As we entered 2022, the world continued to adapt to new realities and ongoing challenges whether driven by the ongoing impact of the pandemic, or emerging macroeconomic concerns impacting the valuation and financing environment for both public and private companies. As a key driver to this environment, the technology industry continued to expand its influence across broader markets and in our day to day lives.
For Vistara, this past year remained a very active time for funding and liquidity events across our portfolio. As we look back at these developments, we also look forward to another year of enabling the continued expansion of our portfolio companies and welcoming new ambitious technology leaders to the Vistara family.
Noteworthy Exit and Investment Activity:
AI / ML Data Management Platform
April 2021 – Vistara converted its debt into a US$70M Series B financing led by CDPQ, with participation by Salesforce Ventures and others. Sama is advancing its market leading end-to-end AI data training and ML model management platform enabling higher confidence and faster AI development cycles. Learn more.
Cloud Migration and IT Services Automation Solutions
June 2021 – BitTitan was acquired for its suite of enterprise application data and automation solutions. Vistara provided growth debt in 2019, and through disciplined growth and a share buyback enabled by this funding, the Founder & CEO remained the largest shareholder at exit. Learn more.
August 2021 – D3 Security is a rapidly growing cyber security company with its leading security orchestration, automation and response (“SOAR”) platform. Vistara closed a US$10M growth equity investment as D3’s first institutional investor to support accelerated market expansion. Learn more.
Enterprise Virtual Assistant Platform
September 2021 – Vistara converted its debt and invested further to lead a US$50M Series C financing alongside Nvidia and PNC Financial Group. Kore.ai continues to enhance its industry leading Conversational AI platform as recognized by Gartner and a growing global customer base. Learn more.
Employee Wellness & Resilience Platform
September 2021 – meQuilibrium is the leading enterprise grade digital solution for organizations to address burnout, stress, purpose, performance, and the wellbeing of their employees. Vistara’s investment will help accelerate product roadmap and bolster sales and marketing efforts to meet growing demand. Learn more.
Network Observability Platform
October 2021 – Kentik offers the unique ability to observe and manage networks, infrastructure, applications and business operations on a unified basis. Vistara provided both debt and equity including as part of the recent US$40M Series C funding towards further product line and market expansion. Learn more.
Through our work funding growth stage technology companies, and across key vertical focus areas, our investment team provided some of the following observations:
- HealthTech: Innovation and Digitization of Healthcare Accelerated by the Pandemic. Read Article.
- FinTech: Grow Your Revenue with Embedded Financial Infrastructure. Read Article.
- Financing Strategy: The Case Against Amortizing Loans for Tech Companies. Read Article.
As a company we’ve also grown significantly this past year, having re-branded, expanded our team, opened a Toronto office, and continued our work in the community:
- Vistara Capital Partners is now Vistara Growth. Read Article.
- Announcing 2021 Vistara Elevate Award Winner. Read Article.
- Vistara kicks off SVP Vancouver’s Community Business Partnership Program. Read Article.
About Vistara Growth
Vistara Growth provides highly flexible growth debt and equity solutions to leading technology companies across North America. Founded, managed, and funded by seasoned technology finance and operating executives, “Vistara” (Sanskrit for “expansion”) is focused on enabling growth for the ambitious entrepreneurs we invest in, our investors, our people, and the communities we operate in. For more information, visit vistaragrowth.com
Looking for Flexible Growth Capital?
Read our case studies to learn how our growth debt and equity solutions have enabled our founders and helped our portfolio companies.