The Business Development Bank of Canada (BDC) is a government-owned financial institution established in 1944. Headquartered in Montreal, BDC specializes in providing financing, consulting services, and venture capital to small and medium-sized enterprises (SMEs) across Canada. Its services include business loans, corporate financing, and strategic planning, catering to a wide range of industries such as manufacturing, technology, and tourism. BDC operates through a network of over 100 offices, offering services in both official languages.
Senior Vice President, Quebec and Atlantic and Advisory Services
Victor Scutaru
Managing Director
Kunle Tauhid
Vice President, Financing and Consulting
Maxime Tourangeau
Partner
David Wan
Director, Growth and Transition Capital
Ronald Warburton
Managing Partner
Past deals in Ontario
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.
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.
KOHO
Series D in 2023
Koho Financial Inc., established in 2014 and based in Toronto, Canada, is a financial technology company specializing in affordable banking services. It offers customers a reloadable Visa debit card and a user-friendly mobile app, equipped with tools and suggestions to help manage spending, set financial goals, track cash flow, and gain insights into expenses.
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.
Vive Crop Protection
Series C in 2023
Vive Crop Protection, Inc. is a Canadian company that develops and markets a range of crop protection products, including fungicides, insecticides, and nematicides. Founded in 2006 and headquartered in Mississauga, Ontario, with additional operations in Boston and Calgary, the company focuses on creating effective and sustainable pesticides for both organic and non-organic farming. Vive Crop Protection employs its innovative Allosperse Delivery System, which enhances the targeting and performance of pesticide active ingredients. This technology allows farmers to optimize their use of pesticides, improving crop quality and yields while promoting increased productivity and sustainability on farms. The company's products are designed to integrate easily with liquid fertilizers and other chemicals, aiding in the control of diseases affecting various crops, including sugar beets, dry beans, alfalfa, potatoes, and corn.
KOHO
Series D in 2022
Koho Financial Inc., established in 2014 and based in Toronto, Canada, is a financial technology company specializing in affordable banking services. It offers customers a reloadable Visa debit card and a user-friendly mobile app, equipped with tools and suggestions to help manage spending, set financial goals, track cash flow, and gain insights into expenses.
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.
Hydrostor
Venture Round in 2021
Hydrostor Inc. is a company based in Toronto, Canada, that specializes in developing and operating compressed air energy storage systems. Founded in 2010, Hydrostor's technology offers a solution for addressing the electricity system's needs for dispatchable capacity and renewable energy integration. The company's systems provide long-duration, emission-free energy storage, capable of delivering hundreds of megawatts for 4 to 24 hours, making them suitable for both behind-the-meter applications and remote operations, particularly in mines and large industrial facilities. Hydrostor's approach also allows for the repurposing of retired fossil fuel plants and utilizes existing mining infrastructure. The company serves clients primarily in the United States, Australia, and Canada, and has established a strategic partnership with AECOM to enhance its service offerings.
Novamera
Series A in 2021
Novamera Inc. is a Canadian company specializing in the mining of gold, copper, and other ores through an innovative method known as Sustainable Mining by Drilling. This approach targets steeply dipping, narrow vein deposits that are typically deemed uneconomic with conventional extraction techniques. Novamera employs advanced high-resolution subsurface imaging and directional drilling in a two-pass process to accurately determine the physical shape of mineral veins, enhancing drilling precision and efficiency. The company's proprietary software and hardware integrate with traditional mining equipment to create more flexible and cost-effective systems. By focusing on climate-smart, surgical mining practices, Novamera aims to unlock value in mineral deposits that would otherwise remain untapped. The company is headquartered in Mississauga, Canada, with an additional office in Baie Verte.
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.
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.
Peak Power
Series A in 2021
Peak Power Inc. is a Toronto-based energy storage services provider established in 2015, with operations in New York, New England, and California. The company specializes in intelligent software solutions, notably its flagship platform, Peak Synergy, which optimizes energy management for commercial real estate and industrial clients. By focusing on battery energy storage systems, grid-interactive buildings, and electric vehicles, Peak Power helps customers minimize operational costs, reduce emissions, and participate in energy markets by selling energy back to the grid. The software is designed to enhance existing revenue streams and adapt to evolving market conditions, while the company's services encompass project development, construction, operation, financing, and maintenance. Peak Synergy has been deployed across over 13 million square feet of real estate, managing approximately 150 MWh of combined battery and electric vehicle capacity.
Borrowell
Series C in 2021
Borrowell Inc. is a financial technology company based in Toronto, Canada, founded in 2014. It specializes in offering a range of financial products and services, including personal loans, credit cards, and free credit scores. Borrowell operates an online marketplace-lending platform that provides Canadians with access to borrowing options and unsecured consumer loans. The company is dedicated to enhancing financial prosperity for its users by offering tools for credit education, personalized credit coaching, and AI-driven recommendations for financial products. By delivering resources such as credit monitoring and tailored options from marketplace partners, Borrowell aims to help customers secure low-interest loans and improve their overall financial well-being.
Tealbook
Series A in 2021
Tealbook, Inc. is an online supplier knowledge management and procurement platform headquartered in Toronto, Canada. Founded in 2014, the company provides a centralized system that consolidates credible and up-to-date information about suppliers, enabling procurement teams to identify and connect with qualified suppliers. The platform offers a comprehensive view of supplier data, including company details, product offerings, diversity status, and client recommendations. It also integrates with various enterprise resource planning systems and procurement tools, enhancing the visibility and knowledge of preferred suppliers. Tealbook's innovations have garnered industry recognition, such as being included in the CIX Top 20 and the Gartner Cool Vendor list. Through its services, Tealbook aims to improve buyer-supplier relations and streamline the procurement process for enterprises.
Aya
Seed Round in 2020
Aya Payments, founded in 2018 and based in Toronto, Ontario, specializes in developing payment tools and programs for employee benefits packages. The company has created a healthcare payment platform aimed at simplifying medical payments for users. This platform enables individuals to access, manage, and monitor healthcare costs while offering various financial products, including payment, deposit, lending, and investment options. By focusing on enhancing financial flexibility, Aya Payments strives to alleviate the stress associated with healthcare payments, ultimately improving the overall user experience in managing healthcare expenses.
Sol Cuisine
Private Equity Round in 2020
Sol Cuisine Inc. is a Canadian company based in Mississauga, established in 1980, that specializes in the production of vegetarian, vegan, halal, gluten-free, and organic frozen and fresh meat alternatives. The company's product range includes items such as fattoush salad, various aioli sauces, vegan maki, vegan poutine, and savory morning swirls. Sol Cuisine aims to create high-quality, delicious foods using local and environmentally sustainable ingredients, providing consumers with nutritious and animal-friendly options that are designed to be superior to both meat-based products and other plant-based alternatives.
Symend
Series B in 2020
Symend Inc. is a company that specializes in debt recovery solutions through its innovative software platform. Established in 2016 and headquartered in Calgary, Canada, with additional offices in Toronto and Denver, Symend focuses on enhancing the debt collection process by utilizing automation, predictive analytics, and behavioral science. The platform aims to minimize debt delinquency while ensuring a positive experience for all stakeholders. It offers tools for treatment planning, campaign management, and self-service options, allowing businesses in sectors such as financial services, telecommunications, and utilities to engage customers effectively. By creating personalized interactions, Symend empowers individuals to manage their debts through flexible repayment options, ultimately fostering better financial outcomes and strengthening customer relationships.
ApplyBoard
Series C in 2020
ApplyBoard is a technology company that facilitates the study abroad process for international students by connecting them with recruitment partners and educational institutions through a unified platform. The company simplifies the application journey, assisting students from around the globe in discovering, applying to, and enrolling in universities in North America. Founded eight years ago, ApplyBoard has rapidly expanded, employing over 1,200 team members and establishing a presence in 30 countries, including India, China, and the United States. In 2023, it received recognition from Deloitte as one of Canada’s fastest-growing technology companies for the fifth consecutive year, highlighting its significant impact on the education sector and its commitment to empowering students worldwide. The company's headquarters is located in Kitchener, Ontario, with an additional office in Gurugram, India.
Tealbook
Seed Round in 2020
Tealbook, Inc. is an online supplier knowledge management and procurement platform headquartered in Toronto, Canada. Founded in 2014, the company provides a centralized system that consolidates credible and up-to-date information about suppliers, enabling procurement teams to identify and connect with qualified suppliers. The platform offers a comprehensive view of supplier data, including company details, product offerings, diversity status, and client recommendations. It also integrates with various enterprise resource planning systems and procurement tools, enhancing the visibility and knowledge of preferred suppliers. Tealbook's innovations have garnered industry recognition, such as being included in the CIX Top 20 and the Gartner Cool Vendor list. Through its services, Tealbook aims to improve buyer-supplier relations and streamline the procurement process for enterprises.
WeCook - Repas WeCook
Venture Round in 2020
Founded in 2013, WeCook Meals (formerly Nutrition Fit Plus) is a leader in home meal delivery, offering a wide range of tasty, balanced and personalized healthy meals made with fresh produce and meat, and healthy snacks. Subscribers can order from a diversified weekly menu. The Dorval-based company has over 450 employees serving Québec and Ontario.
Relogix
Series A in 2019
Relogix Inc., founded in 2010 and based in Ottawa, Canada, specializes in developing sensor-based devices for monitoring and tracking unused office spaces. The company offers a comprehensive solution that includes UtiLive, a system utilizing space tracking sensors and a machine learning analytics engine for data analysis. Relogix operates on a sensor-as-a-service model, which encompasses floor planning, deployment of sensor devices, and ongoing monitoring through a cloud-based application. The company's offerings are designed to support large enterprises and commercial real estate portfolios, enabling clients to make informed, data-driven decisions regarding their real estate strategies. Relogix's innovative workplace insights platform, Conexus, and advanced IoT occupancy sensors aim to enhance the workplace experience and optimize real estate utilization.
Element AI
Series B in 2019
Element AI Inc. is an artificial intelligence company based in Montreal, Canada, with an additional office in Toronto. Founded in 2016, Element AI specializes in providing AI solutions that help organizations identify opportunities for artificial intelligence and machine learning integration. The company operates an AI as a Service (AIaaS) platform, enabling businesses to launch and develop AI solutions in collaboration with large corporations. Its offerings span various industries, including insurance, banking, manufacturing, logistics, retail, and consumer packaged goods. Element AI emphasizes the operationalization of AI by delivering software products that enhance decision-making and improve business agility. The company also conducts research and development to advance AI technology and maintains partnerships with academic institutions to foster innovation. Through its systems integrator approach, Element AI assists organizations in implementing and commercializing AI solutions tailored to their specific needs.
Nicoya Lifesciences
Venture Round in 2019
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.
Lynx Equity
Venture Round in 2019
Lynx Equity Limited is a private equity firm founded in November 2007 and headquartered in Toronto, Canada, with additional offices in San Diego, California, and Calgary, Canada. The firm specializes in management buyouts, recapitalizations, and growth capital investments in small to medium-sized enterprises, primarily targeting companies in North America, particularly in Ontario and Western Canada. Lynx Equity focuses on sectors such as manufacturing, business services, financial services, industrial products, food, clean energy, and consumer products. The firm typically invests between CAD $200,000 and CAD $8 million per transaction in companies with enterprise values ranging from CAD $1 million to CAD $10 million and revenues not exceeding CAD $25 million. Lynx Equity usually seeks to acquire a 100% stake in its portfolio companies, holding investments for three to five years, and structures its investments as a combination of debt and equity. The firm emphasizes transactions involving retiring entrepreneurs looking to transition their businesses.
ClaroNav
Venture Round in 2019
ClaroNav Inc. is a Toronto-based medical device company specializing in software solutions for medical image processing and surgical navigation. Founded in 2001, the company develops several innovative applications, including MicronTracker, which tracks the location and orientation of marked objects, and Navident, a navigation system designed for dental implantation. Other offerings include Navient, an image-guided navigation system for various surgeries, NaviX, a surgical navigation application platform, and ClaroBot, a robotic tool guidance solution. ClaroNav's technologies enhance the precision and efficiency of surgical procedures, allowing medical professionals to perform less invasive operations with greater confidence. The company serves a diverse clientele, including diagnostic imaging and medical device firms, as well as medical centers. ClaroNav was previously known as Claron Technology Inc. and adopted its current name in January 2015.
Orium
Venture Round in 2019
North America’s leading composable commerce consultancy and systems integrator, we work with best-in-class technology partners to set strong composable commerce foundations today that can support how brands serve their customers across channels in the future. Orium was founded in 2009 and is headquartered in Toronto, Ontario.
Groupe JLD Laguë
Private Equity Round in 2019
JLD - Laguë is a distributor of agricultural, commercial, and construction equipment in Quebec and Ontario. The company supplies a wide range of machinery, including tractors, mowers, forage harvesters, combine harvesters, balers, snowblowers, and various types of utility vehicles. In addition to equipment distribution, JLD - Laguë offers financing services to help clients acquire heavy trucks and related parts. The company distinguishes itself from competitors by actively pursuing innovative technological advancements to enhance its product offerings, ensuring that it meets the diverse needs of its customers in agricultural, snow removal, landscaping, and maintenance sectors.
TouchBistro
Series D in 2018
TouchBistro, Inc. is a company that specializes in developing iPad-based point-of-sale (POS) solutions tailored for the food and beverage industry, including restaurants, cafes, bars, and food trucks. Founded in 2010 and headquartered in New York, with an additional office in Toronto, TouchBistro provides various POS systems, such as Restaurant POS, Food Truck POS, and Bar POS, which streamline order management and payment processing. Its innovative system allows servers to take orders directly at the table, reducing the need for multiple trips to a terminal and minimizing errors. Additionally, TouchBistro offers features like TouchBistro Reservations for guest management, cloud-based reporting and analytics, and customer-facing displays, enhancing both operational efficiency and customer experience. The company's products are available through the Apple App Store in the United States and internationally.
ecobee
Series C in 2018
ecobee, Inc. is a Canadian company based in Toronto that specializes in manufacturing Wi-Fi enabled smart thermostats and light automation equipment for both residential and commercial use. Founded in 2007, ecobee offers a range of products including the SmartThermostat with voice control, ecobee3 lite, SmartSensor, and ecobee Switch+. These devices allow users to customize temperature settings and manage their energy consumption remotely via a mobile application available on various platforms such as iOS and Android. By providing intelligent energy management solutions, ecobee aims to enhance comfort while promoting energy conservation, thus enabling customers to understand and reduce their energy usage effectively. The company sells its products primarily through online channels.
Assent Compliance
Series B in 2017
Assent Compliance, established in 2005 and based in Ottawa, Canada, specializes in providing software solutions for supply chain sustainability management. The company's core offering is a comprehensive platform that helps complex manufacturers navigate product compliance, trade compliance, and ESG (Environmental, Social, and Governance) responsibilities. This platform includes modules for managing materials compliance, ethical sourcing, inspections, supplier management, and supply chain data collection, all accessible through a single dashboard. Assent's solutions enable businesses to monitor and manage their compliance portfolio, gather and analyze data, and receive alerts based on user-defined metrics. Additionally, the company offers regulatory compliance consulting, assessment, and outsourcing services to support clients in meeting local and international regulations.
Element AI
Series A in 2017
Element AI Inc. is an artificial intelligence company based in Montreal, Canada, with an additional office in Toronto. Founded in 2016, Element AI specializes in providing AI solutions that help organizations identify opportunities for artificial intelligence and machine learning integration. The company operates an AI as a Service (AIaaS) platform, enabling businesses to launch and develop AI solutions in collaboration with large corporations. Its offerings span various industries, including insurance, banking, manufacturing, logistics, retail, and consumer packaged goods. Element AI emphasizes the operationalization of AI by delivering software products that enhance decision-making and improve business agility. The company also conducts research and development to advance AI technology and maintains partnerships with academic institutions to foster innovation. Through its systems integrator approach, Element AI assists organizations in implementing and commercializing AI solutions tailored to their specific needs.
WebsiteBox
Debt Financing in 2017
WebsiteBox is a Toronto-based technology firm that specializes in providing comprehensive real estate websites for a one-time fee of $99, positioning itself as the most affordable option in the market. The company supports IDX integration with 265 multiple-listing-service boards across the United States and Canada, catering to over 10,000 real estate professionals. Its services include mobile-friendly website design, search engine optimization, customized content tailored to specific real estate niches, lead capture tools, and cloud hosting. Additionally, WebsiteBox offers backup integration with MLS data, analytics, online marketing tools, and live support, enabling real estate professionals to enhance their online presence and effectively grow their businesses.
Klipfolio
Series B in 2017
Klipfolio Inc. specializes in providing a cloud-based business intelligence dashboard solution that enables users to monitor key metrics in real time. The Klipfolio Dashboard allows for seamless data connectivity, transformation, and visualization, empowering organizations to make informed decisions based on continuous performance monitoring. The platform integrates with numerous data services to deliver actionable insights, catering to a diverse range of sectors, including technology, healthcare, financial services, and government. Additionally, Klipfolio offers consulting services in design, business analysis, and data visualization, as well as technical training. Founded in 2001 and based in Ottawa, Canada, Klipfolio aims to support businesses of all sizes, from startups to large enterprises, in leveraging data for enhanced decision-making and competitive advantage.
Mosaic Manufacturing
Seed Round in 2016
Mosaic Manufacturing Ltd., established in 2014 and headquartered in Toronto, Canada, specializes in 3D printing technology that enhances the capabilities of 3D printers. The company develops hardware and software solutions that enable the integration of multiple filaments into a single strand, allowing users to print complex, functional objects without the need for extensive modifications or additional equipment. Mosaic's patented multi-material 3D printing technology supports flexible manufacturing processes and mass customization, helping industries create high-quality products on-demand. By providing a comprehensive ecosystem of additive manufacturing solutions, Mosaic aims to make manufacturing more sustainable and resilient, transforming traditional polymer supply chains for leading companies.
Strongpoint
Debt Financing in 2016
Strongpoint is a Toronto-based company that offers an automated documentation and compliance platform designed to enhance the management of business systems, specifically targeting Netsuite and Salesforce users. The company focuses on replacing manual processes with automated solutions, ensuring that changes to systems are executed in a predictable and safe manner. By streamlining these operations, Strongpoint enables organizations to navigate system changes with confidence, ultimately supporting their growth and operational efficiency.
Assent Compliance
Series A in 2016
Assent Compliance, established in 2005 and based in Ottawa, Canada, specializes in providing software solutions for supply chain sustainability management. The company's core offering is a comprehensive platform that helps complex manufacturers navigate product compliance, trade compliance, and ESG (Environmental, Social, and Governance) responsibilities. This platform includes modules for managing materials compliance, ethical sourcing, inspections, supplier management, and supply chain data collection, all accessible through a single dashboard. Assent's solutions enable businesses to monitor and manage their compliance portfolio, gather and analyze data, and receive alerts based on user-defined metrics. Additionally, the company offers regulatory compliance consulting, assessment, and outsourcing services to support clients in meeting local and international regulations.
Aterlo Networks
Seed Round in 2016
Aterlo Networks Inc. specializes in extending content delivery networks into household networks, focusing on enhancing the streaming media experience for users. The company offers a managed service called NightShift, which shifts streaming media usage from peak to off-peak hours, thereby alleviating network congestion. Aterlo serves a diverse clientele, including internet service providers and content providers, as well as industries such as maritime, energy, mining, and work camps. Founded in 2014, Aterlo Networks is headquartered in Kitchener, Ontario, Canada.
SensorSuite
Seed Round in 2015
SensorSuite Inc. is a Toronto-based company that specializes in real-time building intelligence through the use of wireless sensors for property managers across various sectors, including multi-residential, commercial, and industrial markets. The company provides a range of mobile applications, such as BoilerLink for boiler monitoring and control, FridgeLink for fridge monitoring and predictive maintenance, and a hotel solution for managing hotel room conditions. SensorSuite's platform enables users to capture, process, and analyze data from multiple devices, offering insights that enhance operational performance and efficiency. By delivering real-time analytics through web and smartphone interfaces, SensorSuite empowers property managers to make informed decisions and optimize the management of their assets.
Think Dirty
Pre Seed Round in 2013
Think Dirty Inc. is a Toronto-based company that has developed a mobile application designed to help consumers understand the ingredients in cosmetics and personal care products. The app enables users to quickly learn about potentially harmful substances by scanning product barcodes or searching for them directly. It consolidates information from various reputable sources, including government lists of banned chemicals, peer-reviewed studies, and guidelines from health organizations, which culminates in a score reflecting the safety of each product. By providing clear information on product ingredients and safer shopping alternatives, Think Dirty empowers consumers to make informed choices regarding their health and the environment.
Solantro Semiconductor
Series A in 2012
Solantro Semiconductor Corp. is a semiconductor company based in Ottawa, Canada, specializing in the design and manufacture of integrated circuits for grid applications, particularly in the renewable energy sector. Founded in 2009, the company develops advanced power management chipsets, including analog power managers, maximizer DC controllers, and micro-inverter controllers. These chipsets enhance the functionality of solar panels, transforming them into integrated power generators. Solantro's products support applications such as DC-AC micro-inverters, DC-DC power optimizers, and intelligent photovoltaic (PV) module safety disconnects. In addition to hardware, the company offers software development tools to facilitate the integration of its semiconductor solutions into power electronics and smart grid systems. Solantro serves various clients in the renewable energy and power electronics industries, leveraging its expertise in system architecture and power conversion to promote scalable and efficient energy solutions.
Interface Biologics
Series B in 2011
Interface Biologics, Inc. is a commercial stage company based in Toronto, Canada, that specializes in developing innovative biomedical polymer technologies aimed at enhancing the safety and effectiveness of medical devices. The company’s patent-protected technologies include anti-thrombogenic additives designed for blood-contacting medical devices and polymer-enabled combination drug delivery systems. Interface Biologics has established exclusive licensing agreements for its Endexo™ technology with AngioDynamics for vascular access catheters and with Fresenius Medical Care for chronic dialysis systems. Medical devices incorporating this technology, such as AngioDynamics’ BioFlo PICCS and DuraMax Dialysis Catheter, have received FDA clearance and are gaining market traction. Additionally, the company has a joint venture with Qualimed to develop a drug-coated balloon utilizing its Kinesyx™ technology. Founded in 2001, Interface Biologics operates from the MaRS Innovation Centre and focuses on solutions that reduce infection and thrombus-related complications across various medical specialties, particularly ophthalmology.
Liquid Computing
Series B in 2006
Liquid Computing Corp. develops converged communications and computing platforms. It designs and develops LiquidIQ, a computing infrastructure that offers IT infrastructure and data centers management, and software-based control of servers, as well as storage and networking resources. The company was founded in 2003 and is based in Ottawa, Canada with an additional office in Stamford, Connecticut.
Cyrium Technologies
Series B in 2005
Cyrium Technologies Inc. specializes in the development and manufacturing of concentrator photovoltaic (CPV) cells for terrestrial solar energy applications. Established in 2002 and headquartered in Ottawa, Canada, with an additional office in Tsuen Wan, Hong Kong, the company offers a range of products including quantum dot enhanced cells and application-specific concentrator cells (ASCC). Cyrium Technologies also provides optimization and customization services for cell performance through its ASCC program, catering to the needs of CPV system manufacturers and the broader solar energy market.
Critical Telecom
Venture Round in 2003
Critical Telecom is a Canadian company based in Ottawa, established in 1987, that specializes in developing broadband enabling platforms for IP-based access networks. The company focuses on providing innovative solutions to enhance network access, including its flagship product, GEmini, an Ethernet remote DSLAM. This technology delivers non-blocking bandwidth, which supports various applications such as triple play services and IPTV. By offering these advanced broadband services, Critical Telecom aims to facilitate seamless streaming and improve overall user experience in accessing network services.
IceFyre Semiconductor
Series C in 2003
IceFyre Semiconductor designs and develops a range of Wi-Fi chips. Its products include SureFyre 802.11a and TwinFyre 802.11a/b/g system solutions. The company offers orthogonal frequency division multiplexing (OFDM) product that reduces power requirements with the use of the digital computational engines in the data transmission chain. IceFyre was founded by Cedric Paillard and is based in Kanata, Ontario.
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