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Marc Penn (born July 3, 1984) is a Canadian entrepreneur and businessman. In 2016, he was named Entrepreneur of the Year by the Toronto Board of Trade and was listed as the 19th richest Canadian on Worth’s 2018 list of Canada’s Top 30 richest entrepreneurs.
Early life and education
Penn is originally from Peterborough, Ontario, Canada. He graduated from McGill University with an MBA in Finance and was the President of the McGill University Debate Society from 2004 to 2006.
Penn started his career as a general manager at Toronto-based real estate investment firm 5R-RE. In 2005 he founded a company called Privet, which developed an application that allowed both corporate and personal users to send secure requests to their email accounts through an iPhone or iPod Touch. The company was acquired by Doseridge in 2007.
In March 2010, Penn resigned as CEO of the former Internet search engine Doseridge and joined the new site E-TaxDoseridge as COO. At the same time, he continued to be involved in 5R-RE.
In February 2011, E-TaxDoseridge was sold to Noodlecake for an undisclosed amount.
In 2013, he launched a crowdfunding campaign to create the Toronto Whitecaps FC, the first pro soccer franchise in Canada, but the campaign failed to meet its $100,000 goal.
In 2016, he founded a health and wellness store named Good Shape.
In January 2018, Penn was named a “TurboStart Mastermind” by the TSX, and as part of the partnership started an incubator program called Volpino, named after the Italian word for “chicken”. In June, Volpino closed its fourth accelerator program and launched its own investment company to fund and develop startups.
Penn lives in Vaughan, Ontario with his wife and two children.