Toronto Β· Pre-SeedβLate Stage Β· 1 people tracked
Investment thesis
MaRS operates as Canada's innovation ecosystem hub, connecting founders with vetted investors, customers, partners and advisors to commercialize science and technology. It supports hundreds of companies at every stage of growth across life sciences and health, cleantech (spanning food, energy, transportation, construction and manufacturing), and emerging technologies such as AI, quantum, robotics and advanced manufacturing. MaRS provides flexible office, lab and event spaces at its MaRS Centre and Waterfront hubs, delivers tailored programming and expert guidance from seasoned advisors, and works with investors, philanthropists, corporates and governments to strengthen Canada's innovation economy and industrial base.
Source: firm website, verified Aug 3, 2026.
Team Β· 1 people
from the firm's website
What they invest in
from 13 of 15 portfolio companiesAI & Machine Learning Γ6SaaS Γ3Advanced Manufacturing Γ2Cleantech Γ2Climate Tech Γ2Deep Tech Γ2Digital Health Γ2FoodTech Γ2
HQs:CanadaΓ5SpainΓ1
Portfolio companies Β· 15 tracked
alumni founders can tell you what the program is really likeElectrovaya develops lithium-ion and solid-state battery technology aimed at safety, energy density, and durability for demanding industrial applications.
CleantechEnergyHardwareMississauga
Dr. Sankar Das Gupta(Executive Officer, Director)Dr. Bejoy Das Gupta(Director)Dr. Carolyn Hansson(Director)Richard P. Halka(Executive Officer)Rajshekar Das Gupta(Executive Officer)John A. Macdonald(Director)
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(Founder)in
Co-investorsGlasswing VenturesGlobal BrainGraphite VenturesArgon VenturesAtlantic Vantage Point
CarbonCure develops technologies that inject captured COβ 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)
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-investorsScale Shift VenturesTechstarsWaterloo Accelerator Centre
Co-investorsBoreal VenturesGood News 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
Multiverse Computing develops model compression technology and compact AI models that let organizations run large-scale AI at lower compute cost across cloud, data center, and edge environments.
AI & Machine LearningDeep TechQuantum Computing
Co-investorsCDP Venture CapitalQAI VenturesQuantonation
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 CapitalClimate CapitalGood Startup+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
Sprout is a digital health and benefits platform focused on fertility and family building, offering navigation support and expert guidance for egg/sperm freezing, IUI/IVF, adoption, and surrogacy.
Digital HealthFemTechHealthtech
Co-investorsBlue CollectiveStand Up VenturesThe 51 Ventures
Vention offers an integrated platform combining modular hardware, cloud-based CAD/programming software, and AI-powered tools that lets manufacturers design, deploy, and operate factory-floor automation such as robot cells, palletizers, and conveyors.
Advanced ManufacturingAI & Machine LearningRobotics
Etienne Lacroix(Founder)in
Co-investorsBaukunstNVenturesWhite Star CapitalDesjardins CapitalFidelity Investments
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
Co-investorsatai Life SciencesAtaiBeckleyEQT Life SciencesICONIQ
Exits Β· 1
IPOs and acquisitions across the tracked portfolioElectrovayaNASDAQ: ELVA
Portfolio news
latest coverage across their companiesVention Β· prnewswire.com Β· Jan 27, 2026
New School Foods Β· greenqueen.com.hk Β· Jun 20, 2025
Frequently asked questions
- 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 atai Life Sciences, Blue Collective, ICONIQ, among 7 tracked co-investors.
Media Β· Podcasts & interviews
from their channelThe 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
Transforming traditional prosthetics
MaRS Discovery District
Degrees of freedom: Why human dexterity is the holy grail of robotics
MaRS Discovery District
How Mobility Unlimited Hub is making strides
MaRS Discovery District
Images
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