Purple Angel is a venture capital firm established in early 2001 by retired alumni of Bell Northern Research. Based primarily in the Ottawa-Gatineau region, the firm focuses on investments in the communications and infrastructure sectors. Purple Angel has invested in 29 companies, primarily those that have reached cash break-even and require expansion capital. With a strong emphasis on fostering local entrepreneurship, the firm aims to support the growth of innovative businesses within its region.
Faurecia IRYStec Inc., based in Montreal, Canada, specializes in perceptual display technology solutions for the automotive industry. Founded in 2015, the company develops a customizable software platform known as PDP Vision, which integrates seamlessly into various automotive display systems, including instrument clusters and head-up displays. Their product offerings include IRYStec DRIVEvue, which enhances display visibility under bright lighting conditions, and IRYStec MYvue, a viewer intelligence solution that optimizes content presentation for individual users. By leveraging advanced algorithms, Faurecia IRYStec's technology adapts display characteristics in real-time, ensuring a safe and efficient viewing experience. In May 2020, the company rebranded from IRYSTEC to Faurecia IRYStec Inc. and now operates as a subsidiary of Faurecia S.E.
Spoonity
Seed Round in 2015
Spoonity Inc. is a Canadian company based in Ottawa that specializes in developing an online loyalty platform for the food and beverage industry, particularly targeting quick-service restaurants (QSRs). Founded in 2011, Spoonity empowers businesses to create and manage customer rewards programs through a comprehensive suite of tools. Its platform offers customizable rewards programs, intuitive management dashboards, and integrations with point-of-sale systems and payment gateways. Additionally, Spoonity provides 360-degree customer data insights and a marketing toolkit designed to enhance customer engagement. By leveraging innovative technology and artificial intelligence, Spoonity aims to drive revenue growth and brand success for its clients in the competitive restaurant landscape.
The Better Software Company
Pre Seed Round in 2015
The Better Software Company specializes in developing cloud-based software designed to enhance franchise management services. Founded by an entrepreneur with 25 years of experience and a skilled software engineer, the company focuses on creating intuitive, fast, and efficient software solutions. Its offerings include a range of services such as reporting, text messaging, scheduling, invoicing, sales and marketing tools, customer relationship management, and work order processing. By providing these comprehensive services, The Better Software Company enables clients to streamline their operations and improve overall business performance.
RareLogic
Seed Round in 2014
RareLogic Inc. offers an automated predictive email marketing solution tailored for online retailers. Founded in 2009 and based in Ottawa, Canada, the company’s platform utilizes customer data to enhance marketing efforts, enabling businesses to create effective product campaigns. Features include automated event-based email dispatches, predictive email recommendations, and an intuitive drag-and-drop email designer. Additionally, the solution integrates e-commerce functionalities and provides analytics and reporting tools, allowing retailers to optimize their email strategies. RareLogic's approach aims to increase email click-through rates and foster stronger customer relationships, ultimately driving repeat business for its clients.
Privacy Analytics
Venture Round in 2012
Privacy Analytics Inc. specializes in data anonymization software tailored for healthcare organizations, insurance providers, and medical device manufacturers. The company provides solutions that enable the responsible de-identification of both structured and unstructured personal data, facilitating various secondary uses such as research, public health analysis, and marketing while ensuring individual privacy and legal compliance. Its flagship product, PARAT, integrates de-identification and data masking capabilities for clinical and health claims databases. Additionally, Privacy Analytics offers a range of tools, including text anonymization software and an online risk assessment tool to streamline data sharing agreements. The company also provides services such as re-identification risk assessments and anonymization methodology training. Founded in 2007 and based in Ottawa, Canada, Privacy Analytics operates as a subsidiary of IQVIA Holdings Inc.
Legitmix
Angel Round in 2011
Legitmix operates a unique online marketplace for remixed music, addressing the challenges posed by traditional music licensing that often hinders the sale of popular remixes and mashups. By providing a technological solution, Legitmix enables remixers to sell their work while ensuring that original artists receive appropriate credit and compensation. This platform caters to a broad audience, including those who enjoy remixes for personal use or activities such as DJing, dance routines, and exercise classes. Notable DJs like Diplo and Earworm have embraced the platform, highlighting its innovative approach to music creation and sharing. Legitmix streamlines the remixing process, replacing complex legal arrangements with a user-friendly API, making it accessible for both creators and consumers alike.
iWatchlife
Angel Round in 2010
iWatchLife is a U.S.-based technology solutions distributor founded in 2008, specializing in cloud-based video analytics for the OEM IP camera market. The company provides a patent-protected, portable, do-it-yourself cloud video monitoring system that allows users to monitor various aspects of their lives, including homes, families, pets, and vacation properties, from any device and location. Its platform is designed to deliver specific notifications tailored to user preferences, effectively reducing false alerts. In addition to its monitoring capabilities, iWatchLife offers event classification APIs and cloud storage APIs, enhancing the usability and scalability of its services.
Protecode
Venture Round in 2010
Protecode Incorporated is a software company that specializes in open source licensing and vulnerability management solutions. The company provides tools that help organizations manage open source software adoption, accelerating development while reducing costs and improving software quality. Protecode's products can identify security vulnerabilities and clarify intellectual property concerns within software portfolios at any stage of the development life cycle. Serving a diverse range of industries, including gaming, finance, and military, Protecode's solutions have been embraced by numerous organizations worldwide, from large enterprises to small teams. The company’s highly scalable architecture allows for easy adoption and integration of its products, which are designed to be fast, accurate, and user-friendly for various stakeholders.
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.
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.
Recognia
Venture Round in 2007
Recognia is a leading provider of quantitative and technical analysis, specializing in actionable investment research products for retail online brokers and institutional professionals. Established in 2000 in Ottawa, Canada, the company offers a comprehensive suite of tools designed to enhance trading strategies by generating dynamic trading ideas, facilitating research analysis, and providing decision support for entry and exit points. Recognia's services are designed to increase user engagement and activity across more than 85 global exchanges, covering a wide range of financial instruments, including stocks, options, ETFs, indices, forex, commodities, and futures. With over 20 million provisioned accounts worldwide, Recognia collaborates with major institutions and online brokerage firms, delivering solutions that automate and optimize the investment decision-making process.
Natural Convergence
Series C in 2006
Natural Convergence, Inc. is a company that specializes in providing hosted voice over Internet Protocol (VoIP) software tailored for service providers catering to the small business market. Founded in 2001 and headquartered in Ottawa, Canada, the company develops and markets its flagship product, Silhouette, which is designed for telecom carriers and service providers. In addition to its software solutions, Natural Convergence offers a range of services including customizable training, professional services, project management, and a channel program to enhance user experience and support. The company serves a diverse clientele across Canada, the United States, the United Kingdom, the Netherlands, and the Caribbean.
Triacta Power Technologies
Venture Round in 2006
Triacta Power Technologies Inc. specializes in the design, manufacture, and sale of energy management meters and smart submetering products. Founded in 2003 and headquartered in Carleton Place, Canada, the company serves various sectors, including commercial, institutional, residential, government, and industrial markets. Triacta's offerings include revenue-grade electrical submeters, current transformers, converters, and meter management software, which help facility managers and property owners monitor, benchmark, verify, and bill for energy consumption. By providing these tools, Triacta enables clients to effectively manage and reduce their energy usage. As of 2015, Triacta operates as a subsidiary of EnerCare Connections Inc., with sales presence in both Canada and the United States.
eBillme
Venture Round in 2006
eBillme is an online payment service that enhances the security of online shopping by allowing consumers to utilize their online banking for purchases. It offers a unique cash payment option that can be processed at banks, credit unions, or bill pay portals, as well as at over 75,000 walk-in locations. This approach not only provides a secure transaction method for shoppers but also helps merchants reduce transaction costs and potentially increase sales. eBillme partners with more than 800 online retailers, including well-known brands, to facilitate this payment method. Additionally, the service includes buyer protection and a cash back rewards program, further incentivizing consumers to choose eBillme for their online transactions.
Energate
Seed Round in 2006
Energate Inc. is a company that specializes in developing interactive energy management solutions aimed at utilities and residential customers. Founded in 2004 and headquartered in Ottawa, Canada, with additional offices in the United States, Energate offers a range of products including software, mobile applications, smart thermostats, load control switches, and consumer energy displays. The company’s solutions facilitate effective load management and utilize the smart grid to address supply and demand challenges. Energate’s Consumer Connected Demand Response platform enables utilities to manage residential energy consumption while providing customers with tools to optimize their energy use. Additionally, Energate offers various solutions such as Direct Load Control and home energy management features tailored for residential and small business customers. The company's innovative products are designed to enhance energy efficiency and help utilities and consumers reduce costs associated with energy consumption.
Natural Convergence
Series B in 2004
Natural Convergence, Inc. is a company that specializes in providing hosted voice over Internet Protocol (VoIP) software tailored for service providers catering to the small business market. Founded in 2001 and headquartered in Ottawa, Canada, the company develops and markets its flagship product, Silhouette, which is designed for telecom carriers and service providers. In addition to its software solutions, Natural Convergence offers a range of services including customizable training, professional services, project management, and a channel program to enhance user experience and support. The company serves a diverse clientele across Canada, the United States, the United Kingdom, the Netherlands, and the Caribbean.
Natural Convergence
Series A in 2002
Natural Convergence, Inc. is a company that specializes in providing hosted voice over Internet Protocol (VoIP) software tailored for service providers catering to the small business market. Founded in 2001 and headquartered in Ottawa, Canada, the company develops and markets its flagship product, Silhouette, which is designed for telecom carriers and service providers. In addition to its software solutions, Natural Convergence offers a range of services including customizable training, professional services, project management, and a channel program to enhance user experience and support. The company serves a diverse clientele across Canada, the United States, the United Kingdom, the Netherlands, and the Caribbean.
IMASIGHT
Angel Round in 2001
ImaSight Corporation is a medical device company. The Company develops digital x-ray sensors for veterinarians and chiropractors.
Atsana Semiconductor
Venture Round in 2001
Atsana Semiconductor specializes in developing programmable, low-power multimedia processors designed for wireless devices, such as smartphones, personal digital assistants, and network cameras. The company's processors enhance video encoding quality and support higher resolutions while maintaining efficient power consumption. Atsana's technology employs a massively parallel architecture that integrates numerous processing elements, enabling effective multimedia applications like video streaming and interactive communications without compromising battery life. This architecture allows original equipment manufacturers (OEMs) to adapt their products to meet evolving consumer demands for new features and improved performance. Atsana also provides a comprehensive solution that includes a suite of algorithms and a software development kit for third-party developers, facilitating the creation of customized applications. The management team, led by experienced professionals with extensive backgrounds in the semiconductor industry, is committed to driving innovation in multimedia technology. The company has successfully secured significant financing from venture capital firms focused on the semiconductor and wireless sectors.
DNA Genotek
Venture Round in 2001
DNA Genotek Inc. specializes in the development of biological sample collection, stabilization, and preparation products designed for health research and molecular diagnostics. Founded in 1998 and based in Kanata, Canada, the company offers a range of human and animal products, including DNA and RNA collection kits, stabilization reagents, and various preparation reagents. Their offerings also encompass mailing and assisted collection accessories, along with customization options like branding, barcoding, and multilingual packaging. In addition to sample collection, DNA Genotek provides genomic services such as nucleic acid extraction, SNP genotyping, PCR-based assays, and bioinformatic analysis to support various fields, including academic research, clinical diagnostics, microbiome studies, and animal genetics. The company serves clients globally through a network of sales representatives and service coordinators, aiming to facilitate less invasive sample collection methods that minimize discomfort for patients. DNA Genotek operates as a subsidiary of OraSure Technologies.
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