Canadian Business Growth Fund Makes Minority Investment in Proposify

Idealist Capital and Canada Growth Fund Invest in Solugen Global (Growth Equity)

March 18, 2026

Healthcare Services

Idealist Capital led a C$50 million growth equity investment in sustainable agriculture company Solugen Global. The Canada Growth Fund also participated in the equity commitment as Solugen plans to scale production of its low-carbon, fast-release fertilizer Azogen.

Canadian Business Growth Fund Invests in Appficiency Inc

February 10, 2026

IT Services

Appficiency Inc., a global IT consulting firm and software business, announced it received a minority equity investment from the Canadian Business Growth Fund (CBGF). The funding is intended to accelerate AI innovation, expand Appficiency’s delivery capabilities, and support growth across enterprise technology platforms including Oracle NetSuite, Salesforce, and Microsoft.

PayProp Raises Growth Investment from Accel-KKR, Rational Expectations and BetterHome

December 15, 2022

Payments & Fintech

PayProp, a cloud payments and reconciliation platform for the property management industry, raised a significant growth investment from a consortium including Accel-KKR, Rational Expectations, BetterHome, and participation from founders and management. The funding will support product innovation, infrastructure build-out and expansion into new and existing markets including the UK, South Africa, Canada and the United States.

Canadian Business Growth Fund Invests $10M in Kudos

December 6, 2021

Cloud & SaaS

The Canadian Business Growth Fund (CBGF) made a $10 million minority growth equity investment in Calgary-based Kudos, an employee recognition and people-analytics SaaS platform. The capital will support Kudos' global expansion and accelerate hiring—Kudos expected to double headcount to about 120 employees across Calgary and Canada by the end of 2022.

Canadian Business Growth Fund Makes Minority Growth Investment in Stephano Group

September 29, 2021

Food & Beverage

The Canadian Business Growth Fund (CBGF) has made a minority growth equity investment in Stephano Group Ltd., a family-owned Canadian CPG food manufacturer headquartered in Etobicoke, Ontario. The capital will be used to expand sales and marketing, corporate infrastructure, and manufacturing capacity as Stephano pursues growth across Canadian and U.S. retail and foodservice channels.

Canadian Business Growth Fund Invests in MaxSold

June 2, 2020

E-Commerce

Canadian Business Growth Fund (CBGF) completed a growth equity investment in MaxSold Incorporated to accelerate the downsizing and estate-sale marketplace’s growth and cross-border expansion. The funding will support market expansion, product investment and increased scale across Canada and the United States.