Velocity Fund
Overview
Velocity Fund is a pre-seed and seed stage venture capital fund that spun out of the University of Waterloo's Velocity incubator. It invests in early-stage companies across software, deep tech, and health tech. The original fund was established in 2019, replacing a grant system from the incubator's pitch competition. A successor fund, Velocity Fund II (VFII), announced a first close of US$10 million in May 2025 with a total target of US$25 million. The fund is managed independently of the university, though the University of Waterloo is a Limited Partner. The associated Velocity incubator was founded in 2008 and is described as Canada's most productive early-stage incubator.
Portfolio Companies
10
Website
velocityfund.comInvestments
| Company | Date | Stage | Lead |
|---|---|---|---|
| Pronti AI | Sep 2022 | Pre Seed | Co-investor |
| Ceragen | - | Pre Seed | Co-investor |
| Intelline | Nov 2018 | Grant | Co-investor |
| Vena Medical | Jul 2017 | Grant | Co-investor |
| PiinPoint | Nov 2013 | Grant | Co-investor |
For institutional investors. Book with your work email.
Sector & Stage Mix
Industry, funding stage, and valuation band breakdowns.
FAQ
Where is Velocity Fund based?
Velocity Fund is headquartered in Kitchener, Ontario, Canada.
When was Velocity Fund founded?
Founding year information for Velocity Fund is not publicly available.
How many portfolio companies does Velocity Fund have?
Velocity Fund has 10 portfolio companies in Caplight's dataset.
What are some companies in Velocity Fund's portfolio?
Portfolio companies visible on Caplight include Pronti AI, Ceragen, Intelline, Vena Medical, PiinPoint.
What was Velocity Fund's most recent investment shown here?
Velocity Fund's most recent investment in this portfolio sample was in Pronti AI in 2022.
What sectors does Velocity Fund focus on?
Velocity Fund focuses on Healthcare & Life Sciences, Frontier & Industrial Tech, Healthcare & Life Sciences, Healthcare & Life Sciences, Consumer & Commerce, Healthcare & Life Sciences, Cybersecurity, Real Estate & PropTech, Frontier & Industrial Tech, Healthcare & Life Sciences, Healthcare & Life Sciences, Enterprise Software, Enterprise Software, Enterprise Software, Enterprise Software, AI, Data & Cloud Infrastructure, Enterprise Software, Enterprise Software, Energy & Sustainability.
What company stages does Velocity Fund focus on?
Velocity Fund typically invests at the MultiStage stage.