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 A. Barr

President, Chief Executive Officer and Portfolio Manager

Ian Collins

VP, Business Development

Kenndal Mcardle

Investment Analyst

Melanie Moore

Director of Marketing

Felix Narhi

Chief Investment Officer and Portfolio Manager

Pandya C.F.A., CFA, Amar

Senior Investment Analyst and Associate Portfolio Manager

Eric Tse

VP, National Retail Sales

Wheeler C.F.A., CFA, Emily

Associate Portfolio Manager

Sarah Wildman

Director, Institutional Sales and Service

17 past transactions

Keepe

Venture Round in 2021
Keepe is a B2B marketplace for Home Repairs. For property and appliances repairs, there are few speedy and efficient solutions to get the job done. Keepe is revolutionizing the way enterprises such as Property Management companies, Home Warranty companies, REITs find qualified technicians, obtain estimates, get the work done and pay for services. Keepe is currently available in multiple cities in the United States.

Librestream

Series D in 2020
Librestream Technologies Inc. develops the operations-driven video collaboration solution for enterprises. With its patented Onsight video collaboration solution, Librestream extends traditional video-conferencing and collaborative services to places previously unreachable by video such as an off-shore oil rig or a manufacturing plant floor. Collaborators across multiple locations can use a combination of Onsight software and camera devices to interact through live video, voice, image sharing and onscreen telestration. Industries as diverse as manufacturing, energy, healthcare, insurance, and government sectors are using Librestream’s Onsight solution to connect their ecosystem of employees, suppliers, and customers. These enterprises achieve cost-efficiencies resulting from accelerated problem resolution, reductions in downtimes and travel, improvements in customer service and increased productivity. To learn more about the company, its products and services, visit the website at www.librestream.com, email information@librestream.com or call 1.800.849.5507 (NA) / +1.204.487.0612 (Intl).

Checkfront

Series A in 2020
Checkfront, Inc. develops cloud-based booking management application and e-commerce platform to tour providers, accommodation managers, and rental businesses in Canada and internationally. Its platform enables customers to manage their businesses, such as activities, tours, accommodations, events, rentals, and more, as well as process reservations and track customers. The company was incorporated in 2008 and is based in Victoria, Canada with an additional office in Vancouver, Canada.

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 Lighting

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 Technologies

Secondary Market in 2019
Copperleaf provides decision analytics to companies managing critical infrastructure. Our enterprise software solutions leverage operational and financial data to help our clients make investment decisions that deliver the highest business value. In 2016, Canadian Business magazine named Copperleaf one of Canada’s top 20 Fastest-Growing Software Companies. Copperleaf is a member of The Institute of Asset Management (IAM) and actively participates in shaping the future of asset management standards, including ISO 55000. Headquartered in Vancouver, our solutions are distributed and supported by regional staff and partners worldwide. We are committed to building a better world, one decision at a time.

Boreal Genomics

Secondary Market in 2019
Boreal Genomics Inc. specializes in developing technologies for the blood-based detection and monitoring of circulating tumor DNA, aimed at enhancing cancer patient care. The company offers the OnTarget platform, which enables sensitive detection and quantification of tumor mutations from plasma or tissue samples, facilitating accurate tumor profiling and real-time monitoring of tumor evolution. This platform is available as a research-use service, providing insights into tumor mutations that may be undetectable by other methods, thereby aiding in therapy selection and improving clinical trial efficiency. Additionally, Boreal Genomics provides the Aurora tool, which purifies and concentrates nucleic acids from various samples for applications in life sciences research, agriculture biotechnology, and forensics. Founded in 2007, Boreal Genomics is headquartered in Los Altos, California, with an additional office in Vancouver, Canada.

D-Wave

Secondary Market in 2019
D-Wave Quantum Inc. specializes in developing and delivering quantum computing systems, software, and services, making it a leader in the quantum computing industry. As the first company to commercialize quantum computers, D-Wave builds both annealing and gate-model quantum computers. The company's offerings include various systems such as the D-Wave One, D-Wave Two, and the cloud-based Leap service, which provides real-time access to quantum computing resources. D-Wave's technology addresses a wide range of applications, including logistics, artificial intelligence, drug discovery, and financial modeling. The company also offers professional services, training, and customer support to assist clients in leveraging quantum computing for practical solutions. Founded in 1999 and headquartered in Burnaby, Canada, D-Wave has additional offices and research facilities in California, serving clients from various sectors, including defense, finance, academia, and energy.

General Fusion

Secondary Market in 2019
General Fusion Inc. develops commercial Magnetized Target Fusion, a hybrid between magnetic fusion and inertial confinement fusion for transforming energy supply. It also develops scale subsystems, including scale plasma injectors, acoustic drivers, and liquid metal vortex compression tests. The company was founded in 2002 and is based in Burnaby, Canada.

Clarius Mobile Health

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. provides broadband solutions to the business market primarily in Canada and in the United States. It offers a network of Internet protocol (IP) based solutions, including high-speed Internet access, IP based payment processing gateways, managed IP based virtual private networks, hosted exchanged, Web hosting, and content management solutions. The company serves retailers, financial services organizations, and service-oriented organizations. As of December 31, 2008, it served approximately 17,000 business connections in Toronto, Montreal, Calgary, Edmonton, and Vancouver. The company is based in Vancouver, Canada.

Monexa Services Inc.

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 Quantum Inc. specializes in developing and delivering quantum computing systems, software, and services, making it a leader in the quantum computing industry. As the first company to commercialize quantum computers, D-Wave builds both annealing and gate-model quantum computers. The company's offerings include various systems such as the D-Wave One, D-Wave Two, and the cloud-based Leap service, which provides real-time access to quantum computing resources. D-Wave's technology addresses a wide range of applications, including logistics, artificial intelligence, drug discovery, and financial modeling. The company also offers professional services, training, and customer support to assist clients in leveraging quantum computing for practical solutions. Founded in 1999 and headquartered in Burnaby, Canada, D-Wave has additional offices and research facilities in California, serving clients from various sectors, including defense, finance, academia, and energy.