Round13 Capital

Round13 Capital is excited to announce we have entered into a transaction to acquire TIMIA Capital from Montfort Capital! "As a leading venture debt platform supporting a long-underserved segment of the Canadian private credit market, TIMIA is an exceptional complement to our core equity funds. This deal will enable Round13 to offer Canadian entrepreneurs a full suite of expanded financing options to grow their businesses and is aligned with our vision of building enduring, long-term partnerships with our investors and portfolio companies." In addition to the acquisition, Round13 will be providing significant new liquidity to TIMIA to expand their current lending capabilities. We will be sharing a lot more on our strategy in the coming weeks, stay tuned! https://lnkd.in/gpRPC5YT

On behalf of everyone at Round13 Capital, a big congratulations to Kivera on an outstanding exit to Cloudflare!! A well deserved win for a fantastic team led by Joe Lea, Vernon J., and Neil Brown! Matthew Prince, co-founder and CEO, Cloudflare shared “By integrating Kivera’s team and technology, we’ll be able to better help all of our customers work with any big cloud provider in the most secure, reliable manner.” Thanks to partners and advisors General Advance, Jonathan Spinks, Foley Hoag LLP, Nicholas Bader, BrightIron https://lnkd.in/gfCryXig

The Round13 Capital team recently launched the R13 book club (we include journal articles and memos in our definition of "book"). Sharing our reading to date as well as some of the key takeaways for our firm. "Elon Musk" by Walter Isaacson - constantly challenge our investment process and logic to create greater efficiency and accuracy.  "When Genius Failed" by Roger Lowenstein - we, probably more than most venture growth funds, enjoy testing alternative investment theories in pursuit of great returns, but risk management must always be a core tenet. "The Black Swan" by Nassim Taleb - we don't know what we don't know, narrowing our knowledge gap is a never-ending pursuit. "Shoe Dog" by Phil Knight - the path to massive success never seems to be a straight line (or anything close to a straight line). "Getting Lucky" a memo by Howard Marks - skill and luck both play important roles in success, though we need focus on sectors that maximize our odds of getting lucky. "Pulling the Goalie: Hockey and Investment Implications" a paper by Cliff Asness - doing what the math tells us to do can feel uncomfortable, but we need to seriously consider all strategies that can help us win. Suggestions welcome! Brahm Klar Wilson Lee Miranda Ferris Lianne Strother Jack Bulger Vaneh Keshishian Joshua French, CPA, CA Keith Hanna Bruce Croxon John Eckert

The Round13 Capital team is thrilled to showcase our new office at 111 Richmond St W! Located in Oxford Properties Group's Richmond Adelaide Centre. With the growth of our firm, we are excited to relocate our headquarters to the financial core, in close proximity to our ecosystem partners, portfolio companies, and team members. With $300 million of new funds, Round13 is continuing to back Canada's best growth stage software, tech-enabled services, and digital transformation opportunities in significant minority or majority positions. Many thanks to Garrett Noiles and Sarah Owen for helping us secure an amazing space. Additional thanks to Article for helping design and furnish the office and Stephen Bulger Gallery and Christopher Wahl for the incredible artwork! Wilson Lee Brahm Klar Vaneh Keshishian Miranda Ferris Lianne Strother Jack Bulger Joshua French, CPA, CA Lucie Mabadi Bruce Croxon John Eckert

On behalf of everyone at Round13 Capital, a big congratulations to the incredible team at PureFacts Financial Solutions on an outstanding result!! This investment, by an exceptional partner in GrowthCurve Capital, is a testament to the ingenuity and talent of Canadian entrepreneurs like Robert Madej, who built a global leader in wealthtech. “We have come a long way since our humble roots as a small, Canadian wealthtech firm,” said Madej. “Since day one, our guiding principle has been our client intimate approach." Thanks to partners and advisors Canadian Business Growth Fund (CBGF), Scotiabank, Goodmans LLP, Gowling WLG Bruce Croxon John Eckert Wilson Lee Brahm Klar https://lnkd.in/g_fES6eh

At Round13 Capital, we have closely monitored the record number of take-private transactions involving Canadian tech companies over the past two years. Many of these transactions followed the wave of companies that went public in 2020–2021, amidst more euphoric market conditions and have since struggled.   The public markets in Canada have been particularly harsh on smaller tech companies. Armed with cash from upsized IPOs and eager to show growth, many engaged in expansion strategies and deployed capital on M&A. As investor sentiment shifted to reward profitability over growth, we have witnessed high-quality tech businesses get punished heavily, leading them to trade at a steep discount to their intrinsic value.   All of these dynamics presented unique opportunities for sponsors and strategics to step in and take companies private. This market dislocation has led Round13 to explore investment opportunities in the Class of 2021 tech IPOs. In December 2022, Round13 acquired shares of Thinkific (TSX:THNC) on the open market. When we built our position, Thinkific shares had fallen ~90% from the IPO price and traded between CAD$1.50–CAD$2.00 per share. As market conditions have improved, shares have climbed to CAD$3.00–CAD$4.00 per share. #Canadiantech

Last week, the Round13 Capital team attended the Collision Conference in #Toronto. Collision week is always a fantastic time for the #CanadianTech ecosystem, bringing together world-class speakers and hundreds of impressive startups and high-growth tech companies. The event highlights the exciting growth and innovation happening here in Canada, and we look forward to continuing to partner with the best! #CollisionConference2024 #Tech #Round13Capital #TechInvesting #Techinvestment #Techconference #techstartups

Round13 Capital is thrilled to announce the promotion of Jack Bulger to the investment team as an Associate! In his new role, Jack will focus on sourcing new investment opportunities, conducting due diligence, and providing support to current investees. Jack started with us as an intern and has an MBA in Finance from Dalhousie University. He also contributed significantly to Business Development at Statflo, one of our portfolio companies. Jack has been a valuable part of our team, and we are thrilled to see him take on this new role. 🎉 #VCpromote #Round13capital #investmentteam

Hollywood is getting smarter with AI – and we're a big part of it. Our MARZ AI products, LipDub AI & Vanity AI, are featured in Variety's new report on Generative AI in film & TV. See how AI is transforming entertainment at https://ow.ly/cyNQ50S9f4C (requires Variety+ membership to view) #AI #Hollywood #VFX #LipDub #VanityAI

Every week, we have the pleasure of hosting industry experts, seasoned entrepreneurs, portfolio CEOs, and our talented team members at our Lunch & Learn series. They generously share their expertise, and journey to success, and offer practical advice, making these sessions incredibly informative and inspiring for our interns and team.      This week, we welcomed Alina Israilian & Marieke Boot from RBC Capital Markets, who provided invaluable insights into the world of Technology investment banking. A big thank you to them for the enlightening session!     An added perk is that a team member selects the restaurant for lunch, and their choice is always up for some friendly critique! Mexican food was an excellent pick, Rowan McDonald! 😋 #ThankYou #RBC #InvestmentBanking #Techinvestment #venturecapital