Fundraising FoxNEXT AI
AcceleratorToronto · Pre-Seed–Seed · 8 people tracked
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Investment thesis
Next AI is a non-dilutive accelerator for AI-enabled startups that selects top early-stage Canadian teams each year and helps them develop both AI products and go-to-market strategies. Leveraging a network of AI scientists, academic faculty, and business leaders, the program delivers curriculum, 1-1 support, workshops, and mentorship across two phases, first strengthening venture foundations and investor-readiness, then focusing founders on product growth, market validation, and fundraising. The program charges no fee and takes no equity, instead connecting ventures to a network of angels and VCs across North America. It targets Canadian-incorporated, early-stage/pre-seed ventures where AI is core to the company, requiring both business and technical co-founders.
Source: firm website, verified Nov 1, 2026.
Team · 8 people
from the firm's website
Teaches strategy and innovation; affiliated with the Rotman School of Management.
Faculty focused on deep learning in computer vision and NLP, affiliated with Simon Fraser University.
Teaches agile project management; affiliated with HEC Montreal.
AutoML faculty affiliated with Prior Labs and the University of Freiburg.
Machine learning faculty affiliated with the University of Guelph, CIFAR, and Google.
Reinforcement learning faculty affiliated with Cohere and McGill University.
Teaches economics of entrepreneurship; associated with Alignvest Management Corporation and Harvard Business School.
Deep learning faculty affiliated with Universite de Montreal and Mila.
What they invest in
from 2 of 4 portfolio companiesEnterprise Software ×2AI & Machine Learning ×1Cybersecurity ×1Data & Infrastructure ×1Fintech ×1SaaS ×1
HQs:Canada×2
Portfolio companies · 4 tracked
alumni founders can tell you what the program is really like
Feroot discovers and monitors third-party scripts, tags, and trackers on websites to detect malicious or unwanted code and block threats.
CybersecurityEnterprise SoftwareSaaSToronto, CA
Ivan Tsarynny(Founder)inVitaliy Lim(Founder)in
Co-investorsStoneMill VenturesTrue VenturesY CombinatorAndros15 VenturesHaystackIndustry Ventures+2 more
Senso builds infrastructure that acts as a verified-context layer for AI agents, enabling organizations to ensure that AI answers align with their actual ground truth.
AI & Machine LearningData & InfrastructureEnterprise SoftwareFintechToronto, CA
Saroop Bharwani(Founder)inThomas Nelson(Founder)inAndy Tran(Product Manager)
Co-investorsBreakawayGrowth FundEight CapitalLuge CapitalMaiora Rebel VenturesMendoza VenturesMK Venture Capital+8 more
Other
Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.
ferootIntuitive
Portfolio news
latest coverage across their companiesFrequently asked questions
- What stage does NEXT AI invest at?
- NEXT AI invests at the Pre-Seed, Seed stages.
- What sectors does NEXT AI focus on?
- NEXT AI focuses on AI & Machine Learning, Sector Agnostic.
- Where is NEXT AI located?
- NEXT AI is headquartered in Toronto, CA.
- Who does NEXT AI co-invest with?
- NEXT AI most often shares deals with Y Combinator, Luge Capital, Rebel Fund, among 12 tracked co-investors.
Images
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