Dennis Bennie
Founder and Principal @ XDL Capital Group
Toronto, Canada
Dennis Bennie is a pioneer, entrepreneur and innovator in the Canadian technology industry. Over the past 20 years, Bennie's entrepreneurial management has powered Mission Electronics, Ingram Canada and Delrina. In 1997, he founded the XDL Venture Capital Fund, focusing on information technology opportunities. The $25 million fund hasyielded exceptional returns to date. One of its most noteworthy investments was a 1997 start-up, Delano Technology Corporation (NASD:DTEC). XDL Intervest, a $150 million fund was started in 1999 and is now fully invested. Bennie currently manages an experienced team investing in private equity opportunities as the XDL Capital Group. From 1988 to 1996, Mr. Bennie was CEO of Delrina Corporation, an independent software developer and publisher, which forged the new software categories of electronic forms and PC fax communications. Under Mr. Bennie's leadership, Delrina pioneered the development of PC fax software called WinFax and became a world leader in the communication software market with annual sales revenue exceeding $130 million. Listed on both the Toronto Stock Exchange and NASDAQ, Delrina cultivated a reputation for leadership, growth and profitability, and completed several public offerings. In November 1995, the company was successfully sold to Symantec Corporation for share consideration valued at $560 million. Mr. Bennie entered the world of technology in 1979, when he co-founded Mission Electronics. He drove the expansion of this leading British audio equipment manufacturer to become a dominant force in the high-end stereo market. In 1982 he sold his interest in Mission Electronics and founded Aviva Software, an independent, mass-market software developer. Under his direction, the company expanded its scope to include software distribution and merged with Ingram Micro Inc. in 1986 to become Canada's largest software distributor. Residing in Toronto, Canada, with his wife Laura and three daughters, Dennis is an avid golfer and runner. A member of the World President's Organization, he also regularly serves on various charitable boards including the Toronto Hospital Board.
- Total investments:
- 12
- Last investment:
- Lead investor:
- 0%
Last updated:
For AI agents: llms.txt
Industries Dennis Bennie invests in
Stages Dennis Bennie invests in
Countries Dennis Bennie invests in
Round sizes
Round size
- Seed
- $731k–$15M
- Pre-Seed
- $20k–$4.1M
Investment Focus
Industry
- Software 3 (25%)
- Hardware 2 (17%)
- Health Care 2 (17%)
- Internet of Things 2 (17%)
- Artificial Intelligence 2 (17%)
Stage
- Seed 7 (58%)
- Pre-Seed 2 (17%)
- Series A 1 (8%)
- Convertible Note 1 (8%)
Country
- Canada 7 (58%)
- United States 2 (17%)
Investments
| Company | Description | Round | Links |
|---|---|---|---|
MIMOSA Diagnostics
|
MIMOSA Diagnostics is the maker of the MIMOSA Pro, a handheld device that uses near-infrared light to accurately and non-invasively assess tissue health. It can be easily used by a patient or a caregiver, and the images produced will help inform the next steps within patient navigation and management | Convertible Note / Jul 17, 2023 | |
Figment
|
Figment offers institutional-grade staking solutions for established and emerging Proof-of-Stake protocols, allowing users to earn rewards and secure digital assets. The company provides resources for staking with protocols like Ethereum, Solana, and Polkadot, featuring security and validator performance monitoring. Figment delivers staking APIs,rewards reporting tools, and on-chain data sets for asset managers and exchanges. | $2.5M / Seed / Oct 29, 2020 | |
|
Figment
|
Figment offers institutional-grade staking solutions for established and emerging Proof-of-Stake protocols, allowing users to earn rewards and secure digital assets. The company provides resources for staking with protocols like Ethereum, Solana, and Polkadot, featuring security and validator performance monitoring. Figment delivers staking APIs,rewards reporting tools, and on-chain data sets for asset managers and exchanges. | $2.5M / Series A / Oct 29, 2020 | |
Delphia
|
Delphia is building the world's first investment adviser that allows people to invest their data alongside their money in order to improve their investment returns. Delphia is able to forecast the growth and profitability for thousands of companies simultaneously through a series of machine learning models. When Delphia's modeldisagrees with the market, we adjust the weights of our diversified equity portfolio to reflect the confidence we have in our predictions. | $15.4M / Seed / Dec 04, 2019 | |
|
Figment
|
Figment offers institutional-grade staking solutions for established and emerging Proof-of-Stake protocols, allowing users to earn rewards and secure digital assets. The company provides resources for staking with protocols like Ethereum, Solana, and Polkadot, featuring security and validator performance monitoring. Figment delivers staking APIs,rewards reporting tools, and on-chain data sets for asset managers and exchanges. | $1.4M / Seed / Feb 15, 2019 | |
|
Delphia
|
Delphia is building the world's first investment adviser that allows people to invest their data alongside their money in order to improve their investment returns. Delphia is able to forecast the growth and profitability for thousands of companies simultaneously through a series of machine learning models. When Delphia's modeldisagrees with the market, we adjust the weights of our diversified equity portfolio to reflect the confidence we have in our predictions. | $4.1M / Pre-Seed / Jun 13, 2018 | |
Tread
|
Tread is a platform for managing construction equipment services. Tread allows contractors, brokers, and operators to interact as if they’re in the same fleet. | $20K / Pre-Seed / Jan 13, 2018 | |
Thriver
|
Thriver is a food and culture platform that enables workplace culture programs that engage employees. The platform also enables the company to create new workplace programs around wellness, education, and teambuilding, as well as double down on research and development, and marketing functions. They fuel workplaces with an enterprise platform thatcurates food and experiences, tracks related spending, and gathers valuable employee feedback.Thriver was founded in 2015 and is headquartered in Toronto, Ontario, Canada. | $5M / Seed / Apr 04, 2017 | |
Validere
|
Validere is a measurement, reporting, and verification (MRV) SaaS company that helps energy organizations transform disconnected, incomplete emissions data into clear and immediately actionable pathways to financial and environmental value. Modernize your carbon tracking and reporting with an emissions management platform built by industry experts. | $1M / Seed / Apr 11, 2016 | |
Nymi
|
Nymi is leading the way towards true digital transformation by creating Workplace Wearables that integrate humans with their digital network in a manner that is safe, secure, and simple. Our leading-edge connected worker platform delivers humancentric applications for worker health and safety, enterprise security, data integrity, compliance, andincreased productivity--even in the most challenging environments.We're also a great place to work. Nymi is a winner of the Best Workplaces in Canada 2019 - Less Than 100 Employees. | $1.4M / Seed / Aug 01, 2013 | |
| See all 12 investments → | |||
Co-Investors
About XDL Capital Group
XDL is a Ontario-based private equity investor that invests in technology companies. Since 1996 we have supported entrepreneurs building technology related companies in new and growing business sectors. XDL is primarily a private equity investor. They invest their own monies, uniting their interests with each investee. They provide focusedattention on their investments, sharing experience, networks and knowledge to help the entrepreneurs grow and prosper.
XDL Capital Group Contacts
| Name | Phone | Socials | |
|---|---|---|---|
David Latner
Director and Officer
|
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Dennis Bennie
Founder and Principal
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3 more contacts available
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FAQ
What does Dennis Bennie invest in?
Dennis Bennie invests primarily in Software, Hardware and Health Care startups, most often at Seed and Pre-Seed stage. Most of the 12 investments tracked by Shizune back companies in Canada. The Investment Focus section breaks down every industry, stage and country in the portfolio.
What is Dennis Bennie's check size?
Dennis Bennie typically joins rounds of $731k–$15M at Seed and $20k–$4.1M at Pre-Seed. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds Dennis Bennie participates in.
When did Dennis Bennie last invest?
The most recent investment recorded for Dennis Bennie closed in Jul 2023. Shizune tracks 12 investments in total for this profile, including round sizes, stages and portfolio companies, all sourced from confirmed public funding rounds and refreshed monthly.
Is Shizune's investor data accurate?
Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.
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