BDC Climate Tech Fund II
Government fundMontréal · Seed–Growth
Investment thesis
The Climate Tech Fund invests in Canadian climate technology firms whose innovations materially reduce greenhouse gas emissions and can grow into global champions. It targets capital-intensive hard technologies with defensible proprietary IP, demonstrated market traction, validated product-market fit, and a clear path to commercial scale and profitability. Investment themes span energy, mobility, built environment, industry and resources, and carbon management. The fund emphasizes partnership with public and private co-investors, patient long-term capital, and hands-on support from a pan-Canadian team, with capacity to follow on as companies commercialize and scale. It forms part of BDC's broader clean- and climate-tech commitment exceeding $1 billion.
Source: firm website, verified Aug 3, 2026.
What they invest in
from 4 of 4 portfolio companiesCleantech ×3Climate Tech ×3Circular Economy ×2New Materials ×2Construction Tech ×1Energy ×1Enterprise Software ×1Fintech ×1
HQs:Canada×4
Investments · 4 tracked
founders shown can be your intro pathalterBiota develops green materials and energy technologies, including bio-graphene concrete admixtures and low-carbon concrete solutions, along with related R&D and testing services.
Circular EconomyCleantechClimate TechNew MaterialsEdwardsville, CA
Mark Masotti(CEO and Co-Founder)in
Co-investorsBDC Fund Investments (Fund-of-Funds)BDC Venture CapitalBDC Capital CorporationInvest Nova Scotia
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-investorsClean Energy VenturesCreative Destruction Lab (CDL)ForesightThe 51 VenturesThin Air LabsUCeed Funds+3 more
BDC is a Canadian financial institution that provides financing and business advisory services to small and medium-sized enterprises across all sectors.
Enterprise SoftwareFintechCanada, CA
Co-investorsBDC Fund Investments (Fund-of-Funds)BDC Growth Venture FundBDC Industrial Innovation Venture FundBDC Life Sciences Venture FundBDC Seed Venture FundBDC Sustainability Venture Fund+8 more
CarbiCrete develops a carbon removal technology that enables the production of cement-free concrete by using industrial steel slag and injecting CO2 to provide strength while sequestering carbon.
Circular EconomyCleantechClimate TechConstruction TechNew MaterialsQuebec, CA
Co-investorsAera VCInnovative Solutions CanadaNew Climate VenturesSQN Venture Partners, LLCFondactionFonds de solidarité FTQ+1 more
Portfolio news
latest coverage across their companies
BDC Capital · betakit.com · Aug 20, 2026
CarbiCrete · prnewswire.com · Mar 30, 2026
Ayrton Energy · marsdd.com · Jul 18, 2025
Frequently asked questions
- What stage does BDC Climate Tech Fund II invest at?
- BDC Climate Tech Fund II invests at the Seed, Series A, Series B, Series C, Growth stages.
- What sectors does BDC Climate Tech Fund II focus on?
- BDC Climate Tech Fund II focuses on Biotech, Cleantech, Climate Tech, Construction Tech, Energy, Mobility & Transportation, Sector Agnostic.
- Where is BDC Climate Tech Fund II located?
- BDC Climate Tech Fund II is headquartered in Montréal, CA.
- Who does BDC Climate Tech Fund II co-invest with?
- BDC Climate Tech Fund II most often shares deals with BDC Fund Investments (Fund-of-Funds), Clean Energy Ventures, Aera VC, among 24 tracked co-investors.
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