Toronto-based GreenSky Ventures has officially closed its sixth venture fund, raising $23.5 million CAD to support early-stage B2B deep tech and enterprise software startups across Canada.
The latest raise brings GreenSky Ventures total capital under management to $78.5 million since its inception.
Fund VI surpassed the midpoint of its initial target range of $20–25 million, marking a significant milestone for the firm. More than 100 limited partners (LPs) contributed, including a mix of returning high-net-worth individuals, family offices, and wealth managers. The GreenSky team and their families also remained the largest investor group, reinforcing their hands-on commitment.
New leadership, stronger vision
The close coincided with the appointment of Jeff Brunet as a managing partner. A seasoned entrepreneur and angel investor, Brunet has exited several companies—including Clickfree and Wysdom—and holds around 30 patents in AI, wireless tech, and consumer electronics. His addition strengthens GreenSky’s operational and technical capabilities, particularly in commercialization.
“I can be a good resource for our portfolio companies,” Brunet said in an interview. “I’ve just been there so many times, and done it so many times.”
GreenSky founder Mike List called Brunet “a Canadian unicorn” with rare experience, especially in AI and scaling Canadian tech ventures.
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Institutional expansion and a focus on deep tech
This round also marked GreenSky Ventures first foray into institutional funding with New Brunswick Innovation Foundation (NBIF) joining as an LP. Brunet suggested this signals GreenSky’s growing appetite for a more institutionalized approach in future funds.
Fund VI is targeting 12 to 15 investments in seed and Series A startups, with initial checks ranging from $1 million to $2 million. So far, the firm has invested in six companies, including BioAlert Solutions, Edgecom Energy, Rivr, and Brickeye.
With its growing portfolio and extended institutional ties, GreenSky Ventures aims to strengthen its position in Canada’s VC landscape while continuing to back IP-rich ventures with long-term exit potential.
