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The Venture Codex

Velocity Fund

280 Joseph Street Suite 2000, Kitchener, Ontario, N2G 4Z5, Canada

Overview

Grant program and incubator supporting technology startups.

Deals · 12mo

1

Links

WebsiteLinkedInX (Twitter)

Stage focus

Seed

Geographic focus

Canada

Sector focus

Business Development
Incubators

Investment portfolio

5rounds
NAMEDATESIZE
Swish Solar
Nov 2025Participated
$2 MSeed
runQL
Nov 2024Participated
$2 MSeed
Scribenote
Sep 2024Participated
$8 MSeed
KeyOps
Dec 2022Participated
$3 MSeed
MedMe Health
Apr 2021Participated
$0.60 MSeed
Swish Solar
Nov 2025Participated
$2 MSeed
runQL
Nov 2024Participated
$2 MSeed
Scribenote
Sep 2024Participated
$8 MSeed
KeyOps
Dec 2022Participated
$3 MSeed
MedMe Health
Apr 2021Participated
$0.60 MSeed
5
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Insights

Time horizon

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Deal Distribution

Velocity Fund: 5 funding rounds are recorded in the selected participation categories.All available history.
Velocity Fund: 5 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed05

Monthly Deal Activity

Velocity Fund: 5 deals are recorded across 67 months.All available history.
Velocity Fund: 5 deals are recorded across 67 months. All available history
MonthDeals
Apr '211
May '210
Jun '210
Jul '210
Aug '210
Sep '210
Oct '210
Nov '210
Dec '210
Jan '220
Feb '220
Mar '220
Apr '220
May '220
Jun '220
Jul '220
Aug '220
Sep '220
Oct '220
Nov '220
Dec '221
Jan '230
Feb '230
Mar '230
Apr '230
May '230
Jun '230
Jul '230
Aug '230
Sep '230
Oct '230
Nov '230
Dec '230
Jan '240
Feb '240
Mar '240
Apr '240
May '240
Jun '240
Jul '240
Aug '240
Sep '241
Oct '240
Nov '241
Dec '240
Jan '250
Feb '250
Mar '250
Apr '250
May '250
Jun '250
Jul '250
Aug '250
Sep '250
Oct '250
Nov '251
Dec '250
Jan '260
Feb '260
Mar '260
Apr '260
May '260
Jun '260
Jul '260
Aug '260
Sep '260
Oct '260

Sector Breakdown

Velocity Fund: AI & Machine Learning is the largest displayed sector by deal count (3 deals).All available history.

A deal can appear in multiple sectors, so sector totals may overlap. Capital represents disclosed total round sizes, not fund cheque sizes.

Velocity Fund: AI & Machine Learning is the largest displayed sector by deal count (3 deals). All available history
SectorDeals
AI & Machine Learning3
Health & Life Sciences2
Networks, Cloud & Communication1
Enterprise Software1
Clean Energy & Sustainability1

Deal Size Distribution

Velocity Fund: 5 rounds have a disclosed size in the displayed size bands.All available history.

Undisclosed round sizes are excluded. Capital represents total round sizes, not fund cheque sizes.

Velocity Fund: 5 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M4
$5M-$10M1
$10M-$25M0
$25M-$50M0
$50M-$100M0
$100M-$250M0
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Velocity Fund: Canada has the largest recorded deal count among the displayed regions (5 deals).All available history.

Top 1 of 1 regions; European countries are grouped as Europe.

Velocity Fund: Canada has the largest recorded deal count among the displayed regions (5 deals). All available history
RegionDeals
Canada5
Velocity Fund: 16 co-investors are shown, with MaRS IAF sharing 3 recorded deals.All available history.

Co-Investors

Bubble size = shared deals

Click a bubble to open that fund in a new tab.

Shows up to 20 co-investors ranked by shared deals. Deals may be shared with multiple funds, so rows overlap. Capital is total round size, not fund cheque size.

Velocity Fund: 16 co-investors are shown, with MaRS IAF sharing 3 recorded deals. All available history
Co-investorShared deals
MaRS IAF3
Inovia Capital2
Alif Fund1
Andreessen Horowitz1
Archangel Network1
Friday Ventures1
Front Row Round1
Good Machine1
Graphite Ventures1
JLL Spark1
Mistral Venture Partners1
StarForge1
Suno Growth1
Walking Softer1
XX1
Young Founders Fund1

Investment Strategy

Velocity Fund: Led accounts for 0% and participating for 100% of round participation.All available history.
Velocity Fund: Led accounts for 0% and participating for 100% of round participation. All available history
CategoryDeals (count)Share (%)
Led00%
Participating5100%
Velocity Fund: Single-lead accounts for 0% and co-led for 0% of lead dynamics.All available history.
Velocity Fund: Single-lead accounts for 0% and co-led for 0% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead00%
Co-led00%

Lead dynamics requires at least one led deal in this range

Team

David Shak

CTO/Strategy Mentor

John A. G. Dick

Director of Concept (Interim)