# BCE Inc (Bell Canada Enterprises): portfolio, investments and team

> BCE Inc (Bell Canada Enterprises) is a corporate vc based in Canada. 11 investments on record, 1 in the last 12 months, latest May 2026.

Source: https://millionrounds.com/fund/bell-ventures (Millionrounds; every figure on the page links to its filing or article)

Canada · [Investor](https://millionrounds.com/investors)

# BCE Inc (Bell Canada Enterprises)

Last cheque observed May 2026; 11 cheques on record.

Deploying now Corporate VC

Seed Series A Enterprise Software Software Information And Communications Technology (ict)

Deploying now

**100%** of best year **1** **cheques in 12 months**, 11 on record

Since the last cheque **167** days **00** hrs **00** min **00** sec

Median round **$200M** Rounds led **0 of 11** Exits **5 from the portfolio** Mostly in **Canada, 64%**

Pitch BCE Inc (Bell Canada Enterprises)

## BCE Inc (Bell Canada Enterprises) highlights

- 01 1 cheques in the last 12 months
- 02 Mostly Series A and Series B: 70% of its rounds
- 03 5 exits from the portfolio

## What they do

- **Type:** Corporate VC (from a list, unverified)
- **Cheque size:** Not stated
- **Stages:** Seed Series A
- **Sectors:** Enterprise Software Software Information And Communications Technology (ict)
- **Based in:** Montreal, Canada
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **11 appearances**

- **2026** 1 round
- **May** **[Photonic Inc.](https://millionrounds.com/company/photonic-inc)** CA · Firms' own news pages **$200M** With 10 others
- **2007** 3 rounds
- **Jul** **[Simpler Networks](https://millionrounds.com/company/simpler-networks)** Series C · CA **$9.0M** With 4 others
- **May** **[Salesforce Radian6](https://millionrounds.com/company/salesforce-radian6)** Series A · CA · venturebeat.com **$4.0M** With 3 others
- **Apr** **[Ellacoya Networks](https://millionrounds.com/company/ellacoya-networks)** Series E · US **$13M** With 4 others
- **2005** 5 rounds
- **Dec** **[Third Brigade](https://millionrounds.com/company/third-brigade)** Series B · CA **$11M** With 3 others
- **Nov** **[Trust Digital](https://millionrounds.com/company/trust-digital)** Series B · US · trustdigital.com **$9.0M** With 3 others
- **Aug** **[Intellon Corporation](https://millionrounds.com/company/intellon-corporation)** Series B · US **$25M** With 12 others
- **Apr** **[Third Brigade](https://millionrounds.com/company/third-brigade)** Series A · CA · encyclopedia.com **$5.0M** With 2 others
- **Jan** **[Vantrix](https://millionrounds.com/company/vantrix)** Series A · CA **$10M** With 2 others
- **2004** 1 round
- **May** **[Simpler Networks](https://millionrounds.com/company/simpler-networks)** Series A · CA **$16M** With 4 others
- **2002** 1 round
- **Jan** **[Catena Networks](https://millionrounds.com/company/catena-networks)** Series D · US **$75M** With 9 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 **10** 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 listed **5 in all**

**[Salesforce Radian6](https://millionrounds.com/company/salesforce-radian6)** Bought by Salesforce **$326M** Mar 2011

**[Trust Digital](https://millionrounds.com/company/trust-digital)** Bought by [McAfee](https://millionrounds.com/fund/mcafee) **Undisclosed** May 2010

**[Intellon Corporation](https://millionrounds.com/company/intellon-corporation)** Bought by Qualcomm Atheros **$244M** Sept 2009

**[Third Brigade](https://millionrounds.com/company/third-brigade)** Bought by Trend Micro **Undisclosed** Apr 2009

**[Catena Networks](https://millionrounds.com/company/catena-networks)** Bought by [Ciena](https://millionrounds.com/fund/ciena) **Undisclosed** Feb 2004

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

## Companies it bought

Acquisitions by the firm itself

**[GLENTEL](https://millionrounds.com/company/glentel)** **$670M** Nov 2014

**Q9 Networks** **$1.1B** Jan 2012

## The cheque

Seed Series A

Median round joined **$200M** the round, not its cheque

Led 0 of 11 rounds **0%**

- **Sole investor:** Never alone
- **Last cheque:** May 2026
- **Exits:** 5 from the portfolio

Rounds by stage said on their site

- Series A said *4*
- Series B *3*
- Series C *1*
- Series D *1*
- Series E *1*
- Seed said *-*

Cheques by month Led Joined

Nov 2023 Oct 2026

Often in the room with

- [BDC Capital](https://millionrounds.com/fund/bdc-venture-capital) 5
- [Celtic House Venture Partners](https://millionrounds.com/fund/celtic-house-venture-partners) 2
- [Goldman Sachs](https://millionrounds.com/fund/goldman-sachs) 2
- [Highland Capital Partners](https://millionrounds.com/fund/highland-capital-partners) 2
- [Kodiak Venture Partners](https://millionrounds.com/fund/kodiak-venture-partners) 2
- [Solidarity Fund QFL](https://millionrounds.com/fund/solidarity-fund-qfl) 2

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## Who they invest alongside

The investors most often in the same rounds as BCE Inc (Bell Canada Enterprises). A count of rooms they were both in, not a relationship either has claimed.

[**BDC Capital** VC firm **5** rounds together](https://millionrounds.com/fund/bdc-venture-capital)[**Celtic House Venture Partners** VC firm **2** rounds together](https://millionrounds.com/fund/celtic-house-venture-partners)[**Goldman Sachs** Private equity **2** rounds together](https://millionrounds.com/fund/goldman-sachs)[**Highland Capital Partners** VC firm **2** rounds together](https://millionrounds.com/fund/highland-capital-partners)[**Kodiak Venture Partners** VC firm **2** rounds together](https://millionrounds.com/fund/kodiak-venture-partners)[**Solidarity Fund QFL** Investment firm **2** rounds together](https://millionrounds.com/fund/solidarity-fund-qfl)[**Summerhill Venture Partners** Growth equity **2** rounds together](https://millionrounds.com/fund/summerhill-venture-partners)

## Quick answers about BCE Inc (Bell Canada Enterprises)

### What does BCE Inc (Bell Canada Enterprises) invest in?

BCE Inc (Bell Canada Enterprises) invests most often at Series A and Series B (70% of the rounds on record), in sectors such as Enterprise Software, Software and Information And Communications Technology (ict).

### How active is BCE Inc (Bell Canada Enterprises)?

11 investments on record, 1 of them in the last 12 months. The most recent was in May 2026.

### What has BCE Inc (Bell Canada Enterprises) invested in recently?

Its most recent investments on record: Photonic Inc. (Undisclosed round, May 2026).

### How big are BCE Inc (Bell Canada Enterprises)'s cheques?

The median round it joins is $200M.

### Does BCE Inc (Bell Canada Enterprises) lead rounds?

Rarely, if at all: none of its 11 investments on record names it as the lead.

### Where does BCE Inc (Bell Canada Enterprises) invest?

Most of the companies it backs are in Canada (64%) and the United States (36%).

### Is BCE Inc (Bell Canada Enterprises) investing now?

Yes: it is actively investing, with 1 investments in the last 12 months.

### Who does BCE Inc (Bell Canada Enterprises) invest alongside?

Most often BDC Capital (5 rounds together), Celtic House Venture Partners (2 rounds together) and Goldman Sachs (2 rounds together).

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