Participated · Series C · Sep 2020

Terra Mobility combines consumer-facing marketplaces (Busbud, Buson and Recorrido) with TerraOS, an enterprise software platform that supports operational activities for bus companies and other ground transportation operators. Together its marketplaces connect more than 100 million travelers annually with over 4,000 operators across more than 190 countries. Approximately 300 operators in over 15 countries use the company’s enterprise products. The company employs 270 people across 26 countries. Management intends to position TerraOS as the technology backbone for a fragmented ground travel market and to leverage the combination of consumer distribution and operator software to better connect traveler demand with operator systems. Terra Mobility plans to use new capital to accelerate TerraOS development (including AI capabilities), expand marketplace reach and pursue selective acquisitions.

Participated · Series C · Apr 2020

WorkJam provides a unified digital frontline workplace that combines scheduling, an open shift marketplace, task management, bi-directional communication, mobile learning, surveys, workflow automation and more. Its modules can be deployed separately or together in as few as five days and the app offers in-line translation support in 50 languages. Millions of frontline employees across more than 50 countries use WorkJam for scheduling, learning, task management and communication, and the company counts multiple Fortune 500 firms among its customers. Over half of its enterprise customers operate internationally and rely on WorkJam’s compliance framework and translation features to digitize workflows across geographies. WorkJam will use a new $20 million investment from Export Development Canada to fuel business development and international marketing across Europe and Asia and accelerate its expansion. WorkJam provides a unified digital frontline workplace app that combines communication, task management, scheduling, learning modules, and inline translations. The platform is available in over 45 languages and is used by enterprise customers such as American Eagle Outfitters, Aramark, Circle K, DaVita Healthcare, Hilton, Shell and Ulta Beauty. Founded in 2014 and headquartered in Montreal, WorkJam positions itself as the world’s leading digital frontline workplace. The company says its tools help improve frontline workforce engagement, retention, job satisfaction and well-being. WorkJam plans to use new funding to expand its reach in Europe, Southeast Asia, Latin America and the U.S., fuel product innovation, and accelerate business growth. No operating metrics (revenue/users) were disclosed in the article. WorkJam provides a digital workplace platform that equips frontline workers and headquarters staff to manage scheduling, training, task workflows, and real-time communications. The platform delivers workforce orchestration through task management, shift management, surveys, and microlearning tools. It is deployed in over 38 languages and countries and is used by large global customers including Shell, Kroger, Ulta Beauty, DaVita, Avis Budget Group, and Alimentation Couche-Tard. Led by President and CEO Steven Kramer, the company targets organizations with frontline employees across industries. WorkJam intends to use the financing to expand its go-to-market initiatives and broaden its footprint with additional global customers. The company announced a $35m growth financing to support these plans. WorkJam provides a digital workplace platform for large-enterprise and mid-market companies to engage and manage non-desk workforces. Its platform enables communication, task understanding and execution, training delivery, schedule self-service, a multi-location open shift marketplace, and employee recognition and rewards via mobile or desktop. The product is localized in over 28 languages and is deployed in more than 35 countries. The company closed a $50M Series C to support continued innovation and expansion. WorkJam said it will use the funds to expand geographically, pursue acquisitions, and invest in its employees. Inovia Capital’s partner Dennis Kavelman is joining WorkJam’s board in conjunction with the financing. WorkJam offers a mobile-centric platform that lets employers send alerts to hourly employees and manage scheduling, with a desktop version also available. The product targets organizations where many workers lack company email, aiming to improve training, engagement and alignment between corporate strategy and front-line execution. Clients include department store chains and Shell gas stations, and the company expects traction in hotels, retailers and restaurants. WorkJam charges large enterprises per project and offers a subscription fee per employee per month based on chosen modules. The founders bootstrapped the business since launching in 2014, leveraging the CEO Steven Kramer’s prior exit (iCongo was acquired by Hybris and then SAP).

Participated · Series D · Jan 2020

Califia Farms produces a range of oat and almond milk products in addition to coffees, juices and non-dairy snacks. The company is positioned in the dairy-replacement market alongside startups using plant-based ingredients and other novel production methods. It plans to expand its oat-based product suite and launch additional new product lines. Califia also intends to increase production capacity, boost research and development, and pursue geographic expansion with the new funding. The company was founded in 2010. Management frames the opportunity as part of disruption in the more than $1 trillion global dairy and ready-to-drink coffee industry. Califia Farms is a Los Angeles–based plant-powered food and beverage company known for its distinctive curvy bottles and refrigerated nutmilks, non-dairy creamers and ready-to-drink coffees. The company markets products primarily in the Natural and Specialty channels and emphasizes sustainability, health and plant-based innovation. Califia recently launched a line of dairy-free probiotic yogurt drinks and says it will commercialize recent innovations across plant-based milks, non-dairy creamers and cold brew coffees. To support growth it plans to expand company-owned manufacturing capacity in Bakersfield, California and further develop go-to-market capabilities. The company is led by CEO and co-founder Greg Steltenpohl and presents itself as a fast-growing brand on a mission to promote plant-based consumption. Califia Farms is a Los Angeles, CA–based natural beverage and food company co-founded in 2010 by Sun Pacific and Greg Steltenpohl. The company produces plant-based beverages using a Bakersfield, California manufacturing plant that employs artisanal processes. Its product expansion includes Almondmilk Coffee Creamers and Agua Frescas, and it has added flavors such as Vanilla Coconut Almondmilk Horchata and Pumpkin Spice Latte. Califia leverages its manufacturing and distribution footprint to grow its categories and product lines. The company received a $50M minority investment to support deeper production and distribution capabilities, research and development, new hires, and sales and marketing.

Participated · Equity · Jun 2016

Innovative Imaging Technologies is a Montreal-based developer of Reacts, a video-collaboration platform originally built for healthcare. Launched in 2014 and led by Dr. Yanick Beaulieu, the company provides medical organizations and hundreds of health professionals across Quebec with its platform. Reacts supports video conferencing, messaging, file sharing and transfer, application and screen sharing, and integrates tools such as augmented reality and real-time image overlay. The product was initially developed to fill a void in healthcare solutions but is also positioned for training and education and other industries. Development projects are underway in Ontario, France, the United States and China. The company raised $4M to accelerate commercialization across Canada and abroad.

Participated · Equity · Dec 2013

CelluComp, founded in 2004, uses a proprietary technology to extract nano-cellulose fibres from the waste streams of root vegetables to produce its product Curran. Curran is positioned as a high-performance, environmentally sound and economically viable solution for rheology (thickening) and reinforcement. The product targets multiple industries, including paints & coatings, home and personal care, concrete, oil drilling and composites. The company is in the process of scaling up production and commercialising Curran globally. To support that effort, CelluComp has closed a £2.4 million funding round. The financing and the accompanying expertise are intended to accelerate the company’s commercial rollout.