Velocity Fund II

Waterloo, ON
Pre-SeedSeedRaiseTheNorth verification research (2026-09)

Investment Thesis

Velocity Fund II backs technical founders from Waterloo and beyond at pre-seed and seed stages with guaranteed 2-week decision cycles. The fund is anchored by the University of Waterloo endowment and led by two UW alumni founders who have built companies themselves, prioritizing founders who move fast and have deep technical expertise.

Focus Areas

Investment Stage
Pre-SeedSeed
Sectors
Sector-AgnosticHealthTech

Investment Signals

Check SizeC$34K to C$1.4M
GeographyCanada-focused
ProvincesON
RoleLead
Revenue Stagepre-revenue ok
Business ModelsB2B, SaaS, deep-tech, AI/ML

Sample Portfolio Companies

Crouton Labs
Sensassure
Tinker
Float
ApplyBoard

AUM & Sources

N/A
Assets under management (estimated)
Sources
No public sources found.
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