Top Venture Capital Companies in Winnipeg, MB

Winnipeg, Manitoba, is steadily cultivating a vibrant tech ecosystem, building on its strengths in key traditional industries. The city benefits from a strategic central location, a burgeoning talent pool, and increasing support for innovation. It's emerging as a cost-effective hub for entrepreneurs in the Canadian Prairies.

Key sectors driving Winnipeg's growth include AgTech, advanced manufacturing, transportation & logistics, and software solutions across various industries. Initiatives like Manitoba Innovates and the Manitoba First Fund are actively working to attract and retain capital, fostering a collaborative environment for startups.

Here are some of the top-tier venture capital companies actively investing in Winnipeg, MB:

Trillick Ventures

• Location: Winnipeg
• Investment Focus: Early-stage technology, with two-thirds of the fund dedicated to Manitoba startups.
• Investment Stages: Pre-Seed, Seed.
• Description: Launched in 2025, Trillick Ventures is a new early-stage firm specifically aiming to address the historical underrepresentation of Manitoba in Canadian VC funding. They plan to back 20-25 tech companies, leading financings for local startups.

Red Leaf Capital

• Location: Winnipeg (also has BC presence)
• Investment Focus: Startups with strong scientific innovation and global scalability across a broad array of tech industries.
• Investment Stages: Pre-Seed ($100K-$200K), Seed ($500K-$1M).
• Description: Red Leaf Capital is committed to partnering with world-class entrepreneurs. As the first Canadian Venture Capital & Private Equity Association (CVCA) member based in Manitoba, they provide long-term minority capital to early-stage businesses.

Manitoba First Fund

• Location: Winnipeg (Fund of Funds)
• Investment Focus: Investing in other funds with a commitment to Manitoba, thereby indirectly supporting Manitoba businesses.
• Investment Stages: All stages (through partner funds).
• Description: The Manitoba First Fund was created to help Manitoba businesses access capital. It commits capital to other funds (like TriWest Capital Partners, PFM Capital, Tall Grass Ventures, Pine Hill Capital, and the WestCap-managed Connect Manitoba Growth Fund) that, in turn, invest directly in Manitoba enterprises.

InvestCo (Manitoba Technology Accelerator)

• Location: Winnipeg
• Investment Focus: Technology startups and scale-ups; direct investments into MTA's top-tier companies.
• Investment Stages: Feasibility-level (up to $25k), Development (up to $400k).
• Description: InvestCo, under the Manitoba Technology Accelerator (MTA), provides strategic investments alongside commercialization services. They aim to make Winnipeg the startup capital of Western Canada by fueling growth through direct investments and collaborations with local angels.

Conexus Venture Capital

• Location: Regina, SK (active in the Prairies, including Manitoba)
• Investment Focus: High-growth tech startups in Saskatchewan and Canadian high-growth startups, including the Prairies.
• Investment Stages: Early Stage.
• Description: Conexus Venture Capital actively invests time, knowledge, and capital into high-growth tech startups. While based in Saskatchewan, their "investing in prairie tech" mandate includes Manitoba companies like Winnipeg-based Taiv.

Conclusion

Winnipeg's venture capital landscape is characterized by a strong commitment to local growth and an increasing focus on addressing historical funding gaps. With emerging players like Trillick Ventures providing dedicated early-stage capital and strategic initiatives like the Manitoba First Fund attracting broader investment, the ecosystem is gaining momentum. This environment, fueled by growing tech talent and a collaborative community, positions Winnipeg as a rising force in the Canadian Prairies.

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