Venture • Information Technology

Canadian Business Growth Fund Invests In ThoughtWire

On May 1, 2020, growth capital firm Canadian Business Growth Fund invested in information technology company ThoughtWire

Investment Context
  • This is Canadian Business Growth Fund’s 3rd transaction in the Information Technology sector.
  • This is Canadian Business Growth Fund’s 9th transaction in Canada.
  • This is Canadian Business Growth Fund’s 5th transaction in Ontario.

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Investment Summary

Date May 1, 2020
Target ThoughtWire
Sector Information Technology
Investor(s) Canadian Business Growth Fund
Deal Type Venture

Target Company

ThoughtWire

Toronto, Ontario, Canada
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. 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. ThoughtWire was founded in 2009 and is based in Toronto, Ontario.
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Investor Overview 1

Investor
DESCRIPTION

Canadian Business Growth Fund (CBGF) is an independent, evergreen growth?capital investment fund backed by Canadian banks and insurance companies. The Firm looks to provide minority equity investments ranging from CAD?5 to?20?million in mid?market Canadian businesses with solid revenue and growth trajectories. CBGF was formed in 2018 and is based in Toronto, Ontario.


Deal Context for Investor #
Overall 10 of 31
Sector: Information Technology 3 of 8
Type: Venture 1 of 9
State: Ontario 5 of 14
Country: Canada 9 of 30
Year: 2020 2 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-11 E360S

Aurora, Ontario, Canada

E360S is an environmental management company providing solutions to municipalities and Industrial, Commercial, and Institutional customers. With operations across ten Canadian cities in Ontario, Alberta, and British Columbia, E360S was founded in 2018 and is based in Aurora, Ontario.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-05-07 Xello

Toronto, Ontario, Canada

Xello is an educational technology company providing college and career readiness solutions to students in kindergarten to grade 12. Xello was founded in 1995 and is based in Toronto, Ontario.

Buy -