Relay Ventures

Relay Ventures is an early-stage venture capital firm founded in 2008 and based in Toronto, Canada, with additional offices in Calgary and San Francisco. The firm focuses on investing in software for mobile devices and the connected Internet, targeting passionate entrepreneurs who are creating innovative mobile-first and AI-powered technologies. Relay Ventures operates a concentrated seed-stage model, investing between $100,000 and $5,000,000, with a preference for around $3,000,000. The firm has raised over $800 million in capital and has invested in more than 70 companies, achieving successful exits for roughly one-third of them. Their investment strategy is organized around four verticals: Proptech, Fintech, Sportstech, and Urbantech, with additional interests in healthcare, education, and enterprise solutions. Beyond capital, Relay Ventures offers strategic guidance, access to industry networks, and data-driven analysis to help startups grow.

Backs founders solving major pain points in large markets with potential for massive growth, focusing on mobile-first and AI-powered innovation.