Investors / University of Waterloo Velocity Fund
University of Waterloo Velocity Fund
University of Waterloo Velocity Fund is an university or institute fund based in Canada. University of Waterloo Velocity Fund has backed 9 Canadian AI companies in the Index, joining 3 tracked rounds. The most recent was Versos AI's C$1.9M seed round in November 2025. University of Waterloo Velocity Fund most often invests alongside Inovia Capital, Andreessen Horowitz and Innovobot Resonance Ventures.
University/Institute based in Canada. 9 Canadian AI companies in the Index, 3 tracked rounds.
- Type
- University/
Institute - HQ country
- Canada
- Companies
- 9
- Tracked rounds
- 3
- Led
- 0
- First tracked deal
- Scribenote, Sep 2024
- Latest tracked deal
- Versos AI, Nov 2025
- Website
- velocity.fund
Portfolio
| Company | Rounds joined (date, round size) | Company's total raised | Role |
|---|---|---|---|
| Versos AI | Seed · Nov 2025 · C$1.9M round | C$1.9M | — |
| runQL | Pre-seed · Nov 2024 · C$1.6M round | C$1.6M | — |
| Scribenote | Seed · Sep 2024 · US$8.2M round | US$8.2M | — |
| Avidbots* | — | — | — |
| DarwinAI* | — | — | — |
| DraftAid* | — | — | — |
| North* | — | — | — |
| Otto Motors* | — | — | — |
| ProNavigator* | — | — | — |
A round's size is the whole round as announced, not this investor's cheque.
* Held per the firm's portfolio page or reported coverage, without a round tracked in the Index.
Frequent co-investors
Inovia Capital (2 shared rounds), Andreessen Horowitz (1 shared round), Innovobot Resonance Ventures (1 shared round), Island Capital Partners (1 shared round), MaRS Investment Accelerator Fund (1 shared round), Mistral Venture Partners (1 shared round), New Brunswick Innovation Foundation (1 shared round), Philip Rathle (1 shared round)
Data as of November 10, 2026.