Tech-active · Vancouver, BC
Rhino Ventures
The capital partner scaling producer businesses.
- Cheque
- $2M to $20M
- Role
- Can lead a round
- Pace
- Actively deploying
- Kind
- Tech-active
- Based in
- Vancouver, BC
- Vehicle size
- $120M
- Founded
- 2015
- Works in
- EN
- Last deal seen
- September 2025
- Stages
- Seed, Series A, Series B and later
- Sectors
- Health and biotech, Fintech and insurtech, SaaS
Their thesis, in full
Vancouver-based firm formerly Vancouver Founder Fund (rebranded Rhino in 2019). Built its reputation as a generalist early-stage VC, leading pre-seed to Series A rounds in Western Canada and backing Thinkific, FISPAN, Klue and Article. Fund III closed in 2021 at $120M CAD (oversubscribed). The firm now focuses exclusively on scaling producer businesses in healthcare, wealth and planning, and advisory and brokerage, taking minority or majority positions with first cheques of $2M to $20M and backing founders from inception through growth, organically or by acquisition. It positions itself apart from both venture capital and private equity: long-term partner rather than exit manufacturer, willing to fund growth before profitability.
What they bring past the cheque
- Founder-operator perspective
- Western Canada roots
- Pan-Canadian reach
- Hands-on support
- Minority or majority structures
- First cheques $2M to $20M, inception through growth
Questions they usually ask
Have an answer ready for each one before the first call.
- What founder support do you wish your last investor had given you?
- How do you scale from your first 10 customers to 100 efficiently?
- What is your hiring plan for engineering and GTM in the next 12 months?
Follow-on
Rhino is built for long holding periods rather than fast exits, and funds growth before profitability, whether organic expansion or acquisition-led. Follow-on support runs through the life of the partnership, so founders are expected to share regular KPI updates and a clear plan to the next milestone.
Who to talk to
- Fraser HallPartnerLinkedIn ↗
- Jay RhindPartnerLinkedIn ↗
- Mitch RichardsonInvestorLinkedIn ↗
- Nicholas HyldelundInvestorLinkedIn ↗
- Candace HobinOperationsLinkedIn ↗
Portfolio
Names they back, most notable first.
- ShopVisionSeed · 2025
- MyFOSeed · 2024
- Quinn AISeed
- Stem HealthSeed
- FISPANGrowth
- KlueGrowth
- Arlo
- Twig Fertility
- The Village Vet
- Flint
- Aspect Biosystems
- Elective
- NetNow
- Super Advisor
- Pluto
- MARZ
Often in the same rounds
Investors seen alongside them in past rounds.
- Kensington Capital Partners
- BDC Capital
- Brightspark Ventures
- Inovia Capital
- Version One Ventures
- Yaletown Partners
- Renewal Funds
Similar investors
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