ScaleUP Ventures

ScaleUP Ventures is a Toronto-based venture capital firm that invests in early-stage technology companies, with an emphasis on business-to-business opportunities. Founded in 2016, the firm supports entrepreneurs with capital and guidance to help Canadian startups scale and reach market traction.

Dubie Cunningham

Venture Partner

Christian Grunt

Principal

Kevin Kimsa

Co-Founder, General Partner and Managing Partner

Derek Spratt

Partner and MD

44 past transactions

Penny AI Technologies

Series B in 2022
Founded in 2017, Penny AI Technologies develops an AI-driven CRM app that automates sales tasks and enhances customer experience. Its platform prioritizes next steps, creates consultants, and delivers targeted activity lists.

Canalyst

Series C in 2022
Canalyst is a prominent provider of public company data and analysis, offering a cloud-based SaaS platform designed to modernize the equity research function. Established in 2015, the company delivers structured fundamental data and financial models on global public companies, facilitating efficient analysis for firms in the financial services and corporate sectors. Canalyst's platform is utilized by numerous organizations to streamline their workflows and enhance the accuracy of their financial assessments. With a workforce of around 200 employees, Canalyst operates offices in New York and Vancouver, reflecting its commitment to delivering high-quality data and insights.

Rose Rocket

Series A in 2021
Rose Rocket, Inc. is a transportation management software company based in Toronto, Canada, founded in 2015. The company specializes in developing software solutions tailored for the trucking and freight industries, particularly for less-than-truckload carriers. Its platform facilitates the management of critical order processes, connecting shippers with brokers, carriers, private fleet companies, and third-party logistics providers through an online portal. By streamlining communication and improving operational efficiency, Rose Rocket's software enables users to automate manual tasks, maintain audit trails, and access real-time information throughout the supply chain, ultimately enhancing the overall logistics experience.

Coconut Software

Series B in 2021
Coconut Software is a developer of a cloud-based appointment scheduling and visitor management platform designed to streamline customer interactions. The platform integrates on-location and digital channels, facilitating self-service booking, curbside pickup, online and physical queuing, and wait time tracking. Additionally, it supports callback requests and virtual meetings, along with contact center integration. Coconut Software's features include text and email reminders, queue management, staff and location oversight, system permission management, and the ability to create custom questions and metrics. By providing performance reporting and real-time traffic insights, the platform enables banks and credit unions to reduce customer wait times and alleviate pressure on staff, ultimately improving overall service efficiency.

Rewind

Series B in 2021
Founded in 2015, Rewind is dedicated to assisting small and medium businesses in maintaining their online growth. With over 30,000 customers across 100 countries, Rewind offers highly-rated software and support to help businesses manage their software-as-a-service data effectively. By providing solutions for data protection and recovery, Rewind enables businesses to safeguard the information necessary for their continued success and development.

#Paid

Series B in 2021
#Paid is a technology company that offers a creative marketing platform designed to facilitate collaboration between brands and social media creators. The platform enables brands to connect with a diverse array of artists, travelers, storytellers, and photographers globally, allowing for authentic product placements on social media. By transforming creator-generated content into paid advertisements, #Paid promotes engaging partnerships that enhance brand visibility and reach. With a focus on meaningful collaborations, the company streamlines the process for brands looking to leverage the influence of creators in their marketing campaigns.

Nylas

Series C in 2021
Nylas Inc., established in 2013 and headquartered in San Francisco, develops a communications platform-as-a-service (CPaaS) that facilitates seamless connectivity between applications and email, calendar, and contact services. The company's flagship product, Nylas, enables businesses worldwide to automate manual tasks, create personalized experiences, and gain insights from communication data. It offers bi-directional sync with major providers like Gmail, Outlook.com, Microsoft Exchange, Office 365, and IMAP, supporting embedded calendar features and recurring events. Nylas operates additional locations in New York and Denver.

Weelo

Seed Round in 2021
Weelo LLC is a software development company based in Cairo, Egypt, founded in 2017. It specializes in creating AI-powered solutions for the grocery and supermarket sector, enabling efficient order and delivery processes. The platform allows customers to order a range of products, including fruits, vegetables, grains, and household items, directly from their nearest supermarkets. In addition to facilitating customer orders, Weelo provides supermarkets with tools for real-time inventory management, dashboards, analytics, and back-office support, enhancing their ability to manage multiple sales channels and improve overall sales performance. By leveraging automation and predictive analytics, Weelo fosters seamless connections between trading partners, including manufacturers, suppliers, distributors, and retailers.

Rewind

Series A in 2021
Founded in 2015, Rewind is dedicated to assisting small and medium businesses in maintaining their online growth. With over 30,000 customers across 100 countries, Rewind offers highly-rated software and support to help businesses manage their software-as-a-service data effectively. By providing solutions for data protection and recovery, Rewind enables businesses to safeguard the information necessary for their continued success and development.

Neurodigm

Series A in 2020
Neurodigm develops AI technology for prediction and vision recognition and applies deep learning to construction-system monitoring. The company integrates data from various sensors attached to bridges and uses intelligent systems to assess structural health, determine when components should be replaced or repaired, and report findings to managers, enabling preventive maintenance and proactive traffic management. By combining AI-driven prediction with sensor fusion for civil infrastructure, Neurodigm helps clients optimize maintenance schedules and reduce downtime.

Solink

Series B in 2020
Solink is a security platform focused on capturing and auditing video and transactional data to proactively reduce fraud. The company provides a data-driven solution that integrates cloud video surveillance with point-of-sale systems, allowing clients to monitor daily operations in real time. By automatically matching in-store transactions to video footage, Solink's platform helps users identify suspicious events and manage loss prevention effectively. Additionally, it aids in optimizing business operations and ensuring compliance with policies and standards, enabling clients to access and secure all their locations remotely.

Nylas

Series B in 2020
Nylas Inc., established in 2013 and headquartered in San Francisco, develops a communications platform-as-a-service (CPaaS) that facilitates seamless connectivity between applications and email, calendar, and contact services. The company's flagship product, Nylas, enables businesses worldwide to automate manual tasks, create personalized experiences, and gain insights from communication data. It offers bi-directional sync with major providers like Gmail, Outlook.com, Microsoft Exchange, Office 365, and IMAP, supporting embedded calendar features and recurring events. Nylas operates additional locations in New York and Denver.

Cinchy

Series A in 2020
Cinchy Inc. is a Toronto-based company that specializes in developing a data collaboration platform utilizing data fabric technology. Founded in 2014, Cinchy's platform connects multiple data sources within a networked architecture, allowing organizations to manage and protect their data more effectively. By liberating data from application silos, Cinchy transforms it into a network of federated data products, facilitating real-time collaboration among systems and users. This approach eliminates the inefficiencies and errors associated with traditional data integration methods, such as APIs and spreadsheets, resulting in significant time and cost savings. Cinchy serves a diverse clientele, including major banks, retailers, and educational institutions, helping them accelerate transformation projects, improve data governance, and modernize legacy systems. The company's solutions also enhance compliance and streamline data workflows, ultimately fostering a more efficient and collaborative data environment.

Canalyst

Series B in 2020
Canalyst is a prominent provider of public company data and analysis, offering a cloud-based SaaS platform designed to modernize the equity research function. Established in 2015, the company delivers structured fundamental data and financial models on global public companies, facilitating efficient analysis for firms in the financial services and corporate sectors. Canalyst's platform is utilized by numerous organizations to streamline their workflows and enhance the accuracy of their financial assessments. With a workforce of around 200 employees, Canalyst operates offices in New York and Vancouver, reflecting its commitment to delivering high-quality data and insights.

Coconut Software

Series A in 2019
Coconut Software is a developer of a cloud-based appointment scheduling and visitor management platform designed to streamline customer interactions. The platform integrates on-location and digital channels, facilitating self-service booking, curbside pickup, online and physical queuing, and wait time tracking. Additionally, it supports callback requests and virtual meetings, along with contact center integration. Coconut Software's features include text and email reminders, queue management, staff and location oversight, system permission management, and the ability to create custom questions and metrics. By providing performance reporting and real-time traffic insights, the platform enables banks and credit unions to reduce customer wait times and alleviate pressure on staff, ultimately improving overall service efficiency.

RenoRun

Series A in 2019
RenoRun Inc. is a construction materials delivery company that caters to the needs of the construction industry. Founded in 2016 and headquartered in Montreal, Canada, the company offers a wide range of products, including beams, bricks, and concrete mixes. RenoRun has developed a mobile-friendly platform that allows general contractors to place orders easily, streamlining the process of procuring materials. This innovative service minimizes wasted time and effort for contractors by providing efficient delivery directly to job sites, with trained runners ensuring timely collection and drop-off of materials. In addition to its Montreal headquarters, RenoRun operates in Toronto, Canada, and Austin, Texas, positioning itself as a significant player in the construction supply market.

Naborly

Seed Round in 2019
Naborly revolutionizes tenant screening for landlords by providing secure, AI-driven identity, income, and employment verification. It empowers tenants with tools to build credit through rent payments, share rental applications digitally, and control their data access.

Penny AI Technologies

Seed Round in 2019
Founded in 2017, Penny AI Technologies develops an AI-driven CRM app that automates sales tasks and enhances customer experience. Its platform prioritizes next steps, creates consultants, and delivers targeted activity lists.

Sonder

Series D in 2019
Sonder is a hospitality company that designs, selects, and directly manages a portfolio of apartment-style accommodations, including rooms, suites, apartments, and boutique hotel properties, for short- and long-term stays. It operates in more than 30 cities across eight countries and three continents, with each property chosen, designed, and managed by the company. The business blends well-designed spaces with a technology-driven service model, supported by a mobile app that enables self-service features and 24/7 on-the-ground support. By offering flexible stays such as month-to-month arrangements, Sonder delivers modern, consistent experiences across diverse locations.

reDock

Seed Round in 2019
reDock Inc., established in 2016 and headquartered in Ottawa, Canada, specializes in AI-driven software that streamlines and accelerates the process of responding to complex Request for Proposals (RFPs). Its platform automates document management, requirement matching, and compliance checks, enabling IT consulting, IT staffing, and management consulting firms in North America to create compelling proposals up to ten times faster.

Medstack

Seed Round in 2019
Founded in 2015, Medstack operates an end-to-end cloud platform designed specifically for healthcare application developers. Its services streamline development processes by offering automated security measures, pre-written compliance policies, and a scalable DevOps platform. This enables digital health companies to meet privacy, security, and interoperability expectations efficiently.

RenoRun

Seed Round in 2019
RenoRun Inc. is a construction materials delivery company that caters to the needs of the construction industry. Founded in 2016 and headquartered in Montreal, Canada, the company offers a wide range of products, including beams, bricks, and concrete mixes. RenoRun has developed a mobile-friendly platform that allows general contractors to place orders easily, streamlining the process of procuring materials. This innovative service minimizes wasted time and effort for contractors by providing efficient delivery directly to job sites, with trained runners ensuring timely collection and drop-off of materials. In addition to its Montreal headquarters, RenoRun operates in Toronto, Canada, and Austin, Texas, positioning itself as a significant player in the construction supply market.

Solink

Series A in 2019
Solink is a security platform focused on capturing and auditing video and transactional data to proactively reduce fraud. The company provides a data-driven solution that integrates cloud video surveillance with point-of-sale systems, allowing clients to monitor daily operations in real time. By automatically matching in-store transactions to video footage, Solink's platform helps users identify suspicious events and manage loss prevention effectively. Additionally, it aids in optimizing business operations and ensuring compliance with policies and standards, enabling clients to access and secure all their locations remotely.

Cinchy

Seed Round in 2018
Cinchy Inc. is a Toronto-based company that specializes in developing a data collaboration platform utilizing data fabric technology. Founded in 2014, Cinchy's platform connects multiple data sources within a networked architecture, allowing organizations to manage and protect their data more effectively. By liberating data from application silos, Cinchy transforms it into a network of federated data products, facilitating real-time collaboration among systems and users. This approach eliminates the inefficiencies and errors associated with traditional data integration methods, such as APIs and spreadsheets, resulting in significant time and cost savings. Cinchy serves a diverse clientele, including major banks, retailers, and educational institutions, helping them accelerate transformation projects, improve data governance, and modernize legacy systems. The company's solutions also enhance compliance and streamline data workflows, ultimately fostering a more efficient and collaborative data environment.

Nylas

Series B in 2018
Nylas Inc., established in 2013 and headquartered in San Francisco, develops a communications platform-as-a-service (CPaaS) that facilitates seamless connectivity between applications and email, calendar, and contact services. The company's flagship product, Nylas, enables businesses worldwide to automate manual tasks, create personalized experiences, and gain insights from communication data. It offers bi-directional sync with major providers like Gmail, Outlook.com, Microsoft Exchange, Office 365, and IMAP, supporting embedded calendar features and recurring events. Nylas operates additional locations in New York and Denver.

FundThrough

Series A in 2018
Founded in 2014, FundThrough operates an online platform that provides financing solutions to entrepreneurs and small businesses. It offers lines of credit based on outstanding invoices, enabling clients to access working capital quickly with minimal obligations.

Dooly

Seed Round in 2018
Dooly Research Ltd. is a Vancouver-based company that specializes in developing artificial intelligence-driven software designed to enhance the efficiency of sales teams. Founded in 2015, Dooly's platform automates the customer relationship management process by monitoring and sharing digital notes, fields, and tasks from meetings and customer interactions. This software facilitates the seamless transfer of information between team members and systems, thereby addressing the challenges of note-taking and information sharing. By organizing workflow systems in real-time, Dooly's platform enables businesses to minimize administrative tasks, allowing sales teams to concentrate on core activities essential for closing deals.

#Paid

Series A in 2018
#Paid is a technology company that offers a creative marketing platform designed to facilitate collaboration between brands and social media creators. The platform enables brands to connect with a diverse array of artists, travelers, storytellers, and photographers globally, allowing for authentic product placements on social media. By transforming creator-generated content into paid advertisements, #Paid promotes engaging partnerships that enhance brand visibility and reach. With a focus on meaningful collaborations, the company streamlines the process for brands looking to leverage the influence of creators in their marketing campaigns.

Wysdom.AI

Series A in 2018
Wysdom.AI is a cognitive care solutions provider based in Richmond Hill, Canada, with additional offices in Atlanta, Kansas City, and London. Founded in 2012, the company specializes in Virtual Agent Operations, assisting clients in launching and managing virtual agents effectively. Recognizing that many virtual agents face challenges in implementation and operation, Wysdom.AI offers a dedicated team along with the necessary tools and data to optimize the performance of chatbots. This enables organizations to better handle high volumes of customer service inquiries, sales support, and employee assistance, thereby improving overall operational efficiency.

Rose Rocket

Venture Round in 2017
Rose Rocket, Inc. is a transportation management software company based in Toronto, Canada, founded in 2015. The company specializes in developing software solutions tailored for the trucking and freight industries, particularly for less-than-truckload carriers. Its platform facilitates the management of critical order processes, connecting shippers with brokers, carriers, private fleet companies, and third-party logistics providers through an online portal. By streamlining communication and improving operational efficiency, Rose Rocket's software enables users to automate manual tasks, maintain audit trails, and access real-time information throughout the supply chain, ultimately enhancing the overall logistics experience.

Coconut Software

Series A in 2017
Coconut Software is a developer of a cloud-based appointment scheduling and visitor management platform designed to streamline customer interactions. The platform integrates on-location and digital channels, facilitating self-service booking, curbside pickup, online and physical queuing, and wait time tracking. Additionally, it supports callback requests and virtual meetings, along with contact center integration. Coconut Software's features include text and email reminders, queue management, staff and location oversight, system permission management, and the ability to create custom questions and metrics. By providing performance reporting and real-time traffic insights, the platform enables banks and credit unions to reduce customer wait times and alleviate pressure on staff, ultimately improving overall service efficiency.

Solink

Venture Round in 2017
Solink is a security platform focused on capturing and auditing video and transactional data to proactively reduce fraud. The company provides a data-driven solution that integrates cloud video surveillance with point-of-sale systems, allowing clients to monitor daily operations in real time. By automatically matching in-store transactions to video footage, Solink's platform helps users identify suspicious events and manage loss prevention effectively. Additionally, it aids in optimizing business operations and ensuring compliance with policies and standards, enabling clients to access and secure all their locations remotely.

Wysdom.AI

Series A in 2017
Wysdom.AI is a cognitive care solutions provider based in Richmond Hill, Canada, with additional offices in Atlanta, Kansas City, and London. Founded in 2012, the company specializes in Virtual Agent Operations, assisting clients in launching and managing virtual agents effectively. Recognizing that many virtual agents face challenges in implementation and operation, Wysdom.AI offers a dedicated team along with the necessary tools and data to optimize the performance of chatbots. This enables organizations to better handle high volumes of customer service inquiries, sales support, and employee assistance, thereby improving overall operational efficiency.

SortSpoke

Seed Round in 2017
SortSpoke provides an AI-powered cloud service that automates data extraction from documents. The software learns how organizations classify documents and which data to extract, then performs the extraction automatically, including machine-printed text and tables, converting it into usable data. By automating manual document processing, it reduces labor costs, minimizes manual errors, and shortens cycle times. The platform handles diverse document types to deliver structured data, enabling faster data entry and more consistent results across data-intensive workflows.

Splash

Series B in 2016
Splash is a company that offers an online marketing automation platform specifically designed for event marketers and field marketing teams. Its tools enable the creation, design, and execution of virtual, in-person, and hybrid events, focusing on delivering memorable experiences that engage attendees and drive business value. The platform allows users to build customized event websites, create online invitations, sell tickets, and connect attendees with the marketing channels of their organizations. By streamlining the event marketing process, Splash empowers businesses to scale their efforts and enhance digital experiences effectively.

Neuranet

Venture Round in 2016
Neuranet develops Flexitive, a SaaS-based HTML5 design platform that enables brands, agencies, and publishers to create responsive advertisements and content across multiple screen sizes. The tool automates design workflows for designers and developers, adapting layouts to various sizes and exporting assets for multi-channel use, including video and animated GIFs. It supports data-driven and live elements to tailor outputs by demographics, geography, language, or data feeds, helping global brands scale and streamline production of adaptable ads.

FundThrough

Debt Financing in 2016
Founded in 2014, FundThrough operates an online platform that provides financing solutions to entrepreneurs and small businesses. It offers lines of credit based on outstanding invoices, enabling clients to access working capital quickly with minimal obligations.

Naborly

Angel Round in 2016
Naborly revolutionizes tenant screening for landlords by providing secure, AI-driven identity, income, and employment verification. It empowers tenants with tools to build credit through rent payments, share rental applications digitally, and control their data access.

Fusebill

Series A in 2016
Fusebill Inc. is a Canadian company that specializes in automating invoicing, billing, collections, and customer lifecycle management for subscription-based businesses. Founded in 2011 and headquartered in Kanata, it provides a cloud-based platform that streamlines various financial processes, enabling companies to manage subscriber milestones such as upgrades, downgrades, cross-selling, and churn management. Serving both B2B and B2C sectors, Fusebill caters primarily to industries including software as a service, digital media, and communications. By automating manual accounting tasks and workflows, the company empowers small and medium-sized enterprises to enhance their operational efficiency, seize new product opportunities, and maintain a competitive advantage in the market.

Mavencare

Seed Round in 2015
Mavencare specializes in home care services, focusing on enabling seniors to safely age in place. They offer a range of services including companionship, housekeeping, meal preparation, personal care, nursing care, and specialized care. Mavencare leverages technology to optimize caregiver hiring, match clients with caregivers, collect community-based data, and identify potential risks using machine learning algorithms.

Plooto

Seed Round in 2015
Plooto is a cloud-based payments platform for small and medium-sized businesses that automates and streamlines payments. The platform enables users to send and receive payments online and automatically reconciles transactions with leading accounting software. It supports payments to anyone with an active bank account and typically completes transfers within 2-3 business days. Founded in 2015, Plooto is headquartered in Toronto, Canada.

Mojix

Series D in 2015
Founded in 2004, Mojix is a global leader specializing in item-level intelligence solutions for manufacturing, supply chain, and retail. The company offers high-security, globally scalable cloud-hosted SaaS platforms utilizing technologies such as RFID, NFC, and print-based marking systems. Mojix tracks billions of unique identities throughout the product lifecycle, enabling businesses to enhance sales efficiency, mitigate risks, and improve customer experience.

AutoGraph

Series A in 2012
AutoGraph Inc., established in 2011, specializes in privacy-enhancing technology. Headquartered in Seattle, Washington, with a European base in London, the company develops solutions that empower users to control their personal data online without revealing it. Their flagship product, autoGraph Connect, enables mobile operators to manage subscriber data privacy and explore new revenue streams as networks transition to 5G. AutoGraph maintains a strategic partnership with Mastek.

Mojix

Series A in 2005
Founded in 2004, Mojix is a global leader specializing in item-level intelligence solutions for manufacturing, supply chain, and retail. The company offers high-security, globally scalable cloud-hosted SaaS platforms utilizing technologies such as RFID, NFC, and print-based marking systems. Mojix tracks billions of unique identities throughout the product lifecycle, enabling businesses to enhance sales efficiency, mitigate risks, and improve customer experience.
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