StarForge Fund
The StarForge fund is an actively managed portfolio that invests in innovative, early-stage B2B Canadian companies with disruptive technologies, significant scale-up potential, and valuation advantages over the U.S. market.
The fund aims to drive returns for investors through actively sourcing deals mostly within the Toronto-Waterloo start-up ecosystem and growing portfolio businesses by leveraging the power of alliance networks in North America.
Our investments focus on Technology, Sustainability, Health Sciences, and Smart Manufacturing.
StarForge applies an active and disciplined approach to drive returns for angel investment:
- Active and enhanced deal sourcing backed by the Canadian startup ecosystem
- Rigorous selection and due diligence process along with negotiation of fair and equitable investor rights
- Active portfolio monitoring and access to global channels to help portfolio companies achieve superior growth
- Disciplined rules for exit and liquidity decisions to balance early returns and minimize downside risk against maximizing long-term returns
Our Mission
To unlock capital and accelerate Canada’s transition into an innovation economy through:
- Making angel investment more accessible to investors
- Helping entrepreneurs innovate faster
- Scaling Canadian startups to the U.S. and global markets
- Supporting the angel ecosystem
Our Focus
Technology
Sustainability
Health Tech
Industry 4.0
Portfolio
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.
eleven-x is a Waterloo-based technology company enabling smart communities and organizations to leverage IoT.
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.
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.
MedStack is a Toronto-based digital security company that provides built-in, guaranteed, provable data privacy and security compliance for digital health businesses.
Mesosil is a Toronto-based company developing the first lifetime-effect antimicrobial materials for dental and medical devices.
SparcPay is a Mississauga-based Fintech firm delivering integrated AI-enabled payment solutions with a secure and digital solution that allows for review and approval of bills online, automatic reconciliation with accounting software and is compatible with all Canadian banking institutions.
The StarForge 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.
ELLEN FANG
General Partner
Jacky Chen
General Partner
DAVID RICH
General Partner