BDC Capital Corporation
Venture debtWakefield Β· Late Stage
Investment thesis
BDC Capital is a non-bank commercial lender serving businesses across New England. Because it is not regulated like a bank, it offers flexible underwriting tailored to each borrower's situation, with local decision-making by regional experts. Its products include asset-based revolving credit up to $10 million secured by receivables and inventory, equipment and real estate term loans, cash-flow-based term loans, and subordinated/mezzanine debt of $1 million to $7 million+ for acquisitions, buyouts, and expansion without diluting ownership. It also handles classified loans and workouts, offers loan guarantees, and administers specialized programs such as Massachusetts recycling loans and Rhode Island CAP and SSBCI programs, partnering with 100+ financial institutions.
Source: firm website, verified Aug 3, 2026.
What they invest in
from 11 of 11 portfolio companiesSaaS Γ5Energy Γ4Enterprise Software Γ4AI & Machine Learning Γ3Cleantech Γ3Climate Tech Γ3Data & Infrastructure Γ2Advanced Manufacturing Γ1
HQs:CanadaΓ5United StatesΓ1
Investments Β· 11 tracked
founders shown can be your intro pathLoginRadius provides a fully-managed customer identity and access management (CIAM) platform that handles authentication, social login, and identity management for enterprises, governments, and organizations.
CybersecurityEnterprise SoftwareSaaSVancouver, CA
Rakesh Soni(Founder)
Co-investorsForgePoint CapitalEdmonton UnlimitedFounderFuelM12 (Microsoft's Venture Fund)Verdex CapitalYaletown Partners
Arolytics provides software for oil and gas operators to detect, measure, and manage methane emissions, including SCADA-based detection methods for equipment such as storage tanks at upstream facilities.
Climate TechEnergySaaS
Co-investorsAccelerate FundBDC Sustainability Venture FundCreative Destruction Lab (CDL)Startup TNTMetiquity VenturesYaletown Partners
Ayrton Energy develops a hydrogen storage and transport solution based on a proprietary liquid organic hydrogen carrier (LOHC) and electrochemistry, storing hydrogen as a liquid at ambient conditions so it can be moved using existing fuel infrastructure.
CleantechClimate TechEnergyCalgary, CA
Co-investorsBDC Climate Tech Fund IIClean Energy VenturesCreative Destruction Lab (CDL)ForesightThe 51 VenturesThin Air Labs+3 more
Mangrove Lithium operates an electrochemical, modular lithium refining platform that converts raw lithium from brines, hard rock, clay, geothermal DLE, and recycled batteries into battery-grade lithium hydroxide or carbonate.
CleantechEnergyNew Materials
Saad Dara(CEO & Founder)David St. Angelo(Chief Technology Officer)Annie Liu(Chief Commercial and Strategy Officer)
Co-investorsCanada Growth FundBMW i VenturesInBC Investment Corp.Breakthrough Energy Ventures
Maxa is an agentic platform that uses AI agents to build and maintain production-grade dbt data pipelines for finance and operations teams, unifying enterprise systems like SAP, Oracle, Salesforce, and Workday into a single data model.
AI & Machine LearningData & InfrastructureEnterprise Software
Alexis C. Steinman(Founder)in
Co-investorsFramework Venture PartnersGraphite VenturesNAventuresAQC CapitalYork IE
Micromart designs and builds autonomous "Smart Store" retail machines that combine hardware, software, and integrated payments so operators can place and manage unattended stores in locations like apartments, gyms, and offices.
HardwareRetail TechSaaS
Co-investorsDASH VenturesEniac VenturesGood News Ventures
SeamlessMD provides a digital care platform for health systems, focused on clinical informatics and applying AI to healthcare operations.
AI & Machine LearningDigital HealthHealthtech
Joshua Liu, MD(Founder)in
Co-investorsFundersClubHikma VenturesAnges QuΓ©bec
SketchDeck provides embedded teams of creative, marketing, and digital talent that integrate into client organizations to handle marketing operations and creative work.
Enterprise SoftwareFuture of WorkMarketing TechSaaSSan Francisco, US
Chris Finneral(Founder/CEO)inDavid Mack(Founder/CTO)in
Co-investorsBlue CollectiveY CombinatorBKR CapitalBoreal VenturesFoundation CapitalMatrix+1 more
Solfium provides solar energy, energy storage, and electric mobility solutions for residential, business, industrial, and corporate customers.
CleantechClimate TechEnergy
Co-investorsAccionAlive VenturesKamay VenturesRaliCapRedwood VenturesSavia Ventures
Supplier.io (Tealbook) provides a supplier diversity and intelligence platform that helps procurement teams discover, vet, and source from new, local, small, and diverse suppliers using a database of over 20 million suppliers.
Data & InfrastructureEnterprise SoftwareSaaS
Stephany Lapierre(Founder)in
Co-investorsGood FriendsGrand VenturesReciprocal VenturesRTP GlobalRefinery VentureStand Up Ventures+1 more
Xaba develops xCognition Cognitive Control, a generative AI platform that lets industrial robots, CNCs, and PLC-based systems self-program and adjust control logic without manual coding.
Advanced ManufacturingAI & Machine LearningRoboticsToronto, CA
Co-investorsHazelview VenturesHitachi VenturesImpact Venture Capital
Exits Β· 1
IPOs and acquisitions across the tracked portfolioTealbookacq. by Supplier.io
Portfolio news
latest coverage across their companiesMicromart Β· bdc.ca Β· May 26, 2026
SketchDeck Β· edmonton.taproot.news Β· Apr 28, 2026
Solfium Β· privatecapitaljournal.com Β· Apr 7, 2026
Mangrove Lithium Β· axios.com Β· Jan 15, 2026
Ayrton Energy Β· marsdd.com Β· Jul 18, 2025
Xaba Β· finsmes.com Β· Apr 15, 2025
Frequently asked questions
- What stage does BDC Capital Corporation invest at?
- BDC Capital Corporation invests at the Late Stage stage.
- What is BDC Capital Corporation's typical check size?
- BDC Capital Corporation typically writes checks of $100K β $10M.
- What sectors does BDC Capital Corporation focus on?
- BDC Capital Corporation focuses on Sector Agnostic.
- Where is BDC Capital Corporation located?
- BDC Capital Corporation is headquartered in Wakefield, US.
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