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MaRS Investment Accelerator Fund (IAF)

Accelerator

Toronto · Pre-Seed–Series B · 26 people tracked

Also known as MaRS Investment Accelerator Fund

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Investment thesis

MaRS supports Canadian founders from pre-seed funding through international expansion, providing office/lab space, targeted programming, advisory guidance and investor connections. It focuses on commercializing science and technology to strengthen Canada's innovation economy. Through the MaRS Investment Accelerator Fund and its capital programs, it connects high-potential companies with vetted investors, customers and partners. Sector emphasis spans health and life sciences (therapies, diagnostics, digital care), cleantech (food, energy, transportation, construction, manufacturing), and emerging technologies such as AI, quantum, robotics and advanced manufacturing.

Source: firm website, verified Aug 3, 2026.

Stage
Pre-Seed–Series B
HQ
Toronto, ON, CA
Instruments
Equity · Grants · Debt
Founded
2001
AUM
$109M
Portfolio companies
15

Team · 26 people

from the firm's website

What they invest in

from 13 of 15 portfolio companies

Cleantech ×5AI & Machine Learning ×4Deep Tech ×4AgTech ×2Climate Tech ×2Energy ×2Hardware ×2New Materials ×2

HQs:Canada×9

Portfolio companies · 15 tracked

alumni founders can tell you what the program is really like
BoxKnightbetakit.comin𝕏

BetaKit is a Canadian technology news publication covering startups, venture capital, and the tech industry through articles and a podcast.

Media & Entertainment

Co-investors11.2 CapitalAdvance Venture PartnersBackbone AngelsBKR CapitalConexus Venture CapitalOntario Centre of Innovation programs+2 more

Cognotacognota.comin𝕏

Cognota provides a platform for learning and development (L&D) and talent professionals to manage workforce development and transformation.

AI & Machine LearningEnterprise SoftwareHR TechSaaS

Ryan Austin(Founder)in

Co-investorsBlossom Street VenturesDifferential VenturesTIA Ventures

FeX Energyfexenergy.comin

FeX Energy develops iron-based thermochemical energy storage systems that convert electricity into sustained high-temperature heat up to 900°C for industrial applications.

CleantechDeep TechEnergyMontreal, CA

Jeffrey Bergthorson(Professor)

Co-investorsAmplify Capital

Growcerthegrowcer.cain

Growcer designs and builds modular vertical container farms (branded Osiris®) that use deep water culture hydroponics to grow lettuce, leafy greens, herbs, and other crops year-round in climates ranging from -40°C to +40°C.

AgTechFoodTechHardware

Co-investorsOntario Centre of InnovationOntario Centre of Innovation programsSheBoot

Lituslitus.cain

Litus develops a patent-pending nanotechnology process (LiNC) for Direct Lithium Extraction (DLE) from aqueous sources, producing high-purity lithium compounds while preserving source water.

CleantechDeep TechNew Materials

Co-investorsStartup TNTUCeed Funds

Marsddmarsdd.com

Co-investorsClimate InvestmentScale AI

Metafoldmetafold3d.comin

Metafold provides a geometric intelligence platform that analyzes 3D CAD data to enable manufacturers to make rapid design and manufacturing decisions.

Advanced ManufacturingAI & Machine LearningDeep Tech

Co-investorsDifferential VenturesJetstream

Missionfrommarsmissionfrommars.cain

Mission from MaRS is a Canadian climate initiative that identifies companies with scalable emission-reduction technologies and connects their founders with ecosystem leaders to help commercialize and scale these solutions across sectors such as energy, real estate, transportation, and carbon management.

CleantechClimate TechImpact & Social Good

Nfinitenanonfinitenano.com

Nfinite makes ultra-high barrier paper that is 100% curbside recyclable and designed as a drop-in replacement for flexible plastic packaging on high-speed form-fill-seal lines.

Circular EconomyDeep TechNew Materials

Chee Hau Teoh(Cofounder)Kevin Musselman(Founder)

Co-investorsFTW VenturesCollateral Good

Peak Powerpeakpowerenergy.comin𝕏

Peak Power provides AI-enabled battery energy storage systems and optimization services that help large commercial and industrial facilities reduce peak demand charges, generate grid revenue, and cut energy costs with no upfront cost.

AI & Machine LearningCleantechEnergy

Co-investorsThe Atmospheric FundWaterpoint Lane

Planetaryplanetarytech.com

Planetary removes carbon dioxide from the atmosphere using ocean alkalinity enhancement, introducing purified alkaline minerals into coastal outfalls at existing infrastructure sites like power plants and wastewater treatment facilities.

CleantechClimate Tech

Co-investorsAmplify CapitalNucleation Capital

Promise Roboticspromiserobotics.com

Promise Robotics offers an AI-powered, cloud-based offsite construction platform that converts builders' design files into manufacturing instructions, automating estimating, procurement, robotic framing, and onsite assembly for homebuilders.

Construction TechPropTechRobotics

Co-investorsAlate PartnersHorizons VenturesRadical VenturesRelay Ventures

Vivid Machinesvivid-machines.comin𝕏Feb 2023

Vivid Machines provides real-time crop intelligence and vision-based technology for fruit producers, offering insights on crop load management, yield forecasting, plant health, and disease detection.

AgTechAI & Machine LearningHardwareToronto, CA

Jennifer Lemieux(Executive Officer, Director)Jonathan Binas(Co-founder)inJenny Lemieux(Co-founder)in

Co-investorsEntrepreneur FirstSpatial CapitalStand Up VenturesTall Grass VenturesBoxOne Ventures

Willful Legal Techwillful.coin

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 AngelsFounderFuelTacticoMaRS

Portfolio news

latest coverage across their companies

Frequently asked questions

How many investments has MaRS Investment Accelerator Fund (IAF) made?
MaRS Investment Accelerator Fund (IAF) has 15 tracked investments.
What stage does MaRS Investment Accelerator Fund (IAF) invest at?
MaRS Investment Accelerator Fund (IAF) invests at the Pre-Seed, Seed, Series A, Series B stages.
What sectors does MaRS Investment Accelerator Fund (IAF) focus on?
MaRS Investment Accelerator Fund (IAF) focuses on Advanced Manufacturing, AI & Machine Learning, Biotech, Cleantech, Climate Tech, Construction Tech, Deep Tech, Digital Health, Energy, Enterprise Software, FoodTech, Healthtech, Impact & Social Good, Mobility & Transportation, Quantum Computing, Robotics, SaaS.
Where is MaRS Investment Accelerator Fund (IAF) located?
MaRS Investment Accelerator Fund (IAF) is headquartered in Toronto, CA.
Who does MaRS Investment Accelerator Fund (IAF) co-invest with?
MaRS Investment Accelerator Fund (IAF) most often shares deals with Ontario Centre of Innovation programs, Amplify Capital, Backbone Angels, among 31 tracked co-investors.

Media · Podcasts & interviews

from their channel

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

Creating Climate Impact: Celebrating five years of Mission from MaRS

MaRS Discovery District

Images

MaRS Investment Accelerator Fund (IAF) photoMaRS Investment Accelerator Fund (IAF) photoMaRS Investment Accelerator Fund (IAF) photo

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