# Redbrick Technologies

Redbrick Technologies is a Software holding company based in Victoria, Canada.

## Overview

- **Organization type:** Software holding company
- **Headquarters:** Victoria, Canada
- **Region:** North America
- **Address:** Victoria, BC, Canada
- **Founded:** 2008
- **Assets under management:** Undisclosed
- **Website:** rdbrck.com
- **LinkedIn:** https://www.linkedin.com/company/redbrick-technologies

## Regulatory record

- **Reports private funds:** No

## About

Redbrick Technologies launched in 2011 as the private investment vehicle for Shopify founder Tobias Lütke and operator Rian Gauvreau, deploying capital generated from Shopify's rise into a concentrated portfolio of technology companies. The firm operates with a permanent-capital base, eschewing outside limited partners and standard fund lifecycles, which allows it to hold positions through market cycles without redemption pressure. Redbrick invests across stages, from early venture to growth equity, primarily targeting enterprise software, fintech, and digital health. The portfolio includes known positions in Wealthsimple, the Canadian digital wealth manager, and Clio, the legal practice management platform. It also backed North, the smart-glasses maker acquired by Google in 2020. Geographic focus centers on Canada, with selective exposure to US and European technology companies. Rian Gauvreau leads investment decisions and portfolio management. The firm is closely associated with Lütke's broader ecosystem, which includes philanthropic commitments through the Lütke Family Foundation. May 2024: Redbrick participated in Clio's $900 million Series F raise at a $3 billion valuation, the largest software funding round in Canadian history (per The Globe and Mail, 2024). Redbrick’s structural differentiator is its permanent-capital architecture tied to a single liquidity event, creating an investment horizon unconstrained by traditional fund durations. This allows the firm to support portfolio companies across multiple funding rounds without mandating early exits, functioning more like a proprietary holding company than a conventional venture fund.

## Sectors

- Enterprise Software
- FinTech
- AI/ML
- Digital Health
- ClimateTech

## People

- Tobias Lütke — Chairman
- Rian Gauvreau — Lead Investor, Portfolio Manager

## Questions

### Who runs investment decisions at Redbrick?

Rian Gauvreau serves as Lead Investor and Portfolio Manager, overseeing day-to-day deal sourcing and portfolio management. Tobias Lütke holds the Chairman role and is actively involved in strategic direction, but Gauvreau is the primary investment decision-maker.

### Does Redbrick participate in fund commitments or only direct deals?

Redbrick primarily executes direct equity and convertible note investments. The firm has not publicly disclosed significant fund-of-fund commitments, instead concentrating capital in a relatively small number of direct company positions where Lütke and Gauvreau can add operational value.

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Last updated: 2026-07-09T00:04:17.919Z

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