Blog


News Pick – Toronto is leading the charge of the global robot rising


Rise of AI

July 21, 2017 – “For many people, the term “artificial intelligence” conjures up visions of brainy humanoid robots who frequently have a bone to pick with their mortal creators. We can blame pop culture for that. From 2001: A Space Odyssey’s deranged (and disembodied) HAL 9000 and the doomed replicants of Blade Runner to the murderous, nearly-human “hosts” of HBO’s Westworld, artificial intelligence in TV and movies is often about sentient beings getting too smart for humanity’s own good.” Read more at The Bay Street Bull



News Pick – Toronto is the fastest growing tech market in North America


City of Toronto

July 20, 2017 – “Toronto has been named the fastest growing tech market in North America by the CBRE’s 2017 North American Scoring Tech Talent report. The city even beat out the technology hotbeds of San Francisco and New York City combined, shooting up from 12th to sixth in an overall annual ranking. From 2015 to 2016, Toronto added 22,500 new technology jobs, compared to 5,370 for New York and 11,540 for San Francisco. Toronto also ranked as the second-cheapest market with high quality talent for a technology firm to operate. When you consider the costs of hiring talent and finding real estate, it costs about $26 million (all figures USD) to run a 500 person technology company in Toronto, well below the lowest US city’s cost for the same thing, $34 million in Oklahoma City.”>Read more at Techvibes



News Pick – Finally, a way to halt Canada’s ‘brain drain’


Trump & Trudeau

July 10, 2017 – “What a difference a year makes. When David Duvenaud took a job as an assistant professor in computer science and statistics at the University of Toronto in 2016, the word “post-truth” was yet to be found in the Oxford English Dictionary, Donald Trump’s presidency was still a punchline and Brexit sounded like an overpriced breakfast cereal.” Read more at The Globe and Mail



News Pick – U.S. venture capital and tech expertise are flowing to Canada


Vector Institute

July 6, 2017 – “Canada is making an open and determined play to attract tech stars and investors to move north amid the squeeze of immigrants by President Donald Trump, and they are starting to respond. Salim Teja, director of venture services for Mars, Toronto’s sprawling innovation hub, tells Axios that hundreds of tech workers and students have applied for positions in Canadian tech firms and to study at the University of Toronto. Among the notable attractions are new artificial intelligence labs led by some of the world’s leaders in the field. ” Read more at Axios



News Pick – Trudeau versus Trump is a win for Toronto tech and innovation


Acceptance and Application Rates

June 30, 2017 – “Silicon Valley startups are tapping into Toronto’s tech talent. Okta Inc., which JPMorgan Chase & Co. calls one of the fastest growing public software firms, opened a 60-seat office this month on trendy King Street West. Lured by a deepening pool of engineers in a city routinely ranked among the world’s most innovative, the company is following peers such as Uber Technologies Inc. and Amazon.com Inc. across the border. Okta chose Canada’s biggest city because it’s home to the University of Toronto and is near the University of Waterloo, which are “educational sector leaders in developing future tech leaders,” said Armen Vartanian, vice president of global workplace services. “With respect to the talent supply that’s there, this is effectively a no-brainer for us.”” Read more at Bloomberg



News Pick – US tech talent coming to Canada


Shopify

June 28, 2017 – “It’s a great time for Canadian startups to attract top talent from south of the border as the U.S. government is creating an unwelcoming environment, the chief executive of Shopify says. “The Americans are doing a really great job of uninviting a lot of kinds of people who otherwise would go there,” said Tobias Lutke, who founded the e-commerce platform firm in 2004. Since U.S. President Donald Trump assumed office in January, he’s signed a number of controversial executive orders, including a ban on travel to the U.S. from several predominantly Muslim countries, and other measures, such as withdrawing the U.S. from the Paris Climate Agreement. Lutke said Shopify (TSX:SHOP) has been receiving many more applications from job seekers in the U.S. than before the 2016 presidential election.” Read more at National Post



News Pick – Canadian Tech is having a moment. The trick is not to mess it up – Bloomberg


Canadian Tech

June 14, 2017 – “Not so long ago, Canadian tech entrepreneurs had a long list of grievances: a dearth of early and late-stage funding, long visa wait times for foreign hires, local corporations that wouldn’t buy their products, the best and brightest decamping for Silicon Valley. Fast forward to today, and those problems have largely evaporated. Justin Trudeau’s Liberal government, eager to brand itself as innovative, has given tech leaders pretty much everything they asked for, including special fast-track visas for tech workers and hundreds of millions of dollars in venture capital money and support for artificial intelligence research.” Read more at Bloomberg



News Pick – An overdue welcome to foreign talent


Canada

June 8, 2017 – “Canada’s tech sector will have reason to cheer on June 12 when the federal government releases its long-awaited Global Skills Strategy, which promises to break open the bureaucratic logjam that currently impedes the ability of high-growth firms to hire skilled foreign talent. The boldest promise being made is that Canadian high-growth companies will be able to enjoy a 10-day turnaround time for processing work permit applications needed to hire highly skilled foreign talent. That will be a welcome change from the current system this new strategy is designed to replace, which is painful for too many of the companies that participated because the processing time of a single application was uncertain and there was no guarantee of success in the end.” Read more at TechVibes



News Pick – Launch Academy’s startup visa program gives entrepreneurs permanent residency in Canada


Canada

June 2, 2017 – “As the U.S. seems to be hell-bent on making itself less attractive to immigrants and visitors, its neighbors to the north are sensing an opening and going the other way in an effort to attract the smartest tech entrepreneurs. The country launched its startup visa program a few years ago and even though growth was slow (maybe too slow) in the early years, it’s now ramping up. To apply for a startup visa, entrepreneurs had to first secure a minimum investment of at least $200,000 from a Canadian venture capital fund or $75,000 for a Canadian angel investor.” Read more at TechCrunch



News Pick – How Toronto’s tech startup scene is blowing up – InsideToronto


Uber

May 25, 2017 – “Toronto’s technology ecosystem is a breeding ground for the latest startups and innovative technology. Companies like Uber, Google and Twitter have flocked to Toronto to establish Canadian headquarters because it’s seen as the place to foster the next wave of technology to move society forward. And it’s not on a whim. There are more than 400,000 people employed in the tech sector in the city and it is still growing. Because of that, the City of Toronto is putting more emphasis on nurturing its tech talent. According to Scarborough Southwest councillor Michelle Holland, the city’s first appointed official as advocate for the innovation economy, it starts by tackling the sector’s branding issue. “Toronto really punches above its weight when it comes to being a tech city. It’s the number 1 city for startups and a great place for people to start and grow a business,” Holland said.” Read more at InsideToronto



News Pick – The time for entrepreneurship is now – BNN


Shopify

May 25, 2017 – “In honour of Canada’s upcoming 150th birthday, Shopfiy one of Canada’s leading tech companies, which was once a startup, is looking to celebrate and encourage entrepreneurs in Canada. According to Statistics Canada, 97.9 per cent of Canada’s economy is made up of small business and the trend is expected to continue. The dream of owning your own business, according to a new survey conducted by Shopfiy, is alive and well. Sixty-eight per cent of those surveyed dream of being their own boss. Currently three in 10 Canadians have started their own business and more than half (53 per cent) believe that entrepreneurship is a possibility in the future.” Read more at BNN



News Pick – Toronto tech firms seeing more interest from U.S. job seekers — and not just because of Trump – CBC


Toronto

May 24, 2017 – “Last month, Roy Pereira, CEO of Toronto startup zoom.ai, received so many applications for a software engineering position from U.S.-based job seekers that he thought they were fake. “I thought it was maybe bots spamming us,” he remembered, noting only about one per cent of the company’s past applications had come from the States. The applicants he interviewed, many of whom were living in Silicon Valley, praised Toronto’s tech scene and expressed doubts about how they’d fare under the mercurial immigration policies of U.S. President Donald Trump.” Read more at CBC



News Pick – Here’s how likely your startup is to get acquired at any stage


Acquisition

May 17, 2017 – “Let’s say you randomly selected 1,000 seed-stage startups based in the United States. How many of those would go on to raise a Series A? Of companies that go on to raise a Series A, how many would go on to raise a Series B? You could keep this process going until only a few companies remain. But it’s not enough to just ask what the survival rate of companies is from round to round. The bigger question is what happens to those that don’t make it through the fundraising gauntlet? Sure, mortality is a fact of startup life. But there are also happier reasons for not making it to the next round, like when companies exit the funding rat race by way of acquisition or IPO. So what share of those companies find an exit?” Read more at TechCrunch



News Pick – Creative Destruction Lab expands startup program nationally – G&M


Creative Destruction Labs

May 17, 2017 – “Creative Destruction Lab is blowing up. The acclaimed tech startup program based at University of Toronto’s Rotman School of Management will reveal Thursday that it is expanding to Calgary, Montreal and Halifax, after its first external foray this year when it partnered with University of British Columbia’s Sauder School of Business to open a Vancouver lab. CDL is also planning a U of T-based offshoot focused on creating firms that specialize in artificial intelligence “machine learning,” using powerful quantum computers from D-Wave Systems, one of Canada’s emerging technology stars.” Read more at The Globe & Mail



News Pick – Toronto appoints Chief Transformation Officer to help the city become a more innovative public service – Betakit


Toronto

May 15, 2017 – “The search is finally over; Toronto has found its Chief Transformation Officer (CTO). Michael Kolm will be Toronto’s first-ever CTO and will report directly to city manager Peter Wallace. Kolm is set to begin on May 29th, 2017. Kolm will be responsible for setting “the overall strategic direction for the Transformation Office by establishing the vision, goals, objectives, and priorities of transformation initiatives that align with the City’s strategic directions, Council priorities, and the Long-Term Financial Plan.”” Read more at Betakit



News


Think Research: Expansion of Think Research’s innovative eReferral program


Ontario – August 10, 2017 – (Read more)



iGan Partners recognized by Thomson Reuters as a Top VC Investor in Canada


Thomson Reuters – August 2, 2017 – (Read more)



eSight: 6 Inventions Changing British People’s Lives in 2017


Buzzfeed News – August 1, 2017 – (Read more)



Limelight & iGan: The Entrepreneurship Society Panel says process, not perks, is key to good corporate culture


Betakit – July 27, 2017 – (Read more)



FlipGive: Dikembe Mutombo discusses new web-based business venture


Atlanta Business Chronicle – July 27, 2017 – (Read more)



Quandl: Newsweek hosts second AI and data science in capital markets event in New York City


IBTimes – July 21, 2017 – (Read more)



eSight: The wearables giving computer vision to the blind


Wired – July 20, 2017 – (Read more)



FlipGive: How to take your fundraising to the next level with the latest tech


Marilyn Denis Show – July 19, 2017 – (Read more)



Limelight: The Entrepreneurship Society event offering tips on metrics and fundraising for scaling companies


Betakit – July 18, 2017 – (Read more)



SceneDoc continues redefining the role of mobile technology in public safety


GlobalNewsWire – July 14, 2017 –IBTimes – July 21, 2017 – (Read more)“> (Read more)



Canada’s Next Leaders: Think Research CEO Sachin Aggarwal


BNN – July 13, 2017 – (Read more)



Quandl integrates US Treasury-Evaluated ICE data services


IBTimes – July 5, 2017 – (Read more)



Moleculight: Canadian inventions go unsung in our daily lives


Globe and Mail – July 1, 2017 – (Read more)



Think Research: Canada may be poised for a tech comeback with innovation-friendly Liberal agenda


Toronto Star – June 24, 2017 – (Read more)



eSight 3 launches in Europe


Canadian Business Journal – June 20, 2017 – (Read more)



iGan Partners is a venture capital firm investing in emerging tech companies.
With a focus on Digital Health and B2B SaaS, we invest in dynamic management teams, empowering them to build impactful businesses. We have built large successful companies and understand the challenges facing growing businesses, having faced them ourselves. We provide early stage companies with smart capital, a unique active management approach and exclusive access to a network of industry partners and sector specific co-investors to help them succeed.

Approach


Early Stage

We build lasting partnerships with founders and managers of great businesses. These partnerships are formed after the company has raised some seed capital, developed proof of concept or obtained market validation. We typically invest in Pre-Series A or Series A rounds and reserve capital for follow-on investments.


Growth

We take a unique active management approach with all our portfolio companies. With a strong network of industry partners and co-investors, we ensure our portfolio companies have the sufficient funds and network that will support their growth to a successful exit. We provide ongoing advice, help build management teams, and secure key customers when needed.

Sectors


Internet & Software

Data-driven SaaS and B2B platforms.


Digital Health

Healthcare IT and Medical devices

Augur

Powerful web technology that helps businesses identify devices, and consumers across devices.

eSight

Breakthrough electronic eyewear that enable the legally blind to actually see.

Exact Imaging

World's first high frequency micro-ultrasound that provides unmatched resolution to visualize, detect and treat prostate cancer.

Finaeo

Digitized MGA and smart CRM for insurance brokers.

FlipGive

Sports fundraising and marketing platform that allows sports teams to raise funds and brands to acquire customers.

LimeLight Platform

Live marketing and automation platform, enabling data collection, microsites, email campaigns and more.

Meta

Big-data company that uses machine intelligence to solve core research information challenges for academics and industries.

Moleculight

Handheld optical imaging device that enables the visualization of bacteria in real-time at the point of care.

Quandl

Search engine for numerical data that offers access to millions of financial, economic, and social datasets.

RESQ

On-demand restaurant maintenance platform.

Right Health

Online clinic providing timely, technology-enabled, private healthcare.

Scenedoc

Mobile investigation and field documentation platform for public safety and law enforcement agencies.

Think Research

Knowledge-based platform offering tools and leading clinical content for clinicians to provide the best evidence-based care.

Vemba

Intelligent video exchange and recommendation platform for digital publishers, content creators and brands.

Meet Our Team




Team Member

Sam Ifergan

President & Managing Partner

Team Member

Geoff Matus

Venture Partner

Team Member

Michael Stein

Venture Partner

Team Member

Michael Aron

Venture Partner

Team Member

Javier Flores

Venture Partner

Team Member

Olivier Giner

Vice President & Principal

Team Member

Kuljeev Singh

Principal

Team Member

Alexandre Nossovskoi

Analyst

Team Member

Billy Lai

Analyst

Team Member

Claudia Jimenez

Business Operations Manager

Team Member

Sachin Aggarwal

CEO - Think Research

Team Member

Jonah Midanik

Founder & CEO - LimeLight Platform

Team Member

Alex Kottoor

Co-Founder & CEO - SceneDoc

Team Member

Garrick Tiplady

CEO - Vemba

Team Member

Brian Mech

President - eSight

Team Member

Sam Molyneux

Co-Founder & CEO - Meta

Team Member

Craig Kennedy

CEO - MolecuLight

Team Member

Randy AuCoin

President - Exact Imaging

Team Member

Tammer Kamel

Co-Founder & CEO - Quandl

Team Member

Mark Bachman

Co-Founder & CRO - FlipGive

Let’s Chat

The best way to connect with us is through people who we know and trust – either fellow entrepreneurs, investors that have invested with us or industry professionals that know us well.






You can also reach us directly via email at [email protected]


Toronto Office

60 Bloor St. W, 9th Floor

Toronto, Ontario, Canada

M4W 3B8

(416) - 925 - 2433




    

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