LOI Venture

LOI Venture is a $20 million seed-stage venture capital fund founded in 2021 by Ryan Holmes — co-founder of Hootsuite — and Manny Padda, based in Vancouver, Canada. The fund is closely tied to the League of Innovators (LOI), a nonprofit founded by Holmes in 2017 to accelerate the growth of young entrepreneurs across Canada. LOI Venture backs founders aged 17 to 30 who participate in the LOI program, writing checks of approximately $100,000 per investment across a sector-agnostic mandate spanning consumer, enterprise, deep tech, fintech, impact, hardware, and software. The fund operates with a team of 29 people including 18 partners and has invested in 33 companies across Canada, the United States, and India. Notable portfolio companies include Blossom and Spontivly. The fund primarily targets seed-stage rounds with an average round size of $1.03 million and has also participated in Series A rounds averaging $5.3 million. LOI Venture runs an AI cohort program and LOI Labs batches — Batch 11 featured 59 ventures. Community events include fireside chats with entrepreneurs such as Mark Cuban and Brian Scudamore, and the annual Young Entrepreneur of the Year awards. LOI Venture's defining differentiator is its integration with the League of Innovators pipeline, which provides a continuous funnel of vetted young founders with community accountability and peer support built in. The fund's approach positions capital as one component of a broader growth platform, giving founders access to mentorship networks, programming resources, and a cohort community that extends well beyond the initial investment.