Foodservice tech startup Brizo Data brings in C$12m of VC, debt

• Brizo was launched in 2020 by entrepreneurs Ian Delisle, Trevor Shimizu, Gaetan Corneau and Jean-Sébastien Vachon
• The company’s flagship product is Brizo FoodMetrics, a provider of real-time, foodservice market analytics
• The funds raised will help Brizo accelerate growth and enter new markets

Toronto-based Brizo Data, a technology startup that helps foodservice businesses to optimize sales processes and growth through data and analytics, has raised C$12 million in venture capital and debt financing.

Canadian investors Framework Venture Partners and BDC Capital’s Industrial Innovation Venture Fund led the round.

Brizo was launched in 2020 by entrepreneurs Ian Delisle, Trevor Shimizu, Gaetan Corneau and Jean-Sébastien Vachon. The company’s flagship product is Brizo FoodMetrics, a provider of real-time, foodservice market analytics.

The funds raised will help Brizo accelerate growth and enter new markets.

“Brizo empowers food and beverage industry professionals and entrepreneurs in their own growth trajectories by cutting down on the time it takes to find sales leads and to identify new and emerging market opportunities,” said Jim Texier, a partner at Framework Venture Partners, in a statement. “Brizo’s technology is a powerful tool to increase the speed and efficiency of their operations, allowing them to pivot, to tailor offerings or to forecast future trends in the foodservice industry and get ahead of the curve.”

Founded in 2018, Framework invests in the information and communications technology sector, with a strategy focused on financial technology and artificial intelligence. It has offices in Toronto, Montreal and Austin, Texas.

BDC Capital is the venture capital, growth equity, and growth and transition capital arm of the Montreal-based Business Development Bank of Canada. It has more than C$6 billion under management.