Akash Vaswani
Akash Vaswani
General Partner

Akash founded two companies at Velocity Incubator while completing his Mechatronics degree at UW — Crouton Labs, which failed, and Sensassure, which got acquired. Both gave him an unusually granular view of what pre-seed founders actually need.

He went on to lead AI teams at Palantir, where his work helped uncover an illegal drug ring and optimised operations of a 50-year-old oil field.

In 2020, Akash founded Alicorn Ventures, a pre-seed fund focused on technical founders. In 2022, Alicorn merged with Velocity Fund, where he has been a General Partner since.

UW Mechatronics Columbia Comp Sci (M.S.) Palantir 2× Founder Alicorn Ventures
Ross Robinson
Ross Robinson
General Partner

Ross founded Tinker (YC S14) at Velocity — a crypto market maker that, at peak, handled 90% of all Canadian Bitcoin trading volume. The experience of raising from Y Combinator as a Waterloo founder shaped his view of what early-stage support should look like.

He later became an application reviewer for Y Combinator, screening over 12,000 companies. That volume of pattern recognition — across geographies, sectors, and founder profiles — informs how he evaluates deals today.

Ross served as Interim Director of Velocity Incubator before joining as General Partner, giving him a direct line into every company that comes through the building.

UW Comp Sci YC S14 YCombinator (App Reviewer) Velocity Director
Why Waterloo

We didn't choose
Waterloo.
Waterloo chose us.

Both of us built our first companies here, and got our first cheques from Velocity. We know what it feels like to be nervous before your first pitch, to run payroll from a student apartment, to wonder if the idea is crazy or just early.

The UW ecosystem produces a disproportionate share of Canadian tech. We're embedded in it — not because it's a good sourcing strategy, but because it's where we're from. That's why we are the first VC fund that UWaterloo's Endowment invested in.

Our offices are at the entrance to Velocity Incubator. We see every company before there's a deck, a round, or a name on the door.

That proximity isn't replicable.

1 in 4
Canadian unicorn founders
from Waterloo
18%
of all Canadian founders
are UW graduates
2019
First investment — five
vintages of portfolio companies
74+
Portfolio companies
backed to date
2 weeks
First meeting to term sheet —
guaranteed, every time

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