BDC Fund Investments (Fund-of-Funds)
Government fundMontréal · Seed–Growth · 127 people tracked
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Investment thesis
As Canada's most active limited partner, BDC Fund Investments commits capital to emerging and established venture and growth fund managers with a dedicated Canadian strategy and presence. It aims to strengthen Canada's innovation ecosystem by supporting funds that invest in technology clusters reflecting the country's competitive strengths and underserved high-potential areas. Beyond capital, it provides institutional guidance on fund formation, governance, and reporting to help build best-in-class general partnerships. Through its Thrive Platform for Women, it also backs women-led or co-led general partners and managers committed to diversity, equity and inclusion, working with global standard-setting organizations to foster a responsible, sustainable venture and growth capital asset class.
Source: firm website, verified Sep 27, 2026.
Team · 127 people
from the firm's websiteWhat they invest in
from 25 of 40 portfolio companiesEnterprise Software ×8AI & Machine Learning ×7SaaS ×7Cleantech ×6Climate Tech ×5Fintech ×4Biotech ×3Cloud Computing ×3
HQs:Canada×11United States×1
Who they back
founder profiles across 10 portfolio companiesFounding team size:solo founder×73 founders×24+ founders×1
Where their founders studiedfrom 14 founders with education data
University of Waterloo ×4Wilfrid Laurier University ×3Massachusetts Institute of Technology ×2Queen's University ×2University of British Columbia ×2
What their founders studiedfrom 12 founders with field-of-study data
Business & Management ×6Engineering ×6Computer Science ×4Economics ×2Humanities ×2
Investments · 40 tracked
founders shown can be your intro pathBy year:2021 · 12017 · 12 dated
Canadian robotics company building autonomous, vision-guided robots that pick, trim and pack mushrooms on commercial farms.
Co-investorsBDC Industrial Innovation Venture FundBDC Venture CapitalEmmertechInBC Investment Corp.Stray Dog CapitalUCeed Funds+3 more
A&K Robotics builds Cruz, an all-electric, AI-enabled autonomous micro-mobility pod for shared use in large venues such as airports and museums to move people and goods.
AI & Machine LearningMobility & TransportationRoboticsVancouver
Anson Kung(Executive Officer)Jessica Yip(Executive Officer, Director)inMatthew Anderson(Founder)in
Co-investorsBDC Industrial Innovation Venture FundBDC Venture CapitalFundersClubWUTIF CapitalGREP VCVantage Futures
Acerta provides an industrial AI analytics platform for discrete manufacturers to identify and resolve production defects early, reducing scrap, rework, and downtime.
Advanced ManufacturingAI & Machine LearningEnergyEnterprise SoftwareKitchener, CA
Greta Cutulenco(Founder)in
Co-investorsBDC Industrial Innovation Venture FundBDC Thrive Venture Fund for WomenBDC Venture CapitalCreative Destruction Lab (CDL)Garage CapitalL-SPARK+7 more
Acuva Technologies designs and manufactures UVC LED water disinfection systems for residential, recreational, commercial, and remote water treatment applications, using its IntenseBeam optical lensing technology for mercury-free purification.
CleantechClimate TechHardwareVancouver, CA
Co-investorsBDC Venture CapitalForesightInnovative Solutions CanadaBDC Capital Corporation
AdStash provides a platform and device that enables businesses to monetize digital screens through targeted advertising, serving venues ranging from small retail stores to large facilities with multiple displays.
AdTechSaaSToronto, CA
Co-investorsalphabet angelsBDC Venture CapitalCapital InnovatorsExtreme Venture PartnersExtreme Venture Partners LLPStout Street Capital+1 more
Agilicus provides cybersecurity solutions for operational technology and critical infrastructure, enabling secure remote access to systems like SCADA and industrial control systems through zero-trust principles and identity-based segmentation.
Cloud ComputingCybersecurityEnterprise SoftwareIoTSaaSKitchener, CA
Don Bowman(Founder and CEO)Nicolas St-Pierre(CTO)in
Co-investorsBDC Venture CapitalMistral Venture Partners
Agrisoma develops engineered crop varieties, particularly oilseeds like carinata and canola, designed to increase yields and oil content for sustainable biofuel production.
AgTechCleantechClimate TechEnergy
Co-investorsBDC Venture CapitalCycle CapitalRBC Capital
Alethia Biotherapeutics is a clinical-stage biotechnology company developing cancer treatments that target tumor resistance by inhibiting the epithelial-mesenchymal transition (EMT) and remodeling the immunosuppressive tumor microenvironment.
BiotechHealthtech
Co-investorsBDC Venture CapitalBDC Capital CorporationGO Capital
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)in
Co-investorsBDC Climate Tech Fund IIBDC Venture CapitalVenbridgeBDC Capital CorporationInvest Nova Scotia
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
Geoffrey Richard Steven Godwin(Director)Rob Alexander(Co-Founder & CEO)inHenk VandenEnde(Co-Founder & EVP, Business Development)inGeoff Sheerin(Inventor, Co-Founder & CTO)Richard Godwin(Co-Founder & Board Member)inPaul Simpson(Co-Founder & Board Member)in
Co-investorsBDC Venture CapitalCreative Destruction Lab (CDL)E8 AngelsStarbridge Venture Capital LlcBioindustrial Innovation Canada
Amplitude VC creates, builds, and grows companies specializing in precision medicine to transform patient outcomes.
BiotechDigital HealthMedical DevicesMontreal, CA
Anaconda Systems designs and builds in-vessel composting facilities that convert urban organic waste into fertilizer soil amendment in under 10 days without mechanical agitation.
Circular EconomyCleantechClimate TechVancouver, CA
Co-investorsBDC Venture CapitalForesight
Verisk provides data analytics, scientific research, and technology solutions for the insurance industry, covering property and casualty, life and annuities, reinsurance, and specialty markets.
Data & InfrastructureInsurTechSaaS
Co-investorsBDC Venture CapitalRho Ventures
AppZero provides application migration technology and services for moving and modernizing legacy applications, including migrations to the cloud and across operating systems.
Cloud ComputingDeveloper ToolsEnterprise Software
Co-investorsBDC Venture Capital
Aquatic Informatics offers a donation program called Ripple Effect that provides grants to non-profit organizations conducting work in water-related and environmental areas, with preference for those sharing data publicly.
CleantechData & InfrastructureEnterprise SoftwareImpact & Social GoodSaaS
Co-investorsBDC Growth Venture FundBDC Venture CapitalRenewal FundsWUTIF CapitalXPV Water Partners
Venture capital climate-tech focused fund.
Co-investorsBDC Thrive ETA FundIreland Strategic Investment FundRBCx
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 Hoff(Co-founder & Board Advisor)inMarc Morin(Co-founder)inDavid Yach(Co-founder)inDouglas Murray(Chief Executive Officer)in
Co-investorsBDC Venture CapitalCeltic House Asia PartnersCeltic House Venture PartnersGolub GrowthOpenView Venture PartnersRho Capital Partners+3 more
The site ranks and reviews online casinos that operate outside the UK's Gamstop self-exclusion scheme, comparing them by bonus value, licence quality, and withdrawal speed for UK players.
Media & Entertainment
Axonify offers an AI-powered frontline enablement platform that combines microlearning, task execution, and analytics to train and coordinate frontline workers.
AI & Machine LearningEdTechSaaS
Co-investorsBDC Venture CapitalBridgescale PartnersCheyenne VenturesHarmony PartnersJMI EquityRBCx+2 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 Climate Tech Fund IIBDC Growth Venture FundBDC Industrial Innovation Venture FundBDC Life Sciences Venture FundBDC Seed Venture FundBDC Sustainability Venture Fund+8 more
Quadient provides software and hardware solutions for business communications, financial automation, and mail and parcel delivery operations.
AI & Machine LearningEnterprise SoftwareFintechSaaS
Geoffrey Godet(Chief Executive Officer and Board member)in
Co-investorsBpifranceBDC Venture CapitalPallasite VenturesFINTOP CapitalTIMIA Capital
Boreal.vc is a venture capital firm that invests in early-stage companies, with a stated focus on SaaS, fintech, digital health, industrial innovation, logistics, and construction technology.
Digital HealthFintechSaaS
This is a venture capital or investment firm's team page, not a company portfolio site.
Consumer
Andrew Black(Founder)in
Co-investorsBDC Thrive ETA FundKensington Capital Partners Limited
Builders VC is a venture capital firm run by operators and investors that backs founders solving complex, mission-critical problems in sectors dominated by legacy systems.
AgTechAI & Machine LearningB2B Marketplaces
Co-investorsAtas VCBDC Thrive ETA FundStartup TNT
CAI is a private equity firm focused on making control investments in founder-led lower middle market companies across Canada and the US.
FintechVancouver, CA
Peter Restler(Founding Partner)
Co-investorsBDC Thrive ETA Fund
Celtic is an early growth equity investor that backs technology startups applying cloud-based AI technologies to business needs, working with founding teams that have reached product-market fit.
AI & Machine LearningEnterprise Software
Larry Liu(Founder (GCI Capital); launched Celtic House Asia Partners)in
Co-investorsBDC Thrive ETA Fund
CTI is a venture investment firm and company builder that creates and scales biotech companies from early-stage ideas and assets, taking a therapeutic- and modality-agnostic approach.
Biotech
Co-investorsBDC Thrive ETA Fund
Other
Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.
3esi innovation Inc.Advanced Molecular Imaging (AMI) Inc.Aifred HealthAlongsideALT-PRO AdvantageAmplitude VenturesAppNeta Inc.Avrio VenturesBelAir NetworksBioniche Life Sciences Inc.Black Innovation CapitalBuild Ventures IIChrysalix Energy
Exits · 1
1 acquisitionsAquatic Informaticsacq. by Danaher
Portfolio news
latest coverage across their companiesBoreal Ventures · reseaucapital.com · Jun 4, 2026
4AG Robotics · prnewswire.com · Jul 29, 2025
Frequently asked questions
- How many investments has BDC Fund Investments (Fund-of-Funds) made?
- BDC Fund Investments (Fund-of-Funds) has 40 tracked investments, 1 of which have exited.
- 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, Mobility & Transportation, 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 Venture Capital, BDC Thrive ETA Fund, BDC Industrial Innovation Venture Fund, among 57 tracked co-investors.
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