Two Small Fish Ventures is a Toronto-based early-stage deep tech venture capital firm founded in 2014 by Eva Lau and Allen Lau, co-founders of Wattpad. The firm invests in the next frontier of computing and its applications, including AI, semiconductors, robotics, and developer tools, primarily at the pre-seed and seed stages.
Deal activity increased 100% year-over-year (2 deals in the last 12 months). Their most common stage is seed (50% of deals). Average disclosed round size is $10.0M (across 9 rounds with reported amounts).
Portfolio
15
Fund Size
$30M
Top Stage
Seed
Last 12 Mo
2
Team
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
16 investments
| Company | Round | Amount | Date |
|---|---|---|---|
| HHaply Robotics | Seed | — | Feb 2026 |
 Applied Brain Research | Seed | — | Jan 2026 |
 Blumind | Series A | — | Apr 2025 |
 Viggle | Series A | — | Aug 2024 |
 Story Protocol | Unknown | $54M | Jan 2023 |
 Parallelz | Pre-Seed | $3M | Jun 2022 |
 Wavy | Seed | — | Jan 2022 |
| Parallelz | Unknown | $3M | Jan 2022 |
 Wavy | Seed | $2.5M | Jan 2022 |
 Pngme | Series A | $15M | Aug 2021 |
| JJiffy On Demand | Unknown | $2.4M | Feb 2018 |
| GGallop Labs | Seed | $2M | Dec 2014 |
 Haply | Seed | — | — |
| IIdeogram AI | Seed | — | — |
| ZZoom.ai | Seed | $3.1M | — |
 Joyride | Series A | $5.2M | — |
Top Co-Investors
Andreessen Horowitz4 shared
Garage Capital4 shared
Real Ventures2 shared
Laconia2 shared
Backbone Angels2 shared
Archangel2 shared
Global Founders Capital2 shared
Golden Ventures2 shared
EchoVC Partners1 shared
Aster Capital1 shared
Aruwa Capital Management1 shared
Octopus Ventures1 shared
Plaid1 shared
Unshackled Ventures1 shared
Future Africa1 shared
Raptor Group1 shared
Mirana Ventures1 shared
Foresight Ventures1 shared
Endeavor1 shared
Last updated: 20 October 2026