Ripple Venturesan early-stage venture capital firm today announced the closing of its inaugural Fund with a capital commitment of $10 million, and the opening of its new incubator space, the Tank, in Toronto, for portfolio companies. With previous investments and successful returns on Turnstyle Solutions and Tokyo Smoke, this first Fund will include investments in OnCall Health and Tread Technologies.

Employing an ‘Operator First, Investor Second’ approach to investments, the Fund team brings a proven track record of success in M&A, finance, early-stage investing, and operating and scaling businesses.
“Ripple Ventures was launched this year with the belief that early-stage investments should be inclusive of ancillary services, beyond a typical capital injection, which is why we are taking an Operator First, Investor Second approach to our Fund and opening an incubator for our portfolio companies to work from,” said Matt Cohen, Founder and Managing Partner, Ripple Ventures. “From accounting to sales to recruiting support, Ripple Ventures is committed to strengthening the connection between investors and early-stage startups with an expansive advisory team of industry veterans and Entrepreneurs in Residence (EIR) to assist their companies in navigating everyday problems.”
 
The Fund is managed by Matt Cohen and Michael Garbe with a strong LP base and co-investor network across Canada and the United States. Ripple Ventures’ incubator, the Tank, will allow portfolio companies to work with like-minded entrepreneurs in a collaborative environment in the heart of downtown Toronto. The Fund will focus on early growth companies in Toronto, Waterloo, Montreal and Boston, primarily in areas of:
 
  • Enterprise Software;
  • Healthcare Software;
  • Industrial Services Technology;
  • Real Estate Technology;
  • Media Technologies; and
  • Enterprise Blockchain.

Ripple’s incubator space – called The Tank – launches October 1st at 410 Adelaide Street West, downtown Toronto. The Tank offers portfolio companies access to a co-working space that allows them to work and collaborate with other passionate entrepreneurs through an Entrepreneurs in Residence (EIR) program. 

EIRs include:

    • Jay Rosenzweig
    • Oz Nazilli
    • Elisha Gray
    • Adam Levine
    • Mark Halpren