Canadian Business Growth Fund

The Canadian Business Growth Fund (CBGF), established in 2018 and based in Toronto, is a growth expansion firm dedicated to supporting privately-owned mid-market companies across Canada. Backed by leading banks and insurance companies, CBGF provides long-term, minority capital to entrepreneurs aiming for growth and expansion. With an initial capital commitment of $545 million, projected to reach $1 billion, CBGF seeks to be the preferred partner for ambitious businesses, offering not only financial resources but also talent and expertise. The firm operates with a national mandate and is committed to helping companies realize their full potential while fostering economic growth in the Canadian region.

Jordan Allen

Associate

Clarissa Campoli

Associate Investor

Mark D'Silva

Senior Director, Portfolio

Karoline Elkind

CFO and Partner

Jamie Learmonth

Vice President

George Rossolatos

CEO and Managing Partner

Marisa Tartari

Associate

Dale Tingley

Partner

Hai Tran-Viet

Partner

Hai Tran Viet

Co-Managing Partner

Alanna Yontef

Associate

Kyle Zacks

Director and Member of the Investment Team

Nelson Zhang

Director

35 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.

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

Series B in 2022
MaxSold Incorporated operates an online auction platform that facilitates estate sales, downsizing, and business liquidations. The company specializes in handling all aspects of these sales, allowing sellers to auction off a large volume of items efficiently. MaxSold caters to those looking to declutter or sell excess inventory, as well as to organizations seeking to raise funds through charity auctions. By connecting sellers with buyers in their local areas, MaxSold provides a streamlined process for selling unique items and treasures.

Busbud

Venture Round in 2022
Busbud, Inc. is an online platform that specializes in inter-city bus travel booking services. Founded in 2011 and headquartered in Montreal, Canada, the company allows travelers to search, compare, and book bus tickets for various destinations both domestically and internationally. Busbud aggregates schedules, prices, and amenities from numerous bus operators, providing valuable travel information through its website and mobile application. Users can explore over 10,000 cities in 89 countries, with options available in multiple languages and currencies. The platform aims to enhance the travel experience by offering comprehensive details about bus services, including reviews and service classes, while ensuring customer support is available around the clock.

PureFacts Financial Solutions

Venture Round in 2021
PureFacts Financial Solutions is a recognized provider of enterprise wealth management and asset management solutions tailored for the global financial services industry, including markets in Canada, the United States, Europe, Asia Pacific, the Middle East, and Africa. The company offers a comprehensive suite of software and consulting services designed to enhance productivity, efficiency, and cost-effectiveness for wealth management firms. By leveraging expertise in data aggregation, complex calculations, artificial intelligence, and machine learning, PureFacts aims to deliver transformative WealthTech solutions that empower clients to future-proof their businesses and drive growth. The company's mission focuses on creating meaningful wealth solutions that enable individuals to improve their quality of life.

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.

Homestyle Selections

Funding Round in 2021
Provider of investment services focused on companies that make entrees and other food service establishments. The company offers investment services to local grocery or food service companies that use quality ingredients and modern technologies, thereby helping customers to be trusted at their tables and enjoy quality food.

Stephano Group

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

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 Technologies, Inc. operates a sales and marketing automation platform designed to assist agencies and media companies in selling digital solutions to local businesses in Canada and internationally. The platform features various tools, including a marketing automation system for prospect identification and personalized reporting, a Product Catalog for consolidating diverse digital offerings, and a Pipeline Management solution for streamlined sales processes. It also provides a Snapshot Report to enhance local businesses' online presence, a digital agency management solution, and managed services for listings management, review monitoring, and social media posting. Vendasta's offerings extend to a wholesale marketplace with reputation and listing management tools, as well as brand analytics for multi-location businesses. Founded in 2008 and based in Saskatoon, Canada, Vendasta aims to empower professionals such as marketing agencies and technology companies to improve their sales efficiency and client satisfaction through its white-label solutions and comprehensive digital services.

Maxsold

Series A in 2021
MaxSold Incorporated operates an online auction platform that facilitates estate sales, downsizing, and business liquidations. The company specializes in handling all aspects of these sales, allowing sellers to auction off a large volume of items efficiently. MaxSold caters to those looking to declutter or sell excess inventory, as well as to organizations seeking to raise funds through charity auctions. By connecting sellers with buyers in their local areas, MaxSold provides a streamlined process for selling unique items and treasures.

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 Education is an educational software developer focused on enhancing student learning through engaging games. Founded with the mission of fostering a love for learning, Prodigy has experienced significant growth, expanding from 3,000 local users to over 100 million users globally within nine years. The company's platform combines blended and virtual learning, providing a comprehensive dashboard that includes progress and usage reports for students and schools. This approach allows students to study in a fun and creative manner, making education more accessible and enjoyable.

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 inter-city bus travel booking services. Founded in 2011 and headquartered in Montreal, Canada, the company allows travelers to search, compare, and book bus tickets for various destinations both domestically and internationally. Busbud aggregates schedules, prices, and amenities from numerous bus operators, providing valuable travel information through its website and mobile application. Users can explore over 10,000 cities in 89 countries, with options available in multiple languages and currencies. The platform aims to enhance the travel experience by offering comprehensive details about bus services, including reviews and service classes, while ensuring customer support is available around the clock.

Appnovation

Venture Round in 2020
Appnovation Technologies, Inc. is a digital consultancy and managed services provider headquartered in Vancouver, Canada. Established in 2007, the company specializes in a wide array of services, including digital strategy, application development, enterprise integration, e-commerce solutions, and document management. It also offers expertise in design, business intelligence, identity management, and cloud testing. Serving industries such as education, healthcare, life sciences, media, and sports and entertainment, Appnovation focuses on creating secure, high-performing digital experiences while ensuring ongoing support and maintenance. The company's comprehensive approach integrates strategy, user experience, development, and deployment, enabling clients to transform and enhance their operations effectively.

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. 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.

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

Venture Round in 2020
MaxSold Incorporated operates an online auction platform that facilitates estate sales, downsizing, and business liquidations. The company specializes in handling all aspects of these sales, allowing sellers to auction off a large volume of items efficiently. MaxSold caters to those looking to declutter or sell excess inventory, as well as to organizations seeking to raise funds through charity auctions. By connecting sellers with buyers in their local areas, MaxSold provides a streamlined process for selling unique items and treasures.

Environmental 360 Solutions

Venture Round in 2020
Founded in 2018, Environmental 360 Solutions (E360S) aims to be North America's leading environmental management company by offering comprehensive waste management and recycling services. The company serves a diverse clientele, including municipalities, commercial, industrial, and institutional clients. E360S specializes in solid waste management and provides tailored services for special waste, including biomedical, pharmaceutical, and hazardous liquid waste. Additionally, the company offers organic processing and ground dewatering solutions. Through a combination of acquisitions and organic growth, E360S is committed to delivering efficient and cost-effective end-to-end environmental management solutions.

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 Technologies, Inc. is a digital consultancy and managed services provider headquartered in Vancouver, Canada. Established in 2007, the company specializes in a wide array of services, including digital strategy, application development, enterprise integration, e-commerce solutions, and document management. It also offers expertise in design, business intelligence, identity management, and cloud testing. Serving industries such as education, healthcare, life sciences, media, and sports and entertainment, Appnovation focuses on creating secure, high-performing digital experiences while ensuring ongoing support and maintenance. The company's comprehensive approach integrates strategy, user experience, development, and deployment, enabling clients to transform and enhance their operations effectively.

Vendasta

Venture Round in 2019
Vendasta Technologies, Inc. operates a sales and marketing automation platform designed to assist agencies and media companies in selling digital solutions to local businesses in Canada and internationally. The platform features various tools, including a marketing automation system for prospect identification and personalized reporting, a Product Catalog for consolidating diverse digital offerings, and a Pipeline Management solution for streamlined sales processes. It also provides a Snapshot Report to enhance local businesses' online presence, a digital agency management solution, and managed services for listings management, review monitoring, and social media posting. Vendasta's offerings extend to a wholesale marketplace with reputation and listing management tools, as well as brand analytics for multi-location businesses. Founded in 2008 and based in Saskatoon, Canada, Vendasta aims to empower professionals such as marketing agencies and technology companies to improve their sales efficiency and client satisfaction through its white-label solutions and comprehensive digital services.

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 Education is an educational software developer focused on enhancing student learning through engaging games. Founded with the mission of fostering a love for learning, Prodigy has experienced significant growth, expanding from 3,000 local users to over 100 million users globally within nine years. The company's platform combines blended and virtual learning, providing a comprehensive dashboard that includes progress and usage reports for students and schools. This approach allows students to study in a fun and creative manner, making education more accessible and enjoyable.

Prodigy Education

Venture Round in 2019
Prodigy Education is an educational software developer focused on enhancing student learning through engaging games. Founded with the mission of fostering a love for learning, Prodigy has experienced significant growth, expanding from 3,000 local users to over 100 million users globally within nine years. The company's platform combines blended and virtual learning, providing a comprehensive dashboard that includes progress and usage reports for students and schools. This approach allows students to study in a fun and creative manner, making education more accessible and enjoyable.

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.
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.