Brightspark Ventures

Brightspark Ventures is a Toronto-based venture capital firm established in 1999 that specializes in early-stage investments in Canadian technology companies. With over two decades of experience in the venture capital industry, Brightspark focuses on identifying exceptional startups across various sectors, including information technology, fintech, artificial intelligence, materials, and resources. The firm aims to support these companies as they grow, providing not only capital but also strategic guidance to help them achieve significant returns. Brightspark's investment model allows individual accredited investors to participate alongside the firm, aligning their interests with those of the startups. This approach fosters a supportive network for portfolio companies, enabling them to concentrate on their growth without the distractions of managing multiple investors. Through its targeted investment strategy, Brightspark attracts some of the most promising companies in Canada.

Shawn Chance

Partner

Matthew He

Associate

Eleonore Jarry-Ferron

Venture

Andrew Lugsdin

Partner

Jacques Perreault

Senior Partner

Past deals in Quebec

Potloc

Series B in 2022
Potloc Inc. operates an online consumer insights platform that enables businesses to access valuable data regarding consumer behavior and purchasing habits. Founded in 2014 and headquartered in Montreal, Canada, with additional offices in Toronto, Paris, and Geneva, Potloc conducts geotargeted surveys through social networks, offering a modern alternative to traditional research methods. By leveraging these surveys, Potloc assists clients in improving customer experience, converting competitors' clients, and enhancing product or service offerings. The platform empowers businesses by providing insights that help them connect with their target audiences and drive profitability. With a growing team of nearly 60 employees, Potloc serves hundreds of businesses seeking to understand and engage with consumers more effectively.

Optable

Seed Round in 2021
Developer of data connectivity platform designed for the advertising ecosystem. The company's platform offers an advertising market platform that offers a decentralized approach to improving the addressability of the audiences, privacy-preserving methods to activate people-based targeting campaigns, and securely onboard audience data, enabling advertisers, publishers, data companies, and other partners to safely and securely compare and leverage audience data.

Classcraft

Venture Round in 2021
Classcraft Studios Inc. develops web and mobile applications designed for classroom behavior management through an innovative role-playing game format. Founded in 2013 and headquartered in Sherbrooke, Canada, Classcraft provides tools that enable teachers to effectively manage, motivate, and engage students by transforming traditional classroom dynamics into an interactive gaming experience. The platform is accessible on various operating systems, including Android, iOS, OS X, Chrome, and Windows, making it versatile for educational settings. By incorporating game mechanics into lessons, Classcraft aims to enhance student engagement and improve the overall learning experience.

BuyBack Booth

Seed Round in 2020
TouchTunes was an innovative start-up with a passion to reinvent the commercial jukebox business. In order to do that he assembled a talented group of technologists and business professionals to change music history. The technology to accomplish this included building a high quality kiosk (front-end), network infrastructure, back-end database, and music rights management system. Later in the product lifecycle, a mobile app was introduced and TouchTunes was second only to Apple® in number of downloaded songs. To capitalize the business, Tony and team raised over $100M through both venture and private equity sources. The company became the world's largest and most successful jukebox network and remains the leader in this market today. The company was sold in 2015 to private equity.

Prevu3D

Seed Round in 2020
PreVu3D inc develops cloud-based interactive 3D visualization and modelling software. The company’s software enables users to create, edit, and collaborate on 3D replicas of real-life environments. The company was founded in 2017 and is based in Montreal, Canada.

InVivo AI

Pre Seed Round in 2019
InVivo AI is a Montreal-based company founded in 2017 that specializes in using artificial intelligence to enhance pharmaceutical research and development. The company primarily focuses on preclinical toxicology, aiming to improve the efficiency and effectiveness of drug development processes. By leveraging advanced AI technologies, InVivo AI seeks to transform traditional methodologies in the pharmaceutical industry, ultimately contributing to faster and more reliable outcomes in drug safety assessments.

Classcraft

Series A in 2019
Classcraft Studios Inc. develops web and mobile applications designed for classroom behavior management through an innovative role-playing game format. Founded in 2013 and headquartered in Sherbrooke, Canada, Classcraft provides tools that enable teachers to effectively manage, motivate, and engage students by transforming traditional classroom dynamics into an interactive gaming experience. The platform is accessible on various operating systems, including Android, iOS, OS X, Chrome, and Windows, making it versatile for educational settings. By incorporating game mechanics into lessons, Classcraft aims to enhance student engagement and improve the overall learning experience.

Potloc

Series A in 2019
Potloc Inc. operates an online consumer insights platform that enables businesses to access valuable data regarding consumer behavior and purchasing habits. Founded in 2014 and headquartered in Montreal, Canada, with additional offices in Toronto, Paris, and Geneva, Potloc conducts geotargeted surveys through social networks, offering a modern alternative to traditional research methods. By leveraging these surveys, Potloc assists clients in improving customer experience, converting competitors' clients, and enhancing product or service offerings. The platform empowers businesses by providing insights that help them connect with their target audiences and drive profitability. With a growing team of nearly 60 employees, Potloc serves hundreds of businesses seeking to understand and engage with consumers more effectively.

Hopper

Series D in 2018
Hopper Inc. is a travel technology company that has developed a mobile application leveraging big data to predict and analyze airfare and hotel prices. Founded in 2007 and headquartered in Montreal, Canada, with additional offices in Cambridge, Massachusetts, New York, New York, and Sofia, Bulgaria, Hopper assists travelers in securing the best deals by providing timely notifications when flight and accommodation prices reach their predicted lowest points. By offering data-driven travel recommendations, Hopper enhances the booking experience for users, enabling them to make informed decisions and save money on their journeys.

Classcraft

Venture Round in 2017
Classcraft Studios Inc. develops web and mobile applications designed for classroom behavior management through an innovative role-playing game format. Founded in 2013 and headquartered in Sherbrooke, Canada, Classcraft provides tools that enable teachers to effectively manage, motivate, and engage students by transforming traditional classroom dynamics into an interactive gaming experience. The platform is accessible on various operating systems, including Android, iOS, OS X, Chrome, and Windows, making it versatile for educational settings. By incorporating game mechanics into lessons, Classcraft aims to enhance student engagement and improve the overall learning experience.

Hopper

Series C in 2016
Hopper Inc. is a travel technology company that has developed a mobile application leveraging big data to predict and analyze airfare and hotel prices. Founded in 2007 and headquartered in Montreal, Canada, with additional offices in Cambridge, Massachusetts, New York, New York, and Sofia, Bulgaria, Hopper assists travelers in securing the best deals by providing timely notifications when flight and accommodation prices reach their predicted lowest points. By offering data-driven travel recommendations, Hopper enhances the booking experience for users, enabling them to make informed decisions and save money on their journeys.

nGUVU

Series A in 2016
nGUVU Technologies Inc., based in Montréal, Canada, specializes in cloud-based software solutions designed to enhance agent engagement in contact centers through gamification and machine learning. The company's innovative platform utilizes behavioral analytics to empower agents, fostering a motivating work environment that encourages self-management and continuous improvement. By integrating game-like mechanics into daily responsibilities, nGUVU transforms traditional performance metrics into engaging challenges and performance points, enabling agents to compete with one another and collaborate effectively. Additionally, the software provides managers with real-time visuals of performance, helping organizations to anticipate risks and drive overall effectiveness within their contact centers. As a subsidiary of Genesys Telecommunications Laboratories, Inc., nGUVU aims to revolutionize the contact center experience by prioritizing agent engagement and satisfaction.

Hopper

Series B in 2012
Hopper Inc. is a travel technology company that has developed a mobile application leveraging big data to predict and analyze airfare and hotel prices. Founded in 2007 and headquartered in Montreal, Canada, with additional offices in Cambridge, Massachusetts, New York, New York, and Sofia, Bulgaria, Hopper assists travelers in securing the best deals by providing timely notifications when flight and accommodation prices reach their predicted lowest points. By offering data-driven travel recommendations, Hopper enhances the booking experience for users, enabling them to make informed decisions and save money on their journeys.

Hopper

Series A in 2011
Hopper Inc. is a travel technology company that has developed a mobile application leveraging big data to predict and analyze airfare and hotel prices. Founded in 2007 and headquartered in Montreal, Canada, with additional offices in Cambridge, Massachusetts, New York, New York, and Sofia, Bulgaria, Hopper assists travelers in securing the best deals by providing timely notifications when flight and accommodation prices reach their predicted lowest points. By offering data-driven travel recommendations, Hopper enhances the booking experience for users, enabling them to make informed decisions and save money on their journeys.

Hopper

Seed Round in 2008
Hopper Inc. is a travel technology company that has developed a mobile application leveraging big data to predict and analyze airfare and hotel prices. Founded in 2007 and headquartered in Montreal, Canada, with additional offices in Cambridge, Massachusetts, New York, New York, and Sofia, Bulgaria, Hopper assists travelers in securing the best deals by providing timely notifications when flight and accommodation prices reach their predicted lowest points. By offering data-driven travel recommendations, Hopper enhances the booking experience for users, enabling them to make informed decisions and save money on their journeys.

MOBIVOX

Series A in 2007
Mobivox attempts to allow users to have VOIP-style pricing and service via their existing landlines and mobile phones. Mobivox users upload their contacts through [Mobivox](http://www.mobivox.com) and then dial a local access number that voice dials the recipient; the caller pays nothing if they are calling another Mobivox member and only 2 cents a minute to most locations to non-Mobivox members. The service competes with existing VOIP players like [Skype](http://www.crunchbase.com/organization/skype), [PeerMe](http://www.crunchbase.com/organization/peerme), and [Jajah](http://www.crunchbase.com/organization/jajah).

eXludus Technologies

Angel Round in 2005
eXludus Technologies, Inc. develops and markets system capacity management, virtualization, and provisioning solutions for data center, cluster, and grid deployments in commercial and public sector applications. The company offers Grid Optimizer software, a BioCluster solution that is developed for the life sciences market; and RepliCator Suite for data transfer mechanisms used to provide virtual machines. eXludus Technologies, Inc. was founded in 2003 and is headquartered in Montreal, Canada.
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