We don't just invest in great companies.
We believe in the founders that create them.
What you've done so far is already impressive.
Our role is simply to amplify it. To help you get to the next stage: Product-Market Fit. You know your business better than we ever will. We know what is likely to get you closer to PMF and what is likely to lead to vanity metrics and fake growth. That’s what we’re good at. Bring us what you’re good at. Maybe we can be good at things together.
What you've done so far is already impressive.
Our role is simply to amplify it. To help you get to the next stage: Product-Market Fit. You know your business better than we ever will. We know what is likely to get you closer to PMF and what is likely to lead to vanity metrics and fake growth. That’s what we’re good at. Bring us what you’re good at. Maybe we can be good at things together.
What you've done so far is already impressive.
Our role is simply to amplify it. To help you get to the next stage: Product-Market Fit. You know your business better than we ever will. We know what is likely to get you closer to PMF and what is likely to lead to vanity metrics and fake growth. That’s what we’re good at. Bring us what you’re good at. Maybe we can be good at things together.
The Product Market Fit Show
The Product Market Fit Show
The Product Market Fit Show
Where founders share real stories about what it takes to go from 0 to product market fit. These are not biographies. They aren’t promotional narratives about how companies were built. They’re very specific, detailed stories with real examples you can use.
Where founders share real stories about what it takes to go from 0 to product market fit. These are not biographies. They aren’t promotional narratives about how companies were built. They’re very specific, detailed stories with real examples you can use.
Where founders share real stories about what it takes to go from 0 to product market fit. These are not biographies. They aren’t promotional narratives about how companies were built. They’re very specific, detailed stories with real examples you can use.
The PMF Show
INVESTMENT FOCUS
Enterprise AI
REGION
Canada
United States
OFFICES
Toronto, Ottawa,
Vancouver, Calgary
California
INVESTMENT STAGE
Pre-Seed
Seed
OFFICES
Toronto, Ottawa,
Vancouver, Calgary
California
INVESTMENT STAGE
Pre-Seed
Seed
We know what it’s like to be founders, because we were founders as well.
We know what it’s like to be founders, because we were founders as well.
We know what it’s like to be founders, because we were founders as well.
Everyone on our team has been a founder of at least two startups. We understand what it's like to be in your shoes.
Everyone on our team has been a founder of at least two startups. We understand what it's like to be in your shoes.
Everyone on our team has been a founder of at least two startups. We understand what it's like to be in your shoes.
Code Cubitt is a Managing Director at Mistral, based in Ottawa. He has over 25 years of experience as a founder, executive and investor and has worked with over 50 early-stage startups. Code was previously the COO at Zephyr Technology- a VC-backed startup that was acquired by Medtronic.
CODE CUBITT
Managing Director
Bernie Zeisig is a Managing Partner at Mistral and brings over 25 years of venture investing experience and 35 years of company building experience in both the United States and Canada. He has participated in over 70 rounds of financing and has built a proven, trusted network for deal flow, deal management and realization.
BERNIE ZEISIG
Managing Partner
Pablo Srugo is a Partner at Mistral, based in Toronto. Prior to Mistral, Pablo was the co-founder and COO of Gymtrack– a VC-backed startup in the FitTech space. Before starting Gymtrack, Pablo co-founded an online tutoring platform, which was acquired in 2014.
PABLO SRUGO
Partner
Mike Scanlin is a Venture Partner at Mistral, based in Las Vegas. Mike was previously a Partner at Battery Ventures and worked at Sierra Ventures for various years. Mike has invested $90M in ten different companies, including 360Commerce (acquired by Oracle) and Micro Power (acquired by Westin Presidio).
MIKE SCANLIN
Venture Partner
Raif, a startup CTO turned VC, has founded multiple VC-backed companies in the Bay Area and Toronto, two of which were acquired, and two reached millions of users. Most recently, at Nuula, a fintech that's raised $120M, he was the founding VP Eng at Loblaw Digital, building a team of 150 through revenue growth of zero to over $100M (today at $3B).
RAIF BARBAROS
Partner
Julien Kathiresan is the Director of Finance at Mistral and is based in Ottawa. Prior to Mistral, Julien was the Head of Finance & Administration at Macadamian Technologies (acquired by Emids). Prior to Macadamian, Julien was a Senior Auditor at Deloitte, servicing both private and public clients in the Financial Services & Technology sector.
JULIEN KATHIRESAN
Head of Finance
Code Cubitt is a Managing Director at Mistral, based in Ottawa. He has over 25 years of experience as a founder, executive and investor and has worked with over 50 early-stage startups. Code was previously the COO at Zephyr Technology- a VC-backed startup that was acquired by Medtronic.
CODE CUBITT
Managing Director
Pablo Srugo is a Partner at Mistral, based in Toronto. Prior to Mistral, Pablo was the co-founder and COO of Gymtrack– a VC-backed startup in the FitTech space. Before starting Gymtrack, Pablo co-founded an online tutoring platform, which was acquired in 2014.
PABLO SRUGO
Partner
Raif, a startup CTO turned VC, has founded multiple VC-backed companies in the Bay Area and Toronto, two of which were acquired, and two reached millions of users. Most recently, at Nuula, a fintech that's raised $120M, he was the founding VP Eng at Loblaw Digital, building a team of 150 through revenue growth of zero to over $100M (today at $3B).
RAIF BARBAROS
Partner
Bernie Zeisig is a Managing Partner at Mistral and brings over 25 years of venture investing experience and 35 years of company building experience in both the United States and Canada. He has participated in over 70 rounds of financing and has built a proven, trusted network for deal flow, deal management and realization.
BERNIE ZEISIG
Managing Partner
Mike Scanlin is a Venture Partner at Mistral, based in Las Vegas. Mike was previously a Partner at Battery Ventures and worked at Sierra Ventures for various years. Mike has invested $90M in ten different companies, including 360Commerce (acquired by Oracle) and Micro Power (acquired by Westin Presidio).
MIKE SCANLIN
Venture Partner
Julien Kathiresan is the Director of Finance at Mistral and is based in Ottawa. Prior to Mistral, Julien was the Head of Finance & Administration at Macadamian Technologies (acquired by Emids). Prior to Macadamian, Julien was a Senior Auditor at Deloitte, servicing both private and public clients in the Financial Services & Technology sector.
JULIEN KATHIRESAN
Head of Finance
Code Cubitt is a Managing Director at Mistral, based in Ottawa. He has over 25 years of experience as a founder, executive and investor and has worked with over 50 early-stage startups. Code was previously the COO at Zephyr Technology- a VC-backed startup that was acquired by Medtronic.
CODE CUBITT
Managing Director
Raif, a startup CTO turned VC, has founded multiple VC-backed companies in the Bay Area and Toronto, two of which were acquired, and two reached millions of users. Most recently, at Nuula, a fintech that's raised $120M, he was the founding VP Eng at Loblaw Digital, building a team of 150 through revenue growth of zero to over $100M (today at $3B).
RAIF BARBAROS
Partner
Mike Scanlin is a Venture Partner at Mistral, based in Las Vegas. Mike was previously a Partner at Battery Ventures and worked at Sierra Ventures for various years. Mike has invested $90M in ten different companies, including 360Commerce (acquired by Oracle) and Micro Power (acquired by Westin Presidio).
MIKE SCANLIN
Venture Partner
Pablo Srugo is a Partner at Mistral, based in Toronto. Prior to Mistral, Pablo was the co-founder and COO of Gymtrack– a VC-backed startup in the FitTech space. Before starting Gymtrack, Pablo co-founded an online tutoring platform, which was acquired in 2014.
PABLO SRUGO
Partner
Bernie Zeisig is a Managing Partner at Mistral and brings over 25 years of venture investing experience and 35 years of company building experience in both the United States and Canada. He has participated in over 70 rounds of financing and has built a proven, trusted network for deal flow, deal management and realization.
BERNIE ZEISIG
Managing Partner
Julien Kathiresan is the Director of Finance at Mistral and is based in Ottawa. Prior to Mistral, Julien was the Head of Finance & Administration at Macadamian Technologies (acquired by Emids). Prior to Macadamian, Julien was a Senior Auditor at Deloitte, servicing both private and public clients in the Financial Services & Technology sector.
JULIEN KATHIRESAN
Head of Finance
© 2026 - Mistral Venture Partners. All Rights Reserved.
© 2026 - Mistral Venture Partners. All Rights Reserved.
© 2026 - Mistral Venture Partners. All Rights Reserved.