Northern Labs

Northern Labs

Blockchain-focused fintech venture studio and investor

Overview

Northern Labs is a Canadian venture studio that uses blockchain technology to support fintech startups. It provides technology, capital, and a network to help founders turn ideas into scalable businesses. Operating as a startup bricklayer, it builds teams, leads growth strategies, and funds scaling, taking equity stakes in the ventures it helps. This hands-on model differentiates Northern Labs by offering end-to-end support and active involvement in building companies within the blockchain and financial services space. The company aims to lower barriers to entrepreneurship in Canada and drive the development of blockchain-enabled financial services that are more efficient, affordable, and accessible.

About Northern Labs

Simplify's Rating
Why Northern Labs is rated
C-
Rated C on Competitive Edge
Rated C on Growth Potential
Rated D+ on Differentiation

Industries

Venture Capital

Fintech

Crypto & Web3

Financial Services

Company Size

11-50

Company Stage

N/A

Total Funding

N/A

Headquarters

Toronto, Canada

Founded

2021

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Simplify's Take

What believers are saying

  • The website updated August 5, 2026, shows active venture-building operations.
  • Northern Labs is hiring for engineers, DevOps, and Founder-in-Residence roles.
  • LinkedIn shows Josh Burkwist as Director of Recruiting in August 2026.

What critics are saying

  • Tracxn still labels Northern Labs unfunded in 2025, limiting runway.
  • No public funding rounds, acquisitions, or investments signal weak capital formation.
  • If founder recruiting slows after 2026, the studio lacks venture momentum.

What makes Northern Labs unique

  • Cliel Schachter founded Northern Labs in Toronto in January 2021.
  • The studio combines capital, technology, and network support for fintech founders.
  • It targets fintech, marketplaces, analytics, and gaming, not a single-product startup.

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Growth & Insights

Headcount

6 month growth

↑ 0%

1 year growth

↑ 0%

2 year growth

↓ -10%

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