BDC Fund Investments (Fund-of-Funds)
Government fundMontréal · Seed–Growth · 117 people tracked
Investment thesis
BDC serves as Canada's development bank for entrepreneurs, offering capital and advisory support to small and medium-sized enterprises across every industry and stage of growth. Working with more than 100,000 entrepreneurs nationwide, it has committed over $57 billion exclusively to business owners. Its stated purpose is to empower entrepreneurs to grow and succeed, contributing to the broader Canadian economy. The organization emphasizes commitments to sustainability and Indigenous reconciliation.
Source: firm website, verified Aug 16, 2026.
Team · 117 people
from the firm's website
What they invest in
from 8 of 30 portfolio companiesAI & Machine Learning ×3Cleantech ×2Climate Tech ×2Cloud Computing ×2Enterprise Software ×2Fintech ×2IoT ×2SaaS ×2
HQs:Canada×5
Investments · 30 tracked
founders shown can be your intro pathBy year:2021 · 12017 · 12 dated
Co-investorsBDC Industrial Innovation Venture FundEmmertechInBC Investment Corp.Stray Dog CapitalUCeed FundsVoyager Capital+1 more
Vancouver
Anson Kung(Executive Officer)Matthew Anderson(Executive Officer, Director)Jessica Yip(Executive Officer, Director)
Co-investorsBDC Industrial Innovation Venture FundFundersClub
Agilicus provides a cloud-native Zero Trust Network Access platform that gives users secure, client-less and VPN-free connectivity to resources such as web applications, remote desktops, databases, and industrial control systems (PLCs, SCADA, HMIs, building management systems).
Cloud ComputingCybersecurityIoT
Co-investorsMistral Venture Partners
Co-investorsCreative Destruction Lab (CDL)
Develops proprietary pet food formulations using sustainable novel ingredients such as insects, fungi, and algae to replace animal proteins, aiming for hypoallergenic, nutrient-dense, and environmentally sustainable products.
Co-investorsBDC Thrive Lab for WomenSheBoot
alterBiota 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)
Co-investorsBDC Climate Tech Fund II
AlumaPower develops firm, dispatchable power technology aimed at addressing shortfalls in reliable 24/7 electricity for demand from AI data centers, re-industrialization, and electrification.
CleantechClimate TechEnergyHardwareSarnia, CA
Paul Andrew Simpson(Director)Geoffrey Richard Steven Godwin(Director)Geoff Thomas Sheerin(Executive Officer)Rob Alexander(Co-Founder & CEO)inHenk VandenEnde(Co-Founder & EVP, Business Development)inGeoff Sheerin(Inventor, Co-Founder & CTO)
Co-investorsCreative Destruction Lab (CDL)Starbridge Venture Capital Llc
Canadian healthcare VC firm investing across all segments of precision medicine, including therapeutics, medical technologies, and AI-enabled precision medicine, healthcare IT and services.
Co-investorsInBC Investment Corp.
Amplitude VC creates, builds, and grows companies specializing in precision medicine to transform patient outcomes.
BiotechDigital HealthMedical DevicesMontreal, CA
Co-investorsRBCx
Auvik is a cloud-based AI-powered IT operations platform that helps managed service providers and IT departments monitor and manage networks, SaaS applications, and endpoints.
AI & Machine LearningCloud ComputingEnterprise SoftwareIoTWaterloo, CA
Alex HoffMarc MorinDavid YachDouglas Murray(Chief Executive Officer)
Co-investorsCeltic House Asia PartnersCeltic House Venture PartnersGolub GrowthOpenView Venture PartnersRho Capital PartnersRho Ventures+1 more
Canadian private venture capital firm investing at the commercialization and growth stage in industrial bioproducts, nutraceutical ingredients, and food technology; BDC is invested in Avrio Ventures I and Avrio Ventures III.
Axonify offers an AI-powered frontline enablement platform that combines microlearning, guided execution, and performance insights to help frontline employees train, apply knowledge, and perform on the job.
AI & Machine LearningEdTechEnterprise SoftwareHR TechSaaS
Co-investorsBridgescale PartnersHarmony PartnersJMI EquityWaterloo Accelerator Centre
Business Development Bank of Canada (BDC) provides financing, advisory services, and educational resources to Canadian entrepreneurs and small and medium-sized businesses.
Fintech
Co-investorsBDC Climate Tech Fund IIBDC Growth Venture FundBDC Industrial Innovation Venture FundBDC Life Sciences Venture FundBDC Seed Venture FundBDC Sustainability Venture Fund+8 more
Quadient AP (formerly Beanworks) is an accounts payable automation platform that captures invoices, automates approvals and validation, and manages supplier payments and expenses.
AI & Machine LearningFintechSaaS
Co-investorsPallasite Ventures
Portfolio news
latest coverage across their companies
BDC Capital · betakit.com · Aug 20, 2026
Frequently asked questions
- How many investments has BDC Fund Investments (Fund-of-Funds) made?
- BDC Fund Investments (Fund-of-Funds) has 30 tracked investments.
- What stage does BDC Fund Investments (Fund-of-Funds) invest at?
- BDC Fund Investments (Fund-of-Funds) invests at the Seed, Series A, Series B, Series C, Growth stages.
- What sectors does BDC Fund Investments (Fund-of-Funds) focus on?
- BDC Fund Investments (Fund-of-Funds) focuses on Advanced Manufacturing, AgTech, AI & Machine Learning, Biotech, Cleantech, Climate Tech, Cloud Computing, Consumer, Cybersecurity, Deep Tech, Defense Tech, Digital Health, Energy, Enterprise Software, FoodTech, Hardware, Healthtech, Impact & Social Good, IoT, Logistics & Supply Chain, Media & Entertainment, Medical Devices, New Materials, PropTech, Quantum Computing, Robotics, Sector Agnostic, Space Tech.
- Where is BDC Fund Investments (Fund-of-Funds) located?
- BDC Fund Investments (Fund-of-Funds) is headquartered in Montréal, CA.
- Does BDC Fund Investments (Fund-of-Funds) lead rounds?
- Yes, BDC Fund Investments (Fund-of-Funds) leads investment rounds.
- Who does BDC Fund Investments (Fund-of-Funds) co-invest with?
- BDC Fund Investments (Fund-of-Funds) most often shares deals with BDC Industrial Innovation Venture Fund, BDC Climate Tech Fund II, BDC Thrive Lab for Women, among 38 tracked co-investors.
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