Faktory Ventures

Faktory Ventures is a Toronto-based seed-stage venture capital fund founded in 2017 by Candice Faktor, a technology executive who previously served as General Manager at Wattpad and co-created Torstar Digital. The fund invests in world-class teams building bold ideas with global ambitions, with a particular focus on ethical technology development. While broadly sector and technology agnostic, the fund has shown concentrated interest in software, artificial intelligence, and digital wellness applications. Faktor is also an associate of the Creative Destruction Lab at the University of Toronto. Faktory Ventures has made approximately 8 investments at the seed stage, deploying checks up to $500K. Portfolio companies include Flipd, a digital wellness app focused on reducing screen time; More Labs, a consumer beverage company; Cape.ai, an AI and voice technology platform; and Penbox, an insurance technology startup. Both Flipd and Penbox received investment in December 2021. The fund targets both Canadian and US-based startups. Faktory operates as a solo GP micro-fund, and Faktor has since expanded her activities to include co-founding Disco, an AI-powered social learning platform, and serving as a Venture Partner at Lobby Capital, a $250 million Series A fund based in Silicon Valley. The fund has been relatively inactive since late 2021. Faktory's investment philosophy reflects Faktor's conviction that the most impactful technology products are those built with care for how they affect human behavior and social outcomes.