Invest Ottawa

Established in 1983, Invest Ottawa is a non-profit organization dedicated to fostering economic development in Ottawa. It offers programs supporting entrepreneurs from ideation to scale, including training for small businesses, foreign business attraction, and its Venture Path portfolio. The IO Accelerator focuses on growth-stage startups, providing support in securing funding, product-market fit, and building key business disciplines.

Laurie Davis

Entrepreneur In Residence

39 past transactions

FundMore.ai

Non Equity Assistance in 2021
FundMore is an innovative company that offers an automated platform designed to streamline the loan origination process for mortgage lenders. Utilizing advanced machine learning, FundMore enhances the borrower experience by providing analytics that aid in risk management and decision-making. Initially focusing on document management, the company has developed a secure and fully automated solution accessible via mobile and web environments. In 2020, FundMore introduced its AI-driven underwriting system, aiming to provide rapid mortgage decisions through the aggregation of data from third-party partners. This system employs an AI document reader to efficiently analyze and digitize physical documents, allowing for the extraction and validation of essential information to meet mortgage conditions. FundMore is committed to simplifying the mortgage experience for Canadians by leading the way in mortgage process automation.

Oomple

Non Equity Assistance in 2021
Oomple is a marketplace designed to connect companies with on-demand professionals, fostering a direct relationship between organizations and freelance workers. The company develops a freelancer hiring platform that centralizes the recruitment process, allowing businesses to efficiently grow and engage with a network of skilled contractors. By offering tools that streamline hiring, Oomple enables organizations to quickly find and hire freelancers to meet immediate project needs, thus bridging the gap between traditional employment and the agile workforce of the future.

Dunia Payment

Non Equity Assistance in 2021
Dunia Payment offers a financial platform facilitating global payments. Users can send and receive funds, make QR-code based in-store purchases, settle bills, and engage in cryptocurrency transactions via its mobile wallet.

Trellis

Non Equity Assistance in 2021
Trellis is an ad optimization platform, that assists Amazon e-commerce merchants in increasing product sales. They reduce complexity and save time by continuously optimizing bids, budgets, and keywords to deliver maximum campaign performance. Through shelf analytics, purchase behavior, and competitive analysis, Trellis analytics provides insights. Trellis' eCommerce advertising software and powerful analytics help leading brands scale revenue growth on Amazon, Google Shopping, and Walmart.

Growcer

Funding Round in 2020
Growcer Inc. is a manufacturer based in Ottawa, Canada, specializing in modular hydroponic growing systems designed to enable the cultivation of vegetables year-round, regardless of climate. Founded in 2016, the company provides solutions tailored for a variety of users, including entrepreneurs, communities, non-profits, remote camps, and institutions. By offering plug-and-play hydroponic farms, Growcer facilitates the local production and sale of fresh crops, emphasizing profitability and sustainability. The company also supports its clients with training and resources to ensure successful agricultural practices.

Click Armor

Non Equity Assistance in 2020
Click Armor is a cybersecurity platform focused on enhancing employee awareness and reducing risks associated with human vulnerabilities in organizations. The company offers a continuous cybersecurity awareness program that employs gamification techniques and simulation exercises to engage employees effectively. With a significant percentage of security breaches linked to employee behavior, Click Armor aims to empower clients by fostering a culture of security through education and training. Their services encompass a range of topics, including compliance, health and safety, ethics, harassment, diversity, and inclusion. Customer support is available through various channels, including phone, email, and online applications, ensuring that inquiries are addressed promptly and effectively.

ZeroTek

Non Equity Assistance in 2020
ZeroTek is a managed service provider (MSP) software technology company that offers a pay-as-you-go platform designed for identity management. The company specializes in delivering a comprehensive SaaS-based solution that enables MSPs to efficiently deploy, scale, and manage identity management services for multiple clients through a unified dashboard. By integrating deeply with Okta, a leading identity and access management security solution, ZeroTek empowers its users to enhance security and streamline operations, facilitating the rapid adoption of new technologies for their customers. This innovative approach allows clients to secure and manage their workforces effectively while optimizing service delivery.

Ajile Light Industries

Non Equity Assistance in 2020
Agile is a science & engineering firm providing the latest DMD controllers, structured light projectors, smart cameras & 3D imaging systems.

Neurovine

Non Equity Assistance in 2020
Neurovine offers a digital health platform that provides personalized therapeutic support to concussion patients via an EEG headband. It collects and analyzes data, delivering gamified therapies to patients' devices and insights to clinicians through a web portal.

MapSherpa

Non Equity Assistance in 2019
MapSherpa is a map publisher that leverages print-on-demand technology to distribute maps globally. It offers a wide array of maps, including customizable and digital ones, along with geospatial services. The company's platform enables businesses and organizations to access accurate geographic data, enhance spatial analysis, and make informed decisions. It handles international distribution, caters to diverse print demands, and facilitates personalized map items in near real-time.

RedLore

Non Equity Assistance in 2019
RedLore specializes in real-time location and condition tracking systems aimed at automating logistics and manufacturing processes. The company offers a platform that leverages low-cost, wireless IoT tags equipped with machine learning capabilities to monitor the location and status of physical objects. By replacing outdated manual processes such as counting, barcode scanning, and RFID scanning, RedLore enhances operational efficiency for manufacturers, distributors, logistics providers, and healthcare organizations. The innovative technology enables businesses to streamline operations, reduce reliance on manual labor, and improve overall productivity.

Reshift security

Non Equity Assistance in 2019
Reshift Security Inc. is a Canadian company located in Nepean that focuses on developing secure software solutions for organizations. The company specializes in designing, implementing, and deploying software that enhances security measures, ensuring that clients can protect their data and systems effectively. With a dedicated team of software developers, Reshift Security aims to address the growing need for cybersecurity in an increasingly digital world.

Knak

Non Equity Assistance in 2019
Knak is a platform that specializes in the creation of email and landing page templates, catering to some of the largest companies globally. It enables marketers to design and collaborate on visually appealing, responsive, and on-brand emails without the need for coding skills. The Knak platform seamlessly integrates with major marketing automation software and numerous email-sending platforms, allowing enterprises to enhance their email marketing campaigns effectively. By simplifying the design process, Knak empowers teams to focus on creativity and strategy while ensuring brand consistency across their communications.

APX Building & Onsite Data Solutions

Non Equity Assistance in 2019
APX Building & Onsite Data Solutions, based in Ottawa, Canada, specializes in providing pre-incident planning software designed to enhance safety for first responders. The company offers several key applications: SmartCapture, which accelerates the creation and data collection of tactical pre-incident plans; SmartView, enabling first responders to access and share information captured in SmartCapture across various devices; SmartTrainer, allowing first responders to familiarize themselves with their city through enriched pre-incident plans; and SmartInspect, facilitating quick completion of fire inspections with accurate and instant data access. APX has established itself as a leader in Smart City infrastructure by focusing on manageable and accessible data sharing.

Relogix

Non Equity Assistance in 2019
Relogix Inc. is a Canadian company based in Ottawa that specializes in developing sensor-based devices for monitoring and tracking unused office spaces. Founded in 2010, it offers a comprehensive system called UtiLive, which incorporates advanced space tracking sensors and an analytics engine powered by machine learning for data analysis. The company employs a sensor-as-a-service pricing model, providing clients with initial floor planning, sensor deployment, and ongoing monitoring through a cloud-based application. Relogix serves large enterprises and commercial real estate portfolios, delivering insights that enable corporate real estate professionals to make informed, data-driven decisions to optimize their real estate strategies. The company's innovative approach leverages its extensive experience in corporate real estate and analytics to enhance the workplace experience and improve the efficiency of global real estate portfolios.

FanSaves

Non Equity Assistance in 2019
FanSaves is a B2B SaaS platform that serves as a digital coupon book for sports teams and organizations. It connects fans with exclusive discounts, deals, and promotions from sponsors and affiliated businesses, while tracking customer data and return on investment (ROI) for both parties.

Virica

Non Equity Assistance in 2018
Virica Biotech is a biotechnology company focused on enhancing the development and production of viral vector therapeutic products to improve human health. The company has developed a proprietary Viral Sensitizer technology, which encompasses a library of over one hundred small molecules. These viral sensitizers are designed to safely bypass the natural immunological defenses present in both humans and animals, thereby facilitating more effective viral medicines. By employing a throughput screening process, Virica identifies these molecules to address unmet needs in the production processes of viral medicine producers, ultimately enabling them to enhance their offerings affordably and efficiently.

GBatteries

Non Equity Assistance in 2018
GBatteries is a developer of advanced battery technology focused on enhancing the charging capabilities of electric vehicles. The company has created a solution that allows lithium-ion batteries to charge at speeds comparable to filling a traditional gas tank, significantly improving charge time and cycle life. This innovative technology achieves rapid charging without altering the battery's chemistry or manufacturing process, thereby ensuring battery longevity. By facilitating faster charging, GBatteries aims to support the transition from internal combustion engines to electric vehicles, making electric mobility more accessible and convenient for consumers.

Incuvers

Non Equity Assistance in 2018
Incuvers is a hardware and software company that specializes in developing live cell imaging incubators for cellular researchers. The company's innovative technology facilitates the real-time visualization and analysis of cell cultures, allowing researchers to capture time-lapse videos and monitor cellular environments effectively. Additionally, Incuvers offers a platform that enables scientists to compare and share their experiments in real time, enhancing reproducibility and fostering collaboration within the scientific community. This combination of advanced imaging technology and collaborative tools positions Incuvers as a key player in supporting cellular research and experimentation.

Rewind

Non Equity Assistance in 2018
Founded in 2015, Rewind is dedicated to assisting small and medium businesses in maintaining their online growth. With over 30,000 customers across 100 countries, Rewind offers highly-rated software and support to help businesses manage their software-as-a-service data effectively. By providing solutions for data protection and recovery, Rewind enables businesses to safeguard the information necessary for their continued success and development.

Hoppier

Non Equity Assistance in 2018
Hoppier is a software company specializing in stipend management for remote teams and virtual events. Its platform enables businesses to set up and manage allowance programs, allowing employees to redeem funds on pre-approved vendors for various rewards such as meals, gifts, or learning expenses. This facilitates employee engagement and improves the experience of remote work and virtual events by providing flexibility in benefits.

Trualta

Non Equity Assistance in 2018
Trualta is a tech-enabled platform offering professional-level healthcare training tailored to family caregivers. It partners with social service organizations, healthcare providers, and payors to deliver personalized educational interventions, enabling families to build skills for extended home care and reduce costs.

RVezy

Non Equity Assistance in 2018
RVezy is a peer-to-peer RV rental marketplace that connects RV owners with travelers seeking affordable and convenient travel experiences. Founded in 2016 and headquartered in Ottawa, Ontario, it operates as one of the largest RV rental platforms in Canada and the United States. The platform enables owners to list their RVs, manage bookings, and earn income through secure, user-friendly tools, while travelers can discover and rent a wide range of RVs for their trips. RVezy provides insurance coverage, roadside assistance, and customer support in English and French, helping to simplify the rental process. By offering competitive pricing and a streamlined experience, it aims to make RV travel accessible and enjoyable for a broad audience.

QuickSilk

Non Equity Assistance in 2018
QuickSilk is a privately held Canadian company headquartered in Ottawa, Ontario. QuickSilk was borne from adversity when its founder, Garry Brownrigg, lost the ability to speak for nearly 10 years. Today, QuickSilk is a growing Software as a Service (SaaS) Content Management System (CMS) company with a disruptive proprietary technology and outstanding customer service reputation. Their mission is to provide their distribution channels and strategic SME clients with the ability to generate secure, standards-based, fully managed, device agnostic, responsive web properties without writing a single line of code - although you can still code using their API. As a best-of-breed CMS QuickSilk enables Clients to build, manage and launch secure websites, microsites, extranets, web portals & ecommerce storefronts (Q4/2015) up to 90% faster with up to 75% lower operating expense. There's no programming needed using their intuitive Drag and Drop canvas! They have eliminated the issues connected to open source software and some commercial platforms; security, long development cycles, lack of standards compliance, plug in compatibility, high development costs & general “dis-ease of use”. Imagine being able to build a global community portal in 1 week for users in 22 developing countries with five university students who received 20 minutes training. Or a secretary that manages an entire Federal Government website, previously managed by an IT department. That's the power of QuickSilk! The architecture, methodology and technology built into the QuickSilk platform enable us to strategically compete as a Best-Cost-Provider with effective low cost leadership and differentiation strategies. With lighthouse clients including: The World Bank, Office of the Parliamentary Budget Officer, Financial Accountability Officer of Ontario, University of Ottawa, and an emerging distribution channel, they're ready to go to market and become the standard by which other CMS vendors are measured.

FreightPath

Non Equity Assistance in 2018
FreightPath is a developer of a collaborative transport management platform that connects shippers and carriers across North America. The company facilitates the logistics process by linking shipping companies with qualified and insured carriers. Its platform encompasses various functionalities, including order and inventory management, quote management—both spot and negotiated—load booking, real-time shipment visibility, and invoicing. By allowing shippers to post their loads online at desired prices, FreightPath enables efficient matching with carriers based on geo-localization and other relevant parameters. This approach streamlines the shipping process, enhancing operational efficiency for both shippers and carriers.

Noibu

Non Equity Assistance in 2018
Noibu is a software company that specializes in digital experience monitoring. Its platform detects and prioritizes revenue-impacting issues on eCommerce websites, providing detailed technical insights to enable swift resolution. It works seamlessly with various website platforms.

Growcer

Non Equity Assistance in 2018
Growcer Inc. is a manufacturer based in Ottawa, Canada, specializing in modular hydroponic growing systems designed to enable the cultivation of vegetables year-round, regardless of climate. Founded in 2016, the company provides solutions tailored for a variety of users, including entrepreneurs, communities, non-profits, remote camps, and institutions. By offering plug-and-play hydroponic farms, Growcer facilitates the local production and sale of fresh crops, emphasizing profitability and sustainability. The company also supports its clients with training and resources to ensure successful agricultural practices.

Phzio Virtual Care

Non Equity Assistance in 2018
Phzio Virtual Care provides telehealth, physical therapy, telerehabilitation, telemedicine, virtual care, homecare, and MSK services. They also provide therapeutic exercise programs and text messaging services.

Spiderwort

Non Equity Assistance in 2018
Spiderwort is an innovative company based in Ottawa, Ontario, founded in 2015, focused on developing biomaterials for regenerative medicine. The company specializes in creating cellulose-based biomaterials that serve as living scaffolds, which can be utilized for various medical applications, including spinal cord injury repair and soft tissue regeneration. Spiderwort's products encompass a range of biological and synthetic polymers available in multiple forms, such as powders, gels, membranes, and pastes. Currently in the pre-clinical stage, their novel biomaterials have shown promising results in terms of biocompatibility and the ability to induce angiogenesis, which is the generation of blood vessels within the scaffold. This approach aims to advance the repair and regeneration of tissues within the human body, providing new solutions for challenging medical conditions.

Aetonix

Non Equity Assistance in 2018
Aetonix Systems Inc. is a Canadian company based in Ottawa that specializes in mobile health solutions aimed at improving chronic care management and supporting patients with pre/post-operative needs. Its primary offering, aTouchAway, is a secure and user-friendly digital platform that facilitates communication among healthcare professionals, patients, and family caregivers. The platform enables remote management of care through features such as virtual visits, appointment scheduling, and reminders, as well as the monitoring of vital health indicators including oxygen saturation, heart rate, blood pressure, and more. Additionally, aTouchAway includes tools for messaging, custom assessment surveys, and alerts, ensuring that care teams and families remain connected and informed. Aetonix is dedicated to simplifying the complexities of home healthcare while adhering to privacy regulations.

Welbi

Non Equity Assistance in 2018
Welbi is a company focused on enhancing the quality of life for older adults residing in senior living communities. It offers a recreational platform that simplifies administrative processes, allowing staff to dedicate more time to engaging with residents. By providing personalized programming and real-time insights, Welbi enables these communities to create unique experiences tailored to the individual needs of residents. The platform equips resident experience teams with the tools necessary to develop a comprehensive understanding of their residents, fostering deeper connections and preventing social isolation. Through these innovations, Welbi aims to transform the care and engagement practices within senior living environments.

Hyperion Global Energy

Non Equity Assistance in 2018
Hyperion Global Energy develops modular carbon capture and recycling technology for industrial-scale deployment, designing advanced thermal reactors that divert waste carbon dioxide from heavy industry and convert it into high-value mineral commodities. The company employs patented processes to enable compact systems capable of handling large CO2 flows while generating power, with the aim of addressing energy needs and reducing climate impact. By turning emissions into minerals and energy, Hyperion Global Energy seeks to provide affordable, clean, and safe energy solutions for clients and advance cleaner industrial operations.

Smats Traffic Solutions

Non Equity Assistance in 2018
Smats Traffic Solutions Inc., founded in 2015 and based in Ottawa, Canada, specializes in the development of advanced vehicle detection software aimed at optimizing traffic flow on roadways and at key transportation hubs such as ports and borders. The company offers a comprehensive traffic management solution that includes travel time measurement, origin-destination pattern analysis, and traffic signal optimization. Additionally, it provides queue management solutions tailored for various environments, including borders, port management, work zones, and rail yards. Smats Traffic Solutions employs hardware sensors alongside machine learning and artificial intelligence to deliver actionable traffic analytics, facilitating improved monitoring and management of congestion. The company also manufactures portable traffic tools, including tablets and specialized traffic boxes, ensuring efficient data collection and analysis for effective decision-making.

Fellow.app

Non Equity Assistance in 2018
Founded in 2017, Fellow.app is a leading meeting productivity platform that enhances collaboration among teams. It connects calendars with meeting notes, allowing attendees to contribute to agendas, reference past discussions, record action items, and more. The platform also offers dedicated spaces for one-on-one notes, feedback, objectives, and action items, fostering productive meetings regardless of location.

GoFor

Non Equity Assistance in 2018
GoFor is a provider of last-mile logistics services that focuses on enhancing operational efficiency within the construction industry. The company specializes in the delivery of building materials and equipment, ensuring reliable and timely service to job sites. GoFor employs an innovative model that integrates electric vehicles, carbon offsets, and smart packaging, promoting sustainable delivery practices. This approach not only supports environmental goals but also empowers drivers by enhancing their operational capabilities. By offering a platform that allows for seamless integration across various sales channels and order management systems, GoFor is positioned to meet the specific needs of the home improvement and construction sectors effectively.

TryCycle Data Systems

Non Equity Assistance in 2018
Founded in 2016, TryCycle Data Systems develops predictive health technology that learns human behavior patterns in real-time to estimate relapse risks for individuals undergoing treatment for substance use disorders, mental health conditions, and post-traumatic stress disorders. Its system enables healthcare professionals to detect unhealthy behaviors, identify at-risk patients, and intervene early.

GameStrat

Non Equity Assistance in 2018
GameStrat is a sports software company specializing in sideline replay systems that enable coaches to review plays in real-time during games and practices. The company's technology allows for instant file transfer and analytics, facilitating the recording of gameplay and the sharing of videos across multiple devices. Coaches can access replays within two seconds of a play ending, allowing them to make immediate tactical adjustments. GameStrat's platform also supports tagging plays, fast-forwarding, and zooming in on specific moments, enhancing the coaching experience. With a focus on quality products and customer service, GameStrat has established itself as a leading provider of sideline replay solutions, particularly for football and hockey programs throughout North America.

Buildmetric

Pre Seed Round in 2015
Buildmetric Inc. is a Canadian company specializing in construction management software tailored for home builders. Founded in 2014 and based in Ottawa, Buildmetric focuses on optimizing workflow for the construction industry by providing tools that enable project managers to identify defects at construction sites, assign tasks to trades, and report on real-time project progress. The platform features a deficiency management system that streamlines the warranty process and offers comprehensive analytics, helping clients mitigate financial risks linked to construction defects while enhancing overall quality and productivity. The leadership team, including co-founder and CEO Philip Tabet, brings extensive experience in construction management and software development, ensuring that Buildmetric delivers user-friendly solutions that foster collaboration across all levels of a builder's organization.

Homicity

Pre Seed Round in 2015
Homicity operates a smart property search platform in Canada. It offers real-time listings for sale and rent, enables users to save and compare favorites, and provides neighborhood insights. Additionally, it connects users with top-rated real estate agents and facilitates easy home insurance shopping.
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