# MaRS Investment Accelerator Fund: portfolio, investments and team

> MaRS Investment Accelerator Fund is a vc firm based in Canada. 141 investments on record, 7 in the last 12 months, latest Oct 2026.

Source: https://millionrounds.com/fund/mars-investment-accelerator-fund (Millionrounds; every figure on the page links to its filing or article)

Canada · [Investor](https://millionrounds.com/investors)

# MaRS Investment Accelerator Fund

Last cheque observed Oct 2026; 141 cheques on record.

Email

Deploying now VC firm

Pre-seed Seed Series A Biomarker Bioimaging Med Device

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Deploying now

**78%** of best year **7** **cheques in 12 months**, 141 on record

Since the last cheque **17** days **00** hrs **00** min **00** sec

Median round **$2.5M** Rounds led **1 of 141** Sole investor **59 rounds** Exits **11 from the portfolio** Mostly in **Canada, 97%**

Pitch MaRS Investment Accelerator Fund

## MaRS Investment Accelerator Fund highlights

- 01 7 cheques in the last 12 months
- 02 Mostly Seed and Venture: 78% of its rounds
- 03 Sole investor in 59 rounds, median $500K
- 04 11 exits from the portfolio

## What they do

> We’re MaRS IAF, one of Canada’s most active early-stage investors. From their own website

- **Type:** VC firm (from a list, unverified)
- **Cheque size:** Not stated
- **Stages:** Pre-seed Seed Series A Series B
- **Sectors:** Biomarker Bioimaging Med Device
- **Based in:** Toronto, Canada
- **Cold pitches:** Accepted

## The record

Every round we can evidence, newest first **141 appearances**

- **2026** 6 rounds
- **Oct** **[Sprout Family](https://millionrounds.com/company/sprout-family)** Seed · CA · The SaaS News **$2.5M** With 4 others
- **Sept** **[Daedal Systems](https://millionrounds.com/company/daedal-systems)** Seed · CA · BetaKit **$4.0M** With 4 others
- **Sept** **[Thri5](https://millionrounds.com/company/thri5)** Seed · CA · BetaKit **$5.4M** With 6 others
- **Sept** **[Azoma](https://millionrounds.com/company/azoma)** Seed · CA **$4.0M** With 2 others
- **Jul** **[Cybeats Technologies](https://millionrounds.com/company/cybeats-technologies)** CA **$1.4M** With 2 others
- **Jan** **[Brickeye](https://millionrounds.com/company/brickeye)** Series B · CA · GreenSky Ventures **$10M** With 7 others
- **2025** 5 rounds
- **Nov** **[Falcon](https://millionrounds.com/company/falcon)** Pre-seed · CA **$1.5M** With 2 others
- **Aug** **[MedMe Health](https://millionrounds.com/company/medme-health)** Venture · CA **Undisclosed** With 4 others
- **Jul** **[Cavelo](https://millionrounds.com/company/cavelo)** Seed · CA **$3.6M** With 1 other
- **Mar** **[Sprout Family](https://millionrounds.com/company/sprout-family)** Pre-seed · CA **$1.2M** With 2 others
- **Feb** **[StackAdapt](https://millionrounds.com/company/stackadapt)** Growth · CA · Crunchbase News **$235M** With 4 others
- **2024** 7 rounds
- **Dec** **[Cyder](https://millionrounds.com/company/cyder)** Pre-seed · US **$1.1M** With 1 other
- **Nov** **[Homewise](https://millionrounds.com/company/homewise)** Venture · CA **$1.3M** With 2 others
- **Nov** **[runQL](https://millionrounds.com/company/runql)** Pre-seed · CA **$1.1M** With 2 others
- **Sept** **[Ecomtent](https://millionrounds.com/company/ecomtent)** Pre-seed · CA **$845K** With 1 other
- **Sept** **[Bloks, Inc.](https://millionrounds.com/company/bloks-inc)** Seed · CA **$1.5M** With 1 other
- **Jul** **[ReliON](https://millionrounds.com/company/relion)** Seed · CA · Diagram **$3.0M** With 4 others
- **Feb** **[Sibli](https://millionrounds.com/company/sibli)** Seed · CA **$4.5M** With 1 other
- **2023** 4 rounds
- **Aug** **[FlipGive](https://millionrounds.com/company/flipgive)** Series B · CA **$3.7M** With 2 others
- **Jul** **[ThinkData Works Inc.](https://millionrounds.com/company/thinkdata-works-inc)** Debt · CA **$2.0M** With 1 other
- **Jul** **[Monogram Creative Console](https://millionrounds.com/company/monogram-creative-console)** Venture · CA **Undisclosed** With 4 others
- **May** **[Tough Commerce](https://millionrounds.com/company/tough-commerce)** Seed · CA **$1.5M** With 1 other
- **2022** 3 rounds
- **Dec** **[KeyOps](https://millionrounds.com/company/keyops)** Seed · CA **$4.0M** With 1 other
- **Jul** **[Welbi](https://millionrounds.com/company/welbi)** Seed · CA **$2.3M** Sole investor
- **Jan** **[Funnelytics](https://millionrounds.com/company/funnelytics)** Seed · CA **$1.5M** With 2 others
- **2021** 6 rounds
- **Dec** **[Cerio](https://millionrounds.com/company/cerio)** Growth · CA **$48M** With 3 others
- **Dec** **[Polar Sapphire](https://millionrounds.com/company/polar-sapphire)** Grant · CA **$4.1M** With 1 other
- **Sept** **[Irwin](https://millionrounds.com/company/irwin)** Series A · CA **$20M** Sole investor
- **Sept** **[LearnExperts](https://millionrounds.com/company/learnexperts)** Seed · CA **$1.3M** With 1 other
- **Apr** **[VXG](https://millionrounds.com/company/vxg)** Venture **Undisclosed** With 1 other
- **Jan** **[Weever](https://millionrounds.com/company/weever)** Venture **Undisclosed** With 4 others
- **2020** 1 round
- **May** **[Doorr](https://millionrounds.com/company/doorr)** Seed **$1.8M** With 4 others
- **2019** 3 rounds
- **Sept** **[Pagecloud](https://millionrounds.com/company/pagecloud)** Venture **$2.1M** With 2 others
- **May** **[Bonne O Holdings](https://millionrounds.com/company/bonne-o-holdings)** Series B · CA · FinSMEs **$7.5M** With 3 others
- **Apr** **[FindBoB](https://millionrounds.com/company/findbob)** Venture **Undisclosed** With 2 others
- **2018** 4 rounds
- **Jul** **[Lending Loop](https://millionrounds.com/company/lending-loop)** Venture **Undisclosed** With 1 other
- **Jun** **[Statflo](https://millionrounds.com/company/statflo)** Series A · CA · Techvibes **$12M** With 6 others
- **Apr** **[Wysdom.AI](https://millionrounds.com/company/wysdom-ai)** Venture **Undisclosed** With 2 others
- **Feb** **[Upchain](https://millionrounds.com/company/upchain)** Series A **$7.4M** With 1 other
- **2017** 4 rounds
- **Oct** **[Advanced Technology Emission Solutions (ATES)](https://millionrounds.com/company/advanced-technology-emission-solutions-ates)** Grant **$130K** With 1 other

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

## The team

We hold **9** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

## Exits from the portfolio

Companies it backed that were later bought or listed **11 in all**

**[Perspecsys](https://millionrounds.com/company/perspecsys)** Bought by Blue Coat Systems **Undisclosed** Jul 2015

**[Verold](https://millionrounds.com/company/verold)** Bought by [Box](https://millionrounds.com/fund/box) **Undisclosed** Apr 2015

**[SurfEasy](https://millionrounds.com/company/surfeasy)** Bought by [Opera](https://millionrounds.com/fund/opera) **Undisclosed** Mar 2015

**[Bering Media](https://millionrounds.com/company/bering-media)** Bought by Audience Partners **Undisclosed** Oct 2014

**[SeaWell Networks](https://millionrounds.com/company/seawell-networks)** Bought by [Arris Group](https://millionrounds.com/fund/arris-group) **Undisclosed** Apr 2014

**[Vana Workforce](https://millionrounds.com/company/vana-workforce)** Bought by FinancialForce.com **Undisclosed** Nov 2013

**[Locationary](https://millionrounds.com/company/locationary)** Bought by [Apple](https://millionrounds.com/fund/apple) **Undisclosed** Jul 2013

**[Kneebone](https://millionrounds.com/company/kneebone)** Bought by [Deloitte](https://millionrounds.com/fund/deloitte) **Undisclosed** Apr 2013

**[Enomaly](https://millionrounds.com/company/enomaly)** Bought by Virtustream **Undisclosed** Dec 2011

**[Sysomos](https://millionrounds.com/company/sysomos)** Bought by Marketwired **Undisclosed** Jun 2010

**[Atreo Medical](https://millionrounds.com/company/atreo-medical)** Bought by [Medtronic](https://millionrounds.com/fund/medtronic) **Undisclosed** Feb 2010

An exit counts when it came after the firm's first round in the company. From historical deal records.

## The cheque

Pre-seed Seed Series A

Median round joined **$2.5M** the round, not its cheque Alone, median **$500K**

Led 1 of 141 rounds **1%**

- **Sole investor:** 59 rounds
- **Last cheque:** Oct 2026
- **Exits:** 11 from the portfolio

Rounds by stage said on their site

- Seed said *44*
- Venture *32*
- Series A said *11*
- Series B said *6*
- Pre-seed said *5*

Cheques by month Led Joined

Dec 2023 Nov 2026

Often in the room with

- [BDC Capital](https://millionrounds.com/fund/bdc-venture-capital) 13
- [Accel](https://millionrounds.com/fund/accel) 7
- [Ontario Centres of Excellence](https://millionrounds.com/fund/ontario-centres-of-excellence) 6
- [DMZ](https://millionrounds.com/fund/dmz-ventures) 5
- [Export Development Canada](https://millionrounds.com/fund/export-development-canada) 5
- [FedDev](https://millionrounds.com/fund/feddev) 5

**Pitching MaRS Investment Accelerator Fund?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque.

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## Who they invest alongside

The investors most often in the same rounds as MaRS Investment Accelerator Fund. A count of rooms they were both in, not a relationship either has claimed.

[**BDC Capital** VC firm **13** rounds together](https://millionrounds.com/fund/bdc-venture-capital)[**Accel** VC firm **7** rounds together](https://millionrounds.com/fund/accel)[**Ontario Centres of Excellence** VC firm **6** rounds together](https://millionrounds.com/fund/ontario-centres-of-excellence)[**DMZ** Accelerator **5** rounds together](https://millionrounds.com/fund/dmz-ventures)[**Export Development Canada** Government **5** rounds together](https://millionrounds.com/fund/export-development-canada)[**FedDev** VC firm **5** rounds together](https://millionrounds.com/fund/feddev)[**Y Combinator** Accelerator **5** rounds together](https://millionrounds.com/fund/y-combinator)[**Mistral** VC firm **4** rounds together](https://millionrounds.com/fund/mistral)[**NEXT Canada** Accelerator **4** rounds together](https://millionrounds.com/fund/next-ai)[**Omers Ventures** VC firm **4** rounds together](https://millionrounds.com/fund/omers-ventures)[**Creative Destruction Lab** Accelerator **3** rounds together](https://millionrounds.com/fund/creative-destruction-lab)[**Extreme Venture Partners** Accelerator **3** rounds together](https://millionrounds.com/fund/extreme-venture-partners)

## Recently backed

The latest companies MaRS Investment Accelerator Fund put money into.

[**Sprout Family** $2.5M · Oct 2026](https://millionrounds.com/company/sprout-family)[**Thri5** $5.4M · Sept 2026](https://millionrounds.com/company/thri5)[**Cybeats Technologies** $1.4M · Jul 2026](https://millionrounds.com/company/cybeats-technologies)[**Brickeye** $10M · Jan 2026](https://millionrounds.com/company/brickeye)[**Falcon** $1.5M · Nov 2025](https://millionrounds.com/company/falcon)[**MedMe Health** Aug 2025](https://millionrounds.com/company/medme-health)

## Quick answers about MaRS Investment Accelerator Fund

### What does MaRS Investment Accelerator Fund invest in?

MaRS Investment Accelerator Fund invests most often at Seed and Venture (78% of the rounds on record), in sectors such as Biomarker, Bioimaging and Med Device.

### How active is MaRS Investment Accelerator Fund?

141 investments on record, 7 of them in the last 12 months, and it led 1. The most recent was in Oct 2026.

### What has MaRS Investment Accelerator Fund invested in recently?

Its most recent investments on record: Sprout Family (Seed, Oct 2026), Daedal Systems (Seed, Sept 2026) and Thri5 (Seed, Sept 2026).

### How big are MaRS Investment Accelerator Fund's cheques?

The median round it joins is $2.5M.

### Does MaRS Investment Accelerator Fund lead rounds?

Sometimes: it led 1 of its 141 investments on record (1%).

### Where does MaRS Investment Accelerator Fund invest?

Most of the companies it backs are in Canada (97%).

### Is MaRS Investment Accelerator Fund investing now?

Yes: it is actively investing, with 7 investments in the last 12 months.

### Who does MaRS Investment Accelerator Fund invest alongside?

Most often BDC Capital (13 rounds together), Accel (7 rounds together) and Ontario Centres of Excellence (6 rounds together).

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