The University of Waterloo’s Velocity startup incubator today revealed that companies in the program have raised more than $100 million in funding.
That number comes five years after the program was launched and includes includes funding from venture capitalists, angel investors, government programs, grants from the Velocity Fund, and crowdfunding platforms.
Graduates with notable raises included Kik, Pebble, and Thalmic Labs. Kik’s last raise was a $19.5 million Series B round, while Pebble shattered crowdfunding records when it raised $10 million on Kickstarter. Meanwhile, Thalmic Labs had an incredible 2013, raising one of the most significant venture capital rounds of any Canadian startup that year and also winning 2013 Startup of the Year in the annual Canadian Startup Awards.