Generalist · Montreal, QC
Hidden Layers Capital
Exited founders backing technical founders.
- Cheque
- Not disclosed
- Role
- Can lead a round
- Pace
- Selective right now
- Kind
- Generalist
- Based in
- Montreal, QC
- Works in
- EN + FR
- Last deal seen
- May 2026
- Sectors
- Generalist
Their thesis, in full
Hidden Layers Capital is an early-stage fund run by exited founders and based at Mila in Montreal, backing technical founders tackling hard problems from biotech to cleantech to advanced software. It is one of the specialist investors selected by Investissement Quebec's Fonds d'investissement Eureka, and it has backed Dispersa, Maket, Kaster Technologies and Jetty between 2025 and 2026.
What they bring past the cheque
- Exited-founder operators
- Biotech to cleantech to advanced software
- Selected investor of Investissement Quebec's Fonds d'investissement Eureka
- Early conviction cheques
- Based at Mila, Quebec's AI institute
Questions they usually ask
Have an answer ready for each one before the first call.
- What hard technical problem are you solving, and why now?
- How does your founding team's operating experience de-risk execution?
- What is the smallest proof point that would unlock your next round?
Follow-on
Hidden Layers writes early conviction cheques alongside Quebec and Canadian syndicate partners, deploying an Investissement Quebec Eureka co-investment mandate, and leans on its partners' operating experience to support technical founders to the next round.
Who to talk to
- Therence BoisPartnerLinkedIn ↗
Portfolio
Names they back, most notable first.
- Kaster TechnologiesPre-seed · 2026
- JettyPre-seed · 2026
- DispersaSeed · 2025
- MaketSeed · 2025
Often in the same rounds
Investors seen alongside them in past rounds.
- AQC Capital
- Mila Ventures
- Akinox
- Graphite Ventures
- Amiral Ventures
- Blitzscaling Ventures
- BY Venture Partners
- Spatial Capital
- Nàdarra Ventures
- BDC Thrive Lab
- Cycle Momentum
- The51 Food & AgTech Fund
- Good & Well
- Dragonfly Ventures
- BoxOne Ventures
- Front Row Ventures
Similar investors
Overlapping sectors and stages. Useful to build a list of 10 to 20 names for one round.
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