Excelsior.vc

Excelsior.vc

Excelsior.vc is a Canada-based venture capital firm that invests in fast-growing AI software companies. The firm is industry agnostic within the AI software focus, investing across fintech, deep tech, platform tech, and no-code tech. Excelsior.vc invests at the pre-seed and seed stages, with follow-on investments in Series A financing rounds. The firm does not invest at the idea stage or pre-revenue stage, and only invests in startups based in Canada. Excelsior.vc partners with visionary entrepreneurs solving complex problems using artificial intelligence, machine learning, and other emerging technologies. Its investment process begins with founders submitting a deck through the firm's website, followed by review, due diligence, customer and reference checks, term negotiation, and funding. The process can take as little as one month to three or four months, with ongoing relationships lasting five to ten years or longer. Excelsior.vc's portfolio includes investments previously made and led by its founder at Sprout Fund and Sprout Fund II, as well as on his own. Mark Benning is the Founder and Managing Partner, bringing 20 years of experience as a founder and CEO of four investor-backed software startups in Silicon Valley, and prior experience as a general partner with Sprout Fund and Sprout Fund II.