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marsiaf.com

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Investments

128

Portfolio Exits

23

Funds

4

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.

Headquarters Location

101 College Street Suite 125

Toronto, Ontario, M5G 1L7,

Canada

647-255-1080

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Latest MaRS Investment Accelerator Fund News

MaRS IAF rebrands and launches $100M Graphite IAF IV

Feb 9, 2022

MaRS IAF rebrands and launches $100M Graphite IAF IV MaRS Investment Accelerator Fund (MaRS IAF) with the support of Ontario Government has launched $100 million Graphite IAF IV with $77 million initial close. Ontario of Government is investing $25 million of its returns on past MaRS IAF investments into the new fund. OMERS is a lead investor of the fund. The fund will be led by Lance Laking, General Partner of Graphite Ventures Inc. and former Managing Director, MaRS IAF. Founded in 2008 as MaRS IAF, Graphite Ventures is an early stage “seeding for scale” venture capital firm. photo credit: Graphite Ventures Inc. News Release MaRS IAF and Ontario partner with private sector investors to launch new $100-million early stage investment fund Leveraging tech ecosystem investment returns will expand access to seed and pre-seed capital for early-stage startups TORONTO, Jan. 26, 2022 /CNW/ – MaRS Investment Accelerator Fund (MaRS IAF) and the Ontario government announced today plans to unlock new value from a provincial seed fund that has made over 175 investments in startups over the past 14 years. Alongside other institutional and entrepreneurial investors, the province will invest $25 million of its returns on past MaRS IAF investments back into Ontario’s VC ecosystem to help launch Graphite IAF IV (“Graphite”) The team has completed a first close of $77 million of the new private sector $100 million venture capital fund. Leveraging this success with private capital from leading investors will extend the benefits of the province’s investment to more Ontarians and help local companies scale and compete globally. Graphite will further support capital investments in Ontario tech startups and a key feature is that fund managers will be able to offer larger seed investments to early-stage and scaling companies with the most promise. Together with this new Graphite stream, the IAF will continue to operate and support pre-seed and seed stage companies, helping to maintain a thriving pipeline of high-potential technology startups in Ontario. Over the years, the IAF has managed the province’s seed-stage investments in Ontario’s early-stage companies with tremendous value and returns. It has helped grow standout Ontario companies like Mindbridge, ACTO, and Nicoya, creating more than 5,700 jobs and over $1.7 billion in follow-on investment. MaRS IAF is part of the province’s plan to promote and develop the venture capital sector in Ontario so that high potential companies have access to the capital they need to grow, get to market and create long term, sustainable jobs. “Ontario’s innovation ecosystem has never been more vibrant – we have the brightest minds, world-class postsecondary institutions, and a high-potential startup community that needs access to capital in order to grow,” said Vic Fedeli, Ontario Minister of Economic Development, Job Creation and Trade. “This new fund will inject at least $100 million into our early stage venture capital ecosystem and help to support domestic talent and businesses as they continue to contribute to Ontario’s economic recovery.” “Seed stage financing for startups continues to be a critical need in Ontario,” said Lance Laking, General Partner of Graphite Ventures Inc. and former Managing Director, IAF. “We’re excited to leverage our proven track record into a new fund that supports the strategic interests of the province and the innovation ecosystem.” “The innovation economy in the province has grown dramatically in the past decade,” said Yung Wu, CEO of MaRS Discovery District. “This new fund enables the province to reinvest gains from this sector back into Canadian companies with the goal of supporting the transformation of emerging companies into global category leaders that provide sustainable economic benefits to Ontario. A report issued by the IEC in November confirmed that ventures with Canadian VC funding are more likely to stay anchored in the country. Commercialization of our startups requires strong Canadian financing.” “Canada’s tech ecosystem is booming now, but in order for us to continue to produce scaling companies that will grow our economy, we need to sustain the pipeline of seed-stage startups,” said Blake Hutcheson, President and CEO of OMERS. “We are thrilled to be a lead investor supporting an experienced team of VCs who will continue to drive the innovation cycle in Canada.” About MaRS MaRS is North America’s largest urban innovation hub. A registered non-profit, MaRS supports high-growth startups and scale-ups tackling key issues in health, cleantech, fintech and other sectors. In addition, MaRS convenes all members of the tech ecosystem to drive breakthrough discoveries, grow the economy and make an impact by solving real problems for real people — in Canada and around the world. About Graphite Ventures Graphite Ventures is an early stage “seeding for scale” venture capital firm based in Ontario. Founded in 2008, as MaRS IAF, we are one of Canada’s most active and consistent VC firms, investing in more than 170 companies over the past decade. We invest in early stage B2B SaaS, Fintech, Proptech, Digital Health and capital efficient hardware businesses. For more information, please visit graphitevc.com, email at hello@graphitevc.com or follow @graphitevc on Twitter and LinkedIn. SOURCE MaRs Discovery District For further information: Media Contacts: MaRS Discovery District, Andrew Yates, Media Relations Director, ayates@marsdd.com, 647-302-1257; Rebecca Bozzato, Minister Fedeli’s Office, rebecca.bozzato@ontario.ca; Kwok Wong, Ministry of Economic Development, Job Creation and Trade, Communications Branch, kwok.wong@ontario.ca, 647-504-2774 Related Stories

MaRS Investment Accelerator Fund Investments

128 Investments

MaRS Investment Accelerator Fund has made 128 investments. Their latest investment was in Cinchy as part of their Series B on October 10, 2022.

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MaRS Investment Accelerator Fund Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

10/27/2022

Series B

Cinchy

$14.5M

No

4

9/13/2022

Seed VC

GrowerIQ

$2.3M

Yes

2

7/13/2022

Seed VC - II

Welbi

$2.31M

No

1

7/7/2022

Series B

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$99M

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10

5/26/2022

Seed VC

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$99M

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10

Date

10/27/2022

9/13/2022

7/13/2022

7/7/2022

5/26/2022

Round

Series B

Seed VC

Seed VC - II

Series B

Seed VC

Company

Cinchy

GrowerIQ

Welbi

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Amount

$14.5M

$2.3M

$2.31M

$99M

$99M

New?

No

Yes

No

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Co-Investors

Sources

4

2

1

10

10

MaRS Investment Accelerator Fund Portfolio Exits

23 Portfolio Exits

MaRS Investment Accelerator Fund has 23 portfolio exits. Their latest portfolio exit was Chalk on May 06, 2022.

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

5/6/2022

Acquired

$99M

1

11/1/2021

Acquired

$99M

5

10/26/2021

Acquired

$99M

3

4/29/2021

Acquired

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$99M

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10

4/20/2021

Acq - Fin

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$99M

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10

Date

5/6/2022

11/1/2021

10/26/2021

4/29/2021

4/20/2021

Exit

Acquired

Acquired

Acquired

Acquired

Acq - Fin

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

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Sources

1

5

3

10

10

MaRS Investment Accelerator Fund Fund History

4 Fund Histories

MaRS Investment Accelerator Fund has 4 funds, including MaRS Investment Accelerator Fund.

Closing Date

Fund

Fund Type

Status

Amount

Sources

1/26/2022

MaRS Investment Accelerator Fund

$60.72M

2

5/8/2017

StandUp Ventures Fund I

$99M

10

3/17/2016

MaRS Catalyst Fund

$99M

10

10/1/2013

MaRS Youth Investment Accelerator Fund

10

Closing Date

1/26/2022

5/8/2017

3/17/2016

10/1/2013

Fund

MaRS Investment Accelerator Fund

StandUp Ventures Fund I

MaRS Catalyst Fund

MaRS Youth Investment Accelerator Fund

Fund Type

Status

Amount

$60.72M

$99M

$99M

Sources

2

10

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

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