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

Terry Matthews

Chairman

Joshua Seerattan

Principal and Senior Investment Analyst

Don Smith

Partner

Past deals in Ottawa

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.

ThinkRF

Venture Round in 2017
ThinkRF Corp, founded in 2006 and based in Kanata, Canada, develops software-defined spectrum analyzers and devices focused on monitoring, detecting, and analyzing complex waveforms. The company offers a range of products, including the R5500 real-time spectrum analyzer and associated software solutions, which are designed for diverse applications such as 5G, signals intelligence, spectrum monitoring, and technical surveillance countermeasures. ThinkRF's unique offerings are characterized by their high performance, wide bandwidth, and compact design, making them suitable for various industries including aerospace, defense, and wireless communications. The company collaborates closely with federal government departments and defense contractors to provide advanced solutions tailored to the evolving wireless landscape, enabling clients to effectively replace traditional lab equipment with innovative, remotely deployable analysis tools.

Mydoma Inc.

Seed Round in 2016
Mydoma Inc. is a Canadian company that specializes in developing Mydoma Studio, an online platform tailored for interior design professionals. This platform facilitates collaboration between designers and their clients, enabling effective project management and business operations. Mydoma Studio offers features such as customizable branded login portals, personal product catalogs, client shopping lists, designer pricing budgets, and mood boards. The software is designed to streamline workflow by allowing designers to share, discuss, and receive feedback on projects, thus enhancing client presentations and overall project organization. Incorporated in 2014 and based in Ottawa, Mydoma Inc. aims to empower interior designers with tools that promote efficiency and profitability in their businesses.

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.

Enjovia

Seed Round in 2015
Enjovia Limited, doing business as Enjovia, designs and develops an online gift voucher certificate and card management processing software system. It serves hotels, restaurants, and spas. The company was incorporated in 2013 and is based in Newport, United Kingdom. It has an additional location in Ottawa, Canada.

InitLive

Seed Round in 2015
InitLive Inc. is a company based in Ottawa, Canada, that specializes in an all-in-one staff and volunteer management solution tailored for various events, including nonprofit activities, festivals, sporting events, and conferences. Founded in 2013, InitLive adopts a mobile-first approach, providing event planners, staff, and volunteers with a real-time communication system and a comprehensive scheduling service. Its cloud-based platform features both a web service and a mobile app, designed to enhance the efficiency of event management. The solution aims to streamline communication and coordination among teams on the ground, ultimately improving the overall experience for event planners, participants, and sponsors.

Martello Technologies

Seed Round in 2014
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.

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 Loop platform, which serves various sectors including retail, hospitality, and restaurants. Founded in 2007 and headquartered in Ottawa, Canada, with an office in New York, Benbria's offerings are designed to enhance the customer experience and improve operational efficiency. The Loop platform enables businesses to engage customers through multiple channels, including SMS, email, and in-app messaging, allowing for real-time capture of customer feedback, requests, and concerns. This facilitates prompt responses from management and staff, ultimately aiming to boost sales conversions, satisfaction scores, and overall business performance. Additional solutions include Loop Mobile Guest Engagement for hotels and Loop Team Engagement for internal communications, as well as BlazeCast for timely information delivery during routine and crisis situations.

Solink

Seed Round in 2009
Solink is a data-driven security platform designed to capture and audit video and transactional data with the aim of proactively reducing fraud. The platform features a unique Video Discovery application that allows users to search for specific events, eliminating the need for manual evidence retrieval based on time and location. By automatically matching in-store transactions with video footage, Solink enables users to analyze data and identify suspicious activities effectively. This comprehensive service model provides businesses with the tools necessary to collect, analyze, investigate, and manage their security data remotely, enhancing overall business security.

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.

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 provider of hosted voice over Internet Protocol (VoIP) software designed for service providers catering to the small business sector. Founded in 2001 and headquartered in Ottawa, Canada, the company develops and markets a product called Silhouette, which serves telecom carriers and service providers. Natural Convergence offers a range of services including customizable training, professional consulting, project management, and a channel program to enhance its software solutions. The company has a diverse customer base across Canada, the United States, the United Kingdom, the Netherlands, and the Caribbean, positioning itself as a significant player in the VoIP market for small businesses.

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.
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