Led · Series C · Oct 2025

Felix Health delivers telehealth services that enable Canadians to obtain consultations and prescriptions for birth control, PrEP, weight loss, hair loss, erectile dysfunction, skin care, menopause, anxiety, and other mental-health needs. The company recently broadened its scope with Felix Longevity, a preventive wellness program that analyzes more than 35 biomarkers related to metabolic, vitamin, and thyroid health. Management plans to deepen its preventive-care and testing offerings and to scale its weight-loss platform ahead of expected generic GLP-1 availability in Canada by 2026. Felix reported a $150 million revenue run rate in its current fiscal year, reflecting 80% year-over-year growth. Earlier financing of C$18 million in 2023 funded the launch of more complex care categories and therapeutic services. The new capital allows Felix to continue hiring and to expand its holistic, patient-centered virtual care experience.

Participated · Series B · Apr 2023

Felix operates a digital-first, end-to-end platform that connects Canadians with healthcare practitioners via text, audio, and video and delivers prescriptions and tests discreetly to patients’ doors. The company treats conditions including erectile dysfunction, weight loss, hair loss, HIV prevention, acne, and birth control and supports ongoing follow-ups. Launched in 2019, Felix says it is Canada’s first end-to-end on-demand treatment platform and emphasizes accessibility for patients who lack timely in-person care. Felix plans to expand into new, more complex care categories and launch additional therapeutic services in 2023, backed by investments in technology, operations, and its team. Financially, Felix completed a Series B raise of CDN $18 million to accelerate growth. Operational metrics in the article cite over 540,000 registered users, more than 200% year-over-year growth since launch, and that 40% of patients are seeking an initial prescription for their health concern. Felix has launched a digital health platform that lets users request diagnoses via an online quiz, have a licensed Canadian doctor review their medical history and symptoms, and chat through a secure messaging system. Doctors can issue prescriptions that are filled and shipped by an accredited pharmacy with discreet packaging and an option for recurring delivery, typically within two days. The platform does not require appointments and does not rely exclusively on phone or video consultations. Current treatment areas include birth control, hair loss, and acne, with planned expansion into aging, wrinkles, cold sores, herpes, HIV prevention, HSDD, and smoking cessation. The company raised $750,000 in a seed financing in March to hire key staff, enhance the platform, and expand services across Canada. Felix is positioning the raise as a bridge to a Series A targeted for the second half of its 2019 fiscal year.

Led · Equity · Jul 2022

ProcedureFlow provides a visual, easily updatable platform for creating, organizing, sharing, and tracking organizational procedures to serve as a single source of truth for company processes. The software is designed to simplify how employees navigate workflows, accelerate proficiency, and improve onboarding and training outcomes. ProcedureFlow’s format emphasizes highly consumable, visual process flows that can be updated end-to-end to keep operational knowledge current. The company says its product boosts employee confidence from day one by making procedures accessible and easy to follow. In July 2022 ProcedureFlow secured $11.8 million in funding to accelerate its mission of revolutionizing procedural knowledge management globally. Gemba Software Solutions is a Saint John, New Brunswick-based SaaS provider focused on workplace training, best known for its ProcedureFlow knowledge-management product. ProcedureFlow turns complicated, text-heavy information into simple visual processes to train employees faster and cut operating costs. The company lists customers including the Los Angeles Department of Water & Power, Wyndham Hotel Group, and Enbridge Gas New Brunswick. Launched in 2012 and led by CEO Daniella DeGrace, Gemba says ProcedureFlow has helped clients increase productivity and support growth through visual knowledge transfer. Gemba plans to use the $2.9 million investment to increase sales efforts, scale operations, and continue growing revenue. NBIF and other backers characterize Gemba as one of the highest revenue-generating companies in their portfolio, and the CEO has more than 20 years of experience, including involvement with Q1 Labs and Radian6.

Led · Equity · May 2022

Amilia offers a recreation and member management platform with integrated payments, providing online registration, activity programming, memberships, and facility access tools. The company supports over 6,600 locations across North America, including YMCAs, JCCs, parks and recreation agencies, camps, and afterschool programs. Led by CEO Hugo Lachance, Amilia serves businesses, municipalities, and nonprofit organizations. The company intends to use the funds to expand operations and accelerate development efforts. No revenue or user metrics were disclosed in the article. Amilia, founded in 2009 and based in Montreal, provides the SmartRec platform for online registration, eCommerce, and membership management for activity- and recreation-focused organizations. The platform targets small and midsize businesses, community organizations, and Parks & Recreation agencies. Amilia says it supports roughly 1,200 customers across North America. The company’s mission is to broaden access to eCommerce for the activity and recreation industry by making activity management and online selling fast and easy. Recent plans announced include using new capital to expand hiring and platform reach. The company intends to add 30 new positions in the next 30 days to support growth and customer access.

Participated · Series B · Mar 2022

MaxSold is a Toronto-based provider of an online platform for auctioning a large volume of content for downsizing, decluttering, estate sales and excess inventory. Led by CEO Sushee Perumal, the platform manages the auction pipeline end-to-end, including photographing and cataloging items, posting auctions online, digital marketing, scheduling buyers on pickup day and collecting payments. The company has a presence in 75 major cities across North America. MaxSold intends to expand throughout the US, with particular focus on Boston, Atlanta and Philadelphia, grow its team and drive new partnerships in previously unserved industries. Financially, it raised $16.1M in a Series B led by Framework Venture Partners with participation from Canadian Business Growth Fund, and secured $5M in growth capital from Silicon Valley Bank. The company plans to use the funds to facilitate expansion, team growth and new partnerships. MaxSold operates an online platform that manages the technological side of selling used goods, including online marketing, payment collection, bidder support and receipts for individual and partner sellers. The company serves thousands of clients annually and has a presence in 35 metropolitan areas across North America. In 2020 MaxSold recorded double-digit growth in sales and gained popularity as consumers sought safer ways to declutter and downsize. The business supports partner sellers such as professional auctioneers, move managers, estate planners and real estate advisors, and positions itself as a fast solution for clearing house contents while recovering maximum value. MaxSold plans to use new funding to grow its team, pursue market growth initiatives, and invest in R&D for new products including a new app, AI and augmented reality. The company has been recognized on the Financial Times list of The Americas Fastest Growing Companies and The Globe and Mail’s list of Canada’s Top Growing Companies.