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

CFO

Brian Hefter

Investor

Jamie Learmonth

Associate Investor

George Rossolatos

CEO

Dale Tingley

Senior Investor

Hai Tran-Viet

Senior Investor

Kyle Zacks

Associate Investor

Nelson Zhang

VP

51 past transactions

Pitch Perfect Software Inc.

Private Placement in 2020
Pitch Perfect Software Inc., doing business as Proposify, develops and offers proposal software for sales teams. It creates, send, tracks, and e-sign proposals, contracts, and agreements. The company was founded 2013 and is based in Halifax, Canada.

Mobile Klinik

Private Placement 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.

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.

Busbud

Private Placement in 2020
BusBud, Inc. provides online bus travel booking services. It allows travelers to compare prices from various companies and book inter-city bus tickets for travel to various destinations in Canada and internationally; and get access to bus travel information, such as schedules, prices, reviews, service classes, amenities, stop addresses, bus pictures, and more through its website, mobile application, and customer touchpoints. The company was founded in 2011 and is based in Montreal, Canada.

Environmental 360 Solutions

Private Placement 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.

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.

Unyte Health Inc.

Venture Round in 2019
Unyte Health Inc. developing biofeedback sensor which monitors Heart Rate Variability which indicates meditative state of a person .The company offers product such as Unyte’s iom2 device which measures body’s heart rate variability to determine resonance score which shows a direct reflection of your state of stress or relaxation. Unyte Health Inc. was formerly known as Wild Divine. Unyte Health Inc. was founded in 2016 and is based in Toronto, Canada.

Proposify

Venture Round in 2021
Proposify reduces friction in your proposal workflow making it easier for your sales reps to quickly create professional-looking proposals that impress prospects and close deals. Create on-brand templates that sales reps can reuse so they don’t need to reinvent the wheel for every deal. Store all your approved proposal content in one location so snapping together a proposal takes minutes, not hours. Our Salesforce integration lets your rep create proposals, contracts, and agreements right in the CRM, and keep their data in sync. Impress prospects with a buyer experience that includes interactive pricing, videos, and live chat. Client viewing metrics let you know the moment a prospect opens the proposal, which sections they view and for how long, and - most importantly - the second they (e)sign on the dotted line. You may not actually be a mind reader, but with Proposify, you'll feel like one. Plus get faster sign-off and make it easier for prospects to buy with our legally binding electronic signature tool and order forms. We’ve revolutionized the proposal process so your reps can spend less time on manual tasks and more time doing what they do best: selling. But Proposify doesn't just save time; with assignable roles, permissions, and workspaces, you can manage the access each sales rep has. From the kind of content they can use and editing the design, all the way through to sending a proposal, you'll have full brand control and peace of mind without bottlenecking the process. Finally, a solution that makes both Sales AND Marketing happy. If you're ready to give your sales team the competitive edge, visit our website or book a demo at https://www.proposify.com.

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.

Kudos

Venture Round in 2021
Kudos is a corporate social network focused on employee recognition and feedback. Designed to connect employees to the organization and to one another, Kudos works to produce an engaged and communicative workforce. This simple SaaS peer-to-peer platform allows team members to intrinsically motivate one another in real time. Now being used in 80 countries and 8 languages, Kudos is simple and easy to use, and is designed to fit comfortably and effectively into your organization’s culture.

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.

STN Video

Venture Round in 2019
SendtoNews Video Incorporated operates a sports video and advertising platform. The company generates video views through distribution of exclusive and semi-exclusive content from sports leagues including organizations such as MLB, NBA, NHL, NFL, PGA TOUR, NCAA, and Premier League Soccer. SendtoNews Video Incorporated was founded in 2008 and is based in Victoria, Canada.

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.

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.

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.

Appnovation

Private Placement 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.

Proposify

Venture Round in 2020
Proposify reduces friction in your proposal workflow making it easier for your sales reps to quickly create professional-looking proposals that impress prospects and close deals. Create on-brand templates that sales reps can reuse so they don’t need to reinvent the wheel for every deal. Store all your approved proposal content in one location so snapping together a proposal takes minutes, not hours. Our Salesforce integration lets your rep create proposals, contracts, and agreements right in the CRM, and keep their data in sync. Impress prospects with a buyer experience that includes interactive pricing, videos, and live chat. Client viewing metrics let you know the moment a prospect opens the proposal, which sections they view and for how long, and - most importantly - the second they (e)sign on the dotted line. You may not actually be a mind reader, but with Proposify, you'll feel like one. Plus get faster sign-off and make it easier for prospects to buy with our legally binding electronic signature tool and order forms. We’ve revolutionized the proposal process so your reps can spend less time on manual tasks and more time doing what they do best: selling. But Proposify doesn't just save time; with assignable roles, permissions, and workspaces, you can manage the access each sales rep has. From the kind of content they can use and editing the design, all the way through to sending a proposal, you'll have full brand control and peace of mind without bottlenecking the process. Finally, a solution that makes both Sales AND Marketing happy. If you're ready to give your sales team the competitive edge, visit our website or book a demo at https://www.proposify.com.

Vendasta

Private Placement 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.

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.

Librestream Technologies

Private Placement 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).

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.

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.

MaxSold Incorporated

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

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.

PayBright

Venture Round in 2018
PayBright provides point-of-sale real-time consumer payments and lending platform for e-commerce and in-store purchases. The company was founded in 2009 and is based in Toronto, Canada.

Busbud

Series C in 2020
BusBud, Inc. provides online bus travel booking services. It allows travelers to compare prices from various companies and book inter-city bus tickets for travel to various destinations in Canada and internationally; and get access to bus travel information, such as schedules, prices, reviews, service classes, amenities, stop addresses, bus pictures, and more through its website, mobile application, and customer touchpoints. The company was founded in 2011 and is based in Montreal, Canada.

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.

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.

Unyte Health Inc.

Private Placement in 2019
Unyte Health Inc. developing biofeedback sensor which monitors Heart Rate Variability which indicates meditative state of a person .The company offers product such as Unyte’s iom2 device which measures body’s heart rate variability to determine resonance score which shows a direct reflection of your state of stress or relaxation. Unyte Health Inc. was formerly known as Wild Divine. Unyte Health Inc. was founded in 2016 and is based in Toronto, Canada.

Anaca Technologies Ltd.

Private Placement in 2020
Anaca Technologies Ltd. develops career exploration and planning software. The company was founded in 1997 and is based in Toronto, Canada.

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.

Social Navigator Inc.

Private Placement in 2020
Social Navigator Inc. operates a social intelligence platform. It identifies potential threats to public safety by gathering actionable intelligence from various social media channels, such as Twitter, Instagram, and YouTube; offers cloud-based solutions to address the challenges of public safety organizations; and provides optimized geo-location tools and intelligent data mining services. It identifies and addresses important public safety issues, such as school shootings, gang violence, violent threats, and terrorist recruitment; and provides link analysis and social reenactment solutions. The company was incorporated in 2014 and is based in Halifax, Canada.

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.

Felix Health

Series B in 2023
Felix Health Inc. operates an online prescription platform offering medication for erectile dysfunction, hair loss, acne, and birth control. Felix Health Inc was founded in 2019 and is headquartered in Toronto, Canada.

Health Smart Financial Services

Private Placement in 2018
Health Smart Financial Services Inc. operates a real-time financing platform that provides medical professionals with various financing options for their clients/patients. Its financing platform allows customer to buy now and pay in monthly easy installments, and pay in four interest free installments. It offers finance for retail, vacation and travel, sporting goods, electronics, home goods, and healthcare. The company was founded in 2009 and is based in Toronto, Canada. As of January 4, 2021, Health Smart Financial Services Inc. operates as a subsidiary of Affirm Canada Holdings Ltd.

MaxSold Incorporated

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

Prodigy Education

Venture Round 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.

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

STN Video

Private Placement in 2019
SendtoNews Video Incorporated operates a sports video and advertising platform. The company generates video views through distribution of exclusive and semi-exclusive content from sports leagues including organizations such as MLB, NBA, NHL, NFL, PGA TOUR, NCAA, and Premier League Soccer. SendtoNews Video Incorporated was founded in 2008 and is based in Victoria, Canada.

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 Games

Private Placement in 2019
Prodigy Games is headquartered in Burlington, Canada.

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.

MaxSold Incorporated

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

Prodigy Games

Merger/Acquisition in 2019
Prodigy Games is headquartered in Burlington, Canada.

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.

Librestream Technologies

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).

Lift Auto Group

Private Placement 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.

Busbud

Venture Round in 2022
BusBud, Inc. provides online bus travel booking services. It allows travelers to compare prices from various companies and book inter-city bus tickets for travel to various destinations in Canada and internationally; and get access to bus travel information, such as schedules, prices, reviews, service classes, amenities, stop addresses, bus pictures, and more through its website, mobile application, and customer touchpoints. The company was founded in 2011 and is based in Montreal, Canada.

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.

Appnovation

Private Placement 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.