Profile
LOI Venture is a venture capital firm based in Vancouver, British Columbia, Canada, founded in 2021 by Hootsuite founder Ryan Holmes and angel investor Manny Padda. The firm focuses on supporting young entrepreneurs, particularly those under 30, through its LOI Program. With a team of 23 people, including 12 partners, LOI Venture is committed to nurturing early-stage startups with a unique emphasis on youth-driven innovation.
The firm primarily invests in sectors such as SaaS, AI, consumer products, and healthcare services, with a typical check size ranging from $100K to $1M. LOI Venture targets pre-seed and seed-stage investments, focusing on startups in Canada and the USA. The firm manages LOI Venture Fund I, a $20 million fund launched in 2021, which is dedicated to backing promising early-stage ventures.
Notable investments by LOI Venture include Unified API - software development applications, Hook Security - education and training services, WFHomie - business/productivity software, and Holdr - social/platform software. These investments highlight the firm's commitment to fostering innovation across a diverse range of industries.
Industry
LOI Venture Funds
| Name | Type |
|
|
|
Size | AUM | Launch date |
|---|---|---|---|---|---|---|---|
|
LOI Venture Fund I
|
Venture Capital (VC)
|
SaaS
Consumer Products
AI
Internet and Web Services
Healthcare Services
|
Pre-seed
Seed
|
North America
|
$1-5 m
|
$20 M
|
January 2021
|
Contacts
Instant access on the web. Plans from $129/month — see pricing.