# Urban Innovation Fund: portfolio, investments and team

> Urban Innovation Fund is a vc firm based in Canada. 46 investments on record, 7 in the last 12 months, latest Oct 2026.

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

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

# Urban Innovation Fund

Last cheque observed Oct 2026; 46 cheques on record.

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Deploying now New fund $14M, Mar 2025 VC firm

Pre-seed Seed Series A Therapy Lending Medical Device

Follow Urban Innovation Fund and see its new cheques in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Ffund%2Furban-innovation-fund)

Deploying now

**70%** of best year **7** **cheques in 12 months**, 46 on record

Since the last cheque **10** days **00** hrs **00** min **00** sec

Median round **$5.2M** Cheque size, as they say **$750K – $1.5M** Rounds led **2 of 46** Sole investor **3 rounds** Mostly in **United States, 77%**

Pitch Urban Innovation Fund

## Urban Innovation Fund highlights

- 01 7 cheques in the last 12 months
- 02 Mostly Seed and Series A: 72% of its rounds
- 03 Sole investor in 3 rounds, median $2.6M

## What they do

> Filed 1 private fund offering with the SEC, the most recent in 2022-06 From their own website

- **Type:** VC firm (from a list, unverified)
- **Cheque size:** $750K – $1.5M as they say
- **Stages:** Pre-seed Seed Series A
- **Sectors:** Therapy Lending Medical Device
- **Based in:** San Francisco, Canada
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **46 appearances**

- **2026** 6 rounds
- **Oct** **[Pennant](https://millionrounds.com/company/pennant)** Seed · US · Fintech Global **$5.0M** *Led*
- **Aug** **[Lambda Surgical](https://millionrounds.com/company/lambda-surgical)** Seed · US **$6.5M** With 3 others
- **Jun** **[Sent](https://millionrounds.com/company/sent)** Series A · US **$9.6M** With 2 others
- **May** **[Moritz](https://millionrounds.com/company/moritz)** Seed · Urban Innovation Fund **$9.0M** With 4 others
- **Apr** **[Variance](https://millionrounds.com/company/variance)** Series A · US · Ventureburn **$22M** With 4 others
- **Feb** **[Mogul](https://millionrounds.com/company/mogul)** Seed · SG **$5.0M** With 2 others
- **2025** 7 rounds
- **Dec** **[Oscar AI](https://millionrounds.com/company/oscar-ai)** Venture · US **$3.1M** With 1 other
- **Jul** **[Plenna](https://millionrounds.com/company/plenna)** Series A · MX · LatamList **$6.0M** With 9 others
- **Jun** **[Civic IQ](https://millionrounds.com/company/civic-iq)** Seed · US · Incisive Ventures **$3.0M** *Led*
- **May** **[Sent](https://millionrounds.com/company/sent)** Seed · US **$3.5M** With 3 others
- **Apr** **[Exante](https://millionrounds.com/company/exante)** Seed · US **$2.6M** Sole investor
- **Apr** **[Ferrum Health](https://millionrounds.com/company/ferrum-health)** Venture · US **Undisclosed** With 3 others
- **Jan** **[Dataships](https://millionrounds.com/company/dataships)** Series A · IE **$7.0M** With 3 others
- **2024** 8 rounds
- **Sept** **[Ferrum Health](https://millionrounds.com/company/ferrum-health)** Series A · US · Foundry Group **$16M** With 6 others
- **Jun** **[TestParty](https://millionrounds.com/company/testparty)** Seed · Urban Innovation Fund **$4.0M** With 4 others
- **Apr** **[Chemix](https://millionrounds.com/company/chemix)** Series A · Urban Innovation Fund **$20M** With 5 others
- **Mar** **[Range Energy](https://millionrounds.com/company/range-energy)** Series A · US · Trousdale Ventures **$24M** With 4 others
- **Mar** **[Joyride](https://millionrounds.com/company/joyride)** Series A · CA **$5.2M** With 2 others
- **Mar** **[Malloc](https://millionrounds.com/company/malloc)** Venture · CY **Undisclosed** With 2 others
- **Feb** **[Stell](https://millionrounds.com/company/stell)** Seed · US **$4.0M** With 2 others
- **Jan** **[Builders Patch](https://millionrounds.com/company/builders-patch)** Venture · US **Undisclosed** With 2 others
- **2023** 8 rounds
- **Dec** **[Variance](https://millionrounds.com/company/variance)** Seed **$3.1M** With 2 others
- **Dec** **[Intrinsic](https://millionrounds.com/company/intrinsic)** Seed · US **$3.1M** With 2 others
- **Oct** **[Byterat](https://millionrounds.com/company/byterat)** Seed · US **$4.0M** With 4 others
- **Sept** **[Cleancard](https://millionrounds.com/company/cleancard)** Pre-seed · GB **$5.0M** With 2 others
- **Sept** **[Optiwatt](https://millionrounds.com/company/optiwatt)** Series A · US **$7.0M** With 2 others
- **Mar** **[Solarcycle](https://millionrounds.com/company/solarcycle)** Series A · US **$30M** With 1 other
- **Jan** **Grain** Venture · US **$17M** With 3 others
- **Jan** **[Safari AI](https://millionrounds.com/company/safari-ai)** Venture · US **Undisclosed** With 4 others
- **2022** 3 rounds
- **Sept** **[Codi](https://millionrounds.com/company/codi)** Series A · US **$16M** With 4 others
- **Apr** **[BookNook](https://millionrounds.com/company/booknook)** Venture · US **Undisclosed** With 3 others
- **Mar** **[PairTree](https://millionrounds.com/company/pairtree)** Seed · US **$5.1M** With 3 others
- **2021** 4 rounds
- **Sept** **[Coinrule](https://millionrounds.com/company/coinrule)** Seed · GB **$2.1M** With 3 others
- **Apr** **[Voatz](https://millionrounds.com/company/voatz)** Venture **$2.1M** With 3 others
- **Mar** **[Visage](https://millionrounds.com/company/visage)** Series A **$7.0M** With 3 others
- **Mar** **[Popl](https://millionrounds.com/company/popl)** Seed **$2.2M** With 1 other
- **2020** 3 rounds
- **Jul** **[3DEN](https://millionrounds.com/company/3den)** Venture **Undisclosed** With 1 other
- **Mar** **[Ride Report](https://millionrounds.com/company/ride-report)** Series A **$10M** With 3 others
- **Feb** **[Electriphi](https://millionrounds.com/company/electriphi)** Seed **$3.5M** With 1 other
- **2019** 6 rounds
- **Jul** **[Ethic](https://millionrounds.com/company/ethic)** Series A · US · FinSMEs **$18M** With 5 others

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

Named by the firm itself, on a filing, its Form ADV or its company registration **3 named**

CB **Clara Brenner** Managing Director of the Manager i Filing they signed

JL **Julia Lein** Managing Member i Form ADV

JL **Julie Lein** Managing Director of the Manager i Filing they signed

We also hold **4** 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.

## What the register says

From the firm's own filings with the SEC, which it must file accurately by law

**$416M** gross assets of its funds Oct 2026

**Exempt** reporting adviser venture or small private funds

- **Legal name:** Urban Innovation Management LLC
- **SEC number:** CRD 325983

## What they claim to have backed

From their own portfolio page (on their website)

**27** of 60 we have independently watched raise

[Allocate](https://millionrounds.com/company/allocate)[Builders Patch](https://millionrounds.com/company/builders-patch)[Codi](https://millionrounds.com/company/codi)[Coinrule](https://millionrounds.com/company/coinrule)[Commenda](https://millionrounds.com/company/commenda)[Dataships](https://millionrounds.com/company/dataships)[DropCountr](https://millionrounds.com/company/dropcountr)[Ethic](https://millionrounds.com/company/ethic)[Ethic](https://millionrounds.com/company/ethic)[Exante](https://millionrounds.com/company/exante)[Finli](https://millionrounds.com/company/finli)[Jeeves](https://millionrounds.com/company/jeeves)[Lambda Surgical](https://millionrounds.com/company/lambda-surgical)[Malloc](https://millionrounds.com/company/malloc)[Monterra](https://millionrounds.com/company/monterra)[Moritz](https://millionrounds.com/company/moritz)[Oscar AI](https://millionrounds.com/company/oscar-ai)[Plenna](https://millionrounds.com/company/plenna)[Popl](https://millionrounds.com/company/popl)[Route Reports](https://millionrounds.com/company/route-reports)[Sent](https://millionrounds.com/company/sent)[Solarcycle](https://millionrounds.com/company/solarcycle)[Testparty](https://millionrounds.com/company/testparty)[Variance](https://millionrounds.com/company/variance)[Visage](https://millionrounds.com/company/visage)[Voatz](https://millionrounds.com/company/voatz)[codeSpark](https://millionrounds.com/company/codespark) ApplyDesign Avela BookNook Bundle Chief AI Civic IQ ClimateWells Dinya Fabrica Ferrum Infilla Jiffy Joyride KarmaSuite Keygraph Koshy Listening Mason AI McMullen Milk Stork Mogul Numen Ohm AI Pennant Public Grid Replay AI Safari AI Stell Stop, Breathe & Think Synthetic Users Tekton Dynamics Teserac Valor Water Analytics and 1 more

Weaker than a round we watched, stronger than a list somebody sold us. A firm is far less willing to put a company on its own site that it never funded.

New fund on file

**$14M**

raised in Mar 2025

From its SEC filing, not a journalist: a firm that has just raised has money to deploy.

## The cheque

Pre-seed Seed Series A

Median round joined **$5.2M** the round, not its cheque Alone, median **$2.6M**

Led 2 of 46 rounds **4%**

- **Said size:** $750K – $1.5M
- **Sole investor:** 3 rounds
- **Last cheque:** Oct 2026

Rounds by stage said on their site

- Seed said *18*
- Series A said *15*
- Venture *11*
- Pre-seed said *1*
- Series B *1*

Cheques by month Led Joined

Nov 2023 Oct 2026

Often in the room with

- [Y Combinator](https://millionrounds.com/fund/y-combinator) 11
- [645 Ventures](https://millionrounds.com/fund/645-ventures) 3
- [Techstars](https://millionrounds.com/fund/techstars) 3
- [500 Global](https://millionrounds.com/fund/500-startups) 2
- [Bessemer Venture Partners](https://millionrounds.com/fund/bessemer-venture-partners) 2
- [Better Ventures](https://millionrounds.com/fund/better-ventures) 2

**Pitching Urban Innovation 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 Urban Innovation Fund. A count of rooms they were both in, not a relationship either has claimed.

[**Y Combinator** Accelerator **11** rounds together](https://millionrounds.com/fund/y-combinator)[**645 Ventures** VC firm **3** rounds together](https://millionrounds.com/fund/645-ventures)[**Techstars** VC firm **3** rounds together](https://millionrounds.com/fund/techstars)[**500 Global** Angel **2** rounds together](https://millionrounds.com/fund/500-startups)[**Bessemer Venture Partners** VC firm **2** rounds together](https://millionrounds.com/fund/bessemer-venture-partners)[**Better Ventures** VC firm **2** rounds together](https://millionrounds.com/fund/better-ventures)[**Collaborative Fund** VC firm **2** rounds together](https://millionrounds.com/fund/collaborative-fund)[**Flybridge** VC firm **2** rounds together](https://millionrounds.com/fund/flybridge)[**Foundry Group** VC firm **2** rounds together](https://millionrounds.com/fund/foundry)[**GSR** VC firm **2** rounds together](https://millionrounds.com/fund/gsr)[**Gaingels** Private equity **2** rounds together](https://millionrounds.com/fund/gaingels)[**General Catalyst** VC firm **2** rounds together](https://millionrounds.com/fund/general-catalyst)

## Recently backed

The latest companies Urban Innovation Fund put money into.

[**Lambda Surgical** $6.5M · Aug 2026](https://millionrounds.com/company/lambda-surgical)[**Sent** $9.6M · Jun 2026](https://millionrounds.com/company/sent)[**Moritz** $9.0M · May 2026](https://millionrounds.com/company/moritz)[**Variance** $22M · Apr 2026](https://millionrounds.com/company/variance)[**Mogul** $5.0M · Feb 2026](https://millionrounds.com/company/mogul)[**Oscar AI** $3.1M · Dec 2025](https://millionrounds.com/company/oscar-ai)

## On podcasts

2 episodes naming Urban Innovation Fund in the title.

- [Venture Unlocked](https://millionrounds.com/podcasts/venture-unlocked) 16 Mar 2021 · 37 min Clara Brenner of Urban Innovation Fund - Venture Unlocked 026 With [Clara Brenner](https://millionrounds.com/person/clara-brenner) Mentions [Innovation Fund](https://millionrounds.com/fund/innovation-fund)[Urban Innovation Fund](https://millionrounds.com/fund/urban-innovation-fund)[Julie Lein](https://millionrounds.com/person/julie-lein) Apple PodcastsShow page
- [This Week in Startups](https://millionrounds.com/podcasts/this-week-in-startups) 25 Oct 2019 · 1h 17m E993: Superhuman CEO Rahul Vohra shares the formula for his Product-Market Fit Engine; Future of Angel Investing w/Jeff Clavier (Uncork), Ben Ling (Bling), Clara Brenner (Urban Innovation Fund); plus LAUNCH Scale Partner Talk w/Help Scout VP of Sales Tim With [Clara Brenner](https://millionrounds.com/person/clara-brenner) Mentions [Ben Ling](https://millionrounds.com/fund/ben-ling)[Innovation Fund](https://millionrounds.com/fund/innovation-fund)[Jeff Clavier](https://millionrounds.com/fund/jeff-clavier) *+4* Apple PodcastsShow page

## Quick answers about Urban Innovation Fund

### What does Urban Innovation Fund invest in?

Urban Innovation Fund invests most often at Seed and Series A (72% of the rounds on record), in sectors such as Therapy, Lending and Medical Device.

### How active is Urban Innovation Fund?

46 investments on record, 7 of them in the last 12 months, and it led 2. The most recent was in Oct 2026.

### What has Urban Innovation Fund invested in recently?

Its most recent investments on record: Pennant (Seed, Oct 2026), Lambda Surgical (Seed, Aug 2026) and Sent (Series A, Jun 2026).

### How big are Urban Innovation Fund's cheques?

The median round it joins is $5.2M. It says it writes cheques of $750K to $1.5M.

### Does Urban Innovation Fund lead rounds?

Sometimes: it led 2 of its 46 investments on record (4%).

### Where does Urban Innovation Fund invest?

Most of the companies it backs are in the United States (77%) and the United Kingdom (7%).

### Is Urban Innovation Fund investing now?

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

### Who does Urban Innovation Fund invest alongside?

Most often Y Combinator (11 rounds together), 645 Ventures (3 rounds together) and Techstars (3 rounds together).

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