Organization · Venture Capital
First Tracks Capital Inc.
First Tracks Capital Inc. is a Toronto-based growth capital investment firm that focuses on small to medium-sized enterprises (SMEs) requiring capital to enhance operations and accelerate growth. The firm targets companies with negative cash flows to $5 million EBITDA across various sectors.
Overview
What First Tracks Capital Inc. does
What First Tracks Capital Inc. is
First Tracks Capital Inc. is a Toronto-based growth capital investment firm that focuses on small to medium-sized enterprises (SMEs) requiring capital to enhance operations and accelerate growth. The firm targets companies with negative cash flows to $5 million EBITDA across various sectors.
How it participates in the startup ecosystem
The current public profile supports funder capabilities. Each capability below is shown separately so organization identity and role-specific information do not get conflated.
Operational profile
Organization status and context
Organization status describes the entity itself. Funding and program availability appear within the relevant capability profile.
- Operational status
- Active
- Organization type
- Venture Capital
- Founded
- Founded in 2020
- Approximate age
- About 6 years
- Structured capabilities
- Funder
- Last reviewed
- May 5, 2026
Official channels
Find First Tracks Capital Inc. elsewhere
Open the official website or a supported primary organization account.
Capability profile
First Tracks Capital Inc. as a funder
Investment thesis
First Tracks Capital acts as a growth capital partner to management teams of fast-growing Canadian companies at an inflection point, where capital is required to enhance operations and accelerate growth.
Focus narrative
First Tracks Capital invests in sectors including consumer goods, financial services, industrials, manufacturing, and technology. The firm targets companies with negative cash flows to $5 million EBITDA, aiming for a liquidity target of 2x to 4x multiple on invested capital. Their investment strategy is centered on late-stage private companies that exhibit significant growth potential.
Value beyond capital
First Tracks Capital adds value to its portfolio companies by providing not only capital but also strategic guidance and operational support. The firm takes board seats at every investee company, ensuring active involvement in driving growth and enhancing performance. Their extensive network and expertise in various sectors further bolster the capabilities of their portfolio companies.
Focus and fit
- Stages
- Growth Equity · Pre-IPO
- Sectors
- Consumer
- Regions
- North America
Availability
- Currently deploying
- Yes
Portfolio and track record
- Recorded portfolio count
- 4
Portfolio context
Notable portfolio companies include: Kognitiv Inc.: A travel loyalty technology platform focused on B2B digital commerce in consumer and financial services. Luna Pharmaceuticals Inc. (Premama): A consumer prenatal nutrition brand that emphasizes health and wellness products. BonneO (Bonne O Holdings): A sparkling beverage brand in the consumer goods sector. Mitigokaa Development Corp.: Provides energy infrastructure for small and remote northern communities, focusing on industrials and energy.
Common questions
What to know about First Tracks Capital Inc.
Upseed classifies First Tracks Capital Inc. under the Venture Capital organization type. Its current public profile includes funder capabilities.
Source and update disclosure
Know what this page is based on
Source basis
Public organization and program material, official websites, and structured Upseed records.
Last reviewed
May 5, 2026
Known limits
Capability profiles appear only when a structured public profile also contains decision-useful role evidence. Terms and availability can change.
Upseed is an independent guide. It is not affiliated with or endorsed by the organization described on this page.