Our Portfolio

Over 30 years and five funds, Whitecap is proud to have played an integral part in helping founders build successful companies. Our portfolio is more than a track record – each one is a story, a lasting relationship, and a contribution to the world.

Track Record

30 Year

History

5

Funds

$400M+

Assets Under Management

$4.5B+

Value Creation

GoBolt founders standing in front of delivery truck

Active Funds

Fund V – 2021

Health Tech

Caribou is a caregiver rewards platform that increases home care agencies’ ability to recruit and retain caregivers through meaningful recognition and engagement

CLIMATE TECH

Deep Sky is building the world's first gigaton-scale carbon removal company, bringing together the most promising carbon capture and storage technologies to provide the largest supply of high quality carbon credits to the market.

PROPTECH

InvestNext is an end-to-end investor portal solution that streamlines how real estate investment firms raise and manage capital.

Proptech

Altrio is a real estate deal management and analytics platform that allows funds to make better, more informed investing decisions faster.

Payments / Bitcoin

Mash has built payment solutions leveraging Bitcoin and the Lightning Network, that allows digital content creators to monetize their experiences.

Health Tech

Altoida is pioneering non-invasive brain health measurement and neurological disease diagnostics using AI and augmented reality.

Health Tech

Future Fertility’s products use image analysis and AI to evaluate the quality of a woman’s eggs for freezing and IVF.

Fund IV – 2018

Sales Tech

PartnerStack's platform equips companies with the tools required to build, manage, and scale channel partner programs.

Health Tech

Vetster is an innovative pet wellness platform that connects pet parents to virtual pet care.

Health Tech

Felix is a full-stack telehealth offering combined with a direct-to-consumer medication delivery platform.

proptech / fitness

Silofit offers private, on-demand gyms that are rented by the hour by fitness professionals and their clients.

medical device

Nicoya sells a product called Alto, a powerful and affordable surface plasmon resonance (SPR) instrument used to measure molecular interactions.

Logistics / Proptech

GoBolt is a tech-enabled, sustainably focused logistics provider for local ecommerce shops and national brands.

ecommerce

Bold is an e-commerce ecosystem developer building the next generation of multichannel e-commerce services for merchants.

Fund III – 2015

Proptech

IPO

Real Matters is a leading network management services platform for the mortgage and insurance industries. Real Matters became public on the TSX in 2017 (REAL).

Health Tech

Acquired

Clearwater Clinical's Shoebox platform is the leading cloud connected mobile Audiological testing platform for the hearing care industry. Clearwater Clinical was acquired by Sivantos Group in 2018.

Auto Tech

Acquired

IRYStec’s Perceptual Display Platform (PDP) embedded software technology replicated how the human eye sees. IRYStec was acquired by Faurecia in 2020.

e-commerce

Bold is an e-commerce ecosystem developer building the next generation of multichannel e-commerce services for merchants.

Marketing Tech

Acquired

Affinio's Marketing Intelligence Platform provided agencies and brands with the ability to understand their audiences at scale, by leveraging the social graph. Affinio was acquired by NowVertical Group (TSXV: NOW) in 2021.

Edtech

Acquired

Classcraft reimagines learning as a collaborative game where students create avatars and progress through the school year earning points awarded by their teacher. Classcraft was acquired by HMH, a portfolio company of Veritas Capital, in 2023.

medical device

Qvella is a molecular diagnostics company driving dramatically faster time to results in bacteriology.

CPG

Acquired

Mother Raw is a leading producer of raw, vegan, and organic salad dressings, dips, spreads, and sauces. Mother Raw was acquired by 80 Acres Farms in 2024.

Prior Funds Indicative Investments

Fund II – 2004

Proptech

IPO

Real Matters is a leading network management services platform for the mortgage and insurance industries. Real Matters became public on the TSX in 2017 (REAL).

Manufacturing

Acquired

Avo Photonics provided advanced manufacturing services for photonic and microelectronic customers in the communications, military, aerospace, medical, and industrial markets. Avo was purchased by Halma PLC in 2011.

Foodtech

Acquired

Protenergy was a leading producer of private label broth, soups, gravies, and sauces, counting over three quarters of North America’s largest grocery retailers as its customers. The company was acquired by Treehouse Foods (NYSE: THS) in 2014.

Fund I – 1993

Telecom

Acquired

Broadband Networks

Broadband Networks Inc. was a leader in the design and manufacture of broadband wireless networks operating at frequencies of between 2 and 42 gigahertz (GHz). In 1998, BNI was sold to Northern Telecom (NYSE:NT).

Telecom

Aquired

Electrophotonics Corp. designed innovative components and modules for optical networks. In 1999, Electrophotonics was acquired by E-TEK Dynamics Inc. (NASDAQ: ETEK), which subsequently merged with JDS Uniphase (NASDAQ: JDSU) 6 months later.

Medical Device

Acquired

Genus Medical

Genus Medical designed, manufactured, and distributed medical devices for the home care and rehab markets worldwide.

Telecom

Acquired

iMagicTV offered service providers an open and flexible platform for creating, delivering, and managing digital television and rich media services over broadband DSL networks. In 2000, iMagicTV became public on NASDAQ and TSE and was acquired in 2003 by Alcatel.

Telecom

Acquired

Loran

Loran was a systems integrator for high-speed networks. In 1999, the company was acquired by Peregrine.

data management

IPO

PC DOCS

PC DOCS was a leading worldwide provider of open document management systems for enterprise networks, the internet, and corporate intranets. In 1999, the company was acquired by HUMMINGBIRD (now OpenText).

Telecom

IPO

Positron Fibre Systems

Positron Fibre Systems was a leading manufacturer of telecommunications equipment built for high reliability and critical service applications. In 1998, the company was acquired by RELTEC, known today as Marconi Communications Optical Networks.

proptech

IPO

Teranet created the world’s first electronic document land registration system and operates Ontario’s Electronic Land Registration System. In 2006, the company became public, and it was subsequently acquired by OMERS in 2008.