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BDC Venture Capital

North America, Alberta, Canada, Calgary

Description

BDC Venture Capital, the investment arm of the Business Development Bank of Canada (BDC), plays a pivotal role in fostering the growth of Canada's innovation ecosystem. Headquartered in Montreal with a significant presence across the country, including Calgary as noted, BDC Capital acts as a strategic partner dedicated to enabling, encouraging, and unlocking the underlying market potential of Canadian venture capital. Its mandate extends beyond mere investment, aiming to build a robust and sustainable venture capital industry within Canada by supporting entrepreneurs at various stages of their development.

BDC Capital's investment strategy is comprehensive, spanning multiple stages from seed to growth equity, and covering a wide array of sectors including information technology, cleantech, and healthcare. The firm operates through several specialized funds, each tailored to specific investment needs and company maturities. For instance, their Seed Fund is designed to support nascent Canadian companies with initial investments typically ranging up to $2 million, providing crucial early-stage capital. Complementing this, their IT Venture Fund and Industrial Innovation Venture Fund focus on Series A and B rounds, typically deploying between $1 million and $10 million to help scale promising technology and industrial firms.

Furthermore, BDC Capital's commitment to the Canadian ecosystem is underscored by its substantial capital base and extensive portfolio. The firm manages over $5 billion in capital, making it one of the largest and most active venture investors in Canada. This significant financial backing allows them to provide substantial follow-on funding and support companies through various growth phases. To date, BDC Capital has directly invested in over 700 companies and committed capital to more than 100 venture capital funds, demonstrating their broad impact and deep integration within the national innovation landscape. Their approach often involves co-investing with private sector partners, thereby de-risking investments and attracting further capital into Canadian ventures.

This strategic, multi-stage investment approach, combined with a strong focus on partnership and ecosystem development, positions BDC Venture Capital as a cornerstone of Canada's entrepreneurial success. They are not just a source of capital but a long-term partner committed to the success of Canadian businesses, helping them to scale globally and achieve their full potential.

Investor Profile

BDC Venture Capital has backed more than 301 startups, with 11 new investments in the last 12 months alone. The firm has led 51 rounds, about 17% of its total and boasts 171 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Series A, Series B, Seed rounds (top funding stages).
  • Majority of deals are located in Canada, United States, France.
  • Strong thematic focus on Software, Enterprise Software, SaaS.
  • Led 6 rounds in the past year.
  • Typical check size: $250K – $20M.

Stage Focus

  • Series A (24%)
  • Series B (19%)
  • Seed (17%)
  • Series Unknown (17%)
  • Series C (14%)
  • Series D (4%)
  • Convertible Note (2%)
  • Pre Seed (2%)
  • Series E (1%)
  • Angel (1%)

Country Focus

  • Canada (86%)
  • United States (12%)
  • France (1%)
  • Turkey (1%)

Industry Focus

  • Software
  • Enterprise Software
  • Saas
  • Information Technology
  • Biotechnology
  • Artificial Intelligence (Ai)
  • Analytics
  • Big Data
  • Mobile
  • Wireless
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does BDC Venture Capital frequently co-invest with?

BDC Capital Corporation
North America, Massachusetts, United States, Wakefield
Co-Investments: 16
Real Ventures
North America, Quebec, Canada, Montréal
Co-Investments: 22
OMERS Ventures
North America, Ontario, Canada, Toronto
Co-Investments: 15
GrowthWorks Capital
North America, British Columbia, Canada, Vancouver
Co-Investments: 23
Business Development Bank of Canada
North America, Quebec, Canada, Montréal
Co-Investments: 19
Yaletown Partners
North America, British Columbia, Canada, Vancouver
Co-Investments: 14
Celtic House Venture Partners
North America, Ontario, Canada, Toronto
Co-Investments: 12
BDC IT Venture Fund
North America, Ontario, Canada, Toronto
Co-Investments: 24
Export Development Canada
North America, Ontario, Canada, Ottawa
Co-Investments: 13
VenGrowth Asset Management
North America, Ontario, Canada, Toronto
Co-Investments: 15

Which angels does BDC Venture Capital often collaborate with?

Mike Edwards
North America, British Columbia, Canada
Shared Deals: 2
Marc Morin
North America, Ontario, Canada, Waterloo
Shared Deals: 2
Mark Macleod
North America, Ontario, Canada, Toronto
Shared Deals: 1
Ryan Holmes
North America, British Columbia, Canada, Vancouver
Shared Deals: 3
PG
North America, Ontario, Canada
Shared Deals: 1
JG
North America, Ontario, Canada
Shared Deals: 1
PR
North America, Florida, United States, Fort Walton Beach
Shared Deals: 2
TR
North America, California, United States, San Francisco
Shared Deals: 2
LB
North America, Massachusetts, United States, Cambridge
Shared Deals: 2

What are some of recent deals done by BDC Venture Capital?

4AG Robotics

Salmon Arm, British Columbia, Canada

4AG Robotics develops fully automated harvesting devices to replace manual labor in commercial mushroom farms.

Computer VisionIndustrial AutomationRobotics
Series BJul 29, 2025
Amount Raised: $29,117,464
Xaba

Toronto, Ontario, Canada

Xaba operates as an industrial AI-driven control system.

Artificial Intelligence (AI)RoboticsSoftware
SeedApr 14, 2025
Amount Raised: $6,000,000
Blumind

Ottawa, Ontario, Canada

Blumind provides analog machine learning inferencing engines for edge smart sensors and smart devices.

Artificial Intelligence (AI)Machine LearningSemiconductor
Series AApr 8, 2025
Amount Raised: $14,031,740
Cinareo

Toronto, Ontario, Canada

Cinareo offers omni-channel capacity planning and financial analysis tailored to multi-channel contact center settings.

AnalyticsFinTechSaaSSoftware
Pre SeedJan 23, 2025
Amount Raised: $1,000,000

Enabling healthcare teams to deliver personalized care at scale.

Health Care
Pre SeedDec 1, 2024
Amount Raised: $899,127
Planetary Technologies

Dartmouth, Nova Scotia, Canada

Planetary Hydrogen produces clean hydrogen and captures atmospheric carbon through ocean alkalinity enhancement.

ChemicalManufacturingWholesale
Series AOct 24, 2024
Amount Raised: $11,350,000
KOHO Financial

Toronto, Ontario, Canada

KOHO is an online financial services provider that offers an application-based banking platform to simplify financial products.

FinanceFinancial ServicesFinTechMobile PaymentsPayments
Series UnknownOct 1, 2024
Amount Raised: $29,641,706
Kahi

Ottawa, Ontario, Canada

Get ahead with automated asset tracking.

SeedSep 12, 2024
Amount Raised: $1,694,272
Radiant Biotherapeutics

Toronto, Ontario, Canada

Radiant is a biotechnology company developing the next generation of multi-specificity.

BiotechnologyTherapeutics
Series ASep 11, 2024
Amount Raised: $35,000,000
Hexoskin (Carré Technologies)

Montréal, Quebec, Canada

Hexoskin develops smart clothing with the ability to deliver predictive health analytics for health, fitness, and wellness.

AnalyticsHealth CareHealth DiagnosticsInternet of ThingsmHealthSoftwareWearablesWeb Development
Series UnknownAug 27, 2024
Amount Raised: $4,200,000