Mistral Venture Partners

Mistral Venture Partners Inc. is a venture capital firm based in Ottawa, Canada, focusing on early-stage investments primarily in the technology sector. Established in 2012, the firm targets smart enterprise companies, emphasizing areas such as mobility, cloud computing, artificial intelligence, and the Internet of Things. Mistral aims to invest between $0.1 million and $5 million in companies that require up to $20 million in total venture capital throughout their lifecycle. While its primary investment focus is on Eastern Canada, the firm is also open to opportunities across North America, including the United States. Mistral seeks to play a significant role in its portfolio companies by taking substantial ownership stakes and leveraging its extensive network of investors, advisors, and industry connections to facilitate growth and prepare companies for later-stage financing.

Raif Barbaros

Partner

Code Cubitt

Managing Director

Sreedhar Natarajan

Venture Partner

Mike Scanlin

Venture Partner

Pablo Srugo

Partner

Bernie Zeisig

Managing Partner

Past deals in Ottawa

Rewind

Series A in 2021
Since 2015, Rewind has been on a mission to help small and medium businesses keep growing online. Today, over 30,000 total customers in more than 100 countries use Rewind’s top-reviewed software and support to easily control the software-as-a-service data that's critical to their success. Rewind's solutions empower businesses to protect and recover the data they need for consistent growth.

Relogix

Series A in 2019
Relogix Inc. is a Canadian company based in Ottawa that specializes in developing sensor-based devices for monitoring and tracking unused office spaces. The company offers its UtiLive system, which combines advanced sensor technology and a machine learning analytics engine to provide real-time insights into workplace usage. This system helps identify usage patterns, enabling real estate professionals to optimize their portfolios effectively. Relogix operates on a sensor-as-a-service pricing model, which encompasses initial floor planning, the deployment of sensor devices, and ongoing monitoring through a cloud-based application. Founded in 2010, Relogix primarily serves large enterprises and commercial real estate portfolios, particularly those with dynamic mobile workforces, such as technology firms and financial institutions.

Relogix

Seed Round in 2018
Relogix Inc. is a Canadian company based in Ottawa that specializes in developing sensor-based devices for monitoring and tracking unused office spaces. The company offers its UtiLive system, which combines advanced sensor technology and a machine learning analytics engine to provide real-time insights into workplace usage. This system helps identify usage patterns, enabling real estate professionals to optimize their portfolios effectively. Relogix operates on a sensor-as-a-service pricing model, which encompasses initial floor planning, the deployment of sensor devices, and ongoing monitoring through a cloud-based application. Founded in 2010, Relogix primarily serves large enterprises and commercial real estate portfolios, particularly those with dynamic mobile workforces, such as technology firms and financial institutions.

RareLogic

Venture Round in 2017
RareLogic Inc. is an Ottawa-based company that specializes in providing automated predictive email marketing solutions for online retailers. Established in 2009, the company offers a comprehensive platform that includes features such as predictive email recommendations, customer list building, automated event-based communications, and e-commerce integration. Additionally, RareLogic provides tools for creating visually appealing emails through a drag-and-drop designer, along with analytics and reporting capabilities to enhance marketing strategies. By leveraging customer data, RareLogic aims to improve email engagement and foster repeat business for its clients, helping them build stronger relationships with their customers.

Klipfolio

Series B in 2017
Klipfolio Inc. is a cloud-based business intelligence company that specializes in providing real-time dashboard solutions. Its flagship product, Klipfolio Dashboard, empowers users to monitor key business metrics by connecting to various data sources, allowing for data manipulation, visualization, and sharing across devices including web browsers and TV monitors. In addition to its dashboard capabilities, Klipfolio offers consulting services in design, business analysis, and data visualization, as well as technical training. The company caters to a diverse range of sectors, including technology, healthcare, financial services, and government organizations. Founded in 2001 and headquartered in Ottawa, Canada, Klipfolio aims to enhance decision-making by enabling users to take control of their data.

Klipfolio

Series A in 2015
Klipfolio Inc. is a cloud-based business intelligence company that specializes in providing real-time dashboard solutions. Its flagship product, Klipfolio Dashboard, empowers users to monitor key business metrics by connecting to various data sources, allowing for data manipulation, visualization, and sharing across devices including web browsers and TV monitors. In addition to its dashboard capabilities, Klipfolio offers consulting services in design, business analysis, and data visualization, as well as technical training. The company caters to a diverse range of sectors, including technology, healthcare, financial services, and government organizations. Founded in 2001 and headquartered in Ottawa, Canada, Klipfolio aims to enhance decision-making by enabling users to take control of their data.

Giatec

Seed Round in 2014
Giatec Scientific Inc., founded in 2010 and based in Ottawa, Canada, specializes in designing and manufacturing sensor-based testing products for the construction industry. The company focuses on revolutionizing concrete monitoring through innovative IoT technologies that provide real-time data on concrete properties during various phases, including design, production, and placement. Giatec's product lineup includes wireless concrete sensors such as SmartRock, mobile applications like Smart Concrete, and advanced non-destructive testing tools. These solutions enable contractors and ready-mix producers to make informed decisions, optimize mix designs, and effectively manage civil infrastructure by assessing the condition and durability of concrete. By integrating these technologies, Giatec aims to enhance efficiency and reduce costs in construction projects.

Klipfolio

Seed Round in 2014
Klipfolio Inc. is a cloud-based business intelligence company that specializes in providing real-time dashboard solutions. Its flagship product, Klipfolio Dashboard, empowers users to monitor key business metrics by connecting to various data sources, allowing for data manipulation, visualization, and sharing across devices including web browsers and TV monitors. In addition to its dashboard capabilities, Klipfolio offers consulting services in design, business analysis, and data visualization, as well as technical training. The company caters to a diverse range of sectors, including technology, healthcare, financial services, and government organizations. Founded in 2001 and headquartered in Ottawa, Canada, Klipfolio aims to enhance decision-making by enabling users to take control of their data.

RareLogic

Seed Round in 2014
RareLogic Inc. is an Ottawa-based company that specializes in providing automated predictive email marketing solutions for online retailers. Established in 2009, the company offers a comprehensive platform that includes features such as predictive email recommendations, customer list building, automated event-based communications, and e-commerce integration. Additionally, RareLogic provides tools for creating visually appealing emails through a drag-and-drop designer, along with analytics and reporting capabilities to enhance marketing strategies. By leveraging customer data, RareLogic aims to improve email engagement and foster repeat business for its clients, helping them build stronger relationships with their customers.
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