# Canadian Business Growth Fund (CBGF) > The Canadian Business Growth Fund (CBGF) provides long-term, patient, minority capital to ambitious mid-market Canadian entrepreneurs. This index contains detailed information on our investment criteria (typically $5M-$20M investments for 10-40% equity), our team, and our mission to help Canadian businesses scale. It also includes a comprehensive archive of press releases, > The following links are organized into three primary sections: 1. **News & Insights:** Press releases regarding new investments (e.g., Felix, Minus Waste Solutions, Amilia), exits (e.g., PayBright, PureFacts), and educational articles for entrepreneurs. 2. **Core Information:** Key pages detailing our "Patient Capital" approach, corporate history, annual reports, and investment criteria. 3. **Portfolio Companies:** Individual profiles for our partners across various sectors, including software, industrial, and healthcare (e.g., Vendasta, Appficiency, Lift Auto Group). --- ## Pages - [Bilan de l’année 2025](https://cbgf.com/fr/bilan-de-lannee-2025/): Lettre de nos associés co-gestionnaires : Acceptez le changement, maintenez le cap Dale Tingley et Hai Tran-Viet ASSOCIÉS CO-GESTIONNAIRES https://cbgf.... - [Year In Review 2025](https://cbgf.com/year-in-review-2025/): Letter From the Co-Managing Partners: Embrace Change, Stay the Course Dale Tingley and Hai Tran-Viet CO-MANAGING PARTNERS https://cbgf. com/wp-content/uploads/2022/06/CBGF_TeamPhoto_BlurredBackground_DanTingley_April2024. jpghttps://cbgf.... - [Bilan de l’année 2024](https://cbgf.com/fr/bilan-de-lannee-2024/): Lettre de nos associés co-gestionnaires : Accepter les changements Dale Tingley et Hai Tran-Viet ASSOCIÉS CO-GESTIONNAIRES https://cbgf. com/wp-content/uploads/2022/06/CBGF_TeamPhoto_BlurredBackground_DanTingley_April2024. jpghttps://cbgf. com/wp-content/uploads/2022/06/CBGF_TeamPhoto_BlurredBackground_HaiTranViet_April2024.... - [Year In Review 2024](https://cbgf.com/year-in-review-2024/): Letter From the Co-Managing Partners: Embracing ChangeDale Tingley and Hai Tran-Viet CO-MANAGING PARTNERS https://cbgf. com/wp-content/uploads/2022/06/CBGF_TeamPhoto_BlurredBackground_DanTingley_April2024. jpghttps://cbgf. com/wp-content/uploads/2022/06/CBGF_TeamPhoto_BlurredBackground_HaiTranViet_April2024. jpg“Amid all this... - [Bilan de l’année 2023](https://cbgf.com/fr/bilan-de-lannee-2023/): La lettre du PDG : 5 années de soutien aux entrepreneurs du Canada L’année 2023 a été une année charnière... - [Year In Review 2023](https://cbgf.com/year-in-review-2023/): Letter from the CEO: 5 Years of Backing Entrepreneurs in Canada 2023 was a milestone year for the Canadian Business... - [Bilan de l'année 2022](https://cbgf.com/fr/bilan-de-lannee-2022/): Lettre du PDG : Comment aider les entreprises en période économique difficile L’année dernière a été difficile à bien des... - [Year In Review 2022](https://cbgf.com/year-in-review-2022/): Letter from the CEO: Helping Companies in a Challenged Economy The past year has been challenging in many respects for... - [Vidéos de Témoignage](https://cbgf.com/fr/videos-de-temoignage/): Vidéos de Témoignage Rencontrez certains des partenaires opérationnels du CBGF et écoutez ce qu'ils ont à dire sur la collaboration... - [Rapports Annuels](https://cbgf.com/fr/rapports-annuels/): https://cbgf. com/wp-content/uploads/2026/01/CBGF_YearInReview_2025_FR_Cover-232x300. jpgVoir le rapporthttps://cbgf. com/wp-content/uploads/2025/01/CBGF_YearInReview_2024_FR-scaled. jpgVoir le rapporthttps://cbgf. com/wp-content/uploads/2024/02/2023_CBGF_YearInReview_Cover_FR. jpgVoir le rapporthttps://cbgf. com/wp-content/uploads/2023/01/2022_CBGF_YearInReview_Cover_FR. jpgVoir le rapporthttps://cbgf. com/wp-content/uploads/2022/06/2021-FR. jpgVoir le... - [Testimonials](https://cbgf.com/testimonials/): Portfolio Testimonials Meet some of CBGF’s operating partners and hear what they have to say about working with our team.... - [Histoire de Corporate](https://cbgf.com/fr/histoire-de-corporate/): fév 2017 Le 6 février 2017 Le Conseil consultatif sur la croissance économique a recommandé la création d'un Fonds de... - [Reports](https://cbgf.com/reports/): https://cbgf. com/wp-content/uploads/2026/01/CBGF_YearInReview_2025_EN_Cover-232x300. jpgVIEW REPORThttps://cbgf. com/wp-content/uploads/2025/01/CBGF_YearInReview_2024_Cover-scaled. jpgVIEW REPORThttps://cbgf. com/wp-content/uploads/2024/02/2023_CBGF_YearInReview_Cover_EN. jpgVIEW REPORThttps://cbgf. com/wp-content/uploads/2023/01/2022_CBGF_YearInReview_Cover_EN. jpgVIEW REPORThttps://cbgf. com/wp-content/uploads/2022/02/2021_CBGF_YearInReview_Cover_EN. jpgVIEW REPORThttps://cbgf. com/wp-content/uploads/2022/02/2020_CBGF_YearInReview_Cover_EN. jpgVIEW REPORThttps://cbgf. com/wp-content/uploads/2022/02/2019_CBGF_YearInReview_Cover_EN.... - [Bilan de l’année](https://cbgf.com/fr/bilan-de-lannee/): La lettre du PDGEn 2021, les Canadiens d'un océan à l'autre ont connu des épreuves, des triomphes, du désespoir et... - [Year In Review](https://cbgf.com/year-in-review/): Letter from the CEO Looking back at 2021, Canadians from coast to coast have experienced hardships, triumphs, despair, and resilience.... - [Corporate History](https://cbgf.com/corporate-history/): FEB 2017 FEBRUARY 6, 2017 The Advisory Council on Economic Growth recommended the creation of a private sector led Business... - [À Propos du CBGF](https://cbgf.com/fr/a-propos-du-cbgf/): https://cbgf. com/wp-content/uploads/2024/06/French-Certifee-B-Logo-White-RGB. png est maintenant B Corp Certifié https://cbgf. com/wp-content/uploads/2024/06/French-Certifee-B-Logo-White-RGB. png est maintenant B Corp Certifié https://cbgf. com/wp-content/uploads/2024/06/French-Certifee-B-Logo-White-RGB. png est... - [About](https://cbgf.com/about/): https://cbgf. com/wp-content/uploads/2024/06/B-Corp-Logo-White-RGB-2. png is now B Corp Certified https://cbgf. com/wp-content/uploads/2024/06/B-Corp-Logo-White-RGB-2. png is now B Corp Certified https://cbgf. com/wp-content/uploads/2024/06/B-Corp-Logo-White-RGB-2. png is... - [Questions fréquemment posées](https://cbgf.com/fr/questions-frequemment-posees/): Questions? Parcourez ces QFP sur le CBGF pour trouver des réponses aux questions communément posées. Vous ne trouvez pas ce... - [Frequently Asked Questions](https://cbgf.com/frequently-asked-questions/): Questions? Browse these CBGF FAQs to find answers to commonly raised questions. Don’t see what’s on your mind? Submit your... - [Portefeuille](https://cbgf.com/fr/portefeuille/): Le portefeuille du CBGF représente un échantillon de l’économie canadienne. Bien que diversifiées sur le plan géographique et industriel, les... - [Portfolio](https://cbgf.com/portfolio/): CBGF’s portfolio represents a cross-section of the Canadian economy. While diverse across geography and industry, a constant in CBGF’s portfolio... - [D’accueil](https://cbgf.com/fr/): Nous croyons Le CBGF aide les entreprises canadiennes en leur fournissant le capital, le talent et l'expertise dont elles ont... - [Contactez-Nous](https://cbgf.com/fr/contactez-nous/): Nos bureaux(416) 364-2243 (CBGF)1 833 459-2243 (CBGF) contact@cbgf. com 145 rue King Ouest, bureau 730 Toronto (Ontario) M5H 1J8 - [L’équipe](https://cbgf.com/fr/lequipe/): L’équipe du CBGF L'équipe du CBGF a été créée en tenant compte d'une chose : aider les entreprises canadiennes moyennes... - [Nouvelles & Perspectives](https://cbgf.com/fr/nouvelles-perspectives/) - [Légal](https://cbgf.com/fr/legal/): Conditions d'utilisation et politique de confidentialité Ces conditions d'utilisation et la politique de confidentialité régissent l'accès à l'utilisation du site... - [Réseau](https://cbgf.com/fr/reseau/): Le CBGF dispose d'un vaste réseau de chefs d'entreprise et d'experts d’industries qui ont une passion pour la croissance et... - [Inscription par courrier électronique](https://cbgf.com/fr/contactez-nous/inscription-par-courrier-electronique/): Inscrivez-vous pour recevoir des nouvelles et des mises à jour Inscrivez-vous pour recevoir les plus récentes nouvelles directement dans votre... - [Home](https://cbgf.com/): We Believe CBGF helps Canadian businesses with the capital, talent, and expertise they need to drive growth and realize their... - [Critères D’investissement](https://cbgf.com/fr/investment-criteria/): Notre objectif CBGF cherche à investir entre 5 et 20 millions de dollars dans des entreprises moyennes rentables ou presque... - [Notre Approche](https://cbgf.com/fr/notre-approche/): Réaliser de grandes choses nécessite du temps. C'est pourquoi le CBGF est structuré de manière à pouvoir adopter une approche... - [À Propos du CBGF](https://cbgf.com/fr/a-propos-du-fcec/): Vision La vision du CBGF consiste à devenir le principal investisseur en capital de croissance et le partenaire de choix... - [Legal](https://cbgf.com/legal/): Terms of Use and Privacy Policy These Terms of Use and Privacy Policy govern access to the use of the... - [News & Insights](https://cbgf.com/news-insights/) - [Email Signup](https://cbgf.com/contact/signup/): Sign up for news & updates Stay up-to-date on all things CBGF. Sign up to receive the latest news, direct... - [Contact](https://cbgf.com/contact/): Our Office 416-364-2243 (CBGF) Toll Free: 1-833-459-2243 (CBGF) contact@cbgf. com145 King Street West, Suite 730 Toronto, ON, M5H 1J8 - [Talent Network](https://cbgf.com/talent-network/): CBGF has an extensive network of business leaders and industry experts that have a passion for growth and helping companies... - [Our Approach](https://cbgf.com/our-approach/): Accomplishing great things takes time. Recognizing this, CBGF is structured so we can take a long-term and patient approach with... - [Investment Criteria](https://cbgf.com/investment-criteria/): Our Focus CBGF seeks to invest between $5 million to $20 million in profitable or near profitable mid-market companies with... - [Team](https://cbgf.com/team/): The CBGF Team The CBGF team was built with one thing in mind – helping mid-sized Canadian businesses grow. With... --- ## Posts - [The Role of Patient Capital in Sustainable Business Growth](https://cbgf.com/news-insights/the-role-of-patient-capital-in-sustainable-business-growth/): The Role of Patient Capital in Sustainable Business Growth In an era where short-term returns often dominate investment strategies, patient... - [Strategies for Scaling Your Canadian Business with the Right Partner](https://cbgf.com/news-insights/strategies-for-scaling-your-canadian-business-with-the-right-partner/): Strategies for Scaling Your Canadian Business with the Right Partner Scaling a business is an exciting yet challenging journey. In... - [The Benefits of Minority Partners in Business Expansion](https://cbgf.com/news-insights/the-benefits-of-minority-partners-in-business-expansion/): The Benefits of Minority Partners in Business Expansion Expanding a business often requires access to resources, expertise, and networks that... - [Felix Health secures $53M in funding to accelerate profitable growth](https://www.newswire.ca/news-releases/felix-health-secures-53m-in-funding-to-accelerate-profitable-growth-856263311.html#new_tab) - [How to Prepare Your Business for Growth Capital Investment](https://cbgf.com/news-insights/how-to-prepare-your-business-for-growth-capital-investment/): How to Prepare Your Business for Growth Capital Investment Securing growth capital can help you take your business to the... - [ChangeMakers Names Stefan Moores as Chief Executive Officer](https://thechangemakers.com/insight/changemakers-names-stefan-moores-as-chief-executive-officer/#new_tab) - [Understanding the Canadian Private Equity Landscape](https://cbgf.com/news-insights/understanding-the-canadian-private-equity-landscape/): Understanding the Canadian Private Equity Landscape The Canadian private equity landscape is a segment of our financial world that can... - [Minus Waste Solutions Secures Growth Equity Investment from Canada Business Growth Fund](https://www.newswire.ca/news-releases/minus-waste-solutions-secures-growth-equity-investment-from-canada-business-growth-fund-869389983.html#new_tab) - [Canadian Fund's Investment in Litco LSO First of Its Kind in Legal Sector](https://www.newswire.ca/news-releases/canadian-fund-s-investment-in-litco-lso-first-of-its-kind-in-legal-sector-833485577.html#new_tab) - [The Importance of Long-Term Partnerships in Business Expansion](https://cbgf.com/news-insights/the-importance-of-long-term-partnerships-in-business-expansion/): The Importance of Long-Term Partnerships in Business Expansion In today’s competitive market, growth doesn’t happen in isolation. Businesses that achieve... - [Amilia Raises $35 Million in Growth Funding to Accelerate Innovation in the Recreation & Membership Management Industry](https://www.amilia.com/newsroom/35m#new_tab) - [Understanding Patient Capital for Canadian Entrepreneurs](https://cbgf.com/news-insights/understanding-patient-capital-for-canadian-entrepreneurs/): Understanding Patient Capital for Canadian Entrepreneurs Entrepreneurs often face challenges securing the right funding to grow their businesses. For Canadian... - [Specialty Medical Partners Announces Participation in the 2025 Bloom Burton & Co. Healthcare Investor Conference](https://www.specialtymedicalpartners.com/post/2025bloomburton#new_tab) - [The Missing Middle: Bridging Canada’s Mid-Market Growth Capital Gap](https://cbgf.com/news-insights/the-missing-middle-bridging-canadas-mid-market-growth-capital-gap/): The Missing Middle: Bridging Canada’s Mid-Market Growth Capital Gap By the Canadian Business Growth Fund (CBGF) Canada’s economic future depends... - [Navigating Capital Options in the Canadian Market](https://cbgf.com/news-insights/navigating-capital-options-in-the-canadian-market/): Navigating Capital Options in the Canadian Market Securing the right funding is a crucial step for Canadian entrepreneurs aiming to... - [Specialty Medical Partners Announces Strategic Partnership with Kingston Heart Clinic.](https://www.specialtymedicalpartners.com/post/khc-partnership#new_tab) - [The Role of Private Equity in Supporting Canadian Entrepreneurs](https://cbgf.com/news-insights/the-role-of-private-equity-in-supporting-canadian-entrepreneurs/): The Role of Private Equity in Supporting Canadian Entrepreneurs For Canadian entrepreneurs, access to capital often stands as a critical... - [Specialty Medical Partners (SMP) Announces Strategic Partnership with Toronto Cardiac Clinic (TCC), Welcoming Dr. Cameron Gilbert as SMP President.](https://www.specialtymedicalpartners.com/post/tcc-partnership#new_tab) - [Believeco:Partners Unveils ChangeMakers: A Bold New Brand for a Disruptive World](https://www.newswire.ca/news-releases/believeco-partners-unveils-changemakers-a-bold-new-brand-for-a-disruptive-world-804533736.html#new_tab) - [L'équipe du CBGF célèbre son nouveau chapitre et ouvre de nouveau le marché avec le Groupe TMX](https://cbgf.com/fr/news-insights/lequipe-du-cbgf-celebre-son-nouveau-chapitre-et-ouvre-de-nouveau-le-marche-avec-le-groupe-tmx/): L'équipe du CBGF célèbre son nouveau chapitre et ouvre de nouveau le marché avec le Groupe TMX Il y a... - [The Obstacles and Opportunities of Being an Entrepreneur in Canada](https://cbgf.com/news-insights/the-obstacles-and-opportunities-of-being-an-entrepreneur-in-canada/): The Obstacles and Opportunities of Being an Entrepreneur in Canada Embarking on the journey of entrepreneurship in Canada presents a... - [How to Build a Successful Partnership with a Private Equity Firm](https://cbgf.com/news-insights/how-to-build-a-successful-partnership-with-a-private-equity-firm/): How to Build a Successful Partnership with a Private Equity Firm Building a successful partnership with a private equity (PE)... - [CBGF team opened the market with TMX Group](https://cbgf.com/news-insights/cbgf-opens-market-with-tmx-group/): This morning, the CBGF team opened the market with TMX Group! CBGF opened the market for the first time 6... - [Dale Tingley and Hai Tran-Viet announce their appointment as Co-Managing Partners of the Canadian Business Growth Fund](https://cbgf.com/news-insights/dale-tingley-and-hai-tran-viet-announce-their-appointment-as-co-managing-partners-of-the-canadian-business-growth-fund/): Today, Dale Tingley and Hai Tran-Viet announce their appointment as Co-Managing Partners of the Canadian Business Growth Fund Since the... - [Dale Tingley et Hai Tran-Viet annoncent leur nomination en tant que partenaires co-gestionnaires du Fonds de croissance des entreprises du Canada.](https://cbgf.com/fr/news-insights/dale-tingley-et-hai-tran-viet-annoncent-leur-nomination-en-tant-que-partenaires-co-gestionnaires-du-fonds-de-croissance-des-entreprises-du-canada/): Aujourd'hui, Dale Tingley et Hai Tran-Viet annoncent leur nomination en tant que partenaires co-gestionnaires du Fonds de croissance des entreprises... - [Specialty Medical Partners Announces Partnership with Ottawa Cardiovascular Centre, Orleans](https://www.specialtymedicalpartners.com/post/specialty-medical-partners-announces-partnership-with-ottawa-cardiovascular-centre-orleans#new_tab) - [Specialty Medical Partners Announces Partnership with Ottawa Cardiovascular Centre](https://www.specialtymedicalpartners.com/post/specialty-medical-partners-announces-partnership-with-ottawa-cardiovascular-centre#new_tab) - [Canadian Business Growth Fund Announces B Corp Certification](https://cbgf.com/news-insights/canadian-business-growth-fund-announces-b-corp-certification/): Canadian Business Growth Fund Announces B Corp Certification Toronto, ON — June 19, 2024 — The Canadian Business Growth Fund... - [CBGF annonce sa certification B Corp](https://cbgf.com/fr/news-insights/cbgf-annonce-sa-certification-b-corp/): CBGF annonce sa certification B Corp Toronto (Ontario) — le 19 juin 2024 — Le Fonds de croissance des entreprises... - [Busbud Joins Forces with Buson in Brazil, Strengthening Its Leading Position in the Americas](https://www.prnewswire.com/news-releases/busbud-joins-forces-with-buson-in-brazil-strengthening-its-leading-position-in-the-americas-302092320.html#new_tab) - [Navigating the Private Equity Life Cycle and How CBGF is Different](https://cbgf.com/news-insights/navigating-the-private-equity-life-cycle-and-how-cbgf-is-different/): Navigating the Private Equity Life Cycle and How CBGF is Different The journey through the private equity life cycle can... - [Exit Strategies in Private Equity: A Comprehensive Guide](https://cbgf.com/news-insights/exit-strategies-in-private-equity-a-comprehensive-guide/): Exit Strategies in Private Equity: A Comprehensive Guide For business owners considering private equity as a means of growing their... - [Minute Media Acquires STN Video to Enhance Premium Sports Content for Distribution Partners and Bolster Video Platform Offerings](https://www.minutemedia.com/post/minute-media-acquires-stn-video-to-enhance-premium-sports-content-for-distribution-partners-and-bolster-video-platform-offerings#new_tab) - [How CBGF Can Help Your Business Expand Internationally](https://cbgf.com/news-insights/how-cbgf-can-help-your-business-expand-internationally/): How CBGF Can Help Your Business Expand Internationally Are you an entrepreneur in Canada eyeing international expansion opportunities for your... - [Growth Through Acquisition – CBGF Podcast](https://cbgf.com/news-insights/growth-through-acquisition-cbgf-podcast/): Growth Through Acquisition - A Globe & Mail Webcast Acquiring a company can serve as a beneficial means to increase... - [Understanding our Investment Criteria: What the Canadian Business Growth Fund Looks for in Potential Partners](https://cbgf.com/news-insights/understanding-our-investment-criteria/): Understanding our Investment Criteria: What the Canadian Business Growth Fund Looks for in Potential Partners Finding an investment partner that... - [Fueling Growth: Why the Canadian Business Growth Fund is Essential for Economic Development](https://cbgf.com/news-insights/why-the-cbgf-is-essential-for-economic-development/): Fueling Growth: Why the Canadian Business Growth Fund is Essential for Economic Development In 2017, the federal government’s Advisory Council... - [Supporting Entrepreneurship: How the Canadian Business Growth Fund Empowers Entrepreneurs](https://cbgf.com/news-insights/how-the-canadian-business-growth-fund-empowers-entrepreneurs/): Supporting Entrepreneurship: How the Canadian Business Growth Fund Empowers Entrepreneurs At CBGF, we have helped several companies take the next... - [Listen to The Podcast: George Rossolatos, CEO of CBGF, On How to Build Sustainable Growth with a Longer Term Investment Approach](https://cbgf.com/news-insights/listen-to-the-podcast-george-rossolatos-of-cbgf-on-how-to-build-sustainable-growth-with-a-longer-term-investment-approach/): George Rossolatos, CEO of CBGF, On How to Build Sustainable Growth with a Longer Term Investment Approach This week on... - [Success Stories: How the Canadian Business Growth Fund Helped Canadian Companies Thrive](https://cbgf.com/news-insights/success-stories/): Success Stories: How the Canadian Business Growth Fund Helped Canadian Companies Thrive Canadian business owners across the country pride themselves... - [Using Private Equity to Fund a Merger and Acquisition Strategy](https://cbgf.com/news-insights/using-private-equity-to-fund-merger-and-acquisition-strategy/): Using Private Equity to Fund a Merger and Acquisition Strategy When it comes to scaling your business, a variety of... - [Canadian Business Growth Fund takes minority stake in FundThrough](https://www.pehub.com/canadian-business-growth-fund-takes-minority-stake-in-fundthrough/#new_tab) - [Canadian Business Growth Fund (CBGF) Celebrates Five Years of Backing Ambitious Entrepreneurs across Canada](https://cbgf.com/news-insights/canadian-business-growth-fund-cbgf-celebrates-five-years-of-backing-ambitious-entrepreneurs-across-canada/): Canadian Business Growth Fund (CBGF) Celebrates Five Years of Backing Ambitious Entrepreneurs across Canada Funded by Canada’s leading banks and... - [Le Fonds de croissance des entreprises du Canada (CBGF) célèbre cinq années de soutien aux entrepreneurs ambitieux à travers le Canada](https://cbgf.com/fr/news-insights/le-fonds-de-croissance-des-entreprises-du-canada-cbgf-celebre-cinq-annees-de-soutien-aux-entrepreneurs-ambitieux-a-travers-le-canada/): Le Fonds de croissance des entreprises du Canada (CBGF) célèbre cinq années de soutien aux entrepreneurs ambitieux à travers le... - [What does CBGF look for in a business?](https://cbgf.com/news-insights/what-does-cbgf-look-for-in-a-business/): What does CBGF look for in a business? As a company looking to scale, you’ve likely done (or at least... - [Minority Growth Capital for Manufacturers](https://cbgf.com/news-insights/minority-growth-capital-for-manufacturers/): Minority Growth Capital for Manufacturers Manufacturing is a sector that typically requires a lot of scale-up costs, from labour to... - [Believeco:Partners Expands Executive Team](https://believecopartners.com/believeco-partners-expands-executive-team/#new_tab) - [Felix Raises $18M CDN to Scale On-Demand Treatment for Everyday Health](https://financialpost.com/pmn/press-releases-pmn/business-wire-news-releases-pmn/felix-raises-18m-cdn-to-scale-on-demand-treatment-for-everyday-health#new_tab) - [Felix Expands Into More Complex Categories Of Care Following $18 Million Series B](https://betakit.com/felix-expands-into-more-complex-categories-of-care-following-18-million-series-b/#new_tab) - [PureFacts Announces Acquisition of Xtiva Financial Systems](https://www.purefacts.com/insights/purefacts-announces-acquisition-of-xtiva-financial-systems#new_tab) - [PureFacts Announces Acquisition of Xtiva Financial Systems, Becoming the Most Complete Revenue Management Solution for the Wealth Management Industry](https://www.globenewswire.com/en/news-release/2023/03/30/2637569/0/en/PureFacts-Announces-Acquisition-of-Xtiva-Financial-Systems-Becoming-the-Most-Complete-Revenue-Management-Solution-for-the-Wealth-Management-Industry.html#new_tab) - [Canada’s Most Admired CEO™ program 2022: Congratulations Brendan King of Vendasta and Muni Boga of Kudos®](https://cbgf.com/news-insights/canadas-most-admired-ceo-program-2022-congratulations-brendan-king-of-vendasta-and-muni-boga-of-kudos/): Canada’s Most Admired CEO™ program 2022: Congratulations Brendan King of Vendasta and Muni Boga of Kudos® Waterstone Human Capital, Canada's... - [How Do You Scale a Product-led Company?](https://cbgf.com/news-insights/how-do-you-scale-a-product-led-company/): How Do You Scale a Product-led Company? Many business owners, at some point in their company’s evolution, will decide that... - [What is Expansion Capital, and When Might a Canadian Business Need It?](https://cbgf.com/news-insights/expansion-capital-and-when-might-a-canadian-business-need-it/): What is Expansion Capital, and When Might a Canadian Business Need It? Just because you’re already running a successful business... - [Environmental 360 Solutions Inc. Announces Closing of Acquisition by BlackRock Alternatives](https://www.newswire.ca/news-releases/environmental-360-solutions-inc-announces-closing-of-acquisition-by-blackrock-alternatives-871187225.html#new_tab) - [What it Takes for Canadian Companies to Scale](https://cbgf.com/news-insights/what-it-takes-for-canadian-companies-to-scale/): What it Takes for Canadian Companies to Scale Canada is a country that is full of amazingly talented entrepreneurs who... - [What Makes Us Different?](https://cbgf.com/news-insights/what-makes-us-different/): What Makes Us Different? The Canadian Business Growth Fund (CBGF) is a minority investment fund with a mission of helping... - [Minority vs. Majority Investment: Choosing the Right Option](https://cbgf.com/news-insights/minority-vs-majority-investment-choosing-the-right-option/): Minority vs. Majority Investment: Choosing the Right Option If you are seeking out equity investors for your company, one of... - [As Demand Booms & Recession Looms, Busbud Acquires Fellow Canadian Travel Tech Startup Betterez](https://betakit.com/as-demand-booms-and-recession-looms-busbud-acquires-fellow-canadian-travel-tech-startup-betterez/#new_tab) - [Busbud Merges With Betterez, Gets Funding From Amadeus Ventures](https://www.phocuswire.com/busbud-merge-betterez-funding-from-amadeus-ventures#new_tab) - [Arlene Dickinson on her new ad venture: Believeco:Partners](https://the-message.ca/2022/11/04/arlene-dickinson-on-why-she-left-venture-behind-to-start-believecopartners/#new_tab) - [Independence at scale: Believeco:Partners is a new vision for North America’s marketing & communications industries](https://www.globenewswire.com/news-release/2022/11/03/2548162/0/en/Independence-at-scale-Believeco-Partners-is-a-new-vision-for-North-America-s-marketing-communications-industries.html#new_tab) - [Dragons’ Den star Arlene Dickinson strikes merger deal to create marketing and communications ‘super firm’](https://www.theglobeandmail.com/business/article-arlene-dickinson-merger-believeco-agencies/#new_tab) - [What is a Mid-Market Private Equity Investment?](https://cbgf.com/news-insights/what-is-a-mid-market-private-equity-investment/): What is a Mid-Market Private Equity Investment? If you are in the process of seeking out a private equity investment,... - [Vendasta Acquires Yesware To Bring To Market Best-In-Class Sales Engagement Platform](https://www.vendasta.com/newsroom/vendasta-acquires-Yesware/#new_tab) - [Why equity investment must be part of post-pandemic recovery](https://cbgf.com/news-insights/equity-investment-as-part-of-post-pandemic-recovery/): Why equity investment must be part of post-pandemic recovery The pandemic has had a devasting effect on many businesses and... - [Are there different types of private equity firms?](https://cbgf.com/news-insights/are-there-different-types-of-private-equity-firms/): Are there different types of private equity firms? If you are looking to start or expand a business, there is... - [The Importance of Capital in Business](https://cbgf.com/news-insights/the-importance-of-capital-in-business/): The Importance of Capital in Business Whether you are starting a business, or scaling up an existing one, the importance... - [Procedureflow closes $11.8 million to scale knowledge management software globally](https://betakit.com/procedureflow-closes-11-8-million-to-scale-knowledge-management-software-globally/#new_tab) - [The maker of knowledge-sharing software has onboarded two new investors: Sandpiper ventures and the Canadian Business Growth Fund.](https://entrevestor.com/home/entry/procedureflow-raises-12m?utm_content=216149327&utm_medium=social&utm_source=linkedin&hss_channel=lcp-9425110#new_tab) - [ProcedureFlow Raises $11.8 Million Funding Round to Accelerate its Mission of Making Employees Experts Faster](https://procedureflow.com/press/2022-07-26-procedureflow-raises-118-million-funding-round-to-accelerate-its-mission-of-making-employees-experts-faster#new_tab) - [What are different investors looking for?](https://cbgf.com/news-insights/what-are-different-investors-looking-for/): What are different investors looking for? No matter what type of investor you are looking for, you will have to... - [Environmental 360 Solutions has acquired Groupe POL Inc. and Revalorisation TPOL Inc. (TPOL)](https://www.e360s.ca/our-media/environmental-360-solutions-has-acquired-groupe-pol-inc-and-revalorisation-tpol-inc-tpol/#new_tab) - [Environmental 360 Solutions has acquired the shares of Apex Environmental Inc. (Apex)](https://www.e360s.ca/our-media/environmental-360-solutions-has-acquired-the-shares-of-apex-environmental-inc-apex/#new_tab) - [Environmental 360 Solutions Acquires The Haz Waste Company Inc](https://www.e360s.ca/our-media/environmental-360-solutions-acquires-the-haz-waste-company-inc/#new_tab) - [Amilia secures $30M financing](https://privatecapitaljournal.com/amilia-secures-30m-financing/#new_tab) - [Amilia Raises $30 Million to Accelerate the eCommerce Transformation of the Activity and Recreation Industry](https://cbgf.com/news-insights/amilia-raises-30-million-to-accelerate-the-ecommerce-transformation-of-the-activity-and-recreation-industry/): Amilia Raises $30 Million to Accelerate the eCommerce Transformation of the Activity and Recreation Industry MONTREAL, May 25, 2022 /CNW... - [Thirty, Funded, and Thriving: Amilia Receives $30 Million Investment to Broaden Access to Ecommerce for Activities & Recreation](https://www.amilia.com/blog/amilia-receives-30-million-investment-to-broaden-access-to-ecommerce-for-activities-recreation#new_tab) - [Amilia reçoit 30 millions de dollars afin d'accélérer la transition vers le commerce électronique dans l'industrie des activités récréatives](https://cbgf.com/fr/news-insights/amilia-recoit-30-millions-de-dollars-afin-daccelerer-la-transition-vers-le-commerce-electronique-dans-lindustrie-des-activites-recreatives/): Amilia reçoit 30 millions de dollars afin d'accélérer la transition vers le commerce électronique dans l'industrie des activités récréatives MONTRÉAL,... - [Grande annonce! Amilia reçoit 30 millions afin d’accélérer la transition vers le commerce électronique dans l’industrie des activités récréatives](https://www.amilia.com/fr/blogue/amilia-financement-de-30-millions-pour-accelerer-le-commerce-electronique-pour-les-activites-communautaires-et-sportives#new_tab) - [Celtic House Venture Partner Jonathan Graff Joins Liferaft Inc. as CEO](https://betakit.com/celtic-house-venture-partner-jonathan-graff-joins-liferaft-inc-as-ceo/#new_tab) - [How to Find the Right Partner: Vetting Prospective Investors](https://cbgf.com/news-insights/finding-the-right-partner-vetting-prospective-investors/): How to find the right partner: Vetting Prospective Investors If you are thinking about scaling up your business but can’t... - [Environmental 360 Solutions Acquires Pompage Sanitaire Mont-Tremblant Inc. and Compostage 2000 Inc.](https://www.e360s.ca/our-media/environmental-360-solutions-acquires-pompage-sanitaire-mont-tremblant-inc-and-compostage-2000-inc/#new_tab) - [Thoughtworks Acquires Leading Product Development Consultancy, Connected, to Rapidly Accelerate Product-led Design and Engineering](https://cbgf.com/news-insights/thoughtworks-acquires-leading-product-development-consultancy-connected-to-rapidly-accelerate-product-led-design-and-engineering/): Thoughtworks Acquires Leading Product Development Consultancy, Connected, to Rapidly Accelerate Product-led Design and Engineering CHICAGO--(BUSINESS WIRE)--Thoughtworks (NASDAQ: TWKS), a global... - [What are the Pros and Cons of Running a Private vs. a Public Business?](https://cbgf.com/news-insights/what-are-the-pros-and-cons-of-running-a-private-vs-a-public-business/): What are the Pros and Cons of Running a Private vs. a Public Business? Many entrepreneurs dream of building their... - [Maxsold Raises $16.1 Million to Expand Online Auctioning Platform](https://betakit.com/maxsold-raises-21-1-million-to-expand-online-auctioning-platform/#new_tab) - [MaxSold Secures $16.1 Million in Series B Financing to Continue the Digital Transformation of the Auction Industry](https://cbgf.com/news-insights/maxsold-secures-16-1-million-in-series-b-financing/): MaxSold Secures $16. 1 Million in Series B Financing to Continue the Digital Transformation of the Auction Industry TORONTO, March... - [Environmental 360 Solutions acquires BM Services, Herby Enterprises Limited, and Roztek Ltd.](https://www.e360s.ca/our-media/environmental-360-solutions-acquires-bm-services-herby-enterprises-limited-and-roztek-ltd/#new_tab) - [Busbud Closes $14 Million CAD, Acquires Recorrido to Fuel Latin American Expansion](https://betakit.com/busbud-closes-14-million-cad-acquires-recorrido-to-fuel-latin-american-expansion/#new_tab) - [The Risks of Taking on an Equity Partner](https://cbgf.com/news-insights/the-risks-of-taking-on-an-equity-partner/): The Risks of Taking on an Equity Partner Taking on an equity partner in your business is one way to... - [Environmental 360 Solutions has acquired Waste Container Services Inc.](https://www.e360s.ca/our-media/environmental-360-solutions-has-acquired-waste-container-services-inc/#new_tab) - [Environmental 360 Solutions acquires Whissell Waste Solutions Ltd.](https://www.e360s.ca/our-media/environmental-360-solutions-acquires-whissell-waste-solutions-ltd/#new_tab) - [Paystone Acquires Canadian Payment Services, Making Paystone Canada’s Largest Bank Independent Payments Provider](https://www.paystone.com/press/paystone-acquires-canadian-payment-services-a-leading-canadian-provider-of-merchant-services#new_tab) - [Environmental 360 Solutions Acquires Quik Pick Waste Disposal](https://www.e360s.ca/our-media/environmental-360-solutions-acquires-quik-pick-waste-disposal/#new_tab) - [Environmental 360 Solutions Acquires One Environmental](https://www.e360s.ca/our-media/environmental-360-solutions-has-acquired-one-environmental-inc/#new_tab) - [Environmental 360 Solutions Acquires Alpine Environmental Disposal](https://www.e360s.ca/our-media/environmental-360-solutions-has-acquired-alpine-environmental-disposal-inc-alpine/#new_tab) - [Environmental 360 Solutions Acquires J.T. Industrial Water-Blasting & Vacuum](https://www.e360s.ca/our-media/environmental-360-solutions-acquires-jt-industrial-water-blasting-vacuum-inc/#new_tab) - [Environmental 360 Solutions Acquires Cyclone Hydrovac](https://www.e360s.ca/our-media/environmental-360-solutions-acquires-cyclone-hydrovac-ltd/#new_tab) - [Government Funding vs Private Equity Funding in Canada](https://cbgf.com/news-insights/government-funding-vs-private-equity-funding-in-canada/): Government Funding vs Private Equity Funding in Canada The COVID-19 pandemic has had a significant impact on the bottom lines... - [Wealthtech Startup Purefacts Raises $37 Million To Pursue Acquisitions](https://betakit.com/wealthtech-startup-purefacts-raises-37-million-to-pursue-acquisitions/#new_tab) - [CBGF Announces 25th Investment](https://cbgf.com/news-insights/cbgf-announces-25th-investment/): CBGF Announces 25th Investment CBGF announces a noteworthy milestone today as its 25th investment closes, adding another high potential, growing... --- ## Portfolios - [Appficiency](https://cbgf.com/fr/portfolio/appficiency/): Le Groupe de sociétés Appficiency est une société internationale de conseil en informatique et de développement de logiciels qui fournit... - [Appficiency](https://cbgf.com/portfolio/appficiency/): Appficiency Group of Companies is a global IT consulting firm and software business providing enterprise digital transformation services to businesses.... - [Minus Waste Solutions](https://cbgf.com/fr/portfolio/minus-waste-solutions/): Minus Waste Solutions est l'un des principaux fournisseurs de services de recyclage des déchets alimentaires et liquides commerciaux en Ontario.... - [Minus Waste Solutions](https://cbgf.com/portfolio/minus-waste-solutions/): Minus Waste Solutions is one of Ontario’s leading providers of commercial food and liquid waste recycling services. Minus operates across... - [Litco LSO](https://cbgf.com/fr/portfolio/litco-lso/): Litco LSO est une organisation d'assistance juridique qui fournit des services administratifs aux cabinets d'avocats afin qu'ils puissent se concentrer... - [Litco LSO](https://cbgf.com/portfolio/litco-lso/): Litco LSO is a legal support organization that provides back-end operations to law firms so they can focus on practicing... - [Layla Care](https://cbgf.com/portfolio/layla-care/): Layla Care’s mission is to empower people to take control of their mental health. Layla’s team uses patient-centric innovation to... - [Layla Care](https://cbgf.com/fr/portfolio/layla-care/): La mission de Layla Care vise à permettre aux gens de prendre le contrôle de leur santé mentale. L'équipe de... - [FundThrough](https://cbgf.com/fr/portfolio/fundthrough/): FundThrough est une plateforme technologique de financement de factures qui génère des offres de financement rapides et personnalisées afin d'accélérer... - [FundThrough](https://cbgf.com/portfolio/fundthrough/): FundThrough is a tech-powered invoice funding platform that generates fast, customized funding solutions to accelerate cash flow for growing small... - [Specialty Medical Partners](https://cbgf.com/fr/portfolio/specialty-medical-partners/): Specialty Medical Partners (« SMP ») est un consolidateur d’établissements de soins de santé indépendants dans les domaines de la... - [Specialty Medical Partners](https://cbgf.com/portfolio/specialty-medical-partners/): Specialty Medical Partners (“SMP”) is a consolidator of independent cardiology, respirology and internal medicine healthcare facilities. Founded in Toronto, ON,... - [Felix](https://cbgf.com/portfolio/felix/): Felix is a patient-driven digital healthcare company that provides virtual end-to-end services making healthcare more accessible for Canadians. Headquartered in... - [Felix](https://cbgf.com/fr/portfolio/felix/): Felix est une entreprise de soins de santé numériques axée sur les patients qui fournit des services virtuels de bout... - [ChangeMakers](https://cbgf.com/fr/portfolio/changemakers/): ChangeMakers est une société indépendante de premier plan spécialisée dans la gestion de la réputation, les conséquences sociales et le... - [ChangeMakers](https://cbgf.com/portfolio/changemakers/): ChangeMakers is a leading independent reputation management, social impact and marketing firm based in Toronto, ON. ChangeMakers combines deep business... - [ProcedureFlow](https://cbgf.com/fr/portfolio/procedureflow/): ProcedureFlow est un logiciel de gestion des connaissances conçu pour aider les organisations à numériser leurs opérations en visualisant leurs... - [ProcedureFlow](https://cbgf.com/portfolio/procedureflow/): ProcedureFlow is a knowledge management software designed to help organizations digitize their operations by visualizing their processes. Headquartered in Saint... - [Amilia](https://cbgf.com/portfolio/amilia/): Amilia is an activity and recreation eCommerce company on a mission to revolutionize the way organizations operate and manage their... - [Amilia](https://cbgf.com/fr/portfolio/amilia/): Amilia est une entreprise de commerce électronique spécialisée dans les activités et les loisirs qui a pour mission de révolutionner... - [PureFacts Financial Solutions Inc.](https://cbgf.com/fr/portfolio/purefacts-financial-solutions-inc/): Fondée en 2010, PureFacts Financial Solutions Inc. (« PureFacts ») est un fournisseur SaaS primé de solutions de gestion des... - [PureFacts Financial Solutions Inc.](https://cbgf.com/portfolio/purefacts-financial-solutions-inc/): Founded in 2010, PureFacts Financial Solutions Inc. (“PureFacts”) is an award-winning SaaS provider of end-to-end revenue management solutions for the... - [Kudos® Inc.](https://cbgf.com/fr/portfolio/kudos-inc/): Basée à Calgary en Alberta, la plateforme Kudos® permet aux entreprises de tirer parti du pouvoir de la reconnaissance entre... - [Kudos® Inc.](https://cbgf.com/portfolio/kudos-inc/): Kudos® Inc. , headquartered in Calgary, Alberta, is a mid-market and enterprise employee recognition and analytics company. The Kudos® platform... - [Neovation](https://cbgf.com/portfolio/neovation/): Neovation Corporation, headquartered in Winnipeg, Manitoba, is a global leader in corporate learning and development solutions. Since its inception in... - [Neovation](https://cbgf.com/fr/portfolio/neovation/): Neovation Corporation, dont le siège social se trouve à Winnipeg, au Manitoba, est un chef de file mondial en matière... - [Homestyle Selections LP](https://cbgf.com/fr/portfolio/homestyle-selections-lp/): Homestyle Selections LP est une plateforme de premier plan dans l'industrie des aliments préparés frais dont le siège social est... - [Homestyle Selections LP](https://cbgf.com/portfolio/homestyle-selections-lp/): Homestyle Selections LP is a leading platform in the fresh prepared food industry headquartered in Edmonton, Alberta. Homestyle is the... - [Stephano](https://cbgf.com/fr/portfolio/stephano/): Stephano Group Ltd. est un fabricant de produits céréaliers et granolas. La société, dont le siège social est situé à... - [Stephano](https://cbgf.com/portfolio/stephano/): Stephano Group Ltd. is a manufacturer of cereal and granola products. Headquartered in Etobicoke, Ontario, the company produces and provides... - [ShopperPlus](https://cbgf.com/fr/portfolio/shopperplus/): ShopperPlus Inc. est une société de commerce électronique de détail qui offre des fournitures de bureau et de maison aux... - [ShopperPlus](https://cbgf.com/portfolio/shopperplus/): ShopperPlus Inc. is a retail e-commerce company providing office and home supplies to Canadian consumers. Headquartered in Montreal, Quebec, the... - [Cold Bore Technology](https://cbgf.com/fr/portfolio/cold-bore-technology/): Cold Bore Technology est une société, chef de file dans le domaine de l'automatisation et de l'analyse des complétions de... - [Cold Bore Technology](https://cbgf.com/portfolio/cold-bore-technology/): Cold Bore Technology is a leading well completions automation and analytics technology company headquartered in Calgary, Alberta. Cold Bore Technology’s... - [Connected](https://cbgf.com/fr/portfolio/connected/): En juin 2021, le CBGF a investi dans Connected, une entreprise de services de développement de produits de premier plan... - [Connected](https://cbgf.com/portfolio/connected/): CBGF invested in Connected, a leading product development services firm headquartered in Toronto, Ontario in June 2021. The company began... - [Paystone](https://cbgf.com/portfolio/paystone/): Paystone Inc. is a payments solution provider offering payment processing, gift card, and loyalty program services to small and medium-sized... - [Paystone](https://cbgf.com/fr/portfolio/paystone/): Paystone Inc. est un prestataire de solutions de paiement offrant des services de traitement des paiements, de cartes cadeaux et... - [LifeRaft](https://cbgf.com/fr/portfolio/liferaft/): LifeRaft Inc. est une société de renseignements de sécurité qui permet aux entreprises de passer le web au peigne fin... - [LifeRaft](https://cbgf.com/portfolio/liferaft/): LifeRaft Inc. is a security intelligence company that enables enterprises to comb the web to identify and monitor potential business... - [Busbud](https://cbgf.com/fr/portfolio/busbud/): Busbud Inc. permet aux voyageurs du monde entier d’acheter des billets d’autobus interurbains grâce à sa plateforme de réservation dans... - [Busbud](https://cbgf.com/portfolio/busbud/): Busbud Inc. enables global travelers to shop for and purchase intercity bus tickets through its booking platform in over 80... - [Librestream](https://cbgf.com/fr/portfolio/librestream/): Librestream est spécialisé dans les technologies de transformation numérique, aidant les travailleurs à distance à collaborer dans le secteur des... - [Librestream](https://cbgf.com/portfolio/librestream/): Librestream specializes in digital transformation technologies, helping remote workers to collaborate in the industrial services and healthcare sector. Since 2003,... - [ThoughtWire](https://cbgf.com/fr/portfolio/thoughtwire/): ThoughtWire est une plateforme technologique brevetée qui crée un « jumeau numérique » de son environnement pour favoriser des opérations... - [ThoughtWire](https://cbgf.com/portfolio/thoughtwire/): ThoughtWire is a patented property technology platform that creates a “Digital Twin” of its environment to drive efficient operations and... - [Proposify](https://cbgf.com/fr/portfolio/proposify/): Proposify est une société de logiciel-service (SaaS) qui permet aux équipes de vente de faciliter la création, l’envoi, le suivi... - [Proposify](https://cbgf.com/portfolio/proposify/): Proposify is a subscription-based software as a service (SaaS) company that empowers sales teams to easily create, send, track, and... - [MaxSold](https://cbgf.com/fr/portfolio/maxsold/): MaxSold offre des services visant à résoudre l’épineux problème de la façon de réduire la grandeur de sa résidence en... - [MaxSold](https://cbgf.com/portfolio/maxsold/): MaxSold solves the daunting problem of how to downsize in a limited amount of time while keeping items out of... - [Xello](https://cbgf.com/portfolio/xello/): Xello is an educational technology company providing college and career readiness solutions to students in kindergarten to grade 12. Xello... - [Xello](https://cbgf.com/fr/portfolio/xello/): Xello est une entreprise de technologie éducative qui fournit des solutions de préparation aux études et à la carrière aux... - [Environmental 360 Solutions](https://cbgf.com/fr/portfolio/environmental-360-solutions/): Environmental 360 Solutions Inc. est une entreprise de gestion environnementale offrant des solutions aux municipalités et aux clients industriels, commerciaux... - [Environmental 360 Solutions](https://cbgf.com/portfolio/environmental-360-solutions/): Environmental 360 Solutions Inc. is an environmental management company providing solutions to municipalities and Industrial, Commercial and Institutional customers. With... - [Appnovation](https://cbgf.com/fr/portfolio/appnovation/): Appnovation une société de consultation numérique à service complet, basée à Vancouver, qui fait progresser les activités de ses clients... - [Appnovation](https://cbgf.com/portfolio/appnovation/): Appnovation is a Vancouver-based full-service digital consultancy that advances their clients’ businesses by nimbly innovating on everything digital. With Canadian... - [Vendasta](https://cbgf.com/fr/portfolio/vendasta/): Vendasta est une plateforme de commerce cloud pour les entreprises qui fournissent des solutions numériques aux petites et moyennes entreprises.... - [Vendasta](https://cbgf.com/portfolio/vendasta/): Vendasta is a cloud commerce platform for companies who provide digital solutions to small and medium sized businesses. Sold exclusively... - [STN Video](https://cbgf.com/fr/portfolio/stn-video/): En Mai 2019, CBGF a investi dans STN Video Inc. (« STN »), une plateforme de distribution de vidéos de... - [STN Video](https://cbgf.com/portfolio/stn-video/): CBGF invested in STN Video Inc. (“STN”), an industry-leading video distribution platform headquartered in Victoria, BC, in May 2019. STN... - [Unyte](https://cbgf.com/fr/portfolio/unyte/): Unyte est une société basée à Toronto qui propose une série de solutions neuronales au secteur des soins de santé... - [Prodigy](https://cbgf.com/portfolio/prodigy/): Prodigy Education is an education technology company that has designed one of the most engaging, effective, adaptive and free game-based... - [Prodigy](https://cbgf.com/fr/portfolio/prodigy/): Prodigy Education est une entreprise de technologie éducative qui a conçu l’une des plateformes de jeu les plus stimulantes, efficaces,... - [Mobile Klinik](https://cbgf.com/portfolio/mobile-klinik/): CBGF Invested in Mobile Klinik Professional Smartphone Repair, a Toronto based chain of smartphone and tablet repair stores across Canada,... - [Mobile Klinik](https://cbgf.com/fr/portfolio/mobile-klinik/): En mai 2019, le CBGF a investi dans Mobile Klinik Professional Smartphone Repair, une chaîne de magasins de réparation de... - [PayBright](https://cbgf.com/portfolio/paybright/): CBGF invested in PayBright, a Toronto-based technology-enabled point-of-sale (“POS”) real-time consumer payments and lending platform in December 2018. The company... - [PayBright](https://cbgf.com/fr/portfolio/paybright/): En décembre 2018, le CBGF a investi dans PayBright, une plateforme de paiement et de prêt aux consommateurs en temps... - [Unyte](https://cbgf.com/portfolio/unyte/): Unyte is a Toronto-based company that provides a suite of neural solutions to the mental health care industry. Unyte’s therapeutic... - [Lift Auto](https://cbgf.com/fr/portfolio/lift-auto/): Lift Auto Group (« Lift » ou la « Société ») est un consolidateur de centres de réparation de carrosseries... - [Lift Auto](https://cbgf.com/portfolio/lift-auto/): Lift Auto Group is a Kelowna-based consolidator of automotive collision repair centers across Canada. With over 40 locations across British... --- # # Detailed Content ## Pages - Published: 2026-01-30 - Modified: 2026-01-30 - URL: https://cbgf.com/fr/bilan-de-lannee-2025/ Lettre de nos associés co-gestionnaires : Acceptez le changement, maintenez le capDale Tingley et Hai Tran-Viet ASSOCIÉS CO-GESTIONNAIRES « Notre portefeuille d’investissements est solide, l’intérêt des entreprises canadiennes en forte croissance s’accroît et le besoin de capitaux minoritaires patients pour la croissance des entreprises canadiennes n’a jamais été aussi évident. Quels que soient les changements survenant dans le contexte économique, politique ou technologique, notre approche demeure inchangée: maintenir la discipline, maintenir le soutien et rester concentrés sur la création de valeur à long terme. »« Notre portefeuille d’investissements est solide, l’intérêt des entreprises canadiennes en forte croissance s’accroît et le besoin de capitaux minoritaires patients pour la croissance des entreprises canadiennes n’a jamais été aussi évident. Quels que soient les changements survenant dans le contexte économique, politique ou technologique, notre approche demeure inchangée: maintenir la discipline, maintenir le soutien et rester concentrés sur la création de valeur à long terme. » Dans un monde où le rythme du changement s'accélère, la stabilité et l'engagement envers une vision à long terme sont des atouts précieux. Nous croyons que la réussite entrepreneuriale exige de prendre conscience des conditions changeantes sur le terrain et de s'y adapter, tout en restant concentré sur le plan à long terme sur lequel l'entreprise a été fondée. Nos meilleurs partenaires ne réagissent pas à la volatilité par la volatilité. Ils répondent plutôt par une série d'ajustements réfléchis, et non par des changements brusques et radicaux pour suivre la dernière tendance. Le CBGF a abordé l'année 2025 avec... --- - Published: 2026-01-28 - Modified: 2026-01-30 - URL: https://cbgf.com/year-in-review-2025/ Letter From the Co-Managing Partners: Embrace Change, Stay the CourseDale Tingley and Hai Tran-Viet CO-MANAGING PARTNERS “Our investment pipeline is robust, interest from Canadian-scale-ups is growing, and the need for patient minority growth capital for Canadian companies has never been clearer. Whatever changes arise in the economic, political, or technological landscape, our approach remains consistent: stay disciplined, stay supportive, and stay focused on creating long-term value. ”“Our investment pipeline is robust, interest from Canadian-scale-ups is growing, and the need for patient minority growth capital for Canadian companies has never been clearer. Whatever changes arise in the economic, political, or technological landscape, our approach remains consistent: stay disciplined, stay supportive, and stay focused on creating long-term value. ” In a world where the rate of change is accelerating, there is power in stability and commitment to a long-term vision. We believe that entrepreneurial success requires awareness of and adapting to changing conditions on the field but remaining focused on the long-term plan that a business was built around. Our best partners do not react to volatility with volatility. Instead, they respond through a series of thoughtful adjustments – not with sudden, hard pivots toward the latest trend. CBGF entered 2025 with optimism that the economy and investment environment would improve relative to 2024. Many Canadian entrepreneurs were seeking growth capital in Q4 2024, as they were feeling confident that the worst of the economic and capital market downturn was behind us. Then the threat of tariffs began, followed by the (rollercoaster)... --- - Published: 2025-01-28 - Modified: 2025-04-25 - URL: https://cbgf.com/fr/bilan-de-lannee-2024/ Lettre de nos associés co-gestionnaires : Accepter les changementsDale Tingley et Hai Tran-Viet ASSOCIÉS CO-GESTIONNAIRES « Au milieu de toutes ces incertitudes, une constante s’est imposée: l’esprit d’entreprise inébranlable des entreprises de notre portefeuille. Malgré les défis économiques et commerciaux, ces entreprises ont trouvé les moyens de s’adapter, d’innover et de persévérer. Pour les entreprises en expansion, la survie et la réussite ne sont pas facultatives, elles sont impératives. Tout au long de l’année, le CBGF est resté ferme dans son engagement à soutenir les entreprises de son portefeuille, qu’elles soient confrontées à des défisou qu’elles dépassent les attentes. »« Au milieu de toutes ces incertitudes, une constante s’est imposée: l’esprit d’entreprise inébranlable des entreprises de notre portefeuille. Malgré les défis économiques et commerciaux, ces entreprises ont trouvé les moyens de s’adapter, d’innover et de persévérer. Pour les entreprises en expansion, la survie et la réussite ne sont pas facultatives, elles sont impératives. Tout au long de l’année, le CBGF est resté ferme dans son engagement à soutenir les entreprises de son portefeuille, qu’elles soient confrontées à des défisou qu’elles dépassent les attentes. » Dans la vie comme en affaires, le changement n'est pas seulement inévitable, il est essentiel à la croissance. Chez CBGF, nous pensons que la réussite vient lorsque nous acceptons les changements et y répondons avec agilité. La façon dont nous et nos associés naviguons dans un paysage en évolution est ce qui détermine les résultats des bons et regrettables. Dans ce contexte, 2024 a indéniablement été... --- - Published: 2025-01-24 - Modified: 2025-01-29 - URL: https://cbgf.com/year-in-review-2024/ Letter From the Co-Managing Partners: Embracing ChangeDale Tingley and Hai Tran-Viet CO-MANAGING PARTNERS “Amid all this uncertainty, one constant stood out: the unyielding entrepreneurial spirit of our portfolio companies. Despite market and economic challenges, these businesses found ways to adapt, innovate, and persevere. For scaling companies, survival and success are not optional—they’re imperative. Throughout the year, CBGF remained steadfast in our commitment to support our portfolio companies, whether they faced challenges or exceeded expectations. ”“Amid all this uncertainty, one constant stood out: the unyielding entrepreneurial spirit of our portfolio companies. Despite market and economic challenges, these businesses found ways to adapt, innovate, and persevere. For scaling companies, survival and success are not optional—they’re imperative. Throughout the year, CBGF remained steadfast in our commitment to support our portfolio companies, whether they faced challenges or exceeded expectations. ” In life and business, change is not just inevitable—it’s essential for growth. At CBGF, we believe success comes from embracing change and responding with agility. How we and our partners navigate an evolving landscape is what determines great outcomes from good and regrettable ones. Against that backdrop, 2024 was undeniably a year of transformation—for CBGF, the broader economy, and financial markets. At CBGF, we marked a significant transition as our founding Partner and CEO, George Rossolatos, moved on to pursue his next big project. This transition ushered in a new chapter for our organization, as we stepped into the roles of Co-Managing Partners. We are deeply honoured to lead CBGF into its next phase... --- - Published: 2024-01-29 - Modified: 2024-02-06 - URL: https://cbgf.com/fr/bilan-de-lannee-2023/ La lettre du PDG : 5 années de soutien aux entrepreneurs du CanadaL’année 2023 a été une année charnière pour le Fonds de croissance des entreprises du Canada, puisqu’elle a marqué notre cinquième année à soutenir les entrepreneurs et à combler l’écart du capital de croissance au Canada. Malgré les nombreux défis auxquels nous avons été confrontés au cours de ces premières années, notamment une pandémie mondiale, une inflation soutenue, des conflits géopolitiques et des difficultés économiques, j’ai été stupéfait par la résilience et la force d’âme dont ont fait preuve nos entrepreneurs et l’équipe du CBGF. Nous avons pris un bon départ et je suis impatient de voir ce que nous allons accomplir dans les années à venir. En 2023, CBGF a passé beaucoup de temps avec les entreprises de son portefeuille, les soutenant à la fois avec du capital et des conseils tout au long de leur parcours. Certaines ont pu continuer à profiter des possibilités du marché, tandis que d’autres ont adopté une approche plus conservatrice à leur croissance et leur mise en place. Nous pensons que notre mission est plus importante aujourd’hui que jamais, et les nouvelles transactions que nous avons conclues en 2023 représentent d’excellents partenariats avec des entrepreneurs solides et ambitieux. Les cycles de marché en dents de scie dont nous sommes témoins, nous rappellent sans cesse l’importance de l’approche patiente du CBGF pour soutenir les PME au Canada. Nos entreprises ont besoin de partenaires qui les soutiennent sur le long terme, en leur... --- - Published: 2024-01-29 - Modified: 2024-03-20 - URL: https://cbgf.com/year-in-review-2023/ Letter from the CEO: 5 Years of Backing Entrepreneurs in Canada2023 was a milestone year for the Canadian Business Growth Fund as it marked our 5th year of backing entrepreneurs and filling the growth capital gap in Canada. Despite the many challenges we’ve faced during these first few years, including a global pandemic, continued inflation, geopolitical conflict and economic challenges, I have been astounded by the resilience and fortitude demonstrated by our entrepreneurs and the CBGF team. We have had a strong start out of the gate, and I am excited to see what we will accomplish in the years to come. In 2023, CBGF spent considerable time with our portfolio companies, supporting them with both capital and advice along the way. Some were able to continue taking advantage of market opportunities, while others embraced a more conservative approach to growth and execution. We believe our mission is more important now than ever, and the new deals we’ve closed in 2023 represent great partnerships with strong and ambitious entrepreneurs. As we witness these market cycles go up and down, it is a continued reminder of the importance of CBGF’s patient approach to supporting SMEs in Canada. Our businesses need supportive partners over the long-term, giving them the opportunity to build great companies over time and realize their full potential without deviating due to intra-cycle market fluctuation. Our long-term focus has been increasingly appreciated by our portfolio companies and the entrepreneurs who we speak with every day, as is the guidance,... --- - Published: 2023-01-20 - Modified: 2024-10-28 - URL: https://cbgf.com/fr/bilan-de-lannee-2022/ Lettre du PDG : Comment aider les entreprises en période économique difficileL’année dernière a été difficile à bien des égards pour les entrepreneurs canadiens. La pandémie, l’inflation, les conflits géopolitiques et les défis économiques ont généralement entraîné une croissance plus lente que prévu pour les entreprises canadiennes. Par conséquent, les investisseurs ont été poussés à réduire les allocations de capitaux aux sociétés de croissance et à adopter une approche plus prudente en matière d’évaluation, en particulier pour les sociétés qui ne génèrent pas de bénéfices. Le CBGF a passé beaucoup de temps avec les entreprises de son portefeuille pour les aider à relever ces défis. Certaines ont accéléré pour profiter des possibilités du marché, alors que d’autres ont adopté une approche plus conservatrice en matière de plans de croissance et d’exécution. Le CBGF continue de travailler à sa mission de soutien de l’économie canadienne et de nos entrepreneurs qui font face à ces défis. Bien que les cycles économiques connaissent des hauts et des bas, l’approche du CBGF consiste à aider à établir des entreprises à long terme et, en fin de compte, à guider les entrepreneurs sur la voie de l’élaboration d’une grande entreprise au fil du temps et de la réalisation de leur plein potentiel. Les grandes entreprises sont rarement créées au cours de la période de détention typique de 3 à 5 ans des capitaux privés. Notre objectif à long terme est de plus en plus apprécié par les entreprises de notre portefeuille, tout comme l’orientation, les... --- - Published: 2023-01-20 - Modified: 2024-03-20 - URL: https://cbgf.com/year-in-review-2022/ Letter from the CEO: Helping Companies in a Challenged EconomyThe past year has been challenging in many respects for Canadian entrepreneurs. The pandemic, inflation, geopolitical conflict and economic challenges have generally led to slower than expected growth for Canadian companies. This has in turn lead investors to pull back on capital allocations to growth companies and driven a more conservative approach to valuations, especially towards companies not generating earnings. CBGF has spent considerable time with its portfolio companies guiding them through these challenges. Some have accelerated to take advantage of market opportunities, while others have embraced a more conservative approach to growth plans and execution. CBGF continues to work towards its mission to support the Canadian economy and our entrepreneurs who are facing these challenges head on. While economic cycles will ebb and flow, CBGF’s approach is to help build companies over the long-term and ultimately guide entrepreneurs on their path to build a great company over time and realize their full potential. Great companies are rarely built in the typical 3-5 year private equity hold period. Our long-term focus has been increasingly appreciated by our portfolio companies as is the guidance, advice and support provided along the way. CBGF expects to be active in 2023 in both supporting our existing portfolio and via new investments in excellent Canadian companies seeking to grow their businesses to the next level. George Rossolatos CEO & Managing Partner, CBGF "CBGF continues to work towards its mission to support the Canadian economy and our... --- - Published: 2022-06-20 - Modified: 2024-12-23 - URL: https://cbgf.com/fr/videos-de-temoignage/ Vidéos de TémoignageRencontrez certains des partenaires opérationnels du CBGF et écoutez ce qu'ils ont à dire sur la collaboration avec notre équipe. Arnold LeungFondateur et PDG Voir l’enterpriseLp MauricePDG Voir l’enterpriseMike SternAncien cofondateur et PDG Voir l’enterpriseDanny ArdelliniFondateur et PDG Voir l’enterpriseEmma SternCo-fondatrice et CE Voir l’enterpriseMuni BogaCo-fondateur et Président, Directeur Général Voir l’enterpriseMark ReinekingPDG Voir l’enterpriseSushee PerumalAncien PDG Voir l’enterpriseDan BelhassenFondateur et PDG Voir l’enterpriseWayne PommenAncien président et PDG Voir l’enterpriseTarique Al-AnsariCo-fondateur et PDG Voir l’enterpriseRohan MahimkerCo-fondateur et Co-PDG Voir l’enterpriseKyle RackiCo-fondateur et PDG Voir l’enterpriseRobert MadejAncien cofondateur et PDG Voir l’enterpriseNoah FrankPrésident Voir l’enterpriseJason TaflerPDG Voir l’enterpriseBrendan KingCo-fondateur et PDG Voir l’enterpriseMatt McQuillenCo-fondateur et PDG Voir l’enterprise We do things a little differently. --- - Published: 2022-06-20 - Modified: 2026-01-30 - URL: https://cbgf.com/fr/rapports-annuels/ Voir le rapportVoir le rapportVoir le rapportVoir le rapportVoir le rapportVoir le rapportVoir le rapport We do things a little differently. --- - Published: 2022-04-08 - Modified: 2024-12-23 - URL: https://cbgf.com/testimonials/ Portfolio TestimonialsMeet some of CBGF’s operating partners and hear what they have to say about working with our team. Arnold LeungFounder and CEO View CompanyLp MauriceCo-Founder and CEO View CompanyMike SternFormer Co-Founder and CEO View CompanyDanny ArdelliniFounder and CEO View CompanyEmma SternCo-Founder & COO View CompanyMuni BogaFounder and CEO View CompanyMark ReinekingCEO View CompanySushee PerumalFormer CEO View CompanyDan BelhassenFounder and CEO View CompanyWayne PommenFormer President and CEO View CompanyTarique Al-AnsariCo-Founder and CEO View CompanyRohan MahimkerCo-Founder and Co-CEO View CompanyKyle RackiCo-Founder and CEO View CompanyRobert MadejFormer Co-Founder and CEO View CompanyNoah FrankPresident View CompanyJason TaflerCEO View CompanyBrendan KingCo-Founder and CEO View CompanyMatt McQuillenCo-Founder and CEO View Company We do things a little differently. --- - Published: 2022-02-11 - Modified: 2026-01-22 - URL: https://cbgf.com/fr/histoire-de-corporate/ fév 2017 Le 6 février 2017 Le Conseil consultatif sur la croissance économique a recommandé la création d'un Fonds de croissance des entreprises dirigé par le secteur privé Le Conseil consultatif a publié une série de rapports contenant ses recommandations pour améliorer les perspectives de croissance économique inclusive au Canada, y compris le Fonds de croissance des entreprises du Canada dans le deuxième rapport intitulé « Libérer l'innovation pour favoriser la portée et la croissance ». Le 9 mars 2017 Les ministres des Finances et du Commerce saluent le lancement du CBGF Le gouvernement du Canada se réjouit de l'annonce faite par les principales institutions financières du Canada de créer un fonds de croissance des entreprises qui aidera les entreprises canadiennes ambitieuses à obtenir le capital dont elles ont besoin pour croître et réussir à l'échelle mondiale. Ainsi, elles pourront contribuer à créer de bons emplois bien rémunérés pour la classe moyenne et feront croître l'économie du Canada à long terme. mars 2017 mars 2017 Le 9 mars 2017 Les banques et les compagnies d'assurance annoncent le Fonds de croissance des entreprises du Canada Les principales banques et compagnies d'assurance du Canada ont annoncé aujourd'hui leur intention de créer un fonds destiné à investir dans les entreprises canadiennes au cours de la prochaine décennie afin de soutenir la croissance et l'innovation. Le 5 octobre 2017 Le CBGF annonce la nomination du PDG, George Rossolatos et de la présidente du conseil d’administration, Dale Ponder Le Fonds de croissance des entreprises du... --- - Published: 2022-02-08 - Modified: 2026-01-30 - URL: https://cbgf.com/reports/ VIEW REPORTVIEW REPORTVIEW REPORTVIEW REPORTVIEW REPORTVIEW REPORTVIEW REPORT We do things a little differently. --- - Published: 2021-12-23 - Modified: 2023-01-25 - URL: https://cbgf.com/fr/bilan-de-lannee/ La lettre du PDGEn 2021, les Canadiens d'un océan à l'autre ont connu des épreuves, des triomphes, du désespoir et de la résilience. De nombreux Canadiens ont perdu des êtres chers au cours de la pandémie, et d'abord et avant tout, nos pensées vont à toutes les familles touchées. Les moyens de subsistance de nombreux Canadiens ont également été remis en question, puisque d'innombrables industries ont connu des difficultés. Au cours de l'année écoulée, l'équipe du Fonds de croissance des entreprises du Canada a également constaté les effets que la pandémie a imposés à nos entrepreneurs. Au cours de cette deuxième année à faire face à de tels défis, j'ai été inspirée par la ténacité, la résilience et la force dont ont fait preuve nos entrepreneurs face à des vagues de défis apparemment sans fin, qui se sont consacrés à la fois à assurer la sécurité de leurs employés et à maintenir leur entreprise à flot. LIRE LA LETTRE COMPLÈTE« Les Canadiens de tout le pays ont dû endurer des difficultés prolongées et continues au cours de l'année écoulée. Malgré l'incertitude persistante, je crois que 2022 sera une année où ils pourront briller. »George Rossolatos PRÉSIDENT, DIRECTEUR GÉNÉRAL, CBGF Résumé des investissements en 2021Remarques : Toutes les données sont en date du 31 décembre 2021. Points saillants de 2021JANVIER 2021 Janvier 2021 Annonce de sa 2e sortie, avec la vente de PayBright à Affirm le 1er janvier. Investissement dans Paystone Inc. , notre premier investissement de FÉVRIER 2021 Investissements de... --- - Published: 2021-12-23 - Modified: 2023-01-25 - URL: https://cbgf.com/year-in-review/ Letter from the CEOLooking back at 2021, Canadians from coast to coast have experienced hardships, triumphs, despair, and resilience. Many Canadians have lost loved ones during the pandemic, and first and foremost, our thoughts go out to all the families affected. The livelihoods of many Canadians have also been challenged as countless industries have experienced hardship. Over the course of the past year, the team at the Canadian Business Growth Fund has also seen the effects that the pandemic has imposed on our entrepreneurs. In this second year facing such challenges, I was inspired by the tenacity, resilience and strength shown by our entrepreneurs in the face of seemingly unending waves of challenges, dedicated to both keeping their employees safe and keeping their businesses afloat. READ THE FULL LETTER“Canadians across the nation have had to endure a prolonged, and continuing hardship this past year. Despite the continued uncertainty, I believe that 2022 will be a year for them to shine. ”George Rossolatos CHIEF EXECUTIVE OFFICER, CBGF 2021 Investment Summary - Companies BackedNote: All numbers are as at December 31, 2021 2021 HighlightsJANUARY 2021 January 2021 Announced its 2nd exit, with the sale of PayBright to Affirm on January 1st Invested in Paystone Inc. as our first investment of 2021 FEBRUARY 2021 Completed follow-on investments in Xello and MaxSold Inc. MARCH 2021 Completed a follow-on investment in LifeRaft MAY 2021 Completed a follow-on investment in Vendasta Technologies Inc. JUNE 2021 Invested in Connected Lab Inc. Completed follow-on investments in ThoughtWire Corp.... --- - Published: 2021-12-22 - Modified: 2026-01-22 - URL: https://cbgf.com/corporate-history/ FEB 2017 FEBRUARY 6, 2017 The Advisory Council on Economic Growth recommended the creation of a private sector led Business Growth Fund The Advisory Council released a series of reports with their recommendations for improving the prospects for inclusive economic growth in Canada, including the Canadian Business Growth Fund in the Second Report “Unlocking Innovation to Drive Scale and Growth”. MARCH 9, 2017 Ministers of Finance and Trade Welcome Launch of CBGF The Government of Canada welcomes the announcement by Canada’s leading financial institutions to establish a business growth fund that will help ambitious Canadian companies get the capital they need to grow and succeed globally. This will help them create good, well-paying middle class jobs, and will grow Canada’s economy over the long term. MAR 2017 MAR 2017 MARCH 9, 2017 Banks and Insurance Companies Announce Canadian Business Growth Fund Canada’s leading banks and insurance companies today announced their intent to create a fund to invest in Canadian businesses over the next decade to bolster growth and innovation. OCTOBER 5, 2017 CBGF announces appointment of CEO, George Rossolatos and Chair of the Board, Dale Ponder The Canadian Business Growth Fund, which will be an independently managed entity supported by Canada’s leading banks and insurance companies, today announced the appointment of George Rossolatos to the position of CEO effective January 2018. Mr. Rossolatos will be working alongside Dale Ponder, the Fund’s newly appointment independent Chair. OCT 2017 JUN 2018 JUNE 18, 2018 CBGF officially launches and announces the start of... --- - Published: 2020-04-09 - Modified: 2025-03-25 - URL: https://cbgf.com/fr/a-propos-du-cbgf/ est maintenant B Corp Certifié est maintenant B Corp Certifié est maintenant B Corp CertifiéNotre visionLa vision du CBGF consiste à devenir le principal investisseur en capital de croissance sur le marché intermédiaire et le partenaire de choix du Canada pour les entrepreneurs ambitieux, en les aidant à atteindre leur plein potentiel. Notre missionFournir des capitaux minoritaires patients et un soutien stratégique aux entreprises canadiennes de taille moyenne afin d'alimenter leur croissance et de favoriser l'innovation, tout en obtenant des rendements sur le marché. Nos valeursChez CBGF, nous visons à établir notre équipe et notre portefeuille en fonction de nos valeurs. Nous avons choisi les valeurs suivantes pour guider la manière dont nous menons nos activités. L’intégritéNous nous comportons avec intégrité, personnellement et professionnellement. Nous faisons ce qui est juste et équitable dans toutes nos interactions. Nous croyons que c'est la seule façon de faire des affaires, ce qui nous permettra d'établir des relations durables et de réussir à long terme. L’excellenceNous visons l'excellence dans tout ce que nous faisons et dépassons les attentes. Nous ne serons pas limités par une convention et nous trouverons un meilleur moyen, dans la mesure du possible. Nous sommes déterminés à atteindre notre plein potentiel en aidant nos sociétés émettrices à atteindre le leur. La responsabilisationNous sommes responsables des décisions que nous prenons, quel que soit leur résultat. Nous assumons nos responsabilités et comprenons l'ampleur de notre engagement envers nos actionnaires, les entreprises dans lesquelles nous investissons, notre communauté et les autres. Le partenariatNous... --- - Published: 2020-04-01 - Modified: 2025-03-25 - URL: https://cbgf.com/about/ is now B Corp Certified is now B Corp Certified is now B Corp CertifiedVisionCBGF’s vision is to become Canada’s leading mid-market growth capital investor and partner of choice for ambitious entrepreneurs, supporting them to reach their full potential. MissionTo provide patient minority capital and strategic support to mid-market Canadian businesses to fuel their growth and foster innovation, while earning market returns. ValuesAt CBGF, we aim to build our team and our portfolio by aligning our values. We have chosen the following values to drive how we conduct our business. INTEGRITYWe conduct ourselves with integrity, personally and professionally. We do what is right and fair in all our interactions. We believe that this is the only way to conduct business, and this will allow us to build lasting relationships and create enduring success. EXCELLENCEWe strive for excellence in all we do and to surpass expectations. We will not be limited by convention and will find a better way where possible. We are dedicated to reaching our full potential by helping our investee companies reach theirs. ACCOUNTABILITYWe are accountable for the decisions we make, regardless of their outcome. We take ownership and understand the magnitude of our commitment to our shareholders, our investee companies, our community and each other. PARTNERSHIPWe are in a partnership with our shareholders, our investee companies, and our employees. We have common goals, find strength in working together and show respect always. We believe that listening to each other and having open, direct and transparent communication yields... --- - Published: 2019-05-07 - Modified: 2024-08-21 - URL: https://cbgf.com/fr/questions-frequemment-posees/ Questions? Parcourez ces QFP sur le CBGF pour trouver des réponses aux questions communément posées. Vous ne trouvez pas ce que vous cherchez? Envoyez-nous vos questions à l’aide du formulaire ci-après. Pourquoi le CBGF a-t-il été formé? RocketDigital2024-08-21T08:48:01-04:00Pourquoi le CBGF a-t-il été formé? Au début de 2016, le ministre des Finances du Canada a convoqué le Conseil consultatif sur la croissance économique pour examiner le potentiel à long terme de l’économie canadienne. En février 2017, le Conseil a publié une série de rapports contenant leurs recommandations pour améliorer les perspectives de croissance économique inclusive au Canada. Parmi leurs cinq recommandations interdépendantes visant à accélérer l’innovation et à aider un plus grand nombre de jeunes entreprises et de PME canadiennes à prendre de l’ampleur, ils ont déclaré que le Canada devrait élaborer une stratégie de capital de croissance à valeur ajoutée axée sur les entreprises canadiennes à la croissance la plus rapide. Ces initiatives aideraient le Canada à accroître sa compétitivité mondiale, à atteindre ses objectifs de croissance inclusive et à créer une économie et une main-d’œuvre plus résilientes. L’un des problèmes fondamentaux de l’innovation au Canada est que les entrepreneurs sont doués pour lancer des entreprises, mais que très peu d’entre elles atteignent une échelle significative. Les raisons invoquées comprennent un marché local petit et fragmenté, une pénurie de talents commerciaux expérimentés, un manque de sources de capital de croissance à l’échelle et une aversion au risque de la part de certaines entreprises établies au Canada. Le défi de la... --- - Published: 2019-03-20 - Modified: 2024-01-26 - URL: https://cbgf.com/frequently-asked-questions/ Questions? Browse these CBGF FAQs to find answers to commonly raised questions. Don’t see what’s on your mind? Submit your questions using the form below. Pourquoi le CBGF a-t-il été formé? RocketDigital2024-08-21T08:48:01-04:00Pourquoi le CBGF a-t-il été formé? Au début de 2016, le ministre des Finances du Canada a convoqué le Conseil consultatif sur la croissance économique pour examiner le potentiel à long terme de l’économie canadienne. En février 2017, le Conseil a publié une série de rapports contenant leurs recommandations pour améliorer les perspectives de croissance économique inclusive au Canada. Parmi leurs cinq recommandations interdépendantes visant à accélérer l’innovation et à aider un plus grand nombre de jeunes entreprises et de PME canadiennes à prendre de l’ampleur, ils ont déclaré que le Canada devrait élaborer une stratégie de capital de croissance à valeur ajoutée axée sur les entreprises canadiennes à la croissance la plus rapide. Ces initiatives aideraient le Canada à accroître sa compétitivité mondiale, à atteindre ses objectifs de croissance inclusive et à créer une économie et une main-d’œuvre plus résilientes. L’un des problèmes fondamentaux de l’innovation au Canada est que les entrepreneurs sont doués pour lancer des entreprises, mais que très peu d’entre elles atteignent une échelle significative. Les raisons invoquées comprennent un marché local petit et fragmenté, une pénurie de talents commerciaux expérimentés, un manque de sources de capital de croissance à l’échelle et une aversion au risque de la part de certaines entreprises établies au Canada. Le défi de la croissance réside en partie dans la... --- - Published: 2018-10-01 - Modified: 2024-08-15 - URL: https://cbgf.com/fr/portefeuille/ Le portefeuille du CBGF représente un échantillon de l’économie canadienne. Bien que diversifiées sur le plan géographique et industriel, les équipes de gestion talentueuses, dotées de solides plans d'expansion et des compétences nécessaires pour concrétiser leur vision, constituent une constante du portefeuille du CBGF. CBGF fournit à ces entreprises prometteuses des capitaux et un soutien à valeur ajoutée pour les faire passer à la vitesse supérieure. Voir Plus de Témoignages Filter ByAllCurrentPrevious Légende siège social de l’entreprise bureaux de l’entreprise siège social de l’entreprise Montréal, Québec Date de l’investissement Mai 2022 Secteur Technologie de gestion du patrimoine Site Web Amilia. com Direction Hugo Lachance, PDG François Gaouette, fondateur Apprenez-en plus siège social de l’entreprise Mississauga en Ontario Date de l’investissement Janvier 2026 Secteur Services de la technologie de l’information et conseils Site Webs Appficiency. comSnapon-software. comCapficiency. com Direction Johnny Than, fondateur et PDG du Groupe de services Carlos Palacio, PDG de SnapOn Software Michael Diep, directeur général de Capficiency Apprenez-en plus siège social de l’entreprise Vancouver, C. -B. Date de l’investissement Juillet 2019 Secteur Services Professionnels Site Web Appnovation. com Direction Arnold Leung, fondateur et PDG Apprenez-en plus siège social de l’entreprise Montréal au Québec Date de l’investissement Juillet 2020 Secteur Services de voyage Site Web Busbud. com/fr Direction LP Maurice, PDG Apprenez-en plus siège social de l’entreprise Toronto en Ontario Date de l’investissement Novembre 2022 Secteur Conseils et services aux entreprises Site Web Thechangemakers. com Direction Stefan Moores, PDG Apprenez-en plus siège social de l’entreprise Aurora, ON Date de... --- - Published: 2018-09-27 - Modified: 2024-08-14 - URL: https://cbgf.com/portfolio/ CBGF’s portfolio represents a cross-section of the Canadian economy. While diverse across geography and industry, a constant in CBGF’s portfolio are the talented management teams with solid expansion plans and the skill to execute on their vision. CBGF is providing these promising companies with capital and value-add support to help take their business to the next level. View More Testimonials Filter ByAllCurrentPrevious Legend Head Office Satellite Office Head Office Montreal, QC Invested Since May 2022 Sector Activity Management Software Website Amilia. com Leadership Hugo Lachance, CEO Francois Gaouette, Founder Learn more Head Office Mississauga, ON Invested Since January 2026 Sector IT Services and Consulting Websites Appficiency. comSnapon-software. comCapficiency. com Leadership Johnny Than, Founder & CEO of Group Services Carlos Palacio, CEO of SnapOn Software Michael Diep, Managing Director of Capficiency Learn more Head Office Vancouver, BC Invested Since July 2019 Sector Professional Services Website Appnovation. com Leadership Arnold Leung, Founder & CEO Learn more Head Office Montreal, QC Invested Since July 2020 Sector Travel Services Website Busbud. com/en Leadership LP Maurice, CEO Learn more Head Office Toronto, ON Invested Since November 2022 Sector Business Consulting & Services Website Thechangemakers. com Leadership Stefan Moores, CEO Learn more Head Office Aurora, ON Invested Since March 2020 Sector Environmental Management Website E360s. ca Leadership Danny Ardellini, Founder & CEO Learn more Head Office Toronto, ON Invested Since May 2023 Sector Financial Services Website Fundthrough. com Leadership Steven Uster, Co-Founder & CEO Deepak Ramachandran, Co-Founder & CTO Learn more Head Office Calgary, AB Invested... --- - Published: 2018-06-14 - Modified: 2026-01-30 - URL: https://cbgf.com/fr/ Nous croyonsLe CBGF aide les entreprises canadiennes en leur fournissant le capital, le talent et l'expertise dont elles ont besoin pour stimuler leur croissance et réaliser leur potentiel. APPRENEZ-EN PLUS SUR NOTRE MISSION ET NOTRE VISIONSoutenus par les principales banques et compagnies d'assurance du Canada, nous avons pour mandat national de fournir des capitaux minoritaires patients et à long terme aux entrepreneurs qui poursuivent des stratégies de croissance, d'expansion et de transitions. Grâce à des engagements en capital de 545 millions $, le CBGF est un partenaire indépendant, axé sur les valeurs, pour les équipes déterminées à faire passer leur entreprise au niveau supérieur. Les dernières nouvelles et perspectivesSuivez les dernières nouvelles et perspectives pour en savoir plus sur la façon dont le CBGF aide les entreprises canadiennes à obtenir le capital, le talent et l'expertise dont elles ont besoin pour stimuler leur croissance et réaliser leur potentiel. INSCRIVEZ-VOUS DÈS AUJOURD’HUICategories: Nouvelles sur le CBGFL’équipe du CBGF célèbre son nouveau chapitre et ouvre de nouveau le marché avec le Groupe TMXnovembre 1, 2024 Categories: Nouvelles sur le CBGFDale Tingley et Hai Tran-Viet annoncent leur nomination en tant que partenaires co-gestionnaires du Fonds de croissance des entreprises du Canada. septembre 6, 2024 Lisez l’intégralité du bilan de l’année 2025 APPRENEZ-EN PLUS Comment investissions-nousNous considérons nos investissements comme des partenariats. En tant qu’investisseur minoritaire, les équipes que nous soutenons et les relations que nous établissons avec elles sont fondamentales pour notre réussite collective. Lorsque nous investissons, nous adoptons une vision à long... --- - Published: 2018-06-13 - Modified: 2024-08-20 - URL: https://cbgf.com/fr/contactez-nous/ Nos bureaux(416) 364-2243 (CBGF)1 833 459-2243 (CBGF) contact@cbgf. com 145 rue King Ouest, bureau 730 Toronto (Ontario) M5H 1J8 Tenez-vous à jour! Inscrivez-vous à notre bulletin pour recevoir les plus récentes nouvelles sur le CBGF directement dans votre boîte de réception. INSCRIVEZ-VOUS DÈS AUJOURD’HUI --- - Published: 2018-06-13 - Modified: 2025-12-01 - URL: https://cbgf.com/fr/lequipe/ L’équipe du CBGFL'équipe du CBGF a été créée en tenant compte d'une chose : aider les entreprises canadiennes moyennes à se développer. Notre équipe compte plus de 100 ans d'expérience en matière d’entrepreneuriat, de leadership et d'investissement. Nous offrons une vaste perspective et des antécédents de réussites au sein d’un large éventail d'industries, de types d'investissements et de zones géographiques. Nous avons une passion pour l'entrepreneuriat et le développement ; peu importe les possibilités ou les défis qui se profilent, notre équipe est là pour vous aider! Filtrer parAllLeadershipInvestissementPortefeuilleOpérations & Finances Abigail GriffithsGÉNÉRALISTE EN RH Andrea PereiraDIRECTEUR DE PORTFEUILLE Andrew LawlorDIRECTEUR ASSOCIÉ Anna GilliattCHEF DU PERSONNEL Dale TingleyASSOCIÉ CO-GESTIONNAIRE Erica CalizonASSISTANTE DE DIRECTION Ethan LuepannASSOCIÉ Hai Tran-VietASSOCIÉ CO-GESTIONNAIRE Jade BilodeauANALYSTE Jamie LearmonthVICE-PRÉSIDENT Jenny NguyenGESTIONNAIRE DE PORTEFEUILLE Karoline ElkindDIRECTRICE DES FINANCES ET PARTENAIRE Keith TownsendVICE-PRÉSIDENT DES TECHNOLOGIES DE L’INFORMATION Kevan LoASSOCIÉ Lilian WongGESTIONNAIRE PRINCIPALE EN COMPTABILITÉ Logan HaleANALYSTE Naxin ZhangCOMPTABLE PRINCIPALE Prajwol BhandaryASSOCIÉ DE PORTEFEUILLE Robin DinhANALYSTE EN ÉVALUTATION Sheri HerblumGESTIONNAIRE DE L’ÉVALUATION Simon GrammerANALYSTE Victoria FriedbergASSISTANTE ADMINISTRATIVE We do things a little differently. --- - Published: 2018-06-13 - Modified: 2022-06-21 - URL: https://cbgf.com/fr/nouvelles-perspectives/ Nouvelles sur le CBGF Nouvelles sur le portefeuille Show All L’équipe du CBGF célèbre son nouveau chapitre et ouvre de nouveau le marché avec le Groupe TMX L’équipe du CBGF célèbre son nouveau chapitre et ouvre de nouveau le marché avec le Groupe TMX L’équipe du CBGF célèbre son nouveau chapitre et ouvre de nouveau le marché avec le Groupe TMXRocketDigital2025-04-25T10:14:11-04:00novembre 1, 2024| L'équipe du CBGF célèbre son nouveau chapitre et ouvre Read More Dale Tingley et Hai Tran-Viet annoncent leur nomination en tant que partenaires co-gestionnaires du Fonds de croissance des entreprises du Canada. Dale Tingley et Hai Tran-Viet annoncent leur nomination en tant que partenaires co-gestionnaires du Fonds de croissance des entreprises du Canada. Dale Tingley et Hai Tran-Viet annoncent leur nomination en tant que partenaires co-gestionnaires du Fonds de croissance des entreprises du Canada. RocketDigital2024-11-06T13:25:50-05:00septembre 6, 2024| Aujourd'hui, Dale Tingley et Hai Tran-Viet annoncent leur Read More CBGF annonce sa certification B Corp CBGF annonce sa certification B Corp CBGF annonce sa certification B CorpRocketDigital2024-06-19T09:26:18-04:00juin 19, 2024| CBGF annonce sa certification B Corp Toronto (Ontario) Read More Le Fonds de croissance des entreprises du Canada (CBGF) célèbre cinq années de soutien aux entrepreneurs ambitieux à travers le Canada Le Fonds de croissance des entreprises du Canada (CBGF) célèbre cinq années de soutien aux entrepreneurs ambitieux à travers le Canada Le Fonds de croissance des entreprises du Canada (CBGF) célèbre cinq années de soutien aux entrepreneurs ambitieux à travers le CanadaRocketDigital2023-12-21T10:45:17-05:00juin 20, 2023| Le Fonds de croissance des... --- - Published: 2018-06-13 - Modified: 2024-08-20 - URL: https://cbgf.com/fr/legal/ Conditions d'utilisation et politique de confidentialité Ces conditions d'utilisation et la politique de confidentialité régissent l'accès à l'utilisation du site Web identifié par le nom de domaine « CBGF. com » (le « site Web »). Veuillez lire attentivement ces conditions d'utilisation et la politique de confidentialité avant d'utiliser le site Web. En utilisant le site Web, vous indiquez que vous acceptez les présentes conditions d'utilisation et la politique de confidentialité et que vous êtes légalement lié par celles-ci. Si vous n'acceptez pas et n'acceptez pas d'être légalement lié par et de respecter toutes ces Conditions d'utilisation et Politique de confidentialité, vous n'êtes pas autorisé à accéder au Site ou à l'utiliser autrement. Le site Web est exploité par ou à la demande du Fonds de croissance des entreprises canadiennes et/ou de ses sociétés de portefeuille, filiales et sociétés affiliées (selon le cas) (« CBGF »). Utilisation informative seulement L'information contenue dans le site Web (l '« Information ») est préparée uniquement dans le but de fournir de l'information sur le CBGF et est considérée comme exacte au moment de la publication et/ou de la mise à jour du site Web. Cependant, le CBGF ne garantit pas et ne fait aucune déclaration concernant la qualité, la pertinence, l'exactitude, l'exhaustivité ou les délais de l'information contenue dans le site Web. Ce site Web et les informations qu'il contient peuvent inclure des déclarations sur des événements futurs prévus et/ou des résultats financiers qui sont de nature prospective et soumis à des risques... --- - Published: 2018-06-13 - Modified: 2024-08-15 - URL: https://cbgf.com/fr/reseau/ Le CBGF dispose d'un vaste réseau de chefs d'entreprise et d'experts d’industries qui ont une passion pour la croissance et l'aide aux entreprises. Réseau de talentsDans le cadre de nos efforts pour soutenir les entrepreneurs, le CBGF développe son vaste réseau d'exploitants, de professionnels et de prestataires de service expérimentés qui peuvent apporter leur soutien aux entreprises de notre portefeuille. Ces conseillers et ces firmes peuvent contribuer aux stratégies de croissance et d'amélioration opérationnelle tout en encadrant les équipes de gestion des partenaires. Notre réseau de talents peut s’impliquer des façons suivantes: Président du conseil d’administration, membre du conseil d’administration, conseiller ou mentor auprès de nos entreprises de portefeuille Jouer un rôle au niveau administratif auprès de nos entreprises de portefeuille Conseiller CBGF au cours du processus de diligence raisonnable ou soutenir les entreprises de notre portefeuille après l'investissement Notre réseauNous sommes toujours à la recherche de personnes et d’entreprises solides pour rejoindre notre réseau. Si vous êtes un cadre expérimenté qui a fait ses preuves et qui souhaite travailler avec des entreprises de croissance ambitieuses, nous aimerions vous connaître. Si votre entreprise peut soutenir les entreprises du portefeuille du CBGF et apporter une valeur ajoutée, contactez-nous dès aujourd'hui. Contactez-Nous We do things a little differently. --- - Published: 2018-06-13 - Modified: 2023-07-26 - URL: https://cbgf.com/fr/contactez-nous/inscription-par-courrier-electronique/ Inscrivez-vous pour recevoir des nouvelles et des mises à jourInscrivez-vous pour recevoir les plus récentes nouvelles directement dans votre boîte de réception. Nous sommes déterminés à respecter votre vie privée et nous n’utiliserons vos données personnelles que pour vous fournir des services et du contenu que vous nous demandez. Pour vous inscrire, veuillez soumettre le formulaire ci-après. --- - Published: 2018-06-12 - Modified: 2026-01-30 - URL: https://cbgf.com/ We BelieveCBGF helps Canadian businesses with the capital, talent, and expertise they need to drive growth and realize their potential. Learn more about our Mission & VisionSupported by Canada's leading banks and insurance companies, we have a national mandate to provide long-term, patient, minority capital to entrepreneurs pursuing growth, expansion or transition strategies. With capital commitments of $545 million, CBGF is an independent, values-driven partner for teams committed to taking their business to the next level. Latest News & InsightsFollow the latest news and insights to learn more about how CBGF helps Canadian businesses with the capital, talent, and expertise they need to drive growth and realize their potential. Sign Up TodayCategories: CBGF NewsL’équipe du CBGF célèbre son nouveau chapitre et ouvre de nouveau le marché avec le Groupe TMXNovember 1, 2024 Categories: CBGF NewsDale Tingley et Hai Tran-Viet annoncent leur nomination en tant que partenaires co-gestionnaires du Fonds de croissance des entreprises du Canada. September 6, 2024 Read the full 2025 Year in Review Learn MoreWe InvestWe view our investments as partnerships. As a minority equity investor, the teams that we back and the relationships we build with them are fundamental to our collective success. When we invest, we take a long-term view and treat the relationship seriously from day one. We are diligent and methodical, but strive to be pragmatic and collaborative to keep companies focused on their operations. Our Investment CriteriaWe Help CanadiansTo realize their full potential, companies need more than capital. When CBGF invests, we bring... --- - Published: 2018-06-12 - Modified: 2024-08-20 - URL: https://cbgf.com/fr/investment-criteria/ Notre objectifCBGF cherche à investir entre 5 et 20 millions de dollars dans des entreprises moyennes rentables ou presque rentables ayant un chiffre d'affaires annuel de 5 millions de dollars ou plus, une trajectoire de croissance démontrée et modèle de gestion, et une vision claire de croissance future. Nous ciblons des entreprises en développement de diverses industries selon les critères suivants: Ce que nous faisons 5 à 100 millions de $ de revenus Entreprises rentables ou presque rentables (12 à 24 mois pour atteindre le seuil de rentabilité) 10 à 40 % de participation en capitaux minoritaires Équipe de gestion entrepreneuriale Investissement de 5 à 20 millions de dollars (actions ordinaires, actions privilégiées ou dettes), en tant que chef de file ou avec des partenaires. Basé au Canada Possibilité d’expansion importante Rachats d'entreprises par les cadres (transition/succession) Ce que nous ne faisons pas Démarrages d’entreprise et modèles d’entreprise non prouvés Contrôle des participations en capital Rachats d'entreprises autres que les rachats d'entreprises par les cadres et les transitions de direction Extraction de ressources, Immobilier, cannabis, crypto-monnaie, jeux d'argent ou munitions La structure type d’investissementNous sommes fiers de rendre le processus d'investissement efficace et rentable. Nos investissements sont généralement structurés à l'aide d'actions privilégiées, d'actions ordinaires ou d'instruments de dette qui peuvent être adaptés aux objectifs et aux bilans des entreprises dans lesquelles nous investissons. Le CBGF est également en mesure de fournir des actions secondaires aux actionnaires dans le cadre d'une transaction de capital de croissance (rachat d’entreprise par les... --- - Published: 2018-06-12 - Modified: 2025-03-19 - URL: https://cbgf.com/fr/notre-approche/ Réaliser de grandes choses nécessite du temps. C'est pourquoi le CBGF est structuré de manière à pouvoir adopter une approche patiente et à long terme pour ses investissements. Notre philosophieLorsque nous investissons, nous suivons une approche de partenariat - en ajoutant de la valeur par le biais de relations et de conseils stratégiques, en écoutant et en comprenant avant d'agir, et en nous assurant que nous sommes correctement alignés sur le contrôle, la stratégie et l'horizon de sortie. Dans tout ce que nous faisons, nous nous efforçons d'être justes et raisonnables, de faire preuve de discipline dans nos décisions et de traiter toutes nos parties prenantes avec respect. Pourquoi des capitaux de développement? De nombreuses entreprises canadiennes de taille moyenne considèrent la croissance comme leur objectif principal, mais il existe un manque de capital patient minoritaire pour soutenir leurs plans d'expansion. Sans le bon type de capital de croissance, les entreprises sont incapables de grandir et ratent l’occasion de devenir de grandes entreprises ou vendre trop tôt à des entreprises ou à des firmes étrangères. Les entrepreneurs canadiens racontent une histoire commune lorsqu'on les questionne sur leurs options de financement en vue d’une croissance. Il existe de nombreuses possibilités de financement par emprunt, mais elles ont leurs limites et de nombreux entrepreneurs ont une aversion envers un effet de levier élevé. Il existe de nombreuses sociétés privées de rachat d'actions auxquelles les entrepreneurs pourraient vendre, mais de nombreux entrepreneurs ne sont pas prêts à vendre en totalité ou à travailler... --- - Published: 2018-06-12 - Modified: 2021-02-12 - URL: https://cbgf.com/fr/a-propos-du-fcec/ VisionLa vision du CBGF consiste à devenir le principal investisseur en capital de croissance et le partenaire de choix du Canada pour les entrepreneurs ambitieux du marché intermédiaire, en les aidant à atteindre leur plein potentiel. Notre Énoncé de MissionFournir du capital minoritaire patient et des conseils stratégiques aux entreprises canadiennes du marché intermédiaire pour soutenir leur croissance et favoriser l'innovation, tout en gagnant des rendements du marché. ValeursINTÉGRITÉNous nous comportons avec intégrité, personnellement et professionnellement. Nous faisons ce qui est juste et équitable dans toutes nos interactions. Nous croyons que c'est la seule façon de faire des affaires, ce qui nous permettra d'établir des relations durables et de réussir à long terme. EXCELLENCENous visons l'excellence dans tout ce que nous faisons et dépassons les attentes. Nous ne serons pas limités par une convention et nous trouverons un meilleur moyen, dans la mesure du possible. Nous sommes déterminés à atteindre notre plein potentiel en aidant nos sociétés émettrices à atteindre le leur. RESPONSABILITÉNous sommes responsables des décisions que nous prenons, indépendamment de leurs résultats. Nous prenons en charge et comprenons l'ampleur de notre engagement envers nos actionnaires, les entités émettrices et les uns envers les autres. PARTENARIATNous sommes en partenariat avec nos actionnaires, nos entités émettrices et nos employés. Nous avons des objectifs communs, nous trouvons une force à travailler ensemble et nous démontrons toujours du respect. Nous croyons que s'écouter les uns les autres et d’avoir une communication ouverte, directe et transparente donnent les meilleurs résultats. PASSIONNous croyons en... --- - Published: 2018-06-08 - Modified: 2022-01-11 - URL: https://cbgf.com/legal/ Terms of Use and Privacy Policy These Terms of Use and Privacy Policy govern access to the use of the website identified by the domain name “CBGF. com” (the “Website”). Please read these Terms of Use and Privacy Policy carefully before using the Website. By using the Website you indicate that you agree to these Terms of Use and Privacy Policy and to be legally bound by them. If you do not accept and agree to be legally bound by and comply with all of these Terms of Use and Privacy Policy, you are not permitted to access or otherwise use the Website. The Website is operated by or at the direction of Canadian Business Growth Fund and/or its holding companies, subsidiaries and affiliates (as applicable) (“CBGF”). Informational Use Only The information contained in the Website (the “Information”) is prepared solely for the purpose of providing information about CBGF and is believed to be accurate at the time of publication and/or update of the Website; however, CBGF does not guarantee or warrant or make any representations concerning the quality, suitability, accuracy completeness or timelines of the Information contained in the Website. This Website and the Information contained within it may include statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. CBGF cautions that actual performance will be affected by a number of factors, many of which are beyond CBGF’s control. Future results may vary significantly from CBGF’s current expectations. This... --- - Published: 2018-05-29 - Modified: 2025-02-21 - URL: https://cbgf.com/news-insights/ CBGF News Portfolio News Insights Show All L’équipe du CBGF célèbre son nouveau chapitre et ouvre de nouveau le marché avec le Groupe TMX L’équipe du CBGF célèbre son nouveau chapitre et ouvre de nouveau le marché avec le Groupe TMX L’équipe du CBGF célèbre son nouveau chapitre et ouvre de nouveau le marché avec le Groupe TMXRocketDigital2025-04-25T10:14:11-04:00November 1, 2024| L'équipe du CBGF célèbre son nouveau chapitre et ouvre Read More Dale Tingley et Hai Tran-Viet annoncent leur nomination en tant que partenaires co-gestionnaires du Fonds de croissance des entreprises du Canada. Dale Tingley et Hai Tran-Viet annoncent leur nomination en tant que partenaires co-gestionnaires du Fonds de croissance des entreprises du Canada. Dale Tingley et Hai Tran-Viet annoncent leur nomination en tant que partenaires co-gestionnaires du Fonds de croissance des entreprises du Canada. RocketDigital2024-11-06T13:25:50-05:00September 6, 2024| Aujourd'hui, Dale Tingley et Hai Tran-Viet annoncent leur Read More CBGF annonce sa certification B Corp CBGF annonce sa certification B Corp CBGF annonce sa certification B CorpRocketDigital2024-06-19T09:26:18-04:00June 19, 2024| CBGF annonce sa certification B Corp Toronto (Ontario) Read More Le Fonds de croissance des entreprises du Canada (CBGF) célèbre cinq années de soutien aux entrepreneurs ambitieux à travers le Canada Le Fonds de croissance des entreprises du Canada (CBGF) célèbre cinq années de soutien aux entrepreneurs ambitieux à travers le Canada Le Fonds de croissance des entreprises du Canada (CBGF) célèbre cinq années de soutien aux entrepreneurs ambitieux à travers le CanadaRocketDigital2023-12-21T10:45:17-05:00June 20, 2023| Le Fonds de croissance des entreprises du Canada... --- - Published: 2018-05-29 - Modified: 2023-07-26 - URL: https://cbgf.com/contact/signup/ Sign up for news & updatesStay up-to-date on all things CBGF. Sign up to receive the latest news, direct to your inbox. We’re committed to respecting your privacy and will only use your personal information to provide the services and content you request from us. To sign-up, please submit the form below. --- - Published: 2018-05-28 - Modified: 2023-11-27 - URL: https://cbgf.com/contact/ Our Office 416-364-2243 (CBGF) Toll Free: 1-833-459-2243 (CBGF) contact@cbgf. com145 King Street West, Suite 730 Toronto, ON, M5H 1J8 Stay Up-to-date! Join our newsletter to receive the latest CBGF news, direct to your inbox. SIGN UP TODAY --- - Published: 2018-05-28 - Modified: 2024-08-14 - URL: https://cbgf.com/talent-network/ CBGF has an extensive network of business leaders and industry experts that have a passion for growth and helping companies succeed. Talent NetworkAs part of our efforts to support entrepreneurs, CBGF imparts its extensive network of seasoned business operators, professionals and service providers who can lend support to our portfolio companies. These advisors and firms can help with growth and operational improvement strategies while mentoring partner management teams. Our Talent Network could be involved in the following ways: Board Chair, Board Member, Advisor or Mentor to our portfolio companies To fulfill executive level roles with our portfolio companies To advise CBGF during the due diligence process or support our portfolio companies post-investment Joining Our NetworkWe are always looking for strong people and businesses to join our network. If you are an experienced executive that has ‘been there and done that’ and interested in working with ambitious growth companies, we’d like to hear from you. If your business could support CBGF's portfolio companies and provide value-add, reach out to us today. CONTACT US We do things a little differently. --- - Published: 2018-05-28 - Modified: 2025-03-19 - URL: https://cbgf.com/our-approach/ Accomplishing great things takes time. Recognizing this, CBGF is structured so we can take a long-term and patient approach with our investments. PhilosophyWhen we invest, we follow a partnership approach – adding value through relationships and strategic advice, listening and understanding before we act, and making sure that we are properly aligned on control, strategy, and exit horizon. In everything we do, we strive to be fair and reasonable, to exercise discipline when making decisions, and to treat all our stakeholders with respect. Why Growth Capital? Many mid-market Canadian companies identify growth as their primary objective, but there is a lack of patient minority capital to support their expansion plans. Without the right kind of growth capital, businesses are unable to scale up and miss the opportunity to become large businesses, or sell too early to foreign businesses or firms. Canadian entrepreneurs tell a common story when asked about their options for financing growth. There is a lot of debt financing available, but it has its limits for financing growth and many entrepreneurs have an aversion to high leverage. There are many private equity buyout firms they could sell to, but many entrepreneurs are not ready to sell completely or to work for a controlling shareholder. CBGF DifferentiationWhen entrepreneurs are looking for a solution in the middle – a patient partner where they can maintain control of their business, with a Canadian-based team – they often don’t know who to call. CBGF fills this market void and provides a compelling... --- - Published: 2018-05-28 - Modified: 2024-08-16 - URL: https://cbgf.com/investment-criteria/ Our FocusCBGF seeks to invest between $5 million to $20 million in profitable or near profitable mid-market companies with $5 million or more in annual revenue, a demonstrated growth trajectory and business model, and a clear vision for future growth. We target growing companies across industries based on the following criteria: What We Do $5 to $100 Million of Revenue Profitable or near profitable businesses (12 to 24 months to breakeven) 10% to 40% Minority Equity Stake Entrepreneurial Management Team $5 to $20 Million Investment Size (common, preferred shares or debt), either as a lead or with partners Based in Canada Significant Expansion Opportunity Management buyouts (Transition/Succession) What We Don't Start-ups & Unproven Business Models Controlling Equity Stakes Buyouts other than Management buyouts and leadership transitions Resource Extraction, Real Estate, Cannabis, crypto, gambling, or munitions Typical Investment StructureWe take pride in making the investment process efficient and cost-effective. Our investments are typically structured using preferred, common share or debt instruments that can be tailored to align with the goals and balance sheets of the companies we invest in. CBGF is also able to provide secondaries to shareholders within the context of a growth capital transaction (MBO/succession or transition). Why Partner With CBGF? PATIENT & FLEXIBLE CAPITAL CBGF’s long term fund structure allows us to take a patient approach with our investments. We can provide follow-on capital as needed and seek to exit at the right time for all shareholders. ENTREPRENEURS RETAIN CONTROL CBGF focuses exclusively on minority positions, and our... --- - Published: 2018-05-25 - Modified: 2025-12-01 - URL: https://cbgf.com/team/ The CBGF TeamThe CBGF team was built with one thing in mind – helping mid-sized Canadian businesses grow. With over 100 years of experience in entrepreneurship, leadership, and investing, our team brings a broad perspective and a successful track record across a broad range of industries, investment types, and geographies. We have a passion for entrepreneurship and growth; no matter the opportunities or challenges that lie ahead, our team is here to help! Filter ByAllLeadershipInvestmentPortfolioOperations & Finance Abigail GriffithsGÉNÉRALISTE EN RH Andrea PereiraDIRECTEUR DE PORTFEUILLE Andrew LawlorDIRECTEUR ASSOCIÉ Anna GilliattCHEF DU PERSONNEL Dale TingleyASSOCIÉ CO-GESTIONNAIRE Erica CalizonASSISTANTE DE DIRECTION Ethan LuepannASSOCIÉ Hai Tran-VietASSOCIÉ CO-GESTIONNAIRE Jade BilodeauANALYSTE Jamie LearmonthVICE-PRÉSIDENT Jenny NguyenGESTIONNAIRE DE PORTEFEUILLE Karoline ElkindDIRECTRICE DES FINANCES ET PARTENAIRE Keith TownsendVICE-PRÉSIDENT DES TECHNOLOGIES DE L’INFORMATION Kevan LoASSOCIÉ Lilian WongGESTIONNAIRE PRINCIPALE EN COMPTABILITÉ Logan HaleANALYSTE Naxin ZhangCOMPTABLE PRINCIPALE Prajwol BhandaryASSOCIÉ DE PORTEFEUILLE Robin DinhANALYSTE EN ÉVALUTATION Sheri HerblumGESTIONNAIRE DE L’ÉVALUATION Simon GrammerANALYSTE Victoria FriedbergASSISTANTE ADMINISTRATIVE We do things a little differently. --- --- ## Posts - Published: 2025-11-21 - Modified: 2025-11-21 - URL: https://cbgf.com/news-insights/the-role-of-patient-capital-in-sustainable-business-growth/ The Role of Patient Capital in Sustainable Business GrowthIn an era where short-term returns often dominate investment strategies, patient capital stands out as a preferable option for sustainable growth and long-term success. This unique approach to funding enables businesses to thrive without succumbing to the pressures of immediate profitability, which paves the way for innovation, resilience, and sustainability. What is Patient Capital? Patient capital refers to a long-term investment that prioritizes a business’s enduring success over immediate financial returns. Unlike traditional funding, which often demands quick returns, patient capital provides the time and resources necessary for businesses to implement sound decision making and strategic growth initiatives. This type of investment is particularly vital for companies aiming to innovate or adopt sustainable practices that require capital to grow but yield substantial benefits over time. Why Patient Capital is Essential for Sustainable Growth Sustainability is at the heart of today’s business priorities. However, adopting sustainable growth practices often involves initial expenditures such as investing in technology, acquiring a business, or hiring key employees. Patient capital bridges the gap between these upfront costs and the long-term benefits, empowering businesses to: Implement sustainable growth practices. Strengthen their market position through innovation. Foster resilience against market fluctuations. By aligning financial objectives with sustainable growth models, patient capital supports a balanced approach to scaling up. Sources of Patient Capital Businesses can access patient capital from a variety of sources, including: Institutional Investors: Pension funds and endowments often focus on long-term returns, making them ideal patient capital... --- - Published: 2025-11-21 - Modified: 2025-11-21 - URL: https://cbgf.com/news-insights/strategies-for-scaling-your-canadian-business-with-the-right-partner/ Strategies for Scaling Your Canadian Business with the Right PartnerScaling a business is an exciting yet challenging journey. In Canada’s dynamic business market, the right partner can make all the difference in achieving sustainable growth in your business. Strategic partnerships provide the resources, expertise, and support that businesses need to expand effectively, ensuring long-term success. Why the Right Partner Matters Choosing the right partner is crucial when scaling your business. A well-aligned partner can: Provide capital and financial stability. Offer industry insights and operational expertise. Expand your market reach through established networks. Share risks and responsibilities, allowing you to focus on core growth strategies. Conversely, an unsuitable partnership could lead to operational inefficiencies, misaligned goals, and financial strain. Therefore, selecting a partner who shares your vision and values is essential to the successful growth of your business. Identifying Suitable Partners Finding the right partner begins with understanding your business’s unique needs and objectives. Here are key factors to consider: Alignment of Goals: Ensure the potential partner’s goals align with your business’s mission and long-term vision. Financial Capability: Look for a partner who can provide the necessary funding without imposing undue constraints. Reputation and Values: A partner with a strong reputation and shared values will foster trust and collaboration. Industry Expertise and Operational Expertise: Partners with relevant experience and strong networks can accelerate your growth. Researching potential partners, seeking recommendations, and leveraging your own professional networks are effective ways to identify suitable collaborators. It is also best practice to speak with... --- - Published: 2025-10-27 - Modified: 2025-10-27 - URL: https://cbgf.com/news-insights/the-benefits-of-minority-partners-in-business-expansion/ The Benefits of Minority Partners in Business ExpansionExpanding a business often requires access to resources, expertise, and networks that may be beyond the reach of an entrepreneur operating alone; this is where minority partners come into play. By offering partial ownership through equity, businesses can unlock new opportunities while maintaining control over decision-making. Let’s explore the advantages of offering minority partners and their impact on business growth. Advantages of Offering Minority Partners Access to Capital Without Full Dilution: Minority partners provide financial support to the business in exchange for a share of equity. This approach enables businesses to secure funding without relinquishing control, preserving the founder’s vision and direction. Expertise and Guidance: Minority investors often bring industry knowledge, strategic insights, and operational expertise to the table. Their input can help refine business strategies, improve operations, and navigate complex markets. Enhanced Credibility: Partnering with established minority investors can enhance a company’s reputation. Their involvement serves as a vote of confidence that can attract additional investors, customers, or collaborators. Risk Sharing: By giving equity, businesses can also share risks. This collaborative approach ensures that both the business owner and the minority partner have aligned interests in the company’s overall success, which is key to long-term success. Impact on Decision-Making One of the most significant benefits of working with minority partners is their ability to contribute while the Management team maintains control. Key impacts include: Diverse Perspectives: Minority investors often provide fresh perspectives and challenge assumptions, leading to more robust decision-making. Focused Accountability:... --- - Published: 2025-10-23 - Modified: 2025-10-27 - URL: https://cbgf.com/news-insights/how-to-prepare-your-business-for-growth-capital-investment/ How to Prepare Your Business for Growth Capital InvestmentSecuring growth capital can help you take your business to the next level, enabling you to scale operations, expand market reach, or accelerate innovation. However, achieving investment readiness requires careful preparation. Here are the key steps to prepare your business for growth capital and position yourself as an attractive prospect for investors. Steps to Prepare Clarify Your Goals: Define what you aim to achieve with growth capital. Are you planning to scale production, enter new markets, invest in technology or grow your team? Clear objectives will guide your strategy and make your business vision more attractive to investors. Develop a Solid Growth Plan: Your growth plan should detail your current and future growth strategy, market analysis, competitive advantages, and financial projections. Ensure it reflects your scalability and long-term potential, while building on the foundations that have gotten you to where your business is today. Conduct a Business Assessment: Evaluate your current operations to identify strengths, weaknesses, opportunities, and threats. Highlight areas that align with growth and demonstrate your business’s readiness for expansion, while mitigating any risks and challenges that may be on the horizon. Demonstrating a strong understanding of your business's strengths and weaknesses will help investors during their diligence process, and provide opportunities for discussion around how those investors can help provide value beyond their capital. Financial Considerations Organize Your Financial Records: Investors will thoroughly inspect your financials. Ensure all statements, including balance sheets, profit and loss statements, and cash flow... --- - Published: 2025-08-05 - Modified: 2025-08-05 - URL: https://cbgf.com/news-insights/understanding-the-canadian-private-equity-landscape/ Understanding the Canadian Private Equity LandscapeThe Canadian private equity landscape is a segment of our financial world that can feel intimidating to entrepreneurs who are looking to scale up their businesses. Yet, the better that business owners understand it and the more comfortable they become with it, the more opportunities and potential success they will see for their companies. This article delves into private equity in Canada, highlighting key players, investment trends, and opportunities for entrepreneurs. Overview of Private Equity Private equity (PE) refers to capital investments made directly into private companies or through buyouts of public companies, resulting in the delisting of public equity. It’s a key avenue for firms seeking growth capital, restructuring, or market expansion. In Canada, private equity investment spans a broad spectrum, from venture capital funding early-stage startups to large buyouts of established enterprises. The PE market complements public equity markets by providing alternatives for companies that may not yet be ready or suited for public listing but have significant growth potential. Key Players in Canada Canada’s private equity market boasts a diverse array of participants, from global investment firms to niche venture capital funds. Key players include: Large or Buyout PE Firms: These firms deal with large-scale investments and larger businesses. Mid-Market PE Firms: These firms specialize in mid-market deals, often partnering with family-owned or regional mid-sized businesses. Venture Capital Funds: Firms that drive early-stage investments in technology and innovation sectors in start-up companies. Institutional Investors: Pension funds, endowments, and sovereign wealth funds are... --- - Published: 2025-06-03 - Modified: 2025-07-11 - URL: https://cbgf.com/news-insights/the-importance-of-long-term-partnerships-in-business-expansion/ The Importance of Long-Term Partnerships in Business ExpansionIn today’s competitive market, growth doesn’t happen in isolation. Businesses that achieve sustained success often attribute their expansion to solid long-term business partnerships. These relationships, built on mutual trust and shared goals, drive innovation and growth. Let’s explore why fostering long-term partnerships is vital for businesses looking to expand. Benefits of Long-Term Partnerships Shared Resources and Expertise: Long-term business partnerships enable companies to pool resources, share expertise, which could help them gain access to new markets or other advantages compared to their peers. This collaboration can help reduce costs and accelerate innovation. Increased Stability: Strategic alliances offer financial and operational stability, providing businesses with a dependable partner to help them navigate market fluctuations and economic challenges. Enhanced Credibility: Being associated with a reliable partner can enhance a company’s reputation, opening doors to new opportunities and strengthening customer trust. Sustained Growth: By focusing on sustained collaboration, companies can work together to adapt to evolving market needs, ensuring continuous, stable growth over time. Finding the Right Partner The success of a long-term business partnership depends heavily on choosing the right partner. It’s essential to identify companies or investors whose values, goals, and expertise align with your own. Look for partners who: Share your vision for growth. Complement your strengths with their unique skills or resources. Demonstrate a proven track record of integrity and reliability. Thorough research and clear communication are crucial during this process. Take the time to ensure alignment and establish a solid foundation... --- - Published: 2025-04-23 - Modified: 2025-07-11 - URL: https://cbgf.com/news-insights/understanding-patient-capital-for-canadian-entrepreneurs/ Understanding Patient Capital for Canadian EntrepreneursEntrepreneurs often face challenges securing the right funding to grow their businesses. For Canadian entrepreneurs focused on sustainable growth, patient capital provides a unique and supportive approach to funding. In this article, we explore the concept of patient capital, its benefits, and why it could be the perfect fit for your business, with a special focus on the role of the Canadian Business Growth Fund (CBGF) in providing this type of investment. What Is Patient Capital? Patient capital refers to long-term funding that allows businesses to grow without the pressure of short-term returns that are often accompanied when partnering with non-patient capital providers. Unlike traditional funding methods, such as bank loans or venture capital, patient investment capital prioritizes sustainable growth over short-term profits. This type of funding is typically equity-based, meaning investors take a stake in the company and align their success with the company’s long-term performance. Benefits of Patient Capital for Entrepreneurs Patient capital offers a range of advantages for entrepreneurs, such as: Time to Grow: Entrepreneurs can focus on scaling their businesses thoughtfully, without the pressure of rapid returns or aggressive repayment schedules. This allows businesses to make informed decisions and follow their processes to get to the best result. Strategic Support: Providers of patient capital often offer more than just funding. They bring expertise, mentorship, and networks to help businesses succeed. Alignment of Goals: Investors and business owners work collaboratively toward long-term success, fostering a partnership rather than a transactional relationship. How... --- - Published: 2025-04-08 - Modified: 2025-07-11 - URL: https://cbgf.com/news-insights/the-missing-middle-bridging-canadas-mid-market-growth-capital-gap/ The Missing Middle: Bridging Canada’s Mid-Market Growth Capital GapBy the Canadian Business Growth Fund (CBGF) Canada’s economic future depends not only on the innovation of startups or the scale of multinational corporations, but on the steady rise of mid-sized businesses—the often overlooked “missing middle. ” These companies, typically generating between $10 million and $100 million in revenue, are critical drivers of employment, productivity, and regional economic development. Yet, when it comes to accessing the capital they need to grow, they face a persistent gap. This mid-market financing challenge is more than anecdotal. Canada’s capital landscape is polarized: early-stage ventures have access to a growing pool of venture capital, while mature businesses can tap into institutional private equity or public markets. But mid-sized firms—too big for venture capital and too small or early for traditional private equity—are frequently left in the lurch. This is the “missing middle” of Canada’s capital markets. And in today’s economic climate, the consequences of this gap are even more pronounced. A Challenging Climate for Growth Canadian businesses are currently navigating a landscape marked by rapidly rising interest rates in 2023, slowing GDP growth, and increased geopolitical uncertainty. The economic aftershocks of global supply chain disruptions, paired with inflationary pressure, have added new layers of complexity for business owners. Meanwhile, escalating trade tensions and proposed U. S. tariffs, particularly in key sectors such as aluminum, agriculture, and automotive, could restrict market access and squeeze margins for mid-sized exporters. These shifting sands create a greater need for strategic,... --- - Published: 2025-03-21 - Modified: 2025-03-21 - URL: https://cbgf.com/news-insights/navigating-capital-options-in-the-canadian-market/ Navigating Capital Options in the Canadian MarketSecuring the right funding is a crucial step for Canadian entrepreneurs aiming to scale their businesses. The market offers a variety of funding sources and investment opportunities, from venture capital to private equity, each with unique advantages and challenges. This blog will provide an overview of growth capital, explore the Canadian market landscape, and share tips to help entrepreneurs make informed decisions to secure the funding that is right for their business. What Is Growth Capital? Growth capital refers to the funding provided to businesses that are beyond the startup phase, have a proven business model and stable recurring revenue, and are now ready to scale. This type of funding often supports activities like expanding operations, entering new markets, launching new products, building out a team, or acquiring other businesses. The Canadian Market Landscape Canada offers a thriving ecosystem for capital, supported by a range of investment opportunities: Venture Capital (VC): Often aimed at high-growth industries such as technology, VC funding can provide significant capital but often comes with high expectations for rapid growth and profitability. Buyout Private Equity (PE): Ideal for more mature businesses, buyout private equity investors focus on maximizing returns through strategic involvement, often resulting in ownership changes. Growth Capital: Offered by organizations like the Canadian Business Growth Fund (CBGF), growth capital investors help bridge the gap for companies that may not appeal to VC investors and may not be sufficiently large enough to appeal to larger buyout investors. Often, growth... --- - Published: 2025-01-21 - Modified: 2025-01-21 - URL: https://cbgf.com/news-insights/the-role-of-private-equity-in-supporting-canadian-entrepreneurs/ The Role of Private Equity in Supporting Canadian EntrepreneursFor Canadian entrepreneurs, access to capital often stands as a critical factor of success. However, for many business owners with innovative ideas and a passion for growth, securing funding can be a daunting challenge. Private equity firms can play a pivotal role in providing the necessary financial support while allowing Canadian entrepreneurs to execute on their plans for scaling their business. At the Canadian Business Growth Fund (CBGF), we actively seek out minority partnerships to empower entrepreneurs, allowing them to scale up their businesses without burdening the decision of having to relinquish control. CBGF: Empowering Entrepreneurs through Minority Partnerships Founded on the belief that Canadian entrepreneurs deserve better access to sources of capital and expertise to foster growth, CBGF operates as a unique entity within the private equity landscape. As a patient, minority partner, CBGF allows Management Teams to stay in the driver's seat and maintain control over decisions that impact their business. As a supportive partner, CBGF acts as a sounding board and provides guidance, advice and its expertise along the way. Empowering Entrepreneurial Autonomy Rather than imposing authority and having the final say on management's decisions for their business, CBGF adopts a collaborative approach, working alongside entrepreneurs to make good decisions and help set the direction and future growth strategy of the business. Prioritizing Sustainable Growth with Patient Capital One of the key advantages of CBGF's evergreen model is the concept of having patient capital. Typical private equity funds operate... --- - Published: 2024-11-01 - Modified: 2025-04-25 - URL: https://cbgf.com/fr/news-insights/lequipe-du-cbgf-celebre-son-nouveau-chapitre-et-ouvre-de-nouveau-le-marche-avec-le-groupe-tmx/ L'équipe du CBGF célèbre son nouveau chapitre et ouvre de nouveau le marché avec le Groupe TMXIl y a 6 ans, le CBGF ouvrait le marché pour la première fois avec le Groupe TMX, lors de notre année inaugurale et, aujourd'hui, nous y sommes retournés pour célébrer le nouveau chapitre du CBGF avec Dale et Hai à la barre. Parallèlement, nous célébrons l'arrivée de plusieurs nouveaux membres de l'équipe qui aident le CBGF à poursuivre sa mission d'aider les entrepreneurs canadiens à « voir grand ». Depuis notre lancement en 2018, nous avons investi dans 31 entreprises à travers le Canada et avons mis sur pied notre mission consistant à fournir du capital minoritaire patient et un soutien stratégique aux entreprises canadiennes du marché intermédiaire pour alimenter leur croissance et favoriser l'innovation, tout en obtenant des rendements sur le marché. Alors que nous approchons de la fin de l'année 2024, nous commençons à réfléchir à nos réalisations à ce jour et continuons à célébrer le travail acharné et le dévouement qui nous ont menés là où nous sommes aujourd'hui. Nous sommes reconnaissants envers toutes les personnes qui ont soutenu la réussite du CBGF et qui y ont contribué jusqu'à maintenant, et nous nous réjouissons de soutenir d'autres entrepreneurs ambitieux au Canada au cours des années à venir. --- - Published: 2024-10-30 - Modified: 2025-07-11 - URL: https://cbgf.com/news-insights/the-obstacles-and-opportunities-of-being-an-entrepreneur-in-canada/ The Obstacles and Opportunities of Being an Entrepreneur in CanadaEmbarking on the journey of entrepreneurship in Canada presents a blend of obstacles and opportunities. From securing funding to navigating the complexities of business operations, entrepreneurs encounter a diverse array of hurdles. However, amidst these challenges lie opportunities for growth and success. One avenue that Canadian entrepreneurs often explore for support is the Canadian Business Growth Fund (CBGF), as we are a strategic partner that offers minority investments and access to expert networks. Securing Funding One of the first challenges often faced by entrepreneurs in Canada is securing adequate funding to fuel the growth of their mid-market business. As companies begin to gain traction in the market and see the potential for future growth of their business, they are often unsure of the options available between venture capital and buyout capital to secure growth financing. CBGF offers minority investments to established, growing businesses in Canada, allowing entrepreneurs to retain majority ownership of their businesses while still accessing the capital necessary for growth. This approach not only provides financial backing but also preserves the entrepreneurial vision and autonomy. Accessing the Right Expertise When You Need It Another hurdle that entrepreneurs face is the scarcity of expertise in critical areas such as marketing, finance, and operations. Building a skilled team from the ground up can be daunting, and a lack of expertise and talent around the table can hinder effective decision-making, stifle innovation, and impede growth prospects. CBGF recognizes this challenge and steps... --- - Published: 2024-10-30 - Modified: 2025-01-21 - URL: https://cbgf.com/news-insights/how-to-build-a-successful-partnership-with-a-private-equity-firm/ How to Build a Successful Partnership with a Private Equity FirmBuilding a successful partnership with a private equity (PE) firm can help you scale up your business, expand into new markets, and gain an edge over your competitors. Private equity firms bring not only capital but also strategic guidance, industry expertise, and a network of resources. Like any relationship, however, forming a successful partnership requires mutual understanding, clear communication, and aligned goals. Here's a list of the top five factors to consider in order to build a successful partnership with a private equity firm. 1. Research Potential Partners Depending on the stage of your business and your future plans for both yourself and the company, you will want to determine which type of investment partner is right for you. Different PE firms specialize in different areas, and all have unique attributes that may or may not be a fit for your business, so having a strong understanding of your objectives and needs will help you identify the right partner. For example, at the Canadian Business Growth Fund (CBGF), we specialize in minority partnerships for established businesses that are ready to scale and grow, while allowing entrepreneurs to retain control over their business. Research potential partners thoroughly to find a firm that aligns with your industry, business size, and growth stage. Look at the firm's portfolio to see if they have experience in your sector and evaluate their track record of success. 2. Build a Compelling Pitch Your pitch is your... --- - Published: 2024-10-30 - Modified: 2024-10-30 - URL: https://cbgf.com/news-insights/cbgf-opens-market-with-tmx-group/ This morning, the CBGF team opened the market with TMX Group! CBGF opened the market for the first time 6 years ago in our inaugural year, and today, we went back to celebrate CBGF’s new chapter with Dale and Hai at the helm. Alongside this, we are celebrating the addition of several new team members who are helping CBGF continue its mission of helping Canadian entrepreneurs ‘Think Big’. Since our launch in 2018, we have invested in 31 companies across Canada and have executed our mission of providing patient minority capital and strategic support to mid-market Canadian businesses to fuel their growth and foster innovation, while earning market returns. As we are approaching the end of 2024, we begin to reflect on our accomplishments to date and continue to celebrate the hard work and dedication that has led us to where we are today. We are thankful for all of those who have supported and contributed to CBGF’s success to date, and we look forward to backing more ambitious entrepreneurs in Canada in the years to come. --- - Published: 2024-09-06 - Modified: 2025-07-11 - URL: https://cbgf.com/news-insights/dale-tingley-and-hai-tran-viet-announce-their-appointment-as-co-managing-partners-of-the-canadian-business-growth-fund/ Today, Dale Tingley and Hai Tran-Viet announce their appointment as Co-Managing Partners of the Canadian Business Growth FundSince the Fund’s launch in 2018, CBGF has made a meaningful impact in the Canadian scale-up ecosystem. Dale and Hai are proud of the performance of the fund, our team and portfolio companies to date, and believe the future is bright. CBGF has an impressive pipeline of opportunities and significant capital left to deploy into growing Canadian businesses. “I am excited by the opportunity to co-lead the fund with Hai, and to expand on our mission to partner with ambitious entrepreneurs across Canada. As a result of George’s work to date, we have a very strong foundation to build upon and we appreciate all the guidance and leadership he provided since the Fund's inception to get CBGF to where it is today,” said Dale Tingley. “Our portfolio companies have immense potential, and I look forward to unlocking the value of those companies by working closely with Dale and our amazing team,” shared Hai Tran-Viet. “We want to thank George and build on his work to ensure we remain a leading Canadian minority growth capital provider, funding growth and expansion of mid-market Canadian businesses”. Contact us today to learn more about our mission at www. cbgf. com. --- - Published: 2024-09-06 - Modified: 2024-11-06 - URL: https://cbgf.com/fr/news-insights/dale-tingley-et-hai-tran-viet-annoncent-leur-nomination-en-tant-que-partenaires-co-gestionnaires-du-fonds-de-croissance-des-entreprises-du-canada/ Aujourd'hui, Dale Tingley et Hai Tran-Viet annoncent leur nomination en tant que partenaires co-gestionnaires du Fonds de croissance des entreprises du Canada. Depuis le lancement du fonds en 2018, le CBGF a eu un effet significatif sur l'écosystème canadien de mise à l'échelle. Dale et Hai sont fiers du rendement du fonds, de notre équipe et des entreprises du portefeuille à ce jour, et croient que l'avenir est prometteur. Le CBGF dispose d'une impressionnante réserve de possibilités et d'un capital important à déployer dans des entreprises canadiennes en pleine croissance. « Je suis très enthousiaste à l'idée de codiriger le fonds avec Hai et de poursuivre notre mission de partenariat avec des entrepreneurs ambitieux à travers le Canada. Grâce au travail de George jusqu'à présent, nous disposons d'une base très solide sur laquelle nous pouvons nous appuyer et nous apprécions tous les conseils et le leadership qu'il a fournis depuis la création du fonds pour amener CBGF là où elle est aujourd'hui », a déclaré Dale Tingley. « Les entreprises de notre portefeuille ont un immense potentiel et je suis impatient de libérer la valeur de ces entreprises en travaillant en étroite collaboration avec Dale et notre formidable équipe », a déclaré Hai Tran-Viet. « Nous tenons à remercier George et à nous appuyer sur son travail pour nous assurer que nous restons l'un des principaux fournisseurs de capital de croissance minoritaire au Canada, en finançant la croissance et l'expansion des entreprises canadiennes de taille moyenne ». Pour en savoir... --- - Published: 2024-06-19 - Modified: 2024-10-28 - URL: https://cbgf.com/news-insights/canadian-business-growth-fund-announces-b-corp-certification/ Canadian Business Growth Fund Announces B Corp CertificationToronto, ON — June 19, 2024 — The Canadian Business Growth Fund (CBGF) proudly announces its B Corp certification, reinforcing its commitment to responsible and ethical business practices that consider its impact on all stakeholders. As a B Corp, CBGF joins a global community of companies dedicated to considering both profit and purpose. As of May 2024, there are over 8,600 B Corp companies in 101 countries spanning across 162 industries and today, CBGF joins a small but growing number of private equity firms that have achieved this status in Canada and around the world. CBGF supports innovation and fosters a resilient and competitive Canadian economy by investing in our entrepreneurs and their bold plans for growth. Since launching six years ago, CBGF has always strived to do our best for our employees, portfolio companies and all stakeholders. Our B Corp status recognizes our efforts of running our business in an ethical and socially responsible manner since our inception, and further emphasizes our mission to make a positive impact on Canadian businesses by providing patient minority capital and strategic support to fuel their growth and foster innovation, while earning market returns. George Rossolatos, CEO and Managing Partner of CBGF says, “We are proud to have achieved our B Corp status. This has been a goal of ours since launching the fund given our commitment to making a positive impact on Canadian entrepreneurs and the Canadian economy, and we believe that this certification further... --- - Published: 2024-06-19 - Modified: 2024-06-19 - URL: https://cbgf.com/fr/news-insights/cbgf-annonce-sa-certification-b-corp/ CBGF annonce sa certification B CorpToronto (Ontario) — le 19 juin 2024 — Le Fonds de croissance des entreprises du Canada (CBGF) est fier d'annoncer qu'il a obtenu la certification B Corp, renforçant ainsi son engagement en faveur de pratiques commerciales responsables et éthiques qui tiennent compte de leur effet sur toutes les parties prenantes. En tant que B Corp, CBGF rejoint une communauté mondiale d'entreprises qui s'efforcent de prendre en compte à la fois le profit et l'objectif. En mai 2024, il y avait plus de 8 600 entreprises B Corp dans 101 pays et dans 162 secteurs d'activités. Aujourd'hui, CBGF se joint à un nombre restreint, mais croissant de sociétés de capital-investissement qui ont obtenu ce statut au Canada et dans le monde. CBGF soutient l'innovation et favorise une économie canadienne résiliente et concurrentielle en investissant dans nos entrepreneurs et leurs plans de croissance audacieux. Depuis son lancement il y a six ans, le CBGF s'est toujours efforcé de faire de son mieux pour ses employés, les entreprises de son portefeuille et toutes les parties prenantes. Notre statut de B Corp reconnaît nos efforts pour gérer notre entreprise de manière éthique et socialement responsable depuis notre création, et souligne davantage notre mission d'avoir un effet positif sur les entreprises canadiennes en fournissant du capital patient minoritaire et un soutien stratégique pour alimenter leur croissance et favoriser l'innovation, tout en obtenant un rendement du marché. George Rossolatos, PDG et associé directeur general du CBGF, déclare : « Nous sommes... --- - Published: 2024-02-20 - Modified: 2024-02-20 - URL: https://cbgf.com/news-insights/navigating-the-private-equity-life-cycle-and-how-cbgf-is-different/ Navigating the Private Equity Life Cycle and How CBGF is DifferentThe journey through the private equity life cycle can be a daunting experience for entrepreneurs. As companies strive to secure the right funding, execute strategic plans, and navigate exit opportunities, the choices made during this process can significantly impact their trajectory. In this article, we'll explore the private equity life cycle and shed light on how the Canadian Business Growth Fund (CBGF) stands out with its distinctive approach, providing long-term, patient, minority capital and fostering partnerships that set businesses up for success. The Private Equity Life Cycle: Sourcing Capital: The first stage of the private equity life cycle involves sourcing capital for growth and expansion. CBGF presents an attractive capital option in the market, offering long-term, patient, minority capital to support mid-market Canadian businesses. CBGF's evergreen approach, unlike many capital providers, allows companies to focus on sustainable growth without the pressure of immediate returns or investor interference in their day-to-day operations. Strategic Planning: Strategic planning is what guides a business through growth. CBGF's commitment to long-term partnerships becomes evident at this stage. By aligning interests with partner companies, CBGF works collaboratively on growth strategies, ensuring a shared vision for sustainable growth is at the forefront of the planning process. Execution: Executing growth strategies requires not only capital but also expertise. CBGF goes beyond being a capital provider – our team provides guidance and advice along the way while also leveraging our network of business leaders and sector experts. This network... --- - Published: 2024-02-20 - Modified: 2024-02-20 - URL: https://cbgf.com/news-insights/exit-strategies-in-private-equity-a-comprehensive-guide/ Exit Strategies in Private Equity: A Comprehensive GuideFor business owners considering private equity as a means of growing their business, it is important to plan not only for the partnership itself but also for the eventual exit. Effectively navigating exit routes can play a significant role in the ultimate success of the investment. For companies partnered with the Canadian Business Growth Fund (CBGF), the approach to exit differs from traditional private equity models due to its unique evergreen structure. Unlike conventional private equity firms with defined fund lifecycles, CBGF operates with an evergreen structure. This empowers business owners to dictate their growth trajectory and strategic decisions without being bound by rigid investment timelines. With CBGF, the focus extends beyond short-term gains, allowing companies to prioritize sustainable growth strategies tailored to their specific needs and market conditions. Given the flexibility in CBGF's investment approach, crafting an exit strategy becomes a strategic endeavour that aligns closely with the company's long-term vision. Here's a comprehensive guide to navigating exit strategies within the context of CBGF: Alignment of Objectives: A successful exit strategy begins with aligning the interests of the business owner and CBGF at the time of initial investment. Clear communication and understanding of shared objectives ensure that the exit plan reflects the vision for the company's future. Long-Term Value Creation: With CBGF's evergreen structure, the emphasis lies on generating long-term value rather than short-term returns. Exit strategies should focus on maximizing the company's potential, leveraging growth opportunities, and strengthening its market position... --- - Published: 2024-01-17 - Modified: 2024-01-17 - URL: https://cbgf.com/news-insights/how-cbgf-can-help-your-business-expand-internationally/ How CBGF Can Help Your Business Expand InternationallyAre you an entrepreneur in Canada eyeing international expansion opportunities for your business, but need the capital and expertise to help you achieve your ambitious plans? Look no further than CBGF. As a minority equity investor, we specialize in providing patient capital to a diverse portfolio of growing businesses across Canada. Beyond national borders, CBGF supports its portfolio companies to help them successfully scale on an international level. Crafting a Successful International Expansion Strategy The journey toward international expansion is a strategic leap that demands careful consideration. To capitalize on international demand and unlock significant growth in new territories, businesses need a robust strategy. CBGF provides support and advice to its portfolio companies, emphasizing the importance of evaluating key factors such as target geographies, required resources, market positioning, and more. Overcoming International Expansion Challenges Embarking on international expansion presents a unique set of challenges, and businesses must navigate these hurdles to ensure success. CBGF helps Management teams evaluate critical considerations, including market congestion, potential lack of demand for products, hiring challenges, tax implications, and supply chain risks. Understanding and addressing these risks are pivotal to a smooth and successful expansion. CBGF's Support for Overseas Growth CBGF doesn't just stop at providing growth capital to help companies launch their global expansion plans; our network of business leaders and industry experts offers invaluable expertise in international markets. Our team has valuable business connections to help our Canadian clients with their international expansion. Importantly, CBGF remains... --- - Published: 2023-11-06 - Modified: 2025-02-13 - URL: https://cbgf.com/news-insights/growth-through-acquisition-cbgf-podcast/ Growth Through Acquisition - A Globe & Mail WebcastAcquiring a company can serve as a beneficial means to increase your market presence and boost your revenue. However, it comes with inherent risks. In October, 2023, The Globe and Mail conducted a webcast where specialists offered insights into the common challenges linked to business acquisitions, the transition process, and strategies to minimize risk before and after the acquisition. Speakers: Michael Black, Partner, Richter Navaid Mansuri, CFO, Dialogue Stephanie Ciccarelli, Co-founder of Voices and CMO, Lake George Rossolatos, CEO and Managing Partner, Canadian Business Growth Fund Jameson Berkow, Capital Markets Reporter, The Globe and Mail *Source: Globe and Mail https://www. theglobeandmail. com/events/article-growth-through-acquisition-chart-the-right-strategy-for-your-company/ --- - Published: 2023-10-16 - Modified: 2023-10-16 - URL: https://cbgf.com/news-insights/understanding-our-investment-criteria/ Understanding our Investment Criteria: What the Canadian Business Growth Fund Looks for in Potential PartnersFinding an investment partner that believes in your business and can help you grow can be a huge asset for companies looking to take the next step – but finding the right business partner is essential, so you must have some vetting criteria. At the Canadian Business Growth Fund (CBGF), it is also essential for us to choose the right partners to invest in. We need to know that it is the right fit so that a productive partnership can be formed. At CBGF, we are committed to supporting the growth and success of dynamic mid-market companies across Canada. But what exactly do we look for in potential partners? In this blog post, we'll break down our investment criteria to help you understand what makes a company an ideal candidate for CBGF. 1. Annual Revenue Between $5 Million to $100 Million CBGF seeks out mid-market companies with annual revenues ranging from $5 million to $100 million. This range is crucial as it signifies that a level of maturity and sustainability has already been established, which aligns with our mission to fuel growth. Companies within this revenue range have often passed the initial start-up phase and have established themselves in their respective markets. This is when they are ready to scale and ramp up their operations. 2. Minority Equity Stake of 10% to 40% We aim for a minority equity stake in the companies we invest in,... --- - Published: 2023-10-06 - Modified: 2023-12-21 - URL: https://cbgf.com/news-insights/why-the-cbgf-is-essential-for-economic-development/ Fueling Growth: Why the Canadian Business Growth Fund is Essential for Economic DevelopmentIn 2017, the federal government’s Advisory Council on Economic Growth published a report entitled Unlocking Innovation to Drive Scale and Growth. The report identified several sectors in which Canada has the opportunity to take a leading role in the world’s economy. The report also identified gaps or potential barriers to those achievements. Two notable barriers were: A gap between invention and revenue-generating commercialization. The inability of many Canadian start-ups to scale up their businesses. These barriers are often the result of insufficient growth capital and/or insufficient executive talent who can bring a Canadian business to the next level. And that is where the Canadian Business Growth Fund comes in. What is the Canadian Business Growth Fund? The Canadian Business Growth Fund is a means for Canadian businesses to obtain the capital they need through minority partnership investment. It is not a loan, so entrepreneurs do not have to worry about incurring debt. It is selling a minority ownership in their business that allows entrepreneurs access to capital while allowing them to retain control of their company. In addition to capital, however, entrepreneurs also receive valuable advice and are opened up to a broader array of industry experts through CBGF’s network, who can help them scale up their businesses and take them to the next level. From innovation to commercialization Canada has some wonderful universities and other institutions where innovation, research and development can thrive. Where this innovation often... --- - Published: 2023-10-06 - Modified: 2023-12-21 - URL: https://cbgf.com/news-insights/how-the-canadian-business-growth-fund-empowers-entrepreneurs/ Supporting Entrepreneurship: How the Canadian Business Growth Fund Empowers EntrepreneursAt CBGF, we have helped several companies take the next step in their growth by providing them with minority capital. Unfortunately, we cannot back every entrepreneur we meet, as we must be selective in which entrepreneurs and companies we choose to back. We are not the right fit for all companies, as some may be at a stage too early in their growth journey for CBGF. Although we may not always be the right fit for an investment today, it doesn’t mean we don’t want to see them succeed or come back to us once they are within our investment criteria. And it doesn’t mean we don’t offer any help at all. In fact, even though some entrepreneurs may not be the right fit right now, we continue to provide advice and support, and even facilitate introductions where possible, so they can improve their business or find a partner that is right for them. We will often share our advice and expertise on steps they may need to take or areas they may need to think through further, either to come back to us at a later date or to help them on their journey with other investors. Here are some examples: Unified vision and long-term planning As investors, we want to see that the management team members have a clear and unified vision for the future of their business. Management teams must be aligned and work collaboratively toward a common... --- - Published: 2023-10-05 - Modified: 2023-12-21 - URL: https://cbgf.com/news-insights/listen-to-the-podcast-george-rossolatos-of-cbgf-on-how-to-build-sustainable-growth-with-a-longer-term-investment-approach/ George Rossolatos, CEO of CBGF, On How to Build Sustainable Growth with a Longer Term Investment ApproachThis week on the Private Equity Value Creation Podcast, George Rossolatos, CEO & Managing Partner of CBGF, spoke with Shiv Narayanan about the pitfalls of aggressive revenue targets and growth timelines. We explore how portcos can balance early profitability vs. high-burn rates, the benefits of longer holding periods, and why creating a more realistic approach to growth trajectories is beneficial. To listen to the podcast click here. --- - Published: 2023-07-11 - Modified: 2023-10-06 - URL: https://cbgf.com/news-insights/success-stories/ Success Stories: How the Canadian Business Growth Fund Helped Canadian Companies ThriveCanadian business owners across the country pride themselves on building or scaling up their companies. But everyone can use some help every now and then – and that’s exactly what the Canadian Business Growth Fund (CBGF) has to offer. As minority investors, we provide Canadian business owners with the capital they need while ensuring they have control over their companies. And the model works! The following are just a few examples of how we have helped Canadian companies thrive. Appnovation Vancouver based tech company, Appnovation, turned to CBGF in 2019 when the founders were looking to take the business to the next level. Arnold Leung, Founder and CEO, says he was excited when he discovered CBGF, as it was a fund that was evergreen to support entrepreneurs within the country. Within a short timeframe, CBGF was able to help the Canadian tech company achieve a five-year revenue growth of 520% and rank 175 on the annual Growth 500 list by Canadian Business and Maclean’s. believeco:partners Arlene Dickinson trusts CBGF as a funding partner in her role as Co-Managing Partner and Executive Chair of believeco:partners, a marketing agency consolidator based in Calgary. As one of the stars of CBC’s Dragon’s Den and an avid investor herself, Dickinson knows a thing or two about the industry, so we are incredibly proud that she has shared her testimonial. “The reason we ended up selecting CBGF as our private equity partner was because... --- - Published: 2023-06-28 - Modified: 2023-09-08 - URL: https://cbgf.com/news-insights/using-private-equity-to-fund-merger-and-acquisition-strategy/ Using Private Equity to Fund a Merger and Acquisition StrategyWhen it comes to scaling your business, a variety of strategies can be used. Many people think of scaling strictly in terms of growing their existing operations; however, merger and acquisition strategy (M&A) is a common process companies will leverage to expand their existing business. Sometimes referred to as a buy and build strategy, M&A involves purchasing one or more companies, allowing you to become more competitive and capture a greater share of the market. If an M&A strategy is something that you are considering for your business, the next question will be how to fund such a strategy. One option is to seek outside capital, namely through private equity. In this article, we will discuss what you need to know about using private equity to fund an M&A strategy. How to select the right private equity partner: Private equity is a method of business funding that involves exchanging an equity share in your company for capital. Your company can then use these funds to advance its M&A strategy. However, before you choose an equity partner, it is important to do your due diligence to ensure that there is a good match. For example, you will want to ensure that your interests are aligned with that of your new private equity partner in terms of the timeline for the M&A strategy to be executed. If your new equity partner is looking for a fast turnaround while you believe it is better... --- - Published: 2023-06-20 - Modified: 2023-09-08 - URL: https://cbgf.com/news-insights/canadian-business-growth-fund-cbgf-celebrates-five-years-of-backing-ambitious-entrepreneurs-across-canada/ Canadian Business Growth Fund (CBGF) Celebrates Five Years of Backing Ambitious Entrepreneurs across CanadaFunded by Canada’s leading banks and insurance companies, CBGF has proudly delivered on its mission of providing mid-market Canadian businesses with access to the long-term, patient, minority capital they require to grow. TORONTO, June 20, 2023 - The Canadian Business Growth Fund (CBGF) today celebrates its five year anniversary since the start of its national mandate to help entrepreneurs access the capital and guidance they need to drive growth and expansion for their high potential mid-market Canadian businesses. “It feels like just yesterday that CBGF was celebrating its launch with a small founding team in place and a lot of unknowns of what would come in the years to follow,” explains George Rossolatos, CEO & Managing Partner. “Looking back after five years, I am humbled and honoured to lead our team, which is now comprised of over 20 passionate individuals who along with our partners, the leading financial institutions in Canada, are passionate about filling the growth capital gap. ” CBGF’s mission is to invest between $5 million and $20 million in dynamic, mid-market companies with $5 million or more in annual revenue, and a clear vision for accelerated growth. The fund provides Canadian companies with patient, minority capital, guidance and a made-in-Canada solution that keeps entrepreneurs in control of their businesses. “Over the last five years we have witnessed and been fortunate enough to have met over 2,000 of Canada’s exceptional entrepreneurs and companies with the... --- - Published: 2023-06-20 - Modified: 2023-12-21 - URL: https://cbgf.com/fr/news-insights/le-fonds-de-croissance-des-entreprises-du-canada-cbgf-celebre-cinq-annees-de-soutien-aux-entrepreneurs-ambitieux-a-travers-le-canada/ Le Fonds de croissance des entreprises du Canada (CBGF) célèbre cinq années de soutien aux entrepreneurs ambitieux à travers le CanadaFinancé par les principales banques et compagnies d'assurance du Canada, le CBGF a fièrement rempli sa mission qui consiste à fournir aux entreprises canadiennes du marché intermédiaire l'accès aux capitaux minoritaires patients et à long terme dont elles ont besoin pour se développer. TORONTO, le 20 juin 2023 - Le Fonds de croissance des entreprises du Canada (CBGF) célèbre aujourd'hui son cinquième anniversaire depuis le début de son mandat national visant à aider les entrepreneurs à accéder aux capitaux et aux conseils dont ils ont besoin pour stimuler la croissance et l'expansion de leurs entreprises canadiennes de taille moyenne à fort potentiel. « Il me semble que c'était hier que le CBGF célébrait son lancement, avec une petite équipe de fondateurs en place et beaucoup d'inconnues sur ce qui allait arriver dans les années à venir », explique George Rossolatos, PDG et directeur associé. « Cinq ans plus tard, je suis très honoré de diriger notre équipe, qui compte aujourd'hui plus de 20 personnes passionnées qui, avec nos partenaires, les principales institutions financières du Canada, ont à cœur de combler les lacunes en matière de capital de croissance. » La mission du CBGF consiste à investir entre 5 et 20 millions de dollars dans des entreprises dynamiques du marché intermédiaire dont le chiffre d'affaires annuel est de 5 millions $ ou plus et qui ont une vision claire de l'accélération... --- - Published: 2023-05-18 - Modified: 2023-05-18 - URL: https://cbgf.com/news-insights/what-does-cbgf-look-for-in-a-business/ What does CBGF look for in a business? As a company looking to scale, you’ve likely done (or at least started to do) some research on the various types of funding as you want to determine what is going to be best for your company. Since you have landed on the CBGF website, you are likely considering minority equity funding, and you may be wondering if your company is one that CBGF would be interested in investing in. To help you answer that question, here are a few things that we look for when deciding whether we should invest in a particular company. Fit When you delve into the world of private equity investors, you will quickly discover that many – if not most – have niche areas where they will invest. In some cases, it will be a specific sector or industry; in other cases, it may be deals over a certain dollar amount. Some investors seek out only majority investments, while others seek out minority investments. At CBGF, we look for minority investments across a range of sectors of companies headquartered in Canada. Financials To attract any investor to your company, it is important to ensure you can provide them with sufficient financial information to allow them to make their decision. This information, in most cases, will need to go beyond the typical profit and loss statements that you compile on an annual or quarterly basis. Although most private equity firms will generally require more sophisticated reports and... --- - Published: 2023-04-21 - Modified: 2023-04-25 - URL: https://cbgf.com/news-insights/minority-growth-capital-for-manufacturers/ Minority Growth Capital for ManufacturersManufacturing is a sector that typically requires a lot of scale-up costs, from labour to equipment to marketing, before a business can become profitable. Likewise, if a manufacturing company is looking to expand its client base, move into other markets, or deliver new products, there are usually upfront costs involved before the business will see any profit from these new avenues. This can put some manufacturing companies in a difficult position: they need to grow to become more profitable but require more money before they can grow. Minority growth capital is, therefore, a very attractive option for many manufacturing companies. By way of example, in 2021, Stephano Group Ltd, a Canadian, family-run, consumer packaged food manufacturer, leveraged minority growth capital from CBGF to take their company to the next level. What is minority growth capital? Minority growth capital is defined as funds provided by an external party (typically an investor or investment firm) that goes directly towards the growth of the business. Since the investor is a minority partner, the company owner(s) or founder(s) still retains control (more than 51% of the business) over how the business is run, but they gain the funding they need – as well as additional expertise and business connections from the investor – to grow their business. Why minority growth capital? There are several advantages to choosing minority growth capital when you are ready to expand your manufacturing business. For starters, this form of capital allows you to get the... --- - Published: 2023-03-23 - Modified: 2023-03-24 - URL: https://cbgf.com/news-insights/canadas-most-admired-ceo-program-2022-congratulations-brendan-king-of-vendasta-and-muni-boga-of-kudos/ Canada’s Most Admired CEO™ program 2022: Congratulations Brendan King of Vendasta and Muni Boga of Kudos®Waterstone Human Capital, Canada's leading cultural talent management firm, has recently announced the winners of the Canada's Most Admired Corporate Cultures™ and Canada's Most Admired CEO™ program for 2022. The program recognizes best-in-class Canadian organizations and CEOs for fostering high-performance corporate cultures that help sustain a competitive advantage. The program recognizes national winners in categories including Enterprise, Mid-Market, Growth, Emerging, and the Broader Public Sector. The winners are chosen based on their commitment to creating a positive workplace culture, which is evident in the company's committed to diversity, equity, and inclusion, and their focus on employee engagement. Our team at Canadian Business Growth Fund want to extend our heartfelt congratulations to Brendan King, CEO at Vendasta, for receiving the Growth Award and Muni Boga, CEO of Kudos®, for receiving the Emerging Award at last night's Canada's Most Admired CEOs ceremony hosted by Waterstone Human Capital. CBGF is proud to partner with these two outstanding CEOs and we look forward to supporting their continued success. Congratulations to both Brendan King and Muni Boga for their extraordinary work! Learn more about Vendasta: https://cbgf. com/portfolio/vendasta/ Learn more about Kudos®: https://cbgf. com/portfolio/kudos-inc/ Learn more about Waterstone: https://waterstonehc. com/canadas-most-admired/ --- - Published: 2023-03-22 - Modified: 2023-03-24 - URL: https://cbgf.com/news-insights/how-do-you-scale-a-product-led-company/ How Do You Scale a Product-led Company? Many business owners, at some point in their company’s evolution, will decide that they want to scale their business – and there are various ways of doing this. In this article, we will discuss specifically how to scale a product-led company. What is a product-led company? When we say that a company is product-led, we mean it follows a product-led growth (PLG) business model. In other words, it is a product that is used to scale the company. For this to occur, the company not only needs to have an amazing product that solves a problem, but one that also delivers a great customer experience. The product must be something that stands out amongst its competitors to win the attention of consumers. In your marketing, you are not simply selling a product, but you need to sell the philosophy and lifestyle represented by the brand. In this way, your product becomes the vehicle by which you scale your business, driving your sales, customer acquisition and customer retention. What challenges do product-led companies have? Perhaps the biggest challenge faced by product-led companies is competition. In highly competitive markets, these companies are in a race to be the first to launch their products and the first to convert users to adopt their products. Product-led companies must be continually improving and adapting to make their products better, faster, more user-friendly, and so forth. If they are not evolving, they will be surpassed by competitors that are.... --- - Published: 2023-03-02 - Modified: 2023-06-28 - URL: https://cbgf.com/news-insights/expansion-capital-and-when-might-a-canadian-business-need-it/ What is Expansion Capital, and When Might a Canadian Business Need It? Just because you’re already running a successful business doesn’t mean you don’t have plans and dreams to make it bigger and better. Perhaps you want to double your sales or expand into international markets. These are worthy goals for a business owner, but the less money you have for investment into this expansion, the more time it will likely take to achieve the results you want. To grow more quickly than forecast, you could invest in a new product line or even buy out a competitor – but all of this takes money or “expansion capital. ” What is expansion capital? Broadly speaking, expansion capital is simply money that helps you grow your business. But for the purposes of this article, we will explore expansion capital in the form of an equity investment. CBGF provides minority equity investments which are a great solution for many medium-sized businesses looking to scale up. Unlike a business loan which you are expected to pay back with interest, an equity investment is where an investor provides capital in exchange for an ownership percentage (e. g. , 10%) of your business. The term ‘minority’ refers to the portion of ownership an investor may control. CBGF wants the entrepreneur to stay in the driver’s seat and will only take less than 40% ownership in any business it invests in. What is expansion capital used for? Expansion capital can be used to help a business... --- - Published: 2023-01-27 - Modified: 2023-11-20 - URL: https://cbgf.com/news-insights/what-it-takes-for-canadian-companies-to-scale/ What it Takes for Canadian Companies to ScaleCanada is a country that is full of amazingly talented entrepreneurs who are innovating and very good at starting new businesses. However, as noted by the Canadian Government back in 2016, although we are very good at starting companies, Canadian entrepreneurs don’t tend to scale their businesses as well as our neighbours to the south. There are many reasons for this, but a lot boils down to a lack of readily available resources, be it experienced business talent or available growth capital. What does it mean to scale your business? Many use the phrases “scale your business” and “grow your business” interchangeably. But they don’t exactly mean the same thing – not quite. You need to scale your business before you can grow it – scaling is more about building capacity and capability. Say you have the goal of doubling your sales this year. Great! But do you have the capability to handle all those extra sales? Do you have the means to invest in the extra personnel or equipment that filling all those extra orders would require? This is what we mean by scaling – having that capacity. So, what do you need to scale your business? A Plan Just like you needed a business plan to start your business, you will need another one to effectively scale your business. Determine what level of growth you wish to achieve and what you will need in sales to reach that goal. Then determine... --- - Published: 2022-12-20 - Modified: 2023-01-25 - URL: https://cbgf.com/news-insights/what-makes-us-different/ What Makes Us Different? The Canadian Business Growth Fund (CBGF) is a minority investment fund with a mission of helping mid-market Canadian companies grow by providing patient minority capital and strategic support to fuel their growth and foster innovation while keeping the entrepreneur in the driver’s seat. Here are a few things that make us different from other investment firms. We are committed to minority investment. At CBGF, we focus exclusively on minority investment. We believe strongly in this mandate because it allows entrepreneurs and founders to remain in control of their own businesses and chart their course forward for growth. As a minority investor, we become a non-controlling partner. Given our minority position, we cannot dictate the path for an entrepreneur on a decision concerning their company, but we will offer support in terms of capital as well as expertise, knowledge, and experience. We can remain a minority partner in a company for a long period of time. We allow the entrepreneur to decide when they should exit the investment, which can occur by selling to another company or publicly listing the company on a stock exchange. To date, we have had three management teams decide that it was the right timing and opportunity in front of them, and they all achieved successful exits. CBGF’s funding is provided by Canada’s top 13 banks and insurance companies, which allows us to remain flexible in our investment approach and open up an important network to our portfolio companies via our shareholder... --- - Published: 2022-11-21 - Modified: 2022-11-30 - URL: https://cbgf.com/news-insights/minority-vs-majority-investment-choosing-the-right-option/ Minority vs. Majority Investment: Choosing the Right OptionIf you are seeking out equity investors for your company, one of the decisions that you will have to make is whether to opt for majority or minority investment. Both types have their pros and cons, so you will have to decide which model makes the most sense for your business. A few things to consider when making this decision would be what you will be using the funding for, your personal goals, your business goals, and what you would ultimately like to see for the future of your business. Here are a few things to consider to help you determine which option is right for you. Minority investment A minority investment is provided in exchange for ownership of less than half of the company, making the minority investor a non-controlling partner. Usually, with this type of investment, the founders or existing management retain decision making power for the company and plan to continue to stay on for the medium to long-term with the business. Minority growth funding This type of funding is made for the specific purpose of scaling up a company and allowing entrepreneurs to stay in the driver's seat. Typically, the funding will go to the company's balance sheet so that it may stimulate growth. This funding may go toward investing in assets, expanding the business to new geographies, developing new products, hiring more staff, etc. When should you opt for minority growth funding? Some scenarios where you might want... --- - Published: 2022-11-01 - Modified: 2022-12-01 - URL: https://cbgf.com/news-insights/what-is-a-mid-market-private-equity-investment/ What is a Mid-Market Private Equity Investment? If you are in the process of seeking out a private equity investment, you will quickly discover that there are many types and categories of private equity. One of the most well known is middle-market or mid-market private equity. In this article, we will discuss exactly what mid-market private equity is, its qualities, and when it might be advisable for a business to seek this type of investment. What is mid-market private equity? Private equity is an investment offered by private individuals and organizations in exchange for an equity stake in the company they are investing in. The term “mid-market” refers to the middle range of the market as it pertains to a company’s size. It excludes the early or start-up stage of the market as well as the large billion-dollar deals. What defines mid-market private equity investment? Mid-market private equity investments are generally defined by the following characteristics: Revenue – These businesses usually involve businesses that have annual revenue in the range of $5 to $100 million. Deal Value – Mid-market private equity deals are usually in a value range between $10 million and $300 million (sometimes larger). It is important to note that these values are not universally agreed upon and may differ amongst investors and analysts. Why do companies seek out mid-market private equity investments? There are a number of reasons why firms may seek this type of investment, including: Funding a strategy for a merger and acquisition. Succession planning... --- - Published: 2022-09-23 - Modified: 2022-10-06 - URL: https://cbgf.com/news-insights/equity-investment-as-part-of-post-pandemic-recovery/ Why equity investment must be part of post-pandemic recoveryThe pandemic has had a devasting effect on many businesses and sectors. And while it looks like we may be starting to turn a corner, many businesses are still not back to where they were pre-COVID. As we look for solutions to help companies still in the recovery phase, we cannot ignore the importance of equity investment. Many businesses post-pandemic have found that they will need to rely on innovation to survive and thrive. For this, they will need capital. Taking on minority partners and equity financing is one way to ensure that these businesses can continue to innovate and scale and build back even better. Why equity investment? While there are many ways that a company may raise capital, equity financing has some unique advantages that many entrepreneurs will find appealing. For starters, there is no loan to pay back. Many business owners during the pandemic were forced to take out loans to stay afloat, and a large percentage of these individuals are likely still carrying some or most of that debt. By turning to equity investment, entrepreneurs do not have to add to any debt burden they may already be carrying. Since equity investment is not a loan, business owners do not have to worry about the added expense of a monthly debt repayment. This helps to ensure that they have more liquidity for innovation, hiring new talent, and daily expenditures. Additionally, entrepreneurs receiving equity financing do not have to... --- - Published: 2022-09-13 - Modified: 2022-10-06 - URL: https://cbgf.com/news-insights/are-there-different-types-of-private-equity-firms/ Are there different types of private equity firms? If you are looking to start or expand a business, there is a good chance you will want to find funding to ensure you get off to the right start. If you have settled on working with a private equity firm, it may surprise you to learn that there are different types of these firms. The type you choose will depend largely on what you want to accomplish with your company and whether you can find a private equity firm that aligns with your values. Your goals Let’s start with what you want from your company. Are you looking to retire within the next five years, or do you want to stay at the helm for the next 20 years and see your dreams of expansion come to light? There is no wrong answer here, but your answer will make a difference in determining the right type of equity partner for you. Types of Canadian private equity firms There are two main types of private equity firms in Canada–lenders looking to make majority investments, and lenders specializing in minority investments. With a majority investor, the firm will be looking to acquire a majority share of the company, which typically grants them control over finances and operational decisions. If the company has a board of directors, the majority investor will usually have more seats/votes than the non-controlling partners. If you are interested in selling a majority share of your company, you may be... --- - Published: 2022-08-17 - Modified: 2023-11-20 - URL: https://cbgf.com/news-insights/the-importance-of-capital-in-business/ The Importance of Capital in BusinessWhether you are starting a business, or scaling up an existing one, the importance of having enough capital cannot be overstated. The question then becomes, how do you get that capital? Almost every entrepreneur has used bootstrapping or small business loans at some point in their careers. This approach is common with first-time entrepreneurs because it is often the simplest and can work. This approach also allows the entrepreneur to retain ownership and control over their company. However, bootstrapping entrepreneurs may find themselves being outpaced by their competitors, who are accessing much larger amounts of cash through outside sources such as angel investors and venture capitalists. Entrepreneurs must decide between bootstrapping and seeking outside funding – and there are pros and cons to each. Bootstrapping Bootstrapping means that you are using your own resources to start or scale your business. The clear advantage to this is that it allows you to retain complete control over your company. This means that your timelines are flexible, and you can pivot the direction of the company whenever you see fit. The drawbacks, of course, are that you will likely have fewer resources which can slow down the growth of your business. This could put you at a competitive disadvantage. Funding On the other hand, when you can obtain funding, you will typically have access to more resources, and these resources aren’t just financial either. Working with investors, you will instantly grow your network and have access to business... --- - Published: 2022-07-15 - Modified: 2022-10-25 - URL: https://cbgf.com/news-insights/what-are-different-investors-looking-for/ What are different investors looking for? No matter what type of investor you are looking for, you will have to prepare a compelling case to get another individual or company to put money into your business. Different investors, however, look for different things when making their investment decisions. Who you are approaching for investment will dictate which points or areas you should highlight about your business. Angel Investors If you are just getting your business off the ground, angel investors can be a great source of capital to make your vision a reality. These wealthy individuals use their own money to invest in businesses they believe in. What are angel investors looking for? Since your business is brand new, angel investors aren’t going to be looking for sales or track record of the business. Instead, they will look to see if the business has the foundation to become successful. Specifically, angel investors will want to see that you have a strong founding team and a compelling business plan with an identified market. They will be backing you, as the entrepreneur, so you must provide them with the confidence that you have the ambition and resources to execute on your plan. Venture Capitalists As with angel investors, venture capitalists invest during the early stages of a business. These investors invest through a fund on behalf of a larger group of investors. Often, venture capitalists will invest seed money in pre-profitable companies. What are venture capitalists looking for? Again, because they are... --- - Published: 2022-05-25 - Modified: 2022-07-18 - URL: https://cbgf.com/news-insights/amilia-raises-30-million-to-accelerate-the-ecommerce-transformation-of-the-activity-and-recreation-industry/ Amilia Raises $30 Million to Accelerate the eCommerce Transformation of the Activity and Recreation IndustryMONTREAL, May 25, 2022 /CNW Telbec/ - Amilia, a leading tech company bringing eCommerce to the world of activities, is pleased to announce the successful closing of $30 million in new financing. This round was led by the Canadian Business Growth Fund (CBGF), Export Development Canada (EDC), and Investissement Québec (IQ). The investment will be used to drive Amilia's mission to broaden access to eCommerce for community organizations and activity businesses through its innovative SmartRecTM platform. To read more click here. --- - Published: 2022-05-25 - Modified: 2022-09-22 - URL: https://cbgf.com/fr/news-insights/amilia-recoit-30-millions-de-dollars-afin-daccelerer-la-transition-vers-le-commerce-electronique-dans-lindustrie-des-activites-recreatives/ Amilia reçoit 30 millions de dollars afin d'accélérer la transition vers le commerce électronique dans l'industrie des activités récréativesMONTRÉAL, le 25 mai 2022 /CNW Telbec/ - L'entreprise technologique montréalaise Amilia, pionnière du commerce électronique pour les activités récréatives, annonce fièrement un nouvel investissement de 30 millions de dollars. Amilia obtient ce financement du Fond de croissance des entreprises du Canada (FCEC), d'Exportation et développement du Canada (EDC) et d'Investissement Québec (IQ). Ce financement représente une occasion unique d'élargir l'accès au commerce électronique pour les organismes communautaires et sportifs grâce à SmartRecTM, la plateforme innovatrice d'Amilia. Pour voir l’article complet, veuillez cliquer ici. --- - Published: 2022-05-05 - Modified: 2023-01-19 - URL: https://cbgf.com/news-insights/finding-the-right-partner-vetting-prospective-investors/ How to find the right partner: Vetting Prospective InvestorsIf you are thinking about scaling up your business but can’t do it with your current capital, you may be thinking about taking on minority growth equity. This type of equity is particularly useful when you are in a high growth phase or when you would like to capitalize on a specific growth opportunity like geographic expansion or hiring. A minority growth equity partner allows you to retain control of your company without the need for taking on a lender. This strategy, however, is most successful when you find the right partner to invest with. Vetting prospective investors You should take several steps to find the right minority growth partner for your company. At each stage of the process, you will want to collect key information to help you find the right partner for you and your business. Initial screen Before you begin to do outreach to potential investors, ensure to start by researching what options you have in front of you and what qualities you are looking for from a capital partner. During this stage, you will want to collect the basic information. You have criteria for an equity partner, and each investor you speak with will have their own criteria for companies they are interested in working with. The initial screen will help you both determine if you are a match for each other. In this stage of the process, you will want to find out how the investor structures... --- - Published: 2022-04-27 - Modified: 2022-07-18 - URL: https://cbgf.com/news-insights/thoughtworks-acquires-leading-product-development-consultancy-connected-to-rapidly-accelerate-product-led-design-and-engineering/ Thoughtworks Acquires Leading Product Development Consultancy, Connected, to Rapidly Accelerate Product-led Design and EngineeringCHICAGO--(BUSINESS WIRE)--Thoughtworks (NASDAQ: TWKS), a global technology consultancy that integrates strategy, design and engineering to drive digital innovation, today announced its acquisition of privately-held, Canadian-based Connected, an end-to-end, product development service firm that partners with their clients to discover and deliver products. Together with Connected, Thoughtworks will advance its capabilities in solving business problems through product-led design processes, from defining the strategy to discovery and delivery. To read more click here. --- - Published: 2022-04-07 - Modified: 2022-07-18 - URL: https://cbgf.com/news-insights/what-are-the-pros-and-cons-of-running-a-private-vs-a-public-business/ What are the Pros and Cons of Running a Private vs. a Public Business? Many entrepreneurs dream of building their corporate empire and, perhaps someday, taking their company public with a listing on a stock exchange, but is going public really the best choice? To be sure, there are some big advantages in doing so, but it is not without its drawbacks. In this article, we will discuss the pros and cons of running a private vs. a public company. Private Company When you start a company, you usually do so because you've got an idea for a product, service, or brand that you want to present to the world. Your company's decisions and strategy are up to you and (perhaps) a small group of investors who are passionate about the business. This makes it easier to focus long term on growth, and the values of the company. But operating as a private company may also mean that you've got fewer resources, less liquidity, and less name or brand recognition. This can make it more difficult to attract and retain top talent since providing certain employee benefits – like stock options – may not be feasible for you. Additionally, it is more difficult for a private company to acquire its competitors or other businesses. Doing so would require either having large amounts of available cash or taking on debt, and your investors could be limited in their ability to liquify their shares. Public Company Going public with your company can... --- - Published: 2022-03-23 - Modified: 2022-07-18 - URL: https://cbgf.com/news-insights/maxsold-secures-16-1-million-in-series-b-financing/ MaxSold Secures $16. 1 Million in Series B Financing to Continue the Digital Transformation of the Auction IndustryTORONTO, March 23, 2022 /CNW/ - MaxSold, the global leader in online auctions for estate sales and downsizing, is proud to announce it has raised $16. 1 million in financing. The investment was led by new investor Framework Venture Partners ('Framework'), with support from existing investor Canadian Business Growth Fund ('CBGF'). Alongside investors, MaxSold has also secured $5 million in growth capital from Silicon Valley Bank ('SVB'). To read more click here. --- - Published: 2022-02-16 - Modified: 2022-07-18 - URL: https://cbgf.com/news-insights/the-risks-of-taking-on-an-equity-partner/ The Risks of Taking on an Equity PartnerTaking on an equity partner in your business is one way to bring in some much-needed capital to get your business off the ground or to scale it up to capture a larger piece of the market. And while it may indeed be the right decision for many businesses – it is not for every business or every business owner. There are risks involved, and you need to understand what those risks are before you choose to take on an equity partner. Cultural Misalignment Chances are, you have worked hard at developing a company culture that aligns with your personal values and preferences. A new partner with different values can quickly throw that culture off. When vetting potential partners, it is extremely important that your ideas of what the company culture should be are closely aligned. Divergent Exit Plans Do you intend to scale up quickly and then sell your business to the highest bidder, or do you intend to stay with it for the long haul? Both are acceptable means of doing business, but any partners you take on should be on the same page as you. Loss of Control Trading equity in your company for a cash investment can help your business grow, but it also means you are giving over some control of your company to another person or firm. If you aren’t quite ready to let go of that control, you may want to investigate other funding options before... --- - Published: 2021-12-22 - Modified: 2022-07-18 - URL: https://cbgf.com/news-insights/government-funding-vs-private-equity-funding-in-canada/ Government Funding vs Private Equity Funding in CanadaThe COVID-19 pandemic has had a significant impact on the bottom lines of many Canadian businesses. The Canadian government has rightly stepped up to the plate and offered a variety of support programs to help businesses recover. But for many businesses, this support may not be sufficient to help them through the pandemic – or there may be factors built into the government programs which make some businesses ineligible. For businesses that must look beyond what the government offers, private equity (PE) funding may be a good option; however, businesses that are new to applying for and receiving this type of funding may understandably be hesitant. It is important, therefore, to understand the benefits of PE funding. Get Expertise and Experience in Addition to Funding PE investors aren’t just throwing money at anything that comes their way. They are proactively looking for the right investment opportunities and businesses either to invest in or to buy outright. Business owners who choose PE funding often do so because they are getting more than just a financial infusion – they are getting a savvy business partner who is looking to add value through their expertise and experience. And while these owners may, in fact, be selling a portion of their equity, they see the opportunity for business growth and revenue as outweighing the percentage of their company that they are giving up. The PE Sector is Evolving Although the idea of selling off a portion of... --- - Published: 2021-12-17 - Modified: 2022-07-18 - URL: https://cbgf.com/news-insights/cbgf-announces-25th-investment/ CBGF Announces 25th InvestmentCBGF announces a noteworthy milestone today as its 25th investment closes, adding another high potential, growing Canadian business to its portfolio. CBGF launched on June 19th, 2018 with a vision to become Canada’s leading growth capital investor and partner of choice for ambitious mid-market entrepreneurs, supporting them to reach their full potential. Today, CBGF’s portfolio spans from coast to coast, with investments in British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, Quebec, and Nova Scotia. We have spoken to thousands of entrepreneurs, who share in our passion for helping Canada’s economy grow and establish itself on the world stage. Please join us in celebrating this milestone investment. We look forward to what the years to come will bring! --- - Published: 2021-12-17 - Modified: 2023-04-25 - URL: https://cbgf.com/fr/news-insights/nous-celebrons-25-investissements/ Nous célébrons 25 investissementsLe CBGF annonce aujourd'hui une étape notable avec la clôture de son 25e investissement, ajoutant une autre entreprise canadienne à fort potentiel et en croissance à son portefeuille. Le CBGF a été lancé le 19 juin 2018 avec la vision de devenir le principal investisseur en capital de croissance au Canada et le partenaire de choix pour les entrepreneurs ambitieux du marché intermédiaire, en les soutenant pour atteindre leur plein potentiel. Aujourd'hui, le portefeuille du CBGF s'étend d'un océan à l'autre, avec des investissements en Colombie-Britannique, en Alberta, en Saskatchewan, au Manitoba, en Ontario, au Québec et en Nouvelle-Écosse. Nous avons parlé à des milliers d'entrepreneurs, qui partagent notre passion pour aider l'économie canadienne à croître et à s'établir sur la scène mondiale. Veuillez vous joindre à nous pour célébrer cet investissement important. Nous sommes impatients de voir ce que les années à venir nous réservent ! --- - Published: 2021-12-16 - Modified: 2022-07-18 - URL: https://cbgf.com/news-insights/purefacts-announces-the-closing-of-a-37-million-financing-round/ PureFacts Announces the Closing of a $37 Million Financing RoundPureFacts Financial Solutions announces the closing of $37 million in strategic financing from Canadian Business Growth Fund (CBGF), The Bank of Nova Scotia and Round13 Capital. With this investment the PureFacts team is excited to progress into its next phase of growth. The funds will be used to accelerate product development and make further strategic acquisitions. To read more click here. --- - Published: 2021-12-06 - Modified: 2022-07-18 - URL: https://cbgf.com/news-insights/kudos-accelerates-market-dominance-in-employee-recognition-with-announcement-of-growth-equity-investment-by-cbgf/ Kudos® Accelerates Market Dominance in Employee Recognition with Announcement of Growth Equity Investment by CBGFMarket-leading employee recognition, people analytics, and organizational communications platform Kudos®, Inc. ("Kudos®") announces Canadian Business Growth Fund's (CBGF) $10 million minority equity investment in the rapidly expanding company. The Canadian tech firm began an accelerated growth trajectory with unprecedented growth at the end of Q4 2020 and has only continued to build momentum from there. This investment further positions Kudos® for global expansion; Calgary-based Kudos® is expected to double its headcount to 120 employees in the Calgary area and across Canada by the end of 2022. To read more click here. --- - Published: 2021-11-30 - Modified: 2022-07-18 - URL: https://cbgf.com/news-insights/neovation-announces-cbgf-as-a-minority-investor/ Neovation announces CBGF as a Minority InvestorNeovation Learning Solutions, a leading provider of Digital Learning Ecosystem products and services to a global roster of mid-market and extended enterprise businesses and organizations, today announces that the Canadian Business Growth Fund (CBGF), a leading Canadian growth capital fund has made a minority investment in the company. The proceeds will enable Neovation to expand its sales, marketing, client success, and product development teams. To read more click here. --- - Published: 2021-11-19 - Modified: 2025-09-08 - URL: https://cbgf.com/news-insights/vendastas-jacqueline-cook-recognized-as-one-of-canadas-top-40-under-40-list-for-2021/ Vendasta's Jacqueline Cook recognized as one of Canada's Top 40 Under 40 List for 2021Jacqueline is the COO at Vendasta. She is responsible for the development and execution of Vendasta’s revenue and go-to-market strategy, with the core mandate of empowering Vendasta’s Channel Partners to leverage its platform and marketplace to help over 5M small businesses transition to digital. To read more click here. --- - Published: 2021-11-18 - Modified: 2022-07-18 - URL: https://cbgf.com/news-insights/whats-the-difference-between-seed-venture-and-growth-capital/ What's the Difference Between Seed Venture and Patient CapitalWhen growing or expanding your business, it’s possible that you’ll have to secure private business funding. Once you start your research, it won’t take long to realize that there are many different types of capital available throughout the business lifecycle. Although three of the most common types – seed, venture, and growth capital – are used to fund ambitious businesses looking to grow, they feature some notable differences. Below, we unravel them. Seed Capital Just like it sounds, seed capital describes funding sourced at the beginning of a startup’s journey. Private investors provide this type of funding, such as family members, friends, banks, or angel investors. Also known as seed money or seed financing, seed capital is crucial in developing an idea for a business or a new product. Often, seed capital investors take on significant risks without proof of revenue from the business owner. Entrepreneurs using seed capital receive smaller investments – typically from tens of thousands to hundreds of thousands of dollars. Seed capital is often needed and used to support foundational business needs – such as a business plan, initial operating expenses, and research/development costs. Acquiring seed capital is typically the first of four funding stages to become an established business. Its primary goal is to attract more financing, usually from venture capitalists or banks. Venture Capital Once a business has launched and is beginning to gain traction, it often will require venture capital, which is a broad term... --- - Published: 2021-11-09 - Modified: 2023-01-19 - URL: https://cbgf.com/news-insights/what-is-patient-minority-growth-capital/ What Is Patient, Minority Growth Capital? You’ve started your business with a lot of hard work, sweat, and sacrifice – and that dedication has finally paid off. The time has come for your business to expand, but you’re worried that getting an investment means giving up control. What if there was another way to grow your business – a way that allowed it to grow while you remained at the helm? Patient, minority growth capital may be the solution you’ve been looking for. Here’s what you should know about this particular growth fund so that you can decide if it’s right for you and your business. Canadian Business Growth Fund (CBGF) Until recently, Canadian entrepreneurs have experienced difficulties securing the necessary capital to fund their business’s growth. Many times, business owners ended up having to give up control of their company upon obtaining capital. That started to change in 2017 when the Minister of Finance’s Advisory Council for Economic Growth brought forth a recommendation to launch a private sector-led growth fund. The Canadian Business Growth Fund (CBGF) aims to provide investments between $3 and $20 million to ambitious entrepreneurs seeking capital for a growth opportunity. Canadian banks and insurance companies support this independent, evergreen fund. Starting with an initial capital commitment of $545 million, the investment fund is projected to eventually increase to $1 billion. Qualifying for CBGF CBGF is suitable for established, high-growth Canadian businesses generating $5 million or more in annual revenue. The company must have a demonstrated... --- - Published: 2021-10-26 - Modified: 2022-07-18 - URL: https://cbgf.com/news-insights/prodigy-education-expands-its-market-leadership-in-game-based-learning-to-english-language-arts/ Prodigy Education Expands its Market Leadership in Game-Based Learning to English Language ArtsProdigy Education ('Prodigy'), one of the fastest-growing EdTech companies in North America and the creators of the globally popular Prodigy Math game, is expanding its educational games portfolio by launching a new English Language Arts ('ELA') game. To read the full article, please click here. --- - Published: 2021-10-14 - Modified: 2024-09-06 - URL: https://cbgf.com/news-insights/george-rossolatos-podcast-interview-on-viewsfromthemarket-hosted-by-mario-nigro-of-stikeman-elliott-llp/ George Rossolatos Podcast interview on #ViewsfromtheMarket hosted by Mario Nigro of Stikeman Elliott LLPJoining Mario Nigro is George Rossolatos, CEO of Toronto-based Canadian Business Growth Fund (CBGF), a private equity investor that takes minority stakes in Canadian companies, typically those in the $10-25m revenue range, working with them to promote long-term growth. CBGF was created in 2018, with George as Founding CEO, in response to concerns that Canada needs to get better at growing its successful startups into strong midmarket players. To listen to the podcast click here. --- - Published: 2021-10-13 - Modified: 2024-01-29 - URL: https://cbgf.com/news-insights/paystone-announces-the-acquisition-of-nicejob-a-leading-north-american-provider-of-reputation-marketing-software-for-service-businesses/ Paystone Announces the Acquisition of NiceJob, a Leading North American Provider of Reputation Marketing Software for Service BusinessesPaystone announces the acquisition of NiceJob, an award-winning North American reputation marketing platform for service businesses. This marks Paystone’s fifth business acquisition over the last two years. These acquisitions not only advance Paystone’s rapid increase in market share, but also are pivotal in accelerating Paystone’s goal of building a category-defining platform that helps local businesses win more customers. To read the full article click here: https://www. businesswire. com/news/home/20211013005280/en/Paystone-Announces-the-Acquisition-of-NiceJob-a-Leading-North-American-Provider-of-Reputation-Marketing-Software-for-Service-Businesses (Photo: Business Wire) Some of the Paystone team members meeting the NiceJob team out in Vancouver --- - Published: 2021-09-29 - Modified: 2023-11-20 - URL: https://cbgf.com/news-insights/stephano-group-ltd-family-owned-and-operated-for-over-40-years-announces-minority-investment-to-support-continued-growth-and-expansion/ Stephano Group Ltd, family-owned and operated for over 40 years, announces minority investment to support continued growth and expansionToday, Ontario-based Stephano Group Ltd (Stephano Group) announced a minority growth equity investment from the Canadian Business Growth Fund (CBGF) to accelerate its ambitious plans for growth. Stephano Group is a leading Canadian consumer-packaged goods (CPG) food manufacturing business which has been run by the Frank family for over 40 years. Currently operating two manufacturing sites across the GTA, Stephano Group produces branded and private label breakfast and snack foods. Stephano's ten production lines produce a range of breakfast and snack products which include Organic, Non-GMO, Gluten-Free, allergen-controlled, and Kosher-certified capabilities. The company has seen tremendous growth in the last five years, driving sales through retail and food service channels in both Canada and the US, and is on a mission to become a top producer of cereal and nutritional bar products in North America. With strong emphasis on sustainability, Stephano Group prides itself on running the business on the foundation of their family values, putting its commitment to quality and outstanding customer service at the center of everything they do. With the support of CBGF, Stephano Group will use the proceeds of this raise to increase sales and marketing efforts, expand corporate infrastructure, and grow its manufacturing capacity. "We are very excited about this new chapter for Stephano Group. This investment will allow the company to have more fluid growth and enable us to meet our growth targets over the next... --- - Published: 2021-09-15 - Modified: 2022-07-18 - URL: https://cbgf.com/news-insights/proposify-gains-13-million-investment/ Proposify Gains $13 Million InvestmentThis investment from the Canadian Business Growth Fund and Innovacorp marks a huge milestone in our mission to help salespeople around the world revolutionize their closing process and double their close rate. In our quest to make every deal a closed deal, we’re proud, grateful, and, well, stoked to announce that Proposify has received a second round of investment from the Canadian Business Growth Fund and Innovacorp, for a total of $13 million over the last year, including $5 million being announced today. The funding will help fuel Proposify’s growth globally, supporting investments in product development and sales and marketing. To read more click here. --- - Published: 2021-09-13 - Modified: 2022-07-18 - URL: https://cbgf.com/news-insights/listen-to-the-podcast-building-an-everlasting-evergreen-fund-with-george-rossolatos-ceo-of-canadian-business-growth-fund-cbgf/ Listen to the Podcast: Building an everlasting Evergreen fund with George Rossolatos, CEO of Canadian Business Growth Fund (CBGF)Our guest today, George Rossolatos, is the CEO of the Canadian Business Growth Fund (CBGF), which is an evergreen fund. Evergreen funds, or sometimes referred to as open-ended funds, are different than closed-ended funds which are the most typical structure we see in venture capital. With evergreen funds, capital is invested directly into an LLC on an ongoing basis with no termination date meaning they live on FOREVER! We talk with George about this unique position in the market as Canada’s first growth equity evergreen fund, the startup environment, and what Canada needs to do to keep its most innovative companies from receiving funding elsewhere. To listen to the podcast click here. --- - Published: 2021-09-08 - Modified: 2024-10-17 - URL: https://cbgf.com/news-insights/shopperplus-closes-a-c17-million-equity-financing-with-institutional-investors-to-fuel-its-ambitious-growth-plans/ ShopperPlus Closes a C$17 Million Equity Financing With Institutional Investors to Fuel Its Ambitious Growth PlansA leading Canadian e-commerce platform, ShopperPlus (or the "Company"), successfully raised C$17 million to fuel its growth. Both Celtic House Asia Partners and the Canadian Business Growth Fund ("CBGF") led the financing, with participation from Celtic House Venture Partners and National Bank SME Growth Fund L. P. . In addition, two noteworthy angel investors joined the round: the co-founder of Wish's e-commerce shopping app, Danny Zhang, and the Managing Director of Sequoia China, Kevin Pan. "This marks a significant milestone for ShopperPlus. The additional capital and support of renowned and well-respected institutional investors will open the doors to significant opportunities. Beyond its financial contribution, Celtic House Asia Partners will enable ShopperPlus to enhance its supply chain and ecosystem integration. Additionally, having Canadian and Quebec investors is a pivotal part of our strategy as we look to gain additional market share in Canada with a keen eye on the United States of America," said Jack Zhan, Founder and CEO of ShopperPlus. "In these uncertain times, we will continue to source high-quality products at reasonable prices for our customers. This investment will enable us to enhance our product offering and accelerate deliveries. We plan to double the size of our Montreal warehouse and make good use of cutting-edge robotics technology to accelerate delivery times. Additional territorial expansions are also planned over the next two to three years," added Mr. Zhan Over the past 14 years, ShopperPlus' product... --- - Published: 2021-08-27 - Modified: 2022-07-18 - URL: https://cbgf.com/news-insights/environmental-360-solutions-inc-announces-strategic-investment-by-oaktree-capital-management-l-p/ Environmental 360 Solutions Inc. Announces Strategic Investment by Oaktree Capital Management, L. P. Environmental 360 Solutions Inc. ("E360S", or the "Company") is pleased to announce it has received a significant strategic investment from funds managed by Oaktree Capital Management, L. P. ("Oaktree"). Oaktree's investment will support the continued growth of the Company. To view the article please click here. --- - Published: 2021-08-26 - Modified: 2022-07-18 - URL: https://cbgf.com/news-insights/cbgf-announces-follow-on-investment-in-thoughtwire/ CBGF Announces Follow-On Investment in ThoughtWireCBGF recently made a follow-on investment in portfolio company ThoughtWire Corp. , developers of a best-in-class Operating System for Healthcare and Built Environments headquartered in Toronto, Ontario. ThoughtWireOS uses a proprietary and patented “Digital Twin” that enables customers to leverage live data from any source to help save lives, help save the environment and to help save money through more efficient operations. Since CBGF’s initial investment in May 2020, ThoughtWire continued to execute on its vision of growing the company into a leading healthcare and property technology platform, having grown its sales funnel by ~4x primarily due to COVID-19 related demand for products that enhance staff and patient safety in healthcare settings and announcing new channel partnerships. ThoughtWire has also scaled its team and increased headcount by 44% to support this growth. Proceeds from the follow-on investment will be used for continued growth and working capital purposes. --- - Published: 2021-08-26 - Modified: 2022-09-22 - URL: https://cbgf.com/fr/news-insights/le-cbgf-annonce-un-investissement-de-suivi-aupres-de-thoughtwire/ Le CBGF annonce un investissement de suivi auprès de ThoughtWireRécemment, le CBGF a effectué un investissement de suivi auprès de la société de portefeuille ThoughtWire Corp. qui développe un système d'exploitation de premier ordre pour les soins de santé et les environnements bâtis, dont le siège social est à Toronto, en Ontario. ThoughtWireOS utilise un « jumeau numérique » exclusif et breveté qui permet aux clients d'exploiter des données en direct de n'importe quelle source pour contribuer à sauver des vies, à sauver l'environnement et à économiser de l'argent grâce à des opérations plus efficaces. Depuis l'investissement initial de CBGF en mai 2020, ThoughtWire a continué à mettre en œuvre sa vision de faire croître l'entreprise pour en faire une plateforme technologique, chef de file du domaine des soins de santé et de l'immobilier, ayant augmenté sa prospection des ventes par environ 4 x, surtout en raison de la demande liée à COVID-19 pour les produits qui améliorent la sécurité du personnel et des patients dans les établissements de soins de santé et annonçant de nouveaux partenariats de canaux. ThoughtWire a également renforcé son équipe et augmenté ses effectifs de 44 % pour soutenir cette croissance. Le produit de l'investissement de suivi sera utilisé pour la croissance continue et le fonds de roulement. --- - Published: 2021-08-17 - Modified: 2022-07-18 - URL: https://cbgf.com/news-insights/xello-acquires-leading-career-pathfinding-platform-for-k-12-and-higher-ed-students/ Xello Acquires Leading Career Pathfinding Platform for K-12 and Higher Ed studentsXello, the award winning K-12 college, career and future readiness program, today announced the acquisition of Awato, the state selected platform for career development in New Hampshire, and the chosen program for leading post-secondary institutions like Southern New Hampshire University, North Carolina Central University and Lake Michigan College. To view the article please click here. --- - Published: 2021-07-29 - Modified: 2022-07-18 - URL: https://cbgf.com/news-insights/cold-bore-technology-closes-14m-financing/ Cold Bore Technology Closes $14M FinancingCold Bore Technology Inc. (“Cold Bore” or “the Company”), the leader in frac completions automation and platform technology, today announced it has closed $14M in growth financing. The round was led by bp ventures with participation from the Canadian Business Growth Fund (CBGF). Existing investors include the Rice Investment Group (RIG), a $200M multi-strategy, energy sector investment fund. To view the full article please click here. --- - Published: 2021-06-23 - Modified: 2022-07-18 - URL: https://cbgf.com/news-insights/with-38-open-job-positions-in-canada-connected-secures-cbgf-investment-to-fuel-rapid-growth/ With 38 open job positions in Canada, Connected secures CBGF investment to fuel rapid growthConnected today announced Canadian Business Growth Fund's (CBGF) minority equity investment in its business. With the intention to "help mid-sized Canadian businesses grow", CBGF is seen as a key strategic partner for Connected as it continues working toward being the world's leading product development services firm. Connected is led by Mike Stern, CEO, alongside co-founder Damian McCabe and Global Managing Director, Tammy Chiasson. Together, they have grown Connected to over 140 team members by creating cross-disciplinary product teams that work across the entire product development lifecycle from strategy to execution. To view the full article please click here. --- - Published: 2021-05-27 - Modified: 2024-10-17 - URL: https://cbgf.com/news-insights/vendasta-announces-historic-119-5m-round-to-revolutionize-small-business-technology/ Vendasta announces historic $119. 5M round to revolutionize small business technologyVendasta today announced C$119. 5 million in financing to further accelerate the sales growth of its end-to-end ecommerce platform for companies who provide digital products and services to small and medium businesses (SMBs) worldwide. The raise is led by New York-based Lugard Road Capital, joined by Nicola Wealth, the Canadian Business Growth Fund (CBGF), and a set of existing investors. It is the largest information and communication technology (ICT) venture capital round in Canadian Prairie history. The record was previously set by Vendasta in 2019 when it secured a $40 million growth fund. Vendasta experienced strong growth through 2020 and 2021 as COVID-19 accelerated the adoption of digital technology by small businesses. With annual recurring revenue of more than $50 million and a reach of five million SMBs, the company intends to use the funds to further accelerate its pace of growth. “Vendasta is solving some of the biggest challenges facing businesses today. The majority of SMBs are struggling to purchase, implement, and use technology solutions. Our platform is quickly becoming the de facto operating system for both small businesses and the technology providers serving them,” said Vendasta CEO Brendan King. “This investment allows us to accelerate our timeline to completely redefine and democratize the way technology, software, and services are delivered to SMBs. " “We are thrilled to be partnering with the Vendasta team as they continue to revolutionize how SMBs discover, access, purchase, and ultimately interact with software... --- - Published: 2021-05-27 - Modified: 2022-07-18 - URL: https://cbgf.com/news-insights/vendasta-pulls-ipo-raises-120-million-from-private-backers-instead/ Vendasta pulls IPO, raises $120-million from private backers insteadSaskatoon-based Vendasta Technologies Inc. has formally pulled plans to go public on the Toronto Stock Exchange and has instead raised $119. 5-million in a private financing led by New York’s Lugard Road Capital. Vendasta, which sells digital tools to companies that serve small businesses, filed to go public 10 weeks ago, laying out plans to raise $100-million at between $14 to $16 a share. However, Vendasta had difficulty filling out its order book from institutional investors amid a market swoon that cut valuations of tech stocks. That prompted several other companies that went public this spring to slash their deal sizes and offering prices to complete their deals. To view the article in the Globe & Mail please click here. --- - Published: 2021-05-26 - Modified: 2022-07-18 - URL: https://cbgf.com/news-insights/liferaft-announces-partnership-with-leading-web-isolation-provider-authentic8/ LifeRaft Announces Partnership With Leading Web Isolation Provider, Authentic8LifeRaft, an intelligence provider in the corporate security sector, is announcing its partnership with a California-based web isolation company, Authentic8, enabling secure browsing on LifeRaft's platform. Authentic8's Silo Web Isolation is now embedded directly into LifeRaft's proprietary security intelligence platform, Navigator, allowing for seamless browsing and secure online investigations, even when researchers explore external links and domains outside of the Navigator platform. "This integration has been a functionality we've been looking to incorporate into our platform for a few years," says Eduardo Capouya, Chief Technology Officer at LifeRaft. "The fact that we can bring it to market with such an innovative company as Authentic8 makes this even more exciting. " Authentic8's patented Silo Web Isolation Platform works by creating an isolation layer between users and the web. All web code is executed in a disposable container in the cloud, keeping it from reaching the network or the user's device. Silo embeds security, identity, and data policies directly into the browser. "Analysts using the Navigator security intelligence platform can click on any live links without fear. The pages will seamlessly and safely load inside the Silo platform," says Miguel Ramos, Head of Product at Authentic8. "Ultimately, users will pivot into Silo for Research for further investigation in all corners of the web, securely and anonymously. " Silo for Research is a purpose-built analyst research platform that provides an integrated suite of workflow productivity tools and enhanced OSINT tradecraft functionality, ensuring 100% isolation from... --- - Published: 2021-04-13 - Modified: 2024-11-19 - URL: https://cbgf.com/news-insights/liferaft-announces-follow-on-investment-from-cbgf/ LifeRaft Announces Follow-on Investment From CBGFLifeRaft, a security intelligence company headquartered in Halifax, Nova Scotia, announced today that it has received a follow-on investment from the Canadian Business Growth Fund (CBGF). Since the initial investment in October 2020, LifeRaft has continued to scale their product offering and operations. LifeRaft has grown its revenue by more than 25% due to account expansion and new business. The company’s headcount has increased by 27% to support this growth and development. “We are ecstatic about what we have been able to accomplish in such a short time with the guidance and support from CBGF,” says John Gallinaugh. “We look forward to continuing the strong partnership we’ve built and executing on our plans for further growth. ” “CBGF is proud to have backed John Gallinaugh and the LifeRaft team who have diligently executed their growth strategy since our initial investment,” explains George Rossolatos, CEO of CBGF. “We believe there are many opportunities ahead for the company as it continues to grow into a leading provider in its space. We are thrilled that LifeRaft is generating employment opportunities in Halifax and we look forward to partnering with other great management teams in the maritimes. ” The funds from this investment will be used for product development, sales, and marketing initiatives, and for working capital purposes. With the support of the investment, LifeRaft will continue to deliver critical technology to corporate security teams to strengthen their intelligence programs with leading edge product capabilities. About LifeRaft LifeRaft Inc.... --- - Published: 2021-03-04 - Modified: 2022-07-18 - URL: https://cbgf.com/news-insights/xello-secures-follow-on-investment-round-from-canadian-business-growth-fund/ Xello Secures Follow-On Investment Round from Canadian Business Growth FundTo support expansion of its college and career readiness initiatives, Xello, the award-winning program that helps K-12 students prepare for college, career and future success, has secured a follow-on investment round from the Canadian Business Growth Fund (CBGF). Xello received an initial minority equity investment from CBGF in May 2020. To view the article please click here. --- - Published: 2021-02-23 - Modified: 2022-07-18 - URL: https://cbgf.com/news-insights/maxsold-announces-follow-on-equity-investment-to-promote-continued-growth/ MaxSold Announces Follow-On Equity Investment to Promote Continued GrowthMaxSold, North America’s leading online downsizing marketplace announced today that it has received a follow-on equity investment from its current investor, the Canadian Business Growth Fund (CBGF). The follow-on investment represents a continued belief in the MaxSold team who have executed on their growth plans since CBGF’s initial investment in May 2020. MaxSold will use the proceeds to continue to grow its team, for market growth initiatives, and for research and development of new products including a new app, AI, and augmented reality. To view the article please click here. --- - Published: 2021-02-10 - Modified: 2022-07-18 - URL: https://cbgf.com/news-insights/cbgf-2020-year-in-review/ At the end of each year, we look back at the progress we have made and assess our impact on the Canadian economy. In 2020, our team worked hard to close eight new partnerships, bringing our portfolio to a total of 16 growing Canadian companies. In addition to these eight new investments, CBGF executed five follow-on investments to support existing portfolio companies. CBGF also saw two exits during 2020. Learn more about our investment activity in our 2020 Year in Review Report. DOWNLOAD REPORT HERE --- - Published: 2021-02-10 - Modified: 2021-03-25 - URL: https://cbgf.com/fr/news-insights/cbgf-bilan-de-lannee-2020/ À la fin de chaque année, nous examinons les progrès réalisés et évaluons notre impact sur l’économie canadienne. En 2020, notre équipe a travaillé dur pour conclure huit nouveaux partenariats, portant notre portefeuille à un total de 16 entreprises canadiennes en croissance. En plus de ces huit nouveaux investissements, le CBGF a réalisé cinq investissements de suivi pour soutenir les entreprises existantes du portefeuille. Le CBGF a également connu deux sorti en 2020. Pour en savoir plus sur nos activités d’investissement, consultez notre rapport. Télécharger le rapport ici --- - Published: 2021-01-21 - Modified: 2024-01-29 - URL: https://cbgf.com/news-insights/paystone-closes-69-million-financing-round/ Paystone Closes $69 Million Financing RoundPaystone, a leading payments and integrated software company, announces the closing of $69 million in strategic financing from Canadian Business Growth Fund (CBGF) and National Bank of Canada. The funds will be used to fuel growth in customer engagement services and electronic payment processing solutions. To view the article on Business Wire, please click here. (Photo: Business Wire) Paystone Co-Founders CEO Tarique Al-Ansari (left) and CFO Abdullah Saab (right) at Paystone HQ1 --- - Published: 2021-01-21 - Modified: 2022-07-18 - URL: https://cbgf.com/news-insights/paystone-secures-69-million-as-company-chases-acquisitive-growth-strategy/ Paystone Secures $69 Million As Company Chases Acquisitive Growth StrategyPaystone, a London, Ontario and Montreal-based startup that offers customer engagement and payment processing software, has secured a $69 million CAD investment. The financing consisted of both an equity investment and debt financing. With Paystone having already brought its products to market its CEO, Tarique Al-Ansari, classified the round as late-stage strategic financing. This brings the total funding to date for Paystone, which was founded in 2009, to approximately $100 million CAD. To view the article on Betakit please click here. --- - Published: 2021-01-12 - Modified: 2022-07-18 - URL: https://cbgf.com/news-insights/prodigy-education-raises-one-of-the-largest-series-b-rounds-in-global-edtech-history/ Prodigy Education Raises One of the Largest Series B Rounds in Global EdTech HistoryTORONTO, Jan. 12, 2021 /PRNewswire/ - Prodigy Education ("Prodigy"), one of the fastest growing EdTech companies in North America, announced today that it has completed an agreement for a significant Series B funding. Under the agreement, Prodigy receives a combined CAD $159 million (approximately $125 million USD) led by TPG Growth, the middle market and growth equity platform of alternative asset firm TPG, with additional investment from its current investor, the Canadian Business Growth Fund ("CBGF"). The investment is one of the largest in North American EdTech history for any funding round. The CAD $159 million fundraise represents a new era for Prodigy, with meaningful capital to further accelerate the Company's growth and value for its global user base. Prodigy now joins TPG Growth's current and previous investments in disruptive tech companies including Airbnb, Calm, Ipsy, Spotify, Uber, and other notable industry leaders. These commitments are a strong reflection of Prodigy's large user base, rapid growth, and customer loyalty among teachers, parents, and students alike -- and they position Prodigy for success on a much larger and more prominent scale. "We are incredibly humbled by TPG and CBGF's commitment to our vision and to our products," says Rohan Mahimker, co-founder and co-CEO of Prodigy. "From our beginnings as an undergraduate project nine years ago to today's exciting announcement, we have always operated with a simple yet compelling mission: to help every student in the world love learning.... --- - Published: 2021-01-12 - Modified: 2022-07-18 - URL: https://cbgf.com/news-insights/oakville-maker-of-prodigy-math-game-to-hire-400-after-raising-159-million-from-u-s-private-equity/ Oakville maker of Prodigy math game to hire 400 after raising $159-million from U. S. private equityA GTA online company that has turned math education into a video game for millions of children worldwide has raised $159-million from U. S. private-equity giant TPG Capital and the Canadian Business Growth Fund (CBGF). Oakville, Ont. -based Prodigy Education Inc, which had previously raised just $15-million in institutional capital from CBGF in 2019, said the new funds would fuel a hiring spree, with plans to double in size to 800 people this year. “We’re planning on growing very aggressively with this fundraise ... and pursue our mission of helping every student in the world love learning,” co-chief executive officer Rohan Mahimker said in an interview. To view the article in the Globe & Mail please click here. --- - Published: 2021-01-07 - Modified: 2024-10-17 - URL: https://cbgf.com/news-insights/lift-auto-group-receives-growth-funding-expansion/ B. C. -based Lift Auto Group receives growth funding to support the continuation of its expansion and acquisition strategyRegina, Saskatchewan – January 5, 2021 – PFM Capital Inc. (“PFM”), on behalf of the APEX III Investment Fund Limited Partnership (“APEX III”), is pleased to announce it has made a strategic investment in Lift Auto Group (“Lift” or “Company”) to support the continuation of Lift’s expansion and acquisition strategy. In addition, the Canadian Business Growth Fund (“CBGF”), a current investor, participated on a follow-on basis in continued support of the company. Lift is a B. C. -based consolidator of automotive collision repair centres across Canada. The Company currently has twelve locations across British Columbia, Alberta and Saskatchewan with plans to expand its footprint East across the rest of Canada. "PFM is excited to partner with Lift as the company continues to execute on its growth strategy” commented Jardin Schnurr, Director of Investments at PFM Capital Inc. “We believe that the ambitious management team at Lift have solid processes in place and an experienced acquisition team allowing them to continue to achieve their vision of becoming a leading player in a highly fragmented industry. ” “We are proud to continue to support Mark Reineking and the Lift Auto Group team as they continue to execute on their growth strategy” said George Rossolatos, CEO of CBGF. “As our first investment in 2018, we have supported management to continue to expand the company’s footprint across Western Canada and will continue to support Lift on... --- - Published: 2020-12-03 - Modified: 2022-07-18 - URL: https://cbgf.com/news-insights/affirm-to-acquire-paybright/ Affirm to Acquire PayBright, One of Canada’s Leading Buy-Now-Pay-Later Providers, for CAD $340 MillionAffirm, a more flexible and transparent alternative to credit cards, today announced it has entered into a definitive agreement to acquire PayBright, one of Canada’s leading buy-now-pay-later providers. Under the terms of the agreement, Affirm will acquire PayBright for a total cash and equity consideration of approximately CAD $340 million. Additional terms of the transaction were not disclosed. View the full article here: https://www. businesswire. com/news/home/20201203005862/en/Affirm-to-Acquire-PayBright-One-of-Canada --- - Published: 2020-09-23 - Modified: 2023-01-19 - URL: https://cbgf.com/news-insights/watch-the-future-of-canadian-entrepreneurship/ Watch: The Future Of Canadian EntrepreneurshipCBGF's CEO, George Rossolatos discusses the future of Canadian entrepreneurship in this video orignally published at TheFutureEnconomy. ca. This interview was recorded in early 2020, prior to the COVID-19 pandemic. KEY HIGHLIGHTS SMEs represent 99% of all Canadian companies, 90% of jobs in the private sector, and account for 85% of new jobs created in Canada last year. The Canadian Business Growth Fund provides a growth capital solution, in the form of an evergreen fund that can back companies for a number of years. The Canadian Business Growth Fund also provides the guidance, support and mentorship to help these young companies grow and succeed. The Canadian Business Growth Fund is a sector agnostic fund and is interested in companies in any sectors; not just those dominating the media. ENTREPRENEURSHIP'S IMPORTANCE TO CANADA’S ECONOMY Entrepreneurship is more important today than it was 10, 15, 20 years ago. The percentage of new employment created by SMEs is higher, it seems that a lot of our innovation now is coming from our SMEs. The ease of starting a new firm in Canada is one of the highest in the world and our job at the Canadian Business Growth Fund is to back ones that have scaled— the ones that can rise to the top of that start up group that now are ready to scale nationally and internationally - those are the companies that we really need to scale in Canada for maximum impact. CHALLENGES AND SUPPORT FOR... --- - Published: 2020-07-22 - Modified: 2024-10-17 - URL: https://cbgf.com/news-insights/the-blacknorth-initiative-summit-launches-with-commitments-from-over-200-organizations/ The BlackNorth Initiative Summit Launches With Commitments From Over 200 OrganizationsOur CEO, George Rossolatos, has signed the BlackNorth Initiative pledge committing CBGF to specific actions and targets designed to end anti-Black systemic racism. To learn more about this initiative please click here: https://www. businesswire. com/news/home/20200720005383/en/BlackNorth-Initiative-Summit-Launches-Commitments-200-Organizations --- - Published: 2020-07-17 - Modified: 2022-07-18 - URL: https://cbgf.com/news-insights/telus-buys-smartphone-repair-chain-mobileklinik/ Telus buys smartphone repair chain MobileKlinikTelus has acquired Mobile Klinik, a Canadian smartphone and tablet repair store chain with over 80 locations across the country. The Vancouver-based carrier says this acquisition builds on its strategy of putting customers first by offering Canadians more options to buy, maintain and protect their mobile devices. View the full article here: https://www. theglobeandmail. com/business/article-telus-buys-smartphone-repair-chain-mobileklinik-in-bid-to-help-keep/ --- - Published: 2020-07-17 - Modified: 2022-09-22 - URL: https://cbgf.com/fr/news-insights/telus-a-fait-lacquisition-de-mobile-klinik-une-chaine-canadienne-de-magasins-de-reparation-de-telephones-intelligents/ Telus a fait l'acquisition de Mobile Klinik, une chaîne canadienne de magasins de réparation de téléphones intelligentsTelus a fait l'acquisition de Mobile Klinik, une chaîne canadienne de magasins de réparation de téléphones intelligents et de tablettes, qui compte plus de 80 établissements dans tout le pays. L'opérateur basé à Vancouver affirme que cette acquisition s'inscrit dans sa stratégie de mettre les clients au premier plan en offrant aux Canadiens davantage d'options pour acheter, entretenir et protéger leurs appareils mobiles. Pour voir l’article complet, veuillez cliquer ici : https://www. theglobeandmail. com/business/article-telus-buys-smartphone-repair-chain-mobileklinik-in-bid-to-help-keep/ --- - Published: 2020-06-30 - Modified: 2022-07-18 - URL: https://cbgf.com/news-insights/cbgf-celebrates-two-year-launch-anniversary/ CBGF Celebrates Two-Year Launch AnniversaryThis month we celebrate our two-year anniversary since our launch on June 19th, 2018. Since then, CBGF has been busy building our team to 19 employees who have contributed to our 6 new partnerships this year, bringing our portfolio to a total of 14 growing Canadian companies including 1 follow on investment. We have deployed $39. 25 million in capital this year towards the Canadian economy amidst the COVID-19 pandemic, bringing us to $127. 8 million of invested capital to date. The companies we’ve backed can be found across Canada, in British Columbia, Saskatchewan, Manitoba, Ontario, and Nova Scotia. Since our initial investments in each portfolio company, they have together created a total of 549 new jobs. CBGF is proud to have been one of the most active growth capital investors during the COVID-19 pandemic. Despite the uncertainty in the market and the shock to our economy as a result, we are grateful to be able to continue to support the growth of these impressive Canadian companies, and our Canadian economy. Thank you to all of our stakeholders, partners, advisors and all of those who have shown support over the last two years. INVESTMENTSFull-service Digital Consultancy Vancouver, BC Environmental Management Company Pickering, ON Augmented Worker Solutions Winnipeg, MB Auto-Collision Repair Consolidator Kelowna, BC Downsizing Business Services Kingston, ON Retail & Commercial Technology Repair Toronto, ON Consumer Payments and E-Commerce Lending Toronto, ON Game-Based Learning Platform Burlington, ON Proposal Automation Software Halifax, NS Digital Video Distribution Victoria,... --- - Published: 2020-06-30 - Modified: 2021-11-15 - URL: https://cbgf.com/fr/news-insights/cbgf-celebre-son-deuxieme-anniversaire/ CBGF célèbre son deuxième anniversaire! Ce mois-ci, nous avons célébré notre deuxième anniversaire depuis notre lancement le 19 juin 2018. Depuis ce temps, le CBGF s'est employé à renforcer son équipe, qui compte maintenant 19 employés qui ont contribué à nos 6 nouveaux partenariats cette année, portant notre portefeuille à un total de 14 entreprises canadiennes en croissance, dont une entreprise en investissement de suivi. Cette année, nous avons déployé 39,25 millions de dollars de capitaux au profit de l'économie canadienne dans le contexte de la pandémie de la COVID-19, ce qui nous porte à 127,8 millions de dollars de capitaux investis à ce jour. Les entreprises que nous avons soutenues sont situées à travers le Canada, soit en Colombie-Britannique, en Saskatchewan, au Manitoba, en Ontario et en Nouvelle-Écosse. Depuis nos investissements initiaux dans chaque entreprise du portefeuille, ensemble elles ont créé un total de 549 nouveaux emplois. Le CBGF est fier d’avoir été l’un des investisseurs en capital de croissance les plus actifs durant la pandémie de la COVID-19. Malgré l’incertitude du marché et le choc de la pandémie actuelle sur notre économie, nous sommes reconnaissants de pouvoir continuer à soutenir la croissance de ces impressionnantes entreprises canadiennes, et de notre économie canadienne. Merci à tous nos intervenants, partenaires, conseillers et à tous ceux qui nous ont apporté leur soutien au cours des deux dernières années. InvestissementsService complet de conseils numériques Vancouver en Colombie-Britannique Entreprise de gestion de l’environnement Pickering en Ontario Solutions d’entreprise pour les travailleurs Winnipeg au... --- - Published: 2020-06-29 - Modified: 2022-07-18 - URL: https://cbgf.com/news-insights/bank-backed-business-growth-fund-accelerates-financing-deals-during-pandemic/ Bank-backed business growth fund accelerates financing deals during pandemic CBGF has also emerged as one of the busiest backers of Canadian businesses during the pandemic... Since late February CBGF has invested $39-million in four software companies in Toronto and Halifax, environmental waste management company Environmental 360 Solutions of Pickering, Ont. , and auctioneer MaxSold Ltd. To view the full article please click here: https://www. theglobeandmail. com/business/article-bank-backed-business-growth-fund-accelerates-financing-deals-during/ --- - Published: 2020-06-09 - Modified: 2022-07-18 - URL: https://cbgf.com/news-insights/nova-scotia-based-proposify-receives-investment-from-canadian-business-growth-fund/ Nova Scotia-based Proposify Receives Investment from Canadian Business Growth Fund CBGF's First Investment in Atlantic Canada Demonstrates Its Commitment to Entrepreneurial Prosperity during COVID-19 Pandemic In keeping with its commitment to helping Canada's entrepreneurs grow their businesses despite the challenges brought on by the COVID-19 crisis, the Canadian Business Growth Fund (CBGF) today announced its minority equity investment in Nova Scotia–based proposal-management software company Proposify. This marks CBGF's first investment in Atlantic Canada. At a time when many investors have put a hold on their activity, CBGF has chosen to lean into the crisis and continue to back entrepreneurs in Canada. "Proposify is the fourth investment we've announced during this period, reinforcing our commitment to helping mid-sized Canadian enterprises come out of this crisis stronger than they went in," says George Rossolatos, Chief Executive Officer, Canadian Business Growth Fund. "While Canada has fostered many startups, scaling them into larger enterprises has been a challenge, and it's even harder now. We believe this is the time to invest in great Canadian companies, and with our patient minority capital they can grow their businesses over the long term. " Proposify's software as a service (SaaS) solution streamlines the process of creating, sending, tracking, and e-signing proposals, contracts, agreements, and other sales documents. This helps sales teams scale their proposal process and quickly create impressive, interactive sales documents that stand out from the competition. "As sales teams grow, they often hit internal bottlenecks where content is spread out everywhere, proposals get sent with... --- - Published: 2020-06-02 - Modified: 2024-10-17 - URL: https://cbgf.com/news-insights/maxsold-north-americas-largest-downsizing-and-estate-service-platform-secures-private-sector-funding-to-accelerate-growth/ MaxSold, North America’s largest downsizing and estate service platform, secures private sector funding to accelerate growth For those downsizing or settling an estate, MaxSold solves the daunting problem of how to sell everything in a limited amount of time. Canadian Business Growth Fund (CBGF) recently completed a growth equity investment in MaxSold Incorporated. MaxSold is the leading solution for enabling the downsizing of homes for seniors, estates and empty nesters, in an efficient and environmentally friendly manner. MaxSold’s unique local marketplace connects buyers to unique treasures as well as everyday goods near them in 35 metropolitan areas across North America. "MaxSold is a scalable business with a great opportunity to target a growing demographic. We have been impressed with the business the MaxSold team has built to date, with an innovative model in a growing market that is ripe for a better solution. ” said George Rossolatos, CEO of CBGF. This milestone investment is a testament to MaxSold’s strong growth and cross-border expansion while being cash efficient. MaxSold is on the Canadian Business’ Growth 500 list for the past two years, and Financial Times 2020 ranking of fastest growing companies in the Americas. “There is a clear alignment with CBGF on the long-term vision. ” said MaxSold CEO, Sushee Perumal. “We have always focused our resources on delivering value to our buying and selling clients. This funding round enables MaxSold to invest in growing our markets at a faster pace. ” Environmental impact is a priority, with tons of usable... --- - Published: 2020-04-02 - Modified: 2022-07-18 - URL: https://cbgf.com/news-insights/watch-the-webinar-coronavirus-what-every-entrepreneur-needs-to-know-right-now/ Watch the Webinar: Coronavirus - What Every Entrepreneur Needs to Know Right Now Running your own business is never easy – even in the best of times. The coronavirus crisis presents a whole new set of challenges. How to survive? How to maintain cash flow? How to be resilient and navigate whatever comes next? On April 2nd, 2020, Queen’s Smith School of Business hosted an online webinar offering entrepreneurs a unique perspective on the covid-19 situation, and advice on how to overcome the obstacles and preserve businesses. Featuring seasoned entrepreneurs and experts: George Rossolatos, CEO of the Canadian Business Growth Fund; Jess Joss, CEO of Equation Angels; Stephen Smith, CEO and co-founder of First National Financial; and Elspeth Murray, CIBC Faculty Fellow in Entrepreneurship at Smith School of Business. Click on the link below if you want to learn: How to make sense of the covid-19 business climate How to pivot your business in the coming weeks and months Ideas for cash-flow management How the current crisis is affecting funding for businesses How to maintain a positive outlook Useful lessons from past economic crashes Advice to make it through and be ready for recovery To watch the full webinar, please click here: https://smith. queensu. ca/insight/content/coronavirus-what-every-entrepreneur-needs-to-know-right-now. php --- - Published: 2020-04-02 - Modified: 2021-02-11 - URL: https://cbgf.com/fr/news-insights/quest-ce-que-le-seminaire-en-ligne-coronavirus-ce-que-tout-entrepreneur-doit-savoir-des-maintenant/ Qu'est-ce que le séminaire en ligne : Coronavirus – Ce que tout entrepreneur doit savoir dès maintenantGérer sa propre entreprise n'est jamais facile, même dans les meilleurs moments. La crise du coronavirus présente toute une série de nouveaux défis. Comment y survivre? Comment maintenir la trésorerie? Comment faire preuve de résilience et s'adapter à la prochaine situation? Le 2 avril 2020, la Queen's Smith School of Business a organisé un séminaire en ligne offrant aux entrepreneurs un point de vue unique sur la situation de la COVID-19, et des conseils sur la manière de surmonter les obstacles et de préserver les entreprises. Le séminaire mettait en vedette des entrepreneurs et des experts chevronnés : George Rossolatos, PDG du Fonds de croissance des entreprises du Canada; Jess Joss, PDG d'Equation Angels ; Stephen Smith, PDG et co-fondateur de First National Financial et Elspeth Murray, membre du corps professoral de la CIBC en entrepreneuriat à la Smith School of Business. Cliquez sur le lien ci-après si vous souhaitez en savoir plus : Comment donner un sens au climat d'affaires de la COVID-19 Comment faire pivoter votre entreprise au cours des semaines et des mois à venir Comment gérer votre trésorerie Comment la crise actuelle affecte-t-elle le financement des entreprises Comment maintenir une perspective positive Comment les krachs économiques passés peuvent-ils être utiles Comment passer au travers de la crise et être prêt pour la reprise Pour voir le séminaire en ligne dans son intégralité, veuillez cliquer ici : https://smith. queensu. ca/insight/content/coronavirus-what-every-entrepreneur-needs-to-know-right-now. php --- - Published: 2020-03-13 - Modified: 2022-07-18 - URL: https://cbgf.com/news-insights/listen-to-the-podcast-patient-minority-growth-capital-for-canadian-companies/ Listen to the Podcast: Patient, Minority Growth Capital for Canadian CompaniesCanadian Business Growth Fund CFO, Karoline Elkind, talks with TradeSecurely, Janet Eastman, about CBGF. To hear the full podcast, please click here: https://receivablesinsurancecanada. com/podcast/episode-17-patient-minority-growth-capital-for-canadian-business/ --- - Published: 2020-03-13 - Modified: 2022-10-31 - URL: https://cbgf.com/fr/news-insights/ecoutez-le-balado-capitaux-de-croissance-minoritaire-patients-pour-les-entreprises-canadiennes/ Écoutez le balado : Capitaux de croissance minoritaire patients pour les entreprises canadiennesLa dirigeante principale des finances du Fonds de croissance des entreprises du Canada, Karoline Elkind, discute avec Janet Eastman de Trade Securely à propos du CBGF. Pour écouter le balado en entier, veuillez cliquer ici : https://receivablesinsurancecanada. com/podcast/episode-17-patient-minority-growth-capital-for-canadian-business/ --- - Published: 2020-03-11 - Modified: 2024-10-17 - URL: https://cbgf.com/news-insights/cbgf-announces-investment-in-environmental-360-solutions-inc/ CBGF Announces Investment in Environmental 360 Solutions Inc. CBGF recently made a minority equity investment in Environmental 360 Solutions Inc. (“E360S” or the “Company”), an environmental management business. Headquartered in Pickering, Ontario, the Company specializes in solid and liquid waste collection. E360S is dedicated to becoming one of North America’s leading and most trusted environmental management companies, providing solutions to municipalities and Industrial, Commercial and Institutional customers. The proceeds from this equity raise will be used to support growth through acquisitions. E360S is led by Founder and CEO Danny Ardellini, who brings 30 years of experience in consolidating the Canadian environmental waste management industry and is supported by a team of experienced executives. E360S currently has 326 employees operating in ten Canadian cities across three provinces: Ontario, Alberta, and British Columbia. We believe that Danny and the E360S team possess the skills and experience to execute on their vision in building a leading environmental management business in North America. --- - Published: 2020-03-03 - Modified: 2021-01-29 - URL: https://cbgf.com/fr/news-insights/cbgf-annonce-un-investissement-dans-environmental-360-solutions-inc/ CBGF annonce un investissement dans Environmental 360 Solutions Inc. Récemment, CBGF a fait un investissement minoritaire dans le capital social d’Environmental 360 Solutions Inc. (« E360S » ou « l’Enterprise »), une entreprise de gestion environnementale, dont le siège social est situé à Pickering en Ontario, et qui se spécialise dans la cueillette de déchets solides et liquides. E360S est déterminée à devenir l’une des entreprises, chefs de file en gestion environnementale, les plus fiables en Amérique du Nord, offrant des solutions aux municipalités et aux clients industriels, commerciaux et institutionnels. Cette augmentation en capital favorisera la croissance de E360S par le biais d’acquisitions. L'entreprise E360S est dirigée par son fondateur et PDG Danny Ardellini, qui possède 30 années d'expérience dans le regroupage de l'industrie canadienne de la gestion des déchets environnementaux, et il est soutenu par une équipe de cadres chevronnés. Actuellement, E360S compte 326 employés dans dix villes canadiennes réparties dans trois provinces : l'Ontario, l'Alberta et la Colombie-Britannique. Nous croyons que Danny et l'équipe d’E360S possèdent les compétences et l'expérience nécessaires pour concrétiser leur vision de créer une entreprise de gestion environnementale, chef de file en Amérique du Nord. --- --- ## Portfolios - Published: 2026-02-10 - Modified: 2026-02-10 - URL: https://cbgf.com/fr/portfolio/appficiency/ Le Groupe de sociétés Appficiency est une société internationale de conseil en informatique et de développement de logiciels qui fournit des services de transformation numérique aux entreprises. L'organisation opère à travers trois groupes principaux : le Groupe de services Appficiency (Appficiency, NimbusPoint, AskCipher et Root Digital Advisors), qui se concentre sur le conseil en informatique et la transformation numérique ; SnapOn Software, qui développe des solutions logicielles propriétaires pour les entreprises ; et Capficiency, qui mène des initiatives stratégiques de fusion-acquisition. Depuis 2014, Appficiency fournit des services de conseil numérique de bout en bout, notamment la mise en place, l'optimisation, l'assistance, la personnalisation et l'intégration sur Oracle NetSuite, Salesforce, Microsoft et d'autres piles technologiques. La société développe également des solutions logicielles propriétaires par l'intermédiaire de sa division SnapOn Software. Elle est reconnue pour améliorer l'efficacité opérationnelle, faciliter la transformation numérique et résoudre des défis commerciaux complexes grâce à son expertise approfondie de l’industrie. L'équipe du Groupe Appficiency fournit des solutions sur mesure qui répondent aux besoins des clients, allant de la gestion avancée des coûts et du contrôle des projets à l'intégration de systèmes évolutifs. Grâce à ses connaissances spécialisées dans les domaines de la construction, de la fabrication, du transport et de la logistique, des médias, de l'éducation et d'autres secteurs, la société aide ses clients à rationaliser leurs opérations et à améliorer leur rendement de manière mesurable. Appficiency est dirigée par Johnny Than (fondateur et PDG d'Appficiency Group Services), Carlos Palacio (PDG de SnapOn Software) et Michael Diep... --- - Published: 2026-02-09 - Modified: 2026-02-10 - URL: https://cbgf.com/portfolio/appficiency/ Appficiency Group of Companies is a global IT consulting firm and software business providing enterprise digital transformation services to businesses. The organization operates through three main business groups: Appficiency Group Services (Appficiency, NimbusPoint, AskCipher, and Root Digital Advisors), which focuses on IT consulting and digital transformation; SnapOn Software, which develops proprietary enterprise software solutions; and Capficiency, the private equity arm, which drives strategic M&A initiatives. Since 2014, Appficiency has provided end-to-end digital consultancy services, including implementation, optimization, support, customizations, and integrations across Oracle NetSuite, Salesforce, Microsoft and other tech stacks. The Company also develops proprietary software solutions through its SnapOn Software division. The firm is recognized for driving operational efficiency, enabling digital transformation, and solving complex business challenges through deep sector expertise. The Appficiency Group’s team delivers tailored solutions that address client needs, from advanced job-costing and project controls to scalable system integrations. With specialized knowledge across construction, manufacturing, transportation and logistics, media, education and other industries, the Company helps clients streamline operations and achieve measurable performance improvements. Appficiency is led by Johnny Than (Founder & CEO of Appficiency Group Services), Carlos Palacio (CEO of SnapOn Software), and Michael Diep (Managing Director of Capficiency), alongside a seasoned leadership team with extensive experience in enterprise software, systems integration, and global delivery. --- - Published: 2025-07-09 - Modified: 2026-01-27 - URL: https://cbgf.com/fr/portfolio/minus-waste-solutions/ Minus Waste Solutions est l'un des principaux fournisseurs de services de recyclage des déchets alimentaires et liquides commerciaux en Ontario. Minus intervient dans les domaines des déchets solides, des déchets liquides et de l'élimination axée sur la technologie, aidant ses clients à réduire leur empreinte environnementale et à soutenir l'économie circulaire. Minus recherche activement des opérateurs partageant ses valeurs et son engagement en faveur d'une gestion durable des déchets, et souhaitant rejoindre une plateforme en pleine croissance et animée par une mission. Minus est dirigée par Louis Anagnostakos (PDG), qui apporte plus de 30 ans d'expérience dans le développement et la direction d'entreprises prospères dans le domaine des services de gestion des déchets. --- - Published: 2025-07-09 - Modified: 2026-01-27 - URL: https://cbgf.com/portfolio/minus-waste-solutions/ Minus Waste Solutions is one of Ontario’s leading providers of commercial food and liquid waste recycling services. Minus operates across solid waste, liquid waste, and technology-driven disposal, helping customers reduce their environmental footprint and support the circular economy. Minus is actively looking to acquire value-aligned operators that share its commitment to sustainable waste management and want to join a growing, mission-driven platform. Minus is led by Louis Anagnostakos (CEO), who brings over 30 years of experience in scaling and leading successful waste services businesses. --- - Published: 2025-06-05 - Modified: 2026-01-27 - URL: https://cbgf.com/fr/portfolio/litco-lso/ Litco LSO est une organisation d'assistance juridique qui fournit des services administratifs aux cabinets d'avocats afin qu'ils puissent se concentrer sur l'exercice du droit au plus haut niveau, tout en développant leur activité et en protégeant leur héritage. Litco LSO soutient actuellement Litco Law (Alberta), Valent Legal (Nouvelle-Écosse) et Evans & Davis (21 États américains). Fondé à Calgary, en Alberta, en 1976, Litco Law est le fruit du travail d'un couple, Larry et Marianne Litwiniuk. Après 30 ans passés à offrir d'excellents services aux Albertains, Larry et Marianne étaient prêts à transmettre leur héritage à leurs fils, Todd et Fred. Après avoir développé avec succès Litco Law, Todd et Fred ont décidé de lancer Litco LSO, ce qui leur permet d'aider d'autres cabinets d'avocats au-delà de Litco Law à mettre en œuvre un modèle opérationnel unique qui rationalise les opérations commerciales. Litco LSO fournit des services juridiques à des particuliers dans un certain nombre de domaines. La société met en œuvre une stratégie de consolidation et est bien placée pour devenir un acteur de premier plan dans un secteur très fragmenté. Litco LSO est dirigée par Todd (chef de la direction) et Fred Litwiniuk (chef de la croissance) et s'appuie sur une équipe de direction possédant une vaste expérience dans le secteur juridique et dans le développement d'entreprises. --- - Published: 2025-06-05 - Modified: 2026-01-27 - URL: https://cbgf.com/portfolio/litco-lso/ Litco LSO is a legal support organization that provides back-end operations to law firms so they can focus on practicing law at the highest level, while growing their business and protecting their legacy. Litco LSO currently supports Litco Law (Alberta), Valent Legal (Nova Scotia), and Evans & Davis (21 states across America). Founded in Calgary, Alberta, in 1976, husband and wife team Larry and Marianne Litwiniuk started Litco Law. After 30 years of providing great services to Albertans, Larry and Marianne were ready to pass on their legacy to their sons, Todd and Fred. After successfully scaling Litco Law, Todd & Fred decided to launch Litco LSO, allowing them to help other law firms beyond Litco Law implement a unique operating model that streamlines business operations. Litco LSO focuses on providing legal services to individuals across a number of areas. The company is executing on a consolidation strategy and is well-positioned to be a leading player in a highly fragmented industry. Litco LSO is led by Todd (Chief Executive Officer) and Fred Litwiniuk (Chief Growth Officer) and is accompanied by a management team with extensive experience in the legal sector and scaling businesses. --- - Published: 2025-02-05 - Modified: 2025-02-05 - URL: https://cbgf.com/portfolio/layla-care/ Layla Care’s mission is to empower people to take control of their mental health. Layla’s team uses patient-centric innovation to understand and address gaps in the ever-changing realities in mental health in Canada. Today, Layla is a service that facilitates personalized individual, couples, family, and group therapy directly to the public as well as in collaboration with partners in the broader healthcare sector. Since its inception in 2009, Layla has guided thousands of Canadians on their well-being journey. Layla’s leadership team combines expertise across clinical, technology, and business functions from leading organizations in Canada. --- - Published: 2025-02-05 - Modified: 2025-04-25 - URL: https://cbgf.com/fr/portfolio/layla-care/ La mission de Layla Care vise à permettre aux gens de prendre le contrôle de leur santé mentale. L'équipe de Layla utilise l'innovation centrée sur le patient pour comprendre et combler les lacunes dans les réalités en constante évolution de la santé mentale au Canada. Aujourd'hui, Layla est un service qui facilite les thérapies personnalisées individuelles, de couple, familiales et de groupe, directement auprès du public, ainsi qu'en collaboration avec des partenaires du secteur de la santé au sens large. Depuis sa création en 2009, Layla a guidé des milliers de Canadiens sur la voie du bien-être. L'équipe de direction de Layla combine l'expertise des fonctions cliniques, technologiques et commerciales d'organisations de premier plan au Canada. --- - Published: 2023-06-14 - Modified: 2023-09-19 - URL: https://cbgf.com/fr/portfolio/fundthrough/ FundThrough est une plateforme technologique de financement de factures qui génère des offres de financement rapides et personnalisées afin d'accélérer le flux de trésorerie des petites et moyennes entreprises B2B en croissance dans toute l'Amérique du Nord. Fondée à Toronto en Ontario, FundThrough paie les factures en souffrance en quelques jours grâce à un processus simple, permettant ainsi aux PME d'accéder à des liquidités qu'elles ont déjà gagnées. FundThrough a aidé des milliers de PME dans une multitude d'industries à débloquer plus d'un milliard de dollars en capital pour les dépenses quotidiennes, les initiatives de croissance et d'autres projets d'expansion. FundThrough est dirigée par les cofondateurs Steven Uster (PDG) et Deepak Ramachandran (technicien en chef), qui apportent leur vaste expérience des marchés financiers, de la technologie et de la croissance des entreprises. --- - Published: 2023-06-14 - Modified: 2026-01-27 - URL: https://cbgf.com/portfolio/fundthrough/ FundThrough is a tech-powered invoice funding platform that generates fast, customized funding solutions to accelerate cash flow for growing small and medium sized B2B businesses across North America. Founded in Toronto, ON, FundThrough pays outstanding invoices in days through an easy process, providing SMBs with access to cash they’ve already earned. FundThrough has helped thousands of SMBs across a multitude of industries unlock more than a billion dollars in capital for everyday expenses, growth initiatives, and other expansionary projects. FundThrough is led by co-founders Steven Uster (CEO) and Deepak Ramachandran (CTO), who bring extensive experience in capital markets, technology, and scaling businesses. --- - Published: 2023-02-03 - Modified: 2026-01-27 - URL: https://cbgf.com/fr/portfolio/specialty-medical-partners/ Specialty Medical Partners (« SMP ») est un consolidateur d’établissements de soins de santé indépendants dans les domaines de la cardiologie, de la pneumologie et de la médecine interne. Fondée à Toronto, ON, la plateforme de soins de santé de Specialty Medical Partners aide les médecins à gérer leurs pratiques fondées sur l’évaluation en réduisant les charges administratives et opérationnelles quotidiennes, leur permettant ainsi de se concentrer sur leurs tâches professionnelles. SMP a complété sa première acquisition du Ottawa Cardiovascular Centre Group (« OCC Group »), une plateforme de cardiologie composée de trois cliniques à Ottawa. Depuis, SMP a réalisé six acquisitions supplémentaires afin d'étendre la plateforme à 18 cliniques opérationnelles en Ontario, fournissant des services de cardiologie et d'imagerie diagnostique. Specialty Medical Partners est dirigée par les cofondateurs Michael Black (PDG) et Graham Neil (directeur financier), qui possèdent une vaste expérience de la croissance et de l’exploitation d’entreprises de soins de santé prospères. Mike et Graham sont rejoints par le Dr Cameron Gilbert (président), Olia Galeva (chef de l’exploitation) et le Dr Krishna Sharma (directeur de l’engagement des médecins), qui possèdent ensemble l’expérience et les compétences nécessaires en matière de consolidation des soins de santé pour mettre en œuvre leurs ambitieux plans de croissance. --- - Published: 2023-02-03 - Modified: 2026-01-27 - URL: https://cbgf.com/portfolio/specialty-medical-partners/ Specialty Medical Partners (“SMP”) is a consolidator of independent cardiology, respirology and internal medicine healthcare facilities. Founded in Toronto, ON, Specialty Medical Partners’ healthcare platform helps physicians manage their assessment-based practices by reducing day-to-day administrative and operational burdens, allowing them to focus on their professional duties. SMP completed its initial acquisition of the Ottawa Cardiovascular Centre Group (“OCC Group”), a cardiology platform comprised of three clinics in Ottawa. Since then, SMP has made 6 additional acquisitions to grow the platform to 18 operating clinics in Ontario providing cardiology and diagnostic imaging services. Specialty Medical Partners is led by Co-Founders Michael Black (CEO), and Graham Neil (CFO), who bring extensive experience growing and operating successful healthcare roll-ups. Mike and Graham are joined by Dr. Cameron Gilbert (President), Olia Galeva (COO) and Dr. Krishna Sharma (Director of Physician Engagement), who together possess the necessary experience and skills in healthcare consolidation to execute on their ambitious plans for growth. --- - Published: 2022-12-02 - Modified: 2026-01-27 - URL: https://cbgf.com/portfolio/felix/ Felix is a patient-driven digital healthcare company that provides virtual end-to-end services making healthcare more accessible for Canadians. Headquartered in Toronto, Ontario, Felix provides online medical consultations, prescription delivery and ongoing care across a growing range of common, but often stigmatized, health-related concerns including acne, allergies, birth control, cold sores, erectile dysfunction and more. Through its virtual care service, Felix is able to discreetly, confidentially and reliably deliver treatment to its customers, while simultaneously creating efficiencies for doctors, clinics and the broader healthcare system. Founded in 2019, Felix is led by Co-Founders, Kyle Zien (CEO) and Emma Stern (COO), who together with their strong leadership team possess the skills and experience needed to execute on their plans for growth. TESTIMONIALS --- - Published: 2022-11-28 - Modified: 2026-01-27 - URL: https://cbgf.com/fr/portfolio/felix/ Felix est une entreprise de soins de santé numériques axée sur les patients qui fournit des services virtuels de bout en bout rendant les soins de santé plus accessibles aux Canadiens. Basée à Toronto en Ontario, Felix propose des consultations médicales en ligne, la délivrance d'ordonnances et des soins continus pour un éventail croissant de problèmes de santé courants, mais souvent stigmatisés, notamment l'acné, les allergies, la contraception, l'herpès labial, la dysfonction érectile, etc. Grâce à son service de soins virtuels, Felix est en mesure de fournir un traitement discret, confidentiel et fiable à ses clients, tout en créant simultanément des gains d'efficacité pour les médecins, les cliniques et le système de santé au sens large. Fondée en 2019, Felix est dirigée par les cofondateurs, Kyle Zien (PDG) et Emma Stern (CE), qui, avec leur solide équipe de direction, possèdent les compétences et l'expérience nécessaires pour exécuter leurs plans de croissance. TÉMOIGNAGES --- - Published: 2022-10-26 - Modified: 2026-01-27 - URL: https://cbgf.com/fr/portfolio/changemakers/ ChangeMakers est une société indépendante de premier plan spécialisée dans la gestion de la réputation, les conséquences sociales et le marketing, basée à Toronto en Ontario. ChangeMakers combine une expertise commerciale approfondie et des stratégies centrées sur l'humain pour aider ses clients à réussir dans un monde de perturbations. Formée en 2022 par l'union de six des principales sociétés canadiennes de marketing, de relations publiques, de stratégie de marque, de publicité, d'engagement et de conseil aux autochtones, ChangeMakers combine des décennies d'expérience en tant que partenaire essentiel à la réussite de ses clients. De plus, le partenariat de l'entreprise avec les nations autochtones et son expertise en matière de gouvernance, de négociation, de développement économique, d'engagement et de communication en font le partenaire idéal pour résoudre les problèmes impliquant de multiples parties prenantes. Changemakers emploie plus de 400 personnes et possède des bureaux au Canada et aux États-Unis. ChangeMakers est dirigé par son PDG, Stefan Moores --- - Published: 2022-10-26 - Modified: 2026-01-27 - URL: https://cbgf.com/portfolio/changemakers/ ChangeMakers is a leading independent reputation management, social impact and marketing firm based in Toronto, ON. ChangeMakers combines deep business expertise and human-centred strategies to support its clients to succeed in a disruptive world. Formed in 2022 by uniting six of Canada’s leading marketing, public relations, brand strategy, advertising, engagement and Indigenous advisory firms, ChangeMakers combines decades of experience as an essential partner in driving client success. In addition, the company’s partnership with Indigenous Nations and expertise in governance, negotiation, economic development, engagement and communication makes it the ideal partner in addressing multistakeholder problems. Changemakers employs over 400 people with offices throughout Canada and the US. ChangeMakers is led by its CEO, Stefan Moores. --- - Published: 2022-07-26 - Modified: 2023-06-12 - URL: https://cbgf.com/fr/portfolio/procedureflow/ ProcedureFlow est un logiciel de gestion des connaissances conçu pour aider les organisations à numériser leurs opérations en visualisant leurs processus. Établie à Saint John au Nouveau-Brunswick, ProcedureFlow fournit aux employés l'information dont ils ont besoin au moment précis où ils en ont besoin, et ce, pour toute une gamme de fonctions, notamment la formation et l'intégration des employés, le service à la clientèle, les opérations et plus encore. ProcedureFlow simplifie la façon dont les employés naviguent à travers les renseignements de l'entreprise, ce qui facilite le respect des procédures et l'efficacité opérationnelle. Fondée en 2015, ProcedureFlow est dirigée par Daniella Degrace (cofondatrice et PDG) et son l'équipe de direction chevronnée, qui possèdent ensemble les compétences et l’expérience nécessaires pour exécuter leurs plans de croissance. --- - Published: 2022-07-22 - Modified: 2024-03-26 - URL: https://cbgf.com/portfolio/procedureflow/ ProcedureFlow is a knowledge management software designed to help organizations digitize their operations by visualizing their processes. Headquartered in Saint John, New Brunswick, ProcedureFlow equips employees with the information they need at the precise moment they need it across a range of functions, including employee training and onboarding, customer service, operations, and more. ProcedureFlow simplifies the way employees navigate company information, making it easy to follow procedures and deliver operational efficiency. Founded in 2015, ProcedureFlow is led by Daniella Degrace (Co-Founder & CEO) and her strong management team, who together possess the skills and experience needed to execute on their plans for growth. --- - Published: 2022-05-25 - Modified: 2025-01-22 - URL: https://cbgf.com/portfolio/amilia/ Amilia is an activity and recreation eCommerce company on a mission to revolutionize the way organizations operate and manage their businesses. Headquartered in Montreal, Quebec, Amilia’s all-in-one platform solution, SmartRec, enables organizations to engage with their communities by streamlining customer registration, membership management, facility booking, payment and invoicing services, and back-office functions. The company’s customers include SMEs and municipal organizations across North America. Founded in 2009, Amilia is led by Hugo Lachance, CEO, who possesses the skills and experience needed to execute on their plants for growth. --- - Published: 2022-05-25 - Modified: 2025-01-22 - URL: https://cbgf.com/fr/portfolio/amilia/ Amilia est une entreprise de commerce électronique spécialisée dans les activités et les loisirs qui a pour mission de révolutionner la façon dont les organisations fonctionnent et gèrent leurs affaires. Basée à Montréal au Québec, la solution de plateforme tout-en-un d'Amilia, SmartRec, permet aux organisations de s'engager auprès de leurs communautés en simplifiant l'inscription des clients, la gestion des membres, la réservation des installations, les services de paiement et de facturation, ainsi que les fonctions de services administratifs. La société compte parmi ses clients des PME et des organismes municipaux partout en Amérique du Nord. Fondée en 2009, Amilia est dirigée par Hugo Lachance, PDG, qui possède les compétences et l’expérience nécessaires pour mettre en place ses plans de croissance. --- - Published: 2021-12-16 - Modified: 2026-01-27 - URL: https://cbgf.com/fr/portfolio/purefacts-financial-solutions-inc/ Fondée en 2010, PureFacts Financial Solutions Inc. (« PureFacts ») est un fournisseur SaaS primé de solutions de gestion des revenus de bout en bout pour le secteur de la gestion d'actifs et de patrimoine. Basée à Toronto, en Ontario, PureFacts aide certaines des sociétés de gestion de patrimoine, de gestion d'actifs et de services d'actifs les plus importantes et les plus reconnues à gérer et à accroître leurs revenus. La plateforme PureRevenue permet une gestion évolutive des revenus en alimentant l'ensemble du cycle de vie des revenus. Les entreprises calculent, collectent, distribuent, incitent et optimisent leurs revenus à l'aide du moteur d'honoraires enrichi par l'IA de PureFacts, de l'application de rémunération incitative et de l'intelligence commerciale sur les revenus, le tout alimenté par un système d'enregistrement unique pour la gestion des revenus. Les clients de PureFacts sont plus performants en conservant davantage de clients, en offrant une valeur ajoutée, en améliorant la productivité, en incitant correctement les conseillers et les distributeurs, en évitant les erreurs coûteuses et en trouvant des opportunités d'optimisation. Avec des bureaux au Canada, aux États-Unis et en Europe, PureFacts a été reconnue pour son innovation et son excellence, notamment en étant sélectionnée pour les prix WealthTech100, AIFinTech100 et ESGFinTech100. En juillet 2024, GrowthCurve Capital (« GrowthCurve ») a acquis une participation majoritaire dans PureFacts. Dans le cadre de cette transaction, le CBGF s'est entièrement désengagé de son investissement dans PureFacts. TÉMOIGNAGES --- - Published: 2021-12-16 - Modified: 2026-01-27 - URL: https://cbgf.com/portfolio/purefacts-financial-solutions-inc/ Founded in 2010, PureFacts Financial Solutions Inc. (“PureFacts”) is an award-winning SaaS provider of end-to-end revenue management solutions for the asset and wealth management sector. Headquartered in Toronto, Ontario, PureFacts helps some of the largest and most recognizable wealth management, asset management and asset servicing firms manage and grow their revenues. The PureRevenue Platform enables scalable revenue management by powering the entire revenue lifecycle. Firms calculate, collect, distribute, incentivize and optimize their revenues using PureFacts AI-enriched fees engine, incentive compensation application and compelling revenue business intelligence powered by a single system of record for revenue management. PureFacts’ customers outperform by retaining more clients, delivering incremental value, improving productivity, properly incentivizing advisors and distributors, preventing costly mistakes and finding optimization opportunities. With offices in Canada, the USA, and Europe, PureFacts has been recognized for its innovation and excellence including selections to the WealthTech100, AIFinTech100, and ESGFinTech100 awards. PureFacts management rolled a significant portion of their equity position into the partnership with GrowthCurve. CBGF fully exited its investment in PureFacts as part of the transaction. TESTIMONIALS --- - Published: 2021-12-06 - Modified: 2026-01-27 - URL: https://cbgf.com/fr/portfolio/kudos-inc/ Basée à Calgary en Alberta, la plateforme Kudos® permet aux entreprises de tirer parti du pouvoir de la reconnaissance entre pairs pour favoriser l'engagement des employés, renforcer les valeurs de l'entreprise, réduire le roulement du personnel, améliorer la culture et, en fin de compte, stimuler la productivité et le rendement. Kudos® fournit aux entreprises des analyses de personnes en temps réel sur la culture organisationnelle, le rendement, les relations et le comportement. Grâce à ces informations, les clients peuvent évaluer efficacement les points sensibles afin de prévenir le roulement du personnel, de stimuler le rendement de leurs équipes et de mieux comprendre l'expérience de leurs employés. Kudos® est dirigé par Muni Boga (CEO) et Tom Short (CSC). L'équipe de direction de Kudos® possède des décennies d'expérience dans les domaines de la technologie, des produits, des ventes et du marketing, après avoir fait évoluer plusieurs organisations. Depuis sa création en 2010, la société s'est développée pour permettre à ses clients de travailler dans plus de 80 pays et en 11 langues. TÉMOIGNAGES --- - Published: 2021-12-06 - Modified: 2026-01-27 - URL: https://cbgf.com/portfolio/kudos-inc/ Kudos® Inc. , headquartered in Calgary, Alberta, is a mid-market and enterprise employee recognition and analytics company. The Kudos® platform allows organizations to leverage the power of peer-to-peer recognition to enable employee engagement, reinforce corporate values, reduce turnover, enhance culture, and ultimately drive productivity and performance. Kudos® provides businesses with real-time people analytics on organizational culture, performance, relationships, and behaviour. With these insights, clients can effectively assess pain points, drive performance amongst their teams, and develop a better understanding of their employee experience. Kudos® is led by Muni Boga (CEO) and Tom Short (CCO). The Kudos® leadership team brings decades of technology, product, sales, and marketing experience having scaled several organizations. Kudos® has grown from its inception in 2010 to enabling its clients in over 80 countries and 11 languages. TESTIMONIALS --- - Published: 2021-11-23 - Modified: 2026-01-27 - URL: https://cbgf.com/portfolio/neovation/ Neovation Corporation, headquartered in Winnipeg, Manitoba, is a global leader in corporate learning and development solutions. Since its inception in 2012, Neovation has been dedicated to transforming how organizations onboard, train and empower their employees through innovative technologies and services. The company offers a comprehensive suite of solutions, including Learning Management System (LMS) platforms, custom course design, and related professional services to address diverse training needs. Under the leadership of Founder and CEO Dan Belhassen, Neovation has grown into a thriving company of nearly 100 employees. Neovation’s flagship offerings—SmarterU, OttoLearn, JoyLMS (launching in 2026), and its Custom Learning division—are designed to build and enhance robust eLearning ecosystems. These tools drive impactful compliance training, onboarding, health and safety education, and product knowledge development for hundreds of organizations and hundreds of thousands of learners worldwide. Neovation’s mission is to help organizations be powered by knowledge by elevating their workforce training and knowledge management to achieve meaningful business outcomes TESTIMONIALS --- - Published: 2021-11-23 - Modified: 2026-01-27 - URL: https://cbgf.com/fr/portfolio/neovation/ Neovation Corporation, dont le siège social se trouve à Winnipeg, au Manitoba, est un chef de file mondial en matière de solutions d'apprentissage et de perfectionnement en entreprise. Depuis sa création en 2012, Neovation se consacre à transformer la façon dont les organisations accueillent, forment et habilitent leurs employés grâce à des technologies et à des services novateurs. La société offre une gamme complète de solutions, y compris des plates-formes de systèmes de gestion de l'apprentissage (SGA), la conception de cours personnalisés et des services professionnels connexes pour répondre aux divers besoins de formation. Sous la direction du fondateur et PDG Dan Belhassen, Neovation est devenue une entreprise florissante de près de 100 employés. Les offres phares de Neovation - SmartU, OttoLearn, JoyLMS (lancement en 2026) et sa division Custom Learning - sont conçues pour établir et améliorer de solides écosystèmes d'apprentissage en ligne. Ces outils permettent à des centaines d'organisations et à des centaines de milliers d'apprenants dans le monde entier de bénéficier d'une formation efficace en matière de conformité, d'intégration, d'éducation à la santé et à la sécurité, et de développement des connaissances sur les produits. La mission de Neovation consiste à aider les organisations à être alimentées par les connaissances en améliorant la formation de leur personnel et la gestion des connaissances afin d'obtenir des résultats commerciaux significatifs. TÉMOIGNAGES --- - Published: 2021-10-21 - Modified: 2026-01-27 - URL: https://cbgf.com/fr/portfolio/homestyle-selections-lp/ Homestyle Selections LP est une plateforme de premier plan dans l'industrie des aliments préparés frais dont le siège social est situé à Edmonton en Alberta. Homestyle est la société mère de Freshstone Brands Inc. , qui comprend Tiffany Gate Foods, et de Kitchen Partners Ltd. La plateforme exploite des installations de production dans tout le Canada et offre des produits alimentaires préparés frais de haute qualité, notamment des salades assaisonnées, des entrées prêtes à consommer, des plats d'accompagnement, des trempettes et des sauces. La plateforme Homestyle dessert certaines des plus grandes entreprises de vente au détail et de services alimentaires au Canada, notamment Loblaws, Boston Pizza, Metro et Sobeys, et emploie plus de 500 personnes à travers le pays. Fondée en 2019, la société Homestyle est dirigée par Frank Burdzy, PDG, et Leigh Newton, chef du développement, qui ont collectivement plus de 40 ans d'expérience d'exploitation et de gestion au sein de l'industrie alimentaire canadienne et mondiale. --- - Published: 2021-10-21 - Modified: 2026-01-27 - URL: https://cbgf.com/portfolio/homestyle-selections-lp/ Homestyle Selections LP is a leading platform in the fresh prepared food industry headquartered in Edmonton, Alberta. Homestyle is the parent company of Freshstone Brands Inc. which includes Tiffany Gate Foods, and Kitchen Partners Ltd. The platform operates production facilities across Canada offering high-quality fresh prepared food products including dressed salads, ready-to-eat entrees, side dishes, dips and sauces. The Homestyle platform services some of the largest retail and food service companies in Canada such as Loblaws, Boston Pizza, Metro and Sobeys, and employs over 500 people across the country. Founded in 2019, Homestyle is led by Frank Burdzy, CEO, and Leigh Newton, Chief Development Officer, who collectively have over 40 years of operational and managerial experience within the Canadian and Global food industry. --- - Published: 2021-09-29 - Modified: 2026-01-27 - URL: https://cbgf.com/fr/portfolio/stephano/ Stephano Group Ltd. est un fabricant de produits céréaliers et granolas. La société, dont le siège social est situé à Etobicoke en Ontario, produit et fournit des céréales froides, des céréales chaudes et des produits à base de céréales et de barres nutritionnelles ainsi que des collations sous marque privée ou en co-fabrication. Les dix chaînes de production de Stephano produisent une gamme de produits de déjeuner et de collation qui incluent des installations certifiées biologiques, sans OGM, sans gluten, avec contrôle des allergènes et casher. Fondée en 1978 par le couple Steve Frank et Annette Blaeske, Stephano est dirigée par les frères de deuxième génération, Noah (président) et Sean Frank (PDG), qui gèrent l'entreprise familiale dans deux usines de fabrication à Etobicoke et Mississauga. Le CBGF croit que la famille Frank et l'équipe de Stephano ont l'expertise nécessaire pour continuer à réaliser leur vision de faire de Stephano un fabricant de marque privée de produits granolas de haute qualité en Amérique du Nord. TÉMOIGNAGES --- - Published: 2021-09-29 - Modified: 2026-01-27 - URL: https://cbgf.com/portfolio/stephano/ Stephano Group Ltd. is a manufacturer of cereal and granola products. Headquartered in Etobicoke, Ontario, the company produces and provides cold cereal, hot cereal, and cereal / nutritional bar products and snacks on private label or co-manufactured basis. Stephano’s 10 production lines produce a range of breakfast and snack products which include Organic, Non-GMO, Gluten Free, allergen-controlled, and Kosher certified capabilities. Founded in 1978 by husband and wife, Steve Frank and Annette Blaeske, Stephano is led by the second-generation brothers, Noah (President) and Sean Frank (CEO), who run the family business at two production facilities in Etobicoke and Mississauga. CBGF believes that the Frank family and the Stephano team have the expertise to continue to execute on their vision of growing Stephano into a leading private label manufacturer of high-quality granola products in North America. TESTIMONIALS --- - Published: 2021-09-08 - Modified: 2025-01-23 - URL: https://cbgf.com/fr/portfolio/shopperplus/ ShopperPlus Inc. est une société de commerce électronique de détail qui offre des fournitures de bureau et de maison aux consommateurs canadiens. L’entreprise, dont le siège social est situé à Montréal, au Québec, offre une plateforme de commerce électronique qui propose des produits de tous les jours fiables et économiques, comme des fournitures de bureau, des appareils électroniques et des accessoires, ainsi que d’autres articles essentiels pour la maison. ShopperPlus a également développé quatre marques privées : PrimeCables, Moustache, LivingBasics et SortWise. Fondée en 2007, ShopperPlus est dirigée par Jack Zhan, PDG. Avec son équipe de direction, ShopperPlus a agrandi son équipe à plus de 150 employés travaillant dans ses centres de Montréal et de Guangzhou, en Chine. --- - Published: 2021-09-08 - Modified: 2025-01-23 - URL: https://cbgf.com/portfolio/shopperplus/ ShopperPlus Inc. is a retail e-commerce company providing office and home supplies to Canadian consumers. Headquartered in Montreal, Quebec, the company provides an e-commerce platform offering cost-effective and reliable everyday products such as office supplies, electronics & accessories, and other home essentials. ShopperPlus has also developed four private label brands: PrimeCables, Moustache, LivingBasics and SortWise. Founded in 2007, ShopperPlus is led by Jack Zhan, CEO. Together with his management team, ShopperPlus has grown its team to over 150 employees operating out of its Montreal and Guangzhou, China centres. --- - Published: 2021-07-26 - Modified: 2026-01-27 - URL: https://cbgf.com/fr/portfolio/cold-bore-technology/ Cold Bore Technology est une société, chef de file dans le domaine de l'automatisation et de l'analyse des complétions de puits, dont le siège social est situé à Calgary, en Alberta. La plateforme SmartPAD de Cold Bore Technology offre le premier système de contrôle principal des complétions (CMCS) sur place, au monde, pour permettre des opérations de puits entièrement autonomes grâce à sa solution matérielle et logicielle innovante. SmartPAD permet aux sociétés d'exploration et de production de pétrole et de gaz de centraliser les données provenant de sources multiples pour prendre des décisions en temps réel basées sur les données, tout en améliorant les normes ESG et la sécurité des travailleurs. Fondée en 2015, la société Cold Bore est dirigée par Blair Layton (PDG), Shane Cassell (directeur des recettes), et Alex Fortin (directeur de la technologie), qui apportent collectivement plus de 73 ans d'expérience. --- - Published: 2021-07-26 - Modified: 2026-01-27 - URL: https://cbgf.com/portfolio/cold-bore-technology/ Cold Bore Technology is a leading well completions automation and analytics technology company headquartered in Calgary, Alberta. Cold Bore Technology’s SmartPAD platform offers the world’s first on-site Completions Master Control System (CMCS) to enable fully autonomous well operations through its innovative hardware and software solution. SmartPAD enables oil and gas exploration and production companies to centralize data from multiple sources to make real-time data-driven decisions while improving ESG standards and worker safety. Founded in 2015, Cold Bore is led by Blair Layton (CEO), Shane Cassell (CRO), and Alex Fortin (CTO), who collectively bring over 73 years of experience. --- - Published: 2021-06-23 - Modified: 2026-01-27 - URL: https://cbgf.com/fr/portfolio/connected/ En juin 2021, le CBGF a investi dans Connected, une entreprise de services de développement de produits de premier plan dont le siège social est situé à Toronto en Ontario. La société a commencé ses activités en 2014, offrant des services de développement de produits logiciels de bout en bout, y compris la recherche, la conception, la stratégie et le développement. Connected a continué à investir dans son équipe et ses services, travaillant avec des entreprises de produits de pointe, y compris des entreprises du NASDAQ 10 et du Fortune 50, pour les aider à découvrir, valider et développer des produits percutants, alimentés par des logiciels. En avril 2022, Connected a été racheté par Thoughtworks Holdings, Inc. (NASDAQ : TWKS), une société mondiale de conseil en technologie. TÉMOIGNAGE --- - Published: 2021-06-23 - Modified: 2026-01-27 - URL: https://cbgf.com/portfolio/connected/ CBGF invested in Connected, a leading product development services firm headquartered in Toronto, Ontario in June 2021. The company began its operations in 2014, offering end-to-end software product development services including research, design, strategy, and development. Connected continued to invest in its team and services, working with leading product companies, including both NASDAQ 10 and Fortune 50 companies, to help them discover, validate, and develop impactful software-powered products. In April 2022, Connected was acquired by Thoughtworks Holdings, Inc. (NASDAQ: TWKS) a global technology consultancy. TESTIMONIALS --- - Published: 2021-01-21 - Modified: 2026-01-27 - URL: https://cbgf.com/portfolio/paystone/ Paystone Inc. is a payments solution provider offering payment processing, gift card, and loyalty program services to small and medium-sized enterprises (SMEs). Paystone manages and originates merchant accounts while also providing complementary products and services, including marketing automation tools, loyalty programs, payment terminals, and point-of-sale (“POS”) system integration platforms. Paystone’s solution combines customer engagement tools with payment processing so that merchants can manage their customer interactions all in one platform while proactively leveraging customer data to build relationships and grow their business. The Company currently serves nearly 25,000 merchant locations across Canada in many industries including hospitality, retail, services, healthcare, automotive and not-for-profit. Founded in 2008, Paystone is led by its co-founders Tarique Al-Ansari (CEO) and Abdullah Saab (CFO), who have successfully scaled the business since inception. The duo brings extensive expertise in high growth B2B companies. CBGF believes that Tarique and his team have the skills and experience to continue to execute on their vision to grow Paystone into a leading provider of all-in-one payment solutions for SMEs. TESTIMONIALS --- - Published: 2021-01-20 - Modified: 2022-10-04 - URL: https://cbgf.com/fr/portfolio/paystone/ Paystone Inc. est un prestataire de solutions de paiement offrant des services de traitement des paiements, de cartes cadeaux et de programmes de fidélité aux petites et moyennes entreprises (PME). Paystone gère et crée des comptes de commerçants tout en fournissant des produits et services complémentaires, notamment des outils d'automatisation du marketing, des programmes de fidélité, des terminaux de paiement et des plateformes d'intégration de systèmes de point de vente (PDV). La solution de Paystone combine les outils d'engagement des clients avec le traitement des paiements afin que les commerçants puissent gérer leurs interactions avec les clients sur une seule plateforme tout en exploitant de manière proactive les données des clients pour établir des relations et développer leur activité. La Société dessert actuellement près de 25 000 commerçants au Canada dans de nombreux secteurs, notamment l'hôtellerie, le commerce de détail, les services, les soins de santé, l'automobile et les organismes à but non lucratif. Fondée en 2008, la Société Paystone est dirigée par ses co-fondateurs Tarique Al-Ansari (PDG) et Abdullah Saab (directeur financier), qui ont réussi à faire évoluer l'entreprise depuis sa création. Le CBGF estime que Tarique et son équipe ont les compétences et l'expérience nécessaires pour continuer à réaliser leur vision de faire de Paystone un fournisseur de premier plan de solutions de paiement tout-en-un pour les PME. TÉMOIGNAGES --- - Published: 2020-10-28 - Modified: 2025-01-23 - URL: https://cbgf.com/fr/portfolio/liferaft/ LifeRaft Inc. est une société de renseignements de sécurité qui permet aux entreprises de passer le web au peigne fin pour identifier et surveiller les menaces potentielles pour les entreprises et la sécurité physique. Le logiciel d’identification des risques critiques de LifeRaft, « Navigator », fournit une suite intégrée de fonctions d’investigation pour des cas d’utilisation tels que la gestion de crise, la surveillance des infrastructures critiques, la protection des cadres, la sécurité des installations, la prévention des fraudes, la surveillance des emplacements et la détection des menaces. Basée à Halifax, en Nouvelle-Écosse, la société est spécialisée dans la prestation d’alertes proactives et en temps réel qui permettent à une entreprise de protéger ses employés, ses clients et ses biens. Fondée en 2014, LifeRaft est dirigée par Jonathan Graff (PDG) et Eduardo Capouya (DTI), qui ont l'expérience du changement d'échelle des entreprises canadiennes. --- - Published: 2020-10-28 - Modified: 2025-09-26 - URL: https://cbgf.com/portfolio/liferaft/ LifeRaft Inc. is a security intelligence company that enables enterprises to comb the web to identify and monitor potential business and physical security threats. LifeRaft’s critical risk identification software, “Navigator”, provides an integrated suite of investigative features for use cases such as crisis management, critical infrastructure monitoring, executive protection, facility security, fraud prevention, location monitoring and threat detection. Headquartered in Halifax, Nova Scotia, the company specializes in providing proactive and real-time alerts that allows a company to protect its employees, customers and assets. Founded in 2014, LifeRaft is led by Jonathan Graff (CEO), and Eduardo Capouya (CTO), who have experience scaling Canadian companies. --- - Published: 2020-09-29 - Modified: 2026-01-27 - URL: https://cbgf.com/fr/portfolio/busbud/ Busbud Inc. permet aux voyageurs du monde entier d’acheter des billets d’autobus interurbains grâce à sa plateforme de réservation dans plus de 80 pays, avec plus de 3 900 opérateurs d’autobus partenaires, desservant plus de 21 000 villes. L’entreprise simplifie la façon dont les voyageurs peuvent chercher, magasiner, comparer et acheter des billets d’autobus en ligne, de la même manière que pour les vols, les hôtels et les tours guidés. Busbud s’efforce d’étendre sa position de premier courtier-fournisseur de réservations de voyages en autobus au niveau mondial. Busbud a été fondée en 2011 par ses trois co-fondateurs, LP Maurice (PDG), Michael Gradek (CTO), et Frederic Thouin (CPO), qui avec leur conseil d’administration, apportent une vaste expérience dans les entreprises à forte croissance. TÉMOIGNAGES --- - Published: 2020-09-29 - Modified: 2026-01-27 - URL: https://cbgf.com/portfolio/busbud/ Busbud Inc. enables global travelers to shop for and purchase intercity bus tickets through its booking platform in over 80 countries worldwide, with over 3,900 bus operator partners, serving over 21,000 cities. The company simplifies the way travelers can research, shop for, compare and purchase bus tickets online in the same way they do flights, hotels and tours. Busbud is focused on extending its position as the leading global bus travel aggregator and booking provider. Busbud was founded in 2011 by its three co-founders, LP Maurice (CEO), Michael Gradek (CTO), and Frederic Thouin (CPO), who along with their Board of Directors bring extensive experience in high growth companies. TESTIMONIALS --- - Published: 2020-06-24 - Modified: 2026-01-27 - URL: https://cbgf.com/fr/portfolio/librestream/ Librestream est spécialisé dans les technologies de transformation numérique, aidant les travailleurs à distance à collaborer dans le secteur des services industriels et des soins de santé. Depuis 2003, la plateforme Librestream permet aux travailleurs à distance de se connecter et de communiquer avec des experts et des collègues de l’industrie pour diagnostiquer, inspecter et entretenir rapidement les biens, où qu’ils se trouvent dans le monde. La plateforme de service de réalité augmentée Onsight brevetée de Librestream est conçue pour que les entreprises et les travailleurs de première ligne puissent collaborer virtuellement et accéder à des contenus provenant des environnements les plus difficiles du monde. Onsight mise sur l’intelligence à travers une organisation pour améliorer la sécurité et la productivité des travailleurs, accélérer la livraison des produits et la résolution des problèmes. Librestream est dirigé par son président et directeur général, John Bishop, qui apporte plus de 20 ans d’expérience dans le secteur des technologies et est soutenu par une équipe de direction chevronnée. Librestream opère à l’échelle mondiale avec des déploiements dans plus de 120 pays à travers l’Amérique du Nord et l’Europe, au service de sa clientèle de premier ordre. --- - Published: 2020-06-24 - Modified: 2026-01-27 - URL: https://cbgf.com/portfolio/librestream/ Librestream specializes in digital transformation technologies, helping remote workers to collaborate in the industrial services and healthcare sector. Since 2003, Librestream’s platform enables remote workers to connect and communicate with industry experts and colleagues to rapidly diagnose, inspect, and maintain assets from anywhere in the world. Librestream’s patented Onsight Augmented Reality Service Platform is built for enterprise and frontline workers to collaborate virtually and access content from the world’s toughest environments. Onsight leverages intelligence across an organization to improve worker safety and productivity, expedite product delivery, and accelerate issue resolution. Headquartered in Winnipeg, Manitoba, Librestream is led by President and CEO, John Bishop, who brings over 20 years of leadership experience in the technology sector and is supported by an experienced management team. The company operates at a global scale with deployments in 120+ countries around the world, serving its blue-chip customer base. --- - Published: 2020-06-18 - Modified: 2026-01-27 - URL: https://cbgf.com/fr/portfolio/thoughtwire/ ThoughtWire est une plateforme technologique brevetée qui crée un « jumeau numérique » de son environnement pour favoriser des opérations efficaces et contribuer à la gestion des actifs et des processus de travail. Fondée en 2009, la plateforme technologique intelligente de la Société est utilisée dans la gestion immobilière et par les hôpitaux pour automatiser et fournir des conseils en temps réel afin de prévoir et de résoudre les problèmes, d’assurer la sécurité, de réaliser des économies d’énergie et de fournir une expérience optimale aux locataires, aux clients et aux patients. Basée à Toronto en Ontario, ThoughtWire est dirigé par les cofondateurs Mike Monteith (PDG), Stephen Owens (directeur technique), et Dale Hall (premier vice-président des partenariats stratégiques), qui apportent plus de 30 années d’expérience dans le secteur et chacun ont chacun réussi à développer et ont vendus des compagnies. --- - Published: 2020-06-18 - Modified: 2026-01-27 - URL: https://cbgf.com/portfolio/thoughtwire/ ThoughtWire is a patented property technology platform that creates a “Digital Twin” of its environment to drive efficient operations and aid in the management of assets and workflow processes. Founded in 2009, the Company’s smart technology platform is used in property management and hospitals to achieve automation and provide real-time guidance to predict and resolve issues, ensure safety, achieve energy savings and deliver optimal experiences to tenants, clients and patients. Headquartered in Toronto, Ontario, ThoughtWire is led by co-founders Mike Monteith (CEO), Stephen Owens (CTO), and Dale Hall (EVP of Strategic Partnerships), who bring over 30 years of experience in the sector and have each successfully grown and exited a business. --- - Published: 2020-06-09 - Modified: 2025-01-23 - URL: https://cbgf.com/fr/portfolio/proposify/ Proposify est une société de logiciel-service (SaaS) qui permet aux équipes de vente de faciliter la création, l’envoi, le suivi et la signature électronique de propositions personnalisées. En combinant ses outils de conception robustes avec des rapports analytiques et des intégrations de logiciels tiers, Proposify aide ses 10 000 clients de petites et moyennes entreprises dans 35 pays à simplifier leur processus de proposition et à développer leurs activités. Basée à Dartmouth, en Nouvelle-Écosse, Proposify est dirigée par Kyle Racki, cofondateur et PDG, qui possède une expérience préalable de la mise à l'échelle d'une entreprise numérique, et est soutenue par une équipe de gestion dynamique aux compétences diverses. TÉMOIGNAGES --- - Published: 2020-06-09 - Modified: 2025-01-23 - URL: https://cbgf.com/portfolio/proposify/ Proposify is a subscription-based software as a service (SaaS) company that empowers sales teams to easily create, send, track, and e-sign customized proposals. Combining its robust design tools with analytical reporting and third-party software integrations, Proposify helps its 10,000+ small and mid-market business customers countries streamline their proposal process and grow their businesses. More than three million proposals have been created across 118 countries on the Company’s software to date. Headquartered in Dartmouth, Nova Scotia, Proposify is led by Kyle Racki, Co-Founder & CEO, who has prior experience scaling a digital business and is supported by a driven management team with diverse expertise. TESTIMONIALS --- - Published: 2020-06-02 - Modified: 2026-01-27 - URL: https://cbgf.com/fr/portfolio/maxsold/ MaxSold offre des services visant à résoudre l’épineux problème de la façon de réduire la grandeur de sa résidence en un temps limité tout en évitant que les articles soient envoyés dans des centres d’enfouissement des déchets. Présent dans 10 villes canadiennes et 20 villes américaines, MaxSold a pour vocation de devenir le chef de file en ligne d’Amérique du Nord pour les acheteurs et les vendeurs de produits de consommation. Les services de MaxSold sont fournis par les membres de son équipe locale et par un réseau de partenaires en pleine expansion composé de gestionnaires en déménagement, d’organisateurs professionnels, d’avocats spécialisés en droit immobilier, de professionnels de l’immobilier, de commissaires-priseurs et de revendeurs. En mars 2024, MaxSold a été racheté par Christopher Reid, entrepreneur en série. --- - Published: 2020-06-02 - Modified: 2026-01-27 - URL: https://cbgf.com/portfolio/maxsold/ MaxSold solves the daunting problem of how to downsize in a limited amount of time while keeping items out of landfills. With operations across 10 Canadian and 20 U. S. cities, MaxSold is dedicated to becoming North America’s leading online recommerce marketplace for buyers and sellers. MaxSold’s services are provided through its local team members and a growing partner network of senior move managers, professional organizers, estate lawyers, real estate professionals, auctioneers and resellers. In March 2024, Maxsold was acquired by serial entrepreneur, Christopher Reid. --- - Published: 2020-05-07 - Modified: 2024-03-26 - URL: https://cbgf.com/portfolio/xello/ Xello is an educational technology company providing college and career readiness solutions to students in kindergarten to grade 12. Xello currently operates from its Toronto headquarters. This mission-driven organization is dedicated to becoming North America’s leading future-readiness platform, helping students of all backgrounds, abilities, and pathways prepare for college and career success through self-knowledge, exploration and planning. Xello is led by co-founders Matt McQuillen, CEO, and Jeff Harris, President. The pair have been running the Company since it launched in 1997. TESTIMONIALS --- - Published: 2020-05-07 - Modified: 2024-03-26 - URL: https://cbgf.com/fr/portfolio/xello/ Xello est une entreprise de technologie éducative qui fournit des solutions de préparation aux études et à la carrière aux élèves de la maternelle à la douzième année. Xello est dirigée à partir de son siège social de Toronto. Cette organisation, dont la mission est de devenir la principale plateforme de préparation à l’avenir en Amérique du Nord, aide les étudiants de toutes origines, toutes capacités et tous parcours à se préparer à la réussite universitaire et professionnelle par la connaissance de soi, l’exploration et la planification. Xello est dirigée par les co-fondateurs Matt McQuillen, PDG, et Jeff Harris, président. Tous deux dirigent la société depuis son lancement en 1997. TÉMOIGNAGES --- - Published: 2020-03-11 - Modified: 2026-01-27 - URL: https://cbgf.com/fr/portfolio/environmental-360-solutions/ Environmental 360 Solutions Inc. est une entreprise de gestion environnementale offrant des solutions aux municipalités et aux clients industriels, commerciaux et institutionnels. Exploitant dans onze villes canadiennes en Ontario, au Québec, en Saskatchewan, en Alberta et en Colombie-Britannique, E360S est déterminée à devenir l’une des entreprises, chefs de file en gestion environnementale, les plus fiables en Amérique du Nord. E360S est dirigée par son fondateur et PDG Danny Ardellini, qui possède 30 années d’expérience dans le regroupage de l’industrie canadienne de la gestion environnementale, et il est soutenu par une équipe de cadres chevronnés. TÉMOIGNAGES --- - Published: 2020-03-11 - Modified: 2026-01-27 - URL: https://cbgf.com/portfolio/environmental-360-solutions/ Environmental 360 Solutions Inc. is an environmental management company providing solutions to municipalities and Industrial, Commercial and Institutional customers. With operations in Ontario, Quebec, Saskatchewan, Alberta, and British Columbia, E360S is dedicated to becoming one of North America’s leading and most trusted environmental management companies. E360S is led by Founder and CEO, Danny Ardellini, who brings 30 years of experience in consolidating the Canadian environmental management industry and is supported by a team of experienced executives. TESTIMONIALS --- - Published: 2019-08-12 - Modified: 2025-09-26 - URL: https://cbgf.com/fr/portfolio/appnovation/ Appnovation une société de consultation numérique à service complet, basée à Vancouver, qui fait progresser les activités de ses clients en innovant prestement sur tout ce qui est numérique. Appnovation possède des bureaux en Colombie-Britannique, au Québec et au Toronto, pour un total de 9 bureaux à travers les Amériques, l’Europe et la région Asie-Pacifique. Elle est bien positionnée pour générer des résultats commerciaux significatifs par le biais d’une stratégie numérique et d’une concentration approfondie de l’industrie et qui met l’accent sur une expérience centrée sur l’utilisateur, orientée sur la conception et sur des plateformes à technologie ouverte. Les offres de services d’Appnovation comprennent les suivantes : Stratégie numérique Expérience de l’utilisateur et conception Développement, intégration et ingénierie de plateforme Agilité et gouvernance de l’entreprise Données, analyses et connaissances Services et soutien gérés Bénéficiant d’une liste de clients allant des entreprises en démarrage financées par capital-risque aux entreprises du palmarès Fortune 500, en passant par des entités gouvernementales, des établissements d’enseignement supérieur et des organisations à but non lucratif, le savoir-faire numérique d’Appnovation s’applique à bon nombre de secteurs et d’industries. En termes d’expertise sectorielle spécifique, Appnovation travaille en étroite collaboration avec ses clients du secteur des sciences de la vie pour proposer des solutions qui améliorent les résultats pour les patients et accélèrent la commercialisation de nouveaux produits pharmaceutiques. Appnovation a développé des solutions pour plus d’une douzaine de grandes sociétés de services financiers, dont HSBC, AXA et RBC, ainsi que pour un tiers des plus grands fabricants pharmaceutiques... --- - Published: 2019-08-12 - Modified: 2025-09-26 - URL: https://cbgf.com/portfolio/appnovation/ Appnovation is a Vancouver-based full-service digital consultancy that advances their clients’ businesses by nimbly innovating on everything digital. With Canadian offices in B. C. , Quebec and Toronto, totaling 9 offices across the Americas, Europe and Asia-Pacific, Appnovation is well positioned to deliver meaningful business outcomes through digital strategy and deep industry focus, with an emphasis on user-centric, design-led experience and open technology platforms. Appnovation’s service offerings include: Digital strategy User experience and design Development, integration and platform engineering Corporate agility and governance Data, analytics and insights Managed services and support Boasting a client list that spans from venture-backed start-ups to the Fortune 500, government entities, higher educational institutions and nonprofit organizations, Appnovation’s digital expertise is showcased across a variety of industries and sectors. In terms of specific industry expertise, Appnovation works closely with life sciences clients to deliver solutions that improve patient outcomes and accelerate commercialization of new pharmaceutical products, and financial services sectors focusing on flexible strategy execution and customer experience innovation. Appnovation has developed solutions for over a dozen of the top financial services firms including HSBC, AXA and RBC, as well as one third of the top global pharmaceutical makers, counting brands like Boehringer Ingelheim, Johnson & Johnson and AbbVie as customers. Other clients representing a variety of verticals include such well-known names as Blue Cross Blue Shield, Sesame Street, Rogers Communications, Avis, NHS Blood and Transplant, Coca-Cola, Lidl, Carrefour and Hong Kong University. Appnovation is led by Founder and CEO, Arnold Leung, who founded the... --- - Published: 2019-07-16 - Modified: 2026-01-27 - URL: https://cbgf.com/fr/portfolio/vendasta/ Vendasta est une plateforme de commerce cloud pour les entreprises qui fournissent des solutions numériques aux petites et moyennes entreprises. Vendu exclusivement par le biais de partenaires de canaux – incluant des agences, des diffuseurs, des éditeurs, des banques, des télécommunicateurs et bien d’autres – Vendasta permet aux professionnels de la vente de personnaliser la plate-forme et les solutions, puis de les commercialiser, de les vendre et de les diffuser plus efficacement. Les petites et moyennes entreprises se tournent de plus en plus vers le cloud pour les aider à gérer leur activité, et Vendasta les aide à trouver des experts de confiance, capables de répondre à tous leurs besoins. Depuis 2008, Vendasta s’est développé pour rejoindre plus de 8 millions de PME à travers le monde par le biais d’un réseau de plus de 65 000 clients partenaires, connu sous le nom de « courtiers en cloud ». Son marché croissant de solutions revendables comprend des solutions de plus de 50 fournisseurs tiers uniques. Vendasta a été nommée par Deloitte l’une des 50 sociétés de technologie à la croissance la plus rapide au Canada et l’une des 500 sociétés à la croissance la plus rapide en Amérique du Nord. Elle a également été inscrite sur la liste Growth 500 du Canadian Business Magazine pendant trois années consécutives. TÉMOIGNAGES --- - Published: 2019-07-16 - Modified: 2026-01-27 - URL: https://cbgf.com/portfolio/vendasta/ Vendasta is a cloud commerce platform for companies who provide digital solutions to small and medium sized businesses. Sold exclusively through channel partners — including agencies, broadcasters, publishers, banks, telecoms, and more — Vendasta enables sales professionals to brand the platform and solutions as their own, and then market, sell, and deliver them more effectively. Small and medium sized businesses are increasingly turning to the cloud to help manage their business, and Vendasta’s helping them find trusted experts who can meet all of their needs. Since 2008, Vendasta has grown to reach over 8 million SMBs around the world through a network of over 65,000 channel partner customers, known to the company as ‘cloud brokers’. Its growing marketplace of re-sellable solutions includes solutions from over 50 unique third-party vendors. Vendasta has been named one of the 50 fastest growing technology companies in Canada and one of the top 500 fastest growing companies in North America by Deloitte. It has also been listed on Canadian Business Magazine’s Growth 500 for three consecutive years. TESTIMONIALS --- - Published: 2019-05-29 - Modified: 2026-01-27 - URL: https://cbgf.com/fr/portfolio/stn-video/ En Mai 2019, CBGF a investi dans STN Video Inc. (« STN »), une plateforme de distribution de vidéos de premier plan dont le siège social se trouve à Victoria, en Colombie-Britannique. STN, a commencé ses activités en 2008 en offrant un marché tripartite qui mettait en relation les fournisseurs de contenu, les éditeurs en ligne et les acheteurs d'inventaires publicitaires. STN a élargi sa plateforme de distribution de vidéos qui comprend maintenant plus de 250 fournisseurs de contenu, dont plusieurs ligues sportives officielles, notamment la NFL et la MLB, ainsi que de nombreux fournisseurs mondiaux, nationaux et locaux de contenu sur l'actualité, le divertissement et le style de vie. La société fournit à plus de 2 000 éditeurs numériques des revenus, du contenu de premier plan et une technologie de lecteur vidéo avancée et a été reconnue par Digiday comme étant la « Meilleure plateforme de vidéos » en 2023 pendant deux années consécutives, et par AdExchanger comme étant la « Meilleure technologie de vidéos pour les fournisseurs de médias » en 2023. En décembre 2023, STN Video a été acquis par Minute Media, une entreprise mondiale de premier plan dans le domaine de la technologie et du contenu. --- - Published: 2019-05-29 - Modified: 2026-01-27 - URL: https://cbgf.com/portfolio/stn-video/ CBGF invested in STN Video Inc. (“STN”), an industry-leading video distribution platform headquartered in Victoria, BC, in May 2019. STN Video began its operations in 2008 offering a three-sided marketplace that matched content providers, online publishers and buyers of advertisement inventory. STN expanded its video distribution platform which now includes over 250 content providers including several official sports leagues, such as the NFL and MLB, and many global, national, and local news, entertainment and lifestyle content providers. The company supplies more than 2,000 digital publishers with revenue, premium content and advanced video player technology and has been recognized by Digiday as ‘Best Video Platform’ in 2023 for two consecutive years, and by AdExchanger as the ‘Best Video Technology for Media Suppliers’ in 2023. In December 2023, STN Video was acquired by Minute Media, a leading global technology and content company. --- - Published: 2019-05-27 - Modified: 2026-01-27 - URL: https://cbgf.com/fr/portfolio/unyte/ Unyte est une société basée à Toronto qui propose une série de solutions neuronales au secteur des soins de santé mentale. Les outils thérapeutiques et la formation d’Unyte aident les cliniciens à obtenir de meilleurs résultats auprès de leurs patients souffrant de problèmes de santé mentale. Il a été prouvé que ses produits réduisaient le stress et l’anxiété et amélioraient les programmes de traitement. Sa plate-forme offre aux cliniciens la possibilité de suivre les progrès des patients au fil du temps Unyte est dirigé par Jason Tafler, PDG, et Anthony Kanfer, Président et CO, qui possèdent une vaste expérience dans le développement d’entreprises de marketing numérique et technologiques. L’entreprise réunit un réseau de chefs de file visionnaires du domaine pour contribuer à renforcer sa présence sur le marché, y compris l’expert en système nerveux, le Dr Stephen Porges. TÉMOIGNAGES --- - Published: 2019-05-23 - Modified: 2025-01-23 - URL: https://cbgf.com/portfolio/prodigy/ Prodigy Education is an education technology company that has designed one of the most engaging, effective, adaptive and free game-based learning platforms that helps students between grades one to eight practice mathematics. The Prodigy platform provides children with productive “screen time”, has been demonstrated to improve students’ mathematical proficiency, and is used by teachers and students in Canada, United States, Australia, and the United Kingdom. The Company is led by Alex Peters and Rohan Mahimker (Co-Founders & Co-CEOs), who started Prodigy Education as part of a fourth-year project at the University of Waterloo in 2011. Prodigy benefits from the increased use of technology between teachers, parents and students – in 2018, it grew to over 50 million users and was awarded North America’s fastest-growing EdTech company and Canada’s fastest growing software company. The Company has been able to scale its user base due to its great product offering, its freemium-based model and the quality of its educational content. Its proven ability to increase students’ mathematical proficiency provides academic credibility with schools and teachers while helping students to love learning. TESTIMONIALS --- - Published: 2019-05-23 - Modified: 2025-01-23 - URL: https://cbgf.com/fr/portfolio/prodigy/ Prodigy Education est une entreprise de technologie éducative qui a conçu l’une des plateformes de jeu les plus stimulantes, efficaces, adaptatives et gratuites pour aider les élèves de la première à la huitième année à pratiquer leurs mathématiques. La plate-forme Prodigy offre aux enfants un « temps d’écran » productif. Elle a démontré améliorer la maîtrise des mathématiques par les élèves et elle est utilisée par des enseignants et des étudiants au Canada, aux États-Unis, en Australie, et au Royaume-Uni. L’entreprise est dirigée par Alex Peters et Rohan Mahimker (co-fondateurs et présidents, directeurs généraux), qui ont lancé Prodigy Education dans le cadre d’un projet de quatrième année à l’Université de Waterloo en 2011. Prodigy bénéficie de l’utilisation accrue de la technologie entre enseignants et étudiants – en 2018, elle comptait plus de 50 millions d’utilisateurs et a été nommée l’entreprise de technologie éducative à la croissance la plus rapide en Amérique du Nord et la société de logiciels à la croissance la plus rapide au Canada. L’entreprise a été en mesure d’étendre sa base d’utilisateurs grâce à son excellente offre de produits, à son modèle semi-payant et à la qualité de son contenu éducatif. Sa capacité éprouvée d’accroître les compétences en mathématiques des élèves lui confère une crédibilité auprès des écoles et des enseignants tout en aidant les étudiants à aimer apprendre. TÉMOIGNAGES --- - Published: 2019-05-16 - Modified: 2026-01-27 - URL: https://cbgf.com/portfolio/mobile-klinik/ CBGF Invested in Mobile Klinik Professional Smartphone Repair, a Toronto based chain of smartphone and tablet repair stores across Canada, in May 2019. At the time, Mobile Klinik had 50 locations in Ontario, Quebec, Alberta, Manitoba, New Brunswick, Newfoundland and Labrador, British Columbia and Saskatchewan, and was well positioned to become Canada’s most trusted and professional smartphone and tablet repair, care, sales and services retailer. In July 2020, Mobile Klinik was acquired by Telus Corp, a major telecom provider in Canada. --- - Published: 2019-05-16 - Modified: 2026-01-27 - URL: https://cbgf.com/fr/portfolio/mobile-klinik/ En mai 2019, le CBGF a investi dans Mobile Klinik Professional Smartphone Repair, une chaîne de magasins de réparation de téléphones intelligents et de tablettes située à Toronto et présente dans tout le Canada. À ce moment-là, Mobile Klinik comptait 50 établissements en Ontario, au Québec, en Alberta, au Manitoba, au Nouveau-Brunswick, à Terre-Neuve-et-Labrador, en Colombie-Britannique et en Saskatchewan, et était bien placée pour devenir le détaillant de réparation, d'entretien, de vente et de services de téléphones intelligents et de tablettes le plus fiable et le plus professionnel du Canada. En juillet 2020, Mobile Klinik a été acquise par Telus Corp, un important fournisseur de télécommunications au Canada. --- - Published: 2018-12-12 - Modified: 2026-01-27 - URL: https://cbgf.com/portfolio/paybright/ CBGF invested in PayBright, a Toronto-based technology-enabled point-of-sale (“POS”) real-time consumer payments and lending platform in December 2018. The company began its operations in 2009 as a provider of consumer financing for Canadian healthcare procedures that were not covered by insurance benefits. PayBright continued to invest in its technology platform to support merchants in the retail industry, including both e-commerce sites and physical store locations. By partnering with PayBright to offer an installment payment method, merchants make purchases more affordable for their customers and see increases in conversion, average order value, and repeat traffic. Clients include Wayfair, Endy, and Casper. In December 2020, PayBright was acquired by Affirm, a leading US-based fintech focused on consumer installment loans for e-commerce and in-store purchases. TESTIMONIALS --- - Published: 2018-12-12 - Modified: 2026-01-27 - URL: https://cbgf.com/fr/portfolio/paybright/ En décembre 2018, le CBGF a investi dans PayBright, une plateforme de paiement et de prêt aux consommateurs en temps réel basée à Toronto et utilisant la technologie des points de vente (« PDV »). La société a commencé ses activités en 2009 en tant que prestataire de financement à la consommation pour les procédures de soins de santé canadiennes qui n'étaient pas couvertes par les assurances. PayBright a continué à investir dans sa plateforme technologique pour soutenir les commerçants du secteur de la vente au détail, y compris les sites de commerce électronique et les magasins physiques. En s'associant à PayBright pour proposer un mode de paiement à tempérament, les commerçants rendent les achats plus abordables pour leurs clients et constatent une augmentation du taux de conversion, de la valeur moyenne des commandes et du nombre de renouvellements. Parmi les clients, on compte Wayfair, Endy et Casper. En décembre 2020, PayBright a été achetée par Affirm, une société américaine de premier plan spécialisée dans les prêts à tempérament aux consommateurs pour le commerce électronique et les achats en magasin. TÉMOIGNAGES --- - Published: 2018-05-27 - Modified: 2026-01-27 - URL: https://cbgf.com/portfolio/unyte/ Unyte is a Toronto-based company that provides a suite of neural solutions to the mental health care industry. Unyte’s therapeutic tools and training help clinicians deliver better outcomes for patients suffering with mental health challenges. Its products have been proven to reduce stress and anxiety and enhance treatment programs, and its platform provides clinicians with the ability to track patient progress over time. Unyte is led by Jason Tafler, CEO, and Anthony Kanfer, President & COO, who have extensive experience in scaling digital marketing and technology businesses. The Company is assembling a network of industry thought leaders to help build its market presence, including nervous system expert Dr. Stephen Porges. TESTIMONIALS --- - Published: 2018-05-05 - Modified: 2026-01-27 - URL: https://cbgf.com/fr/portfolio/lift-auto/ Lift Auto Group (« Lift » ou la « Société ») est un consolidateur de centres de réparation de carrosseries à travers l’Ouest canadien, situé à Kelowna. Lift possède plus de 40 sites à travers la Colombie-Britannique, l’Alberta et la Saskatchewan. Lift est bien positionnée pour devenir un joueur de premier plan dans une industrie très fragmentée. Lift est dirigée par Mark Reineking (président et chef de la direction) et Michael Schurink (directeur de l’exploitation), qui ont tous deux grandi au sein de familles entrepreneuriales qui possédaient des entreprises au sein de l’industrie de la réparation de carrosserie. Avec leur équipe, Mark et Michael mettent à profit leur expérience pour offrir une approche sophistiquée à une industrie de plus en plus complexe au fil du temps. La complexité et les coûts croissants de l’exploitation au sein de cette industrie sont des catalyseurs de la consolidation, ce qui permet aux entreprises bien dotées en capitaux et bien gérées, telle que Lift, d’acquérir de petits exploitants à des valeurs attrayantes. TÉMOIGNAGE --- - Published: 2018-05-05 - Modified: 2026-01-27 - URL: https://cbgf.com/portfolio/lift-auto/ Lift Auto Group is a Kelowna-based consolidator of automotive collision repair centers across Canada. With over 40 locations across British Columbia, Alberta, Saskatchewan and Ontario, Lift is well-positioned to become a leading player in a highly fragmented industry. Lift is led by Mark Reineking (President & CEO), Michael Schurink (COO) and Brad Kopp (Executive Vice President), who collectively bring over 25 years of leadership experience in the collision repair industry. Along with their team, Mark, Michael and Brad are leveraging their experience to bring a sophisticated approach to an industry that is becoming increasingly complex over time. The increasing cost and complexity of operating in the industry is a catalyst for consolidation, providing an opportunity for well-capitalized and well-managed companies like Lift to acquire small operators and build the scale to properly address industry demands. TESTIMONIALS --- --- > For direct inquiries, the Canadian Business Growth Fund can be reached at our Toronto office or via the contact page listed above. Location: 145 King Street West, Suite 730, Toronto, ON, M5H 1J8. Disclaimer: This file is generated for AI indexing purposes. Please verify all investment criteria and financial details directly on the official cbgf.com website. ---