L-SPARK

L-SPARK Corporation is an accelerator and incubator based in Ontario, Canada, focused on investing in B2B startups, particularly in the cloud computing software and SaaS sectors. Established in 2014, L-SPARK selects up to eight startups every six months for its incubator program, providing funding, mentoring, and various support services valued at approximately $40,000 at no cost. Startups can receive initial investments and additional funding upon graduation, with a focus on helping them secure further investments. The firm also operates an accelerator program for post-incubator companies, where selected startups receive equity funding and further financial support based on performance. L-SPARK aims to foster significant revenue growth and facilitate access to venture capital and investment opportunities. Additionally, it collaborates with corporate partners to drive innovation in areas such as autonomous vehicles and secure IoT solutions. With a successful track record, over 50% of the companies accelerated by L-SPARK have raised follow-on funding, totaling more than $45 million.

Past deals in Ottawa

Martello Technologies Group

Non Equity Assistance in 2018
Martello Technologies Group is a Canadian company headquartered in Ottawa that develops and sells software solutions designed to optimize the performance of real‑time applications across cloud and enterprise networks. Its product portfolio includes Mitel Performance Analytics, which monitors the status and performance of Mitel and third‑party systems; Martello Gizmo, which measures, alerts, and reports on Microsoft 365 user experience; Martello iQ, a service‑monitoring and analytics platform; Live Maps, a Windows authentication troubleshooting tool; and Vantage DX, a SaaS‑based digital experience management solution for collaboration services such as Microsoft 365, Teams, and Zoom. The company also offers unified communications testing, SD‑WAN, and technical support and training services. Martello serves a range of sectors—including education, government, healthcare, professional services, remote work, and service providers—both in Canada and internationally. Founded in 1981, the firm focuses on delivering proactive network performance management that detects and resolves issues before they impact service quality.

Member365

Seed Round in 2017
Member365 Inc. is an Ottawa-based company that specializes in providing an online membership management software platform tailored for member-based organizations. Established in 2016, it offers a comprehensive suite of features, including committee management, contact records, continuing education, email marketing, event management, financial management, and fundraising. The platform is designed to automate everyday data-driven tasks, thereby enhancing member engagement and facilitating membership growth. As a subsidiary of Pixelera Inc., Member365 leverages the technological expertise of its parent company, which is recognized for its work in eLearning, database development, interactive media, and web design.

Member365

Non Equity Assistance in 2016
Member365 Inc. is an Ottawa-based company that specializes in providing an online membership management software platform tailored for member-based organizations. Established in 2016, it offers a comprehensive suite of features, including committee management, contact records, continuing education, email marketing, event management, financial management, and fundraising. The platform is designed to automate everyday data-driven tasks, thereby enhancing member engagement and facilitating membership growth. As a subsidiary of Pixelera Inc., Member365 leverages the technological expertise of its parent company, which is recognized for its work in eLearning, database development, interactive media, and web design.

InvataCloud

Pre Seed Round in 2015
InvataCloud, based in Ottawa, Canada, specializes in managed hosting for Adobe Connect, a platform used for virtual classrooms, webinars, and meetings. The company supports learning management systems and offers solutions tailored to higher education, government, and commercial clients. For educational institutions, InvataCloud provides tools to manage live registration, curriculum setup, online classes, and course materials. Government clients benefit from collaboration, hosting, and presentation capabilities directly from various devices, including mobile. Commercial clients also utilize their services. The company is an official Adobe Solutions Provider and partners with Microsoft, Desire2Learn, and Blackboard. InvataCloud's team manages hosted environments around the clock and offers personalized assistance for infrastructure setup.

Punchtime

Pre Seed Round in 2015
Punchtime develops a mobile-based time-tracking solution for employees and contractors to capture work time, location, tasks and projects. Based in Ottawa, Canada. The product uses location awareness to monitor where work is performed, enabling accurate time records and payroll, and can help protect remote workers while improving productivity and reducing costs. The company focuses on simplifying time-tracking to improve workforce management and worksite operations, aiming for smart, scalable solutions for enterprises in Canada and global markets.

Bluink

Pre Seed Round in 2011
Founded in 2010, Bluink Ltd. specializes in identity and access management solutions. It offers consumer and enterprise products like bluink key (password manager & FIDO U2F device) and bluink enterprise (secure IAM solution). Products are sold online.
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