital represents total round sizes, not fund cheque sizes.

DevCap: 4 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M4
$5M-$10M0
$10M-$25M0
$25M-$50M0
$50M-$100M0
$100M-$250M0
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

DevCap: Canada has the largest recorded deal count among the displayed regions (4 deals).All available history.

Top 1 of 1 regions; European countries are grouped as Europe.

DevCap: Canada has the largest recorded deal count among the displayed regions (4 deals). All available history
RegionDeals
Canada4
DevCap: 20 co-investors are shown, with Graphite Ventures sharing 2 recorded deals.All available history.

Co-Investors

Bubble size = shared deals

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Shows up to 20 co-investors ranked by shared deals. Deals may be shared with multiple funds, so rows overlap. Capital is total round size, not fund cheque size.

DevCap: 20 co-investors are shown, with Graphite Ventures sharing 2 recorded deals. All available history
Co-investorShared deals
Graphite Ventures2
Sprout Fund2
Accelia Capital1
Alumni Ventures1
AngelOne1
Antler1
Archangel1
BoxOne Ventures1
Brightspark Ventures1
Chrysalix Energy Venture Capital1
Cycle Momentum1
Ecofuel1
Golden Triangle Angel Network1
Gurtin Ventures1
LOI Venture1
Luge Capital1
Phoenix Fire Fund1
Ripple Ventures1
Techstars1
Telegraph Ventures1

Investment Strategy

DevCap: Led accounts for 25% and participating for 75% of round participation.All available history.
DevCap: Led accounts for 25% and participating for 75% of round participation. All available history
CategoryDeals (count)Share (%)
Led125%
Participating375%
DevCap: Single-lead accounts for 0% and co-led for 100% of lead dynamics.All available history.
DevCap: Single-lead accounts for 0% and co-led for 100% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead00%
Co-led1100%

Team

No team members found for this fund.