Wesley Clover

Wesley Clover is a private investment management and holding company founded in 1972 and based in Los Angeles, California. The firm focuses on early-stage technology companies, particularly those in the Cloud and Software as a Service (SaaS) sectors, while also investing in selected real estate properties. Through its investments, Wesley Clover seeks to support innovation and growth in the technology landscape and capitalize on opportunities within the real estate market.

Paul Chiarelli

President and COO

Joshua Seerattan

Principal and Senior Investment Analyst

Patrick Thng

Partner

69 past transactions

Martello Technologies

Post in 2025
Martello Technologies Group Inc., founded in 1981 and headquartered in Ottawa, Canada, specializes in optimizing real-time application performance on cloud and enterprise networks. The company develops and sells products that monitor, measure, and analyze network health, ensuring reliable user experience for critical applications like Microsoft 365 and Mitel systems. Martello's solutions include Mitel Performance Analytics, Martello Gizmo, unified communications solution, Martello iQ platform, Live Maps, and technical support services. Serving diverse industries such as education, healthcare, and remote work globally, Martello aims to enhance service quality and user experience by proactively identifying and addressing network performance issues.

Martello Technologies

Post in 2024
Martello Technologies Group Inc., founded in 1981 and headquartered in Ottawa, Canada, specializes in optimizing real-time application performance on cloud and enterprise networks. The company develops and sells products that monitor, measure, and analyze network health, ensuring reliable user experience for critical applications like Microsoft 365 and Mitel systems. Martello's solutions include Mitel Performance Analytics, Martello Gizmo, unified communications solution, Martello iQ platform, Live Maps, and technical support services. Serving diverse industries such as education, healthcare, and remote work globally, Martello aims to enhance service quality and user experience by proactively identifying and addressing network performance issues.

Validient

Seed Round in 2024
Validient specializes in providing an automated compliance and due diligence system tailored for law firms and regulated businesses. The company offers a secure management platform that streamlines client validation and engagement processes. Its unique digital onboarding and verification system automates critical aspects of a client's legal journey, starting from initial onboarding to matter engagement. This approach not only enhances workflows but also improves transparency within firms. By utilizing automated identity verification and enhanced due diligence, Validient effectively helps prevent money laundering and fraud, making it a valuable solution for organizations seeking to enhance compliance and operational efficiency.

Martello Technologies

Post in 2023
Martello Technologies Group Inc., founded in 1981 and headquartered in Ottawa, Canada, specializes in optimizing real-time application performance on cloud and enterprise networks. The company develops and sells products that monitor, measure, and analyze network health, ensuring reliable user experience for critical applications like Microsoft 365 and Mitel systems. Martello's solutions include Mitel Performance Analytics, Martello Gizmo, unified communications solution, Martello iQ platform, Live Maps, and technical support services. Serving diverse industries such as education, healthcare, and remote work globally, Martello aims to enhance service quality and user experience by proactively identifying and addressing network performance issues.

VizioSense

Seed Round in 2023
VizioSense specializes in developing optical sensors that incorporate AI and computer vision technology while prioritizing privacy. Their solutions are designed for various applications in cities, buildings, and industries, enabling accurate counting and detection of people and items without compromising privacy. The company's sensors feature an edge-AI chip that facilitates on-device processing, allowing them to transmit only essential counting or status information to the cloud, without the capability to stream videos. VizioSense offers products such as VizioPark, a parking monitoring application, and VizioCount, which focuses on vehicle flow and pedestrian counting. These innovations provide valuable insights to businesses, helping them enhance their operations and uncover potential savings and revenue opportunities.

Hut Six

Seed Round in 2023
Hut Six Security specializes in enhancing information security by addressing the human element within organizations. The company offers a SaaS-based platform that focuses on training and testing employee awareness to mitigate the risks associated with human error, a significant factor in cyberattacks. Through adaptive and customized campaigns, Hut Six provides engaging tutorials and uses current case studies to educate staff on security practices. The platform also includes tools for phishing simulations and assessments, allowing businesses to obtain actionable metrics that reflect their vulnerabilities. By fostering secure cultures and improving employee behavior, Hut Six aims to protect organizations from potential cyber threats.

RFence

Seed Round in 2022
RFence is a start-up focused on analyzing and securing radio frequency environments, crucial for the smooth operation of sites with critical security needs. The company specializes in monitoring technologies that protect against radio wave attacks, safeguarding wireless and IoT networks from potential threats. Their solutions are tailored for industrial sites, including logistics centers, government buildings, ports, airports, and penitentiary facilities, ensuring comprehensive security management in these sensitive areas. By addressing the risks associated with radio frequency interference, RFence enables clients to maintain operational efficiency while enhancing safety measures.

Martello Technologies

Post in 2022
Martello Technologies Group Inc., founded in 1981 and headquartered in Ottawa, Canada, specializes in optimizing real-time application performance on cloud and enterprise networks. The company develops and sells products that monitor, measure, and analyze network health, ensuring reliable user experience for critical applications like Microsoft 365 and Mitel systems. Martello's solutions include Mitel Performance Analytics, Martello Gizmo, unified communications solution, Martello iQ platform, Live Maps, and technical support services. Serving diverse industries such as education, healthcare, and remote work globally, Martello aims to enhance service quality and user experience by proactively identifying and addressing network performance issues.

HYAS

Series B in 2021
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.

Codeherent

Seed Round in 2020
Codeherent Ltd is a software company based in Newport, United Kingdom, founded in 2016. It specializes in developing a cloud management platform that allows businesses to visualize, analyze, and optimize their Infrastructure as Code. The platform features a visual development environment that facilitates the creation, modification, and management of cloud infrastructure configurations in a low-code setting. This dynamic visualization capability enables users to quickly understand and adjust their cloud setups, promoting safer and more predictable infrastructure management. Codeherent's solution is designed to cater to a diverse range of businesses, helping them streamline configuration planning and enhance the efficiency of their cloud operations.

Pisano

Venture Round in 2020
Pisano is an all-in-one experience management platform that enhances businesses by integrating Voice of Customer and Voice of Employee programs. The platform offers detailed reporting and advanced analytics, enabling organizations to effectively listen to and understand the experiences of both customers and employees. By collecting omnichannel feedback, Pisano facilitates immediate responses and helps businesses implement close-the-loop mechanisms to improve engagement. This approach allows companies to make informed, feedback-driven decisions and establish robust feedback channels, ultimately enhancing overall performance and customer satisfaction.

Echosec Systems

Series A in 2020
Echosec Systems Ltd. is a Canadian company established in 2013 that operates a location-based search and data monitoring platform. It specializes in providing real-time access to a diverse range of information from social media, the deep web, and the dark web. The company's services are designed for security and intelligence teams, helping them enhance situational awareness and inform critical initiatives such as geopolitical risk assessment, counterterrorism, and crisis response. Echosec's platform is utilized by defense contractors, cyber intelligence organizations, and various enterprises across sectors like retail, finance, and critical infrastructure. By bridging the information gap between online activities and real-world security threats, Echosec Systems empowers organizations to effectively address challenges related to brand protection, disinformation monitoring, and overall safety. As of December 2020, Echosec operates as a subsidiary of The Tusker Fund.

Diskyver

Seed Round in 2020
Diskyver SAS is a cybersecurity company based in Lille, France, founded in 2017. It specializes in developing machine learning-based software designed to protect against Voice over Internet Protocol (VoIP) threats. The company offers a Software as a Service (SaaS) solution that includes an intrusion detection system, known as Logbook, and an analysis tool called the Exploration Kit. These products enable businesses to protect, manage, and monitor their phone systems effectively. By leveraging artificial intelligence and machine learning, Diskyver provides real-time defense and response capabilities tailored specifically for IP telephony, helping organizations safeguard their communication infrastructure from potential threats.

Aydanaya

Seed Round in 2020
Aydanaya.com is an online retail platform established in 2018 and based in Kuzguncuk, Turkey. The company focuses on selling a diverse range of products, including food, personal care items, mother and baby products, natural cleaning supplies, coffee, pet supplies, office essentials, and books. Aydanaya serves as a marketplace that connects consumers with producers of healthy, local, and sustainable products. The company emphasizes the importance of selecting manufacturers whose values align with its commitment to quality and sustainability, ensuring that customers receive not only high-quality products but also an engaging story behind each item.

Lota.cloud

Seed Round in 2020
Lota.cloud is a French software as a service platform focused on cloud cost management. It offers a system designed to help users control and reduce their cloud expenses by centralizing billing data from various cloud service providers. The platform enables clients to gain a comprehensive view of their cloud costs, facilitating more effective management and optimization of their multi-cloud environments. By streamlining these processes, Lota.cloud aims to enhance financial operations in cloud usage, making it easier for businesses to monitor and manage their cloud expenditures.

OverSOC

Seed Round in 2020
OverSOC provides a software-as-a-service (SaaS) solution focused on cybersecurity, specifically designed to monitor information technology infrastructure in real-time. The company's software aids in analyzing and protecting IT systems by clarifying the information exchanged between machines and users, highlighting significant data flows, and identifying authorized users. This functionality allows cybersecurity professionals and senior executives to gain a clear understanding of activity data and the associated risks within both cloud and physical infrastructures, thereby enhancing overall security management.

React Event

Seed Round in 2020
React Event is a company that offers solutions to real-time problems by its advanced tools for any kind of mistrusts.

Reliving

Seed Round in 2020
Reliving Limited is a software company headquartered in Newport, United Kingdom, founded in 2018. It operates a platform that allows users to record and preserve their memories and experiences, including diary entries, photographs, videos, voice recordings, documents, and scans. The application is designed to keep these memories secure online, ensuring they can be accessed and cherished by future generations. Reliving aims to facilitate the sharing of personal histories and moments with loved ones, emphasizing the importance of memory preservation.

Surple

Venture Round in 2020
Surple is an energy analytics software company founded in 2019 and based in Newport. Established by Peter Allan, Sean Oldfield, and Owen Morgan, Surple aims to eliminate energy waste in businesses. The software leverages machine learning to support energy professionals by automating tasks, streamlining workflows, and providing unique insights, all while simplifying stakeholder engagement. It aggregates data on electricity, gas, water, and generation, complemented by built-in weather information, allowing energy managers to gain a comprehensive view of their energy consumption without switching between multiple systems. Notable clients include the Celtic Manor Resort and Newport City Council. Surple has received accolades such as Green Startup of the Year at the Wales Startup Awards and recognition as one of TechNation's Rising Stars in 2019. Additionally, in 2020, the company participated in Google's UK Immersion Programme, benefiting from mentorship and support.

Hut Six

Seed Round in 2019
Hut Six Security specializes in enhancing information security by addressing the human element within organizations. The company offers a SaaS-based platform that focuses on training and testing employee awareness to mitigate the risks associated with human error, a significant factor in cyberattacks. Through adaptive and customized campaigns, Hut Six provides engaging tutorials and uses current case studies to educate staff on security practices. The platform also includes tools for phishing simulations and assessments, allowing businesses to obtain actionable metrics that reflect their vulnerabilities. By fostering secure cultures and improving employee behavior, Hut Six aims to protect organizations from potential cyber threats.

Certn

Seed Round in 2019
Certn is a company that specializes in risk management solutions for employers, landlords, and property management firms. It provides a comprehensive and efficient platform for applicant screening, emphasizing user-friendly service and rapid turnaround times. Certn's offerings include criminal record checks, identity verification, employment and education verification, and reference checks. Additionally, the company features its proprietary Softcheck, which scans over 100,000 databases worldwide for negative news, watchlists, and regulatory violations, delivering results within minutes. Utilizing artificial intelligence, Certn enhances the background screening process, enabling recruiters to streamline hiring and make informed decisions based on risk-relevant data from various global sources.

SumoShift

Venture Round in 2019
SumoShift is a company that ensures the complete staffing and recruitment process connecting the country's businesses.

HYAS

Series A 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.

Segmentify

Venture Round in 2018
Segmentify is an e-commerce personalization platform that assists online retailers in optimizing conversion rates by creating tailored shopping experiences for individual visitors. The company offers client management software that delivers powerful insights and real-time analytics, enabling e-commerce managers to make informed decisions regarding campaigns and discounts. By focusing on customer-based campaigns, Segmentify helps clients enhance their sales performance and better meet customer needs, ultimately driving business growth in the competitive online retail landscape.

Talkative

Series A in 2018
Talkative Ltd is a company that specializes in real-time customer engagement software, enabling businesses to connect effectively with their online customers. Founded in 2015 and headquartered in Newport, United Kingdom, Talkative offers a solution that integrates voice web calling, video web calling, co-browsing, and web chat directly into company websites. This software is designed to enhance online sales, boost website conversions, generate leads, and improve customer service while also reducing operational costs. By providing tools that allow companies to see, understand, and resolve customer issues in real time, Talkative aims to elevate the overall customer experience.

Cliniconex

Convertible Note in 2018
Cliniconex Inc. is a healthcare management company based in Ottawa, Canada, that specializes in enhancing communication workflows for family and specialty clinics. Founded in 2009, Cliniconex offers a range of solutions, including appointment reminders via voice, email, and text, as well as customizable templates and patient education tools. The platform aims to improve patient engagement by providing automated communication that is tailored to each clinic's workflow. This includes services for booking notifications, reminders, cancellations, and preventive care outreach, all designed to streamline the patient experience and facilitate better healthcare management. By focusing on personalized and manageable communication, Cliniconex supports clinics in delivering effective patient care.

CulturVate

Seed Round in 2018
CulturVate Ltd is a company based in Newport, United Kingdom, that specializes in designing and developing cloud-based platforms aimed at enhancing employee engagement and workplace culture. Founded in 2015, CulturVate offers Teamphoria, an employee engagement software that assesses performance through a structured three-step evaluation, facilitating real-time activity tracking, peer recognition, and engagement surveys. Additionally, the company provides a digital platform called Got an Idea, which allows users to capture and collaborate on ideas to address business and societal challenges. This platform supports public consultation and enables real-time interactions, including upvoting and downvoting ideas, while gathering insights from various stakeholders. CulturVate's technologies are designed to promote a positive workplace culture, fostering adaptability and innovation within organizations.

Pisano

Venture Round in 2017
Pisano is an all-in-one experience management platform that enhances businesses by integrating Voice of Customer and Voice of Employee programs. The platform offers detailed reporting and advanced analytics, enabling organizations to effectively listen to and understand the experiences of both customers and employees. By collecting omnichannel feedback, Pisano facilitates immediate responses and helps businesses implement close-the-loop mechanisms to improve engagement. This approach allows companies to make informed, feedback-driven decisions and establish robust feedback channels, ultimately enhancing overall performance and customer satisfaction.

English Ninjas

Seed Round in 2017
English Ninjas Inc. is an online education platform that focuses on enhancing English speaking skills through direct interaction with native-speaking tutors. Established in 2016 and headquartered in Wilmington, Delaware, the company offers personalized learning experiences via one-to-one online video sessions, private sessions, and live chat options. Users benefit from tailored instruction that covers a range of topics, including business, travel, science, and philosophy, allowing them to improve their grammar and vocabulary in a supportive environment.

ThinkRF

Venture Round in 2017
ThinkRF is a developer of high-performance RF receivers designed for applications in spectrum sensing, signal analysis, and wireless systems development. The company offers a spectrum analysis platform that allows for the monitoring, detection, and analysis of complex waveforms, catering to the evolving needs of the wireless landscape. Its products are characterized by wide instantaneous bandwidths, large operating amplitude ranges, compact size, and cost-effectiveness. ThinkRF collaborates closely with federal government departments and defense contractors, providing software-defined radio solutions for various applications, including 5G, spectrum monitoring, signals intelligence, and technical surveillance countermeasures. The platform is remotely deployable, PC-driven, and can be feasibly upgraded, making it a suitable alternative to traditional lab equipment for wireless spectrum analysis.

Cliniconex

Convertible Note in 2017
Cliniconex Inc. is a healthcare management company based in Ottawa, Canada, that specializes in enhancing communication workflows for family and specialty clinics. Founded in 2009, Cliniconex offers a range of solutions, including appointment reminders via voice, email, and text, as well as customizable templates and patient education tools. The platform aims to improve patient engagement by providing automated communication that is tailored to each clinic's workflow. This includes services for booking notifications, reminders, cancellations, and preventive care outreach, all designed to streamline the patient experience and facilitate better healthcare management. By focusing on personalized and manageable communication, Cliniconex supports clinics in delivering effective patient care.

Hut Six

Seed Round in 2017
Hut Six Security specializes in enhancing information security by addressing the human element within organizations. The company offers a SaaS-based platform that focuses on training and testing employee awareness to mitigate the risks associated with human error, a significant factor in cyberattacks. Through adaptive and customized campaigns, Hut Six provides engaging tutorials and uses current case studies to educate staff on security practices. The platform also includes tools for phishing simulations and assessments, allowing businesses to obtain actionable metrics that reflect their vulnerabilities. By fostering secure cultures and improving employee behavior, Hut Six aims to protect organizations from potential cyber threats.

WCS Europe

Seed Round in 2017
WCS Europe develops cloud and SaaS applications, customer relationship and loyalty programmes, application administration and data analysis, services, and equipment. They maintain a consistent technological and marketing track for these businesses, allowing them to stay current on developments. They surround digital transformation, including business processes, mobility, improving customer relationships and experiences, enhancing corporate data, and ensuring the information system's security and agility.

FileFacets

Series A in 2016
FileFacets offers a cloud-based data analytics and content migration platform that enables businesses to effectively manage and migrate data. Its solution automates the categorization of data and the attribution of file metadata, facilitating the seamless migration of unstructured content from various sources into structured enterprise content management systems. By employing advanced algorithms, FileFacets simplifies the process of locating critical data and can scan files without interruption, identifying duplicate files prior to migration. The platform leverages machine learning and artificial intelligence to enhance data discovery and content search capabilities across corporate networks, improving efficiency in file management processes. As a pure Software as a Service (SaaS) solution, FileFacets provides scalable support for multiple users across various locations while ensuring data security.

Twentify

Seed Round in 2016
Twentify is a mobile insights platform that specializes in market research, enabling companies to gather consumer data efficiently. By utilizing smartphone technology, Twentify provides businesses with the opportunity to engage a vast consumer base through its app, Bounty, which has over 300,000 active users globally. This approach allows companies to obtain quick feedback on their stores and directly inquire about consumer behavior and attitudes towards various products and ideas. Compared to traditional market research methods, Twentify offers a faster, more cost-effective, and richer alternative for gathering actionable insights. The platform serves a diverse range of clients, including prominent global consumer packaged goods companies, retailers, internet firms, and banks, helping them enhance their marketing strategies and product development through informed decision-making.

Cliniconex

Seed Round in 2016
Cliniconex Inc. is a healthcare management company based in Ottawa, Canada, that specializes in enhancing communication workflows for family and specialty clinics. Founded in 2009, Cliniconex offers a range of solutions, including appointment reminders via voice, email, and text, as well as customizable templates and patient education tools. The platform aims to improve patient engagement by providing automated communication that is tailored to each clinic's workflow. This includes services for booking notifications, reminders, cancellations, and preventive care outreach, all designed to streamline the patient experience and facilitate better healthcare management. By focusing on personalized and manageable communication, Cliniconex supports clinics in delivering effective patient care.

CreatorDen

Seed Round in 2016
CreatorDen is a platform designed to connect social media influencers with brands for effective marketing campaigns. Founded by Rick Koletavitoglu and Ozan Tabak, CreatorDen offers both a desktop platform and an iOS application that streamline transactions between brand managers and influencers. The company's service enables brands, media, marketing, and advertising agencies to establish partnerships with leading social media influencers, facilitating the creation and execution of targeted marketing strategies. This approach allows corporate clients to effectively engage their audiences and manage advertising campaigns with ease.

Startsub.com

Seed Round in 2016
Startsub is a subscription e-commerce platform that facilitates the rapid establishment of online businesses for individuals and companies. Founded in 2015 and headquartered in Istanbul, Turkey, the company offers a comprehensive solution that includes website development, an integrated secure payment system, and a management dashboard. This platform enables users to manage products, orders, subscriptions, and marketing campaigns efficiently. Startsub aims to assist business owners who face challenges in collecting payments by providing features such as plan management, up-selling, and promotional campaigns. Through its services, Startsub seeks to streamline the process of launching and managing subscription-based businesses with minimal investment.

CareerJSM

Seed Round in 2016
CareerJSM is a job search management platform based in Ottawa, Canada, founded in 2014. It serves campus career centers across North America, offering a comprehensive solution for job seekers to navigate the modern job market. The platform allows users to save, track, and manage job applications from various sources, including job boards and employer websites. CareerJSM provides tools for building ATS-compliant resumes and cover letters, as well as facilitating engagement in networking activities. With a B2B SaaS model, the platform caters to outplacement companies and employment service providers in over six countries, serving more than 80,000 users in both public and private sectors. CareerJSM is committed to enhancing the job search experience and is exploring partnerships and integrations with various organizations to broaden its service offerings.

Thrive Career Wellness Platform

Seed Round in 2016
Thrive is a digital Human Resources SaaS that is offered for employers and HR firms to manage employee offboarding, furlough, working notices or internal redeployment through a mix of comprehensive job search management (JSM) tools, supplemented by a customizable marketplace of 3rd party service providers. The Job Search Management tools were developed through the organization's sister CareerJSM (www.careerjsm.com) product. The third-party service providers range from Thrive's partnerships with leading HR agencies offering career services and coaching, to upskilling through leading e-learning platforms like Linkedin Learning, EdX, Pluralsight and Codecademy, to personal wellness (mental health counselling, health insurance), entrepreneurship (incorporation legal tech & coaching),, to personal branding (photography, graphic design, websites). Users can purchase these services through deposits by their employers. This unique approach allows Thrive to support all employers and job functions within organizations while creating a superior user experience. Customers include SMEs and Fortune 500s like Walmart, Scotiabank and Lowe's. Thrive's software tools are also deployed by governments and not-for-profit sector employment service providers for job seekers. With successful deployment in the Canadian and Australian markets, Thrive is actively seeking HR Agency partnerships in Europe and North America.

Talkative

Seed Round in 2016
Talkative Ltd is a company that specializes in real-time customer engagement software, enabling businesses to connect effectively with their online customers. Founded in 2015 and headquartered in Newport, United Kingdom, Talkative offers a solution that integrates voice web calling, video web calling, co-browsing, and web chat directly into company websites. This software is designed to enhance online sales, boost website conversions, generate leads, and improve customer service while also reducing operational costs. By providing tools that allow companies to see, understand, and resolve customer issues in real time, Talkative aims to elevate the overall customer experience.

Iven

Venture Round in 2016
Iven specializes in providing a device management platform that facilitates the collection, storage, and configuration of data from connected devices. The platform offers real-time data management and rule management, allowing for synchronization with various devices to deliver valuable insights. By integrating these capabilities into existing business products, Iven enables users to enhance productivity, reduce costs, and accelerate time-to-market. In addition to its core offerings, Iven also provides services in the Internet of Things (IoT), including IoT application enablement, cloud computing, and IT consulting, positioning itself as a comprehensive provider in the IoT ecosystem.

HYAS

Seed Round in 2016
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.

Mydoma Studio

Seed Round in 2016
Mydoma Studio develops design management software aimed at empowering design professionals to efficiently execute projects from start to finish, whether in-person or online. The platform provides tools that facilitate the organization of design workflows, enabling designers to share, discuss, and receive feedback on their projects with clients. By offering creative means for presenting demo projects, Mydoma Studio helps designers enhance client interactions and improve project outcomes, ultimately supporting their profitability in a competitive market.

AirVM

Series A in 2015
The AirVM solution addresses the global ICT need to better manage and monetize cloud services across different hybrid cloud technologies. The AirVM platform focuses on business management, allowing enterprises and managed service providers to leverage multiple private and public cloud technologies.

SaaSquatch

Venture Round in 2015
SaaSquatch is a platform that focuses on building effective and scalable loyalty and referral programs for consumer businesses. Founded in 2013 and based in Victoria, BC, Canada, it provides customized referral program software that helps marketers and product teams enhance customer engagement and drive purchase behavior. The platform offers tools for subscription management, program analytics, and security management, allowing businesses to understand customer needs and optimize their marketing strategies. By leveraging existing customer relationships for referrals, SaaSquatch aims to increase customer lifetime value, advocacy, and loyalty, ultimately helping clients acquire new customers through recommendations from satisfied users.

Renewity RMA

Private Equity Round in 2015
Renewity Systems Inc. is a Canadian company that provides a SaaS-based solution designed to automate business processes for manufacturers and repair centers. Its primary offering, Renewity RMA, is a web application that streamlines the management of returned materials authorizations (RMAs). By automating the RMA process, the platform has helped clients significantly reduce turnaround times—by as much as 66%—and minimize communication overload, resulting in a 90% reduction in service-related phone calls and emails. The application has successfully processed over one million RMAs for notable brands, contributing to a 25% decrease in product returns and generating new revenue streams for after-sales services. Through these enhancements, Renewity RMA not only boosts operational efficiencies but also elevates the overall customer experience.

InitLive

Seed Round in 2015
InitLive Inc. is a Canadian company that offers a comprehensive staff and volunteer management solution tailored for events and nonprofit programs. Founded in 2013 and headquartered in Ottawa, InitLive provides a cloud-based platform and mobile application designed to enhance workforce management for various occasions, including festivals, sporting events, and conferences. The platform features a real-time communication system, sophisticated scheduling capabilities, and customizable role management, allowing event organizers to quickly address issues such as no-shows and task assignments. This tool optimizes the overall experience for both staff and participants, improving organization and communication while increasing safety in volunteer environments. InitLive holds five patents and has two pending, distinguishing itself by managing event staffing, program volunteers, and corporate social responsibility initiatives within a single solution. The company is also developing specialized services for food banks, integrating volunteer management with food delivery logistics to further support communities impacted by challenges such as the COVID-19 pandemic.

Enjovia

Seed Round in 2015
Enjovia Limited, operating as Enjovia, specializes in developing an online gift voucher management system tailored for the hospitality sector, including hotels, restaurants, and spas. Established in 2013 and headquartered in Newport, United Kingdom, with an additional office in Ottawa, Canada, the company offers a robust platform that includes advanced administrative tools for customizing, personalizing, and promoting gift vouchers, event tickets, and merchandise. This integrated system aims to streamline operations, enhance user experience, and ultimately increase revenue through effective gift card sales and management.

Learnium

Seed Round in 2015
Learnium Limited is an educational technology company based in Newport, United Kingdom, that focuses on developing an online learning community platform. This platform facilitates communication and collaboration between learners and educators through features such as online chat, groups, and file sharing. Key offerings include Communities, which serves as a private social networking platform for learners, allowing for live webinars, video conferencing, and asynchronous discussions; Lemo, a mobile training platform; and Lectura, a web-based virtual learning environment. Established in 2013, Learnium aims to enhance social and collaborative learning in educational institutions and organizations by enabling students and teachers to connect and work together effectively on assignments and discussions.

Martello Technologies

Seed Round in 2014
Martello Technologies Group Inc., founded in 1981 and headquartered in Ottawa, Canada, specializes in optimizing real-time application performance on cloud and enterprise networks. The company develops and sells products that monitor, measure, and analyze network health, ensuring reliable user experience for critical applications like Microsoft 365 and Mitel systems. Martello's solutions include Mitel Performance Analytics, Martello Gizmo, unified communications solution, Martello iQ platform, Live Maps, and technical support services. Serving diverse industries such as education, healthcare, and remote work globally, Martello aims to enhance service quality and user experience by proactively identifying and addressing network performance issues.

Twentify

Seed Round in 2014
Twentify is a mobile insights platform that specializes in market research, enabling companies to gather consumer data efficiently. By utilizing smartphone technology, Twentify provides businesses with the opportunity to engage a vast consumer base through its app, Bounty, which has over 300,000 active users globally. This approach allows companies to obtain quick feedback on their stores and directly inquire about consumer behavior and attitudes towards various products and ideas. Compared to traditional market research methods, Twentify offers a faster, more cost-effective, and richer alternative for gathering actionable insights. The platform serves a diverse range of clients, including prominent global consumer packaged goods companies, retailers, internet firms, and banks, helping them enhance their marketing strategies and product development through informed decision-making.

Encepta

Seed Round in 2014
Encepta specializes in providing innovative infrastructure solutions for telecommunications, utilities, and municipalities throughout Canada. The company focuses on project management, planning, and design, emphasizing customer satisfaction and speed. Encepta has developed software that assists organizations in assessing and maintaining their telecommunications plant infrastructure by conducting field surveys of distributed assets. This technology enables clients to gain a comprehensive understanding of their infrastructure's condition and optimize related business processes. Through a commitment to data aggregation and research and development, Encepta fosters efficiency and continuous improvement for its clients. The company's ongoing investment in innovation aims to unify outside plant infrastructure data, facilitating faster decision-making and supporting network expansion across various markets.

Pretio Interactive

Venture Round in 2013
Pretio Interactive, Inc. is a company based in Victoria, Canada, that specializes in monetization and engagement solutions for online publishers. Founded in 2012 and originally named RewardsDen, the company offers a proprietary plug-in that allows developers and publishers to reward users with promotional gift cards for various actions, including sharing content and making purchases. This system enables brands and advertisers to achieve intent-driven traffic by connecting user interactions, such as social sharing and revisiting, with targeted real-world rewards from well-known brands. By facilitating these connections, Pretio Interactive enhances user engagement while providing valuable marketing opportunities for advertisers.

Tutela

Venture Round in 2013
At Tutela we understand the importance of having the right information at the right time. We have developed a unique way of collecting significant amounts of mobile experience and usage data. Collaborating with application developers and industry professionals, we provide telecoms and enterprise mobile organisations with the means to make informed decisions and improve their mobile networks.

YUPIQ

Seed Round in 2011
YUPIQ Corporation Limited, based in Ottawa, Canada, specialized in online referral and reward programs designed to enhance sales and brand awareness. The company provided a platform called SocialConnect, which facilitated the management and tracking of promotional campaigns across various sectors, including retail, insurance, and food and beverage. By incentivizing customers to share promotional content through social media channels such as Facebook and Twitter, YUPIQ aimed to foster customer engagement and increase brand visibility. However, as of March 2013, the YUPIQ product was discontinued and integrated into Referral SaaSquatch, marking a transition in its business focus.

Benbria

Seed Round in 2010
Benbria Corporation specializes in mobile customer engagement solutions, primarily through its flagship product, Loop. This platform helps national brands in retail, hospitality, and restaurant sectors enhance their customer experience and streamline operations. Loop provides a range of features that allow businesses to engage with customers through various channels such as SMS, email, web, and in-app messaging. It enables brands to manage customer interactions in real-time, addressing requests, concerns, and feedback efficiently. Additionally, Loop supports specific applications like enhancing guest satisfaction for hotels, improving front-line operations for restaurants, and optimizing event management. Established in 2007 and headquartered in Ottawa, Canada, with an office in New York, Benbria aims to empower brands to deliver superior customer experiences and drive operational excellence.

Teldio

Seed Round in 2010
Teldio Corporation specializes in developing two-way radio applications aimed at enhancing communication and operational efficiency across various industries. The company offers a range of solutions, including the Radio Branch Exchange (RBX) for direct phone calls on radios, an Alarm Control System for automated alarm management, and safety solutions like the Man Down Notifier that detects worker accidents. Additional offerings include a radio-to-radio recording solution, an Indoor Positioning System for tracking assets and personnel, and TruFleet, a GPS tracking and fleet management system. Teldio serves clients in sectors such as manufacturing, hospitality, utilities, education, and healthcare, among others, distributing its products through a network of resellers. Founded in 2008 and based in Kanata, Canada, Teldio maintains strategic partnerships with several technology firms to enhance its service offerings.

Solink

Seed Round in 2009
Solink is a security platform that focuses on capturing and auditing video and transactional data to proactively reduce fraud. The company provides a cloud-based video surveillance solution that integrates video monitoring with point-of-sale systems, allowing clients to gain real-time insights into their daily operations. By automatically matching in-store transactions with video footage and analyzing the data, Solink helps businesses manage loss prevention, optimize operations, and ensure compliance with policies and standards. This comprehensive approach enables users to remotely access all store activities, enhancing overall security.

Inuk Networks

Series B in 2008
Inuk Networks Limited is a service provider that specializes in delivering broadcast quality television and carrier-class telephony through closed IP-based networks. The company has effectively leveraged the rapid expansion of broadband technologies to create a robust platform for its services. By focusing on the integration of television and telephony, Inuk Networks aims to provide high-quality, reliable communication and entertainment options to its customers.

TaraSpan

Venture Round in 2008
TaraSpan Solutions Pvt. Ltd. is a multinational company that specializes in facilitating market entry into India and providing technology solutions and software product development services. Founded in 2007, the firm offers comprehensive market entry services, including market assessments, opportunity sizing, and strategic recommendations that help businesses navigate technical, competitive, and regulatory challenges in the Indian market. Its technology solutions span sectors such as telecommunications, E-learning, cleantech, and security. Additionally, TaraSpan provides software product development services encompassing areas like IP telephony, network monitoring, and analytics. The company also supports local market representation, financing, and operational sales and marketing subsidiary development. With offices in India, the United Kingdom, Bangladesh, Sri Lanka, and the United Arab Emirates, TaraSpan serves a diverse clientele, including leading global technology firms and prominent Indian corporations, facilitating accelerated and de-risked business growth.

Wesley Clover Solutions

Seed Round in 2008
Wesley Clover Solutions specializes in providing voice communication platforms tailored for the financial trading, command and control, and emergency services sectors. The company offers a range of internet protocol-based products and services that facilitate access to voice communication servers globally. Its product lineup includes IP turrets, speakers, IP telephony, voice recording solutions, and financial connectivity tools. Additionally, Wesley Clover Solutions provides implementation and support services, helping clients leverage new technologies while minimizing costs, complexity, and risk.

BrookStreet

Venture Round in 2007
Brookstreet Pictures Corp. is a film production company based in Ottawa, Canada, established in 2004. The company specializes in the development of artistically driven films, including both short and feature-length projects. Brookstreet focuses on creating films that are not only artistically compelling but also commercially viable. Its operations encompass the entire filmmaking process, from script selection and financing to securing investable talent. This allows the company to effectively assemble teams of actors, directors, cinematographers, video editors, and other essential staff needed for the development and production of various media projects.

Natural Convergence

Series C in 2006
Natural Convergence, Inc. is a company that specializes in providing hosted voice over Internet Protocol (VoIP) software tailored for service providers catering to the small business market. Founded in 2001 and headquartered in Ottawa, Canada, the company develops and markets its flagship product, Silhouette, which is designed for telecom carriers and service providers. In addition to its software solutions, Natural Convergence offers a range of services including customizable training, professional services, project management, and a channel program to enhance user experience and support. The company serves a diverse clientele across Canada, the United States, the United Kingdom, the Netherlands, and the Caribbean.

Inuk Networks

Seed Round in 2006
Inuk Networks Limited is a service provider that specializes in delivering broadcast quality television and carrier-class telephony through closed IP-based networks. The company has effectively leveraged the rapid expansion of broadband technologies to create a robust platform for its services. By focusing on the integration of television and telephony, Inuk Networks aims to provide high-quality, reliable communication and entertainment options to its customers.

Inuk Networks

Seed Round in 2005
Inuk Networks Limited is a service provider that specializes in delivering broadcast quality television and carrier-class telephony through closed IP-based networks. The company has effectively leveraged the rapid expansion of broadband technologies to create a robust platform for its services. By focusing on the integration of television and telephony, Inuk Networks aims to provide high-quality, reliable communication and entertainment options to its customers.

Solace

Venture Round in 2004
Solace Systems, Inc. specializes in developing hardware and software message routers that facilitate the movement of real-time information across distributed applications, devices, and users over local and global networks. The company's offerings include message router appliances, virtual message router appliances, and the PubSub+ event management platform, which enables enterprises to create, document, and stream events securely and efficiently. Solace also provides support for various messaging protocols and a GUI tool, SolAdmin, for monitoring client statistics. Additionally, the company offers consulting and training services to assist organizations in deploying and integrating its products. Solace's technology serves a diverse range of industries, including energy, financial services, gaming, government, manufacturing, retail, telecommunications, and transportation, helping major enterprises modernize their operations and embrace event-driven architectures. Founded in 2001, Solace is headquartered in Ottawa, Canada.

Encore Networks

Seed Round in 2004
Encore Networks, Inc. specializes in providing secure, rugged virtual private network (VPN) routers designed for converged and broadband solutions. The company's product offerings include the BANDIT family of routers, which are specifically engineered for mission-critical applications in challenging environments such as utility substations, industrial plant floors, and transportation sites. These routers support both legacy devices and Internet Protocol (IP) standards, making them suitable for a variety of applications, including M2M communications, SCADA systems, and Smart Grid technologies. Encore's solutions incorporate advanced security features, including firewall and IPSec VPN functionality, and are equipped with 4G cellular modems to ensure reliable data, voice, and video communications across diverse network types. The company has established strategic partnerships with several industry leaders, enhancing its ability to deliver comprehensive network solutions. Based in Chantilly, Virginia, Encore Networks is committed to meeting the demands of modern communication needs while ensuring robust security and interoperability across networks.

Convera

Series C in 2001
Convera is a prominent provider of payment services that specializes in facilitating business-to-business foreign exchange and cross-border payments across various sectors, including education, finance, travel, and healthcare. The company offers a comprehensive payments platform designed to help businesses manage international transactions efficiently and effectively. With a focus on delivering reliable and secure payment solutions, Convera enables users to navigate the complexities of cross-currency payments. In addition to its payment services, Convera also provides enterprise search and categorization solutions through its RetrievalWare technology, which allows organizations to efficiently access and manage vast amounts of unstructured information in multiple formats and languages. This dual focus on payments and information retrieval positions Convera as a valuable partner for organizations seeking to optimize their financial and data management processes.
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