Export Development Canada

Export Development Canada (EDC) is an export credit agency established in 1944 and headquartered in Ottawa, Ontario. The organization is dedicated to supporting and enhancing Canada's export trade by facilitating international business opportunities for Canadian companies, both large and small. EDC offers a range of financial services, including trade financing, export credit insurance, and secured loans, specifically designed to assist Canadian exporters, investors, and their international buyers. Additionally, EDC engages in private equity and venture capital investments, further contributing to the growth and competitiveness of Canadian businesses in the global market.

Hozefa Abbas

Investment Partner

Erik Brien-Wright

Partner

Sean Brownlee

Director

Carl Burlock

Executive Vice President and Chief Business Officer

Isabela Murillo

Investment Manager

Richard Pinnock

Chief Diversity Officer and Director

Julie Pottier

senior Vice President

Eric Siegel

COO

Gabriel Sirois

Partner

Stephen Wilhelm

Lead Investment Manager, Equity

Past deals in Quebec

Koïos 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.
Power Corporation of Canada is a diversified international management and holding company based in Montréal, Canada, founded in 1925. It has significant interests in various sectors, including financial services, renewable energy, and asset management across North America, Europe, and Asia. The company operates primarily through its subsidiaries, which include Lifeco and IGM Financial, offering a range of products such as life insurance, annuities, retirement planning, and wealth management services. Additionally, Power Corporation is involved in renewable energy generation from solar and wind sources, as well as manufacturing LED lighting solutions and zero-emission vehicles. Its investment portfolio encompasses alternative asset management platforms, mutual funds, and equity investment funds. The company also holds interests in a variety of other industries, including specialty solutions for manufacturing, testing and certification services, and food and beverage sectors, reflecting its broad and diverse business operations.

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.

Entosystem

Venture Round in 2022
Entosystem is a Canadian company based in Sherbrooke that specializes in producing entomological proteins and flour derived from insects. Founded in 2016, the company uses innovative insect farming technologies to convert food waste, particularly grocery waste, into high-value insect protein products. These products, which include dried and live larvae, are aimed primarily at the animal nutrition market. Entosystem's ecologically responsible approach positions it as a key player in the circular agriculture economy, emphasizing sustainability and the recuperation of nutritional value from waste. The company currently employs a small team of six people.

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.

Kinova

Venture Round in 2022
Kinova designs and manufactures robotics platforms and components that are simple, sexy and safe under two business units: Assistive Robotics empowers people with disabilities to push beyond their current boundaries and limitations while Service Robotics empowers people in industry to interact with their environment more efficiently and safely.

LeddarTech

Series D in 2022
LeddarTech Inc. is a developer of advanced detection and ranging systems utilizing time-of-flight measurement technology with infrared LEDs. Founded in 2007 and headquartered in Quebec City, Canada, the company offers a range of products, including smart sensor modules for various applications, such as traffic management and industrial use. LeddarTech specializes in environmental sensing platforms, particularly for autonomous vehicles and advanced driver assistance systems (ADAS), enabling customers to address key sensing and perception challenges. Its LeddarVision™ sensor-fusion platform and the LeddarEngine™ for LiDAR development support automotive system integrators in creating comprehensive sensing solutions applicable across multiple mobility sectors, including autonomous shuttles and delivery vehicles. The company holds numerous patents that contribute to innovations in automotive sensing technologies. LeddarTech also provides interconnected sensor solutions for urban infrastructure, public safety, navigation, and agriculture, and sells its products online.

RenoRun

Series B in 2022
RenoRun Inc. is a construction materials delivery company that provides a wide range of products, including beams, bricks, and concrete mixes, primarily serving the construction industry. Established in 2016 and headquartered in Montreal, Canada, RenoRun operates in key markets such as Toronto, Canada, and Austin, Texas. The company offers a mobile-friendly platform that allows general contractors to efficiently order materials and receive timely deliveries directly to job sites, thereby enhancing productivity and reducing downtime. With a focus on streamlining the procurement process, RenoRun aims to be the largest single-source platform for construction materials, simplifying the supply chain for contractors and builders.

SPARK Microsystems

Private Equity Round in 2021
SPARK Microsystems International Inc. is a fabless semiconductor company based in Montréal, Canada, specializing in ultra-low power wireless communication technologies for the Internet of Things. Founded in 2016, the company develops a wireless transceiver known as SPARK Radio, which is designed to provide reduced latency and extended battery life for short-range wireless communications. This technology enables devices to operate using energy harvesting techniques, significantly enhancing energy efficiency and performance. By leveraging patented innovations, SPARK Microsystems aims to deliver high-performance wireless solutions that outperform competing technologies in terms of power consumption and data rates, facilitating the advancement of battery-less operations in wireless devices.

Fody

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.

NoviFlow

Venture Round in 2020
NoviFlow develops high performance Ethernet switches compliant with the latest OpenFlow protocol and designed to address the two key needs of initial SDN deployments: the flow table capacity to handle large numbers of users and the network throughput to enable solutions that can scale. NoviFlow offers the most complete OpenFlow 1.3/1.4 implementation for SDN forwarding planes that deliver up to 240 Gbps of throughput and support up to 1 million flow entries.

Joseph Ribkoff

Venture Round in 2020
JOSEPH RIBKOFF INC is a Canadian fashion company that specializes in designing, producing, and distributing women's dresses, including collections for resort, cruise, office, formal, and eveningwear. Founded in 1957 and headquartered in Dorval, Canada, the company has established itself as a leader in the fashion industry, innovating to meet the diverse needs of modern women. With a presence in over 64 international markets, JOSEPH RIBKOFF INC has built a reputation for setting trends and creating collections that cater to busy lifestyles. The company retails its products through a network of distributors globally, maintaining a commitment to quality and style in its offerings.

FLO

Series C in 2020
FLO operates an electric vehicle charging network to provide smart charging services. Its platform helps to overcome climate change and accelerate EV adoption through a vertically integrated business model.

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.

Omnirobotic

Seed Round in 2020
Omnirobotic Inc. develops autonomous industrial robots aimed at addressing manpower shortages in manufacturing. Founded in 2016 and based in Laval, Canada, the company specializes in creating robots that utilize 3D vision and artificial intelligence to see, plan, and execute tasks on a variety of products without manual programming. Its flagship product, the Omnipainter, is a vision-guided robotic system designed to enhance flexibility, scalability, and customization in coating and painting applications. This technology enables the transformation of traditional industrial robots into autonomous systems suitable for high-mix, low-volume manufacturing, a sector larger than the existing industrial robot market. Omnirobotic installed its first autonomous robot in 2019, following seed funding received in late 2017.

APG-Neuros

Grant in 2019
APG-Neuros, founded in 2005, specializes in the manufacture and distribution of high-efficiency turbo blowers and complete aeration systems. The company focuses on water and wastewater treatment solutions, serving both municipal and industrial markets across North America, South America, Europe, and the Middle East. In addition to manufacturing, APG-Neuros provides aftermarket support and ongoing development for its products, ensuring that they meet the evolving needs of its diverse clientele.

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.

Pyrowave

Venture Round in 2018
Pyrowave Inc. is a Canadian company that specializes in advanced recycling technology solutions, utilizing microwave-based chemical processes to convert post-consumer and post-industrial plastics into high-value liquid products. Founded in 2014 and headquartered in Oakville, the company employs a patented high-power microwave catalytic depolymerization technology, which restores plastics to their molecular state, indistinguishable from virgin materials. This innovative approach facilitates the infinite recycling of plastics, addressing the growing need for sustainable waste management. Pyrowave serves a diverse clientele, including municipal clients, private recyclers, and generators, by leasing its recycling machines and providing the resultant products from its processing operations.

OMsignal

Series B in 2016
OMsignal Inc. is a Montreal-based company specializing in bio-sensing clothing that integrates advanced sensor technology to monitor vital health metrics. Founded in 2011, the company produces apparel such as the OMbra, a sports bra that captures detailed body signals, and the OMshirt, which tracks heart rate and breathing patterns. These garments connect to mobile devices, allowing users to access real-time biometric data through the OMsignal app. The app provides insights into heart rate, breathing rhythms, calorie expenditure, and other activity metrics, facilitating comprehensive health tracking. OMsignal's innovative approach aims to empower individuals to maintain their fitness and well-being through the seamless integration of technology into everyday life. The company's products are available for purchase online.

Distech Controls

Venture Round in 2013
Distech Controls Inc., based in Brossard, Canada, specializes in building automation and energy management solutions. The company provides a range of products, including the EC-NetAX platform, which integrates multiple protocols for efficient building management, and EnerVue, a web-based energy management dashboard that visualizes essential building metrics. Distech Controls also offers the ECLYPSE series, which includes connected IP and Wi-Fi products, as well as a Smart Room Control Solution designed for HVAC, lighting, and shading systems. Their offerings extend to security access control, smoke control systems, and mobile applications, catering to various sectors such as commercial buildings, educational institutions, healthcare facilities, and data centers. Established in 1995, Distech Controls operates internationally with business units in Canada, France, and the United States and is a subsidiary of Acuity Brands, Inc.

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.

Neuralitic Systems

Series B in 2009
Neuralitic Systems specializes in providing mobile data intelligence technology designed to assist mobile service operators in understanding user behaviors that impact data service adoption. By analyzing mobile data usage patterns, the company enables operators to identify emerging trends and habits, allowing them to better tailor their services to meet customer needs. This insight facilitates improved decision-making related to subscriber acquisition, conversion, and retention, ultimately driving revenue growth in the competitive telecommunications market. Neuralitic Systems’ solutions empower operators to dynamically leverage user behaviors, enhancing their ability to adapt and thrive in a rapidly changing landscape.

Zeligsoft

Series B in 2007
Zeligsoft, Inc. is a software development company based in Gatineau, Canada, founded in 2002. It specializes in creating engineering tools tailored for developers, testers, architects, and integrators across various industries. Zeligsoft offers a system-centric software development environment particularly focused on multicore and multiprocessor systems, addressing the unique challenges of heterogeneous system design. Its product offerings include Zeligsoft CE, which caters to platform-aware development, as well as solutions for software-defined radio and communications architecture. The company also provides professional services, including software tool development, consulting, and education, alongside its Papyrus modeling tool distributions. Zeligsoft serves a diverse range of sectors, such as telecommunications, military, aerospace, and multimedia, with specific market activities in South Korea and Japan.
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