Pallasite Ventures

Pallasite Ventures is a venture capital firm that specializes in mezzanine and seed financing for early-stage, high-growth companies. Founded in 2012 by David Light, the firm has its primary office in Chicago, Illinois, and an additional office in Vancouver, Canada. Pallasite Ventures focuses on investing in a diverse range of industries, particularly targeting technology and consumer product sectors. The firm seeks opportunities in various metropolitan areas, including Vancouver, San Francisco, Boston, Denver, Chicago, and Toronto, aiming to support innovative companies as they scale.

Christopher Bissonnette

Managing Partner

29 past transactions

Zeno Power

Series A in 2022
They are developing a next-generation radioisotope power system that converts the heat from recycled nuclear waste into electricity.Their novel fuel and shielding design results in a system that is lightweight, cost-effective, and provides always-on, resilient power for years at a time.

Ionomr

Series A in 2022
Ionomr Innovations Inc. is a Vancouver-based company specializing in the design, adaptation, and manufacture of advanced ion-exchange membranes and polymer technologies. Founded in 2013, Ionomr focuses on creating environmentally friendly materials that replace toxic fluorinated chemicals often used in electrochemical applications. Its flagship product line, Aemion, is designed for various applications, including water treatment, energy storage, and clean energy generation. The company’s innovative membranes are known for their alkaline stability, strength, and performance, enabling optimal integration into electrochemical systems. By providing solutions that enhance efficiency and reduce environmental impact, Ionomr aims to support the decarbonization of the planet and foster the development of sustainable systems in the renewable energy and circular chemical economies. Additionally, Ionomr offers chemical engineering services to further support its clients in achieving their operational goals.

Phoenix Molecular Designs

Series A in 2020
Phoenix Molecular Designs Ltd is a biotechnology company focused on developing targeted cancer therapies, particularly small molecule kinase inhibitors. Founded in 2012 and based in Vancouver, Canada, with an additional office in San Diego, California, the company specializes in novel drugs targeting p90 ribosomal S6 kinase (RSK). This specific focus positions Phoenix Molecular Designs as a leader in utilizing RSK as a molecular target for cancer treatment, including breast cancer and Triple Negative Breast Cancer (TNBC). Their innovative platform aims to provide effective options for chemotherapy, hormone therapy, and immunotherapy, thereby addressing various oncology indications and improving outcomes for patients with refractory cancers. The company was founded by Dr. Sandra Dunn, a prominent researcher in the field of breast cancer.

Prescryptive

Series A in 2020
Prescryptive Health, Inc. is a digital health company based in Redmond, Washington, that operates a prescription benefits platform aimed at enhancing accessibility, affordability, and personalization in the medication market. Established in 2017, the company provides a range of services, including the analysis of existing plan designs, recommendations for new plans, and assistance with member enrollment. Its platform offers users, including employers, health plans, providers, pharmacies, and pharmaceutical companies, direct access to unbiased market pricing and essential information about prescribed treatments. This enables patients to understand their out-of-pocket expenses, insurance coverage, and available lower-cost alternatives at the point of care, thereby promoting informed decision-making in the prescription drug market.

Aspect Biosystems

Series A in 2020
Aspect Biosystems Ltd. is a biotechnology company based in Vancouver, Canada, specializing in 3D bioprinting and tissue engineering. Founded in 2013, the company develops advanced living tissues through its proprietary microfluidic 3D bioprinting platform. This technology allows for precise control over biomaterial composition and structure during tissue fabrication, facilitating research in areas such as respiratory diseases. Aspect also provides contract testing services using its 3DAirwayALI human tissue model, catering to pharmaceutical companies and academic institutions. In addition to its core offerings, Aspect is advancing internal programs focused on regenerative medicine, particularly for metabolic diseases and musculoskeletal disorders, while collaborating with industry partners to commercialize bioprinted therapeutics.

Ionomr

Seed Round in 2019
Ionomr Innovations Inc. is a Vancouver-based company specializing in the design, adaptation, and manufacture of advanced ion-exchange membranes and polymer technologies. Founded in 2013, Ionomr focuses on creating environmentally friendly materials that replace toxic fluorinated chemicals often used in electrochemical applications. Its flagship product line, Aemion, is designed for various applications, including water treatment, energy storage, and clean energy generation. The company’s innovative membranes are known for their alkaline stability, strength, and performance, enabling optimal integration into electrochemical systems. By providing solutions that enhance efficiency and reduce environmental impact, Ionomr aims to support the decarbonization of the planet and foster the development of sustainable systems in the renewable energy and circular chemical economies. Additionally, Ionomr offers chemical engineering services to further support its clients in achieving their operational goals.

Phoenix Molecular Designs

Seed Round in 2019
Phoenix Molecular Designs Ltd is a biotechnology company focused on developing targeted cancer therapies, particularly small molecule kinase inhibitors. Founded in 2012 and based in Vancouver, Canada, with an additional office in San Diego, California, the company specializes in novel drugs targeting p90 ribosomal S6 kinase (RSK). This specific focus positions Phoenix Molecular Designs as a leader in utilizing RSK as a molecular target for cancer treatment, including breast cancer and Triple Negative Breast Cancer (TNBC). Their innovative platform aims to provide effective options for chemotherapy, hormone therapy, and immunotherapy, thereby addressing various oncology indications and improving outcomes for patients with refractory cancers. The company was founded by Dr. Sandra Dunn, a prominent researcher in the field of breast cancer.

CTO.ai

Seed Round in 2019
CTO.ai is a serverless infrastructure designed for the needs of fast moving development teams who want to measure what the business cares about. Our Commands, Pipelines, Services and Insights provide all of the tools you need to easily integrate your GitOps and ChatOps workflows, so that you can workflow smarter, not harder.

Damon Motors

Seed Round in 2019
Damon is unleashing the full potential of personal mobility for the world’s commuters. With its proprietary electric drivetrain, the company has developed the world’s safest, smartest, fully connected electric motorcycle platform employing radical innovations in battery propagation resistance, sensor fusion and AI. Designed as a platform for worldwide line extension, Damon motorcycles will ship direct to consumer on subscription plans to drive scale. Based in Vancouver, Canada, Damon is a Techstars Mobility company founded by serial entrepreneurs Jay Giraud and Dom Kwong. Damon’s investors include Round 13 Capital, Techstars, Fontinalis, Extreme Venture Partners and Pallasite Ventures.

Optina Diagnostics

Seed Round in 2018
Optina Diagnostics Inc. is a Canadian company based in Montréal, established in 2010, that focuses on the early detection of Alzheimer’s disease through advanced ocular imaging technology. The company has developed a retinal imaging test that utilizes hyperspectral imaging to identify key biomarkers associated with Alzheimer’s, including beta-amyloid plaques. In addition to Alzheimer’s detection, its imaging systems also aid in diagnosing age-related macular degeneration and ocular diabetic retinopathy. By providing a simple eye exam, Optina's technology enables healthcare professionals to detect and address the underlying causes of memory loss, thereby contributing to improved patient care and outcomes in neurodegenerative diseases.

Keela

Seed Round in 2018
Keela provides technology solutions tailored for small and medium-sized nonprofit organizations that are often underserved by existing options. The company develops a software platform that enables nonprofits to effectively manage various aspects of their operations, including donor relations, volunteer mobilization, project management, and fundraising campaigns. By offering customizable data features, Keela's tools help organizations gain insights into their donor base, optimize campaigns, and maintain detailed donation records. The platform's design focuses on enhancing efficiency and integration of workflows, ultimately saving time and resources for these impact-driven organizations.

Phoenix Molecular Designs

Seed Round in 2018
Phoenix Molecular Designs Ltd is a biotechnology company focused on developing targeted cancer therapies, particularly small molecule kinase inhibitors. Founded in 2012 and based in Vancouver, Canada, with an additional office in San Diego, California, the company specializes in novel drugs targeting p90 ribosomal S6 kinase (RSK). This specific focus positions Phoenix Molecular Designs as a leader in utilizing RSK as a molecular target for cancer treatment, including breast cancer and Triple Negative Breast Cancer (TNBC). Their innovative platform aims to provide effective options for chemotherapy, hormone therapy, and immunotherapy, thereby addressing various oncology indications and improving outcomes for patients with refractory cancers. The company was founded by Dr. Sandra Dunn, a prominent researcher in the field of breast cancer.

Avenue HQ

Seed Round in 2018
We build and maintain the website and digital marketing for your realty business, so you can stay connected with your clients—and attract new ones. As a team of marketers, engineers, and designers, we work together to give REALTORS® something they’ve never had before: The chance to market themselves online, and stand out, supported by the knowledge and tools only a team of experts can provide.

Dooly

Seed Round in 2018
Dooly Research Ltd. is a Canadian company that specializes in developing an artificial intelligence-driven sales enablement platform designed to enhance the efficiency of sales teams. Founded in 2015, the Vancouver-based company offers software that automates the customer relationship management process by capturing, sharing, and organizing essential customer information. The platform facilitates the synchronization of digital notes, fields, and tasks directly with Salesforce, allowing sales and customer success teams to minimize time spent on administrative duties. By streamlining the flow of information from meetings and customer interactions, Dooly enables teams to focus more on closing sales and achieving core business objectives.

Avenue HQ

Seed Round in 2017
We build and maintain the website and digital marketing for your realty business, so you can stay connected with your clients—and attract new ones. As a team of marketers, engineers, and designers, we work together to give REALTORS® something they’ve never had before: The chance to market themselves online, and stand out, supported by the knowledge and tools only a team of experts can provide.

Klue

Seed Round in 2017
B2B SaaS providing market and competitive intelligence. Helps sales, and the teams that enable them, leverage competitive intelligence to win more business. It was founded in 2015 by Jason Smith and Sarathy Naicker and is headquartered in Vancouver, Canada.

ViralGains

Series B in 2017
ViralGains, Inc. operates a video marketing platform aimed at enhancing the advertising experience for brands and consumers. Founded in 2012 and headquartered in Boston, the company focuses on enabling advertising agencies and brands to connect with their target audiences through engaging video content. By integrating videos into various online environments such as blogs, social games, and social news, ViralGains facilitates two-way conversations between brands and consumers. This approach allows marketers to gather insights into consumer preferences and sentiments, ultimately helping them tailor their messaging to generate awareness, motivate intent, and influence purchase decisions. The platform measures consumer interactions with video content, enhancing the overall effectiveness of marketing strategies.

Aspect Biosystems

Venture Round in 2017
Aspect Biosystems Ltd. is a biotechnology company based in Vancouver, Canada, specializing in 3D bioprinting and tissue engineering. Founded in 2013, the company develops advanced living tissues through its proprietary microfluidic 3D bioprinting platform. This technology allows for precise control over biomaterial composition and structure during tissue fabrication, facilitating research in areas such as respiratory diseases. Aspect also provides contract testing services using its 3DAirwayALI human tissue model, catering to pharmaceutical companies and academic institutions. In addition to its core offerings, Aspect is advancing internal programs focused on regenerative medicine, particularly for metabolic diseases and musculoskeletal disorders, while collaborating with industry partners to commercialize bioprinted therapeutics.

Damon Motors

Convertible Note in 2017
Damon is unleashing the full potential of personal mobility for the world’s commuters. With its proprietary electric drivetrain, the company has developed the world’s safest, smartest, fully connected electric motorcycle platform employing radical innovations in battery propagation resistance, sensor fusion and AI. Designed as a platform for worldwide line extension, Damon motorcycles will ship direct to consumer on subscription plans to drive scale. Based in Vancouver, Canada, Damon is a Techstars Mobility company founded by serial entrepreneurs Jay Giraud and Dom Kwong. Damon’s investors include Round 13 Capital, Techstars, Fontinalis, Extreme Venture Partners and Pallasite Ventures.

Blue Mesa Health

Seed Round in 2017
Blue Mesa Health Inc., digital therapeutics company, develops and operates a platform to deliver diabetes prevention program. The company offers Transform, which is a digital health platform that helps in reversing prediabetes through health coaching and support. It product caters to healthcare sector. The company was founded in 2015 and is based in New York, New York. As of January 9, 2020, Blue Mesa Health Inc. operates as a subsidiary of Virgin Pulse, Inc.

Popular Pays

Series A in 2017
Popular Pays, Inc. operates a platform that connects brands with content creators to facilitate the production of custom content. Founded in 2013 and headquartered in Chicago, Illinois, with an additional location in New York, the company offers a marketplace where brands and creators can collaborate effectively. Its platform includes features like a brief builder, creator profiles, in-app messaging, and API integrations, which streamline communication and campaign management. Popular Pays also has an in-house developed iOS app for creators and a dashboard for brands, providing tools for direct interaction and robust analytics. Additionally, the company partners with social media platforms, enhancing its service offerings for brands looking to engage with creators across various channels.

Prospect Bio

Seed Round in 2016
Prospect Bio designs and develops biosensors for the detection of small molecules. The company is headquartered in Brisbane, California.

Bloomlife

Seed Round in 2016
Bloomlife is a women's health company focused on improving maternal health by addressing significant global challenges. It offers a comprehensive remote maternal care platform that combines connected devices with data analytics to enhance access to care and provide personalized feedback to expectant mothers. Central to Bloomlife's solution is a prenatal wearable device that monitors critical health parameters for both maternal and fetal well-being. This technology helps identify modifiable risk factors, detect abnormalities, and predict potential complications, enabling healthcare providers to manage pregnancies more effectively. By promoting early detection and intervention, Bloomlife aims to support families in achieving a healthy start.

Luxury Garage Sale

Series A in 2016
Luxury Garage Sale, Inc. is a consignment boutique and e-commerce platform based in Chicago, Illinois, specializing in the sale of luxury designer clothing, shoes, handbags, and jewelry. Established in 2010, the company offers a curated selection of high-end fashion items, including bags, dresses, jackets, accessories, and costume jewelry, ensuring a unique shopping experience for consumers. Luxury Garage Sale operates physical stores in Chicago, Highland Park, and Dallas, while also providing an online platform for customers to access standout items from renowned luxury brands. The company focuses on offering luxury fashion at accessible prices through its consignment model, allowing customers to enjoy premium products while promoting sustainability in fashion.

Routific

Seed Round in 2016
Routific, Inc. is a Vancouver-based company that develops an advanced route optimization platform designed for delivery businesses, particularly targeting small and medium-sized enterprises in Canada and internationally. The platform features intelligent route optimization, dispatch capabilities, live tracking, and delivery notifications, which collectively help businesses reduce delivery costs, enhance driver efficiency, and improve customer satisfaction. By employing a proprietary algorithm, Routific enables last-mile delivery fleets to save up to 40% on time and fuel, establishing itself as a leading solution in the logistics sector. The company has attracted investment from notable firms including Techstars Chicago, Pallasite Ventures, Firestarter Fund, and Axiom Zen.

ViralGains

Series A in 2016
ViralGains, Inc. operates a video marketing platform aimed at enhancing the advertising experience for brands and consumers. Founded in 2012 and headquartered in Boston, the company focuses on enabling advertising agencies and brands to connect with their target audiences through engaging video content. By integrating videos into various online environments such as blogs, social games, and social news, ViralGains facilitates two-way conversations between brands and consumers. This approach allows marketers to gather insights into consumer preferences and sentiments, ultimately helping them tailor their messaging to generate awareness, motivate intent, and influence purchase decisions. The platform measures consumer interactions with video content, enhancing the overall effectiveness of marketing strategies.

Dabble

Venture Round in 2015
Dabble Inc. is a community marketplace based in Chicago, Illinois, that connects individuals seeking to teach, discover, and host affordable in-person classes. Founded in 2011, Dabble facilitates a diverse array of classes covering topics such as arts, culinary skills, fitness, technology, and entrepreneurship. The platform allows teachers, who are often passionate experts, to list their classes easily, providing them with a means of generating income and reaching a wider audience. Participants can explore unique local experiences, enhancing their learning without the commitment of traditional education. Dabble also supports local businesses by enabling them to host relevant classes, thereby increasing their exposure and driving additional revenue. The online portal streamlines the process for both instructors and learners, fostering a community of curious individuals eager to expand their skills and knowledge.

RedSeal

Series C in 2015
RedSeal develops security risk management (SRM) software and solutions and helps companies eliminate cyber threats. RedSeal was founded in 2004, helps Global 2000 organizations defend their critical digital assets. RedSeal gets ahead of cyber criminals by calculating every possible internal and external “attack path” to the most valuable network assets – before they do. Customers get a prioritized list of the most vulnerable paths to their most valuable assets. More than 200 corporations and government agencies worldwide have RedSealed their networks, including five of the top 50 financial institutions, all of the major security vendors, fifteen of the Fortune 100 retail companies, and a number of US government organizations including the US Army, US Navy, US Postal Service and the FAA. Key commercial customers include Nationwide, Oracle, Cisco and First Data. RedSeal partners with all of the top suppliers of network infrastructure (Cisco, Juniper Networks, Fortinet, Arista, Aruba, Check Point, Palo Alto Networks, F5). Its software integrates with all industry leading security solutions (McAfee, Symantec, Qualys, HP ArcSight, Rapid7, Splunk,Tripwire, MaxPatrol, nMap) as well as with major workflow vendors (ServiceNow, Remedy), providing the most comprehensive validation of network security. RedSeal is backed by prominent venture investors including Venrock, Leapfrog Ventures, Sutter Hill Ventures, JAFCO Ventures, Olympic Venture Partners and In-Q-Tel.

Funnely

Seed Round in 2014
Funnely is a cloud-based platform designed to assist e-commerce marketers in enhancing their Facebook and Instagram advertising campaigns. It enables online store owners to create and optimize ads through a data-driven, conversion-oriented strategy. By automating the management of multiple campaigns and utilizing first-party data, Funnely dynamically optimizes advertising efforts, assigns specific audiences for each campaign, and implements exclusions to prevent audience overlap. This approach helps small and medium-sized businesses reduce their cost per acquisition while increasing their return on investment and overall sales. Through its services, Funnely aims to improve the performance of online advertisements and facilitate audience growth for its users.
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