Velocity, the University of Waterloo’s accelerator programme, is celebrating a milestone achievement after successfully raising $100m in funding for its startups since launching five years ago.

The figure includes funding raised from venture capitalists, angel investors, grants, government programmes, and crowdfunding platform Kickstarter. It does not include acquisitions, such as internet giant Google’s buyout of delivery service Bufferbox in 2012.

Three firms particularly stand out in terms of what they have secured: smartphone messaging service Kik ($27.5m), smartwatch manufacturer Pebble…

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