Accelerate Fund
VC Fund
Calgary, Canada
Accelerate Fund is a VC fund in Calgary focused on Software and Health Care. Accelerate Fund represents a partnership of organizations brought together to share their collective expertise and capital to help Alberta technology entrepreneurs increase their investment dollars, and ultimately their companies to new heights.Launched with a $10 million investment from Alberta Enterprise, the Accelerate Fund provides additionalfinancing options to early stage technology companies. The fund is managed by AVAC Ltd. which will review applications; perform due diligence; rule on investment decisions; and provide ongoing support to portfolio companies. An extensive advisory network called the Accelerate Fund Industry Committee has been designed to serve as a “hands-on” resource to the fund and its portfolio companies.Accelerate Fund was founded in 2012 and is headquartered in Calgary, Alberta, Canada.
- Total investments:
- 60
- Last investment:
- Lead investor:
- 28%
- Fund size:
- $15M
- Last fund:
Last updated:
For AI agents: llms.txt
Industries Accelerate Fund invests in
Stages Accelerate Fund invests in
Countries Accelerate Fund invests in
Round sizes
Contacts
| Name | Phone | Socials | |
|---|---|---|---|
2 more contacts available
Round size
- Seed
- $1M–$7.1M
- Series A
- $951k–$13M
Investment Focus
Industry
- Software 17 (28%)
- Health Care 11 (18%)
- Medical 7 (12%)
- Information Technology 7 (12%)
- SaaS 5 (8%)
Stage
- Seed 16 (27%)
- Funding Round 14 (23%)
- Series A 9 (15%)
- Angel 7 (12%)
- Pre-Seed 6 (10%)
Country
- Canada 39 (65%)
- United States 5 (8%)
Team
| Name | Title | Investments | Links | |
|---|---|---|---|---|
|
Arden Tse
Investment Manager
|
Investment Manager | Total investments: 4 | Find email | |
|
Mark Carlson
VP, Investments
|
VP, Investments | Total investments: 0 | Find email | |
|
Warren Bergen
VP, Corporate Development
|
VP, Corporate Development | Total investments: 0 | Find email |
Investments
| Company | Description | Round | Links |
|---|---|---|---|
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On demand shift filling platform for dental offices and dental professionals. | Seed / Apr 16, 2026 | |
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Cellar Insights provides potato growers with a simple way to remotely monitor and act on storage conditions. | Seed / Sep 08, 2025 | |
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Northernmost is a company that develops machines that protect and transport donated kidneys for transplantation. | $1.9M / Seed / Apr 03, 2025 | |
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Wyvern is a space company located in Edmonton, Alberta, Canada delivering Earth Observation imagery from satellite platforms. | $6M / Oct 17, 2024 | |
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PulseMedica, an Edmonton-based medical device startup, is developing an ophthalmic medical device platform for non-invasive, automated image-guided laser treatment enabled by 3D computer vision, real-time tracking, and femtosecond laser technology. PulseMedica is laser-focused on improving the quality of life for millions of people by buildingrevolutionary technology to image and treat vitreoretinal disease. PulseMedica’s short-term vision is to become the global expert in non-invasive, safe, effective screening and treatment of eye floaters, with the ultimate vision of becoming the global standard for screening and treating vitreoretinal disease. | $8.7M / Seed / May 29, 2024 | |
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Care Group is revolutionizing mental health with advanced AI and disruptive technologies, empowering individuals and communities by introducing scalable, user-friendly solutions that respect all users. | $1.5M / Venture - Series Unknown / May 15, 2024 | |
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We offer a mobile application for patients to analyze treatment plans and their health effects; share health experience; give caregivers access; and provide this data to both researchers and practitioners. Researchers bear the cost to acquire valuable patient data while patients deal with information chaos after a diagnosis of a disease. We solveboth. Our software-as-a-service can be configured to suit the needs of single or multiple disease profiles and allow a patient to track any treatment, symptom or metric deemed important. Our solution is scalable, configurable to any disease and not geographically limited. These advantages have attracted foundations, pharmaceuticals and clinical researchers to our service with the goal of acquiring real-world data more effectively then current methods. | $1.1M / Seed / Jan 16, 2024 | |
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Ambyint delivers an Artificial Intelligence (AI) Driven automation and analytics solution for artificial lift optimization that builds on traditional physics-based techniques. Built on 10+ years of domain expertise, Ambyint automates diagnosis, automatically adjusts operating parameters, and predicts failures, resulting in improved production andreduced LOE. Customers deploy the Ambyint Production Optimization Platform either with existing customer SCADA systems or with Ambyint’s High Resolution Adaptive Controllers, which enable higher resolution data acquisition and automated control for artificial lift systems. | Nov 14, 2023 | |
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Every year, 95,000 local governments in North America issue 1.7 million RFPs worth $750B in contract value. The companies who rely on this work spend $56B USD yearly on sales and marketing to access it. Ontopical is the leading marketing intelligence platform they use to gain an advantage. Our software scrapes and analyzes thousands of municipalmeeting agendas, minutes, and videos every week, enabling clients to build crucial relationships long before proposals are broadly solicited. CEO Derrick Koenig grew his previous company to $5M revenue and a profitable exit. In three months. We already monitor >15,000 municipalities, and in 2022 our next-generation machine learning technology will automagically predict early signals of upcoming business opportunities for your business, letting you get in front of RFPs. | $2.4M / Seed / Sep 14, 2023 | |
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Founded in 2020 in Calgary, Alberta, WaitWell is a B2B SaaS innovator reshaping queue and appointment management across healthcare, education, retail, government, and event venues. Hundreds of universities, clinics, government offices and other service locations across North America trust WaitWell to streamline service operations. With a virtualqueuing and appointment booking platform, the company replaces physical lines with a seamless system, allowing customers to join via mobile, QR code, or SMS text. This reduces wait times by up to 35%, minimizes walk‑aways by 60%, and boosts staff efficiency by over 30%. WaitWell also offers payments so clients can pay for service at the time they join the line or make an appointment, staff scheduling, event management and visitor check ins. Co‑founded by Steve and Shannon Vander Meulen - entrepreneurs who identified the need while managing motor‑vehicle administration office (DMV), WaitWell has attracted seed funding totaling approx. CAD 2.5 million, led by Graphite Ventures, Accelerate Fund, Metiquity Ventures, and others. Today, the platform serves hundreds of locations, including large universities and medical clinics, supports over 25 million users, and has saved visitors more than 7 million hours of waiting. WaitWell’s modular architecture offers appointment booking, event workflows, virtual meeting check‑ins, data analytics, payments and staff‑scheduling tools. This focus on data‑driven service optimization gives clients clear visibility into operations, enabling smarter staffing, resource allocation, and improved customer experience. Headquartered in Calgary, WaitWell is rapidly expanding into private healthcare and the U.S. public‑service market. Its mission: eliminate anxiety and improve efficiency by transforming waiting into a productive, stress‑free experience.WaitWell sets itself apart from the competition with its highly configurable architecture, allowing organizations with hundreds or thousands of locations to manage service operations from one administrative panel while allowing individual locations to maintain unique workflows and settings. WaitWell is a leader in the category also in terms of compliance and security, with RBAC (role-based access control) and SOC2 compliance. WaitWell also integrates with EHRs such as Charm Health, Medi EHR, Vetspire, Shepherd, Athena and EPIC, as well as enterprise software tools like Salesforce, HubSpot, People Soft, Google Meets, Zoom, Teams, MailChimp, Survey Monkey, Shibboleth, Azure, Microsoft Teams and others. WaitWell offers a real-time dashboard for up-to-the-minute insights into service operations as well as reports which enable service managers to dive deeper to uncover trends and patterns affecting service delivery and resource optimization. | $1.1M / Seed / Jul 11, 2023 | |
| See all 60 investments → | |||
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FAQ
What does Accelerate Fund invest in?
Accelerate Fund invests primarily in Software, Health Care and Medical startups, most often at Seed and Funding Round stage. Most of the 60 investments tracked by Shizune back companies in Canada. The Investment Focus section breaks down every industry, stage and country in the portfolio.
What is Accelerate Fund's check size?
Accelerate Fund typically joins rounds of $1M–$7.1M at Seed and $951k–$13M at Series A. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds Accelerate Fund participates in.
How do I contact Accelerate Fund?
Public channels for Accelerate Fund include LinkedIn, X (Twitter) and the website linked on this profile. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.
Who are the partners at Accelerate Fund?
The team at Accelerate Fund includes Arden Tse (Investment Manager), Mark Carlson (VP, Investments) and Warren Bergen (VP, Corporate Development). The Team section lists each member with their title, investment count and links.
Is Shizune's investor data accurate?
Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.
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