SaskWorks

SaskWorks Venture Fund, established in 2001 and based in Regina, Saskatchewan, is a retail mutual fund focused on investing in privately-held small and medium-sized businesses that are owned or primarily operated in the province. As a labour-sponsored venture capital corporation, it offers investments that qualify for a tax credit of 35%, in addition to the benefits of RRSP tax deferral. The Fund provides Saskatchewan residents with the opportunity to invest locally, thereby contributing to the growth of regional companies and the creation of jobs within the province. Through its investment strategy, SaskWorks aims to support the development of the Saskatchewan economy while offering potential financial returns to its investors.

Chris Selness

Vice President

Past deals in Saskatchewan

Cadence

Seed Round in 2022
Cadence is a digital aftercare concierge service built to empower bereaved families by organizing, streamlining and automating estate settlement tasks. The software provides personalized guidance and uses form automation to help users navigate the process and complete the necessary applications & notifications. Once required parties digitally sign the documents, Cadence securely distributes and tracks submissions.

54e Dev Studios

Seed Round in 2021
54e Dev Studios is a game development company that specializes in creating immersive gaming experiences by integrating robotics with real-time video technology. The company focuses on developing online video games that allow users to interact with and control robots remotely, particularly in mobile gaming contexts such as golfing robots. By combining low-latency live video with user communication, 54e Dev Studios aims to deliver a unique and engaging gaming experience that bridges the gap between virtual and real-life interactions.

Curbie

Seed Round in 2021
Curbie is an innovative online platform based in Canada that facilitates the buying, selling, and trading of vehicles. It offers a unique e-commerce experience, allowing consumers to browse an extensive inventory online and receive vehicles directly at their homes. After purchasing, customers benefit from a seven-day period to decide whether to keep or return the vehicle, promoting a hassle-free experience. Curbie's operations are streamlined through the use of advanced algorithmic and AI-based tools, which reduce staffing requirements while improving decision-making processes. The platform emphasizes transparency in pricing, ensuring that customers engage in a straightforward and efficient car buying and selling experience without the need for traditional dealership interactions.

54e Dev Studios

Venture Round in 2020
54e Dev Studios is a game development company that specializes in creating immersive gaming experiences by integrating robotics with real-time video technology. The company focuses on developing online video games that allow users to interact with and control robots remotely, particularly in mobile gaming contexts such as golfing robots. By combining low-latency live video with user communication, 54e Dev Studios aims to deliver a unique and engaging gaming experience that bridges the gap between virtual and real-life interactions.

7shifts

Venture Round in 2020
7shifts Employee Scheduling Software Inc. provides an online platform for employee scheduling specifically designed for the restaurant industry, including establishments such as bars, coffee shops, and yogurt bars. Founded in 2011 and based in Regina, Canada, the company offers a web-based application that allows managers to efficiently handle staff schedules from various devices, including computers and mobile phones. The software simplifies the scheduling process by integrating employee availability, sending automatic notifications about shifts via text and email, and managing time-off requests and shift trades. This solution not only enhances communication and engagement among staff but also enables restaurant managers to optimize workforce management and reduce labor costs through detailed analytics.

SalonScale

Seed Round in 2020
SalonScale Technology Inc. is a Canadian company headquartered in Saskatoon, established in 2018 by a team of stylists. It specializes in providing innovative solutions for salons by offering a Bluetooth-enabled scale designed for measuring hair color products accurately. In addition to the scale, the company has developed a mobile platform called SalonScale, which allows salon professionals to effectively manage color product usage and track associated costs through a user-friendly web-based dashboard. With a growing user base of over 1,000 salons across North America, SalonScale Technology aims to enhance the operational efficiency and profitability of salons through its smart technology solutions.

Biktrix

Corporate Round in 2020
Biktrix Enterprises Inc is a manufacturer based in Saskatoon, Canada, specializing in electric bikes and accessories. Founded in 2014, the company offers a diverse range of electric bicycles, including all-terrain, cruiser style, commuter, and foldable models. Biktrix sells its products directly to customers through its online platform, catering to a global market.

Moody's Equipment

Venture Round in 2020
Moody's Equipment Ltd. operates as a dealer of new and used agricultural and construction equipment in Canada. It also offers lawn and garden equipment, and parts. The company was founded in 1964 and is based in Saskatoon, Canada.

Prairie Soil Services

Venture Round in 2020
Prairie Soil Services is a full-service agricultural retailer based in east-central Saskatchewan, with locations in Norquay, Kamsack, Sturgis, Canora, and Yorkton. The company provides a comprehensive range of crop input solutions, including technical information, equipment, crop protection products, and both dry and anhydrous ammonia fertilizers. Prairie Soil Services also offers seeds and additional facilities designed to enhance farmers' understanding of agricultural practices. By focusing on value-added services, the company aims to help producers optimize their input purchases and improve efficiencies in their accounting and seeding processes.

Harbour Landing Village

Venture Round in 2020
Harbour Landing Village is a retirement community based in Regina, Canada, that provides a range of senior housing services, including independent, assisted, and supportive living, as well as childcare. Founded in 2018, the village emphasizes a multigenerational approach, fostering connections among families, children, seniors, staff, and volunteers. Its facilities feature various amenities such as an onsite restaurant, coffee shop, programming rooms, and wellness activities, all designed to promote social interaction and engagement across generations. The community also offers home care services and organizes social events to enhance residents' quality of life, focusing on both physical and emotional well-being.

Coconut Software

Series A in 2019
Coconut Software is a provider of a cloud-based appointment scheduling and visitor management platform tailored for enterprise use. The platform enables businesses to streamline customer appointments and facilitate online bookings, offering features such as text and email reminders, queue management, and performance reporting. It supports self-service booking, curbside pickup, and wait time tracking, enhancing the customer experience while alleviating pressure on staff. Additionally, Coconut Software integrates with contact centers and provides solutions for virtual meetings, making it particularly beneficial for banks and credit unions. By delivering real-time traffic insights, the platform helps organizations reduce customer wait times and improve operational efficiency.

Vendasta

Venture Round in 2019
Vendasta Technologies, Inc. operates a sales and marketing automation platform designed to assist agencies and media companies in selling digital solutions to local businesses in Canada and internationally. The platform features various tools, including a marketing automation system for prospect identification and personalized reporting, a Product Catalog for consolidating diverse digital offerings, and a Pipeline Management solution for streamlined sales processes. It also provides a Snapshot Report to enhance local businesses' online presence, a digital agency management solution, and managed services for listings management, review monitoring, and social media posting. Vendasta's offerings extend to a wholesale marketplace with reputation and listing management tools, as well as brand analytics for multi-location businesses. Founded in 2008 and based in Saskatoon, Canada, Vendasta aims to empower professionals such as marketing agencies and technology companies to improve their sales efficiency and client satisfaction through its white-label solutions and comprehensive digital services.

Villanova 4 Oil Corp

Venture Round in 2015
Villanova 4 Oil Corp. is a privately-held oil and natural gas exploration and development company based in Regina, Canada. Incorporated on June 6, 2012, it is the fourth entity established by the principals of the Keystone Group of Companies. Villanova 4 focuses on exploring and developing energy resources in Saskatchewan, contributing to the region's energy sector. As of July 2018, the company operates as a subsidiary of TORC Oil & Gas Ltd.

Chronos Resources

Venture Round in 2015
Chronos Resources is a private oil and gas exploration company, focused on light oil and natural gas in southwestern Saskatchewan. Its headquartered in Calgary, Alberta

Sun Country Well Servicing

Venture Round in 2013
Sun Country Well Servicing is a private contractor based in Estevan, Saskatchewan, specializing in well servicing for the oil and gas industry. The company utilizes newly constructed freestanding mobile service rigs to provide a range of services, including single tubing, double tubing, double rod, and triple rod service rigs. With a highly experienced management team and a board composed of industry veterans, Sun Country aims to deliver safe and quality service, positioning itself to attract a diverse clientele within the sector. Their focus on operational excellence ensures that they play a crucial role in supplying the raw materials necessary for oil and gas production.

Premium Spray Products

Venture Round in 2013
Premium Spray Products Canada is the contractor's source for all their spray foam needs. They are a manufacturer of spray foams, industrial coatings, and a Top 20 Graco equipment dealer.

Pines Power Sports Marine

Venture Round in 2013
Pines PSM is Full service shop for BRP products and Ski-doo, Can-am, Sea-doo, and now Suzuki outboards. Pines Power Sports Marine is a locally owned and operated recreational products dealership. Founded in 1978 by John Panchuk, the business has since grown into one of the largest BRP dealerships in western Canada and certainly the largest in Saskatchewan. Pines Power Sports Marine today is owned and operated by Dean Lato and Justin Dryka.

Terra Grain Fuels

Venture Round in 2013
Producer of ethanol and dried distiller's grains. The company contracts with wheat growers, then sells its finished products to manufacturers, including ethanol blenders in the Canadian provinces of Saskatchewan, Alberta and Manitoba.

Centre Square Place

Venture Round in 2013
Centre Square Place is a building construction company dedicated to creating sophisticated and stylish condominium living in downtown Regina. The company emphasizes designs that feature a distinctive circular form, which allows for panoramic views from each suite. This architectural choice not only enhances the aesthetic appeal of the residences but also aligns with the company's commitment to the well-being of its owners while minimizing environmental impact. Through its focus on distinctive living spaces, Centre Square Place aims to integrate seamlessly with the surrounding cityscape, providing a unique urban living experience.

Firesky Energy

Venture Round in 2013
Firesky Energy is engaged in the exploration and production of oil and gas reserves, primarily operating in Saskatchewan and Manitoba. The company possesses a substantial land base, which allows it to effectively exploit low-risk oil resources. By focusing on cost reduction and the timely development of new projects, Firesky Energy aims to ensure steady economic growth and enhance production and cash flow. Its strategy is centered on developing long-life conventional oil and gas reserves, contributing to the availability of energy resources for the community.

The Wireless Age

Venture Round in 2012
Wireless Age through its retail and commercial divisions, is a multi-dimensional participant in the Canadian Wireless Industry. The company's mission statement "They help customers thrive in a world without wires" is achieved through two distinct business units, each with a disciplined approach to growth and profitability. The Wireless Age operates retail cellular and telecommunications outlets in Regina, Saskatoon, Martensville and Humboldt Saskatchewan. The Wireless Age markets communications solutions, products and services of their supplier partners to end users in both the consumer and business markets in the province through their 10 locations and their outbound sales forces.

Factory Optical

Venture Round in 2008
Factory Optical was established in Regina, Saskatchewan as a wholesale manufacturer of prescription lenses for independent Opticians and Optometrists. Our focus is serving customers.

Terra Grain Fuels

Debt Financing in 2006
Producer of ethanol and dried distiller's grains. The company contracts with wheat growers, then sells its finished products to manufacturers, including ethanol blenders in the Canadian provinces of Saskatchewan, Alberta and Manitoba.

Avalon Oil & Gas

Venture Round in 2005
Avalon Oil & Gas Ltd. is a Calgary-based company that focuses on the exploration, development, and acquisition of conventional and thermal heavy oil properties in the greater Lloydminster area of Alberta and Saskatchewan. The company is dedicated to maintaining high standards of environmental, safety, and governance practices while engaging in its operations. Avalon Oil & Gas aims to offer effective resource disposition alternatives to its clients, ensuring successful outcomes in the energy sector.

Tamarack Valley Energy

Venture Round in 2005
Tamarack Valley Energy is an oil and gas company involved in the identification, evaluation and operation of resource plays in the Western Canadian sedimentary basin. The Company uses a rigorous, proven modeling process to carefully manage risk and identify growth opportunities. Tamarack's diversified suite of oil-focused assets provides exposure to the high impact Cardium light oil resource plays in Lochend, Garrington/Harmattan and Buck Lake in Alberta, low cost Viking light oil resource plays in Redwater, Foley Lake and Westlock in Alberta and highly economic heavy oil opportunities southeast of Lloydminster in Saskatchewan.

Saskcan Pulse Trading

Venture Round in 2004
Saskcan Pulse Trading, a division of Alliance Grain Traders Inc. (TSX:AGT), is a global leader in value-added processing of pulses, staple foods and ingredients for export and domestic markets. Alliance Grain was founded in 2007 on the principle ‘From Producer to the World’, buying pulses and specialty crops from farmers around its facilities in Canada, the U.S., Turkey, Australia, China and South Africa and processing and exporting its products to over one hundred countries around the world.

Lazar Equipment

Venture Round in 2001
Lazar Equipment Ltd. is a dealer of farm and construction equipment based in Meadow Lake, Canada. Established in 1955, the company specializes in selling a range of agricultural machinery, including tractors, skid steers, excavators, loader backhoes, and UTVs. Additionally, Lazar Equipment offers pre-owned vehicles and a variety of parts and services, such as engine overhauls, hydraulic testing and rebuilding, and electronic diagnostics. The company also provides financing services to facilitate the purchase of its equipment. Lazar Equipment aims to support farmers and construction firms by delivering reliable machinery and comprehensive maintenance solutions.

Points North Freight Forwarding

Venture Round in 2001
Points North Freight Forwarding specializes in bulk fuel and transportation services throughout Saskatchewan. The company offers a diverse range of fuels and oils, including gasoline, diesel, heating oil, propane, and jet fuel, alongside a selection of lubricants. Additionally, Points North functions as an aviation fuel distributor, providing both into-plane and bulk aviation fuel services. The company also delivers comprehensive trucking and camp services, facilitating the movement of goods, dirt, and gravel across seasonal and ice roads as well as highways, ensuring easy logistics solutions for its clients.

Hi-Tec Profiles

Venture Round in 2001
HI-TEC Profiles Inc. is a Canadian manufacturer based in Regina, specializing in component parts for industrial and manufacturing sectors. Established in 1995, the company began with a modest 12,000-square-foot facility and a small workforce. Over the years, HI-TEC Profiles has significantly expanded its capabilities and services, which now include laser cutting, tube laser, plasma cutting, kitting, inventory management, custom design, steel rolling, bending, and supply chain solutions. With nearly 25 years of experience, the company has evolved to meet the diverse needs of its clients while maintaining a focus on quality and innovation in manufacturing.
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