A list of 13 active Saskatchewan investors backing tech, agtech, and cleantech startups in 2026. Covers VCs, government funds, angel networks, and accelerators in Saskatoon and Regina - with recent deals, check sizes, sector focus, and contact details for each.
Saskatchewan's investor pool is smaller than Ontario's, but it's more focused than you'd expect for a province of 1.2 million people.
The province has quietly built a layered funding stack over the past decade. Conexus Venture Capital runs $60M across two funds and closed its second $30M fund in December 2025. Government programs like STSI have helped Saskatchewan startups raise $90M+ in private investment since 2018, and PrairiesCan put $7.9M into the tech ecosystem in 2026 alone.
Agtech and cleantech are the standout verticals here. Innovation Place in Saskatoon is one of Canada's largest research parks, and the province actively subsidizes investors who back eligible tech startups through a 45% tax credit. That changes the risk calculus for angels.
The community is tight. Saskatoon and Regina combined have fewer than 500,000 people, so your reputation travels fast. Before you start reaching out, have your pitch deck organized and your story straight. You won't get many second chances with a fund manager who already heard a garbled version from another founder.
Saskatchewan investors at a glance
| Stage | Check | Sectors | Contact | |
|---|---|---|---|---|
| Conexus Venture Capital | Pre-seed, Seed | $250K-$2M | Tech, agtech, SaaS | conexusventurecapital.ca |
| Westcap Mgt. Ltd. | Growth, PE | $1M+ | Diversified, SME | westcapmgt.ca |
| Golden Opportunities Fund | Seed, Early | $250K-$2M | Diversified SK sectors | goldenopportunities.ca |
| SaskWorks / PFM Capital | Growth, SME | $500K+ | Industrial, diversified | pfm.ca |
| Startup TNT | Pre-seed | $100K-$250K | Agtech, tech, cleantech | startuptnt.com |
| Innovation Saskatchewan | Pre-seed, Seed | $100K-$500K | Agtech, cleantech, ICT | innovationsask.ca |
| BDC Capital | Seed to Growth | $500K-$10M+ | Cleantech, SaaS, AI | bdc.ca |
| Co.Labs | Pre-seed | $25K-$100K | Tech, agtech, SaaS | co-labs.ca |
| Cultivator (Conexus) | Pre-seed, Seed | $25K-$150K | Agtech, food tech | cultivator.ca |
| PrairiesCan | Seed, Growth | $100K-$2M | Diversified, innovation | canada.ca/prairies |
| RBCx | Seed, Growth | Venture debt | Tech, life sciences | rbcx.com |
| Panache Ventures | Pre-seed, Seed | $250K-$750K | SaaS, Canadian tech | panache.vc |
| Real Ventures | Seed, Series A | $500K-$3M | AI, deep tech, B2B SaaS | realventures.com |
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Start 14-day trialHow to find Saskatchewan investors
Saskatchewan's investor community is smaller than Toronto's, but it's not hard to navigate if you know where to look.
Start with Crunchbase and Tracxn to verify that any fund you're approaching has made a deal in the past 18 months. A fund that last invested in 2022 is probably between vintages or winding down - don't waste your time without confirming they're actively deploying.
The STSI (Saskatchewan Technology Startup Incentive) is the most underused tool in the province. It gives Saskatchewan-based investors a 45% tax credit on eligible startup investments, which means you can approach angels who've never written a startup check before. Many haven't heard of STSI - be ready to explain it.
Startup TNT runs twice-yearly summits in Saskatchewan where investors pre-commit $5,000 before the event. Apply early - the fall 2025 Saskatchewan Summit had a September 17 application deadline. Over five years, TNT-backed Saskatchewan startups have raised $4.4M through summits and an additional $29M from follow-on sources.
| Method | Best for | Timeline | |
|---|---|---|---|
| STSI tax credit investors | Angel outreach | Pre-seed, first-time investors | 2-4 months |
| Startup TNT summits | Community validation | Pre-seed, market proof | 8 weeks per summit |
| Conexus VC direct pitch | Institutional seed round | Seed, post-traction | 3-6 months |
| Innovation Saskatchewan programs | Non-dilutive early capital | Pre-seed, R&D stage | 2-5 months |
| Co.Labs / Cultivator accelerators | Network access and capital | Pre-seed, MVP stage | Cohort-based |
We realized back in 2019 there was a real lack of investment funds available for tech startups on the Prairies, and Conexus made the bold move to fill that space.
13 top Saskatchewan investors
1. Conexus Venture Capital
The most active early-stage VC in the province - they've closed $60M across two funds and backed companies like 7shifts and Coconut Software before they broke out nationally.
- Recent deals: LiOra soil remediation ($5.1M seed, led by Conexus VC Fund II and BDC Capital, August 2025); Alto Technologies ($900K pre-seed, November 2025)
- LinkedIn: Conexus Venture Capital
- Sector focus: B2B SaaS, agtech, AI, cleantech
- Stage focus: Pre-seed, Seed
- Location: Regina, SK
- Website: conexusventurecapital.ca
2. Westcap Mgt. Ltd.
Saskatchewan's largest private equity and VC fund manager with $1B+ AUM - they run Golden Opportunities Fund and several PE vehicles, and they invest across a wide range of Prairie sectors.
- Recent deals: Fit Foods investment (February 2026); Timber-Tech Truss platform build (December 2023, continued growth); Fund III raised $265M - the largest Saskatchewan PE raise on record
- LinkedIn: Westcap Management
- Sector focus: Diversified: manufacturing, food, technology, resources
- Stage focus: Growth, PE buyouts
- Location: Saskatoon, SK
- Website: westcapmgt.ca
3. Golden Opportunities Fund
Saskatchewan's first provincial retail VC fund, managed by Westcap - 25+ years of investing in local companies, and it recently reopened to accept trades for the 2026 tax year.
- Recent deals: Participated in LiOra's $5.1M seed round (August 2025); 44-company portfolio across Saskatchewan sectors
- LinkedIn: Golden Opportunities Fund
- Sector focus: Diversified Saskatchewan sectors including tech, cleantech, resources
- Stage focus: Seed, Early, Growth
- Location: Saskatoon, SK
- Website: goldenopportunities.ca
4. SaskWorks / PFM Capital
PFM Capital runs the SaskWorks Venture Fund and several other Saskatchewan-focused investment vehicles - $930M+ AUM, focused on mid-market SMEs and providing investors with provincial and federal tax credits.
- Recent deals: Commercial Industrial Manufacturing acquisition via SaskWorks; All-Fab Group won 2025 PE Regional Impact Award (Prairies) for PFM Capital
- LinkedIn: PFM Capital
- Sector focus: Industrial, manufacturing, diversified Western Canada
- Stage focus: Growth, PE
- Location: Saskatoon, SK
- Website: pfm.ca
5. Startup TNT
A community-based angel investment model that runs twice-yearly summits in Saskatchewan - investors pre-commit $5K each, collectively invest $100K+ per winner, and the process runs over eight weeks.
- Recent deals: 27 Saskatchewan startups funded since 2021; $758K raised by five SK startups in 2024 summits including Rivercity Innovations' record $558K; Innovation Saskatchewan backed with $60K (September 2025)
- LinkedIn: Startup TNT
- Sector focus: Agtech, cleantech, SaaS, diverse early-stage
- Stage focus: Pre-seed
- Location: Saskatoon, SK (summits also in Regina)
- Website: startuptnt.com
6. Innovation Saskatchewan
The provincial government agency for startup support - runs STSI (45% angel tax credit), the Agtech Growth Fund, SAIF grants, and R&D co-investment programs across cleantech, agtech, and ICT.
- Recent deals: $1.09M in four industry R&D projects (February 2025); STSI program helped Saskatchewan startups raise $90M+ in private capital since 2018; $60K to Startup TNT (September 2025)
- LinkedIn: Innovation Saskatchewan
- Sector focus: Agtech, cleantech, ICT, digital tech
- Stage focus: Pre-seed, Seed
- Location: Saskatoon, SK
- Website: innovationsask.ca
Organize your due diligence before they ask
Set up a data room with your financials, cap table, and government grants. Share securely with any SK investor.
Start 14-day trial7. BDC Capital
Canada's largest active VC - their Sustainability Venture Fund and Industrial Innovation Fund both deployed into Saskatchewan deals in 2025, and they have a dedicated Prairie team.
- Recent deals: Co-led LiOra's $5.1M seed round via Sustainability Venture Fund (August 2025); $200M new commitment to legacy-industry tech builders (2025); $1B+ total climate-tech commitment
- LinkedIn: BDC Capital
- Sector focus: Cleantech, AI, SaaS, industrials, agtech
- Stage focus: Seed through Growth
- Location: National (Prairie team serves Saskatchewan)
- Website: bdc.ca
8. Co.Labs
Saskatoon's main tech incubator - they've helped over 380 startups generate $194M+ in combined revenue and received $3.75M from PrairiesCan to expand their agtech and scale-up programming through 2028.
- Recent deals: PrairiesCan investment of $3.75M for ecosystem expansion (April 2026); delivering three Uniting the Prairies conferences 2026-2028
- LinkedIn: Co.Labs
- Sector focus: Tech, agtech, SaaS, AI
- Stage focus: Pre-seed, Seed
- Location: Saskatoon, SK
- Website: co-labs.ca
9. Cultivator (powered by Conexus)
The agtech-focused accelerator spun out of Conexus Credit Union - they run a dedicated Agtech Accelerator for pre-seed to seed stage companies with a direct pipeline to Conexus VC Fund II.
- Recent deals: Ongoing cohort investments; open to pre-seed to seed Canadian and UK agtech startups with MVP or product in market
- LinkedIn: Cultivator
- Sector focus: Agtech, food tech, sustainable agriculture
- Stage focus: Pre-seed, Seed
- Location: Regina, SK
- Website: cultivator.ca
10. PrairiesCan
The federal department backing Prairie innovation - they deployed $7.9M+ into Saskatchewan's tech ecosystem in 2026 alone, spanning AI, agtech scale-up, and entrepreneur support programs.
- Recent deals: $3.75M to Co.Labs for tech and agtech scale-up (April 2026); $4.1M+ for Saskatchewan AI development including Vendasta, Coconut Software, HomeTeam Live (April 2026); $910K to SREDA for SK Startup Institute (2026)
- LinkedIn: PrairiesCan
- Sector focus: Diversified tech, AI, agtech, innovation ecosystems
- Stage focus: Seed, Growth
- Location: Regina, SK (federal regional office)
- Website: canada.ca/prairies-econ
11. RBCx
RBC's tech and innovation arm - provides venture debt and equity-linked banking products for VC-backed companies, and they provided $1.4M in venture debt to Saskatoon-based LiOra after their seed round.
- Recent deals: Venture debt to LiOra post-seed ($1.4M, August 2025); $7.5M venture debt to Flosonics Medical (March 2025); national life sciences venture debt program launched
- LinkedIn: RBCx
- Sector focus: Tech, life sciences, SaaS, cleantech
- Stage focus: Seed through Growth (venture debt and banking)
- Location: National (serves Saskatchewan founders)
- Website: rbcx.com
12. Panache Ventures
A national pre-seed and seed fund that backs Canadian founders coast to coast - fast decisions, and they've written checks into Prairie deals before. Worth approaching if you have early product-market fit signals.
- Recent deals: 30+ active portfolio companies across Canada; multiple pre-seed investments in 2024-2025; known for quick decisions at pre-seed stage
- LinkedIn: Panache Ventures
- Sector focus: SaaS, marketplace, consumer tech, Canadian-founded
- Stage focus: Pre-seed, Seed
- Location: Toronto / Montreal (invests nationally)
- Website: panache.vc
13. Real Ventures
One of Canada's most active early-stage funds - Montreal-based but they follow good deals wherever they are, and Saskatchewan's AI and agtech sectors fit their thesis well.
- Recent deals: Multiple Canadian AI and deep tech investments in 2024-2025; manages $200M+ across multiple funds; invested in Prairie companies
- LinkedIn: Real Ventures
- Sector focus: AI, deep tech, B2B SaaS, developer tools
- Stage focus: Seed, Series A
- Location: Montreal, QC (invests nationally)
- Website: realventures.com
Getting in front of Prairie investors
The cold outreach rate on LinkedIn for local Saskatchewan investors is lower than national funds - they're easier to reach in person at Startup TNT summits, Co.Labs events, or Uniting the Prairies (UP) conferences.
Research who's in each fund's portfolio before you reach out. Both Conexus VC and Westcap list their portfolio companies publicly. If you're building something adjacent to their existing bets, say so explicitly - that's more useful than a generic pitch. Upload your deck to Ellty and send a trackable link to each investor individually so you know who actually opens it before you follow up.
The STSI tax credit changes outreach dynamics for angel investors here. If you're approaching Saskatchewan-resident angels who've never invested in a startup, walk them through how STSI works before you pitch. A 45% tax credit on up to $140K per year is a genuine reason to invest that doesn't exist in most other provinces.
Set up an Ellty data room before your first investor meeting. Include your financial model, cap table, any STSI eligibility documentation, and government grants or Innovation Saskatchewan funding you've received. Saskatchewan investors - especially government-backed ones - expect clean, organized due diligence documents and treat disorganization as a signal about how you run your company.
Attend the UP (Uniting the Prairies) conferences that Co.Labs runs from 2026 to 2028 - they're the main cross-Prairie events where Saskatoon, Regina, Calgary, and Winnipeg founders and investors converge. Being visible in that community before your fundraise opens doors that cold outreach won't.
| Step | Action | Why it matters |
| 1 | Verify STSI eligibility | Unlocks 45% angel tax credit for SK investors |
| 2 | Apply to Co.Labs or Cultivator | Network access and early capital before VCs |
| 3 | Register for Startup TNT summit | Pre-committed investor pool, community validation |
| 4 | Approach Conexus VC directly | Main institutional seed fund in the province |
| 5 | Apply for Innovation Saskatchewan grants | Non-dilutive capital signals government backing |
| 6 | Organize data room on Ellty | Ready for government and private VC diligence |
| 7 | Reach out to national VCs (Panache, Real) | For rounds that exceed local fund capacity |
| 8 | Consider BDC Capital co-investment | De-risks private VC deal, common in SK rounds |
How to pitch a Saskatchewan investor
What actually works when approaching VCs, angels, and government funds in Saskatoon and Regina.
- 1.Build your government co-investment stack firstApply for IRAP, Innovation Saskatchewan grants, or PrairiesCan contributions before you approach Conexus VC or private angels. Having non-dilutive government capital in your round signals you've already passed one vetting process - and it genuinely de-risks the deal for private investors who know the provincial funding structure well.
- 2.Lead with agtech or cleantech if it appliesSaskatchewan's innovation identity is built around agriculture and clean technology. If your company touches crop inputs, soil data, precision ag, or energy transition, lead with that connection directly. Investors here have both capital and industry relationships in these sectors that national funds can't match.
- 3.Use Startup TNT for validation before big VC asksThe twice-yearly Saskatchewan summits are more than a pitch competition - the eight-week due diligence process forces you to sharpen your story. Summit winners get $100K+ minimum and community validation carries real weight when you approach Conexus VC or national funds afterward.
- 4.Brief angel investors on STSI before you pitchMany Saskatchewan-resident angels haven't invested in a startup before. The 45% tax credit on up to $140K per year is a real financial incentive that doesn't exist in most provinces. Walk them through the math before your pitch - it changes the risk conversation entirely.
- 5.Send trackable materials and follow up on actual engagementUse Ellty to send your deck with individual trackable links. Follow up within 24 hours of a Saskatchewan investor opening your materials - not on a fixed schedule. In a community where everyone knows everyone, well-timed follow-up signals discipline. Disorganized outreach signals the opposite.
How Ellty helps you land a Saskatchewan investor
Now that you know who's actively investing in Saskatchewan, here's how to prepare your materials properly. Government-backed investors run formal diligence processes. Private VCs move faster but still want organized files. In a tight community like Saskatoon, first impressions about your operational discipline stick.
- 1.Build your data room with financials, grants, and STSI docsCreate an Ellty data room and upload your pitch deck, financial model, cap table, and any government funding documentation - Innovation Saskatchewan grants, IRAP, PrairiesCan contributions. Saskatchewan investors expect to see your government co-investment history. Include it upfront and organize files so a Conexus VC partner finds the key documents in two clicks.
- 2.Set up unique trackable links for each investorCreate a separate trackable link for every fund - Conexus VC, Westcap, BDC, Innovation Saskatchewan. Require email verification before viewing so you know exactly who opened your deck. Enable screenshot protection on your cap table and financial model. Know instantly if a GP forwards your link to a partner at another Prairie fund.
- 3.Get notified the moment they open your materialsGet a real-time notification when an investor opens your link. See which pages they spent the most time on and which they skipped. If a Conexus VC partner spent four minutes on your agtech unit economics and barely touched the market size slide, you know exactly what to lead with on the follow-up call.
Saskatchewan investor questions founders actually ask
- For pre-seed and seed up to $2M, yes - Conexus VC, Golden Opportunities Fund, and angel networks activated by STSI can cover a round. For Series A and beyond, you'll need to bring in national or US investors. Most SK investors actively help with those introductions.
- The Saskatchewan Technology Startup Incentive gives Saskatchewan-resident investors a 45% provincial tax credit on eligible tech startup investments. Startups can raise up to $2M under the program. It's the main reason you can approach local angels who've never written a startup check - the tax incentive changes their risk calculus significantly.
- Government programs first - Innovation Saskatchewan grants, IRAP, and PrairiesCan contributions are non-dilutive. Having them in your round before you pitch Conexus VC signals you've done the groundwork and de-risks the deal. Most Conexus portfolio companies have some government co-investment in their early rounds.
- In a community this small, be selective - reach out to 4-6 investors in parallel, but only after your materials are polished. Use Ellty's link tracking to see who's actually engaged before you prioritize follow-up. A garbled cold pitch to the wrong fund travels fast in Saskatoon.
- Before your first formal meeting. Government-backed investors like PrairiesCan and Innovation Saskatchewan run structured diligence processes and will ask for organized materials. Having a clean Ellty data room ready with your financials, cap table, and grant documentation signals operational discipline.
- Yes - CVC Fund II invests in Prairie-based startups broadly, not exclusively Saskatchewan companies. But Saskatchewan-based companies with Innovation Place or Cultivator connections tend to get faster traction given CVC's deep local relationships in the province.
