LOI Venture is a $20M Pre-Seed Fund focused on backing founders under 30 attending the League of Innovators Accelerator Program. The fund was co-founded by Ryan Holmes and Manny Padda to help accelerate early stage startups in Canada.
In 2017, Ryan Holmes (Co-founder of Hootsuite) founded League of Innovators, a charity with a mission to help accelerate the growth of young entrepreneurs in Canada. To date, the program has graduated 250 businesses with a combined valuation of nearly $1B.
In December 2021, Ryan and fellow board member Manny Padda (Angel Investor/Board Member of League of Innovators) co-founded LOI Venture. The $20M fund, ranging in pre-seed and seed-stage cheques, will be positioned to help accelerate early-stage startups in Canada who enrol in the LOI program.
We occasionally write cheques into startups founded by non-LOI attendees but most of our deal flow is allocated for graduates from the League of Innovators.
People
- Joel Hansen, Head of Marketing & Partnerships
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