What ScaleGood Fund LP (powered by TELUS) does

ScaleGood Fund LP is a Canadian social-impact venture capital fund organized as a limited partnership in Edmonton, Alberta, founded in 2022 and operated under the "Powered by TELUS" brand. The fund invests C$25,000 to C$200,000 per company at the pre-seed or seed stage into ventures that combine measurable social impact with financial-return potential, spanning healthcare, safety, education, environmental, housing affordability, and AI/ML-enabled sectors. It sources deals through the Alchemist Accelerator (12+ weeks of observation before assessment), the TELUS Community Safety and Wellness Accelerator, ScaleupMap inbound submissions, and direct mission-aligned outreach; it generally co-invests in syndicates rather than leading rounds.

The fund operates on a standard 2 and 20 fee structure: a 2% annual management fee on committed capital and a 20% carried interest on profits after limited partners receive their full contributions back plus a 5% hurdle. An initial C$5M close in April 2022 (anchored by a C$3.97M commitment from TELUS Pollinator Fund for Good) was followed by a final close at the C$10M target in 2024. Capital is called in tranches: 30% within 30 days of initial closing, then 25%, 20%, 15%, and 10% in years two through five, with a 10-year fund term extendible by two one-year extensions.

Deal evaluation is conducted through ScaleupMap, an Agentic AI-driven platform that performs inbound investment scoring, fit analysis, and VC-grade investment memo generation. Beyond capital, the fund offers portfolio companies network access (Aspen Global Leadership Network, YPO, EO), advisory support, follow-on funding capacity, and connections to beta customers and media. As of May 2026 the portfolio spans 53 disclosed companies, including PulseMedica, Nia Health, DrugBank, AquaEye, CourtScribes, RallyReader, and Ultimarii, the last of which closed a C$5.2M ($5.2M USD) syndicated round in September 2025 led by Staircase Ventures alongside ScaleGood, Alpaca VC, and non-dilutive support from Alberta Innovates, IRAP, and the Opportunity Calgary Investment Fund.

Name

ScaleGood Fund LP (powered by TELUS)

Legal name

ScaleGood Fund Limited Partnership

Website

https://scalegood.ca

Company type

Private

Founded year

2022

Operating status

Operating

Headcount range

1–10 employees

Short description

ScaleGood Fund LP is a Canadian social-impact venture capital fund (Edmonton, founded 2022) that invests C$25K-C$200K in pre-seed/seed startups combining measurable social impact with financial returns, using the ScaleupMap AI platform for deal assessment.

Ownership category

akta.pro rank

Product category

Impact Venture Capital

NAICS

Portfolio Management and Investment Advice (523940), Other Investment Pools and Funds (5259)

SIC

Investment Advice (6282)

akta.pro primary industry

SDG / Thematic Sustainable Investment Funds (FSANAJAN)

akta.pro secondary industries

Micro-VC & Angel Funds (FSANAAAI), Impact Investing & Social Finance (Funds, CDFIs, Microfinance) (BPAGALAA)

Keywords

• Venture capital fund
• Impact investing
• Seed-stage investment
• Social impact ventures
• Early-stage funding

Headquarters

HQ city

Edmonton

HQ country

Canada

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales

Revenue model

1. Management Fees: 2% annual management fee on committed capital plus setup costs and annual fees (legal, accounting, etc.)
2. Carried Interest (Carry): 20% carry on profits after all limited partners receive their full contributions back plus a 5% hurdle rate. This is the performance-based revenue for the GP.

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels6 records

Core offering

ScaleGood Fund LP is a Social Impact Venture Capital fund that invests $25,000–$200,000 CAD in pre-seed and seed-stage companies demonstrating both financial returns and measurable social impact. The fund sources deals through the Alchemist accelerator, the ScaleupMap AI assessment platform, and syndicate co-investments. Portfolio companies receive mission-aligned capital, advisory support, and access to global networks including Aspen Global Leadership Network, YPO, and EO.

Product overview

ScaleGood Fund LP is a Social Impact Venture Capital Fund that provides investment partnership services to impact-driven entrepreneurs. The fund invests between $25,000 and $200,000 CAD in pre-seed or seed-stage companies demonstrating both financial returns and measurable social impact. The fund uses the ScaleupMap platform to assess inbound investments, providing VC-grade investment memos and fit analysis. ScaleGood does not offer a distinct software product or platform as its primary offering; rather, it offers venture capital investment services coupled with social impact measurement using the SPI (Social Progress Imperative) Index.

Differentiator

Problem solved

Functional benefit

Products and services

• ScaleGood Fund LP A Social Impact Venture Capital fund offering pre-seed and seed-stage equity investments of $25,000–$200,000 CAD to companies across healthcare, safety, education, wellness, environmental, and housing affordability sectors. Available to early-stage impact-driven founders and limited partners (family offices, institutional, and impact investors) seeking dual-mandate exposure.

Named customers7 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Seven partnerships are on record, tiered flagship, core and minor.

• TELUSflagshipStrategic or Co-development PartnerScaleGood Fund is powered by TELUS, providing brand credibility and connection to the Canadian telecommunications company's innovation ecosystem and community initiatives.
• TELUS Community Safety and Wellness AcceleratorcoreStrategic or Co-development PartnerScaleGood Fund is 100% independent from this accelerator but participates actively, watching and working with companies in various cohorts. Graduates of this accelerator receive higher priority in ScaleGood's assessment process.
• Alchemist AcceleratorcoreStrategic or Co-development PartnerScaleGood benefits from the Alchemist accelerator's stringent criteria for ventures it accepts, allowing the fund to observe and work with potential ventures for at least 12 weeks before assessing them for investment.
• Aspen Global Leadership NetworkminorStrategic or Co-development PartnerInternational leadership network through which ScaleGood provides portfolio companies access to global networks, potential investors, customers, partners, and talent.
• Young Presidents Organization (YPO)minorStrategic or Co-development PartnerGlobal network of young CEOs providing ScaleGood and its portfolio companies access to business leaders, potential customers, partners, and talent.
• Entrepreneurs Organization (EO)minorStrategic or Co-development PartnerGlobal network of entrepreneurs that ScaleGood leverages to connect portfolio companies with potential investors, customers, partners, and talent.
• ScaleupMapcoreTechnology or IntegrationAI-powered platform used by ScaleGood to assess all inbound investments. Provides free profiles for entrepreneurs, investment memo generation, fit analysis, and VC-grade coaching and scoring.

Scale indicators5 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• TELUS Pollinator Fund for Good: Corporate impact VC arm of TELUS that led ScaleGood's initial funding round. Closely comparable as a Canadian early-stage impact investor leveraging the same TELUS ecosystem and similar dual-mandate thesis (financial returns + measurable social impact).
• Raven Indigenous Capital Partners: Canadian impact-focused VC fund investing in Indigenous-led ventures. Comparable in mission-driven early-stage investing with measurable social outcomes, though thematically narrower (Indigenous-focused) than ScaleGood's broad impact mandate.
• Obvious Ventures: US-based VC fund backing "world-positive" companies across multiple impact verticals (health, education, sustainability). Closely comparable thesis of profit + measurable impact, with a similar multi-sector approach and pre-seed/seed ticket sizes.
• Builders Vision: Impact-focused investment platform backing mission-driven entrepreneurs. Comparable as a thematic impact investor combining financial capital with measurable social/environmental outcomes at early stages.
• Kapor Capital: US impact VC focused on closing gaps of access, opportunity, and outcome for underrepresented people. Comparable dual-mandate thesis (financial + social impact) at pre-seed/seed with measurable outcomes focus.
• Staircase Ventures: Calgary-based VC that led the $5.2M Ultimarii round alongside ScaleGood. Comparable as a Canadian early-stage VC participating in social impact / AI-enabled deals in the same geography.
• Alpaca VC: Early-stage VC that co-invested with ScaleGood in the Ultimarii round. Comparable as a Canadian early-stage investor in social impact / AI-enabled startups, overlapping in deal flow and check size range.

Broad incumbents

• BDC Capital: Crown corporation VC arm and one of Canada's most active early-stage investors. Comparable as a Canadian early-stage VC with social/cleantech impact funds, though at much larger AUM and broader mandate.
• Real Ventures: Canadian seed-stage VC with a multi-fund platform. Comparable as a Canadian early-stage investor, though not strictly impact-focused; offers a peer benchmark on Canadian micro-VC fund economics.
• Acumen Fund: Global impact investment fund backing entrepreneurs addressing poverty. Comparable dual-mandate VC model with measurable social outcomes, though at significantly larger scale and primarily emerging-market focus.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks1 record

Key highlights6 records

Customer concentration

• Xx.com/scalegoodfund
• LinkedInlinkedin.com/company/scalegood

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments11 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about ScaleGood Fund LP (powered by TELUS)