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About Espresso Capital

Espresso Capital, established in 2009, is a private debt fund primarily based in Toronto, Canada. It specializes in financing Venture Debt round of companies based in United States. Its portfolio includes 73 firms, spanning the Enterprise Applications, Retail sectors.
As of Aug 2026, Espresso Capital has witnessed 24 portfolio exits so far. Its most notable investments include companies like Headout, Blueshift and Procurify.
Its latest investment was a $38M Series B round in Thentia on Jan 29, 2024, which also saw participation from First Ascent Ventures and BDC.
Key Metrics
Founded Year
2009
Location
Toronto, Canada
Portfolio Companies
Sectors of Investment
Stages of Investment
Venture Debt, Conventional Debt & 5 more
Locations of Investment

Espresso Capital's List of Top Investments

Espresso Capital has a portfolio of 73 companies. Their most notable investments are in Kythera Labs and Thentia.Their portfolio spans across United States, Canada and United Kingdom. They have invested in Enterprise Applications, Retail, High Tech and 20 other sectors, across stages such as Venture Debt, Conventional Debt  and 5 more. Here is the list of top investments by Espresso Capital:
Provider of app-based tours and activities booking platform. Travelers are allowed to book the tours through the platform by making an online payment. It also provides last-minute availability and discounts on bookings.

Key facts about Headout

AI-enabled marketing automation platform. It uses its patented AI technology to unify, inform, and activate the fullness of customer data across all channels and applications. It helps marketers to customize the messages based on customers interests, purchase patterns, and browsing behavior, enabling digital marketers to create personalized triggered messaging based on user actions and user attributes. BBC, Zumper, Udacity, and ClearScore are part of the clientele.

Key facts about Blueshift

Developer of procurement software for managing organizational spend and workflows. This platform automates the full purchasing lifecycle, including intake, approval routing, purchase order generation, invoice matching, and payment processing. It integrates with financial systems to provide real-time visibility into expenditures and budget tracking. The software utilizes automated agents to draft requests, code invoices, and perform three-way matching based on organizational data. Finance and operations teams use these tools to enforce spending policies, maintain audit trails, and reduce manual administrative tasks throughout the procurement process.

Key facts about Procurify

Video over IP solutions for enterprises. The solution works over standard IP networks and the internet to enable the creation, publishing, and distribution of media content. Live and on-demand video applications include meeting and event broadcasts, employee collaboration, distributed learning, digital signage, TV distribution, and video surveillance. The solution is used by educational institutions, corporates, and government entities.

Key facts about VBrick Systems

Fullscript is a software platform for dispensing professional-grade nutraceuticals and supplements. It allows health practitioners to prescribe and dispense supplements (online or in person.) from a catalog of health products from different professional brands. Also, allows them to send personalized product recommendations directly to patients via email or SMS. The system can also be integrated with the users existing EHR system for data access.

Key facts about Fullscript

Espresso Capital's Investments by Stage

Espresso Capital has made 27 investments in Venture Debt stage with an average round size of $8.85M, 12 investments in Conventional Debt stage with an average round size of $9.28M and 4 investments in Series B stage with an average round size of $18.9M.
Here are Espresso Capital's investments by stage:
Stage of entry
No. of Investments
Venture Debt
27
Conventional Debt
12
Series B
4
Series C
3
Convertible Debt
2
Others
2
Breakdown of Espresso Capital's investments by stage of entryVenture Debt (27)Conventional Debt (12)
Note: We have considered here, only first round of investments

Espresso Capital's Investments by Sector

Espresso Capital has a diverse portfolio, with companies operating in the Enterprise Applications, Vertical SaaS, Consumer, FinTech and High Tech. Notably, it has invested in 65 Tech companies, 60 Enterprise (B2B) companies, 51 Software companies and at least 39 companies focusing on Saas.
Here are Espresso Capital's investments by sector:
Sector
No. of Investments
Enterprise Applications
35
Vertical SaaS
14
Consumer
9
FinTech
8
High Tech
6
Others
37
Breakdown of Espresso Capital's investments by sectorsEnterprise Applic... (35)Vertical SaaS (14)
Note: We have considered here, only first round of investments

Espresso Capital's Investments by Geography

Espresso Capital has made most investments in United States (37), followed by Canada where it has made 9 investments.
Here are Espresso Capital's investments by geography:
Country
No. of Investments
United States
37
Canada
9
United Kingdom
3
Breakdown of Espresso Capital's investments by countriesUnited States (37)Canada (9)
Note: We have considered here, only first round of investments

Espresso Capital's recent investments

Espresso Capital has not made any investment in 2026 so far.
Here are the most recent investments by Espresso Capital:
Date
Company
Location
Round Details
Round Amount
Co-Investors
Jan 29, 2024
Canada
Series B
9541
Nov 30, 2022
United States
Series B
2391
Oct 14, 2022
United States
Conventional Debt
6118
-
Oct 03, 2022
United States
Conventional Debt
9532
-
2022
United States
Venture Debt
3706
-

IPOs and Publicly Listed companies in Espresso Capital's Portfolio

1 of Espresso Capital's portfolio company became public -  POET Technologies. It got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ), in Dec 2000.
Here are Espresso Capital's portfolio companies that went public:
Company
IPO Date
First Invested on
First Round of Investment
Round Size
Dec 07, 2000
-
-
6888

Acquired companies in Espresso Capital's Portfolio

23 companies from Espresso Capital's portfolio have been acquired. The most recent acquisition was Blueshift in Jun 2026 by BlueConic for $*****.
Here are Espresso Capital's portfolio companies that got acquired most recently:
Company
Acquisition Date
First Invested on
First Round of Investment
Round Size
Jun 17, 2026
-
-
6878
Jun 02, 2025
Mar 09, 2021
Convertible Debt
6505
Feb 13, 2025
-
-
4760
Jan 28, 2025
May 26, 2022
Venture Debt
4964
Nov 13, 2024
-
-
3931

Team profile of Espresso Capital

Espresso Capital has a team of 6 members including 2 Partners located in United States and Canada.

Co-investors of Espresso Capital

Over the past 14 years, 251 investors have co-invested in Espresso Capital's portfolio companies. This includes funds and angels.

  • Invested before Espresso CapitalPoint Nine, SVB and 208 others have invested in rounds before Espresso Capital. There are 3 companies where Point Nine has invested before Espresso Capital and 3 companies where SVB has invested before Espresso Capital.
  • Top Co-investors of Espresso Capital11 investors entered a company along with Espresso Capital. These include investors like Glade Brook Capital (1 company).
  • Invested after Espresso CapitalA total of 30 investors have invested in Espresso Capital's portfolio after their investments. Top Investors include Canadian Imperial Bank of Commerce (4 companies) and Sri Harsha Majety (1 company).

Recent News related to Espresso Capital

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