Fundraising Fox

DMZ

Accelerator

Toronto · Pre-Seed–Seed · 32 people tracked

Find your way into DMZ

2,362 people in our graph share verified history with the DMZ team — schools, employers, funds. One of them is your warm intro.

Mike Zakunlockedknows Natalia Bakaeva · together at Cornell (overlapped)
×8knows the team · via Cornell
×2knows the team · via McGill University
knows the team · via Queen's University
Fox Verdict
Sign up to see your fit

Investment thesis

DMZ backs early-stage tech founders from first prototype through global scaling, providing customized one-on-one mentorship, access to a network of investors and mentors, and community and networking support. It runs structured programs including an 18-month Incubator, a 9-month Pre-Incubator, and specialized courses. DMZ promotes a 'camel' philosophy—encouraging founders to build lean, resource-efficient, and adaptable companies designed for long-term durability rather than the rapid, resource-heavy growth associated with 'unicorns.' It also offers learning programs to help students and professionals gain industry-relevant skills and certifications.

Source: firm website, verified Aug 3, 2026.

Stage
Pre-Seed–Seed
HQ
Toronto, CA
Leads rounds
Follows
Instruments
Equity
Founded
2010
Portfolio companies
23

Team · 32 people

from the firm's website & curated
Ipek Isler· Co-founder, CEO

Co-founder and CEO of portfolio company AEOVision.

Kairat Zholdasbekov· Co-founder & CTO

Co-founder and CTO of portfolio company Arbling.

Leigh Newman

Associated with portfolio company Aretek.

Linda Francis

Associated with portfolio company Aretek.

Mehdi Karamnejad· CTO

CTO of portfolio company ARKI.

Shrianand Misir· CEO

CEO associated with portfolio company Access2Pay.

Yevgeniy Makhmutov· Co-founder & CEO

Co-founder and CEO of portfolio company Arbling.

Randy Howard· VP of IT and Customer Success

VP of IT and Customer Success at portfolio company Aravenda.

Founder mafia

5 people who came through DMZ went on to found or lead other companies.

What they invest in

from 16 of 23 portfolio companies

AI & Machine Learning ×7SaaS ×7EdTech ×6Retail Tech ×4Construction Tech ×3E-commerce ×3Enterprise Software ×3Advanced Manufacturing ×2

HQs:Canada×3United States×1

Portfolio companies · 23 tracked

alumni founders can tell you what the program is really like
2020 Armor2020armor.com

Co-investorsYork Angel Investors Inc.

42 Technologies

End-to-end omnichannel data analytics and reporting platform for the retail industry.

Co-investorsInnolinks Ventures

Access2Payaccess2pay.com

Access2Pay is a cloud-based point-of-sale and payment management platform for retail businesses, government agencies, and enterprise organizations.

FintechRetail TechSaaS

AccessNowaccessnow.ca
ACTOactoapp.comin

ACTO provides an AI-powered platform designed to train, coach, and support life sciences field teams (sales representatives and medical science liaisons) in their interactions with healthcare professionals.

AI & Machine LearningEdTechEnterprise SoftwareHealthtechSaaS

Parth Khanna(CEO)in

Co-investorsPanache VenturesMaRS Investment Accelerator FundQuesta CapitalSalesforce Ventures

Adam wa Mishmishadamwamishmish.com

Adam Wa Mishmish is a children's brand centered on Arabic-language learning through songs, episodes, and an app, along with weekly live Arabic classes ("Music Hour") and merchandise such as books, plush toys, and music.

ConsumerEdTechMedia & Entertainment

Co-investorsDMZ Ventures

Adeptmindadeptmind.aiin

Adeptmind builds generative AI tools for retailers, offering AI-powered merchandising, product discovery, personalization, and marketing/ROAS optimization for e-commerce and omnichannel shopping.

AI & Machine LearningE-commerceRetail Tech

Jing He(Founder)inG Wu(Founder)in

Co-investorsCreative Destruction Lab (CDL)Innospark Venturesnoa

AEOVisionaeovision.aiin𝕏

AEO Vision provides a dashboard to track and monitor brand mentions across AI search platforms including ChatGPT, Perplexity, Gemini, and Claude.

AdTechAI & Machine LearningMarketing Tech

Airtasksairtasks.com

Airtasks is a web-based project coordination platform for construction and design teams that enables task capture, feedback sharing, and issue tracking across drawings, task lists, and 3D models.

Cloud ComputingConstruction Tech

Akindiakindi.comin

Akindi is an assessment platform that helps instructors create and administer online tests.

Cloud ComputingEdTechSaaS

Alli Therapyalli.io

Co-investorsDMZ Ventures

Altus Assessments Inc.in

Acuity Insights provides software for higher education institutions to support their mission holistically.

AI & Machine LearningData & InfrastructureEdTechSaaS

Aravenda Consignment Softwarearavenda.comin𝕏

Aravenda provides cloud-based software integrated with Shopify for consignment shops to manage inventory, process consignor payouts, and expand sales online.

Circular EconomyE-commerceLogistics & Supply ChainRetail TechSaaSVienna, US

Carolyn Thompson(Founder)in

Co-investorsDMZ VenturesTechstars

ARB Labs

Provides AI/ML consulting, data analytics, software development, and cloud computing services.

Toronto

Marvin Singer(Director)Andrzej Kepinski(Executive Officer, Director)Debbie Bush(Executive Officer)Brett Story(Director)Connor O'Hearn(Executive Officer)

Arblingarbling.com

Arbling provides analytics that identify and track AI-referred shoppers, shopping agents, and crawlers on e-commerce sites, showing which products they viewed and whether their journeys resulted in orders.

AI & Machine LearningE-commerceRetail Tech

Aretekaretek.cain

ARETEK, formerly Printerra, develops additive (3D printing) technologies for the global construction industry.

Advanced ManufacturingConstruction TechDeep TechHardwareToronto, CA

ARKIgetarki.comin

ARKI builds an AI-powered system of record for architecture and engineering (AE/AEC) firms that turns past project design data into a searchable, reusable asset to speed up design work and reduce rework.

AI & Machine LearningConstruction TechEnterprise SoftwareSaaS

Natalia Bakaeva(Co-founder)inMehdi(Co-founder)in

Co-investorsDMZ VenturesAntler

Assetfloassetflo.comin

Assetflo builds IoT solutions that provide businesses with real-time visibility into the location and condition of their assets, inventory, and equipment.

Advanced ManufacturingHardwareIoTLogistics & Supply ChainToronto, CA

Elie Makhoul(Cofounder & CTO)in

Co-investorsDMZ VenturesGreenSky VenturesventureLAB Innovation Centre

Cleanster

Startup supported by DMZ; co-founded by Gloria Oppong, who credited DMZ with mentorship, networking, and pitch development.

DMZ New Yorktorontomu.cain

Toronto Metropolitan University is an academic institution focused on combining academic excellence with real-world impact, emphasizing experiential learning, research that addresses societal challenges, and fostering innovation and entrepreneurship.

EdTechFuture of WorkToronto, CA

Co-investorsDMZ VenturesScale AI

Dmzlaunchpaddmzlaunchpad.ca𝕏

DMZ Launchpad is a free online skills-development platform offering courses that teach entrepreneurship, from idea to launch, aimed at aspiring and early-stage founders including first-year students.

EdTech

Minuteboxminutebox.comin𝕏

MinuteBox provides software for company incorporation across US states and Canadian jurisdictions, offering templates, share structure configuration, and registry integration for corporate formation workflows.

AI & Machine LearningEnterprise SoftwareFintechLegalTechSaaS

Portfolio news

latest coverage across their companies

Frequently asked questions

How many investments has DMZ made?
DMZ has 23 tracked investments.
What stage does DMZ invest at?
DMZ invests at the Pre-Seed, Seed stages.
What sectors does DMZ focus on?
DMZ focuses on Sector Agnostic.
Where is DMZ located?
DMZ is headquartered in Toronto, CA.
Does DMZ lead rounds?
DMZ typically participates in rounds rather than leading them.
Who does DMZ co-invest with?
DMZ most often shares deals with DMZ Ventures, Creative Destruction Lab (CDL), Panache Ventures, among 15 tracked co-investors.

Media · Podcasts & interviews

from their channel

DMZ | Abdullah Snobar reflects on his 10-year anniversary

DMZ

DMZ | Siakam EdTech Engine Demo Day 2025

DMZ

DMZ | Meet the A team — Our new Advisory Council

DMZ

Images

DMZ photoDMZ photoDMZ photoDMZ photoDMZ photoDMZ photo

Similar investors

4Di Capital

4DI Ventures was co-founded by repeat tech operator and ESET Southern Africa founder Justin Stanford, giving it unusually deep cybersecurity and software operating experience rather than a purely financial background, and originated from Stanford's own angel-investing experiments that directly led to both the firm's creation and the launch of the Silicon Cape Initiative. The firm explicitly describes its style as "nurture capital" with intensive, hands-on engagement, and Stanford is vocal about avoiding the "unicorn at all costs" mentality in African tech, instead emphasizing sustainable market readiness and fundamentals in a more conservative, durability-focused investment approach.

$100K – $1M
8VC

8VC is a venture capital firm investing across logistics, life sciences, healthcare, IT infrastructure, and government/defense, guided by its Smart Enterprise thesis focused on data integration and platform network effects.

$100K – $50M
AirTree Ventures

AirTree Ventures runs Pathfinders, a free four-week in-person program in Sydney for young builders (high-school graduates up to age 23) to work on a real product, access the AirTree team and founders, and build a peer network.

$132K – $16.5M
August Capital

August Capital is a venture capital firm that invests in a small number of companies, providing hands-on support to entrepreneurs building their businesses.

$1M – $15M
B Capital Group

B Capital is a global investment firm backing early to late-stage technology innovators across technology, healthcare, and energy & resilience sectors.

$10M – $50M

Featured in lists