Tech-active · Toronto, ON
Raiven Capital
AI and IoT plays, three-hub footprint.
- Cheque
- $500k to $5M
- Role
- Can lead a round
- Pace
- Quiet lately
- Kind
- Tech-active
- Based in
- Toronto, ON
- Vehicle size
- $54M
- Founded
- 2018
- Works in
- EN
- Last deal seen
- September 2025
Their thesis, in full
Cross-border early-stage VC backing AI and IoT founders building digital platforms that transform industrial value chains (finance, energy, cybersecurity, climate). Operates from Toronto, Silicon Valley and Dubai. Fund A (US$40M, closed 2021); a US$125M DIFC Dubai fund and a US$100M Climatech fund (anchored by Frog Lake First Nation) have been launched.
What they bring past the cheque
- Three-hub footprint
- AI and IoT expertise
- Climatech dedicated fund
- Dubai and Silicon Valley reach
- Cross-border expansion support
Questions they usually ask
Have an answer ready for each one before the first call.
- Which value chain are you targeting and how does AI or IoT structurally change its economics?
- Are you ready to engage Middle East or US enterprise customers from one of our hubs?
- What is the fastest geography for your first $1M ARR, and why?
Follow-on
Raiven follows on selectively across its three funds (Toronto, Dubai, climatech) and brings in Middle East and US co-investors for Series B+ rounds. Follow-on conviction is driven by enterprise traction in one of the three hub geographies.
Portfolio
Names they back, most notable first.
- Vertical HarvestStrategic · 2025
- Elevated Signals2022
- Wayout2022
- TrilioSeries B+ · 2022
- WhizmoExit · 2022
- Shopistry2021
- KnowWake2021
- PratexoSeed · 2021
- Scopio2021
- Assurified
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