Latest News
Auvik Appoints Silicon Valley Veteran Douglas Murray CEO
WATERLOO, ON / Nov 01, 2022 - Auvik, an award-winning provider of cloud-based network management software, today announced the appointment of Douglas Murray as Chief Executive Officer. Murray succeeds Marc Morin, who founded Auvik alongside Alex Hoff and David Yach in 2011 and has served as the company’s CEO since inception. Morin will continue to be an active member of Auvik’s Board of Directors.
Auvik Acquires International SaaS firms Saaslio, Boardgent
WATERLOO, ON / Oct 13, 2022 - Waterloo-based network management software company Auvik has announced the acquisitions of two international SaaS firms, Saaslio and Boardgent. United States company Saaslio and Colombia-headquartered Boardgent represent Auvik’s most recent acquisitions.
Raven Connected Secures Follow-On Funding Round To Expand Team and AI Feature Set
OTTAWA, ON / Jul 12, 2022 - Raven Connected closed a new funding round to bolster its position as an innovative and agile player in the connected vehicle space. The latest round was led by Celtic House Venture Partners with participation from Graphite Ventures and other existing investors.
Movable Ink, which taps AI to personalize marketing content, raises $55M
NEW YORK, NY / Apr 28, 2022 - Movable Ink today announced that it secured $55 million in a Series D funding round led by Silver Lake Waterman with participation from Contour Venture Partners, Intel Capital and others, bringing the marketing software startup’s total raised to $97 million. The investment comes as Movable Ink — which is valued at $1.3 billion pre-money — plans to invest in “AI-driven” products and expand its over-550-employee workforce to more than 700 by 2023.
Movable Ink announces intent to acquire Coherent Path
NEW YORK, NY / Feb 16, 2022 - Movable Ink announced plans to acquire Coherent Path, the AI-powered content personalization engine that allows some of the world’s leading brands to help customers find their next favorite product. Acquiring Coherent Path aligns with Movable Ink’s mission to revolutionize customer-centricity and the individualized marketing messages brands need to truly put their customers first.
Snappy receives $2 million to scale restaurant management tech
TORONTO, ON / Dec 14, 2021 - Toronto-based Snappy has secured a $2 million CAD from Celtic House Ventures and existing investor Celtic House Asian Partners. Founded in 2016, Snappy provides restaurant management technology for customer touchpoints including point-of-sale, online orders, loyalty programs, reservations, waitlists, and custom-branded mobile apps and websites. The company claims its powers over 1,500 restaurants in eight countries and over 30 cities. Snappy recently expanded its services to Vancouver and plans to use its fresh financing to support its expansion across Canada.
Creative Layer secures backing from Shopify CEO, Celtic House for personalized printing platform for Shopify creators
OTTAWA, ON / Sep 8, 2021 - Ottawa-based Creative Layer has already secured $3 million in seed funding led by Shopify co-founder and CEO Tobi Lütke and Celtic House Venture Partners, both of whom previously invested in Canvaspop. The SAFE round, which closed in August, also saw participation from former Shopify CTO Cody Fauser, who invested in Canvaspop, as well as Adam McNamara, former Shopify VP of product and current founding partner at Ramen Ventures, and Leonard Teo, founder of Art Station.
Shopper+ closes a C$17 million equity financing with institutional investors to fuel its ambitious growth plans
MONTREAL, QC / Sep 7, 2021 – A leading Canadian e-commerce platform, ShopperPlus, 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.
Colombia’s Merqueo bags $50M to expand its online grocery delivery service across Latin America
BOGOTA, CO / Jul 29, 2021 - Merqueo, which operates a full-stack, on-demand delivery service in Latin America, has landed $50 million in a Series C round of funding. IDC Ventures, Digital Bridge and IDB Invest co-led the round, which also included participation from MGM Innova Group, Celtic House Venture Partners, Palm Drive Capital and previous shareholders. The financing brings the Bogota, Colombia-based startup’s total raised to $85 million since its 2017 inception. Merqueo CEO and co-founder Miguel McAllister knows a thing or two about the delivery space in Latin America, having also co-founded Domicilios.com, a Latin American food delivery company that was bought by Berlin-based Delivery Hero and later merged with Brazil’s iFood.
Auvik Networks Secures $250 Million Growth Investment from Great Hill Partners
WATERLOO, ON / Jul 15, 2021 - Auvik, an award-winning provider of cloud-based network management software, today announced that it has secured a US$250 million investment from Great Hill Partners, a private equity firm that invests in high-growth, disruptive businesses. The investment is expected to accelerate Auvik’s mission by funding product development, segment expansion, geographic reach, and other strategic growth initiatives. Marc Morin, CEO of Auvik Networks, “By partnering with Great Hill Partners, a growth investor with deep domain experience and expertise, and our continuing investor Celtic House Venture Partners, we are confident that we will be able to accelerate our impact and bring reliable IT solutions to IT professionals everywhere.”
CanvasPop acquired by HIG Capital-owned Circle Graphics
OTTAWA, ON / Jul 13, 2021 - Ottawa-based e-commerce startup Canvaspop has been acquired by Colorado’s Circle Graphics for an undisclosed amount. Canvaspop declined to reveal the financial terms of the deal, but told BetaKit the final outcome was “very well received” by the startup’s institutional and angel investors and board of directors, which include Celtic House Venture Partners and Shopify CEO and co-founder Tobi Lütke.
Filogix, a Finastra business, acquires Doorr
LONDON, UK / Oct 21, 2020 – Finastra, via its Canadian mortgage business Filogix, has acquired Doorr, a provider of cloud-based point-of-sale mortgage application software used by brokers to improve the mortgage experience. The deal is part of Finastra’s strategic investment in its Filogix mortgage marketplace, connecting consumers to brokers, lenders and many supporting partners to enable a secure mortgage application process. It will enhance Filogix capabilities in support of delivering next generation solutions to the Canadian mortgage market and deliver benefits to consumers, brokers and lenders.
Nuvyyo Raises $6 Million Series B Equity Financing
OTTAWA, ON / Jun 30, 2020 - Nuvyyo, makers of the Tablo OTA DVR for cord cutters, today announced the closing of a Series B funding round of $6 million CAD. The round was led by Celtic House Venture Partners with participation from Export Development Canada (EDC) and will be used to ramp up production of Tablo Over-the-Air DVRs as the consumer market for cable TV alternatives continues to surge.
Doorr raises over $1.75M, led by Celtic House and MaRS IAF, to build the future of mortgages
TORONTO, ON / May 15, 2020 - Doorr is excited to announce that it has raised over $1.75M CAD in a Seed financing led by Celtic House Venture Partners and MaRS Investment Accelerator Fund, with participation from Techstars and strategic angel investors.
Raven Connected announces Raven+, a new product with advanced AI capabilities
OTTAWA, ON / Dec 18, 2019 — Raven Connected announced today that Raven+, its newest product, will be unveiled for the first time at the Consumer Electronics Show (CES) in January 2020. This latest product from the connected video telematics company features major advances in driver and vehicle safety, perfect for individuals or fleets.
Auvik Networks Ranks No. 3 on Deloitte’s Technology Fast 50™, No. 12 on Deloitte’s 2019 Technology Fast 500™
WATERLOO, ON / Nov 7, 2019 — Auvik Networks has been presented the Deloitte Technology Fast 50™ program award for its rapid revenue growth, entrepreneurial spirit, and bold innovation. The program recognizes technology companies with the highest revenue-growth percentage over the past four years. The company also ranked 12th on Deloitte’s Technology Fast 500™, a ranking of the 500 fastest-growing technology, media, telecommunications, life sciences, and energy tech companies in North America. Auvik ranked on both of these lists thanks to its 7,914% revenue growth from 2015 to 2018.
QORVO acquires Cavendish Kinetics Inc.
GREENSBORO, NC / Oct 7, 2019 — Qorvo® (Nasdaq:QRVO), a leading provider of innovative RF solutions that connect the world, today announced that it has acquired Cavendish Kinetics, Inc., the world's leading provider of high-performance RF MEMS technology for antenna tuning applications.
Coherent Path Patents New System for Optimizing Customer Purchase Trajectories
BOSTON, MA / Oct 2, 2019 — Coherent Path announced today that CTO and cofounder Greg Leibon has obtained a patent for a revolutionary mathematical infrastructure. The patent for invention number US 10,269,928 B1 protects a core component of Coherent Path’s proprietary technology: a “hyperbolic geometry” that can be used to map each customer’s unique journey through a product space, and guide customers toward product discoveries that deliver greater lifetime value for brands and customers alike.
Auvik ranks #4 in Globe & Mail Top Growing Companies
WATERLOO, ON / Sep 27, 2019 — Auvik Networks has nabbed the number 4 spot on the inaugural Report on Business ranking of Canada’s Top Growing Companies. Canada’s Top Growing Companies ranks Canadian companies on three-year revenue growth. Auvik Networks earned its spot with three-year growth of 5,983%.
Auvik Networks Inc. Ranks Number 25 on the 2019 Startup 50
WATERLOO, ON / Sep 12, 2019 — Canadian Business and Maclean's today ranked Auvik Networks No. 25 on the 2019 Startup 50 ranking of Canada's Top New Growth Companies. Auvik Networks made the 2019 Startup 50 list with two-year revenue growth of 638%.