Relay Ventures
Relay Ventures is an early-stage venture capital firm founded in 2008 and based in Toronto, Canada, with additional offices in Calgary and San Francisco. The firm focuses on investing in software for mobile devices and the connected Internet, targeting passionate entrepreneurs who are creating innovative mobile-first and AI-powered technologies. Relay Ventures operates a concentrated seed-stage model, investing between $100,000 and $5,000,000, with a preference for around $3,000,000. The firm has raised over $800 million in capital and has invested in more than 70 companies, achieving success
Investing activity
Relay Ventures appears in 1 AI deal tracked by the AI Lounge deals desk. The rounds are mostly Seed, with a median round size of $5M. The most recent is Mave (Seed, $5M, Jan 2026).
Relay Ventures most often invests alongside Alate Partners, N49P, Clarim Ventures and Staircase Ventures, and the companies it backs on AI Lounge are mostly in AI.
Deals
Frequently asked questions about Relay Ventures
What AI companies has Relay Ventures invested in?
Relay Ventures's AI investments include Mave. The 1 round on AI Lounge are listed on this page with amounts, dates and co-investors.
Where is Relay Ventures based?
Relay Ventures is based in Toronto, Ontario, Canada.
What stage does Relay Ventures invest at?
In the rounds tracked on AI Lounge, Relay Ventures has invested at Seed, with a median round of $5M.
Who does Relay Ventures co-invest with?
Relay Ventures's most frequent co-investors on AI Lounge are Alate Partners (1 deal), N49P (1 deal), Clarim Ventures (1 deal) and Staircase Ventures (1 deal).
How can founders reach Relay Ventures?
Founders on AI Lounge can see Relay Ventures'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 Relay Ventures to their Investor Pipeline to track the conversation.