Seed to Exit: Ontopical and SOVRA

Building a successful company is one challenge. Navigating a successful exit is another.

For this Seed to Exit session, InterGen is bringing together founders, investors, and ecosystem leaders for a candid conversation on what it really takes to build toward acquisition — starting with understanding the market you are operating in and the strategic choices that shape long-term outcomes.

This discussion will feature Clayton Feick, former CEO of Ontopical, who led the Calgary-based AI company through its acquisition by SOVRA, a KKR-backed GovTech platform. The conversation will be facilitated by Michael Grantmyre, Partner at Osler, who advised on the transaction, and will also include Arden Tse, an early Ontopical investor from Accelerate Funds, bringing the investor perspective on building companies that are positioned for strong outcomes.

Discussion themes will include:

  • Knowing the game you are playing — and how that shapes strategy from day one
  • Developing a deep understanding of the problem you are solving and the customers you serve
  • Understanding market dynamics and what separates incremental innovation from truly disruptive opportunities
  • How different types of capital shape company trajectory and decision-making
  • Making intentional leadership decisions as companies grow and evolve
  • The broader impact successful exits can have on the local innovation ecosystem

Designed for founders, operators, and investors, this session will offer a practical look at how companies position themselves for meaningful outcomes — and the strategic thinking required long before a transaction is on the table.

April 23, 2026 │ 7:00 - 9:00 AM MST
Roynat Capital
225 6 Ave SW, Suite 1700 

Register


Speakers:

Clayton Feick Headshot Styled

With leadership experience across banking, capital markets and govtech - Clayton is an entrepreneurial results-oriented executive, focused on the intersection between technology and markets. As President of the SOVRA Supplier business, Clayton is passionate about helping companies adopt new data & technology to make government procurement more transparent and efficient. Previously, as CEO of Ontopical, he was responsible for overall strategy and execution, before its acquisition by SOVRA & KKR in 2025.

Clayton has led growth teams at early-stage startups including Quandl (acquired by Nasdaq) as VP, Global Head of Sales; and Flinks (acquired by National Bank of Canada) as Chief Revenue Officer. He has also worked in senior business development roles at Thomson Reuters, managing relationships with the firm’s largest clients in its financial & risk business.

Although a Calgary-native, Clayton earned a Bachelor of Commerce, Finance and Economics at McMaster University. He also holds a Master in Business Administration from Ivey Business School, Western University.

Arden Tse Styled Website

Arden is an Edmonton-based investment professional who heads up the team that manages the Accelerate Funds II, III and IV, focusing on early-stage tech startups in Alberta. With more than 20 years of investment management experience in the private and public sector, Arden has been fortunate enough to cover multiple asset classes, from commercial real estate to public equities to venture capital.

He’s a well-known figure in the Alberta tech startup scene, where he’s always ready to provide mentorship, connections, and coaching to up-and-coming entrepreneurs. Arden’s diverse background in various asset classes gives him a unique view of the capital markets, helping him spot drivers of investment value. Arden loves the strategic side of business and thrives on the hands-on work of early-stage investing, enjoying the chance to collaborate closely with founders.

As a former business owner, Arden gets what it takes to turn an idea into reality and how operational strategies are tied to successful capital-raising strategies. He holds a Bachelor of Science and an MBA in Finance from the University of Alberta and is a graduate of the Certified Executive Coaching program at Royal Roads University.

 

About Ontopical and SOVRA

cropped-Ontopical-by-SOVRA-Logo-black

Ontopical
Based in Calgary, Ontopical Inc. is a specialized data and intelligence firm that leverages artificial intelligence to help companies discover and win government contracts. By deploying its proprietary AI copilot, Oliver, the company monitors thousands of North American municipalities, school boards, and transportation authorities—scanning unstructured data like meeting minutes, agendas, budgets, and videos. This technology allows businesses in sectors such as construction, engineering, and telecommunications to detect early signals of upcoming projects 6 to 12 months before an official RFP is even issued, providing a significant competitive advantage in the public sector procurement process. The company was acquired by SOVRA and private equity firm KKR in July 2025.
 
SOVRA
Owned by global investment firm KKR, SOVRA (formerly mdf commerce) is a leading North American provider of end-to-end public sector procurement software. The company operates a comprehensive digital ecosystem that connects over 7,000 government agencies with a network of more than one million verified suppliers, streamlining the entire "source-to-pay" lifecycle. By integrating AI-driven market intelligence—following its 2025 acquisition of Ontopical, SOVRA enables public entities to modernize solicitations along with contract & vendor management, while helping vendors identify and win government opportunities. Its mission focuses on driving transparency, efficiency, and cost savings in the public sector through a centralized platform designed to replace fragmented, manual procurement processes.