Canada · Investor

BDC Capital

Last cheque observed Sep 2026; 685 cheques on record.

Deploying nowVC firm

Pre-seedSeedSeries ABusiness-to-businessB2b2cEnterprise

Deploying now
83%of best year67cheques in 12 months, 685 on record
Since the last cheque37days00hrs00min00sec
Median round$6.0MCheque size, as they say$500K – $7.5MRounds led2 of 685Sole investor97 roundsExits40 from the portfolioMostly inCanada, 98%
Pitch BDC Capital

BDC Capital highlights

  1. 01

    67 cheques in the last 12 months

  2. 02

    Mostly Venture and Seed: 53% of its rounds

  3. 03

    Sole investor in 97 rounds, median $1.7M

  4. 04

    40 exits from the portfolio

What they do

We are BDC, the Business Development Bank of Canada and the financial institution devoted to Canadian entrepreneurs.From their own website
Type
VC firm (from a list, unverified)
Cheque size
$500K – $7.5M as they say
Stages
Pre-seedSeedSeries ASeries B
Sectors
Business-to-businessB2b2cEnterprise
Based in
Montreal, Canada
Cold pitches
Not stated

The record

Every round we can evidence, newest first685 appearances

  1. 2026

    57 rounds

  2. Sept
    AxyaSeries A · CA · BetaKit$12MWith 7 others
  3. Sept
    UltimariiSeries A · CA · BetaKit$9.4MLed
  4. Sept
    Vivid MachinesGrant · CA$1.2MWith 3 others
  5. Sept
    Summit NanotechCA$3.0MWith 1 other
  6. Sept
    QRAGrant · CA$289KWith 4 others
  7. Aug
    FemtumDebt · CA$1.4MWith 2 others
  8. Jul
    EavorGrant · CA$5.6MWith 3 others
  9. Jun
    Dominion DynamicsSeries A · CA · Ventureburn$98MWith 17 others
  10. Jun
    Picketa SystemsSeed · CA · East Valley Ventures$2.1MWith 9 others
  11. Jun
    SELL IT9Seed · CA$2.9MWith 3 others
  12. Jun
    Spring Loaded TechnologyVenture · CAUndisclosedWith 3 others
  13. Jun
    KOHO FinancialSeries E · CA$93MWith 3 others
  14. May
    Nord QuantiqueCA · TechStartups$30MWith 8 others
  15. May
    Photonic Inc.CA · Firms' own news pages$200MWith 10 others
  16. May
    Bonsai MicroGrant · CA$451KSole investor
  17. May
    LastwallSeries A · US$16MWith 4 others
  18. May
    Myomar MolecularDebt · CA$1.4MWith 2 others
  19. May
    RanovusGrant · CA$1.1MWith 2 others
  20. May
    XanaduCA$300MWith 4 others
  21. May
    AnaergiaDebt · CA$15MWith 2 others
  22. May
    NozeVenture · CAUndisclosedWith 2 others
  23. May
    BlumindGrant · CA$1.1MWith 3 others
  24. Apr
    A&K RoboticsSeries A · CA · TechStartups$5.9MWith 8 others
  25. Apr
    Carbon Upcycling TechnologiesDebt · CA · Ventureburn$10MWith 3 others
  26. Apr
    MarineLabs Data Systems Inc.Grant · CA$223KWith 2 others
  27. Apr
    OpaliaSeed · CA$2.3MWith 3 others
  28. Apr
    Sanctuary Cognitive Systems CorporationVenture · CA$1.5MWith 3 others
  29. Apr
  30. Apr
    Zetane SystemsSeed · CA$1.8MWith 1 other
  31. Apr
    QuadshiftVenture · CAUndisclosedSole investor
  32. Mar
  33. Mar
    Canada Rocket CompanyGrant · CA$6.1MWith 3 others
  34. Mar
    Myomar MolecularGrant · CA$37KWith 1 other
  35. Mar
    FemtumSeries A · CA$12MWith 1 other
  36. Mar
    Northstar Clean TechnologiesDebt · CA$9.0MWith 1 other
  37. Mar
    Charli AIDebt · CA$356KWith 1 other
  38. Feb
    JetScaleAISeed · CA · Diagram$5.4MWith 4 others
  39. Feb
    HydrostorVenture · CAUndisclosedWith 2 others
  40. Feb
    MIMOSA DiagnosticsVenture · CA$100KWith 3 others
  41. Feb
    HaplySeed · CA$12MWith 3 others

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

The team

We hold 78 people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

Exits from the portfolio

Companies it backed that were later bought or listed40 in all

TeradiciBought by HpUndisclosedOct 2021
WanteringBought by CliqueUndisclosedNov 2015
GridPointBought by Twenty First Century UtilitiesUndisclosedNov 2015
HurrierBought by FoodoraUndisclosedSept 2015
Triacta Power TechnologiesBought by EnerCare$7.5MJun 2015
Bluestreak TechnologyBought by Espial GroupUndisclosedJun 2015
Mobidia TechnologyBought by App AnnieUndisclosedMay 2015
LearndotBought by ServiceRocketUndisclosedJan 2015
RetslyBought by ZillowUndisclosedJul 2014
SeaWell NetworksBought by Arris GroupUndisclosedApr 2014
ListnBought by SFX EntertainmentUndisclosedJan 2014
iWeb TechnologiesBought by Internap$145MOct 2013
OpeneraBought by LiveQoSUndisclosedOct 2013
Neuralitic SystemsBought by GuavusUndisclosedJan 2013
CytochromaBought by OPKO HealthUndisclosedJan 2013
CovarityBought by Constellation SoftwareUndisclosedApr 2012
BelAir NetworksBought by EricssonUndisclosedApr 2012
SiGe SemiconductorBought by Skyworks Solutions$275MMay 2011

The latest 20 here. An exit counts when it came after the firm's first round in the company. From historical deal records.

Who they invest alongside

The investors most often in the same rounds as BDC Capital. A count of rooms they were both in, not a relationship either has claimed.

Recently backed

The latest companies BDC Capital put money into.

Quick answers about BDC Capital

What does BDC Capital invest in?

BDC Capital invests most often at Venture and Seed (53% of the rounds on record), in sectors such as Business-to-business, B2b2c and Enterprise.

How active is BDC Capital?

685 investments on record, 67 of them in the last 12 months, and it led 2. The most recent was in Sept 2026.

What has BDC Capital invested in recently?

Its most recent investments on record: Axya (Series A, Sept 2026), Ultimarii (Series A, Sept 2026) and Vivid Machines (Grant, Sept 2026).

How big are BDC Capital's cheques?

The median round it joins is $6.0M. It says it writes cheques of $500K to $7.5M.

Does BDC Capital lead rounds?

Sometimes: it led 2 of its 685 investments on record (0%).

Where does BDC Capital invest?

Most of the companies it backs are in Canada (98%).

Is BDC Capital investing now?

Yes: it is actively investing, with 67 investments in the last 12 months.

Who does BDC Capital invest alongside?

Most often GrowthWorks (50 rounds together), Export Development Canada (39 rounds together) and Real Ventures (36 rounds together).

Raising now?

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Built from the rounds we watched, its filings and its own website, refreshed every night. How we count · Report a correction · Is this your firm? Claim it