Fund profile / Canada

Brightspark

Geography: Canada
Stage: Seed
Fund size: $100M
Focus: AI/ML, Climate & Sustainability and Deep Tech
Signals: Published

N°01 / About

About Brightspark

Brightspark is a venture capital firm based in Canada, focusing on Seed stage investments. The fund actively supports founders building innovative solutions in AI/ML, Climate & Sustainability, Deep Tech, providing strategic guidance and capital to help startups scale.

N°02 / Thesis

Investment Focus

Location / RegionCanada

Funding StageSeed

Industry Focus

AI/ML

Climate & Sustainability

Deep Tech

Investor Signals Profile

active

Sweet Spot

Canadian early-stage tech founder, pre-Seed to Series A, disruptive

Canadian early-stage tech

pre-Seed to Series A

deep tech

climate tech

SPV democratization

Bullish Signals

Hopper: $3.5B valuation, pre-Seed betexternal

$67.5M fund, 12 portfolio cosexternal

5,000+ accredited investors communityexternal

$50M+ deployed via SPV modelexternal

25+ years in Canadian VC marketexternal

Deep Sky: carbon removal, pre-Seed 2022website

Multiple exits: IBM, Salesforce, Canada Postwebsite

Secondaries program — rare at this sizewebsite

Active since 1999 — 5 fund generationswebsite

WinFax inventor — deep product DNAwebsite

Team: VC veterans + operators + next-gen GPswebsite

Upper top quartile returns, Fund IIwebsite

Mission: democratize VC access to accredited investorswebsite

Hopper #1 travel app, 70+ countrieswebsite

Brightspark Labs incubator, 1999 — earliest VCswebsite

Think Dynamics, Servicesoft, Borderfree exits legacywebsite

600+ tech jobs created via Delrina erawebsite

Jewlr, Tira Wireless, iStopover — next-gen companieswebsite

Radian6 acquired Salesforce, Protecode by Synopsiswebsite

From 1988 Delrina to today: 35yr legacywebsite

Mission: invest Canada's best, democratize VC accesswebsite

Long-term partnership mindset, not quick exitswebsite

Brightspark Fund I: IBM, Broadbase exits successwebsite

Contrarian Signals

Canada-only focus limits global reachexternal

SPV model adds investor complexityexternal

Small fund size vs. US peersexternal

Founder Do's

Be Canadian or Canada-focused

Pre-Seed or pre-Series A stage

Disruptive tech with clear market

Open to long-term partnership

Show early traction or strong vision

Founder Don'ts

Don't come post-Series A

Don't skip Canadian market angle

Don't expect fast exit pressure

35 signals on Brightspark

23 bullish · 3 contrarian · 5 pitch do's · 3 don'ts · 1 GP profile, each with its source. From €9/month, cancel anytime.

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Facts

Fund Overview

Fund Size$100M

Saves0

Website

People

Key People

Sophie Forest

Mark SkapinkerCo-Founder

N°04 / See also

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