BDC Capital Inc. is the private equity and venture capital arm of the Business Development Bank of Canada, established in 1975 and headquartered in Montreal. The firm specializes in direct investments and fund of funds, focusing on a broad spectrum of financing options including venture capital, growth equity, and mezzanine investments. It primarily targets small and medium-sized enterprises across various sectors, including healthcare, information technology, and clean technology. BDC Capital is particularly interested in early-stage and development technology companies, as well as women-led firms. The firm typically invests between CAD 0.1 million and CAD 35 million, often taking minority stakes and seeking board representation in its investee companies. BDC Capital emphasizes a strong presence across Canada, with particular attention to regions such as Quebec, Ontario, and British Columbia, and it employs various exit strategies, including initial public offerings and strategic sales. With a history of investing in over 400 companies, BDC Capital aims to foster the growth of innovative businesses and contribute to the economic development of the Canadian landscape.
5, Place Ville Marie, Suite 100 Montreal, Quebec H3B 5E7
Dinar Ahmed
Principal
Phil Anzarut
Partner, Co-Investment Fund
Daniel Armali
Analyst, Healthcare Venture Fund
Réjean Asselin
Assistant Vice President, Portfolio Management - Growth and Transition Capital
Dominique Bélanger
Managing Partner, Co-Investments
Amine Benmoussa
Principal
Disha Bhargav
Associate Director, Fund Investment
Jeremy Billan
Partner, Growth Equity Partners
Tony Bommel
Senior Managing Partner
Ela Borenstein
Vice President, Venture Capital Incentivized Programs
Cheri Corbett
Director
Kristina D'Amico
Director, Fund Investments
Kyle Feucht
Managing Director, Growth and Transition Capital
Ajay Gopal
Associate Director
Saif Hashmi
Principal, Seed Fund and IT Venture Fund
Vivian Kan
Partner
Karim Kennedy
Director - Cleantech Practice
Leonard Kofman
Partner, Intellectual Property-Backed Financing
Siddartha Krishnan
Principal
Lily Lam
Director, Fund Investments
Larry Lam
Partner, ICE Technology Venture Fund
Charles Lespérance
Partner
Sandy Li
Associate
Mark Lunick
Senior Director, Growth and Transition Capital
Dion Madsen
Senior Managing Partner
Benoît Mignacco
Vice President, Portfolio Management Growth and Transition Capital
Simon Mills
Director, Growth and Transition Capital
Claude Miron
Managing Partner - Growth Equity Partners
Anamika Mukherjee
Partner of Industrial, Clean and Energy Technology Venture Fund
Alison Nankivell
Vice President, Fund Investments and Global Scaling
Jérôme Nycz
EVP, BDC Capital
Thomas Park
BDC Capital’s Deep Tech Venture Fund Partner
Jean-Philippe Poissant
Managing Director, Growth and Transition Capital
Matt Price
Managing Director, Growth and Transition Capital
Salman Qadir
Senior Associate
Loren Rafeson
Partner
Karl Reckziegel
Senior Vice President
Joseph Regan
Managing Partner, Industrial Innovation Fund
Lally Rementilla
Managing Partner
Susan Rohac
Managing Partner, Climate Tech Fund
Paul Ryan
Senior Director
Victor Scutaru
Managing Director, Private Equity Funds Portfolio
Robert Simon
Senior Managing Partner
Matt Stanley
Director, Cleantech Practice
Stephanie Tadros
Associate Director, Fund Investments
Zoltan Tompa
Director, Cleantech Practice
Ron Warburton
Managing Partner
Ronald Warburton
Managing Partner, BDC IT Venture Fund and Seed Fund
Brian Whiteway
Senior Director, Growth and Transition Capital
Angelo Zeni
Managing Director, Growth and Transition Capital
Bharat Srinivasa
Analyst, Healthcare Venture Fund
Michelle Scarborough
Managing Director
Past deals in British Columbia
MineSense
Series E in 2022
MineSense Technologies Ltd. is a mining technology company based in Vancouver, Canada, that specializes in sensor-based mineral processing solutions for ore pre-concentration. The company utilizes high-frequency electromagnetic sensor (HFEMS) technology, which integrates with material handling equipment to assess and report ore grade in real time. MineSense offers a range of products including BeltSense, ShovelSense, and SortOre, which facilitate the monitoring and sorting of ores based on their mineral content. Additionally, it provides evaluation tools such as ConductOre and PreCalculatOre to help mines analyze economic benefits and optimize ore processing. Beyond product offerings, MineSense also delivers laboratory and professional services focused on mineral evaluation and economic case studies. Founded in 2007, the company has expanded its operations to include offices in South America, Australia, and Africa, aiming to enhance productivity and recovery in the mining industry.
Novarc Technologies
Debt Financing in 2021
Novarc Technologies Inc. is a Vancouver-based company specializing in the design and manufacture of innovative robotic solutions for industrial applications, particularly in pipe welding. Established in 2013, Novarc has made significant advancements in collaborative robotics, offering products such as the Spool Welding Robot, which is recognized as the first of its kind for pipe welding. The company also provides custom robotic solutions for various applications, including arc welding, food and beverage handling, and palletizing. With a dedicated team of engineers and scientists, Novarc Technologies aims to address complex industrial automation challenges through the development of collaborative robots and artificial intelligence systems.
Aquatic Informatics
Venture Round in 2021
Aquatic Informatics™ provides software solutions that address critical water data management and analysis challenges for the rapidly growing environmental monitoring industry. Aquatic Informatics is the trusted provider of hydrologic management solutions to hundreds of federal, state/provincial and local government departments, hydropower operators, mining companies, academic groups, and consulting organizations around the world, who collect, manage, and process large volumes of water quality or quantity data. Aquatic Informatics has earned a global reputation for innovation in environmental data management. At home, Aquatic Informatics has forged strong relationships with a diverse range of organizations including Environment Canada – Water Survey Canada, Manitoba Water Stewardship, Saskatchewan Watershed Authority, B.C. Environment, the University of British Columbia, and the Canadian National Research Council. In the United States, we have provided water data management solutions to organizations that include the US Geological Survey, the US Army Corps of Engineers, and the US National Parks Service as well as over a dozen large state agencies and many regional and local organizations. Overseas, we have worked with Southern Water of Australia, Tasmania Department of Primary Industries, Parks, Water and Environment, Alcoa of Australia, the Principality of Monaco, the National Water Authority of Romania, the National Research Institute of Norway and many others.
Klue
Series A in 2020
Klue is a B2B SaaS company that specializes in market and competitive intelligence, founded in 2015 by Jason Smith and Sarathy Naicker, and is based in Vancouver, Canada. The company offers a competitive enablement platform that assists sales and revenue teams in utilizing competitive intelligence to enhance their business outcomes. Klue's platform aggregates and organizes intelligence from various internal and external sources, providing actionable insights that help organizations navigate competitive environments effectively. By leveraging this curated intelligence, businesses can make informed decisions and improve their competitive positioning in the market.
ZenHub
Seed Round in 2020
ZenHub is a project management software company founded in 2014 in Vancouver, British Columbia, by Matthew Butler. The software is designed to enhance the software development lifecycle for developers by enabling project planning directly within GitHub. It automates workflows to eliminate redundancies, extra steps, and hand-off delays, while utilizing live data to identify risks and bottlenecks. By creating real-time project roadmaps, ZenHub allows clients to focus more on coding and less on project management, ultimately streamlining the development process.
VodaSafe
Seed Round in 2020
VodaSafe Inc. is a Canadian company based in Kelowna that specializes in developing innovative water search and rescue technologies. Its primary product, AquaEye, is a handheld waterproof device designed for rescuers, utilizing sonar and artificial intelligence to detect submerged individuals in bodies of water. AquaEye not only locates people but also records essential rescue data and connects via Bluetooth to various devices. VodaSafe aims to enhance lifeguard, emergency responder, and recreational user capabilities in lifesaving and victim recovery efforts through advanced ultrasonic scanning methodologies.
CubicFarm Systems
Post in 2020
CubicFarm Systems Corp. is an ag-tech company based in Langley, British Columbia, that specializes in the development and manufacturing of automated cubic farming systems for global agricultural markets. Founded in 2015, the company offers innovative solutions such as the CubicFarm System and HydroGreen System, which facilitate the hydroponic growth of fresh produce, including lettuce, basil, and microgreens, as well as nutritious animal feed. By utilizing automated controlled-environment technology, CubicFarm Systems enables farmers to cultivate safe and sustainable ingredients that maintain consistency in color, size, taste, and nutrition, ultimately extending shelf life. The company's patented auto harvesting and processing methods enhance the efficiency of growing leafy greens, making it possible to produce food locally and reliably in various environments.
MineSense
Venture Round in 2020
MineSense Technologies Ltd. is a mining technology company based in Vancouver, Canada, that specializes in sensor-based mineral processing solutions for ore pre-concentration. The company utilizes high-frequency electromagnetic sensor (HFEMS) technology, which integrates with material handling equipment to assess and report ore grade in real time. MineSense offers a range of products including BeltSense, ShovelSense, and SortOre, which facilitate the monitoring and sorting of ores based on their mineral content. Additionally, it provides evaluation tools such as ConductOre and PreCalculatOre to help mines analyze economic benefits and optimize ore processing. Beyond product offerings, MineSense also delivers laboratory and professional services focused on mineral evaluation and economic case studies. Founded in 2007, the company has expanded its operations to include offices in South America, Australia, and Africa, aiming to enhance productivity and recovery in the mining industry.
Terramera
Venture Round in 2019
Terramera, Inc. is a Vancouver-based company that develops and manufactures plant-based pesticides and fertilizers. Founded in 2009, it focuses on providing alternatives to conventional chemical products in agriculture. The company's offerings include Proof, a solution for bed bugs and dust mites; Actigate, an organic pesticide; and Rango, a pest control and crop protection product. Terramera integrates artificial intelligence with scientific principles and nature to create innovative agriculture technology platforms. Its mission is to transform food production while ensuring a healthy, safe environment free from toxic chemicals, ultimately supporting sustainable and organic farming practices that enhance yields and profitability for farmers and growers.
Mojio
Series B in 2019
Mojio, Inc. is a technology company based in Vancouver, Canada, that specializes in cloud-connected devices and software solutions designed to enhance car ownership experiences. Founded in 2012, Mojio's flagship product is a cellular and GPS device that connects to various vehicles, offering insights into their performance and safety. The device provides features such as geo-location, personalized messaging, and a virtual driving assistant that analyzes vehicle data. Additionally, Mojio offers a smartphone app and a SaaS platform that enables users to build and scale connected mobility services. The company serves a diverse clientele, including prominent brands like Amazon and Microsoft, and has gathered extensive driving data from over a million vehicles. This data is leveraged through machine learning to deliver actionable insights, ultimately creating new revenue opportunities across the automotive industry. Mojio also provides GPS fleet tracking solutions tailored for small businesses that depend on vehicle operations.
Finn AI
Series A in 2018
Finn AI specializes in AI-powered conversational banking technology designed for personal banking and finance. The company's platform acts as a virtual personal banker, allowing customers to manage their finances through simple and natural conversations. Finn AI's technology enhances customer engagement and financial literacy while offering a digital-first experience. The platform employs a chatbot that personalizes interactions by utilizing bank and user data, effectively addressing common banking tasks and inquiries. This innovation helps banks and credit unions build trust with their customers, streamline operations, and enhance productivity. Founded in 2014 and based in Vancouver, British Columbia, Finn AI serves a growing global customer base that includes notable financial institutions such as ATB Financial and the Bank of Montreal. The company supports deployments in multiple languages, reflecting its commitment to expanding accessibility and user engagement.
LoginRadius
Series A in 2018
LoginRadius Inc. operates a cloud-based customer identity and access management platform aimed at mid-to-large sized businesses globally. Founded in 2011 and headquartered in Vancouver, Canada, with additional offices in India and the United States, the platform offers a range of services including customer registration, social login, profile management, and user management. Its developer-friendly solution features comprehensive APIs for authentication, identity verification, and multi-factor authentication, as well as customizable login interfaces and integrations with over 150 third-party applications. LoginRadius serves over 3,000 organizations and reaches approximately 1.17 billion consumers monthly. The company has been recognized as a significant player in the Consumer Identity and Access Management sector by industry analysts and maintains a partnership with Microsoft to enhance its offerings.
Elastic Path
Series B in 2018
Elastic Path Software Inc. is a provider of enterprise commerce software and content management platform solutions, aimed at facilitating exceptional shopping experiences for brands and businesses. The company offers a range of ecommerce solutions, including Elastic Path Commerce, which features merchandising, pricing, promotions, and order management capabilities. Additionally, it integrates with prominent platforms like Adobe Marketing Cloud to enhance customer management and engagement. Elastic Path also specializes in professional services, such as ecommerce development, site implementation, and training, ensuring clients receive comprehensive support. With a focus on Composable Commerce, the company enables businesses to implement a multi-vendor approach with reduced costs and risks. Founded in 2000 and headquartered in Vancouver, Canada, Elastic Path serves diverse industries, including telecommunications, media, publishing, software, and consumer services, both in North America and internationally.
STEMCELL Technologies
Venture Round in 2018
STEMCELL Technologies is a biotechnology company that specializes in developing cell culture media, cell isolation systems, and various accessory products for life science research. Founded in 1993 by Allen Eaves, a hematologist and cancer researcher, the company emerged from the need for standardized, high-quality cell culture media specifically for blood-forming stem cells. Initially created to meet the demands of Eaves' research group, the company quickly gained traction among other researchers, leading to the establishment of a dedicated clean room for production. Today, STEMCELL Technologies offers over 2,000 tools for cell biology research, supporting advancements in fields such as stem cell research, immunology, cancer, regenerative medicine, and cellular therapy. With a global workforce of more than 800 employees, many of whom hold advanced degrees, the company continues to invest its profits in innovation and product development to better serve the international research community. Its headquarters are located in Vancouver, Canada, with additional facilities and personnel in 11 other countries.
Mojio
Series B in 2017
Mojio, Inc. is a technology company based in Vancouver, Canada, that specializes in cloud-connected devices and software solutions designed to enhance car ownership experiences. Founded in 2012, Mojio's flagship product is a cellular and GPS device that connects to various vehicles, offering insights into their performance and safety. The device provides features such as geo-location, personalized messaging, and a virtual driving assistant that analyzes vehicle data. Additionally, Mojio offers a smartphone app and a SaaS platform that enables users to build and scale connected mobility services. The company serves a diverse clientele, including prominent brands like Amazon and Microsoft, and has gathered extensive driving data from over a million vehicles. This data is leveraged through machine learning to deliver actionable insights, ultimately creating new revenue opportunities across the automotive industry. Mojio also provides GPS fleet tracking solutions tailored for small businesses that depend on vehicle operations.
Mobify
Series B in 2017
Mobify Research and Development, Inc. is a mobile customer engagement platform based in Vancouver, Canada, with additional offices in Chicago and Reading. Founded in 2007, Mobify specializes in providing solutions that enhance and manage mobile customer interactions for global retailers and brands. Its offerings include Progressive Mobile technology, which simplifies mobile experiences, and an Engagement Engine that personalizes customer interactions using Big Data. The platform enables businesses to deliver a unified experience across mobile websites and applications, improving conversion rates and fostering customer loyalty. Mobify also provides a Connection Center for targeted marketing and tracking, along with Performance Manager tools that optimize app performance. The company serves a diverse range of clients, including well-known global brands, which rely on Mobify to enhance customer lifetime value and drive revenue growth. As of October 2020, Mobify operates as a subsidiary of Salesforce.
PHEMI
Series B in 2017
The PHEMI Trustworthy Health DataLab is a unique, cloud-based, integrated big data management system that allows healthcare organizations to enhance innovation and generate value from healthcare data by simplifying the ingestion and de-identification of data with NSA/military-grade governance, privacy, and security built-in.
Novarc Technologies
Seed Round in 2017
Novarc Technologies Inc. is a Vancouver-based company specializing in the design and manufacture of innovative robotic solutions for industrial applications, particularly in pipe welding. Established in 2013, Novarc has made significant advancements in collaborative robotics, offering products such as the Spool Welding Robot, which is recognized as the first of its kind for pipe welding. The company also provides custom robotic solutions for various applications, including arc welding, food and beverage handling, and palletizing. With a dedicated team of engineers and scientists, Novarc Technologies aims to address complex industrial automation challenges through the development of collaborative robots and artificial intelligence systems.
Axine Water Technologies
Series B in 2016
Axine Water Technologies Inc. is a Vancouver-based company specializing in innovative wastewater treatment solutions. Established in 2010, it focuses on developing chemical-free systems that effectively treat high concentrations of complex, toxic organics and ammonia found in industrial wastewater. Utilizing a proprietary electrolytic oxidation technology, Axine's systems can address a broad range of pollutants, including phenols, pharmaceuticals, dioxins, and various organic compounds, without generating sludge or requiring chemical additives. The company aims to provide cost-effective and energy-efficient alternatives to traditional wastewater treatment methods, catering to industries such as oil and gas, petrochemicals, pharmaceuticals, textiles, and waste management. Its solutions enable both industrial and municipal clients to enhance the performance and reduce the costs of their wastewater treatment processes.
LoginRadius
Seed Round in 2016
LoginRadius Inc. operates a cloud-based customer identity and access management platform aimed at mid-to-large sized businesses globally. Founded in 2011 and headquartered in Vancouver, Canada, with additional offices in India and the United States, the platform offers a range of services including customer registration, social login, profile management, and user management. Its developer-friendly solution features comprehensive APIs for authentication, identity verification, and multi-factor authentication, as well as customizable login interfaces and integrations with over 150 third-party applications. LoginRadius serves over 3,000 organizations and reaches approximately 1.17 billion consumers monthly. The company has been recognized as a significant player in the Consumer Identity and Access Management sector by industry analysts and maintains a partnership with Microsoft to enhance its offerings.
ImStar Therapeutics
Seed Round in 2016
ImStar Therapeutics Inc. is a biotechnology company based in Vancouver, Canada, established in 2012. The company specializes in developing treatments for amyotrophic lateral sclerosis (ALS), with a focus on addressing neurodegeneration. Its product pipeline includes IMS-088, a small-molecule compound targeting the immune system activation pathways involved in neurodegeneration, as well as TDP-43 Associated NF-kB Activation Inhibitors. ImStar Therapeutics aims to provide innovative therapies that can improve outcomes for patients suffering from ALS and potentially other neurodegenerative diseases.
LemonStand
Seed Round in 2016
LemonStand is an eCommerce software provider that specializes in offering customizable solutions to mid-sized merchants. Founded in 2010 and based in Vancouver, British Columbia, the company focuses on helping online retail brands enhance their user experience through a flexible platform. This platform allows web developers to tailor various aspects of the online shopping experience, including the checkout process, using front-end development tools and frameworks. By prioritizing both development enjoyment and operational ease, LemonStand aims to meet the diverse needs of its customers while supporting their growth in the competitive eCommerce landscape.
Mobify
Venture Round in 2016
Mobify Research and Development, Inc. is a mobile customer engagement platform based in Vancouver, Canada, with additional offices in Chicago and Reading. Founded in 2007, Mobify specializes in providing solutions that enhance and manage mobile customer interactions for global retailers and brands. Its offerings include Progressive Mobile technology, which simplifies mobile experiences, and an Engagement Engine that personalizes customer interactions using Big Data. The platform enables businesses to deliver a unified experience across mobile websites and applications, improving conversion rates and fostering customer loyalty. Mobify also provides a Connection Center for targeted marketing and tracking, along with Performance Manager tools that optimize app performance. The company serves a diverse range of clients, including well-known global brands, which rely on Mobify to enhance customer lifetime value and drive revenue growth. As of October 2020, Mobify operates as a subsidiary of Salesforce.
Zymeworks
Series A in 2016
Zymeworks Inc. is a clinical-stage biopharmaceutical company based in Vancouver, Canada, focused on the discovery, development, and commercialization of innovative biotherapeutics primarily for cancer treatment. The company's lead candidates include ZW25, a bispecific antibody undergoing Phase I and II clinical trials for various cancers such as biliary tract and gastroesophageal adenocarcinomas, and ZW49, a bispecific antibody-drug conjugate in Phase I trials targeting advanced or metastatic HER2-expressing cancers. Zymeworks utilizes a combination of proprietary molecular modeling, simulation software, and high-performance computing to optimize therapeutic antibodies and other protein-based treatments. The company has established strategic partnerships with several leading pharmaceutical firms, including Merck, Eli Lilly, and Bristol-Myers Squibb, among others, to enhance its research and development efforts. Additionally, Zymeworks is advancing a preclinical pipeline that includes candidates for oncology and other therapeutic areas, reflecting its commitment to addressing unmet medical needs.
SourceKnowledge
Debt Financing in 2015
SourceKnowledge is a Montreal-based company that operates a programmatic video platform focused on measuring success through post-click behavior. It provides a range of services including Reach, a self-serve video advertising platform; Engage, a performance marketing platform; Cross-Serve, which delivers campaigns across multiple devices; and RunSafe, a brand safety suite. The company aids e-commerce brands in boosting sales by advertising their products on premium digital channels, utilizing proprietary algorithms and machine learning for campaign management. SourceKnowledge emphasizes data transparency, offering clients online analytics and order ID reporting to optimize ad delivery through refined audience segmentation. Founded in 2009, the company has expanded its presence with offices in Toronto, Vancouver, and Los Angeles, serving a diverse clientele globally.
Elastic Path
Venture Round in 2015
Elastic Path Software Inc. is a provider of enterprise commerce software and content management platform solutions, aimed at facilitating exceptional shopping experiences for brands and businesses. The company offers a range of ecommerce solutions, including Elastic Path Commerce, which features merchandising, pricing, promotions, and order management capabilities. Additionally, it integrates with prominent platforms like Adobe Marketing Cloud to enhance customer management and engagement. Elastic Path also specializes in professional services, such as ecommerce development, site implementation, and training, ensuring clients receive comprehensive support. With a focus on Composable Commerce, the company enables businesses to implement a multi-vendor approach with reduced costs and risks. Founded in 2000 and headquartered in Vancouver, Canada, Elastic Path serves diverse industries, including telecommunications, media, publishing, software, and consumer services, both in North America and internationally.
PHEMI
Series A in 2015
The PHEMI Trustworthy Health DataLab is a unique, cloud-based, integrated big data management system that allows healthcare organizations to enhance innovation and generate value from healthcare data by simplifying the ingestion and de-identification of data with NSA/military-grade governance, privacy, and security built-in.
Mojio
Series A in 2015
Mojio, Inc. is a technology company based in Vancouver, Canada, that specializes in cloud-connected devices and software solutions designed to enhance car ownership experiences. Founded in 2012, Mojio's flagship product is a cellular and GPS device that connects to various vehicles, offering insights into their performance and safety. The device provides features such as geo-location, personalized messaging, and a virtual driving assistant that analyzes vehicle data. Additionally, Mojio offers a smartphone app and a SaaS platform that enables users to build and scale connected mobility services. The company serves a diverse clientele, including prominent brands like Amazon and Microsoft, and has gathered extensive driving data from over a million vehicles. This data is leveraged through machine learning to deliver actionable insights, ultimately creating new revenue opportunities across the automotive industry. Mojio also provides GPS fleet tracking solutions tailored for small businesses that depend on vehicle operations.
Klue
Seed Round in 2015
Klue is a B2B SaaS company that specializes in market and competitive intelligence, founded in 2015 by Jason Smith and Sarathy Naicker, and is based in Vancouver, Canada. The company offers a competitive enablement platform that assists sales and revenue teams in utilizing competitive intelligence to enhance their business outcomes. Klue's platform aggregates and organizes intelligence from various internal and external sources, providing actionable insights that help organizations navigate competitive environments effectively. By leveraging this curated intelligence, businesses can make informed decisions and improve their competitive positioning in the market.
BuildDirect
Series C in 2014
BuildDirect Technologies Inc. operates an online marketplace that connects homeowners and home improvement professionals in North America with global suppliers of building materials. Founded in 1999 and based in Vancouver, Canada, the company offers a wide range of products, including flooring, decking, tiles, and other building materials. Its platform facilitates the buying and selling of these materials, enhancing accessibility for consumers and professionals alike. BuildDirect's services also include BuildDirect Gateway, a global supply chain platform that provides third parties with access to advanced warehousing and logistics solutions, streamlining the shipping process from manufacturing to last-mile delivery. The company generates the majority of its revenue from its primary platform in the United States.
Elastic Path
Venture Round in 2014
Elastic Path Software Inc. is a provider of enterprise commerce software and content management platform solutions, aimed at facilitating exceptional shopping experiences for brands and businesses. The company offers a range of ecommerce solutions, including Elastic Path Commerce, which features merchandising, pricing, promotions, and order management capabilities. Additionally, it integrates with prominent platforms like Adobe Marketing Cloud to enhance customer management and engagement. Elastic Path also specializes in professional services, such as ecommerce development, site implementation, and training, ensuring clients receive comprehensive support. With a focus on Composable Commerce, the company enables businesses to implement a multi-vendor approach with reduced costs and risks. Founded in 2000 and headquartered in Vancouver, Canada, Elastic Path serves diverse industries, including telecommunications, media, publishing, software, and consumer services, both in North America and internationally.
PHEMI
Seed Round in 2014
The PHEMI Trustworthy Health DataLab is a unique, cloud-based, integrated big data management system that allows healthcare organizations to enhance innovation and generate value from healthcare data by simplifying the ingestion and de-identification of data with NSA/military-grade governance, privacy, and security built-in.
LoginRadius
Angel Round in 2014
LoginRadius Inc. operates a cloud-based customer identity and access management platform aimed at mid-to-large sized businesses globally. Founded in 2011 and headquartered in Vancouver, Canada, with additional offices in India and the United States, the platform offers a range of services including customer registration, social login, profile management, and user management. Its developer-friendly solution features comprehensive APIs for authentication, identity verification, and multi-factor authentication, as well as customizable login interfaces and integrations with over 150 third-party applications. LoginRadius serves over 3,000 organizations and reaches approximately 1.17 billion consumers monthly. The company has been recognized as a significant player in the Consumer Identity and Access Management sector by industry analysts and maintains a partnership with Microsoft to enhance its offerings.
Axine Water Technologies
Series A in 2014
Axine Water Technologies Inc. is a Vancouver-based company specializing in innovative wastewater treatment solutions. Established in 2010, it focuses on developing chemical-free systems that effectively treat high concentrations of complex, toxic organics and ammonia found in industrial wastewater. Utilizing a proprietary electrolytic oxidation technology, Axine's systems can address a broad range of pollutants, including phenols, pharmaceuticals, dioxins, and various organic compounds, without generating sludge or requiring chemical additives. The company aims to provide cost-effective and energy-efficient alternatives to traditional wastewater treatment methods, catering to industries such as oil and gas, petrochemicals, pharmaceuticals, textiles, and waste management. Its solutions enable both industrial and municipal clients to enhance the performance and reduce the costs of their wastewater treatment processes.
Wantering
Seed Round in 2014
Wantering is an online fashion discovery platform based in Vancouver, Canada, that helps users find and purchase clothing from a curated selection of boutiques, flash sales sites, and major retailers. The platform consolidates fashion blogs and social networks, creating a comprehensive digest of interesting fashion products available online. As of November 2015, Wantering operates as a subsidiary of Clique Media, Inc.
BuildDirect
Series B in 2014
BuildDirect Technologies Inc. operates an online marketplace that connects homeowners and home improvement professionals in North America with global suppliers of building materials. Founded in 1999 and based in Vancouver, Canada, the company offers a wide range of products, including flooring, decking, tiles, and other building materials. Its platform facilitates the buying and selling of these materials, enhancing accessibility for consumers and professionals alike. BuildDirect's services also include BuildDirect Gateway, a global supply chain platform that provides third parties with access to advanced warehousing and logistics solutions, streamlining the shipping process from manufacturing to last-mile delivery. The company generates the majority of its revenue from its primary platform in the United States.
Mojio
Seed Round in 2013
Mojio, Inc. is a technology company based in Vancouver, Canada, that specializes in cloud-connected devices and software solutions designed to enhance car ownership experiences. Founded in 2012, Mojio's flagship product is a cellular and GPS device that connects to various vehicles, offering insights into their performance and safety. The device provides features such as geo-location, personalized messaging, and a virtual driving assistant that analyzes vehicle data. Additionally, Mojio offers a smartphone app and a SaaS platform that enables users to build and scale connected mobility services. The company serves a diverse clientele, including prominent brands like Amazon and Microsoft, and has gathered extensive driving data from over a million vehicles. This data is leveraged through machine learning to deliver actionable insights, ultimately creating new revenue opportunities across the automotive industry. Mojio also provides GPS fleet tracking solutions tailored for small businesses that depend on vehicle operations.
ViewsIQ
Seed Round in 2013
ViewsIQ is a medical imaging company headquartered in Vancouver, BC, Canada, that specializes in digitizing lab samples such as blood, urine, and tissue. Founded in 2010, the company has developed the Panoptiq product platform, which integrates into existing laboratory microscopy workflows. This platform allows clinicians to manage digital image quality effectively, enhancing the delivery of diagnostic information and improving patient outcomes. Panoptiq enables users to live stream, digitally scan, store, and share slides effortlessly while facilitating remote evaluations of intraoperative frozen sections. The software automatically sharpens out-of-focus areas within panoramic images, ensuring high-quality results. By providing real-time digital access to slides, ViewsIQ supports pathologists in maintaining efficient workflows and delivering high-quality care to patients globally.
General Fusion
Series C in 2013
General Fusion Inc. is a Canadian company focused on the development of commercial Magnetized Target Fusion (MTF), a promising hybrid approach that combines elements of magnetic fusion and inertial confinement fusion. Founded in 2002 and based in Burnaby, the company aims to create utility-scale fusion power plants that can provide clean, safe, and abundant energy. General Fusion is pioneering a patent-pending concept that leverages advancements in MTF, which has seen limited exploration since the 1970s. The company is dedicated to demonstrating and commercializing this innovative energy solution by the end of the decade. It is supported by a network of global energy venture capital firms, industry leaders, and technology innovators, all working to reduce technical risks and accelerate the path to viable fusion energy.
QuickMobile
Venture Round in 2013
QuickMobile Inc. specializes in mobile enterprise solutions for meetings and events, providing a range of applications and analytics tools designed to enhance attendee engagement and streamline event management. Its key offerings include the MobileEvent application for organizing events of all sizes, MobilePlanner for efficient event planning and collaboration, and MobileVenue, which delivers essential information like maps and schedules to attendees. Additionally, the company offers Concerto, a platform for social media tracking and sharing. QuickMobile also provides comprehensive support services, including project management, content management, and analytics reporting. Founded in 2006 and based in Vancouver, Canada, QuickMobile operates as a subsidiary of Cvent, Inc. as of May 2018.
viDA Therapeutics
Venture Round in 2013
viDA Therapeutics Inc. is a biopharmaceutical company based in Vancouver, Canada, focused on discovering, developing, and commercializing targeted therapeutics for inflammatory and age-related conditions affecting various systems, including skin, respiratory, musculoskeletal, cardiovascular, and neurological systems. The company specializes in a suite of Granzyme B inhibitors, which are designed to treat a range of skin conditions such as chronic non-healing ulcers, photoaging, and autoimmune diseases, as well as chronic inflammatory diseases like arthritis and cardiovascular issues. Founded in 2008 as a spin-off from research at the University of British Columbia and Providence Health Care Research Institute, viDA Therapeutics aims to improve medical treatments by addressing the underlying mechanisms of inflammation and barrier dysfunction.
BuildDirect
Venture Round in 2012
BuildDirect Technologies Inc. operates an online marketplace that connects homeowners and home improvement professionals in North America with global suppliers of building materials. Founded in 1999 and based in Vancouver, Canada, the company offers a wide range of products, including flooring, decking, tiles, and other building materials. Its platform facilitates the buying and selling of these materials, enhancing accessibility for consumers and professionals alike. BuildDirect's services also include BuildDirect Gateway, a global supply chain platform that provides third parties with access to advanced warehousing and logistics solutions, streamlining the shipping process from manufacturing to last-mile delivery. The company generates the majority of its revenue from its primary platform in the United States.
QuickMobile
Venture Round in 2012
QuickMobile Inc. specializes in mobile enterprise solutions for meetings and events, providing a range of applications and analytics tools designed to enhance attendee engagement and streamline event management. Its key offerings include the MobileEvent application for organizing events of all sizes, MobilePlanner for efficient event planning and collaboration, and MobileVenue, which delivers essential information like maps and schedules to attendees. Additionally, the company offers Concerto, a platform for social media tracking and sharing. QuickMobile also provides comprehensive support services, including project management, content management, and analytics reporting. Founded in 2006 and based in Vancouver, Canada, QuickMobile operates as a subsidiary of Cvent, Inc. as of May 2018.
Axine Water Technologies
Seed Round in 2012
Axine Water Technologies Inc. is a Vancouver-based company specializing in innovative wastewater treatment solutions. Established in 2010, it focuses on developing chemical-free systems that effectively treat high concentrations of complex, toxic organics and ammonia found in industrial wastewater. Utilizing a proprietary electrolytic oxidation technology, Axine's systems can address a broad range of pollutants, including phenols, pharmaceuticals, dioxins, and various organic compounds, without generating sludge or requiring chemical additives. The company aims to provide cost-effective and energy-efficient alternatives to traditional wastewater treatment methods, catering to industries such as oil and gas, petrochemicals, pharmaceuticals, textiles, and waste management. Its solutions enable both industrial and municipal clients to enhance the performance and reduce the costs of their wastewater treatment processes.
Wantering
Seed Round in 2012
Wantering is an online fashion discovery platform based in Vancouver, Canada, that helps users find and purchase clothing from a curated selection of boutiques, flash sales sites, and major retailers. The platform consolidates fashion blogs and social networks, creating a comprehensive digest of interesting fashion products available online. As of November 2015, Wantering operates as a subsidiary of Clique Media, Inc.
Weddingful
Seed Round in 2012
Weddingful, Inc. is an online wedding planning service based in Vancouver, Canada, founded in 2009. The platform connects couples with a wide range of local vendors, including photographers, videographers, florists, caterers, and entertainment providers. By allowing users to personalize their wedding planning journey, Weddingful enables couples to discover vendors in their area, view their portfolios, check availability, and compare prices. The service includes features for secure online bookings and efficient communication between couples and vendors. Through its innovative approach, Weddingful aims to enhance the wedding planning experience by providing a comprehensive and user-friendly online community.
viDA Therapeutics
Venture Round in 2012
viDA Therapeutics Inc. is a biopharmaceutical company based in Vancouver, Canada, focused on discovering, developing, and commercializing targeted therapeutics for inflammatory and age-related conditions affecting various systems, including skin, respiratory, musculoskeletal, cardiovascular, and neurological systems. The company specializes in a suite of Granzyme B inhibitors, which are designed to treat a range of skin conditions such as chronic non-healing ulcers, photoaging, and autoimmune diseases, as well as chronic inflammatory diseases like arthritis and cardiovascular issues. Founded in 2008 as a spin-off from research at the University of British Columbia and Providence Health Care Research Institute, viDA Therapeutics aims to improve medical treatments by addressing the underlying mechanisms of inflammation and barrier dysfunction.
General Fusion
Seed Round in 2008
General Fusion Inc. is a Canadian company focused on the development of commercial Magnetized Target Fusion (MTF), a promising hybrid approach that combines elements of magnetic fusion and inertial confinement fusion. Founded in 2002 and based in Burnaby, the company aims to create utility-scale fusion power plants that can provide clean, safe, and abundant energy. General Fusion is pioneering a patent-pending concept that leverages advancements in MTF, which has seen limited exploration since the 1970s. The company is dedicated to demonstrating and commercializing this innovative energy solution by the end of the decade. It is supported by a network of global energy venture capital firms, industry leaders, and technology innovators, all working to reduce technical risks and accelerate the path to viable fusion energy.
Neuromed Pharmaceuticals
Series E in 2007
Neuromed Pharmaceuticals is focused on the development, production, and marketing of pain therapies in Canada and the United States. Neuromed Pharmaceuticals was acquired by Zalicus in December 2009. Neuromed Pharmaceuticals was founded in 1998 and is based in Vancouver, Canada.
Protiva Biotherapeutics
Venture Round in 2007
Protiva Biotherapeutics, Inc. is a biotechnology company specializing in the development of nucleic acid-based pharmaceutical products aimed at combating a range of human diseases, including cancer, influenza, Ebola, inflammatory conditions, and chronic viral infections. The company’s product portfolio features Pro 1, a tumor cell growth inhibitor, and Pro-101, an siRNA product designed to impede the production of a protein associated with tumor growth. Additionally, Protiva develops Pro-B, which inhibits the expression of apolipoprotein B, as well as Pro-EBOV and Pro-MARV, targeting the replication of the Ebola and Marburg viruses. The company employs Stable Nucleic-Acid Lipid Particle technology for effective delivery of nucleic acid therapies, including short interfering RNA (siRNA). Protiva is also engaged in developing siRNA products for the treatment of hepatitis B and C. Founded in 2000, Protiva Biotherapeutics operates a research and development facility in Vancouver, Canada, and is based in Seattle, Washington. As of 2008, it functions as a subsidiary of Tekmira Pharmaceuticals Corp.
Layer 7 Technologies
Series B in 2006
Layer 7 Technologies provides security and management products for API-driven integrations spanning the extended hybrid enterprise. It offers API management solutions such as API Proxy, a virtual API gateway that gives API publishers a tool for securing, orchestrating, and optimizing APIs as well as enforcing SLAs; XML Firewall that is designed to address access, federation, and message security needs in service oriented architecture (SOA) based integrations; SOA Gateway, an API Gateway that provides data translation, contextual routing, SLA management, caching, protocol switching, and B2B functionality; and Mobile Access Gateway, which simplifies the process of adapting internal data, application, and security infrastructure for mobile use. The company also offers developer management solutions, including API Portal, a platform for developer onboarding, engagement, and management; and operations management solutions such as API Service Manager that simplifies API, service, and gateway management across datacenters and the cloud. In addition, it offers identity management solutions, including OAuth Toolkit which empowers users to control access to their APIs; and Security Token Service for API identity translation and federation. Further, the company offers API academy training in the areas of introduction, API design and architecture, API strategy consulting, and hackathon management; IT services, such as architectural consulting, implementation, and operational health check; and gateway, API portal, and administrator training services. The company was founded in 2003 and is based in Vancouver, Canada. Currently, it operates as a subsidiary of CA Technologies.
Protiva Biotherapeutics
Series C in 2006
Protiva Biotherapeutics, Inc. is a biotechnology company specializing in the development of nucleic acid-based pharmaceutical products aimed at combating a range of human diseases, including cancer, influenza, Ebola, inflammatory conditions, and chronic viral infections. The company’s product portfolio features Pro 1, a tumor cell growth inhibitor, and Pro-101, an siRNA product designed to impede the production of a protein associated with tumor growth. Additionally, Protiva develops Pro-B, which inhibits the expression of apolipoprotein B, as well as Pro-EBOV and Pro-MARV, targeting the replication of the Ebola and Marburg viruses. The company employs Stable Nucleic-Acid Lipid Particle technology for effective delivery of nucleic acid therapies, including short interfering RNA (siRNA). Protiva is also engaged in developing siRNA products for the treatment of hepatitis B and C. Founded in 2000, Protiva Biotherapeutics operates a research and development facility in Vancouver, Canada, and is based in Seattle, Washington. As of 2008, it functions as a subsidiary of Tekmira Pharmaceuticals Corp.
Neuromed Pharmaceuticals
Series D in 2006
Neuromed Pharmaceuticals is focused on the development, production, and marketing of pain therapies in Canada and the United States. Neuromed Pharmaceuticals was acquired by Zalicus in December 2009. Neuromed Pharmaceuticals was founded in 1998 and is based in Vancouver, Canada.
Novadaq Technologies
Venture Round in 2005
Novadaq Technologies Inc. is a medical technology company that specializes in the development and commercialization of fluorescence imaging products and therapeutic devices for surgical applications. The company’s flagship product, the SPY Elite system, allows surgeons to visualize microvascular blood flow and tissue perfusion during complex procedures, including breast reconstruction and cardiothoracic surgery. In addition to SPY Elite, Novadaq offers the PINPOINT endoscopic fluorescence imaging system and the LUNA fluorescence angiography system, which provide real-time insights into tissue health. The company also produces Dermacell, a regenerative human tissue matrix used in various surgical treatments. Headquartered in Mississauga, Canada, Novadaq operates a manufacturing facility in Richmond, British Columbia, and has formed strategic alliances with multiple healthcare organizations to enhance its product offerings. Founded in 2000, Novadaq Technologies has established itself as a leader in surgical imaging technology, aimed at improving patient outcomes and optimizing surgical procedures. As of September 2017, it operates as a subsidiary of Stryker Corporation.
Layer 7 Technologies
Seed Round in 2004
Layer 7 Technologies provides security and management products for API-driven integrations spanning the extended hybrid enterprise. It offers API management solutions such as API Proxy, a virtual API gateway that gives API publishers a tool for securing, orchestrating, and optimizing APIs as well as enforcing SLAs; XML Firewall that is designed to address access, federation, and message security needs in service oriented architecture (SOA) based integrations; SOA Gateway, an API Gateway that provides data translation, contextual routing, SLA management, caching, protocol switching, and B2B functionality; and Mobile Access Gateway, which simplifies the process of adapting internal data, application, and security infrastructure for mobile use. The company also offers developer management solutions, including API Portal, a platform for developer onboarding, engagement, and management; and operations management solutions such as API Service Manager that simplifies API, service, and gateway management across datacenters and the cloud. In addition, it offers identity management solutions, including OAuth Toolkit which empowers users to control access to their APIs; and Security Token Service for API identity translation and federation. Further, the company offers API academy training in the areas of introduction, API design and architecture, API strategy consulting, and hackathon management; IT services, such as architectural consulting, implementation, and operational health check; and gateway, API portal, and administrator training services. The company was founded in 2003 and is based in Vancouver, Canada. Currently, it operates as a subsidiary of CA Technologies.
Neuromed Pharmaceuticals
Series C in 2003
Neuromed Pharmaceuticals is focused on the development, production, and marketing of pain therapies in Canada and the United States. Neuromed Pharmaceuticals was acquired by Zalicus in December 2009. Neuromed Pharmaceuticals was founded in 1998 and is based in Vancouver, Canada.
ResponseTek
Seed Round in 2003
ResponseTek Networks Corp. is a leading provider of Customer Experience Management (CEM) software, focused on enhancing customer satisfaction by transforming customer feedback into actionable insights. The ResponseTek Listening Platform connects major corporations, including HSBC and Vodafone, with their customers across various touchpoints such as retail, call centers, and online services. By employing diverse methods, including SMS surveys and social media monitoring, ResponseTek enables organizations to obtain a comprehensive view of the customer experience, supported by both quantitative data and qualitative feedback. Headquartered in Vancouver, the company also has offices in Toronto and London, UK, and aims to integrate customer experience data across organizations to eliminate information silos and foster improvements in customer satisfaction.
Bycast
Seed Round in 2002
Bycast is the leading provider of advanced storage virtualization software for large-scale digital archives and storage clouds. For organizations whose business depends on access to vital data, Bycast protects and preserves digital assets over their lifetime. Bycast StorageGRID:registered: software enables organizations to optimize their storage infrastructure and ensure the integrity and availability of their valuable data assets. StorageGRID also enables the formation of archives that can scale to petabytes of data across hundreds of sites. StorageGRID is sold in over 20 countries through OEM relationships with two of the world’s major storage vendors. Bycast Inc. is a privately held company headquartered in Vancouver, BC.
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