BDC Capital Inc., established in 1975, is a private equity and venture capital arm of the Business Development Bank of Canada. It specializes in direct and fund of funds investments, focusing on middle market, later stage, and emerging growth companies. BDC Capital provides a full spectrum of risk capital, from seed investments to transition capital, with a focus on early and development technology stage companies. It invests in healthcare, information technology, and industrial/energy/clean technology sectors across Canada, with a focus on Quebec, Ontario, and British Columbia. BDC Capital typically invests between CAD3 million and CAD35 million, preferring minority stakes and Board representation. It seeks to exit investments within three to five years through IPOs, strategic sales, or leveraged management buyouts.
5, Place Ville Marie, Suite 100 Montreal, Quebec H3B 5E7
Dinar Ahmed
Principal
Réjean Asselin
Assistant Vice President, Portfolio Management - Growth and Transition Capital
Amine Benmoussa
Principal
Disha Bhargav
Associate Director, Fund Investment
Jeremy Billan
Partner, Growth Equity Partners
Ela Borenstein
Vice President, Venture Capital Incentivized Programs
Kristina D'Amico
Director, Fund Investments
Saif Hashmi
Principal, Seed Fund and IT Venture Fund
Vivian Kan
Partner
Karim Kennedy
Director - Cleantech Practice
Leonard Kofman
Partner, Intellectual Property-Backed Financing
Siddartha Krishnan
Principal
Pascal Lanctot
Partner, Climate Tech Fund
Nicole Leite
Principal
Charles Lespérance
Partner
Mark Lunick
Senior Director, Growth and Transition Capital
Guillaume Mercier
Senior Vice President, Advisory Services and Business Strategy
Simon Mills
Director, Growth and Transition Capital
Claude Miron
Managing Partner - Growth Equity Partners
Anamika Mukherjee
Partner of Industrial, Clean and Energy Technology Venture Fund
Mike Notto
Partner, Growth Equity Partners
Jean-Philippe Poissant
Managing Director, Growth and Transition Capital
Salman Qadir
Associate Principal, Industrial, Clean and Energy (ICE) Technology Venture Fund
Karl Reckziegel
Senior Vice President
Lally Rementilla
Managing Partner
Susan Rohac
Managing Partner, Climate Tech Fund
Paul Ryan
Senior Director
Matt Stanley
Director, Cleantech Practice
Stephanie Tadros
Associate Director, Fund Investments
Zoltan Tompa
Senior Partner
Ron Warburton
Managing Partner
Brian Whiteway
Senior Director, Growth and Transition Capital
Angelo Zeni
Managing Director, Growth and Transition Capital
Past deals in Ontario
KOHO
Venture Round in 2024
Koho Financial Inc., established in 2014 and based in Toronto, Canada, is a financial technology company specializing in affordable banking services. It offers customers a reloadable Visa debit card and a user-friendly mobile app, equipped with tools and suggestions to help manage spending, set financial goals, track cash flow, and gain insights into expenses.
Forcen
Series A in 2024
Forcen Inc. is a Toronto-based company that develops and manufactures innovative force-sensing film technology for various applications, including surgical robotics, industrial robotics, and aerospace and defense. Founded in 2015, Forcen specializes in providing real-time force feedback, allowing users to accurately gauge the force applied during surgical procedures or industrial tasks. This technology can be seamlessly laminated onto medical devices and robotic systems, enhancing their performance and safety. By delivering precise data on force and torque, Forcen aims to improve operational efficiency and reduce complications in both medical and industrial environments.
LeddarTech
Post in 2023
LeddarTech Inc. is a Canadian company that specializes in developing advanced detection and ranging systems, utilizing time-of-flight measurement technology with infrared LEDs. Its product offerings include smart sensor modules for various applications, such as single-element and multi-element sensor modules, LED-based traffic management sensors, and sensor evaluation kits. These solutions are designed for a wide range of applications, including advanced driver assistance systems (ADAS), autonomous driving, public safety, and industrial monitoring. LeddarTech's flagship platform, LeddarVision™, integrates multiple sensor types to create comprehensive 3D environmental models, facilitating improved perception and navigation capabilities in vehicles. The company aims to address critical sensing challenges for OEMs and automotive suppliers, helping them enhance performance while reducing development time and costs. Founded in 2007 and headquartered in Quebec City, Canada, LeddarTech maintains a research and development office in Toronto and has secured numerous patents in the field of remote sensing technologies.
Kepler
Series C in 2023
Kepler Communications Inc. specializes in satellite communications by designing, developing, and operating satellite infrastructure for space-based connectivity. The company focuses on creating a network of Low-Earth Orbit satellites that facilitate communication for various applications, including connecting space stations and devices. Its offerings include PolarConnect, which allows organizations in extreme environments to maintain global connectivity, and the Global Data Service, a high-bandwidth solution for transferring large data files from remote locations to the internet. Kepler is also developing everywhereIOT, a solution aimed at providing reliable, low-power connectivity for Internet of Things devices worldwide. Established in 2015 and headquartered in Toronto, Canada, Kepler serves diverse industries such as maritime, natural resources, research, defense, and logistics, positioning itself as a leader in addressing connectivity challenges in both terrestrial and space environments.
Shoelace
Seed Round in 2023
Shoelace offers a software solution that enables online merchants to easily conduct retargeting campaigns. The company helps fast growing Shopify brands boost sales by showing the right customers, the right ads at the right time with customer journey retargeting. Shoelace was founded on 2015 and is headquartered in Toronto, Ontario.
Symend
Series C in 2022
Symend Inc. is a company that specializes in debt recovery solutions through its innovative software platform. Established in 2016 and headquartered in Calgary, Canada, with additional offices in Toronto and Denver, Symend focuses on enhancing the debt collection process by utilizing automation, predictive analytics, and behavioral science. The platform aims to minimize debt delinquency while ensuring a positive experience for all stakeholders. It offers tools for treatment planning, campaign management, and self-service options, allowing businesses in sectors such as financial services, telecommunications, and utilities to engage customers effectively. By creating personalized interactions, Symend empowers individuals to manage their debts through flexible repayment options, ultimately fostering better financial outcomes and strengthening customer relationships.
Private AI
Series A in 2022
Private AI Inc., founded in 2017 and based in Toronto, Canada, specializes in developing privacy-preserving machine learning and natural language processing tools. The company focuses on enabling secure data analysis for developers by finding, redacting, and generating synthetic personally identifiable information (PII) within semi- and unstructured datasets. Private AI's technology boasts over 99.5% accuracy across more than 47 languages and 50 different entity types. Its platform operates as a Docker container within clients' existing infrastructure, ensuring that sensitive data remains on-site and is never shared externally. This approach allows organizations across various industries to analyze large datasets while maintaining user privacy and data security.
LeddarTech
Series D in 2022
LeddarTech Inc. is a Canadian company that specializes in developing advanced detection and ranging systems, utilizing time-of-flight measurement technology with infrared LEDs. Its product offerings include smart sensor modules for various applications, such as single-element and multi-element sensor modules, LED-based traffic management sensors, and sensor evaluation kits. These solutions are designed for a wide range of applications, including advanced driver assistance systems (ADAS), autonomous driving, public safety, and industrial monitoring. LeddarTech's flagship platform, LeddarVision™, integrates multiple sensor types to create comprehensive 3D environmental models, facilitating improved perception and navigation capabilities in vehicles. The company aims to address critical sensing challenges for OEMs and automotive suppliers, helping them enhance performance while reducing development time and costs. Founded in 2007 and headquartered in Quebec City, Canada, LeddarTech maintains a research and development office in Toronto and has secured numerous patents in the field of remote sensing technologies.
eCamion
Venture Round in 2022
eCamion Inc. develops and manufactures energy storage solutions, focusing on the integration of lithium-ion battery systems. The company offers a range of products, including energy storage systems for solar and wind power projects, as well as off-grid and microgrid applications. In addition to its core products, eCamion provides idling technologies, auxiliary power solutions, and charging stations. The company also offers comprehensive energy management consulting services, covering strategic, commercial, and regulatory advice, along with pre-design, design consulting, and project management for various sectors, including industrial, commercial, and residential. eCamion is based in Markham, Canada, with additional offices in Ontario, and serves customers primarily in North America. Founded in 2009, the company emphasizes operational flexibility and efficiency in its solutions.
GaN Systems
Venture Round in 2021
GaN Systems Inc. is a semiconductor company based in Ottawa, Canada, specializing in the development and manufacturing of gallium nitride power switching transistors. The company offers a variety of products, including 650 V and 100 V E-HEMT transistors and wireless power amplifiers, which are utilized in diverse applications such as consumer electronics, industrial systems, renewable energy sources, and transportation power conversion. GaN Systems aims to address significant challenges in power system efficiency and size limitations, enabling industries to reduce costs and enhance energy efficiency. The company serves a global market, including manufacturers in Japan, Taiwan, and China, with additional offices in Japan, China, and Germany. Established in 2008, GaN Systems continues to innovate in the clean technology power conversion sector.
PathFactory
Private Equity Round in 2021
PathFactory Inc. operates a content marketing automation platform designed to enhance the efficiency of the B2B buying process. Founded in 2012 and based in Toronto, Canada, the company enables marketers to deliver relevant content experiences that guide buyers through their unique journeys. By facilitating the binge consumption of content, PathFactory reduces friction and accelerates the buying process. The platform leverages data insights to optimize content delivery across various channels, allowing marketers to provide hyper-relevant, real-time content recommendations. This approach not only helps in generating qualified leads but also shortens sales cycles and increases marketing's contribution to revenue. PathFactory was previously known as LookBookHQ Inc. before rebranding in May 2018.
Swift Medical
Series B in 2021
Swift Medical Inc. is a Toronto-based company specializing in digital wound care technology aimed at enhancing the prevention, treatment, and management of wounds. Its flagship product, a mobile application called Swift, enables healthcare providers to accurately measure and document wound progression through advanced imaging and real-time image sharing. The application employs artificial intelligence to assess wound characteristics, including circumference and type, facilitating comprehensive analysis for wound specialists. By providing standardized and accessible wound care solutions, Swift Medical aims to improve patient outcomes and support healthcare providers in delivering effective wound management.
SkyWatch
Series B in 2021
SkyWatch is a company that offers a digital infrastructure for the distribution of Earth observation data and derived intelligence. Founded in 2014 and headquartered in Waterloo, Ontario, SkyWatch has developed a satellite data intelligence platform that makes satellite data accessible to a wide range of users. Its platform enables developers to integrate Earth observation data into their applications and workflows cost-effectively. By providing access to remote sensing datasets, SkyWatch assists users in analyzing satellite data for various applications, including monitoring agricultural progress, predicting market trends, tracking maritime and aerial movements, and assessing global warming.
KOHO
Series C in 2021
Koho Financial Inc., established in 2014 and based in Toronto, Canada, is a financial technology company specializing in affordable banking services. It offers customers a reloadable Visa debit card and a user-friendly mobile app, equipped with tools and suggestions to help manage spending, set financial goals, track cash flow, and gain insights into expenses.
Dejero
Venture Round in 2021
Dejero is a company that focuses on providing reliable video and networking solutions to ensure uninterrupted internet connectivity for critical communications. Founded in 2008 and headquartered in Waterloo, Ontario, Dejero utilizes intelligent network aggregation technology to combine various telecommunication networks, including 4G/5G cellular, satellite, and fixed broadband. This approach results in a software-defined "network of networks" that enhances reliability, expands coverage, and increases bandwidth for its global clientele. Dejero specializes in routers and network blending software, enabling the transport of live and recorded video from cameras over multiple connections. This capability allows clients to broadcast live events and share feeds from remote locations, facilitating effective online collaboration and secure data exchange.
Symend
Series B in 2021
Symend Inc. is a company that specializes in debt recovery solutions through its innovative software platform. Established in 2016 and headquartered in Calgary, Canada, with additional offices in Toronto and Denver, Symend focuses on enhancing the debt collection process by utilizing automation, predictive analytics, and behavioral science. The platform aims to minimize debt delinquency while ensuring a positive experience for all stakeholders. It offers tools for treatment planning, campaign management, and self-service options, allowing businesses in sectors such as financial services, telecommunications, and utilities to engage customers effectively. By creating personalized interactions, Symend empowers individuals to manage their debts through flexible repayment options, ultimately fostering better financial outcomes and strengthening customer relationships.
R-Hauz Solutions
Seed Round in 2020
R-Hauz Solutions Inc. is a Toronto-based company established in 2017 that focuses on addressing housing affordability in urban areas. It provides innovative real estate products designed for developers and property owners, including six-storey avenue townhomes and two-storey laneway suites. By leveraging the city’s development guidelines, R-Hauz empowers urban landowners and families to meet their housing needs through a unique approach known as housing-as-a-product. Their V2 and V6 offerings facilitate the creation of additional housing options in Toronto, utilizing off-site construction methods that ensure elegant design at an affordable price. Through these solutions, R-Hauz contributes to increasing the housing supply in a manner that is both practical and responsive to diverse urban needs.
ApplyBoard
Series C in 2020
ApplyBoard is a technology company that facilitates the study abroad process for international students by connecting them with recruitment partners and educational institutions through a unified platform. The company simplifies the application journey, assisting students from around the globe in discovering, applying to, and enrolling in universities in North America. Founded eight years ago, ApplyBoard has rapidly expanded, employing over 1,200 team members and establishing a presence in 30 countries, including India, China, and the United States. In 2023, it received recognition from Deloitte as one of Canada’s fastest-growing technology companies for the fifth consecutive year, highlighting its significant impact on the education sector and its commitment to empowering students worldwide. The company's headquarters is located in Kitchener, Ontario, with an additional office in Gurugram, India.
Sol Cuisine
Private Equity Round in 2020
Sol Cuisine Inc. is a Canadian company based in Mississauga, established in 1980, that specializes in the production of vegetarian, vegan, halal, gluten-free, and organic frozen and fresh meat alternatives. The company's product range includes items such as fattoush salad, various aioli sauces, vegan maki, vegan poutine, and savory morning swirls. Sol Cuisine aims to create high-quality, delicious foods using local and environmentally sustainable ingredients, providing consumers with nutritious and animal-friendly options that are designed to be superior to both meat-based products and other plant-based alternatives.
Cinchy
Series A in 2020
Cinchy Inc. is a Toronto-based company that provides a data collaboration platform designed to enhance data management and protection through a networked architecture known as data fabric technology. Established in 2014, Cinchy enables organizations to connect various data sources while allowing real-time collaboration among systems and users without the need for separate application databases. The platform addresses the challenges of data silos by transforming data into a federated network, facilitating the co-production of data and streamlining processes that typically involve time-consuming and error-prone integrations. With applications across diverse sectors, including banking, retail, and higher education, Cinchy supports critical projects such as data governance, operationalizing AI technologies, and modernizing legacy systems. The company’s approach not only improves efficiency and reduces costs but also enhances data quality and security, ultimately allowing businesses to leverage their data assets more effectively.
ApplyBoard
Series C in 2020
ApplyBoard is a technology company that facilitates the study abroad process for international students by connecting them with recruitment partners and educational institutions through a unified platform. The company simplifies the application journey, assisting students from around the globe in discovering, applying to, and enrolling in universities in North America. Founded eight years ago, ApplyBoard has rapidly expanded, employing over 1,200 team members and establishing a presence in 30 countries, including India, China, and the United States. In 2023, it received recognition from Deloitte as one of Canada’s fastest-growing technology companies for the fifth consecutive year, highlighting its significant impact on the education sector and its commitment to empowering students worldwide. The company's headquarters is located in Kitchener, Ontario, with an additional office in Gurugram, India.
Tehama
Series A in 2020
Tehama Inc. is a company based in Ottawa, Canada, established in 2018, that specializes in developing a cloud-based platform for creating automated virtual work environments. This platform enables businesses to easily establish virtual offices, rooms, and desktops accessible from any web browser and device. By focusing on desktop-as-a-service, Tehama provides solutions that enhance remote work capabilities while ensuring high levels of security and compliance. The platform is designed to facilitate the seamless integration of global workforces, allowing enterprises to manage remote workers efficiently. Key features include secure access, comprehensive audit trails, real-time activity monitoring, and session recordings, all aimed at maintaining productivity and long-term business success.
SkyWatch
Series A in 2020
SkyWatch is a company that offers a digital infrastructure for the distribution of Earth observation data and derived intelligence. Founded in 2014 and headquartered in Waterloo, Ontario, SkyWatch has developed a satellite data intelligence platform that makes satellite data accessible to a wide range of users. Its platform enables developers to integrate Earth observation data into their applications and workflows cost-effectively. By providing access to remote sensing datasets, SkyWatch assists users in analyzing satellite data for various applications, including monitoring agricultural progress, predicting market trends, tracking maritime and aerial movements, and assessing global warming.
Spartan Bioscience
Venture Round in 2020
Spartan Bioscience Inc. specializes in the design and manufacture of rapid sample-to-result DNA testing systems. Founded in 2005 and based in Ottawa, Canada, the company offers a fully integrated technology that combines DNA collection, extraction, and analysis, all presented through an intuitive interface for ease of use. One of its notable products is the CYP2C19 system, which assists clinicians in determining therapeutic strategies for patients.
TouchBistro
Series E in 2019
TouchBistro, Inc. is a company that specializes in developing iPad-based point-of-sale (POS) solutions tailored for the food and beverage industry, including restaurants, cafes, bars, and food trucks. Founded in 2010 and headquartered in New York, with an additional office in Toronto, TouchBistro provides various POS systems, such as Restaurant POS, Food Truck POS, and Bar POS, which streamline order management and payment processing. Its innovative system allows servers to take orders directly at the table, reducing the need for multiple trips to a terminal and minimizing errors. Additionally, TouchBistro offers features like TouchBistro Reservations for guest management, cloud-based reporting and analytics, and customer-facing displays, enhancing both operational efficiency and customer experience. The company's products are available through the Apple App Store in the United States and internationally.
BlueDot
Series A in 2019
BlueDot Inc. is a data analytics company based in Toronto, Canada, specializing in infectious disease monitoring and response. Founded in 2008 and formerly known as BioDiaspora Inc., BlueDot employs a combination of artificial intelligence and human expertise to analyze over 190 infectious diseases worldwide. The company provides critical insights by integrating various datasets, including disease outbreaks, healthcare facilities, local mobility patterns, animal populations, and climate data. Its early warning system helps public and private organizations identify potential infectious disease threats, allowing them to respond effectively without overreacting or underreacting. By delivering comprehensive data analytics solutions, BlueDot aims to enhance global preparedness against infectious diseases.
LeddarTech
Convertible Note in 2018
LeddarTech Inc. is a Canadian company that specializes in developing advanced detection and ranging systems, utilizing time-of-flight measurement technology with infrared LEDs. Its product offerings include smart sensor modules for various applications, such as single-element and multi-element sensor modules, LED-based traffic management sensors, and sensor evaluation kits. These solutions are designed for a wide range of applications, including advanced driver assistance systems (ADAS), autonomous driving, public safety, and industrial monitoring. LeddarTech's flagship platform, LeddarVision™, integrates multiple sensor types to create comprehensive 3D environmental models, facilitating improved perception and navigation capabilities in vehicles. The company aims to address critical sensing challenges for OEMs and automotive suppliers, helping them enhance performance while reducing development time and costs. Founded in 2007 and headquartered in Quebec City, Canada, LeddarTech maintains a research and development office in Toronto and has secured numerous patents in the field of remote sensing technologies.
Cinchy
Seed Round in 2018
Cinchy Inc. is a Toronto-based company that provides a data collaboration platform designed to enhance data management and protection through a networked architecture known as data fabric technology. Established in 2014, Cinchy enables organizations to connect various data sources while allowing real-time collaboration among systems and users without the need for separate application databases. The platform addresses the challenges of data silos by transforming data into a federated network, facilitating the co-production of data and streamlining processes that typically involve time-consuming and error-prone integrations. With applications across diverse sectors, including banking, retail, and higher education, Cinchy supports critical projects such as data governance, operationalizing AI technologies, and modernizing legacy systems. The company’s approach not only improves efficiency and reduces costs but also enhances data quality and security, ultimately allowing businesses to leverage their data assets more effectively.
CrowdRiff
Series A in 2018
CrowdRiff is a visual marketing platform specifically designed for travel and tourism brands, founded in 2011 and based in Toronto, Canada. The platform utilizes artificial intelligence to help marketers discover and deliver high-performing visual content across various marketing channels. By combining image discovery, digital asset management, and efficient content delivery, CrowdRiff allows users to source and share visuals that resonate with their target audiences. This capability enables brands to effectively enhance their marketing efforts through the strategic use of compelling imagery.
Relogix
Seed Round in 2018
Relogix Inc., founded in 2010 and based in Ottawa, Canada, specializes in developing sensor-based devices for monitoring and tracking unused office spaces. The company offers a comprehensive solution that includes UtiLive, a system utilizing space tracking sensors and a machine learning analytics engine for data analysis. Relogix operates on a sensor-as-a-service model, which encompasses floor planning, deployment of sensor devices, and ongoing monitoring through a cloud-based application. The company's offerings are designed to support large enterprises and commercial real estate portfolios, enabling clients to make informed, data-driven decisions regarding their real estate strategies. Relogix's innovative workplace insights platform, Conexus, and advanced IoT occupancy sensors aim to enhance the workplace experience and optimize real estate utilization.
TouchBistro
Series D in 2018
TouchBistro, Inc. is a company that specializes in developing iPad-based point-of-sale (POS) solutions tailored for the food and beverage industry, including restaurants, cafes, bars, and food trucks. Founded in 2010 and headquartered in New York, with an additional office in Toronto, TouchBistro provides various POS systems, such as Restaurant POS, Food Truck POS, and Bar POS, which streamline order management and payment processing. Its innovative system allows servers to take orders directly at the table, reducing the need for multiple trips to a terminal and minimizing errors. Additionally, TouchBistro offers features like TouchBistro Reservations for guest management, cloud-based reporting and analytics, and customer-facing displays, enhancing both operational efficiency and customer experience. The company's products are available through the Apple App Store in the United States and internationally.
ecobee
Series C in 2018
ecobee, Inc. is a Canadian company based in Toronto that specializes in manufacturing Wi-Fi enabled smart thermostats and light automation equipment for both residential and commercial use. Founded in 2007, ecobee offers a range of products including the SmartThermostat with voice control, ecobee3 lite, SmartSensor, and ecobee Switch+. These devices allow users to customize temperature settings and manage their energy consumption remotely via a mobile application available on various platforms such as iOS and Android. By providing intelligent energy management solutions, ecobee aims to enhance comfort while promoting energy conservation, thus enabling customers to understand and reduce their energy usage effectively. The company sells its products primarily through online channels.
Swift Medical
Series A in 2018
Swift Medical Inc. is a Toronto-based company specializing in digital wound care technology aimed at enhancing the prevention, treatment, and management of wounds. Its flagship product, a mobile application called Swift, enables healthcare providers to accurately measure and document wound progression through advanced imaging and real-time image sharing. The application employs artificial intelligence to assess wound characteristics, including circumference and type, facilitating comprehensive analysis for wound specialists. By providing standardized and accessible wound care solutions, Swift Medical aims to improve patient outcomes and support healthcare providers in delivering effective wound management.
Equispheres
Venture Round in 2018
Equispheres Inc. is a Canadian company based in Ottawa, established in 2015, that specializes in the development, manufacture, and marketing of high-performance spherical metal powders for additive manufacturing and metal spray applications, particularly in the aerospace and automotive sectors. The company employs a patent-pending atomization technology that produces uniform, agglomerate-free metal powders with specific characteristics, such as narrow particle size distribution and excellent sphericity. These features enhance the flowability and microstructure of the powders, improving the quality of end products without the need for additional processing like sieving. Equispheres aims to enable manufacturers to fully realize the potential of industrial additive manufacturing while reducing production costs and increasing efficiency.
Wattpad
Venture Round in 2018
Wattpad is a digital entertainment company that operates an online social storytelling platform focused on original narratives. Established in 2006 in Toronto, Canada, Wattpad fosters a community of over 65 million users who engage with stories for more than 20 billion minutes each month. The primary app allows users to read and write stories, facilitating collaboration through comments and multimedia interactions. In addition to its flagship platform, Wattpad offers Tap, a product for short, chat-based stories available in multiple languages. Wattpad Studios collaborates with industry partners to adapt stories for film, television, digital media, and print. Furthermore, Wattpad Brand Solutions provides advertising options aimed at enhancing engagement with Millennial and Gen Z audiences.
Tealbook
Seed Round in 2018
Tealbook, Inc. is an online supplier knowledge management and procurement platform headquartered in Toronto, Canada. Founded in 2014, the company provides a centralized system that consolidates credible and up-to-date information about suppliers, enabling procurement teams to identify and connect with qualified suppliers. The platform offers a comprehensive view of supplier data, including company details, product offerings, diversity status, and client recommendations. It also integrates with various enterprise resource planning systems and procurement tools, enhancing the visibility and knowledge of preferred suppliers. Tealbook's innovations have garnered industry recognition, such as being included in the CIX Top 20 and the Gartner Cool Vendor list. Through its services, Tealbook aims to improve buyer-supplier relations and streamline the procurement process for enterprises.
Mimosa
Seed Round in 2018
MIMOSA Diagnostics Inc. is a Toronto-based company established in 2016 that specializes in the development of a multispectral mobile tissue assessment device. The company's flagship product, the MIMOSA Pro, is a handheld device that utilizes near-infrared light to non-invasively evaluate tissue health by visualizing biomarkers such as oximetry and temperature beneath the skin's surface, regardless of skin color. This technology aims to enhance patient care by providing immediate insights that can inform treatment decisions, thereby improving outcomes for patients, particularly for those with diabetes who need to monitor their foot health. The device is designed for easy use by both patients and caregivers, streamlining the process of assessing tissue health without the need for extensive testing or long wait times.
Hubdoc
Seed Round in 2017
Hubdoc Inc. is a technology company based in Toronto, Canada, that specializes in automating the collection and processing of financial documents for small and medium-sized businesses, as well as accountants and bookkeepers. Founded in 2011, Hubdoc offers a mobile application that allows users to capture financial documents, such as receipts, bills, and invoices, by taking photos or uploading files. The application utilizes cloud computing and machine learning to convert these documents into organized, usable data, streamlining financial reporting, reconciliation, and audit processes. By simplifying document management, Hubdoc enables businesses to focus more on their operations and less on administrative tasks. The company became a subsidiary of Xero Limited in August 2018.
Element AI
Series A in 2017
Element AI Inc. is an artificial intelligence company based in Montreal, Canada, with an additional office in Toronto. Founded in 2016, Element AI specializes in providing AI solutions that help organizations identify opportunities for artificial intelligence and machine learning integration. The company operates an AI as a Service (AIaaS) platform, enabling businesses to launch and develop AI solutions in collaboration with large corporations. Its offerings span various industries, including insurance, banking, manufacturing, logistics, retail, and consumer packaged goods. Element AI emphasizes the operationalization of AI by delivering software products that enhance decision-making and improve business agility. The company also conducts research and development to advance AI technology and maintains partnerships with academic institutions to foster innovation. Through its systems integrator approach, Element AI assists organizations in implementing and commercializing AI solutions tailored to their specific needs.
TouchBistro
Series C in 2017
TouchBistro, Inc. is a company that specializes in developing iPad-based point-of-sale (POS) solutions tailored for the food and beverage industry, including restaurants, cafes, bars, and food trucks. Founded in 2010 and headquartered in New York, with an additional office in Toronto, TouchBistro provides various POS systems, such as Restaurant POS, Food Truck POS, and Bar POS, which streamline order management and payment processing. Its innovative system allows servers to take orders directly at the table, reducing the need for multiple trips to a terminal and minimizing errors. Additionally, TouchBistro offers features like TouchBistro Reservations for guest management, cloud-based reporting and analytics, and customer-facing displays, enhancing both operational efficiency and customer experience. The company's products are available through the Apple App Store in the United States and internationally.
Tealbook
Seed Round in 2017
Tealbook, Inc. is an online supplier knowledge management and procurement platform headquartered in Toronto, Canada. Founded in 2014, the company provides a centralized system that consolidates credible and up-to-date information about suppliers, enabling procurement teams to identify and connect with qualified suppliers. The platform offers a comprehensive view of supplier data, including company details, product offerings, diversity status, and client recommendations. It also integrates with various enterprise resource planning systems and procurement tools, enhancing the visibility and knowledge of preferred suppliers. Tealbook's innovations have garnered industry recognition, such as being included in the CIX Top 20 and the Gartner Cool Vendor list. Through its services, Tealbook aims to improve buyer-supplier relations and streamline the procurement process for enterprises.
Next AI
Venture Round in 2017
NextAI is an accelerator and founder development program based in Montréal and Toronto, designed for early-stage AI-enabled startups. It targets exceptional teams and individuals from around the globe who aim to commercialize AI research and establish global enterprises. As an innovation hub, NextAI leverages Canada's strong position in artificial intelligence to provide these startups with essential resources, including capital, mentorship, education, and a robust network of business leaders and entrepreneurs. Participating teams can access up to $200,000 in funding, guidance from renowned faculty and scientists, and state-of-the-art AI tools, all aimed at fostering disruptive innovation in various industries.
Zighra
Seed Round in 2016
Zighra Inc. is a mobile security company based in Ottawa, Canada, founded in 2009. The company specializes in continuous authentication and fraud detection, offering a platform that enhances security while improving user experience. Zighra's technology employs unique digital signatures and adaptive intelligence to provide an invisible layer of security, eliminating the need for traditional passwords. This innovative approach enables clients to automatically recognize users and identify potential cyber threats, allowing for a swift response to unauthorized access. Overall, Zighra focuses on safeguarding user identities and protecting against cyber attacks.
Encycle
Venture Round in 2016
Encycle Corporation specializes in wireless electrical demand management solutions for commercial and industrial facilities. Based in Toronto with offices in California and the UK, the company offers automated demand response controllers that manage peak electrical demand across various building equipment types. Their products are installed directly or via distributors in California and New York, serving clients such as retail stores, office buildings, distribution centers, and food processing plants. Encycle's strategic partnership with Ayla Networks enhances its product offerings. Founded in 2005, the company changed its name from REGEN Energy Inc. to Encycle Corporation in 2015.
Big Viking Games
Debt Financing in 2016
Big Viking Games is a prominent developer of free-to-play social and mobile games, focusing on HTML5 technology to create a unified gaming experience across various platforms, including iOS, Android, Facebook, and mobile web. Founded in 2011 by serial entrepreneur Albert Lai and industry veteran Greg Thomson, the company has expanded to employ over 100 individuals in its Toronto and London offices. Big Viking Games has achieved profitability and is recognized for its exceptional workplace culture, consistently being listed among the top employers in Canada. The company aims to enable game enthusiasts to easily access and enjoy its titles through direct downloads from application stores.
Wave
Venture Round in 2016
Wave makes running a small business better by providing free accounting, invoicing, affordable credit card processing (payments) and payroll. Over 3 million small business owners, in more than 200 countries around the world, rely on WaveApps to run their business. Wave was founded in 2009 and is headquartered in Toronto, Canada.
TouchBistro
Series B in 2016
TouchBistro, Inc. is a company that specializes in developing iPad-based point-of-sale (POS) solutions tailored for the food and beverage industry, including restaurants, cafes, bars, and food trucks. Founded in 2010 and headquartered in New York, with an additional office in Toronto, TouchBistro provides various POS systems, such as Restaurant POS, Food Truck POS, and Bar POS, which streamline order management and payment processing. Its innovative system allows servers to take orders directly at the table, reducing the need for multiple trips to a terminal and minimizing errors. Additionally, TouchBistro offers features like TouchBistro Reservations for guest management, cloud-based reporting and analytics, and customer-facing displays, enhancing both operational efficiency and customer experience. The company's products are available through the Apple App Store in the United States and internationally.
Repable
Convertible Note in 2016
Repable, Inc. is an analytics company based in Toronto, Canada, specializing in the gaming industry. Founded in 2015 by Sean Power and Heather Anne Carson, Repable offers a platform that provides insights and analytics for broadcasters, teams, and enterprises. The company's services focus on understanding the financial and social impact of interactions within the gaming and streaming sectors. Utilizing an independent data engine, Repable analyzes the entire esports and live game streaming ecosystem, enabling its users to gain a comprehensive understanding of their engagements with fans and the broader public.
Shoelace
Seed Round in 2016
Shoelace offers a software solution that enables online merchants to easily conduct retargeting campaigns. The company helps fast growing Shopify brands boost sales by showing the right customers, the right ads at the right time with customer journey retargeting. Shoelace was founded on 2015 and is headquartered in Toronto, Ontario.
Wave
Series C in 2016
Wave makes running a small business better by providing free accounting, invoicing, affordable credit card processing (payments) and payroll. Over 3 million small business owners, in more than 200 countries around the world, rely on WaveApps to run their business. Wave was founded in 2009 and is headquartered in Toronto, Canada.
CrowdRiff
Seed Round in 2016
CrowdRiff is a visual marketing platform specifically designed for travel and tourism brands, founded in 2011 and based in Toronto, Canada. The platform utilizes artificial intelligence to help marketers discover and deliver high-performing visual content across various marketing channels. By combining image discovery, digital asset management, and efficient content delivery, CrowdRiff allows users to source and share visuals that resonate with their target audiences. This capability enables brands to effectively enhance their marketing efforts through the strategic use of compelling imagery.
Influitive
Series B in 2016
Influitive Corporation, established in 2010 and headquartered in Toronto, Canada, with offices in Menlo Park, California, and Boston, Massachusetts, specializes in advocate marketing software solutions for B2B software and technology firms. Its flagship product, AdvocateHub, facilitates the creation of advocate communities, enabling customers, partners, and employees to engage in challenges such as referrals, reviews, and reference calls. This software integrates with Salesforce.com for activity tracking and is available via web portal or mobile app. Influitive also offers consulting services, providing coaching and training to help businesses implement and advance their advocate marketing strategies.
Wattpad
Venture Round in 2016
Wattpad is a digital entertainment company that operates an online social storytelling platform focused on original narratives. Established in 2006 in Toronto, Canada, Wattpad fosters a community of over 65 million users who engage with stories for more than 20 billion minutes each month. The primary app allows users to read and write stories, facilitating collaboration through comments and multimedia interactions. In addition to its flagship platform, Wattpad offers Tap, a product for short, chat-based stories available in multiple languages. Wattpad Studios collaborates with industry partners to adapt stories for film, television, digital media, and print. Furthermore, Wattpad Brand Solutions provides advertising options aimed at enhancing engagement with Millennial and Gen Z audiences.
SourceKnowledge
Debt Financing in 2015
SourceKnowledge is a Montreal-based company that operates a programmatic video platform focused on measuring success through post-click behavior. It provides a range of services including Reach, a self-serve video advertising platform; Engage, a performance marketing platform; Cross-Serve, which delivers campaigns across multiple devices; and RunSafe, a brand safety suite. The company aids e-commerce brands in boosting sales by advertising their products on premium digital channels, utilizing proprietary algorithms and machine learning for campaign management. SourceKnowledge emphasizes data transparency, offering clients online analytics and order ID reporting to optimize ad delivery through refined audience segmentation. Founded in 2009, the company has expanded its presence with offices in Toronto, Vancouver, and Los Angeles, serving a diverse clientele globally.
Influitive
Series B in 2015
Influitive Corporation, established in 2010 and headquartered in Toronto, Canada, with offices in Menlo Park, California, and Boston, Massachusetts, specializes in advocate marketing software solutions for B2B software and technology firms. Its flagship product, AdvocateHub, facilitates the creation of advocate communities, enabling customers, partners, and employees to engage in challenges such as referrals, reviews, and reference calls. This software integrates with Salesforce.com for activity tracking and is available via web portal or mobile app. Influitive also offers consulting services, providing coaching and training to help businesses implement and advance their advocate marketing strategies.
Xagenic
Series B in 2015
Xagenic Inc. is a Toronto-based molecular diagnostics company focused on developing innovative technology for decentralized and rapid diagnostic testing. The company aims to enhance patient care by enabling on-demand, near-patient molecular testing, which allows clinicians to make informed treatment decisions during the initial consultation. Xagenic's technology facilitates rapid, enzyme-free detection of nucleic acids from clinical samples, yielding results in just 20 minutes. By commercializing a simple and fully automated platform, Xagenic is positioned to revolutionize diagnostic testing by enabling it to be conducted outside of traditional clinical laboratories. The company is also working on tests for infectious diseases that provide clinically actionable results in a timely manner, thereby improving overall healthcare efficiency and reducing costs.
Influitive
Series B in 2015
Influitive Corporation, established in 2010 and headquartered in Toronto, Canada, with offices in Menlo Park, California, and Boston, Massachusetts, specializes in advocate marketing software solutions for B2B software and technology firms. Its flagship product, AdvocateHub, facilitates the creation of advocate communities, enabling customers, partners, and employees to engage in challenges such as referrals, reviews, and reference calls. This software integrates with Salesforce.com for activity tracking and is available via web portal or mobile app. Influitive also offers consulting services, providing coaching and training to help businesses implement and advance their advocate marketing strategies.
Nicoya Lifesciences
Pre Seed Round in 2015
Nicoya Lifesciences Inc. is a Canadian company based in Kitchener that specializes in developing advanced sensor products for the biotechnology and pharmaceutical industries. Founded in 2012, Nicoya creates instruments designed to analyze biomolecular interactions, including proteins, antibodies, DNA, RNA, and small molecules. Their product lineup includes surface plasmon resonance (SPR) instruments, spectrophotometers, sensor chips, reagents, and accessories, as well as the OpenSPR, a personal label-free biomolecular analysis instrument. In addition to hardware, Nicoya offers software solutions for real-time kinetic analysis, instrument control, and optical peak tracking, enhancing the capabilities of their analytical tools.
GridCure
Seed Round in 2015
GridCure Inc. provides advanced metering infrastructure solutions that enable users to monitor and analyze power usage at both bulk and individual levels. Their offerings include grid health analysis, consumption signal processing, and fraud detection, along with automated communication and alert systems. These solutions facilitate detailed insights into grid performance, energy balancing, load distribution, and peak load detection, as well as individual health and outage detection. Additionally, GridCure's technology supports automated billing processes, integrating big data practices into the power utility sector. The company is headquartered in Toronto, Canada.
Wave
Series C in 2015
Wave makes running a small business better by providing free accounting, invoicing, affordable credit card processing (payments) and payroll. Over 3 million small business owners, in more than 200 countries around the world, rely on WaveApps to run their business. Wave was founded in 2009 and is headquartered in Toronto, Canada.
GaN Systems
Series C in 2015
GaN Systems Inc. is a semiconductor company based in Ottawa, Canada, specializing in the development and manufacturing of gallium nitride power switching transistors. The company offers a variety of products, including 650 V and 100 V E-HEMT transistors and wireless power amplifiers, which are utilized in diverse applications such as consumer electronics, industrial systems, renewable energy sources, and transportation power conversion. GaN Systems aims to address significant challenges in power system efficiency and size limitations, enabling industries to reduce costs and enhance energy efficiency. The company serves a global market, including manufacturers in Japan, Taiwan, and China, with additional offices in Japan, China, and Germany. Established in 2008, GaN Systems continues to innovate in the clean technology power conversion sector.
Solantro Semiconductor
Venture Round in 2015
Solantro Semiconductor Corp. is a semiconductor company based in Ottawa, Canada, specializing in the design and manufacture of integrated circuits for grid applications, particularly in the renewable energy sector. Founded in 2009, the company develops advanced power management chipsets, including analog power managers, maximizer DC controllers, and micro-inverter controllers. These chipsets enhance the functionality of solar panels, transforming them into integrated power generators. Solantro's products support applications such as DC-AC micro-inverters, DC-DC power optimizers, and intelligent photovoltaic (PV) module safety disconnects. In addition to hardware, the company offers software development tools to facilitate the integration of its semiconductor solutions into power electronics and smart grid systems. Solantro serves various clients in the renewable energy and power electronics industries, leveraging its expertise in system architecture and power conversion to promote scalable and efficient energy solutions.
Klipfolio
Series A in 2015
Klipfolio Inc. specializes in providing a cloud-based business intelligence dashboard solution that enables users to monitor key metrics in real time. The Klipfolio Dashboard allows for seamless data connectivity, transformation, and visualization, empowering organizations to make informed decisions based on continuous performance monitoring. The platform integrates with numerous data services to deliver actionable insights, catering to a diverse range of sectors, including technology, healthcare, financial services, and government. Additionally, Klipfolio offers consulting services in design, business analysis, and data visualization, as well as technical training. Founded in 2001 and based in Ottawa, Canada, Klipfolio aims to support businesses of all sizes, from startups to large enterprises, in leveraging data for enhanced decision-making and competitive advantage.
Interface Biologics
Series B in 2015
Interface Biologics, Inc. is a commercial stage company based in Toronto, Canada, that specializes in developing innovative biomedical polymer technologies aimed at enhancing the safety and effectiveness of medical devices. The company’s patent-protected technologies include anti-thrombogenic additives designed for blood-contacting medical devices and polymer-enabled combination drug delivery systems. Interface Biologics has established exclusive licensing agreements for its Endexo™ technology with AngioDynamics for vascular access catheters and with Fresenius Medical Care for chronic dialysis systems. Medical devices incorporating this technology, such as AngioDynamics’ BioFlo PICCS and DuraMax Dialysis Catheter, have received FDA clearance and are gaining market traction. Additionally, the company has a joint venture with Qualimed to develop a drug-coated balloon utilizing its Kinesyx™ technology. Founded in 2001, Interface Biologics operates from the MaRS Innovation Centre and focuses on solutions that reduce infection and thrombus-related complications across various medical specialties, particularly ophthalmology.
Mejuri
Seed Round in 2015
Mejuri Inc. is a Canadian company that specializes in the manufacture and sale of fine jewelry, including rings, necklaces, earrings, bracelets, and engagement pieces. Founded in 2015 and headquartered in Toronto, Mejuri operates showrooms in New York, Toronto, and Chicago, while also offering its products through a direct-to-consumer e-commerce platform. This model allows Mejuri to provide quality handcrafted jewelry at accessible prices by eliminating middlemen and maintaining a fast supply chain that introduces new designs weekly. Committed to exceptional craftsmanship and ethical practices, Mejuri aims to empower women to incorporate luxury into their everyday lives. The company serves customers not only in Canada and the United States but also internationally.
LeddarTech
Venture Round in 2014
LeddarTech Inc. is a Canadian company that specializes in developing advanced detection and ranging systems, utilizing time-of-flight measurement technology with infrared LEDs. Its product offerings include smart sensor modules for various applications, such as single-element and multi-element sensor modules, LED-based traffic management sensors, and sensor evaluation kits. These solutions are designed for a wide range of applications, including advanced driver assistance systems (ADAS), autonomous driving, public safety, and industrial monitoring. LeddarTech's flagship platform, LeddarVision™, integrates multiple sensor types to create comprehensive 3D environmental models, facilitating improved perception and navigation capabilities in vehicles. The company aims to address critical sensing challenges for OEMs and automotive suppliers, helping them enhance performance while reducing development time and costs. Founded in 2007 and headquartered in Quebec City, Canada, LeddarTech maintains a research and development office in Toronto and has secured numerous patents in the field of remote sensing technologies.
Ranovus
Series B in 2014
Ranovus is a provider of advanced interconnect solutions for data centers and communications networks, focusing on multi-terabit capabilities. Founded in 2012 and headquartered in Ottawa, Ontario, the company develops optoelectronics components and transceiver subsystems that utilize Quantum Dot Multi-Wavelength Laser technology in conjunction with digital and photonics integrated circuit technologies. This innovative approach aims to establish new industry standards for power efficiency, compactness, and cost-effectiveness in optical interconnect solutions, addressing the growing demands of the telecommunications sector for enhanced connectivity alternatives.
Encycle
Series B in 2014
Encycle Corporation specializes in wireless electrical demand management solutions for commercial and industrial facilities. Based in Toronto with offices in California and the UK, the company offers automated demand response controllers that manage peak electrical demand across various building equipment types. Their products are installed directly or via distributors in California and New York, serving clients such as retail stores, office buildings, distribution centers, and food processing plants. Encycle's strategic partnership with Ayla Networks enhances its product offerings. Founded in 2005, the company changed its name from REGEN Energy Inc. to Encycle Corporation in 2015.
Xagenic
Series B in 2014
Xagenic Inc. is a Toronto-based molecular diagnostics company focused on developing innovative technology for decentralized and rapid diagnostic testing. The company aims to enhance patient care by enabling on-demand, near-patient molecular testing, which allows clinicians to make informed treatment decisions during the initial consultation. Xagenic's technology facilitates rapid, enzyme-free detection of nucleic acids from clinical samples, yielding results in just 20 minutes. By commercializing a simple and fully automated platform, Xagenic is positioned to revolutionize diagnostic testing by enabling it to be conducted outside of traditional clinical laboratories. The company is also working on tests for infectious diseases that provide clinically actionable results in a timely manner, thereby improving overall healthcare efficiency and reducing costs.
Influitive
Venture Round in 2014
Influitive Corporation, established in 2010 and headquartered in Toronto, Canada, with offices in Menlo Park, California, and Boston, Massachusetts, specializes in advocate marketing software solutions for B2B software and technology firms. Its flagship product, AdvocateHub, facilitates the creation of advocate communities, enabling customers, partners, and employees to engage in challenges such as referrals, reviews, and reference calls. This software integrates with Salesforce.com for activity tracking and is available via web portal or mobile app. Influitive also offers consulting services, providing coaching and training to help businesses implement and advance their advocate marketing strategies.
Klipfolio
Seed Round in 2014
Klipfolio Inc. specializes in providing a cloud-based business intelligence dashboard solution that enables users to monitor key metrics in real time. The Klipfolio Dashboard allows for seamless data connectivity, transformation, and visualization, empowering organizations to make informed decisions based on continuous performance monitoring. The platform integrates with numerous data services to deliver actionable insights, catering to a diverse range of sectors, including technology, healthcare, financial services, and government. Additionally, Klipfolio offers consulting services in design, business analysis, and data visualization, as well as technical training. Founded in 2001 and based in Ottawa, Canada, Klipfolio aims to support businesses of all sizes, from startups to large enterprises, in leveraging data for enhanced decision-making and competitive advantage.
Encycle
Series B in 2014
Encycle Corporation specializes in wireless electrical demand management solutions for commercial and industrial facilities. Based in Toronto with offices in California and the UK, the company offers automated demand response controllers that manage peak electrical demand across various building equipment types. Their products are installed directly or via distributors in California and New York, serving clients such as retail stores, office buildings, distribution centers, and food processing plants. Encycle's strategic partnership with Ayla Networks enhances its product offerings. Founded in 2005, the company changed its name from REGEN Energy Inc. to Encycle Corporation in 2015.
Tacit Innovations
Seed Round in 2014
Tacit Innovations Corp. is a technology company based in Toronto, Canada, founded in 2012. The company focuses on designing and developing mobile applications that enhance the dining experience by allowing users to discover, browse, order, and pay for meals at various restaurants. Among its offerings is Maegan, a mobile platform that facilitates menu browsing, order management, and payment processing. Additionally, the Maegan Mobile application extends restaurant services directly to consumers' mobile devices, promoting a seamless interaction between diners and restaurants. Tacit Innovations is recognized for its innovative approach in leveraging mobile technologies to transform customer engagement and service in the restaurant industry.
Influitive
Venture Round in 2014
Influitive Corporation, established in 2010 and headquartered in Toronto, Canada, with offices in Menlo Park, California, and Boston, Massachusetts, specializes in advocate marketing software solutions for B2B software and technology firms. Its flagship product, AdvocateHub, facilitates the creation of advocate communities, enabling customers, partners, and employees to engage in challenges such as referrals, reviews, and reference calls. This software integrates with Salesforce.com for activity tracking and is available via web portal or mobile app. Influitive also offers consulting services, providing coaching and training to help businesses implement and advance their advocate marketing strategies.
OTI Lumionics
Pre Seed Round in 2014
OTI Lumionics Inc. is a Toronto-based company founded in 2011, specializing in the development of organic light emitting diode (OLED) lighting solutions for various applications. The company focuses on innovative products, including transparent displays, under panel sensors, and under display cameras. Among its notable offerings is the aerelight A1 OLED Lamp, which integrates a LED desk lamp design with a wireless charger. OTI Lumionics utilizes advanced technologies such as HaloTorr and ElektroTorr to enhance its product capabilities. The company was established by a team of accomplished researchers and engineers from the University of Toronto's Department of Materials Science & Engineering, aiming to unlock the full potential of OLED technology.
Solantro Semiconductor
Grant in 2013
Solantro Semiconductor Corp. is a semiconductor company based in Ottawa, Canada, specializing in the design and manufacture of integrated circuits for grid applications, particularly in the renewable energy sector. Founded in 2009, the company develops advanced power management chipsets, including analog power managers, maximizer DC controllers, and micro-inverter controllers. These chipsets enhance the functionality of solar panels, transforming them into integrated power generators. Solantro's products support applications such as DC-AC micro-inverters, DC-DC power optimizers, and intelligent photovoltaic (PV) module safety disconnects. In addition to hardware, the company offers software development tools to facilitate the integration of its semiconductor solutions into power electronics and smart grid systems. Solantro serves various clients in the renewable energy and power electronics industries, leveraging its expertise in system architecture and power conversion to promote scalable and efficient energy solutions.
Roadmunk
Seed Round in 2013
Roadmunk Inc. is a Toronto-based company that specializes in visual roadmap software for product management. Founded in 2013, it offers an online tool that allows product managers and stakeholders to create and manage various types of roadmaps, including sprint, project, and release roadmaps. The software facilitates collaboration across multiple teams through comprehensive sharing features and two-way data integration with Jira. Additionally, Roadmunk supports multiple export formats such as PDF, PowerPoint, HTML, and PNG, enhancing the accessibility of product planning. By promoting transparency and enabling organizations to visualize their strategic plans, Roadmunk aims to streamline product portfolio management.
Ranovus
Series A in 2013
Ranovus is a provider of advanced interconnect solutions for data centers and communications networks, focusing on multi-terabit capabilities. Founded in 2012 and headquartered in Ottawa, Ontario, the company develops optoelectronics components and transceiver subsystems that utilize Quantum Dot Multi-Wavelength Laser technology in conjunction with digital and photonics integrated circuit technologies. This innovative approach aims to establish new industry standards for power efficiency, compactness, and cost-effectiveness in optical interconnect solutions, addressing the growing demands of the telecommunications sector for enhanced connectivity alternatives.
Solantro Semiconductor
Venture Round in 2013
Solantro Semiconductor Corp. is a semiconductor company based in Ottawa, Canada, specializing in the design and manufacture of integrated circuits for grid applications, particularly in the renewable energy sector. Founded in 2009, the company develops advanced power management chipsets, including analog power managers, maximizer DC controllers, and micro-inverter controllers. These chipsets enhance the functionality of solar panels, transforming them into integrated power generators. Solantro's products support applications such as DC-AC micro-inverters, DC-DC power optimizers, and intelligent photovoltaic (PV) module safety disconnects. In addition to hardware, the company offers software development tools to facilitate the integration of its semiconductor solutions into power electronics and smart grid systems. Solantro serves various clients in the renewable energy and power electronics industries, leveraging its expertise in system architecture and power conversion to promote scalable and efficient energy solutions.
RAUR
Seed Round in 2013
RAUR is a web-based social publishing platform focused on podcasts, designed to enhance the processes of discovery, listening, and content creation. Launched in October 2012 and based in Toronto, Ontario, the platform allows users to share their listening experiences with a diverse array of creators, including comedians, musicians, writers, and DJs. RAUR streamlines the podcasting experience by consolidating feeds from popular shows and providing tools for users to generate their own live and recorded audio content. This functionality enables listeners to publish live audio and access content across various devices, fostering a vibrant community around audio storytelling and performance.
Opencare
Seed Round in 2013
Opencare Inc. operates a healthcare discovery platform that connects patients with healthcare providers in North America, primarily focusing on dental services. Founded in 2012 and based in Toronto, Canada, the company's platform allows users to find and book appointments online with a variety of healthcare professionals, including dentists, chiropractors, massage therapists, physiotherapists, and optometrists. By transforming the dental industry, Opencare aims to provide patients with confidence in receiving high-quality care while also facilitating practice growth for top dentists. The platform streamlines interactions between patients and providers, ensuring a convenient and rewarding experience for all users. Opencare was previously known as HealthKiwi Inc. before rebranding in March 2018.
BrandProject
Venture Round in 2013
BrandProject, established in 2013, is a Toronto-based venture capital firm that invests in early-stage consumer-focused companies across North America. It typically serves as the first institutional investor, often being the sole investor in a round. The firm has backed innovative consumer brands such as Daily Harvest, Freshly, and Ritual, focusing on sectors like consumer products, services, and technology.
LeddarTech
Series B in 2013
LeddarTech Inc. is a Canadian company that specializes in developing advanced detection and ranging systems, utilizing time-of-flight measurement technology with infrared LEDs. Its product offerings include smart sensor modules for various applications, such as single-element and multi-element sensor modules, LED-based traffic management sensors, and sensor evaluation kits. These solutions are designed for a wide range of applications, including advanced driver assistance systems (ADAS), autonomous driving, public safety, and industrial monitoring. LeddarTech's flagship platform, LeddarVision™, integrates multiple sensor types to create comprehensive 3D environmental models, facilitating improved perception and navigation capabilities in vehicles. The company aims to address critical sensing challenges for OEMs and automotive suppliers, helping them enhance performance while reducing development time and costs. Founded in 2007 and headquartered in Quebec City, Canada, LeddarTech maintains a research and development office in Toronto and has secured numerous patents in the field of remote sensing technologies.
VarageSale
Seed Round in 2013
VarageSale, Inc. operates an online platform that facilitates the buying and selling of used items within local communities. Founded in 2012 and based in Toronto, Canada, the company allows users to create interest-based groups where members can list items for sale, engage in discussions, and make purchases. The platform is designed to be family-friendly and free to use, available on both web and mobile applications across various devices. With millions of members in communities throughout the United States, Canada, and beyond, VarageSale aims to foster connections among users while offering goods at lower prices than retail. The company has been positioned as a subsidiary of VerticalScope Inc. since 2017.
MedCurrent
Seed Round in 2013
MedCurrent Corporation is a Toronto-based company that specializes in medical appropriateness decision support solutions for radiologists and imaging facilities. Founded in 2003, MedCurrent offers OrderRight, a radiology decision support system that assists physicians in selecting appropriate radiology procedures for patients, facilitates the delivery of essential clinical information to imaging facilities, and aids payers in managing pre-authorization processes and ensuring compliance with established guidelines. The platform is designed to enhance clinical decision-making by integrating real-time, evidence-based guidance within existing clinical workflows at the point of care. MedCurrent's technology emphasizes deep integration with electronic medical records, ensuring ease of use and configurability, which positions the company as a leader in the clinical decision support sector. Its products are marketed directly to payers, healthcare providers, and partners, including vendors of electronic medical record systems.
ResponseTek
Venture Round in 2013
ResponseTek Networks Corp. is a leading provider of Customer Experience Management (CEM) software, focused on enhancing customer satisfaction by transforming customer feedback into actionable insights. The ResponseTek Listening Platform connects major corporations, including HSBC and Vodafone, with their customers across various touchpoints such as retail, call centers, and online services. By employing diverse methods, including SMS surveys and social media monitoring, ResponseTek enables organizations to obtain a comprehensive view of the customer experience, supported by both quantitative data and qualitative feedback. Headquartered in Vancouver, the company also has offices in Toronto and London, UK, and aims to integrate customer experience data across organizations to eliminate information silos and foster improvements in customer satisfaction.
Tacit Innovations
Seed Round in 2013
Tacit Innovations Corp. is a technology company based in Toronto, Canada, founded in 2012. The company focuses on designing and developing mobile applications that enhance the dining experience by allowing users to discover, browse, order, and pay for meals at various restaurants. Among its offerings is Maegan, a mobile platform that facilitates menu browsing, order management, and payment processing. Additionally, the Maegan Mobile application extends restaurant services directly to consumers' mobile devices, promoting a seamless interaction between diners and restaurants. Tacit Innovations is recognized for its innovative approach in leveraging mobile technologies to transform customer engagement and service in the restaurant industry.
Canopy Labs
Seed Round in 2012
Canopy Labs Software Inc. offers a predictive customer analytics platform designed for small and mid-sized enterprises. Founded in 2012 and based in Toronto, Canada, the company assists businesses in analyzing data to forecast customer preferences and churn rates. The platform enables users to develop customer models, plan sales campaigns, and optimize lead lists, ultimately aiming to enhance revenue and sales growth. By providing tools for marketing strategy and audience analysis, Canopy Labs has supported numerous companies in effectively understanding and engaging with their customers. As of November 2018, Canopy Labs operates as a subsidiary of Drop Technologies Inc.
Openera
Seed Round in 2012
Openera Inc. is a Canadian company that specializes in developing mobile applications designed to enhance file management and organization. Founded in 2011 and based in Kanata, Openera's product suite includes FileFinder, which locates and shares files from various sources, AutoFile, which automatically saves, organizes, and backs up files and email attachments across multiple cloud services, and FileAnalytics, which provides insights into file and cloud storage usage. The platform integrates seamlessly with popular cloud storage services like Dropbox, Box, and Google Drive, allowing users to establish rules for automatic organization of their digital assets. Targeting professionals and small to medium-sized businesses, Openera operates on a freemium and Software as a Service (SaaS) business model, enabling clients to enhance productivity and maintain compliance with corporate requirements by simplifying file management processes. As of late 2013, Openera functions as a subsidiary of LiveQoS Incorporated.
Encycle Therapeutics
Seed Round in 2012
Encycle Therapeutics is a biotechnology company based in Toronto, Canada, focused on developing drug-like macrocycles and membrane-permeable nacellins through its innovative platform technology. This approach allows for the rapid synthesis of nacellins, which have the potential to effectively target intracellular protein-protein interactions that are difficult to address with traditional small molecules and biologics. Encycle's nacellins can serve as cost-effective, oral alternatives to existing biologics, such as monoclonal antibodies. The company collaborates with various pharmaceutical firms to create a screening library of nacellins, many of which exhibit desirable drug-like properties. Encycle is actively developing nacellins aimed at treating integrin alpha-4-beta-7 related inflammatory bowel disease and SMURF2 associated fibrosis, with a focus on producing orally bioavailable inhibitors that promise improved safety and reduced immunogenicity compared to current biologic therapies targeting the same protein.
Encycle
Venture Round in 2012
Encycle Corporation specializes in wireless electrical demand management solutions for commercial and industrial facilities. Based in Toronto with offices in California and the UK, the company offers automated demand response controllers that manage peak electrical demand across various building equipment types. Their products are installed directly or via distributors in California and New York, serving clients such as retail stores, office buildings, distribution centers, and food processing plants. Encycle's strategic partnership with Ayla Networks enhances its product offerings. Founded in 2005, the company changed its name from REGEN Energy Inc. to Encycle Corporation in 2015.
Flixel Photos
Seed Round in 2011
Flixel Photos Inc. specializes in developing tools for visual storytelling, focusing on the creation of cinemagraphs—dynamic images that feature subtle, looping motion within a still frame. Founded in 2011 and based in Toronto, Canada, the company offers several products, including Cinemagraph Pro, a software platform available for Mac and iOS that allows users to create and share cinemagraphs. Additionally, Flixel provides Persecond for Mac, which enables the production of timelapse videos. Through Flixel Cloud, the company offers a subscription service that grants users access to its software tools, along with hosting and sharing services for high-definition cinemagraphs across web and social media platforms. Flixel serves a diverse clientele, including photographers, videographers, and digital marketers, seeking to enhance their visual content through innovative techniques.
Encycle
Venture Round in 2011
Encycle Corporation specializes in wireless electrical demand management solutions for commercial and industrial facilities. Based in Toronto with offices in California and the UK, the company offers automated demand response controllers that manage peak electrical demand across various building equipment types. Their products are installed directly or via distributors in California and New York, serving clients such as retail stores, office buildings, distribution centers, and food processing plants. Encycle's strategic partnership with Ayla Networks enhances its product offerings. Founded in 2005, the company changed its name from REGEN Energy Inc. to Encycle Corporation in 2015.
Newtopia
Angel Round in 2011
Newtopia Inc. is a health technology company based in Toronto, Canada, that focuses on habit change to reduce metabolic risk and prevent chronic diseases. Founded in 2008, Newtopia utilizes a proprietary virtual platform that combines personal genetics with social and psychological insights to create personalized health plans. By addressing unhealthy lifestyles, the company aims to mitigate the economic and social consequences associated with obesity, chronic diseases, and aging. Newtopia's innovative health engagement platform encourages individuals to make healthier lifestyle choices, demonstrating a proven model with an 80% success rate among early clients. The company targets partnerships with insurers, self-insured employers, and brands, offering sustainable health outcomes and a significant return on investment, making it a promising B2B collaborator in the health sector.
NeurAxon
Debt Financing in 2010
NeurAxon, Inc. is a Canadian company focused on discovering and developing therapeutics for pain management by targeting neuronal nitric oxide synthase. Founded in 2004 and headquartered in Toronto, NeurAxon is advancing a pipeline of oral products aimed at treating various pain conditions, including acute migraine, neuropathic pain, chronic daily headache, inflammatory pain, migraine prophylaxis, and severe pain. By utilizing selective inhibitors of nitric oxide synthase, the company seeks to provide effective solutions for individuals suffering from these conditions.
LeddarTech
Series A in 2010
LeddarTech Inc. is a Canadian company that specializes in developing advanced detection and ranging systems, utilizing time-of-flight measurement technology with infrared LEDs. Its product offerings include smart sensor modules for various applications, such as single-element and multi-element sensor modules, LED-based traffic management sensors, and sensor evaluation kits. These solutions are designed for a wide range of applications, including advanced driver assistance systems (ADAS), autonomous driving, public safety, and industrial monitoring. LeddarTech's flagship platform, LeddarVision™, integrates multiple sensor types to create comprehensive 3D environmental models, facilitating improved perception and navigation capabilities in vehicles. The company aims to address critical sensing challenges for OEMs and automotive suppliers, helping them enhance performance while reducing development time and costs. Founded in 2007 and headquartered in Quebec City, Canada, LeddarTech maintains a research and development office in Toronto and has secured numerous patents in the field of remote sensing technologies.
Cyrium Technologies
Series B in 2008
Cyrium Technologies Inc. specializes in the development and manufacturing of concentrator photovoltaic (CPV) cells for terrestrial solar energy applications. Established in 2002 and headquartered in Ottawa, Canada, with an additional office in Tsuen Wan, Hong Kong, the company offers a range of products including quantum dot enhanced cells and application-specific concentrator cells (ASCC). Cyrium Technologies also provides optimization and customization services for cell performance through its ASCC program, catering to the needs of CPV system manufacturers and the broader solar energy market.
NewStep Networks
Series C in 2008
NewStep Networks, Inc. provides service convergence and fixed-mobile convergence software solutions. The company offers FlexConnect solutions that bring the benefits of service convergence to mobile, office, and home phones; and Enterprise Mobility solutions, which feature one button transfer, single number service, automatic reconnect, single voicemail, and voicemail intercept. It also offers Total Mobility solutions that feature FlexConnect Solution and Enterprise Mobility Solutions, and add features designed for enterprise environments. Its customers include enterprises, service providers, equipment makers, system integrators, and business and consumer users. The company was formerly known as Rev D Networks, Inc. and changed its name to NewStep Networks, Inc. in November 2003. The company was founded in 2003 and is headquartered in Toronto, Canada with additional Offices in Canada, the United States, Europe, and Asia. As of June 8, 2009, NewStep Networks, Inc. operates as a subsidiary of Natural Convergence, Inc.
NeurAxon
Series B in 2007
NeurAxon, Inc. is a Canadian company focused on discovering and developing therapeutics for pain management by targeting neuronal nitric oxide synthase. Founded in 2004 and headquartered in Toronto, NeurAxon is advancing a pipeline of oral products aimed at treating various pain conditions, including acute migraine, neuropathic pain, chronic daily headache, inflammatory pain, migraine prophylaxis, and severe pain. By utilizing selective inhibitors of nitric oxide synthase, the company seeks to provide effective solutions for individuals suffering from these conditions.
Sofea
Venture Round in 2007
Sofea Inc. provides Custom Computer Programming Services. The company has headquarters in Toronto, Canada.
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