Accelerate Fund

Overview

Accelerate Fund is a venture capital fund dedicated to supporting the growth of early-stage technology companies in Alberta, Canada. The fund focuses on sectors such as life sciences, digital transformation, and artificial intelligence, aiming to foster innovation and economic diversification within the province. By providing essential capital, Accelerate Fund helps startups scale their operations and attract additional investment. The fund operates by co-investing alongside angel investors and other venture capital funds, typically contributing $250,000 to the initial financing round of a new company. This collaborative approach often results in a multiplier effect, with total investments reaching two to three times the amount of Accelerate Fund's contribution. The fund's management team, Yaletown Partners, offers hands-on guidance and mentorship to portfolio companies, assisting them in navigating the challenges of scaling and achieving long-term success. Since its inception, Accelerate Fund has been instrumental in the growth of numerous Alberta-based tech companies, including SamDesk, StellarAlgo, DrugBank, PayShepherd, Userful, Virtual Gurus, and Helcim. These investments have enabled startups to expand their revenue streams, grow their teams, and progress to subsequent funding rounds, thereby contributing to the overall development of Alberta's technology sector and its economic resilience.

Investment Focus

• Incorporated private technology company
• Headquartered in Alberta with more than 50% of employees in Alberta
• Proprietary technology developed and in market with customer traction and some revenue or strong preclinical trial data

Portfolio Companies