Phoenix Fire
Phoenix Fire is an angel-stage investment fund under the Archangel Network that deploys equity capital into early-stage Canadian technology companies, with a Health Tech focus. It serves Canadian founders and angel-stage investors seeking diversified exposure.
- Company typePrivate
- Founded-
- HeadquartersToronto, Canada
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Phoenix Fire does
Phoenix Fire is an angel-stage investment fund that applies a systematic, disciplined approach to investing in early-stage Canadian companies, with a stated focus on Health Tech and adjacent technology verticals. It operates as one of four funds within the Archangel Network of Funds, headquartered at 137 Glasgow St., Unit 210, Kitchener, Ontario, alongside its sibling funds Adrenaline, Axion, and StarForge. The firm's remit is capital deployment into Canadian founders developing advanced technology with a clear competitive edge, and it acts as a bridge between portfolio companies and angel-stage investors seeking diversified exposure.
Phoenix Fire generates returns through equity investments in early-stage Canadian companies, primarily in Health Tech. Returns are realized through portfolio company exits, acquisitions, or subsequent funding rounds. The firm does not sell products or services to end customers and does not develop technology of its own; rather, its 'product' is capital and ecosystem access. Its go-to-market motion is anchored in the Archangel Network's deal sourcing and evaluation pipeline, with portfolio announcements distributed through the Archangel website (archangelnetwork.ca/phoenixfire/) and Canadian startup ecosystem channels.
Based on portfolio data, Phoenix Fire has been actively investing since at least 2022, with vintages dated 2022 through 2025 and a confirmed 2026-vintage co-investment in myStoria. Notable holdings include A2O Advanced Materials, Clockwork, HDAX Therapeutics, Learn Experts (multi-vintage follow-on), myStoria, Noa Therapeutics, Rithmik Solutions (multi-vintage follow-on), Splice N Connect, Tenomix, VoxCell Bioinnovation (multi-vintage follow-on), and VodaSafe. The firm has co-invested with institutional leads including Graphite Ventures and Conexus Venture Capital, indicating participation in syndicated rounds rather than solo checks.
Phoenix Fire firmographics
Firmographics- Name
- Phoenix Fire
- Legal name
- Phoenix Fire
- Website
- https://archangelnetwork.ca
- Company type
- Private
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Phoenix Fire is an angel-stage investment fund under the Archangel Network that deploys equity capital into early-stage Canadian technology companies, with a Health Tech focus. It serves Canadian founders and angel-stage investors seeking diversified exposure.
- Ownership category
- akta.pro rank
Phoenix Fire industry classification
Industry- Product category
- Angel-stage Venture Capital
- NAICS
- Other Investment Pools and Funds (5259)
- SIC
- Investment Advice (6282)
- akta.pro primary industry
- Micro-VC & Angel Funds (FSANAAAI)
Keywords
Where Phoenix Fire is headquartered
LocationHeadquarters
- HQ city
- Toronto
- HQ country
- Canada
- HQ region
- North America
Offices1 record
Markets served
Phoenix Fire business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Personnel, Marketing or Sales
Revenue model
- Fund Management and Portfolio Returns: Phoenix Fire generates returns through equity investments in early-stage Canadian companies, primarily in the Health Tech vertical. Returns are realized through portfolio company exits, acquisitions, or subsequent funding rounds.
Distribution channels1 record
Marketing channels1 record
Phoenix Fire product offering
Product offeringCore offering
Phoenix Fire is an angel-stage venture capital fund that deploys equity capital into promising early-stage Canadian companies developing advanced technology with clear competitive edges, with a primary focus on Health Tech. The fund operates as one of four funds within the Archangel Network and participates in seed and early-stage rounds, typically co-investing alongside other Archangel funds and external lead investors such as Graphite Ventures.
Product overview
Phoenix Fire is an investment fund under the Archangel Network, a Canadian venture capital firm. It is not a product or technology company. Phoenix Fire focuses on investing in promising early-stage Canadian companies across technology sectors. As a fund structure, it does not develop, manufacture, or sell products or services.
Differentiator
Problem solved
Functional benefit
Products and services
- Phoenix Fire Fund An angel-stage venture capital fund under the Archangel Network that deploys equity capital into early-stage Canadian technology companies (with focus on Health Tech), typically participating in seed and early-stage rounds alongside lead venture firms and other Archangel funds.
Companies that use Phoenix Fire
Customer profileSegments1 record
Ideal customer profiles2 records
Phoenix Fire technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Phoenix Fire partnerships and signals
Strategic signalScale indicators1 record
Recent moves5 records
Expansion highlights3 records
Phoenix Fire competitors and assessment
Company assessmentMarket position
Competitive moat4 records
Key risks6 records
Key highlights5 records
Customer concentration
Phoenix Fire financial estimates
Financial estimateRevenue estimate
Valuation estimate
Phoenix Fire leadership team
Management profileNumber of profiles
Phoenix Fire funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Phoenix Fire M&A and investment
M&A and investmentM&A
Investments5 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Phoenix Fire
What does Phoenix Fire do?
Phoenix Fire is an angel-stage venture capital fund that deploys equity capital into promising early-stage Canadian companies developing advanced technology with clear competitive edges, with a primary focus on Health Tech. The fund operates as one of four funds within the Archangel Network and participates in seed and early-stage rounds, typically co-investing alongside other Archangel funds and external lead investors such as Graphite Ventures.
Is Phoenix Fire a public or private company?
Phoenix Fire is a private company. It is classified as corporate owned and is currently operating.
When was Phoenix Fire founded?
Phoenix Fire was founded in -1. It employs 11 to 50 people.
Where is Phoenix Fire based?
Phoenix Fire is headquartered in Toronto, Canada, in the North America region.
How does Phoenix Fire make money?
One revenue line is on record: fund Management and Portfolio Returns.
Does Phoenix Fire have an API?
No public API is recorded for Phoenix Fire.
What industry is Phoenix Fire in?
Phoenix Fire's product category is Angel-stage Venture Capital. Its primary akta.pro industry code is FSANAAAI, Micro-VC & Angel Funds. Its NAICS code is 5259 and its SIC code is 6282.