Predict your next investment

Venture Capital
marsiaf.com

See what CB Insights has to offer

Investments

115

Portfolio Exits

20

Funds

3

About MaRS Investment Accelerator Fund

The Investment Accelerator Fund (IAF) helps build and strengthen Ontario-based businesses in the cleantech, ICT, and life sciences & healthcare sectors. Funded by the Province of Ontario, the IAF program is managed by MaRS and delivered through the Ontario Network of Entrepreneurs.

MaRS Investment Accelerator Fund Headquarter Location

101 College Street Suite 125

Toronto, Ontario, M5G 1L7,

Canada

647-255-1080

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

Expert Collections containing MaRS Investment Accelerator Fund

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Find MaRS Investment Accelerator Fund in 1 Expert Collection, including Pharma Startups.

P

Pharma Startups

5,090 items

Pharmaceutical companies working across drug discovery, drug development and drug manufacturing.

Latest MaRS Investment Accelerator Fund News

LearnExperts raises $1.25 million in seed funding to accelerate digital training solutions

Sep 17, 2021

An Ottawa-based startup has secured more than one million dollars in seed funding to enhance its course development platform. LearnExperts , founded in 2019 by Sarah Sedgman, raised $1.25 million from Sand Hill North, MaRS Investment Accelerator Fund, the Capital Angel Network, Maple Leaf Angels of Toronto, and the Georgian Angel Network. With 20 years of experience working at tech companies such as Cognis, IBM, and Kinaxis, Sedgman wanted to disrupt the learning technology industry. She created a digital course creation platform powered by AI that automatically transforms existing content into an educational course. “We combine AI and human logic to create courses fast, with a built-in advisor, so your courses look like an expert built them.”     Named the LearnExperts Artificial Intelligence ( LEAi ), users can start with digital materials (text, videos, photos) that already exist and convert them into an online training program with one click. “We want to deliver exceptional value through course creation that feels like magic,” said David Dewar, vice president of technology and user experience at LearnExperts. “We combine AI and human logic to create courses fast, with a built-in advisor, so your courses look like an expert built them.” With funding raised, the startup wants to accelerate its lead within the digital training solutions market. The global e-learning market is experiencing rapid growth as it’s forecasted to skyrocket from $144 billion USD in 2019 to $374.3 billion by 2026. As the COVID-19 pandemic enforced shutdowns and self-isolation, online learning became the standard for most students to safely continue their education at home. However, evidence has also shown that massive open online classes—or MOOCs—have seen a surge in enrollments during the pandemic. MOOCs are free e-learning platforms that are accessible to anyone around the world. People can start and complete any program of their choice at their own pace. These courses are not required and its students are mostly people looking to learn a new skill or hobby. Coursera , a company that offers MOOCs, saw 10.3 million enrollments in 30 days, 644 percent up compared to last year. The platform also received over five million new registrations during the pandemic and provided free access to their university partners for 3800 courses and 500 specializations, giving free certificates for some courses. As its own industry, the MOOC market is currently worth $5.6 billion USD and is projected to grow at an annual rate of 32.09 percent until 2025. In a 2021 study by Chris Impey and Martin Formanek, they found the biggest enrollment growth was seen in courses for technical skills like neural networks, courses for soft skills such as communication, and courses for hobbies and recreation.

MaRS Investment Accelerator Fund Investments

115 Investments

MaRS Investment Accelerator Fund has made 115 investments. Their latest investment was in LearnExperts as part of their Seed VC on September 9, 2021.

CBI Logo

MaRS Investment Accelerator Fund Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

9/14/2021

Seed VC

LearnExperts

$0.99M

Yes

Capital Angel Network, Georgian Angel Network, Maple Leaf Angels, Sand Hill North, and Undisclosed Angel Investors

3

4/28/2021

Seed VC

Heirlume

$1.38M

Yes

Angels of Many, Backbone Angels, Bertrand Cesvet, Daniel Debow, Daniel Eberhard, Fastbreak Ventures, Future Capital, Innovation Grade Ventures, Jaclyn Johnson, Mistral Venture Partners, and W Fund

4

4/27/2021

Seed VC

Lumeto

$2.4M

Yes

Globalive, Golden Ventures, Radical Ventures, and TELUS Ventures

1

4/2/2021

Seed VC

Subscribe to see more

$99M

Subscribe to see more

10

2/22/2021

Series A

Subscribe to see more

$99M

Subscribe to see more

10

Date

9/14/2021

4/28/2021

4/27/2021

4/2/2021

2/22/2021

Round

Seed VC

Seed VC

Seed VC

Seed VC

Series A

Company

LearnExperts

Heirlume

Lumeto

Subscribe to see more

Subscribe to see more

Amount

$0.99M

$1.38M

$2.4M

$99M

$99M

New?

Yes

Yes

Yes

Subscribe to see more

Subscribe to see more

Co-Investors

Capital Angel Network, Georgian Angel Network, Maple Leaf Angels, Sand Hill North, and Undisclosed Angel Investors

Angels of Many, Backbone Angels, Bertrand Cesvet, Daniel Debow, Daniel Eberhard, Fastbreak Ventures, Future Capital, Innovation Grade Ventures, Jaclyn Johnson, Mistral Venture Partners, and W Fund

Globalive, Golden Ventures, Radical Ventures, and TELUS Ventures

Sources

3

4

1

10

10

MaRS Investment Accelerator Fund Portfolio Exits

20 Portfolio Exits

MaRS Investment Accelerator Fund has 20 portfolio exits. Their latest portfolio exit was Ideal on April 29, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

4/29/2021

Acquired

9

4/20/2021

Acq - Fin

$991

2

3/3/2021

Acquired

$991

6

00/00/0000

Subscribe to see more

Subscribe to see more

Subscribe to see more

10

00/00/0000

Subscribe to see more

Subscribe to see more

Subscribe to see more

10

Date

4/29/2021

4/20/2021

3/3/2021

00/00/0000

00/00/0000

Exit

Acquired

Acq - Fin

Acquired

Subscribe to see more

Subscribe to see more

Companies

Subscribe to see more

Subscribe to see more

Valuation

$991

$991

Acquirer

Subscribe to see more

Subscribe to see more

Sources

9

2

6

10

10

MaRS Investment Accelerator Fund Fund History

3 Fund Histories

MaRS Investment Accelerator Fund has 3 funds, including StandUp Ventures Fund I.

Closing Date

Fund

Fund Type

Status

Amount

Sources

5/8/2017

StandUp Ventures Fund I

$5M

1

3/17/2016

MaRS Catalyst Fund

Subscribe to see more

$99M

10

10/1/2013

MaRS Youth Investment Accelerator Fund

Subscribe to see more

$99M

10

Closing Date

5/8/2017

3/17/2016

10/1/2013

Fund

StandUp Ventures Fund I

MaRS Catalyst Fund

MaRS Youth Investment Accelerator Fund

Fund Type

Subscribe to see more

Subscribe to see more

Status

Amount

$5M

$99M

$99M

Sources

1

10

10

MaRS Investment Accelerator Fund Team

1 Team Member

MaRS Investment Accelerator Fund has 1 team member, including current Managing Director, Barry Gekiere.

Name

Work History

Title

Status

Barry Gekiere

Ventures West

Managing Director

Current

Name

Barry Gekiere

Work History

Ventures West

Title

Managing Director

Status

Current

CB Insights uses Cookies

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.