Fundraising Fox

FounderFuel

Accelerator

Montreal · Pre-Seed–Seed · 2 people tracked

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Investment thesis

FounderFuel runs a 16-week accelerator built around five pillars—Leadership, Narrative, Learning, Networks, and Execution—to develop both the skills and mindsets of early-stage founders. It invests C$120K per company (a C$100K SAFE plus a C$20K equity investment for 5% in founder shares) and works with companies across all sectors that use technology, particularly software and data, to build new business models in large markets. Hardware is considered when paired with a software or data component. The program targets pre-seed and seed-stage teams with a functioning product and early traction, offering mentorship, coaching, and access to the networks of Real Ventures, Panache Ventures, and Inovia Capital ahead of raising their first institutional round.

Source: firm website, verified Aug 7, 2026.

Stage
Pre-Seed–Seed
Check
$88K
HQ
Montreal, CA
Leads rounds
Follows
Instruments
Equity
Founded
2011
Portfolio companies
81

Team · 2 people

from the firm's website & public directories

Founder mafia

3 people who came through FounderFuel went on to found or lead other companies.

What they invest in

from 41 of 81 portfolio companies

SaaS ×22AI & Machine Learning ×10Retail Tech ×8Consumer ×6Enterprise Software ×6E-commerce ×5Fintech ×5Hardware ×5

HQs:Canada×18United States×5

Portfolio companies · 81 tracked

alumni founders can tell you what the program is really like
AIM Colouraimcolours.comin

AIM Colours makes a 1 mm battery-free film that laminates inside physical objects and accessories, allowing a single object to change to any colour with a tap.

Deep TechHardwareNew Materials

Applifier

Apps bringing visibility, discoverability and monetization to web publishers; acquired by Unity Technologies in March 2014.

Artemisartemisdata.io
Benchscibenchsci.comin𝕏

BenchSci provides a proprietary knowledge graph and curated biomedical dataset built from millions of research papers, patents, preprints, and databases, covering reagents such as antibodies, RNAi, CRISPR records, cell lines, and animal models.

AI & Machine LearningBiotechData & Infrastructure

Co-investorsAfore CapitalCreative Destruction Lab (CDL)F-Prime Capital PartnersGolden Venture PartnersGolden VenturesTwo Small Fish Ventures+1 more

Binder

Marketplace where employers find and test-drive top students and recent grads.

BoxKnight

Same-day and scheduled deliveries for e-commerce merchants; acquired by GoBolt in May 2022.

Brisk Synergiesbrisksynergies.com

Co-investorsCreative Destruction Lab (CDL)

Bus.combus.comin𝕏Defunct

Bus.com provides charter and transit transportation services for enterprise and government organizations across North America.

Climate TechEnterprise SoftwareMarketplacesMobility & TransportationMontreal, CA

Kyle Boulay(Cofounder, CEO)inWolf Kohlberg(Founder)in

Co-investorsBMW i VenturesJackson Square VenturesY Combinator

Chargehubchargehub.comin𝕏

ChargeHub operates an EV charging platform with a driver app to locate charging stations and pay for sessions, plus business solutions that connect networks and handle EV roaming, payments, and data integration.

EnergyMobility & TransportationSaaS

Crew

Platform connecting designers and developers with vetted clients; acquired.

Delve Labsdelvesecurity.com
Dobundledobundle.com
Enkidooenkidoo.ai

Enkidoo offers two products: DOOSYNC, a data migration service for transferring historical data into new cloud point-of-sale (POS) systems for retailers, and SPOQUE.AI, a patented interactive AI solution for supply chain and enterprise systems.

AI & Machine LearningLogistics & Supply ChainRetail Tech

Fundmetricfundmetric.comin𝕏

Fundmetric is an AI platform that connects siloed data and uses machine learning to help non-profit fundraising teams predict donor behavior, personalize outreach, and optimize the donor journey.

AI & Machine LearningData & InfrastructureSaaS

Galleagallea.ca

Co-investorsFront Row Ventures

GoBoltgobolt.comin𝕏

GoBolt operates a supply chain network for merchants, providing warehousing, pick and pack, shipping, and last-mile delivery through a network of warehouses across North America and custom-built apps.

CleantechE-commerceLogistics & Supply Chain

Co-investorsIngka InvestmentsKensington Capital Partners LimitedPlaza VenturesWhitecap Venture PartnersParagon PartnersYaletown Partners

Gravygravy.ai
Groove
Guidesguides.co

Guides is a publishing platform for creating, updating, and sharing instructional guides without a CMS or developer.

EdTechMedia & EntertainmentSaaS

HALEO Clinichaleo.ca
Hellodarwin Businesshellodarwin.comin

Hello Darwin operates a platform and advisory service that helps businesses identify, prioritize, and apply for grants, tax credits, and government funding programs, with a strong focus on Quebec and broader Canadian programs.

Enterprise SoftwareFintechGovTechSaaS

Co-investorsTactico

InfoActive

Tools for web publishers to create interactive, mobile-friendly infographics with live data; acquired.

Instamekinstamek.com

instaMek provides mobile auto repair, maintenance, and pre-purchase vehicle inspection services delivered at the customer's home or workplace by certified Red Seal mechanics.

ConsumerMarketplacesMobility & Transportation

Co-investorsEdmonton Unlimited

Keatextkeatext.aiin𝕏

Keatext offers a cloud-based, AI-powered text analytics platform that interprets customer and employee feedback using natural language understanding to help organizations improve the experience of the people they serve.

AI & Machine LearningEnterprise SoftwareSaaSMontreal, CA

Narjès Boufaden(Founder & CEO)Charles-Olivier Simard(Co-founder & CTO)

Co-investorsGood AI Capital

Leasesimpleleasesimple.co

Co-investorsDiaspora Ventures

Lexoplexop.com

Co-investorsCompanyon VenturesPanache Ventures

Listn

Share and listen to friends' music for free; acquired.

Lockbird

Machine vision for bird deterrence.

Locketgolocketgo.comin

LocketGo is a smart locker platform offering on-demand secure storage and contactless delivery for carriers, retailers, and venues.

HardwareLogistics & Supply ChainRetail Tech

Loginradiusloginradius.comin𝕏

LoginRadius provides a fully-managed customer identity and access management (CIAM) platform that handles authentication, social login, and identity management for enterprises, governments, and organizations.

CybersecurityEnterprise SoftwareSaaSVancouver, CA

Rakesh Soni(Founder)

Co-investorsForgePoint CapitalBDC Capital CorporationEdmonton UnlimitedM12 (Microsoft's Venture Fund)Verdex CapitalYaletown Partners

LunchBoxtrylunchbox.com
Mejuri

A retailer offering sustainably and ethically produced fine jewelry at accessible prices, designed for everyday wear and conscious consumption.

Co-investorsIncite.org

mejuri storymejuri.com

Mejuri is a jewelry brand that designs and sells fine jewelry directly to consumers, with a philanthropic program (the Empowerment Fund, purpose-driven products, and corporate giving) supporting women and underrepresented communities.

ConsumerDirect to ConsumerE-commerceRetail TechToronto, CA

Co-investorsCedar Mundi VenturesDASH VenturesImaginary Venture CapitalIncite.org

Mosaic Manufacturingmosaicmanufacturing.comin𝕏

Mosaic manufactures automated FFF 3D printing systems that enable on-demand production of polymer parts at scale for manufacturers.

Advanced ManufacturingAI & Machine LearningHardwareToronto, CA

Mitch Debora(Founder)in

Co-investorsTechstars

Motorleafmotorleaf.comin𝕏
My Intelligent Machinesmims.ai
Mycustomizermycustomizer.comin

Kickflip (MyCustomizer) is a no-code product customizer app that lets brands add real-time visual product configurators with conditional logic, pricing, and inventory management to their online stores.

E-commerceRetail TechSaaS

Nameshoutsnameshouts.comin𝕏

NameShouts is a name pronunciation tool that provides audio and phonetic pronunciations for names across 22+ languages, with features like slow-motion playback, saved lists, priority name requests, and integrations via plug-ins and extensions.

ConsumerSaaS

Nectarnectar.buzzin𝕏

Nectar builds software and data tools for migratory and commercial beekeepers, including a traceability system that generates operation-specific best management practices from hive data.

AgTechAI & Machine LearningIoTSaaSMontreal, CA

Marc-André Roberge(Co-Founder & CEO)

Co-investorsTall Grass VenturesGV (Google Ventures)MenloMenlo VenturesTrue Ventures

Now In Storenowinstore.comin

Now In Store builds productivity apps for online stores, including Foldsquare, which generates print-ready PDF catalogs and line sheets from product data, and Flook, which turns any PDF into an interactive, shoppable flipbook.

E-commerceRetail TechSaaS

One Silicon Chip Photonics

Hardware company (OSCP) backed by FounderFuel.

OneClassoneclass.com
Opencareopencare.comin𝕏

Opencare operates a curated network of vetted dentists across North America that helps patients find and access quality dental care.

B2B MarketplacesHealthtechMarketplaces

Cameron Howieson(Founder)in

Co-investors8VCAcequia Capital (AceCap)Collaborative FundGraph VenturesInovia Capital

Openera

Monitoring email and cloud files for compliance risk with automatic tagging.

OSCPonesiliconchipphotonics.com

Co-investorsSilicon Catalyst

Oxiliaoxilia.cain

Oxilia is a job platform connecting employers and professionals, offering job listings through a website and mobile app with real-time notifications for job opportunities.

Future of WorkHR TechMarketplaces

Paperpaper.coin𝕏

Paper provides personalized academic support services to K-12 schools, including tutoring, 24/7 support, and after-school enrichment programs designed to build student confidence and academic skills.

EdTech

Philip Cutler(Founder & CEO)

Co-investorsBirchmere VenturesBullpen CapitalFramework Venture PartnersIVP (Institutional Venture Partners)Sapphire VenturesSoftBank Vision Fund+1 more

Pelcropelcro.comin𝕏

Pelcro is a subscription and membership management platform that handles recurring billing, paywalls, member data, access control, e-commerce, and donation processing, with AI tools built into its workflows.

FintechMedia & EntertainmentSaaS

Co-investorsFront Row Ventures

Periodicperiodic.is

Periodic is a white-label booking and scheduling platform for businesses with multiple locations, service types, and resources, letting them run branded booking sites on their own domain.

Enterprise SoftwareSaaSBloomington, US

Brad Wisler(Executive Officer, Director)Michael Trotzke(Director)Nealesh Patel(Director)

Co-investorsElevate Ventures

Porpoiseporpoise.com
Powertreepowertree.io
Prospecerprospecer.com

Prospecer is a cloud-based platform for interior designers to create, track, and manage project specifications, schedules, and contract documents for finishes, lighting, furniture, and other project elements.

Construction TechPropTechSaaS

Quackquackdials.com
QuoteMachinequotemachine.comin𝕏

QuoteMachine is a sales, invoicing, and order management platform built for retail businesses.

Retail TechSaaSSales Tech

Co-investorsClocktower VenturesManresa VenturesPrecursor VenturesTelegraph Hill Capital

Ready Educationreadyeducation.comin𝕏

Ready Education provides a campus experience platform for higher education institutions that integrates academic and co-curricular learning experiences to enhance student community and retention.

ConsumerEdTechFuture of WorkSaaSSocialMontreal, CA

Danial Jameel(Founder/CEO)inAlice Dinu(Founder)inJames Dang(Founder)in

Co-investorsFundersClubGoAhead VenturesLevel EquityY Combinator

RedTree Roboticsredtreerobotics.com
Reelyactivereelyactive.com

reelyActive builds open source IoT and Real-Time Location System (RTLS) middleware, including Pareto Anywhere, that captures data about who and what is present in physical spaces and delivers a usable data stream running at the edge, locally, or in the cloud.

Data & InfrastructureHardwareIoT

Rollroll.gg

Roll lets people play board games with friends from a phone or browser by sharing a link to join a game.

ConsumerGamingSocial

Seevibes

Smart data targeting for efficient social media advertising.

Exits · 1

IPOs and acquisitions across the tracked portfolio

Valence Discoveryacq. by Recursion

Portfolio news

latest coverage across their companies

Frequently asked questions

How many investments has FounderFuel made?
FounderFuel has 81 tracked investments, 1 of which have exited via acquisition or IPO.
What stage does FounderFuel invest at?
FounderFuel invests at the Pre-Seed, Seed stages.
What is FounderFuel's typical check size?
FounderFuel typically writes checks of $88K.
What sectors does FounderFuel focus on?
FounderFuel focuses on AI & Machine Learning, Data & Infrastructure, EdTech, Fintech, Hardware, SaaS, Sector Agnostic.
Where is FounderFuel located?
FounderFuel is headquartered in Montreal, CA.
Does FounderFuel lead rounds?
FounderFuel typically participates in rounds rather than leading them.
Who does FounderFuel co-invest with?
FounderFuel most often shares deals with Front Row Ventures, Tactico, Techstars, among 87 tracked co-investors.

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