Export Development Canada

Export Development Canada is an export credit agency established in 1944 and headquartered in Ottawa, Canada. Its primary mission is to assist Canadian companies, both large and small, in expanding their operations internationally. The agency provides a range of credit services, which include loans and financial support, to facilitate global trade. The majority of its investment portfolio comprises loans receivable, along with significant holdings in cash and marketable securities. Through these services, Export Development Canada plays a vital role in enhancing the competitiveness of Canadian businesses in the global marketplace.

Erik Brien-Wright

Investment Manager

Carl Burlock

Executive Vice President and Chief Business Officer

Ken Kember

Senior Vice President and Chief Financial Officer

Mairead Lavery

President and Chief Executive Officer

Michael Machabee

Managing Partner, EDC Investments

Isabela Murillo

Senior Associate

Jacqueline Ovens

Managing Partner

Marc Andre Seguin

Director, Global Accounts

Gabriel Sirois

Investment Manager

Past deals in Montreal

Koios Intelligence

Seed Round in 2023
Koios Intelligence is focused on transforming the financial and insurance sectors through the use of AI-powered conversational systems. By developing advanced chatbots and virtual assistants, the company streamlines processes and enhances customer experiences across various stages, including pre-sales, sales, and post-sales. These solutions automate interactions and facilitate data collection, allowing organizations to reduce costs, improve operational efficiency, and deliver high-quality customer service. Through its innovative technology, Koios Intelligence aims to empower the financial industry by providing tools that enhance communication and operational effectiveness.

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.

RenoRun

Series B in 2022
RenoRun is building the world's largest single source platform for general contractors to purchase materials. Their mobile-friendly platform is a one-stop-shop when it comes to construction material supply. This app is revolutionizing the construction industry by maximizing productivity, saving contractors wasted run-around hours, and allowing their clients to leave their competition in the dust. Their trained runners will collect and deliver the desired materials to the job site. RenoRun was founded in 2016 and is headquartered in Montreal, Canada, with offices in Toronto and Austin, Texas.

Fody Food

Venture Round in 2020
Fody Food creates a delicious, gut-friendly, low FODMAP foods. They believe that nothing should hinder freedom – especially not food. Through their delicious low FODMAP foods and recipes, they provide people much-needed relief from their IBS symptoms. Fody Food was in 2016 and is based in Montreal, Quebec.

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.

Rithmik Solutions

Grant in 2019
Rithmik Solutions Ltd. develops and operates software solution for mining industry. The company offers Asset Health Analyzer, an artificial intelligence (AI) based solution that analyze mining equipment and provides indicator for equipment issues. Its solution tracks equipment health and helps to reduce maintenance. Rithmik Solutions Ltd. was founded in 2017 and is based in Montreal, Canada.

OMsignal

Series B in 2016
OMsignal Inc. is a Montreal-based company that specializes in manufacturing bio-sensing clothing equipped with embedded sensors to monitor vital bodily functions. Their product line includes the OMbra, a sports bra designed to capture deep and accurate body signals, and the OMshirt, which records heart rate and breathing patterns. The accompanying OMrun mobile application connects to these garments, providing real-time data on heart rate, breathing rhythms, calorie count, cadence, pace, and distance, along with run recaps and progress tracking. Founded in 2011, OMsignal aims to seamlessly integrate health monitoring into everyday life by allowing users to access their physiological data through mobile devices. Products are available for purchase online.

Beyond the Rack

Series B in 2011
Beyond the Rack is a Montreal-based private shopping club that offers exclusive discounts of up to 80% on a wide range of products, including apparel, accessories, fragrances, home goods, and electronics for men, women, and children. With around 15 million active members across Canada and the United States, the platform features limited-quantity flash sales that typically last 48 to 72 hours or until the merchandise sells out. Beyond the Rack collaborates with over 3,000 major fashion brands to provide these deals without involving a retail middleman. Members receive tailored notifications about upcoming sales based on their preferences, and the site conducts 15 to 25 sales daily, depending on demand. Membership is free, with several easy sign-up options, and Beyond the Rack is known for its responsive customer service and efficient shipping. The company has gained recognition for its growth, having been named the fastest-growing internet retailer in 2011, and has generated substantial sales revenue.