Both UW alumni. Both built companies at Velocity. We've been on the other side of the table — which is why we run the fund we wished existed when we were starting out.
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.
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.
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.