Red Thread Ventures
375 Water St. #200, Vancouver, BC, V6B 5C6, Canada
Overview
Red Thread Ventures (RTV) is a global investment and advisory firm. We form long term partnerships with early stage companies led by incredible management teams across a variety of industries. Besides capital, Red Thread adds value by leveraging an extensive CFO and capital markets executive network to aid ventures as they scale from idea to Pre-IPO and beyond. Red Thread Ventures currently manages two investment funds, a VCC (Venture Capital Corporation) fund focused on pre-seed/seed stage opportunities in British Columbia and a "Global Fund" for follow-on investments and opportunities across different geographies and asset classes.
- Total investments
- 4
- Lead investments
- 1
- Investments · 12mo
- 0
- Active investors
- 6
Sector focus
- Financial Services
Investment portfolio
- MinuteBox
Participated · Seed · Jun 2023
Minutebook provides a digital platform that streamlines equity ownership, corporate records, and legal agreements for legal and financial teams. The company aims to eliminate manual, error-prone transfers of ownership data between siloed information systems and to automate low-value transactional tasks. Its customers include pharmaceutical companies, private equity investment firms, and companies of various sizes. Minutebook plans to execute a go-to-market strategy and expand its customer base while hiring for sales, customer success, product management, and engineering to improve onboarding and product experience. The company says its platform frees legal professionals to focus on higher-value legal work. Minutebook is led by CEO and founder Ryan Wilson and is based in Vancouver, Canada.
- Levr.ai
Participated · Seed · Feb 2023
Levr.ai operates an AI-driven loans platform that customizes loan matches using a business's data and provides free built-in resources such as guides and templates. The company was founded by Kaylan Pepin and Roman Hartmann and is based in Vancouver, BC. Levr.ai has onboarded over 2,000 small businesses across Canada and the US. It offers tools to help businesses optimize required documents and access debt capital solutions. The company plans to use recent funding to fuel expansion, particularly into the US market, and to further support small-business growth. Financially, the firm has raised additional seed capital and now has total funding of over $2.5 million. Levr.ai offers an artificial intelligence-driven loan marketplace that matches small businesses with a wide range of funding options, including term loans, receivables financing, merchant cash advances, and venture debt. Its platform aims to accelerate searching for loans, the application process, and ongoing loan management, and includes free built-in resources such as guides and templates. The company works with over 15 lender partners to provide those financing options. Levr.ai is positioning its product to serve all types of small businesses, from brick-and-mortar and mom-and-pop shops to online retailers and software companies. Following its recent funding, the company plans to grow its team and expand its reach to serve United States-based businesses. Levr.ai says its software is intended to help more businesses secure funding amid a forecasted recession in 2023.
- RainStick
Participated · Equity · Nov 2022
RainStick is a Kelowna-based company building a smart, water-efficient shower that has attracted attention across the consumer-electronics and kitchen-and-bath industries. Its flagship product earned the Best of Innovation honor at CES, the Best of Impact Award at the Kitchen and Bath Industry Show, and the Best Collection Award at Toronto’s Interior Design Show. The company’s profile has been further elevated through a partnership with HGTV personalities Drew and Jonathan Scott (The Property Brothers). Founder Alisha McFetridge credits national programs like Sustainable Development Technology Canada for both grant funding and valuable introductions that aided product refinement. With staff, consultants, and manufacturing partners spread across Canada, RainStick maintains its headquarters in Kelowna while frequently showcasing the product at major trade events. The firm has now supplemented public support with a $3 million equity raise to accelerate commercialization. No revenue or user figures were disclosed in the article.
- Gotcare
Led · Seed · Nov 2021
Gotcare operates a platform designed to cut the cost of home care delivery by alleviating administrative burdens and redirecting savings to pay care workers a living wage. The company aims to improve patient experience and attract more workers to the sector by offering care workers higher pay—targeting CA$23–28 per hour versus typical industry rates of CA$18–20. Gotcare mainly serves Ontario and has recently launched operations in British Columbia and Alberta. It plans to scale operations and expand its network of community home care providers, and to build a program called “Care-at-Cost” that lets patients purchase extra shifts by paying care workers directly. The business is positioning itself as an impact-driven solution to labor shortages and growing home-care demand as the population ages. Financially, Gotcare has raised seed-stage capital and reports total funding to date of CA$1.47M.