Business Development Bank of Canada

Founded in 1944, the Business Development Bank of Canada is a government-owned financial institution dedicated to supporting small and medium-sized enterprises (SMEs) across Canada. It offers a range of services including financing, consulting, subordinate financing, and venture capital.

Trevor Allibon

Managing Director, Subordinate Financing

Timothy April

Managing Director

Michel Bergeron

Management

Jean-Michel Domard

Senior Account Manager - Technologies Group

Kyle Feucht

Senior Director, Growth and Transition Capital

Jasmin Ganie-Hobbs

Director of Tech Financing

Lily Lam

Director, Funds

Patrick Latour

Senior Vice President

Vern Malcolm

Managing Director, Growth and Transition Capital

Benoît Mignacco

Vice President, Digital Lending

Mona Minhas

Partner

Anamika Mukherjee

Executive

Matt Price

Managing Director, Growth and Transition Capital

Sal Rabbani

Managing Partner, Advisory Services

Chantal Remy

Senior Vice President, Quebec and Atlantic and Advisory Services

Kunle Tauhid

Vice President, Financing and Consulting

David Wan

Director, Growth and Transition Capital

Ronald Warburton

Managing Partner

358 past transactions

GlitchSecure

Seed Round in 2025
GlitchSecure is a security platform focused on real-time continuous security testing to identify and remediate software vulnerabilities. The company provides year-round security assessments, expert-driven insights, and verified reports aimed at eliminating false positives. By offering ongoing monitoring of assets for vulnerabilities, GlitchSecure enables organizations to safeguard their products and infrastructure effectively. The platform is designed to deliver actionable results from experienced security researchers, helping users enhance their security posture and prevent breaches.

PrePad

Grant in 2025
PrePad provides advanced software solutions for optimizing capital lifecycle management, execution tactics, and asset development in the oil and gas drilling and completion industries.

SRTX

Venture Round in 2025
Sheerly Genius Inc. is a Canadian company specializing in the manufacture of pantyhose crafted from ballistic-grade fibers, similar to those used in bulletproof vests and climbing equipment. Founded in 2017 and headquartered in Port Carling, the company focuses on providing consumers with durable and stylish inner garments. Its innovative products are available for purchase through online retail channels, catering to a market that values both quality and resilience in apparel.

NanoPrecise Sci Corp

Series C in 2025
NanoPrecise Sci Corp specializes in predictive maintenance solutions for industrial equipment. It offers RotationLF, a hardware-software system that combines physics, material science, and data analytics to diagnose machinery issues and predict remaining time to failure. The solution extracts RPM, vibration, sound, temperature, and humidity data from a single sensor, using AI algorithms for anomaly detection and fault characterization. Serving sectors like petrochemical, utility, manufacturing, oil and gas, mining, and infrastructure, NanoPrecise Sci Corp was founded in 2015 with offices in Edmonton, Canada, and Bangalore, India.

Uresta

Seed Round in 2025
Uresta is a manufacturer of innovative bladder support devices aimed at helping women manage stress urinary incontinence. The device functions as a support shelf that prevents leaks during moments of pressure while allowing for unobstructed urination. Uresta's products are designed to provide a safe, comfortable, and reusable alternative to traditional non-absorbent pads made from hypoallergenic medical-grade polymers. By focusing on the needs of women experiencing incontinence, the company offers a practical solution that enhances everyday comfort and confidence.

Styx Intelligence

Seed Round in 2025
Styx Intelligence offers an AI-powered digital risk protection platform that safeguards digital assets from cyber threats. The platform provides visibility into an organization's attack surface, monitors public exposure of assets, and supports remediation of threats targeting digital assets. It helps manage risk across digital transformations, spanning cyber security, privacy, regulatory compliance, third-party risk, and brand protection. By delivering AI-driven insights, Styx Intelligence assists organizations in safeguarding assets and reducing exposure throughout the lifecycle of digital initiatives.

Nexera Robotics

Seed Round in 2025
Nexera Robotics develops a revolutionary robotic arm grasper designed for diverse applications. Their innovative technology combines hardware and software systems to enable robots to reliably grasp various objects without causing damage, thereby enhancing operational efficiency, speed, accuracy, and inventory management across industries.

Dispersa

Seed Round in 2025
Dispersa develops eco-friendly biosurfactants, made from food waste rather than food-grade sources. These palm- and petroleum-free surfactants aim to improve the sustainability and affordability of the biosurfactant market.

Hyperlume

Seed Round in 2025
Hyperlume Inc., based in Ottawa, Canada, specializes in developing advanced optical connectivity solutions. The company focuses on high-performance computing, artificial intelligence, and high-end processors, aiming to enhance data transfer speeds and enable scalable optical interconnects for edge computing platforms.

Certn

Venture Round in 2025
Certn develops a platform that uses machine learning and AI for applicant screening and risk management. It offers services such as criminal record checks, identity verification, employment & education verification, reference checks, and global background assessments. The platform predicts customer credibility through social profiling, behavioral profiling, and financial profiling.

Quadshift

Venture Round in 2025
Quadshift acquires and builds B2B software companies in niche vertical markets across North America, leveraging in-house finance, sales, marketing, creative, engineering, and management capabilities to create new opportunities and customer value, and aims to transform commerce across multiple industries through vertical market SaaS solutions.

LSL Pharma Group

Post in 2024
LSL Pharma Group is a manufacturing company that innovates and manufactures life sciences products. Formed to integrate the operations of its Canadian subsidiaries, each boasting over two decades of expertise, LSL Pharma Group excels as a niche manufacturer in the life science industry. The company offers turnkey formulation, development and manufacturing services.

MultiCloud Decentralized Applications

Debt Financing in 2024
Headquartered in Montreal, Canada, MultiCloud Decentralized Applications Inc. is revolutionizing the cloud storage industry with secure, scalable, and cost-effective solutions powered by decentralized infrastructure. Our flagship product, Cloud Libertas, is a cutting-edge storage platform that offers up to 50% cost savings compared to AWS S3, eliminates data transfer fees, and ensures end-to-end encryption, unlimited API calls, and seamless multi-cloud compatibility. MultiCloud’s expertise spans major cloud platforms like AWS, Azure, and Google Cloud Platform, allowing us to design architectures that prevent vendor lock-in while optimizing performance and scalability. Beyond storage, we also develop decentralized applications (DApps) to empower businesses with enhanced privacy, security, and resilience. We are committed to advancing Web 3.0 technologies and providing innovative solutions to meet the growing demands of the digital economy. Seeking Strategic Investors MultiCloud Decentralized Applications is actively seeking angel and institutional investors to accelerate our growth and expand our transformative offerings. Join us in building the future of decentralized cloud storage and infrastructure. For investment opportunities or to discuss strategic partnerships, please reach out via LinkedIn or through the contact form on our official website.

Laserax

Series C in 2024
Laserax designs and manufactures industrial laser systems for marking, cutting, welding, cleaning, and texturing across automotive, primary metals, and other manufacturing markets. It offers turnkey machines and OEM systems with high-speed marking in large workfields, safe operation, fume extraction, and performance optimization, plus laser process development and on-site support services. The company also provides custom laser solutions tailored to applications such as laser marking and traceability, materials-specific marking, and label-type marking. Its products serve aluminum, steel, die casting, extrusion, and general manufacturing industries. Founded in 2010 and based in Québec, Canada, Laserax supports customers with on-site support and safety assurances.

Mysa

Series B in 2024
Mysa is a developer of innovative high-voltage smart thermostats designed to optimize home heating while reducing energy costs. The company offers a fully featured thermostat that includes smart learning capabilities, which can lead to approximately 15% savings on energy bills. Mysa's Wi-Fi-enabled devices allow homeowners to monitor and control their home’s temperature remotely through a smartphone app, providing convenience and efficiency. Additionally, the thermostats utilize location tracking to identify and address any appliances that may be left on when the house is unoccupied. Mysa also generates detailed energy reports that inform users about their daily energy consumption and potential utility expenses. The thermostats seamlessly integrate with popular smart home platforms, including Amazon Alexa, Google Home, and Apple HomeKit, enhancing their utility and user experience.

Tracktile

Pre Seed Round in 2024
Tracktile is a software company that specializes in manufacturing process management. It helps businesses achieve traceability, gain visibility, and derive insights from their production processes. The platform models existing production processes, integrates with various touchpoints, and empowers operational performance and data management.

FLO

Series E in 2024
AddÉnergie Technologies Inc. is a leading Canadian company specializing in smart charging solutions for electric vehicles. Established in 2009 and based in Québec, the company develops, manufactures, and operates a range of charging stations tailored for various market segments, including the public sector, employers, multi-residential buildings, and fleets. Its product offerings include the SmartTWO and SmartDC charging stations for commercial and industrial use, as well as specialized solutions like the CoRe+ charger for private areas and the Curbside Charger. AddÉnergie is also the provider of the Electric Circuit and VERnetworkTM, two of Canada’s largest charging station networks, which collectively feature over 2,000 charging stations. The company supplies both the hardware and software necessary for managing these networks, and it is poised to expand its operations through new partnerships and networks internationally.

Cardinal Energy

Post in 2024
Cardinal Energy Ltd. is an oil and natural gas company based in Calgary, Canada, focused on the acquisition, exploration, and production of these resources primarily in Alberta and Saskatchewan. Established in 2010, Cardinal Energy operates several key properties, including Bantry, Mitsue, House Mountain, Grande Prairie, Wainwright, and Midale. The company specializes in producing low decline light, medium, and heavy quality oil, contributing to the energy landscape of Western Canada.

KOHO

Series D in 2023
KOHO Financial Inc. is a financial technology company founded in 2014 and headquartered in Toronto, Canada. The company offers a digital banking platform that provides low-cost banking services through a prepaid, reloadable Visa-backed debit card and a user-friendly mobile application. This platform enables customers to conduct day-to-day banking operations and includes features such as financial goal setting, cash flow projections, group spending management, and detailed spending insights. By equipping users with these tools, KOHO aims to simplify money management and enhance the overall banking experience for its customers.

Eavor Technologies

Series B in 2023
Eavor Technologies develops geothermal technology for clean, baseload power generation. Its proprietary Eavor-Loopâ„¢ system harvests heat from deep earth using wells to produce brine from a subsurface aquifer, enabling scalable heating applications with minimal environmental impact.

TerraVest Industries

Post in 2023
Terravest Capital Inc. is a publicly traded income trust that encompasses a diversified portfolio of businesses primarily focused on manufacturing and services in the energy sector. The company operates through several segments, including Home Heating and Cooling Products, Compressed Gas Storage and Distribution Equipment, Energy Processing Equipment, and Service. Its Compressed Gas Equipment segment is the largest revenue generator, producing engineered products for the storage, distribution, and dispensing of compressed gases, such as liquid propane. Additionally, Terravest manufactures home heating products, propane, anhydrous ammonia, natural gas liquids transport vehicles, storage vessels, and fiberglass storage tanks, positioning itself as a key player in the energy processing and distribution market.

Medreddie

Grant in 2023
Medreddie is a company that specializes in streamlining clinical procurement and market research within the healthcare sector. It has developed a medical procurement platform that aims to expedite the procurement process for healthcare equipment. Utilizing artificial intelligence, Medreddie's platform surveys the competitive landscape, provides access to fair request for proposal questions, and facilitates meaningful engagement with vendors and peers. This innovative approach enables hospitals to acquire essential equipment more efficiently, ultimately enhancing patient outcomes.

EverGen Infrastructure

Post in 2023
EverGen Infrastructure is a Canadian company dedicated to combating climate change by developing a Renewable Natural Gas Infrastructure Platform, primarily on the West Coast in British Columbia. The company operates three organic waste facilities and two renewable natural gas facilities, which convert organic materials into renewable natural gas. This initiative not only helps reduce greenhouse gas emissions but also supports communities in their transition to a more sustainable future. Through its operations, EverGen Infrastructure aims to promote the use of renewable energy and contribute to a carbon-free future.

Clear Blue Technologies

Post in 2023
Clear Blue Technologies International Inc. is a company that specializes in developing and selling smart off-grid power solutions. It provides innovative products designed to power, control, monitor, and manage solar and hybrid power systems for various applications, including street lights, security systems, telecommunications, emergency power, and Internet of Things (IoT) devices. The company offers a range of solutions, including solar and wind controllers, telecom solar power systems, illumience cloud controls, Nano-grid power packs, and solar and wind-powered outdoor lighting systems under the Illumient brand. Additionally, Clear Blue Technologies provides remote power management services, enabling users to monitor and control their systems over the Internet. Headquartered in Toronto, Canada, the company operates in multiple regions, including Canada, the United States, the Middle East, and Africa, promoting environmentally friendly and cost-effective energy solutions.

Arolytics

Seed Round in 2023
Arolytics is a software company specializing in emissions management and regulatory compliance for the energy sector. It offers a data management platform that enables enterprise management of methane data by aggregating and synthesizing inputs from diverse emissions sensors, automatically generating regulatory compliance reports, and suggesting actions to reduce pollution, thereby helping energy firms gain insights into methane measurements and achieve emissions reductions more efficiently.

Flojoy

Seed Round in 2023
Flojoy will assist with a new open source solution that allows firms that are traditionally excluded from the automated testing process to use no-code Python testing to construct test scripts in an automated manner.

Medreddie

Grant in 2023
Medreddie is a company that specializes in streamlining clinical procurement and market research within the healthcare sector. It has developed a medical procurement platform that aims to expedite the procurement process for healthcare equipment. Utilizing artificial intelligence, Medreddie's platform surveys the competitive landscape, provides access to fair request for proposal questions, and facilitates meaningful engagement with vendors and peers. This innovative approach enables hospitals to acquire essential equipment more efficiently, ultimately enhancing patient outcomes.

Opalia

Grant in 2023
Opalia develops milk and milk ingredients produced from mammary cells, offering a cow-free alternative to traditional dairy. Using mammary cells cultured in bioreactors, the company produces milk with the same nutritional profile and taste as conventional milk while eliminating the need for cows. The approach aims to reduce environmental impact and provide sustainable, ethical dairy options for consumers.

PragmaClin

Grant in 2023
PragmaClin is a Canadian MedTech company transforming neurological care through PRIMS® (PragmaClin Intelligent Motor System), an AI-driven, depth camera-based assessment platform. Designed to address the critical gaps in neurological diagnosis and monitoring, PRIMS® automates the clinical evaluation of motor symptoms starting with Parkinson’s disease. PRIMS® enables objective, standardized, and remote assessments aligned with MDS-UPDRS scales. The platform supports clinicians, hospitals, and researchers with real-time insights, reducing the subjectivity, cost, and delay associated with current evaluations. PRIMS® is validated through global partnerships, including studies in North America, Europe, and Asia, and is advancing through a De Novo FDA regulatory pathway. Scalable to other motor conditions, PRIMS® represents the future of decentralized, equitable, and data-driven neurological care.

TechJutsu

Grant in 2023
TechJutsu is a technology company specializing in Identity and Access Management (IAM) solutions. It offers a range of products and services, such as single sign-on, multi-factor authentication, privileged access management, and identity governance, to help organizations securely manage user access to critical systems and data.

Acrylic Robotics

Grant in 2023
Acrylic Robotics is an art-tech startup that leverages artificial intelligence and robotics to innovate within the fine art sector. The company has developed a platform that produces authenticated painted artwork at scale, utilizing robotics to create digital fingerprints of original works. This technology allows for the reproduction of art with real paint on canvas, providing artists with a means to digitize and automate the consumer art industry. Through its advancements, Acrylic Robotics aims to enhance the scalability and authenticity of fine art production.

Philer AI

Grant in 2023
Philer AI has been approved by the Law Society of Ontario as part of the Access to Innovation program, becoming the second technology platform in Ontario given the green light to deliver legal services to the end consumers.

Gaia Refinery

Grant in 2023
Gaia Refinery develops modular carbon removal technology that integrates with existing industrial operations to convert bio-based waste streams into permanent CO2 removal. Its Bio-DAC plug-in system leverages underutilized biomass and industrial waste to capture carbon dioxide with lower energy requirements than traditional direct air capture, aiming for scalable decarbonization of bio-industrial sectors such as biochar, bio-oil, pulp and paper, ethanol, and forestry. The technology is designed to be embedded in refineries and industrial facilities to provide cost-effective, permanent CO2 removal, including storage in underground, soil, oceans or trees, depending on deployment. Gaia aims to help organizations meet net-zero targets while improving resource efficiency and waste management. The company positions itself as enabling practical decarbonization by turning waste streams into climate value, offering a pathway to reduce industrial emissions through a modular, feedstock-friendly approach.

Acuicy

Grant in 2023
Acuicy is an AI-driven SaaS platform that helps businesses decarbonize by providing customized low-carbon options along with their financial returns. It enables companies to make informed decisions, save money, and reduce emissions.

Cheekbone Beauty

Grant in 2023
Cheekbone Beauty is an internet-first color cosmetics brand focused on sustainability and cruelty-free practices, with products not tested on animals designed for sensitive skin. The company develops and markets makeup ranging from liquid lipsticks to complexion products and contour and highlight palettes, reflecting a socially conscious approach to beauty.

Amp Health

Grant in 2023
Amp Health is a health technology company focused on preventing chronic disease in at-risk individuals, particularly prediabetics. The company develops digital health tools, including the Struggle app, that use machine learning and behavior change techniques to help users prevent the progression to diabetes. By analyzing blood data, activity and glucose levels, the app provides tips and prompts tailored to individual motivation and lifestyle, guiding diet and exercise choices. Amp Health aims to reduce the incidence of chronic disease over a ten-year horizon.

Tenomix

Grant in 2023
Tenomix develops novel technologies to improve pathology workflow and colorectal cancer staging. The company’s robotic scanning device guides pathology staff in efficient and reliable lymph node collection from surgically removed colon cancer tissues, enabling accurate identification of cancer spread and supporting optimized cancer care while reducing healthcare costs.

ORCHID Analytics

Grant in 2023
We are reimagining healthcare operations and management by developing evidence-based data-driven technologies to aid with decision-making.

Greymate Care

Grant in 2023
Greymate Care is a provider of in-home care services in Nigeria, focusing on the elderly, vulnerable, convalescent, and disabled individuals. The company offers a range of services including companionship, personal care, light housekeeping, meal preparation, and assistance with daily living activities such as bathing and dressing. Greymate Care's trained caregivers also support clients by accompanying them to social events, appointments, and engaging in conversations. The company emphasizes compassionate care that promotes independence and dignity, allowing clients to maintain a sense of inclusion within their communities while receiving the support they need in the comfort of their homes.

Recarbon

Grant in 2023
Recarbon is a technology company that develops a commercialization-ready process to recycle waste CO2 from flue gas by adding methane and using microwave plasma to convert the gases into hydrogen and carbon monoxide. It builds proprietary plasma generation systems that transform industrial carbon emissions into usable industrial gases, enabling sectors such as steel and cement to lower emissions while producing renewable energy and other value streams. Founded in 2011 and based in Santa Clara, California, the company focuses on advancing carbon transformation technology to support a more sustainable, circular economy.

North Star Payroll

Grant in 2023
North Star Payroll develops payroll software that simplifies payroll processing for businesses. The platform supports scheduling, uses AI to convert payroll data into actionable reports, and includes an employee self-service portal with time entry and approvals. It enables employers to automate payroll while addressing payroll, tax regulation, and HR complexities.

Nucliq Biologics

Grant in 2023
Nucliq Biologics will provide a simplified gut health report with detailed information about personalized food and customized probiotic recommendations for customers and doctors.

Noa Therapeutics

Grant in 2023
Noa Therapeutics is a preclinical biotechnology company specializing in the development of innovative, multimodal treatments for immune diseases. The company's approach involves creating a single, non-steroidal, small molecule with adjustable potency, targeting three distinct therapeutic pathways to simplify and enhance patient care.

Permalution

Grant in 2023
Permalution specializes in developing innovative solutions to address global water scarcity and climate change challenges. The company's core technology involves harvesting water from fog and clouds, utilizing mesh filters to capture water droplets in arid regions or areas with limited traditional water sources.

NLPatent

Grant in 2023
NLPatent is a pioneering AI-driven platform specializing in natural language patent search. It serves prominent Am Law 100 law firms and Fortune 500 companies, offering a proprietary fine-tuned Large Language Model for swift and accurate results. Users can input invention descriptions in full sentences, receiving conceptually relevant patent results within seconds, outperforming human experts. The platform excels in patentability evaluations and freedom-to-operate searches, often uncovering critical references missed by traditional methods. Additionally, NLPatent provides "AI + Human" outsourcing services in partnership with Global Patent Solutions, combining AI speed and accuracy with professional search expertise.

Myomar Molecular

Grant in 2023
Myomar Molecular develops a diagnostic tool to identify early stages of muscle atrophy. This technology enables physiotherapists and medical doctors to assess therapy approaches, reduce hospitalization time, and monitor recovery progress.

Waggle Mail

Grant in 2023
Waggle Maill combines simplicity and customization by selecting high-quality, dependable products that are appropriate for your dog's age, needs, and breed. Less time spent buying equals more time spent bonding.

NANOSentinel Technologies

Grant in 2023
NANOSentinel Technologies offers a B2B platform as a service, specializing in metal monitoring solutions for clean tech manufacturers.

trippl

Grant in 2023
Trippl is a software company that provides map-based itinerary planning solutions for Destination Marketing Organizations (DMOs). Its platform enables DMOs to showcase their curated data, helping consumers plan, route, and book trips directly on destination websites. This enhances visitor engagement, optimizes marketing strategies, and promotes sustainable travel practices.

LyfeMD

Grant in 2023
LyfeMD is a wellness application focused on managing inflammatory bowel disease through a holistic approach to digestive health. The company offers a platform that provides customized, doctor-recommended advice tailored to each patient's specific needs. This includes disease-specific nutrition plans, recipes, and guidance on physical activities and yoga-based therapies. By integrating these components, LyfeMD enables patients to make informed nutrition and lifestyle changes that complement their medical treatments, ultimately promoting improved health and well-being.

NanoTerraTech Advanced Materials

Grant in 2023
NanoTerraTech has developed Environmentally Friendly and Sustainable Advanced Materials from Forestry Waste that Replaces Fossil Fuel Derived Carbon Materials in Manufacturing. Producers of BIO-Graphite, Carbon Black, Carbon Nanotubes, Carbon Nanofibers, Activated Carbon

Ora Medical

Grant in 2023
Ora Medical develops rehabilitation technology focused on mobility impairments. The company offers smart walking aids that adapt in real time with artificial intelligence to improve patients' progress and support independent mobility. Its first device, Levity, is a pediatric gait trainer with a partial weight-bearing mechanism that lets children interact with their environment using their arms while providing real-time data for clinicians and caregivers to monitor progress.

Northstar Clean Technologies

Post in 2023
Northstar Clean Technologies, established in 2017 and headquartered in Delta, British Columbia, specializes in the recycling of single-use asphalt shingles. The company employs proprietary process technology to extract and recover valuable components such as asphalt cement, fiberglass, and mineral aggregates. These recovered materials are then repurposed for use in asphalt pavement, shingle manufacturing, and various construction products, contributing to environmentally-friendly reprocessing solutions. Operating primarily within Canada, Northstar Clean Technologies is dedicated to promoting sustainability in the construction and industrial sectors through its innovative recycling efforts.

Healthybud

Debt Financing in 2023
Healthybud is a Canadian pet wellness company dedicated to enhancing dogs' lives through innovative nutrition. They collaborate with veterinarians, nutritionists, and universities to create unique, healing foods for dogs, aiming to improve their overall health and longevity.

Vive Crop Protection

Series C in 2023
Founded in 2006, Vive Crop Protection develops and markets sustainable crop protection products, including fungicides, insecticides, and nematicides. The company's Allosperse Delivery System enhances the targeting and performance of these products, enabling farmers to increase crop yields while using fewer resources.

Royal Helium

Post in 2023
Royal Helium Ltd. is a helium exploration and development company based in Saskatoon, Canada, with a focus on primary helium production in southern Saskatchewan and southeastern Alberta. The company holds helium leases and permits that have been thoroughly evaluated for their helium potential over a period of two years, with assessments conducted by experts in geology and engineering. Royal Helium has established a strategic collaboration with The Saskatchewan Research Council to advance the development of a helium facility. Its projects benefit from proximity to established oil and gas infrastructure, as well as accessibility via highways and roads, enhancing the feasibility of its operations.

Optel Group

Private Equity Round in 2023
Optel Group specializes in traceability systems primarily for the pharmaceutical and medical device sectors. The company offers solutions that ensure the quality of consumer health products and combat counterfeiting. By providing comprehensive traceability of product distribution, Optel helps organizations achieve regulatory compliance while enhancing supply chain intelligence. Its technologies enable clients to identify, verify, and track individual products, which fosters trust with suppliers and customers. Additionally, Optel is expanding its expertise to other industries, including health-related sectors and smart manufacturing, to promote end-to-end traceability and operational efficiencies. This adaptability positions Optel as a crucial partner in ensuring product safety and maximizing resource utilization across various markets.

Summit Nanotech Corporation

Series A in 2023
Summit Nanotech Corporation is a Calgary-based cleantech company developing direct lithium extraction technology for lithium producers, with modular systems designed for scalable deployment and a focus on sustainable, water-efficient operations. Founded in 2018, it collaborates with mining companies and lithium asset owners in Chile and Argentina to reduce environmental impact and lower costs compared with traditional methods.

Tuktu Care

Pre Seed Round in 2023
Tuktu Care is a community-based service provider that connects individuals needing support to local companions for everyday tasks. The platform facilitates assistance with activities such as shopping, cleaning, cooking, and transportation to appointments. By leveraging an AI-driven approach, Tuktu efficiently identifies and matches users with suitable companions, ensuring a personalized experience akin to familial support. This model addresses the challenges faced by traditional service providers, offering a cost-effective and flexible alternative that enables users to maintain their independence and quality of life while receiving the necessary help for daily errands and companionship.

Magnestar

Pre Seed Round in 2023
Magnestar develops a platform monitoring space signal communications. It simulates interference scenarios, facilitates collaborative coordination, and enables real-time analysis for satellite and Earth system operators.

Royal Helium

Post in 2022
Royal Helium Ltd. is a helium exploration and development company based in Saskatoon, Canada, with a focus on primary helium production in southern Saskatchewan and southeastern Alberta. The company holds helium leases and permits that have been thoroughly evaluated for their helium potential over a period of two years, with assessments conducted by experts in geology and engineering. Royal Helium has established a strategic collaboration with The Saskatchewan Research Council to advance the development of a helium facility. Its projects benefit from proximity to established oil and gas infrastructure, as well as accessibility via highways and roads, enhancing the feasibility of its operations.

Foodtastic

Debt Financing in 2022
Foodtastic is a Quebec-based franchisor that operates a diverse portfolio of restaurant concepts, including La Belle et La Boeuf, Carlos & Pepe's, Souvlaki Bar, Nickels, and Bacaro. With over 900 restaurants in its system generating more than $830 million in sales, Foodtastic is a prominent player in the restaurant industry. The company provides a variety of culinary styles and beverages, creating entertaining dining experiences for its customers. Additionally, Foodtastic is expanding its reach internationally, boasting over 100 restaurants outside of Canada.

Swiss Water

Post in 2022
Swiss Water Process removes caffeine from coffee for leading coffee roasters throughout the United States and 56 different countries around the world. As the only consumer-branded decaffeination process, Swiss Water Process stands for environmentally responsible, chemical-free caffeine removal for Specialty Coffees.

Hojicha

Debt Financing in 2022
Hojicha Co. brings the authentic hojicha experience to homes and cafes outside of Japan by offering freshly roasted hojicha made from tea leaves grown exclusively in Kyoto. As the leading supplier of hojicha in North America and the UK, Hojicha Co. offers a wide range of roasted green tea leaves and the original Hojicha Powder, the key ingredient for the famous hojicha latte.

Good Natured Products

Post in 2022
Good Natured Products Inc is a manufacturer and distributor of a diverse range of eco-friendly products primarily made from renewable, plant-based materials. The company focuses on producing items that are free from harmful chemicals such as BPAs and phthalates, ensuring safety for both human health and the environment. With over 400 offerings, Good Natured operates across five main categories: General Merchandise, Packaging, Industrial, Commercial Supplies, and Services. Their product line includes home and business goods, food packaging, and medical supplies, catering to various markets through wholesale, direct-to-business, and retail channels. The company's mission emphasizes minimizing waste and reducing environmental impact while promoting a fresh and approachable brand image.

Fieldless Farms

Debt Financing in 2022
Fieldless Farms is an AgTech startup that produces leafy greens year-round using indoor farming technology. Fieldless' products are produced in a controlled environment, making it safe to eat right out of the box with no washing required. Fieldless is on a mission to replace foreign products and complex supply chains with foods that are safer, more secure, and more sustainable.

Fieldless Farms

Series A in 2022
Fieldless Farms is an AgTech startup that produces leafy greens year-round using indoor farming technology. Fieldless' products are produced in a controlled environment, making it safe to eat right out of the box with no washing required. Fieldless is on a mission to replace foreign products and complex supply chains with foods that are safer, more secure, and more sustainable.

Dynamic Capital Equipment Finance

Debt Financing in 2022
Dynamic Capital Equipment Finance is a financial services finance company located in Kelowna.

Entosystem

Venture Round in 2022
Entosystem is a Canadian company based in Sherbrooke, founded in 2016, that specializes in the production of entomological proteins and flour derived from insects. The company employs innovative insect farming technologies to convert food waste from grocery stores into high-value insect protein products aimed at the animal nutrition market. Entosystem's offerings include dried larvae and live larvae, which are designed to provide nutritional benefits for livestock, such as fish and poultry. By focusing on sustainable practices, Entosystem positions itself as a key player in the circular agriculture economy, contributing to the reduction of food waste while supporting a more sustainable agri-food sector. The company currently employs a small team to support its operations.

Andion

Private Equity Round in 2022
Andion Global is a technology provider specializing in wastewater treatment and organic waste handling services for corporations and municipalities. The company focuses on creating renewable energy from organic feedstocks and offers a comprehensive solution that makes organic waste management efficient, sustainable, and economically viable. Andion aims to assist clients in meeting their carbon reduction targets by processing various types of organic waste, thereby minimizing greenhouse gas emissions associated with transportation, landfills, and waste incineration.

Axya

Seed Round in 2022
Axya is a startup that offers an online platform designed to connect small and medium-sized shop owners with suppliers in the manufacturing sector. The company provides a user-friendly marketplace that standardizes and centralizes the subcontracting process, addressing the complexities faced by buyers and suppliers. Through its innovative platform, Axya enables users to make informed decisions by providing valuable insights, streamlining the outsourcing process in the manufacturing industry.

Dozr

Series B in 2022
Dozr is a Canadian-based online marketplace that connects equipment renters with lenders, enabling users to search, book, and list idle heavy equipment across construction, agriculture, forestry, and related sectors. The platform facilitates short- and long-term rentals of assets such as excavators, loaders, skid steers, tractors, trucks, lifts, trailers, and power tools, helping equipment owners monetize idle inventory while contractors access equipment at lower rental costs. Through its e-commerce-enabled marketplace, Dozr aims to digitize North America's equipment rental market and has expanded with WebStores, offering individualized e-commerce storefronts for rental companies. Founded in 2015 and based in Kitchener, Dozr serves a range of users from multinational construction firms to small operators, farmers, equipment dealers, and OEMs by providing a centralized platform to discover, compare, and secure rental solutions.

KOHO

Series D in 2022
KOHO Financial Inc. is a financial technology company founded in 2014 and headquartered in Toronto, Canada. The company offers a digital banking platform that provides low-cost banking services through a prepaid, reloadable Visa-backed debit card and a user-friendly mobile application. This platform enables customers to conduct day-to-day banking operations and includes features such as financial goal setting, cash flow projections, group spending management, and detailed spending insights. By equipping users with these tools, KOHO aims to simplify money management and enhance the overall banking experience for its customers.

Sierra Wireless

Post in 2022
Sierra Wireless, Inc. is a provider of device-to-cloud Internet of Things (IoT) solutions, primarily operating in North America, Europe, and the Asia Pacific. The company is structured into two main segments: IoT Solutions and Embedded Broadband. The IoT Solutions segment delivers recurring connectivity services, cloud management software, and cellular modules and gateways, while the Embedded Broadband segment focuses on high-speed cellular embedded modules used in various applications, including automotive and mobile computing. Sierra Wireless serves a diverse clientele, including enterprises, industrial firms, and original equipment manufacturers (OEMs), utilizing both direct and indirect distribution channels such as distributors and mobile network operators. Founded in 1993 and headquartered in Richmond, Canada, Sierra Wireless has established itself as a key player in the wireless communication equipment sector, addressing the needs of industrial, commercial, and public safety markets.

Vosker

Debt Financing in 2021
Vosker provides remote area monitoring technology using solar power and artificial intelligence for cutting-edge surveillance solutions. It offers mobile security cameras that operate on 4G/LTE networks and are powered by solar energy, providing surveillance capabilities. These cameras are primarily used in various industries. Vosker was founded in 2018, and headquartered in Victoriaville, Quebec.

Nicoya Lifesciences

Series A in 2021
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.

General Fusion

Series E in 2021
General Fusion Inc., established in 2002 and headquartered in Burnaby, Canada, specializes in developing commercial Magnetized Target Fusion (MTF), a hybrid fusion method combining magnetic confinement and inertial confinement principles. The company focuses on creating utility-scale fusion power using its patent-pending MTF concept, which has the potential to provide clean, safe, and economical energy. General Fusion develops key subsystems such as plasma injectors, acoustic drivers, and liquid metal vortex compression tests to advance its MTF technology. Backed by a global syndicate of investors, industry leaders, and technology pioneers, General Fusion aims to demonstrate and commercialize its innovative fusion power plants by the end of the decade.

Booxi

Seed Round in 2021
Booxi is a Montreal-based retail technology company that specializes in appointment booking software tailored for retailers. Its platform enhances the customer experience by simplifying appointment scheduling and management. Booxi's software includes features such as Customer Relationship Management (CRM), online payment processing, and staff calendar management, allowing businesses to efficiently manage their operations related to events and appointments. By streamlining these processes, Booxi enables retailers to focus on improving service delivery and customer satisfaction.

Terranova Security

Debt Financing in 2021
Terranova Security provides phishing, GDPR, and security awareness programs to change behaviors and reduce data breaches. Terranova Security's products are the foundation for creating programs in information security, sustainable development, privacy, and other compliances, which are driven by internal policies and regulatory and compliance requirements. It's to reduce the human risk factor to effectively counter all cyber attacks.

Grüvi

Seed Round in 2021
Grüvi is a producer of non-alcoholic craft beer and wine, offering a range of alcohol-free beverages including an alcohol-free dry red blend, dry secco, and bubbly rose. The company aims to foster an inclusive community and support healthier daily choices by providing tasty alternatives for social occasions.

AON3D

Series A in 2021
AON3D develops advanced manufacturing technologies for industrial 3D printing. They specialize in physics-informed software, sensing systems, and hardware designed to print high-performance thermoplastics. Their printers operate under hot conditions suitable for advanced materials, serving clients across aerospace, research & development, automotive, and industrial sectors.

#Paid

Series B in 2021
#Paid is a technology company that offers a creative marketing platform designed to facilitate collaboration between brands and social media creators. The platform enables brands to connect with a diverse array of artists, travelers, storytellers, and photographers globally, allowing for authentic product placements on social media. By transforming creator-generated content into paid advertisements, #Paid promotes engaging partnerships that enhance brand visibility and reach. With a focus on meaningful collaborations, the company streamlines the process for brands looking to leverage the influence of creators in their marketing campaigns.

MSP Corp

Funding Round in 2021
MSP Corp is an information technology services company that acquires and partners with high-performing managed service providers in Canada and the United States to supply resources, technology, and business support that enable MSPs to deliver better services. The company provides end-to-end secure managed services for on-premises and hybrid cloud environments, including cybersecurity, managed IT services, network support, helpdesk assistance, and procurement management. By integrating technology solutions and operational support, MSP Corp helps its partner MSPs scale, improve cybersecurity posture, and deliver comprehensive IT management for clients across diverse industries.

NuChem Sciences

Venture Round in 2021
NuChem Sciences is a contract research organization based in Montréal that specializes in drug discovery services for the pharmaceutical and biotechnology sectors. It serves a diverse clientele that includes biotech companies, pharmaceutical firms, and academic research laboratories across North America. The organization offers a wide array of services in medicinal chemistry and drug discovery biology, encompassing fragment screening, structure-activity relationship design, and computational drug design. By providing relevant data and expertise, NuChem Sciences aims to support its clients in advancing their projects efficiently in various therapeutic areas such as inflammation, diabetes, cancer, obesity, infectious diseases, and pain management.

E-SMART

Funding Round in 2021
E-SMART is a technology company that provides software solutions for a safer fleet. It develops and manufactures innovative software solutions that allow fleets to significantly improve vehicle safety while also lowering fuel consumption. With its innovative advanced driver assistance system and the E-SMART Intelligent Speed Adaptation solution, it is assisting fleets in setting new safety standards across the board. Intelligent Speed Adaptation (ISA), also known as Active Speed Management (ASM) or Advanced Driver Assistance System (ADAS), reduces speeding incidents by up to 88%. The ability to control speed in all locations by governing speed to each speed zone in real time. In order to avoid bridge strikes, the E-SMART technology detects low bridges and alerts the driver of a potential low bridge.

Hydrostor

Venture Round in 2021
Hydrostor develops compressed air energy storage solutions for electricity systems. Its emission-free technology addresses needs for dispatchable capacity, renewable integration, transmission deferral, and behind-the-meter applications. The company serves customers in North America and Australia, with a strategic partnership with AECOM.

Spark

Series A in 2021
Spark is a platform specifically designed to power the entire process of selling and marketing real estate. Using technology to help turn leads into buyers, inventory into contracts, and information into usable metrics. Spark is a safe, secure and cost-effective solution for selling and marketing real estate.

Novamera

Series A in 2021
Novamera specializes in sustainable mining, utilizing advanced subsurface imaging and directional drilling technology to extract gold, copper, and other ores from steeply dipping, narrow vein deposits deemed uneconomic via conventional methods. Based in Mississauga with an additional office in Baie Verte, Canada.

Comet Biorefining

Series C in 2021
Comet Biorefining, Inc. is a Canadian company specializing in the development of sustainable ingredients and products derived from agricultural waste. It focuses on producing high-quality cellulosic glucose syrup, which is generated through its proprietary technology that converts materials such as wood, wheat straw, bagasse, and corn stover. This innovative approach provides a cost-effective and stable alternative to traditional food sugar sources. In addition to glucose syrup, Comet Biorefining offers plant dietary fibers and animal nutrition products. The company also provides biomass conversion and pretreatment services, alongside a range of consulting and project development services aimed at enhancing process technology and business development within the renewable biofuels and biochemicals sectors. With a demonstrated capacity for production at a small scale, Comet is actively pursuing commercial scale-up and partnerships to further its impact in the renewables industry.

Buddha Brands

Venture Round in 2021
Buddha Brands is a producer of plant-based snacks and beverages that prioritizes clean and purposeful ingredients, allowing consumers to make health-conscious choices. The company offers a range of products, including Thirsty Buddha coconut water, sparkling coconut water, and Hungry Buddha nutrition bars, all crafted from vegan ingredients and free from common allergens such as dairy, soy, and peanuts. By focusing on mindful eating, Buddha Brands aims to promote healthier lifestyles and empower communities to lead positive, health-oriented lives. Its offerings cater to various dietary preferences, including certified vegan, keto, and gluten-free options, ensuring that customers have access to nutritious and delicious alternatives.

Paper

Series C in 2021
Paper is an educational technology company that provides personalized tutoring support for students. Its platform offers live help, essay feedback, real-time reports, and intervention tools to facilitate learning and assist teachers. Founded in 2014, Paper is headquartered in Montreal, Canada.

Tulip

Series C in 2021
Tulip Retail, Inc. is a cloud-based mobile platform designed specifically for retail store associates, founded in 2013 and headquartered in Toronto, Canada, with additional offices in Kitchener, London, Caerano di San Marco, and New York. The platform offers a suite of tools that empower store associates by providing real-time access to product and inventory information, customer profiles, and a variety of features for assisted selling and clienteling. Key components include a mobile associate app, checkout capabilities for omnichannel orders, and modules for streamlined store communications and look building based on customer preferences. By integrating mobile technology into the retail environment, Tulip aims to enhance the in-store shopping experience, boost sales, and improve customer service for leading retailers.

Agendrix

Venture Round in 2021
Agendrix is a cloud-based workforce management software designed to streamline employee scheduling, timesheet tracking, and workplace communication. The platform allows organizations to create schedules quickly, enabling employees to access their schedules anytime and anywhere via mobile or web applications. Agendrix centralizes employee availability, preferences, and leave requests, allowing workers to submit their own requests for approval. The software automatically records clock-in and clock-out times, simplifying timesheet management and facilitating seamless export to payroll systems. Additionally, it features tools for managing open shift requests and includes an internal messaging system for professional communication among employees. By enhancing visibility and efficiency, Agendrix supports organizations in improving employee retention and optimizing workforce management.

Introhive

Series C in 2021
Introhive, Inc. is a Canadian technology company based in Fredericton, New Brunswick, that specializes in developing contact mining software applications. Founded in 2012 by Jody Glidden and Stewart Walchli, the company offers a software-as-a-service (SaaS) platform designed to enhance revenue generation and improve customer experience management. Introhive's platform integrates relationship intelligence into customer relationship management (CRM) systems, utilizing data automation to accelerate sales processes. The company's enterprise relationship management solution provides valuable insights into client and prospect relationships, streamlining tasks such as sales hiring, prospecting, territory assignment, renewals, and lead scoring. By transforming disorganized data into actionable insights, Introhive aims to boost productivity and facilitate CRM adoption for its clients.

ApplyBoard

Series D in 2021
ApplyBoard is a technology company that simplifies the study abroad search, application, and acceptance process by connecting international students, recruitment partners, and educational institutions on a single platform, streamlining the journey from discovery to enrollment. The company operates globally, with headquarters in Kitchener, Ontario, and a dedicated office in Gurugram, India, reflecting its international reach.

Laurentide Paint

Private Equity Round in 2021
Laurentide Paint is a manufacturer and supplier of paint products.

Clir Renewables

Series B in 2021
Clir Renewables Inc. is a company that specializes in cloud-based renewable energy asset management and reporting software. Founded in 2016 and headquartered in Vancouver, Canada, with an additional office in Glasgow, United Kingdom, Clir's software-as-a-service platform is designed to assist asset managers and owners in optimizing the performance and profitability of renewable energy plants. By integrating deep domain expertise with artificial intelligence, Clir’s platform enhances annual energy production, monitors asset health, and effectively manages financial and technical risks associated with renewable energy assets.

Xanadu

Series B in 2021
Xanadu, founded in 2016, is a company dedicated to advancing quantum computing technology, focusing on its societal implications and practical applications. The organization aims to provide quantum computing on demand, achieving significant computational enhancements beyond classical methods for complex real-world challenges. Xanadu operates a quantum photonic platform that integrates quantum silicon photonic chips with existing hardware, creating a comprehensive quantum computing solution. By combining the expertise of leading scientists with industry professionals, Xanadu seeks to develop scalable quantum technologies that are accessible to a wide range of users, enabling them to address various business problems efficiently.

The GIST

Debt Financing in 2021
The GIST is a media company based in Toronto, Ontario, that focuses on providing sports content, experiences, and community specifically for women. Founded in 2017, The GIST curates and contextualizes sports news to empower and engage underserved sports fans who often feel excluded from mainstream conversations. The company offers a variety of platforms, including e-newsletters, social media content, a dedicated website, and GIST Viewing Parties, fostering a sense of community among its audience. By addressing the lack of diversity in the sports industry, The GIST aims to create a more inclusive environment where all fans can connect and engage with sports culture.

Neurescence

Debt Financing in 2021
Founded in 2014, Neurescence Inc. specializes in developing innovative assessment tools for brain diseases. The company offers GRIN lenses for neural imaging and Quartet, a miniature fluorescence microscope optimized for neuronal calcium imaging.
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