Canadian Business Growth Fund

CBGF helps privately-owned Canadian businesses with the capital, talent, and expertise they need to drive growth and realize their potential. Supported by Canada’s leading banks and insurance companies, they have a national mandate to provide long-term, patient, minority capital to entrepreneurs pursuing growth and expansion strategies. CBGF’s vision is to become Canada’s leading growth capital investor and partner of choice for ambitious mid-market entrepreneurs, supporting them to reach their full potential. With initial capital commitments of $545 million and projected to increase to $1 billion over time, CBGF is an independent, values-driven partner for teams committed to taking their business to the next level.

Jordan Allen

Associate

Elkind, Karoline

VP Finance

Simon Grammer

Analyst

Jamie Learmonth

Vice President

George Rossolatos

CEO

Tartari, Marisa

Associate

Hai Tran-Viet

Partner

Hai Tran Viet

Co-Managing Partner

Kyle Zacks

Director

Nelson Zhang

Director

38 past transactions

FundThrough

Venture Round in 2023
FundThrough offers loans to small companies that sell to bigger businesses. Our technology allows us to approve new clients in minutes, and get you the cash you need quickly, with no obligations or long-term commitments.

Felix Health

Series B in 2023
Felix Health Inc. is an online prescription platform based in Toronto, Canada, that provides medications for various health concerns, including erectile dysfunction, hair loss, acne, and birth control. Founded in 2019, the company aims to modernize healthcare in Canada by offering a seamless and straightforward experience for users seeking effective treatments for their specific needs. Felix Health focuses on making healthcare more accessible and convenient for individuals navigating personal health issues.

Specialty Medical Partners

Venture Round in 2023
Specialty Medical Partners is a grouping company for independent cardiac, respiratory, and internal medicine hospitals.

Believeco Partners

Venture Round in 2022
Believeco Partners is an owner, operator and builder of the foremost marketing, communications and engagement agencies.

ProcedureFlow

Venture Round in 2022
ProcedureFlow is a subscription based SaaS software that provides employees with a visual map of complex operating procedures and information. It presents easy to follow step-by- step instructions structured into small, hyperlinked flowcharts. ProcedureFlow makes your employees experts faster by combining information with the knowledge and experience of your most senior resources, ensuring your employees have access to the information they need exactly when they need it.

Amilia

Venture Round in 2022
Amilia is an online registration and client membership management platform tailored for small and midsize businesses, particularly those in the sports and leisure sector. It facilitates collaboration with members through features such as registration management, billing, and fundraising activities. The platform allows for self-registration by members and their families, as well as online booking and payment for classes, activities, merchandise, and facilities. With its robust reporting capabilities, Amilia serves a diverse range of membership-based organizations, including schools, clubs, camps, and associations. By streamlining administrative tasks, Amilia empowers over 6,600 locations across North America to enhance member engagement and grow their revenue.

MaxSold Incorporated

Series B in 2022
MaxSold Incorporated is a local pickup auction marketplace specializing in estate sales, downsizing and inventory liquidation.

Busbud

Venture Round in 2022
Busbud is a mobile app and platform that connects passengers to bus operators. It enables its users to search, compare, and book city-to-city bus tickets for any location and from any location. It is a comprehensive source of city-to-city bus schedules and tickets around the world, gathering schedules for over 10463 cities in 89 countries, in 10 languages, and 15 currencies. The app offers a search tool allowing travelers to discover and plan their next bus trip. Busbud was founded by Michael Gradek, LP Maurice, and Frederic Thouin in October 2011. It is headquartered in Montreal City in Québec, Canada.

PureFacts Financial Solutions

Venture Round in 2021
PureFacts Financial Solutions is a software and consulting firm dedicated to the global wealth management industry. The company offers a comprehensive suite of wealth management software along with consulting and custom digital solutions tailored for financial services. By providing these services, PureFacts aims to help businesses enhance productivity and efficiency while effectively reducing operational costs.

Kudos

Venture Round in 2021
Kudos is a corporate social network that specializes in employee recognition and feedback, aiming to foster connections among employees and enhance workplace engagement. The platform allows team members to motivate each other in real time through a straightforward peer-to-peer system, promoting a communicative workforce. Currently utilized in 80 countries and available in eight languages, Kudos is designed to seamlessly integrate into an organization’s culture, making it easy for users to navigate and interact. By focusing on intrinsic motivation and real-time recognition, Kudos enhances employee morale and strengthens organizational ties.

Neovation

Private Equity Round in 2021
Neovation is a research and development company focused on delivering innovative software and services designed to unleash human potential by promoting organizational intelligence.

Homestyle Selections

Funding Round in 2021
Homestyle Selections operates in the international supply chain, logistics, and manufacturing sectors, specifically within the food and agribusiness industries. The company specializes in providing investment services to food service establishments, including grocery stores and restaurants, that prioritize quality ingredients and modern technologies. By focusing on these elements, Homestyle Selections aims to enhance customer trust and satisfaction in the food they serve, ensuring that consumers can enjoy high-quality meals at their tables.

Stephano Group

Private Equity Round in 2021
Stephano Group Ltd. is a manufacturer specializing in cereal and granola products, offering a diverse range of cold cereals, hot cereals, and nutritional bars. The company operates primarily on a private label and co-manufacturing basis, providing tailored services to meet the needs of various consumer-packaged goods brands. With a focus on innovation, Stephano Group aims to deliver high-quality products in the granola cereal market, catering to the growing demand for nutritious snacks and breakfast options.

Proposify

Venture Round in 2021
Proposify reduces friction in your proposal workflow making it easier for your sales reps to quickly create professional-looking proposals that impress prospects and close deals. Create on-brand templates that sales reps can reuse so they don’t need to reinvent the wheel for every deal. Store all your approved proposal content in one location so snapping together a proposal takes minutes, not hours. Our Salesforce integration lets your rep create proposals, contracts, and agreements right in the CRM, and keep their data in sync. Impress prospects with a buyer experience that includes interactive pricing, videos, and live chat. Client viewing metrics let you know the moment a prospect opens the proposal, which sections they view and for how long, and - most importantly - the second they (e)sign on the dotted line. You may not actually be a mind reader, but with Proposify, you'll feel like one. Plus get faster sign-off and make it easier for prospects to buy with our legally binding electronic signature tool and order forms. We’ve revolutionized the proposal process so your reps can spend less time on manual tasks and more time doing what they do best: selling. But Proposify doesn't just save time; with assignable roles, permissions, and workspaces, you can manage the access each sales rep has. From the kind of content they can use and editing the design, all the way through to sending a proposal, you'll have full brand control and peace of mind without bottlenecking the process. Finally, a solution that makes both Sales AND Marketing happy. If you're ready to give your sales team the competitive edge, visit our website or book a demo at https://www.proposify.com.

ShopperPlus

Series A in 2021
ShopperPlus is an e-commerce platform selling office supplies, electronics, lifestyle, kitchen utensils, and various other categories. The platform tailors targeted product recommendations based on individual purchase patterns and seasonality, with more than 30 percent of goods produced in Canada. Besides providing 24-hour customer support, the company also ensures that all orders filed before 2 p.m. are shipped on the same day, guaranteeing next-day delivery for at least half of its customers.

Cold Bore

Venture Round in 2021
Cold Bore Technology Inc. specializes in developing down-hole sonic communication tools for the directional drilling industry within the oil and gas sector. The company offers a range of products under the SmartPAD brand, which utilizes proprietary acoustic technology to provide real-time, sensor-driven data and analytics. This technology enables clients to monitor completion operations and access vital data through a digital twin visible on handheld devices, facilitating a comprehensive overview of workflows and frac data. Founded in 2012 and headquartered in Calgary, Canada, Cold Bore Technology aims to enhance operational efficiency in drilling by delivering real-time insights from the down-hole environment to the surface.

Vendasta Technologies

Venture Round in 2021
Vendasta Technologies is a developer of an end-to-end e-commerce platform designed to support local economies by making technology accessible to small businesses. The company offers a comprehensive platform that includes a white-label marketplace for various products and services, as well as tools for lead generation, billing, fulfillment, and task management. This enables clients to efficiently deliver digital services to small and medium-sized enterprises, facilitating their growth and enhancing their operational capabilities. Through its innovative solutions, Vendasta aims to empower local businesses and contribute to their success in the digital landscape.

MaxSold Incorporated

Series A in 2021
MaxSold Incorporated is a local pickup auction marketplace specializing in estate sales, downsizing and inventory liquidation.

Paystone

Private Equity Round in 2021
Paystone is a company that specializes in customer engagement services and electronic payment processing solutions for businesses of all sizes. It offers an integrated suite of automated payment processing, customer loyalty, and gift card solutions designed to enhance the customer experience and drive business growth. Paystone's user-friendly and secure solutions are utilized at more than 25,000 merchant locations across Canada and the United States, collectively processing over $10 billion in bankcard volume annually. The company serves notable clients, including The ALDO Group, The Source, Booster Juice, and Global Pet Foods, helping these brands turn everyday transactions into meaningful customer interactions and opportunities for increased loyalty and spending.

Prodigy Education

Series B in 2021
Prodigy Education is a global leader in game-based learning, dedicated to fostering a love for learning among students through engaging and interactive experiences. The company develops educational software that combines gameplay with curriculum-aligned content, allowing students to learn in a fun and secure environment. Prodigy's platform provides a blended and virtual learning dashboard that includes progress and usage reports, catering to individual students and school districts alike. By integrating educational content with gameplay, Prodigy Education aims to motivate millions of students worldwide, ensuring they can enjoy their education without sacrificing playtime.

LifeRaft

Venture Round in 2020
LifeRaft offers a threat intelligence and investigations platform specifically designed for security teams across various sectors, from mid-sized companies to large corporations. Their Software as a Service (SaaS) platform, Navigator, integrates automation, data visualization, and validation tools to enhance intelligence capabilities. By analyzing data from major social media channels, LifeRaft's technology identifies potential threats to public safety, empowering businesses to proactively address concerns and make informed, intelligence-driven decisions to protect their people and assets.

Busbud

Series C in 2020
Busbud is a mobile app and platform that connects passengers to bus operators. It enables its users to search, compare, and book city-to-city bus tickets for any location and from any location. It is a comprehensive source of city-to-city bus schedules and tickets around the world, gathering schedules for over 10463 cities in 89 countries, in 10 languages, and 15 currencies. The app offers a search tool allowing travelers to discover and plan their next bus trip. Busbud was founded by Michael Gradek, LP Maurice, and Frederic Thouin in October 2011. It is headquartered in Montreal City in Québec, Canada.

Appnovation

Venture Round in 2020
Appnovation is a global Digital Solutions and Managed Services provider delivering strategy, application development and enterprise integration on leading open technologies. Appnovation’s in-house experts build high-performing, secure digital experiences while providing a full range of creative capabilities, coupled with 24/7 support and maintenance.

ThoughtWire

Debt Financing in 2020
ThoughtWire is a developer of digital twin technology focused on enhancing the efficiency and safety of hospitals, commercial buildings, and cities. Its flagship platform, ThoughtWireOS, integrates data from people, processes, and the physical environment to create smarter spaces. By leveraging this data along with insights from Internet of Things (IoT) devices, ThoughtWire's applications offer real-time guidance and automation for various stakeholders, including clinicians, patients, office workers, and first responders. The company's software solutions aim to unlock the potential of built environments by ensuring energy efficiency, improving operational safety, and enabling proactive issue resolution. Through its innovative approach, ThoughtWire contributes to the development of self-optimizing systems that enhance the overall quality of life in urban settings and workplaces.

Librestream

Series D in 2020
Librestream Technologies Inc. specializes in video collaboration solutions tailored for enterprises, particularly in challenging field environments. Its flagship product, the Onsight platform, allows users to conduct live video interactions, share images, and utilize onscreen telestration, facilitating communication among teams in remote locations such as offshore oil rigs or manufacturing floors. By integrating seamlessly into existing workflows, Librestream's technology helps organizations across various sectors—including manufacturing, energy, healthcare, insurance, and government—enhance their operational efficiency. The platform enables remote diagnostics, inspections, and troubleshooting, leading to reduced downtime, decreased travel costs, improved customer service, and increased productivity. Overall, Librestream empowers businesses to connect their workforce, suppliers, and customers more effectively, contributing to a more efficient operational ecosystem.

ThoughtWire

Venture Round in 2020
ThoughtWire is a developer of digital twin technology focused on enhancing the efficiency and safety of hospitals, commercial buildings, and cities. Its flagship platform, ThoughtWireOS, integrates data from people, processes, and the physical environment to create smarter spaces. By leveraging this data along with insights from Internet of Things (IoT) devices, ThoughtWire's applications offer real-time guidance and automation for various stakeholders, including clinicians, patients, office workers, and first responders. The company's software solutions aim to unlock the potential of built environments by ensuring energy efficiency, improving operational safety, and enabling proactive issue resolution. Through its innovative approach, ThoughtWire contributes to the development of self-optimizing systems that enhance the overall quality of life in urban settings and workplaces.

Proposify

Venture Round in 2020
Proposify reduces friction in your proposal workflow making it easier for your sales reps to quickly create professional-looking proposals that impress prospects and close deals. Create on-brand templates that sales reps can reuse so they don’t need to reinvent the wheel for every deal. Store all your approved proposal content in one location so snapping together a proposal takes minutes, not hours. Our Salesforce integration lets your rep create proposals, contracts, and agreements right in the CRM, and keep their data in sync. Impress prospects with a buyer experience that includes interactive pricing, videos, and live chat. Client viewing metrics let you know the moment a prospect opens the proposal, which sections they view and for how long, and - most importantly - the second they (e)sign on the dotted line. You may not actually be a mind reader, but with Proposify, you'll feel like one. Plus get faster sign-off and make it easier for prospects to buy with our legally binding electronic signature tool and order forms. We’ve revolutionized the proposal process so your reps can spend less time on manual tasks and more time doing what they do best: selling. But Proposify doesn't just save time; with assignable roles, permissions, and workspaces, you can manage the access each sales rep has. From the kind of content they can use and editing the design, all the way through to sending a proposal, you'll have full brand control and peace of mind without bottlenecking the process. Finally, a solution that makes both Sales AND Marketing happy. If you're ready to give your sales team the competitive edge, visit our website or book a demo at https://www.proposify.com.

Xello

Venture Round in 2020
Xello provides career development solutions. Xello's mission is to help anyone, anywhere in the world create a successful future through self-knowledge, exploration, and planning. Started by three friends who sought a way to answer the "what's the right path for me" question, our online software program is used globally by millions of students, educators, and adults

MaxSold Incorporated

Venture Round in 2020
MaxSold Incorporated is a local pickup auction marketplace specializing in estate sales, downsizing and inventory liquidation.

Environmental 360 Solutions E360S

Venture Round in 2020
Founded in 2018, Environmental 360 Solutions (E360S) is dedicated to becoming North America's leading and most trusted environmental management company. Growing through acquisition and organic growth, E360S provides holistic environmental and waste management solutions to municipalities, commercial, and industrial customers.

Unyte Health

Venture Round in 2019
Unyte Health Inc., based in Toronto, Canada, specializes in developing biofeedback devices aimed at enhancing nervous system regulation and resilience. Founded in 2016 and previously known as Wild Divine, the company offers products like the iom2 device, which measures heart rate variability to assess an individual's stress or relaxation levels through a resonance score. Unyte Health combines biofeedback technology with immersive digital and virtual reality experiences, making meditation accessible and engaging. Their therapeutic solutions encompass a range of techniques including multisensory programming, movement therapy, auditory processing, and approaches related to polyvagal theory, catering to various needs such as autism and ADHD. This innovative blend of technology and therapy enables users to experience the health benefits of meditation while fostering greater awareness and regulation of their nervous systems.

Appnovation

Venture Round in 2019
Appnovation is a global Digital Solutions and Managed Services provider delivering strategy, application development and enterprise integration on leading open technologies. Appnovation’s in-house experts build high-performing, secure digital experiences while providing a full range of creative capabilities, coupled with 24/7 support and maintenance.

Vendasta Technologies

Venture Round in 2019
Vendasta Technologies is a developer of an end-to-end e-commerce platform designed to support local economies by making technology accessible to small businesses. The company offers a comprehensive platform that includes a white-label marketplace for various products and services, as well as tools for lead generation, billing, fulfillment, and task management. This enables clients to efficiently deliver digital services to small and medium-sized enterprises, facilitating their growth and enhancing their operational capabilities. Through its innovative solutions, Vendasta aims to empower local businesses and contribute to their success in the digital landscape.

Mobile Klinik

Series C in 2019
Mobile Klinik provides smartphone and tablet repair services in Canada. It offers consumers a fast, convenient, high-quality repair, and other services. Mobile Klinik diagnoses and repairs most devices same-day, on-site. It also offers lifetime warranty along with battery replacement, data backup/transfer, and personalized Case-Station accessories. Mobile Klinik was founded in 2015 and is headquartered in Toronto, Ontario.

STN Video

Venture Round in 2019
STN Video is an online video platform designed to enhance user engagement and monetization for publishing partners. The platform offers a vast library of brand-safe videos and utilizes AI-powered contextual matching to deliver relevant content to viewers. With advanced video player technology, STN Video supports over 2,000 publishing partners, facilitating millions in monthly revenue. The service enables publishers to provide an enriched viewing experience, drive audience growth, and increase their revenue streams, ensuring that partners can succeed alongside the platform's offerings.

Prodigy Education

Series A in 2019
Prodigy Education is a global leader in game-based learning, dedicated to fostering a love for learning among students through engaging and interactive experiences. The company develops educational software that combines gameplay with curriculum-aligned content, allowing students to learn in a fun and secure environment. Prodigy's platform provides a blended and virtual learning dashboard that includes progress and usage reports, catering to individual students and school districts alike. By integrating educational content with gameplay, Prodigy Education aims to motivate millions of students worldwide, ensuring they can enjoy their education without sacrificing playtime.

Lift Auto Group

Seed Round in 2018
Lift Auto Group Ltd. is a consolidator in the automotive collision repair industry, specializing in the operation of auto body shops. Founded in 2016 and headquartered in Kelowna, Canada, the company has expanded its presence to include additional offices in British Columbia and Alberta. Lift Auto Group provides a range of services for vehicles damaged in road accidents, including collision repair, damage assessment, and paint touch-ups. Their team of experts focuses on restoring vehicles by addressing damage to body parts such as bumpers, glass windows, and car doors. The company aims to enhance the efficiency and quality of collision repair services across its network of centers.

PayBright

Venture Round in 2018
PayBright is a Toronto-based company that offers a point-of-sale consumer payments and lending platform, specializing in e-commerce and in-store transactions. Founded in 2009, PayBright aims to enhance the everyday commerce experience for Canadians by providing flexible and affordable payment options. The company's proprietary technology allows consumers to divide the cost of their purchases into manageable biweekly or monthly installments. This service is applicable across various sectors, including fashion, electronics, furniture, sports equipment, and education, enabling customers to make purchases with greater financial ease. By partnering with merchants, PayBright facilitates a seamless payment experience that caters to the needs of modern consumers.
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