Export Development Canada

Export Development Canada (EDC) is a Crown corporation established in 1944 and headquartered in Ottawa, Ontario. It serves as an export credit agency focused on supporting Canadian businesses of all sizes in their international endeavors. EDC offers a range of services to facilitate global trade, including financial solutions, trade financing, export credit insurance, and risk management tools. The organization aims to enhance Canada's export trade by providing businesses with the necessary resources, such as industry knowledge and connections, to pursue international market opportunities confidently. In addition to its core services, EDC supports small and medium-sized enterprises through secured loans and other financial products, thereby fostering growth and development in the Canadian economy.

Hozefa Abbas

Investment Partner

Lissa Bjerkelund

Vice President, Investments and Mid-Market Lending

Erik Brien-Wright

Partner

Sean Brownlee

Director

Carl Burlock

Executive Vice President and Chief Business Officer

Guillermo Freire

Senior Vice President, Mid-Market

Dan Mancuso

Senior Vice President, Financing and Investments

Isabela Murillo

Investment Manager

Richard Pinnock

Chief Diversity Officer and Director

Julie Pottier

senior Vice President

Eric Siegel

COO

Gabriel Sirois

Partner

Stephen Wilhelm

Regional Vice President

Past deals in Montreal

WorkJam

Venture Round in 2024
WorkJam, Inc. is a technology company that develops an employee engagement platform designed to enhance the relationship between employers and their front-line workforce. Founded in 2014 and headquartered in Montreal, Canada, with additional locations in Cincinnati, Ohio, and Melbourne, Australia, WorkJam offers a web and mobile app that can operate independently or be integrated with existing workforce management systems. The platform features tools for shift and task management, communication, training, and recognition, enabling shift-based, hourly, and non-desk workers to effectively manage their work life. By promoting agile scheduling and transformative communication, WorkJam empowers organizations in various sectors, including retail, healthcare, and manufacturing, to improve operational efficiency, labor cost management, and customer experience through a more engaged workforce. The company also has a strategic partnership with Digital Goodie to further enhance its offerings.

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.

Fody

Series B in 2023
Fody Food Co. Inc. is a Canadian company that specializes in manufacturing dietary products designed for individuals with irritable bowel syndrome (IBS). Founded in 2016 and based in Montreal, Quebec, Fody offers a variety of gut-friendly foods, including sauces, salsas, dressings, seasonings, and snack bars, all formulated to be low in FODMAPs—carbohydrates that can trigger digestive issues in some people. The product lineup includes items like mild salsa, marinara sauce, BBQ sauce, dressings, and various snack bars, catering to the dietary needs of those seeking relief from IBS symptoms. Fody's products are available for purchase through its website and a network of retail partners, allowing consumers to improve their eating habits while enjoying flavorful options.

Cycle Momentum

Grant in 2023
Cycle Momentum is a Montreal-based accelerator established in 2014 that focuses on supporting cleantech startups. It is dedicated to working with entrepreneurs who develop and commercialize innovative clean technologies, aiming to cultivate globally competitive companies. The accelerator provides a tailored program that includes training workshops, networking opportunities, and access to experienced mentors. Additionally, Cycle Momentum connects these startups with investors to enhance their growth potential. By concentrating on seed-stage, early-stage, and later-stage companies, particularly in B2B, commercial transportation, energy, and cleantech sectors, Cycle Momentum plays a crucial role in fostering the development of promising Canadian ventures in the clean technology arena.

Alvéole

Debt Financing in 2023
Alvéole is a Montreal-based company founded in 2011 that specializes in installing and maintaining beehives at businesses and schools. The company aims to assist organizations in achieving their sustainability goals by transforming urban spaces into environments conducive to bees, including honey bee hives, pollinator habitats, and bee-friendly gardens. In addition to its beekeeping services, Alvéole produces and sells honey, soap bars, lip balms, and food wraps. The company also provides educational resources focused on beekeeping and biodiversity, offering essential equipment and technical support to both novice and experienced beekeepers. Through its initiatives, Alvéole promotes environmental stewardship and enhances urban biodiversity.

Equisoft

Private Equity Round in 2023
Equisoft Inc. is a global provider of innovative digital solutions tailored for the life insurance and wealth management industries. Founded in 1994 and headquartered in Montreal, Canada, with an additional office in Sydney, Australia, the company specializes in delivering a comprehensive ecosystem of services. Its offerings include SaaS policy administration, customer relationship management, financial planning tools, and solutions for asset allocation and portfolio analysis. Equisoft also provides financial advisors with tools for wealth management proposals, as well as software for quotes, illustrations, and agency management systems. The company is recognized as a leading partner for Oracle's insurance policy administration platform, leveraging extensive expertise in data migration and integration. Through its diverse range of services, Equisoft aims to empower clients to navigate the complexities of digital transformation in the financial sector.

Busbud

Venture Round in 2022
Busbud is a mobile app and platform that connects passengers to bus operators. It enables its users to search, compare, and book city-to-city bus tickets for any location and from any location. It is a comprehensive source of city-to-city bus schedules and tickets around the world, gathering schedules for over 10463 cities in 89 countries, in 10 languages, and 15 currencies. The app offers a search tool allowing travelers to discover and plan their next bus trip. Busbud was founded by Michael Gradek, LP Maurice, and Frederic Thouin in October 2011. It is headquartered in Montreal City in Québec, Canada.

RenoRun

Series B in 2022
RenoRun is building the world's largest single source platform for general contractors to purchase materials. Their mobile-friendly platform is a one-stop-shop when it comes to construction material supply. This app is revolutionizing the construction industry by maximizing productivity, saving contractors wasted run-around hours, and allowing their clients to leave their competition in the dust. Their trained runners will collect and deliver the desired materials to the job site. RenoRun was founded in 2016 and is headquartered in Montreal, Canada, with offices in Toronto and Austin, Texas.

Fody

Venture Round in 2020
Fody Food Co. Inc. is a Canadian company that specializes in manufacturing dietary products designed for individuals with irritable bowel syndrome (IBS). Founded in 2016 and based in Montreal, Quebec, Fody offers a variety of gut-friendly foods, including sauces, salsas, dressings, seasonings, and snack bars, all formulated to be low in FODMAPs—carbohydrates that can trigger digestive issues in some people. The product lineup includes items like mild salsa, marinara sauce, BBQ sauce, dressings, and various snack bars, catering to the dietary needs of those seeking relief from IBS symptoms. Fody's products are available for purchase through its website and a network of retail partners, allowing consumers to improve their eating habits while enjoying flavorful options.

Busbud

Series C in 2020
Busbud is a mobile app and platform that connects passengers to bus operators. It enables its users to search, compare, and book city-to-city bus tickets for any location and from any location. It is a comprehensive source of city-to-city bus schedules and tickets around the world, gathering schedules for over 10463 cities in 89 countries, in 10 languages, and 15 currencies. The app offers a search tool allowing travelers to discover and plan their next bus trip. Busbud was founded by Michael Gradek, LP Maurice, and Frederic Thouin in October 2011. It is headquartered in Montreal City in Québec, Canada.

Rithmik Solutions

Grant in 2019
Rithmik Solutions Ltd. is a Montreal-based company that specializes in developing software solutions for the mining industry, focusing on predictive maintenance for mobile mining equipment. Founded in 2017, Rithmik offers an artificial intelligence-driven platform that analyzes equipment health by creating a virtual model of healthy assets, which runs alongside their physical counterparts. This system detects even minor deviations from optimal performance, providing clients with actionable insights to enhance equipment uptime and reduce maintenance costs. By leveraging AI technology, Rithmik Solutions aims to optimize productivity and profitability for its clients in the mining sector.

Equisoft

Private Equity Round in 2018
Equisoft Inc. is a global provider of innovative digital solutions tailored for the life insurance and wealth management industries. Founded in 1994 and headquartered in Montreal, Canada, with an additional office in Sydney, Australia, the company specializes in delivering a comprehensive ecosystem of services. Its offerings include SaaS policy administration, customer relationship management, financial planning tools, and solutions for asset allocation and portfolio analysis. Equisoft also provides financial advisors with tools for wealth management proposals, as well as software for quotes, illustrations, and agency management systems. The company is recognized as a leading partner for Oracle's insurance policy administration platform, leveraging extensive expertise in data migration and integration. Through its diverse range of services, Equisoft aims to empower clients to navigate the complexities of digital transformation in the financial sector.

Beyond the Rack

Series B in 2011
Beyond the Rack is a Montreal-based online shopping platform that functions as a private shopping club, offering exclusive deals on a wide range of products including apparel, accessories, fragrances, home goods, and electronics. With approximately 15 million active members in Canada and the United States, the platform features flash sales that provide discounts of up to 80% on designer and fast fashion items, all without a retail middleman. The company collaborates with over 3,000 brands to host 15-25 sales daily, which typically last between 48 to 72 hours or until items sell out. Membership is free and can be obtained through the website, promotional partners, or referrals from existing members. Beyond the Rack is recognized for its responsive customer service and efficient shipping, contributing to its reputation as a leading online retailer in the fashion industry.
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