Participated · Debt Financing · Apr 2026

pH7 Technologies operates a commercial PGM extraction facility in Vancouver and is scaling its mining-sector applications beginning with copper. Its proprietary closed-loop organo-electrochemical process is designed to recover metals from low-grade sulfide ore, tailings, and complex feedstocks that have been historically uneconomic or challenging to process. The company’s proposed copper production approach aims to convert low-grade sulfide ore directly into 99.9% pure copper cathodes on-site while generating green hydrogen as a by-product. pH7 says the process could increase recovery from low-grade resources, extend the value of existing mining assets, and strengthen domestic critical mineral supply chains. Current plans include engineering and technology development phases to produce technical and economic data to support future demonstration and commercial deployment across the Canadian mining sector.

Led · Debt Financing · Mar 2026

Spellbook launched the first generative AI tool for lawyers in 2022 and has since become a leading provider of legal AI for transactional work. Its platform, powered by large language models such as OpenAI’s GPT-5, assists nearly 4,000 law firms and corporate legal departments across 80 countries—including clients like Nestlé, eBay, and Kennedys—in streamlining contract workflows. In 2025 the company reported tripling its revenue and introduced a Compare to Market feature that grounds negotiations in data from hundreds of thousands of contracts. Management believes early market entry and proven traction position Spellbook to lead consolidation in the rapidly maturing legal tech sector. Recent funding has given the company a post-money valuation of $350 million and resources to pursue strategic acquisitions. Spellbook is backed by prominent investors such as Khosla Ventures, Thomson Reuters Ventures, Inovia Capital, The Legaltech Fund, Bling Capital, and Moxxie Ventures. The company intends to leverage its growing data infrastructure to deliver even more precise, specialized outputs for legal professionals.

Led · Debt Financing · Mar 2025

Flosonics Medical is a Canadian medical device company (founded 2015, Sudbury, Ontario) that develops FloPatch, a wireless wearable Doppler ultrasound designed to deliver rapid, repeatable hemodynamic assessments at the bedside. FloPatch aims to help clinicians assess fluid responsiveness and streamline critical decisions in sepsis and other acute-care settings, reducing fluid-related complications and improving patient outcomes. The company positions the device as a faster, more accessible alternative to traditional Doppler ultrasound machines in emergency and intensive care environments. Flosonics says the funding will accelerate market adoption and enable broader hospital deployment across North America and beyond. The announcement highlights the company’s focus on non-invasive, data-driven solutions and ongoing clinical research to support its technology. Financially, Flosonics secured venture debt to support scaling operations and commercialization efforts. Flosonics Medical develops FloPatch, a first-in-class wearable Doppler ultrasound designed for hemodynamic assessments. The device is intended to improve management of critically ill patients and support monitoring both inside and outside the hospital. The company emphasizes continued evidence generation to validate clinical use. Flosonics plans to expand indications for use and accelerate commercial growth and market adoption. The firm is a Canadian medical device company based in Sudbury, Ontario, founded in 2015. Recent financing will be used to support innovation, expansion, and broader deployment of its wearable AI-assisted sensor technology. Flosonics Medical is a venture-backed medical device company developing the FloPatch, a low-cost, wearable Doppler ultrasound sensor that adheres to a patient’s neck and sends hands-free blood flow data wirelessly via low-energy Bluetooth. The company says FloPatch enables on-demand, non-invasive Doppler measurement of blood flow to support management of critically ill patients across emergency, OR, ward, and ICU settings. Its first product, the FloPatch FP 120, has received regulatory clearances from the FDA and Health Canada. Founded in 2015 and headquartered in Sudbury, Ontario, Flosonics employs over 20 people focused on R&D. Financing proceeds will be used for a commercial launch in North America and for new product development as the technology transitions to clinical use.

Led · Debt Financing · Sep 2024

ApplyBoard is a Kitchener, Ontario–based international student mobility technology platform that connects students to over 1,500 institutions across Canada, the United States, the United Kingdom, Australia, and Ireland. Since 2015 it has empowered more than 1 million students from over 125 countries. The platform supports the end-to-end study abroad journey and has expanded beyond application and acceptance to services such as language tests, loans, and proof of finances. In June the company launched its patent‑pending Generative AI advisor, Abbie, which provides personalized guidance and instant support in any language. ApplyBoard is pursuing a global expansion plan that includes launching in Germany and adding 20 new study destinations by the end of the decade. The company says the recent financing will accelerate product development, growth, and further international expansion. ApplyBoard provides a free service to students that matches and processes international applications for colleges and universities and earns money via revenue-sharing agreements when referred students enroll. The company has served roughly 200,000 students to date and has launched products like ApplyProof to help verify applicants’ documents. ApplyBoard reported 400% year-over-year sales growth in 2021; sales were $300 million in 2019 and the company said that implies at least $1.2 billion in sales in 2021. It is expanding efforts in key destination countries including the United States, the U.K., and Australia. ApplyBoard has pursued strategic partnerships—an earlier $55 million extension brought in ETS Strategy Capital, the venture arm of ETS, and that tie helped spawn ApplyProof. CEO Martin Basiri framed the company as a tech-savvy guidance counselor addressing high demand for seamless application processes after the pandemic. ApplyBoard operates an online platform that streamlines the study-abroad search, application and enrollment process by connecting international students, recruitment partners, and over 1,200 partner schools across Canada, the United States, and the United Kingdom. The company offers an end-to-end application experience and has formed a strategic partnership with ETS to integrate test preparation and admissions workflows. Founded in 2015 and headquartered in Kitchener, Ontario, ApplyBoard has helped over 120,000 students and employs more than 500 staff across 20 countries. ApplyBoard plans to use recent funds to invest heavily in its proprietary technology, further develop school and student services, expand destination markets, and serve a broader diversity of students and recruitment partners globally. Financially, the company has raised C$242M (US$180M) to date, including its C$170M Series C total after the extension. ApplyBoard operates an online platform that streamlines the study-abroad application process by connecting students, educational institutions and recruitment partners through a single application. The platform enables students to discover and apply to secondary and post-secondary institutions in Canada, the United States and the United Kingdom. By joining the platform, educational institutions expand their brand reach worldwide and recruit qualified students virtually. The company works with over 1,200 educational institutions, 4,000 recruitment partners and has assisted over 100,000 students. ApplyBoard employs over 400 staff across 20 countries and was co-founded in 2015 by Meti Basiri (CMO), Martin Basiri (CEO) and Massi Basiri (COO). The company plans to use new funding to accelerate product development, expand into new markets and improve access to education for more international students. ApplyBoard is a SaaS-enabled marketplace founded in 2015 that uses AI and machine learning to assist international students with program and institution selection, document submission, applications, and obtaining visas. The platform vets and processes applications, sending only complete and qualified files to partner schools and reports a 95 percent chance of students receiving an offer letter. Since launch it has built partnerships with over 1,200 secondary and post-secondary institutions across North America and has been used by more than 45,000 students from 100+ countries. ApplyBoard is based in the Waterloo region of Canada with offices in China, Nepal, Vietnam, and India. The company will use the new capital to further develop its AI-powered platform, accelerate expansion into new markets, and hire over 100 employees across its Kitchener headquarters and international offices. To date ApplyBoard has raised C$72 million in total funding and is focused on making education more accessible to students around the world.

Participated · Series A · Sep 2019

Fidel API offers identity, data and payments products that let developers capture consent permissions and securely connect payment cards to services via a modern API. Its tools power features such as digital receipts, omnichannel attribution, loyalty and rewards, expense management and personal finance management. Customers number in the hundreds and include Google, Royal Bank of Canada and British Airways; the platform is powering services for "tens of millions" of cardholders and "hundreds of thousands" of merchants globally. Since launching in 2018, Fidel says it has tripled its growth metrics and quadrupled its card base year‑over‑year; the CEO declined to disclose hard revenue figures. The company is headquartered in London with offices in Lisbon and New York and currently has 130 employees. It plans to use new capital to double headcount (with emphasis on engineering, sales and product) and to invest in identity verification, consent management and payments capabilities. Fidel offers a suite of APIs that let developers link users’ payment cards to apps, enabling real-time, card-network data access and features like loyalty, digital receipts, PFM/expense management and online-to-offline attribution. The platform provides a single point of integration across Mastercard, Visa and American Express and tokenises card numbers to reduce regulatory and compliance burden for customers. Loyalty is Fidel’s primary use case, with customers able to automatically award points or cash back when linked cards are used; the British Airways Executive Club app is cited as an example. Fidel emphasizes that card-network data is real-time and granular (including location), which it positions as complementary to — and in many cases higher quality than — Open Banking data. The company is led by co-founder and CEO Subrata Dev and recently raised funding to support growth. The new capital will be used to expand the team, accelerate product development and pursue international ambitions in North America, the Nordics and APAC.