VC  Canal Partners

     Office Locations:

7114 E. Stetson Dr #360
Scottsdale, AZ 85251
Phone: 480-264-0238



  • Early



  • Business Services
  • Software & Internet



    Canal Partners is a venture capital firm that provides investor services and capital to B2B software and internet technology companies. The firm aims to invest in early-stage companies with a focus on software-as-a-service (SaaS) startups in the Phoenix, Southern California, Denver, and Atlanta markets. Canal invests in companies with a minimum of $500k in trailing 12-month revenue (typical portfolio companies are over $1M at time of investment) and seeking an investment commitment of $1 to $3 million. Companies should have a product that is being sold to commercial (business-to-business) customers and an enterprise value of $2 million to $10 million.

    Investment Firm Key

       VC = Venture Capital
       PE = Private Equity
       A = Angel
       I = Incubator
       MB = Merchant Bank
       VD = Venture Debt
       FI = Family Investment Office
       FOF = Fund of Funds
       ED = Economic Development Office   
       TT = Technology Transfer Office
       CVC = Corporate Venture Capital
       SEC = Secondary Purchaser
       HF = Hedge Fund/Mutual Fund
    Venture Capital
    Seed Stage
    (includes "pre-seed," or
    concept stage)
    No Revenue
    Early StageMinimal
    Growth Stage
    (also called Mid-stage)
    Expansion Stage
    (also called Late-stage)
    $7M and greater
    Private Equity
    Lower Middle Market$10M-$249M
    Middle Market$250M-$499M
    Upper Middle Market$500M-$1B
    Large Cap>$1B

    Investment Team:

    Name   Title
    Get the complete investment team + individual email addresses for investment team partners. Get personal images, LinkedIn links, investment specialties, office locations and more with a National Database subscription.
    David Paul Partner
    Jim Armstrong Managing Partner
    Noah Zweiback Junior Analyst
    Patrick Armstrong Partner
    Scott Hines Entrepreneur in residence


    Recent Funding Events (trailing 12 months):










      Series A


    Portfolio companies include:

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      Edaris Health
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      Iris PR
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      Lightpost Digital
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    Recent News: