Participated · Seed · Jul 2026

GroundedAI develops an AI platform aimed at tackling the complexity of underground infrastructure and related engineering challenges. The company’s founders include Shelby Yee and Stuart Bourne, who were highlighted in the funding announcement. Public commentary around the company situates its work against the $200B+ annual global spend on underground infrastructure and compares cost inefficiencies like NYC’s subway build costs. The platform is presented as designed to meet the complexity of those systems, though specific product details and metrics were not disclosed. GroundedAI recently raised a $2M Seed round announced with BoxOne Ventures and several participating investors.

Participated · Equity · May 2026

Boost Security builds an AI-native platform to secure the software development lifecycle by unifying developer endpoint protection, software supply chain security, and AI-native application security posture management. The platform defends AI workspaces, blocks supply chain threats before ingestion, and auto-remediates vulnerable code to enable faster release cycles. The company recently acquired SecureIQx for its SCA reachability engine and Korbit.ai for AI-based pull request review capabilities, expanding reachability analysis and AI-native SAST in its stack. Boost raised $4 million in additional funding from White Star Capital, Amiral Ventures, Accelia Capital, and Sorensen Capital to support continued product development. The company is headquartered in Montreal and is positioning itself as a leader in securing code produced and reviewed by AI at machine speed.

Participated · Seed · Feb 2026

Velix develops a financial operations platform that streamlines freight and parcel reconciliation, customer billing, and dispute resolution for logistics and supply-chain operators. By replacing spreadsheets, email, paper invoices, and disconnected legacy systems, the software helps 3PLs and other logistics firms reduce margin leakage and accelerate cash collection. The company positions itself at the intersection of logistics operations and finance, an area it claims has been largely overlooked despite increasing supply-chain complexity and volume. Velix’s single-system approach enables finance and operations teams to collaborate more efficiently across fragmented networks. The startup plans to use its new capital to expand its team, enhance product capabilities, and ramp up go-to-market efforts across additional customer segments and geographies. Advisor Nicholas Richards, co-founder of ShipHero, brings sector expertise to guide product and market strategy. Velix is betting that modernizing the financial layer of logistics will become as critical as optimizing the physical movement of goods.

Led · Seed · Nov 2025

Glowtify offers an AI-driven marketing workspace that leverages more than 2 billion data points to deliver personalized campaign recommendations and automated content generation for e-commerce brands. The platform unifies social, email, SEO, and advertising workflows, ensuring consistent brand execution across all channels. Glowtify’s technology is positioned as the nucleus of what it calls an “agentic work platform,” where autonomous AI agents execute marketing tasks and share brand context seamlessly. Headquartered in Montreal, the company intends to use its newly raised capital to expand its AI engineering and go-to-market teams. It also plans to grow its footprint across Canada and the United States and to deepen the capabilities of its AI-powered marketing suite. The seed financing brings the company’s total known funding to CAD $3.4 million.

Participated · Seed · Jan 2025

Cinareo is a Toronto-based data analytics company that leverages AI to help capacity planners move beyond spreadsheet-based solutions. Its platform is used for short- and long-term planning, financial analysis, and recruitment and training in contact centers. Founded by Karen Elliott and Dr. Mark Alpern, Cinareo focuses on improving operational efficiency and reducing planning errors. In January 2025 the company raised $1M in pre-seed funding led by BDC’s Seed Venture Fund. The proceeds will be used to build on its product and technology roadmap. Cinareo's AI-driven approach targets common spreadsheet-driven inefficiencies in contact center workforce planning.