University of Waterloo Velocity Overview

  • Investor Type
  • Accelerator/​Incubator

  • Status
  • Active

  • Investments
  • 188

  • Portfolio
  • 120

  • Exits
  • 59


University of Waterloo Velocity General Information


Velocity is an entrepreneurship program at the University of Waterloo and the largest free startup incubator in the world. Velocity runs programs on the University campus and in the broader Waterloo region. There are no fees to the programs Velocity runs and it does not take any equity from startups.

Contact Information

Investor Status
Actively Seeking New Investments
Primary Investor Type
Primary Office
  • Velocity Start South Campus Hall, 2nd Floor
  • 200 University Ave West
  • Waterloo, Ontario N2L 3G1
  • Canada

University of Waterloo Velocity Investments (188)

Company Name Deal Date Deal Type Deal Size Industry Company Stage Lead Partner
Nicoya Lifesciences 16-Dec-2021 Later Stage VC 0000 Other Devices and Supplies Generating Revenue
0000 00000000000 31-Dec-2020 0000 00000 00.00 Other Devices and Supplies Startup
0000 0000 01-Jan-2020 000000000000 Business/Productivity Software Generating Revenue
00000 0000 01-Jan-2020 000000000000 000 Entertainment Software Generating Revenue
000000000 01-Nov-2019 000000000000 Multimedia and Design Software Out of Business
0000000000 27-Mar-2019 000000000000 0000 Diagnostic Equipment Generating Revenue
000000 27-Mar-2019 000000000000 0000 Leisure Facilities Out of Business
0000000 0000000 13-Mar-2019 000000000000 Monitoring Equipment Generating Revenue
Membio 17-Feb-2019 Grant 000.00 Other Healthcare Services Startup
CataLight 27-Nov-2018 Grant 0000 Other Consumer Durables Out of Business 000 0000
You’re viewing 10 of 188 investments. Get the full list »

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University of Waterloo Velocity Exits (59)

Company Name Exit Date Exit Type Exit Size
Furevery 12-May-2022 Out of Business
000000 00 19-Apr-2022 0000000000: 000000
000000 11-Apr-2022 000 00 00000000
00000 0000000 09-Mar-2022 000 00 00000000
0000 01-Jan-2022 000 00 00000000
00000000 29-Dec-2021 000 00 00000000
000000000 01-Dec-2021 000 00 00000000
0000 000000 11-Nov-2021 000000000000000000
Embark Trucks 10-Nov-2021 Reverse Merger 00000
Wolf and Grizzly 29-Apr-2021 Merger/Acquisition
You’re viewing 10 of 59 exits. Get the full list »

University of Waterloo Velocity Investments by Industry, Year, and Region

Investments by Industry

Investments by Year

Investments by Region

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University of Waterloo Velocity Team (6)

Name Title Deals Funds Boards Office
Mike Kirkup Director 0 Waterloo, Canada
Nancy Heide Director, Student Service Centre Waterloo, Canada
Vanessa Thomas Programs Manager Waterloo, Canada
Paul Salvini Ph.D Associate Vice President, Research Commercialization 00 London, United Kingdom
You’re viewing 4 of 6 team members. Get the full list »