Mistral Venture Partners is an Ottawa-based seed-stage venture capital firm that is typically the first institutional investor in its portfolio companies. The firm invests in early-stage enterprise software and AI startups across Canada and the US.
Average disclosed round size is $14.2M (across 30 rounds with reported amounts).
Portfolio
25
Fund Size
—
Top Stage
Seed
Last 12 Mo
2
Team
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
34 investments
| Company | Round | Amount | Date |
|---|---|---|---|
 Ultimarii | Series A | $13M | Sep 2026 |
 Linkup | Seed | $10M | Feb 2026 |
 Trusty | Pre-Seed | $1M | Jul 2025 |
| Trusty | Pre-Seed | $1M | Jan 2025 |
 Mirelo | Seed | — | Jan 2025 |
 Blue J Legal | Series D | $122M | Jan 2025 |
 FutureMoney | Pre-Seed | $2.5M | Oct 2024 |
 Armilla AI | Seed | $4.5M | Feb 2024 |
 Armilla AI | Seed | $4.5M | Feb 2024 |
 Expeto | Series B | $12M | Dec 2022 |
 Buckzy | Series A | $14.5M | Dec 2022 |
 Symend | Growth | $42M | Nov 2022 |
 Unito Inc. | Series B | $20M | Oct 2022 |
 CEIPAL | Series B | $16.5M | Jun 2022 |
| LLoop Financial | Growth | — | Jan 2022 |
| Unito Inc. | Series D | $20M | Jan 2022 |
| Expeto | Series B | $12M | Jan 2022 |
 PainWorth | Seed | $1.7M | Jan 2022 |
| PainWorth | Seed | $1.7M | Dec 2021 |
| Blue J Legal | Series B | $9M | Jan 2021 |
 Rewind | Series A | — | Jan 2021 |
 OutPoint | Growth | $1.2M | Jan 2021 |
 Ritual | Series C | $70M | Jun 2018 |
| Blue J Legal | Series A | — | Jan 2018 |
 Sensibill | Series A | $17.3M | Feb 2017 |
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Top Co-Investors
Y Combinator4 shared
Oak HC/FT4 shared
Scale Venture Partners3 shared
Bessemer Venture Partners3 shared
LDV Partners3 shared
Insight Partners2 shared
5G Open Innovation Lab2 shared
Samsung Next2 shared
In-Q-Tel2 shared
Sorenson Capital2 shared
Deel Ventures2 shared
Gradient Ventures2 shared
Datadog2 shared
Inovia Capital2 shared
Impression Ventures2 shared
MS&AD Ventures2 shared
SixThirty Ventures2 shared
Revel Partners2 shared
Luge Capital2 shared
Uncorrelated Ventures2 shared
Last updated: 20 October 2026