NorthSpring Capital Partners

NorthSpring Capital Partners provides risk capital to small and medium sized companies with the goal of creating value. Investments range between $250,000 and $1 million in the form of subordinated debt and/or equity across a variety of traditional industries located in Southern Ontario. NorthSpring takes a flexible approach when reviewing investment opportunities and tailors its investment structure to fit the unique aspects of the business.
SA

Sol Algranti

CEO

Brian K. Hunter

President

19 past transactions

NERv Technology Inc.

Seed Round in 2021
NERv Technology Inc. develops an implantable biochip with biosensors to detect post-operative complications, such as internal bleeding, leakage of bodily fluids, and infection within the abdominal cavity. The biosensor collects data and identifies the complications as it develops and informs both patient and physician in real-time. It also detects changes in the levels of biomarker. The company serves physicians, surgeons, hospitals, and patients. NERv Technology Inc. was founded in 2014 and is based in Kitchener, Canada.

Zoom.ai

Seed Round in 2018
Zoom.ai Inc. develops an artificial intelligence based automated virtual assistant. The software ties into a user’s data, learns the user’s preferences, and assists with meeting scheduling and briefings, warm introductions, reminders, unified search, building corporate FAQ , and logistics scheduling. The product respond to users through messaging platforms, such as slack, skype, facebook messenger, google hangouts, sms/text, and group me. The company was founded in 2016 and is based in Toronto, Canada.

Able Innovations Inc.

Seed Round in 2022
Able Innovations is developing fully automated patient transfer technology to reduce labour and injury costs and improve efficiency, dignity, and quality of life for clients and caregivers alike. Our autonomous and intelligent transfer devices will be able to lift and transfer humans in a safe, efficient, and dignified manner, with zero physical effort required from caregivers. By performing safe and effortless automated transfers, our technology will help to reduce the $30 billion annual financial burden to healthcare facilities that result from the high injury rates and labour expenditure resulting from the inefficient, unsafe, and outdated patient transfer devices in use today. Our first product, the DELTA Platform, will leverage our unique transfer method to perform automated lateral transfers in hospitals and other healthcare facilities, allowing these facilities to save millions on injury costs and optimize their labour resources to achieve the greatest clinical and social outcomes for their clients. Using this same core transfer technology, we plan to develop intelligent and robust mobility devices for long-term care and homecare use, which will enable individuals with impaired mobility to live their lives with a hereto unprecedented level of dignity and independence.

Rehabtronics

Venture Round in 2021
Rehabtronics is a technology development firm that focuses on solutions for physical rehab.

WorkWolf

Pre Seed Round in 2020
HRTech _ Workwolf is a Toronto based Start-Up releasing their first commercially available version of their technology in December 2020. The platform is designed to reduce the occurrence of resume-fraud which costs the North American market $600B/yr. The tech addresses the "root problem" of all hiring efficiencies by verifying self-proclaimed, inaccurate resume data at the beginning of the hiring cycle for enterprise customers. The new, tamper-proof resume (once authenticated) can then be verified by employers or recruiters in real-time and repurposed/refreshed by the user for their entire career.

DarwinAI

Seed Round in 2020
DarwinAI is the next evolution in A.I. development. Based on distinguished scholarship by an award-winning team led by a Canada Research Chair in A.I., DarwinAI takes the guesswork out of building better A.I. Through our patented Generative Synthesis™ A.I.-building A.I., DarwinAI enables A.I. to work in the real world by making deep learning faster, portable, scalable, and understandable. Making A.I. work for anyone, anywhere, anytime.

Sensor Medical

Seed Round in 2020
Sensor Medical improves surgical safety through force-sensing technology.

directworx

Venture Round in 2010
Founded in 1996, directworx (formerly Pegasus Direct Mail Worx) offers state-of-art response technologies for direct mail and transactional mail campaigns encompassing all aspects of creative, data cleansing, dynamic imaging and delivery electronically or through postal services

Nicoya Lifesciences Inc.

Seed Round in 2018
Nicoya Lifesciences Inc. develops sensor products to get affinity, kinetics, and specificity for proteins, antibodies, DNA, RNA, enzymes, polymers, and small molecules. The company offers surface plasmon resonance (SPR) instruments, spectrophotometers, sensor chips, SPR reagents and kits, and SPR accessories; and OpenSPR, a personal label-free biomolecular analysis instrument. It also provides software solutions, such as TraceDrawer, a real-time kinetic analysis software; OpenSPR software that allows the control of the OpenSPR instrument and real time data acquisition; and OpenSpec, a software program for real time optical peak tracking. The company was founded in 2012 and is based in Kitchener, Canada.

KA Imaging

Debt Financing in 2016
KA Imaging has innovated a novel real-time X-ray imager with higher resolution, increased dynamic range, and lower dose that can be manufactured in an LCD display process. They have several issued patents that protect the technology and our product pipeline includes a CAT scan replacement product which enables better visualization than traditional X-rays. They plan to sell our imagers to X-ray system integrators

SSIMWave Inc.

Seed Round in 2017
SSIMWAVE is a cutting-edge video software company that provides perceptual quality measurement and optimization solutions to some of the largest broadcast and streaming operators in Canada and the United States.
Perimeter Medical Imaging is a privately held medical device company with offices in Toronto, Canada. Our executive team of medical device leaders holds an excellent track record of successfully building companies and improving outcomes for clinicians and patients.

Backyard Media Inc.

Seed Round in 2018
Backyard Media Inc., doing business as Underknown/Interesting sh!t, produces short video content. It offers content about history, geography, science, and culture for social channels, such as F acebook, Instagram, Twitter, and YouTube. The company was incorporated in 2016 and is based in Toronto, Canada.

AXIS Labs

Seed Round in 2017
AXIS has the vision to make any 'existing thing' smart - starting first with window shades. The company's first product, Gear, motorizes and automates existing window shades in minutes. Named as the 2017 Motorized Product of the Year by the Consumer Technology Association, Gear is compatible with a variety of window shades and allows you to control and schedule your shades from the comfort of your phone. Headquartered in Toronto, Canada, with offices in New York City, USA, and Shenzhen, China, AXIS is on a mission to transform the window shade industry with smart and simple technology.

Intellijoint Surgical

Series A in 2016
Intellijoint Surgical Inc. provides Intellijoint HIP, a miniaturized system to help orthopedic surgeons in the selection and positioning of orthopedic implants during hip replacement surgery. Intellijoint Surgical Inc. was formerly known as Avenir Medical Inc. The company was founded in 2010 and is based in Waterloo, Canada.

Sensor Medical

Seed Round in 2019
Sensor Medical improves surgical safety through force-sensing technology.

HTBASE

Angel Round in 2016
HTBASE delivers a unique Composable IT infrastructure solution to medium and large enterprises with its software-defined platform. Their goal is to enable organizations to transform their operations and deliver technology solutions on an efficient way. Through innovative product and services, HTBASE accelerates the journey to cloud computing in a more agile, trusted and cost-efficient way.

YOURIKA

Seed Round in 2019
YOURIKA combines years of AI research from the University of Waterloo (Top 5 in AI) with our proprietary technology and domain expertise to make smarter and more connected learning products. This includes our own platform, ORBITS, that liberates teenage students to work smarter when learning remotely.