When was MaRS Discovery District founded?

MaRS Discovery District was founded in 2000.

Where is MaRS Discovery District's headquarters located?

MaRS Discovery District's headquarters is located in Toronto (Canada).

How big is MaRS Discovery District's investment team?

MaRS Discovery District has a team of 59, including 15 partners.

How many companies has MaRS Discovery District invested in?

MaRS Discovery District has invested in 269 companies, including Wealthsimple & Dialogue.

Which companies has MaRS Discovery District invested in lately?

Sampler & Cybeats are the latest investments by MaRS Discovery District.

How many exits has MaRS Discovery District been involved in?

MaRS Discovery District's portfolio has seen 14 IPOs and 69 acquisitions.

How many unicorns are there in MaRS Discovery District's portfolio?

There are 3 unicorns in MaRS Discovery District's portfolio.

MaRS Discovery District - 2026 Investor Profile, Portfolio, Team & Investment Trends

MaRS Discovery District, an accelerator and incubator program founded in 2000, is based in Toronto, Canada. With a presence in 5 countries, it has supported around 269 startups in sectors like Enterprise Applications, High Tech. As of Oct 2026, MaRS Discovery District has 3 unicorns under its belt and has witnessed 83 portfolio exits. Most notable companies in its portfolio include Wealthsimple, Dialogue and ecobee. The program is backed by a team of 59 people who primarily support Seed startups based in Canada. Its latest investment was a $3M Series A round in Sampler on Feb 19, 2019, which also saw participation from BDC and Shipfusion.

Key Metrics

Founded Year

2000

Location

Toronto, Canada

Portfolio Companies

Wealthsimple, Dialogue & 267 more

Sectors of Investment

Enterprise Applications, High Tech & 30 more

Stages of Investment

Seed, Series A & 3 more

Locations of Investment

Canada, United States & 3 more

Unicorn in Portfolio

StackAdapt, Trulioo & 1 more

View MaRS Discovery District's full profile

MaRS Discovery District has a portfolio of 269 companies, including 3 unicorns. Their most notable investments are in Rank Software and SceneDoc.Their portfolio spans across Canada, United States, Germany and 2 more locations. They have invested in Enterprise Applications, High Tech, HealthTech and 29 other sectors, across stages such as Seed, Series A and 3 more. Here is the list of top investments by MaRS Discovery District:

1. Wealthsimple

Provider of financial services including investing, trading, saving, and borrowing. The company offers chequing accounts, credit cards, and savings accounts. It provides self-directed investing in stocks, ETFs, options, margin, gold, and crypto. Wealth management services include portfolios, direct indexing, and income portfolios. Mortgages and tax filing services are also available.

Key facts about Wealthsimple

Founded Year: 2014
Location: Toronto (Canada)
Valuation: $*****
Stage: Series F
Total Funding till date: $1.29B
Employee Count: 2,503 as on Sep 30, 2026
Investors: Meritech, GIC and 40 Others
Latest Funding Round: Series F, Oct 27, 2025, $*****
Highlight: Editors' Pick

2. Dialogue

Cloud-based telemedicine platform for employees and patients. The company offers an online platform that helps the patients and employees to virtually consult with their nurses and practitioners via video conferencing tools. The platform also helps in giving e-prescriptions, referral management solutions, and more to the users.

Key facts about Dialogue

Founded Year: 2016
Location: Montreal (Canada)
Stage: Acquired
Total Funding till date: $88.2M
Employee Count: 978 as on Sep 30, 2026
Investors: Sagard, National Bank of Canada and 15 Others
Latest Funding Round: Series B, Jul 29, 2020, $*****
Highlight: Acquired

3. ecobee

Manufacturer of smart thermostats, sensors, cameras, and security system bundles. The company provides smart thermostats with accessories, air filter subscriptions, and power extender kits. It offers smart sensors for rooms, doors, and windows. The company also manufactures wired smart doorbell cameras and smart cameras with voice control. In addition, the business provides home security bundles and smart security subscriptions.

Key facts about ecobee

Founded Year: 2007
Location: Toronto (Canada)
Stage: Acquired
Total Funding till date: $155M
Employee Count: 542 as on Sep 30, 2026
Investors: Evergy Ventures, Energy Impact Partners and 14 Others
Latest Funding Round: Series C, May 31, 2018, $*****
Highlight: Acquired

4. Borrowell

Provider of a credit monitoring and financial products comparison platform. It provides users with a platform where users have to register on the platform for access to credit reports. It offers personalized product recommendations and credit improvement tips based on the credit report. Allows users to compare credit cards, personal loans, mortgages, bank accounts, home and auto insurance and investment products.

Key facts about Borrowell

Founded Year: 2014
Location: Toronto (Canada)
Stage: Series B
Total Funding till date: $53.6M
Employee Count: 124 as on Sep 30, 2026
Investors: Sagard, National Bank of Canada and 29 Others
Latest Funding Round: Series B, Feb 22, 2021, $*****
Highlight: Editors' Pick

5. Mogo

Provider of an app-based platform for consumer loans and debt management solutions. It features an online account with a VISA reloadable prepaid card. It offers personal and mortgage loans to customers with a step-based interest rate, tools for checking credit scores, crypto trading platforms, and more. The application is available on Android and iOS devices.

Key facts about Mogo

Founded Year: 2008
Location: Vancouver (Canada)
Stage: Public
Employee Count: 215 as on Sep 30, 2026
Investors: Advantas Capital Ventures, MaRS Discovery District and 7 Others
Latest Funding Round: Post IPO, Jun 08, 2017, $*****
Highlight: Public

View the full list of portfolio companies

MaRS Discovery District has invested in 269 companies over the last 18 years, with an average of 1 new investment annually in the last 10 years. Its most recent first time investment was in Cybeats and most recent follow-on round was in Sampler.

View all investments by MaRS Discovery District

MaRS Discovery District has made 35 investments in Seed stage with an average round size of $1.47M, 4 investments in Series A stage with an average round size of $2.77M, 2 investments in Unattributed stage with an average round size of $20K, 1 investment in Angel stage with an average round size of $750K and 1 investment in Grant (prize money) stage with an average round size of $20K.

Here are MaRS Discovery District's investments by stage:

Stage of entry	No. of Investments
Seed	35
Series A	4
Unattributed	2
Angel	1
Grant (prize money)	1

Note: We have considered here, only first round of investments

View all investments by MaRS Discovery District

MaRS Discovery District has a diverse portfolio, with companies operating in the Enterprise Applications, Vertical SaaS, Consumer, Enterprise Infrastructure and Retail. Notably, it has invested in 239 Tech companies, 212 Enterprise (B2B) companies, 149 Software companies and at least 82 companies focusing on Saas.

Here are MaRS Discovery District's investments by sector:

Sector	No. of Investments
Enterprise Applications	25
Vertical SaaS	9
Consumer	6
Enterprise Infrastructure	6
Retail	6
Others	34

Note: We have considered here, only first round of investments

View all investments by MaRS Discovery District

MaRS Discovery District has made most investments in Canada (42), followed by United States where it has made 1 investment.

Here are MaRS Discovery District's investments by geography:

Country	No. of Investments
Canada	42
United States	1

Note: We have considered here, only first round of investments

View all investments by MaRS Discovery District

MaRS Discovery District has not made any investment in 2026 so far.

Here are the most recent investments by MaRS Discovery District:

Filter this list

Date	Company	Location	Round Details	Round Amount	Co-Investors
Feb 19, 2019	Sampler	Canada	Series A	2482	BDC [+4]
Dec 18, 2018	Cybeats	Canada	Seed	6072	GreenSoil Investments [+4]
Nov 27, 2017	Smooth Commerce	Canada	Series A	3750	-
Oct 30, 2017	Askuity	Canada	Series B	3426	dunnhumby Ventures
Aug 29, 2017	Ideal Candidate	Canada	Series A	1311	Richard Hyatt [+1]

See more recent investments made by MaRS Discovery District

MaRS Discovery District has 3 unicorns in its portfolio - StackAdapt, Trulioo and Wealthsimple. The most recent unicorn in their portfolio is StackAdapt. It became a unicorn in 2025, 1 years before MaRS Discovery District first invested in it.

Here is a list of unicorns in MaRS Discovery District's portfolio:

Filter this list

Tracxn Score	Company	Short Description	Founded year	Sector	Location	Company Stage	First Investment/ Acquisition Details
73	StackAdapt	Provider of an AI-powered platform for digital advertising campaign management	2014	Enterprise Applications	Toronto	Series B	cygqspi
66	Trulioo	Provider of online identity verification services for KYC, KYB, and AML	2011	FinTech [+2]	Vancouver	Series D	issdcgd
78	Wealthsimple	Provider of financial services including investing, trading, saving, and borrowing	2014	FinTech [+2]	Toronto	Series F	ydgieiw

View more details about unicorns in MaRS Discovery District's portfolio

14 of MaRS Discovery District's portfolio companies have become public. General Fusion got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ), in Jul 2026 and Conavi got listed on the Toronto Stock Exchange - Venture Exchange (TSX-V).

Here are MaRS Discovery District's portfolio companies that went public:

Filter this list

Company	IPO Date	First Invested on	First Round of Investment	Round Size
General Fusion	Jul 13, 2026	-	-	9825
Conavi	Oct 16, 2024	-	-	4096
Cybeats	Nov 21, 2022	Dec 18, 2018	Seed	4674
Farmers Edge	Mar 02, 2021	-	-	1335
Abcellera Biologics	Dec 11, 2020	-	-	8030

View more details about public companies in MaRS Discovery District's portfolio

69 companies from MaRS Discovery District's portfolio have been acquired. The most recent acquisition was Nanoleaf in Jun 2026 by OneRobotics for $*****.

Here are MaRS Discovery District's portfolio companies that got acquired most recently:

Filter this list

Company	Acquisition Date	First Invested on	First Round of Investment	Round Size
Nanoleaf	Jun 03, 2026	-	-	6421
Plum.io	Apr 28, 2026	-	-	2997
PartnerStack	Apr 14, 2026	-	-	1156
Tealbook	Apr 03, 2026	May 08, 2017	Seed	3582
Metro Compactor Service	Feb 24, 2026	-	-	3604

View all acquired companies in MaRS Discovery District's portfolio

MaRS Discovery District has a team of 59 members including 15 Partners, 1 Venture Partner and 13 Principals located in Canada. MaRS Discovery District's team sits on the board of 2 companies.

Here is a list of top team members in MaRS Discovery District:

Name	Designation	Location	Board Memberships	Contact Details
Annette Verschuren	Partner	Canada	Stella cheeses	-
Barry Gekiere	Partner	Toronto	-	1 Email
Molly Shoichet	Partner	Toronto	AmacaThera	1 Email
Emil Savov	Partner	Ottawa	-	2 Emails
Diane Kazarian	Partner	Toronto	-	1 Email
Catherine Luelo	Partner	Calgary	-	1 Email
Claudette McGowan	Partner	Toronto	-	-
Elaine Campbell	Partner	-	-	1 Email
Andrew Chisholm	Partner	Toronto	-	1 Email
Meric Gertler	Partner	Toronto	-	-
Stefan Larson	Partner	Montreal	-	1 Email

View team details of MaRS Discovery District

Over the past 18 years, 122 investors have co-invested in MaRS Discovery District's portfolio companies. This includes funds and angels.

Invested before MaRS Discovery District: Maple Leaf Angels, Inovia Capital and 10 others have invested in rounds before MaRS Discovery District. There are 2 companies where Maple Leaf Angels has invested before MaRS Discovery District and 1 company where Inovia Capital has invested before MaRS Discovery District.
Top Co-investors of MaRS Discovery District: 28 investors entered a company along with MaRS Discovery District. These include investors like Export Development Canada (4 companies).
Invested after MaRS Discovery District: A total of 82 investors have invested in MaRS Discovery District's portfolio after their investments. Top Investors include Accelerator Centre (5 companies) and FedDev Ontario (4 companies).