• Venture Portfolio

     

    KITS Eyecare Ltd. (TSX: KITS)

    The total Kit for your eyecare needs.

    KITS Eyewear is one of North America's largest retailers of contact lenses and eyeglasses in 2020. KITS is building the world's best eyecare company and believes the world has the right to see. KITS owns and operates a number of hyper growth optical brands including KITS.com. KITS is headquartered in Vancouver, Canada. For more information please visit Kits.com.

     

     

    Giving Vision With Insight

    Founded in 2002, LD Vision Group is North America’s second largest independent and privately owned direct retailer of optical goods. Managing a family of brands including OptiContacts.com, and ContactsExpress.ca. The company has offices in Toronto, Vancouver, Buffalo, and New York. This exciting fast growing business prepares to unlock the optical category with some secular game changing ideas.

    "We were excited to sell our company to the Hardy Capital team for approximately $70 million and to partner with them to grow the business. Since the acquisition Hardy's team did what they said they would do, adding value in Finance, Marketing and Operations allowing our company to grow and complete an IPO. Today the company is worth more than $300 million valuation less than 24 months later. We would recommend them if you are looking for a private equity group that will add value with integrity." Arshil Abdulla, CEO LD Vision.

     

    Optical E-commerce

    @HardyCapital we are thematic investors. We like growth businesses that take exceptional care of consumers. Accordingly when we met David Schottenstein CEO of @PrivéRevaux, we got excited. David was at the early stage of building out a leading consumer brand along with partners @JamieFoxx, @HaileeSteinfeld and @AshleyBenson. As one of the first outside investors we have enjoyed seeing this influencer led business generate significant traction and put up triple digit growth numbers for the last 24 months. Participating on the board of the company from Hardy Capital has been @RogerHardy.

    "We were pleased to have Roger as an investor and Board Member as we grew our company at hyper speed. He was even there as a customer at critical moments. We would recommend him as an integrity investor if you want an experienced operator who has grown many businesses and can add value in marketing, finance and operations." David Schottenstein, CEO Prive Revaux. Sold to Saffilo in February 2020 at a $110 million USD Valuation

     

    Online Furniture Shopping

    One of the fastest growing online furniture retailers with annual sales exceeding USD $100M. With over 75,000 SKUs, Cymax is a leader in online sales for all items home and office. They are located in Burnaby, BC, Canada and sell to customers in the United States and Canada. Internet Retailer Magazine ranked Cymax within the Top 200 e-tailers in the world in both 2011 and 2012.

    *Hardy Capital invested in Cymax at a $50M valuation. The company is now valued at over $1B.

     

     

     

    The best parts of home and hotel

    What is Sonder? It’s an answer to a lot of questions we’ve been asking. Like what would happen if we had a space to stay in neighborhoods we wanted to live in all around the world? What if those spaces included a dining area, and a living space and perhaps an extra bedroom or two for the kids? What if the design was modern and exciting, and the only thing cookie-cutter was…nothing? A place like that would help create a travel experience built to take guests further. To bring them home better. And that’s a place we’d like to stay. And a philosophy we’ve built our company around. Hardy Capital participated in two most recent Sonder financings and is the largest Private Shareholder in Western Canada.

     
     

    Why wear scrubs when you can #wearFIGS?

    FIGS is a direct-to-consumer healthcare apparel and lifestyle brand that celebrates, empowers and serves current and future generations of healthcare professionals. Hardy Capital invested in the fall round at $1.7B through our position in Story3 Capital, and is thrilled with the demand for the oversubscribed IPO in May2021 at over $4B. Congratulations to the founders, Heather Hasson and Trina Spear, and the company.

     

    Founded in Vancouver B.C., Dooly is a provider of sales enablement platform that collects customer information essential to close business sales. The cloud-based platform uses artificial intelligence to capture, share, and find the customer information and with its algorithm, syncs digital notes, fields, and tasks straight to Salesforce, while providing salespeople and customer success teams with the information they need. 

    It enables customer-facing teams to reduce time spent on administrative tasks and close sales. 

    *Dooly raised $80M USD in Series B Round - May2021

     

    Productivity Infrastructure for Modern Software

    Nylas is a Unified Communications as a Service (UCaaS) company enabling applications programmatic access to email, contacts and calendar via a proprietary API, supporting Gmail, Microsoft Exchange and open source imap servers.

     

     

    Commitment to Sustainability

    Recover™, is a leading material sciences company and producer of sustainable, premium recycled cotton fiber and cotton fiber blends. The investment and strategic partnership will accelerate Recover’s efforts to transform the fashion industry by solving one of the world’s biggest environmental issues -- "Closing The Loop" on fashion.

     

    Discover New Experiences

    Surkus, Inc. develops and offers a mobile platform where brands and businesses can acquire target audience through incentives. It provides local events and venues with a way to cast their crowd by passing traditional advertising and promotional offers.

     

     

    Homecare for Homebound

    Nurse Next Door is a home care service providing care for seniors in the comfort of their own home and getting them back to doing the things they love​.

     

    The Best Food Delivered to Your Office

    Foodee works with the city's best restaurants to provide delicious, healthy, and sustainable food to the best teams. We believe every meal should be made with fresh, local ingredients and always provide exceptional taste. Eating great food with your team improves communication, productivity, and most importantly provides quality team time.

     

     

     

    9010 Merose Avenue, West Hollywood

    Located on West Hollywood's Restaurant Row, Olivetta is a coastal European restaurant that draws inspiration from the recipes and styles of preparation spanning the coasts of the Mediterranean Basin (Italy, France, Spain, & Greece). Executive Chef Michael Fiorelli has created a menu of contemporary dishes that reimagine coastal classics to capture the spirit of being on holiday while fully celebrating the exquisite ingredients found at home.

     

    Clean Data. Fundamental Models.

    Canalyst is the leading independent provider of fundamental models to institutional investors.​ Canalyst provides instant access to the cleanest, richest, best structured fundamental data available today via a database of complete, company-specific forecast models on 4,000+ North American listed securities.

     

     

    Tenant screening you can trust

    Naborly uses AI to help landlords automatically and securely verify their tenant’s identity, income, and employment, while also providing a complete credit report and criminal background check ABSOLUTELY FREE!

     

     

     

    Coastal.com & Clearly.ca

    The Better Way to Buy Eyewear

    The world's fastest growing distributor of contact lenses and eyeglasses; with offices in 4 countries on three continents with more than 5 million active customers and more than 1 billion in cumulative sales. Investment in Coastal has doubled nine times since initial investment in 2000. Coastal.com achieved a market cap more than $450M cash at exit to Essilor, a $25B public company.

     

     

    Gear for Good.

    We make bold, innovative gear. We create unforgettable events. And we believe in the power of adventure to make the world better.

     

     

    Loss Prevention has never been this easy

    With Solink, you can embrace a fast, simple and intuitive way to protect your business from fraud. Regain lost revenue and get back to doing the things you love.

     

    Build one design that adapts to unlimited sizes

    Flexitive is an HTML5 design tool that allows you to build designs optimized for a consistent cross-device experience. Building one concept across multiple screen sizes, resolutions and operating systems has never been easier and quicker.

     

     

    Merrco is a secure payment gateway with fully customizable compliance controls to protect the integrity of highly regulated industry.

     

     

    Treat Your {Senses}

    Nestled in the heart of Okanagan Falls between the stunning vistas of lakes Vaseux and Skaha in the unique landscape of British Columbia’s Okanagan Valley, Liquidity has been producing and selling award-winning grape varietals to well known B.C. wineries for over 20 years.

    The 2016 Chardonnay Reserve has been listed as the number one wine in the Top 10 Chardonnays and received a Gold medal at the recent 2018 Chardonnay du Monde Awards in France.

    *Liquidity Wines was sold to the owners of White Claw in February 2020.

     

     

    Be a Star and Find a Star

    Founded by Neel Grover former CEO of BUY.com and past Board member of Rakutan along with his seasoned e-commerce, mobile and social media team. Indi is headquartered in Southern California in the heart of the social media meets media epicenter. Indi is the place to Be a Star and Find a Star while enabling brands to connect in a meaningful way with their advocates.

     

     

    Unlimited Workplace

    Flexday transforms idle space (like restaurants closed during the day) into a curated network of workspaces. A Flexday membership gives you and your team affordable access to inspirational places to Work, Meet, and Create.

     

     

    Un-CreditCard your Life

    Hardy Capital is the second largest debt lender, after Fortress Capital, to TSX listed millennial lender MOGO. Mogo is a unique Fin tech disrupter who allows consumers to spend wisely by offering a full range of personal loans to meet their financial needs. The goal for Mogo is to help Canadians save $1 billion in credit card interest and loan fees.

     

    Tangoe Inc. (NASDAQ: TNGO)

    Get more with your Communications Technology

    Founded in 2001 to help organizations manage their telecommunications network costs, Tangoe has since applied that experience and evolved its solutions to help companies better manage the key technologies that form the foundation for digital transformation success. Our technology-enabled managed service solutions help organizations across industries drive both bottom-line improvements and top-line growth through digital transformation initiatives.

    Tangoe announced its sale to Marlin Equity Partners at $6.50 per share on April 28th, realizing a gain of +39%. There is a go-shop provision in the merger agreement, so we are still hopeful that a higher bid surfaces.

     

     

    Jive Software Inc. (NASDAQ: JIVE)

    Empower people and organizations to work better together

    Jive-n provides everything you need for high-performance collaboration with teams of any size. It even has ready-to-use sites for Corporate Communications, HR, sales and your IT help desk, along with pre-built integrations for common apps like Outlook, Office, and Gmail. These and other capabilities have helped top companies and millions of people around the world achieve breathtaking business results.

    Jive Software announced its sale to Aurea Software for $5.25 per share on May 1, 2017, realizing a gain of +27%.

     

     

    RDM Corporation (TSX: RC)

    Provider of Solutions to E-commerce and Payment Processing Industries

    RDM just announced its sale to Deluxe Corporation (NYSE: DLX) for C$5.45 per share, a 14% premium to its last closing price. RDM is a niche supplier to the payment processing industry focusing on remote deposit capture. We were initially drawn to the idea given its recurring revenue model, best in class product and asset light business model which led to significant free cash flow generation.

     

     

    Lensway.com & Lensway.se

    Optical E-commerce

    Acquired in 2004 for $11M and sold for more than $100M in 2014. After an upgrade to the management team in 2008 Lensway saw growth to 90% brand awareness in 2012. Sales of contact lenses grew to one of every three contact lenses sold in Sweden, Norway or Finland online and offline.

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