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BDC Venture Capital

Government fundoperating company · company profile

Montreal · Pre-Seed–Late Stage · 65 people tracked

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Investment thesis

BDC Venture Capital focuses on backing Canadian technology innovators, aiming to help them build world-class companies through equity investment, expert advice and an extensive network. It describes itself as a patient, stable investor willing to take on risk and to support firms in underserved sectors. With three decades of experience building Canadian technology companies, it emphasizes its connectedness and ability to open doors for its portfolio companies.

Source: firm website, verified Aug 24, 2026.

Stage
Pre-Seed–Late Stage
Check
$365K – $25.6M
HQ
Montreal, Quebec, CA
Leads rounds
Follows
Instruments
Equity · Debt · Grants
Founded
1944
AUM
$57.2B
Tracked investments
26

Team · 65 people

from curated & public directories
Kimberly Yeung· Partnerin

What they invest in

from 15 of 26 portfolio companies

Cleantech ×5Climate Tech ×5Enterprise Software ×5AI & Machine Learning ×4SaaS ×4Cloud Computing ×3Circular Economy ×2Energy ×2

HQs:Canada×7United States×2

Investments · 26 tracked

founders shown can be your intro path
3esi innovation Inc.3esi.com

Co-investorsBDC Fund Investments (Fund-of-Funds)

4AG Robotics4ag.ai

Canadian robotics company building autonomous, vision-guided robots that pick, trim and pack mushrooms on commercial farms.

Co-investorsBDC Fund Investments (Fund-of-Funds)BDC Industrial Innovation Venture FundEmmertechInBC Investment Corp.Stray Dog CapitalUCeed Funds+3 more

A&K Robotics

Vancouver

Anson Kung(Executive Officer)Matthew Anderson(Executive Officer, Director)Jessica Yip(Executive Officer, Director)

Co-investorsBDC Fund Investments (Fund-of-Funds)BDC Industrial Innovation Venture FundFundersClub

Acertaacerta.aiin

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 LearningEnterprise Software

Greta Cutulenco(Founder)in

Co-investorsBDC Industrial Innovation Venture FundBDC Thrive Venture Fund for WomenCreative Destruction Lab (CDL)Garage CapitalM12 (Microsoft's Venture Fund)Stand Up Ventures+1 more

Acuva Technologiesacuvatech.comin

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 Fund Investments (Fund-of-Funds)ForesightInnovative Solutions Canada

AdStash
Advanced Molecular Imaging (AMI) Inc.

Co-investorsBDC Fund Investments (Fund-of-Funds)

Agilicus Incorporatedagilicus.com

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)

Co-investorsBDC Fund Investments (Fund-of-Funds)Mistral Venture Partners

Agrisoma BioSciences Inc.agrisoma.com

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 Fund Investments (Fund-of-Funds)Cycle Capital

Alethia Biotherapeutics Inc.alethiabio.comin

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 Fund Investments (Fund-of-Funds)

Alongside
ALT-PRO Advantage

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 Fund Investments (Fund-of-Funds)BDC Thrive Lab for WomenSheBoot

alterBiotaalterbiota.com

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 IIBDC Fund Investments (Fund-of-Funds)

AlumaPoweralumapower.comin𝕏

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-investorsBDC Fund Investments (Fund-of-Funds)Creative Destruction Lab (CDL)Starbridge Venture Capital LlcBioindustrial Innovation Canada

Anaconda Systemsanacondasystems.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-investorsForesight

Analyze Reanalyzere.comin

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

AppZero Corpappzero.comin𝕏

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 Fund Investments (Fund-of-Funds)

Aquatic Informatics
Auvik Networksauvik.comin𝕏

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-investorsBDC Fund Investments (Fund-of-Funds)Celtic House Asia PartnersCeltic House Venture PartnersGolub GrowthOpenView Venture PartnersRho Capital Partners+2 more

Axonifyaxonify.comin𝕏

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 Fund Investments (Fund-of-Funds)Bridgescale PartnersHarmony PartnersJMI EquityWaterloo Accelerator Centre

Beanworksbeanworks.comin𝕏

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)

Co-investorsBpifranceBDC Fund Investments (Fund-of-Funds)Pallasite Ventures

BelAir Networks

Co-investorsBDC Fund Investments (Fund-of-Funds)

Sondersonder.comin𝕏Defunct

Sonder operates a hospitality platform offering managed short-term rental accommodations across multiple cities globally, combining contemporary design with technology-enabled services for guests.

MarketplacesPropTechTravel & HospitalitySan Francisco, US

Francis Davidson(Co-Founder & CEO (2014–2025))inMartin Picard(Co-Founder)Lucas Pellan(Co-Founder)Sanjay Banker(President & Chief Financial Officer)Satyen Pandya(Chief Technology Officer)Daniel Cornwell(Interim Co-CEO (from June 2025))

Co-investorsAkkadian VenturesAlate PartnersBlackbird VenturesFounderFuelGreylock PartnersReshape+4 more

Whirlscapegetdango.comDefunct

Whirlscape develops Dango, a mobile keyboard application that integrates emoji suggestions using machine learning and natural language processing techniques.

ConsumerSocialToronto, CA

Will Walmsley(Founder/CEO)inSeverin Smith(Founder)in

Co-investorsFundersClubY Combinator

Portfolio news

latest coverage across their companies

Frequently asked questions

How many investments has BDC Venture Capital made?
BDC Venture Capital has 25 tracked investments.
What stage does BDC Venture Capital invest at?
BDC Venture Capital invests at the Pre-Seed, Seed, Series A, Series B, Series C, Growth, Late Stage stages.
What is BDC Venture Capital's typical check size?
BDC Venture Capital typically writes checks of $365K – $25.6M.
What sectors does BDC Venture Capital focus on?
BDC Venture Capital focuses on AI & Machine Learning, Deep Tech, Sector Agnostic.
Where is BDC Venture Capital located?
BDC Venture Capital is headquartered in Montreal, CA.
Does BDC Venture Capital lead rounds?
BDC Venture Capital typically participates in rounds rather than leading them.
Who does BDC Venture Capital co-invest with?
BDC Venture Capital most often shares deals with BDC Fund Investments (Fund-of-Funds), BDC Industrial Innovation Venture Fund, Creative Destruction Lab (CDL), among 43 tracked co-investors.

Images

BDC Venture Capital photo

Co-investors · 67

OMERS Ventures

OMERS Ventures is a venture capital firm that invests in founders globally, with investment teams based in New York, Palo Alto, and Toronto.

Both backed · 1
$5M – $25M
M12 (Microsoft's Venture Fund)

M12 is Microsoft's venture fund, investing in companies building AI-native platforms and applications for business use cases.

Both backed · 1
$100K – $10M
Rho Ventures

Rho is an investment firm founded in 1981 that backs inventors, entrepreneurs, and operators across all stages of company growth to build market-defining companies.

Both backed · 1
$2M – $15M
Andreessen Horowitz

Andreessen Horowitz (a16z) is a venture capital firm founded in 2009 by Marc Andreessen and Ben Horowitz, known for pioneering the platform model with a large team of operators supporting founders across stages.

$500K – $50M
GV (Google Ventures)

GV (Google Ventures) is a venture capital firm that has invested in artificial intelligence and machine learning since its early days, building a global portfolio of more than 100 AI companies across infrastructure, life sciences, and applications.

$250K – $50M
Khosla Ventures

Khosla Ventures is a venture capital firm founded by Vinod Khosla.

$5K – $50M
Techstars

Techstars is a startup accelerator and early-stage investor that funds ambitious founders and provides capital, mentorship, and access to a global network of investors, operators, and corporate partners.

$220K
Index Ventures

Index Ventures is a multi-stage venture capital firm that backs companies from Seed to IPO and beyond, including through its dedicated seed fund Index Origin.

$540K – $10.8M
Redpoint Ventures

Redpoint Ventures is a venture capital firm established in 1999 by former partners from leading venture firms, focusing on early-stage technology companies across multiple sectors. The firm leverages its partners' technology investment experience and an extensive network of entrepreneurs and industry contacts to support portfolio company growth.

$100K – $10M
Notable Capital

Notable Capital is a venture capital firm that has partnered with founders for over two decades, backing companies from the earliest stages through to exit.

$5M – $50M
Bain Capital Ventures

BCV Labs is the platform and hands-on support arm of Bain Capital Ventures, providing portfolio founders with go-to-market strategy, brand development, hiring assistance, and customer introductions.

$1M – $100M
Everywhere Ventures

Everywhere Ventures is an early-stage venture firm, backed by a community of founders and operators as LPs, that writes early checks (including pre-seed) into startups across many sectors and geographies.

$250K
55 more co-investors

DCVC (Data Collective)True VenturesSOSVObvious VenturesInovia CapitalF-Prime CapitalIA VenturesNext47VenrockAIX Venturesboldstart venturesTCVHigh AlphaHyde Park Venture PartnersOrbiMedValar Ventures LlcCoelius CapitalHeavybitWhite Star CapitalHoxton VenturesRelay VenturesGolden VenturesVertex Ventures IsraelDrive CapitalBIOSPRING PARTNERSG2 Venture PartnersXfundAmazon Alexa FundGE Venturesmuru-DTTV CapitalPortage VenturesGrotech VenturesBuilders VCGranite AsiaAt One VenturesFINTOP CapitalFlying Fish VenturesThe Perkins FundIlluminate FinancialFramework Venture PartnersAnzu PartnersMercury FundPanache VenturesUltratech Capital PartnersAmplitude Venture CapitalEmerald Technology Ventures AgSands Capital VenturesChrysalixMetanoiaGrand VenturesFlight Deck CapitalRasmal VenturesFulcrum Global CapitalMontrose Lane

Firms observed investing alongside BDC Venture Capital, from public investor directories. Shared companies are the overlap with BDC Venture Capital's recorded portfolio.

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