Upper Canada Ventures

Graham Matthews, the founder and sole principal, makes all investment decisions. Matthews established the firm in 2006 after serving as a General Partner at VenGrowth Private Equity Partners and Vice-President of Investments at Working Ventures, where he was directly involved in over $190 million of venture capital deployment (per firm website, 2006).

The firm sources opportunities through Matthews' personal network built over 19 years in Canadian private equity. There is no disclosed institutional origination platform or LP base. His origination is complemented by his contract CFO work, which can surface early-stage companies seeking both operational and financial support.

Upper Canada Ventures invests the principal's own capital and does not disclose raising external funds. The firm does not market a commingled fund vehicle. Its investment holdings include direct equity positions and limited partnership interests, but no information on external investors is provided (per firm website, 2006).

The firm focuses on early-stage businesses, specifically startups and early venture-stage companies in technology and service sectors. Matthews' track record includes founding-stage involvement, such as co-founding Q9 Networks, and later-stage CFO support for operating companies like Peraso Technologies and evandtec.

Upper Canada Ventures is structured as a personal investment and advisory practice, not an institutional fund. Matthews personally commits capital and simultaneously serves as a fractional CFO to investee companies, blending principal investing with financial stewardship — a model that imposes no fund-life restrictions but limits capacity to his individual bandwidth.