Brightspark’s Q3 2025 Reflections

The third quarter was a busy one across Canada’s tech landscape. Conversations with founders, operators, and partners from coast to coast gave us a front-row seat to the momentum building in every corner of the ecosystem. AI-driven opportunities continue to accelerate, and they’re setting the stage for a strong Q4.

We are at the start of what we expect to be the biggest tech cycle in history. One that is also evolving faster than anything we’ve previously experienced. This makes it a very exciting time for anyone building early, and investing, but also the hardest market to navigate as early-stage investors. What stood out to us this quarter is how Canadian teams are meeting the moment with clarity, resilience and ambition. More than ever, we rely on our decades of experience and lessons learned from previous cycles, while keeping a fresh innovative mindset.

Inside Brightspark
Across our entire portfolio, we are seeing companies evolve strategically. Our most experienced and ambitious teams are seizing new opportunities emerging with AI and adapting fast to new market dynamics. It has been energizing to support them through these shifts as they navigate what’s next.

We are also seeing a new wave of companies emerge across the Canadian market, at a pace we have not witnessed in years. Many of these are AI-first companies.

Our partnership is stronger than ever. We held a highly valuable off-site event in September that sparked important conversations about where the market is heading, how AI is reshaping early-stage opportunities, and how we can best support the next generation of founders.The energy in the room reflected our commitment to invest in founding teams building transformational tech companies and making Brightspark the most successful, multi-generational, early-stage VC franchise in Canada.

We continue to build our presence from coast to coast.
In July, Andrew and Jacques took our community game up a notch by hosting a cocktail event in Calgary during the legendary Calgary Stampede. Jacques completed a trip to the Maritimes. Eleonore and Sophie represented Brightspark at multiple industry events. Our efforts have expanded beyond Montreal, Toronto, and Vancouver, helping us engage with more Canadians from coast to coast.

And on the investment front? Q3 2025 was especially strong. We invested in three exciting new portfolio companies including ShopVision, Enurgen and NectAir. These three companies reflect our strategic focus on diverse, high-potential founders across key Canadian tech hubs—and our confidence in the opportunities popping up across the country.

If you’re building a transformational tech company in Canada, our team would love to hear from you. Reach out to discuss how Brightspark can support your journey.