Vistara Growth

Vistara Growth, based in Vancouver and Toronto, is a private equity and venture capital firm that specializes in providing growth capital and flexible financing solutions to mid-late stage technology companies in North America. Founded in 2015, the firm focuses on investments in sectors such as software, fintech, security, and healthcare technology. Vistara Growth typically invests between $4 million and $25 million per company, targeting businesses with revenues ranging from $8 million to $200 million. The firm employs a variety of investment structures, including secured term debt, convertible debt, and minority equity solutions, often opting for non-amortizing loans to minimize dilution for portfolio companies. With a preference for minority positions, Vistara Growth aims to support the expansion and growth of its investments while also considering interim financing ahead of initial public offerings or exits.

Kevin Barber

Associate Partner

Randy Garg

Founder and Managing Partner

Kathleen Kaulins

Director, Investments

Neil Kenley

Director, Investments

Sean Lindover

Associate

John O'Donoghue

Principal

Noah Shipman

Partner

Tracy Zhang

Associate

27 past transactions

Reach

Series A in 2022
Developer of an international payment platform designed to help retailers process global payments and connect with shoppers. The company's platform utilizes an application programming interface to integrate with the local payment methods of a country and facilitates customers to checkout using those trusted local payment options, enabling shoppers or users to comfortably make an international purchase and clients or sellers to increase their sales.

meQuilibrium

Venture Round in 2021
meQuilibrium offers individuals and employees with online stress management solutions and measurements. It is the only clinically validated resilience platform leveraging behavioral psychology, neuroscience, and analytics to deliver transformative insights that change lives and businesses. meQuilibrium was founded in 2010 and is headquartered in Boston, Massachusetts.

Sama

Series B in 2021
Sama provides data annotation services for machine learning, specializing in image, video, and sensor data. Founded in 2008 and headquartered in San Francisco, the company also has locations in various countries including Brazil, Canada, the Netherlands, Kenya, Uganda, and Singapore. Sama's offerings include automated annotation solutions such as sensor fusions, bounding boxes, semantic segmentation, and video object training, which enhance the efficiency and accuracy of data processing. The company caters to diverse sectors, including transportation, retail, healthcare, manufacturing, and agriculture, and has established partnerships with prominent organizations like Walmart, Google, and Nvidia. By delivering high-quality training data, Sama supports the development of reliable machine learning models for its clients.

Kentik

Series C in 2021
Kentik Technologies, Inc. is a network intelligence platform that delivers cloud-based real-time visibility and analytics solutions for network and security operators. Founded in 2014 and headquartered in San Francisco, California, the company offers Kentik Detect, a big data-based software-as-a-service that transforms network data into actionable intelligence. This platform enables clients to conduct ad-hoc analytics for improved operations, capacity optimization, anomaly resolution, and DDoS detection, thereby enhancing application and service protection. Kentik also provides My Kentik, a self-service network analytics tool, and an AIOps platform aimed at streamlining network operations. Additionally, the company serves various industries, including financial services, media and entertainment, cloud infrastructure, and telecommunications, offering tailored solutions for visibility, performance, detection, planning, and integration. Kentik was previously known as CloudHelix, Inc. before rebranding in September 2014.

Kore.ai

Series C in 2021
Kore.ai, Inc. specializes in developing artificial intelligence-based chatbot solutions tailored for enterprises. Founded in 2011 and headquartered in Orlando, Florida, the company offers a no/low code platform that allows businesses to create virtual assistants, enhancing digital interactions with customers, employees, and partners. Kore.ai's offerings include domain-specific pre-built virtual assistants designed for industries such as banking, insurance, HR, and IT support. One of its notable products is Kora, an enterprise digital assistant equipped with skills for knowledge management, enterprise search, and task management. Additionally, Kore.ai provides Deflect.ai, a cloud-based service focused on call automation and digital deflection. The company's solutions utilize natural language processing to improve communication across various channels, ultimately streamlining business processes and enhancing user experiences.

D3 Security

Venture Round in 2021
D3 Security provides the world's leading platform for incident response, investigation/case management, and security operations.

Vyopta

Venture Round in 2021
Vyopta provides analytics products that large enterprises use to improve video and web collaboration. The cloud-based platform allows organizations to simplify the management, reduce the cost, and improve quality and increase usage of video and web collaboration tools. We serve a wide range of customer including those in the financial, technology, healthcare, consumer products, education, and government sectors.

Alida

Debt Financing in 2020
Alida, formerly known as Vision Critical Communications Inc., offers a cloud-based customer intelligence platform that enables organizations to establish engaged and secure communities for continuous real-time feedback and insights. The platform includes various solutions such as IdeaHub, which streamlines the idea generation process within online communities, and IdeaScreen, a web application designed to evaluate early-stage ideas. Additionally, Alida provides Sparq Share, a secure workspace for users of its customer intelligence platform, along with real-time reporting and analytics tools to assist stakeholders in decision-making. The company also offers community management and research consulting services, including insight community planning and management. Alida serves a diverse range of industries, including media, retail, financial services, technology, and healthcare, helping leading brands improve customer experiences and foster loyalty. Founded in 2000, Alida is headquartered in Vancouver, Canada.

Kentik

Venture Round in 2020
Kentik Technologies, Inc. is a network intelligence platform that delivers cloud-based real-time visibility and analytics solutions for network and security operators. Founded in 2014 and headquartered in San Francisco, California, the company offers Kentik Detect, a big data-based software-as-a-service that transforms network data into actionable intelligence. This platform enables clients to conduct ad-hoc analytics for improved operations, capacity optimization, anomaly resolution, and DDoS detection, thereby enhancing application and service protection. Kentik also provides My Kentik, a self-service network analytics tool, and an AIOps platform aimed at streamlining network operations. Additionally, the company serves various industries, including financial services, media and entertainment, cloud infrastructure, and telecommunications, offering tailored solutions for visibility, performance, detection, planning, and integration. Kentik was previously known as CloudHelix, Inc. before rebranding in September 2014.

Kurtosys

Series D in 2020
Kurtosys Systems Inc. develops digital marketing and client reporting tools that help asset managers to attract and retain investor assets. The company offers fund marketing solutions, such as fund Websites (builds and hosts), factsheets, and tools; and investor servicing solutions, including portals (wealth managers and fund distributors) and a document distribution portal. It serves the financial sector. The company was founded in 2002 and is headquartered in Raleigh, North Carolina with regional offices in London, Cape Town, Reno, and Gurugram.

Kore.ai

Venture Round in 2019
Kore.ai, Inc. specializes in developing artificial intelligence-based chatbot solutions tailored for enterprises. Founded in 2011 and headquartered in Orlando, Florida, the company offers a no/low code platform that allows businesses to create virtual assistants, enhancing digital interactions with customers, employees, and partners. Kore.ai's offerings include domain-specific pre-built virtual assistants designed for industries such as banking, insurance, HR, and IT support. One of its notable products is Kora, an enterprise digital assistant equipped with skills for knowledge management, enterprise search, and task management. Additionally, Kore.ai provides Deflect.ai, a cloud-based service focused on call automation and digital deflection. The company's solutions utilize natural language processing to improve communication across various channels, ultimately streamlining business processes and enhancing user experiences.

BitTitan

Series B in 2019
BitTitan, Inc. develops SaaS-based automated email and multiple workload migration solutions. The company provides BitTitan MSPComplete, an IT services automation platform and Voleer, an IT toolbox designed to centralize and automate IT tasks. The company has strategic partnership with Shanghai Blue Cloud Technologies Co, Ltd. BitTitan, Inc. was founded in 2006 and is based in Bellevue, Washington.

Vyopta

Series B in 2019
Vyopta provides analytics products that large enterprises use to improve video and web collaboration. The cloud-based platform allows organizations to simplify the management, reduce the cost, and improve quality and increase usage of video and web collaboration tools. We serve a wide range of customer including those in the financial, technology, healthcare, consumer products, education, and government sectors.

FINCAD

Venture Round in 2019
FINCAD offers risk analytics and management software for valuations and pricing of derivatives, including swaps and options. It provides a wide range of news about financial technology and global financial markets and products such as F3s, analytic suites, and insights. The company offers solutions such as pricing and valuation, risk measurement, and hedge accounting for enterprises and the offices are located in Canada, U.S., U.K., and Ireland. FINCAD is a Canada-based company which was founded in 1990 by Bob Park.

Zafin

Series B in 2019
Zafin Global Holdings Corp. develops and offers digital banking solutions that drive dynamic pricing, bundling, and rates management execution for banks. The company provides Enterprise Product Hub, a toolkit for product design, personalization, management, and distribution; Zafin Cloud, a software-as-a-service (SaaS) platform for retail banks; and Zafin Origin, a digital client onboarding and origination platform. Additionally, it offers client offer and billing management solutions for corporate banks. The company has strategic partnerships with FIS, Microsoft, Celero, and IBM. Zafin Global Holdings Corp. was founded in 2002 and is headquartered in Toronto, Canada.

CoolIT Systems

Series C in 2019
CoolIT Systems works research, design, and deliver next generation cooling products that provide a comprehensive solution while exceeding high OEM standards for reliability and maintenance-free operation. This carefully designed and patented technology unleashes the full potential of a PC, providing superior cooling performance while reducing system level noise and improving reliability of vital components. CoolIT also works with the AMD engineering group to provide the Reference cooling solution for the latest high performance video cards.

You.i TV

Series C in 2018
You.i TV is a software provider for TV and Media companies looking to develop cross-platform video apps across mobile, tablet, game consoles, streaming devices, and Smart TVs.

Backstop Solutions Group

Venture Round in 2018
Backstop Solutions Group makes online software for alternative asset managers, like hedge funds, endowments, and family offices. Clients include organizations of various shapes and sizes throughout the United States, Europe, and Asia. BSG was founded in 2003, and launched the first Software-as-a-Service platform designed to help firms in the alternative investment management industry. Software solutions concentrate on CRM, investor relations management, fund of funds portfolio management, and accounting.

Martello Technologies

Venture Round in 2018
Martello Technologies manages the performance of real-time services on complex distributed cloud networks. Their solutions, which include network performance management software as a service (SaaS) and SD WAN, allow over the top (OTT) service providers and enterprises around the world to deliver better service quality and a reliable user experience. Designed for real-time communications, Martello’s solutions detect, identify and address network performance problems BEFORE service quality is impacted.

Blueprint Software Systems

Venture Round in 2017
Blueprint Software Systems Inc. develops software solutions designed to assist organizations in building business and software applications. The company's offerings include tools for regulatory compliance, agile transition, and alignment of business and IT. Key products such as Blueprint Storyteller facilitate collaboration among stakeholders by automating the generation of user stories and acceptance criteria. The software provides detailed traceability and impact analysis, enabling users to create relationships between requirements for better project insights. Additionally, Blueprint's solutions include pre-packaged content for agile and regulatory needs, visual modeling for contextual storytelling, and integrations with popular agile development tools to enhance cross-departmental alignment. The company also offers management reporting tools that deliver analytics on project portfolios. Serving numerous Fortune 100 companies, Blueprint operates in various sectors including banking, government, healthcare, and insurance. Founded in 2003 and based in Toronto, Canada, Blueprint was previously known as Sofea Inc. and rebranded in 2007.

Mobify

Series B in 2017
Mobify is the #1 provider of Progressive Web Apps for eCommerce for retailers and brands that want to close the gap between desktop and mobile conversion rates, keep up with customer expectations and win loyal customer relationships. The Mobify platform delivers a unified customer experience across mobile web and apps, while building customer relationships through push notifications and store drivers. Leading global brands including Lancôme, Crabtree & Evelyn, Paula’s Choice, Carnival Cruise Line, London Drugs, Burlington, PureFormulas, Superdry, Columbia, eXtra Electronics, and ThinkGeek generate extensive revenue through the Mobify Platform and rely on Mobify to grow their customer lifetime value.

InvestEdge

Debt Financing in 2017
InvestEdge, Inc. specializes in providing wealth management solutions tailored for investment firms, with a particular focus on high net worth and ultra-high net worth portfolios. Founded in 2000 and based in Pittsburgh, Pennsylvania, the company offers a web-based platform that includes an array of services such as portfolio management, performance measurement, client reporting, compliance monitoring, rebalancing, and data aggregation. By leveraging innovative technology, InvestEdge aims to streamline operations and enhance client engagement, enabling investment firms to build stronger and more profitable relationships with their clients. Over the years, InvestEdge has established itself as a trusted partner for many leading advisors in the wealth management industry, continuously evolving its offerings to meet the needs of its clients.

Zafin

Debt Financing in 2016
Zafin Global Holdings Corp. develops and offers digital banking solutions that drive dynamic pricing, bundling, and rates management execution for banks. The company provides Enterprise Product Hub, a toolkit for product design, personalization, management, and distribution; Zafin Cloud, a software-as-a-service (SaaS) platform for retail banks; and Zafin Origin, a digital client onboarding and origination platform. Additionally, it offers client offer and billing management solutions for corporate banks. The company has strategic partnerships with FIS, Microsoft, Celero, and IBM. Zafin Global Holdings Corp. was founded in 2002 and is headquartered in Toronto, Canada.

Getaround

Debt Financing in 2016
Getaround, Inc. operates an online marketplace for peer-to-peer car sharing and local car rentals, allowing users to rent vehicles from people nearby. Founded in 2009 and headquartered in San Francisco, the platform offers a diverse range of vehicles, including convertibles, luxury cars, SUVs, and trucks, available for rent by the hour or day. Getaround's innovative technology, known as Getaround Connect, facilitates a seamless car-sharing experience by enabling users to unlock and access vehicles without needing to meet the car owner or handle physical keys. The service is designed to eliminate the traditional hassles associated with car rentals, such as waiting in line and completing paperwork. Getaround provides users with a $1 million insurance policy and 24/7 roadside assistance, making it a safe option for renters. The company operates in major metropolitan areas across the United States, helping individuals offset car ownership costs while promoting more sustainable transportation options.

You.i TV

Series B in 2016
You.i TV is a software provider for TV and Media companies looking to develop cross-platform video apps across mobile, tablet, game consoles, streaming devices, and Smart TVs.

Syscon Justice Systems

Debt Financing in 2016
Syscon Justice Systems Canada Ltd. specializes in providing offender management solutions for correctional agencies globally. Established in 1980 and headquartered in Richmond, Canada, the company offers a range of software products, including WorkflowJAIL and WorkflowPRISON for inmate and offender management, as well as EliteJAILS and ElitePRISONS for jail and prison management. Additional offerings encompass community corrections management and financial systems for tracking offenders' trust accounts, commissary operations, and other financial transactions. Syscon's solutions cater to various correctional environments, including jails, prisons, and community supervision settings such as parole and probation. The company also provides professional services like project management, business analysis, data conversion, and training to support its software solutions. Syscon Justice Systems operates with additional offices in Vancouver, Toronto, Folsom, London, and Sydney.

Guestlogix

Post in 2015
Guestlogix is a Travel Commerce company whose platform enables airlines to significantly increase ancillary revenues while improving traveler satisfaction across their entire journey. Powered by AI and machine learning, the Guestlogix platform incorporates digital concierge services into an airline's mobile channels, delivering highly relevant, personalized information and offers to travelers. With an extensive marketplace of bookable content, ancillary revenue teams can offer the products and services travelers are looking for at every phase of their journey, from planning through to the end of their trip. Guestlogix works with some of the most innovative airlines in the world including Southwest, Westjet, KLM, FlyDubai, and Alaska Airlines, transforming how they provide value to their passengers while empowering them to become better retailers. Visit www.guestlogix.com for more information.