Vistara Growth

Vistara Growth, established in 2015 and headquartered in Vancouver, Canada, is a private equity and venture capital firm that specializes in providing flexible financing solutions for mid to late-stage technology companies across North America. The firm primarily focuses on sectors such as software, technology, and tech-enabled services, seeking to invest between $4 million and $25 million in companies with revenues ranging from $8 million to $200 million. Vistara Growth typically takes minority positions in its investments, utilizing a combination of debt and equity, with debt terms spanning two to four years. The firm also offers interim financing options prior to initial public offerings or exits, as well as debt refinancing and restructuring services. With an additional office in Toronto, Vistara Growth aims to enable the growth of its portfolio companies while supporting the communities in which it operates.

Chris Angelatos

Senior Associate

Jordon Boerchers

Senior Associate

Randy Garg

Founder and Managing Partner

Oren Karol

Senior Associate

Neil Kenley

Principal

Diana Mwandidya

Senior Analyst

John O'Donoghue

Director, Investments

Noah Shipman

Partner

Gaurav Singh

CFO

Tracy Zhang

Senior Associate

42 past transactions

DataCore

Venture Round in 2024
DataCore Software Corporation is an independent software vendor that specializes in storage virtualization and management solutions for information technology organizations globally. Founded in 1998 and headquartered in Fort Lauderdale, Florida, the company offers a range of products, including SANsymphony V10, which enhances IT infrastructure performance by virtualizing storage hardware, and DataCore Virtual Desktop Server, designed for virtual desktop infrastructure applications. Additionally, DataCore provides advanced solutions such as DataCore ONE, a cloud-based predictive analytics engine, and vFilO, a technology for managing and optimizing distributed data across on-premises and cloud environments. The company serves diverse industries, including aerospace, healthcare, finance, and education, and markets its offerings through authorized distributors and integration partners worldwide. DataCore has established strategic partnerships, including one with Huawei, and maintains support and training facilities in several countries, including the United States, the United Kingdom, and Japan.

Clariti

Venture Round in 2024
Clariti is a software-as-a-service (SaaS) company that offers permitting, licensing, and inspection solutions specifically designed for state and local governments. The company focuses on helping these governments digitally transform their services, significantly reducing processing times by up to 75%. By automating and streamlining operations, Clariti enables governments to enhance productivity, meet application demands, and ensure regulatory compliance. The software aims to facilitate improved service delivery to citizens while supporting community development and sustainability goals.

Integral Development Corp

Venture Round in 2024
Integral to leading the SaaS revolution. We built our cloud technology before the world knew what cloud was. Our SaaS platform, subscription-based model, and transformational transactional network are already trusted by the world’s most innovative and influential organizations – where payments, pricing, trading and investing are integral to your ambitions and success.

Algo

Venture Round in 2024
Algo develops software-as-a-service (SaaS) solutions focused on supply chain optimization. The company aims to enhance the way organizations interact with data by providing automated, data-driven workflows and actionable business insights. Its software is designed for demand and inventory planning, sales forecasting, product lifecycle management, and category optimization. By leveraging advanced technology, Algo helps retailers, distributors, and manufacturers improve their operational efficiency, increase sales, optimize inventory levels, and reduce returns. The company's approach seeks to humanize data interaction, enabling businesses to better understand supply and demand dynamics and capitalize on opportunities for growth.

Impact Analytics

Series C in 2024
Impact Analytics Inc. is a provider of business intelligence and insights, focusing on various industries including banking, media, retail, hospitality, e-commerce, pharmaceuticals, education, and consumer goods. Established in 2014 and headquartered in Linthicum, Maryland, the company delivers comprehensive data science solutions that integrate business consulting, advanced machine learning, and technology. Its offerings encompass consumer analytics, marketing analytics, pricing analytics, social media analytics, geo analytics, audience engagement, and reporting. Additionally, Impact Analytics develops iOS applications that facilitate data collection from field personnel. The organization combines expertise from former consultants and data scientists to create tools that help enterprises leverage their data effectively, optimize operations, and enhance decision-making processes.

Skytap

Venture Round in 2023
Skytap, Inc. specializes in providing cloud-based development and testing environments aimed at migrating and modernizing enterprise applications globally. The company's primary offering, Skytap Cloud, allows for self-service access to production-like environments, facilitating more frequent code testing for development and testing teams. Skytap’s platform supports organizations in transitioning to modern software delivery methods by enabling the rapid migration of traditional workloads to the cloud and fostering the adoption of agile and DevOps practices. This approach helps businesses enhance their application development efficiency and integrate new cloud architectures. Additionally, Skytap provides a range of services including cloud migration, application modernization, training, and strategic consulting. Founded in 2006 and headquartered in Seattle, Washington, Skytap also maintains locations in Toronto, Canada, and London, United Kingdom.

Nettwerk Music Group

Private Equity Round in 2023
Nettwerk Music Group Inc., based in Vancouver, Canada, operates as a record label and artist management company with additional offices in major cities such as New York, Los Angeles, and London. Founded in 1984, the company focuses on publishing and distributing music recordings across North America and Europe. Nettwerk serves as a non-traditional record label, connecting music fans with both emerging and established artists. The organization manages a diverse roster of artists, producers, and songwriters, providing essential services including project coordination, royalty tracking, and invoicing. Additionally, Nettwerk engages in music publishing and synchronizes artists' music for various media. The company also offers comprehensive services such as design, manufacturing, licensing, e-commerce, logistics, and tour consulting, enhancing the overall development and reach of its artists.

Vald

Venture Round in 2022
Vald specializes in innovative human measurement technology that serves over 1,000 elite sporting teams, clinics, universities, hospitals, and defense departments worldwide. The company focuses on developing systems for screening, monitoring, and rehabilitating musculoskeletal conditions. Its technology provides objective measurements of strength, balance, range of motion, and other movement data, which are essential for analyzing neuromuscular performance. This enables clinicians and sports professionals to better manage their clients, whether athletes or patients, and ultimately improve outcomes. Vald's product suite includes various specialized systems, such as the ForceDecks Dual Force Plate System, NordBord Hamstring Testing System, ForceFrame Strength Testing System, AirBands BFR Cuffs, and the HumanTrak Movement Analysis System.

ThreatX

Series B in 2022
ThreatX is a cybersecurity company that specializes in protecting application programming interfaces (APIs) from a variety of threats, including DDoS attacks, bot attacks, and exploitation of vulnerabilities. Its cloud-based platform offers comprehensive API protection by using advanced detection capabilities to identify malicious actors and respond dynamically to threats. The company's solutions are designed to help organizations across different industries effectively manage risks and safeguard their networks from cyberattacks. By leveraging cloud-optimized infrastructure, ThreatX provides essential tools for bot management and mitigation of distributed denial-of-service attacks, enabling businesses to maintain secure operations and communication.

Reach

Series A in 2022
Reach is a payment platform that simplifies how businesses sell cross-border. We combine dynamic checkout, intelligent routing, and Merchant of Record local acquiring to offer you the most cost-effective way to sell to global customers. Reach was established in 2015 by Sam Ranieri in Calgary, Alberta.

meQuilibrium

Venture Round in 2021
meQuilibrium provides online stress management solutions tailored for individuals and employees, focusing on enhancing resilience and well-being in the workplace. The platform is unique in its clinical validation, utilizing principles from behavioral psychology, neuroscience, and analytics to offer insights that drive meaningful change in both personal and organizational contexts. Through its assessment and benchmarking tools, meQuilibrium measures resilience and delivers personalized training programs aimed at improving adaptive capacity, agility, and emotional control among employees. This approach supports organizations in fostering a more resilient and productive workforce.

Sama

Series B in 2021
Sama is a globally recognized leader in data annotation solutions for enterprise AI models that require the highest accuracy. As an industry pioneer with 15-years of experience, Sama’s expertise and solutions are trusted by leading companies such as GM, Ford, Continental, Google, and many more. Sama specializes in image, video, language, lidar, and sensor data annotation and validation for complex machine learning algorithms. As a leader in ethical AI and as a Certified B-Corp, we’ve pioneered an impact model that harnesses the power of markets for social good, and has been proven to meaningfully improve employment and income outcomes for those with the greatest barriers to formal work. So far, helping more than 60,000 people lift themselves out of poverty.

Kentik

Series C in 2021
Kentik is a network observability company that provides a cloud-based platform for network traffic intelligence, designed to enhance visibility and analytics of network performance. Its solution enables organizations, including digital businesses, corporate IT departments, and service providers, to collect and visualize network data effectively. By leveraging big data intelligence, Kentik transforms network information into actionable insights, allowing clients to detect anomalies, optimize capacity, and improve operational efficiency. The platform facilitates real-time analytics, automates DDoS defense, and enhances the performance of applications and services, making it an essential tool for network professionals tasked with planning, managing, and troubleshooting network issues.

Kore.ai

Series C in 2021
Kore.ai, Inc. is a developer of artificial intelligence-driven chatbot solutions for enterprises, specializing in conversational and generative AI platforms. Founded in 2011 and headquartered in Orlando, Florida, the company offers no-code tools that enable organizations to design, develop, test, and manage chatbots for various applications, including banking, sales, IT help desks, and commerce. Kore.ai's platform facilitates both automated and human-assisted interactions, allowing businesses to enhance customer and employee experiences. The company supports its clients by providing the flexibility to choose the language models and infrastructure that best fit their needs. With a robust patent portfolio and recognition from industry analysts as a leader in AI innovation, Kore.ai serves over 400 Fortune 2000 companies and maintains a global presence with offices in regions such as India, the UK, and Japan.

D3 Security

Venture Round in 2021
D3 Security develops an advanced security operations platform known as Smart SOAR, which enhances the efficiency of security operations centers (SOCs) by significantly reducing alert volume and facilitating faster threat response. The platform features an automated Event Pipeline that decreases alert noise by 90%, along with an array of expert-crafted integrations and automated playbooks. This technology allows enterprise, managed security service provider (MSSP), and public sector teams to streamline their security operations, making incident response, threat hunting, and event enrichment quicker and more effective. By operationalizing security processes, D3 Security helps organizations improve the quality and speed of their investigations, ultimately making security operations more manageable and cost-effective.

Alida

Debt Financing in 2020
Alida is a provider of customer intelligence solutions that helps organizations enhance their customer experiences and drive business success. The company has developed a cloud-based platform that replaces traditional static data and reports with real-time, actionable insights into customer preferences and behaviors. This enables enterprises to build engaged communities of customers for continuous feedback and improvement. Alida supports various sectors, including security and digital services, by promoting technological innovation and assisting partners in their growth. Its commitment to understanding customer needs has attracted prominent brands, empowering them to make informed decisions and foster customer loyalty.

Kentik

Venture Round in 2020
Kentik is a network observability company that provides a cloud-based platform for network traffic intelligence, designed to enhance visibility and analytics of network performance. Its solution enables organizations, including digital businesses, corporate IT departments, and service providers, to collect and visualize network data effectively. By leveraging big data intelligence, Kentik transforms network information into actionable insights, allowing clients to detect anomalies, optimize capacity, and improve operational efficiency. The platform facilitates real-time analytics, automates DDoS defense, and enhances the performance of applications and services, making it an essential tool for network professionals tasked with planning, managing, and troubleshooting network issues.

Kurtosys

Series D in 2020
Kurtosys Systems Inc. is a company that develops digital marketing and client reporting tools tailored for asset managers in the financial sector. Established in 2002 and headquartered in Raleigh, North Carolina, with additional offices in London, Cape Town, Reno, and Gurugram, Kurtosys offers a comprehensive digital experience platform. This platform allows firms to create, manage, publish, and optimize financial data, documents, and websites within a secure and compliant framework. The company's services include fund marketing solutions such as website creation and hosting, digital factsheets, and investor servicing tools like secure portals and document distribution systems. By providing these solutions, Kurtosys enables financial advisory firms to enhance the presentation and distribution of their financial information, thereby helping them attract and retain investor assets while mitigating risks and reducing operational costs.

Kore.ai

Venture Round in 2019
Kore.ai, Inc. is a developer of artificial intelligence-driven chatbot solutions for enterprises, specializing in conversational and generative AI platforms. Founded in 2011 and headquartered in Orlando, Florida, the company offers no-code tools that enable organizations to design, develop, test, and manage chatbots for various applications, including banking, sales, IT help desks, and commerce. Kore.ai's platform facilitates both automated and human-assisted interactions, allowing businesses to enhance customer and employee experiences. The company supports its clients by providing the flexibility to choose the language models and infrastructure that best fit their needs. With a robust patent portfolio and recognition from industry analysts as a leader in AI innovation, Kore.ai serves over 400 Fortune 2000 companies and maintains a global presence with offices in regions such as India, the UK, and Japan.

BitTitan

Series B in 2019
BitTitan empowers IT service professionals to successfully deploy and manage cloud technologies through automation. While MigrationWiz® is the industry-leading SaaS solution for mailbox, document and public-folder migrations between a wide range of Sources and Destinations, MSPComplete® is an IT services automation and management platform that allows IT professionals to implement one-click automation for all of their service delivery needs. Since 2009, BitTitan has moved over 13 million users to the cloud for 36,000 customers in 187 countries and supports leading cloud ecosystems including Microsoft, Amazon, Google and Dropbox.

Vyopta

Series B in 2019
Vyopta specializes in analytics products aimed at enhancing video and web collaboration for large enterprises. The company's performance management platform focuses on monitoring, supporting, and optimizing unified collaboration networks. It delivers multivendor analytics with capabilities for both real-time and historical monitoring, providing clients with valuable insights into technology, workspaces, and user performance. By leveraging this platform, organizations can improve the quality of their collaboration efforts, boost productivity, and optimize their investments in technology and real estate.

FINCAD

Venture Round in 2019
FINCAD was acquired by Numerix in 2023. Since its founding in 1996, Numerix has been at the vanguard of financial technology, providing groundbreaking expertise, quantitative analytics, and software that redefines pricing and risk management in the financial markets. With the strategic acquisitions of Kynex and PolyPaths, Numerix has further strengthened its leadership position, empowering financial institutions worldwide to transform risk into opportunities with confidence. Numerix is headquartered in New York City with offices around the world in major financial centers which allows for immediate access to the latest trends, innovations, and thought leaders in the industry. This extensive global network enables Numerix to offer localized support and services to its diverse clientele while drawing on global insights and expertise. FINCAD was founded in 1990 by Bob Park.

Zafin

Series B in 2019
Zafin is a prominent enterprise banking software company that specializes in financial analytics solutions for banks and financial institutions. Its innovative miRevenue technology platform enables the management of dynamic products, pricing, billing, loyalty, and revenue optimization, helping clients enhance customer relationships through integrated service offerings. The company serves a diverse global clientele, including notable banks such as HSBC, Barclays, and Standard Chartered, and has garnered recognition as one of North America's leading FinTech firms. Zafin's commitment to innovation has earned it multiple accolades, including Deloitte's Technology Fast 50 award and recognition as a finalist for PWC's innovative company of the year. As Zafin continues its expansion in the U.S. market, it has recently added new clients like Bank of the West and SunTrust to its growing roster.

CoolIT Systems

Series C in 2019
CoolIT Systems works research, design, and deliver next generation cooling products that provide a comprehensive solution while exceeding high OEM standards for reliability and maintenance-free operation. This carefully designed and patented technology unleashes the full potential of a PC, providing superior cooling performance while reducing system level noise and improving reliability of vital components. CoolIT also works with the AMD engineering group to provide the Reference cooling solution for the latest high performance video cards.

You.i TV

Series C in 2018
You.i TV is a software provider that specializes in creating cross-platform video applications for the television and media industry. The company offers an enterprise development platform that enables media companies to engage their audiences more effectively. By utilizing a single codebase approach, You.i TV allows developers to build app features and implement user experience changes just once, which can then be deployed across multiple devices, including mobile phones, tablets, game consoles, streaming devices, and Smart TVs. This method not only saves time and accelerates delivery but also empowers designers and developers to craft unique app experiences tailored to different platforms.

Backstop Solutions Group

Venture Round in 2018
Backstop's mission is to help professionals in the institutional investment industry use the time to its fullest potential. We develop technology to simplify and streamline otherwise time-consuming tasks and processes, enabling our clients to quickly and easily access, share, and manage the knowledge that is critical to their day-to-day business success. Backstop provides its industry-leading cloud-based productivity suite to investment consultants, pensions, funds of funds, family offices, endowments, foundations, private equity, hedge funds, and real estate investment firms.

Blueprint Software Systems

Venture Round in 2017
Blueprint provides industry-leading software solutions that help large organizations build better business applications. Our products – Blueprint Storyteller and Blueprint Regulatory Compliance Manager – resolve many of the time-consuming, costly, and error- prone functions that challenge IT organizations. Our products sit at the front of the toolchain, ensuring alignment of business and IT stakeholders. We’ve created closed loop solutions that drive innovation and collaboration, ensure regulatory compliance, and protect the business value of products from definition to delivery. More than half of all Fortune 100 companies across the globe have chosen Blueprint to automate their most complex digital transformation challenges. For more information, please visit http://www.blueprintsys.com/.

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.

InvestEdge

Debt Financing in 2017
InvestEdge partners with progressive leaders of investment firms who advise and serve prosperous individuals and families. Their sole focus is the delivery of innovative thinking and proven wealth management technology to help you grow your business and deliver the ultimate client experience. Today, dozens of the world's leading advisors rely on InvestEdge for managing, measuring and reporting on the assets of high net worth and ultra-high net worth clients. Their talented, knowledgeable and dedicated team-combined with their patented wealth management solutions-enables you to focus on what matters most: Building stronger, deeper and more profitable relationships with your clients. Since inception in 2000, InvestEdge has steadily grown into the premier provider of wealth management solutions by helping firms:

Zafin

Debt Financing in 2016
Zafin is a prominent enterprise banking software company that specializes in financial analytics solutions for banks and financial institutions. Its innovative miRevenue technology platform enables the management of dynamic products, pricing, billing, loyalty, and revenue optimization, helping clients enhance customer relationships through integrated service offerings. The company serves a diverse global clientele, including notable banks such as HSBC, Barclays, and Standard Chartered, and has garnered recognition as one of North America's leading FinTech firms. Zafin's commitment to innovation has earned it multiple accolades, including Deloitte's Technology Fast 50 award and recognition as a finalist for PWC's innovative company of the year. As Zafin continues its expansion in the U.S. market, it has recently added new clients like Bank of the West and SunTrust to its growing roster.

Getaround

Debt Financing in 2016
Getaround, Inc. is an online marketplace that facilitates peer-to-peer car sharing and local car rentals, allowing users to rent cars by the hour or day through its app. Founded in 2009 and based in San Francisco, California, the company operates in several cities across the United States, including San Francisco, San Diego, Chicago, and Washington, D.C. Getaround’s platform utilizes patented technology to provide a contactless experience, eliminating the need for traditional rental procedures such as waiting in line or meeting car owners. Users can choose from a variety of vehicles, including luxury cars and trucks, while benefiting from included insurance and 24/7 roadside assistance. This model not only offers convenience but also helps car owners earn extra income, thereby reducing the cost of car ownership and promoting environmental sustainability.

You.i TV

Series B in 2016
You.i TV is a software provider that specializes in creating cross-platform video applications for the television and media industry. The company offers an enterprise development platform that enables media companies to engage their audiences more effectively. By utilizing a single codebase approach, You.i TV allows developers to build app features and implement user experience changes just once, which can then be deployed across multiple devices, including mobile phones, tablets, game consoles, streaming devices, and Smart TVs. This method not only saves time and accelerates delivery but also empowers designers and developers to craft unique app experiences tailored to different platforms.

Syscon Justice Systems

Debt Financing in 2016
Syscon Justice Systems Ltd. provides offender and case management software solutions for the corrections industry. Its solutions include offender management and jail management systems, offender financials, medical records, assessments, community case management, and business intelligence. Syscon Justice Systems Ltd. provides solutions for the management of incarcerated inmates in a jail or prison, as well as for the management of offenders in community supervision situations, such as parole and probation. The company provides financial applications to manage trust accounts, commissary operations, inmate payrolls, debts, fees, and restitution payments; corrections-specific electronic health records application; and recidivism assessment tools. Its customers include jails, prisons, probation, and parole bases. The company was founded in 1980 and is based in Richmond, Canada with additional offices in Vancouver and Toronto, Canada; Folsom, California; London, the United Kingdom; and Sydney, Australia. As of June 29, 2007, Syscon Justice Systems Ltd. is a subsidiary of SECURUS Technologies, Inc.

GuestLogix

Post in 2015
Guestlogix is a Travel Commerce company whose platform enables airlines to significantly increase ancillary revenues while improving traveler satisfaction across their entire journey. Powered by AI and machine learning, the Guestlogix platform incorporates digital concierge services into an airline's mobile channels, delivering highly relevant, personalized information and offers to travelers. With an extensive marketplace of bookable content, ancillary revenue teams can offer the products and services travelers are looking for at every phase of their journey, from planning through to the end of their trip. Guestlogix works with some of the most innovative airlines in the world including Southwest, Westjet, KLM, FlyDubai, and Alaska Airlines, transforming how they provide value to their passengers while empowering them to become better retailers. Visit www.guestlogix.com for more information.
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