Fundraising FoxBDC Thrive ETA Fund
Government fundMontréal · Seed–Growth · 20 people tracked
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Investment thesis
The fund is a national platform under BDC Capital's Thrive Platform for Women, created to advance gender equality in business ownership. It addresses barriers women face—limited networks, capital, and role models—while a wave of retiring Canadian business owners creates acquisition opportunities. The $50 million fund invests $40 million directly in women acquiring businesses through search funds, management buyouts, or self-funded searches, and $10 million indirectly in private equity and search fund investors backing women-led acquisitions. It targets midsized businesses with EBITDA of $1-$5 million across industries and regions in Canada, offering equity investment, up to 25% in search capital, and access to ecosystem partners, mentorship, and peer groups.
Source: firm website, verified Sep 27, 2026.
Team · 20 people
from the firm's website
What they invest in
from 6 of 12 portfolio companiesAI & Machine Learning ×2Enterprise Software ×2Fintech ×2AgTech ×1B2B Marketplaces ×1Biotech ×1Consumer ×1
HQs:Canada×2
Investments · 12 tracked
founders shown can be your intro pathVenture capital climate-tech focused fund.
Co-investorsBDC Fund Investments (Fund-of-Funds)Ireland Strategic Investment FundRBCx
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 Fund Investments (Fund-of-Funds)BDC Growth Venture FundBDC Industrial Innovation Venture FundBDC Life Sciences Venture FundBDC Seed Venture Fund+8 more
This is a venture capital or investment firm's team page, not a company portfolio site.
Consumer
Andrew Black(Founder)in
Co-investorsBDC Fund Investments (Fund-of-Funds)Kensington 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 Fund Investments (Fund-of-Funds)GC VenturesStartup 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 Fund Investments (Fund-of-Funds)
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 Fund Investments (Fund-of-Funds)Celtic House Venture PartnersMaRS Investment Accelerator FundTechstars
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 Fund Investments (Fund-of-Funds)
Other
Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.
Amplitude VenturesAvrio VenturesBlack Innovation CapitalBuild Ventures IIChrysalix Energy
Frequently asked questions
- How many investments has BDC Thrive ETA Fund made?
- BDC Thrive ETA Fund has 12 tracked investments.
- What stage does BDC Thrive ETA Fund invest at?
- BDC Thrive ETA Fund invests at the Seed, Series A, Series B, Growth stages.
- What sectors does BDC Thrive ETA Fund focus on?
- BDC Thrive ETA Fund focuses on Cloud Computing, SaaS, Sector Agnostic.
- Where is BDC Thrive ETA Fund located?
- BDC Thrive ETA Fund is headquartered in Montréal, CA.
- Who does BDC Thrive ETA Fund co-invest with?
- BDC Thrive ETA Fund most often shares deals with BDC Fund Investments (Fund-of-Funds), Startup TNT, Atas VC, among 20 tracked co-investors.
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