MaRS Investment Accelerator Fund

Profile

MaRS Investment Accelerator Fund (IAF) is a venture capital firm based in Toronto, Ontario, Canada, founded in 2008. The firm is one of Canada's most active early-stage investors, focusing on technology companies. The team comprises experienced investors, operators, and builders who provide not only capital but also mentorship and access to networks and customers. MaRS IAF is known for its strong presence in Ontario and its commitment to supporting local talent and technology.

The firm invests primarily in enterprise software, information technology, cleantech, deep tech, and health tech sectors. It typically invests at the seed stage, often being the first investor, and supports companies as they grow. MaRS IAF has deployed over $90 million in capital and maintains an evergreen fund structure, allowing it to consistently support new investments. The firm has a total of $2 billion in follow-on funding and a high follow-on ratio, indicating strong ongoing support for its portfolio companies.

Notable investments by MaRS IAF include companies such as Nicoya - a provider of devices and supplies, Cyder - a business productivity software company, and Aslan Renewables - an alternative energy equipment provider. The firm has achieved over 50 exits, demonstrating its ability to nurture companies to successful outcomes.