# Primaxis Technology Ventures

> Primaxis Technology Ventures is a VC fund in Toronto backing Software and VoIP. See 7 investments, check sizes, portfolio. Updated Aug 2026.

- Type: VC Fund
- Location: Toronto, Canada
- Total investments: 7
- Last investment: Nov 2006
- Lead investor: 0%
- Last updated: Aug 2026

Primaxis Technology Ventures is a VC fund in Toronto focused on Software and VoIP. Primaxis is an early stage Venture Capital fund. They invest in leading-edge opportunities in the physical and engineering sciences. They work in close partnership with technology inventors and entrepreneurs to build high growth companies. The Primaxis team includes entrepreneurs, scientists and engineers, and business executives, who bring sectorexpertise, broad operational experience and vision to their partner companies. They work with company founders to build value in fundamental and strategic areas such as technology development, intellectual property management, business development, human resources and corporate governance.

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Software | 2 | 29% |
| VoIP | 1 | 14% |
| Mobile | 1 | 14% |
| Internet | 1 | 14% |
| Cloud Computing | 1 | 14% |

7 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Series C | 2 | 29% |
| Series A | 1 | 14% |
| Series B | 1 | 14% |
| Funding Round | 1 | 14% |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Natural Convergence | Natural Convergence, Inc. supplies hosted voice over Internet protocol (VoIP) software for service providers supporting the small business market. The company develops and markets silhouette, a VoIP hosted software for telecom carriers and service providers. It offers services ranging from customizable training, professional services, projectmanagement, starter bundle selections, and a channel program. The company serves customers in Canada, the United States, the United Kingdom, the Netherlands, and the Caribbean. Natural Convergence, Inc. was founded in 2001 and is headquartered in Ottawa, Canada. | $10M | Series C | Nov 21, 2006 |  |
| Spotwave Wireless | Spotwave provides carrier-approved, indoor wireless coverage solutions; giving you reliable, "always-on" wireless coverage indoors. They offer wireless carriers and enterprise customers a simple, affordable, effective way to ensure wireless devices have great coverage indoors, where they are used the most. The benefits of Spotwave'sproducts for both their enterprise and business customers, and for carriers are clear. | $10M |  | Jan 17, 2006 |  |
| BTI Systems | BTI delivers solutions that transform the economics, performance and innovation of global networks through intelligent networking software and systems. Leading content, cloud and service providers choose BTI to drive improved operational efficiencies and profitably deliver high-value services to businesses and consumers around the globe. With morethan 380 customers, BTI is headquartered in North America, and operates regional sales, marketing, and R&D centers of excellence throughout the world. | $16.4M | Series C | Jan 05, 2006 |  |
| Meriton Networks | As of April 4, 2008, Meriton Networks, Inc. was acquired by Xtera Communications, Inc. Meriton Networks, Inc. offers optical networking products. Its products include carrier ethernet transport, an architecture based on wavelength networking; 3300 OSM, an optical services multiplexer; 6400 OTP, an optical transport platform; 5400 OTP, an opticaltransport platform, which provides a multi-service transport solution for network applications that do not require the high drop capacity of the full-featured 6400 OTP; 7200 OSP, an optical switching platform used for consolidating optical transport capabilities within a single network element; and 9500 NPT, a network planning tool that helps in the design and planning of optical networks. The company also offers network management software, amplifiers, and accessories. It also offers technical assistance, hardware replacement, implementation, network health check, training, and network optimization services. The company's products are used in research and education, as well as by telecom service providers, cable operators, and enterprises. It has operations in Canada, the United States, Europe, the Asia Pacific, and Central/Latin America. Meriton Networks, Inc. was formerly known as Edgeflow, Inc. and changed its name to Meriton Networks, Inc. in November 2001. Meriton Networks, Inc. was founded in 2000 and is based in Ottawa, Canada. | $54M | Series C | Jun 27, 2005 |  |
| Meriton Networks | As of April 4, 2008, Meriton Networks, Inc. was acquired by Xtera Communications, Inc. Meriton Networks, Inc. offers optical networking products. Its products include carrier ethernet transport, an architecture based on wavelength networking; 3300 OSM, an optical services multiplexer; 6400 OTP, an optical transport platform; 5400 OTP, an opticaltransport platform, which provides a multi-service transport solution for network applications that do not require the high drop capacity of the full-featured 6400 OTP; 7200 OSP, an optical switching platform used for consolidating optical transport capabilities within a single network element; and 9500 NPT, a network planning tool that helps in the design and planning of optical networks. The company also offers network management software, amplifiers, and accessories. It also offers technical assistance, hardware replacement, implementation, network health check, training, and network optimization services. The company's products are used in research and education, as well as by telecom service providers, cable operators, and enterprises. It has operations in Canada, the United States, Europe, the Asia Pacific, and Central/Latin America. Meriton Networks, Inc. was formerly known as Edgeflow, Inc. and changed its name to Meriton Networks, Inc. in November 2001. Meriton Networks, Inc. was founded in 2000 and is based in Ottawa, Canada. |  | Series B | Dec 23, 2004 |  |
| Natural Convergence | Natural Convergence, Inc. supplies hosted voice over Internet protocol (VoIP) software for service providers supporting the small business market. The company develops and markets silhouette, a VoIP hosted software for telecom carriers and service providers. It offers services ranging from customizable training, professional services, projectmanagement, starter bundle selections, and a channel program. The company serves customers in Canada, the United States, the United Kingdom, the Netherlands, and the Caribbean. Natural Convergence, Inc. was founded in 2001 and is headquartered in Ottawa, Canada. | $8.8M | Series B | Aug 06, 2004 |  |
| Natural Convergence | Natural Convergence, Inc. supplies hosted voice over Internet protocol (VoIP) software for service providers supporting the small business market. The company develops and markets silhouette, a VoIP hosted software for telecom carriers and service providers. It offers services ranging from customizable training, professional services, projectmanagement, starter bundle selections, and a channel program. The company serves customers in Canada, the United States, the United Kingdom, the Netherlands, and the Caribbean. Natural Convergence, Inc. was founded in 2001 and is headquartered in Ottawa, Canada. | $6.8M | Series A | Jul 17, 2002 |  |

7 of 7 investments shown.

## Co-investors
- [BDC Venture Capital](https://shizune.co/investors/profile/bdc-venture-capital) — VC Fund, 4 deals together
- [Desjardins Venture Capital](https://shizune.co/investors/profile/desjardins-venture-capital) — VC Fund, 4 deals together
- [VenGrowth Asset Management](https://shizune.co/investors/profile/vengrowth-asset-management) — VC Fund, 4 deals together
- Jefferson Partners — VC Fund, 3 deals together
- [Newbury Ventures](https://shizune.co/investors/profile/newbury-ventures) — VC Fund, 3 deals together
- [Purple Angel](https://shizune.co/investors/profile/purple-angel) — VC Fund, 3 deals together

## Similar investors

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- [Sequoia Capital](https://shizune.co/investors/profile/sequoia-capital) — VC Fund
- [New Enterprise Associates](https://shizune.co/investors/profile/new-enterprise-associates) — VC Fund
- [Bessemer Venture Partners](https://shizune.co/investors/profile/bessemer-venture-partners) — VC Fund

## FAQ

### What does Primaxis Technology Ventures invest in?

Primaxis Technology Ventures invests primarily in Software, VoIP and Mobile startups, most often at Series C and Series A stage. Most of the 7 investments tracked by Shizune back companies in Canada. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### When did Primaxis Technology Ventures last invest?

The most recent investment recorded for Primaxis Technology Ventures closed in Nov 2006. Shizune tracks 7 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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