When was Ontario Brain Institute founded?

Ontario Brain Institute was founded in 2010.

Where is Ontario Brain Institute's headquarters located?

Ontario Brain Institute's headquarters is located in Toronto (Canada).

How big is Ontario Brain Institute's investment team?

Ontario Brain Institute has a team of 25, including 10 partners.

How many companies has Ontario Brain Institute invested in?

Ontario Brain Institute has invested in 85 companies, including Atomwise & Conavi.

Which companies has Ontario Brain Institute invested in lately?

Grey Matter Neurosciences & RetiSpec are the latest investments by Ontario Brain Institute.

How many exits has Ontario Brain Institute been involved in?

Ontario Brain Institute's portfolio has seen 4 IPOs and 3 acquisitions.

Ontario Brain Institute - 2026 Investor Profile, Portfolio, Team & Investment Trends

Ontario Brain Institute, an accelerator and incubator program founded in 2010, is based in Toronto, Canada. With a presence in 7 countries, it has supported around 85 startups in sectors like HealthTech, Life Sciences. As of Oct 2026, Ontario Brain Institute has witnessed 7 portfolio exits. Most notable companies in its portfolio include Atomwise, Conavi and LUCID. The program is backed by a team of 25 people who primarily support Grant (prize money) startups based in Canada. Its latest investment was a $14M Seed round in Grey Matter Neurosciences on Jan 23, 2025, which also saw participation from Wittington Ventures and TIAP.

Key Metrics

Founded Year

2010

Location

Toronto, Canada

Portfolio Companies

Atomwise, Conavi & 83 more

Sectors of Investment

HealthTech, Life Sciences & 16 more

Stages of Investment

Grant (prize money), Seed & 1 more

Locations of Investment

Canada, United States & 5 more

View Ontario Brain Institute's full profile

Ontario Brain Institute has a portfolio of 85 companies. Their most notable investments are in Panaxium and Mindset Pharma.Their portfolio spans across Canada, United States, Egypt and 4 more locations. They have invested in HealthTech, Life Sciences, High Tech and 15 other sectors, across stages such as Grant (prize money), Seed and 1 more. Here is the list of top investments by Ontario Brain Institute:

1. Atomwise

Developer of artificial intelligence platform for small molecule drug discovery. The platform combines convolutional neural networks with chemical libraries to accelerate drug discovery. It focuses expertise on challenging problems to transform small molecule drug discovery. The company develops a portfolio of wholly owned and co-developed pipeline assets.

Key facts about Atomwise

Founded Year: 2012
Location: San Francisco (United States)
Valuation: $*****
Stage: Series B
Total Funding till date: $219M
Employee Count: 13 as on Sep 30, 2026
Investors: AME Cloud Ventures, Runway and 27 Others
Latest Funding Round: Series B, Mar 08, 2024, $*****
Highlight: Editors' Pick

2. Conavi

A catheter-based ultrasound system for cardiac imaging. The company has developed, Foresight ICE System, a catheter-based ultrasound system capable of providing both 2D and 3D ultrasound images of cardiac anatomy around the circumference of the catheter's tip.

Key facts about Conavi

Founded Year: 2007
Location: Toronto (Canada)
Stage: Public
Total Funding till date: $27.7M
Employee Count: 61 as on Sep 30, 2026
Investors: FedDev Ontario, MaRS Discovery District and 6 Others
Latest Funding Round: Post IPO, Aug 12, 2026, $*****
Highlight: Public

3. LUCID

Key facts about LUCID

Founded Year: 2017
Location: Toronto (Canada)
Annual Revenue: $1M - $10M as on Dec 31, 2013
Stage: Seed
Total Funding till date: $2.46M
Employee Count: 47 as on Aug 31, 2026
Investors: Reverb Capital, Amplify Capital and 5 Others
Latest Funding Round: Seed, Aug 12, 2022, $*****

4. Grey Matter Neurosciences

Developer of medical devices for neurological disease treatment. It offers ultrasound headset that facilitate therapeutic brain stimulation for thw treatment of Alzheimer's and other brain diseases and disorders.

Key facts about Grey Matter Neurosciences

Founded Year: 2021
Location: Toronto (Canada)
Stage: Seed
Total Funding till date: $14M
Employee Count: 24 as on Aug 31, 2026
Investors: Ontario Centre of Innovation, Ontario Brain Institute and 2 Others
Latest Funding Round: Seed, Jan 23, 2025, $*****
Highlight: Editors' Pick

5. NetraMark

NetraMark provides an AI-assisted platform for drug discovery and development. The platform utilizes machine learning technology for the prediction of the lead candidates. The company claims to provide ALS predictions, responses to anti-depressant drugs, and predict placebo responses.

Key facts about NetraMark

Founded Year: 2015
Location: Toronto (Canada)
Stage: Public
Employee Count: 30 as on Sep 30, 2026
Investors: JLABS, Ontario Brain Institute and 1 Other
Latest Funding Round: Post IPO, Jan 13, 2026, $*****
Highlight: Public

View the full list of portfolio companies

Ontario Brain Institute has invested in 85 companies over the last 14 years, with an average of 3 new investments annually in the last 10 years. In 2025, it made 1 investment. Its most recent first time investment was in Grey Matter Neurosciences and most recent follow-on round was in RetiSpec.

Here are Ontario Brain Institute's Year-on-Year Investment Trends:

Year	No. of Investments
Year	1^st Round	Follow-on	Total
2026 (YTD)	0	0	0
2025	1	0	1
2024	0	1	1
2023	1	0	1
2022	0	0	0
2021	1	2	3
2020	4	0	4
2019	6	0	6
2018	2	0	2
2017	11	0	11

View all investments by Ontario Brain Institute

Ontario Brain Institute has made 26 investments in Grant (prize money) stage with an average round size of $108K, 6 investments in Seed stage with an average round size of $7.25M and 1 investment in Series A stage with an average round size of $1.5M.

Here are Ontario Brain Institute's investments by stage:

Stage of entry	No. of Investments
Grant (prize money)	26
Seed	6
Series A	1

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

View all investments by Ontario Brain Institute

Ontario Brain Institute has a diverse portfolio, with companies operating in the Life Sciences, HealthTech, Consumer, High Tech and Enterprise Applications. Notably, it has invested in 66 Tech companies, 54 Enterprise (B2B) companies, 31 Tech hardware companies and at least 30 companies focusing on Software.

Here are Ontario Brain Institute's investments by sector:

Sector	No. of Investments
Life Sciences	20
HealthTech	16
Consumer	8
High Tech	7
Enterprise Applications	5
Others	11

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

View all investments by Ontario Brain Institute

Ontario Brain Institute has made most investments in Canada (28), followed by United States where it has made 2 investments.

Here are Ontario Brain Institute's investments by geography:

Country	No. of Investments
Canada	28
United States	2
France	1
Israel	1
Singapore	1

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

View all investments by Ontario Brain Institute

Ontario Brain Institute has not made any investment in 2026 so far.

Here are the most recent investments by Ontario Brain Institute:

Filter this list

Date	Company	Location	Round Details	Round Amount	Co-Investors
Jan 23, 2025	Grey Matter Neurosciences	Canada	Seed	4709	Wittington Ventures [+2]
Jul 26, 2024	RetiSpec	Israel	Series A	8577	iGan Partners [+7]
Apr 10, 2023	Panaxium	France	Seed	8500	-
Jul 2021	Steadiwear	Canada	Seed	5523	3W Partners [+1]
May 17, 2021	QurCan Therapeutics	United States	Seed	8520	Ontario Centre of Innovation ... [+2]

See more recent investments made by Ontario Brain Institute

4 of Ontario Brain Institute's portfolio companies have become public. Conavi got listed on the Toronto Stock Exchange - Venture Exchange (TSX-V), in Oct 2024 and NetraMark got listed on the Canadian Securities Exchange (CSE).

Here are Ontario Brain Institute's portfolio companies that went public:

Filter this list

Company	IPO Date	First Invested on	First Round of Investment	Round Size
Conavi	Oct 16, 2024	-	-	8771
NetraMark	Jun 07, 2021	Jun 21, 2017	Grant (prize money)	7304
Mindset Pharma	Dec 23, 2020	Nov 09, 2020	Seed	5089
Ehave	Dec 16, 2016	-	-	8303

View more details about public companies in Ontario Brain Institute's portfolio

3 companies from Ontario Brain Institute's portfolio have been acquired. The most recent acquisition was Winterlight Labs in Jan 2023 by Cambridge Cognition for $*****.

Here are Ontario Brain Institute's portfolio companies that got acquired most recently:

Filter this list

Company	Acquisition Date	First Invested on	First Round of Investment	Round Size
Winterlight Labs	Jan 11, 2023	-	-	1849
7D Surgical	Mar 22, 2021	-	-	1989
Fluorinov Pharma	Jan 27, 2016	-	-	5809

View all acquired companies in Ontario Brain Institute's portfolio

Ontario Brain Institute has a team of 25 members including 10 Partners and 1 Principal located in Canada and United States. Ontario Brain Institute's team does not sit on the board of any company as of now.

Here is a list of top team members in Ontario Brain Institute:

Name	Designation	Location	Board Memberships	Contact Details
Tom Mikkelsen	Partner	Toronto	-	-
Maryann Feldman	Partner	Phoenix	-	-
Vincent De Grandpre	Partner	Toronto	-	-
Michael Horgan	Partner	Ottawa	-	-
Diane McIntosh	Partner	Vancouver	-	-
Steve Orsini	Partner	Ottawa	-	-
Laurel Campbell	Partner	Canada	-	-
Bev Heim-Myers	Partner	Kitchener	-	-
Dan Sinai	Partner	Canada	-	-
Bobbi White	Partner	Toronto	-	1 Email
Stephanie Holbik	Principal	-	-	-

View team details of Ontario Brain Institute

Over the past 14 years, 62 investors have co-invested in Ontario Brain Institute's portfolio companies. This includes funds and angels.

Invested before Ontario Brain Institute: Europa, Startup Garage and 8 others have invested in rounds before Ontario Brain Institute. There is 1 company where Europa has invested before Ontario Brain Institute and 1 company where Startup Garage has invested before Ontario Brain Institute.
Top Co-investors of Ontario Brain Institute: 9 investors entered a company along with Ontario Brain Institute. These include investors like Ontario Centre of Innovation (2 companies).
Invested after Ontario Brain Institute: A total of 43 investors have invested in Ontario Brain Institute's portfolio after their investments. Top Investors include CABHI (4 companies) and Verge Fund (2 companies).