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Bio
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 has yielded 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.
Location
Toronto, Ontario, Canada, North America
Social
Primary Organization
2012
765
192
58
101-250
Risk Management, CleanTech, Blockchain, Aerospace, Advanced Materials, Supply Chain Management, Retail Technology
Jobs history
1
Creative Destruction Lab (CDL)
Founding Partner and Associate
Invalid date - Current
Board and Advisor Roles
0
N/A
Invest in regions
Profile Resume
Dennis Bennie is the Founding Partner and Associate at Creative Destruction Lab (CDL), based in North America. With a background in Risk Management, Dennis Bennie has a rich history of leadership and innovation. Dennis Bennie studied CA Finance @ University of the Witwatersrand. Explore their detailed professional journey, key connections, and contributions to the industry on our platform.
Investment portfolio
4
1
Personal investment
4
Annouced Date | Organization Name | Funding Round | Money Raised |
---|---|---|---|
Apr 27, 2009 | Jodange | Seed Round - Jodange | 1.2M |
Aug 01, 2013 | Nymi | Seed Round - Nymi | 1.4M |
Apr 11, 2016 | Validere | Seed Round - Validere | 1.0M |
Apr 04, 2017 | Thriver | Seed Round - Thriver | 5.0M |
Partner investment
3
Annouced Date | Organization Name | Funding Round | Investor Name | Money Raised |
---|---|---|---|---|
Feb 15, 2019 | Figment | Seed Round - Figment | XDL Capital Group | 1.5M |
Oct 29, 2020 | Figment | Series A - Figment | XDL Capital Group | 2.5M |
Jul 17, 2023 | - | Convertible Note - MIMOSA Diagnostics | XDL Capital Group | 0 |
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