VenGrowth Asset Management

VenGrowth Asset Management is a private equity venture capital firm based in Toronto, Canada. Established in 1982, the company specializes in venture capital and mezzanine investments, focusing on small and medium-sized businesses at various stages of development. With additional offices in Montreal and Ottawa, VenGrowth Asset Management was acquired by Covington Capital Corporation.

Past deals in Ottawa

Starburst Coin Machines

Venture Round in 2007
Starburst Coin Machines Inc. is a company that specializes in the manufacture, distribution, and operation of coin-operated amusement machines and bulk vending solutions. Founded in 1975 and headquartered in Toronto, Canada, the company serves markets in Canada, the United States, and internationally. Its product range includes a diverse selection of equipment such as air hockey tables, arcade games, pool tables, jukeboxes, pinball machines, and various types of vending machines. Additionally, Starburst provides game machine rentals for events such as corporate product launches, trade shows, and weddings, as well as offering equipment to the film industry for set use. The company also delivers repair services to ensure the optimal functioning of its machines. Starburst maintains additional offices in Hamilton and Ottawa, Canada, as well as locations in the United Kingdom and the United States.

Liquid Computing

Series B in 2006
Liquid Computing Corp. develops converged communications and computing platforms. It designs and develops LiquidIQ, a computing infrastructure that offers IT infrastructure and data centers management, and software-based control of servers, as well as storage and networking resources. The company was founded in 2003 and is based in Ottawa, Canada with an additional office in Stamford, Connecticut.

Neterion

Series D in 2006
Neterion, Inc. specializes in providing 10 gigabit Ethernet hardware and software solutions designed to address networking challenges. The company's flagship products include the Xframe V-NIC line of 10 Gigabit Ethernet adapters and dual port 10GbE network adapters, which facilitate high-speed connectivity for server and storage systems. These solutions are particularly beneficial for virtualizing I/O intensive applications across both legacy and future SR-IOV compliant systems. Neterion's products find applications in diverse fields such as oil and gas exploration, bioscience, genome mapping, grid computing, nanotechnology research, financial analysis, defense simulations, weather forecasting, and data mining. The company serves various industries, including data centers, oil and gas, and media and entertainment. Founded in 2001 and headquartered in Cupertino, California, Neterion also maintains an office in Ottawa, Canada.

Liquid Computing

Series A in 2005
Liquid Computing Corp. develops converged communications and computing platforms. It designs and develops LiquidIQ, a computing infrastructure that offers IT infrastructure and data centers management, and software-based control of servers, as well as storage and networking resources. The company was founded in 2003 and is based in Ottawa, Canada with an additional office in Stamford, Connecticut.

Diatem

Venture Round in 2005
Diatem Networks, based in Ottawa, Canada, specializes in developing advanced service provisioning and management systems tailored for large network operators. The company provides a range of information technology services, including cloud-based infrastructure, data center hosting, and the integration of collaboration solutions. Additionally, Diatem offers web development services, enabling clients to enhance their market competitiveness through flexible and agile network infrastructures and virtual private networks, all while maintaining cost control.

Seaway Networks

Series B in 2004
Seaway Networks is a semiconductor company based in Ottawa, Ontario, Canada, specializing in content processing silicon solutions. The company develops integrated circuit-based products, including its Network Content Processor (NCP), which facilitates layer protocol termination and content processing. Seaway Networks' technology is designed to convert packet-based traffic into contiguous streams, making it essential for various applications such as web infrastructure, network and IP security, and IP edge services.

Critical Telecom

Venture Round in 2003
Critical Telecom is a company based in Ottawa, Canada, that specializes in developing broadband enabling platforms for IP-based access networks. Founded in 1987, it focuses on providing solutions that enhance network access for users. One of its key offerings is GEmini, an Ethernet remote DSLAM designed to deliver non-blocking bandwidth, facilitating applications such as triple play and IPTV. Through its innovative services, Critical Telecom aims to improve the efficiency and reliability of broadband services, enabling seamless streaming and access to various network applications.

Neterion

Series B in 2003
Neterion, Inc. specializes in providing 10 gigabit Ethernet hardware and software solutions designed to address networking challenges. The company's flagship products include the Xframe V-NIC line of 10 Gigabit Ethernet adapters and dual port 10GbE network adapters, which facilitate high-speed connectivity for server and storage systems. These solutions are particularly beneficial for virtualizing I/O intensive applications across both legacy and future SR-IOV compliant systems. Neterion's products find applications in diverse fields such as oil and gas exploration, bioscience, genome mapping, grid computing, nanotechnology research, financial analysis, defense simulations, weather forecasting, and data mining. The company serves various industries, including data centers, oil and gas, and media and entertainment. Founded in 2001 and headquartered in Cupertino, California, Neterion also maintains an office in Ottawa, Canada.

Potentia Power Systems

Series B in 2002
An Ottowa-based fabless semiconductor company.

Neterion

Series A in 2002
Neterion, Inc. specializes in providing 10 gigabit Ethernet hardware and software solutions designed to address networking challenges. The company's flagship products include the Xframe V-NIC line of 10 Gigabit Ethernet adapters and dual port 10GbE network adapters, which facilitate high-speed connectivity for server and storage systems. These solutions are particularly beneficial for virtualizing I/O intensive applications across both legacy and future SR-IOV compliant systems. Neterion's products find applications in diverse fields such as oil and gas exploration, bioscience, genome mapping, grid computing, nanotechnology research, financial analysis, defense simulations, weather forecasting, and data mining. The company serves various industries, including data centers, oil and gas, and media and entertainment. Founded in 2001 and headquartered in Cupertino, California, Neterion also maintains an office in Ottawa, Canada.

Espial

Series C in 2001
Espial Group Inc. is a software company based in Ottawa, Canada, specializing in solutions for video service providers across North America, Europe, and the Asia Pacific. The company develops various products that facilitate the delivery of video services on multiple screens, including TVs, tablets, PCs, and mobile devices. Its key offerings include Espial Elevate, a cloud-hosted platform for managing and monetizing video experiences; Espial G4, a suite of software clients for delivering personalized viewing experiences; and the Espial Media Service and MediaBase platforms, which support the provision of television and video-on-demand services. Additionally, Espial offers installation and integration services for video service providers, as well as the Espial TV Browser, enabling web experiences on connected TVs. With over seven million devices licensed for its products worldwide, Espial serves a diverse range of markets, including cable, telecommunications, and consumer electronics. The company was founded in 1997 and operates as a subsidiary of Enghouse Systems Limited.
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