Blue Sky Capital

Blue Sky Capital is a Toronto-based venture capital firm focusing on early-stage investments in technology sectors, particularly mobile and security-related technologies targeting financial services and payments. They typically invest between $0.2 million to $2 million initially, with potential for additional commitments in follow-on financing.

Madison Hamman

Managing Director

17 past transactions

Arkon Energy

Venture Round in 2023
Arkon Energy is a globally diversified owner of data center infrastructure, operating facilities in Australia, Europe, and North America. The company specializes in providing processing power solutions tailored for clients in the artificial intelligence and high-performance computing sectors. Additionally, Arkon Energy focuses on renewable energy by purchasing electricity directly from generators, prior to it entering the grid. This approach offers significant economic advantages and ensures reliable power consumption for its clients, facilitating operations such as bitcoin mining at favorable rates.

Arkon Energy

Venture Round in 2022
Arkon Energy is a globally diversified owner of data center infrastructure, operating facilities in Australia, Europe, and North America. The company specializes in providing processing power solutions tailored for clients in the artificial intelligence and high-performance computing sectors. Additionally, Arkon Energy focuses on renewable energy by purchasing electricity directly from generators, prior to it entering the grid. This approach offers significant economic advantages and ensures reliable power consumption for its clients, facilitating operations such as bitcoin mining at favorable rates.

Ayar Labs

Series B in 2020
Ayar Labs develops and manufactures high-density electronic-photonic chiplets and lasers, specializing in optical interconnect solutions. Its flagship product, TeraPHY, offers a monolithic in-package optical I/O solution for applications requiring high bandwidth, low latency, and power efficiency. The company's products serve various industries such as artificial intelligence, cloud computing, telecommunications, aerospace, and military.

Medimetry

Seed Round in 2018
MediMetry is a digital health company that provides an online platform and mobile app for patients to consult with specialist doctors remotely. The platform offers telemedicine services, electronic medical records, and disease management programs, focusing on chronic ailments and at-risk populations. Patients can access expert advice in over 18 medical specialties, including pediatrics, gynecology, psychology, and cardiology, among others. MediMetry's structured, evidence-based approach aims to improve clinical outcomes and overall patient health.

Approved

Seed Round in 2017
Approved is a financial services company based in San Diego, California, focused on modernizing the mortgage lending process. Founded in August 2015 by Andy Taylor and Navtej Sadhal, Approved aims to enhance transparency and efficiency for all participants in the mortgage experience, including agents, consumers, and lenders. The company's digital mortgage platform allows borrowers to easily collect supporting documents through their banking credentials, streamlining the loan application process. This innovative technology not only simplifies operations for lenders of all sizes but also enhances the overall customer experience, making the mortgage process more manageable and efficient.

Vantage

Venture Round in 2016
Vantage Analytics is a developer of a retail marketing platform that leverages predictive analytics, machine learning, and artificial intelligence to enhance consumer engagement throughout the purchasing journey. The platform provides an accessible interface for online business managers, enabling them to easily import and export data from common online services such as shopping carts and web analytics. It facilitates targeted marketing campaigns across various channels, including email and social media platforms, while allowing users to monitor and optimize campaign performance in real-time. By acting as a secure intermediary that connects retailers with real-time shopper intent data, Vantage enables businesses to gain a comprehensive understanding of shopper behavior, ultimately leading to increased site traffic, higher conversion rates, and larger transaction sizes. The service is offered on a software-as-a-service basis, allowing users to pay only for the features they need, with additional capabilities available as required.

Kili

Venture Round in 2016
Kili Technology Corp is a fabless semiconductor company specializing in the development of advanced technology for authentication, mobile payment, consumer electronics, and wearables. Originating as a divestiture from SecureKey Technologies, Kili has spent four years creating its proprietary intellectual property. The company markets its Kili 3.x chipsets and associated firmware directly to original equipment manufacturers (OEMs) and component suppliers. Additionally, Kili licenses various security and communication intellectual properties to other companies for integration into their silicon products. Its patented technology is designed for easy adaptation to different CMOS nodes, and the company offers comprehensive support for evaluation, integration, customization, and certification, leveraging a team of experienced engineers to assist clients in effectively utilizing its solutions.

Dream Payments

Series A in 2015
Dream Payments offers a cloud-based mobile payment platform that enables merchants to accept debit and credit card payments securely via mobile devices. Its solutions include Dream MPOS devices, a merchant app for catalog management and receipt issuance, and real-time reporting analytics. Headquartered in Toronto, Canada, the company was founded in 2014.

SecureKey

Series C in 2015
SecureKey Technologies Inc., established in 2008 with headquarters in Toronto, Canada, specializes in providing secure identity and authentication solutions for online services. The company operates by building cloud-based identity networks, facilitating frictionless digital identities, and offering professional services. SecureKey serves diverse markets such as banking, government, healthcare, and enterprise sectors, ensuring consumers have secure access to critical online platforms while maintaining privacy. It maintains strategic collaborations with notable partners like Digital Bazaar and is backed by prominent investors including Visa, MasterCard, Discover, Rogers Venture Partners, and Intel Capital. With additional offices in Boston and San Francisco, SecureKey's services enable organizations to build or subscribe to identity networks that prioritize both security and privacy for consumers.

SimplyTapp

Series B in 2014
SimplyTapp, Inc., established in 2011 and based in Austin, Texas, offers cloud-based mobile payment solutions. The company enables customers to make payments at NFC-enabled retailers using a white label solution and check their balance through its platform. SimplyTapp serves various enterprises including banks, payment card issuers, transit authorities, and retailers, providing mobile payment distribution and authorization services.

SimplyTapp

Series A in 2013
SimplyTapp, Inc., established in 2011 and based in Austin, Texas, offers cloud-based mobile payment solutions. The company enables customers to make payments at NFC-enabled retailers using a white label solution and check their balance through its platform. SimplyTapp serves various enterprises including banks, payment card issuers, transit authorities, and retailers, providing mobile payment distribution and authorization services.

PasswordBox

Series A in 2013
PasswordBox is a developer of a password manager application that offers a secure solution for users to store, retrieve, create, and share passwords and personal data across multiple devices. The app enables users to manage their passwords safely while allowing them to share access to their accounts with others without revealing their actual passwords. Additionally, PasswordBox provides a feature that allows individuals to entrust their digital assets, such as movies, music, or photos, to family members or friends in the event of an unforeseen circumstance. This service prioritizes security and accessibility, catering to the needs of users seeking to protect and manage their digital identities effectively.

Nova

Series A in 2012
Nova is a technology company that aids premium publishers in enhancing revenue through branded content. Founded in 2007 and headquartered in Toronto, Canada, with additional offices in New York City, London, and Sydney, Nova partners with notable organizations such as AOL, Conde Nast, News Corp, and The Telegraph to support the growth of their direct-sold branded content initiatives. The company's Branded Content Platform is specifically tailored for premium publishers, offering features for content distribution, campaign management, and performance reporting. Nova's solutions are designed to increase content views, streamline operational processes, and provide analytics that demonstrate the effectiveness of branded content programs.

Nova

Seed Round in 2010
Nova is a technology company that aids premium publishers in enhancing revenue through branded content. Founded in 2007 and headquartered in Toronto, Canada, with additional offices in New York City, London, and Sydney, Nova partners with notable organizations such as AOL, Conde Nast, News Corp, and The Telegraph to support the growth of their direct-sold branded content initiatives. The company's Branded Content Platform is specifically tailored for premium publishers, offering features for content distribution, campaign management, and performance reporting. Nova's solutions are designed to increase content views, streamline operational processes, and provide analytics that demonstrate the effectiveness of branded content programs.

Supertec

Venture Round in 2007
Supertec develops communication tools for the distribution of goods and services. Its products include iScreen, a technological solution that synchronizes commercial operations on sales points and optimizes material and human resources; iPresentoir, a kiosk that displays the information of the selected product; iK Fid, a radio frequency identification technology solution, which detects customer’s rewards card; and CPLi, a technology solution that facilitates the use of Internet for various commercial areas using existing electric network for the retail market. The company serves distribution, banking networks, and entertainment industry markets. Supertec was founded in 2003 and is based in Grenoble, France with an additional office in Reno, Nevada.

NoNO

Venture Round in 2006
NoNO Inc. is a clinical-stage biotherapeutics company based in Toronto, Canada, focused on the research, development, and commercialization of pharmaceuticals aimed at treating common health disorders, including strokes, traumatic brain injuries, and various types of pain. Founded in 2003, the company develops innovative therapeutic products such as NA-1, which targets neurological disorders, and TRPM7, an ion channel that mitigates ischemic damage in multiple organ systems. Additionally, NoNO Inc. offers SRC-ND2, a compound designed to alleviate inflammatory and neuropathic pain. The company's commitment lies in addressing unmet medical needs while striving to provide effective treatments with minimal side effects.

724 Solutions

Venture Round in 2000
724 Solutions is a technology company based in Toronto, Ontario, that specializes in developing software products for mobile and virtual network operators. Founded in 1997, the company focuses on creating solutions that enable the rapid deployment of flexible IP-based network and data services, allowing businesses to deliver services to a variety of mobile devices, including phones and handheld computers. The software developed by 724 Solutions supports secure online banking, brokerage, and e-commerce services, catering primarily to large financial institutions such as Citigroup, Bank of America, and Wells Fargo. Additionally, the company provides tools for Internet connectivity, text messaging, multimedia messaging, and voice services, enhancing the capabilities of mobile network operators and their end users.
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