Klass Capital

Klass Capital is a private equity and venture capital firm established in 2011 and headquartered in Toronto, Canada. The firm specializes in acquiring mid-sized companies and providing expansion-stage capital, focusing primarily on technology sectors such as high-growth enterprise software, SaaS, and e-commerce. Klass Capital targets investments in companies with sales ranging from $1 million to over $20 million and enterprise values between $5 million and $75 million. It typically makes equity investments of $5 million to $40 million, favoring both minority and control equity stakes. The firm invests primarily in North America and Europe, with a particular emphasis on the Canadian market. Klass Capital does not engage in investments in start-ups or sectors like biotechnology or clean technology. In addition to capital investment, the firm offers advisory services to its portfolio companies, aiming to support their growth and operational success.

Arkeveld, Patrick

Operating Partner

Kevin Climans

Associate

Emma Couture

Software Investor

Emma Johnson

Software Investor

Daniel Klass

Founder and Managing Partner

33 past transactions

Workwize

Series A in 2025
Workwize is a platform that facilitates employee onboarding and offboarding while also providing them with all of the office supplies required to maintain a healthy work environment. Workwize makes establishing, operating, and closing remote offices easier and more manageable than ever before. Workwize allows employees with individual budgets to order home office products and services such as ergonomic desks, desk chairs, and IT products at a low cost.

Manifest Climate

Series A in 2022
Manifest Climate is a climate intelligence platform that assists organizations in navigating climate change challenges by facilitating regulatory compliance and promoting sustainable practices. The company aims to transform climate risks into opportunities, providing resources such as industry-specific climate news, trends, and peer benchmarking. Through its platform, Manifest Climate helps businesses enhance their climate reporting and build confidence in their environmental strategies, ultimately fostering alignment and action towards a more climate-resilient future.

Coconut Software

Series B in 2021
Coconut Software is a provider of a cloud-based appointment scheduling and visitor management platform tailored for enterprise use. The platform enables businesses to streamline customer appointments and facilitate online bookings, offering features such as text and email reminders, queue management, and performance reporting. It supports self-service booking, curbside pickup, and wait time tracking, enhancing the customer experience while alleviating pressure on staff. Additionally, Coconut Software integrates with contact centers and provides solutions for virtual meetings, making it particularly beneficial for banks and credit unions. By delivering real-time traffic insights, the platform helps organizations reduce customer wait times and improve operational efficiency.

Wonderflow

Series B in 2021
Wonderflow is a consumer feedback analytics platform that leverages artificial intelligence and natural language processing to transform customer insights into actionable strategies. By analyzing vast amounts of feedback from sources such as online reviews and support center records, it enables business-to-consumer (B2C) companies to derive meaningful insights. This advanced technology helps organizations understand customer sentiments and preferences, facilitating informed decision-making that can enhance marketing strategies and overall customer experience. With its focus on turning the voice of the customer into strategic advantages, Wonderflow aims to empower businesses to navigate the complexities of consumer feedback effectively.

AlayaCare

Series D in 2021
AlayaCare is a start-up based in Montréal, Quebec, that offers a comprehensive home health care software platform and hardware ecosystem. Founded in 2014 by Adrian Schauer and Neil Grunberg, the company aims to modernize the home care industry, which often relies on outdated software and inefficient processes. AlayaCare's platform integrates various functions, including planning, clinical documentation, remote patient monitoring, and mobile care worker capabilities, enabling home care agencies to operate more effectively and efficiently. By providing mixed telehealth and in-person health solutions, AlayaCare empowers patients to improve their quality of life while simultaneously reducing care costs. The company promotes an open culture that encourages team members to voice dissent while maintaining a focus on overarching goals. Additionally, AlayaCare collaborates with NGOs in the developing world, offering its solution at no cost to enhance mobile technology's impact on underserved communities.

Manifest Climate

Seed Round in 2021
Manifest Climate is a climate intelligence platform that assists organizations in navigating climate change challenges by facilitating regulatory compliance and promoting sustainable practices. The company aims to transform climate risks into opportunities, providing resources such as industry-specific climate news, trends, and peer benchmarking. Through its platform, Manifest Climate helps businesses enhance their climate reporting and build confidence in their environmental strategies, ultimately fostering alignment and action towards a more climate-resilient future.

RightsLine

Acquisition in 2020
RightsLine is a global rights and royalties management software company that specializes in providing a comprehensive platform for intellectual property (IP) owners to effectively manage and monetize their content throughout its lifecycle. The company's innovative technology tools are designed to serve a diverse range of industries, including media and entertainment, gaming, publishing, consumer products, life sciences, and high tech. RightsLine offers features such as real-time availability, pipeline management, contract visibility, and inventory management, enabling finance, legal, operations, and strategy teams to gain a complete understanding of their content's rights, royalties, contracts, and sales opportunities. This robust SaaS solution simplifies complex rights management processes, enhancing the ability of clients to maximize the value of their IP assets.

Optimy

Series A in 2019
Optimy specializes in software solutions designed for sponsorship and grant management professionals. The company aims to lead in this niche market by integrating advanced technology with exceptional customer service. Its software is modular, allowing clients to select and pay for only the features they need. Key functionalities include request management to streamline incoming inquiries, project management for overseeing collaborative efforts, assessment tools for scoring and ranking projects based on key performance indicators, and audit and compliance features for generating detailed reports and insights. Optimy operates an efficient business model supported by economies of scale, achieving a high customer retention rate of over 98%. In just six years, more than 230 organizations globally have adopted Optimy's solutions, attesting to its effectiveness and ongoing value.

Peloton Innovations

Seed Round in 2017
Peloton Innovations Inc. is a pioneering startup studio based in Toronto, Canada, focused on transforming the security industry, which is valued at $50 billion. Founded in 2014, the company specializes in developing both business-to-business and business-to-consumer products and services that address the evolving needs of protection and security. By leveraging extensive entrepreneurial experience, industry knowledge, and networks, Peloton helps turn innovative ideas into market-ready products and successful companies. The studio's offerings include consulting services aimed at enhancing the secure collection, curation, and sharing of personal data, as well as safeguarding valuable intellectual property.

Resolver

Secondary Market in 2017
Resolver is a Toronto-based company that provides integrated risk management software designed for mid to large-sized organizations. Established in 2000, Resolver's platform supports teams involved in risk management, corporate security, business resilience, and IT risk. The software facilitates risk assessment, enterprise risk management, internal control, and compliance, enabling organizations to protect their employees, customers, supply chains, brands, and shareholders from unforeseen threats. By streamlining operations and enhancing data sharing, Resolver helps organizations reduce the frequency and severity of negative events while delivering actionable insights across various departments.

360insights

Venture Round in 2016
360insights is a developer of on-demand incentive management software designed to optimize channel incentives for manufacturers and distributors. The company's versatile software as a service platform allows clients to create, measure, and manage various incentive programs, including sales incentives, consumer rebates, and volume incentive rebates, in real time. With features that ensure 100% auditing and prompt payout of claims, 360insights enables businesses to rapidly test and analyze critical data, providing valuable insights that enhance their channel incentive strategies. This capability helps clients maximize their return on investment by effectively managing their incentive programs.

360insights

Venture Round in 2016
360insights is a developer of on-demand incentive management software designed to optimize channel incentives for manufacturers and distributors. The company's versatile software as a service platform allows clients to create, measure, and manage various incentive programs, including sales incentives, consumer rebates, and volume incentive rebates, in real time. With features that ensure 100% auditing and prompt payout of claims, 360insights enables businesses to rapidly test and analyze critical data, providing valuable insights that enhance their channel incentive strategies. This capability helps clients maximize their return on investment by effectively managing their incentive programs.

Docebo

Acquisition in 2015
Docebo Inc. is a provider of a cloud-based learning management platform designed to facilitate training for external workforces, partners, and customers across North America, Europe, and the Asia-Pacific region. Founded in 2005 and headquartered in Toronto, Canada, Docebo enables organizations to centralize and manage learning materials within a single system, enhancing the learning experience and increasing productivity. Its platform includes several key modules, such as Docebo Learn for content organization and analytics, Docebo Discover, Coach & Share for personalized and social learning, and Docebo Extended Enterprise for managing multiple audience portals. Additionally, the company offers integrations with platforms like Salesforce, as well as mobile learning solutions and AI-driven tools. Docebo's services cater to a variety of industries, including technology, media, manufacturing, financial services, and retail, with a subscription-based revenue model primarily driven by its North American customer base.

TrackTik

Seed Round in 2015
TrackTik is a cloud-based workforce management software specifically designed for the security industry. It aims to simplify security operations by offering features such as real-time guard management, incident reporting, and back-office administrative functions. The platform enhances visibility and productivity for security companies, allowing them to optimize and standardize processes while improving client trust and profitability. Its integrated technology supports both mobile and web access, enabling users to manage field operations efficiently. Additionally, TrackTik includes business intelligence modules and automated financial management tools, which help security firms and in-house teams operate with greater ease. The company is committed to improving the overall performance of security businesses while minimizing risks and enhancing their reputations.

Resolver

Secondary Market in 2015
Resolver is a Toronto-based company that provides integrated risk management software designed for mid to large-sized organizations. Established in 2000, Resolver's platform supports teams involved in risk management, corporate security, business resilience, and IT risk. The software facilitates risk assessment, enterprise risk management, internal control, and compliance, enabling organizations to protect their employees, customers, supply chains, brands, and shareholders from unforeseen threats. By streamlining operations and enhancing data sharing, Resolver helps organizations reduce the frequency and severity of negative events while delivering actionable insights across various departments.

Resolver

Acquisition in 2015
Resolver is a Toronto-based company that provides integrated risk management software designed for mid to large-sized organizations. Established in 2000, Resolver's platform supports teams involved in risk management, corporate security, business resilience, and IT risk. The software facilitates risk assessment, enterprise risk management, internal control, and compliance, enabling organizations to protect their employees, customers, supply chains, brands, and shareholders from unforeseen threats. By streamlining operations and enhancing data sharing, Resolver helps organizations reduce the frequency and severity of negative events while delivering actionable insights across various departments.

Docebo

Series A in 2015
Docebo Inc. is a provider of a cloud-based learning management platform designed to facilitate training for external workforces, partners, and customers across North America, Europe, and the Asia-Pacific region. Founded in 2005 and headquartered in Toronto, Canada, Docebo enables organizations to centralize and manage learning materials within a single system, enhancing the learning experience and increasing productivity. Its platform includes several key modules, such as Docebo Learn for content organization and analytics, Docebo Discover, Coach & Share for personalized and social learning, and Docebo Extended Enterprise for managing multiple audience portals. Additionally, the company offers integrations with platforms like Salesforce, as well as mobile learning solutions and AI-driven tools. Docebo's services cater to a variety of industries, including technology, media, manufacturing, financial services, and retail, with a subscription-based revenue model primarily driven by its North American customer base.

Condo Control

Venture Round in 2015
Condo Control is a Toronto-based company that offers a web-based platform designed for condominiums, co-ops, and homeowner associations. Founded in 2008, the company provides a comprehensive suite of services, including online communication, record-keeping, amenity booking, visitor parking management, and package tracking. Its platform facilitates easy communication among property managers, board members, security personnel, and residents, streamlining operations and enhancing community engagement. Additionally, Condo Control offers training for property management activities and security procedures, ensuring that all stakeholders are equipped to utilize the system effectively. The company's solutions aim to improve efficiency in managing properties while fostering a connected community among residents.

AlayaCare

Seed Round in 2015
AlayaCare is a start-up based in Montréal, Quebec, that offers a comprehensive home health care software platform and hardware ecosystem. Founded in 2014 by Adrian Schauer and Neil Grunberg, the company aims to modernize the home care industry, which often relies on outdated software and inefficient processes. AlayaCare's platform integrates various functions, including planning, clinical documentation, remote patient monitoring, and mobile care worker capabilities, enabling home care agencies to operate more effectively and efficiently. By providing mixed telehealth and in-person health solutions, AlayaCare empowers patients to improve their quality of life while simultaneously reducing care costs. The company promotes an open culture that encourages team members to voice dissent while maintaining a focus on overarching goals. Additionally, AlayaCare collaborates with NGOs in the developing world, offering its solution at no cost to enhance mobile technology's impact on underserved communities.

BigRoad

Venture Round in 2014
BigRoad Inc. is a Canadian company that develops mobile applications tailored for the trucking industry, focusing on both fleet operators and drivers. The company offers a comprehensive suite of tools, including browser applications for fleet managers that enable real-time messaging, automated hours of service (HOS) tracking, document capture, and GPS location monitoring. For drivers, BigRoad provides a smartphone application featuring in-app messaging, electronic logging, and real-time navigation, along with the ability to send and receive documents and photos. The platform also incorporates deep analytics, allowing fleet managers to gain insights into their operations and enhance productivity. By addressing the challenges faced by trucking fleets, BigRoad aims to streamline processes and reduce administrative burdens for fleet owners while improving the driving experience. As of 2017, BigRoad operates as a subsidiary of Complete Innovations Inc.

TrackTik

Seed Round in 2014
TrackTik is a cloud-based workforce management software specifically designed for the security industry. It aims to simplify security operations by offering features such as real-time guard management, incident reporting, and back-office administrative functions. The platform enhances visibility and productivity for security companies, allowing them to optimize and standardize processes while improving client trust and profitability. Its integrated technology supports both mobile and web access, enabling users to manage field operations efficiently. Additionally, TrackTik includes business intelligence modules and automated financial management tools, which help security firms and in-house teams operate with greater ease. The company is committed to improving the overall performance of security businesses while minimizing risks and enhancing their reputations.

Granify

Seed Round in 2013
Granify Inc. is an Edmonton-based company that offers a Software-as-a-Service solution designed to assist online retailers in maximizing sales through advanced big data and machine learning techniques. The Granify platform analyzes various aspects of a shopper's online behavior, including their journey and movements, to identify potential objections that may prevent a purchase. When such objections are detected, Granify automatically presents targeted messages or stimuli to address shopper concerns and encourage a sale. This solution is compatible with a range of e-commerce platforms, including custom-built sites. Founded in 2011, Granify continues to innovate at the intersection of artificial intelligence and e-commerce, helping retailers improve their conversion rates and overall revenue.

Method:CRM

Series A in 2013
Method:CRM is a QuickBooks-integrated, web-based platform with industry-specific applications that can be completely customized to match the business processes of its customers. It is completely code-free and is fully customizable with drag-and-drop tools. Method:CRM is recommended for end users, QuickBooks ProAdvisors, QuickBooks ISP's, consultants, developers and non-developer, and other companies, which are willing to use a platform that is able to adapt and change to their specific needs. Method:CRM was launched in 2010 and is based in Toronto, O.N.

360insights

Venture Round in 2013
360insights is a developer of on-demand incentive management software designed to optimize channel incentives for manufacturers and distributors. The company's versatile software as a service platform allows clients to create, measure, and manage various incentive programs, including sales incentives, consumer rebates, and volume incentive rebates, in real time. With features that ensure 100% auditing and prompt payout of claims, 360insights enables businesses to rapidly test and analyze critical data, providing valuable insights that enhance their channel incentive strategies. This capability helps clients maximize their return on investment by effectively managing their incentive programs.

Vena Solutions

Venture Round in 2012
Vena Solutions operates as a Complete Planning platform that integrates seamlessly with Microsoft 365, primarily leveraging Excel to enhance financial and operational planning. The company provides a cloud-based solution that streamlines budgeting, reporting, and analytics processes, enabling organizations to make informed business decisions through advanced insights and AI capabilities. Vena transforms traditional spreadsheet use into an enterprise-grade solution, offering features such as centralized databases, workflow management, and detailed audit trails. This approach allows over 1,800 leading companies to utilize their existing spreadsheet skills while benefiting from real-time reporting and cross-functional collaboration. Vena's focus on corporate performance management applications positions it as a rapidly growing vendor in the cloud CPM sector, catering to the needs of finance and operational teams without sacrificing user familiarity with Excel.

Granify

Venture Round in 2012
Granify Inc. is an Edmonton-based company that offers a Software-as-a-Service solution designed to assist online retailers in maximizing sales through advanced big data and machine learning techniques. The Granify platform analyzes various aspects of a shopper's online behavior, including their journey and movements, to identify potential objections that may prevent a purchase. When such objections are detected, Granify automatically presents targeted messages or stimuli to address shopper concerns and encourage a sale. This solution is compatible with a range of e-commerce platforms, including custom-built sites. Founded in 2011, Granify continues to innovate at the intersection of artificial intelligence and e-commerce, helping retailers improve their conversion rates and overall revenue.

Dealer.com

Funding Round in 2012
Dealer.com, a Dealertrack Technologies Solution (NASDAQ: TRAK), provides an integrated platform of Inventory, Advertising, Website and CRM products which allow OEMs, dealer groups, retailers and agencies to leverage advanced digital technology and data to better engage and connect with their customers. Based in Burlington, Vermont, Dealer.com, representing the Digital Marketing Solutions group within Dealertrack, practices a deep commitment to its culture of innovation, with a focus on health and wellness, making it one of the most desirable places to work, and a valuable partner for automotive retailers. About Us Great companies start with an idea and an inspiration. Our idea was to make the car buying process better, faster and simpler. And our inspiration was technology. In 1997 that spark led Mark Bonfigli, Rick Gibbs, Mike Lane, Jamie LaScolea and Ryan Dunn to found Dealer.com and begin redefining the expectations of the auto industry. By bringing a full suite of digital marketing tools to OEMs and dealers, coupled with direct consultation to make those tools work harder for customers, we helped to change the digital face of the industry. But we didn’t just focus on the world outside – we looked inward, to see how we could create a work environment that was unlike any other – where the desire to be creative, innovative, healthy, expressive and fun were nurtured and appreciated at a whole new level. It was the collective fostering of these missions that made Dealer.com what it is today: an 850-person strong company with bi-coastal offices serving 40 percent of the auto industry’s marketing needs; all made possible through a culture rich in openness, wellness, development, community engagement, and individuality.

Nulogy

Series A in 2011
Nulogy Corporation provides cloud-based contract packaging software solutions to enhance supply chain operations. Its flagship product, PackManager, streamlines contract packaging workflows by managing various processes, including quoting, planning, warehouse management, production, quality control, invoicing, and reporting. Additionally, the company offers QCloud, which focuses on improving quality control through efficient data collection and analysis. Nulogy also provides professional, integration, and consulting services, serving diverse market segments such as food, beverage, consumer goods, pharmaceuticals, high-tech, and hard goods both in Canada and internationally. Founded in 2002 and based in Toronto, Nulogy enables collaboration among customers and their supplier communities, helping them adapt to the complexities of the consumer market while reducing costs and enhancing compliance and traceability.

Method:CRM

Seed Round in 2010
Method:CRM is a QuickBooks-integrated, web-based platform with industry-specific applications that can be completely customized to match the business processes of its customers. It is completely code-free and is fully customizable with drag-and-drop tools. Method:CRM is recommended for end users, QuickBooks ProAdvisors, QuickBooks ISP's, consultants, developers and non-developer, and other companies, which are willing to use a platform that is able to adapt and change to their specific needs. Method:CRM was launched in 2010 and is based in Toronto, O.N.

Plex

Series A in 2010
Plex is a comprehensive streaming media service that offers users access to thousands of free movies and TV shows, as well as hundreds of live TV channels from renowned entertainment providers such as Warner Bros., Lionsgate, and BBC. It distinguishes itself by allowing users to manage their personal media collections alongside a continuously expanding library of free third-party content, which includes podcasts and music. The platform features a customizable interface that enables users to create personalized playlists and enhance their media with custom artwork and metadata. Accessible from various devices, Plex provides a user-friendly experience that combines personal media with a diverse range of entertainment options, making it a versatile choice for streaming enthusiasts.

UNOapp

Venture Round in 2010
UNOapp specializes in the development and design of online and mobile applications, offering a range of services that enable businesses to create exceptional digital products and user experiences. The company provides its own branded mobile application and website, which customers can utilize for online ordering. In addition, UNOapp features an automated marketing platform designed to facilitate proactive scheduling of marketing campaigns. This platform triggers omni-channel marketing efforts based on various events, including time, date, weather conditions, and local sporting events. This capability allows restaurants and other businesses to effectively reach their target audience with timely and relevant messaging.

Medworxx

Venture Round in 2010
Medworxx is a provider of health information technology solutions focused on serving healthcare institutions. The company develops enterprise software designed to enhance patient flow and ensure the appropriateness of care and transitions within healthcare settings. Additionally, Medworxx offers compliance and education software that allows healthcare organizations to create and disseminate relevant content across their operations, thereby improving overall efficiency and adherence to standards.

Firmex

Seed Round in 2008
Firmex Inc. is a Toronto-based provider of virtual data room solutions, offering an online platform for secure document sharing utilized by organizations globally. Established in 2006, Firmex specializes in facilitating the exchange of confidential documents essential for various processes, including mergers and acquisitions, due diligence, fundraising, and compliance. Its solutions are designed to support a range of sectors such as investment banking, law, private equity, and corporate governance, enabling clients to manage sensitive information effectively during complex transactions. Firmex's user-friendly platform serves over 140,000 companies, ensuring simple, secure, and efficient document sharing without hidden costs. The company also maintains an additional office in London, United Kingdom.
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