Participated · Equity · Oct 2024

Mento Labs is the team behind Mento, a decentralized EVM platform for launching and operating stable assets on Celo. Its core product is the Mento stability protocol, described as an over-collateralized, decentralized and transparent mechanism that uses a crypto reserve to allow users to adjust the supply of Mento stable assets in response to demand. The protocol also allows users to exchange Mento stable assets with reserve collateral assets. Mento published a stablecoin roadmap that outlines adding local digital currencies PUSO (Philippines), cCOP (Colombia) and cGHS (Ghana) to its growing roster of decentralized stablecoins. The Mento reserve was previously called the Celo reserve. The team announced a $10M raise to support the project’s development and roadmap publication.

Participated · Seed · Dec 2023

Founded in 2023 by fintech veterans Simon Vans-Colina, Salim Dhanani, and Dmitry Bocharov, Pave Bank delivers both traditional and programmable banking rails through APIs and smart-contract infrastructure. Its platform enables businesses to automate payments, transfers, and treasury functions while seamlessly handling fiat and digital-asset transactions. Headquartered in Singapore with a Georgian banking licence and a London office, the company positions itself at the intersection of regulated banking and blockchain technology. Management intends to expand operations into the United Arab Emirates, Hong Kong, and the European Economic Area to reach a wider enterprise customer base. Since launch, Pave Bank has secured roughly $45 million in total funding, underscoring investor confidence in its vision of programmable finance. The fresh capital will be deployed to deepen product development, obtain additional regulatory approvals, and scale geographic coverage.

Participated · Equity · Nov 2016

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 A · Sep 2015

NoviFlow provides OpenFlow-based switching solutions to network carriers, data center operators and enterprises, focusing on network processor-based switching solutions and applications. The company was founded in March 2012 as a spin-out of the Université du Québec à Montréal and is led by president and CEO Dominique Jodoin. NoviFlow is based in Montreal and also has offices in Sunnyvale and Seattle. It closed a $9.0M Series A round of funding. The round was led by Fonds de solidarité FTQ with participation from W3 Investissement, Somel Investments and previous investors and directors of NoviFlow. The company plans to use the funds to expand global sales resources and marketing activities and to further invest in its switching solutions and applications.