RBC

Royal Bank of Canada (RBC) is a global financial institution founded in 1869, headquartered in Toronto, Canada. It offers a wide range of services including personal and commercial banking, credit cards, insurance, investor and treasury services, capital markets, and wealth management. RBC caters to diverse sectors such as agriculture, automotive, clean technology, healthcare, and technology. RBC Ventures, established in 2017, is the corporate venture arm of RBC, focusing on seed, early, and later-stage investments in software, AI, machine learning, B2B payments, fintech, marketing technology, big data, cybersecurity, and e-commerce sectors.

Munish Aggarwal

Investor at RBC Capital Markets

David Goldband

Vice President

Matthew Hall

Director

Jane Henderson

Vice President of Senior Commercial Markets

Janice Lai

Vice President

Brandon Lew

President

Steve Lewis

Director

Jordan McMullen

Director

Jessica Rausch

COO

Donald Sanya

President

Peter Schilling

Managing Director

Patrick Trainor

Managing Director

Julia Wall

Associate Director, Venture Capital and Private Equity

Jeffrey Wong

Vice President

Anne Woods

Managing Director, Life Sciences and Healthcare

Past deals in Ontario

Seneca Polytechnic

Grant in 2025
Seneca Polytechnic provides a range of degree, diploma, and certificate programs, available in both full- and part-time formats, offered both online and on-campus in the Greater Toronto area.

MaRS Discovery District

Grant in 2024
MaRS Discovery District is a non-profit organization based in Toronto, Canada, dedicated to fostering high-growth companies within the knowledge economy. Established in 2000, it serves as an urban innovation hub that brings together a diverse community of approximately 2,500 individuals from various sectors, including life sciences, information technology, clean technology, and healthcare. MaRS provides support to entrepreneurs through advisory services, market intelligence, and access to capital, as well as facilitating connections to talent and customers. By partnering with researchers, businesses, and government entities, MaRS aims to accelerate the development of innovative solutions and drive economic growth in Canada.

NeuPath Health

Post in 2023
NeuPath Health Inc. is a Canadian company specializing in chronic pain management services, headquartered in Mississauga, Ontario. It operates 12 clinics under the Centres for Pain Management and InMedic Creative Medicine brands. The company provides comprehensive assessments and multi-modal treatment plans aimed at helping patients manage chronic pain and improve their quality of life. NeuPath Health addresses a wide range of conditions, including acute pain, spinal injuries, myofascial pain, neuropathic pain, post-shingles neuropathic pain, sports-related injuries, and concussions. By leveraging technology and fostering inter-professional collaboration among licensed healthcare providers, NeuPath Health develops patient-centered treatment strategies that focus on restoring function and overall well-being.

Tealbook

Series B in 2021
Tealbook, Inc. is an online supplier knowledge management and procurement platform headquartered in Toronto, Canada. Founded in 2014, the company provides a centralized system that consolidates credible and up-to-date information about suppliers, enabling procurement teams to identify and connect with qualified suppliers. The platform offers a comprehensive view of supplier data, including company details, product offerings, diversity status, and client recommendations. It also integrates with various enterprise resource planning systems and procurement tools, enhancing the visibility and knowledge of preferred suppliers. Tealbook's innovations have garnered industry recognition, such as being included in the CIX Top 20 and the Gartner Cool Vendor list. Through its services, Tealbook aims to improve buyer-supplier relations and streamline the procurement process for enterprises.

Dalriada Therapeutics

Grant in 2020
Dalriada Therapeutics Inc. is a Canadian company based in Mississauga, established in 2016. It specializes in the development of novel small molecule inhibitors targeting various medical conditions, including oncology, pain modulation, and neurodegenerative and neuroinflammatory disorders. The company employs a TURN-KEY model that integrates research and development with business strategy and intellectual property management, thereby supporting global innovators in the pharmaceutical industry.

TouchBistro

Series E in 2019
TouchBistro, Inc. is a company that specializes in developing iPad-based point-of-sale (POS) solutions tailored for the food and beverage industry, including restaurants, cafes, bars, and food trucks. Founded in 2010 and headquartered in New York, with an additional office in Toronto, TouchBistro provides various POS systems, such as Restaurant POS, Food Truck POS, and Bar POS, which streamline order management and payment processing. Its innovative system allows servers to take orders directly at the table, reducing the need for multiple trips to a terminal and minimizing errors. Additionally, TouchBistro offers features like TouchBistro Reservations for guest management, cloud-based reporting and analytics, and customer-facing displays, enhancing both operational efficiency and customer experience. The company's products are available through the Apple App Store in the United States and internationally.

Drop

Series B in 2019
Drop is a Toronto-based company that operates a personalized commerce platform, designed to enhance consumer experiences through rewards. The platform leverages machine learning to connect over 4 million members with more than 400 partner brands, enabling users to earn points on their purchases and redeem them for instant rewards. By offering an end-to-end solution, Drop facilitates a seamless connection between brands and consumers, helping merchants understand the behaviors of Millennial and Generation Z shoppers. The company aims to improve everyday consumer lives by providing tailored shopping experiences, and it has recently expanded its operations to the UK while maintaining a focus on the North American market.

Martello Technologies

Post in 2018
Martello Technologies Group Inc., founded in 1981 and headquartered in Ottawa, Canada, specializes in optimizing real-time application performance on cloud and enterprise networks. The company develops and sells products that monitor, measure, and analyze network health, ensuring reliable user experience for critical applications like Microsoft 365 and Mitel systems. Martello's solutions include Mitel Performance Analytics, Martello Gizmo, unified communications solution, Martello iQ platform, Live Maps, and technical support services. Serving diverse industries such as education, healthcare, and remote work globally, Martello aims to enhance service quality and user experience by proactively identifying and addressing network performance issues.

McEwen Mining

Post in 2018
McEwen Mining Inc. is a mining and minerals production company focused on the exploration, development, production, and sale of gold and silver, primarily in the Americas. The company operates wholly-owned mines such as the El Gallo 1 mine in Mexico and holds a 49% interest in the San José silver-gold mine in Argentina. It also owns various exploration and development projects, including the Gold Bar project in Nevada and the Los Azules copper deposit in Argentina. McEwen Mining's other properties include the Black Fox Mine and multiple exploration sites in Canada. Founded in 1979 and headquartered in Toronto, Canada, the company aims to be a profitable mid-tier producer of precious metals. With a significant focus on gold and silver, McEwen Mining's operations are geographically diverse, with substantial output derived from its projects in Canada and Mexico.

Home Capital Group

Post in 2018
Home Capital Group is a specialty finance company that operates primarily through its subsidiary, Home Trust. It provides a range of financial services, including residential and commercial mortgage lending, as well as the securitization of insured mortgage products. The company also offers consumer lending and credit card services. Home Capital Group caters to homeowners who may not meet the strict criteria of traditional financial institutions. Additionally, it provides deposit services through brokers and financial planners, as well as its direct-to-consumer deposit brand, Oaken Financial. With a presence across Canada, Home Capital Group has offices in several provinces, including Ontario, Alberta, British Columbia, Nova Scotia, Quebec, and Manitoba.

Assent Compliance

Series B in 2017
Assent Compliance, established in 2005 and based in Ottawa, Canada, specializes in providing software solutions for supply chain sustainability management. The company's core offering is a comprehensive platform that helps complex manufacturers navigate product compliance, trade compliance, and ESG (Environmental, Social, and Governance) responsibilities. This platform includes modules for managing materials compliance, ethical sourcing, inspections, supplier management, and supply chain data collection, all accessible through a single dashboard. Assent's solutions enable businesses to monitor and manage their compliance portfolio, gather and analyze data, and receive alerts based on user-defined metrics. Additionally, the company offers regulatory compliance consulting, assessment, and outsourcing services to support clients in meeting local and international regulations.

Wave

Series D in 2017
Wave makes running a small business better by providing free accounting, invoicing, affordable credit card processing (payments) and payroll. Over 3 million small business owners, in more than 200 countries around the world, rely on WaveApps to run their business. Wave was founded in 2009 and is headquartered in Toronto, Canada.

Next AI

Venture Round in 2017
NextAI is an accelerator and founder development program based in Montréal and Toronto, designed for early-stage AI-enabled startups. It targets exceptional teams and individuals from around the globe who aim to commercialize AI research and establish global enterprises. As an innovation hub, NextAI leverages Canada's strong position in artificial intelligence to provide these startups with essential resources, including capital, mentorship, education, and a robust network of business leaders and entrepreneurs. Participating teams can access up to $200,000 in funding, guidance from renowned faculty and scientists, and state-of-the-art AI tools, all aimed at fostering disruptive innovation in various industries.

Big Viking Games

Debt Financing in 2016
Big Viking Games is a prominent developer of free-to-play social and mobile games, focusing on HTML5 technology to create a unified gaming experience across various platforms, including iOS, Android, Facebook, and mobile web. Founded in 2011 by serial entrepreneur Albert Lai and industry veteran Greg Thomson, the company has expanded to employ over 100 individuals in its Toronto and London offices. Big Viking Games has achieved profitability and is recognized for its exceptional workplace culture, consistently being listed among the top employers in Canada. The company aims to enable game enthusiasts to easily access and enjoy its titles through direct downloads from application stores.

SecureKey

Venture Round in 2016
SecureKey Technologies Inc. is an identity and authentication provider that facilitates secure and convenient access to online services for consumers. The company develops cloud-based identity networks that connect individuals with various online services, emphasizing privacy and security. Its offerings are designed for a range of sectors, including banking, government, healthcare, telecommunications, and utilities. Established in 2008 and headquartered in Toronto, Canada, SecureKey also maintains offices in Boston, Washington D.C., and San Francisco. The firm collaborates with organizations like Digital Bazaar and is supported by notable investors such as Visa, MasterCard, and Intel Capital. By focusing on creating frictionless digital identity solutions, SecureKey enables organizations to meet the growing demand for secure online transactions.

Assent Compliance

Series A in 2016
Assent Compliance, established in 2005 and based in Ottawa, Canada, specializes in providing software solutions for supply chain sustainability management. The company's core offering is a comprehensive platform that helps complex manufacturers navigate product compliance, trade compliance, and ESG (Environmental, Social, and Governance) responsibilities. This platform includes modules for managing materials compliance, ethical sourcing, inspections, supplier management, and supply chain data collection, all accessible through a single dashboard. Assent's solutions enable businesses to monitor and manage their compliance portfolio, gather and analyze data, and receive alerts based on user-defined metrics. Additionally, the company offers regulatory compliance consulting, assessment, and outsourcing services to support clients in meeting local and international regulations.

Infobright

Series C in 2008
Infobright Inc., based in Toronto, Canada, specializes in developing a self-tuning analytic database platform tailored for the Internet of Things. The company offers solutions such as the Infobright Enterprise Edition, which efficiently stores and analyzes extensive volumes of machine-generated data, including web data, network logs, and sensor data. Known for its ease of implementation, exceptional data compression, and operational simplicity, Infobright's technology enables enterprises across various sectors, including telecommunications and financial services, to conduct rapid analyses of critical business information. Founded in 2005, the company initially gained recognition for releasing the first commercial open-source analytic database software, fostering a robust user community and an expanding customer base. In March 2017, Infobright was acquired by Ignite Technologies, Inc. and continues to operate through resellers and distributors worldwide.

HighRoads

Series C in 2008
HighRoads, Inc. specializes in developing cloud-based benefits plan management and compliance solutions tailored for the health care market. Its flagship product, P2 Advance, is a SaaS-based enterprise solution that addresses the challenges faced by payers through comprehensive product and plan configuration, media management, and compliance document generation. The platform streamlines the entire product creation process, allowing clients to develop and launch new health care products quickly and efficiently, while ensuring accuracy and compliance with regulatory requirements. By automating many manual processes, HighRoads enables payers to reduce administrative costs and focus on innovative offerings that meet customer demands. Founded in 1999 and originally named IE-Engine, Inc., HighRoads is headquartered in Burlington, Massachusetts, with an additional office in Ottawa, Canada.

Infobright

Series B in 2007
Infobright Inc., based in Toronto, Canada, specializes in developing a self-tuning analytic database platform tailored for the Internet of Things. The company offers solutions such as the Infobright Enterprise Edition, which efficiently stores and analyzes extensive volumes of machine-generated data, including web data, network logs, and sensor data. Known for its ease of implementation, exceptional data compression, and operational simplicity, Infobright's technology enables enterprises across various sectors, including telecommunications and financial services, to conduct rapid analyses of critical business information. Founded in 2005, the company initially gained recognition for releasing the first commercial open-source analytic database software, fostering a robust user community and an expanding customer base. In March 2017, Infobright was acquired by Ignite Technologies, Inc. and continues to operate through resellers and distributors worldwide.

Infobright

Series A in 2006
Infobright Inc., based in Toronto, Canada, specializes in developing a self-tuning analytic database platform tailored for the Internet of Things. The company offers solutions such as the Infobright Enterprise Edition, which efficiently stores and analyzes extensive volumes of machine-generated data, including web data, network logs, and sensor data. Known for its ease of implementation, exceptional data compression, and operational simplicity, Infobright's technology enables enterprises across various sectors, including telecommunications and financial services, to conduct rapid analyses of critical business information. Founded in 2005, the company initially gained recognition for releasing the first commercial open-source analytic database software, fostering a robust user community and an expanding customer base. In March 2017, Infobright was acquired by Ignite Technologies, Inc. and continues to operate through resellers and distributors worldwide.

HighRoads

Series A in 2004
HighRoads, Inc. specializes in developing cloud-based benefits plan management and compliance solutions tailored for the health care market. Its flagship product, P2 Advance, is a SaaS-based enterprise solution that addresses the challenges faced by payers through comprehensive product and plan configuration, media management, and compliance document generation. The platform streamlines the entire product creation process, allowing clients to develop and launch new health care products quickly and efficiently, while ensuring accuracy and compliance with regulatory requirements. By automating many manual processes, HighRoads enables payers to reduce administrative costs and focus on innovative offerings that meet customer demands. Founded in 1999 and originally named IE-Engine, Inc., HighRoads is headquartered in Burlington, Massachusetts, with an additional office in Ottawa, Canada.

INEA Corporation

Series B in 2004
INEA Corporation is a privately held company based in Toronto, Ontario, founded in 1992. It specializes in providing performance management software solutions tailored for the financial services industry. The company's integrated platform offers a range of functionalities including enterprise planning, forecasting, modeling, profitability analytics, and management and regulatory reporting. INEA Corporation serves large and complex organizations with diverse lines of business and operational needs, ensuring they can effectively manage their performance. Additionally, the company offers enterprise rollout, technical support, and training services. INEA has sales operations in North America and the United Kingdom, catering to a global clientele.

Baylin Technologies

Baylin Technologies Inc., headquartered in Toronto, Canada, is a global technology company specializing in the wireless sector. With over 35 years of experience, it designs, manufactures, and markets a wide range of passive and active radio frequency and terrestrial microwave products. The company offers an extensive portfolio of innovative antennas, both off-the-shelf and custom engineered solutions, catering to the mobile, broadband, and wireless infrastructure markets. Baylin's products are marketed under well-known brand names, including Galtronics, Advantech Wireless, Alga Microwave, and Mitec VSAT, positioning the company as a trusted partner in meeting customer needs from initial design through to production.
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