Participated · Equity · Jun 2019

C2RO develops privacy-aware AI video analysis software as an enterprise SaaS product, with applications in retail and data analytics. The company reports ongoing deployments at customer sites and the establishment of new strategic partnerships despite COVID-19. It completed a financing round that includes new investors and follow-on participation from existing backers. The new funding is intended to grow the team and accelerate product rollout and strategic partnerships across Europe and North America. C2RO also plans to develop its IP portfolio and strengthen its leadership position in privacy-aware AI video analysis. Named investors in the announcement include Desjardins Capital Markets, Capital Angel Network, Maple Leaf Angels, TandemLaunch Inc., Fonds Innovexport, GCI Capital and several angel investors. C2RO is a Montreal-based provider of enterprise-grade cloud A.I. services. Its core products include C2RO Engage, a real-time cloud-based facial recognition platform introduced in June 2018, and Perceive, an anonymous customer journey analysis and demographic classification system launched in March 2019. The company emphasizes privacy and states its offerings are fully compliant with stringent regulations including the EU's General Data Protection Regulation (GDPR). Led by President & CEO Riccardo Badalone, C2RO secured CAD$2.25M in financing. The company intends to use the funds to accelerate commercialization of its enterprise cloud A.I. services. C2RO Cloud Robotics is a Montreal-based software firm that provides a cloud-based real-time data-processing engine to augment service robots' cognitive capabilities with AI services. Its SaaS platform enables instant knowledge sharing and collaboration among connected robots and sensors while supporting enterprise analytics and business intelligence. The company's initial product offerings, Mobility and Engage, enable advanced human interaction and behavioral analysis for customer-facing robot deployments. C2RO targets service-robot use cases in retail, hospitality and customer service to drive customer experience improvements and operational efficiencies. The firm positions its platform as the world's first Cloud Robotics SaaS Platform (B2B) and emphasizes simple deployment and management of robot fleets. Financially, it closed a US$1.1M seed financing to accelerate commercialization and go-to-market efforts.

Participated · Series A · Nov 2016

FileFacets provides a cloud data analytics and content migration platform that automates categorization of data, attribution of file metadata, and the migration of unstructured content from multiple sources into structured enterprise content management systems (ECMs). Its solution can access and scan files without interruption, detect duplicate files before moving them, and analyze and leverage file metadata. Led by co-founder and CEO Chris Perram, the company uses automation to manage and migrate large volumes of unstructured content. FileFacets raised $4m in a Series A round led by Celtic House Venture Partners with participation from Wesley Clover International and GCI Ventures Ltd. It intends to use the funds to expand its sales and marketing team in North America and accelerate growth of its channel sales strategy. The company is based in Ottawa, Canada.

Participated · Series C · Dec 2015

EatStreet operates a software platform that lets restaurants—primarily in smaller cities and college towns—accept online and mobile orders; it supplies restaurants with a tablet free of charge. The company focuses exclusively on ordering rather than delivery, leaving fulfillment to restaurants or local providers. EatStreet charges a 12% fee on orders, sells paid placement ads in its apps, and pays restaurants their 88% share weekly. It works with about 15,000 restaurants across 250 cities and serves “millions” of customers, and has reported triple‑digit revenue growth in recent years (revenues not disclosed). Founded in 2010 and built out of Madison, Wisconsin, the company has remained relatively capital‑efficient compared with delivery-focused peers. EatStreet does not disclose its valuation. EatStreet provides an online and mobile food ordering service that lets customers order from restaurants via web and mobile apps and integrates with partner platforms. The company integrates into the Yelp Platform, enabling users to order directly from thousands of restaurant pages on Yelp. EatStreet also orchestrates digital loyalty programs with its restaurant partners, where diners can earn coupons. Led by CEO and co-founder Matt Howard, the company intends to use new funding to further develop its iOS and Android apps, expand into new markets, and double its engineering team. The article reports an additional $4M in funding from backers including 4490 Ventures and the State of Wisconsin Investment Board. EatStreet previously raised $6M in April 2014. EatStreet offers restaurants a one-stop software solution for online and mobile ordering, including custom websites and apps, Facebook integrations, menu and order management dashboards, reporting, coupons and marketing tools. The company initially gained traction in Madison after being founded in 2010 by Matt Howard, Alex Wyler and Eric Martell, and expanded to nearly two dozen cities by last February. EatStreet reports 300% average annual sales growth and says annual revenue more than tripled from 2012 to 2013, though it does not disclose absolute revenue figures. In the past three months the service added over 3,000 restaurants and expects to serve more than 15,000 restaurants in 150 U.S. cities by year-end. With the new funding EatStreet plans to heavily focus on product—revamping its iOS and Android apps and its mobile website—and has doubled its development team to support that work. The company is also pursuing aggressive national expansion into 75+ cities, including larger markets like L.A. and Chicago. EatStreet provides a platform approach to restaurant online ordering, delivering websites, mobile apps, mobile sites, Facebook ordering, and listings on EatStreet.com. Restaurants receive setup at no cost and EatStreet takes a commission on sales, reported at roughly 8–10%. The company was started by University of Wisconsin students in 2009 and has grown to more than 1,000 restaurants across about 20 cities, primarily on the East Coast and in the Midwest. EatStreet has 14 full‑time employees and says it is nearly profitable while preparing to scale nationwide. It targets smaller 200,000–500,000‑person markets where many restaurants lack websites and aims to be a one‑stop shop for those businesses. The expansion strategy emphasizes replicable, "cookie cutter" market rollouts and adding roughly two employees per new market.