In the Media

BNN Bloomberg: Thousands of Canadian tech names are becoming attractive for private equity this year: Vertu founder

Lisa Melchior, founder and managing partner at Vertu Capital, joins BNN Bloomberg to discuss her outlook for investing in the Canadian tech sector following the SVB banking saga. Melchior says that macro economic factors have had a cooling effect in private equity over the past year, culling excess companies after a 10-year bull run. She discusses her criteria for tech investments and her hopeful outlook for private equity investments in Canadian tech this year.

See the interview here.

In the Media

CVCA Announces Winners of the First Canadian Women in Private Capital Awards

Mar. 08, 2023 by CVCA Staff

Toronto, ON – March 8, 2023 – The Canadian Venture Capital and Private Equity Association (CVCA) is pleased to announce the winners of the inaugural Canadian Women in Private Capital Awards, which celebrates exceptional women who have shown a dedication to professional excellence in the Canadian private capital industry.

The Canadian Women in Private Capital Awards are separate from CVCA’s general awards program and aim to identify, recognize, and celebrate the achievements and contributions of exemplary women in the industry. Winners will be recognized during a sold-out morning reception event, sponsored by CIBC Innovation Banking, in celebration of International Women’s Day.

CVCA’s Woman of Achievement Award recognizes outstanding Canadian GPs and their dedication to elevating the performance and leadership of women in the Canadian private capital industry. The winners of the Woman of Achievement Award have shown dedication to raising the bar for performance by women in the industry, have had a significant impact on innovation and value creation and have contributed meaningfully to improving gender diversity in the industry and beyond.

The 2023 winners of the CVCA’s Woman of Achievement Award are Whitney Rockley from McRock Capital, who won the award for venture capital (VC), and Lisa Melchior from Vertu Capital, who won the award for private equity (PE).

Whitney Rockley is a Co-Founder and Managing Partner at McRock Capital. With over 20 years of experience in the industry, Rockley has been instrumental in building McRock Capital into a leading investor in the digital industrial sector. She is also passionate about supporting women in entrepreneurship and as the first woman to serve as Chair of CVCA since its inception in 1974, she spearheaded the establishment of the inaugural taskforce on diversity and inclusion. This initiative was instrumental in creating CVCA’s Diversity and Inclusion committee that she skillfully led for many years. With a fervent conviction that diverse teams deliver superior performance, she is a powerful advocate for these initiatives within the technology and private capital communities.

Rockley has achieved several notable accomplishments in recent years. Rockley was instrumental in raising two oversubscribed funds for a total of CAD $200M. McRock has also made successful investments, with one of its portfolio companies, ThoughtTrace Inc., being acquired by Thomson Reuters in Q1 2022. Additionally, mnubo was successfully acquired by AspenTech in 2019 and Decisive Farming was acquired by Telus later that same year. Rockley was the Chair of the Board of Directors of Decisive Farming and a member of mnubo’s Board of Directors.

Lisa Melchior is a trailblazing Founder and Managing Partner at Vertu Capital, where she is the first woman in Canada to start a private equity fund. With over 20 years of experience in the industry, Melchior has invested more than $1.5 billion in 25 technology companies over the course of her career, becoming a well-respected figure in the private capital ecosystem. She is also a staunch advocate for promoting diversity in the industry, having built a highly diverse team, and having mentored many women in private equity over the past two decades.

Melchior has achieved several notable accomplishments in recent years. In 2021, Melchior and her team launched Vertu Partners Fund I, targeting growth to lower mid-market technology companies, a previously underserved market in Canada. Under Melchior’s leadership Vertu has grown quickly, having led several successful investments, with one of its portfolio companies, Firmex Inc, sold to strategic buyer Datasite in Q3 2021.

Read the full announcement here.

Portfolio Companies



Toronto-based virtual data room (VDR) company Firmex has been acquired by fellow VDR provider Datasite. The financial details of the deal were not disclosed.

Created in 2020 with the sole purpose of helping to recapitalize Dejero, UbiDatasite has acquired 100 percent of Firmex from majority shareholders Vertu Capital and BDC Capital, and Firmex’s management. The acquisition comes about two and a half years after Toronto-based Vertu and BDC teamed up in early 2019 to acquire a majority stake in Firmex from Québec investor Novacap, Firmex’s only other investor aside from the company’s management team.

Real the full article here.

Portfolio Companies



Waterloo-based company Dejero, which provides communications connectivity tech, announced a $60 million CAD minority recapitalization deal led by Toronto’s Vertu Capital. The investment, which will see Vertu acquire a minority stake in Dejero, was supported by Ubicom Ventures.

Created in 2020 with the sole purpose of helping to recapitalize Dejero, Ubicom is a special purpose investment fund managed by three Bay Street investors in partnership with Dejero’s founder Bogdan Frusina and CEO Bruce Anderson.

Real the full article here.


Globe & Mail: Vertu Capital picks Waterloo tech firm Dejero for first fund investment



A fledgling private-equity firm, led by veteran Bay Street technology financier Lisa Melchior, has made the inaugural investment out of its first fund, leading the purchase of a $60-million stake in Waterloo, Ont., communications connectivity technology provider Dejero Labs Inc.

Ms. Melchior previously spent 17 years with the Ontario Municipal Employees Retirement System (OMERS), where she was a vice-president overseeing the pension giant’s private-capital investments in the technology sector, including its early stake in Constellation Software Inc. Ms. Melchior was on the board of Constellation, now one of Canada’s most valuable technology companies, when it went public in 2006. She also led the privatization of Quebec software company Logibec in 2010 and subsequent spinout of its U.S. subsidiary MatrixCare. OMERS sold the Canadian operations of Logibec to GI Partners in 2015.

Read the Full article here.