Led · Convertible Note · Sep 2025

GHGSat develops and operates satellite-based emissions-monitoring technology that pinpoints greenhouse-gas releases directly to their source with high speed and accuracy. Its analytics platform converts these observations into actionable insights, enabling industrial operators to enhance efficiency while reducing environmental impact. Founded in 2011, the Montreal company has built a global footprint for its emissions intelligence services. GHGSat plans to leverage its expanding satellite constellation and data products to pursue rapid international growth. The newly raised capital will support this expansion and the continued evolution of its technology and analytics offerings. Cumulatively, GHGSat has secured CAD$173 million in equity and debt financing, underscoring sustained investor confidence in its approach.

Led · Series C · Mar 2025

Nanoprecise Sci Corp provides an AI-powered, energy-centered predictive maintenance solution that combines IoT sensor technology with artificial intelligence and machine learning to improve machine efficiency and sustainability. Its hardware and software are designed for harsh industrial environments and meet certifications such as Zone 0 and C1D1. The company is SOC II Type II certified and emphasizes cybersecurity by design. Led by CEO Sunil Vedula, the team recently added Param Desai as Chief Product Officer and Kevin Clark as Chief Evangelist. Nanoprecise intends to use the new funding to expand operations and accelerate product development. The company is based in Edmonton, Alberta, Canada. Nanoprecise provides an automated AI- and IoT-based maintenance solution that reads and interprets machine data to predict remaining useful life and detect early changes in operations. Its diagnostics are designed to reduce unplanned outages, increase safety, and lower maintenance costs. The company employs approximately 100 people and maintains offices in Canada, the U.S., India, and Europe. Nanoprecise plans to use new funding for working capital as it expands across Canada and internationally. Financially, it has secured a $3.5 million debt facility to support its accelerated growth. Management emphasized the importance of partnering with a financial institution that understands its vision for the asset-prediction space. Nanoprecise Sci is an Edmonton, Canada-based provider of AI-based condition monitoring and prescriptive maintenance solutions that leverage AI and IIoT for predictive asset maintenance. Its platform delivers energy efficiency and health analytics for industrial machines and aims to reduce manufacturing plants' carbon footprints. The company implements AI and IIoT technology across sectors to support customers' Industry 4.0 initiatives. Led by CEO Sunil Vedula, Nanoprecise positions itself as defining the industry's service standard for monitoring and analytics of industrial assets. The company raised $10M in a Series B to accelerate international deployment of its solutions. The round was led by Export Development Canada, with participation from Honeywell Ventures, NSK Ltd., and EC Mergers & Acquisitions. Nanoprecise combines a 6in1 MachineDoctor™ IoT sensor with its RotationLF™ analytics software to deliver automated predictive and prescriptive maintenance. The MachineDoctor records RPM, sound, vibration, temperature, humidity and other parameters to detect anomalies and predict remaining useful life (RUL) of assets such as motors, gearboxes, turbines and compressors. Its analytics are driven by ML/AI algorithms and the company offers multiple commercial models to help organizations maximize ROI. Nanoprecise says its systems can predict RUL with up to 99% accuracy. The company was founded in 2015 in Edmonton, Alberta and was founded by Sunil Vedula; it has offices in Canada, the USA, the UK and India. It announced an investment led by Sensata Technologies to continue strengthening its solutions and expand its global customer base.

Led · Series A · Oct 2024

Oloid provides identity and access management solutions focused on deskless and frontline workers, using multi-modal biometric authentication and integrations with HR, IT, and cyber and physical systems. The platform aims to establish a unified security framework and modernize physical security without costly infrastructure overhauls. Oloid integrates with existing systems to enable features such as the OLOID Time Clock linking to workforce systems. Customers include Flex, Tyson Foods, and Honeywell. The company has achieved Workday Innovation Partner status and a Workday Certified Integration connecting Workday HCM and Time Tracking with its Time Clock. Led by CEO Mohit Garg, Oloid intends to use new funding to expand operations and accelerate product development. Oloid builds a software-first physical identity platform that integrates with existing on-prem access control systems to enable mobile access and contactless biometrics via a mobile app. Its product offers cloud-enabled features such as remote management, pre-built API integrations, advanced analytics and simplified user management while coexisting with existing locks, badge readers and access control systems. The company is offering a self-install retrofit product and is running a Beta program in which retrofit upgrades are being offered at no cost. Oloid positions its solution as a SaaS-style replacement for hardware-centric access control to reduce capital expenditure and installation friction. The company plans to use new funding to expand its retrofit access control product portfolio and to build nationwide sales and marketing operations. Mohit Garg, Co-founder and CEO, said the round will help extend compatibility with a wider range of badge readers and access control systems. Oloid offers a COVID-era contactless biometrics platform, FaceVault, that enables frictionless facial authentication for time clocks, doors and turnstiles without replacing existing infrastructure. The platform detects PPE face masks and can prompt for voice recognition or QR codes when confidence is low; it also supports temperature scanning to identify elevated body temperature at access points. Oloid integrates with standard tablets, leading time-and-attendance systems and most physical access control systems (PACS). The company emerged from stealth and launched nationwide after a private beta begun in 2018 that included thousands of workers and deployments with customers such as Flex. Oloid emphasizes a privacy-forward architecture: facial images are converted to encrypted numerical codes, source images are discarded, and end-users can manage consent and view identity-use logs. The company recently closed a $5M seed round and is headquartered in Sunnyvale, CA.

Participated · Equity · Oct 2024

Arolytics develops environmental reporting software that helps for-profit businesses document and predict methane emissions. The company grew out of research at St. Francis Xavier University and was founded in 2018. Its product addresses rising regulatory requirements—such as new U.S. EPA rules and Canada’s methane-reduction targets—by tracking abnormal methane releases not captured by standard methodologies. Arolytics reported 250% revenue growth from 2021 to 2022. The team has grown to 27 employees, nearly double the prior year, and plans to reach about 30 with its first U.S. hire focused on business development. Management says new funding will be used primarily to scale the team and accelerate U.S. expansion, with continued emphasis on technical hires to keep pace with market demand.

Led · Series A · May 2024

Netskrt Systems is a Content Delivery Network (CDN) provider focused on improving over-the-top (OTT) streaming video quality at the network edge. Its eCDN delivers tier 1 streaming video on demand (VOD) and live media across Canada, the United States, and the United Kingdom. The company’s solution targets high-quality viewing in urban, rural and remote areas as well as in-flight, and is particularly well suited to live sporting events and popular VOD content. With the Series A financing, Netskrt plans to expand its edge CDN footprint into international markets including Europe and South America, and into airlines and other travel markets. The investment will also fund expansion of customer support, engineering, and operations to fulfill its global eCDN mission. Netskrt secured CA$10 million in Series A equity financing, reflecting investor confidence in its team and technology.