Purple Angel

Purple Angel is a venture capital firm focused on investments in the communications and infrastructure sectors. It was formed in early 2001 by several retired alumni of Bell Northern Research (BNR). To date, Purple Angel has invested in 29 companies, all but two in the National Capital Region.

Hicham Adra

Investment Professional

Rod Anderson

Investment Professional

Hamid Arabzadeh

Investment Professional

Gordon Buchan

Investment Professional

Cesar Cesaratto

Investment Professional

Rich Cowper

Investment Professional

Seth Homayoon

Investment Professional

Greg Klowak

Investment Professional

Mahshad Koohgoli Ph.D

Executive

Jim McGee

Investment Professional

George Smyth

Investment Professional

Yves Tremblay

Investment Professional

Rob Wood

Investment Professional

22 past transactions

Rarelogic

Seed Round in 2014
RareLogic Inc. provides an automated predictive email marketing solution for online retailers. The company’s email marketing solution provides predictive email recommendations and delivery, customer list builder, automated event-based mail outs, store reports and analytics, and ecommerce integration features, as well as drag-and-drop email designer, newsletter prospect support, and customer support features. RareLogic Inc. was founded in 2009 and is based in Ottawa, Canada.

Triacta Power Technologies

Venture Round in 2006
Triacta Power Technologies Inc. designs, manufactures, and sells energy management meters for applications in multi-unit commercial, institutional, residential, government, and industrial market sectors. The company was founded in 2003 and is based in Carleton Place, Canada with sales offices in Canada and the United States. As of July 15, 2015, Triacta Power Technologies Inc. operates as a subsidiary of EnerCare Connections Inc.

The Better Software Company

Pre Seed Round in 2015
The Better Software Company was developed to help businesses become better. The Better Software was created by an entrepreneur with 25 years of experience in starting and operating multiple businesses and a masterful software engineer with the know-how to create software that is intuitive, fast and efficient.

Protecode

Venture Round in 2010
Protecode Incorporated is a software company specializing in open source licensing and vulnerability management solutions. Protecode offers its products and services throughout the world through a network of partners in the Americas, Europe, the Middle-East and Asia. Protecode solutions help with managed adoption of open source software, accelerating development, reducing development costs, improving software quality, identifying security vulnerabilities, and removing Intellectual Property uncertainties. Protecode products can detect and manage open source and other third party content in a software portfolio at any stage of the software development life cycle. Protecode products and services help organizations implement a structured open source software adoption and management process and have been adopted by hundreds of software organizations worldwide in industries as diverse as gaming, mobile apps, financial, embedded software, semiconductors, communications, avionics, military, software services and eHealth. Thanks to the highly scalable architecture and business model, Protecode products have been adopted by global tier one companies with over 100,000 employees, and by organizations with as few as ten people. Protecode delivers solutions that are fast, accurate, complete, affordable, and usable by stakeholders in an organization. Protecode products are easy to adopt, install, use and support.

Atsana Semiconductor

Venture Round in 2001
Atsana's initial market focus is on media processor solutions for wireless media (video, image and audio) applications. Atsana's media processors enable wireless smart phones and PC /network cameras, to deliver multimedia applications such as multimedia messaging, interactive video communications, video streaming and other future media rich content without sacrificing battery life or performance. Atsana's solution fits consumer electronic OEMs growing needs for lower power, higher resolution and programmability. At the heart of Atsana's media processors is a massively parallel, highly scalable, low-power architecture. The patent pending architecture integrates thousands of processing elements into an array of Random Access Memory (RAM). Atsana's media processors deliver the muscle required for encoding or decoding to standards such as MPEG-4, MJPEG or JPEG2000. Atsana provides a total solution including a full suite of algorithms and a software developer's kit for third party developers to create their own applications. Atsana's architecture offers significant power savings by processing media data intelligently, in a massively parallel manner. The achieved efficiencies are critical given the processing demands media applications place on wireless appliances. Because Atsana's processors are programmable they empower OEMs to evolve their products in line with consumers' changing requirements for new applications and higher performance. Atsana's management team is composed of seasoned technology professionals. Alex Leupp, PhD, President and CEO of Atsana, has a diversified and proven track record in the semiconductor industry. During his six years as President and Chief Executive Officer of Siemens Microelectronics Inc., Mr. Leupp managed a multi-faceted organization of about 2,500 employees. Most recently, Mr. Leupp was President and Chief Executive Officer of 3dfx Interactive, a high performance graphics chip manufacturer. Michael Krause, Atsana's COO, brings 19 years of semiconductor industry experience to the company. Most recently, Mr. Krause served as Executive VP at Tundra Semiconductor. Steve Farnow, PhD, VP of Operations, brings 25 years of semiconductor operations experience from Intel and TI, and most recently as VP of Operations at Hi/fn. Atsana has raised US $16M in financing from semiconductor and wireless focused VCs including Stata Venture Partners (Boston, MA), Atsana's Series A round lead financer. Other investors include the Viterbi Group (San Diego, CA), BDC (Ottawa, ON), Entrust Capital (New York, NY), Primaxis Technology Ventures (Toronto, ON) and the Topol Group (Boston, MA).

Legitmix

Angel Round in 2011
Legitmix is the only marketplace for remixed music. The current music licensing system makes it next to impossible to sell countless popular remixes and mashups, leaving a massive market untapped. Legitmix provides a technological alternative that allows remixers to sell their work and get the artists they remix get credited and paid. Legitmix serves the millions of people who buy remixes for their enjoyment or for an activity (DJing, dance routine, exercise class). Hypebot described Legitmix as “one of the most innovative offerings to date." MIT Technology Review noted Legitmix's "innovation is the replacement of the old process – lawyers, contracts, permissions – with a straightforward API.” Thousands of remixers including prominent DJs Diplo and Earworm sell their remixes on Legitmix.

Natural Convergence

Series B in 2004
Natural Convergence, Inc. supplies hosted voice over Internet protocol (VoIP) software for service providers supporting the small business market. The company develops and markets silhouette, a VoIP hosted software for telecom carriers and service providers. It offers services ranging from customizable training, professional services, project management, starter bundle selections, and a channel program. The company serves customers in Canada, the United States, the United Kingdom, the Netherlands, and the Caribbean. Natural Convergence, Inc. was founded in 2001 and is headquartered in Ottawa, Canada.

Natural Convergence

Series C in 2006
Natural Convergence, Inc. supplies hosted voice over Internet protocol (VoIP) software for service providers supporting the small business market. The company develops and markets silhouette, a VoIP hosted software for telecom carriers and service providers. It offers services ranging from customizable training, professional services, project management, starter bundle selections, and a channel program. The company serves customers in Canada, the United States, the United Kingdom, the Netherlands, and the Caribbean. Natural Convergence, Inc. was founded in 2001 and is headquartered in Ottawa, Canada.

Privacy Analytics

Venture Round in 2012
Privacy Analytics allows healthcare organizations to quickly and easily apply a responsible de-identification methodology that ensures individual privacy and legal compliance.

IRYSTEC

Series A in 2018
IRYSTEC is a startup company, incubated at TandemLaunch Inc., leading the perceptual computational display technology. Our talented team of scientists and engineers along with our excellent advisory board in computer vision, physics and human visual system (HVS) are revolutionizing the natural visual experience of the future. IRYSTEC builds ambient intelligent, perceptual software products customized for every individual. We make your displays look the best to you.

Energate

Seed Round in 2006
Energate Inc. develops home energy management controls and systems. Its products include thermostats, energy displays, load switches, and peripherals. The company serves AMI, utility, service, home automation, and HVAC companies. Energate Inc. was founded in 2004 and is headquartered in Ottawa, Canada with sales offices in Texas and California.

The Better Software Company

Seed Round in 2015
The Better Software Company was developed to help businesses become better. The Better Software was created by an entrepreneur with 25 years of experience in starting and operating multiple businesses and a masterful software engineer with the know-how to create software that is intuitive, fast and efficient.

LiveQoS

Venture Round in 2008
LiveQoS, formerly iPeak Networks, has IPQ™ to find and fix the problems on any wired and wireless network. This guarantees the best video and virtualization experience for smartphones, tablets, laptops and thin clients. The company’s IPQ™ technology enables OEMs to optimize the network quality to suit the exact requirements of specific network-based applications, platforms or environments. OEMs are facing daunting challenges as both the consumer and the enterprise migrate away from the reliability and predictability of the desktop-and-LAN paradigm. They are moving towards mobile devices (laptops, tablets, smartphones) that are running increasingly demanding, high bandwidth applications (video chat, video streaming, VDI) over the wired LAN, WiFi, 3G/4G, and the public Internet. The confluence of these three megatrends – real-time, mobility, and multiple networks – is driving the new requirement for application-specific network QoS solutions. IPQ™ is a framework and an evolving set of powerful technologies that maximize the quality of controlled and uncontrolled networks according to actual link conditions and actual application requirements. IPQ™ enables applications to run as-designed in network environments where the application would otherwise fail or the user would suffer unsatisfactory Quality of Experience (QoE). IPQ™ is the only commercially available solution that meets these requirements.

Natural Convergence

Series A in 2002
Natural Convergence, Inc. supplies hosted voice over Internet protocol (VoIP) software for service providers supporting the small business market. The company develops and markets silhouette, a VoIP hosted software for telecom carriers and service providers. It offers services ranging from customizable training, professional services, project management, starter bundle selections, and a channel program. The company serves customers in Canada, the United States, the United Kingdom, the Netherlands, and the Caribbean. Natural Convergence, Inc. was founded in 2001 and is headquartered in Ottawa, Canada.

Recognia

Venture Round in 2007
Recognia is the worldwide leader in quantitative and technical analysis. Our actionable technical, fundamental and value-based analytics help retail online brokers to monetize their investor accounts and institutional professionals to optimize their trading strategies. Our compelling product suite increases engagement and activity by offering dynamic and action-oriented trading ideas and decision support - from idea generation, research analysis, picking exit/entry points, continual monitoring and investor education. Recognia provides research from more than 85 exchanges worldwide on stocks, options, ETFs, indices, forex, commodities and futures. Founded in 2000 in Canada’s National Capital region of Ottawa, Recognia today has more than 20 million provisioned accounts worldwide, with products servicing the largest and most successful institutions, stock exchanges and online brokerage firms, including Bloomberg, Scottrade, Fidelity, Charles Schwab, TD, Merrill Edge, Kotak Securities, and many more.

iWatchLife

Angel Round in 2010
iWatchLife is a technology solutions distributor that offers cloud-based video analytics to OEM IP camera markets which makes it affordable, scalable, and easy to use. It also offers its users with event classification APIs, cloud storage APIs, and web and mobile interface. It is a patent-protected, portable, DIY cloud video monitoring system that provides subscribers with specific notifications about what matters to them and reduces false alerts. iWatchLife is a U.S.-based company that was founded in 2008.

DragonRAD

Series A in 2009
DragonRAD is provided by Seregon Solutions Inc., a provider of mobile enterprise application platform software. Seregon’s experience in developing access solutions for wireless handheld devices resulted in the creation of DragonRAD, which enables developers to build custom enterprise applications quickly and at low cost.

Origin BioMed

Venture Round in 2007
Origin BioMed is a Canadian company that manufactures over-the-counter consumer health products at therapeutic levels. The company produces Neuragen, a non-prescriptive topically applied homeopathic drug used to relieve nerve pain caused by various conditions, including diabetic nerve pain, post-shingles pain, and chronic nerve pain. Origin BioMed’s products are available in pharmacies in Canada and the United States, as well as online. It was founded in 2001 and is based in Halifax, Nova Scotia.

eBillme

Venture Round in 2006
eBillme™ is the most secure way to pay online and the only online payment solution that extends the convenience of online banking to the merchant’s checkout process. The service enhances security for online shoppers, and enables merchants to increase sales while reducing transaction costs. Consumers can shop online and pay for their purchases at their bank, credit union, or bill pay portal using the security and convenience of online banking or by paying the bill at over 75,000 walk-in locations. eBillme is available at ober 800+ online retailers including Sears, Kmart, TigerDirect, ShoeBuy, and more. For more information, please visit www.eBillme.com.

Spoonity

Seed Round in 2015
Spoonity provides a white labelled, POS-integrated loyalty platform for small to medium sized restaurants. In addition to a loyalty program, we offer mobile pay, segmented marketing campaigns, and big data analytics to help merchants understand their customers. The value of the service extends far beyond simple loyalty; it offers an unprecedented way to collect and analyze POS data for restaurants.

DNA Genotek

Venture Round in 2001
DNA Genotek Inc. provides biological sample collection, stabilization, and preparation products for health research institutes. The company provides human products, such as DNA collection kits, RNA collection kits, stabilization reagents, and preparation reagents; and animal products, which include DNA collection kits and preparation reagents. It also offers mailing accessories, and accessories for assisted collection; and various customization options, such as branding and packaging, barcoding, and French labeling and packaging. The company offers genomic services that include nucleic acid extraction, SNP genotyping, PCR-based assays, whole genome and targeted sequencing, array-based SNP and expression profiling, custom assay development, and bioinformatic analysis, as well as support, analysis, and reporting. DNA Genotek Inc. offers its services in the areas of academic research, clinical diagnostics, micribiome, infectious diseases, biobanking, animal genetics, and HLA typing through sales representatives or service coordinators worldwide. The company was founded in 1998 and is based in Kanata, Canada. As of August 17, 2011, DNA Genotek Inc. operates as a subsidiary of OraSure Technologies, Inc