The 50

A Guide to the Canadian Venture Capital Ecosystem

4th Edition Coming Soon!

The 4th Edition of The 50 arrives early 2025! In the meantime, explore the last three editions, including the latest 3rd edition, to dive into Canada’s evolving ecosystem, discover key players, and gain insights into the trends shaping our industry.


About The 50


The 50, a collaboration between the CVCA and the Trade Commissioner Service (TCS), is an annual online guide to the Canadian venture capital (VC) ecosystem, and features 50 of Canada’s VC firms. The goal of The 50 is to showcase members of the CVCA to foreign Limited Partners (LPs) and General Partners (GPs) and to spotlight Canada’s VC landscape on the global stage. This annual strategic guide aims to expand the global network of Canadian VC funds, build investment interest in Canada, and amplify the investment opportunities of exceptional Canadian VC firms, specifically focusing on VC firms engaged in international fundraising. Since the publication is released annually, the spotlighted firms are updated each year.

Canada’s Dynamic VC Landscape

The 50 is not a ranking of the top 50 firms in Canada, but rather a guide to the Canadian venture capital ecosystem — an immersive journey into the heart of Canada’s thriving entrepreneurial landscape. Featured funds will span a range of sectors and​ verticals, investment stages, and will include both established VC firms, CVCs, and first-time and emerging funds and managers.

Leveraging the international network of Canadian Trade Commissioners abroad, the publication of The 50 is circulated to foreign LPs and GPs in regions such as Asia, Europe, the US and the Middle East. Trade Commissioners use The 50 as a calling card – to promote the Canadian ecosystem and to connect interested investors to those who are profiled. 

The Nomination Committee:

  • Benoit Leroux, Investissement Québec 
  • Brenda Hogan, Ontario Capital Growth Corporation (OCGC) 
  • Cedrik Paquin-Henri, MAVRIK Corporation
  • Jacques Bernier, Teralys Capital Inc. 
  • Lauren Harris, Northleaf Capital Partners 
  • Leah Nguyen, InBC Investment Corporation
  • Paul Godman, Alberta Enterprise Corporation 
  • Senia Rapisarda, HarbourVest Partners (Canada) Ltd. 
  • Victor Scutaru, BDC Capital
The 50

Annual Guidebooks

The 50: A Guide to the Canadian Venture Capital Ecosystem

Jan. 31, 2024

2022 – The 50: A Guide to the Canadian Venture Capital Ecosystem

Nov. 17, 2022

2021 – The 50: A Guide to the Canadian Venture Capital Ecosystem

Mar. 31, 2021