Investment Portfolio

Pet Care

In Canada in 2020 there were 27.9 million pets, close to 60% of which were dogs and cats. More than 63% of Canadians owned pets at that time. The pandemic brought a surge  in pet ownership of around 18%. This trend is likely to continue given that statistics have shown that millennials are the most likely generation to own pets.

The market for pet care services in North America was estimated to be worthUSD 103 billion in 2020 with growth expected to be at a CAGR of 3.1% between 2021 to 2027. In an article published by American Pet Products Association,Americans spent USD 70 billion on their pets, out of which USD 6 billion was on pet care services such as grooming or boarding. This number grew to USD 95 billion in 2019 demonstrating people’s increasing ability and willingness to spend significant amounts on their pets welfare.

Joanne and her husband, Dean, founded Who Let The Dogs Out in 2009 as a dog walking service, quickly transforming it into one of the premier dog daycare businesses in Port Moody, British Columbia, Canada. Recognizing its potential, Lynn Growth Partners acquired a 75% stake in the business, with Joanne remaining a key partner and manager. Joanne later made the difficult decision to step away for health reasons, selling her remaining shares to Lynn and resulting in us taking full ownership of the company. Today, the business offers specialized daycare and boarding services for small dog breeds, working in collaboration with trainers, dental hygienists, and groomers to provide a comprehensive suite of services that meet the diverse needs of dog owners.

 

This dog daycare business has a long-standing presence in Burnaby, British Columbia, Canada, operating under various names over the years. Prior to Lynn’s involvement, the previous owners had expanded the business to two locations but were forced to close one due to lease-related challenges. In 2022, Lynn Growth Partners, along with a minority partner, acquired 100% of the business assets from the two owners.

Upon taking ownership, Lynn Growth Partners implemented key operational improvements, streamlining processes and enhancing service offerings. The business now operates from a single location in Burnaby, where it provides an expanded range of services, including daycare, boarding, grooming, and dental hygiene. These operational upgrades have positioned the business for sustained growth and improved customer satisfaction.

 

Wag’n’Woof was founded in New Westminster, British Columbia, Canada, by a dedicated husband and wife team who successfully built a strong business and navigated the challenges of the COVID-19 pandemic. As they prepared for retirement overseas, the owners made the decision to sell 100% of the shares to Lynn Growth Partners in 2022, with the transaction structured through a combination of cash and seller financing.

The business specializes in dog daycare and boarding services for small dog breeds and works closely with trainers, dental hygienists, and groomers to offer additional services to dog owners in the community. Lynn Growth Partners is excited to continue supporting the growth and success of this well-established business

 

Alley Cats was originally established to provide cat boarding services in a converted barn on a residential property in Pitt Meadows. In 2021, Lynn Growth Partners partnered with two individuals who had acquired the property, and together they purchased the assets of Alley Cats from the previous owner, who was no longer able to continue operating the business at the location.

As part of the deal, Lynn Growth Partners acquired a 33.33% equity stake in the company. Today, the business continues to offer specialized care for cats in a unique, home-like environment.


Direct to Consumers

E-commerce has seen rapid growth as consumers increasingly shift from brick-and-mortar stores to online shopping. In 2020, the Direct-to-Consumer (D2C) sector experienced an impressive growth rate of over 45%. The COVID-19 pandemic further accelerated these shifts, and the trend continues to reshape consumer behavior globally.

A recent KPMG report predicts that global e-commerce sales will reach USD 7.4 trillion by 2025, growing at a CAGR of 12%. Within this total, the D2C segment is expected to hit USD 161.22 billion. Recognizing the immense potential of this sector, Lynn Growth Partners is actively seeking investment opportunities in the e-commerce space to capitalize on its ongoing growth and transformation.

In 2020, Joe, Max, and Tina founded Fable to offer consumers a fresh alternative for home decor and furniture, providing stylish products that stand apart from traditional retailers like Ikea, Pottery Barn, and Crate & Barrel. As a certified B-Corp, Fable is dedicated to delivering products that are responsibly designed and sustainably crafted. Since its inception, the company has experienced rapid growth, expanding into the US and UK markets while continuously broadening its product range.

Lynn Growth Partners participated in Fable's inaugural angel investment round in 2020, and later made an additional investment in the same year. Lynn currently holds just under 1% equity in the company, supporting Fable’s mission to disrupt the home decor industry with ethical and sustainable offerings.


Technology

Electric Vehicles

As more countries commit to phasing out internal combustion engines and adopt ambitious vehicle electrification targets, the global electric vehicle (EV) market is experiencing unprecedented growth. In 2021 alone, EV sales doubled to a record 6.6 million units—almost 10% of global car sales—bringing the number of electric cars on the road to 16.5 million, three times the figure in 2018. Public spending on EV incentives also surged, nearly doubling to USD 30 billion, highlighting the sector’s growing importance in global climate strategies.

While EV adoption is accelerating rapidly in developed markets like the US, China, and the EU, emerging economies such as Brazil, India, and Indonesia face significant barriers, including high costs and limited availability. Despite these challenges, EV sales in these regions also doubled in 2021, suggesting a foundation for future growth if supported by the right investments and policies.

Given the affordability constraints, early electrification efforts in emerging markets are likely to focus on two- and three-wheelers and urban public transit. Expanding access to affordable, clean transportation is not only essential for achieving global emissions targets but also presents significant investment opportunities.

Nguyen, Hai, and Quang founded Selex Motors in 2018 from a modest 10-square-metre office in Hanoi, driven by a bold vision: to accelerate Vietnam’s sustainable development through smart electric vehicles. Selex Motors is not just building electric motorbikes — it is working to transform the entire transportation landscape in Vietnam and Southeast Asia. By developing a comprehensive EV ecosystem that integrates electric motorbikes, IoT-enabled batteries, and a network of battery swapping stations, Selex Motors aims to make clean, efficient, and accessible transportation a reality for millions. Their work stands to significantly reduce carbon emissions, reshape urban mobility, and set a new standard for sustainable innovation in the region.


Education

​Vietnam’s education sector is undergoing a transformative phase, marked by substantial government investment and a burgeoning demand for quality education. In 2024, the government allocated approximately 16% of its national budget to education, reflecting a steadfast commitment to developing human capital and aligning with global standards.

The private education sector, particularly in urban centres like Hanoi and Ho Chi Minh City, is experiencing rapid growth. Between 2017 and 2022, the number of students in private education increased by 10.9%, reaching about 510,000 students in general education. This surge is driven by rising disposable incomes and a growing middle class seeking high-quality, English-based education for their children. 

Vietnam's higher education market is also expanding, with projections indicating a compound annual growth rate (CAGR) of 13.4% from 2025 to 2033.  This growth is fueled by government initiatives promoting continuous learning and professional development, as well as increasing partnerships between universities and industries.

The government's strategic focus on education, coupled with supportive policies and rising demand, positions Vietnam's education sector as a promising landscape for investors. Opportunities abound in private K-12 education, higher education, and educational technology, making it an opportune time to engage with this dynamic market.​

Catherine founded Green Shoots International School in 2010 with the goal of offering high-quality international education to her children and the broader expatriate and local community in the Da Nang–Hoi An region of central Vietnam. What began as a small initiative has grown into the region’s most respected international school, now serving a diverse and steadily expanding student body from over 25 nationalities.

Green Shoots follows a globally recognized curriculum, integrating the International Primary Curriculum (IPC) and the Cambridge International Programme to ensure a well-rounded, internationally benchmarked education. The school places a strong emphasis on environmental stewardship, social responsibility, and community engagement — values that are deeply woven into both its academic and extracurricular programs.

 
Fun Academy Matific

Founded in 2023, Fun Academy is a forward-thinking education venture with a bold mission: to reshape the way Vietnamese families approach early childhood learning. Recognizing that long-term educational outcomes are deeply influenced by a child's home environment, Fun Academy promotes a powerful model whereby parents act as coaches who guide and support their children’s independent learning exploration rather than directing it.

What sets Fun Academy apart is its commitment to building an engaged, values-aligned parent community. Through curated content, shared experiences and peer learning the company equips families with tools and insights to foster meaningful development during a child’s most formative years.

The company's learning philosophy focuses on cultivating essential 21st-century skills including critical thinking, independence, problem solving, and communication, marking a shift away from traditional knowledge-based education to one centered on skills and self-discovery.

Fun Academy also stands out for its inclusive vision. By targeting underserved communities in Vietnam’s smaller cities and provinces, it is working to bridge the education gap and extend quality learning opportunities to areas often overlooked by mainstream providers.

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