# Heron Rock Fund

> Heron Rock Fund is a VC fund in Ottawa backing Software, Health Care and SaaS. See 63 investments, check sizes, portfolio. Updated Aug 2026.

- Type: VC Fund
- Location: Ottawa, Canada
- Total investments: 63
- Last investment: May 2025
- Lead investor: 16%
- Last fund: Jan 2022
- Last updated: Aug 2026
- Website: https://www.heronrock.com/

Heron Rock Fund is a VC fund in Ottawa focused on Software and Health Care. The Heron is known for its patience, standing still until the exact right moment to strike. Heron Rock is a physical place, a rock outside our office where a Heron often chooses to rest, when not hunting.

## Round sizes

| Stage | Round size |
| --- | --- |
| Seed | $1.1M–$5M |
| Series A | $6.5M–$18M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Software | 19 | 30% |
| Health Care | 12 | 19% |
| SaaS | 10 | 16% |
| Artificial Intelligence | 9 | 14% |
| Financial Services | 8 | 13% |

121 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Seed | 21 | 33% |
| Series A | 18 | 29% |
| Funding Round | 12 | 19% |
| Series B | 4 | 6% |
| Pre-Seed | 3 | 5% |

8 stages tracked in total.

### Country

| Country | Investments | Share |
| --- | --- | --- |
| United States | 35 | 56% |
| Canada | 19 | 30% |
| India | 1 | 2% |
| United Kingdom | 1 | 2% |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| ProteinQure | ProteinQure is a Toronto-based startup building a computational platform for design of protein therapeutics. Our mission is to help to create a world where drugs are engineered, not discovered. We work on treatments for cancer, diabetes, asthma, and cardiovascular diseases, among others, and partner with industry leaders in drug discovery togenerate novel therapeutics outside of the conventional chemical space. | $11M | Series A | May 27, 2025 |  |
| Helaina | Helaina builds better breast milk alternatives for the modern parent. It is dedicated to supporting parents with breastfeeding. It was founded in 2019 by Laura Katz and is headquartered in New York. | $45M | Series B | Sep 25, 2024 |  |
| Aifleet | Aifleet is the first full-stack tech/trucking company, utilizing advanced AI algorithms to maximize asset utilization. The company was established with a mission of harnessing the power of technology to rebuild trucking for hard-working drivers. Aifleet operates in the $400 bn full truckload market. Since launching operations in late 2020,aifleet has demonstrated the power of its technology; today, aifleet's asset utilization is ~35% higher than industry average. | $16.6M | Series B | Sep 10, 2024 |  |
| Jumbotail | Jumbotail is an operator of an online marketplace that simplifies food and grocery shopping.Jumbotail is a VC funded startup building an online marketplace for food and grocery, targeted at wholesale buyers. It also operates a marketplace that connects tens of thousands of these Kirana stores with brands and traders. The company offers a wholesuite of services including supply chain logistics, a mobile app for placing orders, integration with point-and-sales devices, and credit solutions to shop owners that can’t easily get a loan from banks.They offer a wide selection of high-quality staples, homecare, packaged foods, and personal care products from all the leading brands, and staples producers. Their vision is to organize the food and grocery ecosystem in India using technology, data science, and design. They are building products, platforms, and services for the next billion people of India, who have fundamentally different needs - access, language, selection, supply chain, financial, cultural, and the like. Their market potential is huge - in the order of hundreds of billions of dollars. They have a strong core team consisting of alumni from Stanford, CMU, IIT, BITS, etc. having several years of industry experience in companies like Amazon, Flipkart, eBay, BCG, Housing, and Grofers.They are reimagining and reengineering the food and grocery ecosystem through intelligent technology, intuitive design, and innovative business and supply chain models. They are a passionate team driven by their sense of purpose to solve a critical real-world problem. Each team member will have significant ownership of key components that go into the next-generation e-commerce, supply chain, demand generation, and credit technology platforms and services that they are building. | $18.2M | Series C | Mar 18, 2024 |  |
| Heard Technologies | Heard Technologies is a financial operations platform for mental health professionals in private practice. Founded in 2019 by Andrew Riesen and Victoria Li, Heard helps independent providers start and run their practices with integrated formation, bookkeeping, payroll, and tax software, delivering real-time financial insights. | $15M | Series A | Jun 22, 2023 |  |
| Fieldcraft | Fieldcraft is the first B2B marketplace and digital supply chain for food and agriculture. Fieldcraft helps producers simplify marketing and automate sample and order management, and the platform offers buyers a modern ecommerce experience that increases transparency, simplifies procurement and reduces the investment required to innovate.We're building a new supply chain and empowering businesses that are promoting biodiversity, restoring soil and pioneering new markets. |  | Seed | Mar 13, 2023 |  |
| Henry Meds | Henry is a platform that empowers clinicians to deliver affordable treatment for chronic medical conditions. |  | Seed | Oct 14, 2022 |  |
| Guava | Guava is a digital bank designed for and by black small business owners. It is to help close the racial wealth gap by providing equitable financial products to black entrepreneurs. | $2.4M | Pre-Seed | Jul 26, 2022 |  |
| Guava | Guava is a digital bank designed for and by black small business owners. It is to help close the racial wealth gap by providing equitable financial products to black entrepreneurs. | $2.4M | Seed | Jul 26, 2022 |  |
| Preventia Technologies | Preventia Technologies makes doctors 10x more efficient. We solve the most significant problem in healthcare - the global doctor shortage. | $1M | Pre-Seed | Feb 15, 2022 |  |

10 of 63 investments shown.

## Co-investors
- [Hedgewood](https://shizune.co/investors/profile/hedgewood) — VC Fund, 11 deals together
- [Golden Ventures](https://shizune.co/investors/profile/golden-venture-partners) — VC Fund, 5 deals together
- [Palo Santo Fund](https://shizune.co/investors/profile/palo-santo-venture-fund) — VC Fund, 4 deals together
- [Nexus Venture Partners](https://shizune.co/investors/profile/nexus-venture-partners) — VC Fund, 3 deals together
- [Proton Enterprises](https://shizune.co/investors/profile/proton-enterprises) — VC Fund, 3 deals together
- [Accomplice](https://shizune.co/investors/profile/accomplice-atlas-venture) — VC Fund, 2 deals together

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## FAQ

### What does Heron Rock Fund invest in?

Heron Rock Fund invests primarily in Software, Health Care and SaaS startups, most often at Seed and Series A stage. Most of the 63 investments tracked by Shizune back companies in United States. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is Heron Rock Fund's check size?

Heron Rock Fund typically joins rounds of $1.1M–$5M at Seed and $6.5M–$18M 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 Heron Rock Fund participates in.

### When did Heron Rock Fund last invest?

The most recent investment recorded for Heron Rock Fund closed in May 2025. Shizune tracks 63 investments in total for this profile, including round sizes, stages and portfolio companies, all sourced from confirmed public funding rounds and refreshed monthly.

### 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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