Mo Bazazi

Mo joined the Fund in January 2016 as an Associate having completed a six-month internship and has been deeply involved in all of the transactions executed by First Ascent Ventures Fund I. Mo has experience in sourcing, valuation, financial analysis, due diligence and fund reporting and serves as a board observer for ThinkData. He also provides in depth partner support on Sensibill, Rubikloud, Rock Content and Q4 Inc.

Mo has a diverse background both in startups and early stage investments as well as in operational roles, in the UK and Canada. Prior to joining FAV, Mo worked as a consultant with MD Homecall (acquired by NDHS), a Toronto based healthcare startup advising on their operations and strategy.

Mo was a committee member on the Saïd Business School (SBS) Seed Fund at the University of Oxford, where he oversaw catalytic investments in ‘edtech’, ‘fintech’ and consumer music apps. He also managed due diligence, deal flow and deal structuring, as well as advising portfolio companies (Onfido, ACE, Massolit and TIGMUS) at the board level.

Prior to moving to Canada in 2015, Mo worked as an Analyst at London based Cloisters Ventures, a boutique venture capital fund using the UK SEIS scheme to help investors deploy capital tax efficiently. He structured and managed a £5m investment round in Chillingham Classics, conducted financial due diligence and managed investor relations.

As an entrepreneur, Mo founded Call Link Telecommunications, which he grew into the largest carrier of voice traffic to Iran from Europe. During his time as an Analyst for the Aim Image Camera Company, he also produced several films and promos, including ‘Slums, Drums and Capoeira’, a feature documentary about Brazilian dance in the worst slums of Rio. His work has won a Special Jury Prize at the prestigious Karlovy Vary Film Festival as well as a Royal Television Society Award.

Mo also engages in charity work, and has volunteered as a Fund Development Committee Member at Black CAP, a Toronto based NGO tasked with helping black and ethnic minorities dealing with HIV/AIDS. He currently serves as the president of the Oxford Business Alumni (OBA) Chapter of Toronto.

Mo has a BA in Biological Science and an MBA, both from the University of Oxford.


Prior Exits

  • Rubikloud Technologies (exit to Kinaxis)


OTTAWA, ON, June 15, 2020 – Kinaxis® Inc. (TSX: KXS), the authority in driving agility for fast, confident decision-making in an unpredictable world, has signed a definitive agreement to acquire Toronto-based Rubikloud, a disruptive, emerging provider of AI solutions that automate supply chain prescriptive analytics and decision-making in the retail and consumer packaged goods (CPG) industries.

Globally-recognized retailers and CPG manufacturers in the health and beauty, household and grocery segments use Rubikloud’s AI-based products today. Their offerings include demand forecasting and automation to manage and optimize trade promotions, pricing and assortment to drive product demand and dramatically improve financial results. Kinaxis will enhance RapidResponse’s demand planning capabilities with the Rubikloud offerings, anticipating initial opportunities in the company’s rapidly-growing CPG customer base and over time for other industries such as life sciences. The acquisition also offers Kinaxis a springboard into the enterprise retail industry.

“Rubikloud has capabilities and value that we can offer our CPG customers today, leads us into the retail industry with some bellwether accounts, and adds a group of approximately 80 people to an already-impressive AI and machine learning (ML) team here at Kinaxis. Over time, this enhanced group will contribute to new and existing AI-powered capabilities across the full Kinaxis RapidResponse® platform and applications,” said John Sicard, President and CEO of Kinaxis. “This acquisition reflects the growing importance of AI and ML to power intelligent automation and augment human decision-making to better deliver on customer promises, remove waste and increase resiliency for effective risk management.”

Rubikloud’s SaaS-based ML offerings empower retail and CPG manufacturers to transform their core operations by improving and automating complex, profit-generating decisions. Rubikloud’s proven AI capabilities and intuitive tools enable users to leverage disparate data sources to improve forecast accuracy, site-level allocations, inventory availability and promotion plans by allowing users to run boundless simulations in real time.

“We founded Rubikloud with the belief that purpose-built AI could be used to solve some of the most complex industry problems and we have spent the last seven years building a fantastic product that receives validation from global customers every day,” said Kerry Liu, CEO, Rubikloud. “We’re excited at the prospect of joining Kinaxis, which helps us bring our innovations to a much broader customer base at a faster pace than on our own. Not only that, being two strong Canadian companies we see great cultural synergy and look forward to working on the complex problems we know RapidResponse and concurrent planning can solve for customers.”

Terms of Agreement
Kinaxis will acquire Rubikloud for US$60 million in an all-cash transaction that is expected to close within 60 days. Based on Rubikloud’s current revenue and expense profile, the company’s fiscal 2020 revenue and Adjusted EBITDA guidance, as reiterated in its May 6, 2020 news release, remains unchanged. The transaction is subject to customary closing conditions.

About Kinaxis Inc. 
Everyday volatility and uncertainty demand quick action. Kinaxis® delivers the agility to make fast, confident decisions across integrated business planning and the digital supply chain. People can plan better, live better and change the world. Trusted by innovative brands, we combine human intelligence with AI and concurrent planning to help companies plan for any future, monitor risks and opportunities and respond at the pace of change. Powered by an extensible, cloud-based platform, Kinaxis delivers industry-proven applications so everyone can know sooner, act faster and remove waste. For more Kinaxis news, follow us on LinkedIn or Twitter.