PROPELR Growth

What PROPELR Growth does

PROPELR Growth is a Toronto-headquartered late-stage growth equity investment firm founded in 2020 (formerly Round13 Growth Fund) that provides $15–25 million cheques into Canadian and Western European technology companies typically one to three years away from an IPO or strategic sale. Its stated investment criteria target businesses with at least $15 million in revenue and 20%+ topline growth, with thematic focus on cybersecurity, regtech, fintech, health-tech, and AI-native models; the firm operates as a fund manager generating revenue from management fees on capital under management (>$325M across Fund I, a $125M early-stage fund, and Fund II vehicles) and from carried interest on successful exits.

The firm is built around a 5-person core investment team led by Founder & Managing Partner Sanjiv Samant (ex-Canaccord Genuity Co-Head, prior advisor on the Lightspeed POS IPO) alongside General Partner Alex Yanitsky (London-based, ex-Goldman Sachs Principal Investment Area and Teachers' Private Capital) and Partners Bruce Croxon (Lavalife co-founder, former Dragons' Den panelist) and John Eckert (co-founder of McLean Watson Capital, initial Softimage backer). Its portfolio spans seven active companies — Valsoft (vertical-market-software consolidator), Field Effect (MDR cybersecurity), KOHO (Canadian neobank targeting a Schedule 1 bank license), Alida (customer-experience SaaS), Tribe Property Technologies (proptech), Article (DTC furniture e-commerce), and LifeSpeak (mental-health SaaS) — plus a fully realized exit in Xanadu (quantum computing) and a partial exit via the 2021 LifeSpeak IPO.

Distribution is fully relationship-based: the firm relies on direct founder outreach in Canada and Western Europe, portfolio-led referrals, Canadian business-media visibility driven by partners like Bruce Croxon, and institutional LP channels anchored by the LIUNA pension fund and broadening to include Rockefeller Capital, Eldridge, and (via portfolio) sovereign investors like Mubadala. Unlike traditional VC funds with 5–7 year holds, PROPELR's stated 1–3 year hold period aligns its fund economics with imminent liquidity events for portfolio issuers.

Name

PROPELR Growth

Legal name

PROPELR Growth

Website

https://propelrgrowth.com

Company type

Private

Founded year

2020

Operating status

Operating

Headcount range

1–10 employees

Short description

PROPELR Growth is a Toronto-based late-stage growth equity firm founded in 2020 that invests $15–25 million per round in Canadian and Western European technology companies with $15M+ revenue and 20%+ growth, targeting cybersecurity, fintech, health-tech, regtech and AI-native businesses, and managing over $325M across multiple fund vehicles.

Ownership category

akta.pro rank

Product category

Growth Equity Investment

NAICS

Other Investment Pools and Funds (5259), Portfolio Management and Investment Advice (52394)

SIC

Investment Advice (6282)

akta.pro primary industry

Technology & Software Growth Equity (FSANACAA)

akta.pro secondary industries

Security & Defense / GovTech Growth Equity (FSANACAN), Financial Services / Fintech Growth Equity (FSANACAE)

Keywords

• Growth equity investing
• Late-stage venture capital
• Private equity funds
• Portfolio investment management
• Technology growth capital

Headquarters

HQ city

Toronto

HQ country

Canada

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Management Fees and Carried Interest: PROPELR Growth operates as a growth equity investment firm, generating returns through management fees on capital under management and carried interest (performance fees) on successful portfolio exits. The firm has launched multiple funds including Fund I, Fund II, and Growth Fund vehicles.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

PROPELR Growth is a Toronto-based late-stage growth equity investment firm that provides growth capital ($15-25M per investment, $25-100M total round size) to Canadian and Western European technology companies with $15M+ revenue and 20%+ topline growth. The firm manages multiple fund vehicles (Fund I, Fund II, Round13 Growth Fund) and earns returns through management fees and carried interest on portfolio exits, with focus areas in cybersecurity, regtech, fintech, health-tech, and AI-native businesses.

Product overview

PROPELR Growth is a Toronto-based late-stage growth equity investment firm (formerly Round13 Growth Fund) that provides capital and strategic support to exceptional growth-stage businesses in Canada and Western Europe. The firm does not offer a software product; rather, it provides investment fund management services to investors and growth capital to portfolio companies. The firm's core offering consists of growth equity financing, leveraging decades of collective experience to identify, advise, and invest in successful technology and growth-stage companies, with a hands-on, value-added approach to supporting management teams.

Differentiator

Problem solved

Functional benefit

Products and services

• PROPELR Growth Equity Investment Services Late-stage growth equity capital and strategic partnership for Canadian and Western European technology companies with $15M+ revenue and 20%+ growth. The firm invests $15-25M per deal in rounds typically sized at $25-100M, targeting sectors including cybersecurity, regtech, fintech, health-tech, and AI-native business models.
• Fund Management Services Management of multiple fund vehicles (Round13 Growth Fund, Fund I, Fund II) on behalf of limited partners including pension funds, family offices, and institutional investors. Generates revenue through management fees and carried interest.
• Portfolio Strategic Advisory Hands-on strategic support to portfolio companies including M&A advisory, capital markets expertise, IPO guidance, board-level governance, and operational support to drive companies toward successful exits (sale or IPO).

Quantifiable outcome

• Total capital under management exceeds $325M across multiple fund vehicles
• +2 more outcomes

Named customers7 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Eight partnerships are on record, tiered flagship, core and minor.

• Interac Corp.flagshipOthers · 1 May 2026KOHO was approved to use Interac's e-Transfer service as one of the first non-banks to join the Interac payments network. This gives KOHO direct access to the payments infrastructure, lowering costs, enhancing fraud detection, and controlling its payments infrastructure — previously dependent on intermediary banks.
• Peoples TrustcoreOthers · 1 January 2026Peoples Trust, a federally regulated Canadian bank, is KOHO's primary banking partner enabling the neobank to deliver its financial products. KOHO relies on Peoples Trust as its charter bank partner.
• Propel HoldingscoreStrategic or Co-development Partner · 1 January 2026Propel Holdings powers KOHO's line of credit offering through its lending platform Fora Credit. Propel handles technology, underwriting, servicing, and funding of loans ranging from $1,000 to $15,000, managed within KOHO's app.
• Payments CanadaflagshipOthers · 1 January 2026KOHO became a member of Payments Canada as a supervised Payment Service Provider (PSP). Membership enables KOHO to participate in Payments Canada's governance, policy development, and payments modernization initiatives, including the upcoming Real-Time Rail (RTR) system.
• Quorum Information TechnologiescoreStrategic or Co-development Partner · 1 December 2025Valsoft acquired Quorum Information Technologies (TSX-V: QIS) for approximately $60M in an all-cash transaction ($0.80 per share). Quorum provides SaaS enterprise solutions to automotive dealerships and OEMs including DMS, CRM, digital retailing, and accessories platforms.
• Core CashlessminorStrategic or Co-development Partner · 1 October 2025Valsoft acquired Kansas-based Core Cashless (PE-backed acquisition by Valsoft), expanding Valsoft's vertical market software portfolio in the payments/cashless space.
• SOVRA (formerly mdf commerce inc.)coreStrategic or Co-development Partner · 1 August 2025Valsoft acquired three SaaS companies from SOVRA — Carrus (auto parts management software), Polygon (jewelry online marketplace), and The Broker Forum (electronic components eMarketplace) — strengthening Valsoft's position across multiple specialized industries.
• DMSI Holdings Ltd. (Tridel Corporation, Rob Watt, Paul Smith)coreStrategic or Co-development Partner · 1 May 2024Tribe Property Technologies acquired DMSI Holdings (including DMS Property Management, Del Management Solutions, and Delcom Management Services) for $13M — with Tridel Corporation as a DMSI owner and current Tribe shareholder. DMSI brings multi-residential rental management, government contracts, and commercial property management expertise.

Scale indicators5 records

Recent moves7 records

Expansion highlights5 records

Broad incumbents

• Insight Partners: Global software-focused growth equity giant increasingly active in Canada; represents the scaled competitor PROPELR must position against for premium late-stage SaaS deals.
• Summit Partners: Global growth equity firm with a track record of backing Canadian tech companies; competes with PROPELR for late-stage, capital-efficient technology investments.
• BDC Capital (Growth Equity): Canada's largest growth equity investor with significantly larger AUM; competes with PROPELR for late-stage Canadian tech deals across multiple sectors.

Direct peers

• Claridge Inc. Stephen Jarislowsky-family Canadian private investment firm that actively invests in growth-stage technology and consumer companies, overlapping with PROPELR's late-stage Canadian mandate.
• Novacap: Quebec-based PE/growth equity firm investing in Canadian mid-market and technology companies; competes for similar late-stage Canadian growth opportunities.
• Georgian Partners: Toronto-based growth equity firm focused on high-growth B2B software companies, directly comparable to PROPELR's tech-focused late-stage Canadian investment thesis.
• Teralys Capital: Montreal-based private equity and growth investor with technology-focused funds that overlap with PROPELR's Canadian late-stage thesis.
• Kensington Capital Partners: Canadian growth equity investor that co-invested alongside PROPELR in LifeSpeak; operates in a similar late-stage tech and growth capital niche.

Emerging players

• Real Ventures: Montreal-based seed and Series A VC; though earlier-stage than PROPELR, it is a key feeder of Canadian tech deal flow that PROPELR can access at later stages.

Regional players

• Catalyst Capital Group: Toronto-based alternative asset manager; while more focused on special situations and distressed, it is a comparable Canadian capital provider competing for similar mid/late-stage deals.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInca.linkedin.com/company/propelr-growth/?viewAsMember=true

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments4 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about PROPELR Growth