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The Venture Codex

Ontario Venture Capital Fund

250 Yonge St, Suite 3001, Toronto, ON, M5B 2L7, Canada

Overview

Ontario Venture Capital Fund is investment company,Its collect the money from and invested in and government private sectors.

Total investments
4
Lead investments
1
Investments · 12mo
0
Active investors
0
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Investment portfolio

  • Achievers

    Participated · Series C · Sep 2011

    Achievers, formerly known as I Love Rewards, provides employee rewards services and social software aimed at improving employee engagement. It targets organizations starting around 500 employees up to Fortune 500 companies. Customers include Marriott, Deloitte, 3M and Microsoft. The company reports rapid expansion, with 100+ percent employee growth year‑over‑year and 150 employees in North America. Achievers recently relocated its US headquarters to San Francisco from Toronto along with CEO Razor Suleman. Financially, the company has raised $24.5M in a Series C and has now raised $38M in total. I Love Rewards operates employee rewards, sales incentive and service award programs for corporations, distributing points that employees redeem for brand-name merchandise, experiences, gift cards and virtual awards. Its customer roster includes Microsoft, Marriott, ConAgra and Bell. The company runs programs that allow companies to motivate and recognize employees and sales teams through a catalog-style rewards platform. I Love Rewards says the latest funding will be used to expand its sales and marketing efforts. Financially, the company has raised multiple equity rounds, including a Series A and an extended Series B, and reports no operating metrics in the article. The product focus is on reward catalog curation and program administration for enterprise clients. I Love Rewards operates employee rewards, sales incentive recognition and service award programs for corporations. The company issues rewards as points that employees redeem for brand-name merchandise, experiences, gift cards and virtual awards such as music downloads. Corporate customers include Microsoft, Marriott, ConAgra and Bell. I Love Rewards said the new funding will be used to expand its sales and marketing efforts. The company raised $5.9 million (C$6.9M) in a Series B led by GrandBanks Capital, with prior investors JLA Ventures and Laurence Capital participating. It previously raised $4 million in a Series A in 2008 from JLA Ventures and Laurence Capital.

  • Fresco Microchip

    Participated · Series C · Jun 2011

    Fresco Microchip is a fabless semiconductor company focused on RF, mixed-signal and digital signal processing IC architectures. It serves top-tier tuner manufacturers that supply consumer electronic brands for TVs, set-top boxes, DVD-Rs, DVRs and PCs. The company is led by CEO, president and co-founder Lance Greggain and is based in Markham, Canada, with design centers in Ottawa and Irvine, Calif. Fresco plans to use its new funding to commercialize an expanded product portfolio. It also intends to expand into emerging markets. The article does not disclose revenue or user metrics. Fresco Microchip Inc. develops signal processing integrated circuits (ICs), including demodulators and IF processors for television tuner manufacturers. Its products enable makers to build low-cost, ultra-thin tuners with improved picture quality. The company closed a C$10m financing round and will use the proceeds to expand commercial activities and bring new products to market. Fresco was founded in 2004 and is headquartered in Toronto, Canada, with design centers in Ottawa and Irvine, California. The financing was led by Celtic House Venture Partners and Ventures West.

  • Dealfind

    Participated · Equity · May 2011

    Dealfind operates an online group-buying platform and is a branch of the online restaurant directory MenuPalace.com. The company was founded in May 2010 by President Gary Lipovetsky and CEO Michael Tulman. It employs 130 staff. Dealfind secured $31M in venture capital funding to support growth. The company intends to use the funds to build out infrastructure and expand across Canada and the United States in 2011. Its stated goal is to be operating in over 100 North American cities by the end of 2011.

Team

No current team members are available.