Participated · Series B · Jun 2022

Penny AI offers a data-driven, unified platform that acts as a virtual assistant for sales consultants, combining contact management, prospecting and communications to boost seller productivity. The platform leverages AI to deliver automated repeatable processes, ongoing learning and business intelligence for enterprise direct-sales teams. Penny AI plans to expand its product into engagement-based micro-learning, enhanced insights and data visualization, and tighter social commerce integrations to close the gap between discovery and transactions. The company supports hundreds of thousands of sellers in over 60 countries and 25 languages and has recently quadrupled its team with strategic hires, including PhD talent in Learning Design. Founded in 2017 in Squamish, BC, Penny now operates across 17 cities in Canada, the U.S. and Europe and emphasizes diversity in its engineering team.

Participated · Series C · Jan 2022

Canalyst combines software with human expertise to produce accurate, detailed financial and KPI data and models on global public companies, delivered via data products and APIs. Its offering was initially built for public equity managers and has expanded to serve investors focused on credit, private equity, venture capital, as well as investment banks, consultancies, and corporate clients. Today over 400 of the world’s top investment managers, banks, and corporations use Canalyst’s models, data, and APIs as part of their workflow. The company was founded in 2015, is led by CEO and co‑founder Damir Hot, and employs about 200 people with offices in New York and Vancouver. Canalyst plans to use new funding to double its global headcount and further invest in product development and delivery, global expansion, and customer support. Canalyst offers a platform of structured fundamental data via a database of complete, company-specific forecast models covering more than 4,000 North American listed securities. The company positions itself as an independent provider of fundamental models to asset managers, hedge funds, and family offices. Canalyst has over 100 employees across Vancouver and New York City and serves more than 400 clients. Led by CEO Damir Hot, the firm enables investors to implement efficiency tools into their workflow and expand coverage to uncover investment opportunities. Canalyst plans to use new funding to expand investment in talent with particular focus on product enhancements and client service. Canalyst provides a cloud-based, on-demand equity model database of full, company-specific Excel models to institutional investors and analysts. The platform offers coverage across 3,600+ U.S. and Canadian listed securities, including S&P 500, Russell 2000, TSX and TSX‑V names. Canalyst serves CIOs, portfolio managers and directors of research to help them ramp up coverage and generate higher-conviction investment ideas. The company reported rapid user growth and plans to further develop its analytics capabilities to maximize platform value. Canalyst intends to expand the breadth of its coverage, with a specific emphasis on small- and mid-cap companies. In 2016 Canalyst closed a seed round and launched its North American Equity Model Database.

Participated · Series B · Oct 2021

Coconut Software provides appointment scheduling and lobby management solutions for banks and credit unions. Its enterprise platform is used by leading financial institutions across North America, including RBC Royal Bank, Arvest Bank, Vancity, and Rogue Credit Union. The company’s core product streamlines customer appointments and lobby flows, and it plans to launch Coconut Connect to allow staff and members to coordinate and facilitate meetings within the platform. Coconut intends to use new funding to accelerate product launches, hire key roles, and invest in marketing, sales, and customer success to drive demand and revenue. Over the prior three years the company achieved 100%+ year‑over‑year revenue growth as financial institutions modernize their customer experience. Coconut Software offers a SaaS appointment-scheduling and lobby management platform that modernizes how banks, credit unions and other enterprises engage with customers, aiming to drive loyalty and personalized experiences. The company says it is using recent investment to raise the bar across the financial industry and expand its digital customer engagement capabilities. Coconut was founded in 2007 and grew from a bootstrap to a team of more than 50 employees, with offices in Saskatoon and Toronto. Its client roster includes Vancity, United Federal Credit Union, Servus Credit Union, Jackson Hewitt, London Drugs, Rogers and Telus. Financially, Coconut has raised multiple rounds and supplemental funding this year, and is positioning its product for broader enterprise adoption. Coconut Software offers a centralized service engagement platform that provides appointment scheduling and lobby management, delivering real-time insights into sales and support interactions. The platform is designed to optimize workforce allocation and provide a consistent customer experience across online, in-branch, and contact-center touchpoints. The company serves financial organizations and emphasizes improving service engagement and operational efficiency. Founded in 2007 and led by CEO Katherine Regnier, Coconut Software is based in Saskatoon, Saskatchewan and also maintains an office in Toronto. The company is backed by Information Venture Partners, ScaleUp Ventures, StandUp Ventures and Neal Dempsey of Bay Partners. It intends to use recent financing to support its strategic plan and invest in growth. Coconut Software provides appointment-scheduling software for large enterprises with retail store outlets, enabling customers to choose appointment times and avoid telephone hold times. Its platform delivers service securely to customers and is used by firms including Jackson Hewitt, London Drugs, Rogers and TELUS. Founded in 2011 by CEO Katherine Regnier and based in Saskatoon, the company focuses on servicing telco and other large retail-facing clients. Coconut raised C$4.2m in a Series A to support growth. The company intends to use the funds to expand operations in Saskatoon and Toronto. As part of the financing, investor representatives will join the board to support the company’s expansion plans.

Participated · Series B · Sep 2021

Rewind is a SaaS resilience platform founded in 2015 and headquartered in Ottawa, Canada. The company protects more than 7 PB of business-critical data and serves over 25,000 organizations across 16 leading SaaS platforms, including Jira, Confluence, GitHub, Shopify, QuickBooks Online, and monday.com. Its platform provides schema-aware recovery, enterprise-grade governance, and resilience capabilities designed for the AI era, and maintains SOC 2 Type II and ISO/IEC 27001:2022 certifications. Rewind positions its offerings to address risks from human error and autonomous agents acting on SaaS data. The company plans to scale product innovation and operational capacity following the strategic investment announced by H.I.G. Growth Partners.

Participated · Series B · Jun 2020

Solink provides cloud-native physical security systems, including closed-circuit camera analytics and cloud video services that enrich video with data from other systems such as point-of-sale. The company was founded in 2010 as a consulting group to combat ATM fraud and expanded into cloud video security in 2016. Its platform offers forensic security and real-time active monitoring, motion detection, camera-to-camera navigation, configurable permissions, and certified dispatchers who review alerts. Solink uses AI to identify threats and integrates with other business systems and law enforcement for dispatch, enabling new use cases and operational efficiencies. The company reports monitoring more than 18,000 locations for over 800 brands, employs around 230 people, and saw platform usage increase threefold during the pandemic. Management says it will use the new funding to grow its client base globally and invest in new products; to date Solink has raised $90 million in venture capital. Solink offers a video security platform that links existing cameras with business data such as point-of-sale, alarms, and inventory, and uses AI to identify trends and flag suspicious behaviour. The product integrates with over 100 different data sources and processes more than 120 million transactions per month (about 700 hours of video per minute). The company serves over 5,500 customer sites and manages more than 70,000 cameras across restaurant, retail, and financial services verticals. Solink says it has doubled its footprint each year in recent years and reported a 70% increase in platform "consumption" during the first weeks of the COVID-19 lockdown. Recent product additions—built during the pandemic at no additional cost to customers—include a video alarm service, social-distancing audit integrations, temporary remote access, cloud camera backup, and AI-enabled search to detect and count people and vehicles. The team is roughly 80 people and plans to grow to about 120 by the end of the year; the company was founded in 2009 and is based in Ottawa. Solink develops a software-based security platform that allows businesses to access their video streams and transactions online while auditing surveillance video to notify users of suspicious events. The company says its software uses video and data to automatically learn behavior that leads to internal and external theft. Solink can connect to existing POS systems and cameras to surface analytics, searchable events, transactions, and graphs for operators. The company launched in 2016 with a mission to transform how businesses manage video, security, and data. Solink announced it received $5 million in financing to pursue global growth for its platform. CEO Mike Matta emphasized making surveillance video a source of insight rather than just an insurance policy.