Canrock Ventures

Canrock Ventures is a venture capital firm established in 2010, based in Brookville, New York. The firm specializes in incubation, startup, and early-stage investments, primarily focusing on technology companies. Canrock Ventures typically invests $0.5 million during the startup phase and an additional $1 million to help establish operations, along with mid-size investments ranging from $0.1 million to $0.5 million. The firm aims to acquire equity stakes between 40% and 80% in its portfolio companies, with a target return of 5-10 times, even for exits valued between $15 million and $50 million. Additionally, Canrock Ventures prefers to take a board seat in its investments and emphasizes smaller investments in promising technologies.

Theodore Smith III

Managing Director

10 past transactions

Crowdster

Series B in 2014
Crowdster Inc. develops online event management software to manage and promote events. The company’s event management software features include social networking and engagement, cause marketing, gamification and incentivization, Email marketing, and analytics dashboard; and event ticketing, RSVP, and registration. It offers its solution for various events and industries, including nonprofits and associations, sports and entertainment, corporations, transportation companies, and education. Crowdster Inc. was formerly known as Karma411 Inc. and changed its name to Crowdster Inc. in May 2014. The company was founded in 2007 and is based in Brookville, New York.

Sentiment Alpha

Series C in 2014
Sentiment Alpha is an investment management firm that specializes in developing quantitative trading strategies. The firm employs sentiment analysis techniques alongside extensive media data, which includes information from social media, blogs, news outlets, and broadcasts. By leveraging this diverse array of sources, Sentiment Alpha aims to harness the collective insights of the public, applying principles of behavioral finance and the predictive capabilities of social media. This approach allows clients to make informed investment decisions based on a comprehensive understanding of market sentiment.

Plum.io

Seed Round in 2014
Plum.io, Inc. is a Canadian company that operates a cloud-based recruitment platform designed to assist organizations in hiring, developing, and retaining top talent. Utilizing artificial intelligence and principles from industrial and organizational psychology, Plum's platform evaluates key competencies such as adaptability, innovation, and communication to enhance talent acquisition processes. This technology enables companies to make informed hiring decisions, predict successful candidates, and support employee development and workforce planning. Plum.io, originally known as Cream.HR, Inc., was founded in 2012 and rebranded in 2014. The company's mission is to leverage its extensive database of human potential to optimize every stage of the employee journey, from recruitment to leadership development.

Tacit

Seed Round in 2014
Tacit Innovations Corp. designs and develops mobile applications that enable users to discover, browse, order, and pay for their meals at various restaurants. Its products include Maegan, a mobile platform that enables restaurant-goers to browse menus, manage their orders, and pay for their meals; and Maegan Mobile, an end-user mobile application that extends in-restaurant services directly to a consumer mobile device. The company was founded in 2012 and is based in Toronto, Canada.

Vidaao

Seed Round in 2013
Vidaao is a video production marketplace, connecting buyers and sellers of custom video production services. Buyers can source professional video for their business by price, location and style. Videographers and production companies can use Vidaao to market their services.

ViewsIQ

Pre Seed Round in 2013
ViewsIQ is a medical imaging company, focused on digitizing a patient's lab samples blood, urine, tissue, under the microscope. Designed to integrate seamlessly into the laboratory's existing microscopy workflow, the company's innovative Panoptiq product platform provides clinicians maximum control over the digital image quality of lab samples. With Panoptiq's images, clinicians provide a high quality of care virtually to patients anywhere globally. It also enables the user to optimize the focus with their microscope. ViewsIQ software automatically sharpens out-of-focus areas within the panoramic image to achieve the best results. It was founded in 2010 and is headquartered in Vancouver, BC, Canada.

Organimi

Seed Round in 2013
Organimi is a software company that specializes in cloud-based solutions for creating, updating, and sharing organizational charts, photo boards, and contact lists. Founded in 2012 and headquartered in Waterloo, Canada, Organimi provides tools that enable real-time documentation and tracking of team structures, making it particularly beneficial for large organizations. The platform integrates with various social, mobile, and cloud services, allowing users to maintain comprehensive records and foster collaboration within their teams. By offering a centralized database for organizational data, Organimi supports small and medium enterprises as well as larger industries in building connected and engaged organizational structures.

BuildCircle

Seed Round in 2012
BuildCircle Inc. is a Canadian company, established in 2010 and headquartered in Stratford, that provides a cloud-based software solution tailored for contractors in the construction industry. The BuildCircle platform simplifies communication between contractors and their subcontractors, addressing challenges associated with managing extensive project documents and RFPs. By automating various communication processes, including faxes, emails, and document management, BuildCircle enables contractors to streamline their operations in a sector valued at $8 trillion. The service is accessible via desktop and mobile devices, allowing users to save significant time—averaging 20 hours per month—thereby improving their ability to create competitive bids and enhance project profitability.

Honestly Now

Seed Round in 2011
Honestly Now, Inc. is a company based in Pound Ridge, New York, that offers comprehensive banking and credit information. Established in 2010, it provides a range of resources that include details about banks and credit unions, such as their addresses, phone numbers, operating hours, ATM locations, routing numbers, and swift BIC codes. Additionally, the company focuses on small business banking and community and agricultural banking, offering insights that help individuals and businesses make informed financial decisions.

CooCoo

Series A in 2011
CooCoo SMS, Inc. is a technology company based in Huntington, New York, founded in 2010. It offers real-time transit information and e-ticketing services to commuters in the United States. Users can send a text message with their station-to-station travel requests to receive accurate schedules quickly, covering transit systems such as the Long Island Rail Road, Metro North, NJ Transit, PATH, and Boston's MBTA. In addition to its text messaging service, CooCoo provides mobile applications for both iPhone and Android, enhancing accessibility for users seeking up-to-date transit information. The company continues to expand its services to include additional cities.
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