Participated · Series A · Jun 2020

Founded in 2014 and based in Toronto, ThinkData Works provides Namara, an end-to-end data management platform that streams public and private data from any source and in any structure. The platform centralizes, standardizes, and delivers data so organizations can layer it onto existing processes and build new solutions. ThinkData Works initiates data partnerships with providers such as Crunchbase, Owler, and Fundingportal and ingests information on competitors, grants, IP, and trademarks. Its customer roster includes the Royal Bank of Canada, the Government of Canada, Bank of Nova Scotia, TD Bank, and Roche Pharmaceuticals. During the COVID-19 pandemic the company has provided its data repository free to researchers and partnered with Roche to support COVID-19 research. Financially, the company completed an $8 million CAD Series A, bringing total funding to $10 million CAD, and plans to use proceeds to hire across engineering, sales, and marketing and to expand geographically.

Participated · Seed · Jun 2019

Damon Motors builds high-performance electric motorcycles anchored by its proprietary HyperDrive™ monocoque electric powertrain. Its flagship HyperSport all-electric superbike has more than $45M in orders and the company plans factory production and deliveries beginning in 2022. The company is preparing to open a Vancouver factory and will use recent funding to scale production and manufacturing. Damon develops rider-focused technologies including CoPilot™ and Shift™ and is introducing a limited-edition HyperFighter Colossus at CES 2022. To meet demand it plans to hire roughly 150 staff across engineering and other departments. Damon builds Hypersport electric motorcycles with a focus on rider safety through low-cost connectivity networks, sensors, and mobile computing that enable advanced warning systems tailored to motorcycle dynamics. The company is showcasing two Hypersport Premier models, Arctic Sun and Midnight Sun, available for pre-order at CAD 55,978 each; millennials comprise about half of preorders. Damon plans to use road and traffic data collected from each bike to remotely update onboard computers and improve vehicle detection over time. The startup is entering the development and test validation phase of its EV and cloud computing platform and aims to be production-ready late next year. The team includes former employees of Intel, Harley-Davidson, Polaris, Nokia, and Mojio, and the company is a Creative Destruction Lab alumni and a Techstars Mobility participant. Damon was founded in 2017 and is based in Vancouver. Damon Motorcycles develops the Advanced Warning System for Motorcycles (AWSM™), a sensor-fusion and AI platform that provides forward, side and rear detection to form a 360º view around the bike. The system leverages low-cost connectivity networks, commoditized sensors and high-power mobile computing to detect and anticipate accidents. With cellular connectivity, possible collision scenarios are recorded and sent to a dedicated cloud platform where an AI engine continually learns and creates new algorithms, and updates are pushed back to the bike. Damon positions its technology for motorcycle fleet customers and original equipment manufacturers, and manufacturers are currently evaluating factory integration. The company highlights a significant patent portfolio and a team of engineers and motorcyclists, and has set a goal to eliminate fatal accidents on Damonized vehicles by 2030. Damon is based in Vancouver, British Columbia, and recently closed a $2.5 million seed financing to advance its safety work for fleets and manufacturers.

Participated · Series A · Nov 2018

d1g1t is an institutional-grade wealth management platform led by co‑founder and CEO Dr. Dan Rosen, based in Toronto. The platform serves advisors, multi‑family offices, RIAs and broker-dealers with end-to-end workflows for reporting, operational efficiency and intelligence. The company says it has grown to service thousands of advisors across Canada, the U.S. and the Caribbean and manages over $200 billion in assets. d1g1t has been recognized with awards including Deloitte’s Fast 50, Best Enterprise Wealth Management Platform in the 2023 Fintech Awards, and a place in the WealthTech 100. The company will use the recent financing to continue rapid U.S. expansion, scale operations, and invest in R&D to expand platform capabilities and advance product innovation. d1g1t offers an enterprise-grade wealth management solution that combines analytics and risk-management tools to empower advisors and institutional wealth firms. The company plans to use the new proceeds to expand platform capabilities, accelerate product innovation, scale operations, and hire additional sales and marketing staff. Reported operating momentum includes doubling revenue and growing employee headcount by more than 50% in the last year. d1g1t now has more than 60 employees supporting wealth management companies, multi-family offices, RIAs and broker-dealers that serve high-net-worth and ultra-high-net-worth investors (those with at least $30M). Founded in 2016, the firm is focused on continued growth and solidifying its market presence in the U.S. wealth management sector. d1g1t provides an enterprise wealth management platform powered by institutional-grade analytics and risk management tools that helps firms improve the quality of their advice and demonstrate its value to clients. Its integrated platform manages the entire wealth management advisory life cycle through a seamless, intuitive workflow usable by the entire firm. The company received a CAD$3M strategic financing as an extension of its Series A, bringing total raised to over CAD$12M. d1g1t will use the funds to accelerate product innovation for its wealth advisory platform and to further commercial expansion into the United States market. Dan Rosen is CEO and co-founder, and Illuminate Financial Management’s Mark Rodrigues will join d1g1t’s board of directors. d1g1t is an enterprise wealth management platform that provides portfolio management, analytics and client servicing tools to professional advisors and their individual investors. The platform delivers enterprise-wide portfolio and client management capabilities, individualized goal-based planning, sound risk management and investment analytics to support investment decisions. It integrates the client management lifecycle from onboarding and financial and investment planning to portfolio monitoring, rebalancing, trading and compliance, enabling advisors to focus on client needs and scale their businesses. At the time of the round the platform was going live with four clients responsible for managing approximately CAD $13 billion of assets under management for over 5,000 households. The company intends to use the Series A proceeds to continue to expand its offerings. d1g1t was co-founded by Dan Rosen, Philippe Rouanet and Benoit Fleury, who previously co-founded R2 Financial Technologies (acquired by S&P Capital IQ) and were senior executives at Algorithmics (acquired by IBM).

Led · Seed · Oct 2018

Foxquilt builds, underwrites and distributes a full line of commercial insurance products aimed at small businesses and micro-enterprises. The company uses data analytics and artificial intelligence to recommend coverage and pricing tailored to individual small business customers. It distributes via brokers and agents, affinity partners, and direct-to-consumer channels. Led by CEO Mark Morissette, Foxquilt operates in both the United States and Canada from its Toronto base. The company plans to use new funding to accelerate North American expansion, scale its embedded enterprise capabilities, enhance its technology infrastructure, and broaden its product offerings. The financing activity indicates ongoing investor support as it pursues growth. Founded in 2016 by Mark Morissette and Karim Jamal, Foxquilt offers a B2B insurance platform designed to help businesses obtain the right commercial insurance coverage more efficiently. The company has developed its own architecture and underwriting algorithms to enable online pricing, binding, and issuance. Foxquilt is partnering with an unnamed international reinsurance company as part of plans to become a full-service insurance provider. The startup plans to launch the reinsurance partnership and underwriting platform in the Fall and expects to pursue a Series A in 2022 and a Series B in 2023. The product and platform work builds on earlier alpha and beta testing of the service. Foxquilt is a Canadian startup launched by Mark Morissette and Karim Jamal that aims to change how consumers and small businesses buy home and commercial insurance. Its platform allows customers to join groups with similar needs to secure discounts on premiums, reduce deductibles, and be rewarded at renewal if their claims experience aligns over the prior year. The company says it leverages AI and behavioral science to unite like-minded consumers, simplify access to insurance, and intervene earlier in the buying journey. Foxquilt raised CAD$1.2m in a Seed round led by Extreme Venture Partners. The article does not disclose other investors or operating metrics. The piece characterizes the company as emerging.

Participated · Seed · Feb 2016

Statflo builds a customer engagement platform targeted to wireless and tech retailers that identifies the best leads for sales associates and creates a path to purchase across phone, digital, and messaging. The platform also provides an interface for front-line staff to communicate with customers and personalize interactions to drive traffic and transactions. Statflo positions its product as a way to modernize brick-and-mortar wireless retail and establish more engaged ongoing customer relationships. The company will use the new funding to accelerate development of its intellectual property. Statflo has raised $12 million in this Series A and has now raised $16.5 million to date. The company is based in Toronto. Statflo delivers a data-driven platform that allows wireless retail stores to drive more sales by turning raw data into actionable tasks. Led by co-founder and CEO Kevin Gervais, the platform uses a smart engine to give sales reps user-friendly tools to proactively engage customers. The solution is designed to increase in-store traffic and enable more personalized, local service. Customers include independently-owned and corporate-owned wireless retail dealers, as well as telecom providers. The platform has been rolled out to hundreds of locations across six major carriers and the company announced a strategic partnership with iQmetrix to integrate with its retail management and customer experience technology. Statflo closed a $2.4M seed round and intends to use the funds to accelerate growth.