Business Development Bank of Canada

The Business Development Bank of Canada (BDC) is a government-owned financial institution established in 1944, headquartered in Montreal. It aims to foster economic growth and job creation by providing financial products and services primarily to small and medium-sized enterprises (SMEs) across Canada. BDC offers a range of services, including business loans, subordinate financing, venture capital, and consulting support in areas such as strategic planning and human resource management. The bank serves various industries, including aerospace, automotive, construction, food and beverage, manufacturing, mining, oil and gas, technology, and tourism. With a network of over 100 offices, BDC operates in both official languages, ensuring access to its services for a diverse clientele nationwide.

Trevor Allibon

Managing Director, Subordinate Financing

Timothy April

Managing Director

Cheri Corbett

Senior Partner, Cleantech Practice

Saif Hashmi

Principal

Vern Malcolm

Managing Director, Growth and Transition Capital

Jérôme Nycz

Executive Vice President, BDC Capital

Matt Price

Managing Director, Growth and Transition Capital

Sal Rabbani

Managing Partner, Advisory Services

Andrianiaina Rajaobelina

Associate Principal

Michelle Scarbourgh

Managing Partner, Thrive Venture Fund for Women and Women in Technology Venture Fund

Kunle Tauhid

Vice President, Financing and Consulting

Ronald Warburton

Managing Partner

Angelo Zeni

Managing Director, Growth and Transition Capital

Past deals in Ontario

Hojicha Co.

Debt Financing in 2022
Hojicha Co. is the first brand to specialize in Japanese roasted green tea outside of Japan.

Fieldless

Debt Financing in 2022
Developer of an indoor farming technology intended to solve food sovereignty and sustainability. The company uses a mix of technologies to replace produce grown with safe, sustainable, and affordable local products, enabling customers to consume fresh and nutritious produce.

Fieldless

Series A in 2022
Developer of an indoor farming technology intended to solve food sovereignty and sustainability. The company uses a mix of technologies to replace produce grown with safe, sustainable, and affordable local products, enabling customers to consume fresh and nutritious produce.

Dozr

Series B in 2022
Dozr is a contractor to contractor equipment rental marketplace that is disrupting the construction industry by changing the way contractors manage their equipment. Using Dozr's online marketplace contractors can earn income with their high quality but underutilized equipment by listing their idle equipment for rent, sale, or rent with operator to other contractors within their trusted network. Contractors get significant savings by renting the equipment they need through Dozr.

KOHO

Series D in 2022
KOHO Financial Inc. is a financial technology company based in Toronto, Canada, founded in 2014. It offers low-cost banking services through a prepaid, reloadable Visa debit card and a mobile application designed to simplify financial management for users. The platform enables customers to conduct their daily banking operations while providing tools for expense management, such as setting financial goals, cash flow projections, group spending features, and spending insights. These functionalities allow users to effectively manage their finances and make informed spending decisions while on the go.

Sierra Wireless

Post in 2022
Sierra Wireless, Inc., together with its subsidiaries, provides device-to-cloud Internet Of Things (IoT) solutions primarily in North America, Europe, and the Asia Pacific. The company operates through two segments, IoT Solutions and Embedded Broadband. The IoT Solutions segment offers recurring connectivity services, cloud management software, and cellular modules and gateways. The Embedded Broadband segment provides high-speed cellular embedded modules that are used in non-industrial applications, such as automobile, mobile computing, and enterprise networking markets. The company serves enterprises, industrial companies, and original equipment manufacturers (OEMs) through direct channels; and indirect channels, including OEMs, distributors, value-added resellers, and mobile network operators. The company was founded in 1993 and is headquartered in Richmond, Canada.

Nicoya Lifesciences

Series A in 2021
Nicoya Lifesciences Inc. develops sensor products to get affinity, kinetics, and specificity for proteins, antibodies, DNA, RNA, enzymes, polymers, and small molecules. The company offers surface plasmon resonance (SPR) instruments, spectrophotometers, sensor chips, SPR reagents and kits, and SPR accessories; and OpenSPR, a personal label-free biomolecular analysis instrument. It also provides software solutions, such as TraceDrawer, a real-time kinetic analysis software; OpenSPR software that allows the control of the OpenSPR instrument and real time data acquisition; and OpenSpec, a software program for real time optical peak tracking. The company was founded in 2012 and is based in Kitchener, Canada.

MSP Corp

Funding Round in 2021
MSP Corp acquires and partners with high-performing Managed Service Providers in Canada and the United States to provide resources, technology, and business support to empower exceptional MSP teams. We enable the best to be even better.

Xanadu

Series B in 2021
Xanadu Quantum Technologies Inc., founded in 2016 and based in Toronto, Canada, specializes in developing photonic quantum computers. The company integrates quantum silicon photonic chips into existing hardware to create full-stack quantum computing solutions. Xanadu offers several software tools, including PennyLane, a Python library for quantum machine learning and hybrid quantum-classical computations, and Strawberry Fields, an open-source programming language for quantum computing. The company aims to make quantum computing accessible and beneficial by addressing real-world challenges and enhancing computational capabilities beyond classical methods. By combining expertise from leading scientists and industry professionals, Xanadu is positioning itself as a significant player in the quantum technology landscape.

The GIST

Debt Financing in 2021
The GIST is an audience engagement company focused on connecting and empowering underserved sports fans, particularly women, within the sports industry. Founded by women who recognized the lack of diversity and representation in sports conversations, The GIST addresses the challenges faced by fans who often feel excluded. By providing sports news, experiences, and a community tailored specifically for women, The GIST fosters a space where female fans can engage with sports on their terms. The company aims to level the playing field and ensure that all sports enthusiasts have the opportunity to participate in discussions and experiences that enrich their connection to the sports world.

Neurescence

Debt Financing in 2021
Neurescence Inc. is a Toronto-based company established in 2014 that specializes in developing advanced assessment tools for brain diseases and therapeutics. The company offers two types of graded-refractive-index (GRIN) lenses designed for imaging various areas of the central nervous system. These thin, cylindrical lenses are implanted alongside a focus-adjustable fiber-lens connector, enabling the transmission of fluorescence signals from neurons to a CMOS sensor. Additionally, Neurescence provides the Quartet, a miniature fluorescence microscope coupled with data collection software, optimized for neuronal calcium imaging. This technology enables simultaneous monitoring of neuronal activities across multiple brain regions and the spinal cord in freely behaving subjects, aiding healthcare providers in diagnosing and treating conditions such as Alzheimer's disease, epilepsy, and depression.

Exact Imaging

Venture Round in 2021
Exact Imaging develops high-resolution micro-ultrasound systems for enabling real-time imaging and guided biopsies in the urological market for prostate cancer. Its micro-ultrasound system enables visualization and targeting of suspicious regions, in addition to performing systematic TRUS biopsies for prostate cancer imaging and the surrounding anatomy. The company also offers FusionVu micro-ultrasound/MRI fusion application to complement its ExactVu micro-ultrasound system for prostate imaging and biopsy. Exact Imaging was formerly known as Imagistx, Inc. and changed its name to Exact Imaging in March 2015. The company was founded in 2003 and is based in Markham, Canada.

Peak Power

Series A in 2021
Peak’s AI-powered software enables intelligent energy in smart cities by optimizing synthetic, stationary, and mobile batteries to act as grid resources. Peak’s solutions reduce operating costs and the environmental footprint of our clients while decreasing strain on the grid.

Borrowell

Series C in 2021
Borrowell Inc. is a financial services company based in Toronto, Canada, founded in 2014. It operates an online marketplace-lending platform that connects borrowers with lenders, offering a variety of financial products, including personal loans and credit cards. Borrowell provides Canadians with tools to manage their financial well-being, including free credit score monitoring and personalized recommendations for financial products from various partners. The platform aims to simplify the borrowing process by empowering users to make informed decisions, access low-interest loans, and improve their overall financial health. Through its innovative approach, Borrowell seeks to enhance the borrowing experience for Canadians.

Tealbook

Series A in 2021
Tealbook, Inc. operates an online supplier knowledge management and procurement platform aimed at enhancing buyer-supplier relationships. Headquartered in Toronto, Canada, the company consolidates and centralizes credible supplier information, including company details, product offerings, social media feeds, and diversity certifications. This data-driven platform facilitates procurement teams in identifying qualified suppliers, collaborating with stakeholders, and improving visibility and analytics across the supplier base. Tealbook integrates seamlessly with various enterprise systems, such as ERP and contract management tools, to streamline procurement processes. Since its incorporation in 2012, Tealbook has gained recognition for its innovative approach, earning placements on lists like the CIX Top 20 and the Gartner Cool Vendor list. The platform is designed to empower organizations by providing access to a broader ecosystem of qualified suppliers, thereby enabling agile procurement and fostering meaningful partnerships.

Skygauge

Seed Round in 2020
Skygauge has reinvented the drone to perform work not possible with drones today. Their first application is performing industrial inspections (Ultrasonic Testing). Instead of having workers on ropes, boom lifts, and scaffolding The Skygauge will perform inspections 5-10x faster. This reduces turnaround time, cost of inspection, and increases safety because workers are not exposed to work at height. Once they dominate the inspection market our core technology will branch out into pressure washing/cleaning, painting/coating, and attach a robot arm for general work. The same way robot arms created a workforce in factories their drones will create a workforce in the sky.

Tulip

Venture Round in 2020
Tulip Retail, Inc. is a developer of a cloud-based mobile platform designed specifically for retail store associates. Founded in 2013 and based in Toronto, Canada, with additional offices in Kitchener, London, Caerano di San Marco, and New York, Tulip aims to enhance the in-store experience by empowering associates with a suite of intuitive mobile applications. The platform offers features such as assisted selling, clienteling, and a comprehensive checkout system, allowing associates to access product and customer information seamlessly. Retailers use Tulip's solutions to provide an enriched omnichannel shopping experience, streamlining operations and communications while elevating customer service. Notable clients include Saks Fifth Avenue, Kate Spade, and Coach, among others.

SOL Cuisine

Private Equity Round in 2020
Sol Cuisine Inc. is a Canadian company based in Mississauga, specializing in the manufacturing of vegetarian, vegan, halal, gluten-free, and organic frozen and fresh meat alternatives. Founded in 1980, the company offers a diverse range of products, including fattoush salad, horseradish aioli, vegan chipotle aioli, lemon dill aioli, vegan maki, the ultimate vegan poutine, and savory morning swirls. Committed to using local and environmentally sustainable ingredients, Sol Cuisine focuses on delivering delicious and high-quality foods that cater to health-conscious consumers.

Fable

Seed Round in 2020
Fable Tech Labs Inc. is a Toronto-based software company founded in 2018 that specializes in enhancing digital accessibility for individuals with disabilities. Its platform connects researchers, designers, and developers with users who have disabilities, allowing businesses to test and refine their online products. By leveraging feedback from individuals using assistive technology, Fable helps clients gain insights into the user experience and create customized reports aimed at improving digital accessibility. The platform offers flexible monthly plans, enabling product developers to receive consistent feedback across various assistive technologies, browsers, and devices. Fable's mission is to support the creation of accessible digital products, addressing the needs of over one billion people living with disabilities.

Symend

Series B in 2020
Symend Inc. develops a digital engagement platform designed to enhance debt recovery processes while prioritizing positive customer experiences. Founded in 2016 and based in Calgary, Canada, with additional offices in Toronto and Denver, the company utilizes behavioral science and advanced analytics to provide enterprise clients with insights into consumer behavior. This enables businesses to engage customers effectively and encourages them to resolve past due bills through personalized communications, self-service tools, and flexible repayment options. Symend's platform incorporates features such as treatment planning and campaign management, aiming to reduce debt delinquency and improve customer satisfaction. The company serves a diverse range of industries, including telecommunications, financial services, utilities, and media, and operates globally across North America, Latin America, and the Asia-Pacific region.

Clear Blue Technologies

Debt Financing in 2020
Clear Blue Technologies International Inc. specializes in off-grid power solutions that integrate renewable energy with advanced communication and cloud technology. The company develops and sells products designed to power, control, and manage solar and hybrid systems, primarily serving applications such as street lights, security systems, telecommunications, emergency power, and Internet of Things (IoT) devices. Its offerings include solar and wind controllers, telecom solar power systems, illumience cloud controls, Nano-grid power packs, and solar-powered outdoor lighting systems marketed under the Illumient brand. Additionally, Clear Blue provides remote power management services to enhance the reliability and efficiency of these systems. Headquartered in Toronto, Canada, the company operates across Canada, the United States, the Middle East, and Africa.

Eagle's Flight

Private Equity Round in 2020
Eagle's Flight is provides a comprehensive offering of learning programs that set the standard for learner engagement and business impact.

Tealbook

Seed Round in 2020
Tealbook, Inc. operates an online supplier knowledge management and procurement platform aimed at enhancing buyer-supplier relationships. Headquartered in Toronto, Canada, the company consolidates and centralizes credible supplier information, including company details, product offerings, social media feeds, and diversity certifications. This data-driven platform facilitates procurement teams in identifying qualified suppliers, collaborating with stakeholders, and improving visibility and analytics across the supplier base. Tealbook integrates seamlessly with various enterprise systems, such as ERP and contract management tools, to streamline procurement processes. Since its incorporation in 2012, Tealbook has gained recognition for its innovative approach, earning placements on lists like the CIX Top 20 and the Gartner Cool Vendor list. The platform is designed to empower organizations by providing access to a broader ecosystem of qualified suppliers, thereby enabling agile procurement and fostering meaningful partnerships.

Reshift security

Seed Round in 2020
Reshift Security Inc. is a Canadian company located in Nepean that focuses on developing secure software solutions for organizations. The company specializes in designing, implementing, and deploying software that enhances security measures, ensuring that clients can protect their data and systems effectively. With a dedicated team of software developers, Reshift Security aims to address the growing need for cybersecurity in an increasingly digital world.

Nix Sensor

Venture Round in 2019
Nix Sensor Ltd. develops Nix, a color sensor and application that enables users to scan, save, share, and compare their favorite shades on their smartphone. The company’s Nix color sensor and application allows users to scan an object and get its exact color data signature sent to the corresponding application on their phone so as to maintain a palette of preferred shades and even track down an exact tin of paint. It serves interior decorators, and designers and artists of various stripes. The company was founded in 2012 and is based in Hamilton, Canada.

Sera4

Venture Round in 2019
Sera4 Ltd. is a manufacturer of wireless locks that provide secure, keyless access control to physical sites. Founded in 2014 and headquartered in Waterloo, Canada, the company has developed a range of products, including the Teleporte access control platform, various keyless hardware, and controllers such as the Armored Padlock and MX5. These products allow users to control and track access to locked locations via a mobile application, enhancing convenience and security. Sera4 operates globally across four continents, focusing on protecting critical infrastructure in remote areas and prioritizing a positive customer experience. The company was formerly known as LockedUp before rebranding in June 2017.

Element AI

Series B in 2019
Element AI Inc. provides artificial intelligence solutions (AI) for organizations to identify opportunities to use artificial intelligence and machine learning and build AI solutions. It operates an AI as a Service (AIaaS) platform that enables businesses to launch and incubate AI solutions in partnership with large corporations. The company also operates a research and development laboratory that conducts research to deploy AI in computing infrastructure. It provides its products to insurance, banking and capital markets, manufacturing, logistics, retail, and consumer packaged goods industries. Element AI Inc. was founded in 2016 and is headquartered in Montreal, Canada with an additional office in Toronto, Canada.

Element AI

Series B in 2019
Element AI Inc. provides artificial intelligence solutions (AI) for organizations to identify opportunities to use artificial intelligence and machine learning and build AI solutions. It operates an AI as a Service (AIaaS) platform that enables businesses to launch and incubate AI solutions in partnership with large corporations. The company also operates a research and development laboratory that conducts research to deploy AI in computing infrastructure. It provides its products to insurance, banking and capital markets, manufacturing, logistics, retail, and consumer packaged goods industries. Element AI Inc. was founded in 2016 and is headquartered in Montreal, Canada with an additional office in Toronto, Canada.

Periculum

Funding Round in 2019
Periculum is an alternate credit rating solution for underserved markets, and their vision is to unlock credit for the developing world to accelerate economic empowerment. They provide lenders and financial institutions across Africa with a machine learning, alternate credit assessment solution. Their machine learning model has an 80% default prediction accuracy, better than FICO, Equifax, and Trans Union. Periculum is going to become an Africa-wide credit bureau, providing credit profiles to people and companies across the continent.

Nudge

Series B in 2019
Nudge Rewards is a Toronto-based company that offers a team performance management platform designed for retailers, foodservice, and hospitality sectors. The platform includes a mobile solution that facilitates employee engagement, knowledge assessment, and performance monitoring for frontline workers, enabling brands to effectively motivate and reward their teams. Nudge's clientele features notable global brands such as Mercedes Benz, Rogers Communications, and Samsung, among others. The company, which was established in 2011 and rebranded from Greengage Mobile in 2014, has formed strategic partnerships with organizations like ReThink and BrandXP Ltd to enhance its offerings. Through its innovative app and content management system, Nudge Rewards aims to measurably improve frontline team performance and drive overall company success.

Nicoya Lifesciences

Venture Round in 2019
Nicoya Lifesciences Inc. develops sensor products to get affinity, kinetics, and specificity for proteins, antibodies, DNA, RNA, enzymes, polymers, and small molecules. The company offers surface plasmon resonance (SPR) instruments, spectrophotometers, sensor chips, SPR reagents and kits, and SPR accessories; and OpenSPR, a personal label-free biomolecular analysis instrument. It also provides software solutions, such as TraceDrawer, a real-time kinetic analysis software; OpenSPR software that allows the control of the OpenSPR instrument and real time data acquisition; and OpenSpec, a software program for real time optical peak tracking. The company was founded in 2012 and is based in Kitchener, Canada.

Lynx Equity

Venture Round in 2019
Lynx Equity Limited is a private equity firm based in Toronto, Canada, established in 2007. The firm specializes in management buyouts, recapitalizations, and growth capital investments, primarily focusing on small to medium-sized enterprises in North America, particularly in Ontario and Western Canada. Lynx Equity targets a variety of sectors, including manufacturing, business services, financial services, and clean-energy projects, aiming to invest between CAD $200,000 and CAD $8 million per transaction. The firm typically seeks to acquire a 100% stake in its portfolio companies, which generally have an enterprise value ranging from CAD $1 million to CAD $10 million and revenues under CAD $25 million. Lynx Equity employs a buy-and-hold strategy, with investment durations of three to five years, and structures its investments as debt with equity interest. The firm also manages private equity funds and provides diversified risk through loans guaranteed by its portfolio companies, appealing to qualified Canadian investors seeking high-yield debentures.

Prophix Software

Debt Financing in 2019
Prophix Software, Inc. develops corporate performance management software that automates financial and operational processes. The company offers a unified solution that supports integrated financial planning, budgeting, forecasting, reporting, financial consolidation, analysis, cash flow planning, revenue planning, personnel planning, strategic planning, reporting and analytics, project planning, profitability analysis, and capital expenditure planning. It serves customers in construction and engineering, education, financial services, government, healthcare, high tech, life sciences, manufacturing, nonprofit, professional services, retail and wholesale, transportation and logistics, and utilities markets worldwide. The company was founded in 1987 and is based in Mississauga, Canada with additional offices in Brazil, England, and Denmark.

Avidbots

Series B in 2019
Avidbots Corp. develops and manufactures autonomous floor cleaning robots, primarily focusing on its flagship product, NEO, which is recognized as one of the most advanced autonomous scrubbing robots available. Founded in 2014 and based in Ottawa, Canada, Avidbots uses laser mapping technology to create detailed area maps and plan efficient cleaning paths. Its robots are designed to automate the labor-intensive aspects of commercial cleaning, allowing human cleaning crews to concentrate on higher-value tasks. Avidbots' products are utilized in various settings, including airports, retail malls, hospitals, colleges, and industrial sites across multiple countries. The company's vision is to integrate robots into everyday life to enhance human capabilities and improve operational efficiency in cleaning processes.

Blue J

Series A in 2018
Blue J Legal Inc. is a Toronto-based company that specializes in artificial intelligence software designed to predict court outcomes in employment law and tax matters. Founded in 2015, Blue J Legal offers two main products: Tax Foresight and Employment Foresight. Tax Foresight utilizes deep learning to analyze fact situations and uncover patterns in case law, enabling tax professionals to make informed judgments that align with the likely decisions of tax enforcement agencies and courts. Employment Foresight is tailored for human resource professionals, in-house counsel, and employment lawyers, providing rapid insights into how courts would address complex employment law issues, including reasonable notice, employee drug testing, worker classification, and dismissal causes. Through its innovative solutions, Blue J Legal aims to bring clarity and predictability to legal decision-making.

Delvinia

Grant in 2018
Delvinia is a digital strategy and customer experience design firm that focuses on enhancing digital interactions through innovative strategies. The company operates as a research technology and data collection entity, investing in next-generation technology and products. Delvinia provides platforms for qualitative research and research automation, catering to the consumer insight industry. By leveraging its insights and technological capabilities, Delvinia supports clients in addressing their business decision-making needs effectively.

Page Zero Media

Debt Financing in 2018
A full-service digital marketing agency specializing in Google AdWords, organic search findability, and related services. Founded in 2000 by Andrew Goodman.

Hoppier

Debt Financing in 2018
Hoppier is a company that provides a streamlined office snacking solution aimed at enhancing workplace happiness and productivity. Founded in 2016 and based in Ottawa, Canada, Hoppier addresses the challenges of ordering snacks and supplies for larger teams, simplifying the purchasing process through its technology-driven platform. This solution enables organizations to efficiently manage their office needs while adhering to budget constraints. Over 500 offices in the US and Canada have utilized Hoppier's services, benefiting more than 10,000 employees. Notable clients include major organizations such as Uber, Concordia University, TripAdvisor, Wealthsimple, CIBC, and Canvas Pop.

TouchBistro

Series D in 2018
TouchBistro, Inc. develops iPad-based point of sale (POS) solutions tailored for restaurants, cafes, bars, food trucks, and other food and beverage venues. The company offers a variety of specialized systems, including Restaurant POS for billing and payments, Food Truck POS for mobile operations, and Coffee Shop POS for efficient order management. TouchBistro's solutions enhance operational efficiency by allowing servers to take orders directly from customers and submit them instantly to the kitchen or bar, thereby reducing errors associated with traditional order entry methods. Additionally, the company provides a range of complementary products such as TouchBistro Reservations for guest management, cloud reporting and analytics tools, and a Kitchen Display system. Founded in 2010, TouchBistro is headquartered in New York, with an additional office in Toronto, and its 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+, all designed to enhance energy efficiency and provide remote access to temperature settings through a mobile application. These devices enable users to monitor and manage their energy consumption effectively, contributing to energy conservation while maintaining comfort in homes and offices. ecobee's products are available for purchase online, making them accessible to a wide audience.

Rise Asset Development

Debt Financing in 2018
Rise works to empower business owners with access to financing and business support. They recognize the interdependency of financial well-being to one’s overall quality of life. Rise is committed to improving the lives of people who are unable to secure employment due to mental health or addictions challenges. They invest in entrepreneurs with mental health or addiction challenges.

REPerformance

Seed Round in 2018
95% of the athletes involved in youth sport do not play sport past high school and only 0.4% of that group play past College! What is left for the 95%? Reperformance aims to provide the opportunity to excel in sport and life through fitness. REPerformance (know by it's community of users as "REP") in October 2019, partnered with Canada's largest sports and entertainment company, MLSE by powering a youth fan experience combine event for the Toronto argos. At REP we live through our product. We are located inside a University recreation in Canada and have a workplace culture of participating in our products. Each and every day as a company from developers, marketing, customer experience and our CEO all play sports and exercise as a team. REP is a culture of being your best possible self as a employee then bringing that energy to our customers.

Uvaro

Seed Round in 2017
Uvaro operates as a tech sales training program under Kiite Inc., which was founded in 2017 in Waterloo, Canada. The program is designed to equip students with the skills necessary to pursue or advance their careers in tech sales. Uvaro offers a unique curriculum that includes online live classes, collaborative working sessions, and optional internships, addressing common skills gaps in the industry. By focusing on practical training and real-world applications, Uvaro aims to enrich the talent pool for tech sales roles, helping sales teams capture, organize, and effectively utilize the information needed to close deals.

Assent

Series B in 2017
Assent Inc. specializes in compliance software and data management solutions that assist organizations in navigating regulatory requirements. The company offers a range of products, including Global Product Regulatory Software for managing compliance portfolios, Environmental Compliance Software for environmental regulations, and Custom Compliance Survey Software for gathering and analyzing supplier data. Additionally, Assent provides Inspection Software for creating compliance forms, Platform Configuration and Implementation services, and a Supply Chain Data Procurement Platform for compliance data transmission. Their Ethical Supply Chain Software addresses federal acquisition regulations, while the Full Materials Disclosure module streamlines supply chain outreach. Beyond software, Assent offers regulatory compliance consulting, compliance planning, data collection, and reporting services. Founded in 2005 and based in Ottawa, Canada, Assent serves a diverse clientele, from mid-sized companies to Fortune 500 firms, with a strong emphasis on customer service and collaboration.

Element AI

Series A in 2017
Element AI Inc. provides artificial intelligence solutions (AI) for organizations to identify opportunities to use artificial intelligence and machine learning and build AI solutions. It operates an AI as a Service (AIaaS) platform that enables businesses to launch and incubate AI solutions in partnership with large corporations. The company also operates a research and development laboratory that conducts research to deploy AI in computing infrastructure. It provides its products to insurance, banking and capital markets, manufacturing, logistics, retail, and consumer packaged goods industries. Element AI Inc. was founded in 2016 and is headquartered in Montreal, Canada with an additional office in Toronto, Canada.

Wherego

Debt Financing in 2017
Wherego is a travel management and planning platform tailored for Chinese tourists visiting Canada. With a significant increase in the number of Chinese travelers, the company recognizes the shift from traditional group travel to a preference for unique, personalized experiences. Wherego's mobile platform allows users to discover, plan, and purchase itineraries that suit their preferences. Utilizing AI technology, the platform provides tailored recommendations to enhance the travel experience. By focusing on the needs of modern Chinese travelers, Wherego aims to facilitate memorable journeys in Canada, catering to the growing interest in independent travel among this demographic.

Klipfolio

Series B in 2017
Klipfolio Inc. is a cloud-based business intelligence company that specializes in providing real-time dashboard solutions. Its flagship product, Klipfolio Dashboard, empowers users to monitor key business metrics by connecting to various data sources, allowing for data manipulation, visualization, and sharing across devices including web browsers and TV monitors. In addition to its dashboard capabilities, Klipfolio offers consulting services in design, business analysis, and data visualization, as well as technical training. The company caters to a diverse range of sectors, including technology, healthcare, financial services, and government organizations. Founded in 2001 and headquartered in Ottawa, Canada, Klipfolio aims to enhance decision-making by enabling users to take control of their data.

InvestorCom

Venture Round in 2017
InvestorCOM is a leader in providing financial technology and outsourcing services to banks, asset managers, insurance companies and investment dealers. They have developed an innovative suite of FinTech solutions in response to increasing regulation and the demand for more effective communication and disclosure from the financial services industry.

Mosaic Manufacturing

Seed Round in 2016
Mosaic Manufacturing Ltd. is a Canadian company based in Toronto that specializes in hardware and software solutions for three-dimensional printing. Founded in 2014, the company focuses on innovating technology that combines multiple filaments into a single strand, which is then used in 3D printers. This approach enhances the capabilities of 3D printing by allowing for the use of diverse materials in a single print job.

Strongpoint

Debt Financing in 2016
Strongpoint provides companies with Netsuite and Salesforce to manage change in their systems, enabling them to drive growth with confidence and certainty.

Assent

Series A in 2016
Assent Inc. specializes in compliance software and data management solutions that assist organizations in navigating regulatory requirements. The company offers a range of products, including Global Product Regulatory Software for managing compliance portfolios, Environmental Compliance Software for environmental regulations, and Custom Compliance Survey Software for gathering and analyzing supplier data. Additionally, Assent provides Inspection Software for creating compliance forms, Platform Configuration and Implementation services, and a Supply Chain Data Procurement Platform for compliance data transmission. Their Ethical Supply Chain Software addresses federal acquisition regulations, while the Full Materials Disclosure module streamlines supply chain outreach. Beyond software, Assent offers regulatory compliance consulting, compliance planning, data collection, and reporting services. Founded in 2005 and based in Ottawa, Canada, Assent serves a diverse clientele, from mid-sized companies to Fortune 500 firms, with a strong emphasis on customer service and collaboration.

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.

Invixium

Series A in 2016
Invixium Inc. is a manufacturer of advanced biometric solutions headquartered in Markham, Canada, with additional research and development operations in Ahmedabad, India. Established in 2012, the company offers a range of products designed to enhance security and convenience in access control. Its offerings include Ixm Mycro, which personalizes environments for home users; Ixm Touch, which prevents time theft in businesses by capturing electronic time stamp entries; IXM Titan, a multipurpose edge computing device that recognizes faces; IXM Merge, an indoor fingerprint tracking device; and Ixm Sense, tailored for industrial environments such as construction sites and hospitals. Invixium's products are designed to replace traditional access methods like keys and passwords with modern, internet-ready biometric solutions, all while ensuring durability in harsh conditions.

SensorSuite

Seed Round in 2015
SensorSuite Inc. is a Toronto-based company that specializes in providing real-time building intelligence through wireless sensors for property managers across various sectors, including multi-residential, commercial, and industrial markets. The company offers a range of mobile applications, such as BoilerLink for monitoring and controlling boilers, FridgeLink for fridge monitoring and predictive maintenance, and a solution for monitoring hotel rooms. These applications utilize sensors that capture, process, and analyze data, delivering actionable insights to users via web or smartphone platforms. By enhancing operational efficiency and reducing risks, SensorSuite empowers property managers to optimize the performance of their assets and make informed decisions.

Prodomax Automation

Seed Round in 2015
Prodomax Automation Ltd. is a manufacturer based in Barrie, Canada, specializing in automated manufacturing solutions. Founded in 1971, the company designs and constructs equipment for various applications, including assembly, welding, machining, material handling, and laser cutting/welding. Prodomax offers a range of products such as resistance and arc welding systems, assembly systems, hot stamping systems, and laser systems, catering primarily to industries like automotive, electronics, and consumer products. The company focuses on process engineering and implementation, providing services that encompass system layout, simulation, hardware controls, software design, and robotic handling systems. Prodomax Automation Ltd. operates as a subsidiary of Jenoptik AG.

Wagepoint

Seed Round in 2014
Wagepoint Inc. is a Calgary-based company that specializes in developing payroll software solutions tailored for small businesses in North America. Founded in 2012, Wagepoint provides an easy-to-use online platform that automates various payroll functions, including direct deposits, payroll calculations, and compliance with state and local tax regulations. The software also features tools for time and attendance tracking, vacation pay management, and generating wage detail reports and online pay stubs. By streamlining payroll processes, Wagepoint aims to simplify the administrative burden for small and medium-sized businesses, ensuring timely employee payments while facilitating compliance with government requirements.

Privacy Analytics

Seed Round in 2014
Privacy Analytics Inc. specializes in data anonymization software tailored for healthcare organizations, insurance providers, and medical device manufacturers. The company provides solutions that enable the responsible de-identification of both structured and unstructured personal data, facilitating various secondary uses such as research, public health analysis, and marketing while ensuring individual privacy and legal compliance. Its flagship product, PARAT, integrates de-identification and data masking capabilities for clinical and health claims databases. Additionally, Privacy Analytics offers a range of tools, including text anonymization software and an online risk assessment tool to streamline data sharing agreements. The company also provides services such as re-identification risk assessments and anonymization methodology training. Founded in 2007 and based in Ottawa, Canada, Privacy Analytics operates as a subsidiary of IQVIA Holdings Inc.

Pythian

Venture Round in 2014
Pythian specializes in the planning, deployment and ongoing operational support of especially valuable or strategic enterprise data infrastructure running Oracle, SQL Server, MySQL, Netezza, MongoDB and Hadoop. Pythian's services are available worldwide and Pythian employs systems engineers, database and applications architects and administrators, and systems specialists in 22 countries of the world. Notable clients include Beats Musix, PPL, Forbes Media, TinyCo, Adobe, Symantec, Australia Post, The New York Times Corporation, RockYou, Digital River, Freshdirect, Rakuten and Sonos. Pythian also has a practice specializing in enterprise infrastructure services, performing the management of operating systems, network and storage support for mission-critical enterprise servers. Finally, Pythian is the parent company to Adminiscope, the SAAS Privileged Access Management system. Adminiscope allows stakeholders to manage, supervise and record all activities performed by internal and external privileged users.

Voltera

Grant in 2014
Voltera is a manufacturer of circuit board printers designed to expedite hardware development for engineers. By enabling rapid prototyping of circuit boards within minutes, Voltera addresses the challenges associated with traditional fabrication processes, which often involve significant costs and lengthy lead times. This innovative technology allows organizations to iterate on circuit layouts quickly, drastically reducing the time and expense typically associated with outsourcing board fabrication. As a result, the development cycle can be shortened from months to days, empowering companies to bring new products to market more efficiently and effectively.

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 identify potentially harmful ingredients in cosmetics and personal care products. Users can scan barcodes or search for products to access information about their ingredients, which is synthesized into a score based on data from government lists, peer-reviewed studies, and reports from health organizations. This functionality empowers users to make informed decisions regarding the health and environmental impacts of the products they use in their daily lives. By simplifying the process of reading product labels, Think Dirty aims to promote conscious consumerism in the beauty and personal care sectors.

Solantro Semiconductor

Series A in 2012
Solantro is a leader in module integrated electronic technology for intelligent solar solutions. The company has assembled a team of proven entrepreneurs with deep experience in system architecture, semiconductors, power conversion, RF and distributed communications systems.

Profound Medical

Series A in 2011
Profound Medical Corp. is a medical technology company that specializes in the development of magnetic resonance guided ablation procedures for treating conditions such as prostate disease, uterine fibroids, and palliative pain from bone metastases. The company's lead product, the TULSA-PRO system, combines real-time MRI guidance with robotically driven ultrasound to provide precise, non-invasive tissue ablation. This system is designed to work seamlessly with existing MRI infrastructure in hospitals and treatment facilities. Additionally, Profound Medical offers the Sonalleve platform, which targets uterine fibroids and bone metastases. The company is headquartered in Mississauga, Canada, and has established a co-development agreement with GE Healthcare to enhance access to its TULSA-PRO system. Profound Medical is committed to improving patient care by providing safe and effective treatment options that allow for quicker recovery and a return to daily activities.

BLiNQ Networks

Series A in 2011
BLINQ Networks is the pioneer in developing next-generation non-line-of sight (NLOS) wireless backhaul products for compact base stations that enable wireless carriers to address the growth in demand for capacity. BLINQ is funded by highly regarded US and Canadian venture capital firms with strong investment track record in wireless technologies and solutions. Their management team has a proven record in building high-growth businesses in the wireless industry with companies that include Andrew, Flarion and Qualcomm. BLINQ's core engineering team comes from Nortel Networks where they were well recognized for developing innovative, state of the art and cost effective wireless systems that have been deployed worldwide. They are set to make a large impact in the wireless industry at a critical inflection point where the mobile Internet enabled by smart phones and mobile computing devices are driving data usage ever higher.

Interface Biologics

Series B in 2011
Interface Biologics, Inc. (IBI) is a commercial stage company that develops transformative biomedical polymer technology to improve the safety and effectiveness of medical devices. Their patent-protected technologies include anti-thrombogenic additives for blood contacting medical devices and polymer enabled combination drug delivery devices. IBI has exclusive Endexo™ technology licensing agreements with AngioDynamics for vascular access catheters and with Fresenius Medical Care for chronic dialysis systems. AngioDynamics’ BioFlo PICCS, Ports and DuraMax Dialysis Catheter with IBI’s Endexo technology have received FDA clearance and are gaining commercial traction. IBI also has a joint venture commercial agreement with Qualimed to develop a drug-coated balloon based on IBI’s Kinesyx™ technology. The company was founded in 2001 and is headquartered in Toronto, Canada at the acclaimed MaRS Innovation Centre.

Covarity

Venture Round in 2010
Covarity, Inc. develops and delivers online post-origination commercial loan monitoring and analysis solutions for financial institutions that offer working capital lending products. It offers borrower tracking and notification, client portal, borrowing base analysis, financial analysis, financial document parser, portfolio reporting, and fraud indicator solutions to manage a commercial loan portfolio. The company monitors small to large commercial loan portfolios requiring reviews of collateral and financials; and provides insight and control that lenders needed to grow their portfolio, as well as reduce risk and enhance client service. It serves banks and credit unions, and other lenders in Canada. Covarity, Inc. was founded in 1999 and is based in Kitchener, Canada.

NATRIX Separations

Series B in 2008
Natrix Separations is a leading supplier of high performance, single use and multi-cycle disposable chromatography products to the life science, food, beverage and water markets. Natrix has developed a unique technology that combines the high binding capacity, selectivity and specificity normally associated with resin-based chromatography with the high throughput and ease of use of traditional membrane products.

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.

IatroQuest Corporation

Venture Round in 2003
IatroQuest Corporation's breakthrough, patent-pending biosensing platform technology called Bio-Alloy™, is made possible by the convergence of nanotechnology, advanced semi-conductor materials, biotechnology and photonics. This Bio-Alloy platform will allow a wide range of product lines covering many market segments: from Biosensing Cartridges for the biodefense industry and high-density microarrays for drug discovery applications to Point-of-Care diagnostics and environmental monitoring. The unique attributes of Bio-Alloy™ enable it to detect and identify in real-time a wide range of biological agents, as well as specific small chemical molecules, with a high degree of sensitivity and selectivity.

Critical Telecom

Venture Round in 2003
Critical Telecom develops broadband enabling platforms for IP-based access networks. It offers GEmini, an Ethernet remote DSLAM that delivers non-blocking bandwidth enabling applications, such as triple play and IPTV. Critical Telecom was founded in 1987 and is based in Ottawa, Canada.

The Bistro Group

Venture Round in 2003
The Bistro Group owns and operates hospitality casual dining restaurants and homegrown concepts. The company's restaurants include, baker & cook, Buffalo Wild Wings, Bulgogi Brothers, Denny's, Fish & Co., Italianni's, Krazy Garlik, Modern Shanghai, Moe's, Murray's, Plank, TGI Fridays, Texas Roadhouse, Tonkatsu, Village Tavern, and Watami. It offers rewards and privileges through its Bistro Card. The company is based in Makati City, the Philippines.

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.

SiberCore Technologies

Series D in 2002
SiberCore Technologies Incorporated is a pure-play, Internet IC company developing high-value-added Application Specific Standard Products (ASSPs) for intelligent hardware-based switching and routing platforms, such as Gigabit / Terabit Routers and Layer 2 / 3 / 4 Ethernet Switches. The company's initial products are a family of high-speed high-capacity packet forwarding engines based on Content Addressable Memories (CAM technology) which overcome the performance bottleneck associated with the network's routing table look-up function. This emerging market has been created by the demands of the explosion in datacom traffic, coupled with the worldwide deployment of fiber optics and DWDM. These broadband deployments have shifted the bottleneck from the Access and Transport section of the network, to the Routers and Switches connecting to these pipes. The company's founding technical team gained industry-wide recognition for its world-class design expertise in this area at Nortel Networks. A veteran Executive team in all the functional divisions of the company supplements this preeminent technical team.

Cytochroma

Series B in 2001
Cytochroma is a clinical stage specialty pharmaceutical company that designs, develops and commercializes prescription products to treat and prevent the clinical consequences of vitamin D insufficiency and secondary hyperparathyroidism (SHPT) associated with chronic kidney disease (CKD). The Company has an advanced portfolio of new therapies designed to safely and effectively treat patients with vitamin D insufficiency and SHPT associated with Stage 3, 4 or 5 CKD. In addition, Cytochroma is developing novel therapies to treat elevated blood phosphorus levels (hyperphosphatemia) in order to improve the control of SHPT in CKD patients.

Cytochroma

Series B in 2001
Cytochroma is a clinical stage specialty pharmaceutical company that designs, develops and commercializes prescription products to treat and prevent the clinical consequences of vitamin D insufficiency and secondary hyperparathyroidism (SHPT) associated with chronic kidney disease (CKD). The Company has an advanced portfolio of new therapies designed to safely and effectively treat patients with vitamin D insufficiency and SHPT associated with Stage 3, 4 or 5 CKD. In addition, Cytochroma is developing novel therapies to treat elevated blood phosphorus levels (hyperphosphatemia) in order to improve the control of SHPT in CKD patients.

Fakespace Systems

Venture Round in 2001
At Fakespace Systems, customers are discovering advanced visualization technologies.

Solidum Systems

Series B in 2001
Solidum is a leader in the development of wirespeed packet classification products. Solidum's unique approach, based on programmable state machine technology and an openly distributed pattern processing language, accelerates the time to market for a wide range of broadband network applications. The company develops ICs for high-speed communication equipment manufacturers. Solidum is a founding member of CPIX ( www.cpixforum.com), a principal member of the Optical Internetworking Forum (www.oiforum.com), and a participating member of CSIX (www.CSIX.org), and the 10 Gigabit Ethernet Alliance (www.10gea.org).

Nu-Wave Photonics

Venture Round in 2000
Nu-Wave Photonics is a manufacturer of optical sensors for detecting chemicals and biological agents.

SiberCore Technologies

Series A in 1999
SiberCore Technologies Incorporated is a pure-play, Internet IC company developing high-value-added Application Specific Standard Products (ASSPs) for intelligent hardware-based switching and routing platforms, such as Gigabit / Terabit Routers and Layer 2 / 3 / 4 Ethernet Switches. The company's initial products are a family of high-speed high-capacity packet forwarding engines based on Content Addressable Memories (CAM technology) which overcome the performance bottleneck associated with the network's routing table look-up function. This emerging market has been created by the demands of the explosion in datacom traffic, coupled with the worldwide deployment of fiber optics and DWDM. These broadband deployments have shifted the bottleneck from the Access and Transport section of the network, to the Routers and Switches connecting to these pipes. The company's founding technical team gained industry-wide recognition for its world-class design expertise in this area at Nortel Networks. A veteran Executive team in all the functional divisions of the company supplements this preeminent technical team.
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