BDC Capital

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.

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 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.

Félix & Paul Studios

Venture Round in 2024
Félix & Paul studios is focused on the creation of cinematic virtual reality experiences. Led by directors and visual artists Félix Lajeunesse and Paul Raphaël, the Montreal-based studio has developed an industry-leading technology platform for virtual reality filming and a unique, pioneering and in-depth approach to the new art of virtual reality storytelling. The studio’s creations set the highest quality standards in the field and offer viewers a fully immersive sense of presence, time and space yet to be achieved on any other media platform. In 2006, the two directors first joined creative forces to produce award-winning stereoscopic 3D films, multimedia installations and commercials across the globe. Today, Félix and Paul, alongside a fully-operating team of artists, software developers and engineers, have developed a proprietary 3D 360º camera with accompanying software, which set the industry standard for the highest-quality VR filmmaking. As producers of both original content or in collaboration with existing intellectual properties—audiences are invited into intimate, visceral and emotive cinematic experiences. This new kind of storytelling offers viewers a fully immersive sense of presence, time and space yet to be achieved on any other media platform. Recently, the studio announced a content creation partnership with Oculus, and directed and co-produced Jurassic World: Apatosaurus with Universal Studios and Inside the Box of Kurios alongside Cirque du Soleil Media. Félix & Paul Studios launched in 2013as a two-person venture and has since grown into a fully-operating team of twenty artisans.

Thentia Cloud

Series B in 2024
Thentia Corporation specializes in providing innovative technology solutions to assist regulatory bodies in efficiently meeting their obligations. The company offers a comprehensive platform that serves as a secure and user-friendly tool for regulators, along with a cost-effective cloud-based product designed for private businesses. This dual approach enables both regulatory agencies and companies to enhance their compliance and governance practices. By leveraging industry expertise and advanced software, Thentia aims to promote regulatory excellence and streamline processes for clients across Canada and the United States.

LeddarTech

Post in 2023
LeddarTech Inc. specializes in advanced detection and ranging systems using time-of-flight measurement technology with infrared LEDs. The company offers a range of smart sensor modules, including single-element and multi-element systems tailored for various applications, such as industrial, traffic management, and smart home solutions. LeddarTech's technology is particularly focused on enhancing advanced driver assistance systems (ADAS) and autonomous driving by providing perception solutions that integrate data from various sensor types, including cameras and radar. Their flagship platform, LeddarVision™, facilitates the creation of comprehensive 3D environmental models, addressing critical challenges in environmental sensing and perception. With over 140 patents granted or pending, LeddarTech is committed to innovation in the automotive sector, serving original equipment manufacturers (OEMs) and automotive suppliers to accelerate development cycles and improve time-to-market. Founded in 2007 and based in Quebec City, Canada, the company also maintains a research and development office in Toronto.

Carbon Upcycling

Series A in 2023
Carbon Upcycling is a carbon technology company focused on decarbonizing hard-to-abate industries. It utilizes patented technology to permanently store carbon dioxide in industrial byproducts and minerals, converting them into high-performance alternative materials for cement and concrete. This process not only reduces the carbon impact of industrial operations but also diverts materials from landfills, supporting the principles of a circular economy. Carbon Upcycling has garnered global recognition for its innovative approach, earning accolades such as the Carbon XPrize’s X-Factor award and being named one of the most investable cleantech ventures in Canada.

VEERUM

Series B in 2023
VEERUM is a SaaS provider that applies digital technology to asset ownership, helping our clients build and maintain a better world. VEERUM's Asset Visualization Platform provides stakeholders with the latest tools and information to optimize asset outcomes. VEERUM provides a secure cloud-based web solution enabling data transparency across the entire asset lifecycle. It allows asset stakeholders to view aggregated asset data in the context of a 3D model. All information is available for a total audit history of the asset. We are the simplest and easiest to use solution on the market so you can stay ahead of the competition on your journey to digital adoption. Our clients are accelerating the transition to digital asset ownership, effectively building and maintaining the world’s critical infrastructure. Founded in 2014, VEERUM is a global software provider headquartered in Calgary, Alberta.

Kepler

Series C in 2023
Kepler Communications Inc. specializes in satellite communications by designing, developing, and operating satellite infrastructure for space-based connectivity. The company focuses on creating a network of Low-Earth Orbit satellites that facilitate communication for various applications, including connecting space stations and devices. Its offerings include PolarConnect, which allows organizations in extreme environments to maintain global connectivity, and the Global Data Service, a high-bandwidth solution for transferring large data files from remote locations to the internet. Kepler is also developing everywhereIOT, a solution aimed at providing reliable, low-power connectivity for Internet of Things devices worldwide. Established in 2015 and headquartered in Toronto, Canada, Kepler serves diverse industries such as maritime, natural resources, research, defense, and logistics, positioning itself as a leader in addressing connectivity challenges in both terrestrial and space environments.

Puzzle Medical Devices

Series A in 2023
Puzzle Medical Devices Inc., founded in 2018 and based in Montreal, Canada, focuses on developing innovative heart pump technologies for treating advanced heart failure. The company's flagship product, the ModulHeart, is a modular percutaneous heart pump designed to reduce cardiac afterload and enhance renal perfusion in patients who are not candidates for heart transplant or surgical mechanical circulatory support. Its unique design allows for multiple pumps to be anchored in parallel within the descending aorta, facilitating hemodynamic support while minimizing risks associated with traditional procedures, such as bleeding and stroke. The ModulHeart aims to improve patient outcomes by providing sustained symptom relief, reducing hospital readmissions, and enhancing overall quality of life. Puzzle Medical has made significant progress, including completing its first-in-human study with positive results in cardiac and kidney function, receiving FDA Breakthrough Device Designation, and establishing a strong network of Key Opinion Leaders in the field.

Shoelace

Seed Round in 2023
Shoelace offers a software solution that enables online merchants to easily conduct retargeting campaigns. The company helps fast growing Shopify brands boost sales by showing the right customers, the right ads at the right time with customer journey retargeting. Shoelace was founded on 2015 and is headquartered in Toronto, Ontario.

DarwinAI

Series A in 2022
DarwinAI Corp. is a company that designs and develops a platform for creating deep neural networks aimed at enterprise artificial intelligence. Based in Waterloo, Canada, the company offers GenSynth, a software platform that accelerates the deep learning development cycle for developers and data scientists. GenSynth automatically generates models that meet specific performance targets while ensuring transparency and providing insights into the factors influencing decision-making. DarwinAI's technology, referred to as Generative Synthesis, optimizes and explains deep learning processes, thereby eliminating uncertainties in AI development. Additionally, the company has developed an AI-powered visual quality inspection system for the PCBA manufacturing lifecycle, which utilizes specialized optics and artificial intelligence to detect product defects. This system enhances product quality and consistency, ultimately reducing costs and improving customer satisfaction in manufacturing.

Acerta Analytics

Series B in 2022
Acerta’s machine learning and artificial intelligence-powered solutions are transforming quality control for precision manufacturers of parts built for automotive and off-highway vehicles. Acerta translates complex product data into actionable insights for manufacturers, helping them get products to market faster with fewer defects. Through this “Actionable AI,” Acerta’s ML/AI solutions help manufacturers locate the earliest indicators of future product failures, accelerate root cause analysis, reduce scrap and rework, and improve throughput. Their customers can make the right decisions fast, optimize production and improve product quality, ultimately improving profits.

Symend

Series C in 2022
Symend Inc. is a company that specializes in debt recovery solutions through its innovative software platform. Established in 2016 and headquartered in Calgary, Canada, with additional offices in Toronto and Denver, Symend focuses on enhancing the debt collection process by utilizing automation, predictive analytics, and behavioral science. The platform aims to minimize debt delinquency while ensuring a positive experience for all stakeholders. It offers tools for treatment planning, campaign management, and self-service options, allowing businesses in sectors such as financial services, telecommunications, and utilities to engage customers effectively. By creating personalized interactions, Symend empowers individuals to manage their debts through flexible repayment options, ultimately fostering better financial outcomes and strengthening customer relationships.

Private AI

Series A in 2022
Private AI Inc., founded in 2017 and based in Toronto, Canada, specializes in developing privacy-preserving machine learning and natural language processing tools. The company focuses on enabling secure data analysis for developers by finding, redacting, and generating synthetic personally identifiable information (PII) within semi- and unstructured datasets. Private AI's technology boasts over 99.5% accuracy across more than 47 languages and 50 different entity types. Its platform operates as a Docker container within clients' existing infrastructure, ensuring that sensitive data remains on-site and is never shared externally. This approach allows organizations across various industries to analyze large datasets while maintaining user privacy and data security.

Vention

Series C in 2022
Vention Inc. is a digital manufacturing platform based in Montreal, Canada, that simplifies the design and ordering of custom machines. Established in 2016, the company provides a cloud-based 3D Machine Builder, which allows engineers and manufacturing professionals to design, order, and assemble custom factory equipment quickly. This platform features an extensive library of modular parts, including structural, motion, and control components, facilitating the creation of automated equipment, robot cells, tooling, and conveyors. Additionally, Vention's offerings include MachineMotion, which aids both automation specialists and novices in automating their designs. By integrating artificial intelligence to enhance the design process, Vention enables users to program, simulate, and commission automated equipment within a single digital environment, making industrial automation more accessible.

Talent.com

Series B in 2022
Talent.com is a platform that centralizes jobs available on companies'​ career websites, staffing agencies, or job boards. The company was founded in 2020 and is headquartered in Montreal, Quebec, Canada.

Summit Nanotech

Series A in 2022
Summit Nanotech Corporation is a cleantech company based in Calgary, Canada, that specializes in innovative lithium extraction methods aimed at supporting the global energy transition. Founded in 2018, the company has developed a patented direct lithium extraction (DLE) technology that offers a more sustainable and environmentally friendly approach compared to traditional extraction methods. By collaborating with mining companies and lithium asset owners in Chile and Argentina, Summit Nanotech aims to conserve natural resources while optimizing lithium production operations. Its focus on providing cost-effective solutions positions Summit Nanotech as a key player in the lithium supply chain, addressing industry challenges while minimizing environmental impact.

LeddarTech

Series D in 2022
LeddarTech Inc. specializes in advanced detection and ranging systems using time-of-flight measurement technology with infrared LEDs. The company offers a range of smart sensor modules, including single-element and multi-element systems tailored for various applications, such as industrial, traffic management, and smart home solutions. LeddarTech's technology is particularly focused on enhancing advanced driver assistance systems (ADAS) and autonomous driving by providing perception solutions that integrate data from various sensor types, including cameras and radar. Their flagship platform, LeddarVision™, facilitates the creation of comprehensive 3D environmental models, addressing critical challenges in environmental sensing and perception. With over 140 patents granted or pending, LeddarTech is committed to innovation in the automotive sector, serving original equipment manufacturers (OEMs) and automotive suppliers to accelerate development cycles and improve time-to-market. Founded in 2007 and based in Quebec City, Canada, the company also maintains a research and development office in Toronto.

MSP Corp

Venture Round in 2022
MSP Corp focuses on acquiring and partnering with high-performing Managed Service Providers (MSPs) in Canada and the United States. The company aims to enhance these MSPs by providing essential resources, technology, and business support, thereby empowering them to deliver superior services. MSP Corp specializes in cloud computing, cybersecurity, and IT support, offering a range of technology, hardware, and software solutions. Additionally, it manages the financial and operational aspects of its partners to optimize their revenue and overall performance. By fostering collaboration and innovation, MSP Corp seeks to strengthen the capabilities of exceptional MSP teams.

eCamion

Venture Round in 2022
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.

PathFactory

Private Equity Round in 2021
PathFactory Inc. operates a content marketing automation platform designed to enhance the efficiency of the B2B buying process. Founded in 2012 and based in Toronto, Canada, the company enables marketers to deliver relevant content experiences that guide buyers through their unique journeys. By facilitating the binge consumption of content, PathFactory reduces friction and accelerates the buying process. The platform leverages data insights to optimize content delivery across various channels, allowing marketers to provide hyper-relevant, real-time content recommendations. This approach not only helps in generating qualified leads but also shortens sales cycles and increases marketing's contribution to revenue. PathFactory was previously known as LookBookHQ Inc. before rebranding in May 2018.

Bridgit

Series B in 2021
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.

Swift Medical

Series B in 2021
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.

SkyWatch

Series B in 2021
SkyWatch is a company that offers a digital infrastructure for the distribution of Earth observation data and derived intelligence. Founded in 2014 and headquartered in Waterloo, Ontario, SkyWatch has developed a satellite data intelligence platform that makes satellite data accessible to a wide range of users. Its platform enables developers to integrate Earth observation data into their applications and workflows cost-effectively. By providing access to remote sensing datasets, SkyWatch assists users in analyzing satellite data for various applications, including monitoring agricultural progress, predicting market trends, tracking maritime and aerial movements, and assessing global warming.

Smart Skin Technologies

Venture Round in 2021
Smart Skin Technologies Inc. is a technology development company based in Fredericton, Canada, with an additional office in Munich, Germany. Founded in 2009, the company specializes in the development and commercialization of a pressure-sensitive skin technology that has diverse applications. Its flagship product, Quantifeel, is a packaging pressure monitoring system designed to measure line pressure and 3D orientation in various types of packaging, including glass, cans, and PET. In addition to its existing products, Smart Skin Technologies is actively developing patent-pending pressure sensing technology for industrial applications and sports, aiming to expand its footprint across multiple verticals.

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.

Dejero

Venture Round in 2021
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.

Symend

Series B in 2021
Symend Inc. is a company that specializes in debt recovery solutions through its innovative software platform. Established in 2016 and headquartered in Calgary, Canada, with additional offices in Toronto and Denver, Symend focuses on enhancing the debt collection process by utilizing automation, predictive analytics, and behavioral science. The platform aims to minimize debt delinquency while ensuring a positive experience for all stakeholders. It offers tools for treatment planning, campaign management, and self-service options, allowing businesses in sectors such as financial services, telecommunications, and utilities to engage customers effectively. By creating personalized interactions, Symend empowers individuals to manage their debts through flexible repayment options, ultimately fostering better financial outcomes and strengthening customer relationships.

Anaergia

Venture Round in 2021
Anaergia Inc. is a company based in Burlington, Canada, that specializes in generating renewable energy from biogas through advanced anaerobic digestion of organic waste from municipal, agricultural, and industrial sources. The company’s offerings include technologies for producing clean energy, fertilizers, and recycled water, as well as municipal wastewater solutions and services for waste diversion and renewable natural gas applications. Anaergia operates through three main segments: Capital Sales, Services, and Build, Own, and Operate Projects, with the Capital Sales segment generating the majority of its revenue from the sale of proprietary technology solutions to municipalities, private entities, and project developers. The company's solutions are implemented in resource recovery facilities globally, with a presence in North America, Europe, and Asia.

Aifred Health

Seed Round in 2020
Aifred Health Inc. is a Montreal-based company that specializes in developing a deep-learning clinical decision support tool aimed at enhancing personalized medicine in psychiatry. Founded in 2017, Aifred Health addresses the longstanding challenges associated with the trial-and-error approach to treatment selection in depression, which is a leading cause of medical impairment. The company's application software features treatment prediction, interpretability, patient data tracking, and electronic patient record capabilities. By processing de-identified data, Aifred's AI model generates tailored therapeutic options for individual patients, enabling clinicians to make more informed decisions among various treatment options that may appear effective at a population level but vary significantly in effectiveness for individuals.

R-Hauz Solutions

Seed Round in 2020
Housing affordability is a complex problem being addressed in cities around the world. While new construction is an effective way of increasing supplies, it requires years of planning and often fails to accommodate a wide range of needs. R-Hauz empowers urban landowners and families to self-solve their housing needs through housing-as-a-product. Their ingenious V2 and V6 products create additional housing within Toronto by taking advantage of the city’s development guidelines for avenues and laneways. Unlike traditional builds, these products offer the convenience of off-site construction while providing landowners with an elegant design at an affordable price.

CarbonCure

Venture Round in 2020
CarbonCure Technologies Inc. offers innovative technology that allows concrete producers to sequester waste carbon dioxide (CO2) into their products, effectively transforming it into a solid mineral during the concrete manufacturing process. By sourcing CO2 from industrial emitters, the company enables manufacturers to create greener and stronger concrete without compromising on quality or price. This retrofit technology not only enhances the performance characteristics of traditional concrete but also helps producers tap into the growing green building market. CarbonCure's solutions are designed to provide material, environmental, and production advantages while reducing the overall carbon footprint associated with concrete production. The company, incorporated in 2007 and headquartered in Dartmouth, Canada, also supports its clients with marketing and environmental reporting services to strengthen their competitive position in the industry.

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.

SOL Cuisine

Private Equity Round in 2020
Sol Cuisine Inc. is a Canadian company based in Mississauga, established in 1980, that specializes in the production of vegetarian, vegan, halal, gluten-free, and organic frozen and fresh meat alternatives. The company's product range includes items such as fattoush salad, various aioli sauces, vegan maki, vegan poutine, and savory morning swirls. Sol Cuisine aims to create high-quality, delicious foods using local and environmentally sustainable ingredients, providing consumers with nutritious and animal-friendly options that are designed to be superior to both meat-based products and other plant-based alternatives.

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.

Invixium

Series C in 2020
Invixium Inc. is a Canadian company specializing in biometric solutions aimed at enhancing access control, workforce management, and visitor screening for various industries. Established in 2012 and headquartered in Markham, Canada, Invixium designs a range of innovative products, including the Ixm Mycro, Ixm Touch, IXM Titan, IXM Merge, and Ixm Sense, which cater to both residential and industrial environments. These products incorporate advanced technologies such as face recognition, fingerprint tracking, and temperature detection to ensure security and health in workplaces. Invixium's fully integrated hardware and software solutions provide valuable analytics that improve safety and productivity. With a management team boasting over 200 years of collective experience in the biometric access control sector, Invixium's products have been deployed in diverse sectors, including government, healthcare, and education, across more than 60 countries. The company's commitment to quality is reflected in its manufacturing process, with all products proudly made in Canada.

Cinchy

Series A in 2020
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.

Hopper

Venture Round in 2020
Hopper Inc. is a travel technology company that operates a mobile application designed to enhance the travel planning experience. Founded in 2007 and headquartered in Montreal, Canada, with additional offices in the United States and Bulgaria, Hopper utilizes big data and predictive analytics to analyze and forecast airfares and accommodations. The application provides users with travel recommendations and alerts them when flight and hotel prices reach their predicted lowest points, enabling travelers to secure the best deals. By leveraging historical travel data, Hopper aims to simplify the booking process and help users save money while planning their trips.

SkyWatch

Series A in 2020
SkyWatch is a company that offers a digital infrastructure for the distribution of Earth observation data and derived intelligence. Founded in 2014 and headquartered in Waterloo, Ontario, SkyWatch has developed a satellite data intelligence platform that makes satellite data accessible to a wide range of users. Its platform enables developers to integrate Earth observation data into their applications and workflows cost-effectively. By providing access to remote sensing datasets, SkyWatch assists users in analyzing satellite data for various applications, including monitoring agricultural progress, predicting market trends, tracking maritime and aerial movements, and assessing global warming.

Spartan Bioscience

Venture Round in 2020
Spartan Bioscience Inc. designs and manufactures rapid sample-to-result DNA testing systems. Spartan’s technology fully integrates DNA collection, extraction and analysis, with an intuitive interface that is easy to operate. The company was founded in 2005 and is based in Ottawa, Canada.

Praemo

Venture Round in 2020
Praemo Inc. is a technology company based in Kitchener, Canada, founded in 2017. It specializes in developing advanced detection technology designed to analyze industrial data across various sectors, including manufacturing, automotive, consumer packaged goods, aerospace, oil and gas, mining, and agriculture. The company's flagship product, Razor™, is an analytics engine that combines industry expertise with artificial intelligence and the Industrial Internet of Things (IIoT). This technology enables organizations to predict and prevent disruptions in their operations by converting data into actionable insights and automatically generating recommendations for improvement.

iQ Offices

Venture Round in 2019
iQ Offices provides luxury shared office space, co-working, meeting rooms, event space, and virtual office solutions across Canada.

Adaptiv Networks

Venture Round in 2019
Adaptiv Networks, Inc. specializes in cloud connectivity solutions that facilitate digital business transformation. The company provides software-defined wide-area networks (SD-WAN) which enable simultaneous voice, data, and video transmission over a unified infrastructure. Its offerings include features such as automatic site failover, multi-link aggregation, and cloud-based management, designed to ensure reliability and agility for businesses that rely on cloud services. Adaptiv Networks also offers SD-INTERNET, enhancing network productivity for various sectors including retail, manufacturing, and digital small-to-medium-sized enterprises. Established in 2002 and headquartered in Mississauga, Canada, the company collaborates with partners like Future Link Communications and Access One, Inc. to deliver managed SD-WAN services, aiming to simplify digital transformation for organizations of all sizes.

TouchBistro

Series E in 2019
TouchBistro, Inc. develops an iPad-based point of sale (POS) solution tailored for restaurants, cafes, bars, and food trucks. Founded in 2010 and headquartered in New York with an additional office in Toronto, the company offers various POS systems, including those specifically designed for food trucks, bars, and coffee shops. These systems enable efficient order management by allowing servers to take orders and submit them directly to the kitchen without returning to a terminal, thereby reducing errors and enhancing service speed. TouchBistro also provides features such as a reservation management platform, cloud reporting and analytics, and customer-facing displays, all aimed at improving the dining experience and operational efficiency. The software is available through the Apple App Store in the United States and internationally, making it accessible for a wide range of food and drink venues.

Plum.io

Seed Round in 2019
Plum.io, Inc. is a Canadian company that provides a software as a service (SaaS) recruitment platform designed to match job candidates with companies effectively. The platform utilizes objective data to assess and align human potential with job requirements, thereby enhancing talent-related decisions throughout the employee lifecycle. Plum.io offers a range of services, including talent acquisition, workforce planning, employee development, and team building. The company focuses on helping organizations improve their hiring processes, identify employee potential, and build high-performing teams. Established in 2012 and originally named Cream.HR, Inc., Plum.io rebranded in 2014 and has since garnered recognition, including being named a Top HR Product of the Year and receiving awards for its innovative technology in the human resources sector.

BlueDot

Series A in 2019
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.

Art Massif

Debt Financing in 2019
Art Massif specializes in the design and manufacture of glued-laminated timber structures for a variety of applications, including restaurants, offices, schools, luxury homes, gymnasiums, and public buildings. The company provides a comprehensive service that encompasses the entire process, from initial design to manufacturing and installation. Its product offerings include glue-laminated decking, frames, porticos, porches, arbors, carports, and sculpted beams. Founded in 2010, Art Massif is headquartered in Saint-Jean-Port-Joli, Canada, and is dedicated to creating high-quality wood structures that meet diverse architectural needs.

Bus.com

Series B in 2019
Bus.com is a bus rental platform that simplifies the planning and booking of group transportation online. Founded by travel industry veterans and based in Montreal, Quebec, the company provides an easy-to-use web application for organizing and managing bus trips. Its services include online rental, ticketing, and GPS tracking, allowing passengers to stay informed about their bus's arrival times. Bus.com is particularly focused on facilitating charter bus trips for various events, such as festivals and sporting occasions, thereby enhancing the overall travel experience for users.

Recover Energy Services

Venture Round in 2019
Recover Energy Services Inc. is an environmental technology company based in Calgary, Canada, specializing in the removal and recycling of oil left on drill cuttings generated from oil-based mud drilling. Founded in 2008 and formerly known as Cutting Edge Systems Inc., the company utilizes a patented process to clean oil-based drilling waste, effectively recovering base oil and significantly reducing carbon dioxide emissions. By providing a sustainable and eco-friendly disposal method for oil-based drill cuttings, Recover Energy Services aims to minimize the environmental impact of the oil field industry in Canada, enabling oil and gas companies to manage their waste safely and cost-effectively.

Avidbots Corp.

Series B in 2019
Avidbots Corp. is a Canadian company founded in 2014 that specializes in developing and manufacturing autonomous commercial floor cleaning robots. Its flagship product, NEO, is an advanced scrubbing robot designed to enhance cleaning efficiency in various environments, including airports, retail malls, hospitals, colleges, industrial sites, museums, and warehouses across multiple countries. Avidbots' robots utilize laser mapping technology to create detailed maps of their surroundings, enabling them to plan and execute optimal cleaning paths. The company's vision is to integrate robotics into everyday life, thereby expanding human potential through innovative cleaning solutions.

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.

Ace services mécaniques

Convertible Note in 2019
Founded in 2010 by Sébastien Bédard and Pascal Rochette—two professional technicians with an entrepreneurial flair, ACE offers specialized mobile mechanical services for heavy equipment. The two co-founders bring with them over 20 years of experience working with all types of machinery. Their work in dealerships, mining and various other areas has allowed them to acquire a solid base of experience. Ambitious, passionate, enterprising: three words that sum up these men and their project! Their goal? To turn ACE Mechanic Services into Quebec’s largest general service provider for heavy equipment. And they are well on their way!

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.

Sheertex

Seed Round in 2019
Sheertex Inc. is a Montreal-based company that specializes in manufacturing and selling women's tights, as well as other apparel such as masks and shorts for both men and women. Founded in 2017, Sheertex focuses on creating durable products made from a unique polymer fiber similar to that used in bulletproof vests and climbing gear. This innovative material provides both strength and comfort, appealing to consumers looking for premium and stylish innerwear. The company's products are available for purchase exclusively online, catering to a modern retail environment.

Effenco

Series A in 2018
Effenco is an autotech company focused on the electrification of heavy-duty vehicles and connected mobility within the transport sector. Established in 2006 and headquartered in Montréal, Quebec, the company has developed the Active-Stop-Start electric hybrid technology, which enhances the energy efficiency of heavy goods vehicles and reduces greenhouse gas emissions by 30%. This innovative system utilizes ultracapacitor-based technology to electrify the propulsion and on-board equipment of vocational trucks. Effenco's solution automatically shuts down the engine when vehicles are stationary, providing electric power to essential systems such as heating, ventilation, and air conditioning. By eliminating engine use during idling, the technology significantly lowers operational costs and environmental impact, making it an attractive option for both existing and new heavy-duty vehicles. Effenco operates in the United States and Europe, leveraging extensive real-world operating data and advanced AI algorithms to support its mission of fostering a sustainable future in the transport industry.

LeddarTech

Convertible Note in 2018
LeddarTech Inc. specializes in advanced detection and ranging systems using time-of-flight measurement technology with infrared LEDs. The company offers a range of smart sensor modules, including single-element and multi-element systems tailored for various applications, such as industrial, traffic management, and smart home solutions. LeddarTech's technology is particularly focused on enhancing advanced driver assistance systems (ADAS) and autonomous driving by providing perception solutions that integrate data from various sensor types, including cameras and radar. Their flagship platform, LeddarVision™, facilitates the creation of comprehensive 3D environmental models, addressing critical challenges in environmental sensing and perception. With over 140 patents granted or pending, LeddarTech is committed to innovation in the automotive sector, serving original equipment manufacturers (OEMs) and automotive suppliers to accelerate development cycles and improve time-to-market. Founded in 2007 and based in Quebec City, Canada, the company also maintains a research and development office in Toronto.

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.

Eigen Innovation

Venture Round in 2018
Eigen Innovations Inc. specializes in developing quality inspection and process control solutions for industrial manufacturers. Founded in 2012 and based in Fredericton, Canada, the company offers a vision analytics platform called Intellexon, which learns from operators to optimize machine settings. Additionally, Eigen provides a solution that captures video and sensor data from manufacturing processes, analyzing it with Intellexon software. This technology is applicable across various industries, including automotive, food processing, construction materials, and mining. By utilizing Eigen's integrated inspection solutions, manufacturers can create AI-inspection models that facilitate part-over-part inspections and generate standardized digital records for every product. The company's OneView software enables factory teams to automate processes and analyze data to identify and reduce defects, ultimately enhancing production efficiency and effectiveness.

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.

CrowdRiff

Series A in 2018
CrowdRiff is a visual marketing platform specifically designed for travel and tourism brands, founded in 2011 and based in Toronto, Canada. The platform utilizes artificial intelligence to help marketers discover and deliver high-performing visual content across various marketing channels. By combining image discovery, digital asset management, and efficient content delivery, CrowdRiff allows users to source and share visuals that resonate with their target audiences. This capability enables brands to effectively enhance their marketing efforts through the strategic use of compelling imagery.

Hopper

Series D in 2018
Hopper Inc. is a travel technology company that operates a mobile application designed to enhance the travel planning experience. Founded in 2007 and headquartered in Montreal, Canada, with additional offices in the United States and Bulgaria, Hopper utilizes big data and predictive analytics to analyze and forecast airfares and accommodations. The application provides users with travel recommendations and alerts them when flight and hotel prices reach their predicted lowest points, enabling travelers to secure the best deals. By leveraging historical travel data, Hopper aims to simplify the booking process and help users save money while planning their trips.

NestReady

Venture Round in 2018
NestReady Inc. is a real estate technology company that creates an integrated marketplace for mortgage lenders and homebuyers, enhancing the home buying experience. Founded in 2012 and based in Montreal, Canada, NestReady's platform connects all stages of the home buying journey, allowing lenders to build relationships with clients and track their progress effectively. By combining mortgage services with real estate, the platform simplifies the process for users, facilitating better understanding of client needs. This integration helps mortgage lenders reduce customer acquisition costs while improving conversion rates and retention on renewals. NestReady's white-label, plug-and-play solution enables lenders to offer a comprehensive home buying service directly on their own websites.

Composites Vci

Venture Round in 2018
Composites Vci is a transportation environmental consulting company located in Saint-lin-laurentides.

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.

Relogix

Seed Round in 2018
Relogix Inc., founded in 2010 and based in Ottawa, Canada, specializes in developing sensor-based devices for monitoring and tracking unused office spaces. The company offers a comprehensive solution that includes UtiLive, a system utilizing space tracking sensors and a machine learning analytics engine for data analysis. Relogix operates on a sensor-as-a-service model, which encompasses floor planning, deployment of sensor devices, and ongoing monitoring through a cloud-based application. The company's offerings are designed to support large enterprises and commercial real estate portfolios, enabling clients to make informed, data-driven decisions regarding their real estate strategies. Relogix's innovative workplace insights platform, Conexus, and advanced IoT occupancy sensors aim to enhance the workplace experience and optimize real estate utilization.

Focus FS

Venture Round in 2018
Focus FS Inc. is a technology company based in St. John's, Canada, founded in 2012. It specializes in developing and marketing information management solutions tailored for the mining, oil, transportation, utilities, and municipal services sectors. The company offers a range of products, including ShiftProcess, a compliance reporting and action management application; ShiftPeople, a site monitoring system utilizing RFID technology; ShiftRescue, which documents under-oxygen mine rescue incidents; and ShiftFusion, a suite of system integration and professional services. Focus FS aims to enhance operational performance, improve logistics, and ensure personnel safety, providing clients with intelligent solutions that facilitate informed decision-making.

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.

TouchBistro

Series D in 2018
TouchBistro, Inc. develops an iPad-based point of sale (POS) solution tailored for restaurants, cafes, bars, and food trucks. Founded in 2010 and headquartered in New York with an additional office in Toronto, the company offers various POS systems, including those specifically designed for food trucks, bars, and coffee shops. These systems enable efficient order management by allowing servers to take orders and submit them directly to the kitchen without returning to a terminal, thereby reducing errors and enhancing service speed. TouchBistro also provides features such as a reservation management platform, cloud reporting and analytics, and customer-facing displays, all aimed at improving the dining experience and operational efficiency. The software is available through the Apple App Store in the United States and internationally, making it accessible for a wide range of food and drink venues.

Swift Medical

Series A in 2018
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.

Agrisoma Biosciences

Series C in 2018
Agrisoma Biosciences Inc. is an agriculture technology company based in Gatineau, Canada, that focuses on the development and commercialization of carinata, a non-food oilseed crop specifically designed for the production of oil used in biodiesel and advanced biofuels. Founded in 2001, Agrisoma provides carinata seeds for farmers to cultivate, either as part of their crop rotation or on fallow land, thereby supporting the renewable oil market. The company employs a proprietary technology called Engineered Trait Loci (ETL), which allows for precise genetic engineering of plants to enhance biofuel production. This method enables the introduction and management of multiple genes within a crop's genome, improving its biosynthetic capabilities and facilitating the development of biofuel crops. Agrisoma has made significant advancements in applying its technology to various oilseed and biomass crops, positioning itself within the growing bio-energy sector, particularly in North America.

Equispheres

Venture Round in 2018
Equispheres Inc. is a Canadian company based in Ottawa, established in 2015, that specializes in the development, manufacture, and marketing of high-performance spherical metal powders for additive manufacturing and metal spray applications, particularly in the aerospace and automotive sectors. The company employs a patent-pending atomization technology that produces uniform, agglomerate-free metal powders with specific characteristics, such as narrow particle size distribution and excellent sphericity. These features enhance the flowability and microstructure of the powders, improving the quality of end products without the need for additional processing like sieving. Equispheres aims to enable manufacturers to fully realize the potential of industrial additive manufacturing while reducing production costs and increasing efficiency.

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.

Nobal

Seed Round in 2018
Nobal Technologies Inc. is a Canadian company that specializes in developing and manufacturing innovative hardware display screens for various industries. Founded in 2008 and headquartered in Calgary, Nobal focuses on enhancing customer experiences in retail through its flagship product, the iMirror. This versatile digital display solution combines a user-friendly interface with real-time analytics, enabling consumers to access digital content and receive personalized services while interacting with the product. By creating engaging digital applications, Nobal aims to streamline the shopping experience and support the integration of physical and digital retail environments. The company was previously known as POSH View Inc.

CanvasPop

Series A in 2018
CanvasPop is a leader in on-demand printing and personalized photo art and photo gifts. Founded in 2009, the company focuses on providing world-class customer support, delivering the highest quality products, and is constantly innovating the way consumers can order personalized products online. CanvasPop has over 450,000 happy customers with printing and distribution facilities in the United States and Canada and ships across the EU.

Altitude-Sports.com

Venture Round in 2018
Altitude-sports.com sells its products around the world. It is the first online outdoor retailer in Canada; e-commerce has barely taken off at this stage. The website becomes renowned thanks to people searching for extremely specific products often difficult to find in brick and mortar stores. Large sizes, technical mountaineering equipment and colors stores are too scared to carry are the brunt of the business.

Wattpad

Venture Round in 2018
Wattpad is a digital entertainment company that operates an online social storytelling platform focused on original narratives. Established in 2006 in Toronto, Canada, Wattpad fosters a community of over 65 million users who engage with stories for more than 20 billion minutes each month. The primary app allows users to read and write stories, facilitating collaboration through comments and multimedia interactions. In addition to its flagship platform, Wattpad offers Tap, a product for short, chat-based stories available in multiple languages. Wattpad Studios collaborates with industry partners to adapt stories for film, television, digital media, and print. Furthermore, Wattpad Brand Solutions provides advertising options aimed at enhancing engagement with Millennial and Gen Z audiences.

Keatext

Seed Round in 2018
Keatext Inc. is a Montreal-based company that offers a cloud-based text analytics platform designed to enhance business performance by analyzing customer feedback from various sources. Established in 2010, Keatext utilizes artificial intelligence and natural language processing to synthesize large volumes of unstructured data, such as open-survey responses, online reviews, chat logs, and social media posts. The platform provides clients with actionable insights through a comprehensive dashboard, enabling them to understand customer sentiments and identify key areas for improvement. By delivering instant clarity on customer preferences and needs, Keatext empowers businesses to cultivate meaningful relationships with their customers and respond effectively to their feedback.

Tealbook

Seed Round in 2018
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.

MIMOSA Diagnostics

Seed Round in 2018
MIMOSA Diagnostics Inc. is a Toronto-based company established in 2016 that specializes in the development of a multispectral mobile tissue assessment device. The company's flagship product, the MIMOSA Pro, is a handheld device that utilizes near-infrared light to non-invasively evaluate tissue health by visualizing biomarkers such as oximetry and temperature beneath the skin's surface, regardless of skin color. This technology aims to enhance patient care by providing immediate insights that can inform treatment decisions, thereby improving outcomes for patients, particularly for those with diabetes who need to monitor their foot health. The device is designed for easy use by both patients and caregivers, streamlining the process of assessing tissue health without the need for extensive testing or long wait times.

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.

Kinova Robotics

Venture Round in 2017
Kinova designs and manufactures robotics platforms and components that are simple, sexy and safe under two business units: Assistive Robotics empowers people with disabilities to push beyond their current boundaries and limitations while Service Robotics empowers people in industry to interact with their environment more efficiently and safely.

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.

BlackSquare

Series A in 2017
BlackSquare Inc. is a provider of direct-to-consumer (DTC) business solutions specifically tailored for the wine and beer industry. Founded in 2009 and based in Calgary, Canada, the company offers a comprehensive suite of DTC strategies, including eCommerce platforms, wine and beer club subscriptions, and various marketing services such as social media campaigns and email marketing. BlackSquare's technology facilitates seamless transactions from order and payment to shipping and delivery, enabling businesses to effectively reach both local and international customers. The company's services also encompass inventory management, customer relationship management, payment automation, and multi-language and currency support. BlackSquare has expanded its operations globally, with a presence in Sydney, Hong Kong, and Europe.

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.

Repare Therapeutics

Series A in 2017
Repare Therapeutics Inc. is a precision oncology company based in Montréal, Canada, specializing in the discovery and development of novel therapeutics through a synthetic lethality approach. Utilizing its proprietary SNIPRx platform, which combines genome-wide and CRISPR-enabled technology, the company systematically identifies targeted cancer therapies addressing genomic instability, particularly in DNA damage repair. Its lead candidate, RP-3500, is an oral small molecule inhibitor designed to treat solid tumors with specific DNA damage repair-related genomic alterations. Additionally, Repare is advancing a CCNE1-SL inhibitor program targeting tumors with CCNE1 amplification, along with a Polymerase Theta program focused on BRCA mutations and related genomic alterations. Founded in 2016, the company aims to improve cancer treatment by leveraging innovative drug discovery methods and addressing the unique vulnerabilities of tumor cells.

Hubdoc

Seed Round in 2017
Hubdoc Inc. is a technology company based in Toronto, Canada, that specializes in automating the collection and processing of financial documents for small and medium-sized businesses, as well as accountants and bookkeepers. Founded in 2011, Hubdoc offers a mobile application that allows users to capture financial documents, such as receipts, bills, and invoices, by taking photos or uploading files. The application utilizes cloud computing and machine learning to convert these documents into organized, usable data, streamlining financial reporting, reconciliation, and audit processes. By simplifying document management, Hubdoc enables businesses to focus more on their operations and less on administrative tasks. The company became a subsidiary of Xero Limited in August 2018.

Element AI

Series A in 2017
Element AI Inc. is an artificial intelligence company that provides solutions for organizations seeking to leverage AI and machine learning technologies. Founded in 2016 and headquartered in Montreal, Canada, with an additional office in Toronto, the company operates an AI as a Service (AIaaS) platform, allowing businesses to launch and incubate AI solutions in collaboration with large corporations. Element AI focuses on delivering AI software products that enhance decision-making and operational efficiency across various sectors, including insurance, banking, manufacturing, logistics, retail, and consumer packaged goods. The company emphasizes research and development, maintaining strong ties to academia, and engages in policy discussions regarding the societal impacts of technology. Through its offerings, Element AI aims to help clients unlock insights, accelerate the adoption of AI, and improve overall business performance with explainable solutions.

TouchBistro

Series C in 2017
TouchBistro, Inc. develops an iPad-based point of sale (POS) solution tailored for restaurants, cafes, bars, and food trucks. Founded in 2010 and headquartered in New York with an additional office in Toronto, the company offers various POS systems, including those specifically designed for food trucks, bars, and coffee shops. These systems enable efficient order management by allowing servers to take orders and submit them directly to the kitchen without returning to a terminal, thereby reducing errors and enhancing service speed. TouchBistro also provides features such as a reservation management platform, cloud reporting and analytics, and customer-facing displays, all aimed at improving the dining experience and operational efficiency. The software is available through the Apple App Store in the United States and internationally, making it accessible for a wide range of food and drink venues.

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.

Plum.io

Seed Round in 2017
Plum.io, Inc. is a Canadian company that provides a software as a service (SaaS) recruitment platform designed to match job candidates with companies effectively. The platform utilizes objective data to assess and align human potential with job requirements, thereby enhancing talent-related decisions throughout the employee lifecycle. Plum.io offers a range of services, including talent acquisition, workforce planning, employee development, and team building. The company focuses on helping organizations improve their hiring processes, identify employee potential, and build high-performing teams. Established in 2012 and originally named Cream.HR, Inc., Plum.io rebranded in 2014 and has since garnered recognition, including being named a Top HR Product of the Year and receiving awards for its innovative technology in the human resources sector.

Alert Labs

Funding Round in 2017
Alert Labs Inc., founded in 2015 and headquartered in Kitchener, Canada, specializes in manufacturing water and flood monitoring sensors. As a subsidiary of Watsco, Inc., the company provides cellular-connected home protection technology that allows homeowners to monitor their properties effectively. The sensors are designed to detect water leaks, floods, and power issues, offering real-time data analysis through user-friendly hardware and software. These technologies do not depend on WiFi, enabling seamless connectivity with smartphones for instant alerts and insights. By employing this innovative solution, Alert Labs aims to help customers avoid property damage and reduce costs associated with home maintenance.

Agrisoma Biosciences

Series B in 2017
Agrisoma Biosciences Inc. is an agriculture technology company based in Gatineau, Canada, that focuses on the development and commercialization of carinata, a non-food oilseed crop specifically designed for the production of oil used in biodiesel and advanced biofuels. Founded in 2001, Agrisoma provides carinata seeds for farmers to cultivate, either as part of their crop rotation or on fallow land, thereby supporting the renewable oil market. The company employs a proprietary technology called Engineered Trait Loci (ETL), which allows for precise genetic engineering of plants to enhance biofuel production. This method enables the introduction and management of multiple genes within a crop's genome, improving its biosynthetic capabilities and facilitating the development of biofuel crops. Agrisoma has made significant advancements in applying its technology to various oilseed and biomass crops, positioning itself within the growing bio-energy sector, particularly in North America.

Bus.com

Series A in 2017
Bus.com is a bus rental platform that simplifies the planning and booking of group transportation online. Founded by travel industry veterans and based in Montreal, Quebec, the company provides an easy-to-use web application for organizing and managing bus trips. Its services include online rental, ticketing, and GPS tracking, allowing passengers to stay informed about their bus's arrival times. Bus.com is particularly focused on facilitating charter bus trips for various events, such as festivals and sporting occasions, thereby enhancing the overall travel experience for users.

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.

Dialogue Health Technologies

Seed Round in 2017
Dialogue Health Technologies operates a comprehensive virtual care platform that provides employee wellness and health solutions for Canadian employers. Founded in 2016 and based in Montreal, the company offers a variety of services aimed at enhancing employee engagement and health. Its platform allows employees to interact with healthcare professionals, including nurses and doctors, for support in physical and mental health. Additionally, the platform facilitates care navigation, medication delivery, and referrals to specialists. By empowering employees to take charge of their health, Dialogue Health Technologies helps businesses create a healthier workforce, leading to increased productivity and overall employee satisfaction.

Sofdesk

Series A in 2017
Sofdesk Inc. is a software company based in Montreal, Canada, that specializes in developing sales acceleration solutions for the solar, roofing, and utilities sectors. Founded in 2013, the company provides intuitive web applications designed to help small to medium-sized businesses enhance their infrastructure and scale operations. Its flagship products include SolarGraf, which assists solar installers in managing leads and proposals, and RoofGraf, tailored for roofing companies to streamline their business development efforts. By offering centralized and user-friendly tools, Sofdesk aims to reduce operational costs and improve efficiency in these industries.

Next AI

Venture Round in 2017
Next AI is a world-class founder and venture development acceleration network for AI-enabled startups. Founders can be part of the ecosystem from anywhere in Canada, following the program remotely or in-person from the Toronto or Montreal sites. Taking advantage of a renowned network of AI and business experts, Next AI provides support on both AI product development and market commercialisation. Each year, we identify the top early-stage teams developing ambitious AI-powered solutions and we provide them with the mentorship, education and network to have a global impact.

Hopper

Series C in 2016
Hopper Inc. is a travel technology company that operates a mobile application designed to enhance the travel planning experience. Founded in 2007 and headquartered in Montreal, Canada, with additional offices in the United States and Bulgaria, Hopper utilizes big data and predictive analytics to analyze and forecast airfares and accommodations. The application provides users with travel recommendations and alerts them when flight and hotel prices reach their predicted lowest points, enabling travelers to secure the best deals. By leveraging historical travel data, Hopper aims to simplify the booking process and help users save money while planning their trips.
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