TandemLaunch, a Canadian venture creation studio and seed fund, has successfully closed its fourth fund, TandemLaunch Ventures IV (TLVIV), securing over $37 million CAD. The fund attracted investments from the Venture Capital Catalyst Initiative (VCCI), BDC Capital, Fonds de solidarité FTQ, and more than 30 family offices and angel investors from Canada and beyond. With this new capital, TandemLaunch aims to support 15 startups specializing in deep tech and sustainability-focused innovation.

Fueling Breakthrough Innovation

Led by Helge Seetzen and Émilie Boutros, TandemLaunch is recognized for transforming university-born technologies into high-growth ventures. TLVIV will continue to provide both capital and strategic expertise to cutting-edge startups in fields such as artificial intelligence, advanced computing, and materials science. The fund is set to drive innovation in real-time AI solutions like Recho.ai, which enhances speed, security, and energy efficiency in edge computing while reducing the environmental impact of data centers.

Commitment to Supporting Canada’s Innovation Ecosystem

The Honourable Rechie Valdez, Canada’s Minister of Small Business, emphasized the government’s commitment to broadening access to venture capital for the country’s most promising technology firms. She highlighted that TandemLaunch’s track record of transforming university research into commercially viable businesses aligns with Canada’s broader strategy of fostering a more inclusive and diverse entrepreneurial ecosystem. The fund’s success in launching over 30 companies with strong market potential further demonstrates its vital role in the country’s innovation landscape.

Diversity and Inclusion in Deep Tech

TandemLaunch has built a reputation for supporting diverse teams, fostering an inclusive and multicultural ecosystem of entrepreneurs and technologists. Managing Partner Émilie Boutros noted that the launch of TLVIV will reinforce this mission, with two portfolio companies, Agapyo and Waveshaper, already benefiting from the fund’s backing. These companies, led by women co-founders, are developing deep tech solutions aimed at transforming their respective industries.

A Unique Venture Model in Canada

TandemLaunch’s approach is distinctive within the Canadian venture ecosystem, focusing on identifying disruptive technologies with strong international commercialization potential. By integrating top-tier talent with essential seed capital, the studio accelerates the startup journey while mitigating risks associated with pioneering innovations. The firm’s model has enabled the successful launch of multiple ventures, positioning it as a key player in the country’s startup ecosystem.

A Decade of Impact and Future Prospects

Since its founding in 2010, TandemLaunch has established over 30 startups, collectively valued at more than $700 million and employing nearly 700 professionals in Quebec’s tech sector. With more than $90 million in assets under management, the firm continues to push the boundaries of AI, computer vision, IoT, advanced sensors, and sustainable materials. Notable portfolio companies include SPORTLOGiQ, WRNCH, Soundskrit, Mirametrix, and HaiLa, each making significant contributions to their respective fields.

With the final close of TLVIV at $37 million, TandemLaunch is poised to further its mission of transforming cutting-edge university research into high-impact ventures. By combining investment, expertise, and a commitment to diversity, the firm remains a driving force in Canada’s deep tech and sustainability innovation landscape. As AI and other frontier technologies continue to evolve, TandemLaunch’s latest fund signals strong momentum for the next generation of breakthrough startups.