Velocity Fund
- Company typePrivate
- Founded2019
- HeadquartersWaterloo, Canada
- Headcount—
- GTM typeB2B
- OfferingServices
Velocity Fund firmographics
Firmographics- Name
- Velocity Fund
- Legal name
- Velocity Fund II
- Website
- https://velocity.fund
- Company type
- Private
- Founded year
- 2019
- Operating status
- Operating
- Ownership category
- akta.pro rank
Velocity Fund industry classification
Industry- Product category
- Pre-Seed Venture Capital
- NAICS
- Other Investment Pools and Funds (5259)
- akta.pro primary industry
- Early-Stage Venture Capital (Series A/B) (FSANAAAB)
Keywords
Where Velocity Fund is headquartered
LocationHeadquarters
- HQ city
- Waterloo
- HQ country
- Canada
- HQ region
- North America
Offices1 record
Markets served
Velocity Fund business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Infrastructure, Others
Revenue model
- Portfolio company equity returns: Velocity Fund generates returns through equity ownership in portfolio companies. Core cheques of $150k–$1M with 5–7.5% ownership taken per investment. Scout cheques of $25K for earliest signal. Fund I, Fund II, and Rolling Fund structures.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Scout Cheques |
| Other | Multi-year contract | Core Cheques |
Go-to-market motion1 record
Distribution channels2 records
Marketing channels4 records
Velocity Fund product offering
Product offeringCore offering
Velocity Fund is a pre-seed and seed-stage venture capital fund that deploys equity capital into technical founders, primarily from the University of Waterloo ecosystem. It issues scout cheques of $25,000 for the earliest signal and core cheques of $150,000 to $1,000,000, taking 5–7.5% ownership per investment and leading rounds. Beyond capital, the fund provides portfolio companies with network introductions, fundraising advisory, and mentorship from its two General Partners, both former founders who built companies at Velocity Incubator.
Product overview
Velocity Fund is a pre-seed investment fund that provides capital, network access, and advisory services to early-stage technical founders. The fund does not offer a traditional SaaS product or technology platform — its offering consists of financial investment (scout cheques of $25,000 and core cheques of $150,000 to $1,000,000), portfolio company support including fundraising advisory and mentor introductions, and access to the Waterloo ecosystem. No named product modules, sub-products, or software offerings were identified in the source material.
Differentiator
Problem solved
Functional benefit
Products and services
- Scout Cheque Investment
Quantifiable outcome
- 1 in 4 Canadian unicorn founders are from Waterloo
- +3 more outcomes
Companies that use Velocity Fund
Customer profileNamed customers7 records
Segments2 records
Ideal customer profiles2 records
Velocity Fund technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Velocity Fund partnerships and signals
Strategic signalScale indicators5 records
Recent moves7 records
Expansion highlights4 records
Velocity Fund competitors and assessment
Company assessmentDirect peers
- Antler: Global pre-seed fund and accelerator that invests in technical founders at the earliest stages. Comparable in stage focus and check size to Velocity Fund, with a broader geographic footprint across multiple continents.
- MaRS Investment Accelerator Fund: Canadian pre-seed/seed fund that co-invests alongside Velocity Fund in Waterloo-area startups. Targets similar early-stage technical founders and operates at overlapping check sizes, making it the closest direct peer in the Canadian ecosystem.
- Graphite Ventures: Canadian early-stage VC that has co-led rounds with Velocity Fund (e.g., MedMe Health, TimeSmartAI). Targets technical founders at the seed/Series A stage with comparable check sizes and Canadian geographic focus.
- Real Ventures: One of Canada's most active early-stage VCs, with a strong focus on technical founders in Montreal and broader Canada. Directly comparable in stage, check size, and target founder profile to Velocity Fund.
- StandUp Ventures: Canadian pre-seed fund focused on investing in technical founders building transformative companies. Comparable in stage, check size, and Canadian focus to Velocity Fund, with a specific thesis on technical talent.
- Front Row Ventures: Canadian student-led pre-seed fund that has co-invested alongside Velocity Fund (e.g., Swish Solar). Targets similar early-stage technical founders and operates with comparable check sizes in the Canadian ecosystem.
- Forum Ventures: Toronto-based pre-seed/seed fund that invests in B2B SaaS and marketplace startups. Operates at similar stage and check size as Velocity Fund and is part of the same Canadian early-stage ecosystem.
Broad incumbents
- Y Combinator: The world's largest pre-seed/seed accelerator. Several Velocity Fund portfolio companies (MedMe, Tinker) have come through YC, and GP Ross Robinson was previously a YC application reviewer. Operates at vastly larger scale across global deal flow.
- BDC Capital: Canadian government-backed venture capital arm that deploys capital across seed to growth stages. Overlaps with Velocity Fund at the seed stage but operates at much larger scale and across broader sectors.
- Inovia Capital: One of Canada's largest venture funds investing from seed to growth. Overlaps with Velocity Fund in the Canadian ecosystem but operates at a meaningfully larger check size and later stage focus.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks5 records
Key highlights7 records
Customer concentration
Velocity Fund financial estimates
Financial estimateRevenue estimate
Valuation estimate
Velocity Fund leadership team
Management profileNumber of profiles
Profiles2 records
Velocity Fund funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Velocity Fund M&A and investment
M&A and investmentM&A
Investments5 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Velocity Fund
What does Velocity Fund do?
Velocity Fund is a pre-seed and seed-stage venture capital fund that deploys equity capital into technical founders, primarily from the University of Waterloo ecosystem. It issues scout cheques of $25,000 for the earliest signal and core cheques of $150,000 to $1,000,000, taking 5–7.5% ownership per investment and leading rounds. Beyond capital, the fund provides portfolio companies with network introductions, fundraising advisory, and mentorship from its two General Partners, both former founders who built companies at Velocity Incubator.
Is Velocity Fund a public or private company?
Velocity Fund is a private company. It is classified as management employee owned and is currently operating.
When was Velocity Fund founded?
Velocity Fund was founded in 2019.
Where is Velocity Fund based?
Velocity Fund is headquartered in Waterloo, Canada, in the North America region.
How does Velocity Fund make money?
One revenue line is on record: portfolio company equity returns.
Who are Velocity Fund's main competitors?
Direct peers on record are Antler, MaRS Investment Accelerator Fund, Graphite Ventures, Real Ventures, StandUp Ventures, Front Row Ventures and Forum Ventures. Broad incumbents are Y Combinator, BDC Capital and Inovia Capital.
Does Velocity Fund have an API?
No public API is recorded for Velocity Fund.
What industry is Velocity Fund in?
Velocity Fund's product category is Pre-Seed Venture Capital. Its primary akta.pro industry code is FSANAAAB, Early-Stage Venture Capital (Series A/B). Its NAICS code is 5259.