
BDC Venture Capital
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
Frequently Asked Questions
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