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Ripple Ventures
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🌊 Ripple Ventures is an early stage venture fund in Toronto 🇨🇦linktr.ee/rippleventures
717 Following 1.8K Followers 821 Posts
Latest posts 5
In December 2022, fusion had its breakthrough moment.
For the first time in history, a lab experiment produced more energy from fusion than it took to start it.
Overnight, capital started pouring into the "holy grail of energy," and all eyes turned to the reactors.
But you can't stick a thermometer in a plasma hotter than the sun. To know if a reactor is working, you need specialized instruments called plasma diagnostics.
After 4.5 years at @GeneralFusion Henry Gould realised that almost every fusion company had to build their measurement tools from scratch, one machine at a time.
So he started Daedal Systems to build standardized, industrial-grade plasma measurement systems that give the whole industry faster, better data.
Today, Daedal announced its $4M pre-seed round, and we're proud to back Henry alongside @OMERSVentures.
Catch the full story on this week's episode of Tank Talks.
For the first time in history, a lab experiment produced more energy from fusion than it took to start it.
Overnight, capital started pouring into the "holy grail of energy," and all eyes turned to the reactors.
But you can't stick a thermometer in a plasma hotter than the sun. To know if a reactor is working, you need specialized instruments called plasma diagnostics.
After 4.5 years at @GeneralFusion Henry Gould realised that almost every fusion company had to build their measurement tools from scratch, one machine at a time.
So he started Daedal Systems to build standardized, industrial-grade plasma measurement systems that give the whole industry faster, better data.
Today, Daedal announced its $4M pre-seed round, and we're proud to back Henry alongside @OMERSVentures.
Catch the full story on this week's episode of Tank Talks.
This startup just raised $4M to build game-changing technology for the nuclear industry.
As a teenager, Henry Gould watched a 2014 TED Talk by @GeneralFusion founder Michel Laberge.
Years later, he became an engineer, then physics lead, at General Fusion, one of the oldest fusion companies in the world, backed by @JeffBezos.
Now he’s left to build Daedal Systems where they are providing the measurement infrastructure for the entire fusion industry.
Daedal is on a journey to transform the nuclear industry, and today, @ripple_ventures is proud to announce that we’re backing Henry in Daedal’s pre-seed, alongside @OMERSVentures .
Hear more about Daedal from Henry himself on this week’s episode of Tank Talks, where we cover:
- Henry’s experience working at General Fusion
- The history and current state of the “Holy Grail of Energy”
- The moment in 2022 that changed the trajectory of the fusion industry
- The 18-month bottleneck that fusion companies have to face
- The one thing every fusion company is missing that Daedal is building
Bookmark this episode for a comprehensive overview of the fusion industry and a first look into the company that is redefining the frontier.
links below.View quoted post on X
Today, we are announcing our Fund IV.
In 2018, we started Ripple Ventures with a simple thesis:
Back the most ambitious founders we could find, in the markets that move GDP.
Whilst our world has evolved, our role has not.
With this new wave of technologies, our portfolio already spans across frontier industries such as defence, biotech, and nuclear discovery.
The next decade of frontier companies are being started today, and we are here to back the founders building them.
Read our full blog post in the comments below:
In 2018, we started Ripple Ventures with a simple thesis:
Back the most ambitious founders we could find, in the markets that move GDP.
Whilst our world has evolved, our role has not.
With this new wave of technologies, our portfolio already spans across frontier industries such as defence, biotech, and nuclear discovery.
The next decade of frontier companies are being started today, and we are here to back the founders building them.
Read our full blog post in the comments below:
Eight years ago I started @ripple_ventures with a simple thesis: back the most ambitious founders we could find, in the markets that move GDP.
Today @_dominiclau and I are announcing that Fund IV is live, anchored by Northleaf Capital Partners, @RBC / @rbcx , and one of Canada's largest private conglomerates. We have completed our first close and already have ten companies in the portfolio.
Our world has changed a lot since 2018, but our role as a VC has not. What has changed is where that ambition is showing up. It is no longer in IT budgets, but in rocket launch, air defence systems, critical minerals exploration, biology labs, and the manual back-office workflows nobody wants to do by hand. These are the markets that decide what a country owns next.
Three things are guiding this fund:
- Following the brightest founders into the most ambitious things being built.
- Investing with conviction in the earliest stages (pre-product and pre-traction).
- Supporting sovereign capabilities with frontier technologies.
Welcoming the newest portfolio companies out of this fund:
@CanadaRocket Company (sovereign launch capability)
@NV_Dynamics (full-stack air defence systems)
Terranox AI (AI uranium exploration)
Daedal Systems (diagnostics for fusion reactors)
Valen (AI to improve drugs)
Green Abundance (plant engineering)
@urunml (infrastructure for the interactive era)
Silmo (AI for the back office)
Blackletter (building a new type of law firm)
Asset (embedded AI accounting)
To the founders we have not met yet: if you are building with this level of ambition, we'd love to partner with you. Come find us early, that is when we are most useful.
Watch the launch video and read our full article below.
cc: @katiekola_smile @okayjay70View quoted post on X
WHAT A NIGHT.🎄
Thank you to everyone who joined us for our annual holiday party!
There’s nothing better than being in a room full of early-stage founders and operators who’ve spent the year sprinting, shipping, breaking things, learning, and re-imagining the future.
For one night, we all slowed down, shared drinks, laughed way too hard, and celebrated the people who make this community what it is. Congrats again to our award winners, you all continually inspire us: ✨
Most Active Tank Member: Mike Kim (Mycroft)
Fastest Growing Company: @MattEspoz & @theRyanKaufman (@CloverLabsCo)
Most Punctual Updates: @ReamBraden (@voiceflow)
Most Intro Requests: Nauman Hafeez & Eli Costea (NetNow)
Night Owl Texter: @jennaearnshaw (@Wisedocsai)
Most Tenacious Founder: @katibmoe (@picahq)
Most Valuable Venture Partner: Rahul Parmar
Most Co-op Jobs Created: Shiva Bhardwaj (Pitstop)
Huge appreciation to our partners — @FaskenLaw, Kraft Berger LLP, Singer Steinberg, Linkus Group, @caylentinc, and @DoiT — for their continuous support and helping us bring the night to life.
Here’s to ending the year on a high, and to everything we’ll build together in 2026. Grateful for our community and the splashes we're making. 🌊
Thank you to everyone who joined us for our annual holiday party!
There’s nothing better than being in a room full of early-stage founders and operators who’ve spent the year sprinting, shipping, breaking things, learning, and re-imagining the future.
For one night, we all slowed down, shared drinks, laughed way too hard, and celebrated the people who make this community what it is. Congrats again to our award winners, you all continually inspire us: ✨
Most Active Tank Member: Mike Kim (Mycroft)
Fastest Growing Company: @MattEspoz & @theRyanKaufman (@CloverLabsCo)
Most Punctual Updates: @ReamBraden (@voiceflow)
Most Intro Requests: Nauman Hafeez & Eli Costea (NetNow)
Night Owl Texter: @jennaearnshaw (@Wisedocsai)
Most Tenacious Founder: @katibmoe (@picahq)
Most Valuable Venture Partner: Rahul Parmar
Most Co-op Jobs Created: Shiva Bhardwaj (Pitstop)
Huge appreciation to our partners — @FaskenLaw, Kraft Berger LLP, Singer Steinberg, Linkus Group, @caylentinc, and @DoiT — for their continuous support and helping us bring the night to life.
Here’s to ending the year on a high, and to everything we’ll build together in 2026. Grateful for our community and the splashes we're making. 🌊
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Excited to congratulate our portfolio company Mycroft on closing a $3.5M USD seed round led by @LugeCapital, with participation from @BrightsparkVC, Graphite Ventures, and others!
We first got introduced to Mycroft through one of our existing portfolio founders, @jennaearnshaw from @Wisedocsai. She insisted we had to meet this incredible founder, Mike Kim, whom she had previously worked with at @partnerstack she was already using his new product at Wisedocs.
After just a few meetings, we were convinced Mike was the founder to bet on, and we proudly led their pre-seed round.
At Ripple Ventures, we love leaning in early and getting our hands dirty to support exceptional teams. We’re thrilled to have helped connect Mycroft with the lead investors for this latest round and can’t wait to see them continue simplifying security and compliance for startups with their agentic AI platform.
Read more about it here: betakit.com/mycroft-nabs-3…
We first got introduced to Mycroft through one of our existing portfolio founders, @jennaearnshaw from @Wisedocsai. She insisted we had to meet this incredible founder, Mike Kim, whom she had previously worked with at @partnerstack she was already using his new product at Wisedocs.
After just a few meetings, we were convinced Mike was the founder to bet on, and we proudly led their pre-seed round.
At Ripple Ventures, we love leaning in early and getting our hands dirty to support exceptional teams. We’re thrilled to have helped connect Mycroft with the lead investors for this latest round and can’t wait to see them continue simplifying security and compliance for startups with their agentic AI platform.
Read more about it here: betakit.com/mycroft-nabs-3…
betakit.com Mycroft raises $3.5 million USD to deliver “Goldilocks” security for startups | BetaKit Ex-PartnerStack leaders want to give SaaS companies enterprise-grade security without the overhead. Kicking off our Wave Hello 👋 series with Mike Kim, Founder of Mycroft.
I got to sit down with Mike and put this video together — and behind the scenes, he’s exactly the kind of founder you want to root for: enthusiastic, kind & deeply knowledgeable about security.View quoted post on X
