Investors / Canada / Top Down Ventures
Top Down Ventures
Venture capital · Vancouver, Canada · North America
Top Down Ventures is a venture firm that invests in early-stage software companies serving the managed service provider (MSP) channel. It provides capital alongside hands-on support in go-to-market, shared services such as legal, HR and finance, and strategic partnerships across its portfolio.
Invests inCybersecurityAI & Machine Learning
In its own wordsmspb2b softwarecybersecurityaiautomationsaas
Your fit with Top Down Ventures
Four questions about your startup
See how your round matches what it backs, point by point.
Or find every investor that fitsTop Down Ventures lists 27 checked portfolio companies on its own site and is named in 3 funding rounds, 2 of them as lead. Its most frequent entry is Seed, 67% of the companies with a known first round. Its largest themes are Cybersecurity (36%), AI & Machine Learning (16%) and Fintech (12%). 56% of its companies are based in United States. It invests most often alongside Outsiders Fund, Antler and Asymmetry.
Counts come from funding rounds that name Top Down Ventures, complete from mid-2025: earlier rounds appear only when they were reported later. Round amounts and full round histories are on Fundup AI.
Round figures show recent activity, not Top Down Ventures' whole history. Rounds on record name 3 companies; its own site lists 27. Funding rounds are complete from mid-2025, so counts and the yearly trend undercount a firm that invested before then. The portfolio, themes and places come from its own site and are not affected.
Entry stage
share of companies by the stage of its first roundShow as a table
| Value | |
|---|---|
| Pre-seed | 0% |
| Seed | 67% |
| Series A | 0% |
| Series B | 33% |
| Growth | 0% |
Activity by year
rounds it joined, last 10 yearsShow as a table
| Total | Rounds it led | |
|---|---|---|
| '17 | 0 | 0 |
| '18 | 0 | 0 |
| '19 | 0 | 0 |
| '20 | 0 | 0 |
| '21 | 0 | 0 |
| '22 | 0 | 0 |
| '23 | 0 | 0 |
| '24 | 0 | 0 |
| '25 | 0 | 0 |
| '26 | 3 | 2 |
Investor profile
percentile among all firmsShow as a table
| Measure | Percentile of all firms | Value |
|---|---|---|
| Portfolio size | 64th | 27 companies |
| Recent activity | 76th | 3 rounds in 12 months |
| Early stage | 80th | 67% of entries at pre-seed or seed |
| Evidence | 80th | 11% of companies confirmed by a round |
| Sector focus | 66th | 36% in its largest sector |
| Reach | 58th | 3 countries |
Investment themes
share of its checked companiesThis firmAll checked companies
Show as a table
| This firm | All checked companies | |
|---|---|---|
| Cybersecurity | 36% | 4% |
| AI & Machine Learning | 16% | 18% |
| Fintech | 12% | 12% |
| Space & Defense | 12% | 3% |
| Food & Agriculture | 8% | 3% |
| Enterprise Software | 4% | 8% |
| Healthcare & Biotech | 4% | 15% |
| Education | 2% | 7% |
Invests most often with
firms sharing its portfolio companiesShow as a table
| Share | |
|---|---|
| Outsiders Fund | 2 |
| Antler | 1 |
| Asymmetry | 1 |
| Base10 Partners | 1 |
| Benchstrength | 1 |
| Connecticut Innovations | 1 |
| Dawn Capital | 1 |
| FinTech Collective | 1 |
Its portfolio companies
where they are based, and what their own sites showSite status
- Site answers2593%
- No longer answers00%
- Points to another company27%
- Parked or sold domain00%
A site that stops answering three checks in a row is counted as no longer answering; that is not proof of closure. A site that points to another company is often an acquisition.
Co-investor network
who it backs companies with, and who they back togetherCompare Top Down Ventures head to head
portfolio size, rounds, entry stages, themes and the companies both backThree or more firms at once: portfolio overlap.
Recent portfolio activity
when companies last raised with Top Down Ventures| Date | Company | Stage |
|---|---|---|
| 8 Jun 2026 | Seed Led | |
| 24 Mar 2026 | Seed Led | |
| 10 Mar 2026 | Series B |
Round details for Top Down Ventures
Amounts, full round histories and every co-investor in Top Down Ventures' rounds are on Fundup AI. VCinfo covers investors and their portfolios.
Portfolio
27 companies checked against their own sites| Company | What it does | Themes | First round with it | Evidence |
|---|---|---|---|---|
| The company provides a backup monitoring and compliance platform for managed service providers | CybersecuritySpace & Defense | Portfolio page | ||
| BenjiPays automates payment processing between accounting systems and payment rails | FintechSpace & Defense | Portfolio page | ||
| ControlMap provides a platform for managing compliance and governance for managed service providers | CybersecurityGaming | Portfolio page | ||
| Cork Cyber provides a platform for managed service providers to gain visibility into cyber risk and offer financial protection to their clients | CybersecurityFintech | Portfolio page | ||
| EmpathMSP provides a learning platform for managed service providers to develop high-performing teams and streamline onboarding | EducationHealthcare & Biotech | Portfolio page | ||
| Epicure sells food products, including dips, condiments, and desserts, online. | Food & Agriculture | Portfolio page | ||
| Gateway AI provides a system that connects and manages a company's financial, compliance, people, and board and investor relations functions, turning information into decisions and completed work. | FintechAI & Machine Learning | Portfolio page | ||
| The company provides a platform for managing and securing Microsoft 365 at scale for managed service providers. | CybersecurityEnterprise Software | Portfolio page | ||
| The company builds and supports food businesses through various services including product development, manufacturing, and market access. | Food & AgricultureFood & Agriculture | Portfolio page | ||
| IT Glue provides IT documentation software to help businesses manage and track their IT operations. | CybersecurityEnterprise Software | Portfolio page | ||
| Lemhi provides a platform for managed service providers to sell, deliver, and renew AI as a managed service to their clients | AI & Machine LearningCybersecurity | Portfolio page | ||
| Lexful provides a knowledge infrastructure platform for managed service providers (MSPs) to manage documentation, assets, and passwords | AI & Machine LearningCybersecurity | Jun 2026Seed | Page + round | |
| Longwave helps managed service providers manage client AI use across browsers and desktops | AI & Machine LearningCybersecurity | Portfolio page | ||
| The company sells nutritional supplements with various ingredients for hydration, strength, and energy. | Healthcare & BiotechFood & Agriculture | Portfolio page | ||
| Neo Agent handles repetitive service desk work for managed service providers using AI automation. | AI & Machine LearningCybersecurity | Mar 2026Seed | Page + round | |
CybersecuritySpace & Defense | Portfolio page | |||
CybersecurityIndustrial & Manufacturing | Portfolio page | |||
| Quoter provides a quote-to-cash platform for managed service providers (MSPs) to build, close, and govern quotes and contracts. | Space & DefenseFintech | Portfolio page | ||
| Rove Concepts sells modern furniture online | E-commerce & MarketplacesFintech | Portfolio page | ||
| ScalePad provides a customer success platform for managed service providers (MSPs) | Space & DefenseCybersecurity | Portfolio page |
About this data
site last read 5 Nov 2026- Site
- topdown.com
- Last read
- 5 Nov 2026
- Watching since
- 5 Nov 2026
- Rounds since
- 10 Mar 2026
- Companies checked
- 27
Rates come from what VCinfo has observed since observation_start. Firms tend to remove companies that closed, so early rates understate reality. A company leaving a portfolio page does not mean it closed or exited. An unreachable site means our checks failed, nothing more.
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