Export Development Canada

Export Development Canada (EDC), established in 1944, is a Canadian Crown corporation headquartered in Ottawa. It assists businesses of all sizes, from small enterprises to large corporations, in expanding their global reach. EDC offers a range of services, including trade knowledge, financial solutions, equity investments, insurance, and connections, to help Canadian companies grow their business internationally with confidence.

Hozefa Abbas

Investment Partner

Lissa Bjerkelund

Vice President, Investments and Mid-Market Lending

Erik Brien-Wright

Partner

Carl Burlock

Executive Vice President and COO

Guillermo Freire

Senior Vice President, Mid-Market

Dan Mancuso

Senior Vice President, Financing and Investments

Isabela Murillo

Investment Manager

Richard Pinnock

Chief Diversity Officer and Director

Julie Pottier

senior Vice President

Eric Siegel

COO

Gabriel Sirois

Partner

Stephen Wilhelm

Regional Vice President

Past deals in Quebec

WorkJam

Venture Round in 2024
WorkJam, Inc. is a technology company that develops an employee engagement platform designed to enhance the relationship between employers and their front-line workforce. Founded in 2014 and headquartered in Montreal, Canada, with additional locations in Cincinnati, Ohio, and Melbourne, Australia, WorkJam offers a web and mobile app that can operate independently or be integrated with existing workforce management systems. The platform features tools for shift and task management, communication, training, and recognition, enabling shift-based, hourly, and non-desk workers to effectively manage their work life. By promoting agile scheduling and transformative communication, WorkJam empowers organizations in various sectors, including retail, healthcare, and manufacturing, to improve operational efficiency, labor cost management, and customer experience through a more engaged workforce. The company also has a strategic partnership with Digital Goodie to further enhance its offerings.

Vosker

Debt Financing in 2024
Vosker provides remote area monitoring technology using solar power and artificial intelligence for cutting-edge surveillance solutions. It offers mobile security cameras that operate on 4G/LTE networks and are powered by solar energy, providing surveillance capabilities. These cameras are primarily used in various industries. Vosker was founded in 2018, and headquartered in Victoriaville, Quebec.

Qohash

Series B in 2024
Qohash Inc. is a Quebec City-based company that specializes in data security solutions through its online platform, Qostodian. Founded in 2018, Qohash offers a comprehensive suite of services that includes data discovery, integrity assurance, and threat detection and reporting. The platform is designed to help organizations monitor employee behavior and mitigate the risk of insider data breaches, which often take significant time to contain. By providing real-time alerts for risky activities, Qohash empowers businesses to act swiftly to prevent potential data breaches. Additionally, the platform supports compliance efforts by enabling entitlement reviews, exporting access control lists, and monitoring endpoints, making it suitable for sectors that require stringent data protection measures.

Félix & Paul Studios

Venture Round in 2024
Felix & Paul Studios, founded in 2013 and based in Montreal, Canada, specializes in the production of cinematic virtual reality experiences. The studio, led by directors and visual artists Félix Lajeunesse and Paul Raphaël, has established a reputation for its pioneering approach to virtual reality storytelling. It has developed a proprietary 3D 360º camera and corresponding software that set industry standards for quality in VR filmmaking. The studio creates both original content and collaborates with existing intellectual properties, offering audiences deeply immersive experiences that evoke strong emotional responses. Notable projects include collaborations with Oculus, Universal Studios, and Cirque du Soleil Media, showcasing the studio's commitment to high-quality, innovative storytelling in virtual reality. With a dedicated team of artists, software developers, and engineers, Felix & Paul Studios continues to lead the evolution of this emerging medium.

Fody

Series B in 2023
Fody Food Co. Inc. is a Canadian company that specializes in manufacturing dietary products designed for individuals with irritable bowel syndrome (IBS). Founded in 2016 and based in Montreal, Quebec, Fody offers a variety of gut-friendly foods, including sauces, salsas, dressings, seasonings, and snack bars, all formulated to be low in FODMAPs—carbohydrates that can trigger digestive issues in some people. The product lineup includes items like mild salsa, marinara sauce, BBQ sauce, dressings, and various snack bars, catering to the dietary needs of those seeking relief from IBS symptoms. Fody's products are available for purchase through its website and a network of retail partners, allowing consumers to improve their eating habits while enjoying flavorful options.

Cycle Momentum

Grant in 2023
Cycle Momentum is a Montreal-based accelerator established in 2014 that focuses on supporting cleantech startups. It is dedicated to working with entrepreneurs who develop and commercialize innovative clean technologies, aiming to cultivate globally competitive companies. The accelerator provides a tailored program that includes training workshops, networking opportunities, and access to experienced mentors. Additionally, Cycle Momentum connects these startups with investors to enhance their growth potential. By concentrating on seed-stage, early-stage, and later-stage companies, particularly in B2B, commercial transportation, energy, and cleantech sectors, Cycle Momentum plays a crucial role in fostering the development of promising Canadian ventures in the clean technology arena.

Alvéole

Debt Financing in 2023
Alvéole is a Montreal-based company founded in 2011 that specializes in installing and maintaining beehives at businesses and schools. The company aims to assist organizations in achieving their sustainability goals by transforming urban spaces into environments conducive to bees, including honey bee hives, pollinator habitats, and bee-friendly gardens. In addition to its beekeeping services, Alvéole produces and sells honey, soap bars, lip balms, and food wraps. The company also provides educational resources focused on beekeeping and biodiversity, offering essential equipment and technical support to both novice and experienced beekeepers. Through its initiatives, Alvéole promotes environmental stewardship and enhances urban biodiversity.

Equisoft

Private Equity Round in 2023
Equisoft Inc. is a global provider of innovative digital solutions tailored for the life insurance and wealth management industries. Founded in 1994 and headquartered in Montreal, Canada, with an additional office in Sydney, Australia, the company specializes in delivering a comprehensive ecosystem of services. Its offerings include SaaS policy administration, customer relationship management, financial planning tools, and solutions for asset allocation and portfolio analysis. Equisoft also provides financial advisors with tools for wealth management proposals, as well as software for quotes, illustrations, and agency management systems. The company is recognized as a leading partner for Oracle's insurance policy administration platform, leveraging extensive expertise in data migration and integration. Through its diverse range of services, Equisoft aims to empower clients to navigate the complexities of digital transformation in the financial sector.

BrainBox AI

Series A in 2022
BrainBox AI Inc. is a Montreal-based company that designs and develops artificial intelligence-driven technology to optimize building heating, ventilation, and air conditioning (HVAC) systems. Founded in 2017, the company utilizes cloud-based computing and deep learning algorithms to create an autonomous solution that enables buildings to operate continuously with maximum energy efficiency. BrainBox AI’s platform automaps HVAC control points and analyzes data to generate predictive maintenance modules, providing building operators with valuable fault detection diagnostics. By optimizing existing HVAC systems, BrainBox AI helps clients significantly reduce energy consumption and carbon emissions, leading to cost savings and enhanced sustainability in building management.

Busbud

Venture Round in 2022
Busbud, Inc. offers an online platform for booking intercity bus travel, enabling users to search, compare, and purchase tickets across various destinations in Canada and internationally. Founded in 2011 and headquartered in Montreal, Canada, the company provides extensive travel information, including schedules, prices, reviews, and amenities, through its website and mobile application. Busbud aggregates bus schedules from over 10,463 cities in 89 countries, allowing travelers to plan their trips in multiple languages and currencies. The platform aims to simplify the travel experience by helping users find the best prices and options that suit their needs, while also providing customer support to enhance the booking experience.

LeddarTech

Series D in 2022
LeddarTech Inc. is a Canadian company that specializes in developing advanced detection and ranging systems, utilizing time-of-flight measurement technology with infrared LEDs. Its product offerings include smart sensor modules for various applications, such as single-element and multi-element sensor modules, LED-based traffic management sensors, and sensor evaluation kits. These solutions are designed for a wide range of applications, including advanced driver assistance systems (ADAS), autonomous driving, public safety, and industrial monitoring. LeddarTech's flagship platform, LeddarVision™, integrates multiple sensor types to create comprehensive 3D environmental models, facilitating improved perception and navigation capabilities in vehicles. The company aims to address critical sensing challenges for OEMs and automotive suppliers, helping them enhance performance while reducing development time and costs. Founded in 2007 and headquartered in Quebec City, Canada, LeddarTech maintains a research and development office in Toronto and has secured numerous patents in the field of remote sensing technologies.

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.

Vosker

Debt Financing in 2021
Vosker provides remote area monitoring technology using solar power and artificial intelligence for cutting-edge surveillance solutions. It offers mobile security cameras that operate on 4G/LTE networks and are powered by solar energy, providing surveillance capabilities. These cameras are primarily used in various industries. Vosker was founded in 2018, and headquartered in Victoriaville, Quebec.

Fody

Venture Round in 2020
Fody Food Co. Inc. is a Canadian company that specializes in manufacturing dietary products designed for individuals with irritable bowel syndrome (IBS). Founded in 2016 and based in Montreal, Quebec, Fody offers a variety of gut-friendly foods, including sauces, salsas, dressings, seasonings, and snack bars, all formulated to be low in FODMAPs—carbohydrates that can trigger digestive issues in some people. The product lineup includes items like mild salsa, marinara sauce, BBQ sauce, dressings, and various snack bars, catering to the dietary needs of those seeking relief from IBS symptoms. Fody's products are available for purchase through its website and a network of retail partners, allowing consumers to improve their eating habits while enjoying flavorful options.

Busbud

Series C in 2020
Busbud, Inc. offers an online platform for booking intercity bus travel, enabling users to search, compare, and purchase tickets across various destinations in Canada and internationally. Founded in 2011 and headquartered in Montreal, Canada, the company provides extensive travel information, including schedules, prices, reviews, and amenities, through its website and mobile application. Busbud aggregates bus schedules from over 10,463 cities in 89 countries, allowing travelers to plan their trips in multiple languages and currencies. The platform aims to simplify the travel experience by helping users find the best prices and options that suit their needs, while also providing customer support to enhance the booking experience.

Rithmik Solutions

Grant in 2019
Rithmik Solutions Ltd. is a Montreal-based company that specializes in developing software solutions for the mining industry, focusing on predictive maintenance for mobile mining equipment. Founded in 2017, Rithmik offers an artificial intelligence-driven platform that analyzes equipment health by creating a virtual model of healthy assets, which runs alongside their physical counterparts. This system detects even minor deviations from optimal performance, providing clients with actionable insights to enhance equipment uptime and reduce maintenance costs. By leveraging AI technology, Rithmik Solutions aims to optimize productivity and profitability for its clients in the mining sector.

Equisoft

Private Equity Round in 2018
Equisoft Inc. is a global provider of innovative digital solutions tailored for the life insurance and wealth management industries. Founded in 1994 and headquartered in Montreal, Canada, with an additional office in Sydney, Australia, the company specializes in delivering a comprehensive ecosystem of services. Its offerings include SaaS policy administration, customer relationship management, financial planning tools, and solutions for asset allocation and portfolio analysis. Equisoft also provides financial advisors with tools for wealth management proposals, as well as software for quotes, illustrations, and agency management systems. The company is recognized as a leading partner for Oracle's insurance policy administration platform, leveraging extensive expertise in data migration and integration. Through its diverse range of services, Equisoft aims to empower clients to navigate the complexities of digital transformation in the financial sector.

Beyond the Rack

Series B in 2011
Beyond the Rack is a Montreal-based online shopping platform that functions as a private shopping club, offering exclusive deals on a wide range of products including apparel, accessories, fragrances, home goods, and electronics. With approximately 15 million active members in Canada and the United States, the platform features flash sales that provide discounts of up to 80% on designer and fast fashion items, all without a retail middleman. The company collaborates with over 3,000 brands to host 15-25 sales daily, which typically last between 48 to 72 hours or until items sell out. Membership is free and can be obtained through the website, promotional partners, or referrals from existing members. Beyond the Rack is recognized for its responsive customer service and efficient shipping, contributing to its reputation as a leading online retailer in the fashion industry.
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