# Density Ventures

> Density Ventures is a VC fund backing Software and Artificial Intelligence. See 12 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: Toronto, Canada
- Total investments: 12
- Last investment: Jan 2019
- Lead investor: 25%
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/density-ventures/
- Website: http://densityventures.com

Density Ventures is a VC fund in Toronto focused on Software and Artificial Intelligence. Early stage investor, co-investments in North America & Europe. We write small cheques and help with making companies investable for others. Focus: Machine Learning in Health, Industrial. Focus going forward: climate positive startups with real impact (Energy generation, distribution, conservation, mobility, zero waste)

## Contacts

5 contacts available for Density Ventures. Shizune tracks 1 team members at Density Ventures. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/density-ventures?utm_source=investor_profile

## Round sizes

| Stage | Round size |
| --- | --- |
| Seed | $15k–$1.3M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Software | 5 | 42% |
| Artificial Intelligence | 4 | 33% |
| Big Data | 3 | 25% |
| Hardware | 3 | 25% |
| Health Care | 3 | 25% |

41 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Seed | 11 | 92% |
| Funding Round | 1 | 8% |

### Country

| Country | Investments | Share |
| --- | --- | --- |
| Canada | 9 | 75% |
| Germany | 2 | 17% |
| United States | 1 | 8% |

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Stephan Uhrenbacher | Founding Partner | 2 | https://shizune.co/investors/profile/stephan-uhrenbacher |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Wondeur Ai | Wondeur researches the dynamics of value creation and biases in the art world. Wondeur equips museums and art professionals with new information to achieve their curatorial goals and provides the financial industry the tools and knowledge necessary to deliver responsible art asset strategies. It quantifies the artist’s growth, tracks the evolutionof value, and measures the past and future influence of museums and galleries, globally. |  |  | Jan 01, 2019 |  |
| Elucid Labs | Elucid Labs is a MedTech company developing augmented intelligence imaging solution for early detection and diagnosis of skin cancer.Its proprietary imaging technology probes the molecular makeup of the skin at different layers and produces an unique fingerprint for the mole/lesion. The company has developed a proprietary AI technologytranslates this fingerprint into valuable clinical informatics to assist dermatologists in making better, faster, and more well informed decisions. With its technology, detection and diagnosis of skin cancer can be performed at much earlier stages of development which in turn reduces the cost of treatment as well as significantly reducing the unnecessary biopsies carried out every year. |  | Seed | Aug 01, 2017 |  |
| InnerSpace | InnerSpace is the fastest way to transform your business and power the hybrid workplace strategy. Delivering the world’s most accurate WiFi-based indoor location data, the company gives Fortune 500 clients unparalleled insight into how people use their space and create innovative solutions that drive revenue and improve operations in their SmartBuildings. The scalable and cost-effective platform includes an easy-to-use API, out-of-the-box analytics, and workflow initiation solutions with real-time experience driving behavior change, improve efficiency and drive outcomes. There is opportunity in every square foot. Innerspace.io | $900K | Seed | Feb 15, 2017 |  |
| Kyndi | Kyndi's Natural Language-powered platform helps organizations find answers in unstructured, text-based data at unparalleled speed. | $1.3M | Seed | Jul 14, 2016 |  |
| Chisel.ai | Chisel can read and understand unstructured and structured text just like a human. Our applications extract intelligence from documents that were previously unreadable by machines and use this intelligence to create value in ways that were previously impossible. |  | Seed | Jun 01, 2016 |  |
| Square Metrics GmbH | Square Metrics offers mobile tracking solutions for customer analytics and asset analytics. They also provide location based solutions. Their customers inquiries are addressed through phone, email, and online applications. |  | Seed | Jun 01, 2015 |  |
| TritonWear | TritonWear builds the world’s most accurate sports wearable and the only one that provides personalized, AI-based auto-coaching driven by an individual's data. By addressing the largest problem plaguing the projected $15B fitness and sports wearables market - inaccurate data and no actionable feedback - TritonWear has taken a unique positionin the market. | $1M | Seed | Jan 15, 2015 |  |
| Oncoustics AI | Oncoustics is creating and deploying advanced AI solutions for low cost, non-invasive surveillance, diagnostics, and treatment monitoring of diseases with high unmet clinical need. Unlike other players in the space, Oncoustics does not do image recognition. Instead, Oncoustics applies AI to raw ultrasound signals from readily available handheldultrasound devices to rapidly differentiate healthy versus diseased tissues. There's a wealth of information in these raw signals and this approach reveals novel biomarkers that can be aligned with existing standards and categorization systems. Initially targeting liver disease, a $30B global diagnostic market, Oncoustics has filed a Breakthrough Device Designation Request with the FDA for the OnX that detects liver fibrosis and the 510K is underway. Several follow-on liver products are in development. Oncoustics also has clinical data on other organ indications including prostate, kidney, breast and thyroid diseases and cancers. |  | Seed | Sep 08, 2014 |  |
| GBatteries | Our technology enables dramatic improvements to battery charge time and cycle life, enabling Electric Vehicles to charge as fast as it takes to fill up a tank of gas. |  | Seed | Mar 25, 2014 |  |
| Wunder Mobility | Wunder Mobility is a software and hardware provider for vehicle sharing. Its highly customizable and deeply integrated software solution is complemented by a sharing-ready vehicle program built in partnership with manufacturers. |  | Seed | Dec 23, 2013 |  |

10 of 12 investments shown.

## Co-investors
- [Pool Global Partners](https://shizune.co/investors/profile/pool-global-partners) — VC Fund, 2 deals together
- [10x Group](https://shizune.co/investors/profile/10xgroup) — VC Fund, 1 deal together
- [500 Global](https://shizune.co/investors/profile/500-startups) — VC Fund, 1 deal together
- [500 Startups Canada](https://shizune.co/investors/profile/500-startups-canada) — VC Fund, 1 deal together
- [BDC Venture Capital](https://shizune.co/investors/profile/bdc-venture-capital) — VC Fund, 1 deal together
- [Corus Entertainment](https://shizune.co/investors/profile/corus-entertainment) — VC Fund, 1 deal together

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## FAQ

### What does Density Ventures invest in?

Density Ventures invests primarily in Software, Artificial Intelligence and Big Data startups, most often at Seed and Funding Round stage. Most of the 12 investments tracked by Shizune back companies in Canada. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is Density Ventures's check size?

Density Ventures typically joins rounds of $15k–$1.3M at Seed. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds Density Ventures participates in.

### How do I contact Density Ventures?

Public channels for Density Ventures include LinkedIn 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 Density Ventures?

The team at Density Ventures includes Stephan Uhrenbacher (Founding Partner). 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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