Canada Business Growth Fund invests in ThoughtWire

Canada Business Growth Fund has made an undisclosed minority investment in ThoughtWire, a Toronto-based intelligent building management platform.

Canada Business Growth Fund has made an undisclosed minority investment in ThoughtWire, a Toronto-based intelligent building management platform. Founded in 2009, ThoughtWire’s backers include BDC Capital, Comerica, Epic Capital, Round13 Capital and Yaletown Partners.

PRESS RELEASE

June 2020

CBGF recently made a minority equity investment in ThoughtWire Corp. (“ThoughtWire” or the “Company”), a leader in the intelligent building management space. Headquartered in Toronto, Ontario, ThoughtWire’s patented “Digital Twin” technology enables customers to leverage live data from the physical infrastructure or systems 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. The proceeds from this equity raise will be used to help fund platform development, customer success, and sales & marketing initiatives.

ThoughtWire is led by its three co-founders, Mike Monteith (CEO), Stephen Owens (CTO), and Dale Hall (EVP of Strategic Partnerships), who together bring over 30 years of experience in the sector and have each successfully grown and exited a business. The Company’s experienced management team is supported by its 50 employees who operate out of their Toronto headquarters.

We believe that Mike, Stephen, Dale and the rest of the ThoughtWire team possess the skills and experience to execute on their vision in growing the Company into a leading property technology platform.