By David Nault & Rohan Monga, February 3, 2026
We’re super excited to announce our new investment in Montreal-based Velix, a financial operations platform to help logistics teams save time, money, and work better together. We led Velix’s $2M Pre-Seed round, with participation from our friends at Accelia Capital and Stand Up Ventures.
The modern world runs on trade: the products we buy and use everyday are constantly moving across borders, ports, warehouses, and last-mile delivery networks to meet global demand. Behind nearly every “Buy Now” click is a complex physical supply chain that has to function with near-perfect timing. Third-party logistics providers (3PLs) are the backbone of that system, sitting in between the retailer and the shipping carrier. They quietly coordinate warehousing, fulfillment, transportation, and returns so businesses can operate without needing to also own the entire logistics stack themselves. Most consumers never think about them, but 3PLs are the behind-the-scenes infrastructure that keeps global commerce running.
Yet despite their importance, many 3PLs are still managing their financial operations and processes with paper, email, flat files, and siloed legacy platforms. These firms are constantly dealing with a high volume of discrepancies between estimated and actual shipping costs which they must then reconcile. Adding to the complexity of it all is the fact that these discrepancies can manifest themselves in many different ways – such as differences in package weight, duties, tariffs, miscellaneous surcharges and inaccurate rate cards to name a few. The result is a process that is difficult to manage at scale, especially without software tooling, and one that leads to margin leakage, billing delays, and customer dissatisfaction.
Founder and CEO Maeghan Smulders and her team are building Velix to solve these problems: a financial operations platform to help logistic teams automate freight and parcel reconciliation, customer billing, and resolve disputes quickly and accurately – all in one place. Velix’s solution aligns well with our thesis in trade finance – that shipping volume has outpaced the industry’s finance tech stack and that agentic AI is perfectly positioned to solve this problem.
The global logistics market is a multi-trillion dollar market. The Canadian Government recently announced in 2025 a $4.1B commitment towards trade-enabling infrastructure. E-commerce volumes exploded as a side effect of the COVID-19 pandemic and growth has further continued as more and more shoppers around the world are buying online, with Shopify estimating that global e-commerce sales were $5.13T in 2022, rose to $6.42T in 2025, and are projected to hit $7.89T by 2028 (USD). Buy-now-pay-later lending has increased consumers’ financial flexibility, and the early days of agentic commerce are expected to make purchases even easier. All that is to say – there are a lot of tailwinds pointing towards more goods being bought and sold, and the 3PLs who make up this back-end logistics infrastructure need the right equipment to support this volume.
We are excited to support Maeghan, Mike (CTO), and the entire Velix crew as they expand their product, team, and push to redefine how 3PLs operate. It’s about time logistics teams got the financial tooling they need.
If you’re building in fintech at the early-stage, we’d love to hear from you! You can contact us here.