Relay Ventures evolved from the BlackBerry ecosystem with a strictly mobile thesis into a concentrated fund focused on four specific systems—Urbantech, PropTech, Fintech, and SportsTech—backed by a 15+ year partnership that competes on partner continuity and collective decision-making at the pre-seed/seed stage. The firm goes beyond traditional early-stage investing by fully incubating portfolio companies like Playmaker and maintaining deep specialization in SportsTech with notable exits including theScore's $2B sale to PENN and a track record of selling Canadian-rooted companies to major U.S. and global strategics.