MaRS Investment Accelerator Fund

MaRS Investment Accelerator Fund is an early-stage venture capital firm located in Toronto, Canada, established in 2007. The fund focuses on investing in innovative companies within the information technology, cleantech, deeptech, and healthcare sectors, primarily in Ontario. Since its inception, MaRS IAF has partnered with over 150 companies, supporting exceptional founders in their entrepreneurial journeys. The firm aims to foster growth and innovation in the Canadian startup ecosystem.

Barry Gekiere

Managing Director

Craig Leonard

Senior Investment Director, IAF

Past deals in Canada

Forcen

Series A in 2024
Forcen Inc. is a Toronto-based company that develops and manufactures innovative force-sensing film technology for various applications, including surgical robotics, industrial robotics, and aerospace and defense. Founded in 2015, Forcen specializes in providing real-time force feedback, allowing users to accurately gauge the force applied during surgical procedures or industrial tasks. This technology can be seamlessly laminated onto medical devices and robotic systems, enhancing their performance and safety. By delivering precise data on force and torque, Forcen aims to improve operational efficiency and reduce complications in both medical and industrial environments.

AmacaThera

Series A in 2023
AmacaThera Inc. is a clinical-stage biotechnology company based in Toronto, Canada, established in 2016. The company focuses on developing and commercializing an injectable hydrogel technology designed to enhance drug delivery for various medical applications. This innovative platform aims to improve patient outcomes in areas such as post-surgical pain management, cancer treatment, and other challenging therapeutic targets. AmacaThera's technology features a fast-gelling material that transitions from a liquid to a gel under force, combining hyaluronan and methylcellulose. This unique formulation allows for localized and sustained drug delivery, ultimately assisting healthcare providers in effectively managing patients' pain following surgery.

Cinchy

Series B in 2022
Cinchy Inc. is a Toronto-based company that provides a data collaboration platform designed to enhance data management and protection through a networked architecture known as data fabric technology. Established in 2014, Cinchy enables organizations to connect various data sources while allowing real-time collaboration among systems and users without the need for separate application databases. The platform addresses the challenges of data silos by transforming data into a federated network, facilitating the co-production of data and streamlining processes that typically involve time-consuming and error-prone integrations. With applications across diverse sectors, including banking, retail, and higher education, Cinchy supports critical projects such as data governance, operationalizing AI technologies, and modernizing legacy systems. The company’s approach not only improves efficiency and reduces costs but also enhances data quality and security, ultimately allowing businesses to leverage their data assets more effectively.

GrowerIQ

Seed Round in 2022
GrowerIQ is a cannabis management software platform that offers an integrated seed-to-sale tracking system designed specifically for cannabis producers. By focusing on the needs of Master Growers, it provides an intuitive solution that aligns with real-world best practices. The platform enables users to optimize yield and forecast real-time inventory, helping them operate more efficiently. GrowerIQ facilitates entirely digital operations, significantly reducing compliance risks and streamlining processes, such as generating comprehensive regulatory compliance reports with ease. As a result, licensed producers across Canada and globally rely on GrowerIQ as their essential business backbone, benefiting from data-driven insights and realistic execution plans.

Funnelytics

Seed Round in 2022
Funnelytics Inc., founded in 2017 and based in Toronto, Canada, specializes in funnel mapping and analytics software designed for marketers. The platform enables users to create and customize marketing funnels or utilize existing templates, facilitating the visual mapping and tracking of sales and marketing campaigns. By providing insights into campaign performance across various channels, Funnelytics allows marketers and business owners to measure conversion rates, expenses, traffic volumes, and ultimately calculate profit and return on investment. This tool aims to simplify marketing analysis, making it easier for users to understand and optimize their customer journey.

Nicoya Lifesciences

Series A in 2021
Nicoya Lifesciences Inc. is a Canadian company based in Kitchener that specializes in developing advanced sensor products for the biotechnology and pharmaceutical industries. Founded in 2012, Nicoya creates instruments designed to analyze biomolecular interactions, including proteins, antibodies, DNA, RNA, and small molecules. Their product lineup includes surface plasmon resonance (SPR) instruments, spectrophotometers, sensor chips, reagents, and accessories, as well as the OpenSPR, a personal label-free biomolecular analysis instrument. In addition to hardware, Nicoya offers software solutions for real-time kinetic analysis, instrument control, and optical peak tracking, enhancing the capabilities of their analytical tools.

SYMX.AI

Seed Round in 2021
SYMX.AI is transforming the mining industry with cutting-edge AI, Industrial IoT, and predictive analytics, delivering data-driven solutions that enhance productivity, efficiency, and sustainability. With deep expertise in Asset Performance Management, AI-driven Predictive Maintenance, and IoT connectivity, we empower the natural resources industry to reduce downtime, optimize fuel consumption, and improve operational reliability. Our solutions provide real-time insights and seamless data integration, leading to measurable improvements such as a 9% reduction in fuel consumption, 14% lower maintenance costs, and 50% less unscheduled downtime. SYMX.AI operates out of multiple focus cities, with key team members in Sudbury and Toronto, ON, Chicago, IL, and Elko, NV. We have served over a dozen Global 2000 enterprises across North America, South America, Africa and Europe. We are also the only player in the industry offering a fully integrated end-to-end hardware, software, and AI solution for both heavy and light-duty mobile and stationary equipment.

AmacaThera

Series A in 2021
AmacaThera Inc. is a clinical-stage biotechnology company based in Toronto, Canada, established in 2016. The company focuses on developing and commercializing an injectable hydrogel technology designed to enhance drug delivery for various medical applications. This innovative platform aims to improve patient outcomes in areas such as post-surgical pain management, cancer treatment, and other challenging therapeutic targets. AmacaThera's technology features a fast-gelling material that transitions from a liquid to a gel under force, combining hyaluronan and methylcellulose. This unique formulation allows for localized and sustained drug delivery, ultimately assisting healthcare providers in effectively managing patients' pain following surgery.

Aya

Seed Round in 2020
Aya Payments, founded in 2018 and based in Toronto, Ontario, specializes in developing payment tools and programs for employee benefits packages. The company has created a healthcare payment platform aimed at simplifying medical payments for users. This platform enables individuals to access, manage, and monitor healthcare costs while offering various financial products, including payment, deposit, lending, and investment options. By focusing on enhancing financial flexibility, Aya Payments strives to alleviate the stress associated with healthcare payments, ultimately improving the overall user experience in managing healthcare expenses.

Funnelytics

Seed Round in 2020
Funnelytics Inc., founded in 2017 and based in Toronto, Canada, specializes in funnel mapping and analytics software designed for marketers. The platform enables users to create and customize marketing funnels or utilize existing templates, facilitating the visual mapping and tracking of sales and marketing campaigns. By providing insights into campaign performance across various channels, Funnelytics allows marketers and business owners to measure conversion rates, expenses, traffic volumes, and ultimately calculate profit and return on investment. This tool aims to simplify marketing analysis, making it easier for users to understand and optimize their customer journey.

Doorr

Seed Round in 2020
Doorr Inc. is a company that designs and develops a digital mortgage platform aimed at simplifying the mortgage process for brokers, agents, and financial institutions. Founded in 2018 and based in Toronto, Canada, the platform facilitates seamless collaboration between brokers and their clients on various mortgage-related activities, including pre-approvals, refinances, and purchases. By providing a centralized location for document management and support, Doorr enhances efficiency and reduces barriers associated with data access and sharing. The platform also includes features like data visualization and customizable websites, digitizing the entire experience from the initial application to final approval. As of October 2020, Doorr operates as a subsidiary of D+H Limited Partnership.

Nicoya Lifesciences

Series A in 2020
Nicoya Lifesciences Inc. is a Canadian company based in Kitchener that specializes in developing advanced sensor products for the biotechnology and pharmaceutical industries. Founded in 2012, Nicoya creates instruments designed to analyze biomolecular interactions, including proteins, antibodies, DNA, RNA, and small molecules. Their product lineup includes surface plasmon resonance (SPR) instruments, spectrophotometers, sensor chips, reagents, and accessories, as well as the OpenSPR, a personal label-free biomolecular analysis instrument. In addition to hardware, Nicoya offers software solutions for real-time kinetic analysis, instrument control, and optical peak tracking, enhancing the capabilities of their analytical tools.

RANK Software

Private Equity Round in 2019
Rank Software Inc. is a cybersecurity company based in Toronto, Canada, that specializes in advanced security analytics and threat hunting. Founded in 2014, the company developed a unified threat analytics platform designed for incident response markets, offering solutions such as RANK Sagumen. This enterprise-grade platform enables users to detect, contextualize, and prioritize threats including advanced persistent threats, zero-day attacks, malware, and insider threats. Rank Software serves a diverse clientele, including telecom operators, and distributes its products through resellers and integrators. In 2020, the company was acquired by Arctic Wolf Networks, Inc., further enhancing its capabilities in the cybersecurity arena.

LabsCubed

Seed Round in 2019
LabsCubed Inc. is a company based in Kitchener, Canada, that specializes in manufacturing automated testing systems for materials, particularly plastics and rubbers. Founded in 2016, LabsCubed's innovative machines streamline the testing process by conducting rapid and intelligent stress tests on various tensile samples. Utilizing advanced software, these systems can efficiently process a large volume of samples while gathering detailed data and generating comprehensive analyses. This automation aids materials manufacturers in reducing costs and time associated with product development, ultimately facilitating the creation of new and innovative materials.

CYBERNETIQ

Seed Round in 2019
CYBERNETIQ, INC. is a cybersecurity software company based in Ottawa, Canada, established in 2009. The company specializes in its product, the Control Layer Assessment Workstation (CLAW), which is designed to enhance network security by identifying and quantifying vulnerabilities within users' networks and systems. CLAW enables the monitoring and detection of security events, facilitating a proactive response to potential threats. The platform offers a comprehensive view of the network landscape, allowing users to visualize and manage their attack surface effectively. By integrating various cybersecurity applications and tools, CLAW aims to provide actionable insights for enhancing security measures and maintaining a strong defense against advanced threats.

Bridgit

Series A in 2019
Bridgit Inc. is a Canadian company that specializes in developing construction project management solutions. Founded in 2014 and headquartered in Kitchener, Bridgit offers two primary products: Bridgit Bench, a workforce management and resource planning tool, and Bridgit Field, which focuses on inspection, task, and communication management. The company's mission is to enhance profitability in the construction industry through a people-first approach, transforming workforce data into actionable insights that support strategic and tactical decision-making. Bridgit serves a range of clients, including major construction firms such as Skanska and Balfour Beatty. The company has successfully raised over $35 million in equity financing from various investors, including Autodesk and Salesforce Ventures, enabling it to expand its offerings and support contractors and developers in managing their operations more efficiently.

EnergyX Solutions

Seed Round in 2019
EnergyX Solutions Inc. is a technology company based in Toronto, Canada, specializing in energy management and conservation. Established in 2016, the company has developed a cloud-based energy management software platform that facilitates energy efficiency programs for utilities and energy retailers. Their online platform, "MyEnergyXpert," automates the energy audit process and engages customers by providing personalized recommendations through artificial intelligence. The platform helps identify potential energy savings, enroll customers, and track their progress in real-time, allowing program managers to monitor customer journeys and receive insights for future program design. By implementing its digitized energy efficiency solutions, EnergyX aims to significantly reduce global greenhouse gas emissions, promoting customized energy savings for homes and businesses.

Cybeats Technologies

Seed Round in 2018
Cybeats Technologies Inc. specializes in providing security solutions for Internet of Things (IoT) devices. Founded in 2016 and based in Aurora, Canada, the company develops software that offers protection against both known and unknown threats, enhancing the safety of IoT devices. Its key products include SBOM Studio, an enterprise solution for managing and documenting software components, and RDSP IoT Security, an integrated platform designed to secure connected devices throughout their lifecycle. By helping organizations manage risk and ensure compliance, Cybeats Technologies plays a crucial role in maintaining the security and integrity of software from development through to operation.

Cinchy

Seed Round in 2018
Cinchy Inc. is a Toronto-based company that provides a data collaboration platform designed to enhance data management and protection through a networked architecture known as data fabric technology. Established in 2014, Cinchy enables organizations to connect various data sources while allowing real-time collaboration among systems and users without the need for separate application databases. The platform addresses the challenges of data silos by transforming data into a federated network, facilitating the co-production of data and streamlining processes that typically involve time-consuming and error-prone integrations. With applications across diverse sectors, including banking, retail, and higher education, Cinchy supports critical projects such as data governance, operationalizing AI technologies, and modernizing legacy systems. The company’s approach not only improves efficiency and reduces costs but also enhances data quality and security, ultimately allowing businesses to leverage their data assets more effectively.

Chatter Research

Seed Round in 2018
Chatter Research Inc specializes in a real-time customer research and feedback application tailored for the retail and hospitality sectors. Founded in 2016 and headquartered in Toronto, Canada, with an additional office in Mountain View, California, the company enables customers to provide feedback through conversational surveys via text message as they exit stores or restaurants. By leveraging AI-driven conversations, Chatter aims to enhance customer experiences and drive sales for its clients. As of early 2020, Chatter Research operates as a subsidiary of Stingray Business.

Marble

Seed Round in 2018
Marble operates a cloud-based platform that enables users to retrieve and manage healthcare records from various providers. Founded in 2014 and based in Toronto, Canada, the company offers a solution that connects to a vast health data network, allowing businesses in the legal, consumer health, insurance, and life sciences sectors to access patient-consented health data via an API. Marble's products encompass a variety of document types, including legal, hospital, clinical, and research documents, facilitating the online viewing, storage, and sharing of medical records.

Flosonics

Seed Round in 2018
Flosonics Medical is a medical device company based in Sudbury, Canada, founded in 2017. It specializes in the development of non-invasive sensors aimed at enhancing the management of critically ill patients. The company's flagship product, the FloPatch, is a wearable sensor designed to monitor blood flow in patients' necks following clinical interventions. This innovative device addresses critical clinical needs for healthcare professionals, including physicians, nurses, and paramedics, working in various settings such as ambulances, emergency departments, operating rooms, and intensive care units. By integrating wearable ultrasound technology with connected devices, Flosonics Medical provides portable and user-friendly solutions that facilitate hands-free operation and improve patient care.

Nicoya Lifesciences

Seed Round in 2018
Nicoya Lifesciences Inc. is a Canadian company based in Kitchener that specializes in developing advanced sensor products for the biotechnology and pharmaceutical industries. Founded in 2012, Nicoya creates instruments designed to analyze biomolecular interactions, including proteins, antibodies, DNA, RNA, and small molecules. Their product lineup includes surface plasmon resonance (SPR) instruments, spectrophotometers, sensor chips, reagents, and accessories, as well as the OpenSPR, a personal label-free biomolecular analysis instrument. In addition to hardware, Nicoya offers software solutions for real-time kinetic analysis, instrument control, and optical peak tracking, enhancing the capabilities of their analytical tools.

Bridgit

Series A in 2017
Bridgit Inc. is a Canadian company that specializes in developing construction project management solutions. Founded in 2014 and headquartered in Kitchener, Bridgit offers two primary products: Bridgit Bench, a workforce management and resource planning tool, and Bridgit Field, which focuses on inspection, task, and communication management. The company's mission is to enhance profitability in the construction industry through a people-first approach, transforming workforce data into actionable insights that support strategic and tactical decision-making. Bridgit serves a range of clients, including major construction firms such as Skanska and Balfour Beatty. The company has successfully raised over $35 million in equity financing from various investors, including Autodesk and Salesforce Ventures, enabling it to expand its offerings and support contractors and developers in managing their operations more efficiently.

Lending Loop

Venture Round in 2017
Lending Loop is Canada's first peer-to-peer lending marketplace, dedicated to providing local businesses with accessible capital at fair interest rates. By eliminating costly intermediaries like banks, it facilitates a direct connection between Canadian businesses seeking funds and individual lenders looking for investment opportunities. Through its online platform, Lending Loop enables small businesses to secure debt financing efficiently, ensuring a straightforward application process and attractive returns for lenders. This model not only supports the growth of local enterprises but also fosters a collaborative financial ecosystem that benefits all participants.

MindBridge

Seed Round in 2017
MindBridge Analytics Inc. is a Canadian FinTech company that offers financial analytics software designed for audit, assurance, and commercial enterprises. Utilizing machine learning and artificial intelligence, the MindBridge platform identifies unusual patterns of activities, unintentional errors, and potential financial misstatements within financial datasets. By generating risk-weighted analyses and deep insights into monetary flows, the software helps organizations across various industries enhance their controls, minimize financial losses, and improve decision-making processes.

Tealbook

Seed Round in 2017
Tealbook, Inc. is an online supplier knowledge management and procurement platform headquartered in Toronto, Canada. Founded in 2014, the company provides a centralized system that consolidates credible and up-to-date information about suppliers, enabling procurement teams to identify and connect with qualified suppliers. The platform offers a comprehensive view of supplier data, including company details, product offerings, diversity status, and client recommendations. It also integrates with various enterprise resource planning systems and procurement tools, enhancing the visibility and knowledge of preferred suppliers. Tealbook's innovations have garnered industry recognition, such as being included in the CIX Top 20 and the Gartner Cool Vendor list. Through its services, Tealbook aims to improve buyer-supplier relations and streamline the procurement process for enterprises.

Peak Power

Seed Round in 2017
Peak Power Inc. is a Toronto-based energy storage services provider established in 2015, with operations in New York, New England, and California. The company specializes in intelligent software solutions, notably its flagship platform, Peak Synergy, which optimizes energy management for commercial real estate and industrial clients. By focusing on battery energy storage systems, grid-interactive buildings, and electric vehicles, Peak Power helps customers minimize operational costs, reduce emissions, and participate in energy markets by selling energy back to the grid. The software is designed to enhance existing revenue streams and adapt to evolving market conditions, while the company's services encompass project development, construction, operation, financing, and maintenance. Peak Synergy has been deployed across over 13 million square feet of real estate, managing approximately 150 MWh of combined battery and electric vehicle capacity.

Swift Medical

Seed Round in 2017
Swift Medical Inc. is a Toronto-based company specializing in digital wound care technology aimed at enhancing the prevention, treatment, and management of wounds. Its flagship product, a mobile application called Swift, enables healthcare providers to accurately measure and document wound progression through advanced imaging and real-time image sharing. The application employs artificial intelligence to assess wound characteristics, including circumference and type, facilitating comprehensive analysis for wound specialists. By providing standardized and accessible wound care solutions, Swift Medical aims to improve patient outcomes and support healthcare providers in delivering effective wound management.

RareLogic

Seed Round in 2017
RareLogic Inc. offers an automated predictive email marketing solution tailored for online retailers. Founded in 2009 and based in Ottawa, Canada, the company’s platform utilizes customer data to enhance marketing efforts, enabling businesses to create effective product campaigns. Features include automated event-based email dispatches, predictive email recommendations, and an intuitive drag-and-drop email designer. Additionally, the solution integrates e-commerce functionalities and provides analytics and reporting tools, allowing retailers to optimize their email strategies. RareLogic's approach aims to increase email click-through rates and foster stronger customer relationships, ultimately driving repeat business for its clients.

ClientDesk

Seed Round in 2016
ClientDesk Inc. offers a digital platform designed for the insurance industry, focusing on enhancing interactions between brokers, insurers, and policyholders. Based in Toronto, Canada, the platform allows users to manage their insurance policies on-the-go, access electronic documents, submit change requests, and process claim submissions directly through a mobile application. It also facilitates the first notice of loss forms and provides an on-demand live chat feature for real-time communication with clients. By integrating with broker and policy management systems, ClientDesk enables seamless access to policyholder data, thereby improving engagement and self-service options for users. The company's solution aims to streamline internal operations and enhance the overall client experience for independent brokerage firms.

TritonWear

Seed Round in 2016
TritonWear Inc. is a Canadian company based in Kitchener that specializes in developing performance wearables for athletes and coaches. Its innovative devices offer real-time tracking of athletic performance through mobile technology, addressing challenges in the sports wearables market, particularly issues related to data accuracy and the lack of actionable feedback. TritonWear's products feature patented technology and AI-based auto-coaching capabilities, which automatically calculate performance metrics and provide personalized insights. This allows coaches to monitor their athletes' progress throughout training and competitions, guiding them on specific areas for improvement. By focusing on these critical needs, TritonWear aims to enhance the athletic experience and redefine the limits of performance.

ExpertFile

Seed Round in 2016
ExpertFile Inc. is a Toronto-based company founded in 2009 that specializes in a cloud-based content marketing platform designed for organizations to effectively manage and promote their experts and thought leaders. The platform enables marketing departments to customize content and design that aligns with their branding while facilitating the publication of engaging expert profiles enriched with multimedia such as videos, slides, and publications. This solution addresses the challenge organizations face in managing fragmented content, making it easier to distribute biographies, research papers, and social media feeds to media outlets, prospective clients, and stakeholders. By enhancing the visibility of expert content, ExpertFile helps institutions, including corporations, universities, and healthcare organizations, improve their brand reputation and market presence. The company has received multiple awards for its contributions to content marketing and serves notable clients such as Carnegie Mellon and Emory University.

Pitstop

Pre Seed Round in 2016
Pitstop, founded in 2015 and based in Kitchener, Canada, specializes in artificial intelligence software that monitors and analyzes vehicle data. The company offers a cloud-based Prognostic Maintenance Platform designed to help enterprises optimize their vehicle fleets by aggregating automotive data from connected vehicles, dealerships, fleet managers, and various stakeholders in the automotive supply chain, including insurance companies. Pitstop's platform utilizes advanced algorithms, artificial intelligence, and machine learning to provide real-time insights into vehicle performance, predict maintenance needs, and prioritize potential failures. By leveraging this wealth of information, Pitstop enables fleets to enhance operational efficiencies, reduce downtime, and lower maintenance costs.

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.

Aterlo Networks

Seed Round in 2016
Aterlo Networks is focused on the development of networking products for internet and streaming media users. It offers its solutions for ISPs and content providers; maritime, energy, and mining sectors; and work camps. Aterlo Networks was founded in 2014 and is based in Kitchener, Ontario.

Statflo

Seed Round in 2016
Statflo Inc. is a technology company that specializes in a one-to-one business text messaging platform designed for customer-facing teams, primarily in the retail sector. Founded in 2012 and headquartered in Toronto, Canada, with an additional office in San Francisco, Statflo's platform utilizes data and analytics to enhance customer engagement and loyalty. By integrating with point-of-sale systems, it enables retailers to effectively communicate with past customers, helping to turn idle time into productive interactions. The platform offers features such as real-time dashboard reporting, monthly commissions data, NPS surveys via SMS, and secure data storage. Customers using Statflo have reported significant increases in sales, in-store appointments, and customer lifetime value within a short time frame.

eMurmur

Pre Seed Round in 2016
eMurmur is a digital health company based in Ottawa, Ontario, that focuses on developing applications for the detection, analysis, and classification of heart murmurs. Established in 2015, the company utilizes advanced machine learning techniques to analyze medical data, particularly in auscultation. Its platform not only assists healthcare professionals in diagnosing heart conditions but also incorporates features for remote recording of heart sounds, tele-auscultation, and cloud integration. Additionally, eMurmur provides educational solutions aimed at enhancing classroom learning and self-paced education. Through its innovative technology, eMurmur aims to improve the screening, monitoring, and consultation processes related to heart, lung, and bowel health.

Peak Power

Pre Seed Round in 2016
Peak Power Inc. is a Toronto-based energy storage services provider established in 2015, with operations in New York, New England, and California. The company specializes in intelligent software solutions, notably its flagship platform, Peak Synergy, which optimizes energy management for commercial real estate and industrial clients. By focusing on battery energy storage systems, grid-interactive buildings, and electric vehicles, Peak Power helps customers minimize operational costs, reduce emissions, and participate in energy markets by selling energy back to the grid. The software is designed to enhance existing revenue streams and adapt to evolving market conditions, while the company's services encompass project development, construction, operation, financing, and maintenance. Peak Synergy has been deployed across over 13 million square feet of real estate, managing approximately 150 MWh of combined battery and electric vehicle capacity.

bitHound

Seed Round in 2015
bitHound Inc. is a software analytics company based in Kitchener, Canada, founded in 2013. The firm specializes in providing developers with insights and analytics that enhance software project quality. Its solutions enable users to engage in discussions about code quality improvements and help prioritize critical files. By analyzing various project activities and dependencies, bitHound offers actionable recommendations that assist developers in creating cleaner, more efficient, and maintainable software. This focus on code quality not only enhances performance but also leads to significant cost savings by improving feature delivery and reducing the incidence of bugs. Overall, bitHound aims to empower developers with the necessary tools to optimize their software development processes.

Spoonity

Seed Round in 2015
Spoonity Inc. is a Canadian company based in Ottawa that specializes in developing an online loyalty platform for the food and beverage industry, particularly targeting quick-service restaurants (QSRs). Founded in 2011, Spoonity empowers businesses to create and manage customer rewards programs through a comprehensive suite of tools. Its platform offers customizable rewards programs, intuitive management dashboards, and integrations with point-of-sale systems and payment gateways. Additionally, Spoonity provides 360-degree customer data insights and a marketing toolkit designed to enhance customer engagement. By leveraging innovative technology and artificial intelligence, Spoonity aims to drive revenue growth and brand success for its clients in the competitive restaurant landscape.

Encycle Therapeutics

Venture Round in 2015
Encycle Therapeutics is a Toronto-based biotech company exploiting a unique platform technology that enables the rapid synthesis of drug-like macrocycles or membrane-permeable nacellins. Nacellins have enormous potential to target intracellular protein-protein interactions, which are largely intractable to small molecule and biologic modulation, and can represent cheaper, oral equivalents to existing biologics (e.g., monoclonal antibodies). Encycle has collaborated with several pharmaceutical companies to complete a screening library of nacellins, many of which are cell-permeable and possess other drug-like properties. The company is also pursuing independent development of nacellins against integrin alpha-4-beta-7 (IBD) and SMURF2 (fibrosis); its lead program seeks to develop orally bioavailable inhibitors of integrin alpha-4-beta-7, which are safer and less immunogenic than marketed and investigational biologics targeting the same protein.

Nicoya Lifesciences

Angel Round in 2015
Nicoya Lifesciences Inc. is a Canadian company based in Kitchener that specializes in developing advanced sensor products for the biotechnology and pharmaceutical industries. Founded in 2012, Nicoya creates instruments designed to analyze biomolecular interactions, including proteins, antibodies, DNA, RNA, and small molecules. Their product lineup includes surface plasmon resonance (SPR) instruments, spectrophotometers, sensor chips, reagents, and accessories, as well as the OpenSPR, a personal label-free biomolecular analysis instrument. In addition to hardware, Nicoya offers software solutions for real-time kinetic analysis, instrument control, and optical peak tracking, enhancing the capabilities of their analytical tools.

Statflo

Seed Round in 2015
Statflo Inc. is a technology company that specializes in a one-to-one business text messaging platform designed for customer-facing teams, primarily in the retail sector. Founded in 2012 and headquartered in Toronto, Canada, with an additional office in San Francisco, Statflo's platform utilizes data and analytics to enhance customer engagement and loyalty. By integrating with point-of-sale systems, it enables retailers to effectively communicate with past customers, helping to turn idle time into productive interactions. The platform offers features such as real-time dashboard reporting, monthly commissions data, NPS surveys via SMS, and secure data storage. Customers using Statflo have reported significant increases in sales, in-store appointments, and customer lifetime value within a short time frame.

Opencare

Seed Round in 2015
Opencare Inc. operates a healthcare discovery platform that connects patients with healthcare providers in North America, primarily focusing on dental services. Founded in 2012 and based in Toronto, Canada, the company's platform allows users to find and book appointments online with a variety of healthcare professionals, including dentists, chiropractors, massage therapists, physiotherapists, and optometrists. By transforming the dental industry, Opencare aims to provide patients with confidence in receiving high-quality care while also facilitating practice growth for top dentists. The platform streamlines interactions between patients and providers, ensuring a convenient and rewarding experience for all users. Opencare was previously known as HealthKiwi Inc. before rebranding in March 2018.

ExpertFile

Seed Round in 2015
ExpertFile Inc. is a Toronto-based company founded in 2009 that specializes in a cloud-based content marketing platform designed for organizations to effectively manage and promote their experts and thought leaders. The platform enables marketing departments to customize content and design that aligns with their branding while facilitating the publication of engaging expert profiles enriched with multimedia such as videos, slides, and publications. This solution addresses the challenge organizations face in managing fragmented content, making it easier to distribute biographies, research papers, and social media feeds to media outlets, prospective clients, and stakeholders. By enhancing the visibility of expert content, ExpertFile helps institutions, including corporations, universities, and healthcare organizations, improve their brand reputation and market presence. The company has received multiple awards for its contributions to content marketing and serves notable clients such as Carnegie Mellon and Emory University.

Nix Sensor

Seed Round in 2015
Nix Sensor Ltd. specializes in developing digital color sensing equipment, particularly the Nix color sensor and accompanying application. Founded in 2012 and based in Hamilton, Canada, the company provides a solution that allows users to easily scan objects and obtain precise color data, which can be saved, shared, and compared through their smartphones. This technology caters to a wide range of professionals, including interior decorators, graphic designers, and artists, enabling them to streamline their color selection processes and manage their preferred shades effectively. Nix's portable spectrophotometers work seamlessly with their software, eliminating the need for traditional, manual color measurement methods. The company operates globally, serving various industries such as paint, cosmetics, and manufacturing.

Litmus Automation

Seed Round in 2015
Litmus Automation Inc. is a company that specializes in developing a cloud-based Internet of Things (IoT) platform designed for industrial applications. Founded in 2013 and headquartered in San Jose, California, with additional offices in Toronto and Chiyoda, the company offers solutions through its software, Litmus Edge. This software collects, normalizes, and analyzes real-time data directly from various devices, machines, controllers, and sensors, providing operators with essential insights to mitigate potential downtimes and business risks. Additionally, Litmus Automation has developed Litmus Edge Manager, a centralized platform for managing devices, data, and applications. This tool enables secure mass deployment, over-the-air updates, and automated actions, facilitating better control over edge devices. The company's innovative approach aims to transform critical edge data into actionable intelligence, supporting maintenance, machine learning, and artificial intelligence initiatives for organizations implementing IoT solutions.

Pagecloud

Seed Round in 2015
PageCloud Inc. is a cloud-based content management system based in Ottawa, Canada, founded in 2013. The company offers a browser-based platform that enables users to design, build, and launch websites and online stores. Its services include search optimization, marketing tool integration, and customizable forms to help businesses engage with their audiences effectively. PageCloud's collaborative tools facilitate a seamless website creation process, allowing designers and creators to customize their online presence according to their specific needs. This platform is tailored to support businesses in achieving success in the digital landscape.

Influicity

Seed Round in 2015
Influicity Corporation operates an influencer exchange and campaign management platform designed for marketers, agencies, and publishers. The platform offers data and insights on influencers, allowing users to search, book, measure, and collaborate with them across various social media channels, including YouTube, Twitter, and Instagram. This service enables advertisers to connect with influencers for product placements and other marketing initiatives. Additionally, Influicity supports collaboration among marketers, media buyers, advertising sales teams, production companies, publishers, and talent representatives, facilitating the engagement with content creators and distributors. Founded in 2015 and headquartered in Toronto, Canada, with an office in Los Angeles, Influicity aims to enhance brand marketing through technology, data analytics, and artificial intelligence, transforming influencer marketing into a measurable media operation.

Unata

Seed Round in 2015
Unata Inc. is a Toronto-based company that offers a marketing and analytics platform designed to enhance the grocery shopping experience through personalization and real-time engagement. Founded in 2009, Unata connects retailers' loyalty and customer relationship management systems with various digital channels, creating an integrated omni-commerce environment. Its platform tracks customer interactions, including pre-purchase behaviors, and utilizes machine learning to deliver tailored product recommendations and promotions based on individual shopping histories. By linking web, mobile, email, and in-store experiences, Unata empowers grocery retailers to improve customer loyalty and increase spending, making the shopping process more relevant and efficient for consumers. The company operates as a subsidiary of Maplebear Inc. since 2018.

PostBeyond

Seed Round in 2014
PostBeyond Inc. is a Toronto-based company that offers a social media engagement and advocacy platform, enabling employees to share approved corporate content through their personal networks. Founded in 2013, the company's software provides various solutions, including marketing tools that enhance brand visibility, sales solutions that support lead generation and target content delivery, and human resource solutions aimed at empowering employees and strengthening employer branding. By fostering knowledge sharing and breaking down organizational silos, PostBeyond's platform helps businesses adapt to the evolving workplace landscape. The company has established partnerships with notable organizations such as Molson Coors, Starbucks, and BMO, highlighting its commitment to facilitating effective communication and employee engagement.

Ranovus

Series B in 2014
Ranovus is a provider of advanced interconnect solutions for data centers and communications networks, focusing on multi-terabit capabilities. Founded in 2012 and headquartered in Ottawa, Ontario, the company develops optoelectronics components and transceiver subsystems that utilize Quantum Dot Multi-Wavelength Laser technology in conjunction with digital and photonics integrated circuit technologies. This innovative approach aims to establish new industry standards for power efficiency, compactness, and cost-effectiveness in optical interconnect solutions, addressing the growing demands of the telecommunications sector for enhanced connectivity alternatives.

StackAdapt

Seed Round in 2014
StackAdapt Inc. operates a programmatic advertising platform that focuses on multi-channel solutions, including native, video, display, connected TV, audio, in-game, and digital out-of-home ads. Founded in 2013 and headquartered in Toronto, Canada, with an additional office in San Francisco, the company facilitates the branding of products through its advanced platform, which integrates machine learning with user experience. StackAdapt provides audience targeting, creative strategy consulting, and support services, enabling advertisers to effectively promote content and video. The platform is recognized for its high customer satisfaction, having been ranked as the top demand-side platform (DSP) on G2 for six consecutive years and earning accolades such as one of Ad Age's Best Places to Work in 2022. StackAdapt's focus on planning, executing, and analyzing campaigns allows industries to achieve their marketing objectives through data-driven insights and improved campaign performance.

Bridgit

Seed Round in 2014
Bridgit Inc. is a Canadian company that specializes in developing construction project management solutions. Founded in 2014 and headquartered in Kitchener, Bridgit offers two primary products: Bridgit Bench, a workforce management and resource planning tool, and Bridgit Field, which focuses on inspection, task, and communication management. The company's mission is to enhance profitability in the construction industry through a people-first approach, transforming workforce data into actionable insights that support strategic and tactical decision-making. Bridgit serves a range of clients, including major construction firms such as Skanska and Balfour Beatty. The company has successfully raised over $35 million in equity financing from various investors, including Autodesk and Salesforce Ventures, enabling it to expand its offerings and support contractors and developers in managing their operations more efficiently.

SceneDoc

Seed Round in 2014
SceneDoc Inc. is a Canadian company that provides a mobile-first software platform designed for data collection and digital evidence management, specifically tailored for law enforcement, education, and government markets. Founded in 2011 and based in Mississauga, SceneDoc enables frontline officers, field agents, and specialized crime scene teams to capture data and generate reports at the point of need, significantly improving operational efficiency. The platform allows for secure storage and access to multimedia and electronic notes via the cloud, reducing the time spent on paperwork by an average of one hour per shift. This modernization helps agencies operate with greater clarity and control, allowing law enforcement professionals to focus more on community engagement. SceneDoc was previously known as Siamese Systems Inc. and became a subsidiary of Tyler Technologies in 2018.

National ProStaff

Seed Round in 2014
National ProStaff Inc., based in Oshawa, Canada, operates a social commerce platform tailored for anglers and hunters. This platform serves as a social network and marketplace, connecting consumers with brand experts in the fishing industry. Users can explore various fishing products, share their experiences, and learn effective techniques for different fishing locations. By facilitating connections between enthusiasts and brands, National ProStaff enhances the fishing experience and promotes product discovery through engaging content available for purchase on its platform.

Aislelabs

Seed Round in 2014
Aislelabs Inc. is a technology company that provides an intelligent cloud platform designed to enhance in-store marketing for retailers. Based in Toronto, Canada, Aislelabs offers a range of solutions that enable businesses to gain insights into consumer behavior both inside and outside their physical locations. Their flagship products include Aislelabs Flow, which delivers actionable analytics and visualizations of customer interactions, and Aislelabs Pass, which leverages indoor location and behavioral data to target shoppers effectively. Additionally, Aislelabs Engage facilitates personalized marketing through real-time notifications based on individual shopper profiles and store traffic patterns. The company's technology helps retailers of all sizes, including boutique shops, restaurants, and large retail chains, to optimize operations, increase sales, and enhance customer satisfaction by fostering meaningful relationships with their clientele. Founded in 2013, Aislelabs continues to innovate in the realm of big data analytics for the retail sector.

Atomic Reach

Series A in 2014
Atomic Reach Inc. is a Toronto-based company that specializes in a pre-publishing content optimization platform designed for publishers, brands, and bloggers. Founded in 2010, it utilizes machine learning and data analytics to provide actionable insights that help marketers create content that drives engagement and conversions. The platform enables users to analyze their historical content and adjust it according to audience preferences, thereby maximizing the effectiveness of their online content marketing strategies. By employing advanced linguistic analysis and mathematical models, Atomic Reach assists marketers in refining their messaging to enhance reader conversion rates.

Guardly

Seed Round in 2014
Guardly is a Toronto-based provider of mobile safety solutions aimed at enhancing the preparedness and response of security teams to various threats. The company offers mobile safety applications compatible with multiple platforms, including Android and iPhone, which function as personal emergency phones. These applications facilitate instant two-way communication with private security and authorities, improving situational awareness through real-time indoor positioning, GPS data, caller identity, and incident details. Guardly Command™ is a key component of its offerings, allowing security operators to monitor and manage real-time data effectively, thereby enhancing decision-making and reducing emergency response times by up to 44 percent. Additionally, Guardly's cloud-based platform prioritizes the protection of clients' personal data while streamlining emergency communication.

Rubikloud

Seed Round in 2013
Rubikloud, based in Toronto, Canada, specializes in retail intelligence platforms that leverage machine learning and big data to enhance decision-making for retailers. The company's cloud-native machine learning platform and its two main applications, Promotion Manager and Customer LifeCycle Manager, automate promotional planning and loyalty-driven marketing for large-scale retailers. By analyzing data from both online and offline consumer behaviors, Rubikloud helps retailers gain valuable insights into customer preferences, including product affinity, price sensitivity, response predictions, and demand forecasts. With a client base that includes multi-billion-dollar retail brands across North America, Europe, and Asia, Rubikloud aims to simplify the complex processes of retail marketing through advanced AI-driven solutions.

eCamion

Seed Round in 2013
eCamion Inc. develops and manufactures energy storage solutions, focusing on the integration of lithium-ion battery systems. The company offers a range of products, including energy storage systems for solar and wind power projects, as well as off-grid and microgrid applications. In addition to its core products, eCamion provides idling technologies, auxiliary power solutions, and charging stations. The company also offers comprehensive energy management consulting services, covering strategic, commercial, and regulatory advice, along with pre-design, design consulting, and project management for various sectors, including industrial, commercial, and residential. eCamion is based in Markham, Canada, with additional offices in Ontario, and serves customers primarily in North America. Founded in 2009, the company emphasizes operational flexibility and efficiency in its solutions.

Sparq Systems

Seed Round in 2013
SPARQ Systems Inc. is a Canadian company specializing in the manufacture of solar micro-inverter solutions. Founded in 2009 and headquartered in Kingston, Canada, the company has developed advanced photovoltaic micro-inverter technology that supports the growing distributed solar market. Its flagship product, the Q1000 four-port micro-inverter, facilitates efficient power conversion. Additionally, SPARQ offers the SparqLinq wireless gateway for communication with its micro-inverters and SparqVu, a fleet management solution that provides performance data. The company employs a software-driven approach to maximize energy harvesting from solar modules while ensuring compatibility with existing power distribution networks and future smart grid systems. SPARQ has established strategic partnerships across the solar industry, collaborating with end users, installers, distributors, and manufacturers to enhance its market presence.

Intellijoint Surgical

Series A in 2013
Intellijoint Surgical Inc. is a Canadian medical device company founded in 2010 and headquartered in Waterloo, Canada. The company specializes in developing innovative tools to assist orthopedic surgeons, primarily focusing on hip replacement surgery. Their flagship product, Intellijoint HIP, is a miniaturized system that enhances the accuracy of implant selection and positioning. This affordable and easy-to-use device combines hardware and software, utilizing miniature optical sensors and microelectronics to provide real-time quantitative data on cup position, leg length, and offset during surgery. By integrating this technology into the surgical workflow without altering established techniques, Intellijoint HIP allows surgeons to make informed decisions quickly, improving surgical precision and patient outcomes while also enhancing hospital efficiencies. In recognition of its contributions to the field, Intellijoint Surgical received the North American Frost & Sullivan Enabling Technology Leadership Award in 2016.

Ranovus

Series A in 2013
Ranovus is a provider of advanced interconnect solutions for data centers and communications networks, focusing on multi-terabit capabilities. Founded in 2012 and headquartered in Ottawa, Ontario, the company develops optoelectronics components and transceiver subsystems that utilize Quantum Dot Multi-Wavelength Laser technology in conjunction with digital and photonics integrated circuit technologies. This innovative approach aims to establish new industry standards for power efficiency, compactness, and cost-effectiveness in optical interconnect solutions, addressing the growing demands of the telecommunications sector for enhanced connectivity alternatives.

BlueDot

Seed Round in 2013
BlueDot Inc. is a data analytics company based in Toronto, Canada, specializing in infectious disease monitoring and response. Founded in 2008 and formerly known as BioDiaspora Inc., BlueDot employs a combination of artificial intelligence and human expertise to analyze over 190 infectious diseases worldwide. The company provides critical insights by integrating various datasets, including disease outbreaks, healthcare facilities, local mobility patterns, animal populations, and climate data. Its early warning system helps public and private organizations identify potential infectious disease threats, allowing them to respond effectively without overreacting or underreacting. By delivering comprehensive data analytics solutions, BlueDot aims to enhance global preparedness against infectious diseases.

ChangeIt

Seed Round in 2013
ChangeIt is a technology-based start-up located in Kitchener-Waterloo, Ontario, that offers an innovative solution for charitable giving. Its flagship product, ChangeIt, is a patent-protected feature that integrates seamlessly with existing debit and credit cards. This platform allows cardholders to automatically round up their purchases, donating the spare change to their chosen causes. Users can track their donations online, manage their rounding preferences, and set monthly donation limits, making charitable giving an effortless part of everyday transactions. By simplifying the donation process, ChangeIt aims to foster a culture of philanthropy and encourage more individuals to contribute to charitable causes.

ExactFlat

Series B in 2013
ExactFlat, a division of Tri-D Technologies Inc. based in Toronto, Canada, specializes in software that converts 3D CAD designs into 2D flat patterns for the textile and composite industries. Its platform facilitates the transformation of three-dimensional objects into flat patterns and production templates, streamlining the design process for sewing patterns. Additionally, it provides tools for calculating and adjusting material costs, enhancing efficiency in product fabrication. By bridging the gap between 3D modeling and flat pattern design, ExactFlat supports manufacturers in optimizing their production workflows.

Switchable Solutions

Seed Round in 2013
Switchable Solutions, Inc. is a Canadian company that specializes in innovative recycling services for bitumen recovery from oil sands and plastics recycling. Founded in 2011 and based in Kingston, it emerged as the first spin-off from GreenCentre Canada, which is dedicated to advancing green chemistry innovations. The company focuses on developing clean chemical process technologies that address the challenges associated with traditional organic solvents used in industrial processes, such as seed oil extraction. By providing advanced solutions, Switchable Solutions aims to enhance the profitability and sustainability of its clients' operations.

Atomic Reach

Seed Round in 2013
Atomic Reach Inc. is a Toronto-based company that specializes in a pre-publishing content optimization platform designed for publishers, brands, and bloggers. Founded in 2010, it utilizes machine learning and data analytics to provide actionable insights that help marketers create content that drives engagement and conversions. The platform enables users to analyze their historical content and adjust it according to audience preferences, thereby maximizing the effectiveness of their online content marketing strategies. By employing advanced linguistic analysis and mathematical models, Atomic Reach assists marketers in refining their messaging to enhance reader conversion rates.

Jibestream

Seed Round in 2012
Jibestream Inc. specializes in indoor navigation and mapping software, providing a geospatial platform that integrates business data with indoor maps to enhance the functionality of smart indoor spaces. Founded in 2009 and based in Toronto, Canada, the company offers a suite of tools, including SDKs, APIs, and a web-based content management system, allowing developers to create customized map-enabled solutions for various enterprise applications. These solutions support use cases such as wayfinding, asset tracking, spatial business intelligence, and facilities management. Jibestream's clientele includes notable organizations like the US Army, the Pentagon, and Toronto Pearson Airport. The company has also established strategic partnerships with firms like Cisco and Crestron. As of August 2019, Jibestream operates as a subsidiary of Inpixon Canada, Inc.

InTheChat

Seed Round in 2012
In the Chat is a ground-breaking social media sales and customer service company. Our purpose is to transform the way organizations do business by delivering the social generation of sales, customer service and profitability. We’re in the business of directly connecting consumers and companies as quickly and easily as possible. By helping our clients improve their online customer service, we can help them develop happier and more loyal customers and drive profitability through social media. We’ve developed a suite of social media solutions that are fast, easy, and effective – from set-up to selling – and help our clients improve their customer service and loyalty through social media. Our search, text mining, analytics, servicing platforms and professional services help our clients to identify key issues and trends in social media that impact their brands and to connect with social media users who are looking for help or advice for their products and services. We’re privately funded and backed by a leadership team with more than 100 years of combined experience in customer service operations, strategy, and technology. We’re located in Waterloo, Ontario - Canada’s booming technology hub - and we continue to build an outstanding team of committed service professionals. We’re really glad you’re here. The move to service in social media offers a huge opportunity to build competitive advantage and grow bottom-line results. We want to make it the best move for you. Drop us a line anytime to let us know how we can help.

Horizn

Seed Round in 2012
Horizn is a SaaS technology company based in Toronto that provides a knowledge-sharing platform designed for banks and financial institutions. The company focuses on enhancing digital adoption and improving customer and employee experiences through its innovative mobile enterprise platform. By integrating learning, social technology, and advanced analytics, Horizn empowers organizations to distribute knowledge effectively among employees, partners, and customers, driving engagement and results. Operating globally in over 40 countries and supporting 15 languages, Horizn serves a diverse clientele and boasts a workforce that speaks 19 languages and hails from more than 14 countries. The platform enables financial institutions to enhance digital knowledge and usage, ultimately accelerating adoption rates and improving customer interactions.

Shopcaster

Seed Round in 2012
Shopcaster Inc. operates a website that allows independent merchants, retailers, and boutiques in Canada to showcase and sell their products online. The platform enables these businesses to display a wide range of items across various categories, including furniture, home and kitchen goods, children's products, men's and women's apparel, pet supplies, sports and outdoor gear, and vintage items. By facilitating online visibility for local retailers, Shopcaster helps consumers browse and shop for products from their favorite stores, enhancing the overall shopping experience. The company is based in Canada.

CreativeD

Seed Round in 2012
Creative D is a Toronto­-based entertainment software company creating new digital channels. Decksi digital trading cards is our first product. We create platforms that blend content, social, and games to make cool products. Ultimately, we aim to keep things fun and easy. Fun for fans, easy for companies. Creative D was started by four guys who wanted to do things better. We're fans ourselves, but combined with over 40 years of experience in film, television, music, video games, and digital.

Fiix

Seed Round in 2011
Fiix Inc. is a Toronto-based company that specializes in cloud-based maintenance and asset management software for various industries, including fleet management, manufacturing, and education. The company's main product, Fiix, is designed to simplify maintenance management by organizing, tracking, and scheduling maintenance activities through a user-friendly interface. It offers a mobile app for iOS and Android, enabling users to manage work orders, track inventory, and oversee asset history seamlessly. Fiix also provides features such as preventive maintenance scheduling, custom report generation, and integration with ERP systems, making it a comprehensive solution for businesses looking to optimize their maintenance processes. Founded in 2008 as Maintenance Assistant Inc., the company rebranded to Fiix Inc. in 2016, remaining committed to delivering affordable and accessible maintenance management solutions that reflect its founders' vision of simplicity in a traditionally complex field.

Therapeutic Monitoring Systems

Seed Round in 2011
Therapeutic Monitoring Systems Inc. is a company focused on developing and commercializing clinical decision support software designed for critical care in hospital intensive care units (ICUs) and emergency departments. Its CIMVA software platform integrates with critical care monitors to analyze patient vital signs, providing healthcare professionals with insights into patients' health statuses that are typically unavailable through standard monitoring equipment. The CIMVA Universal application further enhances this capability by allowing for the calculation and display of physiological waveform variability across multiple organ systems. Founded in 2007 and based in Ottawa, Canada, Therapeutic Monitoring Systems serves a range of customers both in the United States and internationally. The company's software aims to improve patient outcomes by leveraging big data analytics to support clinical decision-making in complex care scenarios. Currently, CIMVA is undergoing studies at various hospitals across North America to validate its effectiveness in enhancing bedside care.

SurfEasy

Seed Round in 2011
SurfEasy, Inc., founded in 2011 and based in Toronto, Canada, specializes in providing solutions for personal online privacy and security. As a subsidiary of Symantec Corporation since November 2017, SurfEasy offers a portable USB key that launches a password-protected web browser, ensuring that users' internet traffic is encrypted across its high-speed network. The company's focus is on delivering user-friendly tools that enhance online safety and protect personal information.

Karos Health

Seed Round in 2011
Karos Health Incorporated specializes in clinical imaging exchange and workflow solutions aimed at enhancing patient care quality. The company offers a range of products, including EasyViz Diagnostic, a comprehensive diagnostic workstation designed for radiologists and cardiologists, and EasyViz Enterprise, a zero client viewer that provides clinicians and referring physicians with access to high-quality DICOM images. Additionally, Karos Health's Rialto platform facilitates the cross-enterprise sharing of clinical images and documents, promoting collaboration among healthcare providers and patients. This platform is built on open standards to ensure the secure handling of patient health information. Founded in 2006 and headquartered in Waterloo, Canada, Karos Health also provides deployment, support, and training services to ensure effective use of its solutions across healthcare organizations.

Profound Medical

Series A in 2011
Profound Medical Corp. is a medical technology company that specializes in developing magnetic resonance-guided ablation procedures for treating prostate disease, uterine fibroids, and palliative pain management. The company’s primary product, the TULSA-PRO system, integrates real-time MRI guidance with ultrasound technology to provide precise, non-invasive treatment options for various conditions. Additionally, Profound Medical offers the Sonalleve platform, which targets uterine fibroids and bone metastases, enhancing the range of therapeutic solutions available to clinicians. The company collaborates with GE Healthcare to improve access to its TULSA-PRO system in medical facilities. Headquartered in Mississauga, Canada, Profound Medical is dedicated to advancing the standard of care by enabling safe and effective treatment alternatives for patients, allowing them to return to their daily lives more quickly.

Temporal Power

Seed Round in 2011
Temporal Power is an Ontario-based developer and manufacturer of electrical energy storage systems. The company’s breakthrough technology enables utilities, generators and industrial customers to realize the benefits of large-scale energy storage with a low cost, high performance solution. In 2013, Temporal Power will commission 7 MW of its power storage solution in Ontario, with the province’s two largest utility companies, the Independent Electricity System Operator and NRstor Inc. (www.nrstor.com), a developer of energy storage projects.

Xagenic

Seed Round in 2011
Xagenic Inc., a Toronto, Canada-based molecular diagnostics company developing new technology for decentralized, rapid diagnostic testing, and a true point-of-care platform. Our aim is to enable on-demand, near-patient molecular testing, empowering clinicians in making treatment decisions for their patients at the time of the first consultation. This will dramatically improve patient care and reduce health care costs. Xagenic has adapted this technology to permit rapid, enzyme-free detection of nucleic acids from clinical samples. We are commercializing a simple and fully automated technology platform that will enable widespread decentralized diagnostic testing to be performed outside of clinical laboratories. Our team is developing infectious disease tests that will allow the detection of a variety of analytes in situations where rapid test turnaround will provide clinically actionable results.

Geminare

Seed Round in 2010
Geminare is a leading provider of Recovery as a Service (RaaS) solutions tailored for the Small and Medium Enterprise (SME) sector. The company specializes in innovative cloud technologies, including Cloud Recovery and Cloud Storage, which are distributed through a global network of channel partners. Geminare's offerings feature a mature resilience management platform that supports IT resilience orchestration and automation, facilitating businesses in launching effective RaaS products. With a focus on a multi-vendor, technology-neutral approach, the platform enables service providers to implement advanced role-based access controls. Headquartered in Toronto, Canada, Geminare operates in the U.S., Canada, and Europe, partnering with notable organizations such as Qwest Communications, Hosting.com, Bell Canada, and CA Technologies Inc.

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.

Client Outlook

Seed Round in 2010
Client Outlook Inc. is a healthcare technology company based in Waterloo, Canada, focused on improving the technological experience for healthcare professionals and patients. The company offers eUnity, a server-based universal viewer that allows healthcare providers to access, manipulate, and collaborate on medical images in real time through any web browser. Additionally, eUnity Mobile extends these capabilities to mobile devices, ensuring that professionals can access critical imaging data from anywhere. By fostering strategic alliances with organizations like GNAX Health and Acuo Technologies, Client Outlook aims to enhance the accessibility and quality of diagnostic imaging services. Operating as a subsidiary of Mach7 Technologies Limited since July 2020, Client Outlook is dedicated to delivering practical, secure solutions that support frontline healthcare workers and ultimately benefit patient care.

GreenMantra Technologies

Pre Seed Round in 2010
GreenMantra Technologies Ltd. is a Canadian company based in Brantford that specializes in the manufacture and marketing of synthetic waxes, polymer additives, and specialty chemicals derived from recycled plastics. Established in 2010, the company employs a proprietary thermo-catalytic process to efficiently convert waste plastics, including challenging materials like grocery bags and film, into valuable products. Its offerings include polyethylene and polypropylene waxes, which are utilized in various industries such as asphalt roofing, paving, polymer processing, adhesives, and plastic composites. By focusing on the upcycling of hard-to-recycle plastics, GreenMantra contributes to sustainable practices while providing high-quality materials that cater to diverse manufacturing needs.

DossierView

Venture Round in 2009
DossierView Inc. is a software technology company based in Waterloo, Ontario, Canada, specializing in pattern analysis and machine intelligence solutions. Founded in 2007, the company develops intelligent search technology that enhances information access for both corporate users and consumers. Utilizing innovations from the PAMI Lab at the University of Waterloo, DossierView's software aims to provide faster and more relevant search results by integrating desktop management capabilities with intelligent searching across the Internet and intranets. Its flagship product, Wetrieve, focuses on delivering business intelligence through real-time collaboration tools, enabling users to share information and collaborate effectively for optimal decision-making.

Dejero

Seed Round in 2009
Dejero is a company that focuses on providing reliable video and networking solutions to ensure uninterrupted internet connectivity for critical communications. Founded in 2008 and headquartered in Waterloo, Ontario, Dejero utilizes intelligent network aggregation technology to combine various telecommunication networks, including 4G/5G cellular, satellite, and fixed broadband. This approach results in a software-defined "network of networks" that enhances reliability, expands coverage, and increases bandwidth for its global clientele. Dejero specializes in routers and network blending software, enabling the transport of live and recorded video from cameras over multiple connections. This capability allows clients to broadcast live events and share feeds from remote locations, facilitating effective online collaboration and secure data exchange.

MedCurrent

Seed Round in 2009
MedCurrent Corporation is a Toronto-based company that specializes in medical appropriateness decision support solutions for radiologists and imaging facilities. Founded in 2003, MedCurrent offers OrderRight, a radiology decision support system that assists physicians in selecting appropriate radiology procedures for patients, facilitates the delivery of essential clinical information to imaging facilities, and aids payers in managing pre-authorization processes and ensuring compliance with established guidelines. The platform is designed to enhance clinical decision-making by integrating real-time, evidence-based guidance within existing clinical workflows at the point of care. MedCurrent's technology emphasizes deep integration with electronic medical records, ensuring ease of use and configurability, which positions the company as a leader in the clinical decision support sector. Its products are marketed directly to payers, healthcare providers, and partners, including vendors of electronic medical record systems.

Aeryon Labs

Seed Round in 2009
Aeryon Labs Inc. is a manufacturer of small unmanned aerial systems (sUAS) based in Waterloo, Canada, founded in 2007 and now a subsidiary of FLIR Systems, Inc. The company specializes in developing autonomous aerial systems designed for military, public safety, and commercial applications. Its flagship products include the Aeryon SkyRanger UAS, which serves both land and maritime operations, and various imaging payloads such as the Aeryon HDZoom30 and Aeryon SR-EO/IR. Aeryon Labs also provides solutions for survey-grade accuracy in applications like mapping and GIS integration through its Aeryon Map Edition. The systems are designed for use in challenging environments, enabling operators, including soldiers and police, to gather high-resolution aerial intelligence easily. The company’s offerings cater to a range of sectors, including energy, emergency response, and tactical operations, and are distributed globally through resellers.

Energate

Seed Round in 2009
Energate Inc. develops home energy management controls and systems. Its products include thermostats, energy displays, load switches, and peripherals. The company serves AMI, utility, service, home automation, and HVAC companies. Energate Inc. was founded in 2004 and is headquartered in Ottawa, Canada with sales offices in Texas and California.

Pond Technologies

Venture Round in 2009
Pond Technologies Holdings Inc. is a Canadian technology company that specializes in producing microalgal biomass by utilizing carbon dioxide emissions from industrial sources. The company's innovative algae-growing platform effectively captures CO2 and converts it into high-quality algal biomass, which can be processed into various products, including nutraceuticals, superfoods, animal feeds, biofuels, and bioplastics. This technology not only contributes to sustainability by reducing carbon emissions but also addresses market demands in sectors such as aquaculture and agriculture. Pond operates through three segments: Nutraceutical Products, which focuses on production and sales; Technology Services, offering consulting and facility construction; and royalties from its proprietary technology. The company’s modular and scalable growth system is designed to minimize land use and water consumption, making it a viable solution for existing industrial sites.

Vennsa Technologies

Seed Round in 2009
Vennsa Technologies Inc. is a developer and supplier of automated debugging and error localization software, based in Toronto, Canada. Founded in 2006, the company specializes in tools that identify the source of functional errors without requiring user guidance, streamlining the debugging process. Its flagship product, OnPoint, is designed to quickly localize errors and provide fixes, facilitating a more efficient software development workflow. With over 15 years of research and patented technology, Vennsa has established itself as a leader in the industry, validated by a range of customers and partners. The company is supported by various private and federal funding sources and is managed by a team of experienced professionals from the electronic design automation sector.

Bee Networx (Astilbe)

Venture Round in 2009
Bee Networx, we’re transforming mobile data communication with new technology for the management and transmission of data to and from mobile devices. Powered by the leading minds in “tetherless computing,” our proprietary technology is based on a game changing new protocol developed at the prestigious University of Waterloo, Canada. The result? Seamless, cost-effective connectivity, unprecedented session persistence, and improved performance.

Nulogy

Seed Round in 2009
Nulogy Corporation provides cloud-based contract packaging software solutions to enhance supply chain operations. Its flagship product, PackManager, streamlines contract packaging workflows by managing various processes, including quoting, planning, warehouse management, production, quality control, invoicing, and reporting. Additionally, the company offers QCloud, which focuses on improving quality control through efficient data collection and analysis. Nulogy also provides professional, integration, and consulting services, serving diverse market segments such as food, beverage, consumer goods, pharmaceuticals, high-tech, and hard goods both in Canada and internationally. Founded in 2002 and based in Toronto, Nulogy enables collaboration among customers and their supplier communities, helping them adapt to the complexities of the consumer market while reducing costs and enhancing compliance and traceability.

Sysomos

Seed Round in 2008
Sysomos Inc. is a Toronto-based company that specializes in Software as a Service (SaaS) social media analytics and intelligence management solutions. Established in 2007, Sysomos provides a comprehensive social intelligence platform designed to assist businesses, brands, advertisers, and agencies in navigating the social media landscape. The platform enables users to listen, measure, understand, and engage with social conversations, offering tools such as Heartbeat for real-time social media management, Sysomos MAP as a search engine, and Sysomos Expion for content planning and analytics. Additionally, Sysomos Gaze monitors images for campaign management, while Sysomos Influence identifies key influencers driving brand engagement. The company’s solutions leverage contextual text analytics and data mining technologies to collect vast amounts of social media conversations from various sources, empowering users to make informed business decisions. Sysomos operates as a subsidiary of Meltwater News US Inc. as of April 2018.

Kneebone

Seed Round in 2008
Kneebone Inc. is a Canadian company that specializes in marketing performance management software solutions. Founded in 2004 and based in Toronto, it offers a comprehensive SaaS platform known as Kneebone 3.0, which integrates various marketing activities—such as advertising, social media, and corporate communications—with performance metrics like customer transactions. The platform includes several modules, such as the Cross Marketing Data Model, which consolidates internal and external data, and the Patented Performance Algorithm, which automates data mapping to facilitate historical analysis and future planning. Kneebone also provides tools for real-time reporting and dashboard visualization through applications like Kneebone Fisical and Kneebone Fisical PRO, as well as planning capabilities with Kneebone Reflex. The company serves diverse sectors, including B2B, financial services, consumer packaged goods, retail, ICT, and utilities, while also offering educational and support services to enhance client marketing effectiveness.

Encycle

Seed Round in 2008
Encycle Corporation specializes in wireless electrical demand management and automated demand response solutions for commercial and industrial facilities. The company offers advanced demand management controllers that optimize the peak electrical demand of various building equipment, including electric vehicle chargers. Its products are applicable in a wide range of settings such as retail stores, offices, theaters, schools, and food processing plants. Encycle’s technology utilizes swarm-logic controllers that communicate with electrical loads to reduce demand effectively, enhancing energy efficiency. The company markets its solutions directly and through distributors in California and New York. Founded in 2005 and headquartered in Toronto, Canada, Encycle also has offices in San Marcos, California, and Taunton, United Kingdom. The company has established a strategic partnership with Ayla Networks to further enhance its offerings. Encycle was previously known as REGEN Energy Inc. before rebranding in November 2015.

C2C Link

Venture Round in 2008
C2C Link Corporation is a Canadian company based in Hamilton that specializes in designing and manufacturing nonlinear optical chips for wavelength conversion. The company's products, primarily based on periodically poled lithium niobate (PPLN), facilitate the generation of green and blue light. These optical chips find applications in diverse fields, including laser displays, biomedical instrumentation, sensing, and telecommunications, as well as high pump power applications. C2C Link serves a variety of clients, particularly manufacturers of diode-pumped solid-state lasers and telecom equipment, by providing innovative solutions that enhance their electronic products.
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