Fundraising FoxPender Growth Fund
Crossover fundVancouver · Seed–Growth · 9 people tracked
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Investment thesis
Pender pursues a value-investing philosophy, estimating a company's intrinsic value and investing at a discount with a margin of safety to reduce risk and support long-term performance. Applied to the fund's private equity and venture holdings, this contrarian approach favors unpopular opportunities and quality assets acquired below intrinsic value. The fund backs exceptional entrepreneurs and teams building world-class technology products, with an emphasis on emerging growth companies across enterprise software, e-commerce, healthtech and related sectors, largely based in British Columbia and across North America.
Source: firm website, verified Sep 27, 2026.
Team · 9 people
from the firm's website & public directories
What they invest in
from 17 of 23 portfolio companiesEnterprise Software ×8SaaS ×8AI & Machine Learning ×5Cleantech ×3Deep Tech ×3Energy ×3Cloud Computing ×2Fintech ×2
HQs:Canada×5United States×2
Investments · 23 tracked
founders shown can be your intro pathBy year:2018 · 22016 · 12015 · 12014 · 15 dated
D-Wave is a quantum computing company offering both annealing and gate-model systems for solving optimization, simulation, and modeling problems.
Cloud ComputingDeep TechEnterprise SoftwareQuantum ComputingBurnaby, US
J. Haig Deb Farris(Director, Promoter)Geordie Rose(Founder)inEric Ladizinsky(Executive Officer)Diane Nguyen(Executive Officer)inJohn M. Markovich(Executive Officer)inWarren Wall(Executive Officer)in
Co-investorsDefined VCDraper AssociatesFuture VenturesIn-Q-TelKensington Capital Partners LimitedRuna Capital+3 more
General Fusion develops Magnetized Target Fusion (MTF) technology, combining plasma physics, mechanical compression, and liquid metal systems to build a practical, cost-competitive fusion power plant.
CleantechDeep TechEnergyBurnaby, CA
Michael Laberge(Executive Officer)Michel Laberge(Founder & Chief Science Officer)inNathan Gilliland(Executive Officer, Director)inSusan Koch(Executive Officer)inGreg Twinney(Chief Executive Officer)inMegan Wilson(Chief Strategy Officer)in
Co-investorsBraemar Energy VenturesChrysalixEvolution VC PartnersHelium-3 VenturesJIMCONew Ground Ventures+10 more
Sangoma TeamHub is a unified business communications app combining voice calling, SMS/MMS, chat, file sharing, video meetings, and a receptionist dashboard.
Cloud ComputingEnterprise SoftwareHardwareSaaSMarkham
David Mandelstam(Director)inWilliam Wignall(Executive Officer, Director)Tony Lewis(Executive Officer)inCharles SalamehinAl Guarino(Director)Yves Laliberte(Director)
Tantalus provides grid modernization technology for electric utilities, centered on a modular platform that delivers data interoperability across metering devices, substations, distribution circuits, and distributed energy resources from multiple vendors.
CleantechEnergyIoTBurnaby, US
Dermot O'Leary(Executive Officer)inPeter Londa(Executive Officer, Director)in
BoardAllen Beasley(Director)John McEwen(Director)Francis Harvey(Director)
Co-investorsConnecticut InnovationsRedpoint Ventures
Penders Software Holdings acquires and holds software companies as a permanent home, providing growth capital and strategic support while letting existing founders and management continue running the business.
Enterprise SoftwareSaaSVancouver, CA
Checkfront provides booking management software that lets experience-based businesses handle online reservations, real-time availability, resource management, automated notifications, digital waivers, pricing, deposits, and booking channel integrations.
SaaSSales TechTravel & Hospitality
Co-investorsFramework Venture PartnersPender VenturesInovia Capital
Clarius manufactures portable handheld ultrasound scanners with AI-enhanced imaging for point-of-care use by clinicians.
AI & Machine LearningDigital HealthMedical Devices
Co-investorsInBC Investment Corp.Pender Ventures
IFS Copperleaf provides enterprise decision analytics and asset investment planning software that helps electric utilities evaluate, optimize, and prioritize capital investment portfolios across their asset base.
AI & Machine LearningCleantechEnergyEnterprise SoftwareSaaS
Co-investorsPender VenturesShoreline Venture ManagementNational Grid Partners
BuildDirect is an online marketplace for home improvement and flooring products such as hardwood, tile, and other building materials, selling directly to homeowners and contractors.
Construction TechE-commerceMarketplaces
Co-investorsCowles Ventures
A web development agency that delivers custom digital solutions for B2B eCommerce, retail, manufacturing, healthcare, and professional services sectors.
Developer ToolsEnterprise SoftwareMarketing TechSaaS
INETCO provides real-time fraud detection and prevention solutions for digital payments and payment-powered industries.
AI & Machine LearningCybersecurityEnterprise SoftwareFintech
Co-investorsSFU VentureLabsWUTIF Capital
One45 provides assessment and program management software for higher education institutions, particularly in health sciences and medical education.
AI & Machine LearningEdTechSaaS
PenderFund Capital Management is an investment firm offering equity, fixed income, multi-asset, liquid alternative, and venture capital fund solutions to investors.
FintechCanada, CA
David Barr(Chief Executive Officer and Portfolio Manager)inGreg Taylor(Chief Investment Officer and Portfolio Manager)in
TrueContext (formerly ProntoForms) offers a low-code mobile field intelligence platform that lets frontline teams deploy connected mobile workflows and forms, capture AI-ready field data, and enforce in-field compliance.
AI & Machine LearningEnterprise SoftwareIoTSaaS
Quorum Information Technologies provides software solutions for vehicle dealerships, addressing the fragmentation caused by the need to integrate across numerous disparate software vendors and solution categories to manage dealership operations.
Enterprise SoftwareSaaSCalgary, CA
Maury Marks(Executive Officer, Director)inDon Ichelson(Executive Officer)Mark Allen(Executive Officer)inMarilyn Bown(Executive Officer)in
BoardMichael Podovilinikoff(Director)Scott Eisenfelder(Director)
Redlen Technologies makes multi-energy radiation imaging modules built on its proprietary Cadmium Zinc Telluride (CZT) semiconductor sensors, with a focus on Photon Counting detector solutions for Computed Tomography (PCCT).
Deep TechHardwareMedical DevicesSemiconductorsSaanichton
Glenn Bindley(Executive Officer, Director)inEric Erikson(Executive Officer)Jim Balcom(Executive Officer)inRich Mather(President & CEO)inJay Dent(Chief Financial Officer)in
BoardRalph Turfus(Director)
Co-investorsIn-Q-TelWUTIF CapitalYaletown PartnersPangaea Ventures Us Inc.
Vigil Health Solutions provides a care platform that supports multiple levels of care, designed to scale with resident populations.
Healthtech
Other
Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.
InscapeMethylation SciencesPender Private Investments Inc.TeradiciVitrium Technologies
Exits · 5
4 IPOs · 1 acquisitions · showing 4D-WaveNASDAQ: QBTSGeneral FusionNASDAQ: GFUZSangoma TechnologiesNASDAQ: SANGTantalus SystemsOTC: TGMPF
Portfolio news
latest coverage across their companies
General Fusion · techcrunch.com · Aug 15, 2026
Copperleaf · copperleaf.com · Aug 4, 2026
Frequently asked questions
- How many investments has Pender Growth Fund made?
- Pender Growth Fund has 23 tracked investments, 5 of which have exited.
- What stage does Pender Growth Fund invest at?
- Pender Growth Fund invests at the Seed, Series A, Growth stages.
- What is Pender Growth Fund's typical check size?
- Pender Growth Fund typically writes checks of $365K – $2.2M.
- What sectors does Pender Growth Fund focus on?
- Pender Growth Fund focuses on Cleantech, Consumer, Data & Infrastructure, Deep Tech, E-commerce, Energy, Enterprise Software, Fintech, Healthtech, IoT, Marketplaces, Medical Devices, Quantum Computing, SaaS.
- Where is Pender Growth Fund located?
- Pender Growth Fund is headquartered in Vancouver, CA.
- Who does Pender Growth Fund co-invest with?
- Pender Growth Fund most often shares deals with In-Q-Tel, Pender Ventures, WUTIF Capital, among 27 tracked co-investors.
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