Investors / Canada / Two Small Fish Ventures
Two Small Fish Ventures
Venture capital · Toronto, Canada · North America
Two Small Fish Ventures is an early-stage deep tech venture firm founded by entrepreneurs, investing from a US$30 million third fund. It writes 5-7 cheques per year, typically $1M to $3M USD, and provides mentorship and coaching to portfolio founders.
Invests inAI & Machine Learning
In its own wordsdeep techartificial intelligenceai infrastructureadvanced computing hardwaresmart energyphysical ai
Your fit with Two Small Fish Ventures
Four questions about your startup
See how your round matches what it backs, point by point.
Or find every investor that fitsTwo Small Fish Ventures lists 36 checked portfolio companies on its own site and is named in 5 funding rounds, 3 of them as lead. Its most frequent entry is Seed, 80% of the companies with a known first round. Its largest themes are AI & Machine Learning (27%), Enterprise Software (8%) and Healthcare & Biotech (8%). 65% of its companies are based in Canada. It invests most often alongside Creative Destruction Lab, Garage Capital and Golden Ventures.
Counts come from funding rounds that name Two Small Fish 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 Two Small Fish Ventures' whole history. Rounds on record name 5 companies; its own site lists 36. 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 | 80% |
| Series A | 20% |
| Series B | 0% |
| 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 | 1 | 0 |
| '24 | 1 | 0 |
| '25 | 0 | 0 |
| '26 | 3 | 3 |
Investor profile
percentile among all firmsShow as a table
| Measure | Percentile of all firms | Value |
|---|---|---|
| Portfolio size | 74th | 36 companies |
| Recent activity | 76th | 3 rounds in 12 months |
| Early stage | 83th | 80% of entries at pre-seed or seed |
| Evidence | 84th | 14% of companies confirmed by a round |
| Sector focus | 42th | 27% in its largest sector |
| Reach | 42th | 2 countries |
Investment themes
share of its checked companiesThis firmAll checked companies
Show as a table
| This firm | All checked companies | |
|---|---|---|
| AI & Machine Learning | 27% | 18% |
| Enterprise Software | 8% | 8% |
| Healthcare & Biotech | 8% | 15% |
| Robotics & Hardware | 6% | 1% |
| Media & Entertainment | 6% | 4% |
| Cybersecurity | 6% | 4% |
| Fintech | 5% | 12% |
| Education | 5% | 7% |
Invests most often with
firms sharing its portfolio companiesShow as a table
| Share | |
|---|---|
| Creative Destruction Lab | 6 |
| Garage Capital | 4 |
| Golden Ventures | 4 |
| Andreessen Horowitz | 3 |
| Real Ventures | 3 |
| Accelerator Centre | 2 |
| Bling Capital | 2 |
| Index Ventures | 2 |
Its portfolio companies
where they are based, and what their own sites showSite status
- Site answers36100%
- No longer answers00%
- Points to another company00%
- 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 togetherAll co-investors or Compare portfolios with Creative Destruction Lab
Compare Two Small Fish 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 Two Small Fish Ventures| Date | Company | Stage |
|---|---|---|
| 23 Jun 2026 | Seed Led | |
| 18 Mar 2026 | Seed Led | |
| 12 Jan 2026 | Seed Led | |
| 26 Aug 2024 | Series A | |
| 1 Aug 2023 | Seed |
Round details for Two Small Fish Ventures
Amounts, full round histories and every co-investor in Two Small Fish Ventures' rounds are on Fundup AI. VCinfo covers investors and their portfolios.
Portfolio
36 companies checked against their own sites| Company | What it does | Themes | First round with it | Evidence |
|---|---|---|---|---|
| Portfolio page | ||||
| Applied Brain Research develops and provides edge AI solutions with state space models for various applications such as speech-to-text and language translation. | AI & Machine LearningRobotics & Hardware | Jan 2026Seed | Page + round | |
| Axiomatic AI develops AI that can reason beyond what is known while remaining grounded in what is true for science and engineering applications | AI & Machine LearningRobotics & Hardware | Portfolio page | ||
| Beaubble sells beauty products online. | Consumer | Portfolio page | ||
| BenchSci provides a research environment platform for scientists to unify data, models, and workflows for R&D purposes. | Healthcare & Biotech | Portfolio page | ||
| Blumind develops all-analog AI neural network silicon architecture for Physical AI applications | Industrial & ManufacturingAI & Machine Learning | Portfolio page | ||
| ByteShape's technology learns how to compress AI models, so the most capable models can run on the hardware you have. | AI & Machine Learning | Portfolio page | ||
| The company provides a platform that helps leverage past regulatory data to find evidence-backed answers to complex questions. | Healthcare & Biotech | Portfolio page | ||
| The Data Foundation improves government, business, and society through open data and evidence-informed public policy | EducationHealthcare & Biotech | Portfolio page | ||
| EnVgo designs and builds electric hydrofoil boats and integrates autonomy, electric and hybrid propulsion, and hydrofoils into vessels | AI & Machine LearningAI & Machine Learning | Portfolio page | ||
| FUTURi is a smart panel platform that makes electrification possible without costly service upgrades or delays. | EducationReal Estate & Construction | Portfolio page | ||
| Gensee provides a unified security platform to protect business data and safeguard AI agent actions | AI & Machine LearningCybersecurity | Portfolio page | ||
| Glif generates images, videos, and audio using artificial intelligence based on user prompts. | AI & Machine LearningMedia & Entertainment | Portfolio page | ||
| Guiker offers rental and investment services for real estate properties. | Real Estate & Construction | Portfolio page | ||
| Haply Robotics develops and sells haptic devices and force-feedback technology for various applications, including robotics, simulation, and 3D design. | Robotics & HardwareIndustrial & Manufacturing | Portfolio page | ||
| #paid provides infrastructure for the creator economy, offering a platform for brands to manage creator marketing campaigns, | Media & EntertainmentE-commerce & Marketplaces | Portfolio page | ||
| The company provides a platform for AI apps and models for image generation and editing | AI & Machine LearningMedia & Entertainment | Aug 2023Seed | Page + round | |
| Wavy provides a platform to manage and track employee events and programs, helping companies to automate culture operations and measure outcomes. | Human ResourcesEnterprise Software | Portfolio page | ||
| Joyride provides a connected mobility platform for managing and monetizing fleets of lightweight vehicles. | Mobility & LogisticsAI & Machine Learning | Portfolio page | ||
| Masterpiece X develops an AI-powered editor to accelerate 3D production for studios | Enterprise SoftwareAI & Machine Learning | Portfolio page |
About this data
site last read 5 Nov 2026- Site
- twosmallfish.vc
- Last read
- 5 Nov 2026
- Watching since
- 5 Nov 2026
- Rounds since
- 1 Aug 2023
- Companies checked
- 36
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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