Export Development Canada

Export Development Canada is a government-owned export credit agency that supports Canadian companies in expanding internationally. Founded in 1944 and based in Ottawa, it provides financial solutions, insurance, trade knowledge, and connections to help exporters and their international buyers grow with confidence. The organization offers trade financing, export credit insurance, bond products, and secured loans to small and medium-sized businesses, as well as equity and venture capital investments. By offering these capabilities, EDC helps Canadian firms of all sizes pursue global opportunities and manage risks in cross-border trade.

Hozefa Abbas

Investment Partner

Lissa Bjerkelund

Vice President, Investments and Mid-Market Lending

Erik Brien-Wright

Partner

Carl Burlock

Executive Vice President and COO

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

Lead Investment Manager, Equity

Past deals in Internet of Things

NanoPrecise Sci Corp

Series C in 2025
NanoPrecise Sci Corp specializes in predictive maintenance solutions for industrial equipment. It offers RotationLF, a hardware-software system that combines physics, material science, and data analytics to diagnose machinery issues and predict remaining time to failure. The solution extracts RPM, vibration, sound, temperature, and humidity data from a single sensor, using AI algorithms for anomaly detection and fault characterization. Serving sectors like petrochemical, utility, manufacturing, oil and gas, mining, and infrastructure, NanoPrecise Sci Corp was founded in 2015 with offices in Edmonton, Canada, and Bangalore, India.

Tenstorrent

Series D in 2024
Tenstorrent designs and manufactures AI hardware and software for data processing and machine learning tasks. The company develops application-specific integrated circuit processors that enable scalable deep learning, with architectures designed to be software-programmable and adaptable from battery-powered IoT devices to cloud servers. Its processors target training and inference workloads, delivering computational performance for developers and researchers in artificial intelligence. Founded in 2016, Tenstorrent is based in Toronto with an additional office in Austin, Texas.

Vosker

Debt Financing in 2024
Vosker provides remote area monitoring technology using solar power and artificial intelligence for cutting-edge surveillance solutions. It offers mobile security cameras that operate on 4G/LTE networks and are powered by solar energy, providing surveillance capabilities. These cameras are primarily used in various industries. Vosker was founded in 2018, and headquartered in Victoriaville, Quebec.

Joyride

Series A in 2024
Joyride is a company that provides a connected mobility platform for micromobility operators. It offers turnkey software for dockless bike‑share and electric scooter fleets, including a white‑label mobile app for riders and a web dashboard for operators. Features include keyless access, remote tracking, geofencing, battery monitoring, payment processing, predictive maintenance, in‑app safety, user engagement, real‑time analytics, and customer support. Joyride powers operators in more than 100 markets and can launch fleets within 24 hours, scaling from small to large fleets.

Brickeye

Debt Financing in 2023
Brickeye is a leading construction technology company specializing in IoT-enabled job site monitoring. It offers solutions such as water mitigation, concrete monitoring, and environmental risk assessment to enhance safety, productivity, and sustainability in global construction projects.

NanoPrecise Sci Corp

Series B in 2023
NanoPrecise Sci Corp specializes in predictive maintenance solutions for industrial equipment. It offers RotationLF, a hardware-software system that combines physics, material science, and data analytics to diagnose machinery issues and predict remaining time to failure. The solution extracts RPM, vibration, sound, temperature, and humidity data from a single sensor, using AI algorithms for anomaly detection and fault characterization. Serving sectors like petrochemical, utility, manufacturing, oil and gas, mining, and infrastructure, NanoPrecise Sci Corp was founded in 2015 with offices in Edmonton, Canada, and Bangalore, India.

Vosker

Debt Financing in 2021
Vosker provides remote area monitoring technology using solar power and artificial intelligence for cutting-edge surveillance solutions. It offers mobile security cameras that operate on 4G/LTE networks and are powered by solar energy, providing surveillance capabilities. These cameras are primarily used in various industries. Vosker was founded in 2018, and headquartered in Victoriaville, Quebec.

Mysa

Series B in 2021
Mysa is a developer of innovative high-voltage smart thermostats designed to optimize home heating while reducing energy costs. The company offers a fully featured thermostat that includes smart learning capabilities, which can lead to approximately 15% savings on energy bills. Mysa's Wi-Fi-enabled devices allow homeowners to monitor and control their home’s temperature remotely through a smartphone app, providing convenience and efficiency. Additionally, the thermostats utilize location tracking to identify and address any appliances that may be left on when the house is unoccupied. Mysa also generates detailed energy reports that inform users about their daily energy consumption and potential utility expenses. The thermostats seamlessly integrate with popular smart home platforms, including Amazon Alexa, Google Home, and Apple HomeKit, enhancing their utility and user experience.

SPARK Microsystems

Private Equity Round in 2021
SPARK Microsystems is a fabless semiconductor company developing wireless transceiver technology for ultra-low power Internet of Things applications. Its patented solutions deliver higher data rates with lower power consumption and reduced latency, extending device battery life and enabling efficient wireless operation in energy-constrained environments.

ThoughtWire

Debt Financing in 2020
ThoughtWire creates smarter spaces using ThoughtWireOS, a software platform that integrates data from people, processes, and the physical environment. It enhances hospitals, commercial buildings, and cities by enabling real-time automation, improving efficiency, safety, and user experience.

SensorUp

Series A in 2020
SensorUp is a Calgary-based company that develops and operates an Internet of Things platform for connecting devices, data, and applications. The SensorUp platform provides sensor data, analytics, and mapping APIs that enable IoT devices to interoperate with the SensorUp Cloud and with third-party web applications. The company offers an open and unified approach to interconnect IoT components across networks, allowing enterprises to aggregate data from multiple systems and transform it into actionable insights. Its Smart Cities Starter Kit focuses on air quality monitoring, while its broader platform supports movement intelligence and operational visibility for asset-heavy industries. The platform uses data analytics and artificial intelligence to rapidly collect and analyze IoT data for monitoring and decision-making, including emissions-related initiatives such as methane detection and repair to support compliance with reporting standards. SensorUp's offerings aim to improve safety, productivity, and efficiency by enabling connected workers and automated workflows across industries.

Brickeye

Series A in 2018
Brickeye is a leading construction technology company specializing in IoT-enabled job site monitoring. It offers solutions such as water mitigation, concrete monitoring, and environmental risk assessment to enhance safety, productivity, and sustainability in global construction projects.

ecobee

Series C in 2018
ecobee, Inc. is a Toronto-based company founded in 2007 that specializes in manufacturing Wi-Fi enabled smart thermostats and light automation equipment for both residential and commercial applications. The company’s product lineup includes the SmartThermostat with voice control, ecobee3 lite, SmartSensor, and ecobee Switch+, all designed to enhance energy conservation and provide customizable temperature settings. These devices allow users to manage their home or office environments remotely via a mobile application compatible with various platforms, including iOS, Android, and BlackBerry. Ecobee's offerings aim to empower consumers to monitor and reduce their energy consumption while maintaining comfort in their spaces. The company sells its products primarily through online channels.
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