Leaders Fund

Leaders Fund Inc. is a venture capital firm based in Toronto, Canada, with an additional office in Alpharetta, Georgia. Established in 2016, it specializes in seed, early, and mid-stage investments, focusing primarily on high-growth business-to-business enterprise software-as-a-service (SaaS) companies. The firm targets investments in sectors such as cloud computing, mobile technology, and machine learning. Leaders Fund typically invests between $1 million and $5 million per company, aiming for equity stakes of 5 to 20 percent. With a team of experienced operators who have successfully built and exited enterprise software companies, Leaders Fund is positioned to leverage its expertise to foster growth and innovation in its portfolio companies across Canada and the United States.

Stephen A. DeBacco

Co-Founder and Managing Partner

Gideon Hayden

Co-Founder and Managing Partner

David Kamenetsky

Principal

David L. MacDonald

Venture Partner

Dave MacDonald

Venture Partner

26 past transactions

Threekit

Series B in 2021
ThreeKit Inc. designs and develops three dimensional (3D) product configuration and visualization platform that offers interactive product solutions and user-selected customization options. It offers interactive 3D solutions, photorealistic 2D solutions, augmented reality and virtual reality solutions, visual configuration solution that provides interactive visualization of product catalog, and digital asset management solutions which control digital assets through platform. The company was founded in 2005 and is based in Chicago, Illinois.

Drata

Series B in 2021
Drata is a leading security and compliance automation platform designed to assist companies in achieving continuous compliance with service organization control standards. The platform features an autopilot system that automates control monitoring and evidence collection, which simplifies the process of preparing for audits, ultimately reducing both costs and time. By providing actionable insights, reports, alerts, and integrations with various software-as-a-service applications, Drata enables enterprises to build trust with their users, customers, partners, and prospects, facilitating secure business growth and accelerated sales.

Upscribe

Seed Round in 2021
Developer of a subscription software designed to move beyond managing subscriptions to growing subscribers. The company's software helps to manage membership pricing, add or swap products and skip shipping, enabling D2C eCommerce merchants to drive subscriber growth, reduce churn and optimize operations.

Drata

Series A in 2021
Drata is a leading security and compliance automation platform designed to assist companies in achieving continuous compliance with service organization control standards. The platform features an autopilot system that automates control monitoring and evidence collection, which simplifies the process of preparing for audits, ultimately reducing both costs and time. By providing actionable insights, reports, alerts, and integrations with various software-as-a-service applications, Drata enables enterprises to build trust with their users, customers, partners, and prospects, facilitating secure business growth and accelerated sales.

Drata

Seed Round in 2021
Drata is a leading security and compliance automation platform designed to assist companies in achieving continuous compliance with service organization control standards. The platform features an autopilot system that automates control monitoring and evidence collection, which simplifies the process of preparing for audits, ultimately reducing both costs and time. By providing actionable insights, reports, alerts, and integrations with various software-as-a-service applications, Drata enables enterprises to build trust with their users, customers, partners, and prospects, facilitating secure business growth and accelerated sales.

Ada

Series B in 2020
Ada Support Inc. is a Toronto-based company that specializes in developing a chatbot platform aimed at enhancing customer support for enterprise businesses. Established in 2014, Ada's technology utilizes machine learning to automate customer interactions, allowing non-technical support teams to manage inquiries more efficiently. The platform enables customers to find answers independently, thereby reducing the overall volume of support requests. Additionally, the system continually learns from interactions to improve its service capabilities over time.

Briza

Seed Round in 2020
Briza, Inc. is a Toronto-based company that specializes in an online insurance-as-a-service platform, launched in 2016. The platform facilitates instant quoting, binding, and issuance of commercial insurance policies, serving as a marketplace for automated underwriting models. By providing a comprehensive API, Briza enables organizations, including insurance agencies and consumer applications, to integrate commercial insurance solutions seamlessly. This infrastructure allows insurers to deliver their products in a digital format quickly and cost-effectively, catering primarily to small business clients.

Top Hat

Series D in 2020
As a student engagement and interactive teaching platform, Top Hat’s software helps college professors activate classrooms. In a world of digital distractions, countless academic studies have reinforced the reality that students better understand the day’s lesson if they’re asked to engage with peers, interact with complex material and participate in class. By requiring students to use their personal devices to answer quizzes, reply to polls, and tackle difficult simulations, Top Hat transforms the passive lecture hall into an engaging learning environment. As an advocate for traditional, on-campus education, Top Hat not only modernizes established teaching methods but also facilitates new approaches including the ‘flipped classroom,’ ‘group learning,’ and other creative solutions. Top Hat is headquartered in Toronto, Canada, hosts 120 full-time employees, and has been operating since its 2009 launch behind $22M in venture funding.

Spatial

Series A in 2020
Spatial Systems, Inc. offers an augmented workplace platform designed to enhance communication and collaboration among users. Founded in 2016 and headquartered in New York, the company enables users to conduct meetings with spatial audio and 3D telepresence, facilitating a more immersive experience. Additionally, Spatial's platform allows for the sharing and organization of various digital content, including 3D models, videos, documents, images, and websites. The focus of the company is to transform how people work by creating a collective computing environment that fosters creativity and productivity. Spatial has attracted investment from notable firms and individuals, positioning itself as a leader in the augmented reality and virtual reality space.

Ada

Series A in 2018
Ada Support Inc. is a Toronto-based company that specializes in developing a chatbot platform aimed at enhancing customer support for enterprise businesses. Established in 2014, Ada's technology utilizes machine learning to automate customer interactions, allowing non-technical support teams to manage inquiries more efficiently. The platform enables customers to find answers independently, thereby reducing the overall volume of support requests. Additionally, the system continually learns from interactions to improve its service capabilities over time.

CrowdRiff

Series A in 2018
CrowdRiff is a Toronto-based company that offers a visual marketing platform specifically designed for the travel and tourism industry. Founded in 2011, the platform utilizes artificial intelligence to help marketers discover, manage, and share high-performing visual content across various marketing channels. By combining image discovery and digital asset management, CrowdRiff enables clients to enhance their community engagement through personalized interactions, turning community management into an integral part of their workflow. The platform includes features like Media Hub, which facilitates the sharing of visual content with journalists and content creators. CrowdRiff serves a diverse range of clients, including tourism boards, resorts, aquariums, and museums, helping them effectively connect with their audiences.

Spot.io

Series B in 2018
Spot.io specializes in cloud service and management optimization for SaaS companies, leveraging artificial intelligence to enhance operational efficiency. The company's AI software predicts price fluctuations, enabling businesses to identify and utilize cost-effective cloud infrastructure options, known as spot instances. By streamlining the management of these resources, Spot.io helps organizations reduce operational costs while maximizing performance in their cloud environments.

Zaius

Series B in 2018
Zaius, Inc. is a company that develops an engagement platform aimed at enhancing consumer experiences across various channels. Founded in 2012 and headquartered in Boston, Massachusetts, Zaius provides a single customer view platform that processes customer interactions across devices, allowing marketers to resolve identities effectively. Its intelligent marketing automation tool enables real-time, behaviorally-triggered messaging and lifecycle segmentation. Additionally, Zaius offers cross-channel attribution and analytics, unifying data from various marketing channels to provide comprehensive insights. The company serves e-commerce and direct-to-consumer businesses, providing a suite of services that includes strategic consulting, creative services, and tactical execution. Formerly known as Voodoo Lunchbox, Inc., Zaius reflects a commitment to empowering marketers to optimize revenue from existing customers by integrating customer data and campaign execution into a cohesive platform.

CallRail

Venture Round in 2017
CallRail, Inc. is a business-to-business software company that specializes in phone call tracking, recording, and analytics services designed for data-driven businesses. Founded in 2011 and based in Atlanta, Georgia, CallRail provides a platform that enables users to measure phone call conversions from various marketing campaigns, including search, digital, and offline efforts. The software automatically displays tracking phone numbers to the appropriate audience, captures the visitor journey before and after calls, and allows for the configuration of new tracking numbers. Additionally, it offers features such as call recording and the ability to manage multiple companies, locations, and clients from a single account. By connecting data from calls, forms, and chats, CallRail helps marketers optimize their advertising performance, increase sales effectiveness, and enhance customer retention.

Manifold.co

Series A in 2017
Manifold.co operates a cloud-based marketplace that simplifies the discovery, purchase, and management of developer services and tools for applications across various cloud environments. By addressing the complexities associated with micro-services and third-party infrastructure, Manifold enables clients to effectively configure and distribute their pricing plans from a central platform. The marketplace streamlines essential functions such as pricing, billing, identity management, and provisioning, thereby facilitating a more efficient application development and deployment process.

Flashpoint

Series C in 2017
Flashpoint is a leader in risk intelligence, providing organizations with comprehensive coverage of threatening activities on the internet. The company develops actionable threat intelligence and automation software that draws critical data from the deep and dark web. This allows security teams to receive timely alerts when their organization, industry, or stakeholders face increased risks. By partnering with both commercial and government customers, Flashpoint helps them quickly identify and mitigate critical security threats, enhancing their cyber and physical security while addressing issues such as fraud and insider threats.

Top Hat

Series C in 2017
As a student engagement and interactive teaching platform, Top Hat’s software helps college professors activate classrooms. In a world of digital distractions, countless academic studies have reinforced the reality that students better understand the day’s lesson if they’re asked to engage with peers, interact with complex material and participate in class. By requiring students to use their personal devices to answer quizzes, reply to polls, and tackle difficult simulations, Top Hat transforms the passive lecture hall into an engaging learning environment. As an advocate for traditional, on-campus education, Top Hat not only modernizes established teaching methods but also facilitates new approaches including the ‘flipped classroom,’ ‘group learning,’ and other creative solutions. Top Hat is headquartered in Toronto, Canada, hosts 120 full-time employees, and has been operating since its 2009 launch behind $22M in venture funding.

Zaius

Venture Round in 2017
Zaius, Inc. is a company that develops an engagement platform aimed at enhancing consumer experiences across various channels. Founded in 2012 and headquartered in Boston, Massachusetts, Zaius provides a single customer view platform that processes customer interactions across devices, allowing marketers to resolve identities effectively. Its intelligent marketing automation tool enables real-time, behaviorally-triggered messaging and lifecycle segmentation. Additionally, Zaius offers cross-channel attribution and analytics, unifying data from various marketing channels to provide comprehensive insights. The company serves e-commerce and direct-to-consumer businesses, providing a suite of services that includes strategic consulting, creative services, and tactical execution. Formerly known as Voodoo Lunchbox, Inc., Zaius reflects a commitment to empowering marketers to optimize revenue from existing customers by integrating customer data and campaign execution into a cohesive platform.

Helpful

Seed Round in 2017
Helpful.com Inc. develops a mobile application to share video updates, status updates, broadcast news, give feedback, and share ideas at work. The application can be used to share meeting updates, executive updates, and travel updates as well. Helpful.com Inc. was incorporated in 2015 and is based in Toronto, Canada. As of January 28, 2019, Helpful.com Inc. operates as a subsidiary of Shopify Inc.

360insights

Venture Round in 2016
360 Incentives provides a highly flexible software as a service platform which enables manufacturers and distributors to create, measure and manage their incentives programs such as sales spiffs or rebates in real time with 100% auditing and fast payout of claims.

Baker

Seed Round in 2016
Baker Technologies, Inc. develops online customer relationship management solutions for the cannabis industry in the United States and Candida. It offers customer acquisition, engagement, and retention tools; and an e-commerce platform for online ordering, menus, and delivery. The company was founded in 2014 and is based in Denver, Colorado. Baker Technologies, Inc. operates as a subsidiary of TILT Holdings Inc.

Flashpoint

Series B in 2016
Flashpoint is a leader in risk intelligence, providing organizations with comprehensive coverage of threatening activities on the internet. The company develops actionable threat intelligence and automation software that draws critical data from the deep and dark web. This allows security teams to receive timely alerts when their organization, industry, or stakeholders face increased risks. By partnering with both commercial and government customers, Flashpoint helps them quickly identify and mitigate critical security threats, enhancing their cyber and physical security while addressing issues such as fraud and insider threats.

Zaius

Venture Round in 2016
Zaius, Inc. is a company that develops an engagement platform aimed at enhancing consumer experiences across various channels. Founded in 2012 and headquartered in Boston, Massachusetts, Zaius provides a single customer view platform that processes customer interactions across devices, allowing marketers to resolve identities effectively. Its intelligent marketing automation tool enables real-time, behaviorally-triggered messaging and lifecycle segmentation. Additionally, Zaius offers cross-channel attribution and analytics, unifying data from various marketing channels to provide comprehensive insights. The company serves e-commerce and direct-to-consumer businesses, providing a suite of services that includes strategic consulting, creative services, and tactical execution. Formerly known as Voodoo Lunchbox, Inc., Zaius reflects a commitment to empowering marketers to optimize revenue from existing customers by integrating customer data and campaign execution into a cohesive platform.

Influitive

Series B in 2016
Influitive Corporation specializes in advocate marketing software solutions tailored for business-to-business (B2B) software and technology firms globally. Its primary product, AdvocateHub, enables companies to create advocate communities that engage customers, partners, and employees in marketing activities such as referrals, reference calls, and product reviews. This platform helps businesses harness customer enthusiasm to enhance their marketing and sales initiatives. AdvocateHub integrates with Salesforce, allowing for seamless tracking of customer engagement. Additionally, Influitive offers consulting services that include coaching and training to assist companies in implementing effective advocate marketing strategies. The AdvocateHub software is accessible through a web portal, with integration options for client websites and mobile access via the Maven app. Founded in 2010 and headquartered in Toronto, Canada, Influitive also has offices in Menlo Park, California, and Boston, Massachusetts.

360insights

Venture Round in 2016
360 Incentives provides a highly flexible software as a service platform which enables manufacturers and distributors to create, measure and manage their incentives programs such as sales spiffs or rebates in real time with 100% auditing and fast payout of claims.

Acme Technologies

Venture Round in 2014
Acme Technologies Inc. is a developer of a cloud-based ticketing and visitation management solution tailored for cultural institutions and various attractions. Founded in 2014 and based in San Jose, California, the company provides a customizable platform that facilitates ticket sales and visitor management for museums, zoos, aquariums, historic sites, and more. Acme's software supports both consumer and group ticketing, resource management, and customer relationship management, enabling organizations to streamline their operations. Additionally, the platform allows for contactless payments and membership management, offering a seamless experience for visitors whether they are purchasing tickets online, via mobile, or in person. By integrating rich visitor data into third-party tools, Acme enhances marketing efforts, ultimately driving revenue growth for its clients. The company is committed to providing an all-inclusive service that encompasses software, hardware, support, and upgrades at predictable pricing.
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