Whitecap II

Whitecap Venture Partners is a Toronto-based venture capital firm founded in 1989, specializing in early-stage investments in high-growth companies. The firm focuses on information and communications technology, medical technology, and food technology, primarily within Canada and the Eastern United States. Whitecap typically makes initial investments ranging from CAD 2 million to CAD 5 million, with the potential to invest up to CAD 15 million in follow-on rounds. The firm partners with entrepreneurs in sectors where its team possesses deep domain expertise, aiming to provide significant operational and strategic value. Through its investment strategies, Whitecap Venture Partners seeks to support innovative companies across various industries, including business products and services, consumer products, and healthcare-related technologies.

Melissa Belbeck

Principal

Kim Coote

CFO

Carey Diamond

Co-Founder and Partner

Shayn Diamond

Partner

Sarah Hartkorn

Senior Associate

Blaine Hobson

Co-Founder and Chairman of Investment Committee

Russell Samuels

Partner

Jacob Topatigh

Associate

39 past transactions

Felix

Series B in 2023
Felix Health Inc. is an online prescription platform based in Toronto, Canada, that provides medication for various health concerns, including erectile dysfunction, hair loss, acne, and birth control. Founded in 2019, the company aims to modernize Canadian healthcare by offering a seamless and straightforward experience for its users. Felix Health focuses on making healthcare accessible and convenient for individuals seeking solutions for their personal health needs.

Altrio

Series A in 2022
Developer of a real estate deal management software designed to optimize the investment process. The company's software features extracting deal information from documents and emails, collaboration and workflow management, and investment monitoring, enabling users to manage their portfolios and get detailed information about deals in their pipeline.

Mash

Seed Round in 2022
The internet is fundamentally broken. It's because of monetization. “Show me the incentives and I'll show you the outcome.” Our mission is to remonetize the web by enabling value for value monetary exchanges between pubs/creators/orgs and their users. A new business model for the open internet. We are unlocking this with friction-minimized streaming payments that are no/low cost, instantly settled, trust-minimized. It is built on the best global digital monetary network ever conceived, Bitcoin. Enabled by Lightning Network. Most users don't need to know this or be a Bitcoiner. Over time we suspect many will.

Vetster

Series B in 2022
Vetster is an innovative pet wellness platform that connects pet parents to a marketplace of licensed veterinary professionals for video, chat and voice enabled appointments. For everyone, anytime, day or night.

Altoida

Series A in 2022
Altoida AG, founded in 2016 and based in Lucerne, Switzerland, develops a healthcare platform and application specifically for Alzheimer’s patients. The Altoida application is the first validated solution designed to predict the risk of Alzheimer’s disease before symptoms appear, providing healthcare professionals with objective measurements of cognitive performance. The platform utilizes an augmented reality framework to conduct various tests that assess spatial memory, prospective memory, and executive functions. These tests can identify early and subtle cognitive changes up to six years prior to the onset of typical neurodegenerative symptoms. The Altoida Neuro Motor Index (NMI) serves as an active digital biomarker for early detection of cognitive and functional changes. The application is intended for patients aged 62 and older and is used as an adjunctive tool to evaluate perceptual and memory function. Results from the tests are accessible in real-time via a secure web-based dashboard, ensuring compliance with HIPAA regulations. Altoida's innovative approach aims to make brain health assessments more affordable, accessible, and actionable for doctors, researchers, and healthcare providers.

Future Fertility

Series A in 2022
Developer of an image analysis tool designed to evaluate oocytes, creating the only objective classification and prediction for an oocyte. The company's tool utilizes artificial intelligence for oocyte prediction and classification, embryo prediction, and also uterus lining classification, enabling clinicians to personalize care as a result of improving outcomes and making the best individualized treatment plan for their patients.

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.

Ukko Agro

Seed Round in 2021
Ukko Agro is a Toronto-based company that focuses on developing an agricultural ecosystem designed to optimize pesticide usage and minimize crop losses. Founded in 2017, the company provides technology tools that empower farmers to make informed decisions on the farm with minimal time investment. Its ecosystem features real-time monitoring, predictive models for disease and pest management, and integration with existing on-farm equipment through the Internet of Things (IoT). By enabling farmers to track, analyze, and report pesticide use effectively, Ukko Agro aims to enhance crop yields and sustainability while reducing the overall input costs associated with crop management.

GoBolt

Series B in 2021
GoBolt, formerly known as Second Closet Incorporated, provides valet self-storage services that enable customers to store their belongings conveniently and securely. Founded in 2017 and based in Toronto, Canada, the company offers a comprehensive solution where customers can schedule pickups and returns of their items. GoBolt delivers boxes for customers to use for storage, then collects these items to be stored in a climate-controlled warehouse. The service is designed to be user-friendly, allowing clients to pay only for the space they utilize, making it an affordable option for those in need of storage solutions.

InvestNext

Seed Round in 2021
Developer of investment management platform designed to transform real estate investment management and investor relations. The company's intuitive investment management platform features the ability to streamline administrative processes, and manage CRM and offers risk assessment, reporting, fundraising, digitizing client onboarding services, and real-time insights for optimized decision-making, enabling real estate investment firms to operate more effectively and provide greater transparency to their investors while focusing on growing their business.

Qvella

Venture Round in 2021
Qvella Corporation is a Toronto-based molecular diagnostics company established in 2009 by a team of scientists and engineers. The company focuses on advancing sample preparation and detection technologies in clinical microbiology, aiming to significantly reduce the time required to obtain results. Qvella's innovative Field Activated Sample Treatment (FAST™) technology employs a unique electrical lysing method known as e-lysis™, allowing for the direct and fully automated rapid detection of infectious agents from unenriched biological samples. By providing actionable results in clinically relevant time frames, Qvella seeks to improve patient outcomes and transform medical practices in the field of microbiology.

Silofit

Series A in 2021
Silofit Inc. provides on-demand private fitness spaces through its mobile application, allowing users to book locations, fitness professionals, and therapists for health and wellness purposes. The company specializes in converting small offices and storefronts, ranging from 350 to 1,000 square feet, into micro-gyms that can be rented by the hour. Users can easily access these spaces by booking through the app and entering a pin code to unlock the door, enabling them to work out alone, with a friend, or with a professional. Additionally, fitness professionals can rent these spaces at competitive rates, significantly lower than traditional options. Founded in 2017 and based in Montreal, Canada, Silofit aims to provide a flexible fitness solution without the commitment of monthly memberships, offering gym equipment, toiletries, and refreshments to enhance the user experience.

PartnerStack

Series B in 2021
PartnerStack Canada Inc. develops a platform, which enables companies to build and manage partner channel marketing programs. The platform allows supporting all of the channels including advocates, affiliates, ambassadors, resellers, and referral partnerships. Its features includes referral links, custom company page, automated email campaigns, dashboard and analytics, customer map tracking, and auto-generated partner profiles. PartnerStack Canada Inc. was founded in 2015 and is headquartered in Toronto, Canada.

GoBolt

Venture Round in 2021
GoBolt, formerly known as Second Closet Incorporated, provides valet self-storage services that enable customers to store their belongings conveniently and securely. Founded in 2017 and based in Toronto, Canada, the company offers a comprehensive solution where customers can schedule pickups and returns of their items. GoBolt delivers boxes for customers to use for storage, then collects these items to be stored in a climate-controlled warehouse. The service is designed to be user-friendly, allowing clients to pay only for the space they utilize, making it an affordable option for those in need of storage solutions.

Classcraft

Venture Round in 2021
Classcraft Studios Inc. develops web and mobile applications designed for classroom behavior management through an innovative role-playing game format. Founded in 2013 and headquartered in Sherbrooke, Canada, Classcraft provides tools that enable teachers to effectively manage, motivate, and engage students by transforming traditional classroom dynamics into an interactive gaming experience. The platform is accessible on various operating systems, including Android, iOS, OS X, Chrome, and Windows, making it versatile for educational settings. By incorporating game mechanics into lessons, Classcraft aims to enhance student engagement and improve the overall learning experience.

Felix

Series A in 2021
Felix Health Inc. is an online prescription platform based in Toronto, Canada, that provides medication for various health concerns, including erectile dysfunction, hair loss, acne, and birth control. Founded in 2019, the company aims to modernize Canadian healthcare by offering a seamless and straightforward experience for its users. Felix Health focuses on making healthcare accessible and convenient for individuals seeking solutions for their personal health needs.

Bold Commerce

Series B in 2021
Bold Commerce Inc. is a software development company based in Winnipeg, Canada, specializing in e-commerce solutions for various brands. The company offers a suite of applications and tools tailored to address key merchant needs, including subscriptions, automation, wholesale and B2B services, integrations, personalization, payment experiences, customization, and digital merchandising. Bold Commerce serves a diverse clientele both in Canada and internationally, providing not only successful e-commerce applications but also custom design and development services aimed at enhancing store owners' productivity and sales.

Mother Raw

Series A in 2020
Mother Raw offers a range of plant-based food products, including dressings, marinades, dips, condiments, and quesos. The company focuses on providing organic, nutrient-rich options that are free from preservatives, fillers, and artificial ingredients. By promoting convenience and versatility, Mother Raw aims to make plant-based eating accessible to North American consumers. Their products can be ordered online, catering to those looking for nutritious and delicious food options.

Silofit

Seed Round in 2020
Silofit Inc. provides on-demand private fitness spaces through its mobile application, allowing users to book locations, fitness professionals, and therapists for health and wellness purposes. The company specializes in converting small offices and storefronts, ranging from 350 to 1,000 square feet, into micro-gyms that can be rented by the hour. Users can easily access these spaces by booking through the app and entering a pin code to unlock the door, enabling them to work out alone, with a friend, or with a professional. Additionally, fitness professionals can rent these spaces at competitive rates, significantly lower than traditional options. Founded in 2017 and based in Montreal, Canada, Silofit aims to provide a flexible fitness solution without the commitment of monthly memberships, offering gym equipment, toiletries, and refreshments to enhance the user experience.

Qvella

Venture Round in 2020
Qvella Corporation is a Toronto-based molecular diagnostics company established in 2009 by a team of scientists and engineers. The company focuses on advancing sample preparation and detection technologies in clinical microbiology, aiming to significantly reduce the time required to obtain results. Qvella's innovative Field Activated Sample Treatment (FAST™) technology employs a unique electrical lysing method known as e-lysis™, allowing for the direct and fully automated rapid detection of infectious agents from unenriched biological samples. By providing actionable results in clinically relevant time frames, Qvella seeks to improve patient outcomes and transform medical practices in the field of microbiology.

Vetster

Series A in 2020
Vetster is an innovative pet wellness platform that connects pet parents to a marketplace of licensed veterinary professionals for video, chat and voice enabled appointments. For everyone, anytime, day or night.

Nicoya Lifesciences

Series A in 2020
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.

GoBolt

Series A in 2019
GoBolt, formerly known as Second Closet Incorporated, provides valet self-storage services that enable customers to store their belongings conveniently and securely. Founded in 2017 and based in Toronto, Canada, the company offers a comprehensive solution where customers can schedule pickups and returns of their items. GoBolt delivers boxes for customers to use for storage, then collects these items to be stored in a climate-controlled warehouse. The service is designed to be user-friendly, allowing clients to pay only for the space they utilize, making it an affordable option for those in need of storage solutions.

Silofit

Seed Round in 2019
Silofit Inc. provides on-demand private fitness spaces through its mobile application, allowing users to book locations, fitness professionals, and therapists for health and wellness purposes. The company specializes in converting small offices and storefronts, ranging from 350 to 1,000 square feet, into micro-gyms that can be rented by the hour. Users can easily access these spaces by booking through the app and entering a pin code to unlock the door, enabling them to work out alone, with a friend, or with a professional. Additionally, fitness professionals can rent these spaces at competitive rates, significantly lower than traditional options. Founded in 2017 and based in Montreal, Canada, Silofit aims to provide a flexible fitness solution without the commitment of monthly memberships, offering gym equipment, toiletries, and refreshments to enhance the user experience.

Classcraft

Series A in 2019
Classcraft Studios Inc. develops web and mobile applications designed for classroom behavior management through an innovative role-playing game format. Founded in 2013 and headquartered in Sherbrooke, Canada, Classcraft provides tools that enable teachers to effectively manage, motivate, and engage students by transforming traditional classroom dynamics into an interactive gaming experience. The platform is accessible on various operating systems, including Android, iOS, OS X, Chrome, and Windows, making it versatile for educational settings. By incorporating game mechanics into lessons, Classcraft aims to enhance student engagement and improve the overall learning experience.

Proof

Pre Seed Round in 2019
Proof Data Technology, Inc designs and develops workflow management software. The company provides solutions to streamline the workflow process in an organization. It offers collaboration, process automation, and support management solutions for the government. The company was founded in 2017 and is headquartered in Whitehorse, Yukon Territory, Canada.

Qvella

Venture Round in 2019
Qvella Corporation is a Toronto-based molecular diagnostics company established in 2009 by a team of scientists and engineers. The company focuses on advancing sample preparation and detection technologies in clinical microbiology, aiming to significantly reduce the time required to obtain results. Qvella's innovative Field Activated Sample Treatment (FAST™) technology employs a unique electrical lysing method known as e-lysis™, allowing for the direct and fully automated rapid detection of infectious agents from unenriched biological samples. By providing actionable results in clinically relevant time frames, Qvella seeks to improve patient outcomes and transform medical practices in the field of microbiology.

Bold Commerce

Series A in 2019
Bold Commerce Inc. is a software development company based in Winnipeg, Canada, specializing in e-commerce solutions for various brands. The company offers a suite of applications and tools tailored to address key merchant needs, including subscriptions, automation, wholesale and B2B services, integrations, personalization, payment experiences, customization, and digital merchandising. Bold Commerce serves a diverse clientele both in Canada and internationally, providing not only successful e-commerce applications but also custom design and development services aimed at enhancing store owners' productivity and sales.

IRYSTEC

Series A in 2018
Faurecia IRYStec Inc., based in Montreal, Canada, specializes in perceptual display technology solutions for the automotive industry. Founded in 2015, the company develops a customizable software platform known as PDP Vision, which integrates seamlessly into various automotive display systems, including instrument clusters and head-up displays. Their product offerings include IRYStec DRIVEvue, which enhances display visibility under bright lighting conditions, and IRYStec MYvue, a viewer intelligence solution that optimizes content presentation for individual users. By leveraging advanced algorithms, Faurecia IRYStec's technology adapts display characteristics in real-time, ensuring a safe and efficient viewing experience. In May 2020, the company rebranded from IRYSTEC to Faurecia IRYStec Inc. and now operates as a subsidiary of Faurecia S.E.

Qvella

Series B in 2017
Qvella Corporation is a Toronto-based molecular diagnostics company established in 2009 by a team of scientists and engineers. The company focuses on advancing sample preparation and detection technologies in clinical microbiology, aiming to significantly reduce the time required to obtain results. Qvella's innovative Field Activated Sample Treatment (FAST™) technology employs a unique electrical lysing method known as e-lysis™, allowing for the direct and fully automated rapid detection of infectious agents from unenriched biological samples. By providing actionable results in clinically relevant time frames, Qvella seeks to improve patient outcomes and transform medical practices in the field of microbiology.

Affinio

Series B in 2017
Affinio Inc develops marketing intelligence platform that leverages the interest graph to understand today's consumers. It develops Data Science as a Service platform that offers visualization for cross-channel behavioral insights data and cultural intelligence for brands. The company’s platform enables users to discover and explore audience segments, analyze and understand cultural fingerprints, and generate audience driven creative and strategy. It offers solutions in the areas of audience, influencers, content, advertising, research, and competitors. The company serves brands, agencies, media companies, and publishers around the world. Affinio Inc was formerly known as 3259541 Nova Scotia Limited and changed its name to Affinio Inc in August 2013. The company was incorporated in 2011 and is based in Halifax, Canada.

Classcraft

Venture Round in 2017
Classcraft Studios Inc. develops web and mobile applications designed for classroom behavior management through an innovative role-playing game format. Founded in 2013 and headquartered in Sherbrooke, Canada, Classcraft provides tools that enable teachers to effectively manage, motivate, and engage students by transforming traditional classroom dynamics into an interactive gaming experience. The platform is accessible on various operating systems, including Android, iOS, OS X, Chrome, and Windows, making it versatile for educational settings. By incorporating game mechanics into lessons, Classcraft aims to enhance student engagement and improve the overall learning experience.
Clearwater Clinical Limited, founded in 2004 and based in Ottawa, Canada, specializes in the design and manufacture of mobile medical-grade devices aimed at enhancing clinical practices in the endoscopy and audiology markets. The company offers innovative products such as ClearSCOPE, a mobile endoscope adaptor that supports various medical applications, including ENT and urology exams, as well as veterinary and industrial uses. Additionally, Clearwater Clinical produces ShoeBOX, an iPad-based audiometer designed for screening and diagnostic testing in diverse settings such as clinics, schools, and telemedicine applications. Another key product is DizzyFIX, which facilitates the Epley Maneuver, a common treatment for vertigo caused by benign paroxysmal positional vertigo. The company, led by Dr. Matthew Bromwich and his team, is committed to providing affordable solutions that leverage mobile technology to improve patient care.

Real Matters

Venture Round in 2016
Real Matters Inc. is a Canadian company that specializes in providing technology and network management solutions for the mortgage lending and insurance sectors in both Canada and the United States. The firm offers residential mortgage appraisal services under the Solidifi brand, catering to various transactions such as purchases, refinances, and home equity loans. It also provides insurance inspection services for property and casualty insurers through the iv3 brand. Furthermore, Real Matters delivers title and closing services for financial institutions, including title searches, escrow services, and title policy issuance, also under the Solidifi brand. The company operates a cloud-based platform that integrates data from a vast network of over 17,000 field agents, enhancing its capabilities in property information services. Founded in 2004 and headquartered in Markham, Canada, Real Matters has established itself as a key player in the North American market for property information services.

Affinio

Series A in 2015
Affinio Inc develops marketing intelligence platform that leverages the interest graph to understand today's consumers. It develops Data Science as a Service platform that offers visualization for cross-channel behavioral insights data and cultural intelligence for brands. The company’s platform enables users to discover and explore audience segments, analyze and understand cultural fingerprints, and generate audience driven creative and strategy. It offers solutions in the areas of audience, influencers, content, advertising, research, and competitors. The company serves brands, agencies, media companies, and publishers around the world. Affinio Inc was formerly known as 3259541 Nova Scotia Limited and changed its name to Affinio Inc in August 2013. The company was incorporated in 2011 and is based in Halifax, Canada.

Qvella

Series A in 2015
Qvella Corporation is a Toronto-based molecular diagnostics company established in 2009 by a team of scientists and engineers. The company focuses on advancing sample preparation and detection technologies in clinical microbiology, aiming to significantly reduce the time required to obtain results. Qvella's innovative Field Activated Sample Treatment (FAST™) technology employs a unique electrical lysing method known as e-lysis™, allowing for the direct and fully automated rapid detection of infectious agents from unenriched biological samples. By providing actionable results in clinically relevant time frames, Qvella seeks to improve patient outcomes and transform medical practices in the field of microbiology.

Real Matters

Venture Round in 2015
Real Matters Inc. is a Canadian company that specializes in providing technology and network management solutions for the mortgage lending and insurance sectors in both Canada and the United States. The firm offers residential mortgage appraisal services under the Solidifi brand, catering to various transactions such as purchases, refinances, and home equity loans. It also provides insurance inspection services for property and casualty insurers through the iv3 brand. Furthermore, Real Matters delivers title and closing services for financial institutions, including title searches, escrow services, and title policy issuance, also under the Solidifi brand. The company operates a cloud-based platform that integrates data from a vast network of over 17,000 field agents, enhancing its capabilities in property information services. Founded in 2004 and headquartered in Markham, Canada, Real Matters has established itself as a key player in the North American market for property information services.

Qvella

Series A in 2015
Qvella Corporation is a Toronto-based molecular diagnostics company established in 2009 by a team of scientists and engineers. The company focuses on advancing sample preparation and detection technologies in clinical microbiology, aiming to significantly reduce the time required to obtain results. Qvella's innovative Field Activated Sample Treatment (FAST™) technology employs a unique electrical lysing method known as e-lysis™, allowing for the direct and fully automated rapid detection of infectious agents from unenriched biological samples. By providing actionable results in clinically relevant time frames, Qvella seeks to improve patient outcomes and transform medical practices in the field of microbiology.

Real Matters

Seed Round in 2007
Real Matters Inc. is a Canadian company that specializes in providing technology and network management solutions for the mortgage lending and insurance sectors in both Canada and the United States. The firm offers residential mortgage appraisal services under the Solidifi brand, catering to various transactions such as purchases, refinances, and home equity loans. It also provides insurance inspection services for property and casualty insurers through the iv3 brand. Furthermore, Real Matters delivers title and closing services for financial institutions, including title searches, escrow services, and title policy issuance, also under the Solidifi brand. The company operates a cloud-based platform that integrates data from a vast network of over 17,000 field agents, enhancing its capabilities in property information services. Founded in 2004 and headquartered in Markham, Canada, Real Matters has established itself as a key player in the North American market for property information services.
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