Investing in deep tech in Toronto

For two years now, I have been involved in the startup scene in Toronto, centred around but not limited to Creative Destruction Lab (CDL). Toronto, together with Waterloo is an amazing technology hub, which is super successful in AI but also other deep tech endeavours, ranging material science to biotechnology.

My experience as a mentor at CDL is so far amazing, and I remain humbled to be in such an impressive group of advisors. CDL is unique in its approach: Minimizing the time it takes up from founders and maximizing value add by bringing them together with a broad range of experienced entrepreneurs, scientist and investors. CDL gives startups regular exposure to the most prominent VCs from Silicon Valley including Data Collective, Highland Capital, Khosla Ventures and Google Ventures.

After two years now, I am surprised that I have invested in approximately 12 early stage tech startups in the AI and deep tech space. This contrasts strongly with the number of investments in Europe: Where I invested, it was purely because I believed in exceptional founders.The founders I work in Canada with are absolutely stellar. Being sector agnostic helps: My sectors include now health, industrial, infrastructure. Being able to share my experience in hyper-competitive markets, working with venture capital, scaling sales, growing internationally, while at the same time learning from a group of amazing entrepreneurs is very rewarding. What is more, I believe that the returns of these investments will be very good. Early stage investing is always risky, but at least half of my very young early-stage companies already have received follow-on investments from much larger funds, a very good indicator for me.

(above: view from Toronto’s Billy Bishop Airport, returning from a day trip to Montréal.)