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 to 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 desire to locate in some form in Northern Ontario.

Our Mission

To unlock capital and accelerate the transition of Canada into an innovation economy through three strategic focuses:

  1. Make angel investment accessible to investors who otherwise are not able to participate.
  2. Promote the creation and commercialization of intellectual properties and hyper growth outcomes.
  3. Remove barriers for Canadian inventors to connect to smart and value add investors and industry partners.

Where We Focus

Axion focuses on seed-stage start-ups with strong, research and data-driven IP in:

AI/ML

AI Security

IoT

Clean Tech

Smart Manufacturing

MedTech

Home Automation

The average cheque size varies from $100-300K across 30-50 deals over 5 years.

The Axion Team

Peyvand Melati - ArcAngel General Partner
Peyvand Melati
General Partner
Ehsan Mirdamadi - ArcAngel General Advisor

Ehsan Mirdamadi

General Partner
Peter Dal Bianco - ArcAngel General Advisor

Peter Dal Bianco

General Partner
Chad Pallopson - ArcAngel General Partner
Chad Pallopson
General Partner
Ehsan

EHSAN MIRDAMADI, GP

Ehsan obtained his BSc in Computer Science from York University and has been an active entrepreneur since 1999. Throughout his 20+ of experience, he has founded, led and exited multiple successful ventures in cloud computing, cloud software and biotech in Canada and the United States. He is also an active angel investor and advisor for technology and venture development to dozens of ventures.

Payvand

PEYVAND MELATI, GP

Peyvand is a highly accomplished entrepreneur and angel investor who has successfully launched multiple businesses. He is an expert in the commercialization and growth of companies in major industries, with a focus on AI, IOT, CleanTech and Med Tech. He is a seasoned veteran in the startup process from initial inception to launch. Peyvand has a particular knack for setting priorities, developing strategies and building teams to scale ventures.

Aaron3

AARON REZAEI, GP

As an Angel Investor, Aaron is focusing mostly on pre-seed and seed-stage start-ups in Tech, Fintech, BigData, Electronics Design, Manufacturing and Commercialization. As a serial entrepreneur, investor and advisor, Aaron has co-founded several companies in Electronics Design and Electronics Manufacturing Services, Voltage Power (Protection Control), SCADA panel design, Automation and Smart Manufacturing in Canada and the United States.

Bianco

PETER DALl BIANCO, Advisor 

Peter launched his first business in 1975 as a record and electronics retailer in Sudbury, Ontario. He grew the business and became President of the National Video Franchise chain for Canada. In 1986, Peter became the 2nd largest shareholder of the parent company, National Video International of Portland, Oregon, with ~700 locations, and helped take the company public on the NASDAQ. By 2007, having started and expanded multiple Northern ventures, Peter was recognized for his long-lasting success as Entrepreneur of the Year at both the i) Bell Business Excellence Awards, and ii) Northern Ontario Business Awards. In 2014, Peter joined the mentorship board of NORCAT’s Innovation sector. He was a consultant for the Northern Ontario Angels from 2015-2020 and helped raise >$8M in Angel funding for new start-ups and scale-ups. Peter is presently NORCAT’s principal EIR, (Entrepreneur-in-Residence).

Mellie

MELLIE CHOW, Venture Partner

Mellie is an angel investor, competitive strategist, startup advisor and Executive Director of Product Research at Comcast. She has extensive experience working with tech entrepreneurs ranging from Fortune 50 to early-stage startups. Mellie manages complex business transformation projects, builds digitally disruptive agile products, and provides growth advisory. She also serves on the advisory board for Electro Medical Instruments Co and Purple Arch Ventures. Mellie holds a BS in Mechanical Engineering from the University of Waterloo, and an MBA from the Kellogg School of Management and the Schulich School of Business. 

Moien

MOIEN GIASHI, Venture Partner 

Moien Giashi, Ph.D., is an Associate with GreenSky Capital. Moien brings a broad scientific background, with published research and industry experience in nanotechnology, advanced materials, 3D printing, healthcare, medical devices, and oil and gas industries. Before his current role, Moien was a Scientific Affairs Associate at Baylis Medical supporting Evidence Generation, Marketing, IP, and R&D. Moien has served as a Venture Manager with Creative Destruction Lab, supporting deep tech startups in their growth and fundraising. Moien currently serves as a mentor at Hatchery and the Incubation Network.

Chad2

CHAD PALLOPSON, Venture Partner 

Chad has over 20 years of capital markets experience at some of Wall Street’s largest firms including J.P. Morgan, SVB Leerink, and Lazard. Chad has also been a Managing Partner and Portfolio Manager at a Connecticut-based long/short equity hedge fund. After more than 2 decades in the New York City area, Chad recently moved back home to Canada. Born and raised in Orillia, ON, he now resides in Parry Sound. He is currently a consultant for the Northern Ontario Angels and a member of the NORCAT mentor advisory board. He has a Bachelor of Science degree from the Wharton School of the University of Pennsylvania in Philadelphia.

Photo JustinKim

JUSTIN KIM, Venture Partner 

Justin spent the majority of his career in various management consulting roles in the US and Canadian healthcare markets. He is currently a Director with TELUS Global Innovation in Health and oversees the delivery and operations of a digital health platform for international clients. Justin has a B.Sc. from the University of Waterloo and an MBA from the Kellogg School of Management and from the Schulich School of Business.

The Axion Fund was built by a team of seasoned entrepreneurs and investment professionals. Our team has worked in diverse industry and markets. We value our relationships. We have created a hands-on model where person-to-person interaction is supported and central to what we do. Our team works closely with our users to ensure a personalized experience. We move fast because markets move fast, good deals move fast, and if you’re building a high-growth startup, you shouldn’t spend more time than necessary on fundraising.
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