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Velocity Fund II Secures $10M for Early-Stage Investments

5/15/2025

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Story summary
  • Velocity Fund II (VFII) has successfully closed with $10 million, targeting early-stage investments in software, deep tech, and health tech.
  • Managed by Akash Vaswani and Ross Robinson, VFII is dedicated to empowering ambitious founders.
  • Limited partners include Graphite Ventures and the University of Waterloo, highlighting a commitment to entrepreneurial talent.
  • VFII aims to raise a total of $25 million and has invested in five startups, including Voltra Energy and Handshake.
  • The fund utilizes Waterloo's robust startup ecosystem to identify emerging trends and promising founders.