# FACIT

FACIT is a Foundation based in Toronto, Canada.

## Overview

- **Organization type:** Foundation
- **Headquarters:** Toronto, Canada
- **Region:** North America
- **Address:** Toronto, ON, Canada
- **Founded:** 2003
- **Assets under management:** Undisclosed
- **Website:** facit.ca
- **LinkedIn:** https://www.linkedin.com/company/facit

## Regulatory record

- **Reports private funds:** No

## About

Onderzoek | Advies | Training | FG | Vertrouwenspersoon | Klachtenfunctionaris | PREZO | HKZ | ISO 9001 | ISO 27001 | Ondersteuning aan zorgorganisaties is waar Facit voor in het leven is geroepen. We zijn in 2000 ontstaan uit de koepelorganisaties voor verzorgingshuizen in Noord-Holland en de koepel voor verpleeghuizen in Noord-Holland noord.

## Sectors

- Digital Health
- AI/ML
- Enterprise Software

## People

- David O'Neill — President

## Questions

### How does FACIT source its investments?

FACIT draws its pipeline almost exclusively from Ontario research institutions, primarily the Ontario Institute for Cancer Research and associated academic hospitals. The foundation works closely with tech-transfer offices and principal investigators to identify commercially viable oncology projects. This deep institutional integration gives it a first look at assets that broader Canadian and US life-science VCs often do not see until a formal spinout process begins.

### Is FACIT structured as a foundation or a venture capital firm?

FACIT is a registered charitable foundation that operates an active venture portfolio. Its legal structure is that of a nonprofit, and all returns from its investments are recycled into its research-commercialization mandate. The operating model, however, mirrors a sector-focused VC: it takes equity, sits on boards, and manages exits.

### Does FACIT invest outside of Canada?

FACIT's investment mandate focuses on Ontario-originated oncology intellectual property. It has occasionally supported portfolio companies in accessing US markets or collaborating with US-based co-investors, but it does not lead rounds in companies without a meaningful Ontario research connection.

### Which investment stages does FACIT target?

FACIT is stage-agnostic within its mandate but concentrates on seed and Series A oncology rounds. It acts as the initial institutional capital for many of its portfolio companies, often forming the company around a specific research program. It will follow on selectively in later rounds for high-performing assets.

### How does FACIT's relationship with the Ontario Institute for Cancer Research work?

FACIT was created with seed funding from the Ontario government alongside the establishment of the Ontario Institute for Cancer Research in the mid-2000s. While structurally independent, FACIT serves as the primary commercialization partner for OICR-developed intellectual property, providing both formation capital and strategic board-level support to spinout companies.

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- [Aquilo Capital Management](https://altss.com/profile/aquilo-capital-management)
- [Mark IV Capital](https://altss.com/profile/mark-iv-capital)

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Last updated: 2026-06-03T20:00:00.000Z

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