mcrock nov 16 2015 the dark moments before success

The dark moments before success – believe in the inch

November marks the one-year anniversary of that desperate moment that proceeds success. Only hindsight makes this statement true as failure is also proceeded by the same desperate moment. It was a time where hope was challenged, success was no longer on the horizon, yet we kept holding on. We didn’t quit.

People ask me how we did it. How did we hold on when others started to give up on us? I found it fascinating that some people appeared to get a perverse sense of comfort from watching us struggle. I also found eternal gratefulness to those who guided us and stood beside us during those challenging days.

But when it came down to it, it was really about every relentless inch. We had no idea if the things we tried would move us closer to success or perhaps take us backwards. We just knew one thing – we had to wake up every day and do something. The small things added up and were manageable to action. Those inches demonstrated to ourselves, and the people we needed to reach, that we were relentless. We weren’t going away.

My co-founder would always tell me that we could do 10 more push-ups. And we did. He would always have these crazy ass creative ideas that would immediately send me into exhaustion but I knew he was brilliant and, if I executed on his ideas, we would get one more inch closer.

One of our favourite rituals that I enjoy sharing is that we would toast our week’s accomplishments every Friday late in the afternoon over chicken wings and beer at our neighbourhood pub. Some weeks we had awesome things to celebrate while other times we simply celebrated the fact that we cycled our butts into the office through rain and snow. Reminding ourselves of every little inch and ending the week on a positive note was nothing short of powerful. It was a recipe for success.

We believed, never gave up and hustled for every inch. So here we are today…one year on and life is pretty okay.

​Author: Whitney Rockley, Co-founders & Managing Partner, McRock Capital

mcrock backs fog computing biometrics invixium

McRock Backs Fog Computing Biometrics Company Invixium

Toronto, Ontario–(Oct 27, 2015) – McRock iNFund LP, an Industrial Internet of Things (IIoT) venture  capital fund managed by McRock Capital, announced today it has led the $4 million Series A financing in  Toronto-based Invixium. The company is a world leader in advanced biometric security products which  provide the highest level of physical access security at enterprises and industrial facilities through Internet  connected edge computing solutions. Since Invixium’s inception three years ago, the company has sold  over 3,500 products to government and blue chip industrial companies with rugged security requirements  in the Middle East, North Africa, India and North America.  

“We are experiencing a shift towards advanced, elegant and robust biometric authentication solutions  due to the inherent security limitations and complexities of traditional authentication methods”, said  Shiraz Kapadia, Founder and CEO at Invixium. “Our biometric security solutions go beyond traditional  devices in that we enable integrators and end users to customize their applications using our embedded  Android kit and comprehensive SDKs”.  

“Invixium’s sophisticated solution enables edge computing while maintaining the highest level of security  and convenience”, stated Scott MacDonald, Co-founder and Managing Partner at McRock. “Invixium’s  solution is highly scalable and easily transferrable to a variety of markets due to its meticulous design,  intuitive user interface and powerful on-device processing power.” 

As part of this financing, Scott MacDonald and Whitney Rockley, Co-founders of McRock Capital, will join  the Invixium Board of Directors.  

About Invixium – Headquartered in Toronto, Ontario, with a presence in India, UK and US, Invixium is a  biometric solutions company that is intensely passionate about delivering Internet connected edge  computing solutions that are elegant, robust and simple to use. Focused on industrial/enterprise access  control, time & attendance and the smart home market, Invixium offers next generation, exquisitely  designed, high quality products and services that are differentiated through its advanced algorithms, 

smart engineering and flexible architecture. Invixium products are proudly Made in Canada. Visit  invixium.com or follow us on twitter @Invixium and facebook. 

About McRock Capital – McRock is the first dedicated Industrial Internet of Things (IIoT) venture capital  fund focused on the intersection of sensors & software in large industrial markets. The McRock Team has  a unique background of building high-growth venture-backed IIoT companies while also having worked in  the power, water and oil & gas industries. The fund is backed by large institutional investors as well as  Cisco Systems and Électricité de France (EDF). For more, visit www.mcrockcapital.com or follow us on  twitter @McRockCapital.

mcrock backs fog computing biometrics invixium

McRock Wraps Up Fundraising with HarbourVest

Toronto, Ontario–(August 28, 2015) – McRock iNFund LP, an Industrial Internet of Things (IIoT) venture  capital fund managed by McRock Capital, is pleased to announce that it has held a final fund closing on  just over $65 million, the top end of its target. McRock, which seeks to back early-stage revenue generating companies focused on the IIoT sector, closed out the fund with a commitment from the  Harbourvest Canada Growth Fund, managed by global private markets giant HarbourVest Partners. The  HarbourVest fund joins McRock backers Alberta Enterprise Corporation, BDC Capital, Cisco Investments,  Export Development Canada, Électricité de France (EDF), Kensington Venture Fund, L.P., Teralys Capital  Innovation LP and a number of high-profile individuals including Marzio Pozzuoli, the founder and former 

CEO of RuggedCom. 

“McRock is a great example of an emerging breed of Canadian venture managers who are thought leaders in their domain of expertise, in this case in the Industrial Internet of Things, not only in Canada but at a  global level,” said Senia Rapisarda, Principal of the HarbourVest fund. “This domain expertise and global  network is vital for connecting early stage companies with large, global industrial players.” 

“We are incredibly excited to have attracted and partnered with HarbourVest Partners, which is hands down the global leader in the VC asset class,” said Whitney Rockley, Co-founder and Managing Partner of  McRock Capital. “Being part of the HarbourVest family of VC funds, will bring significant value and co investment opportunities to McRock’s portfolio companies and adds yet another leading global investor  to our fund.” 

McRock is targeting initial investments of between $2 million and 4 million, and recently invested in data  analytics firm mnubo and RtTech Software, a software app maker that gathers operational intelligence for  industrial facilities.

About McRock Capital 

McRock is a leading Industrial Internet of Things (IIoT) venture capital fund focused on the intersection of  sensors & software in large industrial markets. The McRock Team has a unique background of building  high-growth venture-backed IIoT companies while also having worked in the power, water and oil & gas  industries. The fund is backed by large institutional investors and has strategic relationships with Cisco  Systems and Électricité de France (EDF). McRock invests across Canada and the U.S. in grid automation,  digital oilfield, advanced manufacturing and smart city markets. For more, visit www.mcrockcapital.com or follow us on Twitter @McRockCapital 

About HarbourVest Partners 

HarbourVest Partners, LLC is an independent private markets specialist, providing investment programs  and customized solutions focused on venture capital, buyout, mezzanine debt, credit, and real assets  through primary fund investments, secondary purchases, and direct co-investments. HarbourVest has  more than 300 employees, including 80 investment professionals, deployed in Asia, Canada, Europe, Latin  America, and the United States. In more than 30 years of investing in private equity, the team has  committed more than $25 billion to newly-formed funds, completed over $11 billion in secondary  purchases, and invested $4 billion directly in operating companies. The firm’s clients include pension  funds, endowments, foundations, and financial institutions around the globe. In April 2015, HarbourVest  announced that it was continuing its global expansion with the establishment of a Toronto location and  the appointment of Senia Rapisarda as a Principal to focus on partnerships and direct co-investments in  Canada. For more, visit www.harbourvest.com

mcrock backs fog computing biometrics invixium

Électricité de France (EDF) Invests in McRock IIoT Fund

Toronto, Ontario–(July 6, 2015) – McRock iNFund LP, an Industrial Internet of Things (IIoT) venture capital  fund managed by McRock Capital, is pleased to announce that it has added Électricité de France (EDF) Group, one of the world’s leading electric utilities, as an investor. McRock iNFund announced previous closings with investments from Alberta Enterprise Corporation, BDC Capital, Cisco Investments, Export  Development Canada, Kensington Venture Fund, L.P. and Teralys Capital Innovation LP. 

McRock has now added EDF to the fund’s corporate relationships alongside of Cisco Systems, the  worldwide leader in IT networking. EDF reported revenue of €72.9 billion in 2014 with 38.5 million  customers around the world. “Given EDF’s global footprint, strong focus on innovation and interest in the  IIoT, EDF is a very attractive innovation partner and potential customer for McRock’s growing portfolio of  IIoT companies,” said Scott MacDonald, Co-founder and Managing Partner of McRock Capital. “The power  sector is a significant market for IIoT solutions that drive asset optimization and improves power reliability  and overall customer experience.” 

“We are happy to develop this partnership with McRock’s experienced team. Its exclusive focus in the IIoT  sector will provide EDF Group with a unique source of collaboration opportunities between innovative  start-ups and EDF business lines from power generation to electricity transmission. It will also constitute an effective platform to test the most recent IIoT innovations that could improve energy usages of our  industrial customers” said François-Xavier Roussel, Senior Vice President Performance & Innovation. 

Jean-Claude Laroche Chief Information Officer at EDF Group declared “Exploring upcoming innovations in  the digitalisation space is a great challenge for utilities. This partnership with McRock Capital represents  a fantastic Open Innovation initiative to support innovative IIoT companies and operational  implementation of their solutions within EDF Group“ 

About McRock Capital 

McRock is a leading Industrial Internet of Things (IIoT) venture capital fund focused on the intersection of  sensors & software in large industrial markets. The McRock Team has a unique background of building  high-growth venture-backed IIoT companies while also having worked in the power, water and oil & gas  industries. The fund is backed by large institutional investors and has strategic relationships with Cisco  Systems and Électricité de France (EDF). McRock invests across Canada and the U.S. in grid automation,  digital oilfield, advanced manufacturing and smart city markets. For more, visit www.mcrockcapital.com or follow us on twitter @McRockCapital 

About EDF Group 

EDF, one of the leaders in the European energy market, is an integrated energy company active in all areas  of the business: generation, transmission, distribution, energy supply and trading. The Group is the leading  electricity producer in Europe. In France, it has mainly nuclear and hydropower generation facilities where 97.6% of the electricity output is CO2-free. EDF’s transmission and distribution subsidiaries in France  operate 1,285,000 km of low and medium voltage overhead and underground electricity lines and around  100,000 km of high and very high voltage networks. The Group is involved in supplying energy and services  to approximately 38.5 million customers, of which 28.3 million are in France. The Group generated  consolidated sales of €72.9 billion in 2014, of which 45.2% was outside of France. EDF is listed on the Paris  Stock Exchange and is a member of the CAC 40 index. For more information, visit www.edf.com

mcrock backs fog computing biometrics invixium

McRock Backs IoT Data Analytics Company mnubo

Toronto, Ontario–(May 14, 2015) – McRock iNFund LP, an Industrial Internet of Things (IIoT) venture  capital fund managed by McRock Capital, announced today its participation in the $6 million Series A  financing of mnubo, the Internet of Things (IoT) Data Analytics Startup, alongside of White Star Capital. 

Over the past year, mnubo has seen an increase of over 400% in the number of connected objects on its  platform, and now counts customers across North America, Europe and Asia. These manufacturers are  using the SmartObjects™ service to ingest, organize, clean and enrich their sensor data, and integrate  the real-time insights and predictions into applications and business processes. 

“Back in 2012, mnubo was a precursor in Data Analytics built specifically for the IoT. Nowadays, it has  become clear to the entire industry that the real business value from the IoT is about transforming the  raw sensor data into actionable insights”, said Frederic Bastien, co-founder and CEO at mnubo. “We are  extremely pleased to welcome McRock Capital as a strategic partner. With their vast experience in the  Industrial IoT markets and their global networks, mnubo is now ideally positioned to grab an impressive  share of both the Consumer and Industrial IoT Analytics markets”. 

“mnubo has developed a scalable IoT analytics service that is suitable for industrial devices and  machines. The unique ability to identify patterns and extract intelligence from equipment’s data is a  breakthrough and will drive significant cost savings and operational efficiency”, stated Whitney Rockley,  co-founder and Managing Partner at McRock. “Their sophisticated data science will have a profound  impact on industrial markets as companies learn from sensor data, understand business outcomes  better and ultimately gain huge competitive advantages”.

As part of this financing, Whitney Rockley, Co-founder of McRock Capital, will join the mnubo Board of  Directors.  

About mnubo – mnubo makes the IoT smarter. mnubo provides Big Data and Analytics for the IoT – transforming ‘connected things’ into ‘smart objects’. Its focus is to help extract true value from sensor  data by delivering advanced real-time analytics, strategic insights, predictions and enabling richer  applications. mnubo offers a SaaS solution to connected object manufacturers and other IoT players to  ingest, enrich and analyze their object data. mnubo’s services benefit customers in wearables, home,  automotive and industrial environments. For more, visit www.mnubo.com or follow us on twitter  @mnubo  

About McRock Capital – McRock is the first dedicated Industrial Internet of Things (IIoT) venture capital  fund focused on the intersection of sensors & software in large industrial markets. The McRock Team  has a unique background of building high-growth venture-backed IIoT companies while also having  worked in the power, water and oil & gas industries. The fund is backed by large institutional investors  and Cisco Systems. McRock invests across Canada and the US in grid automation, digital oilfield,  advanced manufacturing and smart city markets. For more, visit www.mcrockcapital.com or follow us  on twitter @McRockCapital