The Business Development Bank of Canada (BDC), established in 1944 and headquartered in Montreal, is a financial institution dedicated to supporting small and medium-sized enterprises (SMEs) across Canada. BDC offers a range of financial products and services, including business loans, corporate financing, and subordinate financing, as well as consulting services related to strategic planning, human resource management, and international expansion. With a focus on various industries such as aerospace, automotive, construction, fisheries, food and beverage, manufacturing, mining, oil and gas, technology, and tourism, BDC operates through a network of over 100 offices, providing services in both official languages.
SVP Growth and Transition Capital, Wholesale Financing
Nicole Leite
Principal
Vern Malcolm
Managing Director, Growth and Transition Capital
Mona Minhas
Partner
Mike Notto
Partner
Sal Rabbani
Managing Partner, Advisory Services
Andrianiaina Rajaobelina
Associate Principal
Chantal Remy
Senior Vice President, Quebec and Atlantic and Advisory Services
Kunle Tauhid
Vice President, Financing and Consulting
Maxime Tourangeau
Partner
David Wan
Director, Growth and Transition Capital
354 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
SRTX is a textile manufacturer that develops and sells unbreakable stockings. The company's pantyhose is made with the same type of fiber found in bulletproof vests and climbing equipment, enabling women to find and purchase premium and stylish inner garments.
Nanoprecise
Series C in 2025
Nanoprecise Sci Corp is a Canadian company specializing in condition monitoring systems that leverage the Internet of Things and artificial intelligence. Founded in 2015 and based in Edmonton, with an additional office in Bangalore, India, the company offers RotationLF, an innovative hardware and software solution. This system integrates principles from physics and material science with advanced data analytics to diagnose machinery issues and predict remaining time to failure. The RotationLF sensors uniquely capture multiple data points, including RPM, vibration, sound, temperature, and humidity. The accompanying software utilizes AI algorithms to analyze this data, enabling anomaly detection, fault characterization, and predictive maintenance. Nanoprecise's solutions are applicable across various sectors, including petrochemical, utilities, manufacturing, HVAC, oil and gas, mining, and infrastructure, providing industries with a cost-effective means to enhance asset reliability and prevent failures.
Uresta
Seed Round in 2025
Uresta is a manufacturer of bladder support devices aimed at helping women manage stress urinary incontinence. The device functions as a support shelf, effectively preventing leaks during moments of pressure while allowing for unobstructed urination. Uresta offers a solution that eliminates the need for traditional non-absorbent pads, utilizing hypoallergenic medical-grade polymer to create devices that are safe, comfortable, and reusable. This innovative approach empowers women to regain control over unexpected leaks, enhancing their quality of life.
Styx Intelligence
Seed Round in 2025
Styx Intelligence is an AI-driven platform that specializes in digital risk protection, helping businesses safeguard their assets from cyber threats. The company focuses on providing visibility and facilitating remediation strategies against risks that target digital assets. By monitoring a range of channels, including public attack surfaces, social networks, and various online forums, Styx Intelligence identifies potential exposures and vulnerabilities. Its services encompass areas such as cyber threats, privacy concerns, regulatory compliance, third-party risks, and brand protection, enabling organizations to effectively manage the risks associated with digital transformations.
Nexera Robotics
Seed Round in 2025
Nexera Robotics is focused on developing advanced robotic arm grasper technology that integrates both hardware and software systems. This innovative platform addresses the challenge of enabling robots to reliably grasp a wide variety of objects without causing damage. By providing grasping technology capable of handling diverse items, Nexera Robotics aims to enhance operational efficiency across various industries. Their solutions improve order processing speed and accuracy while effectively managing large and varied inventories, thereby addressing critical needs in automation and robotics.
Dispersa
Seed Round in 2025
Dispersa specializes in the development of environmentally friendly biosurfactants, which are derived from food waste instead of traditional food-grade sources. By utilizing microbes, the company transforms food waste into sustainable surfactants that effectively disperse oil particles. These biosurfactants form micelles, structures that encapsulate hydrocarbons, facilitating their breakdown and removal. Dispersa's innovative approach aims to enhance the sustainability and affordability of the biosurfactant market, offering a viable alternative to synthetic and petroleum-based surfactants. This positions Dispersa as a leader in providing eco-friendly solutions for various industries, promoting a circular economy and reducing reliance on non-renewable resources.
Hyperlume
Seed Round in 2025
Hyperlume Inc., an avant-garde deep-tech venture based in Ottawa, Canada, is pioneering a groundbreaking ultra-low optical connectivity solution tailored for the realms of high-performance computing (HPC), artificial intelligence (AI), and cutting-edge processors destined for the forefront of edge computing platforms.
Certn
Venture Round in 2025
Certn is a company that specializes in risk management solutions for employers, landlords, and property management firms. It offers a comprehensive platform for applicant screening that includes services such as criminal record checks, identity verification, employment and education verification, and reference checks. The company utilizes artificial intelligence to enhance its background screening process, allowing for faster and more efficient verification of diverse backgrounds. One of its key offerings is the proprietary Softcheck, which scans over 100,000 databases worldwide for negative news, watchlists, and various violations, delivering results in a matter of minutes. Through its services, Certn aims to streamline the hiring process and improve the overall experience for recruiters and property managers.
Quadshift
Venture Round in 2025
Quadshift is a venture builder firm established in 2017 and based in Toronto, Canada. The company specializes in acquiring and developing B2B software companies within niche vertical markets. By leveraging its expertise in finance, sales, marketing, creative, engineering, and management, Quadshift aims to create new opportunities and enhance customer value. The firm is dedicated to transforming commerce across various industries through the provision of world-class 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 manufactures industrial laser machines and systems for specific applications in the automotive, primary metals, as well as other manufacturing markets.
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 Create and manage your production process to achieve verifiable traceability and to gain visibility and insights.
FLO
Series E in 2024
FLO operates an electric vehicle charging network to provide smart charging services. Its platform helps to overcome climate change and accelerate EV adoption through a vertically integrated business model.
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 is a Toronto-based company founded in 2014 that offers an application-based banking platform designed to simplify financial management for users. The platform facilitates day-to-day banking operations while providing a range of tools, including goal setting, cash flow projections, group spending features, and detailed spending insights. These resources enable users to effectively manage their expenses and banking activities from their mobile devices, enhancing their overall financial management experience.
Eavor
Series B in 2023
Eavor is a technology-driven energy company that offers a clean, carbon-neutral, and scalable solution for baseload power generation. By addressing the challenges associated with traditional geothermal energy, Eavor has developed a unique system that utilizes existing commercial components in an innovative manner. The company's technology circulates a benign working fluid in a closed loop, allowing it to collect heat from the earth's natural geothermal gradient at accessible rock temperatures. This approach enables the generation of industrial-scale heat and electricity while minimizing environmental impact. Eavor's integration of advanced drilling techniques and heat-to-power generation technology results in a steady and reliable source of green power, positioning the company as a leader in the renewable energy sector.
TerraVest Industries
Post in 2023
TerraVest Capital Inc. is a publicly traded income trust with a portfolio of diversified businesses and whose stated objective.
Medreddie
Grant in 2023
Medreddie is a company that focuses on streamlining the procurement of medical equipment and conducting market research to enhance healthcare delivery. Its platform leverages artificial intelligence to analyze the competitive landscape, formulate fair request for proposal (RFP) questions, and facilitate effective communication with vendors and peers. By improving the procurement process, Medreddie enables hospitals to acquire essential equipment, ultimately aiming to enhance patient outcomes.
EverGen Infrastructure
Post in 2023
EverGen, Canada’s Renewable Natural Gas Infrastructure Platform, is combating climate change and helping communities contribute to a sustainable future, starting on the West Coast.
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 that focuses on emissions management and regulatory compliance for the energy sector. It has developed a data management platform aimed at helping energy companies optimize their emission reduction strategies. The platform specializes in the enterprise management of methane data, integrating information from various emissions sensors and automatically generating compliance reports. Additionally, Arolytics' solution offers recommendations for pollution reduction, enabling energy firms to gain valuable insights into methane measurement and achieve lower costs in their emissions reduction efforts.
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 focuses on streamlining the procurement of medical equipment and conducting market research to enhance healthcare delivery. Its platform leverages artificial intelligence to analyze the competitive landscape, formulate fair request for proposal (RFP) questions, and facilitate effective communication with vendors and peers. By improving the procurement process, Medreddie enables hospitals to acquire essential equipment, ultimately aiming to enhance patient outcomes.
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.
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.
Gaia Refinery
Grant in 2023
Gaia is developing wind-driven methane-capture technology to produce rocket-grade natural gas.
NLPatent
Grant in 2023
NLPatent is a leading AI-based natural language patent search platform used by many Am Law 100 Firms and several Fortune 500 companies. The platform, built from a proprietary fine-tuned Large Language Model, allows users to describe inventions in full sentences, and generates results that are conceptually relevant to the query. NLPatent not only generates results very quickly (seconds vs. hours), but it consistently outperforms human experts. It's an excellent resource for quickly evaluating patentability and conducting more in-depth freedom-to-operate and invalidity searches, often uncovering critical references missed by traditional approaches. NLPatent also offers "AI +Human" outsourcing services through their partnership with Arizona-based search firm, Global Patent Solutions, which can be ordered directly through the NLPatent app. This unique offering combines the expertise of professionally trained searchers with the speed and accuracy of the AI platform, which each analyst is trained to use as part of every search.
Opalia
Grant in 2023
Opalia is a manufacturer of milk and milk ingredients derived from mammary cells, aiming to provide an alternative to traditional cow milk. The company utilizes advanced technology that allows it to produce real milk without the use of cows, ensuring that its products maintain comparable concentrations of nutrients and flavor to conventional dairy. Opalia's offerings are designed to meet the performance and taste expectations of consumers while promoting a more sustainable and ethical approach to dairy production. Through its innovative methods, Opalia is positioned to deliver high-quality milk and milk ingredients that cater to the growing demand for alternatives to traditional dairy products.
ReCarbon
Grant in 2023
ReCarbon, Inc. is a technology company based in Santa Clara, California, focused on recycling waste carbon dioxide emissions into valuable products. Founded in 2011, ReCarbon develops proprietary plasma generation systems that utilize microwave plasma technology to convert flue gas emissions, specifically CO2 and methane, into clean hydrogen and syngas. The company's innovative platform targets significant carbon dioxide emitters, including industrial operations, landfills, wastewater treatment facilities, biomass, and biogas sites. By facilitating decentralized and community-based production processes, ReCarbon aims to enable a circular economy that transforms greenhouse gas emissions into low carbon hydrogen and industrial gases, contributing to the development of a sustainable hydrogen economy.
Cheekbone Beauty
Grant in 2023
Cheekbone Beauty is an online brand specializing in sustainable color cosmetics. The company focuses on providing cruelty-free beauty products, including liquid lipsticks and complexion items such as contour and highlight palettes. Designed to be safe for sensitive skin, these cosmetics reflect a commitment to socially conscious beauty. Cheekbone Beauty aims to empower women by offering products that align with ethical and sustainable values.
Myomar Molecular
Grant in 2023
Myomar Molecular is focused on developing a diagnostic tool aimed at identifying early stages of muscle atrophy. This innovative technology will assist physiotherapists and medical doctors in assessing therapy approaches, thereby reducing hospitalization times and facilitating the analysis of recovery progress. By translating laboratory discoveries into practical applications, Myomar Molecular seeks to enhance patient care and bridge the gap between scientific research and societal needs.
LyfeMD
Grant in 2023
LyfeMD offers a holistic approach to digestive health management that has been proven by science. They help people live thrive while managing their inflammatory disease by providing holistic, easy-to-implement, solution to complement other medical therapies.
North Star Payroll
Grant in 2023
North Star Payroll provides the software solution to simplify payroll processing with tailored service offerings to meet your company's needs.
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
TechJutsu
Grant in 2023
TechJutsu team provides solutions for Identity and Access Management
trippl
Grant in 2023
trippl is a map-based itinerary planning software that enables DMOs to display their high-quality, curated data.
Amp Health
Grant in 2023
Amp Health is dedicated to preventing chronic diseases, aiming to help 10 million individuals avoid such conditions over the next decade. Its primary product, the Struggle app, is designed for prediabetic users and utilizes advanced behavior change techniques and machine learning. The app leverages artificial intelligence to analyze blood glucose data, offering personalized tips and prompts that encourage healthier dietary and exercise choices. By understanding user motivations and activity patterns, the Struggle app aims to empower individuals to take proactive steps toward better health and prevent the onset of diabetes.
NANOSentinel
Grant in 2023
NANOSentinel Technologies operates as a business-to-business platform, focusing on metal monitoring for clean technology manufacturers. The company has developed a portable device designed to detect toxic nanomaterials on workplace surfaces, specifically within the chemical manufacturing sector. This device facilitates an easy-to-use surface test that quickly identifies and quantifies contamination, thus allowing users to prevent exposure to harmful nanomaterials. By providing these monitoring solutions, NANOSentinel aims to enhance workplace safety and protect the health of workers in industries where such risks are prevalent.
ORCHID Analytics
Grant in 2023
We are reimagining healthcare operations and management by developing evidence-based data-driven technologies to aid with decision-making.
Tenomix
Grant in 2023
Tenomix mission is to develop novel technologies that target inefficiencies in the pathology workflow optimize cancer care and reduce healthcare costs
Permalution
Grant in 2023
Permalution focuses on creating innovative solutions to address pressing global challenges related to water scarcity and climate change. The company specializes in developing technologies for fog water forecasting and harvesting, which aim to enhance municipal water supplies in a sustainable manner. Their offerings include fog collection systems and predictive tools that help municipalities identify and capture fog as a viable source of fresh water. By leveraging these technologies, Permalution seeks to provide communities with alternative water resources and contribute to the mitigation of the looming water crisis.
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 delivers a range of services designed to promote independence and dignity, including companionship, personal care, and light housekeeping. Trained carers assist clients with daily living activities such as bathing, dressing, and incontinence care, and also help with meal preparation, medication reminders, and light errands. Additionally, Greymate Care facilitates social engagement by accompanying clients to events or outings, ensuring they remain connected to their communities. Through its commitment to compassionate and reliable care, Greymate Care aims to enhance the quality of life for its clients within the comfort of their own homes.
Acuicy
Grant in 2023
Acuicy gives managers the tailored, data-driven insights they need to identify and deploy the most capital-efficient low-carbon solutions for their company.
Acrylic Robotics
Grant in 2023
Acrylic Robotics is an art-tech startup focused on integrating artificial intelligence and robotics into the fine art sector. The company has developed a platform that enables the production of authenticated painted artwork at scale, allowing artists to digitize their creations. By transforming artworks into digital fingerprints, Acrylic Robotics facilitates the reproduction of these pieces using robots that apply real paint on canvas. This innovation not only enhances the scalability of fine art production but also addresses the challenges of authentication in the art world.
Noa Therapeutics
Grant in 2023
Noa Therapeutics is a preclinical biotech firm that is leading the way in the development of multimodal treatments. To simplify the course of care for patients in need, we developed a single, non-steroidal, small molecule with tunable efficacy
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.
PragmaClin Research
Grant in 2023
PragmaClin is revolutionising neurological disease monitoring by utilising cutting-edge digital tools to manage movement disorder assessments from the comfort of one's own home.
Ora Medical
Grant in 2023
Ora Medical specializes in developing innovative rehabilitation technology aimed at enhancing mobility for children with physical challenges. Their flagship product, Levity, is a smart pediatric gait trainer that utilizes a unique partial weight-bearing mechanism, enabling children to engage more freely with their environment using their arms. This device not only promotes independence but also collects real-time data to assist parents and clinicians in monitoring each child's rehabilitation journey. Additionally, Ora Medical's technology incorporates artificial intelligence to adapt to the user's needs, facilitating personalized progress and allowing patients to achieve optimal mobility at their own pace.
Northstar Clean Technologies
Post in 2023
Northstar Clean Technologies focuses on the recovery of components and provides Environmentally-friendly reprocessing solutions for single-use asphalt shingles. The company was founded in 2017 and is headquartered in Delta, British Columbia, Canada.
Healthybud
Debt Financing in 2023
Healthybud is a Canadian pet wellness brand focused on enhancing the health and longevity of dogs through innovative nutrition. The company produces nutrient-based healing foods that are entirely natural and human-grade, free from additives and artificial preservatives. Its product offerings include ingredients such as ashwagandha, blueberries, reishi, antibiotics, and hormone-free meats, all aimed at strengthening the immune system and promoting overall wellness. By collaborating with veterinarians, nutritionists, and esteemed universities, Healthybud aims to transform the pet pantry with powerful nutritional solutions that help prevent common diseases and health issues in dogs, providing pet owners with effective options for their pets' dietary needs.
Vive Crop Protection
Series C in 2023
Vive Crop Protection, Inc. is a Canadian company specializing in the development and marketing of crop protection products, including fungicides, insecticides, and nematicides. Founded in 2006 and headquartered in Mississauga, Ontario, the company also operates in Boston, Massachusetts, and Calgary, Canada. Vive Crop Protection focuses on creating effective and sustainable pesticides for both organic and non-organic farming. Utilizing its innovative Allosperse Delivery System, the company enhances the targeting and performance of pesticide active ingredients, allowing farmers to achieve higher crop quality and yields while using fewer resources. Its products are designed to integrate seamlessly with liquid fertilizers and other chemicals, effectively controlling diseases in crops such as sugarbeets, dry beans, alfalfa, potatoes, and corn, thereby promoting increased productivity and sustainability in agriculture.
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.
Tuktu Care
Pre Seed Round in 2023
Tuktu Care (www.tuktu.ca) is a community-powered care provider that connects family members, friends or individuals who need support to safe, local, friendly companions for everyday needs like shopping, cleaning, cooking, rides to appointments, and more. Unlike other service providers who are expensive and struggling to find full-time workers, our solution, Tuktu, is an on-demand, curated AI driven platform that identifies and selects best-fit companions – just like family - with the advantage of lower cost and flexible terms.
Summit Nanotech
Series A in 2023
Summit Nanotech Corporation is a cleantech company based in Calgary, Canada, that specializes in innovative lithium extraction methods aimed at supporting the global energy transition. Founded in 2018, the company has developed a patented direct lithium extraction (DLE) technology that offers a more sustainable and environmentally friendly approach compared to traditional extraction methods. By collaborating with mining companies and lithium asset owners in Chile and Argentina, Summit Nanotech aims to conserve natural resources while optimizing lithium production operations. Its focus on providing cost-effective solutions positions Summit Nanotech as a key player in the lithium supply chain, addressing industry challenges while minimizing environmental impact.
Magnestar
Pre Seed Round in 2023
Magnestar is focused on developing advanced software and hardware solutions to predict and manage communication outages between Earth and space. The company provides a clearing house exchange platform that enables users to monitor signal communications in outer space, conduct interference simulations, and ensure compliance with spectrum regulations in real-time. By equipping assets with its technology, Magnestar enhances the longevity and quality of service of both satellite and Earth systems. This technology is designed for operators, regulators, and military personnel, allowing for effective analysis and coordination of radio frequency interactions. Ultimately, Magnestar aims to improve safety in space and facilitate reliable space services that support human exploration and operations.
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 is producing and distributing one of North America’s widest assortments of better everyday products made with the highest possible percentage of renewable, plant-based materials and no BPAs, phthalates or other chemicals of concern potentially harmful to human health and the environment. With a growing assortment of over 385 products and services, good natured creates eco-friendly home and business products, food packaging, restaurant/take-out containers, medical and industrial supplies designed to do good for the planet, good for human health and good for business by driving incremental sales, minimizing waste and reducing environmental impact, all bundled up in a fresh and approachable brand.
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 producing insect-based proteins and flour aimed at enhancing the nutritional value of food waste. The company utilizes innovative insect farming technologies to recycle grocery waste, creating high-value insect protein products for the animal nutrition market, particularly for livestock such as fish and poultry. With a commitment to sustainability, Entosystem contributes to the circular agriculture economy by providing eco-friendly options that help reduce food waste while offering nutritious feed alternatives. Currently, the company employs a small team to support its operations.
Andion
Private Equity Round in 2022
Andion Global is a technology provider that specializes in wastewater treatment and organic waste handling services for corporations and municipalities. The company offers a comprehensive solution that focuses on the efficient and sustainable management of organic waste, transforming it into renewable energy. By processing various types of organic feedstocks and wastewater, Andion helps clients reduce greenhouse gas emissions associated with transportation, landfills, and waste incineration, supporting their efforts to meet carbon reduction targets.
Axya
Seed Round in 2022
Axya is a startup that operates an online platform designed to connect small and medium-sized shop owners with suppliers in the manufacturing sector. The platform serves as a marketplace that standardizes and centralizes the subcontracting process, facilitating streamlined communication and collaboration between buyers and suppliers. By providing insightful information, Axya helps users navigate the complexities of the manufacturing industry, enabling them to make informed decisions and improve their operational efficiencies.
Dozr
Series B in 2022
Dozr Inc. operates an online platform that connects equipment renters with lenders, facilitating the rental of various types of equipment. This includes earth-moving machinery, agricultural tools, trucks, snow removal equipment, and more specialized items like aerial work platforms and irrigation equipment. The platform serves a diverse clientele, ranging from multinational construction firms to small business owners and farmers. Founded in 2015 and based in Kitchener, Canada, Dozr aims to enhance the equipment rental industry through technology, making it more efficient and accessible. The company has developed a comprehensive online marketplace that allows rental companies to list their idle equipment and enables contractors to easily search and book necessary tools. Additionally, Dozr has launched a beta version of WebStores, which provides rental companies with tailored e-commerce storefronts, further driving the digitization of the equipment rental sector in North America.
KOHO
Series D in 2022
KOHO Financial is a Toronto-based company founded in 2014 that offers an application-based banking platform designed to simplify financial management for users. The platform facilitates day-to-day banking operations while providing a range of tools, including goal setting, cash flow projections, group spending features, and detailed spending insights. These resources enable users to effectively manage their expenses and banking activities from their mobile devices, enhancing their overall financial management experience.
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. is a Canadian company focused on the development of commercial Magnetized Target Fusion (MTF), a promising hybrid approach that combines elements of magnetic fusion and inertial confinement fusion. Founded in 2002 and based in Burnaby, the company aims to create utility-scale fusion power plants that can provide clean, safe, and abundant energy. General Fusion is pioneering a patent-pending concept that leverages advancements in MTF, which has seen limited exploration since the 1970s. The company is dedicated to demonstrating and commercializing this innovative energy solution by the end of the decade. It is supported by a network of global energy venture capital firms, industry leaders, and technology innovators, all working to reduce technical risks and accelerate the path to viable fusion energy.
Booxi
Seed Round in 2021
Booxi is a retail-tech company based in Montreal, Quebec, that specializes in an appointment booking platform tailored for retailers. The platform includes a range of features designed to enhance business management, such as Customer Relationship Management (CRM), appointment scheduling, online payment processing, and staff calendar management. By integrating these functionalities, Booxi aims to improve customer experience and streamline operational processes associated with event and appointment management, making it easier for retailers to manage their appointments effectively.
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 specializes in producing non-alcoholic craft beverages, including a varied selection of alcohol-free beers and wines. Their offerings feature products such as an alcohol-free dry red blend, dry secco, and bubbly rosé, catering to consumers seeking flavorful alternatives to traditional alcoholic drinks. The company aims to foster an inclusive community that encourages healthier lifestyle choices, allowing individuals to enjoy social settings without the need for alcohol. By focusing on quality and taste, Grüvi provides options for those who prefer to abstain from alcohol while still enjoying enjoyable beverage experiences.
AON3D
Series A in 2021
AON3D specializes in industrial 3D printing, focusing on advanced materials that enable the production of high-performance thermoplastics for various sectors, including aerospace, automotive, and research and development. The company develops innovative printers capable of operating in high-temperature conditions necessary for processing these advanced materials. By enhancing the manufacturing process, AON3D allows clients to reduce costs associated with proprietary materials and licensing fees, streamlining the transition from product development to manufacturing. Through its integration of physics-informed software, sensing systems, and hardware, AON3D aims to advance manufacturing efficiency and capability.
#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 focuses on acquiring and partnering with high-performing Managed Service Providers (MSPs) in Canada and the United States. The company aims to enhance these MSPs by providing essential resources, technology, and business support, thereby empowering them to deliver superior services. MSP Corp specializes in cloud computing, cybersecurity, and IT support, offering a range of technology, hardware, and software solutions. Additionally, it manages the financial and operational aspects of its partners to optimize their revenue and overall performance. By fostering collaboration and innovation, MSP Corp seeks to strengthen the capabilities of exceptional MSP teams.
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 Inc. is a Canadian company based in Toronto that specializes in developing and operating advanced compressed air energy storage systems. Founded in 2010, the company provides solutions designed to meet the electricity system's needs for dispatchable capacity, renewable integration, and transmission deferral. Its technology enables low-cost, long-duration energy storage, which can support hundreds of megawatts for periods ranging from 4 to over 24 hours. Hydrostor's emission-free systems are particularly suitable for use in remote applications, including mines and large industrial operations, and can repurpose retired fossil fuel plants and utilize existing mining infrastructure. The company serves clients across the United States, Australia, and Canada and has established a strategic partnership with AECOM to enhance its offerings.
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 Inc. is a Canadian company specializing in the mining of gold, copper, and other ores by employing innovative drilling techniques to extract resources from steeply dipping, narrow vein deposits. These deposits are often deemed uneconomic with conventional extraction methods. Novamera has developed a unique approach called Sustainable Mining by Drilling, which integrates high-resolution subsurface imaging with directional drilling in a two-pass process. This method allows for precise identification of the vein's physical shape, enabling more efficient and environmentally friendly mining practices. The company combines proprietary software and hardware with standard mining equipment to improve the efficiency and flexibility of mining operations, ultimately unlocking value in mineral deposits that were previously inaccessible. Headquartered in Mississauga, Canada, Novamera also has an office in Baie Verte, Canada.
Comet Biorefining
Series C in 2021
Comet Biorefining is a leading provider of sustainable high-quality cost-competitive cellulosic glucose technology for applications in renewable biofuels and biochemicals. The company’s proprietary technology allows for the conversion of wood, wheat straw, bagasse, corn stover and other agricultural waste materials into high purity cellulosic glucose syrup. These non-food sources offer lower cost and price stability when compared to food sugar sources such as corn or sugar cane. Demonstrated at 5 dry tons per day scale, Comet is focusing on commercial scale up and development of commercial partnerships with applications in renewables industries.
Buddha Brands
Venture Round in 2021
Buddha Brands specializes in producing plant-based snacks and beverages that prioritize clean and purposeful ingredients, catering to health-conscious consumers. Their product lineup includes Thirsty Buddha coconut water, Thirsty Buddha sparkling coconut water, and Hungry Buddha nutrition bars, all designed to support a healthy lifestyle. The company emphasizes mindfulness in its mission to help communities lead positive lives through better eating habits. By offering snacks and beverages that are vegan, keto-friendly, and gluten-free, Buddha Brands ensures that customers can enjoy delicious options without major allergens such as dairy, soy, and peanuts, as well as sugar alcohols.
Paper
Series C in 2021
Paper is a developer of an educational platform that aims to make personalized tutoring accessible to all students. The platform connects students with certified educators who provide assistance with questions and offer contextualized feedback, helping students identify and understand their mistakes in the learning process. In addition to tutoring, Paper also offers after-school enrichment and resources related to college and career readiness, supporting students throughout their academic journey. The platform allows for tutoring sessions to be recorded and analyzed, further enhancing the learning experience by enabling students to revisit and reflect on their progress.
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 developer of cloud-based workforce management and time clock software designed to streamline employee scheduling, timesheet tracking, and workplace communication. Its platform allows managers to create schedules quickly, with employees able to access their schedules anytime from both web and mobile devices. The software centralizes employee availability, preferences, and leave requests, enabling employees to submit their own requests for review and approval. Additionally, it automatically records clock-in and clock-out times, facilitating accurate timesheet management. Agendrix also offers integration with various payroll systems and includes an internal messaging feature for professional communication among employees. Overall, the software aims to enhance organizational efficiency and improve employee retention.
Introhive
Series C in 2021
Introhive offers a SaaS platform that helps organizations increase revenues and improve customer experience management. Its platform brings relationship intelligence into CRM with data automation and sales acceleration. The company also provides an enterprise relationship management (ERM) solution that helps get relationship insights and boost productivity. It was founded in 2012 by Jody Glidden and Stewart Walchli and is based in Fredericton, New Brunswick.
ApplyBoard
Series D in 2021
ApplyBoard is a technology company that facilitates the study abroad process for international students by connecting them with recruitment partners and educational institutions through a unified platform. The company simplifies the application journey, assisting students from around the globe in discovering, applying to, and enrolling in universities in North America. Founded eight years ago, ApplyBoard has rapidly expanded, employing over 1,200 team members and establishing a presence in 30 countries, including India, China, and the United States. In 2023, it received recognition from Deloitte as one of Canada’s fastest-growing technology companies for the fifth consecutive year, highlighting its significant impact on the education sector and its commitment to empowering students worldwide. The company's headquarters is located in Kitchener, Ontario, with an additional office in Gurugram, India.
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, Canada, that focuses on providing sports content and community experiences specifically for women. Founded in 2017, the company aims to address the underrepresentation of women in sports discussions by curating and contextualizing sports news. The GIST offers various platforms for engagement, including e-newsletters, daily social media updates, a website, and organized viewing parties. Recognizing the importance of inclusivity in sports conversations, the company seeks to empower underserved fans and foster connections among them. Through its initiatives, The GIST strives to create a more equitable sports culture where diverse voices are heard and valued.
Neurescence
Debt Financing in 2021
Neurescence Inc. is a biotechnology company based in Toronto, Canada, specializing in the development of advanced optical imaging tools for brain diseases and therapeutics. The company offers two types of graded-refractive-index (GRIN) lenses designed for implantation in various regions of the brain and spinal cord, facilitating the transmission of fluorescence signals from neurons to imaging sensors. Additionally, Neurescence has developed Quartet, a miniature fluorescence microscope paired with data collection software optimized for neuronal calcium imaging. This system allows users to capture and analyze neuronal activity, providing time-stamped data for individual neurons. By enabling real-time monitoring of neuronal activities, Neurescence aims to enhance the understanding of brain functions and assist healthcare providers in diagnosing and treating conditions such as Alzheimer's, epilepsy, and depression. Incorporated in 2014, Neurescence continues to innovate in the field of biological imaging.
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