Canadian Business Growth Fund
Growth equityToronto · Growth · 26 people tracked
Investment thesis
CBGF has a national mandate to supply long-term, patient, minority capital to Canadian entrepreneurs pursuing growth, expansion, or transition strategies. Backed by Canada's leading banks and insurance companies, the firm positions itself as an independent, values-driven partner for management teams looking to scale their businesses to the next level. With capital commitments of $545 million, it focuses on supporting established companies over long time horizons rather than taking control positions.
Source: firm website, verified Aug 3, 2026.
Team · 26 people
from the firm's website & public directories
What they invest in
from 22 of 47 portfolio companiesSaaS ×11Enterprise Software ×4AI & Machine Learning ×3Digital Health ×3EdTech ×3Fintech ×3Healthtech ×3Marketing Tech ×3
HQs:Canada×11
Investments · 47 tracked
founders shown can be your intro pathBy year:2023 · 12018 · 12 dated
Toronto
Robert Madej(Executive Officer, Director)Emma Purdy(Director)James Norman Roche(Director)Vamsi Yadlapati(Director)
Board seatDale Tingley· per SEC Form D
Appficiency is an Oracle NetSuite Alliance Partner and enterprise transformation consultancy that implements and customizes ERP and business systems across NetSuite, Salesforce, and Microsoft, including proprietary job-costing tools native to NetSuite.
Cloud ComputingEnterprise SoftwareSaaS
Appnovation is a global full-service digital agency offering strategy, AI, experience and design, engineering, and managed services.
AI & Machine LearningEnterprise Software
Busbud is a platform that aggregates and enables booking of intercity bus tickets from thousands of bus operators across 80+ countries.
B2B MarketplacesMarketplacesSaaSTravel & HospitalityMontreal, CA
Louis-Philippe Maurice(CEO)Michael Gradek(CTO)Frederic Thouin(Chief Analytics Officer)Erik Blachford(Director)David Burridge(Secretary and VP Finance and Corporate Development)Philippe Vimard(Director)
Capficiency is a private equity firm that partners with founders and management teams to provide operational leadership and support growth.
Sector AgnosticToronto, CA
FundThrough provides invoice factoring and funding technology that lets small businesses convert unpaid invoices into working capital quickly.
FintechSaaSToronto, CA
Steven Uster(Co-Founder & CEO)
Lift Auto Group is an operator and consolidator of collision repair shops, growing by acquiring smaller independent operators across Canada.
Mobility & TransportationKelowna, CA
Mark Reineking(President & CEO)
Litco LSO is a Legal Support Organization that partners with law firms across North America, offering business structure and financing alternatives to independent legal practices.
LegalTech
PIANO PIANO is an Italian restaurant serving traditional Italian dishes such as pasta, pizza, and gelato.
ConsumerToronto, CA
Victor Barry(Chef & Owner)
ProcedureFlow builds software that converts static documents and PDFs into navigable, executable knowledge for teams and AI agents.
AI & Machine LearningEnterprise SoftwareSaaS
Prodigy offers adaptive, game-based learning platforms where children practice standards-aligned Math and English skills through gameplay.
EdTechGaming
SnapOn Software (formerly KWIZ, ProvisionPoint, and Appficiency SST) develops add-on software for Microsoft 365 and Oracle NetSuite environments, covering collaboration and productivity, security, compliance, and governance.
Developer ToolsEnterprise SoftwareSaaS
Specialty Medical Partners operates a partnership model with specialist medical practices, providing services such as recruitment and succession planning, practice management, referral management, business support, and technology.
Digital HealthHealthtech
ChangeMakers is a Canadian consultancy offering PR and reputation management, social impact consulting, marketing and advertising, organizational change management, and agribusiness and international trade services.
HealthtechImpact & Social GoodMarketing Tech
Vendasta is an AI customer acquisition and engagement platform that automates marketing, sales, and operations for small businesses and their service partners using integrated AI employees and data.
AI & Machine LearningMarketing TechSaaSSales TechSaskatoon, CA
Brendan King(Chief Executive Officer)in
Xello offers a college and career readiness (CCR) software program that places students at the center of their planning, helping them build self-knowledge, explore post-secondary options, and create plans.
EdTechSaaS
Frequently asked questions
- What stage does Canadian Business Growth Fund invest at?
- Canadian Business Growth Fund invests at the Growth stage.
- What is Canadian Business Growth Fund's typical check size?
- Canadian Business Growth Fund typically writes checks of $3.6M – $14.6M.
- What sectors does Canadian Business Growth Fund focus on?
- Canadian Business Growth Fund focuses on Cleantech, Consumer, Data & Infrastructure, EdTech, Enterprise Software, Fintech, Healthtech, Media & Entertainment, Mobility & Transportation, PropTech, SaaS, Sector Agnostic.
- Where is Canadian Business Growth Fund located?
- Canadian Business Growth Fund is headquartered in Toronto, CA.
- Does Canadian Business Growth Fund lead rounds?
- Canadian Business Growth Fund typically participates in rounds rather than leading them.
Media · Podcasts & interviews
featuring the teamA conversation with Dale Tingley, Co-Managing Partner at Canadian Business Growth Fund | BDO Canada
BDO Canada LLP · Dale Tingley
CBGF Testimonials (English)
Canadian Business Growth Fund
Images
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