Fundraising Fox

Flow Capital

Venture debt

Toronto · Growth–Late Stage

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Investment thesis

Flow Capital offers growth capital designed to help entrepreneurs scale their companies. It positions its financing as a middle-ground option that is more flexible than conventional bank debt while being less dilutive and less expensive than raising venture capital equity, targeting founders who want to grow with confidence.

Invests inBiotechConsumerFintechHealthtechMarketplacesSaaSCanadaEuropeNorth AmericaToronto

Source: firm website, verified Aug 3, 2026.

Stage
Growth–Late Stage
HQ
Toronto, ON, CA
Instruments
Debt
Tracked investments
47

What they invest in

from 34 of 47 portfolio companies

AI & Machine Learning ×15SaaS ×13Enterprise Software ×12Fintech ×7Marketing Tech ×5Data & Infrastructure ×4Healthtech ×4Cloud Computing ×3

HQs:United States×17Canada×4United Kingdom×2

Investments · 47 tracked

founders shown can be your intro path

By year:2022 · 12019 · 12 dated

Trugolftrugolf.comNASDAQ: TRUG
42Crunch42crunch.comin𝕏
Askvetaskvet.app

AskVERAai provides AI-powered veterinary consultations and customer engagement automation for veterinary practices.

AI & Machine LearningHealthtech

Aurora Designsaurora-designs.cain

Aurora Designs helps businesses identify and implement custom AI automation systems within their existing tools to eliminate manual work and improve operational efficiency.

AI & Machine LearningEnterprise SoftwareSaaS

AvantStayavantstay.comin

AvantStay organizes corporate team retreats and offsites, providing curated properties, dedicated coordination, catering, and activities for corporate groups.

B2B MarketplacesFuture of WorkPropTechTravel & HospitalityCulver City, US

Sean Breuner(Executive Officer, Director, Promoter)Reuben Doetsch(Executive Officer, Director, Promoter)Jesse Suarez(Executive Officer)Shawn Colo(Director)Rishi Reddy(Director)Frederick Tuomi(Director)

Ballotreadyballotready.org

BallotReady provides nonpartisan data on ballots, elections, and elected officials, along with tools for voter registration, polling place lookup, contacting officials, and running for office.

ConsumerData & InfrastructureGovTechImpact & Social GoodSaaSChicago, US

Aviva Rosman(Founder)Alexandra Niemczewski(Founder)

Bearabybearaby.com
Bluedropbluedrop.com

Bluedrop operates two business divisions: one providing integrated skills management solutions, and another offering complex equipment and mission training services.

EdTechEnterprise Software

Boardwalktechboardwalktech.com

Boardwalk Technologies provides a platform for automating and managing business operations, client relationships, and project workflows across departments such as supply chain, finance, and order management.

AI & Machine LearningEnterprise SoftwareSaaSCupertino, US

Steven Parry(Director)Dharmesh Dadbhala(Executive Officer)Ravi (Ganesh) Krishnan(Executive Officer, Director)Sarang Kulkarni(Executive Officer)James B Kuppe(Executive Officer)Glenn Cordingley(Executive Officer)

Clearbluetechnologiesclearbluetechnologies.comin𝕏

Clear Blue delivers managed off-grid solar power and lighting systems with cloud-based monitoring and 24/7 remote management for municipalities, telecom operators, and critical infrastructure globally.

CleantechEnergyIoTToronto, CA

Commonwealthretirementcommonwealthretirement.comin𝕏

Common Wealth provides a modern group retirement platform that helps Canadian employees and employers manage workplace pension plans with simplified onboarding and administration.

FintechSaaSCanada, CA

Congruity360congruity360.comin

Congruity360 provides unstructured data management and governance software for enterprises managing large, dispersed datasets across multiple storage systems.

AI & Machine LearningCloud ComputingData & InfrastructureEnterprise SoftwareFall River, US

ConnectAndSellconnectandsell.comin𝕏

ConnectAndSell provides a human- and AI-powered outbound sales dialing platform that connects sales reps directly with decision-makers by bypassing gatekeepers and voicemail.

AI & Machine LearningSaaSSales TechLos Gatos, US

Roger Lang(Director)Christopher Beall(Executive Officer, Director)William McLaren(Director)Jonathan Buckheit(Director)Stephen King(Director)Shawn McLaren(Founder)

CrowdPropertycrowdproperty.comin

CrowdProperty is a property investment platform offering property-backed lending opportunities where investors earn interest on projects secured by a first legal charge, with features like AutoInvest and an IFISA.

FintechMarketplacesPropTech

customar image 4tattleapp.com
Directscaledirectscale.comin𝕏

DirectScale, now part of Exigo, provides software platform solutions for MLM and direct-selling businesses.

Enterprise SoftwareSaaSLindon, US

Michael Lohner(Director)Jim Marks(Executive Officer, Director)Rodger Smith(Executive Officer, Director)

Echoboxechobox.comin𝕏

Echobox is an AI-powered social media management platform designed for publishers that automates content posting across multiple social networks by analyzing real-time and historical data to optimize timing and engagement.

AI & Machine LearningMarketing TechMedia & EntertainmentNew York, US

Escribemeetingsescribemeetings.com
EverWasheverwash.cominFeb 2022

EverWash offers a subscription service that partners with local car washes to provide members unlimited washes for a monthly fee through an app.

AI & Machine LearningConsumerMarketplacesMobility & TransportationSaaSPhiladelphia, US

Raymond Wong(Director)Jerry Goldstein(Director)Scott Caplan(Co-CEO, Treasurer, Secretary)John Cassady(Co-CEO)

Exigoexigo.comin

Exigo is an enterprise platform for direct selling and multi-level marketing (MLM) companies that provides commission management, back-office operations, eCommerce, analytics, and field engagement tools.

Enterprise SoftwareMarketing TechSaaS

Factor 75

High-growth company that used Flow's revenue-based financing.

Factor_factor75.com
Guardifyguardify.comin𝕏Dec 2019

Guardify is a cloud-based SaaS platform for managing digital video evidence, serving child advocacy centers, child protective services, prosecutors, and law enforcement in the United States.

Cloud ComputingGovTechSaaSOmaha, US

Shelly Kurtz(Director)Ben Jackson(Executive Officer, Director)Luis J. Salazar(Executive Officer, Director)

BoardDusty Davidson(Director)Alexander Gounares(Director)Annette Smith(Director)

Herettoheretto.comin𝕏

Heretto is a cloud-based, DITA-powered content operations platform with a component content management system (CCMS), Deploy API, and portal tools that let enterprises create, distribute, and personalize product documentation and self-service help sites.

AI & Machine LearningEnterprise SoftwareMarketing TechSaaSRochester, US

Hybridfinancialhybridfinancial.comin

Hybrid Financial maintains a proprietary database for marketing and sales campaigns, providing real-time contact intelligence and market data to guide outreach efforts.

Data & InfrastructureMarketing Tech

InteriorMarkinteriormark.com

InteriorMark is an online furniture retailer specializing in home theater and media room seating, including sectionals, loungers, seat accessories, and commercial-grade theater seating for venues.

ConsumerDirect to ConsumerE-commerce

Jobgetjobget.comin𝕏
Judijudi.aiin

JUDI.AI provides an AI-powered cloud platform that enables community banks and credit unions to streamline small business lending through automated underwriting based on real-time cash flow data.

AI & Machine LearningFintechSaaS

Kovokovo.coin𝕏

Kovo+ provides AI-powered process automation solutions focused initially on medical billing and revenue cycle management for healthcare providers, with plans to expand into IT connectivity, energy, and security sectors.

AI & Machine LearningEnterprise SoftwareHealthtech

Leveljumphealthcareleveljumphealthcare.com
Miniluxeminiluxe.com

Boston, US

Pino Anthony(Executive Officer)Andrew Ervin(Executive Officer)Mats Lederhausen(Director)Anthony Tjan(Executive Officer, Director)Matt Cornue(Director)

PadSplitpadsplit.comin𝕏

PropTechAtlanta, US

Arjan Schutte(Director)Atticus LeBlanc(Executive Officer, Director)Kathryn Petralia(Director)

Performioperformio.coin

Performio is a sales commission and incentive management platform that automates complex commission calculations with embedded AI, delivering real-time visibility to sellers and finance teams.

AI & Machine LearningSaaSSales Tech

Plantswitchplantswitch.comin

PlantSwitch manufactures home-compostable food packaging and cutlery products from agricultural waste, particularly rice hulls, using a proprietary CompostZero™ bio-resin that breaks down in backyard compost without leaving microplastics.

Circular EconomyFoodTechNew MaterialsSanford, US

MAXIME BLANDIN(Executive Officer, Director)DILLON BAXTER(Executive Officer, Director)

Pulseoilcorppulseoilcorp.com

Pulse Oil acquires and develops oil and gas assets, focusing on increasing reserves and production through strategic acquisitions and operational management.

Energy

Pyurepyure.cain𝕏

The Pyure Company manufactures commercial air purifiers that generate hydroxyls and diffuse organic oxidants indoors to reduce pathogens and air pollutants.

Advanced ManufacturingCleantechHardwareHealthtechBoynton Beach, US

Mahyar Khosravi(Executive Officer, Director)Joel Van Dusen(Director)Aki Georgacacos(Director)Cody Church(Director)Lew Lawrick(Director)Jean-Francois Huc(Executive Officer)

Stabilityhealthcarestabilityhealthcare.comin𝕏

Stability Healthcare operates a talent-matching platform that connects traveling nurses and healthcare professionals with hospitals and healthcare facilities nationwide.

HealthtechHR Tech

Tattle

Business supported by Flow with capital and introductions.

Tnsitnsi.comin𝕏

TNS provides infrastructure-as-a-service solutions for voice protection, financial connectivity, and payment processing across carrier, financial services, and enterprise networks.

Cloud ComputingEnterprise SoftwareFintech

TVision

Company financed by Flow using tailored funding around its unique IP.

TVision Insightstvisioninsights.comin𝕏

TVision uses computer vision technology to collect second-by-second, person-level TV viewing and attention data from a nationally representative panel of households.

AdTechAI & Machine LearningMarketing TechCambridge, US

Bob Mason(Director)Yanfeng Liu(Executive Officer, Director)Daniel Schiffman(Executive Officer, Director)

Unasoftwareunasoftware.comin

Una provides AI-native financial planning and analysis software for finance teams, combining revenue intelligence, continuous reforecasting, and execution tracking in a single platform.

AI & Machine LearningEnterprise SoftwareFintech

Wedge Networkswedgenetworks.comin𝕏

Wedge Networks provides an AI-driven security platform that detects novel and known threats, orchestrates network security through software-defined approaches, and deploys edge-based traffic scanning and threat response.

AI & Machine LearningCybersecurityEnterprise Software

Hussein Amery(Director)Rob Fong(Executive Officer)Norman Betts(Director)Rehan Huda(Director)Hongwen Zhang(Executive Officer, Director)Husam Kinawi(Executive Officer)

Wirkn

Company supported by Flow through multiple financing rounds and a successful acquisition.

Wondeurwondeur.ai

Wondeur develops AI systems to analyze and monitor risk on alternative assets (particularly art) for financial institutions.

AI & Machine LearningEnterprise SoftwareFintech

Worldsourcewealthworldsourcewealth.com

Worldsource is an independent wealth management dealer providing investment solutions, digital tools, and advisory support services to financial advisors and their clients in Canada.

FintechSaaSCanada, CA

Wriskwrisk.coin

Wrist provides customer-centric, data-driven insurance experiences, including subscription-based insurance products and real-time analytics tools for insurance partners.

Data & InfrastructureInsurTechLondon, GB

Exits · 1

IPOs and acquisitions across the tracked portfolio

TrugolfNASDAQ: TRUG

Portfolio news

latest coverage across their companies

Frequently asked questions

What stage does Flow Capital invest at?
Flow Capital invests at the Growth, Late Stage stages.
What sectors does Flow Capital focus on?
Flow Capital focuses on Biotech, Consumer, Fintech, Healthtech, Marketplaces, SaaS.
Where is Flow Capital located?
Flow Capital is headquartered in Toronto, CA.

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