MaRS IAF is an early-stage venture capital firm that focuses on providing seed and pre-seed funding to high-potential technology startups in Ontario. Their strategy involves investing in sectors such as cleantech, healthtech, deeptech, and enterprise software, while also offering strategic support, mentorship, and access to their extensive network.
Their most common stage is seed (60% of deals). Average disclosed round size is $4.6M (across 5 rounds with reported amounts).
Portfolio
5
Fund Size
$90M
Top Stage
Seed
Last 12 Mo
1
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
5 investments
| Company | Round | Amount | Date |
|---|---|---|---|
| EEnurgen | Seed | $4.1M | Oct 2025 |
| CCyder | Pre-Seed | $1.1M | Dec 2024 |
| GGrowerIQ | Seed | $2.3M | Sep 2022 |
 ODAIA | Series A | $13.8M | Feb 2022 |
| HHeirlume | Seed | $1.7M | Apr 2021 |
Top Co-Investors
BDC Capital2 shared
Backbone Angels1 shared
Future Fund1 shared
Brightspark Ventures1 shared
Diagram1 shared
InnoSpark Ventures1 shared
Alumni Ventures Group1 shared
GTM Fund1 shared
Gaingels1 shared
Desjardins Capital1 shared
Aperture Venture Partners1 shared
Last updated: 16 April 2026