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Panache Ventures

Founders Mike Cegelski Nicolas Jacques-Bouchard

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Investments

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This summary is composed by our algorithm based on the analysis of the deals. If you think that some of this information is not accurate, please let us know about it and provide any supporting evidences if possible. Such cases will be analyzed by our ML-algorithm and implemented in our database, which will improve this summary.

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Total investments 128
Average round size
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The average size of a deal this fund participated in
$7M
Portfolio companies 87
Rounds per year 21.33
Lead investments 13
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.32
Exits 1
Key employees 10
Stages of investment
Early Stage Venture
Seed

Areas of investment

  • Software
  • Information Technology
  • Artificial Intelligence
  • FinTech
  • Financial Services
Summary

Panache Ventures is the famous VC, which was founded in 2018. The main department of described VC is located in the Montru00e9al. The fund was located in North America if to be more exact in Canada.

This organization was formed by Nicolas Jacques-Bouchard. The overall number of key employees were 10.

The high activity for fund was in 2019. The usual things for fund are deals in the range of 1 - 5 millions dollars. The fund is constantly included in 13-24 investment rounds annually. When the investment is from Panache Ventures the average startup value is 5-10 millions dollars. Considering the real fund results, this VC is 7 percentage points more often commits exit comparing to other organizations.

The fund has no specific favorite in a number of founders of portfolio startups. If startup sums 5+ of the founder, the chance for it to be financed is low. Among the most popular portfolio startups of the fund, we may highlight MedStack, dfuse, Lane. We can highlight the next thriving fund investment areas, such as Health Care, Analytics. For fund there is a match between the country of its foundation and the country of its the most frequent investments - Canada. Besides, a startup needs to be aged 2-3 years to get the investment from the fund.

The usual cause for the fund is to invest in rounds with 3-4 partakers. Despite the Panache Ventures, startups are often financed by Creative Destruction Lab, Y Combinator, Techstars. The meaningful sponsors for the fund in investment in the same round are iNovia Capital, ScaleUP Ventures, Hike Ventures. In the next rounds fund is usually obtained by Y Combinator, Spider Capital, Silicon Valley Bank.

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Related Funds

Funds investing in previous rounds
These funds often invest in the rounds preceeding the rounds of Panache Ventures:
Typical Co-investors
Panache Ventures is more likely to invest in rounds together with the following funds:
Funds investing in following rounds
These funds have a tendency to invest in the following rounds after Panache Ventures:

Funds with similar focus

Funds from Canada
Funds with similar focus located in Canada:
Funds with the same geo focus
Funds with similar geography of portfolio companies:
Funds doing lead investments
Funds with similar focus acting as lead investors:

Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

HumanFirst

Artificial Intelligence
$3M26 Jul 2023 Montreal, Quebec, Canada

Reworkd

Artificial Intelligence
Data Center Automation
Software
$1M18 Jul 2023 San Francisco, California, United States

Lotly

Finance
Financial Exchanges
Financial Services
Property Management
Residential
07 Jul 2023 Toronto, Ontario, Canada

OneVest

Financial Services
FinTech
Wealth Management
$13M13 Jun 2023 Calgary, Canada

Platformatic

$3M01 Jun 2023 -

ODAIA

Software
$25M01 May 2023 Old Toronto, Ontario, Canada

Eli

Health Care
Personal Health
Women's
$3M04 Apr 2023 Montreal, Quebec, Canada

Lancey

Information Technology
Software
$1M05 Dec 2022 Toronto, Ontario, Canada

Evolia (formerly Voilà!)

$13M24 Oct 2022 Quebec, Quebec, Canada
News
AON3D Secures $11.5M & Manufactures First 3D Printed Parts for the Moon

– AON3D announced their $11.5M Series A funding and a partnership with Astrobotic for their historic Peregrine Moon Lander (PM1) mission.
– This brings the company’s total funding to $14.2M.
SineWave Ventures led the round with participation from AlleyCorp, Y Combinator Continuity, BDC Capital, EDC, Panache Ventures, MANA Ventures, top social-media influencers Josh Richards & Griffin Johnson, and leading Silicon Valley angels.
– The funding will be used to invest in 3D printing R&D, continue onboarding talent to support a growing enterprise, and provide clients with best-in-class support to achieve their 3D printing needs.

Forma.ai Raises $10M in Series A Funding

– Forma.ai, a Toronto, Canada-based data science powered sales performance company, raised $10m in Series A funding.
– The round was led by Crosslink Capital with participation from Golden Ventures, Panache Ventures, Uncork Capital, and Xfund.
– The new investment will be used to scale the company’s engineering teams and expand its business reach across the mid-market and enterprise segment.

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Total investments 128
Average round size 7M
Rounds per year 21.33
Peak activity year 2019
Lead investments 13
Follow on index 0.32
Exits 1
Group Appearance index 0.91

Latest deals

CompanyIndustryRound SizeDateInvestorsLocation

HumanFirst

Artificial Intelligence
$3M26 Jul 2023 Montreal, Quebec, Canada

Reworkd

Artificial Intelligence
Data Center Automation
Software
$1M18 Jul 2023 San Francisco, California, United States

Lotly

Finance
Financial Exchanges
Financial Services
Property Management
Residential
07 Jul 2023 Toronto, Ontario, Canada

OneVest

Financial Services
FinTech
Wealth Management
$13M13 Jun 2023 Calgary, Canada

Platformatic

$3M01 Jun 2023 -

ODAIA

Software
$25M01 May 2023 Old Toronto, Ontario, Canada

Eli

Health Care
Personal Health
Women's
$3M04 Apr 2023 Montreal, Quebec, Canada

Lancey

Information Technology
Software
$1M05 Dec 2022 Toronto, Ontario, Canada

Evolia (formerly Voilà!)

$13M24 Oct 2022 Quebec, Quebec, Canada
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