Alaris
333 24th Avenue SW, Suite 250, Calgary, Alberta, T2S 3E6, Canada
Overview
Alaris is a Canadian company that provides alternative financing to a diversified range of profitable, well-managed private businesses in North America. They offer long-term equity capital to companies for whom traditional debt or private equity is not typically available or attractive, including privately held companies whose owners want to retain long-term control of their business. At Alaris, their mission is two-part: (i) Using an innovative financing structure, they provide capital to private companies ("Private Company Partners") in a manner that maximizes valuations, is tax effective, and allows existing owners of the private companies to retain full control of their businesses; (ii) in providing such capital, they generate predictable cash flows from Private Company Partners, which allows us to provide an attractive, stable yield and liquidity to investors.
- Total investments
- 1
- Lead investments
- 1
- Investments · 12mo
- 0
- Active investors
- 8
Sector focus
- Finance
- Financial Services
- Information Services
Investment portfolio
- The Wanderlust Group
Led · Series B · Oct 2020
The Wanderlust Group operates Dockwa, a marina software suite that helps marinas manage customer acquisition through operations, and owns Marinas.com, a classifieds service the company calls the “world’s #1 searchable marina directory.” Dockwa’s pricing ranges from a little over $1,000 per year up to $30,000 for larger, more complex operations. The company has signaled expansion plans beyond boating into the RV market, with customer behavior pointing the product direction and an About-page hint that an RV product could be called “Campouts.” Wanderlust’s leadership includes multiple former senior HubSpot employees, which the CEO said helped the company raise earlier $2M–$3M rounds. The startup had been on a path to profitability and was initially seeking about $7M before demand enlarged its latest raise. The company is fully remote-enabled and emphasizes a culture aimed at getting people outdoors.