Silicon Valley Bank

Silicon Valley Bank is a commercial bank headquartered in Santa Clara, California, specializing in providing diversified financial services to companies in technology, life sciences, cleantech, venture capital, private equity, and premium wine sectors. Established in 1983, it offers a range of services including debt financing, treasury management, corporate investment, and international banking. The bank operates through 27 offices in the United States and has an international presence with seven operations worldwide. By leveraging its industry expertise and global connections, Silicon Valley Bank aims to enhance the success potential of its clients, which include both emerging growth and established businesses. Additionally, its UK branch, founded in 2010, facilitates cross-border transactions and supports clients in meeting their strategic needs. The bank is recognized for its commitment to service excellence and innovation within the financial sector.

Trefor Bacon

Managing Director

Greg Becker

CEO

Julie Betts

Managing Director

Gerald Brady

Managing Director, SVB Network

Samantha Colletti

Director

Peter Freyer

Managing Director of National Healthcare Sponsor Finance and Life Sciences

Dennis Grunt

Director

Nicole Hawkey

Director

Stephen Lowery

Managing Director

Scott McCarty

Director - Life Sciences

Andrew Oddo

Managing Director, Startup Banking

Eric Otterson

Managing Director

Robert Parker

Director

Sameer Paul

Director

Priya Rajan

Managing Director - India and Middle East and North Africa

Laura Scott

Managing Director

Ben Tickler

Managing Director - Enterprise Software

Past deals in Canada

Vive Crop Protection

Debt Financing in 2022
Vive Crop Protection, Inc. is a Canadian company based in Mississauga, with additional operations in Boston and Calgary. Founded in 2006, the company develops and markets innovative crop protection products, including fungicides, insecticides, and nematicides. Vive utilizes its proprietary Allosperse Delivery System, a groundbreaking nanotechnology, to enhance the effectiveness of its products and provide new solutions for farmers. This technological advancement positions Vive at the forefront of agricultural innovation, enabling the company to meet the evolving needs of the agricultural sector.

SWTCH

Debt Financing in 2022
SWTCH Energy Inc. provides electric vehicle (EV) charging and energy management solutions tailored for high-density urban environments. Founded in 2016 and based in Toronto, Canada, the company focuses on facilitating the transition to electric mobility by offering services for multi-residential, workplace, commercial, retail, and residential settings. Its innovative platform optimizes charger usage through features such as intelligent load management, real-time usage analytics, and seamless integration with existing electrical systems. SWTCH is dedicated to improving EV charging accessibility, thereby supporting the growing demand for electric vehicles and promoting sustainability. By enhancing charging infrastructure, the company aims to attract eco-conscious tenants, employees, and customers while delivering economic and environmental benefits associated with widespread EV adoption.

Maxsold

Series B in 2022
MaxSold Incorporated operates an online auction platform that facilitates estate sales, downsizing, and business liquidations. The company specializes in handling all aspects of these sales, allowing sellers to auction off a large volume of items efficiently. MaxSold caters to those looking to declutter or sell excess inventory, as well as to organizations seeking to raise funds through charity auctions. By connecting sellers with buyers in their local areas, MaxSold provides a streamlined process for selling unique items and treasures.

Wrk

Debt Financing in 2022
Developer of an integration and delivery platform designed to fulfill the company's work at exactly the scale they need. The company's platform is expertly engineered to handle tasks ranging from simple data entry and research tasks to complex internal processes like generating custom reports or configuring entire websites, enabling clients to automate and scale any business process.

Seekda

Debt Financing in 2022
Kognitiv is redefining how consumer loyalty is created and nourished globally. We help our clients sell more, and recognize a higher yield, by crafting smarter loyalty and reward programs using machine learning and data science. We deliver quantifiable and sustainable loyalty gains to the world’s most reputable companies. Our central technology, the Loyalty Capital Network™, brings asset owners and member brands together in a new peer to peer network – unearthing lost value to intelligently match consumer needs and future intentions with a vast collection of capital-intense assets like flights and hotel rooms. Our skills are focused on generating peer to peer marketplaces that serve the best interests of all parties and our efforts continuously amplify the beneficial effects of this new form of value creation. We are the catalyst that will finally make business truly Open, Transparent and Collaborative. Kognitiv is headquartered in Waterloo, Canada, with over 220 team members in Canada (Waterloo, Mississauga, and Toronto), Argentina (La Plata), Austria (Vienna), Hong Kong, India (Bengaluru and Pune), UK (London, Manchester, and Bournemouth) and United States (Charlottesville).
Freshlocal Solutions offers end-to-end grocery e-commerce solutions by operating two primary businesses FoodX and eGrocery.

GoBolt

Series B in 2021
GoBolt, formerly known as Second Closet Incorporated, provides valet self-storage services that enable customers to store their belongings conveniently and securely. Founded in 2017 and based in Toronto, Canada, the company offers a comprehensive solution where customers can schedule pickups and returns of their items. GoBolt delivers boxes for customers to use for storage, then collects these items to be stored in a climate-controlled warehouse. The service is designed to be user-friendly, allowing clients to pay only for the space they utilize, making it an affordable option for those in need of storage solutions.

GoBolt

Debt Financing in 2021
GoBolt, formerly known as Second Closet Incorporated, provides valet self-storage services that enable customers to store their belongings conveniently and securely. Founded in 2017 and based in Toronto, Canada, the company offers a comprehensive solution where customers can schedule pickups and returns of their items. GoBolt delivers boxes for customers to use for storage, then collects these items to be stored in a climate-controlled warehouse. The service is designed to be user-friendly, allowing clients to pay only for the space they utilize, making it an affordable option for those in need of storage solutions.

Fellow

Series A in 2021
Fellow Insights, Inc. is a Canadian company founded in 2017 that specializes in cloud-based employee management software. The platform is designed to support managers, team leaders, and employees in planning and managing various work interactions, including one-on-one meetings, team meetings, performance reviews, and feedback sessions. By offering personalized recommendations, Fellow aims to enhance team collaboration and bonding. Its tools facilitate effective communication and goal-setting, making it suitable for teams of all sizes. The software serves as a lightweight application that empowers leaders to optimize their management practices and foster a productive work environment.

Silofit

Debt Financing in 2021
Silofit Inc. provides on-demand private fitness spaces through its mobile application, allowing users to book locations, fitness professionals, and therapists for health and wellness purposes. The company specializes in converting small offices and storefronts, ranging from 350 to 1,000 square feet, into micro-gyms that can be rented by the hour. Users can easily access these spaces by booking through the app and entering a pin code to unlock the door, enabling them to work out alone, with a friend, or with a professional. Additionally, fitness professionals can rent these spaces at competitive rates, significantly lower than traditional options. Founded in 2017 and based in Montreal, Canada, Silofit aims to provide a flexible fitness solution without the commitment of monthly memberships, offering gym equipment, toiletries, and refreshments to enhance the user experience.
Eupraxia Pharmaceuticals Inc. is a Canadian drug delivery technology company focused on improving the efficacy and safety of existing medications. Established in 2012 and based in Victoria, the company specializes in innovative injectable drug delivery systems that target specific body compartments, such as joints, while minimizing systemic exposure. This technology aims to enhance patient compliance and therapeutic outcomes for prevalent conditions, including arthritis, diabetic macular edema, and chronic pain. Eupraxia is actively engaged in research and development, collaborating with medical professionals and enterprises to advance its portfolio of drug and delivery system opportunities. By leveraging partnerships with experienced organizations, Eupraxia seeks to streamline the process of bringing new therapies to market, thereby increasing value for its shareholders and contributing to healthcare advancements.

Tealbook

Debt Financing in 2021
Tealbook, Inc. operates an online supplier knowledge management and procurement platform aimed at enhancing buyer-supplier relationships. Headquartered in Toronto, Canada, the company consolidates and centralizes credible supplier information, including company details, product offerings, social media feeds, and diversity certifications. This data-driven platform facilitates procurement teams in identifying qualified suppliers, collaborating with stakeholders, and improving visibility and analytics across the supplier base. Tealbook integrates seamlessly with various enterprise systems, such as ERP and contract management tools, to streamline procurement processes. Since its incorporation in 2012, Tealbook has gained recognition for its innovative approach, earning placements on lists like the CIX Top 20 and the Gartner Cool Vendor list. The platform is designed to empower organizations by providing access to a broader ecosystem of qualified suppliers, thereby enabling agile procurement and fostering meaningful partnerships.

Canary Medical

Debt Financing in 2021
Canary Medical Inc. specializes in the development of medical implant and data management devices that facilitate remote patient monitoring and data collection. The company's primary innovation is the Canary Health Implantable Reporting Processor (CHIRP), a sensor-based device designed to gather and process medical data without requiring direct physician intervention. Additionally, Canary Medical creates smart medical devices that provide self-reports on patient activity, recovery, and treatment outcomes, thereby enhancing patient compliance. Established in 2013 and headquartered in Vancouver, Canada, the company has also formed a joint venture with BioScience Managers to launch CHARM Informatics, a platform aimed at collecting and monetizing data from implantable and wearable medical devices.

AutoLeap

Debt Financing in 2020
AutoLeap Incorporated provides a software platform designed for automotive repair shops to enhance their operational efficiency. Founded in 2019 and based in Toronto, Canada, the platform facilitates the organization of daily tasks, job scheduling, digital inspections, technician management, and customer invoicing. By streamlining these processes, AutoLeap enables repair shop owners to engage with customers more effectively, optimize technician performance, and ultimately increase revenue. The software's user-friendly interface supports automotive businesses in overseeing their operations and accessing performance data in real time.

Properly

Debt Financing in 2020
Properly Inc. is a residential real estate company founded in 2018 and headquartered in Toronto, Canada. The company offers a streamlined solution for homeowners looking to sell their properties, utilizing technology and local market expertise to simplify the process. Properly provides fair-market offers and allows sellers to close on their own timeline, alleviating common stressors associated with home sales, such as extended showings, repairs, and the risk of buyers backing out. Through its online platform, Properly facilitates the buying and selling of residential properties, aiming to create a more efficient and user-friendly experience for families navigating the real estate market.

Veem

Venture Round in 2020
Veem Inc. is a payment service provider that offers a platform designed to simplify the process of sending and receiving payments for businesses. Founded in 2014 and headquartered in San Francisco, California, the company utilizes blockchain technology to facilitate international payments, eliminating the need for intermediary banks and thereby reducing costs for small- and medium-sized enterprises. Veem's platform allows users to send and receive payments in local currency, track transactions in real time, generate invoices, and upload mass documents. Additionally, it integrates with various accounting platforms to streamline financial operations. With offices in Kanata, Canada, and Shanghai, China, Veem aims to create a user-focused financial ecosystem that enhances the efficiency of cross-border transactions.

Clir Renewables

Debt Financing in 2020
Clir Renewables Inc. specializes in developing cloud-based software for renewable energy asset management and reporting. Founded in 2016 and headquartered in Vancouver, Canada, with an office in Glasgow, United Kingdom, Clir's software-as-a-service platform aims to enhance the performance and profitability of renewable energy plants. By integrating advanced artificial intelligence with deep domain expertise, the platform assists asset managers and owners in optimizing annual energy production, monitoring asset health, and managing both financial and technical risks.

Upgrade

Series D in 2020
Upgrade, Inc. is an online lending platform based in San Francisco, California, with additional offices in Phoenix, Montreal, and Chicago. Founded in 2016, the company operates as a neobank, providing access to personal loans and innovative credit products, such as the Upgrade Card, which combines the benefits of installment lending with traditional credit card usage. Upgrade focuses on offering affordable and responsible credit solutions to mainstream consumers while also providing free credit monitoring and educational resources aimed at helping individuals manage their finances effectively. Through its services, Upgrade enables consumers to gain a better understanding of their credit health and make informed financial decisions.

Symend

Series B in 2020
Symend Inc. develops a digital engagement platform designed to enhance debt recovery processes while prioritizing positive customer experiences. Founded in 2016 and based in Calgary, Canada, with additional offices in Toronto and Denver, the company utilizes behavioral science and advanced analytics to provide enterprise clients with insights into consumer behavior. This enables businesses to engage customers effectively and encourages them to resolve past due bills through personalized communications, self-service tools, and flexible repayment options. Symend's platform incorporates features such as treatment planning and campaign management, aiming to reduce debt delinquency and improve customer satisfaction. The company serves a diverse range of industries, including telecommunications, financial services, utilities, and media, and operates globally across North America, Latin America, and the Asia-Pacific region.

FORM

Series A in 2020
FORM is a sports technology company with a simple mission: to break down the barriers between what swimming is and what it could be. We believe in putting swimmers first, so we work closely with them as we build our products—and beyond. We also believe in staying focused: shooting down good ideas so we can execute on great ones. Most of all, we believe in doing things nobody has done before. That’s kinda our thing.

Illumin

Post in 2020
AcuityAds is a technology company that enables marketers to connect intelligently with their most meaningful audiences through digital media. A Self-Serve programmatic marketing platform, powered by machine learning, is at the core of its business. This is accompanied by strategic digital advertising solutions that cater to social, mobile and video-specific needs. AcuityAds empowers marketers by offering transparency on costs and brand safety, and real-time reporting and analytics, bringing accountability to programmatic advertising to deliver business results. AcuityAds is headquartered in Toronto, Canada with sales offices in New York City, Boston, Chicago, Los Angeles, San Francisco, San Diego, Vancouver, Calgary and Montreal. For more information, visit AcuityAds.com.

AdHawk Microsystems

Debt Financing in 2020
AdHawk Microsystems Inc. specializes in developing eye and gesture tracking software technology alongside micro-electromechanical systems for mobile and wearable devices. Founded in 2015 and located in Kitchener, Canada, the company offers a camera-free eye tracking system that facilitates mobile data capture and supports advancements in augmented and virtual reality solutions. AdHawk aims to create a seamless layer of technology that intuitively responds to the needs, intents, and emotional states of users, ultimately enhancing their everyday experiences.

ResQ

Funding Round in 2020
ResQ is the all-in-one app to request, track and pay for your restaurant's repair and maintenance needs.

Rimilia

Venture Round in 2020
Rimilia creates software finance people love by enabling tight integration between the front and back office. Rimilia provides companies around the globe increased revenue per customer, clearer information and better control over cash flow. As a global solution, Rimilia works with any currency, any bank, any ERP, in any country and language. Rimilia has offices located in Bromsgrove and London in the UK, Denver, Colorado in the US, and Toronto in Canada.

Delphia

Series A in 2019
Delphia Inc. is a Toronto-based company that provides an innovative investment platform, allowing individuals to transform their personal data into investment capital. By participating in artificially intelligent surveys, users can share insights about their lives and perspectives, which Delphia uses to enhance investment returns. This approach enables users to build wealth without needing initial financial resources, marking a significant shift in how investment opportunities are accessed. Delphia's platform empowers individuals by strategically managing their data, creating a competitive advantage in financial markets and facilitating informed decision-making. Through this model, Delphia aims to drive economic empowerment and sustainable growth for both individual and institutional investors.

RenoRun

Series A in 2019
RenoRun Inc. is a construction materials delivery company that provides a wide range of products, including beams, bricks, and concrete mixes, primarily serving the construction industry. Established in 2016 and headquartered in Montreal, Canada, RenoRun operates in key markets such as Toronto, Canada, and Austin, Texas. The company offers a mobile-friendly platform that allows general contractors to efficiently order materials and receive timely deliveries directly to job sites, thereby enhancing productivity and reducing downtime. With a focus on streamlining the procurement process, RenoRun aims to be the largest single-source platform for construction materials, simplifying the supply chain for contractors and builders.

Parity

Debt Financing in 2019
Parity is a software for buildings that automatically manages their energy and tracks their savings.

Remitly

Debt Financing in 2019
Remitly Global, Inc. is a digital remittance company that facilitates international money transfers through its extensive global network, serving regions such as Africa, Asia, Central Europe, and South America. The company offers a mobile payment service that allows users to send money from the United States, Canada, and the United Kingdom using various digital devices. Remitly aims to disrupt the traditional money transfer industry, which is valued at $588 billion annually, by employing advanced technology to streamline the process and reduce fees. As a licensed money transmitter, Remitly operates in 49 states and Washington, D.C., generating revenue primarily from transaction fees and foreign exchange spreads. Founded in 2011 and headquartered in Seattle, Washington, Remitly also maintains offices in London, Manila, and Nicaragua.

Xanadu

Series A in 2019
Xanadu Quantum Technologies Inc., founded in 2016 and based in Toronto, Canada, specializes in developing photonic quantum computers. The company integrates quantum silicon photonic chips into existing hardware to create full-stack quantum computing solutions. Xanadu offers several software tools, including PennyLane, a Python library for quantum machine learning and hybrid quantum-classical computations, and Strawberry Fields, an open-source programming language for quantum computing. The company aims to make quantum computing accessible and beneficial by addressing real-world challenges and enhancing computational capabilities beyond classical methods. By combining expertise from leading scientists and industry professionals, Xanadu is positioning itself as a significant player in the quantum technology landscape.

Borrowell

Series B in 2019
Borrowell Inc. is a financial services company based in Toronto, Canada, founded in 2014. It operates an online marketplace-lending platform that connects borrowers with lenders, offering a variety of financial products, including personal loans and credit cards. Borrowell provides Canadians with tools to manage their financial well-being, including free credit score monitoring and personalized recommendations for financial products from various partners. The platform aims to simplify the borrowing process by empowering users to make informed decisions, access low-interest loans, and improve their overall financial health. Through its innovative approach, Borrowell seeks to enhance the borrowing experience for Canadians.

Phathom Pharmaceuticals

Debt Financing in 2019
Phathom Pharmaceuticals, Inc., a clinical-stage biopharmaceutical company, focuses on developing and commercializing treatments for gastrointestinal diseases. The company has the rights in the United States, Europe, and Canada to vonoprazan, a potassium-competitive acid blocker (P-CAB) that blocks acid secretion in the stomach. It is also developing vonoprazan, which is in Phase III clinical trials for the treatment of erosive gastroesophageal reflux disease; and in combination with antibiotics for the treatment of Helicobacter pylori infection. The company was incorporated in 2018 and is based in Buffalo Grove, Illinois.

Jam City

Venture Round in 2019
Jam City, Inc. develops mobile games. Jam City, Inc. was formerly known as SGN Games, Inc. and changed its name to Jam City, Inc. in September 2016. The company was founded in 2007 and is based in Culver City, California with studios in Los Angeles, Seattle, San Francisco, San Diego, and Buenos Aires; and a subsidiary in Toronto, Canada.

Hyas

Debt Financing in 2018
HYAS Infosec Inc. is an information security company based in Nanaimo, Canada, founded in 2014. It specializes in developing advanced cybersecurity technology solutions for enterprise, small and medium-sized businesses, and consumer markets. The company's flagship product, Comox, is a security intelligence platform that connects specific attack instances and campaigns to historical indicators of compromise. It allows users to research malware samples and network traffic, providing valuable insights to enhance existing security information and event management (SIEM) efforts. Comox is utilized by a diverse clientele, including financial institutions, Fortune 500 companies, international law enforcement agencies, and major security firms. Additionally, HYAS is recognized as a leader in pre-zero-day cybersecurity risk, offering the industry’s first solution that seamlessly integrates with existing security frameworks to detect and mitigate cyber risks proactively while identifying potential adversaries.

SVB Leerink LLC

Acquisition in 2018
SVB Leerink LLC is a prominent investment bank that specializes in the healthcare sector. Founded with a focus on providing strategic and capital markets advice, the firm leverages its extensive knowledge and experience to assist clients in achieving their financial objectives. SVB Leerink partners with companies involved in the development and commercialization of innovative healthcare products and services, playing a significant role in shaping the future of the industry. The firm is recognized for its commitment to understanding the unique challenges and opportunities within the healthcare landscape, allowing it to deliver tailored solutions that meet the specific needs of its clients.

Veem

Corporate Round in 2018
Veem Inc. is a payment service provider that offers a platform designed to simplify the process of sending and receiving payments for businesses. Founded in 2014 and headquartered in San Francisco, California, the company utilizes blockchain technology to facilitate international payments, eliminating the need for intermediary banks and thereby reducing costs for small- and medium-sized enterprises. Veem's platform allows users to send and receive payments in local currency, track transactions in real time, generate invoices, and upload mass documents. Additionally, it integrates with various accounting platforms to streamline financial operations. With offices in Kanata, Canada, and Shanghai, China, Veem aims to create a user-focused financial ecosystem that enhances the efficiency of cross-border transactions.

HLS Therapeutics

Post in 2018
HLS is dedicated to the stewardship of branded pharmaceuticals through their life cycles post - exclusivity. HLS ensures the availability of treatments critical to patients and their caregivers with the brand names they trust.

Upgrade

Series C in 2018
Upgrade, Inc. is an online lending platform based in San Francisco, California, with additional offices in Phoenix, Montreal, and Chicago. Founded in 2016, the company operates as a neobank, providing access to personal loans and innovative credit products, such as the Upgrade Card, which combines the benefits of installment lending with traditional credit card usage. Upgrade focuses on offering affordable and responsible credit solutions to mainstream consumers while also providing free credit monitoring and educational resources aimed at helping individuals manage their finances effectively. Through its services, Upgrade enables consumers to gain a better understanding of their credit health and make informed financial decisions.

Inkbox

Debt Financing in 2018
Inkbox is a Toronto-based company specializing in semi-permanent tattoos and tattoo kits. Founded by brothers Tyler and Braden Handley, Inkbox emerged from their desire for a tattoo experience that avoids the permanence typically associated with traditional tattoos. The company offers tattoo kits that include an applicator, tattoo ink, gloves, a pre-moistened cloth, and an ethyl alcohol wipe. Inkbox tattoos are made from an organic fruit-based formula that allows the designs to last for about two weeks while providing the look and feel of real tattoos. Customers can choose from a diverse range of designs across various categories, including nature, music, and quotes, or they can create custom designs. The application process is straightforward, enabling users to apply tattoos at home without the need for needles.

Eventbase

Series B in 2018
Eventbase Technology Inc. specializes in mobile applications tailored for premium events, offering a suite of products including Eventbase Premium, Eventbase Enterprise, and Eventbase Free. The Eventbase Premium app provides a comprehensive platform featuring integrated rich media, social media connections, push messaging, and sponsorship activation. The company serves a distinguished clientele, including major technology firms like IBM and Cisco, and has developed official applications for significant global events such as SXSW, CES, Comic-Con, Sundance, and three Olympic Games. Eventbase is recognized for its innovative approach, having pioneered the "Intelligent Event App" and utilizing advanced technologies like chatbots and proximity beacons for enhanced networking experiences. Established in 2009 and headquartered in Vancouver, Canada, with an additional office in London, Eventbase caters to clients across Canada and the EMEA region. The company, formerly known as Xomo, rebranded in 2014 and has garnered multiple awards for its excellence in event technology.

Illumin

Post in 2018
AcuityAds is a technology company that enables marketers to connect intelligently with their most meaningful audiences through digital media. A Self-Serve programmatic marketing platform, powered by machine learning, is at the core of its business. This is accompanied by strategic digital advertising solutions that cater to social, mobile and video-specific needs. AcuityAds empowers marketers by offering transparency on costs and brand safety, and real-time reporting and analytics, bringing accountability to programmatic advertising to deliver business results. AcuityAds is headquartered in Toronto, Canada with sales offices in New York City, Boston, Chicago, Los Angeles, San Francisco, San Diego, Vancouver, Calgary and Montreal. For more information, visit AcuityAds.com.

Bench

Series B in 2018
Bench Accounting Inc. is a fintech company based in Vancouver, Canada, that specializes in providing online bookkeeping services for small businesses. Founded in 2012, the company combines intuitive software with a dedicated team of professional bookkeepers to automate accounting tasks, allowing clients to manage their finances more efficiently. Bench offers a range of services, including monthly financial statements, year-end financials, and year-round tax support, ensuring that business owners have access to comprehensive financial reporting and expert assistance. With a focus on affordability and convenience, Bench aims to streamline the bookkeeping process, empowering clients to concentrate on growing their businesses. The company has raised significant funding to support its operations and currently employs a workforce dedicated to serving thousands of clients across Canada.

Lightspeed POS

Series D in 2017
Lightspeed believes that commerce belongs to everyone. It belongs to the entrepreneurs who realize their dreams of starting a business, the storefronts and restaurants that project new perspectives onto city streets and the communities that are shaped by those businesses. Providing restaurateurs and retailers with the simplest way to run their businesses at full potential, Lightspeed helps entrepreneurs offer their customers positive and memorable experiences by taking care of the day-to-day management aspect of their business. More than 36,000 businesses processing over $13 billion in annual transactions use Lightspeed’s restaurant POS software and omnichannel retail solution to manage inventory, customer preferences, sales and reporting — all from one centralized platform. Believing that with the right technology, restaurateurs can better serve their customers and keep them coming back for seconds, Lightspeed has created an all-in-one point of sale, table management and analytics platform for restaurants and bars of all sizes. The company also offers end-to-end commerce solutions that help retailers build, manage and grow their businesses. Successful retailers around the world have chosen Lightspeed’s retail POS software, Lightspeed Retail, for its intuitive product and inventory management systems, built-in CRM and advanced reporting. Lightspeed eCom, the company’s eCommerce platform, is what bridges the gap between the in-store and online shopping experience. The platform was founded on the principle that marketing should be the primary concern of online merchants, rather than the technical maintenance of their website. Those who use Lightspeed eCom benefit from a platform that is flexible, scalable, ready to use within minutes and that comes with a built-in suite of marketing tools that help drive site traffic and sales. By combining Lightspeed eCom with Lightspeed Retail, retailers can provide their customers with omnichannel: a seamless shopping experience, whether they want to browse or buy in-store or online.

Nium

Series B in 2017
Nium is an advanced payments platform redefining the way consumers and businesses send, spend, and receive funds across borders. Nium’s goal is to make the movement of money seamless through being a universal plug for financial services. The company uses agile, elegant, and modular solutions for complex business problems. Be it an Individual, new-age digital bank, or a traditional industry behemoth, Nium pride itself on creating financial infrastructure for every level of sophistication​.​ Nium has created a payment mesh in Asia, which is being leveraged by individuals and corporates. The company also offers a configurable, multi-featured platform MassPay that helps corporate and SME users to manage and control their high-volume remittances to multiple beneficiaries in multiple currencies via a seamless process, enabling them to reduce cross-border money transfer costs by up to 80%. The company is licensed in the EU, Australia, Canada, Hong Kong, Malaysia, India, and Singapore. It is backed by marquee investors such as Vertex Ventures, Fullerton Financial Holdings, Global Founders Capital, GSR Ventures, and SBI-FMO Ventures. Its services and business model have been recognized on prestigious platforms such as Singapore Fintech Festival and India Fintech Awards in 2017.

Upgrade

Series A in 2017
Upgrade, Inc. is an online lending platform based in San Francisco, California, with additional offices in Phoenix, Montreal, and Chicago. Founded in 2016, the company operates as a neobank, providing access to personal loans and innovative credit products, such as the Upgrade Card, which combines the benefits of installment lending with traditional credit card usage. Upgrade focuses on offering affordable and responsible credit solutions to mainstream consumers while also providing free credit monitoring and educational resources aimed at helping individuals manage their finances effectively. Through its services, Upgrade enables consumers to gain a better understanding of their credit health and make informed financial decisions.

Veem

Series B in 2017
Veem Inc. is a payment service provider that offers a platform designed to simplify the process of sending and receiving payments for businesses. Founded in 2014 and headquartered in San Francisco, California, the company utilizes blockchain technology to facilitate international payments, eliminating the need for intermediary banks and thereby reducing costs for small- and medium-sized enterprises. Veem's platform allows users to send and receive payments in local currency, track transactions in real time, generate invoices, and upload mass documents. Additionally, it integrates with various accounting platforms to streamline financial operations. With offices in Kanata, Canada, and Shanghai, China, Veem aims to create a user-focused financial ecosystem that enhances the efficiency of cross-border transactions.

Snipp

Post in 2016
Snipp Interactive Inc. is a loyalty and promotions technology company that specializes in mobile marketing solutions, rebates, and loyalty programs. Headquartered in Toronto, Canada, Snipp operates in the United States, Canada, Ireland, and other international markets. The company's offerings include SnippCheck, a mobile receipt processing solution that facilitates purchase-based promotions; SnippWin, a platform for various promotional activities; and SnippLoyalty, which supports a range of loyalty programs. Additionally, Snipp provides SnippRewards, a rewards platform, and SnippInsights, a data analytics program that aggregates and analyzes data from its services. Snipp's solutions are designed to help brands and advertising agencies engage consumers effectively and drive sales through integrated marketing technology. Founded in 2007, the company has powered numerous programs for Fortune 1000 brands and has gained recognition for its growth and innovation in the industry.

ESSA

Post in 2016
ESSA Pharma Inc. is a clinical-stage pharmaceutical company headquartered in Vancouver, Canada, established in 2009. The company specializes in developing novel therapies for the treatment of advanced prostate cancer, particularly metastatic castration-resistant prostate cancer (CRPC). ESSA is advancing its lead product candidate, EPI-7386, which is an oral small molecule designed to selectively block the amino-terminal domain of the androgen receptor (AR). This mechanism targets a critical component necessary for the growth and survival of prostate cancer cells, aiming to address the resistance mechanisms associated with current therapies. By focusing on this specific target, ESSA seeks to enhance the treatment options and improve survival outcomes for patients suffering from CRPC.

OTTO Motors

Series B in 2016
OTTO Motors, a subsidiary of Clearpath Robotics Inc., specializes in designing and developing autonomous mobile robots for material handling in manufacturing facilities and warehouses. Founded in 2015 and based in Kitchener, Canada, the company offers two primary products: the OTTO 100, which handles human-scale payloads like boxes and carts, and the OTTO 1500, designed for larger loads such as pallets and racks. These self-driving vehicles utilize infrastructure-free navigation to ensure safe and efficient transportation in dynamic production environments, with applications spanning various industries, including automotive, medical devices, aerospace, and logistics. OTTO Motors combines proprietary hardware, software, and services to enhance operational excellence for its customers.

Remitly

Series C in 2016
Remitly Global, Inc. is a digital remittance company that facilitates international money transfers through its extensive global network, serving regions such as Africa, Asia, Central Europe, and South America. The company offers a mobile payment service that allows users to send money from the United States, Canada, and the United Kingdom using various digital devices. Remitly aims to disrupt the traditional money transfer industry, which is valued at $588 billion annually, by employing advanced technology to streamline the process and reduce fees. As a licensed money transmitter, Remitly operates in 49 states and Washington, D.C., generating revenue primarily from transaction fees and foreign exchange spreads. Founded in 2011 and headquartered in Seattle, Washington, Remitly also maintains offices in London, Manila, and Nicaragua.

Freightera

Venture Round in 2016
Freightera Logistics Inc. operates a cloud-based online freight marketplace that connects businesses with reliable less than truckload (LTL) and truckload carriers. Founded in 2014 and based in Vancouver, Canada, Freightera facilitates the search and comparison of instant, all-inclusive freight quotes, allowing businesses to book shipments efficiently. The platform serves over 3,000 companies across North America, enabling them to save time and reduce shipping costs. By providing a space for trucking companies to fill their trucks, Freightera enhances operational profitability for carriers while offering a more efficient and cost-effective shipping solution for shippers in the Canadian, U.S., and cross-border transportation markets.

Agreement Express

Debt Financing in 2016
Agreement Express Inc. offers a Software-as-a-Service platform that automates the onboarding and underwriting processes primarily for financial services firms, including payment service providers and wealth management companies. Founded in 2001 and headquartered in Vancouver, Canada, with additional offices in Boston and Toronto, the company enables organizations to efficiently manage the intake of new merchant applications and automate workflows, thereby enhancing customer experiences. Its platform supports firms of all sizes, allowing them to open client accounts more quickly and at a lower cost while processing extensive amounts of customer data. Agreement Express's solution is utilized by notable global companies to streamline operations and improve client interactions, making it a valuable tool in the competitive financial services landscape. The company was previously known as Recombo Inc. before rebranding in October 2015.

Arcadia Biosciences

Post in 2015
Arcadia Biosciences is an agricultural technology company that focuses on developing crop productivity traits primarily in hemp, wheat, and soybean. Its innovations aim to enhance farm economics by improving crop performance and the value of agricultural products for food, health, and industrial applications. Key offerings include GoodHemp, a line of non-GMO hemp seed varieties, GoodWheat, which transforms wheat into a functional food, and HB4, a drought and herbicide tolerant soybean trait. The company employs advanced screening, breeding, and biotechnology techniques to promote agricultural efficiency and environmental sustainability. Arcadia has established partnerships with several organizations, including Ardent Mills and Corteva AgriScience, and operates in the United States, Canada, Africa, and India. Founded in 2002 and headquartered in Davis, California, Arcadia has granted over 70 technology licenses globally to major seed and consumer product companies.

Plotly

Series A in 2015
Plotly, Inc. is a data science and AI company based in Montreal, Canada, that offers an online platform for data analysis and visualization. Its tools are designed for a diverse audience, including scientists, students, engineers, and analysts, allowing them to analyze, simulate, and graph various data formats such as Excel spreadsheets, CSV, TSV, and Matlab files. Plotly simplifies the creation and sharing of interactive web applications and visualizations, enabling users to leverage these capabilities across different programming languages. The company aims to integrate data science into business applications, making advanced analytics accessible and practical for a wider range of users.

Labcyte

Debt Financing in 2015
Labcyte Inc. is a specialized laboratory instrumentation company based in San Jose, California, established in 2000. It focuses on acoustic droplet ejection (ADE) technology, which enables the precise dispensing of nanoliter-scale droplets for various life sciences applications, including drug discovery, genomics research, cancer research, and diagnostic testing. The company's flagship product, Echo, utilizes a focused beam of acoustic energy to transfer small volumes of liquids with high accuracy and minimal waste, thereby reducing consumable costs. Labcyte also offers a range of automation systems, laboratory workstations, and control software to enhance laboratory efficiency. As a subsidiary of Beckman Coulter, Inc., Labcyte has expanded its presence internationally, with offices in countries such as Canada, the United Kingdom, Australia, and several others across Asia. The company was previously known as Picoliter Inc. until it rebranded in 2003.

Nulogy

Venture Round in 2014
Nulogy Corporation specializes in cloud-based software solutions for contract packaging and supply chain operations. Founded in 2002 and based in Toronto, Canada, the company offers its flagship product, PackManager, which streamlines contract packaging workflows through features like quoting, planning, warehouse management, production, quality control, invoicing, and reporting. Additionally, Nulogy provides QCloud, a software solution that enhances quality control processes and facilitates data collection and analysis. The company serves various market segments, including food, beverage, consumer goods, pharmaceuticals, high-tech, and hard goods, both in Canada and internationally. Nulogy aims to empower clients by improving responsiveness, automation, and collaboration in their supply chains, ultimately enabling greater product customization and operational efficiency.

Beyond the Rack

Debt Financing in 2014
Beyond the Rack is a Montreal-based private shopping club that offers exclusive discounts of up to 80% on a wide range of products, including apparel, accessories, fragrances, home goods, and electronics for men, women, and children. With around 15 million active members across Canada and the United States, the platform features limited-quantity flash sales that typically last 48 to 72 hours or until the merchandise sells out. Beyond the Rack collaborates with over 3,000 major fashion brands to provide these deals without involving a retail middleman. Members receive tailored notifications about upcoming sales based on their preferences, and the site conducts 15 to 25 sales daily, depending on demand. Membership is free, with several easy sign-up options, and Beyond the Rack is known for its responsive customer service and efficient shipping. The company has gained recognition for its growth, having been named the fastest-growing internet retailer in 2011, and has generated substantial sales revenue.

Hootsuite

Series C in 2014
Hootsuite Media Inc. operates a leading social media management platform that enables organizations to manage their social media presence across various networks from a single, integrated dashboard. Founded in 2008 and headquartered in Vancouver, Canada, Hootsuite serves over 15 million users, including more than 800 Fortune 1000 companies. The platform provides tools for scheduling posts, managing content, measuring performance, and organizing social streams, as well as offering educational resources and certification programs. Hootsuite features several plans tailored for different users, including a free option for personal use, a Pro plan for small businesses, and an Enterprise plan for larger organizations. The company also offers specific tools such as Hootlet for link shortening and Google My Business integration for managing customer interactions. Hootsuite caters to various industries, including finance, government, healthcare, and education, and has a global presence with offices in major cities around the world.

Q4

Venture Round in 2014
Q4 Inc. specializes in providing cloud-based investor relations and capital market solutions to clients in Canada and globally. The company offers an integrated platform that includes Q4 Desktop, which equips investor relations officers with essential tools and insights for effective decision-making and communication with investors. Q4 designs and develops corporate websites and online reports, facilitating dynamic corporate storytelling. Its services encompass media access through a news platform, audio and video webcasting, and comprehensive analytics that track institutional trading activities and market trends. Q4 also delivers insights into website performance and user behavior, alongside support services such as client success management and a dedicated IPO subsidy program. Founded in 2005 and headquartered in Toronto, Q4 operates additional offices in New York and Chicago, with a subsidiary in Copenhagen, serving over 2,200 prominent brands worldwide.

Plotly

Series A in 2014
Plotly, Inc. is a data science and AI company based in Montreal, Canada, that offers an online platform for data analysis and visualization. Its tools are designed for a diverse audience, including scientists, students, engineers, and analysts, allowing them to analyze, simulate, and graph various data formats such as Excel spreadsheets, CSV, TSV, and Matlab files. Plotly simplifies the creation and sharing of interactive web applications and visualizations, enabling users to leverage these capabilities across different programming languages. The company aims to integrate data science into business applications, making advanced analytics accessible and practical for a wider range of users.

D2L

Series B in 2014
D2L Corporation, founded in 1999 and headquartered in Kitchener, Canada, specializes in cloud-based learning solutions for various sectors, including higher education, K-12, healthcare, government, and enterprises. Its primary offering, Brightspace, is an integrated online learning platform designed to enhance the educational experience by providing tools that foster engagement and accessibility. Brightspace includes a range of features such as learning object management, course recommendation tools, adaptive learning capabilities, and online grading solutions, all aimed at supporting both learners and educators. The platform also offers mobile applications and resources to help students manage their academic activities effectively. D2L serves over 700 clients and more than 8 million learners globally, striving to make quality learning experiences accessible and impactful across diverse educational landscapes.

Benvenue Medical

Debt Financing in 2014
Benvenue Medical, Inc. specializes in the design, manufacturing, and marketing of minimally invasive expandable implant systems for treating spinal disorders, specifically vertebral compression fractures and degenerative disc diseases. The company offers products such as the Kiva system, which addresses spinal fractures in the thoracic and lumbar regions, and the Blazer – C system, aimed at treating various types of pathological vertebral compression fractures. Additionally, Benvenue Medical has introduced the Luna 3D, an expandable interbody fusion system designed for use in minimally invasive, mini-open, or open surgical procedures. Established in 2004 and headquartered in Santa Clara, California, the company serves a diverse customer base in the United States, Canada, Belgium, France, and Germany.

Bit Stew Systems

Debt Financing in 2014
Bit Stew Systems Inc. specializes in creating a data intelligence platform tailored to meet the data integration requirements of various industries, including utilities, oil and gas, aviation, and manufacturing. Founded in 2005 and headquartered in Burnaby, Canada, the company has developed MIx Core, a platform that addresses the integration needs of the industrial Internet of Things. This platform offers features such as machine intelligence, edge analytics, dynamic adapters, and semantic modeling, enabling real-time analytics and efficient event management. Bit Stew Systems also ensures seamless connectivity with both IT and operational systems. As of November 2016, the company operates as a subsidiary of GE Digital LLC, with additional offices in Mountain View, California; Melbourne, Australia; Madrid, Spain; and London, United Kingdom.

Response Biomedical

Post in 2014
Response Biomedical Corp. is engaged in the research, development, commercialization, and distribution of diagnostic technologies tailored for medical central-lab testing, point of care (POC) testing, and on-site environmental testing. The company specializes in non-laboratory tests utilizing portable hand-held devices, compact desktop analyzers, and single-use test cartridges. Its RAMP system offers a portable fluorescence immunoassay-based diagnostic technology that combines clinical lab performance with the convenience of dipstick tests. RAMP tests facilitate the early detection of conditions such as heart attacks, congestive heart failure, and infectious diseases like influenza A+B and respiratory syncytial virus. Additionally, the platform is used for environmental detection, including West Nile Virus, and biodefense applications for rapid on-site identification of threats such as anthrax and ricin. Response Biomedical markets its products through distributors across the United States, Asia, Latin and South America, Europe, the Middle East, and Canada, with its headquarters located in Vancouver, Canada.

Cartiva

Debt Financing in 2014
Cartiva, Inc. is a medical device company based in Alpharetta, Georgia, focused on developing and marketing innovative solutions for orthopedic surgeons and patients suffering from osteoarthritis and cartilage injuries. Founded in 2011 as a spin-off from Carticept Medical, the company offers the Cartiva Synthetic Cartilage Implant (SCI), designed to replace damaged cartilage surfaces in joints such as the foot, ankle, and knee. This organic polymer-based biomaterial aims to restore natural joint structure, alleviate pain, and enhance functionality. In addition to the SCI, Cartiva provides the ProxiFuse Hammertoe Correction System, which assists in the fixation and reconstruction of lesser toes after correction procedures. The company's products are distributed internationally, including regions such as Brazil, Canada, and the United Kingdom. Cartiva is dedicated to improving patient quality of life through effective treatment options and is backed by a team of experienced professionals in the orthopedic field.

Arbutus Biopharma

Post in 2011
Arbutus Biopharma Corporation is a biopharmaceutical company focused on discovering, developing, and commercializing cures for chronic hepatitis B virus (HBV) infection. The company has a diverse pipeline that includes capsid inhibitors like AB-836, which aims to inhibit HBV replication, and AB-423, currently in pre-clinical studies. Additionally, Arbutus develops RNA interference (RNAi) therapeutics designed to reduce hepatitis B surface antigen levels in infected patients. Their portfolio also features AB-729, a targeted second-generation RNAi agent, and an orally active HBV RNA destabilizer that promotes RNA degradation. Arbutus is engaged in conducting clinical trials and various pre-clinical studies to evaluate the efficacy of its proprietary HBV therapies in combination with standard treatments. The company has established strategic alliances and collaborations with other organizations to enhance its research and development efforts. Headquartered in Warminster, Pennsylvania, Arbutus was previously known as Tekmira Pharmaceuticals Corporation before rebranding in July 2015.

POET Technologies

Post in 2011
POET Technologies Inc. specializes in designing, developing, manufacturing, and selling opto-electronic solutions, primarily through its innovative platform, the POET Optical Interposer. This technology allows for the seamless integration of electronic and photonic devices into a single multi-chip module, utilizing advanced wafer-level semiconductor manufacturing techniques. The integration offered by the POET Optical Interposer reduces the need for costly components and labor-intensive assembly methods common in traditional photonics, making it a cost-effective solution for various applications. The company serves multiple high-growth markets, including data centers, telecommunications, the Internet of Things, automotive LIDAR, and on-board optics. Established in 1972 and headquartered in Toronto, Canada, POET Technologies also has operations in the United States and Singapore, focusing on advancing its product offerings in the evolving landscape of computing technologies.

Lumenpulse

Series A in 2011
Founded in 2006, Lumenpulse designs and manufactures sustainable, high-performance LED lighting solutions for commercial, institutional and urban environments.

eVestment

Venture Round in 2010
eVestment is a global provider of institutional investment data intelligence and analytic solutions, offering a comprehensive dataset through its online eVestment Global Database. The company is recognized for its user-friendly products and strong commitment to client service. Its eVestment Analytics system sets the standard for online manager comparisons and competitive intelligence, while the Omni system addresses industry challenges related to redundant data requests by automating data transformation and updates. This allows clients to conduct in-depth research and generate insightful analysis, enhancing overall efficiency. eVestment serves a diverse clientele, including investment consultants, asset managers, and plan sponsors, and has received accolades such as being named the “Most Influential Database” by FundFire. Founded in 2000 and headquartered in Atlanta, eVestment also maintains offices in major financial hubs, including New York, London, Sydney, and Hong Kong.

Braintech

Debt Financing in 2009
Braintech is a company that specializes in the development and deployment of software and peripherals for Vision-Guided Robotics (VGR) systems, particularly in the automotive manufacturing sector. Its primary product, eVisionFactory, is a comprehensive software environment designed for the design, operation, and support of vision-guided robotic systems. This software enables the storage and manipulation of routine libraries to facilitate various functions within these systems, focusing on inspection and location analysis applications. Founded in 1987 and based in North Vancouver, Canada, Braintech has established a strategic alliance with ABB, Inc. The company has undergone several name changes throughout its history, reflecting its evolving focus on machine vision guidance technology.

Shutterfly

Venture Round in 2001
Shutterfly is a company that specializes in manufacturing and retailing personalized products, primarily serving customers in the United States, Canada, and Europe. It operates through three main segments: Shutterfly Consumer, Lifetouch, and Shutterfly Business Solutions. The Shutterfly Consumer segment offers a variety of customized items, including photo books, greeting cards, stationery, personalized gifts, and home décor products. It also provides services for renting photographic and video equipment. The Lifetouch segment focuses on photography services for educational institutions, retail stores, and community organizations, operating around 400 retail studios. Meanwhile, Shutterfly Business Solutions delivers direct marketing services and inventory-free printing solutions. Founded in 1999 and headquartered in Redwood City, California, Shutterfly aims to help individuals preserve and share their life events and everyday moments through its diverse range of products and services.
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