# Scale Up Ventures

Scale Up Ventures is a Venture Capital based in Toronto, Canada.

## Overview

- **Organization type:** Venture Capital
- **Headquarters:** Toronto, Canada
- **Region:** North America
- **Address:** 59 Hayden Street, Suite 320, Toronto, Ontario M4Y 0E7 Canada
- **Founded:** 2016
- **Assets under management:** Undisclosed
- **Website:** suv.vc
- **LinkedIn:** https://www.linkedin.com/company/scaleup-ventures

## Regulatory record

- **Reports private funds:** No

## About

Scale-Up Ventures is the venture capital fund of Endeavor Brasil. It is designed to passively co-invest in high-impact and hypergrowth companies. It is founded, financed, and curated by the Endeavor Network. It ranks among the most active funds in Latin America according to CBInsights.

## Sectors

- Enterprise Software
- AI/ML

## People

- Kent Thexton — General Partner
- Kevin Kimsa — General Partner

## Questions

### How is Scale Up Ventures structured — as a typical venture firm or something different?

Scale Up is an early-stage venture firm structured around a single fund, but its limited partner base sets it apart: the Government of Ontario anchors the fund with a $25 million commitment, sitting alongside a consortium of Canadian corporations. The LP mix gives portfolio companies direct corporate distribution and commercial validation paths that a conventional financial-only fund lacks.

### Does Scale Up Ventures participate in fund commitments or only direct deals?

Scale Up invests directly into startups, primarily leading or co-leading seed rounds and participating in subsequent Series A and B rounds. The firm led Dooly's $2 million seed in 2018 and has maintained positions into later rounds, but there is no public evidence that it commits to other venture funds as a limited partner.

### What investment stages does Scale Up Ventures typically target?

The firm focuses on seed and Series A rounds in Canadian enterprise technology companies. It often leads the earliest institutional round — as it did with Dooly.ai — and then follows its portfolio companies into later-stage financings led by larger US and global funds, such as Insight Partners' and Tiger Global's rounds for Rewind and Nylas.

### How is the Government of Ontario involved in Scale Up Ventures?

The Government of Ontario committed up to $25 million to Scale Up's first fund in April 2015, a year before the fund formally launched under General Partners. The investment was part of a broader provincial policy to leverage private-sector capital and networks to help Canadian startups scale domestically rather than relocate.

## Related profiles

- [Sage Management](https://altss.com/profile/sage-management)
- [Silicon Valley Syndicate Club](https://altss.com/profile/silicon-valley-syndicate-club)

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Last updated: 2026-08-11T15:08:04.536Z

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