Panache Ventures

Panache Ventures is a Canadian early-stage venture capital firm that focuses on pre-seed and seed investments in technology startups. Founded in 2018, it maintains an office network across Montreal, Calgary, Vancouver, Toronto, and San Francisco. The firm backs companies in artificial intelligence, cybersecurity, blockchain, virtual reality, enterprise software and data analytics, fintech, digital health, B2B software, consumer tech, property technology, and supply chain, among other technology-driven sectors. Panache seeks to support ambitious startups with potential for scale, emphasizing opportunities in Canada while enabling cross-border activity into the United States.

Mike Cegelski

Founder, Chairman and Managing Partner

Domenic Del Vecchio

Associate

Timothy Kwok

Analyst

Nadia Lachman

Analyst

Scott Loong

Partner

Past deals in Quebec

Livescale

Seed Round in 2021
Livescale is a live shopping solution based in Montreal, Canada, founded by Virgile Ollivier. The company offers a platform that enables brands to enhance audience engagement and sales conversion through immersive shoppable live video experiences. By providing a fully-customized, brand-owned environment, Livescale allows businesses to create awareness and foster community among their customers. Its unique technology includes integrated checkout features and comprehensive client resources, making it a distinctive player in the global market. Livescale aims to optimize revenues, expand market reach, and strengthen client relationships for e-commerce businesses through its innovative approach to live shopping.

Qohash

Series A in 2021
Qohash is a data security company that offers a threat detection and data protection platform known as Qostodian. The platform provides discovery, integrity assurance, detection, and reporting to protect data assets and support governance. It enables insider risk monitoring with alerts on risky employee behavior, including potential data exfiltration, and includes entitlement reviews, export of access control lists, and endpoint monitoring to support compliance across regulated environments. The solution consolidates core data security capabilities to give information security and compliance teams visibility, control, and reporting over digital assets. Its customers span roles such as chief information officers, chief information security officers, system administrators, auditors, risk advisors, and security analysts. Founded in 2018 and based in Quebec City, Canada, Qohash focuses on helping organizations quantify risk, prevent data breaches, and maintain trust in data assets.

Flinks

Series A in 2020
Flinks is a data company that develops a financial data aggregation platform to connect users' bank accounts with mobile apps, validate account ownership, verify balances, and access transaction history. Through hosted APIs, it enables businesses to test and integrate its solutions, connect financial accounts, and enrich data to power products while emphasizing secure handling of sensitive information and compliance. Founded in 2016 and based in Montreal, Flinks serves clients by helping them link users’ financial data to deliver improved services and user experiences.

InVivo AI

Pre Seed Round in 2019
InVivo AI is a Montreal-based company founded in 2017 that specializes in leveraging artificial intelligence to enhance pharmaceutical research and development, with a particular focus on preclinical toxicology. The company has developed advanced AI methods for molecular representation, structure and ligand-based de novo design, and multiparameter optimization, enabling the creation of novel chemistry to address complex biological challenges.

StreamingFast

Seed Round in 2019
StreamingFast develops highly scalable open-source software for processing and indexing blockchain data. Established by experienced tech entrepreneurs, the company specializes in large-scale data science.

Livescale

Pre Seed Round in 2019
Livescale is a live shopping solution based in Montreal, Canada, founded by Virgile Ollivier. The company offers a platform that enables brands to enhance audience engagement and sales conversion through immersive shoppable live video experiences. By providing a fully-customized, brand-owned environment, Livescale allows businesses to create awareness and foster community among their customers. Its unique technology includes integrated checkout features and comprehensive client resources, making it a distinctive player in the global market. Livescale aims to optimize revenues, expand market reach, and strengthen client relationships for e-commerce businesses through its innovative approach to live shopping.

Qohash

Seed Round in 2019
Qohash is a data security company that offers a threat detection and data protection platform known as Qostodian. The platform provides discovery, integrity assurance, detection, and reporting to protect data assets and support governance. It enables insider risk monitoring with alerts on risky employee behavior, including potential data exfiltration, and includes entitlement reviews, export of access control lists, and endpoint monitoring to support compliance across regulated environments. The solution consolidates core data security capabilities to give information security and compliance teams visibility, control, and reporting over digital assets. Its customers span roles such as chief information officers, chief information security officers, system administrators, auditors, risk advisors, and security analysts. Founded in 2018 and based in Quebec City, Canada, Qohash focuses on helping organizations quantify risk, prevent data breaches, and maintain trust in data assets.

Audible Reality

Seed Round in 2018
Audible Reality Inc. is a Montreal-based company founded in 2015 that specializes in developing artificial intelligence-driven three-dimensional (3D) audio solutions. The company focuses on creating immersive audio experiences by utilizing proprietary technology that processes sound through multiple channels, effectively replacing traditional stereo audio with a dynamic and personalized format. Audible Reality's innovative approach caters to the evolving needs of audio consumers and creators across streaming, mobile, and consumer device markets. Additionally, the company offers the Audible Reality Player, a device that integrates its software to provide customized audio solutions tailored to individual user preferences.

Flinks

Seed Round in 2018
Flinks is a data company that develops a financial data aggregation platform to connect users' bank accounts with mobile apps, validate account ownership, verify balances, and access transaction history. Through hosted APIs, it enables businesses to test and integrate its solutions, connect financial accounts, and enrich data to power products while emphasizing secure handling of sensitive information and compliance. Founded in 2016 and based in Montreal, Flinks serves clients by helping them link users’ financial data to deliver improved services and user experiences.

Lexop

Pre Seed Round in 2018
Lexop is a Montreal-based provider of digital payments and debt-collection software that automates outreach and communications across multiple accounts to improve collection rates and cash flow. Its platform enables real-time tracking and analytics, using behavioral data to optimize campaigns and reduce delinquency. In addition to collections, Lexop offers tools for electronic service of legal documents, secure document sharing, and electronic signatures, supporting law firms, property managers, landlords, and tenants in managing notices and related administrative tasks efficiently.

Lotus Medical

Lotus Medical Inc. is a Montreal-based company founded in 2019 that specializes in designing and developing healthcare software solutions. The company aims to set a new standard in omnichannel public healthcare services, focusing on delivering high-quality care for patients, healthcare professionals, and government entities. By leveraging technology and artificial intelligence, Lotus Medical provides infrastructure and clinic spaces equipped with advanced features such as ultraviolet air filtration and thorough exam room sterilization between patient visits. Additionally, they supply personal protective equipment to ensure that medical practitioners are well-prepared to offer safe and effective care. Through its innovative strategies and digital tools, Lotus Medical seeks to create a healthcare system that is both efficient and accessible.
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