Panache Ventures

Panache Ventures is a venture capital firm established in 2018 and headquartered in Montréal, Canada, with additional offices in Calgary, Vancouver, Toronto, and San Francisco. The firm specializes in pre-seed and seed-stage investments, focusing on sectors that leverage Canada's strengths, including artificial intelligence, fintech, digital health, enterprise software, and blockchain technology. Panache Ventures aims to support innovative startups across various industries such as cybersecurity, e-commerce, healthcare, and virtual reality, primarily within Canada. The firm typically makes initial investments of up to USD 1 million in early-stage companies, helping them navigate the challenges of growth and development.

Dan Belostotsky

Venture Partner

Mukund Chopra

Venture Partner

Timothy Kwok

Associate

Scott Loong

Partner

Patrick Lor

Partner

Prashant Matta

Partner

Domenic Del Vecchio

Associate

Sarah Willson

Associate

Past deals in Toronto

Odaia

Series B in 2023
ODAIA Intelligence Inc. is a Canadian company that specializes in developing an artificial intelligence-based platform for customer engagement analysis. Founded in 2018 and headquartered in Toronto, ODAIA offers a cloud-based software as a service (SaaS) platform that enables enterprise clients to automate the mapping of customer touchpoints and journeys. Utilizing advanced techniques in big data mining, process journey mapping, and machine learning, the platform provides insights into customer behavior, predicts future actions, and identifies potential churn. ODAIA simplifies data ingestion and normalization from various sources, offering an intuitive dashboard for visualizing insights and predictions. The company was established by a team of academics and industry professionals, including members from the University of Toronto and the University of Lausanne, whose research has been widely recognized in the field.

Moves

Seed Round in 2022
Developer of financial services platform designed to help independent workers achieve their financial goals. The company's platform offers to track, manage, and access your money all from one account, helping gig workers manage their business and work towards getting ahead together.

SPATULA Foods

Pre Seed Round in 2022
Operator of a subscription-based platform intended to provide restaurant-quality frozen dishes. The company's products are made with quality ingredients, flash-frozen to preserve texture, can be prepared within a few minutes, and have chef partnerships, enabling chefs with an avenue to monetize outside of restaurants.

Mayday

Seed Round in 2022
MAYDAY LABS INC. designs and develops wellness and productivity software solutions. The company offers calendar scheduling assistant solutions, including automatic travel time scheduling. MAYDAY LABS INC. was incorporated in 2018 and is based in Toronto, Canada.

Odaia

Series A in 2022
ODAIA Intelligence Inc. is a Canadian company that specializes in developing an artificial intelligence-based platform for customer engagement analysis. Founded in 2018 and headquartered in Toronto, ODAIA offers a cloud-based software as a service (SaaS) platform that enables enterprise clients to automate the mapping of customer touchpoints and journeys. Utilizing advanced techniques in big data mining, process journey mapping, and machine learning, the platform provides insights into customer behavior, predicts future actions, and identifies potential churn. ODAIA simplifies data ingestion and normalization from various sources, offering an intuitive dashboard for visualizing insights and predictions. The company was established by a team of academics and industry professionals, including members from the University of Toronto and the University of Lausanne, whose research has been widely recognized in the field.

Relay

Series A in 2021
Relay Financial Technologies Inc. offers online banking solutions tailored for U.S. corporations, LLCs, general partnerships, and sole proprietors. Founded in 2018 and headquartered in Toronto, Canada, the company provides checking accounts and MasterCard debit cards to streamline financial management for business owners. Relay facilitates collaboration among team members, allowing them to manage banking tasks, pay bills, and oversee expenses efficiently. Users can open accounts quickly, issue corporate cards instantly, and automate accounts payable processes, enhancing financial visibility. Relay's services are accessible on various platforms, including iPhone, Android, and any internet-enabled device, catering to businesses across the United States, Canada, the United Kingdom, Australia, and beyond.

Forma

Series A in 2021
Forma AI, Incorporated is a Toronto-based information technology company that specializes in software solutions for managing sales incentives and compensation within organizations. Founded in 2016, the company offers several products, including Forma Operator, which facilitates commission compensation processing; Forma Responder, which oversees variable compensation; and Forma Interpreter, which provides visualization, reporting, and updating of sales payouts. Through these offerings, Forma aims to streamline and enhance the management of sales compensation, helping organizations optimize their incentive structures.

Odaia

Seed Round in 2020
ODAIA Intelligence Inc. is a Canadian company that specializes in developing an artificial intelligence-based platform for customer engagement analysis. Founded in 2018 and headquartered in Toronto, ODAIA offers a cloud-based software as a service (SaaS) platform that enables enterprise clients to automate the mapping of customer touchpoints and journeys. Utilizing advanced techniques in big data mining, process journey mapping, and machine learning, the platform provides insights into customer behavior, predicts future actions, and identifies potential churn. ODAIA simplifies data ingestion and normalization from various sources, offering an intuitive dashboard for visualizing insights and predictions. The company was established by a team of academics and industry professionals, including members from the University of Toronto and the University of Lausanne, whose research has been widely recognized in the field.

Relay

Venture Round in 2020
Relay Financial Technologies Inc. offers online banking solutions tailored for U.S. corporations, LLCs, general partnerships, and sole proprietors. Founded in 2018 and headquartered in Toronto, Canada, the company provides checking accounts and MasterCard debit cards to streamline financial management for business owners. Relay facilitates collaboration among team members, allowing them to manage banking tasks, pay bills, and oversee expenses efficiently. Users can open accounts quickly, issue corporate cards instantly, and automate accounts payable processes, enhancing financial visibility. Relay's services are accessible on various platforms, including iPhone, Android, and any internet-enabled device, catering to businesses across the United States, Canada, the United Kingdom, Australia, and beyond.

OnCall Health

Series A in 2020
OnCall Health is a virtual care platform that is licensed to healthcare providers to use with their patients. Founded in 2016, the company provides technology and services including security, support, analytics, and white label branding to more than 300 healthcare organizations.

FleetOps

Seed Round in 2020
FleetOps is a freight marketplace based in Toronto, Canada, founded in 2014. The company has developed an application that connects freight from brokers and shippers, automating the allocation of loads to truck drivers. By leveraging data from telematics providers, FleetOps gathers extensive information on vehicle locations, typical routes, idle times, and driver behavior. This data is processed using AI and machine learning algorithms to identify the most suitable loads for each driver. Drivers interact with the system through a mobile application, which is required for compliance with electronic logging device regulations. In addition to facilitating load matching, FleetOps provides tailored analytics and key performance indicators specific to carrier trucking operations, enhancing efficiency and decision-making in logistics.

Lane

Series A in 2020
Lane provides a workplace management platform that enhances community, connectivity, and engagement within office environments. The company's SaaS-based solution integrates various building systems into a centralized digital platform, allowing for efficient management of employee handbooks, tenant directories, guest registrations, and maintenance updates. By transforming traditional office spaces into connected ecosystems, Lane enables building managers to streamline communication and facilitate access to amenities, services, news, events, and notices, thereby fostering a collaborative and engaging workplace experience for tenants and employees alike.

Swyft

Seed Round in 2020
ShipSwyft Inc. develops same day delivery application that connects merchants to existing courier networks. It serves ecommerce brands with postal zone calculation, multiple fulfillment options, and real-time address verification. The company offers rapid deployment, improve customer experience, and dynamic supply to meet demand serves to retailers and it offers integration with shipping API, quality of service, and ease of execution service to 3PL and distributors. ShipSwyft Inc. was founded in 2020 and is based in Toronto, Canada.

Lilia

Seed Round in 2020
Lilia provides end to end fertility support to women. It offers a diagnostic test for fertility hormone testing from home; and a resource hub that connects parents with fertility specialists and provides information on how to navigate reproductive issues. Lilia is headquartered in Toronto, Canada.

Roost

Pre Seed Round in 2019
Roost Living, Inc. provides property management and co-living spaces solutions. The company designs, furnishes, and leases properties to professionals and families. It also provides building repair services. The company was incorporated in 2018 and is based in Toronto, Canada.

Mayday

Pre Seed Round in 2019
MAYDAY LABS INC. designs and develops wellness and productivity software solutions. The company offers calendar scheduling assistant solutions, including automatic travel time scheduling. MAYDAY LABS INC. was incorporated in 2018 and is based in Toronto, Canada.

Kora

Seed Round in 2019
Korapay offers a payment engine that enables local and global businesses to send and accept payments. The company was founded in 2017 and is headquartered in Toronto, Ontario.

Odaia

Seed Round in 2019
ODAIA Intelligence Inc. is a Canadian company that specializes in developing an artificial intelligence-based platform for customer engagement analysis. Founded in 2018 and headquartered in Toronto, ODAIA offers a cloud-based software as a service (SaaS) platform that enables enterprise clients to automate the mapping of customer touchpoints and journeys. Utilizing advanced techniques in big data mining, process journey mapping, and machine learning, the platform provides insights into customer behavior, predicts future actions, and identifies potential churn. ODAIA simplifies data ingestion and normalization from various sources, offering an intuitive dashboard for visualizing insights and predictions. The company was established by a team of academics and industry professionals, including members from the University of Toronto and the University of Lausanne, whose research has been widely recognized in the field.

Lilia

Pre Seed Round in 2019
Lilia provides end to end fertility support to women. It offers a diagnostic test for fertility hormone testing from home; and a resource hub that connects parents with fertility specialists and provides information on how to navigate reproductive issues. Lilia is headquartered in Toronto, Canada.

Lane

Seed Round in 2019
Lane provides a workplace management platform that enhances community, connectivity, and engagement within office environments. The company's SaaS-based solution integrates various building systems into a centralized digital platform, allowing for efficient management of employee handbooks, tenant directories, guest registrations, and maintenance updates. By transforming traditional office spaces into connected ecosystems, Lane enables building managers to streamline communication and facilitate access to amenities, services, news, events, and notices, thereby fostering a collaborative and engaging workplace experience for tenants and employees alike.

OnCall Health

Seed Round in 2019
OnCall Health is a virtual care platform that is licensed to healthcare providers to use with their patients. Founded in 2016, the company provides technology and services including security, support, analytics, and white label branding to more than 300 healthcare organizations.

MedStack

Seed Round in 2019
MedStack, Inc. operates a comprehensive cloud developer platform tailored for healthcare applications, enabling developers to create compliant and secure solutions. Founded in 2015 and based in Toronto, Canada, the company offers industry-specific data APIs and automated cloud hosting to ensure privacy compliance and interoperability with Electronic Health Record systems. MedStack's platform is built on high security standards and is designed for flexibility, supporting a variety of application, database, and deployment configurations. It provides tools that include a compliant, standards-oriented cloud database and healthcare workflow components, facilitating identity management, data acquisition, storage, and messaging. This infrastructure allows innovators to build, launch, and scale healthcare applications efficiently while adhering to stringent regulatory requirements. MedStack's solutions are utilized in various applications, including chronic disease management, healthcare workflow, monitoring, and billing, leveraging advanced technologies such as AI, mobile, blockchain, and VR/AR.

FleetOps

Seed Round in 2018
FleetOps is a freight marketplace based in Toronto, Canada, founded in 2014. The company has developed an application that connects freight from brokers and shippers, automating the allocation of loads to truck drivers. By leveraging data from telematics providers, FleetOps gathers extensive information on vehicle locations, typical routes, idle times, and driver behavior. This data is processed using AI and machine learning algorithms to identify the most suitable loads for each driver. Drivers interact with the system through a mobile application, which is required for compliance with electronic logging device regulations. In addition to facilitating load matching, FleetOps provides tailored analytics and key performance indicators specific to carrier trucking operations, enhancing efficiency and decision-making in logistics.

Wisk

Pre Seed Round in 2016
Wisk Solutions Inc. is a Toronto-based company that specializes in developing and selling software designed to manage alcoholic operations. Founded in 2014, Wisk's software facilitates inventory management, consumption analysis, product pricing, and the optimization of purchase orders. Its clients include a variety of establishments such as hotels, clubs, restaurants, and bars. The software aims to enhance operational efficiency by reducing the time required for inventory counting and data compilation, thereby providing users with a more accurate and precise inventory solution.
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