Vessel
Montreal-based software company whose AI platform covers LP discovery, fundraising, onboarding, reporting and fund administration for venture capital and private equity managers. It raised a USD 7.5 million seed round in 2025.
Industry: Fund management software for private markets | Location: Montreal, Canada | Total Funding: USD 7.5M
About Vessel
Vessel is a software company that sells an artificial intelligence platform to venture capital and private equity fund managers. Its products cover investor relations, fundraising, onboarding, reporting and, since October 2026, fund administration. BetaKit describes the company as Montreal-based, while the law firm Osler lists Toronto as its principal office.
Thomas Terrats is chief executive and co-founder; he previously worked at Inovia and Teralys Capital. Thierry Ajaltouni is co-founder and head of operations, and previously worked at Oliver Wyman and Teralys Capital. BetaKit reported 13 employees in June 2025. Vessel's site lists a 14-member advisory board of people from firms including Northleaf Capital, General Catalyst, Genesys Capital, Global Ventures, Inovia and FJ Labs.
The product line has seven parts: LP Intelligence, Investor Portal, Interactive Dataroom, Co-invest, KPI Reporting, Digital Signing and Fund Admin. Vessel sells by subscription with tiered pricing, according to BetaKit, which reported more than 30 client firms in June 2025 with investors in the United States, Europe and the Middle East. Customers named on Vessel's site include Inovia, FJ Labs, Golden Ventures, Genesys Capital, Afore Capital, Global Ventures and BYVP.
In May 2026, Vessel was named as the platform for the Lebanese Angel Investor Network, which uses it to take investor commitments and run member votes on deals. On 8 October 2026, Vessel announced AI-native fund administration, which combines fund administration, portfolio reporting, investor experience, fundraising and onboarding. It announced a webinar for 29 October 2026 with Framework Venture Partners on the same topic.
Vessel announced a seed round of USD 7.5 million (about CAD 10.3 million) on 10 June 2025. Inovia Capital and Afore Capital co-led it, with BY Venture Partners, FJ Labs, Golden Ventures, Telegraph Hill Capital and Four Cities Capital taking part. BetaKit reported that the round closed in the last week of May 2025 and that Terrats declined to disclose the valuation.
Vessel's security page says it adheres to SOC 2 Type II, runs on Amazon Web Services and has enterprise agreements with Anthropic and OpenAI that include certified zero data retention.
Leadership
- Thomas Terrats, Chief Executive Officer and Co-founder
- Thierry Ajaltouni, Co-founder and Head of Operations