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Velocity Fund is a pre-seed investment firm providing initial capital to early-stage companies. It targets ambitious founders in software, deep tech, and health tech. The fund offers rapid decisions, direct advice, and leverages an extensive network of alumni founders to accelerate venture growth.
Velocity Fund evolved from the University of Waterloo's Velocity Incubator, established in 2008, adopting a founder-first philosophy. Its creation stemmed from experienced entrepreneurs identifying a need for a responsive, supportive early-stage investment partner, leveraging their own startup experiences. This origin positions the fund closely within a leading university entrepreneurial ecosystem.
Velocity Fund targets pre-seed and seed-stage companies, supporting ambitious founders from the University of Waterloo and broader tech communities. It focuses on innovators creating solutions in software, deep technology, and healthcare. The company's vision is to empower these founders with essential capital, expert guidance, and network access, enabling the rapid scaling of impactful enterprises.
Velocity Fund has 2 tracked investments across 2 companies. The latest tracked deal is $4.0M Seed in KeyOps in December 2022.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Dec 1, 2022 | KeyOps | $4.0M Seed | Graphite Ventures | Carol Leaman, Danny Ardellini, James Novak, Archangel Network, MaRS IAF, Starforge |
| Apr 1, 2021 | MedMe Health | $600K Pre-Seed | Connor Edwards | XX, Young Founders Fund |