
BEST Funds
120 Adelaide Street West, Suite 2500, Toronto, Ontario, M5H 1T1, Canada
Overview
Since 1996, BEST Funds has been a leading Canadian venture capital firm, managing Retail VC Funds as well as Private Funds.
- Total investments
- 9
- Lead investments
- 8
- Investments · 12mo
- 0
- Active investors
- 4
Sector focus
- Finance
- Financial Services
- Venture Capital
Investment portfolio
- Zone·tv
Led · Seed · Nov 2015
ZoneTV builds an advanced platform that brings digital content and personalized, dynamic TV experiences to Pay TV operators and viewers, combining traditional Pay TV and OTT approaches. The company has been a long-standing player in the TV apps market and works with top-tier distribution partners to reach millions of TV households. Its business model leverages existing billing and marketing resources of Pay TV operators to generate advertising and subscription revenue-share opportunities. ZoneTV says it is focused on delivering high-value entertainment experiences aimed particularly at Millennials and other underserved audiences. Management cited a new office in Silicon Beach and a history of working effectively with leading Pay TV operators as part of its growth strategy. The company is headquartered in Santa Monica, Calif.
- GroupBy
Led · Equity · Jul 2015
GroupBy offers a relevancy-focused eCommerce platform (Searchandiser) addressing site search, product recommendations, personalization, SEO, SEM and scale. The platform includes features for data enrichment, search, navigation, merchandising, search engine optimization (SEO) and search-as-you-type (SAYT). Founded in 2014 and headquartered in Toronto, the company supports many leading online retailers and brands and reports an extensive and growing customer base. GroupBy accelerated growth in 2017 and early 2018 and until this round had been bootstrapped. The company plans to use the financing to further develop product innovation, expand industry partnerships, and grow its global reach to meet increasing demand. Leadership emphasizes customer focus and a measured growth approach centered on people, product and profits. GroupBy is a Toronto-based ecommerce technology company that provides commerce, media, and knowledge management software solutions. Its platform helps companies create more relevant user experiences through search, navigation, merchandising, search engine optimization (SEO) and search-as-you-type (SAYT) features. Led by Managing Director & CEO Roland Gossage, the company targets both B2C and B2B ecommerce markets. GroupBy has offices in Canada, the United States, China and Trinidad & Tobago. The company raised $3M in funding to accelerate sales growth and expand research and development efforts in ecommerce technologies.
- Dejero
Led · Equity · May 2014
Dejero aggregates diverse connectivity paths — including LTE and 5G cellular, satellite and broadband — using cloud-based technology to deliver enhanced reliability, expanded coverage and greater bandwidth. Its core offering blends multiple links into a managed service to improve connection resilience and capacity for users. The company recently secured a $13 million term loan commitment from Runway Growth Capital, which provides growth capital as an alternative to raising equity. Runway tailored the loan to Dejero and welcomed the company back to its portfolio, signaling continued support. Dejero’s CFO said the growth loan will infuse incremental capital to help the company grow, diversify its suite of products and services, and make them more readily available to companies who can benefit from network aggregation. Runway stated it sees Dejero as having potential to be a critical player in the future of 5G and cloud connectivity. Founded in 2008 and based in Waterloo, Dejero builds cloud-based software and hardware that aggregates LTE, 5G cellular, satellite, and broadband into a virtual "network of networks" to support mission-critical live video transport and real-time data transfer. Its customers include broadcasters, production companies, businesses, public safety organizations, and government agencies. Dejero plans to use the new funding to expand its live video and real-time data solutions in global markets. The company operates offices in the United States and the United Kingdom and maintains a global distribution network. According to Crunchbase, Dejero has raised $59.5 million to date. Dejero combines IP networks—cellular, Ku-band satellite and other IP links—into cloud-managed solutions to transport high-throughput, low-latency video and provide Internet connectivity while mobile or in remote locations. Its solutions are used by news organizations to report live from around the world and to provide Internet connectivity in remote locations. With global partners the company supplies equipment, software, connectivity services, cloud services and support to deliver required uptime and bandwidth. Dejero collaborates with Intelsat on the Dejero CellSat solution, which intelligently combines cellular connectivity from multiple mobile network providers with Ku-band satellite connectivity. The company intends to use the financing to accelerate its product development roadmap and to expand globally into the broadcast and media market. Dejero is led by CEO Bruce Anderson and is headquartered in Waterloo, Ontario, Canada. Dejero Labs develops cloud-managed solutions that simplify the transport of live video and real-time data across remote or mobile IP networks. Its LIVE+ cloud-based platform manages and bonds wired and wireless network connections to deliver broadcast-quality live video from virtually anywhere, paired with portable IP newsgathering equipment. The company serves broadcasters, media organizations, and mobile production companies and counts major North American networks as customers, including ABC, CBC, CBS, CTV/Bell Media, Fox, NBC and Rogers Media. Dejero’s equipment is positioned as a cost-effective, faster alternative to microwave or satellite trucks, enabling rapid coverage of breaking news and international events such as the Olympics. The $14 million growth financing from Wellington Financial will support continued innovation and expansion beyond news reporting into broader live broadcast media and entertainment. Dejero has been recognized on Deloitte’s Technology Fast 50 (ranked 37th in 2016), reflecting its continued growth and technological distinction. Dejero develops bonded wireless transmission solutions for the broadcasting industry from its base in Waterloo, Ontario. The company produces centrally managed LIVE+ platforms that allow video journalists to record and transmit live from the scene using wireless uplink solutions. Its technology includes a patent-pending Intelligent Connection Management system. Led by CEO Brian Cram, Dejero targets broadcasters and field video journalists with its products. The company said it will use new funding to extend sales growth and continue developing broadcasting technologies. In April 2014 Dejero raised $4.5M to support those efforts.
- XipLink, Inc.
Led · Equity · Feb 2014
XipLink is a Montreal, Canada-based provider of wireless bandwidth optimization products. Founded in 2007 and led by president and CEO Jack Waters, the company develops applications and embedded software sold worldwide. Its products enable operators and users to optimize available wireless bandwidth for maximum data. The company received a $1.5M investment from BEST Funds. It intends to use the funds to expand sales, marketing and product development efforts.
- PitchPoint Solutions
Led · Equity · Feb 2014
Pitchpoint Solutions offers a comprehensive suite of fraud prevention, data and analytics services that help lenders and screening firms detect and mitigate fraud risk early across mortgage, background and tenant screening, and anti-money laundering. Its platform enables creditors to instantly validate loan application data, reduce the risk of approving fraudulent applications, and ensure compliance with investor guidelines and mandatory fraud-prevention regulations. The company serves customers across the U.S. and emphasizes business process compliance across organizations. Pitchpoint positions itself as a premier solution provider focused on delivering best-in-class software, services, and data-driven insights. Management says the product will continue to evolve to support creditors of all types across the U.S., and the company plans to use external funding to support growth. PitchPoint Solutions builds enterprise and market web-based automation solutions for businesses in the financial sector. Its flagship product, PitchPoint Promptu, is an on-demand platform with powerful web tools and a system-to-system interface to streamline data entry and import loan files. Using Promptu, clients can validate data across billions of public records from leading national databases. The company also develops custom solutions tailored to client needs. PitchPoint says it will use new capital to advance sales and marketing efforts and to continue pursuing technology developments. The company recently received a funding commitment that supports its near-term growth plans.