# Raiven Capital

Raiven Capital is a Private Equity based in Toronto, Canada.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** Toronto, Canada
- **Region:** North America
- **Address:** Toronto, Canada
- **Founded:** 2018
- **Assets under management:** Undisclosed
- **Website:** www.raivencapital.com
- **LinkedIn:** https://www.linkedin.com/company/raivencapital

## Regulatory record

- **Reports private funds:** No

## About

Raiven Capital is a venture fund founded in 2018 in Toronto, Canada. It invests in early-stage startups across sectors such as cybersecurity, finance, and health. Raiven Capital's portfolio includes companies that utilize AI and IoT technologies to enhance efficiencies and address sustainability and financial inclusion challenges.

## Sectors

- AI/ML
- IoT
- ClimateTech
- PropTech
- FinTech
- Cybersecurity
- AgriTech & FoodTech
- Enterprise Software
- Mobility & Transportation
- Media & Entertainment
- SaaS
- Edge Computing

## Offices

- Silicon Valley, United States
- Dubai, United Arab Emirates

## People

- Supreet Manchanda — Founding General Partner
- Paul Dugsin — Founding General Partner

## Questions

### Who runs investment decisions at Raiven Capital?

Founding general partners Supreet Manchanda and Paul Dugsin lead deal sourcing, due diligence, and portfolio management. Manchanda operates primarily from Silicon Valley and Dubai, while Dugsin manages relationships from Toronto and Dubai. Two additional general-partner-level hires joined after 2020, and a network of venture partners provides specialist coverage in medtech, cybersecurity, and restructuring.

### How is Raiven Capital's fund structure organized?

The firm runs three fund vehicles. Fund A was a 2020–2021 global technology fund raised predominantly in Silicon Valley and Canada. Fund B is a $125M early-stage technology fund raised out of the Dubai International Financial Centre, open to investors in 2025. Fund C is a climate-tech fund anchored by Frog Lake First Nation, also open in 2025, with a mandate spanning North America.

### Does Raiven participate in direct investments or fund-of-fund commitments?

Raiven Capital makes direct early-stage equity investments. The firm provides patient capital with operator-led support, and has publicly confirmed direct stakes in Trilio, Wayout, Vertical Harvest, Pratexo, Shopistry, Scopio, KnowWake, and Elevated Signals. The firm has not disclosed fund-of-fund commitments.

### Which sectors does Raiven explicitly target?

Raiven focuses on operational AI, IoT, augmented humanity, and climate infrastructure. Portfolio tagging across its funds covers AI/ML, cybersecurity, prop-tech, agri-tech, water-tech, fintech, edge computing, e-commerce, marine navigation, and climate resilience.

### How did Raiven launch its climate-tech fund?

Fund C was launched in 2025 with Frog Lake First Nation as the anchor investor, creating a structure that embeds community-aligned capital into a venture fund. The vehicle operates from Silicon Valley and Canada and explicitly targets scalable climate-tech companies.

### How does Raiven think about valuation and de-risking early-stage bets?

Raiven explores valuation through what it calls the alchemy process — a combination of founder grit assessment, supply-chain and go-to-market engineering, and ecosystem matching. The partnership publishes detailed white papers on startup valuation and AI governance that inform its underwriting approach.

## Related profiles

- [Raisol Capital](https://altss.com/profile/raisol-capital)
- [RAI Wealth Management](https://altss.com/profile/rai-wealth-management)

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Last updated: 2026-06-03T20:00:00.000Z

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