
FairVentures
151 Charles St W Ste 100, Kitchener, Ontario, N2G 1H6, Canada
Overview
FairVentures is the innovation initiative of Fairfax Financial Holdings Ltd., with the mandate to research, develop, partner and invest in innovative solutions to support the Fairfax family of companies. We recognize that Fairfax companies need to be on the leading edge of emerging technologies, processes and thoughts as well as their application to industry in order to stay competitive. The purpose of the FairVentures initiative is twofold: 1) to generate and develop new business ideas and 2) evaluate new technologies, opportunities and businesses that are applicable to our subsidiaries and their customers. FairVentures operates an innovation and research lab at the Communitech Hub in Kitchener, Ontario; providing access to the vibrant technology and entrepreneurial ecosystem of the Waterloo Region.
- Total investments
- 2
- Lead investments
- 2
- Investments · 12mo
- 0
- Active investors
- 0
Sector focus
- Finance
- InsurTech
- Venture Capital
Investment portfolio
- Dream Payments
Led · Series A · Mar 2017
Dream Payments is a Toronto, Ontario–based fintech that operates The Dream Payments Cloud, which powers commerce and payments across mobile devices and the Internet of Things. The solution provides cloud-based mobile point-of-sale (MPOS) and payment services used by businesses across Canada to sell everywhere and accept all payments via mobile devices. The company has expanded its payment cloud and application ecosystem with a deep integration with Intuit QuickBooks, enabling business owners to accept payments, instantly reconcile sales transactions and access business insights from any device. Partners include financial services providers TD Merchant Solutions and TruShield Insurance. Led by CEO Brent Ho-Young, Dream Payments also has operations in Stamford, Connecticut. In August 2017 the company raised $10m in Series A financing and intends to use the funds to expand its payments cloud into the U.S., accelerate its third‑party app ecosystem and continue growth in Canada. Dream Payments provides a cloud platform enabling financial institutions to create and deliver mobile financial services for business customers. The company connects financial institutions, merchant acquirers, retailers and value-added apps to support mobile point-of-sale applications, payment terminals, remote device management, customer onboarding and secure payment processing. Dream is led by CEO Brent Ho-Young and is focused on expanding its market share. The company intends to use its recent award to accelerate growth and to speed its entry into the United States. The article does not disclose revenue or user metrics. Dream participates in fintech investment and industry challenges to support its expansion plans. Dream Payments offers a mobile point-of-sale platform and terminals that work with existing iOS or Android smartphones and tablets or integrate with traditional POS systems. The solution supports magstripe, EMV credit and debit cards, and Apple Pay, and includes a dashboard with sales and inventory reporting, analytics, and customer insights. The company is opening its SDK to third-party developers to extend the Dream Payments ecosystem with value-added services. Founded in July 2014 and led by CEO Brent Ho-Young (with Alex Walker, Anant Tailor and Long Van in senior roles), Dream intends to use new funding to launch the business and roll out solutions to merchants across North America. The article does not report operating metrics such as revenue or user counts.
- Dozr
Led · Seed · Sep 2016
DOZR operates an online marketplace and ecommerce solutions for heavy equipment rentals, including its WebStores white‑labeled software and an Order Tracker experience. The platform enables touchless, paperless rental transactions and integrates with suppliers' websites and ERP systems. DOZR says it offers the world’s largest fleet of heavy equipment and reported more than 2 million website visits last year. The company positions itself as a Con‑Tech marketplace addressing increased rental demand amid global supply‑chain issues and high utilization rates. Recent product launches include WebStores (2020) and Order Tracker (2021), which the company says digitize rental workflows for suppliers and contractors. DOZR plans to expand into new U.S. markets and grow its team significantly in the near term. Dozr operates a contractor-to-contractor marketplace that lets equipment owners post idle heavy construction and agricultural machinery for rent and matches them with trusted renters. The platform includes insurance coverage and is free to join, and typical contractor-to-contractor rates are about 40% below retail rental rates. Dozr offers a wider variety of equipment and aims to help owners monetize idle assets while helping projects access needed machinery. The company was launched in Kitchener, Ontario, in 2015 by construction veterans including co-founder and CEO Kevin Forestell. Dozr expanded into the U.S. market after a recent financing and moved into New Jersey in December; it has now begun operations in Florida with initial focus on Miami, Tampa and Orlando.
Team
No current team members are available.