How many investments has MaRS Investment Accelerator Fund made?

MaRS Investment Accelerator Fund has 12 tracked investments, including 2 dated in the last 24 months.

What stage does MaRS Investment Accelerator Fund invest at?

MaRS Investment Accelerator Fund invests at the Pre-Seed, Seed, Series A stages.

What sectors does MaRS Investment Accelerator Fund focus on?

MaRS Investment Accelerator Fund focuses on Sector Agnostic.

Where is MaRS Investment Accelerator Fund located?

MaRS Investment Accelerator Fund is headquartered in Toronto, CA.

MaRS Investment Accelerator Fund

Venture capital

Toronto · Pre-Seed–Series A · 10 people tracked

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Investment thesis

MaRS IAF is a multi-sector early-stage venture fund committed to Ontario's innovation ecosystem. It provides consistent, long-term support to Canadian technology founders, combining capital with mentorship, deep networks and customer access to help build globally competitive, transformative companies.

Invests inSector AgnosticCanada Toronto

Source: firm website, verified Sep 20, 2026.

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Stage

Pre-Seed–Series A

Toronto, CA

Instruments

Equity

Founded

2008

Tracked investments

Team · 10 people

from the firm's website & curated & public directories

William Ma· Managing Director· Toronto, Ontarioin

Finance and operations leader who previously directed technology banking at Silicon Valley Bank and led finance and operations at enterprise SaaS startup Validere. He co-founded a Y-Combinator-backed SaaS company and holds a commerce and economics degree from the University of Toronto's Rotman School and a CFA charter.

Robbie Marks· Director, Investmentsin

Director of investments with a background in venture capital law and early-stage investing. He was an early senior associate at Staircase Ventures and previously practiced venture capital and emerging technology law at Fasken. He holds a JD/MBA from the University of Toronto and a Bachelor of Commerce from Queen's University.

Andrew Hudon· Senior Associate, Investmentsin

Senior associate on the investments team who previously led business development at the L-SPARK SaaS Accelerator and worked as a senior consultant at EY, beginning his career as an engineer at Ford. He holds an engineering degree from Western University and an MBA from HEC Montreal.

Bora Kutun· Associate, Investments

Associate on the investments team with a life sciences and venture capital background, having previously held roles at RBCx, Amplify Capital and Front Row Ventures. He holds a Bachelor of Science in molecular biology and immunology from the University of Toronto.

Jillian Malcolm· Senior Associate, Investmentsin

Senior associate on the investments team with prior experience at MaRS Discovery District in programming and client engagement and at Silicon Valley Bank in sales operations. She holds a Bachelor of Arts in Political Science from Western University.

Laura Samarze· Manager, Finance and Operationsin

Finance and operations manager who previously led venture debt transactions as VP of credit solutions at Silicon Valley Bank and started her career at CIBC. A founding member of Canadian Women in VC, she holds a Bachelor of Commerce from Queen's University.

Nicole Osborne· Director, Platform

People and operating leader with more than 15 years scaling high-growth technology companies, including senior people roles at Manifold, Validere, Rose Rocket and BiblioCommons. She has mentored First Round Capital portfolio leaders and began her career at Veeva Systems.

Sennah Mostovac· Senior Associate, Ecosystem and Operationsin

Senior associate for operations with experience in commercial banking, treasury and securitization gained at Scotiabank and Questrade Financial Group. She holds a Bachelor of Commerce (Co-op) in accounting from Dalhousie University.

Matthew Leibowitz· Investment Committee Member· Torontoin 𝕏

Co-Founder and Managing General Partner of Plaza Ventures with decades of venture capital experience. He sits on several boards including StackAdapt, is a former board member of the Canadian Venture Capital Association, and previously led growth-tech finance deals at B.E.S.T. Funds.

matthew@plaza.ventures

Raif Barbaros· Member of Investment Committee· Greater Toronto Area, Canadain

Partner and former startup CTO who founded several VC-backed companies in the Bay Area and Toronto, two of which were acquired and two reaching millions of users. He was founding VP of Engineering at Loblaw Digital and worked at fintech Nuula.

Founder mafia

3 people who came through MaRS Investment Accelerator Fund went on to found or lead other companies.

Michelle McBaneSenior Investment DirectorFounded Standup Ventures Kevin MadillInvestment DirectorFounded Miovision William MaManaging DirectorFounded BHRD

What they invest in

from 12 of 12 portfolio companies

AI & Machine Learning ×6SaaS ×5Marketing Tech ×3Cleantech ×2Climate Tech ×2Energy ×2Enterprise Software ×2Hardware ×2

HQs:Canada×4Germany×1

Investments · 12 tracked

founders shown can be your intro path

By year:2024 · 2 2023 · 1 2022 · 1 2020 · 3 2014 · 18 dated

ACTOacto.com in

Acto provides a mobile app platform for field-based sales teams in regulated industries to deliver training, coaching, and presentations with approved content and messaging.

AI & Machine LearningEdTechEnterprise SoftwareHealthtechSaaSSales Tech

Parth Khanna(CEO)in

Co-investorsDMZ Extreme Venture Partners Extreme Venture Partners LLP Good News Ventures Graphite Ventures Innovation Grade Ventures +6 more

Aslan Renewablesaslanrenewables.com

Aslan Renewables installs modular hydropower systems beside existing dams and water-control structures in North America, converting managed water flow into always-on clean electricity for communities, industry, and grids.

CleantechClimate TechEnergy

Co-investorsUCeed Funds Antares Ventures Pte. Ltd.MaRS Investment Accelerator Fund (IAF)

Brickeyebrickeye.com 𝕏Oct 2023

Brickeye provides an end-to-end construction risk management platform that combines ruggedized IoT-enabled hardware, network connectivity, and software analytics to monitor job site conditions including water damage, concrete quality, and environmental risks.

Construction TechInsurTechIoT

Co-investorsBrightspark Ventures Graphite Ventures GreenSky Ventures Startup TNT

Celtic Houseceltic.vcMay 2020 · $1.8M

Celtic is an early growth equity investor that backs technology startups applying cloud-based AI technologies to business needs, working with founding teams that have reached product-market fit.

AI & Machine LearningEnterprise Software

Larry Liu(Founder (GCI Capital); launched Celtic House Asia Partners)in

Co-investorsBDC Fund Investments (Fund-of-Funds)BDC Thrive ETA Fund Celtic House Venture Partners Techstars

E-zince-zinc.ca in 𝕏Seed · Jan 2020 · $3M

e-Zinc develops long-duration energy storage solutions using zinc-based technology for grid resilience, remote power, and renewable energy integration.

CleantechClimate TechEnergyHardwareOntario, CA

Dr. Gregory X. Zhang(Founder)James Larsen in

Co-investorsToyota Ventures Anzu Partners Earth Foundry Energy Foundry Graphite Ventures Ventioneers Capital +5 more

Ecomtentecomtent.ai in 𝕏Dec 2024

Ecomtent develops AI-powered tools for ecommerce that merge CRM and ERP data to provide real-time visibility into business metrics.

AI & Machine LearningE-commerceMarketing TechRetail TechToronto, CA

Max Sinclair(Founder, CEO)inTimur Luguev(Founder, CTO)in

Co-investorsTechstars Twin Path Ventures

Funnelyticsfunnelytics.ioJun 2020 · $1.5M

Funnelytics is a visual funnel analytics platform that maps, tracks, and optimizes customer journeys across marketing channels, combining ad-source and on-site behavior into a unified attribution view.

AdTechMarketing TechSaaS

Mikael Dia(Founder)in

Co-investorsGood News Ventures GreenSky Ventures

Idealideal-versicherung.de in

IDEAL is a German mutual insurance company (Versicherungsverein auf Gegenseitigkeit) founded in 1913 that specializes in retirement and later-life provision products, including funeral cost insurance (Sterbegeld), long-term care pension (PflegeRente), and life/retirement savings products (UniversalLife).

FintechInsurTech

Co-investorsVENPACE Kaszek Ventures

Mosellemoselle.io in 𝕏Oct 2024 · $2.1M

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 Ventures True.AQC Capital Highline Beta MaRS

PageCloudpagecloud.com 𝕏Pre-Seed · Sep 2014 · $1M

Pagecloud is a no-code website builder that enables small business owners and service professionals to create, customize, and publish websites without coding.

Creator EconomyDeveloper ToolsMarketing TechSaaSOttawa

Peter Becke(Executive Officer)Scott Lake(Executive Officer)Alan Wille(Executive Officer)Mark Murray(Executive Officer)Greg Evans(Chief Executive Officer)Mike(Chief Executive Officer)

TritonWeartritonwear.com in 𝕏

TritonWear builds performance-tracking metrics and analytics tools for competitive swimmers and coaches, using wearable technology to measure and analyze swimming technique.

AI & Machine LearningHardwareIoTSports Tech

Tristan Lehari(CEO)in

Co-investorsAltitude Angels Celtic House Asia Partners Laurier Startup Fund Maple Leaf Angels Relentless Pursuit Partners York Angel Investors Inc.

Welbiwelbi.co inSeed · Jul 2022 · $2M

Welbi provides software solutions that enable senior living communities to deliver personalized care to older adults.

AI & Machine LearningData & InfrastructureHealthtechSaaS

Elizabeth Audette-Bourdeau(Founder and CEO)in

Co-investorsGraphite Ventures Third Act Ventures SoGal Ventures

Portfolio news

latest coverage across their companies

Aslan Renewables Secures $1,250,000 Pre-Seed Funding

Aslan Renewables · leadsontrees.com · Nov 17, 2025

Frequently asked questions

How many investments has MaRS Investment Accelerator Fund made?: MaRS Investment Accelerator Fund has 12 tracked investments, including 2 dated in the last 24 months.
What stage does MaRS Investment Accelerator Fund invest at?: MaRS Investment Accelerator Fund invests at the Pre-Seed, Seed, Series A stages.
What sectors does MaRS Investment Accelerator Fund focus on?: MaRS Investment Accelerator Fund focuses on Sector Agnostic.
Where is MaRS Investment Accelerator Fund located?: MaRS Investment Accelerator Fund is headquartered in Toronto, CA.

Images

Co-investors · 1

Energy Foundry

Energy Foundry pioneers a venture capital approach focused on critical infrastructure sectors including energy, water, waste, mobility, agriculture, and infrastructure, leveraging AI, proprietary data advantages, specialized expertise, and efficient capital deployment strategies.

Both backed · 1

E-zinc

$1M – $5M

Firms observed investing alongside MaRS Investment Accelerator Fund, from public investor directories. Shared companies are the overlap with MaRS Investment Accelerator Fund's recorded portfolio.

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