Verstra Ventures

Verstra Ventures is a venture capital firm based in Mississauga, Canada, founded in 2018. The firm focuses on partnering with early-stage software companies that operate in specific industries. Verstra Ventures aims to support founders in building sustainable businesses by providing capital and leveraging their expertise in best practices. They are particularly interested in post-revenue startups that have a narrow market focus and are seeking growth opportunities. Through their involvement, Verstra Ventures seeks to help portfolio companies scale efficiently while maintaining a commitment to sustainability.

Justin Dunnion

Associate

Matan Hazanov

Managing Director

8 past transactions

Mariner

Series A in 2022
Mariner specializes in industrial Internet of Things (IIoT) and analytics solutions aimed at enhancing decision-making for discrete and process manufacturers globally. Founded in 1998, the company has developed Spyglass, a cloud-based IoT platform on Microsoft Azure, which supports clients in improving operational efficiency and reducing costs. Mariner's offerings include a deep learning visual inspection system designed to enhance defect detection on surfaces, thereby lowering manufacturers' costs associated with quality control. The company's integrated approach focuses on aligning technological solutions with the client's long-term goals and organizational culture, enabling continuous evolution and increased competitiveness in the manufacturing sector.

Verto Inc.

Seed Round in 2020
Verto Inc. is a Toronto-based company that specializes in designing and developing digital platforms for the healthcare industry. Incorporated in 2009, Verto focuses on providing hybrid virtual care and healthcare services that enhance patient engagement and care coordination. The company utilizes digital twin technology to create smart integrations that connect various healthcare systems, including hospital information systems, electronic medical records, and laboratory information systems. This technology facilitates easier access to relevant patient information at different stages of care, streamlining clinical workflows and improving overall patient outcomes.

Hyre

Venture Round in 2020
Hyre Inc. operates an online marketplace that connects event staff, such as bartenders and servers, with event organizers, including venues, caterers, and planners. Founded in 2015 and based in Toronto, Canada, with an additional office in Ottawa, the company streamlines the hiring process by eliminating the need for traditional staffing agencies. This direct connection allows event organizers to secure staff at reduced costs while ensuring higher quality service through a performance rating system. Event staff benefit as well, often earning higher hourly wages for their work. The platform fosters a more efficient and cost-effective hiring experience for both parties involved in event planning.

VXG

Seed Round in 2020
VXG Inc. is a Toronto-based company that specializes in developing a video management software (VMS) platform tailored for artificial intelligence applications. Founded in 2016, VXG offers solutions for streaming, processing, and recording live video, connecting cameras from various locations to multiple AI engines. The platform supports video surveillance as a service, enabling seamless integration with different AI services. VXG's offerings include both cloud and on-premise components, allowing smart surveillance and analytics providers to achieve unlimited scalability, significant cost reductions, and enhanced bandwidth efficiency. Additionally, the company provides its services through a mobile application, facilitating easy access and management of video data.

Simpliconnect

Venture Round in 2020
Developer of marketing software designed to build strong loyalty programs for consumers. The company's software connects businesses to their customers by creating simple and effective loyalty programs that are easy to use and fully integrated into the POS systems, enabling small to mid-sized C-store chains to engage, award, and retain customers through customized programs.

Wisely

Seed Round in 2019
Wisely Cloud Inc. is a Toronto-based company that provides a fundraising platform designed specifically for charities and nonprofits. Founded in 2017, the platform utilizes artificial intelligence and machine learning to enhance fundraising efforts by identifying optimal donors and providing fundraisers with actionable insights. This enables organizations to effectively manage donor portfolios and relationships, thereby accelerating their fundraising activities. Through its technology, Wisely aims to support nonprofits in engaging with their donors more efficiently and effectively.

EnergyX

Seed Round in 2018
EnergyX Solutions Inc. is a technology company based in Toronto, Canada, that specializes in energy management and conservation. Established in 2016, it offers an innovative software platform designed for energy providers, facilitating customer engagement in energy efficiency programs. The platform, known as MyEnergyXpert, conducts online energy audits and acts as a marketplace, enabling utilities and energy retailers to effectively involve customers. It automates personalized interactions with users and employs artificial intelligence to generate tailored recommendations. Additionally, the platform equips program managers with real-time tracking of customer journeys, along with insights and recommendations for future program development. EnergyX aims to simplify energy savings initiatives for both residential and commercial clients, believing that its solutions can significantly contribute to reducing global greenhouse gas emissions.

Savormetrics

Non Equity Assistance in 2017
Savormetrics specializes in developing advanced sensor-driven solutions aimed at extending the shelf life of food products. Their innovative technology utilizes non-chemical methods to optimize storage environments by monitoring air quality and removing harmful contaminants through artificial intelligence. The company's food-safe analyzers provide real-time metrics on food and water safety and quality, detecting pathogens, contaminants, and biomarkers. Additionally, these analyzers can predict decay curves, allowing businesses to accurately estimate the remaining shelf life of their food products. Through this approach, Savormetrics enhances food safety and quality, supporting businesses in maintaining optimal conditions for their products.
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