# Velocity

> Velocity is a VC fund in Waterloo backing Health Care and Software. See 114 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: Waterloo, Canada
- Total investments: 114
- Last investment: Mar 2025
- Lead investor: 66%
- Fund size: $732k
- Last fund: Jul 2011
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company-beta/15226851/
- X (Twitter): https://twitter.com/uwvelocity
- Website: http://velocity.uwaterloo.ca/
- Facebook: https://www.facebook.com/UWaterlooVelocity/?

Velocity is a VC fund in Waterloo focused on Health Care and Software. The Velocity Fund is a grant program for startups that offers $390,000 in equity-free funding each year to local startups through its Velocity Fund $25K and Velocity Fund $5K programs at the University of Waterloo.The Velocity Garage incubator is home base to 75+ early-stage startups building technology-based businesses in the heart of WaterlooRegion.Velocity Start is workspace on-campus at the University of Waterloo for people who want to learn about entrepreneurship and collaborate with like-minded people. Resources include lounge and workspace, booking space, weekly workshops, and startup coaching.Velocity Science is a partnership between Velocity and the University of Waterloo Faculty of Science, providing students interested in building a science startup with the right tools and resources to initiate and develop world-class science companies.The Velocity Residence provides aspiring entrepreneurs living in Waterloo Residences with the opportunity to collaborate and work on projects they are passionate about.

## Contacts

5 contacts available for Velocity. Shizune tracks 2 team members at Velocity. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/velocity-4?utm_source=investor_profile

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Health Care | 32 | 28% |
| Software | 21 | 18% |
| Medical | 16 | 14% |
| Artificial Intelligence | 12 | 11% |
| Biotechnology | 10 | 9% |

151 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Grant | 53 | 46% |
| Pre-Seed | 37 | 32% |
| Seed | 13 | 11% |
| Series G | 2 | 2% |
| Funding Round | 2 | 2% |

7 stages tracked in total.

### Country

| Country | Investments | Share |
| --- | --- | --- |
| Canada | 87 | 76% |
| United States | 11 | 10% |
| Japan | 2 | 2% |
| Ireland | 1 | 1% |
| United Kingdom | 1 | 1% |

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| David Shak | CTO/Strategy Mentor | 0 | https://shizune.co/investors/profile/david-shak |
| John A. G. Dick | Director of Concept (Interim) | 0 | https://shizune.co/investors/profile/john-a-g-dick |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Migranium | SaaS, Enterprise Software, AI, Integration, Software, Digital Health | $15K | Grant | Mar 04, 2025 |  |
| runQL | runQL is a smart query tool designed to assist data professionals in writing queries quickly. | $1.1M | Pre-Seed | Nov 12, 2024 |  |
| Cobionix | Cobionix is a robotics startup tackling the labor shortage crisis facing healthcare providers. | $2.8M | Seed | Jun 21, 2023 |  |
| Coursely | Coursely is an AI chatbot that is designed for K-12 institutions. Coursely guides and supports students using the multilingual AI assistant. It was founded in 2021 and is based in Kitchener, Ontario. | $111.1K | Pre-Seed | Apr 02, 2023 |  |
| Coursely | Coursely is an AI chatbot that is designed for K-12 institutions. Coursely guides and supports students using the multilingual AI assistant. It was founded in 2021 and is based in Kitchener, Ontario. |  | Seed | Jan 01, 2023 |  |
| Able Innovations | Able Innovations is developing advanced medical devices to tackle the pressing problem of patient transfer in healthcare. Their technology is revolutionizing the quality of care provision - providing a safe, efficient, and dignified care experience for patients and caregivers. | $3.5M | Seed | Jun 13, 2022 |  |
| Evolved.Bio | CaroMeats grows healthy, delicious meat directly from animal cells. No environmental damage is caused. No animals are harmed. | $2M | Seed | May 19, 2022 |  |
| Pitstop | Pitstop is a cloud-based Prognostic Maintenance Platform that enables enterprises to leverage the wealth of information available from their vehicle fleets. Their data engine integrates Connected Vehicles, Dealerships, Fleet Manager, Tier 1 Suppliers, OEMs, Insurance Companies and the Aftermarket Supply Chain. | $788K | Grant | Feb 01, 2022 |  |
| Hyivy Health | Hyivy Health creates an intelligent and holistic pelvic rehabilitation device for the 1 in 3 women worldwide who will experience a pelvic health complication in their lifetime. Our device provides the first quantifiable data set on the pelvic floor and 3 different therapies from multiple sensors and mechanical functions to help keep track ofprogress, adapt treatment plans and provide more effective, comfortable rehab experiences. | $1M | Pre-Seed | Jan 18, 2022 |  |
| 1Mentor | 1Mentor partners with higher-ed institutions to navigate a rapidly changing job market by empowering them and their students with real-time information about skills, knowledge, and tools required by industry. | $700K | Pre-Seed | Jan 01, 2022 |  |

10 of 114 investments shown.

## Co-investors
- [Sequoia Capital](https://shizune.co/investors/profile/sequoia-capital) — VC Fund, 4 deals together
- [NEXT Canada](https://shizune.co/investors/profile/the-next-36) — VC Fund, 4 deals together
- [Y Combinator](https://shizune.co/investors/profile/y-combinator) — VC Fund, 4 deals together
- [Lightspeed Venture Partners](https://shizune.co/investors/profile/lightspeed-venture-partners) — VC Fund, 3 deals together
- [Accelerator Centre](https://shizune.co/investors/profile/accelerator-centre) — VC Fund, 2 deals together
- [Archangel Network of Funds](https://shizune.co/investors/profile/archangel-4de5) — VC Fund, 2 deals together

## Similar investors

### Similar stage
- [Scottish Enterprise](https://shizune.co/investors/profile/scottish-enterprise) — VC Fund
- [Foundation for Innovation and Technology (FIT)](https://shizune.co/investors/profile/foundation-pour-l-innovation-technologique) — VC Fund
- [Business Finland](https://shizune.co/investors/profile/tekes) — VC Fund

## FAQ

### What does Velocity invest in?

Velocity invests primarily in Health Care, Software and Medical startups, most often at Grant and Pre-Seed stage. Most of the 114 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 Velocity?

Public channels for Velocity 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 Velocity?

The team at Velocity includes David Shak (CTO/Strategy Mentor) and John A. G. Dick (Director of Concept (Interim)). 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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