Panache Ventures is a Canadian pre-seed and seed-stage venture capital fund that invests across technology sectors, including Web3 and crypto, often as the first institutional investor in a company. Panache Ventures's Twitter Score is 6.3 out of 1000 as of July 2026, ranking #152,214 among 531,432 tracked accounts.
Panache Ventures was co-founded by Mike Cegelski, Patrick Lor, David Dufresne, and Nicolas Jacques-Bouchard, all four of whom previously worked at 500 Startups Canada. Dufresne departed the firm in 2021. The fund writes initial cheques of up to $1.5 million at the pre-seed stage, and its inaugural fund reached a final close of C$58 million. A subsequent vehicle, Panache Ventures Investment Fund II, is a $100 million fund with a 2021 vintage, focused on early-stage ICT companies, and carries active investment status per Venture Ontario's 2026-2029 business plan.
Panache Ventures is backed by a range of institutional and strategic investors, including Alberta Enterprise Corporation, which announced a $5 million commitment in March 2018, as well as Investissement Québec, Fonds de solidarité FTQ, TELUS Ventures, National Bank of Canada, BMO Bank of Montreal, Yukon First Nation Investment Corporation, the Government of Yukon, and Venture Ontario. Portfolio companies have collectively raised over $3.3 billion, per the fund's own website. Panache Ventures's Web3 and crypto holdings include Beatdapp, Cybrid, Dfuse, and Metacommerce, with Dfuse noted as exited.
Panache Ventures's portfolio includes Dfuse, Moves, StreamingFast, Big Whale Labs and Beatdapp. Panache Ventures has published 881 posts and has 4,303 followers as of July 2026 on the platform. Panache Ventures has been mentioned by 20 accounts, with 65 total mentions.
Who follows Panache Ventures on X?
The accounts that follow Panache Ventures include 41 founders, 3 angel investors, 9 influencers and 9 VCs. Among them are Chris Maddern, VCs Congratulating Themselves, Drew Austin, Ethan Buchman, Shamdoo and Fomosaurus.