Canadian Business Growth Fund

CBGF helps privately-owned Canadian businesses with the capital, talent, and expertise they need to drive growth and realize their potential. Supported by Canada’s leading banks and insurance companies, they have a national mandate to provide long-term, patient, minority capital to entrepreneurs pursuing growth and expansion strategies. CBGF’s vision is to become Canada’s leading growth capital investor and partner of choice for ambitious mid-market entrepreneurs, supporting them to reach their full potential. With initial capital commitments of $545 million and projected to increase to $1 billion over time, CBGF is an independent, values-driven partner for teams committed to taking their business to the next level.

Clarissa Campoli

Associate Investor

Adrian Chan

Associate Investor

Mark D’Silva

Investor

Karoline Elkind

VP Finance

Brian Hefter

Investor

Jamie Learmonth

Associate Investor

George Rossolatos

CEO

Dale Tingley

Senior Investor

Keith A Townsend

VP Information Technology

Hai Tran-Viet

Senior Investor

Kyle Zacks

Associate Investor

Nelson Zhang

Vice President

34 past transactions

Felix Health

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.

Amilia

Venture Round in 2022
Amilia is an online registration and client membership management solution designed primarily for small and midsize businesses. It helps businesses collaborate with members through registration management, billing and fundraising activities and also offers reporting capabilities. It is suitable for schools, clubs, camps, associations and other membership-based organizations.

MaxSold Incorporated

Series B in 2022
MaxSold Incorporated is a goods sell easily and profitably from an estate

Busbud

Venture Round in 2022
Busbud, Inc. is an online platform that specializes in bus travel booking services. Founded in 2011 and based in Montreal, Canada, the company allows travelers to search, compare, and book inter-city bus tickets across various destinations in Canada and internationally. The platform aggregates information from numerous bus operators, providing users with access to schedules, pricing, service classes, amenities, and reviews. With coverage spanning over 10,463 cities in 89 countries, Busbud supports multiple languages and currencies, making it a comprehensive resource for planning bus trips. Through its website and mobile application, the company aims to simplify the bus travel experience for users worldwide.

Purefacts Financial Solutions

Venture Round in 2021
Ranked a WealthTech100 Company and Great Canadian Innovator, PureFacts provides enterprise wealth management and asset management solutions for the financial services industry in Canada, United States, Europe, Asia Pacific, Middle East and Africa. Our mission is to create meaningful wealth solutions that help people live their best lives. We provide our clients with transformational WealthTech solutions to future-proof their business and accelerate growth by leveraging our expertise in wealth management data aggregation, complex calculations, Artificial Intelligence and machine learning.

Kudos

Venture Round in 2021
Kudos is a corporate social network that emphasizes employee recognition and feedback, fostering stronger connections among employees and enhancing organizational engagement. This user-friendly peer-to-peer platform enables team members to motivate each other in real time, promoting a communicative and engaged workforce. Available in 80 countries and 8 languages, Kudos integrates seamlessly into various organizational cultures. Founded in 2014, Kudos&Co is an entertainment company dedicated to providing a safer social sharing environment for children. With a leadership team comprising former executives from major companies, Kudos&Co aims to create a community where young users can harness the power of social media to cultivate compassion and kindness.

Neovation

Private Equity Round in 2021
Neovation is a research and development company focused on delivering innovative software and services designed to unleash human potential by promoting organizational intelligence.

Stephano Group Ltd.

Private Equity Round in 2021
Stephano Group Ltd. is a manufacturer of cereal and granola products. Stephano Group produces and provides cold cereal, hot cereal, and cereal / nutritional bar products and snacks on a private label or co-manufactured basis.

Proposify

Venture Round in 2021
Proposify is a software as a service (SaaS) platform designed to streamline the proposal creation process for businesses. By providing a user-friendly interface and customizable templates, Proposify enables sales teams to quickly produce professional proposals that enhance their chances of closing deals. The platform allows for the storage of approved content in one location, significantly reducing the time required to assemble proposals. With features such as Salesforce integration, interactive pricing, and client viewing metrics, Proposify enhances the buyer's experience and facilitates real-time tracking of proposal engagement. Additionally, it includes a legally binding electronic signature tool to expedite sign-offs, allowing sales representatives to focus more on selling rather than manual tasks. Proposify also offers customizable roles and permissions, ensuring that brand control is maintained throughout the proposal process while supporting collaboration across sales and marketing teams. Overall, Proposify aims to improve efficiency, reduce costs, and increase profitability for service providers and sales professionals.

ShopperPlus

Series A in 2021
ShopperPlus is an e-commerce platform selling office supplies, electronics, lifestyle, kitchen utensils, and various other categories. The platform tailors targeted product recommendations based on individual purchase patterns and seasonality, with more than 30 percent of goods produced in Canada. Besides providing 24-hour customer support, the company also ensures that all orders filed before 2 p.m. are shipped on the same day, guaranteeing next-day delivery for at least half of its customers.

Cold Bore Technology

Venture Round in 2021
Cold Bore Technology Inc. develops down-hole sonic communication tools for the directional drilling industry within the oil and gas sector. It’s remote system enables access and visibility of the completion operations data and work flow overview in real-time. The company markets its product under the SmartPAD brand name. Cold Bore Technology Inc. was incorporated in 2012 and is based in Calgary, Canada.

Vendasta

Venture Round in 2021
Vendasta offers software and services to professionals who sell digital solutions to local businesses. The tools power the local businesses’ digital presence and online reputation. Marketing agencies, broadcasters, publishers, technology companies, banks, yellow pages, and telecoms are able to drive down their cost of sales while increasing margins using Vendasta’s platform. They delight clients using Vendasta’s white-labelled solutions, including its award-winning needs assessment, automated email marketing campaigns, easy-to-use CRM, marketplace of resellable apps & services, and fulfillment agency. Vendasta has been named to the Deloitte Technology Fast 500, the Deloitte Technology Fast 50, and Canadian Business Magazine’s Profit 500.

MaxSold Incorporated

Series A in 2021
MaxSold Incorporated is a goods sell easily and profitably from an estate

Paystone

Private Equity Round in 2021
Paystone is a leading provider of customer engagement solutions for North American businesses of all sizes. The company’s seamlessly integrated suite of automated payment processing, customer loyalty, and gift card solutions help merchants turn everyday transactions into meaningful customer interactions. Its secure, user-friendly solutions are used at over 25,000 merchant locations across Canada and the United States, collectively processing over $10 billion dollars a year in bankcard volume, including The ALDO Group, The Source, Booster Juice, Global Pet Foods, Kernels Popcorn and 50 of the MTY Food Group's restaurant brands. The fintech employs 150 employees and has 100+ sales partners across Canada. Visit www.paystone.com for details.

Prodigy Education

Series B in 2021
Prodigy was founded with the mission of helping every student in the world to love learning. In the last nine years, Prodigy has grown from 3,000 local users to more than 100 million worldwide users! Visit prodigygame.com to learn more.

LifeRaft

Venture Round in 2020
LifeRaft was incorporated in 2014 with a clear objective to advance Public Safety! We deliver solutions to Public Safety Organizations that allow them to respond appropriately to the challenges they face from the global adoption of social media. Through the use of technology, we allow public safety organizations understand the conversations happening online to improve the safety of their communities. We serve as a catalyst for community relations within public safety organizations, delivering solutions that assist these groups in solving tough, digital challenges. As a leader in the cybercrime prevention space, we are actively focused on eliminating the surprise of emerging threats. We pride ourselves on our innovative spirit and determination to help solve new challenges developed by the complexities of social media.

Busbud

Series C in 2020
Busbud, Inc. is an online platform that specializes in bus travel booking services. Founded in 2011 and based in Montreal, Canada, the company allows travelers to search, compare, and book inter-city bus tickets across various destinations in Canada and internationally. The platform aggregates information from numerous bus operators, providing users with access to schedules, pricing, service classes, amenities, and reviews. With coverage spanning over 10,463 cities in 89 countries, Busbud supports multiple languages and currencies, making it a comprehensive resource for planning bus trips. Through its website and mobile application, the company aims to simplify the bus travel experience for users worldwide.

Appnovation

Venture Round in 2020
Appnovation is a global Digital Solutions and Managed Services provider delivering strategy, application development and enterprise integration on leading open technologies. Appnovation’s in-house experts build high-performing, secure digital experiences while providing a full range of creative capabilities, coupled with 24/7 support and maintenance.

ThoughtWire

Debt Financing in 2020
ThoughtWire Corp. develops and markets an application platform for enterprise and cloud applications. The company was founded in 2009 and is based in Toronto, Canada.

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).

ThoughtWire

Venture Round in 2020
ThoughtWire Corp. develops and markets an application platform for enterprise and cloud applications. The company was founded in 2009 and is based in Toronto, Canada.

Proposify

Venture Round in 2020
Proposify is a software as a service (SaaS) platform designed to streamline the proposal creation process for businesses. By providing a user-friendly interface and customizable templates, Proposify enables sales teams to quickly produce professional proposals that enhance their chances of closing deals. The platform allows for the storage of approved content in one location, significantly reducing the time required to assemble proposals. With features such as Salesforce integration, interactive pricing, and client viewing metrics, Proposify enhances the buyer's experience and facilitates real-time tracking of proposal engagement. Additionally, it includes a legally binding electronic signature tool to expedite sign-offs, allowing sales representatives to focus more on selling rather than manual tasks. Proposify also offers customizable roles and permissions, ensuring that brand control is maintained throughout the proposal process while supporting collaboration across sales and marketing teams. Overall, Proposify aims to improve efficiency, reduce costs, and increase profitability for service providers and sales professionals.

Xello

Venture Round in 2020
Xello provides career development solutions. Xello's mission is to help anyone, anywhere in the world create a successful future through self-knowledge, exploration, and planning. Started by three friends who sought a way to answer the "what's the right path for me" question, our online software program is used globally by millions of students, educators, and adults

MaxSold Incorporated

Venture Round in 2020
MaxSold Incorporated is a goods sell easily and profitably from an estate

Environmental 360 Solutions

Venture Round in 2020
Founded in 2018, Environmental 360 Solutions (E360S) is dedicated to becoming North America's leading and most trusted environmental management company. Growing through acquisition and organic growth, E360S provides holistic environmental and waste management solutions to municipalities, commercial, and industrial customers.

Unyte Health

Venture Round in 2019
Unyte Health Inc. specializes in developing biofeedback technology aimed at enhancing individuals' awareness and regulation of their nervous systems. Founded in 2016 and based in Toronto, Canada, the company offers products like the iom2 device, which measures heart rate variability to assess a person's stress or relaxation levels through a resonance score. By integrating biofeedback with immersive digital and virtual reality experiences, Unyte Health makes meditation more accessible and engaging. This innovative approach allows users to experience the health benefits of meditation while effectively calming themselves through a blend of biofeedback, gaming, and virtual reality.

Appnovation

Venture Round in 2019
Appnovation is a global Digital Solutions and Managed Services provider delivering strategy, application development and enterprise integration on leading open technologies. Appnovation’s in-house experts build high-performing, secure digital experiences while providing a full range of creative capabilities, coupled with 24/7 support and maintenance.

Vendasta

Venture Round in 2019
Vendasta offers software and services to professionals who sell digital solutions to local businesses. The tools power the local businesses’ digital presence and online reputation. Marketing agencies, broadcasters, publishers, technology companies, banks, yellow pages, and telecoms are able to drive down their cost of sales while increasing margins using Vendasta’s platform. They delight clients using Vendasta’s white-labelled solutions, including its award-winning needs assessment, automated email marketing campaigns, easy-to-use CRM, marketplace of resellable apps & services, and fulfillment agency. Vendasta has been named to the Deloitte Technology Fast 500, the Deloitte Technology Fast 50, and Canadian Business Magazine’s Profit 500.

Mobile Klinik

Series C in 2019
Mobile Klinik provides smartphone and tablet repair services in Canada. It offers consumers a fast, convenient, high-quality repair, and other services. Mobile Klinik diagnoses and repairs most devices same-day, on-site. It also offers lifetime warranty along with battery replacement, data backup/transfer, and personalized Case-Station accessories. Mobile Klinik was founded in 2015 and is headquartered in Toronto, Ontario.

STN Video

Venture Round in 2019
SendtoNews Video Incorporated operates a leading sports video and advertising platform in North America, founded in 2008 and based in Victoria, Canada. The company has developed a vast publisher network, encompassing over 1,500 sports news properties, including major outlets like USA Today, LA Times, and New York Daily News. SendtoNews generates over 200 million monthly video views through the distribution of exclusive and semi-exclusive content from more than 75 sports leagues, featuring prominent organizations such as the MLB, NBA, NHL, NFL, PGA TOUR, NCAA, and Premier League Soccer. This extensive reach positions SendtoNews as a significant player in the sports media landscape.

Prodigy Education

Series A in 2019
Prodigy was founded with the mission of helping every student in the world to love learning. In the last nine years, Prodigy has grown from 3,000 local users to more than 100 million worldwide users! Visit prodigygame.com to learn more.

Lift Auto Group

Seed Round in 2018
Lift Auto Group Ltd. owns and operates auto body shops. The company operates as a consolidator of automotive collision repair centers. It offers auto repair services, such as damage assessment and paint touch-ups. Lift Auto Group Ltd. was formerly known as 1074963 B.C. LTD. and changed its name to Lift Auto Group Ltd. in August 2018. The company was founded in 2016 and is headquartered in Kelowna, Canada with additional offices in British Columbia and Alberta, Canada.

PayBright

Venture Round in 2018
PayBright is a Toronto-based company, founded in 2009, that specializes in providing consumer payment solutions for both e-commerce and in-store purchases. The company offers a proprietary technology platform that enables merchants to offer customers the option to divide their purchases into manageable biweekly or monthly installments. This payment flexibility aims to enhance the everyday commerce experience for Canadians by making it more affordable and accessible. PayBright's services cater to a wide range of sectors, including fashion, electronics, furniture, and education, among others.