VC firms
LOI Venture is a $20M Pre-Seed Fund focused on backing founders under 30 attending the League of Innovators Accelerator Program. The fund was co-founded by Ryan Holmes and Manny Padda to help accelerate early stage startups in Canada.
In 2017, Ryan Holmes (Co-founder of Hootsuite) founded League of Innovators, a charity with a mission to help accelerate the growth of young entrepreneurs in Canada. To date, the program has graduated 250 businesses with a combined valuation of nearly $1B.
In December 2021, Ryan and fellow board member Manny Padda (Angel Investor/Board Member of League of Innovators) co-founded LOI Venture. The $20M fund, ranging in pre-seed and seed-stage cheques, will be positioned to help accelerate early-stage startups in Canada who enrol in the LOI program.
In 2017, Ryan Holmes (Co-founder of Hootsuite) founded League of Innovators, a charity with a mission to help accelerate the growth of young entrepreneurs in Canada. To date, the program has graduated 250 businesses with a combined valuation of nearly $1B.
In December 2021, Ryan and fellow board member Manny Padda (Angel Investor/Board Member of League of Innovators) co-founded LOI Venture. The $20M fund, ranging in pre-seed and seed-stage cheques, will be positioned to help accelerate early-stage startups in Canada who enrol in the LOI program.
Overview
Employees
1-10
Founded date
2021
Investment Type
Accelerator
Investment Stage
Pre-Seed; Seed; Series A
Mentions in press and media 4
| Date | Title | Description |
| Sign up to see | Sign up to see | Sign up to see |
| Apr 3, 2022 | 💯 Thinkers for hire | Good morning and welcome to the Sunday Briefing. I’m back, and so are in-person events, so I’d like to invite you to join me at The Home Key on April 13 for VTJ Talks: Bootstrapping Startups & Secrets. We’re bringing together the CEOs o... |
| Jan 13, 2022 | Dapper Labs co-founders and Clearco’s Michele Romanow among first LPs in LOI Venture Fund I | LOI Venture, the $20 million pre-seed fund launched this past December by Ryan Holmes and Manny Padda, has announced the first close of its fund, LOI Venture Fund I. The fund’s slate of limited partners (investors), which have so far commit... |
| Dec 13, 2021 | Ryan Holmes and Manny Padda launch new $20M fund for young founders, LOI Venture | Ryan Holmes “In 2017, I launched League of Innovators because there was a shortage of mentorship for young entrepreneurs,” shared Hootsuite founder Ryan Holmes on LinkedIn this morning. He also revealed the thesis for his next big endeavour... |
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FAQ about LOI Venture
When was LOI Venture founded?
LOI Venture was founded in 2021.
What has the press written about LOI Venture?
Parsers VC has collected 4 articles mentioning LOI Venture, among them “💯 Thinkers for hire” (Apr 3, 2022) and “Dapper Labs co-founders and Clearco’s Michele Romanow among first LPs in LOI Venture Fund I” (Jan 13, 2022).
Is LOI Venture still active?
Yes, LOI Venture is active; its latest activity on Parsers VC dates from Apr 3, 2022.