About ventureLAB
ventureLAB, an accelerator and incubator program founded in 2011, is based in Markham, Canada. With a presence in 3 countries, it has supported around 110 startups in sectors like Enterprise Applications, High Tech. As of Aug 2026, ventureLAB has witnessed 3 portfolio exits. Most notable companies in
its portfolio include AlayaCare, ACTO and Nulogy. The program is backed by a team of 100 people who primarily support Grant (prize money) startups based in Canada. Its latest investment was a Undisclosed Seed round in Mech Solutions on Dec 17, 2021 along with York Region.
Key Metrics
Founded Year
2011
Location
Markham, Canada
Sectors of Investment
Stages of Investment
Grant (prize money) & Seed
Locations of Investment
ventureLAB's List of Top Investments
ventureLAB has a portfolio of 110 companies. Their most notable investments include AlayaCare and ACTO.Their portfolio spans across Canada, United States and China. They have invested in Enterprise Applications, High Tech, Retail and 30 other sectors, across stages such as Grant (prize money), Seed stages. Here is the list of top investments by ventureLAB:1. AlayaCare
Alayacare offers a cloud-based software platform for home healthcare practitioners. The platform features clinical documentation, back-office functionality, patient and family portals, remote patient monitoring, telehealth, and mobile care worker apps. It also helps in analyzing wearable devices to fetch patient data for processing through machine learning technology by giving real-time insights for the care professionals.
Key facts about AlayaCare
- Founded Year: 2014
- Location: Toronto (Canada)
- Stage: Series D
- Total Funding till date: $274M
- Employee Count: 630 as on Jul 31, 2026
- Investors: Generation Investment Management, FedDev Ontario and 17 Others
- Latest Funding Round: Conventional Debt, Feb 20, 2026, $*****
- Highlight: Editors' Pick
2. ACTO
Provider of an AI and SaaS-based educational platform for the life science industry. The company has developed a digital platform with learning tools like SALESFitness which is a product that provides trading in clinical sales, MARKETINGFitness a centralized tool for life science marketing of new launches, MSLFitness provides engaging learning experiences and more. There are features for remote video coaching, user engagement tools, and AI-assisted tools for performance tracking.
Key facts about ACTO
- Founded Year: 2014
- Location: Toronto (Canada)
- Stage: Series B
- Total Funding till date: $39.5M
- Employee Count: 114 as on Jul 31, 2026
- Investors: Salesforce Ventures, Resolve Growth Partners and 10 Others
- Latest Funding Round: Series B, Sep 12, 2024, $*****
- Highlight: Editors' Pick
3. Nulogy
Developer of software for manufacturing, shop floor, supplier collaboration, and compliance. The software provides functionalities like production monitoring, quality management, and environmental health and safety. It offers features such as supplier portals, document management, and real-time data collection. The software aims to streamline processes, improve visibility, and ensure regulatory adherence across various industries.
Key facts about Nulogy
- Founded Year: 2002
- Location: Toronto (Canada)
- Stage: Series C
- Total Funding till date: $25.5M
- Employee Count: 109 as on Jul 31, 2026
- Investors: FedDev Ontario, Tola Capital and 11 Others
- Latest Funding Round: Series C, Jun 08, 2026, $*****
- Highlight: Editors' Pick
Developer of a process for extracting lithium. It provides a proprietary method to extract lithium sustainably by reducing GHG emissions and minimizing the use of chemicals and freshwater. Its technology consists of a plug-and-play automated process and rapid processing time.
Key facts about Summit Nanotech
5. Ledn
Ledn is a blockchain-based &crypto-backed lending platform. Offers loans secured by Bitcoin. Provides a segregated wallet address allowing for real-time proof of reserves on-chain. Allows users to repay the loan in Dollars and Bitcoin. Uses the Coindesk Bitcoin price index to determine loan-to-value ratios for Ledn loans.
Key facts about Ledn
- Founded Year: 2018
- Location: Toronto (Canada)
- Valuation: $*****
- Stage: Series B
- Total Funding till date: $104M
- Employee Count: 84 as on Jul 31, 2026
- Investors: Global Founders Capital, Kingsway Capital and 26 Others
- Latest Funding Round: Series B, Nov 18, 2025, $*****
- Highlight: Editors' Pick
ventureLAB's Year-on-Year Investment Trends
ventureLAB has invested in 110 companies over the last 5 years, with an average of 0 new investment annually in the last 5 years. Its most recent first time investment was in Mech Solutions.ventureLAB's Investments by Stage
ventureLAB has made 2 investments in Grant (prize money) stage with an average round size of $11.1K and 1 investment in Seed stage.Stage of entry | No. of Investments |
|---|---|
Grant (prize money) | 2 |
Seed | 1 |
Note: We have considered here, only first round of investments
ventureLAB's Investments by Sector
ventureLAB has a diverse portfolio, with companies operating in the Auto, Business Services, Enterprise Applications and Enterprise Infrastructure. Notably, it has invested in 76 Tech companies, 64 Enterprise (B2B) companies, 57 Software companies and at least 28 companies focusing on Saas.Sector | No. of Investments |
|---|---|
Auto | 1 |
Business Services | 1 |
Enterprise Applications | 1 |
Enterprise Infrastructure | 1 |
Note: We have considered here, only first round of investments
ventureLAB's Investments by Geography
ventureLAB has made most investments in Canada (2).ventureLAB's recent investments
ventureLAB has not made any investment in 2026 so far.Here are the most recent investments by ventureLAB:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Dec 17, 2021 | Canada | Seed | 3031 | ||
Jun 24, 2021 | - | Grant (prize money) | 6276 | - | |
2021 | Canada | Grant (prize money) | 7874 | - |
Acquired companies in ventureLAB's Portfolio
3 companies from ventureLAB's portfolio have been acquired. The most recent acquisition was Smart Commute in May 2021 by Lithium Urban Technologies for $*****.Here are ventureLAB's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
May 26, 2021 | - | - | 1156 | |
Oct 21, 2019 | - | - | 1423 | |
Sep 24, 2015 | - | - | 5690 |
Team profile of ventureLAB
ventureLAB has a team of 100 members including 14 Partners and 51 Venture Partners located in Canada, United States and 2 more locations. ventureLAB's team sits on the board of 1 company.Here is a list of top team members in ventureLAB:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Toronto | - | - | |
Partner | Toronto | - | - | |
Partner | Canada | - | - | |
Partner | Ottawa | - | - | |
Partner | Ottawa | - | - | |
Partner | Toronto | - | ||
Partner | Ottawa | - | ||
Partner | Toronto | - | - | |
Partner | Toronto | - | - | |
Partner | - | - | - | |
Partner | Ottawa | - | - |
Co-investors of ventureLAB
Over the past 5 years, one investor has co-invested in ventureLAB's portfolio companies. This includes funds and angels.
- Top Co-investors of ventureLAB: York Region entered a company along with ventureLAB.
Recent News related to ventureLAB
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York University and ventureLAB strengthen partnership with renewed Memorandum of UnderstandingFinancial Post•Mar 20, 2025•York University, ventureLAB
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Nima Khadem Mohtaram Appointed Head of MedTech Initiatives at ventureLABFinancial Post•Feb 03, 2025•ventureLAB
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