# Nulogy funding: rounds and investors

> Nulogy has raised $22M across 4 rounds since 2009. Investors include Tola Capital, SVB Capital and MaRS Investment Accelerator Fund.

Source: https://millionrounds.com/company/nulogy (Millionrounds; every figure on the page links to its filing or article)

Canada · [Venture startup](https://millionrounds.com/companies)

# Who invested in *Nulogy*

4 rounds we have observed, with the 6 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

Logistics Manufacturing SaaS Supply Chain

Funding summary Updated 26 Oct 2026

**$22M** raised across 4 rounds since 2009, from 4 sources

**$225K** Venture **$482K** Venture **$7.5M** Venture **$14M** Round

- **Latest round:** Round, $14M Aug 2016
- **Led by:** Tola Capital
- **Step-up i:** 1.9×
- **Investors:** 6 (1 led)

See who backed them

## The funding story

Each circle is a round, placed by date and sized by amount. The line above is the running total.

2009 2010 2011 2012 2013 2014 2015 2016

**$225K** Venture

**$482K** Venture

**$7.5M** Venture

**$14M** Round

- **First round:** Venture, $225K
- **Biggest round:** $14M
- **Usual gap between rounds:** 22 months

## The rounds

- **Aug 2016** Round **$14M** *1 new* [Tola Capital](https://millionrounds.com/fund/tola-capital) Lead Reported by BetaKit: funding
- **Oct 2014** Venture **$7.5M** *3 new* [SVB Capital](https://millionrounds.com/fund/svb-capital) [Red Sky Capital Management](https://millionrounds.com/fund/red-sky-capital-management) CI Fund Management Inc From a historical funding record
- **Jan 2010** Venture **$482K** *1 new* [Ontario Centres of Excellence](https://millionrounds.com/fund/ontario-centres-of-excellence) From a historical funding record
- **Jan 2009** Venture **$225K** *1 new* [MaRS Investment Accelerator Fund](https://millionrounds.com/fund/mars-investment-accelerator-fund) From a historical funding record

## Founders and team

From Nulogy's own website: 4 founders, 6 on the team.

**Bryan Sapot** Executive Vice President, Founder

**Jason Tham** Chief Innovation Officer, Founder

**Kevin Donaghy** Innovation Officer Quality & Compliance, Founder

**Sean Kirby** Distinguished Engineer, AI Innovation, Founder

- **Bill Ryan** Chief Executive Officer
- **Chris Castle** Vice President of Product
- **Jennifer Kiernan** Vice President of People & Culture
- **Mayya Makarem** Vice President of Sales
- **Anurag Garg** Chief Product Officer
- **Eric Graham** Chief Financial Officer

## Who was in which round

The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led.

**Venture** 2009 **Venture** 2010 **Venture** 2014 **Round** 2016 [Tola Capital](https://millionrounds.com/fund/tola-capital) L [SVB Capital](https://millionrounds.com/fund/svb-capital) [MaRS Investment Accelerator Fund](https://millionrounds.com/fund/mars-investment-accelerator-fund) [Ontario Centres of Excellence](https://millionrounds.com/fund/ontario-centres-of-excellence) [Red Sky Capital Management](https://millionrounds.com/fund/red-sky-capital-management) CI Fund Management Inc

## Everyone who backed them

[Tola Capital](https://millionrounds.com/fund/tola-capital) VC firm **1** round, led 1

[SVB Capital](https://millionrounds.com/fund/svb-capital) VC firm **1** round

[MaRS Investment Accelerator Fund](https://millionrounds.com/fund/mars-investment-accelerator-fund) VC firm **1** round

[Ontario Centres of Excellence](https://millionrounds.com/fund/ontario-centres-of-excellence) VC firm **1** round

[Red Sky Capital Management](https://millionrounds.com/fund/red-sky-capital-management) Investment firm **1** round

CI Fund Management Inc no record of our own yet **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=nulogy).

## Also claim to have backed them

This firm lists Nulogy as a portfolio company on their own website, but no report of a round names it. They are the firms' own claims, kept apart from the rounds above.

[Capital Innovators](https://millionrounds.com/fund/capital-innovators) Accelerator 2025, per its site

## Quick answers about Nulogy

### Who invested in Nulogy?

Nulogy's investors include Tola Capital, SVB Capital, MaRS Investment Accelerator Fund, Ontario Centres of Excellence and Red Sky Capital Management, and 1 more on record. Tola Capital led its latest round.

### How much has Nulogy raised?

Nulogy has raised $22M across 4 rounds since 2009.

### When did Nulogy last raise?

Nulogy's most recent round, $14M, was in Aug 2016, led by Tola Capital.

### What was Nulogy's biggest round?

Its most recent round, $14M in Aug 2016, is also its largest on record.

### Who backed Nulogy first?

Nulogy's first round on record, in Jan 2009, was backed by MaRS Investment Accelerator Fund.

### What stage is Nulogy at?

Nulogy's latest named round is a Venture, in Oct 2014.

### Where is Nulogy based?

Nulogy is based in Canada.

### Who led Nulogy's rounds?

Tola Capital led the funding round in 2016.

## Companies like Nulogy

In the same sector, and raised in the last eighteen months.

[**Quminex** $1.1M · Oct 2026](https://millionrounds.com/company/quminex)[**OSCP** Oct 2026](https://millionrounds.com/company/oscp)[**UniUni** $110M · Sept 2026](https://millionrounds.com/company/uniuni)[**Thri5** $5.4M · Sept 2026](https://millionrounds.com/company/thri5)[**CURA** $14M · Sept 2026](https://millionrounds.com/company/cura)[**East Coast Innovation** $550K · Jul 2026](https://millionrounds.com/company/east-coast-innovation)

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