Panache Ventures

Panache Ventures, Inc. is a venture capital firm founded in March 2018 and based in Calgary, Canada, with additional offices in Montreal, Vancouver, Toronto, and San Francisco. The firm specializes in pre-seed and seed-stage investments, focusing on sectors that leverage Canada's strengths, including artificial intelligence, cybersecurity, blockchain, virtual reality, fintech, digital health, enterprise software, and data analytics. Panache Ventures aims to support innovative startups in these emerging fields, primarily within Canada.

Tim Kwok

Analyst

Prashant Matta

Partner

Chris Neumann

Partner

Past deals in Canada

HyperComply

Seed Round in 2022
HyperComply Inc. is a Canadian company founded in 2019 that operates an online platform designed to streamline the process of completing client security questionnaires. The platform provides procurement teams with the ability to send and track questionnaires at no cost, while also ensuring that sales teams can respond within a guaranteed timeframe of one day. HyperComply's software simplifies third-party risk evaluation and management by offering features such as spreadsheet management, file sharing, web forms, and reference security documentation. This allows both vendors and purchasers to navigate the complexities of security questionnaires with greater ease and efficiency.

Mayday

Seed Round in 2022
Mayday Labs Inc. is a Toronto-based company that specializes in designing and developing wellness and productivity software solutions. Founded in 2018, the company focuses on creating an AI-assisted scheduling tool that helps users organize and optimize their time effectively. This tool analyzes how time is allocated across various activities and offers calendar management features, including automatic travel time scheduling. By providing personalized assistance and recommendations for daily time management, Mayday Labs aims to enhance productivity and adapt to changing schedules, enabling users to manage their time more efficiently.

Forma.AI

Series A in 2021
Forma.ai is a Toronto-based company founded in 2016 that specializes in a data-driven sales compensation platform. This solution allows organizations to design, implement, and optimize their sales compensation strategies effectively. By leveraging artificial intelligence, Forma.ai's software administers and monitors sales incentives in real-time, tracking individual performance and aligning with strategic business objectives. This approach enhances organizational agility and motivates sales teams, ultimately driving better customer interactions and higher performance levels. With teams operating across Canada and the United States, Forma.ai aims to provide businesses with a comprehensive tool for managing compensation processes efficiently.

Snack App

Pre Seed Round in 2021
Snack App is a video-first dating app that combines the matching algorithms of a dating platform with the ability to flirt-stream life in real-time. The company was founded by Kimberly Kaplan and is based in Vancouver, British Columbia, Canada.

Wize

Venture Round in 2021
Wize is an online education platform designed for university students in Canada, providing instant access to high-quality exam preparation resources. The platform features course-specific video tutorials, practice problems, and expert tutoring, allowing students to learn at their own pace and from any location. With a focus on reducing the time and stress associated with studying, Wize offers comprehensive study tools, including bite-sized videos and easy-to-understand notes that cover essential concepts. This tailored approach helps students enhance their understanding of course material, whether they are seeking to catch up, get ahead, or delve deeper into challenging topics. Through its innovative offerings, Wize aims to support students in achieving their academic goals more efficiently and affordably.

Qohash

Series A in 2021
Qohash Inc. is a Quebec City-based company that specializes in data security solutions through its online platform, Qostodian. Founded in 2018, Qohash offers a comprehensive suite of services that includes data discovery, integrity assurance, and threat detection and reporting. The platform is designed to help organizations monitor employee behavior and mitigate the risk of insider data breaches, which often take significant time to contain. By providing real-time alerts for risky activities, Qohash empowers businesses to act swiftly to prevent potential data breaches. Additionally, the platform supports compliance efforts by enabling entitlement reviews, exporting access control lists, and monitoring endpoints, making it suitable for sectors that require stringent data protection measures.

Swyft

Seed Round in 2020
Swyft is a B2B marketplace offering same-day delivery for brands and retailers. It enables carriers to digitize or automate a good deal of what they’re traditionally doing by hand. Ship via Swyft and gain unified bills, digital PODs, real-time track and trace, branded customer notifications, SMS updates, and more. Swyft converts more shoppers at checkout and delights them with reliable and affordable same-day delivery. Swyft was founded in 2020 and is based in Toronto, Canada.

Lilia

Seed Round in 2020
Lilia is a fertility support company that offers comprehensive services to women, focusing on egg freezing and family planning. Founded in 2019, Lilia provides a home-based diagnostic test for fertility hormone assessment and operates a resource hub that connects prospective parents with fertility specialists. The company's concierge service assists individuals in navigating their fertility options, providing well-researched data related to egg count, menopause timing, and age to inform decisions. By offering low-cost fertility management services, Lilia aims to empower busy individuals who wish to preserve their options for parenthood later in life. Headquartered in Toronto, Canada, Lilia serves clients primarily in San Francisco, California.

Communo

Seed Round in 2020
Communo is a curated network that connects creative entrepreneurs and marketing agencies through a sharing economy platform. Founded in 2017 and headquartered in Calgary, Alberta, the company facilitates collaboration among freelancers in the marketing and advertising sectors, offering a marketplace where agencies and businesses can find talent and resources. Communo focuses on various services, including design, video production, and strategic marketing, providing a cost-effective alternative to traditional advertising agencies. By optimizing clients' online presence to enhance brand awareness and search visibility, Communo helps increase organic traffic and fosters ongoing engagement for freelancers, ultimately benefiting all participants in the marketplace.

Roost

Pre Seed Round in 2019
Making renting better

Mayday

Pre Seed Round in 2019
Mayday Labs Inc. is a Toronto-based company that specializes in designing and developing wellness and productivity software solutions. Founded in 2018, the company focuses on creating an AI-assisted scheduling tool that helps users organize and optimize their time effectively. This tool analyzes how time is allocated across various activities and offers calendar management features, including automatic travel time scheduling. By providing personalized assistance and recommendations for daily time management, Mayday Labs aims to enhance productivity and adapt to changing schedules, enabling users to manage their time more efficiently.

Wolf and Grizzly

Seed Round in 2019
Wolf and Grizzly is a Canadian company based in Kitchener, established in 2017, that specializes in designing and manufacturing outdoor products for adventurous activities. The company offers a range of products including grill kits, campfire sets, fire starter kits, wilderness gloves, cooking sets, cast-iron Dutch ovens, and hammocks. Wolf and Grizzly sells its products primarily through online channels, catering to customers in the United States and Canada. The company employs advanced product design techniques to create tools that enhance the outdoor experience for travelers and adventurers.

Beatdapp

Seed Round in 2019
BeatDapp is a technology company that specializes in music streaming software aimed at eliminating streaming fraud and ensuring fair compensation for artists. Founded in 2018 and headquartered in Vancouver, British Columbia, with additional offices in Los Angeles and Toronto, BeatDapp provides a SaaS-based platform that allows music labels and artists to accurately track their songs and collect royalties. Its innovative tracking system authenticates and validates media streamed in real-time, reducing discrepancies between Digital Service Providers and rights holders. This capability not only enhances royalty revenue for rights holders but also mitigates legal risks associated with royalty disputes. With a team of industry and technology veterans, BeatDapp is positioned to revolutionize the music industry by delivering transparent streaming data to a rapidly growing market of paid consumers.

InVivo AI

Pre Seed Round in 2019
InVivo AI, founded in 2017 and based in Montreal, Canada, specializes in utilizing artificial intelligence to enhance pharmaceutical research and development, particularly in the area of preclinical toxicology. The company aims to streamline the drug discovery process by implementing advanced AI methods for molecular representation and de novo design, which allows for the creation of novel chemical compounds that can address complex biological challenges. Through its innovative platform, InVivo AI is positioned to significantly improve the efficiency and effectiveness of drug design, paving the way for breakthroughs in pharmaceutical science.

CoLab Software

Seed Round in 2019
CoLab Software Inc. is a Canadian company based in St. John's that specializes in developing Gradient, a cloud-based platform designed for issue tracking and management aimed at mechanical design teams. Founded in 2017, the platform facilitates the viewing of 3D files, gathering feedback from stakeholders, and tracking project issues within a shared cloud environment. By providing real-time collaboration tools, CoLab's solution helps manufacturing teams enhance productivity, reduce communication-related project delays, and ultimately shorten development cycles while minimizing manufacturing defects.

Kora

Seed Round in 2019
Kora is a pan-African payment infrastructure company headquartered in Canada, with additional offices in Nigeria and the United Kingdom. The company specializes in facilitating pay-ins and payouts for local and global businesses across various payment channels in Africa. Kora's platform utilizes blockchain technology to provide an efficient cross-border payments solution, which aims to reduce the costs associated with remittances. By enabling individuals and businesses to receive payments from anywhere in the world, Kora contributes to enhancing the accessibility and affordability of financial transactions across the continent.

Lilia

Pre Seed Round in 2019
Lilia is a fertility support company that offers comprehensive services to women, focusing on egg freezing and family planning. Founded in 2019, Lilia provides a home-based diagnostic test for fertility hormone assessment and operates a resource hub that connects prospective parents with fertility specialists. The company's concierge service assists individuals in navigating their fertility options, providing well-researched data related to egg count, menopause timing, and age to inform decisions. By offering low-cost fertility management services, Lilia aims to empower busy individuals who wish to preserve their options for parenthood later in life. Headquartered in Toronto, Canada, Lilia serves clients primarily in San Francisco, California.

StreamingFast

Seed Round in 2019
StreamingFast is a Montreal-based technology company founded in 2018, specializing in open-source software for processing and indexing blockchain data. The organization was established by a team of experienced tech entrepreneurs with extensive knowledge in large-scale data science. Its flagship product, the Firehose, offers a files-based and streaming-first approach, facilitating high-performance indexing on high-throughput blockchain networks. By focusing on scalability and efficiency, StreamingFast addresses the growing demand for effective data management within the blockchain sector.

Livescale

Pre Seed Round in 2019
Livescale is a live shopping platform based in Montreal, Canada, founded by Virgile Ollivier. The company specializes in enhancing audience engagement and sales conversion for e-commerce businesses through its innovative technology. Livescale enables brands to create immersive and seamless shopping experiences by utilizing shoppable live video. This approach not only fosters community building but also allows businesses to manage the entire shopping experience in-house. With features like integrated checkout and comprehensive client resources, Livescale stands out in the global market, providing brands with the tools needed to optimize revenue, expand market reach, and improve client relations.

CYBERNETIQ

Seed Round in 2019
CYBERNETIQ, INC. is a cybersecurity software company based in Ottawa, Canada, established in 2009. The company specializes in its product, the Control Layer Assessment Workstation (CLAW), which is designed to enhance network security by identifying and quantifying vulnerabilities within users' networks and systems. CLAW enables the monitoring and detection of security events, facilitating a proactive response to potential threats. The platform offers a comprehensive view of the network landscape, allowing users to visualize and manage their attack surface effectively. By integrating various cybersecurity applications and tools, CLAW aims to provide actionable insights for enhancing security measures and maintaining a strong defense against advanced threats.

Qohash

Seed Round in 2019
Qohash Inc. is a Quebec City-based company that specializes in data security solutions through its online platform, Qostodian. Founded in 2018, Qohash offers a comprehensive suite of services that includes data discovery, integrity assurance, and threat detection and reporting. The platform is designed to help organizations monitor employee behavior and mitigate the risk of insider data breaches, which often take significant time to contain. By providing real-time alerts for risky activities, Qohash empowers businesses to act swiftly to prevent potential data breaches. Additionally, the platform supports compliance efforts by enabling entitlement reviews, exporting access control lists, and monitoring endpoints, making it suitable for sectors that require stringent data protection measures.

HyperComply

Pre Seed Round in 2019
HyperComply Inc. is a Canadian company founded in 2019 that operates an online platform designed to streamline the process of completing client security questionnaires. The platform provides procurement teams with the ability to send and track questionnaires at no cost, while also ensuring that sales teams can respond within a guaranteed timeframe of one day. HyperComply's software simplifies third-party risk evaluation and management by offering features such as spreadsheet management, file sharing, web forms, and reference security documentation. This allows both vendors and purchasers to navigate the complexities of security questionnaires with greater ease and efficiency.

reDock

Seed Round in 2019
reDock Inc. specializes in software that enhances the efficiency of responding to Requests for Proposals (RFPs) through the use of artificial intelligence. Founded in 2016 and based in Ottawa, Canada, reDock's software streamlines the proposal development process by managing corporate documents, resumes, and compliance requirements. The system features dynamic templates, a reporting dashboard, integrated spell checks, and tools for contract management and requirement matching. It is designed to help IT consulting, IT staffing, and management consulting firms in North America prepare compliant and competitive proposals significantly faster, allowing proposal development teams to focus on the most critical aspects of RFP responses. By automating various tasks, reDock aims to alleviate the workload of proposal teams, enabling them to work more efficiently and effectively.

MedStack

Seed Round in 2019
MedStack, Inc. is a Canadian company based in Toronto that operates an end-to-end cloud developer platform specifically designed for healthcare applications. Founded in 2015, the platform provides developers with tools to address critical challenges in data privacy, security, and interoperability. MedStack offers a comprehensive solution that combines automated cloud data security with pre-written compliance policies aligned with industry standards such as HIPAA and ISO 27001. This approach reduces the time and cost of developing integrated, patient-centric healthcare applications by 60%. The platform has gained recognition for its effectiveness, being integrated by numerous digital health companies and endorsed by prestigious healthcare institutions like Cedars-Sinai and the NHS. Its capabilities include a standards-oriented cloud database and healthcare workflow building blocks that facilitate compliance and streamline system integration, enabling developers to build, launch, and scale compliant applications efficiently.

Sanctuary Cognitive Systems Corporation

Seed Round in 2018
Sanctuary Cognitive Systems Corporation (aka "Sanctuary AI") is a mission-driven company focused on developing human-like intelligence in general-purpose robots. The company was founded in 2018 and is headquartered in Vancouver, British Columbia. Sanctuary AI has built a humanoid general-purpose robot powered by Carbon™, a pioneering AI control system, and designed for work.

MobSquad

Venture Round in 2018
MobSquad is a global talent service company that addresses the shortage of software engineers faced by U.S. tech firms. By providing full-time remote technical talent from Canada, MobSquad enables start-ups to overcome the challenges associated with hiring skilled engineers. The company manages the entire administrative process, offering support in areas such as immigration, resettlement, payroll, legal, tax, human resources, real estate, benefits administration, and accounting. This comprehensive approach ensures that software engineers with visa challenges can continue working with their current employers, allowing companies to retain essential technology talent while accessing a broader global talent pool to facilitate business growth.

Wize

Seed Round in 2018
Wize is an online education platform designed for university students in Canada, providing instant access to high-quality exam preparation resources. The platform features course-specific video tutorials, practice problems, and expert tutoring, allowing students to learn at their own pace and from any location. With a focus on reducing the time and stress associated with studying, Wize offers comprehensive study tools, including bite-sized videos and easy-to-understand notes that cover essential concepts. This tailored approach helps students enhance their understanding of course material, whether they are seeking to catch up, get ahead, or delve deeper into challenging topics. Through its innovative offerings, Wize aims to support students in achieving their academic goals more efficiently and affordably.

FleetOps

Seed Round in 2018
FleetOps, founded in 2014 and based in Toronto, Canada, operates a freight marketplace that connects brokers and shippers with truck drivers. The company has developed an application that automates the allocation of loads to drivers by utilizing data from telematics providers. This data offers insights into truck locations, typical routes, idle times, and driver behavior, which are analyzed through artificial intelligence and machine learning algorithms to determine optimal load assignments. FleetOps also provides a dashboard for trucking dispatchers, allowing them to monitor logistics and track freight movement efficiently. By integrating these capabilities, FleetOps aims to streamline the trucking operation process and enhance overall efficiency for its clients.

Communo

Pre Seed Round in 2018
Communo is a curated network that connects creative entrepreneurs and marketing agencies through a sharing economy platform. Founded in 2017 and headquartered in Calgary, Alberta, the company facilitates collaboration among freelancers in the marketing and advertising sectors, offering a marketplace where agencies and businesses can find talent and resources. Communo focuses on various services, including design, video production, and strategic marketing, providing a cost-effective alternative to traditional advertising agencies. By optimizing clients' online presence to enhance brand awareness and search visibility, Communo helps increase organic traffic and fosters ongoing engagement for freelancers, ultimately benefiting all participants in the marketplace.

CoLab Software

Pre Seed Round in 2018
CoLab Software Inc. is a Canadian company based in St. John's that specializes in developing Gradient, a cloud-based platform designed for issue tracking and management aimed at mechanical design teams. Founded in 2017, the platform facilitates the viewing of 3D files, gathering feedback from stakeholders, and tracking project issues within a shared cloud environment. By providing real-time collaboration tools, CoLab's solution helps manufacturing teams enhance productivity, reduce communication-related project delays, and ultimately shorten development cycles while minimizing manufacturing defects.

Dooly

Seed Round in 2018
Dooly Research Ltd. is a Canadian company based in Vancouver that specializes in artificial intelligence-driven software designed to enhance the efficiency of sales teams. Founded in 2015, Dooly's platform automates the customer relationship management process by collecting and sharing essential customer information from meetings and conversations. This software facilitates the organization and updating of workflow systems in real-time, allowing users to manage notes, tasks, and learnings more effectively. By bridging the gap between note-taking and information sharing, Dooly enables sales teams to minimize administrative burdens and concentrate on core business activities, ultimately optimizing their performance and productivity.

Wisk Solutions

Pre Seed Round in 2016
Wisk Solutions Inc. is a Toronto-based company that specializes in developing software for the management of alcoholic operations. The software facilitates inventory management, consumption analysis, product pricing, and the optimization of purchase orders. Catering primarily to the hospitality industry, its clientele includes hotels, clubs, restaurants, and bars. Founded in 2014, Wisk Solutions aims to enhance operational efficiency by reducing the time spent on inventory counting and data compilation.
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