Pender Growth Fund
Growth equityVancouver · Seed–Growth · 9 people tracked
Investment thesis
Pender Growth Fund, managed by PenderFund Capital Management, invests in early-stage and emerging growth companies with a strong emphasis on the technology sector. The firm applies a value-investing philosophy, estimating a company's intrinsic value and investing at a discount to build in a margin of safety, with the goal of reducing risk and generating long-term performance. It backs exceptional entrepreneurs and teams building world-class products, taking active board roles in its portfolio companies across technology, healthcare, and consumer sectors, primarily focused on North America.
Source: firm website, verified Aug 3, 2026.
Team · 9 people
from the firm's website & public directories
What they invest in
from 11 of 24 portfolio companiesSaaS ×7Enterprise Software ×5AI & Machine Learning ×3Energy ×3IoT ×2Cleantech ×1Cloud Computing ×1Data & Infrastructure ×1
HQs:Canada×2
Investments · 24 tracked
founders shown can be your intro pathBy year:2018 · 22016 · 12015 · 14 dated
D-Wave develops quantum computing systems and platforms using both annealing and gate-model technologies to solve optimization and complex computational problems for enterprises and researchers.
Deep TechEnterprise SoftwareQuantum ComputingBurnaby
Kirstjen Nielsen(Director)Diane Nguyen(Executive Officer)Rohit Ghai(Director)John D. DiLullo(Director)Alan E. Baratz(Executive Officer, Director)Roger Biscay(Director)
Portfolio company that recently commenced trading following a proposed business combination.
EnergyBurnaby
Nathan Gilliland(Executive Officer, Director)Rick Wills(Director)Michael Laberge(Executive Officer)Klaas de Boer(Director)Susan Koch(Executive Officer)Jacques Besnainou(Director)
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
William Wignall(Executive Officer, Director)Al Guarino(Director)Yves Laliberte(Director)Tony Lewis(Executive Officer)David Moore(Executive Officer)Allan Brett(Director)
Tantalus provides a Grid Modernization Platform that enables utilities to manage electricity distribution infrastructure through data interoperability across devices and systems, including legacy equipment and distributed energy resources.
Data & InfrastructureEnergyIoTBurnaby
John McEwen(Director)Dermot O'Leary(Executive Officer)Francis Harvey(Director)Peter Londa(Executive Officer, Director)
BoardAllen Beasley(Director)
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 SoftwareSaaS
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
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
Toronto
AARON SKELTON(CHIEF OPERATING OFFICER)MICHAEL LOVSIN(Director)JAMES HAGGARTY(Director)Matthew von Teichman(DIRECTOR, PRESIDENT AND CHIEF EXECUTIVE OFFICER)KEITH JACKSON(CHIEF FINANCIAL OFFICER)ROGER DAHER(Director)
Portfolio company (board position held by Pender team member).
Portfolio company (board position held by Pender team member).
Entity in which Pender Growth Fund holds a proportionate NAV interest.
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
Calgary, CA
Maury Marks(Executive Officer, Director)Michael Podovilinikoff(Director)Don Ichelson(Executive Officer)Scott Eisenfelder(Director)Mark Allen(Executive Officer)Craig Niebor(Director)
Vigil Health Solutions provides a care platform that supports multiple levels of care, designed to scale with resident populations.
Healthtech
Portfolio company (board position held by Pender team member).
Graphically Speaking is a digital agency that designs, builds, and optimizes websites and digital experiences for businesses and organizations.
Marketing TechSaaS
Exits · 4
IPOs and acquisitions across the tracked portfolioD-WaveNASDAQ: QBTSGeneral FusionNASDAQ: GFUZSangoma TechnologiesNASDAQ: SANGTantalus SystemsOTC: TGMPF
Portfolio news
latest coverage across their companiesTantalus Systems · simplywall.st · Jul 16, 2026
Frequently asked questions
- 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, Energy, Enterprise Software, Fintech, Healthtech, IoT, Marketplaces, Quantum Computing, SaaS.
- Where is Pender Growth Fund located?
- Pender Growth Fund is headquartered in Vancouver, CA.
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