Sprout Fund II

Overview

Sprout Fund II is an early-stage venture capital firm based in Canada, focusing on investing in innovative B2B software companies across the country. The firm provides seed-stage venture and mentor capital to accelerate the growth of Western Canadian startups. Sprout Fund II is led by experienced technology entrepreneurs and investors, including Kristina Milke, Mark Benning, and Shaheel Hooda. The firm's investment strategy emphasizes a strong founding team, a large and growing market opportunity, and product-market fit. Sprout Fund II seeks companies with visionary, committed, and coachable founders who have developed a minimum viable product (MVP) and achieved initial market validation. The firm has invested in various sectors, including fintech, proptech, energytech, healthtech, gaming, mental health, workflow optimization, no-code applications, payment applications, and retail web applications. Sprout Fund II has a track record of supporting diverse startups in Western Canada. Notable investments include Truffle, a restaurant management platform, and EZ Ops, a workforce optimization technology for oil and gas operations. In March 2023, Alberta Enterprise Corporation invested CAD $2.5 million into Sprout Fund II, providing seed-stage venture and mentor capital to Alberta and Western Canadian B2B software startups. This partnership aims to foster innovation and growth in the region's technology sector.

Investment Focus

• Founding Team: Visionary, Committed, Coachable, Skilled, Aligned, with Market Fit
• Market Opportunity: Large, Growing, and Attractive; with a Manageable Competitive Landscape
• Product Market Fit: MVP + Initial Market Validation; Early Revenue and Growth Potential

Portfolio Companies