LOI Venture

LOI Venture is a seed-stage venture fund co-founded by Ryan Holmes and Manny Padda focused on backing founders under 30 attending the LOI Program. LOI occasionally write cheques into startups founded by non-LOI attendees but most of our deal flow is allocated for graduates from the League of Innovators. In 2014, Ryan Holmes (Co-founder of Hootsuite) founded League of Innovators, a charity with a mission to help accelerate the growth of young entrepreneurs in Canada. To date, the program has graduated 250 businesses with a combined valuation of nearly $1B. In December 2021, Ryan and fellow board member Manny Padda (Angel Investor/Board Member of League of Innovators) co-founded LOI Venture. The $20M fund I, ranging in pre-seed and seed-stage cheques will be positioned to help accelerate early-stage startups in Canada who enrol in the LOI program.