Northside Ventures

Profile

Northside Ventures is a pre-seed venture capital firm based in Toronto, founded in 2023 by Alex McIsaac. McIsaac, Northside's sole general partner, previously led the Canadian practice at Global Founders Capital. The firm has an extensive team operating its sourcing infrastructure which includes two analysts, two engineers, and a university scout program. Northside specializes in fast decision-making, aiming to combine the reach of a larger firm with the swiftness of an angel investor.

The firm's investment strategy focuses on AI infrastructure, robotics, and defense technology. Northside writes initial checks averaging $500,000 USD and primarily targets companies at the inception stage, both pre-revenue and pre-product. It has assets under management across two funds: Fund I closed at $11 million USD and Fund II is targeting $30 million USD, with major LPs including CIBC Innovation Banking, TD Innovation Partners, Intact Private Capital, and Bain Capital Ventures.

Some of the notable investments by Northside Ventures include companies such as Aron AI, PolarGrid, Solderable, Space, Vernius Systems, and Windkey. These investments reflect their deep tech focus and signify their strategic pivot to align with the latest trends in AI, robotics, and defense sectors.