Georgian
About Georgian
Growth-stage investor; led Replit's Series D.
Georgian was founded in 2008 in Toronto by Justin LaFayette, Simon Chong and John Berton. It was formerly called Georgian Partners. BetaKit reports that it initially focused on applied analytics software and later moved toward artificial intelligence. Fund sizes reported in the press: Fund I closed at $70M in 2010, Fund II at CAD 200M in 2015, and Fund IV at US$550M (about CAD 715M) in 2018. BetaKit reported Fund V at US$850M (CAD 1.1B), described as the first Canadian venture fund above CAD 1B. Georgian's site says it now invests from its sixth flagship growth fund. I did not find a public size for that fund. Margaret Wu is a Lead Investor at Georgian and was quoted on its AI investments. The firm also runs an in-house AI Lab of ML engineers and scientists who work with portfolio companies on production AI.
Georgian describes itself as a growth equity firm investing in B2B software across the AI technology stack. That covers infrastructure, applications, cybersecurity and developer tools. Beyond capital, it offers applied AI research and embedded engineers from its AI Lab. It also publishes an AI Landscape research series. For earlier checks into emerging technologies or markets, it uses a category it calls "Pathfinder" deals. It described its seed investment in Dominion Dynamics, a defense tech company, as one of these.
Georgian's site says its initial investments target $25M or more, with follow-on potential. Its main focus is growth rounds, and it usually leads or co-leads. An investor database, F4, lists typical checks of $20M to $75M. That figure is not from Georgian, so treat it as an estimate. Pathfinder deals are earlier and smaller, such as the CAD 21M Dominion Dynamics seed round.
- Replit: AI-powered software creation platform. Georgian first invested in its Series C in Q3 2025, before leading the March 2026 Series D.
- Supabase: backend and database platform for developers. Georgian joined the $500M Series F at a $10B pre-money valuation, which GIC led.
- Dominion Dynamics: Arctic sensing network for military and civilian use. Georgian led the CAD 21M (US$15M) seed round in January 2026, then led the CAD 139M (US$100M) Series A in June 2026.
- Render: Georgian led its $100M Series C extension in February 2026, according to F4.
- PolyAI: Georgian co-led its $86M Series D in December 2025, according to F4.
- georgian.io/?analytic_post=overview
- georgian.io/posts/why-georgian-invested-in-dominion-dynamics
- betakit.com/georgian-partners-raises-first-canadian-venture-fund-value
- venturecapitaljournal.com/georgian-partners-closes-fourth-tech-fund-at
- privatecapitaljournal.com/georgian-partners-growth-fund-iv-closes-at-u
- prnewswire.com/news-releases/georgian-leads-400m-series-d-investment-i
- f4.fund/firms/georgian
- linkedin.com/in/christen-daniels
Investing activity
Georgian appears in 2 AI deals tracked by the AI Lounge deals desk, rounds totalling $515M, and led 1 of them. The rounds are mostly Series F and Seed, with a median round size of $500M. The most recent are Supabase (Series F, $500M, Jul 2026) and Dominion Dynamics (Seed, $15.1M (CAD 21.0M), Jan 2026).
Georgian most often invests alongside Craft Ventures, Accel, Felicis and Coatue, and the companies it backs on AI Lounge are mostly in Developer platform / databases and AI.
Deals
Frequently asked questions about Georgian
When was Georgian founded and by whom?
Georgian was founded in Toronto in 2008 by Justin LaFayette, Simon Chong and John Berton. It was previously called Georgian Partners.
What stage and check size does Georgian invest at?
Georgian's site says its initial investments target $25M or more, with follow-on potential. It focuses on growth rounds, and it has also made earlier Pathfinder seed investments such as Dominion Dynamics.
How large are Georgian's funds?
Press reports put Fund IV at US$550M (2018) and Fund V at US$850M. Georgian says it now invests from its sixth flagship fund, but I did not find a public size for it.
Does Georgian invest in AI startups?
Yes. It backs B2B software companies across the AI stack, including Replit, Supabase and Dominion Dynamics. It also has an in-house AI Lab that works with portfolio companies.
Who should AI founders contact at Georgian?
Margaret Wu, a Lead Investor, led the Replit investment. Georgian's site and LinkedIn page are the best places to check current contacts.
What AI companies has Georgian invested in?
Georgian's AI investments include Supabase and Dominion Dynamics. The 2 rounds on AI Lounge are listed on this page with amounts, dates and co-investors.
Where is Georgian based?
Georgian is based in Toronto, Canada.
What stage does Georgian invest at?
In the rounds tracked on AI Lounge, Georgian has invested at Series F and Seed, with a median round of $500M. Georgian led 1 of those rounds.
Who does Georgian co-invest with?
Georgian's most frequent co-investors on AI Lounge are Craft Ventures (1 deal), Accel (1 deal), Felicis (1 deal), Coatue (1 deal) and Y Combinator (1 deal).
How can founders reach Georgian?
Founders on AI Lounge can see Georgian's contact details in AI Investor Contacts (paid plans), check for a warm introduction through members who worked with the firm under Warm Paths, and add Georgian to their Investor Pipeline to track the conversation.