Fundraising Fox
Toronto · Pre-Seed–Late Stage · 1 people tracked
Not to be confused with Mars (Venture capital · Kirkland, US)
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Investment thesis
MaRS operates as an innovation hub and accelerator supporting Canadian startups from pre-seed through international expansion. It provides commercialization support, curated programming, advisory services, event and lab spaces, and connections to vetted investors, customers and partners. MaRS concentrates on life sciences and health, cleantech (spanning food, energy, transportation, construction and manufacturing), and emerging technologies such as AI, quantum, robotics and advanced manufacturing. Through initiatives like the MaRS Capital Program, MaRS Connect platform and the MaRS IAF fund, it links forward-thinking investors and innovation buyers with high-potential ventures, while working with philanthropists, corporates and governments to strengthen Canada's innovation economy and industrial base.
Source: firm website, verified Sep 27, 2026.
Team · 1 people
from the firm's websiteWhat they invest in
from 19 of 21 portfolio companiesAI & Machine Learning ×9SaaS ×9Enterprise Software ×4Advanced Manufacturing ×3Cleantech ×3Climate Tech ×3Digital Health ×3FoodTech ×3
HQs:Canada×11Spain×1India×1United States×1
Portfolio companies · 21 tracked
alumni founders can tell you what the program is really like
Electrovaya develops advanced battery technologies including lithium-ion and solid-state solutions designed for industrial and demanding applications.
Advanced ManufacturingCleantechEnergyHardwareNew MaterialsMississauga, CA
Dr. Sankar Das Gupta(Executive Officer, Director)Richard P. Halka(Executive Officer)Rajshekar Das Gupta(Executive Officer)Raj S. DasGuptain
BoardDr. Bejoy Das Gupta(Director)Dr. Carolyn Hansson(Director)
Co-investorsGovernment of Canada
Ayrton Energy develops a hydrogen storage and transport solution based on a proprietary liquid organic hydrogen carrier (LOHC) and electrochemistry, storing hydrogen as a liquid at ambient conditions so it can be moved using existing fuel infrastructure.
CleantechClimate TechEnergyCalgary, CA
Co-investorsBDC Climate Tech Fund IIClean Energy VenturesCreative Destruction Lab (CDL)ForesightMaRS Investment Accelerator Fund (IAF)The 51 Ventures+6 more
Basetwo provides AI solutions that optimize manufacturing operations for Fortune 500 companies in pharmaceuticals, specialty chemicals, and personal care.
Advanced ManufacturingAI & Machine LearningDeep TechSaaSToronto, CA
Tawfeeq Abdul Gaffoor(Chief Technology Officer)inThouheed Abdul Gaffoor(Chief Executive Officer)Thamjeeth Abdul Gaffoor(Chief Operating Officer)in
Co-investorsArgon VenturesGlasswing VenturesGlobal BrainGraphite VenturesAtlantic Vantage Point
Bizongo provides a B2B supply chain digitization platform and working capital solutions for enterprises and their vendor businesses in India.
AI & Machine LearningB2B MarketplacesFintechLogistics & Supply ChainSaaS
Aniket DebinSachin Agrawal(Founder)inAnkit Tomarin
Co-investorsAccelAddVentures by SCGChiratae VenturesFundamentumLiquidity CapitalMars Growth Capital+9 more
CarbonCure develops technologies that inject captured CO₂ into fresh concrete during mixing, where it mineralizes and permanently embeds in the material while reducing the amount of cement needed.
CleantechClimate TechNew MaterialsHalifax
Robert Niven(Executive Officer, Director)in
Co-investorsBreakthrough Energy VenturesCarbonForesightPangaea Ventures Us Inc.
Cone Labs develops AI-powered software for structural engineers to perform building condition assessments, converting field inspection data into high-resolution 3D models and semantic analysis of building conditions.
AI & Machine LearningCloud ComputingConstruction TechEnterprise SoftwareRoboticsEtobicoke, CA
Ahmed M.(Founder)in
Co-investorsGurtin VenturesScale Shift VenturesSpatial CapitalTechstarsWaterloo Accelerator CentreOntario Centre of Innovation+1 more
AI-native gate and yard automation.
Co-investorsBoreal VenturesGood News VenturesNoro-Moseley PartnersNorthtech Capital InvestorsBorealis Ventures
Fluid AI builds surgical recovery monitoring technology, including the Origin sensor that attaches to surgical drains to continuously monitor fluid biochemistry and the Stream Care system that combines electronic health record data with sensor data to predict postoperative complications after gastrointestinal surgery.
AI & Machine LearningDigital HealthMedical Devices
Youssef Helwa(Founder)in
Co-investorsWaterloo Accelerator Centre
Goodkind provides a communications platform that colleges and universities use to reach students through channels including SMS, video, chat, and mail.
EdTechEnterprise SoftwareMarketing TechSaaSSales TechToronto, CA
Justin Rotman(Founder)inMichael Warshafsky(Founder)in
Co-investorsWayfinder VenturesY CombinatorBedrock
Knead Tech provides an all-in-one platform designed to connect food waste sources with food rescue and reuse organizations.
FoodTechImpact & Social GoodLogistics & Supply ChainSaaS
Co-investorsScaleGood Fund LP (powered by TELUS)
Moselle provides demand planning and inventory management software for direct-to-consumer and consumer brands.
AI & Machine LearningDirect to ConsumerRetail TechSaaSToronto, CA
Lakhveer Singh Jajj(Founder)in
Co-investorsRebellion VenturesTrue.AQC CapitalHighline BetaMaRS Investment Accelerator Fund
Multiverse Computing provides AI model compression and optimization technology that reduces compute costs and infrastructure requirements for digital-native companies deploying AI applications.
AI & Machine LearningCloud ComputingDeep TechEnterprise SoftwareQuantum ComputingSaaSBarcelona, ES
Enrique Lizaso(Founder and CEO)Román Orús(Founder)Samuel Mugel(Founder)Alfonso Rubio(Co-Founder and CMO)
Co-investorsBerliner Volksbank VenturesCDP Venture CapitalForgePoint CapitalQAI VenturesQuantonationRedstone+1 more
New School Foods makes plant-based salmon designed to match the appearance, cooking behavior, flavor, and flaky texture of real fish.
ConsumerFoodTech
Co-investorsAlwyn CapitalBlue Horizon CorporationBlue Revolution Investments G.P.Clear Current CapitalJoyance PartnersClimate Capital+3 more
Opalia produces cell-based milk made from cow mammary cells cultivated in bioreactors, using a proprietary continuous lactation process to create dairy products without cows.
BiotechClimate TechFoodTech
Co-investorsSustainable Food VenturesUCeed FundsBig Idea VenturesBoxOne Ventures
RetiSpec develops AI-based technology that analyzes eye imaging to detect signs of disease, with a focus on early identification of Alzheimer's and other neurological conditions.
AI & Machine LearningDigital HealthHealthtechMedical Devices
Co-investorsiGan PartnersMaRS Investment Accelerator Fund (IAF)Verge HealthTech Fund
Sprout is Canada's end-to-end family-building platform that connects users with fertility clinics, expert care, and support resources for fertility treatments, surrogacy, and adoption.
Digital HealthFemTechHealthtechCanada, CA
Not explicitly named on page(Co Founder & COO)
Co-investorsBlue CollectiveMaRS Investment Accelerator Fund (IAF)Stand Up VenturesThe 51 Ventures
StellarAlgo offers a customer data platform (CDP) built for sports teams that consolidates fan data, enables no-code audience segmentation, and automatically pushes fan segments to marketing and sales channels to grow ticket sales and reduce churn.
AI & Machine LearningData & InfrastructureMarketing TechSports Tech
Vincent Ircandia(Founder)inSean Fynn(Co-Founder & Chief Technology Officer)inJoseph King(Co-Founder & Chief Operating Officer)in
Co-investorsAccelerate FundComcast VenturesInterGen CapitalMaRS Investment Accelerator Fund (IAF)RBCxThin Air Labs+1 more
Tough Commerce provides job management software for construction contractors, digitizing the quote-to-cash process for field operations.
Construction TechE-commerceEnterprise SoftwarePropTechSaaSToronto, CA
Jordan Latourelle(Founder)inRonald Richardson(Chief Executive Officer and Director)Zach Kirkham(President)Oleksii Babichev(Chief Technology Officer)
Co-investorsY CombinatorLegacy Capital VenturesXploration Capital
Vention provides modular, plug-and-play end-of-line packaging automation for manufacturers, covering case packing, case erecting, palletizing, and conveyors delivered as a single-vendor ecosystem.
Advanced ManufacturingAI & Machine LearningHardwareRoboticsSaaSMontreal, CA
Etienne Lacroix(Founder & CEO)inMax Windisch(Co-founder & CSO)inFrançois Giguère(Chief Technology Officer)inKreya Owens(Chief Marketing Officer)inBrendan Sterne(Chief Product Officer)inRob Lorbetskie(Chief Finance Officer)in
Co-investorsBain Capital VenturesBaukunstNVenturesWhite Star CapitalDesjardins CapitalFidelity Investments+1 more
Willful operates an online estate planning platform that guides individuals through creating legally valid wills and power of attorney documents.
FintechLegalTechSaaS
Erin Bury(Co-founder & CEO)inKevin Oulds(Co-founder & Head of Research and Innovation)inJulia Wilkie(Head of Customer Experience and Operations)inChris Long(Head of Product)in
Co-investorsBackbone AngelsFounderFuelMaRS Investment Accelerator Fund (IAF)Tactico
Other
Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.
Effenco
Exits · 2
1 IPOs · 1 acquisitionsElectrovayaNASDAQ: ELVAGoodkindacq. by Niche
Portfolio news
latest coverage across their companiesVention · betakit.com · Jan 27, 2026
Frequently asked questions
- How many investments has MaRS made?
- MaRS has 21 tracked investments, 2 of which have exited.
- What stage does MaRS invest at?
- MaRS invests at the Pre-Seed, Seed, Series A, Series B, Series C, Growth, Late Stage stages.
- What sectors does MaRS focus on?
- MaRS focuses on Advanced Manufacturing, AI & Machine Learning, Biotech, Cleantech, Climate Tech, Construction Tech, Deep Tech, Digital Health, Energy, FoodTech, Healthtech, Impact & Social Good, Medical Devices, Mobility & Transportation, Quantum Computing, Robotics, Sector Agnostic.
- Where is MaRS located?
- MaRS is headquartered in Toronto, CA.
- Does MaRS lead rounds?
- MaRS typically participates in rounds rather than leading them.
- Who does MaRS co-invest with?
- MaRS most often shares deals with MaRS Investment Accelerator Fund (IAF), The 51 Ventures, Thin Air Labs, among 18 tracked co-investors.
Media · Podcasts & interviews
from their channelWomen in Cleantech: On a journey to make our future more sustainable
MaRS Discovery District
Tapping the source: How relics of the industrial age could help power the future
MaRS Discovery District
MaRS Food and Agtech Demonstration Initiative – Information webinar
MaRS Discovery District
The coming storm: How AI can help us forecast and harness the weather
MaRS Discovery District
This uncanny moment: AI has us all lurching between hype and hysteria, but what are the real risk...
MaRS Discovery District
Mind over matter
MaRS Discovery District
Images
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