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PacifiCan

500 - 13401 108 Ave, Surrey, BC, V3T 5T4, Canada

Overview

Pacific Economic Development Canada is the regional development agency focused on British Columbia’s evolving economy.

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

  • Clarius Mobile Health

    Led · Equity · Mar 2024

    Clarius builds AI-powered handheld wireless ultrasound scanners that deliver high-resolution images on iOS and Android devices, aiming to make affordable ultrasound tools available across medical specialties. The company reports over four million high-definition scans performed on its devices and says its scanners are available in over 90 countries; it also states it now sells in 58 countries. Revenues have tripled over the past three years and its British Columbia workforce has grown in double digits annually. Clarius recently moved into a new 22,000 square foot manufacturing facility, tripling production capacity and enabling onshoring of production and retention of IP in BC. The company is pursuing geographic expansion in the Indo-Pacific region and accelerated enterprise growth in the United States, leveraging federal programs and trade missions to drive international expansion. It participates in the Global Hypergrowth Project and emphasizes local AI, machine-learning, biomedical engineering, and manufacturing talent to support growth.

  • Satya Organic

    Led · Equity · Mar 2024

    Satya Organic is a North Vancouver-based, Indigenous, woman-led skincare company founded by Patrice Mousseau, an Anishinaabe member of the Fort William First Nation. Its plant-based products were developed initially in the founder's kitchen as a baby skincare solution and target conditions including eczema; products are petroleum- and mineral-oil-free, refillable, and the company reports carbon- and plastic-neutral practices. Satya's products are sold in thousands of stores across Canada, the US, and Hong Kong. With significant growth already achieved, the company is preparing to expand its manufacturing and marketing capacity to meet rising demand. The business aims to maintain its Indigenous values in production and packaging as it scales and to create a replicable system to help other businesses.

  • Lucent BioSciences

    Led · Equity · Nov 2023

    Lucent Bio develops sustainable agricultural inputs, centered on its Nutreos seed treatment, a biodegradable and micro-plastic-free seed coating intended to improve germination, vigour, and crop establishment. Led by CEO Michael Riedijk, the company is transitioning Nutreos from a lab concept to a field-ready product. Lucent Bio recently opened its Soileos micronutrient fertilizer plant in Rosetown, Saskatchewan. The company raised over $3.6M in funding to enhance Nutreos's formulation and effectiveness. A portion of the investment will be used to expand market presence and to ensure sourcing and manufacturing processes align with environmental sustainability standards. Lucent Bio intends to uphold eco-friendly practices across production to contribute to a cleaner agricultural industry. Lucent BioSciences is an AgTech company based in Vancouver, BC that has developed a patent-pending fertilizer using cellulose fiber as a nutrient delivery agent. The product is carbon neutral, non-polluting, and designed to improve crop yield and soil health. The company works with food processing companies to upcycle low-value cellulose fibers into high-value fertilizer and seed treatments, and collaborates with several large fertilizer companies to develop custom solutions from its technology. Lucent raised $4.2M in funding from Emmertech, Amathaon, SVG Ventures, WUTIF Capital, Vantec/eFund and Vancouver-based angel investors. The company intends to use the funds to accelerate development of sustainable fertilizers and seed treatments, expand manufacturing, bolster commercialization, and prepare a Series A round in 2022. Michael Riedijk serves as CEO.

  • Peloton Technologies

    Led · Seed · Aug 2023

    Peloton Technologies builds a SaaS-based payments platform that provides treasury transaction management and payment processing solutions for businesses. Its all-in-one cloud platform simplifies payments and offers extensible building blocks for rapid custom development where off-the-shelf products fall short. The company is focused on expanding its merchant client base and helping SMEs across Canada transition from traditional processes to streamlined digital transactions. Management says newly acquired funding will accelerate growth and further its objective of providing affordable digital payments for SMEs. In July 2023 Peloton secured a $1.5M funding extension that the company says will support that expansion, bringing additional public-sector backing to its roadmap.

Team

No current team members are available.