# UTEST

> UTEST is a VC fund in Toronto backing Health Care and Biotechnology. See 83 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: Toronto, Canada
- Total investments: 83
- Last investment: Feb 2020
- Lead investor: 0%
- Last updated: Aug 2026
- Website: http://utest.to/

UTEST is a VC fund in Toronto focused on Health Care and Biotechnology. University of Toronto Early-Stage Technology Program is an accelerator which is part of University of Toronto's growing ecosystem of incubators and commercialization support services. In partnership with MaRS Innovation and with the financial support of the Connaught Fund, it provides companies with start-up funding, mentoring, businessstrategy and office space at the Banting Building at the University of Toronto St. George Campus. The firm prefers to invest in the mobile, web and big data sectors.

## Contacts

5 contacts available for UTEST. Shizune tracks 1 team members at UTEST. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/university-of-toronto-early-stage-technology?utm_source=investor_profile

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Health Care | 19 | 23% |
| Biotechnology | 19 | 23% |
| Software | 16 | 19% |
| Artificial Intelligence | 12 | 14% |
| Medical | 10 | 12% |

94 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Pre-Seed | 73 | 88% |
| Seed | 7 | 8% |
| Funding Round | 2 | 2% |
| Series A | 1 | 1% |

### Country

| Country | Investments | Share |
| --- | --- | --- |
| Canada | 76 | 92% |
| United States | 2 | 2% |
| Finland | 1 | 1% |

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Daniyal Liaqat | Founder & CEO | 0 | — |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Life Sciences Key Technologies | LSK is looking to tap computer vision to build disease testing hardware (a “lab in a box,” as they put it) small/fast enough to keep in a doctor’s office or workplace. The company says it’s currently running the Zika Virus field trials in Latin America and is looking at how they can bring their computer vision approach in to help tackle theCOVID-19 pandemic. They also say they’ve seen over $100,000 in pre-orders to date. | $74.7K | Pre-Seed | Feb 27, 2020 |  |
| Tartan AI | Tartan AI delivers building blocks for hardware acceleration of Deep Learning. Tartan AI is a hardware/firmware company targeting optimizations for machine learning workloads, offering processing elements and transparent memory compression technologies. |  | Pre-Seed | Feb 01, 2020 |  |
| Aeroflux Braking Systems | Aeroflux is engaged in the design, development, and manufacture of magnetic brakes for business, commuter, and commercial aircraft. Their patent-pending brake technology enables completely contactless, wear-free braking of even large passenger jets. |  | Pre-Seed | Jan 01, 2020 |  |
| NerveX Neurotechnologies | NerveX has developed ANIMO, the adaptive neural implant for modulation and observation. ANIMO is a vessel to implant our proprietary machine learning and responsive electrical neuromodulation technology to repair and augment the nervous system. |  | Pre-Seed | Jan 01, 2020 |  |
| Pearl Interactives | Specializes in co-creating interactive media for children of all abilities for wellness, play, and learning. Our flagship product, a video game system called Bootle BlastTM, uses an innovative mixed reality technology to engage children and youth with neuromotor conditions in exercises that improve functional abilities. |  | Pre-Seed | Jan 01, 2020 |  |
| Addem Labs | Addem Labs is a smart materials company that empowers users to use light from phone or laptop screens as a source of energy to etch Copper patterns in minutes. Their product is almost like a polaroid film – all you need to do is place the film on a digital screen with the design and hold for about 5 minutes; the design will get transferred to theirfilm and peeling a top layer will reveal the Copper pattern. And - it's flexible. Varun, the CTO of Addem labs, will be hosting a session with a beta version of the product. Using the film, Varun will build a capacitive sensor interfaced with an Arduino. After the demo, attendees can use the film to create anything they’d like. Varun will also hand out sample designs of sensors and circuit boards for the attendees to create. |  | Pre-Seed | Jan 01, 2020 |  |
| Starspec technologies | Starspec Technologies is a satellite and space hardware company that enables low barrier-to-entry access to space for research and industrial applications in astrophysics, geophysics, and Earth-sciences. Starspec specializes in hardware solutions and software systems for suborbital and space-based applications, leveraging decades of experiencebuilding, flight qualifying, and refurbishing suborbital payloads. |  | Pre-Seed | Jan 01, 2020 |  |
| Shiphrah biomedical | Shiphrah biomedical is a technology start-up specializing in evidence-based design of medical devices to advance and improve women’s health. Established by a clinician-engineer-scientist in March 2019, Shiphrah Biomedical Inc.’s launchpad and modus operandi is at the intersection of science, engineering, and medicine. We are medtech inventorshelping medical professionals transform their inventive ideas into commercialized technology. |  | Pre-Seed | Jan 01, 2020 |  |
| Quantum bridge technologies QBT | QBT is building the next generation of the internet by overlaying their proprietary software and quantum repeater hardware in order to allow quantum communication between any two parties around the globe. |  | Pre-Seed | Jan 01, 2020 |  |
| ViroCarb | Virocarb is a science-driven biotech company focused on the development and commercialization of innovative drugs for viral infections with urgent unmet therapeutic needs. |  | Pre-Seed | Jan 01, 2020 |  |

10 of 83 investments shown.

## Co-investors
- [Toronto Innovation Acceleration Partners](https://shizune.co/investors/profile/mars-innovation-mi) — VC Fund, 21 deals together
- University of Toronto — VC Fund, 5 deals together
- [Creative Destruction Lab](https://shizune.co/investors/profile/creative-destruction-lab) — VC Fund, 3 deals together
- [FACIT](https://shizune.co/investors/profile/facit-prospects-oncology-fund) — VC Fund, 2 deals together
- [Maple Leaf Angels](https://shizune.co/investors/profile/maple-leaf-angels) — VC Fund, 2 deals together
- [MaRS Discovery District](https://shizune.co/investors/profile/mars-discovery-district) — VC Fund, 2 deals together

## Similar investors

### Similar stage
- [Antler](https://shizune.co/investors/profile/antler-be9c) — VC Fund
- [Right Side Capital Management](https://shizune.co/investors/profile/right-side-capital-management) — VC Fund
- [Everywhere Ventures](https://shizune.co/investors/profile/everywhere-ventures) — VC Fund

## FAQ

### What does UTEST invest in?

UTEST invests primarily in Health Care, Biotechnology and Software startups, most often at Pre-Seed and Seed stage. Most of the 83 investments tracked by Shizune back companies in Canada. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### How do I contact UTEST?

Public channels for UTEST include 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 UTEST?

The team at UTEST includes Daniyal Liaqat (Founder & CEO). 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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