Relay Ventures

Relay Ventures, established in 2010, is a Toronto-based venture capital firm with an additional office in Calgary. It specializes in early-stage investments, focusing on software and technology companies across North America, with a particular interest in urban tech, proptech, fintech, and sports tech sectors. The firm invests in pre-seed to seed-stage startups, typically committing USD 5 million to USD 15 million per portfolio company. Relay Ventures also manages several funds, including Relay Ventures Fund I, II, III, and V, with varying investment focuses and geographic scopes.

John Albright

Co-Founder, Managing Partner and Board Member

Horace Dediu

Partner and Chief Market Strategist

Abbey Kaminker

Investment Analyst

Emily McIlquham

Associate

Elena Pikulina

Associate

Kevin Talbot

Co-Founder and Managing Partner

Jeannette Wiltse

Partner and CFO

Hannah Zakinthinos

Investment Analyst

Past deals in Ontario

The Logic

Venture Round in 2024
The Logic Inc., founded in 2018 and headquartered in Toronto, Canada, operates a subscription-based digital news platform dedicated to in-depth reporting on technology and the innovation economy. The organization focuses on covering the key players, policies, and trends that shape transformational change, aiming to foster meaningful conversations about Canada's future. By prioritizing readers over advertisers, The Logic emphasizes its commitment to high-quality journalism and seeks to contribute to a better living and working environment in Canada. Through its platform, it provides a range of content, including articles, news, and interviews, that inform its audience about significant political and economic developments.

The Logic

Seed Round in 2019
The Logic Inc., founded in 2018 and headquartered in Toronto, Canada, operates a subscription-based digital news platform dedicated to in-depth reporting on technology and the innovation economy. The organization focuses on covering the key players, policies, and trends that shape transformational change, aiming to foster meaningful conversations about Canada's future. By prioritizing readers over advertisers, The Logic emphasizes its commitment to high-quality journalism and seeks to contribute to a better living and working environment in Canada. Through its platform, it provides a range of content, including articles, news, and interviews, that inform its audience about significant political and economic developments.

Influitive

Venture Round in 2019
Influitive Corporation, established in 2010 and headquartered in Toronto, Canada, with offices in Menlo Park, California, and Boston, Massachusetts, specializes in advocate marketing software solutions for B2B software and technology firms. Its flagship product, AdvocateHub, facilitates the creation of advocate communities, enabling customers, partners, and employees to engage in challenges such as referrals, reviews, and reference calls. This software integrates with Salesforce.com for activity tracking and is available via web portal or mobile app. Influitive also offers consulting services, providing coaching and training to help businesses implement and advance their advocate marketing strategies.

TouchBistro

Series D in 2018
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.

Swift Medical

Series A in 2018
Swift Medical Inc. is a Toronto-based company specializing in digital wound care technology aimed at enhancing the prevention, treatment, and management of wounds. Its flagship product, a mobile application called Swift, enables healthcare providers to accurately measure and document wound progression through advanced imaging and real-time image sharing. The application employs artificial intelligence to assess wound characteristics, including circumference and type, facilitating comprehensive analysis for wound specialists. By providing standardized and accessible wound care solutions, Swift Medical aims to improve patient outcomes and support healthcare providers in delivering effective wound management.

ecobee

Series C in 2018
ecobee, Inc. is a Canadian company based in Toronto that specializes in manufacturing Wi-Fi enabled smart thermostats and light automation equipment for both residential and commercial use. Founded in 2007, ecobee offers a range of products including the SmartThermostat with voice control, ecobee3 lite, SmartSensor, and ecobee Switch+. These devices allow users to customize temperature settings and manage their energy consumption remotely via a mobile application available on various platforms such as iOS and Android. By providing intelligent energy management solutions, ecobee aims to enhance comfort while promoting energy conservation, thus enabling customers to understand and reduce their energy usage effectively. The company sells its products primarily through online channels.

TouchBistro

Series C in 2017
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.

Nymi

Series B in 2017
Nymi Inc. is a Toronto-based company that specializes in wearable biometric devices, particularly the Nymi Band, which utilizes proprietary HeartID technology to authenticate users based on their unique electrocardiogram. Founded in 2011 and rebranded from Bionym Inc. in December 2014, Nymi aims to facilitate digital transformation in various sectors, including life sciences, healthcare, manufacturing, and financial services. The company offers a connected worker platform designed to enhance workplace safety, security, productivity, and data integrity by integrating human users with their digital environments. Nymi also provides a mobile application for Android to activate their wearable devices and sells the Nymi Bands online. Recognized for its positive workplace culture, Nymi was awarded one of the Best Workplaces in Canada in 2019 for companies with fewer than 100 employees.

Swift Medical

Seed Round in 2017
Swift Medical Inc. is a Toronto-based company specializing in digital wound care technology aimed at enhancing the prevention, treatment, and management of wounds. Its flagship product, a mobile application called Swift, enables healthcare providers to accurately measure and document wound progression through advanced imaging and real-time image sharing. The application employs artificial intelligence to assess wound characteristics, including circumference and type, facilitating comprehensive analysis for wound specialists. By providing standardized and accessible wound care solutions, Swift Medical aims to improve patient outcomes and support healthcare providers in delivering effective wound management.

TouchBistro

Series B in 2016
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.

ecobee

Venture Round in 2016
ecobee, Inc. is a Canadian company based in Toronto that specializes in manufacturing Wi-Fi enabled smart thermostats and light automation equipment for both residential and commercial use. Founded in 2007, ecobee offers a range of products including the SmartThermostat with voice control, ecobee3 lite, SmartSensor, and ecobee Switch+. These devices allow users to customize temperature settings and manage their energy consumption remotely via a mobile application available on various platforms such as iOS and Android. By providing intelligent energy management solutions, ecobee aims to enhance comfort while promoting energy conservation, thus enabling customers to understand and reduce their energy usage effectively. The company sells its products primarily through online channels.

Influitive

Series B in 2016
Influitive Corporation, established in 2010 and headquartered in Toronto, Canada, with offices in Menlo Park, California, and Boston, Massachusetts, specializes in advocate marketing software solutions for B2B software and technology firms. Its flagship product, AdvocateHub, facilitates the creation of advocate communities, enabling customers, partners, and employees to engage in challenges such as referrals, reviews, and reference calls. This software integrates with Salesforce.com for activity tracking and is available via web portal or mobile app. Influitive also offers consulting services, providing coaching and training to help businesses implement and advance their advocate marketing strategies.

Influitive

Series B in 2015
Influitive Corporation, established in 2010 and headquartered in Toronto, Canada, with offices in Menlo Park, California, and Boston, Massachusetts, specializes in advocate marketing software solutions for B2B software and technology firms. Its flagship product, AdvocateHub, facilitates the creation of advocate communities, enabling customers, partners, and employees to engage in challenges such as referrals, reviews, and reference calls. This software integrates with Salesforce.com for activity tracking and is available via web portal or mobile app. Influitive also offers consulting services, providing coaching and training to help businesses implement and advance their advocate marketing strategies.

Influitive

Series B in 2015
Influitive Corporation, established in 2010 and headquartered in Toronto, Canada, with offices in Menlo Park, California, and Boston, Massachusetts, specializes in advocate marketing software solutions for B2B software and technology firms. Its flagship product, AdvocateHub, facilitates the creation of advocate communities, enabling customers, partners, and employees to engage in challenges such as referrals, reviews, and reference calls. This software integrates with Salesforce.com for activity tracking and is available via web portal or mobile app. Influitive also offers consulting services, providing coaching and training to help businesses implement and advance their advocate marketing strategies.

TouchBistro

Series A in 2015
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.

Nymi

Series A in 2014
Nymi Inc. is a Toronto-based company that specializes in wearable biometric devices, particularly the Nymi Band, which utilizes proprietary HeartID technology to authenticate users based on their unique electrocardiogram. Founded in 2011 and rebranded from Bionym Inc. in December 2014, Nymi aims to facilitate digital transformation in various sectors, including life sciences, healthcare, manufacturing, and financial services. The company offers a connected worker platform designed to enhance workplace safety, security, productivity, and data integrity by integrating human users with their digital environments. Nymi also provides a mobile application for Android to activate their wearable devices and sells the Nymi Bands online. Recognized for its positive workplace culture, Nymi was awarded one of the Best Workplaces in Canada in 2019 for companies with fewer than 100 employees.

PumpUp

Seed Round in 2014
PumpUp is a fitness application that fosters a positive community for individuals seeking to achieve their health goals. It offers users tools to track their fitness progress, receive coaching, and access fitness tips and reminders, all aimed at promoting a healthy lifestyle. The platform creates a supportive environment where users can share their challenges and triumphs, connecting with a global network of like-minded individuals. Headquartered in Toronto, with additional offices in San Francisco, PumpUp provides an engaging space for users to motivate one another and work towards becoming their best selves.

Fuse Powered

Series A in 2014
Fuse Powered is a privately held company that specializes in providing a player-centric platform to optimize mobile game experiences for publishers. It offers a unique monetization and advertising mediation solution that combines targeted in-app purchase offers, rewarded video, and relevant ads, all accessible through a single software development kit (SDK). With over 700 million installs, Fuse Powered has established partnerships with some of the leading mobile game publishers on both iOS and Android platforms, helping them to maximize revenue effectively. Headquartered in San Francisco and Toronto, the company focuses on enhancing game publishers' abilities to engage and monetize their player base. In January 2016, Fuse Powered was acquired by Upsight.

TouchBistro

Seed Round in 2013
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.

PumpUp

Angel Round in 2013
PumpUp is a fitness application that fosters a positive community for individuals seeking to achieve their health goals. It offers users tools to track their fitness progress, receive coaching, and access fitness tips and reminders, all aimed at promoting a healthy lifestyle. The platform creates a supportive environment where users can share their challenges and triumphs, connecting with a global network of like-minded individuals. Headquartered in Toronto, with additional offices in San Francisco, PumpUp provides an engaging space for users to motivate one another and work towards becoming their best selves.

Nymi

Seed Round in 2013
Nymi Inc. is a Toronto-based company that specializes in wearable biometric devices, particularly the Nymi Band, which utilizes proprietary HeartID technology to authenticate users based on their unique electrocardiogram. Founded in 2011 and rebranded from Bionym Inc. in December 2014, Nymi aims to facilitate digital transformation in various sectors, including life sciences, healthcare, manufacturing, and financial services. The company offers a connected worker platform designed to enhance workplace safety, security, productivity, and data integrity by integrating human users with their digital environments. Nymi also provides a mobile application for Android to activate their wearable devices and sells the Nymi Bands online. Recognized for its positive workplace culture, Nymi was awarded one of the Best Workplaces in Canada in 2019 for companies with fewer than 100 employees.

ClearFit

Series A in 2013
ClearFit Inc. operates a web-based platform that utilizes predictive analytics to provide insights for hiring employees and building effective teams. Founded in 2006 and based in Toronto, Canada, ClearFit offers a patented analytics engine that assesses employees' strengths and weaknesses and identifies traits of top performers. The platform equips organizations with valuable information for talent pool development and succession planning. Additionally, ClearFit assists in the recruitment process by aiding in job description creation, job posting, and the identification of suitable candidates. The company serves a diverse range of sectors, including healthcare, banking, insurance, restaurants, hotels, retail, and sales.

Influitive

Series A in 2012
Influitive Corporation, established in 2010 and headquartered in Toronto, Canada, with offices in Menlo Park, California, and Boston, Massachusetts, specializes in advocate marketing software solutions for B2B software and technology firms. Its flagship product, AdvocateHub, facilitates the creation of advocate communities, enabling customers, partners, and employees to engage in challenges such as referrals, reviews, and reference calls. This software integrates with Salesforce.com for activity tracking and is available via web portal or mobile app. Influitive also offers consulting services, providing coaching and training to help businesses implement and advance their advocate marketing strategies.

Influitive

Series A in 2012
Influitive Corporation, established in 2010 and headquartered in Toronto, Canada, with offices in Menlo Park, California, and Boston, Massachusetts, specializes in advocate marketing software solutions for B2B software and technology firms. Its flagship product, AdvocateHub, facilitates the creation of advocate communities, enabling customers, partners, and employees to engage in challenges such as referrals, reviews, and reference calls. This software integrates with Salesforce.com for activity tracking and is available via web portal or mobile app. Influitive also offers consulting services, providing coaching and training to help businesses implement and advance their advocate marketing strategies.

Influitive

Seed Round in 2012
Influitive Corporation, established in 2010 and headquartered in Toronto, Canada, with offices in Menlo Park, California, and Boston, Massachusetts, specializes in advocate marketing software solutions for B2B software and technology firms. Its flagship product, AdvocateHub, facilitates the creation of advocate communities, enabling customers, partners, and employees to engage in challenges such as referrals, reviews, and reference calls. This software integrates with Salesforce.com for activity tracking and is available via web portal or mobile app. Influitive also offers consulting services, providing coaching and training to help businesses implement and advance their advocate marketing strategies.

Influitive

Seed Round in 2012
Influitive Corporation, established in 2010 and headquartered in Toronto, Canada, with offices in Menlo Park, California, and Boston, Massachusetts, specializes in advocate marketing software solutions for B2B software and technology firms. Its flagship product, AdvocateHub, facilitates the creation of advocate communities, enabling customers, partners, and employees to engage in challenges such as referrals, reviews, and reference calls. This software integrates with Salesforce.com for activity tracking and is available via web portal or mobile app. Influitive also offers consulting services, providing coaching and training to help businesses implement and advance their advocate marketing strategies.

TribeHR

Venture Round in 2012
TribeHR Corp., headquartered in Waterloo, Ontario, and Boston, Massachusetts, specializes in developing social human resources management software designed for small and medium-sized businesses. Founded in 2009, TribeHR offers an intuitive platform that encompasses various aspects of people management, including vacation tracking, performance evaluation, recruiting, payroll, onboarding, and analytics. By streamlining these processes, TribeHR enables companies to concentrate on their core operations while enhancing their HR capabilities. The company has received funding from Matrix Partners and Relay Ventures and continues to expand its presence in the global market. More information about TribeHR can be found on their website.

ecobee

Series B in 2012
ecobee, Inc. is a Canadian company based in Toronto that specializes in manufacturing Wi-Fi enabled smart thermostats and light automation equipment for both residential and commercial use. Founded in 2007, ecobee offers a range of products including the SmartThermostat with voice control, ecobee3 lite, SmartSensor, and ecobee Switch+. These devices allow users to customize temperature settings and manage their energy consumption remotely via a mobile application available on various platforms such as iOS and Android. By providing intelligent energy management solutions, ecobee aims to enhance comfort while promoting energy conservation, thus enabling customers to understand and reduce their energy usage effectively. The company sells its products primarily through online channels.

ClearFit

Angel Round in 2011
ClearFit Inc. operates a web-based platform that utilizes predictive analytics to provide insights for hiring employees and building effective teams. Founded in 2006 and based in Toronto, Canada, ClearFit offers a patented analytics engine that assesses employees' strengths and weaknesses and identifies traits of top performers. The platform equips organizations with valuable information for talent pool development and succession planning. Additionally, ClearFit assists in the recruitment process by aiding in job description creation, job posting, and the identification of suitable candidates. The company serves a diverse range of sectors, including healthcare, banking, insurance, restaurants, hotels, retail, and sales.

Achievers

Series C in 2011
Achievers is a Toronto-based company that offers a cloud-based Employee Success Platform designed to enhance engagement, alignment, and recognition within modern workplaces. The platform provides an online points-based rewards and recognition system, allowing organizations to effectively monitor employee progress and achievement. Achievers' services are tailored to meet the complex needs of today's workforce, making it a preferred solution for companies around the globe, including notable clients such as Deloitte, CVS Pharmacy, ConAgra Foods, and Microsoft. By focusing on employee satisfaction and success, Achievers aims to foster a more productive and motivated workforce across over 110 countries.

Achievers

Venture Round in 2011
Achievers is a Toronto-based company that offers a cloud-based Employee Success Platform designed to enhance engagement, alignment, and recognition within modern workplaces. The platform provides an online points-based rewards and recognition system, allowing organizations to effectively monitor employee progress and achievement. Achievers' services are tailored to meet the complex needs of today's workforce, making it a preferred solution for companies around the globe, including notable clients such as Deloitte, CVS Pharmacy, ConAgra Foods, and Microsoft. By focusing on employee satisfaction and success, Achievers aims to foster a more productive and motivated workforce across over 110 countries.

Fuse Powered

Seed Round in 2011
Fuse Powered is a privately held company that specializes in providing a player-centric platform to optimize mobile game experiences for publishers. It offers a unique monetization and advertising mediation solution that combines targeted in-app purchase offers, rewarded video, and relevant ads, all accessible through a single software development kit (SDK). With over 700 million installs, Fuse Powered has established partnerships with some of the leading mobile game publishers on both iOS and Android platforms, helping them to maximize revenue effectively. Headquartered in San Francisco and Toronto, the company focuses on enhancing game publishers' abilities to engage and monetize their player base. In January 2016, Fuse Powered was acquired by Upsight.

Fuse Powered

Angel Round in 2010
Fuse Powered is a privately held company that specializes in providing a player-centric platform to optimize mobile game experiences for publishers. It offers a unique monetization and advertising mediation solution that combines targeted in-app purchase offers, rewarded video, and relevant ads, all accessible through a single software development kit (SDK). With over 700 million installs, Fuse Powered has established partnerships with some of the leading mobile game publishers on both iOS and Android platforms, helping them to maximize revenue effectively. Headquartered in San Francisco and Toronto, the company focuses on enhancing game publishers' abilities to engage and monetize their player base. In January 2016, Fuse Powered was acquired by Upsight.

ecobee

Venture Round in 2010
ecobee, Inc. is a Canadian company based in Toronto that specializes in manufacturing Wi-Fi enabled smart thermostats and light automation equipment for both residential and commercial use. Founded in 2007, ecobee offers a range of products including the SmartThermostat with voice control, ecobee3 lite, SmartSensor, and ecobee Switch+. These devices allow users to customize temperature settings and manage their energy consumption remotely via a mobile application available on various platforms such as iOS and Android. By providing intelligent energy management solutions, ecobee aims to enhance comfort while promoting energy conservation, thus enabling customers to understand and reduce their energy usage effectively. The company sells its products primarily through online channels.

Quickplay

Series D in 2009
QuickPlay Media Inc. is a prominent provider of cloud-based managed service solutions for the distribution of media to IP-connected devices. Founded in 2004 and headquartered in Toronto, Canada, the company specializes in delivering over-the-top (OTT) video services, enabling clients to deploy content across both managed IPTV set-top boxes and unmanaged devices. QuickPlay's OpenVideo platform offers robust capabilities for live streaming, video on demand, and monetization strategies such as dynamic advertisement insertion and personalized content. Additionally, the company supports pay TV services, allowing traditional cable operators to transition to multiscreen solutions across various networks. With facilities in major cities including San Diego, Singapore, Chennai, and Frankfurt, QuickPlay serves a global clientele, including some of the largest communications and media companies.

Achievers

Series B in 2009
Achievers is a Toronto-based company that offers a cloud-based Employee Success Platform designed to enhance engagement, alignment, and recognition within modern workplaces. The platform provides an online points-based rewards and recognition system, allowing organizations to effectively monitor employee progress and achievement. Achievers' services are tailored to meet the complex needs of today's workforce, making it a preferred solution for companies around the globe, including notable clients such as Deloitte, CVS Pharmacy, ConAgra Foods, and Microsoft. By focusing on employee satisfaction and success, Achievers aims to foster a more productive and motivated workforce across over 110 countries.

Leonardo Worldwide

Venture Round in 2008
Leonardo Worldwide Corporation is a technology company that specializes in online visual content management and distribution solutions for the global hospitality industry. Founded in 2000 and based in Toronto, Canada, the company provides various services to hotels and hotel chains, enabling them to enhance their online presence and attract more bookings. Its primary offerings include VBrochure, an online merchandising system that helps distribute visual content to potential guests, and VScape, a digital asset management system designed to manage and share visual content across global distribution systems and travel websites. Additionally, Leonardo offers a suite of Facebook applications to showcase hotel features and facilitate bookings directly through social media. The company’s innovative technology supports travel suppliers in creating exceptional guest experiences while streamlining the booking process for travelers. With two decades of industry leadership, Leonardo maintains partnerships with global hotel chains, travel websites, and numerous individual hotel properties.

Achievers

Series A in 2008
Achievers is a Toronto-based company that offers a cloud-based Employee Success Platform designed to enhance engagement, alignment, and recognition within modern workplaces. The platform provides an online points-based rewards and recognition system, allowing organizations to effectively monitor employee progress and achievement. Achievers' services are tailored to meet the complex needs of today's workforce, making it a preferred solution for companies around the globe, including notable clients such as Deloitte, CVS Pharmacy, ConAgra Foods, and Microsoft. By focusing on employee satisfaction and success, Achievers aims to foster a more productive and motivated workforce across over 110 countries.

Leonardo Worldwide

Venture Round in 2008
Leonardo Worldwide Corporation is a technology company that specializes in online visual content management and distribution solutions for the global hospitality industry. Founded in 2000 and based in Toronto, Canada, the company provides various services to hotels and hotel chains, enabling them to enhance their online presence and attract more bookings. Its primary offerings include VBrochure, an online merchandising system that helps distribute visual content to potential guests, and VScape, a digital asset management system designed to manage and share visual content across global distribution systems and travel websites. Additionally, Leonardo offers a suite of Facebook applications to showcase hotel features and facilitate bookings directly through social media. The company’s innovative technology supports travel suppliers in creating exceptional guest experiences while streamlining the booking process for travelers. With two decades of industry leadership, Leonardo maintains partnerships with global hotel chains, travel websites, and numerous individual hotel properties.

Achievers

Series A in 2007
Achievers is a Toronto-based company that offers a cloud-based Employee Success Platform designed to enhance engagement, alignment, and recognition within modern workplaces. The platform provides an online points-based rewards and recognition system, allowing organizations to effectively monitor employee progress and achievement. Achievers' services are tailored to meet the complex needs of today's workforce, making it a preferred solution for companies around the globe, including notable clients such as Deloitte, CVS Pharmacy, ConAgra Foods, and Microsoft. By focusing on employee satisfaction and success, Achievers aims to foster a more productive and motivated workforce across over 110 countries.

Quickplay

Series C in 2007
QuickPlay Media Inc. is a prominent provider of cloud-based managed service solutions for the distribution of media to IP-connected devices. Founded in 2004 and headquartered in Toronto, Canada, the company specializes in delivering over-the-top (OTT) video services, enabling clients to deploy content across both managed IPTV set-top boxes and unmanaged devices. QuickPlay's OpenVideo platform offers robust capabilities for live streaming, video on demand, and monetization strategies such as dynamic advertisement insertion and personalized content. Additionally, the company supports pay TV services, allowing traditional cable operators to transition to multiscreen solutions across various networks. With facilities in major cities including San Diego, Singapore, Chennai, and Frankfurt, QuickPlay serves a global clientele, including some of the largest communications and media companies.

Ziplocal

Series B in 2007
ZipLocal Inc. is a Canadian company based in Toronto that provides online local search services aimed at connecting consumers with local businesses. Its portfolio includes several search sites, such as Zip411.net and 411Canada.com, as well as a white label online branch locator service utilizing proprietary mapping technology. The company offers comprehensive business listings that include essential contact information and provides search advertising services to enhance visibility for its clients. Previously known as redCity Search Company, Inc., ZipLocal transitioned to its current name in 2007. As of 2017, it operates as a subsidiary of Intercap Inc. and is currently exploring new business opportunities, having previously focused on online listing advertising.

ecobee

Venture Round in 2007
ecobee, Inc. is a Canadian company based in Toronto that specializes in manufacturing Wi-Fi enabled smart thermostats and light automation equipment for both residential and commercial use. Founded in 2007, ecobee offers a range of products including the SmartThermostat with voice control, ecobee3 lite, SmartSensor, and ecobee Switch+. These devices allow users to customize temperature settings and manage their energy consumption remotely via a mobile application available on various platforms such as iOS and Android. By providing intelligent energy management solutions, ecobee aims to enhance comfort while promoting energy conservation, thus enabling customers to understand and reduce their energy usage effectively. The company sells its products primarily through online channels.

Ziplocal

Series A in 2006
ZipLocal Inc. is a Canadian company based in Toronto that provides online local search services aimed at connecting consumers with local businesses. Its portfolio includes several search sites, such as Zip411.net and 411Canada.com, as well as a white label online branch locator service utilizing proprietary mapping technology. The company offers comprehensive business listings that include essential contact information and provides search advertising services to enhance visibility for its clients. Previously known as redCity Search Company, Inc., ZipLocal transitioned to its current name in 2007. As of 2017, it operates as a subsidiary of Intercap Inc. and is currently exploring new business opportunities, having previously focused on online listing advertising.

Quickplay

Series B in 2006
QuickPlay Media Inc. is a prominent provider of cloud-based managed service solutions for the distribution of media to IP-connected devices. Founded in 2004 and headquartered in Toronto, Canada, the company specializes in delivering over-the-top (OTT) video services, enabling clients to deploy content across both managed IPTV set-top boxes and unmanaged devices. QuickPlay's OpenVideo platform offers robust capabilities for live streaming, video on demand, and monetization strategies such as dynamic advertisement insertion and personalized content. Additionally, the company supports pay TV services, allowing traditional cable operators to transition to multiscreen solutions across various networks. With facilities in major cities including San Diego, Singapore, Chennai, and Frankfurt, QuickPlay serves a global clientele, including some of the largest communications and media companies.

Cube Route

Series B in 2005
Cube Route, Inc. is a Toronto-based company that specializes in demand logistics services for transportation organizations across North America. Founded in 2003, the firm provides a range of solutions including information digitization, dispatch management, package tracking, and order management. Cube Route also focuses on planning and route optimization, real-time field data capture, and customer service. Its services cater to various industries such as beverage delivery, direct store delivery, foodservice, home delivery, and third-party logistics providers. As a subsidiary of Descartes Systems Group, Cube Route aims to enhance efficiency and visibility in delivery operations through its comprehensive logistics technologies.

Basis100

Venture Round in 2002
Basis100 is a technology solutions company based in Toronto, Ontario, specializing in data intelligence and analytics services for the U.S. mortgage and lending securities community. Founded in 1998, Basis100 offers a range of collateral assessment solutions, including automated valuation models and full appraisals, to support lending decisions. The company's services encompass consumer credit, mortgage origination and processing, data warehousing for property valuations, analytics support, and capital markets solutions for fixed income trading. Their flagship platform, BasisValues, is a web-based system that facilitates the ordering and delivery of collateral assessment tools, ensuring risk mitigation and process consistency.

Q9 Networks

Venture Round in 2001
Q9 Networks Inc. specializes in providing outsourced data center infrastructure for information technology organizations in Canada. Founded in 1995 and headquartered in Toronto, the company offers a range of services including data center space, managed bandwidth, performance monitoring, and security services. Additionally, Q9 Networks provides managed services such as control panels, managed servers, firewalls, load balancing, backup and restore, and remote connectivity. Their offerings also include disaster recovery solutions and site management tools, catering to the diverse needs of businesses requiring reliable and secure IT operations.

Q9 Networks

Venture Round in 2000
Q9 Networks Inc. specializes in providing outsourced data center infrastructure for information technology organizations in Canada. Founded in 1995 and headquartered in Toronto, the company offers a range of services including data center space, managed bandwidth, performance monitoring, and security services. Additionally, Q9 Networks provides managed services such as control panels, managed servers, firewalls, load balancing, backup and restore, and remote connectivity. Their offerings also include disaster recovery solutions and site management tools, catering to the diverse needs of businesses requiring reliable and secure IT operations.

PixStream

Venture Round in 1999
PixStream is a technology company based in Waterloo, Ontario, that specializes in developing video networking solutions. Founded in 1996 by Marc Morin and Brad Siim, the company creates systems that adapt television signals to various network types. Its offerings include complete video head-ends that facilitate the efficient transport of high-quality video and audio over broadband networks. By optimizing bandwidth, PixStream enables service providers to deliver innovative video services and applications, thereby enhancing the user experience.
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