Ripple Ventures

Profile

Ripple Ventures is a venture capital firm based in Toronto, founded in 2018 by Matt Cohen, a former fintech operator and institutional finance professional. The firm consists of a dynamic team including Dominic Lau, who leads the Vancouver expansion, and other key team members like Katie Ko and Jay Lee. Their unique approach involves working closely with founders at the inception stage, providing hands-on support to build advanced technologies designed to reshape markets and industries.

The firm invests predominantly in frontier technology and sectors focusing on sovereign capabilities including aerospace, defense-adjacent dynamics, nuclear energy, biotech, and preclinical drug development. They write checks ranging from $250K to $1M, typically at inception stages which can be pre-incorporation or pre-product. Ripple Ventures operates primarily within Canada and the U.S., with a mandate to support startups geared towards global market ambitions. Their fund history includes Fund I at $10 million and subsequent vehicles, though Fund III and Fund IV sizes remain undisclosed.

Notable investments from recent funds include Canada Rocket Company, Terranox AI - an AI-powered uranium exploration startup, and North Vector Dynamics. They also have several stealth technology bets focusing on AI and software, indicative of their interest in hard-tech and capital-intensive projects aimed at reducing foreign dependency and strengthening regional sovereign capabilities.