At the beginning of 2019, Velocity announced plans to provide direct funding support to its startups, launching an AngelList-powered fund to let investors make equity investments.

However, the dollar amount puts it among a growing number of Canadian startups raising massive funding rounds.

With the Series D, Faire’s total funding to date is $351,907,800 CAD, making it the most-funded startup of all Velocity’s alum.

Embark Technologies is also one of the top Velocity startups based on total investment amount, with a recent $70 million USD Series C bringing its total funding to $153,002,068.

“We have sown all those seeds, founder[s] and startup companies have been sowing those seed to scale for a while,” he said. | To read full story, visit https://startuparound.com/read/1574796606.4877794/Velocity-startups-surpass-$1-billion-in-total-funding?ref=audio_experience