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Velocity Fund

Velocity Fund

Waterloo, Ontariouwaterloo.ca

Overview

Velocity Fund is a pre-seed and seed stage venture capital fund spun out of the University of Waterloo that invests in early-stage companies across the software, deep tech, and health tech sectors.

Year Founded

2019

Portfolio Companies

10

Investments

Velocity Fund investments
CompanyDateStageLead
TimeSmartAI Inc.Apr 2026Early FundingCo-investor
Versos AINov 2025SeedCo-investor
VoltraMay 2025Pre SeedCo-investor
Vessl ProstheticsJan 2025Pre SeedCo-investor
illumiSonics Inc.Mar 2024Early FundingCo-investor

Key People

CRSP Ola Olayinka

Health Safety Environment Systems & Compliance Partner

Andrea Edginton

Hallman Director, School of Pharmacy, Professor

Chris Eliasmith

Professor, Founding Director of the Centre for Theoretical Neuroscience

Nargis Nigar

Project Manager and Principal Investigator

Lili Kwan

Project and Portfolio Manager

Sector & Stage Mix

Industry, funding stage, and valuation band breakdowns.

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Investment Activity

Yearly cadence, pace, and funding raised over time.

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2021
2022
2023
2024
2025
2026

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FAQ

Firmographic Details

HeadquartersWaterloo, Ontario
Year Founded2019

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