The Sudbury Catalyst Fund (SCF), a seed capital venture fund based in the City of Greater Sudbury, is pleased to announce the closing of a $220,000 investment in REPerformance. This emerging Sudbury-based start-up has deployed an all-in-one physical education management system to support educators, coaches, and administrators in delivering and managing customized wellness and training programs to students around the world.
"REPerformance has combined a unique business model and software platform with an invaluable big data / AI opportunity to not only support the well-being of students but also transform how we identify and nurture sport potential," says Don Duval, Sudbury Catalyst Fund co-managing partner and NORCAT CEO. "We are excited with the exceptional leadership of Callen McGibbon and the continued growth of REPerformance in the marketplace."
"We are grateful to have access to investment opportunities in Northern Ontario. The support we have received from NORCAT and the Sudbury Catalyst Fund has been incredible and instrumental in gaining traction in our market," says Callen McGibbon, REPerformance co-founder and CEO. "The investment from our local investors alongside the investment from the Sudbury Catalyst Fund enables REPerformance to continue to scale in our targeted markets, expand our research and development team, and begin commercial viability research in international markets."
Part of REPerformance’s mandate is to ensure every teacher, coach, and instructor has a tool to enhance and manage the physical education experience of students and / or trainees. Its proprietary AI engine builds custom workouts to suit every student's needs, uses machine learning code to develop them at their own pace, and provides resources on all aspects of wellness so teachers can extend physical education past the classroom.
REPerformance has also attracted the attention of the global tech community and was selected to participate in the Canadian Technology Accelerator – Digital Silicon Valley Fall 2021 cohort. The program provides an entry point to Canadian enterprise software firms looking to expand their business through strategic partnerships in the United States.
"The Sudbury Catalyst Fund is focused on investing in high potential Northern Ontario tech ventures to accelerate their growth. Companies like REPerformance are driving change in the physical education system, and we are excited to support their venture and see them grow," says Rainer Paull, Sudbury Catalyst co-managing partner and Executive Director of Nickel Basin Federal Development Corporation.
ABOUT THE SUDBURY CATALYST FUND
The Sudbury Catalyst Fund is a unique $5 million seed capital venture fund administered by the Nickel Basin Federal Development Corporation in collaboration with the City of Greater Sudbury, FedNor, and NORCAT. For more information, visit norcat.org/innovation/sudbury-catalyst-fund.html or nickelbasin.ca.
Media Contact: Keltie Melanson, Digital Marketing Specialist| NORCAT | (705) 521-8324 ext. 281 | email@example.com