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Garage Capital is an early-stage venture capital firm primarily investing in pre-seed and seed-stage technology companies. They focus on B2B SaaS, marketplaces, and other software-driven businesses, often with a strong presence in Canada and the US, backing exceptional founders.
Deal activity decreased year-over-year (2 deals in the last 12 months vs 5 prior). Their most common stage is seed (41% of deals). Average disclosed round size is $13.1M (across 16 rounds with reported amounts).
Portfolio
17
Fund Size
$100M
Top Stage
Seed
Last 12 Mo
2
Team
SD
Shay Dan
Managing Partner
TM
Tom McKelvey
Co-Founder
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
17 investments
| Company | Round | Amount | Date |
|---|---|---|---|
 Loon | Pre-Seed | $3M | Oct 2025 |
 Gain | Seed | $12M | Sep 2025 |
 Vayu | Seed | $7M | Feb 2025 |
| AAtlas Invest | Series A | $11M | Dec 2024 |
 Relay | Series B | $32.2M | May 2024 |
| BBharatRohan | Seed | $2.3M | May 2024 |
 Quilt | Series A | $33M | Apr 2024 |
 Crowded | Seed | $6M | Oct 2022 |
 Moonshot Brands | Unknown | — | Mar 2022 |
| Moonshot Brands | Series B | $30M | Mar 2022 |
 Caribou | Seed | $3M | Jan 2022 |
| SShopistry | Seed | $2M | Aug 2021 |
 Notch | Series A | $10M | Jul 2021 |
 Commit | Seed | $6M | Jun 2021 |
| FFilmLoop | Series A | $5.5M | Jan 2005 |
| Relay | Series B | $32.2M | — |
 OpenPhone | Series A | $14M | — |
Top Co-Investors
Accomplice2 shared
Anthemis2 shared
Bain Capital Ventures2 shared
Tapestry2 shared
Industry Ventures2 shared
BDC Capital1 shared
MATH Venture Partners1 shared
Golden1 shared
Energy Impact Partners1 shared
Galvanize Climate Solutions1 shared
Gradient Ventures1 shared
MCJ Collective1 shared
Lowercarbon Capital1 shared
Fresh.fund1 shared
Secret Chord Ventures1 shared
Dash Fund1 shared
Plaid1 shared
Kensington Capital Partners1 shared
Inovia Capital1 shared
YC Continuity1 shared
Last updated: 5 March 2026