About Accelerate Fund
Accelerate Fund is a venture capital firm founded in 2012. It is primarily based out of Edmonton, Canada. As of Aug 2026, Accelerate Fund is an active investor, having invested in 42 companies, with 1 new investment in the last 12 months. It primarily invests in Seed round in Canada based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to Food and Agriculture Tech and Life Sciences. Most recently it participated in the $***** Series C round of Helcim Overall, Accelerate Fund portfolio has seen 5 acquisitions including key companies like LoginRadius, Ontopical and Decisive Farming. A lot of funds co-invest with Accelerate Fund, with names like Startup TNT sharing a substantial percentage of its portfolio.Key Metrics
Accelerate Fund's List of Top Investments
Accelerate Fund has a portfolio of 42 companies. Their most notable investments are in Zephyr Sleep and Chroma.Their portfolio spans across Canada, China and United States. They have invested in Enterprise Applications, Food and Agriculture Tech, Life Sciences and 15 other sectors, across stages such as Seed, Series A and 2 more. Here is the list of top investments by Accelerate Fund:1. Helcim
Provider of end-to-end payment solutions for businesses. The platform covers both online and retail credit card processing solutions, payment acceptance solutions, payment gateway, POS software, mPOS suite, card vault and tokenization, invoicing, virtual terminal, and more.
Key facts about Helcim
- Founded Year: 2006
- Location: Calgary (Canada)
- Stage: Series C
- Total Funding till date: $70.7M
- Employee Count: 182 as on Sep 30, 2026
- Investors: Information Venture Partners, Generation Partners and 13 Others
- Latest Funding Round: Series C, Aug 21, 2026, $*****
- Highlight: Editors' Pick
Provider of software for the evaluation of cardiac MR and CT images. The company offers cmr42, an application for managing and evaluating cardiovascular magnetic resonance images. It is designed for clinical settings, as well as for experimental and clinical research.
Key facts about Circle Cardiovascular Imaging
- Founded Year: 2008
- Location: Calgary (Canada)
- Stage: Series B
- Total Funding till date: $19.9M
- Employee Count: 155 as on Sep 30, 2026
- Investors: Thoma Bravo, Amplitude and 8 Others
- Latest Funding Round: Series B, Mar 16, 2022, $*****
- Highlight: Editors' Pick
3. Userful
Platform offering digital signage content creation software. It offers a solution for content creation with tools from google slides, CMS, and more. It allows users to stream video content on any digital signage display. It displays the targeted content to a large set of displays and also provides controlling access to the authorized people to display the content.
Key facts about Userful
Developer of a blood test device to detect breast cancer. The company offers the Syantra DX device for blood-based cancer detection test that utilizes a combination of biomarkers and artificial intelligence-generated algorithms for molecular diagnostics. It captures and decodes changes in how the body is functioning. It enables earlier detection and effective treatment of cancer.
Key facts about Syantra Health
- Founded Year: 2016
- Location: Calgary (Canada)
- Stage: Series A
- Total Funding till date: $10.4M
- Employee Count: 16 as on Aug 31, 2026
- Investors: Plug and Play Tech Center, Canaccord Genuity Group and 5 Others
- Latest Funding Round: Grant (prize money), Mar 04, 2026, $*****
- Highlight: Editors' Pick
5. LoginRadius
Provider of identity and access management platform for application security. The platform offers authentication, authorisation, account security, and user management capabilities. It allows developers to implement login methods, including passwords, OTPs, social login, federated SSO, and passkeys. The platform provides security features like bot detection, IP throttling, and adaptive MFA. It also supports customisable sign-up and login experiences.
Key facts about LoginRadius
- Founded Year: 2011
- Location: Edmonton (Canada)
- Stage: Acquired
- Total Funding till date: $19.6M
- Employee Count: 126 as on Sep 30, 2026
- Investors: ForgePoint Capital, Real Ventures and 7 Others
- Latest Funding Round: Series A, Jul 25, 2018, $*****
- Highlight: Acquired
Accelerate Fund's Year-on-Year Investment Trends
Accelerate Fund has invested in 42 companies over the last 13 years, with an average of 3 new investments annually in the last 10 years. In 2025, it made 1 investment, while as of Aug 2026, it has made 2 investments in this year. Its most recent first time investment was in Fairly and most recent follow-on round was in Helcim.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 1 | 1 | 2 |
2025 | 1 | 0 | 1 |
2024 | 1 | 1 | 2 |
2023 | 4 | 0 | 4 |
2022 | 7 | 2 | 9 |
2021 | 2 | 2 | 4 |
2020 | 2 | 2 | 4 |
2019 | 1 | 0 | 1 |
2018 | 3 | 0 | 3 |
2017 | 3 | 1 | 4 |
Accelerate Fund's Investments by Stage
Accelerate Fund has made 25 investments in Seed stage with an average round size of $1.67M, 6 investments in Series A stage with an average round size of $9.09M, 1 investment in Series B stage and 1 investment in Unattributed stage.Stage of entry | No. of Investments |
|---|---|
Seed | 25 |
Series A | 6 |
Series B | 1 |
Unattributed | 1 |
Note: We have considered here, only first round of investments
Accelerate Fund's Investments by Sector
Accelerate Fund has a diverse portfolio, with companies operating in the Enterprise Applications, High Tech, Life Sciences, Vertical SaaS and Business Services. Notably, it has invested in 37 Tech companies, 33 Enterprise (B2B) companies, 29 Software companies and at least 18 companies focusing on Saas.Sector | No. of Investments |
|---|---|
Enterprise Applications | 19 |
High Tech | 5 |
Life Sciences | 5 |
Vertical SaaS | 5 |
Business Services | 4 |
Others | 35 |
Note: We have considered here, only first round of investments
Accelerate Fund's Investments by Geography
Accelerate Fund has made most investments in Canada (32), followed by United States where it has made 2 investments.Country | No. of Investments |
|---|---|
Canada | 32 |
United States | 2 |
China | 1 |
Note: We have considered here, only first round of investments
Accelerate Fund's recent investments
Accelerate Fund has made 2 investments in 2026 so far - Helcim and Fairly.Here are the most recent investments by Accelerate Fund:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Aug 21, 2026 | Canada | Series C | 8456 | [+7] | |
Apr 16, 2026 | Canada | Seed | 6379 | - | |
Apr 03, 2025 | Canada | Seed | 9010 | [+4] | |
Oct 18, 2024 | Canada | Seed | 9089 | [+3] | |
Mar 06, 2024 | Canada | Seed | 1887 | [+2] |
Acquired companies in Accelerate Fund's Portfolio
5 companies from Accelerate Fund's portfolio have been acquired. The most recent acquisition was LoginRadius in Aug 2026 by Volaris Group for $*****.Here are Accelerate Fund's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Aug 20, 2026 | Feb 12, 2014 | Seed | 4005 | |
Aug 18, 2025 | Sep 14, 2023 | Seed | 7495 | |
Jul 20, 2021 | May 10, 2017 | Seed | 9079 | |
Dec 19, 2019 | - | - | 8793 | |
Dec 12, 2013 | Aug 26, 2013 | Seed | 1233 |
Co-investors of Accelerate Fund
Over the past 13 years, 118 investors have co-invested in Accelerate Fund's portfolio companies. This includes funds and angels.
- Invested before Accelerate Fund: The51, BDC and 30 others have invested in rounds before Accelerate Fund. There are 2 companies where The51 has invested before Accelerate Fund and 1 company where BDC has invested before Accelerate Fund.
- Top Co-investors of Accelerate Fund: 37 investors entered a company along with Accelerate Fund. These include investors like Startup TNT (3 companies).
- Invested after Accelerate Fund: A total of 49 investors have invested in Accelerate Fund's portfolio after their investments. Top Investors include BDC (2 companies), Yaletown (2 companies) and Headline (1 company).
Recent News related to Accelerate Fund
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Quadric Snares $30M Series CMassinvestor•Jan 15, 2026•Silicon Catalyst, Gentree, Volta, Quadric IO and 6 others
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PulseMedica Raises $12 Million CAD to Advance Eye Floater Imaging and Treatment TechnologyFinancial Post•Jul 16, 2024•Startup TNT, UCeed, PulseMedica, Saltagen Ventures and 4 others
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PayShepherd Secures $7M to Solve Heavy Industry’s Biggest Challenge with Contractor ManagementBusiness Wire•Mar 06, 2024•PayShepherd, Inovia Capital, Nashville Capital Network, Thin Air Labs and 2 others
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Ambyint Closes Funding RoundFinSMEs•Nov 17, 2023•Ambyint, BDC, Accelerate Fund, Mercury Fund and 1 other
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Canada Tech Startup Ecosystem Continues to Attract Substantial Funding, Despite Recent DeclineCrowdfund Insider•Oct 10, 2023•BDC, Export Development Canada, Invest Quebec, Accelerate Fund
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Ontopical Raises $3.3M in Seed ExtensionFinSMEs•Sep 14, 2023•Ontopical, Rhino Ventures, Graphite Ventures, Accelerate Fund
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Digital concierge WaitWell raises C$1.5m in seed financingVCJ•Jul 13, 2023•WaitWell, Graphite Ventures, Accelerate Fund, Metiquity Ventures
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Areto Labs secures $1 million to address online abuse with machine LEARNINGBetaKit•Jun 20, 2022•Calgary University, ScaleGood, Areto Labs, The51 and 1 other
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PayShepherd Secures $3M to Tackle Contractor Billing Errors for Manufacturing Facilities and Help Hedge Against InflationGlobeNewswire•Jun 07, 2022•PayShepherd, Nashville Capital Network, Thin Air Labs, Accelerate Fund and 3 others
