Canadian Business Growth Fund — Full Portfolio

Appficiency is a NetSuite consulting firm that designs and implements enterprise resource planning (ERP) solutions for mid-market and Fortune 500 companies across construction, professional services, manufacturing, and other industries.

Cloud ComputingConstruction TechEnterprise SoftwareSaaSToronto, CA

JTJohnny Than(CEO & Founder)Mike Diep(Co-Owner)

Appnovation provides nearshore software development and digital transformation services through distributed teams based in the Americas, Europe, and Asia, with specialized expertise in high-compliance industries like finance, healthcare, and insurance.

AI & Machine LearningDeveloper ToolsDigital HealthEnterprise SoftwareVancouver, CA

ALArnold Leungin

Co-investorsBUBusiness Growth FundEXExport Development Canada (EDC)

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)MGMichael Gradek(CTO)inFTFrederic Thouin(Chief Analytics Officer)inLP Maurice(Founder)inDBDavid Burridge(Secretary and VP Finance and Corporate Development)inEBErik Blachford(Director)in

Co-investorsK3K3 VenturesOMOMERS VenturesPLPlaza VenturesWIWIND VenturesINInovia CapitalRERevolution

Capficiency is a private equity firm that identifies investment opportunities in the lower-middle market and works with portfolio company management teams to drive operational growth and value creation.

Enterprise SoftwareSaaSSector AgnosticToronto, CA

MDMichael Diep(Co-founder & Managing Partner)inJohnny Than(Co-founder & Partner)

Cold Bore Technology builds digital completions data software for oil and gas well completion operations, including SmartPAD (a digital twin providing a standardized real-time dataset), IntelliSONIC (high-frequency pressure and acoustic monitoring), and OffsetWELLS (real-time FDI monitoring).

Data & InfrastructureEnergySaaSCalgary

BCBrett Chell(Director)inAFALEX FORTIN(Chief Technology Officer)inSCSHANE CASSELL(Chief Revenue Officer)inBLBLAIR LAYTON(Interim Chief Executive Officer and Chief Financial Officer)inCameron Brett Chell(Director)

BoardJAMIE LEARMOUTH(Director)

Co-investorsRIRice Investment GroupBPbp ventures

Environmental 360 Solutions Ltd. provides end-to-end waste management, organic processing, and recycling services for communities.

Circular EconomyCleantechClimate TechImpact & Social Good

Co-investorsBLBlackRockOAOaktree

FundThrough provides invoice factoring and funding technology that lets small businesses convert unpaid invoices into working capital quickly.

FintechSaaSToronto, CA

SUSteven Uster(Co-Founder & CEO)in

Co-investorsSCScaleUP Ventures

LaBarge Weinstein is a Canadian corporate law firm specializing in business advisory services for technology startups, private corporations, and venture capital firms from early stage through exit.

LegalTechToronto, CA

Debbie Weinstein(Founder)PLPaul LaBarge(Founder)in

Co-investorsEDEdmonton UnlimitedALAlibaba Entrepreneurs FundAMAmplify Partners CVECEclipse VenturesEPEpiq CapitalEXExpa+6 more

Layla is a mental health platform that matches Canadians with registered therapists based on their needs and preferences, drawing on a vetted community of over 500 clinicians.

Digital HealthMarketplacesMental Health

Co-investorsBABaidu CapitalFIfirstminute capitalININCE CapitalM1M13

Librestream offers Onsight NOW, a service intelligence platform that combines real-time video collaboration, AI-driven guidance, and automated reporting to support industrial field service technicians.

Advanced ManufacturingAI & Machine LearningEnterprise SoftwareSaaS

Co-investorsEMEmerald Technology Ventures AgEVEvergy VenturesBDBDC Venture Capital

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 and network of law firms designed to help practices operate more efficiently through technology, specialized staffing, and operational improvements.

Enterprise SoftwareLegalTechNot stated, CA

TLTodd Litwiniuk(Founder)inFLFred Litwiniuk(Founder)

Minus Solutions provides food and liquid waste collection, recycling, and diversion services for commercial producers, offering customized equipment solutions and onsite waste management options.

Circular EconomyCleantechFoodTechLogistics & Supply ChainNew York, CA

Qing Yun Xie(Executive Officer, Director, Promoter)Carl Hu(Executive Officer, Director, Promoter)

BoardXiaojun Li(Director)Tim T. Gong(Director)

Co-investorsKEKensington Capital Partners LimitedLOLOWERCARBONLOLowercarbon CapitalCHChiratae VenturesIDIDG CapitalJIJITO Angel Network

Neovation offers custom learning solutions that transform organizations' training materials into interactive, engaging courses designed to build employee skills and deliver measurable business outcomes.

EdTechEnterprise SoftwareHR TechSaaS

Dan

PayBright was a Canadian buy-now-pay-later provider offering installment loans to shoppers, whose operations have been folded into Affirm's unified service for Canadian customers.

Fintech

Paystone is a Canadian payment processor and software platform that enables small businesses to accept payments, automate customer engagement, and manage reputation marketing.

FintechRetail TechSaaSLondon, CA

TATarique Al-Ansari(Founder)in

Co-investorsCRCrédit Mutuel Equity

PIANO PIANO is an Italian restaurant serving traditional Italian dishes such as pasta, pizza, and gelato.

ConsumerToronto, CA

VBVictor Barry(Chef & Owner)

ProcedureFlow builds software that converts static documents and PDFs into navigable, executable knowledge for teams and AI agents.

AI & Machine LearningEnterprise SoftwareSaaSSaint John, CA

DDDaniella DeGrace(Founder)in

Prodigy develops game-based learning platforms that teach math and language arts to elementary and middle school students through engaging, adaptive gameplay.

EdTechGaming

APAlex Peters(Co-Founder & Co-CEO)RMRohan Mahimker(Co-Founder & Co-CEO)

Proposify is a document platform that enables sales teams to create, send, track, and close deals through proposals, contracts, quotes, and e-signatures.

Enterprise SoftwareMarketing TechSaaSSales Tech

KRKyle Racki(Co-founder)inKSKevin Springer(Co-founder)in

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 provides operational and administrative support services to medical practices, allowing physicians to focus on patient care.

Digital HealthEnterprise SoftwareHealthtech

Olia Galeva(Chief Operating Officer)inGraham Neil(Chief Financial Officer)inDr. Robert Wald(Chief Strategy Officer)DKDr. Krishna Sharma(Director of Physician Engagement)Kenrick Sylvestre(VP of Corporate Development)

A video platform aggregating highlights from 250+ premium content partners and major sports leagues, offering exclusive web distribution rights to curated entertainment, lifestyle, business, news, travel, and finance content.

AdTechAI & Machine LearningDigital HealthMedia & Entertainment

Co-investorsEAEastward Capital Partners

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

Unyte Health develops evidence-based listening therapies — including the Safe and Sound Protocol, Rest and Restore Protocol, and Integrated Listening System — that use sound-based interventions to support nervous system regulation.

Digital HealthHealthtechMental Health

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

BKBrendan King(Chief Executive Officer)in

Co-investorsFOFoundryVAVanedge CapitalVAVanedge Capital Limited Partnership

Xello is a K-12 college and career readiness platform serving states and school districts across the United States.

EdTechSaaS

MMMatt McQuillen(Founder)in