Round13 Capital
Round13 Capital is a Toronto-based venture capital firm founded in 2013 that invests growth-stage equity in Canadian technology companies across vertical software, ecommerce, tech-enabled services, retail, and AI, and expanded into venture debt via the 2024 TIMIA Group acquisition.
- Company typePrivate
- Founded2013
- HeadquartersToronto, Canada
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Round13 Capital does
Round13 Capital is a Toronto-based venture capital firm founded in 2013 by Bruce Croxon and John Eckert to address the scarcity of growth-stage capital available to Canadian technology companies. The firm principally invests growth-stage equity and selectively evaluates seed-stage opportunities across five stated verticals: Vertical Software, Ecommerce, Tech-enabled Services, Disruptive Retail, and Artificial Intelligence. Its portfolio includes Canadian-headquartered companies such as Avanti, Lillio, Hubdoc, TouchBistro, Article, Gainful, RealServus, Sourced Group, TradeCafe, Juno Vet, and MARZ. The firm is led by Managing Partner Brahm Klar alongside Founding Partners Croxon and Eckert, supported by an investment and operations team of 11–50 professionals that includes a VP of Finance, Principals, and Directors of Investment and Operations/People.
In November 2024, Round13 expanded into venture debt and private credit by acquiring Vancouver-based TIMIA Group, which brought $200M+ in established loan facilities, 80 portfolio companies, and 26 active debt investments focused on B2B SaaS. TIMIA Capital now operates as a wholly-owned subsidiary offering non-dilutive loans of $1M–$10M to Canadian technology companies, positioning the combined entity as a dual equity-and-credit platform. In 2025, Round13 further extended its platform with the acquisition of Apex Group Technologies, a wholly-owned technology consolidator focused on software platforms serving the real economy. The firm also launched an Entrepreneurship Through Acquisition (ETA) investment strategy led by Venture Partner Amin Lalani and made its first disclosed U.S. investment in February 2026 leading a $12M financing for enterprise AI consultancy Lightworks.
The business model centers on venture capital fund management — earning management fees on committed capital and carried interest on realizations — supplemented by interest income and fees from TIMIA's venture debt book and operational exposure through Apex Group Technologies. Distribution occurs through direct investment relationships sourced via the partners' networks, prior portfolio companies, and operator ecosystem. The firm is privately held, headquartered at 502-111 Richmond Street West in Toronto, and has not disclosed institutional external investors, PE backing, or public listing plans.
Round13 Capital firmographics
Firmographics- Name
- Round13 Capital
- Legal name
- Round13 Capital
- Website
- https://round13.com
- Company type
- Private
- Founded year
- 2013
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Round13 Capital is a Toronto-based venture capital firm founded in 2013 that invests growth-stage equity in Canadian technology companies across vertical software, ecommerce, tech-enabled services, retail, and AI, and expanded into venture debt via the 2024 TIMIA Group acquisition.
- Ownership category
- akta.pro rank
Round13 Capital industry classification
Industry- Product category
- Venture Capital / Growth Equity
- NAICS
- All Other Financial Investment Activities (52399), Portfolio Management and Investment Advice (523940)
- SIC
- Investment Advice (6282), Miscellaneous Business Credit Institution (6159), Short-Term Business Credit Institutions (6153)
- akta.pro primary industry
- Late-Stage Venture Capital (Series C+) (FSANAAAC)
- akta.pro secondary industries
- Sector-Focused Venture Capital (Vertical Specialists) (FSANAAAD), Early-Stage Venture Capital (Series A/B) (FSANAAAB)
Keywords
Where Round13 Capital is headquartered
LocationHeadquarters
- HQ city
- Toronto
- HQ country
- Canada
- HQ region
- North America
Offices1 record
Markets served
Round13 Capital business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D
Revenue model
- Investment Returns: Round13 generates returns through equity investments in growth-stage technology companies, with potential exits via acquisitions or IPOs. The firm also expanded into venture debt through the TIMIA Capital acquisition.
Distribution channels1 record
Marketing channels3 records
Round13 Capital product offering
Product offeringCore offering
Round13 Capital is a Toronto-based venture capital firm that principally focuses on growth-stage venture capital and later-stage tech-enabled services, while selectively evaluating seed stage opportunities. The firm invests in Canadian digital companies across vertical software, ecommerce, tech-enabled services, disruptive retail, and artificial intelligence. Through the November 2024 acquisition of TIMIA Capital, Round13 also offers venture debt loans ranging from $1 million to $10 million to growing B2B SaaS companies as non-dilutive financing.
Product overview
Round13 Capital operates as a venture capital and private credit investment firm rather than a product company. The firm offers two core investment vehicles: its primary growth-stage venture capital fund investing in Canadian digital companies across vertical software, ecommerce, tech-enabled services, disruptive retail, and AI sectors; and TIMIA Capital, a venture debt and private credit platform acquired in late 2024 that provides non-dilutive debt financing ranging from $1 million to $10 million to growing B2B SaaS companies. The combined entity aims to serve as a premier private credit platform for Canadian technology companies, addressing gaps in both equity and debt funding for early-stage startups.
Differentiator
Problem solved
Functional benefit
Products and services
- Round13 Growth-Stage Venture Capital Fund
Companies that use Round13 Capital
Customer profileSegments3 records
Ideal customer profiles2 records
Round13 Capital technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Round13 Capital partnerships and signals
Strategic signalScale indicators3 records
Recent moves6 records
Expansion highlights6 records
Round13 Capital competitors and assessment
Company assessmentDirect peers
- Real Ventures: Montreal-based early-stage VC and a foundational player in the Canadian tech ecosystem; comparable as a domestic specialist, though it skews earlier than Round13's growth-stage focus.
- Golden Ventures: Toronto-based seed and early-stage Canadian VC investing in SaaS, AI, and fintech; comparable as a domestic specialist with overlapping portfolio themes including AI and vertical SaaS.
- Georgian Partners: Toronto-based growth-stage VC focused on B2B software companies with a thesis-led, operator-adjacent model that is highly comparable to Round13's vertical SaaS and AI investing approach in the Canadian market.
- Inovia Capital: Montreal-based venture firm investing across early and growth stages in Canadian and US tech; competes directly with Round13 for Canadian growth-stage SaaS and AI deals and serves similar founder profiles.
- Whitecap Venture Partners: Toronto-based VC focused on Canadian growth-stage technology companies with an operator-led approach; overlaps directly with Round13's mandate and Canadian tech portfolio strategy.
- Version One Ventures: Vancouver-based early-stage VC with thesis-driven investing in crypto, consumer, and SaaS; comparable as a Canadian-domiciled specialist with overlapping founder profiles in the same ecosystem.
- Framework Venture Partners: Toronto-based VC focused on B2B SaaS companies at the growth stage, with a similar operator-led approach and Canadian tech mandate that places it in direct competition with Round13.
- Panache Ventures: Montreal-based seed-stage Canadian VC; comparable as a domestic specialist, though it focuses earlier (pre-seed and seed) than Round13's growth-stage orientation.
Broad incumbents
- Hercules Capital: US-listed specialty finance firm providing venture debt to technology and life sciences companies; highly comparable to TIMIA Capital's venture debt product offering at a much larger scale.
- Trinity Capital: US specialty lender providing venture debt and equipment financing to growth-stage tech companies; comparable to TIMIA's venture debt offering as a scaled incumbent in the same asset class.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat3 records
Key risks6 records
Key highlights6 records
Customer concentration
Round13 Capital social profiles
Digital presenceRound13 Capital financial estimates
Financial estimateRevenue estimate
Valuation estimate
Round13 Capital leadership team
Management profileNumber of profiles
Profiles12 records
Round13 Capital subsidiaries and ownership
Company hierarchySubsidiaries2 records
Round13 Capital funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Round13 Capital M&A and investment
M&A and investmentM&A1 record
Investments74 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Round13 Capital
What does Round13 Capital do?
Round13 Capital is a Toronto-based venture capital firm that principally focuses on growth-stage venture capital and later-stage tech-enabled services, while selectively evaluating seed stage opportunities. The firm invests in Canadian digital companies across vertical software, ecommerce, tech-enabled services, disruptive retail, and artificial intelligence. Through the November 2024 acquisition of TIMIA Capital, Round13 also offers venture debt loans ranging from $1 million to $10 million to growing B2B SaaS companies as non-dilutive financing.
Is Round13 Capital a public or private company?
Round13 Capital is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Round13 Capital founded?
Round13 Capital was founded in 2013. It employs 11 to 50 people.
Where is Round13 Capital based?
Round13 Capital is headquartered in Toronto, Canada, in the North America region.
How does Round13 Capital make money?
One revenue line is on record: investment Returns.
Who are Round13 Capital's main competitors?
Direct peers on record are Real Ventures, Golden Ventures, Georgian Partners, Inovia Capital, Whitecap Venture Partners, Version One Ventures, Framework Venture Partners and Panache Ventures. Broad incumbents are Hercules Capital and Trinity Capital.
Does Round13 Capital have an API?
No public API is recorded for Round13 Capital.
What industry is Round13 Capital in?
Round13 Capital's product category is Venture Capital / Growth Equity. Its primary akta.pro industry code is FSANAAAC, Late-Stage Venture Capital (Series C+), with a secondary code of FSANAAAD, Sector-Focused Venture Capital (Vertical Specialists). Its NAICS code is 52399 and its SIC code is 6282.