Generalist · Montreal, QC
Panache Ventures
Canada's pre-seed and seed fund
- Cheque
- $500k to $1.5M
- Role
- Can lead a round
- Pace
- Actively deploying
- Kind
- Generalist
- Based in
- Montreal, QC
- Vehicle size
- $100M
- Founded
- 2018
- Works in
- EN + FR
- Last deal seen
- April 2026
- Sectors
- Generalist
Their thesis, in full
One of Canada's most active pre-seed venture capital firms, with offices in Montreal, Toronto, Calgary and Vancouver. Panache writes first cheques of up to $1.5M CAD, backing ambitious Canadian founders across all sectors, and is often the first institutional investor on the cap table. Fund II closed at $100M CAD in 2022, deployed by its partner team covering the country end to end. The firm is a privileged entry point for first institutional rounds in Canada, and co-invests frequently alongside Canadian and US seed leads.
What they bring past the cheque
- First institutional cheque
- Pan-Canada coverage
- Pre-seed playbook
- Syndication network
Questions they usually ask
Have an answer ready for each one before the first call.
- Given Panache's velocity, how much partner time does each portfolio company actually receive?
- How does Panache support founders preparing a Series A with US lead investors?
- What is the typical follow-on participation rate from Fund II?
Follow-on
Panache writes follow-on checks selectively into Series A within Fund II reserves and frequently syndicates with larger Canadian and US seed funds.
Who to talk to
- Patrick LorManaging PartnerLinkedIn ↗
- Mike CegelskiFounder & ChairmanLinkedIn ↗
- Prashant MattaManaging PartnerLinkedIn ↗
- Genevieve TanguayPartnerLinkedIn ↗
- Sarah WillsonPrincipalLinkedIn ↗
- Domenic Del VecchioPrincipalLinkedIn ↗
Portfolio
Names they back, most notable first.
- Deep Sky
- Nord Quantique
- FISPAN
- PurposeMed
- Relay
- Tailscale
Often in the same rounds
Investors seen alongside them in past rounds.
- Real Ventures
- BDC Capital
- Inovia Capital
- Golden Ventures
- Bessemer Venture Partners
Similar investors
Overlapping sectors and stages. Useful to build a list of 10 to 20 names for one round.
See how they fit your round
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