Brio, a B2B SaaS company revolutionizing LP management for alternative asset managers, has successfully raised a $3 million seed round led by Canso Innovations Ltd. and Walter GAM.

Information on the Target

Brio is a B2B SaaS platform that specializes in enhancing the efficiency of investor onboarding, deal marketing, Limited Partner (LP) management, compliance, and back-office operations for alternative asset managers and multi-family offices. Founded in 2024 in Montreal, Quebec, Brio originated from Brightspark Ventures, where it was developed to address operational challenges in managing LPs. With nearly a decade of experience informing its design, Brio has evolved from an internal tool to a robust standalone entity prepared to redefine fund management practices.

The platform was born from Brightspark's recognition of the limitations within existing operational processes that hindered the firm's ability to efficiently scale its LP base. Addressing these challenges directly led to the creation of Brio, which has proven its capabilities by enabling Brightspark to manage multiple VC funds, numerous Special Purpose Vehicles (SPVs), and a significant portfolio of assets.

Industry Overview in Canada

The Canadian alternative asset management industry has seen significant growth, driven by an expanding network of investors seeking diverse opportunities. This sector is characterized by the increasing complexity of regulatory require