The Canadian AI Index

Investors / Accelerate Fund III

Accelerate Fund III

Accelerate Fund III is a venture capital firm based in Canada. Accelerate Fund III has backed 2 Canadian AI companies in the Index, joining 2 tracked rounds. The most recent was Ambyint's venture round in November 2023. Accelerate Fund III most often invests alongside BDC Industrial Innovation Venture Fund, BDC Sustainability Venture Fund and Mercury Fund.

VC based in Canada. 2 Canadian AI companies in the Index, 2 tracked rounds.

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Type
VC
HQ country
Canada
Companies
2
Tracked rounds
2
Led
0
First tracked deal
Arolytics, Sep 2023
Latest tracked deal
Ambyint, Nov 2023

Portfolio

CompanyRounds joined (date, round size)Company's total raisedRole
AmbyintVenture round · Nov 2023——
ArolyticsSeed · Sep 2023 · C$3.5M roundC$4.2M—

A round's size is the whole round as announced, not this investor's cheque.

Frequent co-investors

BDC Industrial Innovation Venture Fund (1 shared round), BDC Sustainability Venture Fund (1 shared round), Mercury Fund (1 shared round), Metiquity Ventures (1 shared round), Montrose Lane (1 shared round), Startup TNT (1 shared round)

Data as of November 10, 2026.

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