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The Venture Codex

Ripple Ventures

410 Adelaide St W., Suite 610, Toronto, Ontario, M5V 1S8, Canada

Overview

Ripple Ventures is a venture fund that focuses on investing in pre-seed companies building B2B software across North America. The firm's goal is to support entrepreneurs who revolutionize competitive global industries by solving difficult problems with unique solutions.

Total investments
26
Lead investments
12
Investments · 12mo
4
Active investors
5

Sector focus

  • Enterprise Software
  • Financial Services
  • SaaS
  • Venture Capital
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Investment portfolio

  • Katalyze AI

    Participated · Seed · Jul 2026

    Katalyze AI provides an agentic operating system for pharmaceutical companies that unifies fragmented production data into a single source-grounded record and runs a catalog of domain-trained agents. The company is led by CEO Reza Farahani and is based in Mountain View, CA. Its platform is already deployed across five of the 20 largest global pharma companies. Katalyze reports that its solution has enabled pharma teams to deliver 10 million medication doses to patients. The company intends to use the Seed proceeds to expand operations and accelerate product development. The article does not disclose revenue, valuation, or prior funding details.

  • Blank Bio

    Participated · Seed · May 2026

    Blank Bio develops RNA foundation models that learn from the molecular complexity of tumor transcriptomes to improve patient-level prediction in oncology. The company deploys its models across predictive biomarkers, prognostic biomarkers and patient trajectory modeling, and clinical diagnostics to support patient stratification, biomarker discovery, and improved test sensitivity and specificity. Blank Bio plans to use its recent seed financing to continue model development, expand collaborations with pharma and diagnostic partners, and generate new long-read RNA-seq datasets. As part of a strategic collaboration with PacBio, Blank Bio will produce PacBio HiFi long-read bulk RNA sequencing data from up to 100 fresh-frozen tumor samples, with sequencing performed at Seattle Children’s Research Institute and Kinnex libraries automated on the SPTLabtech firefly+ platform. The team includes AI scientists and engineers from Recursion, Deep Genomics, DeepMind, and Amazon and researchers from institutions including Memorial Sloan Kettering Cancer Center, Stanford, and the Vector Institute, and has published work in Nature Methods, Nature Genetics, Nature Biotechnology, ICML, and NeurIPS. The company is headquartered in San Francisco and intends to apply its models to support pharmaceutical trial design and RNA-seq–based diagnostics.

  • Canada Rocket Company

    Participated · Seed · Jan 2026

    Founded in November 2025, Canada Rocket Company is a launch-focused startup staffed by a 24-person team of mostly 7+ year launch veterans. The company came out of stealth in January 2026 and was selected for Canada's Launch the North challenge. It has reported raising $22.5 million (around $21 million Canadian). Operational progress includes bringing an engine test facility in Etobicoke online and conducting a first component test this month. The team is targeting a gas-generator hot-fire test by year-end. No revenue, user metrics, or detailed product specifications were disclosed in the provided articles.

  • 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.

  • Hyper

    Participated · Seed · Jul 2025

    Hyper is an AI voice company focused on handling non-emergency 911 calls and related tasks. Its system answers questions, texts links, forwards calls, and takes non-emergency police reports while automatically escalating calls outside its approved scope to human experts. Founders Ben Sanders (CEO) and Damian McCabe (CPO) launched Hyper from stealth and say the company trains its models on real 911 calls with local agencies and supports multiple languages. Hyper has already gone live with many call centers, positioning the company to help understaffed emergency call centers by reducing the burden of non-emergency noise. The company plans to scale across the country, integrate more deeply into existing 911 systems, hire a head of engineering, and build its next product using the new capital. Competition includes startups like Aurelian, but Hyper emphasizes its 911 focus and operational deployments as differentiators.

Team