Participated · Series A · Aug 2019

Worximity Technology Inc. builds a smart factory analytics platform that connects equipment and employees in processing facilities to provide automatic data collection, real-time monitoring, analytical views, predictive insights, and machine learning/AI-driven operational insights. The company's technology targets food, beverage, and consumer goods manufacturers to help measure performance and identify cost-saving opportunities. Founded in 2011 and based in Montreal, Worximity has served more than 200 customers and supported over 1,200 projects worldwide. The firm emphasizes simplicity and scalability of its platform as part of its Industry 4.0 and industrial IoT positioning. Worximity plans product diversification and international expansion, which are stated uses for new funding. Financially, the company announced a $1.5 million growth capital financing provided as debt to support those growth initiatives. Founded in 2011 and led by CEO Yannick Desmarais, Worximity provides technologies that enable automatic data collection, real-time monitoring, analytical views, predictive insights, machine learning and artificial intelligence by connecting all equipment and employees in processing facilities. The company’s product set includes its TileboardTM technology and software used to generate operational analytics and predictive insights. Worximity has worked with global customers including Barry Callebaut, BIC, Grupo Nutec, Daunat, Dessaint Traiteur, Fleury Michon, Royal Canin and Ozpak. The team comprises 25 knowledge-based employees — software developers, engineers, data scientists, business analysts and AI specialists — with plans to double headcount by the end of 2020. The company intends to use the Series A proceeds to increase development of technological innovations and to accelerate growth in international markets. Worximity is based in Montreal, Canada. Worximity Technology produces smart industrial technologies that leverage a mobile application and smart sensors to provide real-time monitoring of manufacturing production. The company intends to use the newly raised funds to step up development of its technology. Worximity raised $2m in funding from institutional backers. Investors named in the round include W3 Investments, the Fonds de solidarité FTQ and BDC Capital. BDC Capital's portion of the financing will come in the form of a patient mezzanine loan with a flexible repayment schedule. The company was founded in 2011 by Yannick Desmarais and is based in Montreal, Canada. Worximity Technology develops connectivity solutions that let factory managers and team members monitor production in real time via smart sensors, a mobile application and a real-time dashboard. Its platform compiles data from a range of industrial equipment, generates alerts according to client standards, and helps address downtime and production decreases immediately. The company’s technologies are currently deployed on more than 250 production lines in North America. Founded in 2011 in Montreal, Quebec, Worximity is led by founder Yannick Desmarais. It raised $2M in funding from W Investments and the Fonds de solidarité FTQ. Worximity will use the proceeds to expand its computer development team, enhance connectivity solutions and pursue new markets across North and South America.

Participated · Series B · Dec 2015

Orckestra offers Orckestra Commerce Cloud, an omni-channel commerce solution that enables brands to deliver streamlined customer experiences across physical and digital touchpoints from a single platform. The platform runs on Microsoft Azure and is powered by proprietary technology to centralize commerce and experience management. Customers include Sobeys, Giant Eagle, FGL Sports and Mondou Pet Supplies. In June the company acquired Composite AS to support its European efforts. Orckestra raised $12M in a Series B to expand sales in North America, increase its presence in Europe, integrate Composite AS, and reinforce marketing and R&D for its Commerce Cloud and Experience Management offerings. The company was founded in 2006 and is based in Montreal, Canada, led by CEO Louis Fournier. Orckestra is a Montreal-based provider of e-commerce solutions that offers Overture Commerce, an enterprise .NET commerce platform designed for global deployments, multiple brands and multiple market scenarios. The platform targets mid-size and large enterprise B2B, B2C, B2B2C and franchise clients, with customers such as Mary Kay, Stanley Black & Decker, Panago Pizza, Giant Eagle and LyondellBasell. Led by CEO and co-founder Louis Fournier, Orckestra focuses on supporting complex, multi-market commerce implementations. The company completed an $8M Series A round of financing. It plans to use the funds to expand global sales capabilities and partner channels, and to continue global marketing and R&D efforts. The financing is intended to support growth of its enterprise commerce business internationally.