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 fund evolved from a grant program for a pitch competition into its first formal investment fund in 2019. A successor fund, Velocity Fund II (VFII), announced a first close of US$10 million in May 2025, and is notably the first venture fund in Canada to be backed by a university endowment (University of Waterloo). Velocity Fund II is independently managed by General Partners Akash Vaswani and Ross Robinson.
Portfolio Companies
1
Website
velocityfund.caInvestments
| Company | Date | Stage | Lead |
|---|---|---|---|
| TimeSmartAI Inc. | Apr 2026 | Early Funding | Co-investor |
Sector & Stage Mix
Industry, funding stage, and valuation band breakdowns.
FAQ
Where is Velocity Fund based?
Velocity Fund is headquartered in Waterloo, 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 1 portfolio company in Caplight's dataset.
What are some companies in Velocity Fund's portfolio?
Portfolio companies visible on Caplight include TimeSmartAI Inc..
What was Velocity Fund's most recent investment shown here?
Velocity Fund's most recent investment in this portfolio sample was in TimeSmartAI Inc. in 2026.
What sectors does Velocity Fund focus on?
Velocity Fund focuses on Healthcare & Life Sciences, Enterprise Software.
What company stages does Velocity Fund focus on?
Stage focus information for Velocity Fund is not publicly available.