PenderFund Capital Management

PenderFund Capital Management is an independent investment firm based in Vancouver, Canada, established in 2003. The firm specializes in value-based investing and aims to generate superior risk-adjusted returns for its investors. PenderFund primarily focuses on financial service solutions within the healthcare technology sector, targeting companies in both the United States and Canada. Through its strategic investments, PenderFund seeks to create long-term value for its stakeholders.

David Barr

CEO and Portfolio Manager

17 past transactions

Keepe

Venture Round in 2021
Keepe Up, Inc. is a Seattle-based company that has developed a mobile application designed to connect users with qualified technicians for on-demand home repairs. Founded in 2014, the app allows users to request services by taking a picture and describing the issue, streamlining the process of finding and hiring a handyman. Keepe operates as a B2B marketplace, catering to property management firms, home warranty companies, and real estate investment trusts (REITs), offering an efficient solution for obtaining estimates, completing repairs, and managing payments. Available in multiple cities across the United States, Keepe aims to simplify home repair services for both businesses and homeowners, facilitating quick access to maintenance professionals.

Librestream

Series D in 2020
Librestream Technologies Inc. specializes in mobile video collaboration solutions tailored for enterprises, particularly Fortune 500 companies. Its flagship product, Onsight, enables remote experts to assess environments and troubleshoot equipment through live video, voice communication, and image sharing. This platform includes various components such as Onsight Connect for collaboration across multiple devices, rugged smart cameras for field workers, and the Onsight Management Suite for user management. Librestream's solutions are utilized across diverse industries, including manufacturing, energy, healthcare, and government, allowing organizations to enhance productivity, reduce downtime, and improve customer service. By integrating seamlessly into existing workflows, Librestream addresses the unique challenges faced by physical workers in demanding environments, ultimately facilitating remote diagnostics and inspections. Founded in 2003 and headquartered in Winnipeg, Canada, Librestream has established strategic partnerships with companies like Cisco Systems and Verizon Wireless to enhance its offerings.

Checkfront

Series A in 2020
Checkfront, Inc. is a cloud-based booking management application and e-commerce platform based in Victoria, Canada, with an additional office in Vancouver. Established in 2008, the company serves tour providers, accommodation managers, and rental businesses both in Canada and internationally. Checkfront's platform enables customers to efficiently manage various aspects of their operations, including activities, tours, accommodations, events, and rentals, while also facilitating reservations and customer tracking. With over 4,000 customers across 120 countries, Checkfront offers a fully managed solution built on a Software as a Service (SaaS) model, featuring automated updates, backups, and robust security measures on a high-speed, high-availability network.

Switch Materials

Secondary Market in 2019
SWITCH Materials Inc. designs smart window solutions for automotive applications for OEMs and Tier 1 suppliers. It serves lower emissions, electric vehicles, customer impact, and custom solar management applications. The company was founded in 2007 and is based in Burnaby, Canada.

Redlen Technologies

Secondary Market in 2019
Redlen Technologies Inc. specializes in the manufacture of cadmium zinc telluride (CZT) semiconductors, which are essential for radiation detection and imaging equipment used in medical and security applications. Founded in 1999 and headquartered in Saanichton, Canada, the company produces high-resolution CZT detectors that enhance the performance of technologies such as nuclear cardiology, CT scanning, baggage scanning, and bomb detection. Redlen has pioneered a unique production process known as the Traveling Heater Method (THM), which improves the cost-effectiveness and availability of CZT materials, facilitating broader adoption in the medical and security sectors. Additionally, the company provides advanced thin film solar cadmium telluride feedstock solutions, contributing to the thin-film solar photovoltaic market. With a strong focus on innovation and quality, Redlen Technologies is positioned to significantly impact the landscape of radiation-based imaging technologies.

Cooledge

Secondary Market in 2019
Cooledge Lighting is a venture backed start-up focused on delivering high value solid-state lighting solutions to the general illumination market. Founded in 2009, Cooledge is currently in the development stage of the company with product launch coming at Lightfair 2013 in Philadelphia, PA.

Teradici

Secondary Market in 2019
Teradici Corporation specializes in PC-over-IP (PCoIP) technology, which facilitates the transfer of images from centralized servers or workstations to various PCoIP-ready endpoints. This technology enhances the provisioning and management of computing services, supporting diverse work styles including remote, mobile, and collaborative environments. Teradici's offerings encompass a range of solutions such as zero clients, optimized thin clients, hardware accelerators, remote workstation cards, workstation access software, and a management console for enterprise deployment. These products cater to industries like education, financial services, healthcare, media and entertainment, and architecture, among others. The company also provides cloud solutions, desktop virtualization infrastructure, and support services. Teradici's clientele includes Fortune 500 companies, government agencies, and cloud service providers, and it collaborates with OEM partners globally. Founded in 2004 and headquartered in Burnaby, Canada, Teradici is committed to innovation and has secured over 40 patents in its field.

Copperleaf

Secondary Market in 2019
Copperleaf Technologies Inc. is a provider of enterprise software solutions designed for asset-intensive organizations dealing with aging infrastructure challenges in Canada and internationally. The company specializes in decision analytics that leverage operational and financial data, enabling clients to optimize capital planning, asset life cycle management, and budgeting. Its flagship product, Copperleaf C55, supports asset investment planning and management by helping organizations make risk-informed decisions, forecast performance, and evaluate investment options with real data. Additionally, Copperleaf offers Copperleaf ESP, a solution for utilities to design and manage demand-side management projects effectively. The company serves sectors such as electrical power generation, transmission, distribution, and gas and water utilities. Founded in 2000 and headquartered in Burnaby, Canada, Copperleaf collaborates with a network of expert partners to deliver its solutions globally.

Boreal Genomics

Secondary Market in 2019
Boreal Genomics Inc. is a biotechnology company that focuses on the development and commercialization of technologies for blood-based detection and monitoring of circulating tumor DNA. Founded in 2007 and headquartered in Los Altos, California, with an additional office in Vancouver, Canada, the company offers products like OnTarget, which allows for the sensitive detection and quantification of tumor mutations in plasma or tissue. Boreal's platform is designed to enable healthcare professionals to perform accurate genomic profiling and monitor tumor evolution from cell-free DNA in plasma, thereby improving cancer patient care. The OnTarget assay, available as a research-use service, reveals tumor mutations that may be undetectable by other methods, assisting in therapy selection, enhancing clinical trial efficiency, and expediting drug development. Additionally, Boreal provides DNA enrichment and library construction solutions tailored for high accuracy sequencing in liquid biopsy applications.

D-Wave

Secondary Market in 2019
D-Wave Systems Inc. is a pioneer in the development and integration of superconducting quantum computers, established in 1999 and headquartered in Burnaby, Canada. The company produces various quantum computing systems, including the D-Wave Two System, and offers the D-Wave Hybrid platform for quantum-classical applications. Additionally, D-Wave provides Leap, a cloud-based service that grants users real-time access to quantum computing resources alongside development tools and educational materials. D-Wave's technology is utilized across diverse fields such as logistics, machine learning, climate modeling, and financial analysis, addressing complex problems in industries including defense, finance, and energy. The company also delivers professional services, including training and customer support, to enhance user experience and application of its quantum solutions. With additional offices in the United States and Europe, D-Wave continues to lead in both annealing and gate-model quantum computing systems.

General Fusion

Secondary Market in 2019
General Fusion Inc. is focused on developing commercial Magnetized Target Fusion (MTF), a hybrid approach that combines elements of magnetic fusion and inertial confinement fusion to create clean and abundant energy. Founded in 2002 and headquartered in Burnaby, Canada, the company aims to demonstrate and commercialize its innovative fusion technology by the end of the decade. General Fusion's approach leverages recent advancements in MTF, which has been underexplored since the 1970s, positioning it as a practical solution for near-term fusion energy. The company is developing utility-scale fusion power systems and various subsystems, including plasma injectors and acoustic drivers, to support its vision. With backing from a global network of energy venture capital funds and industry leaders, General Fusion seeks to reduce technical risks and accelerate the path toward viable fusion energy solutions.

Clarius

Venture Round in 2018
Clarius Mobile Health is focused on the development of a wireless mobile ultrasound ecosystem that enables its users to obtain ultrasound images on their mobile phones. Clarius Mobile Health offers C3 multi-purpose ultrasound scanner operates as both a convex array and virtual phased array probe that enable imaging of abdomens, hearts, and lungs. It organizes events that enable attendees to find information about its products and services. Clarius Mobile Health was founded by Laurent Pelissier and Dave Willis in October 2014. It is based in Burnaby, British Columbia.

Clariti

Pre Seed Round in 2010
Clariti Cloud Inc. provides a cloud-based permitting and licensing solution tailored for state and local governments. Founded in 2006 and headquartered in Vancouver, Canada, with an office in Dover, Delaware, the company offers a comprehensive suite of services that facilitate professional and business licensing, contractor and trade licensing, as well as community development processes including building permits and zoning applications. The platform also addresses public safety concerns through the management of liquor licenses, food service permits, and health facility permits. Clariti's solutions are designed to streamline regulatory compliance and enhance interactions between government agencies and citizens, enabling real-time tracking of applications and regulatory changes. The company supports integration with external systems to ensure efficient service delivery, and its solutions are trusted by major cities across North America. Clariti Cloud Inc. operates as a subsidiary of Explora Partners Ltd.

Radiant Communications

Venture Round in 2010
Radiant Communications Corp. is a provider of broadband solutions targeting the business market, primarily in Canada and the United States. The company specializes in a range of Internet Protocol (IP)-based services, including high-speed Internet access, managed virtual private networks, cloud hosting, and content management solutions. With a focus on customization, Radiant Communications offers enterprise cloud hosting, virtual data centers, and network monitoring services, ensuring secure connectivity for organizations with multiple locations. The company serves a diverse clientele, including retailers, financial services, and service-oriented businesses. As of late 2008, Radiant Communications maintained approximately 17,000 business connections across major Canadian cities such as Toronto, Montreal, Calgary, Edmonton, and Vancouver, and is headquartered in Vancouver, Canada.

Monexa Services

Venture Round in 2009
Monexa helps organizations drive top and bottom line results though more innovative, timely, transparent and customer friendly billing solutions. We provide an agile, cloud-based billing management platform that lets our customers react quickly to market changes while reducing billing costs and complexity.

Lat49

Series A in 2009
Lat49 is the online mapvertising system that brings geographically relevant advertising to users of online maps. By leveraging how visitors use maps online, lat49 serves geographically targeted display ads that are complimentary to current advertising models and change dynamically depending on where the user positions the map. This patent-pending technology addresses the large demand from web publishers for an ad serving technology that will provide an effective revenue strategy for their map-centric properties, as well as the demand from local and brand advertisers to effectively reach the huge number of people who use online maps to plan, explore and discover. With lat49, advertisers buy entire sections of the map at multiple zoom levels to suit the goals of their advertising campaigns. They can build regional branding campaigns by owning the map's most zoomed out views, or they can finely tune their message to target the local, street, neighborhood, or urban level audiences.

D-Wave

Series C in 2008
D-Wave Systems Inc. is a pioneer in the development and integration of superconducting quantum computers, established in 1999 and headquartered in Burnaby, Canada. The company produces various quantum computing systems, including the D-Wave Two System, and offers the D-Wave Hybrid platform for quantum-classical applications. Additionally, D-Wave provides Leap, a cloud-based service that grants users real-time access to quantum computing resources alongside development tools and educational materials. D-Wave's technology is utilized across diverse fields such as logistics, machine learning, climate modeling, and financial analysis, addressing complex problems in industries including defense, finance, and energy. The company also delivers professional services, including training and customer support, to enhance user experience and application of its quantum solutions. With additional offices in the United States and Europe, D-Wave continues to lead in both annealing and gate-model quantum computing systems.
Spot something off? Help us improve by flagging any incorrect or outdated information. Just email us at support@teaserclub.com. Your feedback is most welcome.