EL

Element AI Ventures

VC
Montreal, Canada

Element AI Ventures is a seed+, Series A venture capital firm based in Montreal, Canada investing in AI / ML, SaaS, Other. The firm typically writes $1.0M–$5.0M checks and has 24 portfolio companies in our records.

Check size
$1.0M–$5.0M
Portfolio
24 companies on record
Partners
6 listed
Stage
seed+, Series A
Sectors
AI / ML, SaaS, Other, Enterprise, Fintech, Security, Developer Tools, Healthcare
HQ
Montreal, Canada
AUM
Not in our records

Last verified: 2026-02-23

How to approach: warm intro preferred
Stage

seed+, Series A

Check Size

$1.0M – $5.0M

Portfolio

24+ companies

Team

6 partners

Investor activity
Investments in last 12 months: 0

Investment Thesis

The fund invests in applied AI innovations that augment decision-making for enterprises, particularly in fintech and wealth management.

How Element AI Ventures invests

Element AI Ventures is a vc firm based in Montreal, Canada. The firm invests at the seed+, Series A stages, with a focus on AI / ML, SaaS, Other, Enterprise, Fintech. It does not invest in Consumer-focused products.

Element AI Ventures typically writes checks of $1.0M–$5.0M per investment.

Element AI Ventures has backed 24 companies in our records, including Wealthsimple, Untether AI, Element AI.

Partners & Team

CS

Connor Sullivan

Principal

Early-stage ventures
Deal leadership
JD

Jamie Dunn

Co-Founder & Partner

Early-stage ventures
Utah / Mountain West
Technology startups
JG

Jean-François Gagné

Founder & GP

AI
FinTech
B2B AI
JB

Jeff Burningham

Co-Founder & Managing Partner

Early-stage ventures
Utah / Mountain West
Technology startups
JD

Jeff Danley

Co-Founder & Managing Partner

Early-stage ventures
Utah / Mountain West
Technology startups
SA

Sam Andersen

Investment Partner

Pre-seed
Seed
Later-stage flexibility
Utah

Industry Focus

Invests In

AI / ML
SaaS
Other
Enterprise
Fintech
Security
Developer Tools
Healthcare

Does Not Invest In

Consumer-focused products

Portfolio Companies (24)

Other

WE

Wealthsimple

WealthTech
UN

Untether AI

AI Hardware
EL

Element AI

Artificial Intelligence·Acquired

AI software company founded in 2016 and acquired by ServiceNow in 2020 for $230 million.

DA

Data Collective (DCVC)

Venture Capital

Venture capital firm that invests in deep tech companies.

RE

Real Ventures

Venture Capital

Venture capital firm focused on early-stage investments.

BD

BDC Capital

Venture Capital

Investment arm of the Business Development Bank of Canada.

IN

Intel Capital

Venture Capital

Investment organization of Intel Corporation.

MI

Microsoft Ventures

Venture Capital

Investment arm of Microsoft focused on startups.

NV

NVIDIA

Technology

Technology company known for its graphics processing units (GPUs).

HE

hepster

InsurTech / Embedded Insurance·Series B·Element Ventures $130M fund

Germany-based embedded insurtech offering API-driven insurance integration into digital customer journeys.

How to pitch Element AI Ventures
  • Raising at seed+, Series A? You're squarely in their sweet spot.
  • Lead with your fit in AI / ML, SaaS, Other — the sectors they actively back.
  • Size your ask to their typical $1.0M – $5.0M check.
  • warm intro preferred
  • Address your outreach to a specific partner, such as Connor Sullivan, Principal.
  • A warm introduction beats a cold email. Get matched and request an intro.

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