AXION FUND
The AXION FUND is a vehicle to assist in two primary areas:
First, its Canadian IP focus is to assist in the commercialization and growth of ideas and research-based companies, generated within universities and other innovation centres across Canada. The funding helps inventors with scalable intellectual property protect their work and navigate through the investment and funding landscape.
Second, its Northern Ontario focus, with a primary directive to attract, mentor, coach, fund and commercialize early-stage start-ups and later scale-ups that have a plan to be partly or entirely settled, or have a desire to locate in some form to Northern Ontario.

Our Mission
To unlock capital and accelerate the transition of Canada into an innovation economy through three strategic focuses:
- Make angel investment accessible to investors who otherwise are not able to participate.
- Promote the creation and commercialization of intellectual properties and hyper growth outcomes.
- Remove barriers for Canadian inventors to connect to smart and value add investors and industry partners.
Axion’s average cheque size varies from $100-300K to provide investors with the diversity of 30-50 deals over 5 years.
Our Focus
Axion focuses on seed-stage start-ups with strong, research and data-driven IP in:
AI/ML
Health Tech
IoT
AI Security
Industry 4.0
Clean Tech
Home Automation
Portfolio
1Mentor partners with colleges and universities to prepare students for the future of work by equipping decision-makers with quality tools and labour market insight to catalyze students’ professional development.
DARWIN AI is a Waterloo-based artificial intelligence company that has developed Explainable AI (XAI), a technology that uniquely analyzes data and models to optimize automation and human- in-the-loop decision making in real-world enterprises.
EAIGLE is a deep-tech AI company that has developed multiple automated solutions for crowd and visitor monitoring, and capacity management in high-foot traffic workplaces and public facilities.
Forcen, a Toronto-based company, has developed a digital “sense of touch” for the most demanding surgical robotic, industrial robotic/automation, and defense/aerospace sectors.
Foresight Analytics provides video-based insurance analytics tools targeting commercial auto insurers and their need to price risk better and reduce claims.
IRegained Inc. is a Sudbury based MedTech company that has developed a scientifically proven, smart, in-home digital rehabilitation system to rewire the brain through the power of neuroplasticity, empowering stroke and traumatic brain injury survivors to reclaim unassisted use of their hands- it’s The MyHand™ System.
LabsCubed is a Waterloo-based smart manufacturing company that has developed automated lab equipment and smart software to perform material tensile and tear testing at the push of a button.
Mazlite offers an industrial IoT platform for spray monitoring and digitization in hazardous environments. The platform includes an IoT sensor for imaging, web-based software, real-time analytics/AI, and cloud-based data management.
Mesosil is a Toronto-based company developing the first lifetime-effect antimicrobial materials for dental and medical devices.
Radialis Medical specializes in advancing precision medicine by providing the next generation of organ-targeted precision imaging.
Rocket Doctor is a comprehensive digital health platform and marketplace coordinating an entirely virtual healthcare system.
Symboticware innovates in the industrial Internet of Things (IIoT), delivering real-time, actionable, data-driven insights and smart analytics to streamline remote management of fixed and mobile assets in the natural resources sector.
The Axion Team
The Axion Fund was built by a team of seasoned entrepreneurs and investment professionals. Our team has worked in diverse industries and markets. We value our relationships and have created a hands-on model where person-to-person interaction is supported and central to what we do. We move fast because markets move fast, good deals move fast, and if you’re building a high-growth start up, you shouldn’t spend more time than necessary on fundraising.
Aaron Rezaei
General Partner
Ehsan Mirdamadi
General Partner
Peyvand Melati
General Partner
Chad Pallopson
General Partner
Justin Kim
Venture Partner
Mellie Chow
Venture Partner
Moien Giashi
Venture Partner
Peter Dal Bianco
Venture Partner