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§ Venture Capital · Canada
Pre-seed venture capital fund providing capital, guidance, and support for early-stage technology startups in Atlantic Canada.
Key people at Concrete Ventures.
Concrete Ventures is a pre-seed venture capital fund based in Halifax, Nova Scotia, that invests exclusively in early-stage technology startups located across the Atlantic Canada region. The firm currently manages an $18 million fund backed by a total of 20 limited partners, which notably includes a $15 million capital commitment from the province of Nova Scotia alongside $500,000 from the New Brunswick Innovation Foundation. Operating as an institutional investor, the firm provides initial equity capital and strategic operational support by leading early funding rounds, joining larger syndicates, or acting as a sole investor. To date, the firm has successfully invested in a total of eight regional startups, building a diverse portfolio that includes emerging technology companies such as SalesRight, Rally, Motryx, Proof, and Securicy. Concrete Ventures was founded in 2019 by former founder Patrick Hankinson.
Key people at Concrete Ventures.
Concrete Ventures is a founder-led pre-seed venture capital firm based in Atlantic Canada, focused on investing in early-stage technology startups with scalable business models and high growth potential. Their mission is to be a true value-add investor by providing not only capital but also strategic support, mentorship, and connections to help founders grow their businesses into major regional tech players. The firm emphasizes a "by founders, for founders" culture, aiming to foster a vibrant entrepreneurial ecosystem in Atlantic Canada through thoughtful partnership and long-term commitment[2][3][5].
Founded in 2019, Concrete Ventures was established with a regional focus on Atlantic Canada to support innovative technology companies at the pre-seed stage. The firm was co-founded by Patrick Hankinson, an experienced entrepreneur and investor who previously co-founded successful startups such as Tether and Compilr (acquired by LinkedIn). His operating and investing background shapes the firm’s hands-on approach to scaling startups. Teri Anderson serves as CFO, bringing extensive financial expertise. The firm has evolved to become a key player in the Atlantic Canadian startup ecosystem, actively investing and mentoring local founders[2][3][6].
Concrete Ventures rides the growing trend of regional venture capital funds that focus on underrepresented ecosystems, in this case, Atlantic Canada. The timing is significant as Atlantic Canada’s tech scene is gaining momentum, supported by government initiatives and increasing startup activity. Concrete Ventures helps bridge the funding and mentorship gap at the pre-seed stage, enabling local founders to build scalable technology companies that can compete nationally and globally. Their influence strengthens the regional ecosystem by attracting talent, fostering innovation, and encouraging more investment in Atlantic Canadian startups[2][3][5].
Looking ahead, Concrete Ventures is poised to deepen its impact in Atlantic Canada by continuing to back visionary founders and expanding its portfolio of scalable tech startups. Trends such as digital transformation, AI, and remote work technologies may shape the types of companies they invest in. As the Atlantic Canadian ecosystem matures, Concrete Ventures’ role as a trusted, founder-centric investor will likely grow, potentially influencing other regional funds and attracting more capital to the area. Their long-term, hands-on approach positions them well to help build the next generation of tech titans from Atlantic Canada[3][5].
Concrete Ventures has more than 26 tracked investments across 18 companies. The latest tracked deal is $3.0M Other Equity in 3D BioFibR in June 2025.
