Fundraising Fox

Garage Capital

Venture capital

Waterloo · Pre-Seed–Series A · 1 people tracked

Fox Verdict
Sign up to see your fit

Investment thesis

Invests in early-stage companies in the Waterloo area.

Source: firm website, verified Aug 7, 2026.

Stage
Pre-Seed–Series A
HQ
Waterloo, ON, CA
Leads rounds
Follows
Instruments
Equity
Founded
2013
Last 12 months
5 investments
AUM
$56M
Tracked investments
198

Team · 1 people

from public directories

Founder mafia

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

What they invest in

from 147 of 198 portfolio companies

SaaS ×62AI & Machine Learning ×59Enterprise Software ×47Fintech ×18Consumer ×17Data & Infrastructure ×17Future of Work ×15Deep Tech ×14

HQs:United States×47Canada×37United Kingdom×1

Investments · 198 tracked

founders shown can be your intro path

By year:2026 · 42025 · 22022 · 42021 · 12020 · 12017 · 22016 · 22015 · 117 dated

Dropboxdropbox.comin𝕏Nasdaq: DBX

Dropbox is a cloud storage and file synchronization platform that helps teams organize files, reduce busywork, and collaborate efficiently.

Cloud ComputingEnterprise SoftwareFuture of WorkSaaSSan Francisco, US

Drew Houston(Founder/CEO)inArash Ferdowsi(Founder)inAli Dasdan(Chief Technology Officer (joined March 2025))Ross Tennenbaum(Chief Financial Officer (joined December 2025))Mike Torres(Chief Product Officer (joined July 2026, previously at Google))Boon Lai(Chief Marketing Officer (joined May 2026))

Co-investorsAccelBenchmarkBlackRockFelicis VenturesGreylock PartnersIndex Ventures+6 more

Imaximax.comNYSE: IMAX
Canada Rocket Companycanadarocketcompany.comin✓ verified

Canada Rocket Company designs and builds orbital launch vehicles and rocket engines in Canada, including the R-Series fleet with up to 12,500kg lift capacity and the E-1 methalox (LOX/liquid methane) engine.

Deep TechDefense TechSpace Tech

Hugh Kolias(CEO)David Tenny(CTO)

Co-investorsBDC Seed Venture FundNorthside VenturesPanache VenturesSpace Capital

Aalo
Aalo Atomicsaalo.comin𝕏

Aalo develops advanced nuclear reactor technology aimed at producing electricity at under 3 cents per kilowatt-hour.

Climate TechDeep TechEnergyHardware

Matt(Co-founder)inYasir(Co-founder)in

Co-investorsAlumni VenturesBasecamp FundBlack FlagBrave CapitalCrosscut VenturesDash VC+23 more

Absorb LMSabsorblms.comin𝕏

Absorb LMS provides learning management system software.

AI & Machine LearningEdTechEnterprise SoftwareHR TechSaaS

Co-investorsGolub GrowthWCASSilversmith Capital Partners

Acertaacerta.ai

Acerta provides an industrial AI analytics platform for discrete manufacturers to identify and resolve production defects early, reducing scrap, rework, and downtime.

Advanced ManufacturingAI & Machine LearningEnterprise Software

Greta Cutulenco(Founder)in

Co-investorsBDC Industrial Innovation Venture FundBDC Thrive Venture Fund for WomenCreative Destruction Lab (CDL)M12 (Microsoft's Venture Fund)Stand Up VenturesOMERS Ventures

Ada Supportada.cx

Toronto-based Ada Support builds enterprise AI customer service agents that automate resolution across chat, email, voice and messaging.

Co-investorsAccelBessemer Venture PartnersDMZ VenturesFirstMark CapitalGiant Ventures Global LlpSpark Capital

Aemonaemon.aiin𝕏

Aemon builds autonomous AI research systems that solve hard technical optimization problems by self-accelerating experimentation within customer codebases.

AI & Machine LearningDeep TechEnterprise SoftwareSan Francisco, US

Richard Zhou(Founder)inRay Xu(Founder)in

Co-investorsY Combinator

Agoragetagora.com

Co-investorsBling CapitalCRV (Charles River Ventures)

Aideaide.app

Aide is a governed agentic AI platform for customer experience that resolves support tickets end-to-end on existing helpdesks (Zendesk, Front, Gorgias) and analyzes operations to surface what to automate or improve.

AI & Machine LearningEnterprise SoftwareSaaS

Alert Labs Inc. Websitealertlabs.comin𝕏

Alert Labs provides a water leak detection and management system for commercial buildings, using cellular-connected sensors, automatic shut-off valves, and AI-powered analysis to detect leaks and monitor temperature, humidity, and power.

CleantechIoTPropTech

Co-investorsWaterloo Accelerator Centre

ALT TEXthealttex.comin𝕏

Develops alternative textile materials to replace polyester and reduce the fashion industry's plastic consumption and carbon emissions.

Advanced ManufacturingBiotechCircular EconomyClimate TechNew MaterialsToronto, CA

Myra Arshad(Founder)inAvneet Ghotra(Founder)in

Co-investorsAmplify CapitalBeresford VenturesPanache VenturesRebel FundSpacecadet VenturesY Combinator

Applied Brain Researchappliedbrainresearch.comin𝕏

Applied Brain Research develops state space models and edge AI hardware for real-time voice and sensor processing on devices without cloud connectivity.

AI & Machine LearningDeep TechHardware

Co-investorsArchangel Network of FundsRaptor GroupSilicon CatalystTwo Small Fish Ventures

ApplyBoard Inc.applyboard.comin

ApplyBoard operates a platform connecting international students with educational institutions across Canada, the US, UK, Ireland, Australia, and Germany.

AI & Machine LearningB2B MarketplacesEdTechMarketplacesSaaSLondon, CA

Meti Basiri(Founder)inMartin Basiri(Co-Founder and Former Chief Executive Officer)inMassi Basiri(President and Co-Founder)in

Co-investorsArtiman VenturesBDC Growth Venture FundCandou VenturesCeltic House Asia PartnersDrive CapitalETS Strategic Capital+10 more

Astranisastranis.comin𝕏

Astranis manufactures small, high-powered geosynchronous satellites equipped with advanced digital processing technology for global telecommunications and connectivity services.

Advanced ManufacturingDeep TechHardwareSpace TechSan Francisco, US

John Gedmark(Founder/CEO)inRyan McLinko(Founder/CTO)in

Co-investorsAndreessen HorowitzBlack FlagBoxGroupCantos VenturesCherubic VenturesCommonweal Ventures+36 more

AtlasGridatlasgrid.aiin𝕏

Atlas Grid provides data contextualization and access services.

Data & InfrastructureDeveloper ToolsEnterprise SoftwareSan Francisco, US

Oleg Kostour(Founder)inAram Aghababyan(Founder)inAnton Krutiansky(Founder)in

Co-investorsDniproSterling RoadY Combinator

Automax.aiautomax.aiin𝕏

Automax.ai uses mobile LiDAR and computer vision technology combined with AI models to produce residential property appraisals and valuations in under 20 minutes, with results compliant to Fannie Mae and Freddie Mac standards.

PropTechSan Francisco, US

Humza Ahmed(Founder & CEO)in

Co-investorsY Combinator

Avro Life Scienceavrolifesci.comin𝕏

Avro Life Sciences develops platform technology for novel drug delivery through passive transdermal administration.

BiotechHealthtechMedical DevicesWaterloo, CA

Shak Lakhani(Founder)inKeean Sarani(Founder)in

Co-investorsFifty YearsHeuristic Capital PartnersUpHonest CapitalWaterloo Accelerator CentreY CombinatorEmbark Ventures

Backboardbackboard.ioin𝕏Jan 2026

Backboard provides infrastructure for deploying and operating advanced AI across cloud, private cloud, on-premise, and on-device environments, with model routing, optimization/quantization, persistent memory, and orchestration.

AI & Machine LearningData & InfrastructureEnterprise SoftwareSummit, US

Jonathan Flax(CEO)

Co-investorsMistral Venture PartnersN49P

BetterUpbetterup.comin𝕏

BetterUp provides an AI-powered coaching and professional development platform that helps organizations support employee growth and wellbeing.

AI & Machine LearningEnterprise SoftwareHR TechSaaSAustin, US

Alexi Robichaux(Co-founder and CEO)inEduardo Medina(Co-founder and COO)

Co-investorsAfore CapitalAurumCarnrite VenturesConvergeCrosslink CapitalEvio VC+16 more

BinSentrybinsentry.comin𝕏Jun 2025

BinSentry makes machine-vision sensors that capture 3D images inside feed bins on farms and ingredient bins at mills, feeding real-time level and inventory data into web dashboards.

AgTechAI & Machine LearningIoTKitchener

Ben Allen(Executive Officer, Director)

BoardJamie Weston(Director)Chuck Warta(Director)Dennis Organ(Director)Jonathan Goodkey(Director)Paul Bell(Director)

Blitzenblitzen.comin𝕏

Blitzen is a lead-capture and marketing automation tool that lets businesses build interactive forms, surveys, and quizzes to convert website visitors into leads.

Marketing TechSaaSSales Tech

Blogblog.google

This is Google's official company blog, publishing announcements about its products and initiatives including Gemini AI models, Google Cloud infrastructure, Android, and Google DeepMind robotics research.

AI & Machine LearningCloud ComputingConsumer

Co-investorsBantam Group

Bloombloom.community
Bonfiregobonfire.comin𝕏Acquired

Euna Procurement is an AI-powered procurement software platform designed for government agencies to manage sourcing, contracts, purchasing, and invoicing across the full procurement lifecycle.

AI & Machine LearningEnterprise SoftwareFintechGovTechSaaSON, CA

Corry Flatt(Founder/CEO)Alex Millar(Founder/CTO)

Co-investorsY Combinator

Bracket Botbracket.bot𝕏

Bracket is building professional-grade hardware aimed at developers, priced at consumer levels.

Developer ToolsHardware

Co-investorsBetaworks

Brkawaybrkaway.coin

Brkaway is a platform for brands and agencies to manage influencer/creator collaborations, covering creator sourcing and discovery, communications, content pipeline tracking, revisions, and payments.

Creator EconomyMarketing TechSaaS

Bufbuf.build𝕏

Buf builds developer tools for working with Protobuf and gRPC, including the Buf Schema Registry (generated SDKs, API documentation, plugin management, and governance) and the Buf CLI for local Protobuf development.

Data & InfrastructureDeveloper ToolsSaaS

Co-investorsAbstraction Capital

Careerlistcareerlist.comin

CareerList is a recruiting service that uses an AI algorithm combined with human expertise to identify and assess candidates, tracking professionals throughout their careers to surface high performers.

AI & Machine LearningFuture of WorkHR Tech

Careguidecareguide.comin𝕏

CareGuide operates an online marketplace connecting families with care providers such as nannies, housekeepers, and pet and family caregivers.

ConsumerHealthtechMarketplaces

Co-investorsPlaza VenturesInovia Capital

Cariboucaribouwealth.comin

Move Health is a healthcare insurance planning firm that provides financial advisors with analysis software and a licensed advisory team to estimate healthcare costs and guide clients through health insurance and Medicare enrollment.

FintechHealthtechInsurTech

Co-investorsN49PGoldman Sachs

Cariboumedcariboumed.com
Caromeatscaromeats.com

Co-investorsBig Idea Ventures

Censusgetcensus.comin𝕏acquired by Fivetran

AI & Machine LearningCloud ComputingData & InfrastructureEnterprise SoftwareOakland, US

George Fraser(Co-founder)inTaylor Brown(Co-founder)

Co-investorsAndreessen HorowitzCoalition OperatorsEarl Grey CapitalFjor FoundersRecall CapitalSequoia Capital+1 more

Chitterchitterapp.com

Co-investorsEdmonton Unlimited

Clearcoclear.coin𝕏

Clearco provides funding to e-commerce businesses based on their sales data and revenue performance.

Direct to ConsumerE-commerceFintech

Michele Romanow(Founder)inTanay Delima(Founder)Ivan Gritsiniak(Founder)in

Co-investorsBetter Tomorrow VenturesFounders Circle CapitalFrontline VenturesOak HC/FTOwl CapitalPlaza Ventures+5 more

Clearpath Roboticsclearpathrobotics.comin𝕏Jul 2016

Clearpath Robotics builds unmanned vehicles and robotics platforms aimed at making robotics research and development easier for its customers.

Deep TechHardwareRoboticsKitchener

Bryan Webb(Executive Officer, Director)Matthew Rendall(Executive Officer, Director)

BoardMurray Gamble(Director)Karamdeep Nijjar(Director)inStuart Ellman(Director)inMichael Stork(Director)

Co-investorsKeiretsu ForumKensington Capital Partners LimitedSWO Angel GroupVenture OntarioWaterloo Accelerator CentreInovia Capital+1 more

CodeGem Inc. Websitecodegem.app

Co-investorsWaterloo Accelerator Centre

Cognitogetcognito.cain𝕏

Cognito provides online mental health care including diagnosis, medication management, and CBT-based care coaching, with a focus on conditions such as ADHD.

Digital HealthHealthtechMental Health

Co-investorsGraphite Ventures

Colarecolare.com

Colare is a hiring platform that provides simulation-based technical assessments for hardtech engineering roles, letting companies evaluate skills through realistic scenarios and rank candidates.

HardwareHR TechSaaS

Commercebearcommercebear.com

Co-investorsInovia Capital

Commitcommit.dev

Co-investorsMyelin VC

Contenflycontentfly.com

Draft was a platform that connected businesses with human writers for content and copywriting needs.

Marketing TechMarketplaces

Co-investorsKube VC

Convictionalconvictional.comin𝕏

Convictional provides collaboration tools designed to keep teams mission-aligned.

Enterprise SoftwareFuture of WorkSaaSToronto, CA

Roger Kirkness(CEO & Founder)inChristopher Grouchy(Executive Officer, Director)

Co-investorsY CombinatorFundersClubLocus Ventures

Convoxconvox.comin𝕏Aug 2015Acquired

Convox provides a platform for deploying and managing cloud-native applications across multiple cloud providers including AWS, Google Cloud, and Azure.

Cloud ComputingData & InfrastructureDeveloper ToolsEnterprise SoftwareAtlanta, US

David Dollar(Founder/CEO)inNoah Zoschke(Founder/CTO)inMatt Manning(Founder)in

Co-investorsCurious CapitalHeavybitY Combinator

Crescendocrescendowork.com

Cultural competence training courses for global teams

Co-investorsN49P

Databoxdatabox.comin𝕏

Databox provides a business intelligence platform that centralizes company data and enables users to build customized views and dashboards.

AI & Machine LearningData & InfrastructureEnterprise SoftwareSaaSBoston, US

Davorin Gabrovec(Executive Officer, Director)Swaminathan Kumaresan(Executive Officer, Director)

BoardDavid Frankel(Director)in

Co-investorsFounder CollectiveTechstarsAccomplice

Demand Sciencedemandscience.comin𝕏

DemandScience provides an integrated AI-powered platform for B2B marketing teams to manage pipeline generation and customer acquisition through verified data, content intelligence, and automated orchestration.

AdTechAI & Machine LearningMarketing TechSaaS

Co-investorsBLH Venture Partners, LLCHigh AlphaKnoll VenturesMassachusetts Capital Resource Co.

Devycedevyce.comin𝕏Jul 2022

A team communication and collaboration platform that provides monitoring of communication performance through call logs and messaging statistics, along with built-in messaging features for workplace teams.

Cloud ComputingEnterprise SoftwareFuture of WorkSaaSLondon, GB

Nick Browne(Founder)inEdward Clayton(Founder)inLeo George Albert Bartle(Director)

Co-investorsAmino CapitalFjor FoundersSterling RoadY Combinator

Diagramdiagram.vcin

Diagram is a venture creation firm and studio that co-founds and incubates early-stage startups, providing capital plus support in talent sourcing, finance, accounting, HR, fundraising, and go-to-market.

Enterprise SoftwareFintech

Co-investorsDiagram

Diagram Ventures
Dialoguedialogue.coin

Dialogue operates a virtual care platform that centralizes employee assistance, mental health, primary care, and wellness programs in a single app for employers to offer as a health benefit.

Digital HealthHealthtechWellness & Fitness

Co-investorsDiagramGround Up VenturesWhite Star Capital

Diamonddiamond.io

Diamond is a fully managed data backend that provides a serverless database with support for bringing external data sources, AI-assisted setup, team role management, and SSO via Google, Microsoft, and LDAP.

AI & Machine LearningData & InfrastructureSaaS

Discodisco.coin

Disco is a platform for building branded learning academies that combine AI tools, course creation, and community features into one experience.

AI & Machine LearningEdTechSaaS

Candice Faktor(Co-founder)Chris Sukornyk(Co-founder)

Co-investorsGSV VenturesMantella Venture PartnersBessemer Venture PartnersFelicis VenturesGraph VenturesInovia Capital+1 more

Dominion Dynamicsdominion-dynamics.comin𝕏

Dominion Dynamics develops autonomous systems for defense and critical infrastructure operations in remote, infrastructure-constrained environments like the Arctic.

AI & Machine LearningDeep TechDefense TechWaterloo, CA

Eliot Pence(Founder)in

Co-investorsBCIBessemer Venture PartnersExpeditionsGeorgianLakestarOMERS Ventures+2 more

Dozrdozr.com

DOZR operates an online marketplace where contractors can search, compare prices, and book heavy construction equipment rentals from a network of rental partners across North America.

Construction TechMarketplacesSaaS

Drifting In Spacedriftingin.spaceMar 2022

Modal provides a Python-based platform for defining and running cloud workloads in code, with composable primitives that specify logic and hardware together.

AI & Machine LearningCloud ComputingDeveloper ToolsNew York, US

Taylor Baldwin(Executive Officer, Director)Paul Butler(Executive Officer, Director)

Co-investorsWayfinder Ventures

Dwellingdwelling.coJul 2022

New York, US

Shannon Kay(Executive Officer, Director)Nicholas Ornitz(Executive Officer, Director)

Exits · 5

IPOs and acquisitions across the tracked portfolio

DropboxNasdaq: DBXImaxNYSE: IMAXUpworkNASDAQ: UPWKCensusacq. by FivetranHumiacq. by Employment Hero

Portfolio news

latest coverage across their companies

Frequently asked questions

How many investments has Garage Capital made?
Garage Capital has 166 tracked investments, 5 of which have exited via acquisition or IPO, including 3 dated in the last 24 months.
What stage does Garage Capital invest at?
Garage Capital invests at the Pre-Seed, Seed, Series A stages.
What sectors does Garage Capital focus on?
Garage Capital focuses on AI & Machine Learning, Biotech, Cleantech, Future of Work, Healthtech, Robotics, SaaS, Sector Agnostic.
Where is Garage Capital located?
Garage Capital is headquartered in Waterloo, CA.
Does Garage Capital lead rounds?
Garage Capital typically participates in rounds rather than leading them.
Who does Garage Capital co-invest with?
Garage Capital most often shares deals with Y Combinator, Fifty Years, Golden Ventures, among 357 tracked co-investors.

Images

Garage Capital photo

Similar investors

Featured in lists