BEST Funds

BEST Funds is a venture capital firm based in Toronto, Canada, founded in 1996. The company focuses on providing capital to technology companies, particularly in the sectors of software, cloud computing, financial services, and clean technology. By investing in these areas, BEST Funds aims to accelerate the growth of innovative businesses across Canada.

John Richardson

Founder and CEO

69 past transactions

Perch

Series A in 2022
Perch is a digital platform designed to assist Canadian homeowners and prospective buyers in navigating the complexities of real estate transactions. By leveraging advanced analytics, Perch offers personalized insights that empower users to make informed decisions about buying homes, securing mortgages, and managing their real estate investments. The platform aims to simplify the mortgage application process, allowing users to complete applications quickly and efficiently. Additionally, Perch fosters collaboration with real estate professionals, helping users optimize their path to homeownership and leverage home equity for wealth building. Through its services, Perch addresses the challenges individuals face in the real estate market, ultimately striving to improve the overall experience for its users.

Perch

Series A in 2022
Perch is a digital platform designed to assist Canadian homeowners and prospective buyers in navigating the complexities of real estate transactions. By leveraging advanced analytics, Perch offers personalized insights that empower users to make informed decisions about buying homes, securing mortgages, and managing their real estate investments. The platform aims to simplify the mortgage application process, allowing users to complete applications quickly and efficiently. Additionally, Perch fosters collaboration with real estate professionals, helping users optimize their path to homeownership and leverage home equity for wealth building. Through its services, Perch addresses the challenges individuals face in the real estate market, ultimately striving to improve the overall experience for its users.

PowerBand Solutions

Post in 2016
PowerBand Solutions Inc. is a technology company based in Burlington, Canada, that specializes in developing innovative online auction software and financing solutions for the automotive sector and other industries. The company offers a comprehensive suite of cloud-based tools designed to enhance efficiency and transparency in vehicle transactions. Its key products include LiveNet Auction, which enables dealers to conduct instant online auctions for used vehicles, and Marketplace Auction, allowing various companies to list vehicles with detailed descriptions and reserve bids. Additionally, PowerBand provides Dynamic Appraisal for electronic vehicle appraisals, Market Intelligence for retail pricing insights, and PowerDesk for payment scenario preparation. The recently launched Drivrz suite consolidates retail, dealer, consumer, and wholesale transactions into a single platform, disrupting traditional buying and selling methods. PowerBand Solutions primarily generates revenue from the United States, alongside contributions from Canada.

Zone·tv

Seed Round in 2015
Zone.tv is a company focused on transforming the television viewing experience by offering a personalized entertainment platform. It operates a multi-channel network that provides curated content, including movies, sing-alongs, and interactive games. The company has developed an advanced technology framework known as Studio, which facilitates video content curation and programming for various ad-supported and free ad-supported streaming television networks. This technology empowers content providers to enhance audience engagement by delivering updated and dynamic viewing experiences. Through its innovative approach, Zone.tv aims to create exciting new content discoveries for viewers.

GroupBy

Venture Round in 2015
GroupBy Inc. is a technology company specializing in cloud-based e-commerce software solutions. Founded in 2013 and headquartered in Toronto, Canada, with an additional office in Austin, Texas, GroupBy offers a comprehensive Product Discovery Platform that utilizes advanced features such as data enrichment, search, recommendations, personalization, and merchandising. The platform is powered by Google Cloud Vertex AI Search for Retail, allowing businesses to enhance customer engagement through optimized search and navigation capabilities. GroupBy also provides services for multi-site management, search engine optimization, and knowledge management, as well as consulting and training services to support clients in implementation and user experience design. The company serves a diverse clientele across the United States, Canada, Europe, and parts of Asia through authorized resellers, catering to both large-scale B2B configurations and high-volume B2C scenarios.

Soliton

Venture Round in 2014
Soliton, Inc. is a medical device company based in Houston, Texas, that specializes in developing and commercializing products leveraging its proprietary rapid acoustic pulse (RAP) technology platform. Founded in 2012, Soliton focuses on creating innovative solutions for various medical applications, including tattoo removal, cellulite reduction, and fibrotic scar treatment. The company has invested significant resources into advancing its technology, which utilizes high-energy acoustic shockwaves to enhance treatment efficacy. Soliton's business model centers around selling its RAP consoles to dermatologists, plastic surgeons, and medi-spas, positioning itself to address substantial market opportunities within the medical aesthetic field. The leadership team comprises experienced professionals with extensive backgrounds in life sciences and medical devices, contributing to the company's goal of transforming aesthetic treatments.

Financeit

Debt Financing in 2014
Financeit USA Inc. is an online platform that enables businesses to offer consumer financing, allowing customers to manage loans from various web-enabled devices. Founded in 2011 and based in New York, the company operates as a subsidiary of Financeit Canada Inc. Its point-of-sale financing platform simplifies complex sales transactions, helping businesses close more sales by providing customers with affordable monthly payment options for significant purchases, such as home improvements, vehicles, or retail items. Financeit serves a diverse range of businesses, including larger enterprises, by offering an integrated suite of solutions that encompasses lead management, live contact support, financing options, and promotional tools. The company has partnered with over 8,000 merchants and has processed more than $5 billion in loan applications, earning recognition as the Canadian Lenders Association's Company of the Year in Lending in 2019.

Dejero

Venture Round in 2014
Dejero, established in 2008 and headquartered in Waterloo, Ontario, Canada, specializes in delivering real-time video and networking solutions. The company aggregates diverse telecommunication networks such as cellular (4G/5G), satellite (GEO/MEO/LEO), and fixed broadband to create a resilient, cloud-managed 'network of networks'. This technology ensures reliable connectivity for critical communications, expanding coverage and bandwidth for global customers. Dejero's offerings include routers, network blending software, and connectivity services, enabling secure video exchange and data management from remote locations.

XipLink

Venture Round in 2014
XipLink, Inc. is a company that specializes in the development and marketing of wireless bandwidth optimization software and hardware products. It offers a range of solutions designed to enhance data transmission across various platforms, including mobile satellite services, VSAT, and terrestrial wireless networks. Key products include the XipStick, a portable wireless optimizer, and XE-Embedded software, which integrates with wireless modems and communication devices. The company also provides hardware appliances such as the XA-200K, which accelerates transmission control protocol and optimizes IP traffic, and the XS-SCPS-200K, designed for TCP acceleration. XipLink's solutions are tailored for diverse sectors, including military and government, telecommunications, transportation, and media, allowing clients to maximize data throughput while minimizing costs. Headquartered in Montreal, Canada, with additional offices in Washington, D.C., XipLink has established a strategic partnership with Speedcast International Limited to enhance its service offerings.

PitchPoint Solutions

Venture Round in 2014
PitchPoint Solutions Inc. specializes in developing and deploying web-based automation solutions tailored for the financial services sector. The company offers a range of products designed to streamline the loan data validation process, including an on-demand platform called Promptu, which facilitates data entry and report management for clients. Additionally, PitchPoint provides comprehensive data validation services to assess various risks associated with identity, liability, property, employment, income, and occupancy. Their services also include an Application Data Validation Package that alerts clients to potential issues within loan data. The company is recognized for its fraud prevention capabilities, enabling lenders to quickly identify discrepancies and comply with regulatory standards. Based in Toronto, Canada, PitchPoint Solutions is committed to helping financial institutions reduce the risk of fraud and streamline their operations.

FileTrek

Venture Round in 2014
FileTrek provides accurate and effective enterprise threat detection through comprehensive event collection, advanced behavioral analytics and precise anomaly detection. FileTrek enables companies of all sizes to eliminate the noise and false positives of existing security tools and focus limited security resources on actual threats to sensitive data assets. FileTrek’s cutting-edge solution secures intellectual property, trade secrets, classified files, and other sensitive data from accidental or intentional compromise by knowledge workers, IT administrators, contractors, and partners. FileTrek solutions are deployed to protect critical data across manufacturing, life sciences, hi-tech, finance, aerospace & defense and securities brokerage industries. The company is a privately funded with corporate headquarters in Ottawa, Canada and a regional office in Los Angeles, CA.

Skura

Debt Financing in 2013
Skura is an international company established in 1996, specializing in mobile sales enablement solutions, particularly for the life sciences and pharmaceutical sectors. Its flagship platform, SKURA SFX, is designed to enhance the productivity of sales teams by offering reliable and scalable tools for planning, organizing, presenting, and tracking mobile content and applications. This platform provides valuable predictive analytics, allowing sales and marketing executives to effectively engage with healthcare providers across various channels and devices. With over 30,000 sales representatives utilizing its solutions, Skura supports more than 100 brands in 34 countries, helping companies improve key performance indicators such as revenue growth, market share, and support costs through innovative technology.

ERMS Corporation

Series B in 2013
ERMS (Emergency Response Management Services) was founded in 2002 by Crisis Management and Business Continuity professionals who wanted to develop a secure, comprehensive, and reliable emergency notification system with all the features and functionalities Business Continuity professionals require. ERMS Advantage is a full-feature, robust, secure, and redundant mass notification system — an enterprise-class emergency and incident notification system. In a real emergency, you need a real emergency mass notification solution.

TeamBuy

Series A in 2013
TeamBuy.ca is a Canadian group-buying website that launched in Toronto in 2009. The site secures impressive savings by using team-buying power, giving users the benefit of buying in bulk without actually having to. With the goal to become one of Canada's top online shopping destinations, TeamBuy.ca offers features that range from the hottest lifestyle and home décor products to travel and spa packages, self-improvement workshops to dinner experiences. Considered a trusted city guide that introduces TeamBuyers to only the finest that their city has to offer, TeamBuy.ca is available in over 20 major cities and local regions across Canada. TeamBuy.ca has grown rapidly since 2009, cultivating relationships with thousands of diverse merchant partners, expanding to offer mobile and Facebook ecommerce apps and generating over $100,000,000 in savings for their members.

Insurance & Mobility Solutions

Debt Financing in 2013
Insurance & Mobility Solutions (IMS), a division of Trak Global Group, specializes in connected car technology, providing innovative solutions and analytics for insurers, mobility operators, original equipment manufacturers (OEMs), and government entities. The company has developed the acclaimed IMS DriveSync® platform, which is cloud-based and enables a versatile, data source-agnostic approach for delivering various business-to-business and business-to-consumer offerings. IMS's technology encompasses automotive telematics and in-car infotainment, aimed at enhancing driver safety, intelligence, and environmental sustainability. Through its comprehensive suite of services, IMS plays a crucial role in advancing the mobility landscape and improving the overall driving experience.

illumin Holdings

Debt Financing in 2013
Illumin Holdings Inc operates a journey advertising platform designed to assist marketers in effectively reaching consumers throughout their buying journeys. Launched in 2020 and rebranded from AcuityAds in 2023, the platform utilizes advanced machine learning algorithms and real-time data analytics to enhance the process of programmatic advertising, which automates the buying and selling of advertising inventory. By leveraging proprietary technology, Illumin enables marketers to connect with customers more efficiently, fostering trust and transparency at every stage of the advertising process. The company is dedicated to improving digital advertising outcomes through innovative technological solutions.

TransGaming

Debt Financing in 2013
TransGaming, Inc. (TSX-V: TNG), is the global leader in the multiplatform deployment of interactive entertainment. TransGaming works with the industry's leading developers and publishers to enable and distribute games for Smart TV set-top boxes, Mac computers, and Linux/CE platforms. TransGaming is headquartered in Toronto, Canada, with offices in Ottawa and Atlanta.

CogniVue

Venture Round in 2012
CogniVue offers the most comprehensive embedded vision solution in the market today. Our revolutionary and patented Image Cognition Processor (ICP) core APEX, tools and software allow developers to achieve >100x advantage in performance per power per area versus incumbent technologies, enabling the creation of previously implausible vision products in wearables, automotive and industrial applications. With the APEX ICP core, APEX Programmer tools, APEX-CV library and application software demos, we enable our customers and partners to create or improve their embedded vision solution at all levels.

Delego Software

Venture Round in 2012
Delego Software Inc. specializes in providing integrated electronic payment solutions tailored for SAP systems. Founded in 1997 and based in London, Canada, the company offers a range of products, including Delego AR, which supports various payment methods such as credit cards and electronic checks, and Delego RapidPay, an e-commerce payment solution. Their flagship product, Delego Core, serves as a unified platform that facilitates e-payment acceptance, ensures SAP integration, and enhances data security. The company's solutions are designed to streamline payment processes, enabling merchants to manage critical functions like authorization, settlement, and reconciliation directly through their SAP systems while maintaining compliance with PCI standards. With a focus on security and flexibility, Delego Software partners with several industry leaders, enhancing its ability to support high transaction volumes globally.

Geminare

Venture Round in 2012
Geminare is a leading provider of Recovery as a Service (RaaS) solutions tailored for the Small and Medium Enterprise (SME) sector. The company specializes in innovative cloud technologies, including Cloud Recovery and Cloud Storage, effectively delivering its products through a global network of channel partners. Geminare has developed a robust resilience management platform that enhances IT resilience orchestration and automation, enabling businesses to implement sophisticated recovery solutions. Its current offerings include Server Replication, and the company collaborates with several prominent partners such as Qwest Communications and Bell Canada. Based in Toronto, Canada, Geminare operates with a strong presence across the United States, Canada, and Europe.

Sensory Technologies

Venture Round in 2012
Sensory Technologies is a privately held Canadian company that specializes in providing innovative mobile technology solutions for the nursing industry. The firm focuses on developing medical software designed to enhance healthcare delivery within both private and public facilities. In addition to its primary offerings, Sensory Technologies also engages in the wholesale of durable goods, particularly video and audio equipment, which constitutes a significant portion of its business. The company further expands its services by offering business consulting aimed at optimizing healthcare processes and improving operational efficiency. As of February 2020, Sensory Technologies operates as a subsidiary of Distinct Holdings Group, LLC.

DisclosureNet

Venture Round in 2011
DisclosureNet Inc., founded in 2002 and based in Toronto, Canada, offers cloud-based and on-premises enterprise disclosure management solutions designed to enhance efficiency, accuracy, and control in reporting processes while reducing risk. The company's platform facilitates collaboration among teams, provides valuable insights, and accelerates disclosure management cycles through a secure and scalable infrastructure. DisclosureNet Inc. serves international clients across various industries, including accounting, finance, corporate, investment, legal, and government sectors. Its services encompass disclosure management implementation, financial statement reporting migration, XBRL consulting, and training. The company operates as a subsidiary of Certent, Inc., following a transaction announced in June 2016.

Hatsize

Series A in 2010
Hatsize Learning Corporation, established in 2000 and headquartered in Calgary, Canada, specializes in cloud-based training labs for software and IT hardware products globally. It offers an integrated, cloud-based platform enabling organizations to transition instructor-led and self-paced IT training to the cloud. Hatsize's solutions include labs for VMware, Citrix, academic, and custom environments. Its flagship product, TrueLab, provides access to complex lab environments over the internet, along with tools for instructors and sales teams to monitor user interactions and offer assistance. The platform also includes a management system for configuring lab environments and a business intelligence engine to track lab usage, offering valuable insights for channel managers.

DisclosureNet

Series B in 2010
DisclosureNet Inc., founded in 2002 and based in Toronto, Canada, offers cloud-based and on-premises enterprise disclosure management solutions designed to enhance efficiency, accuracy, and control in reporting processes while reducing risk. The company's platform facilitates collaboration among teams, provides valuable insights, and accelerates disclosure management cycles through a secure and scalable infrastructure. DisclosureNet Inc. serves international clients across various industries, including accounting, finance, corporate, investment, legal, and government sectors. Its services encompass disclosure management implementation, financial statement reporting migration, XBRL consulting, and training. The company operates as a subsidiary of Certent, Inc., following a transaction announced in June 2016.

N-Dimension Solutions

Venture Round in 2010
N-Dimension Solutions Inc. is a Canadian company specializing in cloud-based managed security services tailored for utilities, focusing on cybersecurity for critical energy networks and infrastructure. The company offers two primary solutions: N-Sentinel, a continuous cyber threat monitoring service that alerts utilities to potential risks and provides actionable intelligence, and N-Platform, a unified threat management appliance designed to protect operations from cyber threats. N-Dimension Solutions aims to enhance system reliability and safeguard vital data and assets within the power and energy sectors. The company has established strategic partnerships, including one with Hometown Connections, and is affiliated with the National Rural Electric Cooperative Association. As of November 2019, N-Dimension Solutions operates as a subsidiary of IPKeys Technologies LLC.

Kneebone

Venture Round in 2010
Kneebone Inc. is a software company that specializes in marketing performance management solutions, providing a comprehensive SaaS platform designed for marketers. The Kneebone platform integrates various marketing activities, such as advertising and social media, with performance metrics to facilitate real-time analysis and reporting. It includes several modules, such as the Kneebone3.0 Platform, which features a Cross Marketing Data Model and a patented performance algorithm for automated data mapping. Additionally, Kneebone offers tools for visualization and planning, including Kneebone Fisical for real-time reporting and Kneebone Reflex for future marketing investment planning. The company serves a diverse range of industries, including B2B, financial services, consumer packaged goods, and retail. Founded in 2004 and based in Toronto, Canada, Kneebone Inc. aims to streamline the connection between marketing investments and business outcomes for its clients.

Dealer-FX

Venture Round in 2010
Dealer-FX is a Canadian company based in Markham that specializes in automotive software solutions, focusing on enhancing the customer service experience. Its platform offers a comprehensive customer experience management system designed for every stage of automotive service. Utilizing advanced data analysis and user-friendly mobile applications, Dealer-FX promotes transparency and trust between automotive Original Equipment Manufacturers (OEMs) and dealerships. This approach aims to improve customer retention and brand loyalty, ultimately driving profitability for its clients. The company prioritizes a convenient, contactless, and mobile-centric experience at each customer interaction point.

Telos Entertainment

Venture Round in 2010
Telos International is a game developer. Their latest game due out in June 2009 will be the City of Sinners & Saints. It will be a massive multi-player online social networking game where virtual travelers can enter a comedic, cartoon world. Check out the City of Sinners & Saints trailer and enter the comedic, cartoon world. http://www.cityofsinnersandsaints.com

MKS

Venture Round in 2010
MKS, an application lifecycle management (ALM) technology provider. MKS Integrity coordinates and manages all activities and artefacts associated with developing software intensive products, including requirements, models, code and test, ensuring comprehensive lifecycle traceability.

X2O Media

Venture Round in 2009
X2O Media, Inc. is a developer of digital signage and content management software, providing innovative solutions for communication in various sectors, including corporate environments and higher education. Founded in 2006 and based in Montreal, Canada, the company offers a range of products, including the Xpresenter platform for content creation and distribution, SharePoint TV for video and graphics-rich channels, and mobile and tablet solutions. X2O Media's software enables the creation of dynamic channels for various screens, allowing organizations to deliver targeted messages effectively. The company also provides services in content design, management, and monitoring for digital signage networks, as well as support and maintenance services. Its offerings cater to diverse applications such as retail displays, corporate presentations, educational institutions, medical facilities, and transportation information systems. X2O Media operates globally, serving clients in the United States, Canada, Europe, the Middle East, and Asia.

Novus Health

Venture Round in 2009
Novus Health is a technology-enabled health services provider based in Toronto and Montréal, Canada. The company focuses on making healthcare more accessible and understandable for its clients and their members. Through its offerings, Novus Health aims to educate, empower, and engage users by delivering personalized support and reputable health information in a single platform. One of its key products is the Travel Navigator application, which assists with traveller tracking and alerts. By leveraging technology, Novus Health enhances the health navigation experience, enabling users to make informed health decisions and improving overall well-being.

iMPath Networks

Venture Round in 2008
iMPath Networks is a seasoned provider of video networking solutions, specializing in the development and deployment of high-definition surveillance systems. With over 20 years of experience, the company has established itself as a leader in Video over IP technology, catering to the needs of major system integrators globally. Headquartered in Halifax, with additional operations in Ottawa, iMPath Networks offers a range of products, including HD-CVI cameras that deliver high-quality, real-time video and audio recording capabilities. Its solutions are utilized by large systems integrators across North America, Europe, and Asia, ensuring robust video networking services tailored to complex requirements.

GridIron Software

Venture Round in 2008
GridIron Software has created an innovative hybrid-SaaS solution providing Enterprises automated and transparent Data DNA™ collection and management. Data DNA™ = Automated Business Intelligence, enabling enterprises to manage the supply chain for the documents and digital assets across all their workgroups. GridIron Software’s core IP extends the OS to automatically track all file changes at the desktop level. This new technology is integrated into GridIron Software’s flagship product, Flow 2.0 Enterprise, providing dynamic data and audit trail solving Enterprise problems in Security and Audit, Operational Transparency, Version Control and Backup, Project Profitability, and File Sharing and Sync.

Signifi

Venture Round in 2008
Signifi Solutions Inc. specializes in designing and developing robotic and automated retail solutions. Founded in 2005 and based in Mississauga, Canada, the company provides a range of offerings, including automated retail kiosks for high-end electronics, luxury goods, pharmaceuticals, and specialty packaged meals, as well as smart lockers and asset management solutions. Signifi's cloud-based platform enhances user experiences and supports various commercial environments such as airports, railway stations, hotels, and offices. The company manages the entire process from design and manufacturing to installation and post-installation support, enabling clients to streamline projects and reduce costs. By focusing on intelligent vending solutions and loss prevention, Signifi aims to transform the shopper experience and help businesses enhance their brand recognition and profitability.

ArcticDx

Venture Round in 2008
ArcticDx Inc. is a molecular diagnostic company based in Toronto, Canada, that specializes in the design, development, and delivery of molecular diagnostic tests. Established in 2005, the company offers a portfolio that includes Colo-Risk, a test that assesses an individual's risk of developing colorectal cancer, and Macula Risk, a prognostic DNA test aimed at determining genetic predisposition to age-related macular degeneration (AMD). In addition, ArcticDx provides an AREDS formulation, ensuring a balanced and evidence-based approach to the management of AMD. The company prioritizes customer service by addressing inquiries through various channels, including phone, email, and online applications.

Axentra

Series A in 2007
Axentra is a Canadian company based in Ottawa, founded in 1999, specializing in digital media software solutions. The company develops a Linux-based platform and a suite of applications designed for managing and delivering digital media content. Axentra's software aims to enhance user experiences in media management and streaming, catering to various consumer needs in the digital landscape.

Optessa

Venture Round in 2007
Optessa Inc. is a software development company that specializes in providing web-based solutions for optimized planning, scheduling, and sequencing in the manufacturing sector. Founded in 2001 and headquartered in Edmonton, Canada, with additional offices in Red Bank, New Jersey, and Pune, India, Optessa offers several key products, including Optessa MLP for multi-plant demand and capacity planning, Optessa MLS for assembly line sequencing, and Optessa RTS for real-time scheduling tailored to automated environments. These solutions cater to a diverse range of industries, including automotive, semiconductor, industrial equipment, and consumer goods. Optessa's technology is designed to facilitate seamless integration of planning and scheduling processes, ensuring that production rules are adhered to and that all relevant capacities and requirements are considered for effective order fulfillment. The company emphasizes the use of its patented solver, which evaluates the entire solution space to deliver optimal outcomes.

Axis Capital Corp

Acquisition in 2006
[Axis Investment Fund](http://www.axisfunds.com) is an investment firm that targets the technology sector. Axis Capital Corporation is an investment firm that creates innovative investment fund products targeting the technology sector. After successfully managing a private fund for a number of years, in 2002 Axis Capital Corporation launched Axis Investment Fund, a labour-sponsored investment fund that invests in Ontario-based emerging technology companies. Axis Investment Fund offers Ontario residents the opportunity to participate in venture capital and receive a 35% tax credit. The two missions of Axis Capital Corporation are simply stated: 1. create investment fund products that allow average Canadians to participate in venture capital as part of a sound, diversified portfolio; and 2. invest in and then work with world-class technology companies in order to increase shareholder value. On February 6, 2006, Axis Capital Corporation was purchased by BEST Funds. BEST Funds is now the fund manager for Axis Investment Fund Inc. BEST Funds is an experienced manager of labour sponsored investment funds having managed the B.E.S.T. Discoveries Fund for over 10 years .

Agile Systems

Venture Round in 2005
Agile Systems is a leading manufacturer based in Waterloo, Ontario, specializing in the design, development, and production of advanced motion control technology, including motor control and power conversion systems. The company is recognized for its expertise in integrating power electronics, digital controls, and network communications into compact, efficient, and cost-effective solutions. Agile Systems serves a diverse array of industries, such as semiconductor, life sciences, robotics, automation, automotive, industrial machinery, and alternative energy, providing energy-efficient electronic controls tailored to meet the specific needs of its customers.

Coreworx

Series B in 2005
Coreworx Inc. is a Canadian company that specializes in developing web-based integrated project information management software tailored for the engineering and construction sectors, particularly in oil and gas, power, and mining. Founded in 1997 and based in Kitchener, Canada, Coreworx offers a comprehensive suite of solutions, including project information control, interface management, contract management, change management, and deliverables management. The company's software is designed to automate best practices and mitigate business risks while enhancing project performance throughout the entire lifecycle. With a global reach, Coreworx supports over 500 capital projects valued at more than $500 billion, serving nearly 70,000 users across more than 50 countries. The company also provides implementation, consulting, hosting, managed services, training, and support to ensure effective use of its solutions. Coreworx operates as a subsidiary of Vela Software International, Inc. after rebranding from Software Innovation Inc. in 2008.

AssetMetrix

Series A in 2005
AssetMetrix GmbH, founded in 2013 and headquartered in Munich, Germany, is a leading provider of modular outsourcing solutions for private capital investors. The company specializes in front-, middle-, and back-office services for both Limited Partners and General Partners, enabling clients to optimize their investment decision-making processes. With a focus on technology-enabled services, AssetMetrix supports asset owners, managers, and servicers in areas such as data management and reporting, while ensuring compliance with increasing transparency requirements from investors and regulators. The firm leverages its extensive experience in institutional capital investment to deliver innovative and secure technologies, state-of-the-art analytical tools, and efficient processes. AssetMetrix operates without conflicts of interest and currently administers portfolios totaling over €12 billion across more than 1,500 funds.

Combat Networks

Venture Round in 2004
Combat Networks Inc. is a Canadian company that specializes in providing network communications products and services to government, education, healthcare, and enterprise sectors both domestically and internationally. Established in 2001 and headquartered in Ottawa, the company focuses on delivering secure, reliable, and high-performance network solutions for mission-critical communication infrastructures. Combat Networks offers a comprehensive range of services including network design, consulting, equipment installation, project management, and ongoing support. The company's product portfolio encompasses routers, switches, security solutions, voice over IP systems, and wireless LAN technologies. With a commitment to customer success, Combat Networks ensures a unified approach to network lifecycle management, assisting clients from initial planning through to post-sales support. Its operational reach extends across major Canadian cities and includes partnerships that enable service to some of the country’s largest government departments and enterprises.

Garner Distributed Workflow

Venture Round in 2004
Garner Distributed Workflow is project logistics software for mega-projects ion oil & gas, pipelines and mining.

NewStep Networks

Series A in 2003
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.

Echoworx

Venture Round in 2003
Echoworx is a provider of managed encryption services focused on enhancing the security of digital communications. The company offers a software security platform designed to protect the privacy of individuals and businesses by facilitating secure email data protection. By addressing various challenges associated with communication security, Echoworx enables its users to navigate the complexities and uncertainties posed by cyber threats, ensuring that sensitive information remains secure during transmission.

Momentum

Venture Round in 2003
Momentum provides alternative technology and digital solutions. They develop a variety of integrated data, e-commerce, and digital marketplace strategies. The company's contact modes are phone and physical address.

DragonWave

Series C in 2002
DragonWave Inc. is a provider of high-capacity Ethernet microwave solutions designed for Internet protocol (IP) networks. The company specializes in carrier-grade point-to-point Ethernet microwave systems that facilitate the transmission of broadband voice, video, and data, catering to the bandwidth needs of service providers, government agencies, enterprises, and other organizations. The primary application of DragonWave's products is wireless network backhaul, with additional offerings that include leased line replacement, last mile fiber extension, and enterprise networks. The company maintains a global network of distributor and reseller partners, serving a diverse customer base that encompasses carriers, service providers, utilities, wireless internet service providers, and enterprises. DragonWave's product lineup features packet microwave systems, pseudowire systems, and solutions for network configuration, protection, and management, ensuring flexible deployment and comprehensive support for its clients.

Questrade

Venture Round in 2002
Questrade Inc., founded in 1999 and headquartered in Toronto, Canada, is a leading online brokerage firm that provides stock trading services to independent investors across Canada. The company operates myQuestrade, a website facilitating the opening and funding of online accounts. Questrade offers various trading platforms, including QuestraderWEB, QuestraderPRO, and QuestraderELITE for direct access trading, as well as QuestradeFX and QuestradeFX PRO for currency markets. Additionally, Questrade provides Margin Power, a service that enhances buying power by linking assets in a Tax-Free Savings Account to a margin account. The company also offers tools for professional market analysis, charting capabilities, trading webinars, research, and real-time market news. Questrade has developed an app named Questrade IQ for iPad and iPhone users, further expanding its reach and accessibility.

VisionMAX

Venture Round in 2001
VisionMAX Solutions Inc., founded in 1998 and based in Mississauga, Canada, offers comprehensive IT business solutions across various sectors including media and communications, manufacturing and logistics, government, finance and insurance, retail and E-Commerce, and telecommunications. The company provides a range of services such as custom development, systems integration, outsourced IT, self-serve applications, multi-channel information delivery, call center data consolidation, mobile and web-enabling legacy applications, and video and media systems integration. VisionMAX is known for delivering end-to-end IT solutions on time and within budget, with a high client retention rate that includes notable entities like Bell Canada, the Ontario Government, Sprint USA, GE Capital, and Canada Life. The company's experienced team leverages technology to meet clients' growing business needs effectively.

Necho

Venture Round in 2000
Necho, a division of CyberShift, Inc., specializes in expense management automation, offering solutions that streamline the processing and oversight of employee business expenses. Recognizing that employee expenses are the second largest controllable cost for organizations, Necho's services enable companies to gain better control over their expenditures, enhance compliance, and improve operational visibility through effective data capture and reporting. By implementing Necho's solutions, clients can achieve cost reductions of at least 10%, ultimately contributing positively to their financial performance.

Protus IP Solutions

Venture Round in 1999
Protus IP Solutions, Inc. is a provider of software-as-a-service communication tools designed for small to medium businesses and enterprise organizations. Founded in 1997 and based in Ottawa, Canada, the company offers a range of services including Internet fax, virtual PBX, email marketing, as well as fax and voice broadcast services. Its products are marketed under several brand names, including MyFax, my1voice, Campaigner, and CampaignerPro. Protus IP Solutions caters to various sectors such as finance, insurance, real estate, healthcare, transportation, and government, focusing on making business communication both affordable and effective. As of December 2010, the company operates as a subsidiary of j2 Global Communications, Inc.

Electrovaya

Venture Round in 1999
Electrovaya Inc. is a Canadian company that designs, develops, manufactures, and markets advanced lithium-ion battery technologies and systems for various applications, including energy storage and clean electric transportation. Founded in 1996 and headquartered in Mississauga, the company specializes in proprietary Lithium Ion Super Polymer® batteries, which are known for their enhanced safety and longevity. Electrovaya's products cater to materials handling electric vehicles, such as forklifts and automated guided vehicles, as well as electric trucks, buses, and stationary storage solutions. The company also provides industrial and residential energy storage products and power solutions for third-party systems. With a strong focus on technology and extensive intellectual property, Electrovaya generates revenue primarily from battery sales, with significant operations in the United States and international markets.

InternetSecure

Venture Round in 1998
InternetSecure Inc. is a Canadian corporation established in 1995, specializing in secure, real-time credit card processing systems designed for e-commerce merchants. The company offers an easy-to-implement solution that requires no upfront capital investment from merchants and provides access to major credit card processing through a single application. InternetSecure's systems have received approval from multiple financial institutions in Canada and the United States, ensuring compliance for merchants worldwide. The company gained recognition in March 1996 when it became the first in Canada to showcase its secure processing system at the Canadian Internet Show in Toronto. Since launching its first merchant in June 1996, InternetSecure has expanded its services to thousands of businesses, enabling them to sell products and services online to customers globally. In addition to e-commerce solutions, the company also provides point-of-sale services for retail and mail-order businesses.

Cymat Technologies

Venture Round in 1998
Cymat Technologies Ltd. is a materials technology company based in Mississauga, Canada, specializing in the manufacturing and sale of stabilized aluminum foam (SAF). The company holds licenses and patents for the production of SAF, which is created by introducing gas into molten alloyed aluminum mixed with fine ceramic particles, resulting in a lightweight foam that can be cast into various shapes and panels. Cymat's product offerings are categorized under the Alusion brand for architectural applications and the SmartMetal brand for automotive and blast mitigation purposes. Its innovative materials serve multiple sectors, including defense, military, automotive, transportation, and architecture, addressing needs for energy absorption and structural integrity. Established in 2006, Cymat Technologies continues to expand its presence in the global market.

The Bulldog Group

Venture Round in 1998
Bulldog provided enterprise media management and digital asset management solutions to the broadcast, film and animation industries.

Changepoint

Series B in 1997
Changepoint is a leader in enterprise portfolio management solutions, specializing in project and program management software tailored for services organizations, enterprise architects, and business transformation teams. The company's software enables clients to make informed decisions that drive better business outcomes and adapt to shifting market conditions. By maximizing resource utilization and enhancing financial control, Changepoint's solutions help organizations align their project outcomes and revenue with corporate goals. Its offerings support product teams, strategic transformation leaders, and project management offices, empowering them to navigate changing business priorities effectively.

T-Base Communications

Venture Round in 1997
T-Base Communications Inc. is a leading provider of accessible communication solutions in North America, specializing in the production and delivery of statements and documents in braille, large print, audio, and online formats. Founded in 1990 and headquartered in Ottawa, Canada, with an office in Ogdensburg, New York, the company serves various sectors, including finance, telecommunications, education, government, healthcare, and compliance. T-Base offers a range of services to meet the needs of its clients, including braille and large print transcription, audio transcription for textbooks and documents, and digital accessibility services such as web audits and PDF remediation. The company is dedicated to ensuring that organizations can effectively communicate with individuals requiring accessible formats, providing accessible monthly statements, document production, and consulting and training in online accessibility.

Kaval Wireless Technologies

Venture Round in 1996
Kaval Wireless Technologies specializes in providing wireless communications systems tailored for the public safety and government sectors. The company focuses on enhancing wireless coverage within commercial, public, and industrial facilities, which is essential for critical services such as fire, police, medical, and security. By extending radio frequency coverage throughout indoor environments, Kaval enables emergency personnel to maintain effective communication, thereby improving response times and overall safety.

Spectra Securities

Venture Round in 1996
Spectra Securities Software is a leading provider of eCommerce solutions tailored for the banking, brokerage, and insurance sectors. The company specializes in developing finance management software that enables financial services organizations to efficiently manage client assets and enhance their business operations. By offering a suite of cost-effective, customized applications that integrate traditional and emerging technologies, Spectra empowers its clients to deliver robust online and wireless services. This ensures that financial services companies can maintain a competitive edge in an increasingly crowded marketplace.

Indigo Books & Music

Venture Round in 1996
Indigo Books & Music Inc. is a prominent book, gift, and toy retailer based in Canada. The company operates a network of approximately 87 superstores under the Indigo and Chapters brands, along with over 80 small-format stores under the Coles, Indigospirit, SmithBooks, and The Book Company banners. Indigo also has a significant online presence through its e-commerce platform, which offers a diverse range of products, including books, gifts, toys, and paper products. Additionally, the company owns a stake in Calendar Club of Canada, which manages seasonal kiosks and year-round stores in shopping malls throughout the country. Established in 1940, Indigo has evolved to become a key player in the Canadian retail landscape, catering to a wide audience with both physical and digital retail offerings.

Industrios

Venture Round in 1996
Industrios, established in 1989 and headquartered in Oakville, Canada, specializes in designing and developing enterprise resource planning (ERP) software tailored for manufacturing operations worldwide. Its primary product, INDUSTRIOS ERP, encompasses a suite of modules for inventory management, production planning, procurement, time tracking, sales management, and more, along with complementary services like PlantGauge, PlantCare, PlantUP!, PlantChat, and PlantInsights. Industrios caters to a broad range of manufacturing sectors, including aerospace, automotive, consumer goods, and heavy equipment, among others. As of 2020, Industrios operates as a subsidiary of Shoplogix Inc.

PixeLINK

Venture Round in 1996
PixeLINK is a manufacturer specializing in industrial and scientific machine vision cameras tailored for medical and industrial applications. The company provides fully-integrated imaging solutions, featuring autofocus CMOS or CCD sensors and a range of interface options, including USB 3.0, FireWire, USB 2.0, and GigE. PixeLINK's cameras utilize high-resolution sensors, such as the 12.3 MPixel Sony Pregius IMX253 and the 8.9 MPixel IMX255, which support 4K Ultra HD video. These advanced imaging products are primarily employed in life science and digital microscopy applications, enabling both original equipment manufacturers and end-users to achieve exceptional image clarity and precision.

01 Communique Laboratory

Venture Round in 1996
01 Communique Laboratory Inc. is a Canadian company specializing in the development and marketing of communications and cybersecurity software. Founded in 1992 and headquartered in Toronto, it offers a range of products designed to facilitate remote access and secure communications. Its flagship product, I'm InTouch, enables users to remotely control their computers from anywhere using various devices. The company also provides I'm OnCall, a secure web-based help desk management application aimed at enhancing customer support services. Additionally, I'm InTouch Meeting allows users to conduct online meetings and share screens securely. 01 Communique has expanded its focus to include advanced cybersecurity solutions, such as IronCAP X, an email and file encryption system designed to protect against emerging threats, including those posed by quantum computing. The company is committed to developing innovative technologies in both remote access and post-quantum cryptography, positioning itself as a leader in these fields.

AIM Health Group

Venture Round in 1996
AIM Health Group, a division of Viable Healthworks, is a fully integrated healthcare provider operating in Ontario. The company specializes in complementary alternative medicine and offers a wide range of multidisciplinary healthcare services. These services include family medicine, medical assessments, chronic pain management, interdisciplinary rehabilitation, and clinical research. AIM Health Group also provides occupational health services and operates community-based infusion centers. Additionally, the company focuses on health human resource management, supplying staffing solutions for physicians and nurses across the region.

CBTS

Venture Round in 1996
CBTS is a global provider of enterprise data center solutions, specializing in comprehensive, end-to-end services. The company focuses on designing, building, and managing complete data center environments, utilizing a multi-vendor approach across four main areas: Cloud & Managed Services, Technology Solutions & Professional Services, Digital Application Services, and Hardware & Software Solutions. CBTS offers a range of managed information technology services aimed at transforming and simplifying mission-critical IT environments. Its services include cloud strategy implementation, network infrastructure, hosted communications and collaboration, information security, and IT consulting. By delivering innovative solutions, CBTS enables clients to enhance operational efficiency and achieve their strategic objectives.

Iogen

Venture Round in 1996
Iogen Corporation, founded in 1974 and based in Ottawa, Canada, specializes in producing renewable cellulosic biofuels from agricultural residues and other organic waste. These biofuels serve as an alternative to petroleum products for fueling vehicles such as cars and trucks. The company is notable for being the first to employ contemporary enzymatic hydrolysis technology for commercial production of cellulosic ethanol, which it uses to create clean-burning, renewable fuels suitable for modern automobiles.

Sand Technology

Venture Round in 1996
SAND Technology, founded in 1983, specializes in developing advanced analytics database software designed to enhance operational efficiency for businesses. The company's flagship product, SAND CDBMS, is a fully tokenized and compressed database that utilizes a column-oriented architecture, optimizing it for data analytics and mining rather than transaction processing. This innovative platform allows all columns to behave as indexed, storing actual data values only once and utilizing lossless compression for efficient storage. By enabling queries to be executed directly on compressed columns, SAND CDBMS improves performance significantly, as only requested data is accessed and decompressed. The software is platform agnostic, compatible with both 32-bit and 64-bit Windows and various 64-bit Linux/Unix operating systems, making it a versatile solution for enterprises seeking immediate access to data without complex database design and tuning requirements.

ARXX

Venture Round in 1996
ARXX is a supplier of Insulating Concrete Forms (ICFs) for green, energy-efficient residential and commercial construction. The company's products have been used in more than 105,000 projects, representing 140 million square feet of walls and foundations throughout the United States and Canada. ARXX ICF products enable significant energy savings, greater comfort, security and quiet, and a faster build than conventional construction. ARXX products have been used in numerous LEED-certified projects and have received major industry and sustainability awards.
Spot something off? Help us improve by flagging any incorrect or outdated information. Just email us at support@teaserclub.com. Your feedback is most welcome.