# Who Invests With BDC Capital: 187 Co-Investors (2026) > The 187 investors that have backed two or more of the same startups as BDC Capital, by kind: vc firms, accelerators and private equity and asset managers. Source: https://millionrounds.com/portfolio-maps/bdc-venture-capital-co-investors (Millionrounds; every figure on the page links to its filing or article) ## VC firms 124 - [Inovia Capital](https://millionrounds.com/fund/inovia-capital) - [*IQ* Investissement Quebec](https://millionrounds.com/fund/investissement-quebec-2) - [Omers Ventures](https://millionrounds.com/fund/omers-ventures) - [MaRS Investment Accelerator Fund](https://millionrounds.com/fund/mars-investment-accelerator-fund) - [New Brunswick Innovation Foundation](https://millionrounds.com/fund/nbif) - [Techstars](https://millionrounds.com/fund/techstars) - [*AC* Atlantic Canada Opportunities Agency](https://millionrounds.com/fund/atlantic-canada-opportunities-agency) - [Golden Ventures](https://millionrounds.com/fund/golden-ventures) - [Garage Capital](https://millionrounds.com/fund/garage-capital-2) - [Mistral](https://millionrounds.com/fund/mistral) - [*V* VenGrowth](https://millionrounds.com/fund/vengrowth) - [HIGHLINEvc](https://millionrounds.com/fund/extreme-startups-now-highline-vc) - [CIBC](https://millionrounds.com/fund/cibc) - [Relay Ventures](https://millionrounds.com/fund/relay-ventures) - [Cycle Momentum](https://millionrounds.com/fund/cycle-momentum) - [Fonds de solidarite Ftq](https://millionrounds.com/fund/fonds-de-solidarite-ftq) - [Yaletown Partners](https://millionrounds.com/fund/yaletown-partners) - [CIBC Innovation Banking](https://millionrounds.com/fund/cibc-innovation-banking) - [*SD* Sustainable Development Technology Canada](https://millionrounds.com/fund/sustainable-development-technology-canada) - [FundersClub](https://millionrounds.com/fund/fundersclub) - [White Star Capital](https://millionrounds.com/fund/white-star-capital) - [*I* Innovacorp](https://millionrounds.com/fund/innovacorp) - [*CM* Canadian Medical Discoveries Fund](https://millionrounds.com/fund/canadian-medical-discoveries-fund) - [New Enterprise Associates](https://millionrounds.com/fund/new-enterprise-associates) +100 more ## Accelerators 14 - [Creative Destruction Lab](https://millionrounds.com/fund/creative-destruction-lab) - [Y Combinator](https://millionrounds.com/fund/y-combinator) - [Growlab Ventures](https://millionrounds.com/fund/growlab-ventures) - [Plug and Play](https://millionrounds.com/fund/plug-and-play) - [FounderFuel](https://millionrounds.com/fund/founderfuel) - [Luminate](https://millionrounds.com/fund/luminate-accelerator) - [MassChallenge](https://millionrounds.com/fund/masschallenge) - [Google for Startups](https://millionrounds.com/fund/google-for-startups) - [DMZ](https://millionrounds.com/fund/dmz-ventures) - [*CH* Communitech HYPERDRIVE](https://millionrounds.com/fund/communitech-hyperdrive) - [Entrepreneur First](https://millionrounds.com/fund/entrepreneurs-first) - [Extreme Venture Partners](https://millionrounds.com/fund/extreme-venture-partners) - [Founders Factory](https://millionrounds.com/fund/founder-s-factory) - [SVG Ventures](https://millionrounds.com/fund/svg-ventures) ## Private equity and asset managers 14 - [BDC Capital](https://millionrounds.com/fund/bdc-capital) - [Cycle Capital](https://millionrounds.com/fund/cycle-capital) - [Goldman Sachs](https://millionrounds.com/fund/goldman-sachs) - [National Bank of Canada](https://millionrounds.com/fund/national-bank-of-canada) - [Gaingels](https://millionrounds.com/fund/gaingels) - [OrbiMed](https://millionrounds.com/fund/orbimed) - [HarbourVest Partners](https://millionrounds.com/fund/harbourvest-partners) - [Ontario Municipal Employees Retirement System](https://millionrounds.com/fund/omers) - [Caisse de Depot et Placement du Quebec](https://millionrounds.com/fund/caisse-de-depot-et-placement-du-quebec) - [JMI Equity](https://millionrounds.com/fund/jmi-equity) - [Robeco](https://millionrounds.com/fund/robeco) - [Franklin Templeton](https://millionrounds.com/fund/franklin-templeton) - [Iconiq Capital](https://millionrounds.com/fund/iconiq-capital) - [Sands Capital Ventures](https://millionrounds.com/fund/sands-capital-ventures) ## Growth funds 12 - [Royal Bank of Canada](https://millionrounds.com/fund/royal-bank-of-canada) - [Relay](https://millionrounds.com/fund/relay) - [GeneChem](https://millionrounds.com/fund/genechem) - [Tandem Expansion Fund](https://millionrounds.com/fund/tandem-expansion-fund) - [*CC* Cycle Capital Management](https://millionrounds.com/fund/cycle-capital-management) - [*SV* Summerhill Venture Partners](https://millionrounds.com/fund/summerhill-venture-partners) - [Citibank](https://millionrounds.com/fund/citi) - [Intel](https://millionrounds.com/fund/intel) - [*CE* Chrysalix Energy](https://millionrounds.com/fund/chrysalix-energy) - [*CE* Chrysalix Energy Venture Capital](https://millionrounds.com/fund/chrysalix-energy-venture-capital) - [S2G Investments](https://millionrounds.com/fund/s2g-investments) - [H.I.G. Capital](https://millionrounds.com/fund/h-i-g-capital) ## Corporate investors 11 - [Bank of Montreal (BMO)](https://millionrounds.com/fund/bmo-financial-group) - [TELUS Ventures](https://millionrounds.com/fund/telus-pollinator-fund-for-good) - [Salesforce Ventures](https://millionrounds.com/fund/salesforce-ventures) - [EnerTech Capital](https://millionrounds.com/fund/enertech-capital) - [Amazon Alexa Fund](https://millionrounds.com/fund/amazon-alexa-fund) - [Deutsche Telekom](https://millionrounds.com/fund/deutsche-telekom) - [Advantage Capital](https://millionrounds.com/fund/advantage-capital) - [Presidio Ventures](https://millionrounds.com/fund/presidio-ventures) - [Samsung Next](https://millionrounds.com/fund/samsung-next) - [Colopl Next](https://millionrounds.com/fund/colopl-next) - [Intel Capital](https://millionrounds.com/fund/intel-capital) ## Government funds 8 - [Export Development Canada](https://millionrounds.com/fund/export-development-canada) - [Desjardins Venture Capital](https://millionrounds.com/fund/desjardins-venture-capital) - [Government of Canada](https://millionrounds.com/fund/government-of-canada) - [AQC Capital](https://millionrounds.com/fund/aqc-capital) - [Ontario](https://millionrounds.com/fund/ontario) - [Natural Resources Canada](https://millionrounds.com/fund/natural-resources) - [US Department of Energy](https://millionrounds.com/fund/u-s-department-of-energy) - [GO Capital Fund](https://millionrounds.com/fund/investissement-quebec) ## Angels and networks 4 - [*5G* 500 Global](https://millionrounds.com/fund/500-startups) - [Alliance of Angels](https://millionrounds.com/fund/alliance-of-angels) - [Anges Quebec](https://millionrounds.com/fund/anges-quebec) - [Startup TNT](https://millionrounds.com/fund/startup-tnt) ## Segment by segment ### VC firms 124 investors - [**Inovia Capital**](https://millionrounds.com/fund/inovia-capital) VC firm Canada 16 backed - [*IQ* **Investissement Quebec**](https://millionrounds.com/fund/investissement-quebec-2) Investment firm - 13 backed - [**Omers Ventures**](https://millionrounds.com/fund/omers-ventures) VC firm Canada 11 backed - [**MaRS Investment Accelerator Fund**](https://millionrounds.com/fund/mars-investment-accelerator-fund) VC firm Canada 11 backed - [**New Brunswick Innovation Foundation**](https://millionrounds.com/fund/nbif) VC firm Canada 10 backed - [**Techstars**](https://millionrounds.com/fund/techstars) VC firm United States 10 backed - [*AC* **Atlantic Canada Opportunities Agency**](https://millionrounds.com/fund/atlantic-canada-opportunities-agency) VC firm Canada 10 backed - [**Golden Ventures**](https://millionrounds.com/fund/golden-ventures) VC firm Canada 8 backed ### Accelerators 14 investors - [**Creative Destruction Lab**](https://millionrounds.com/fund/creative-destruction-lab) Accelerator Canada 23 backed - [**Y Combinator**](https://millionrounds.com/fund/y-combinator) Accelerator United States 21 backed - [**Growlab Ventures**](https://millionrounds.com/fund/growlab-ventures) Accelerator Canada 6 backed - [**Plug and Play**](https://millionrounds.com/fund/plug-and-play) Accelerator United States 5 backed - [**FounderFuel**](https://millionrounds.com/fund/founderfuel) Accelerator Canada 5 backed - [**Luminate**](https://millionrounds.com/fund/luminate-accelerator) Accelerator United States 4 backed - [**MassChallenge**](https://millionrounds.com/fund/masschallenge) Accelerator United States 4 backed - [**Google for Startups**](https://millionrounds.com/fund/google-for-startups) Accelerator United States 3 backed ### Private equity and asset managers 14 investors - [**BDC Capital**](https://millionrounds.com/fund/bdc-capital) Investor United States 9 backed - [**Cycle Capital**](https://millionrounds.com/fund/cycle-capital) Private equity Canada 5 backed - [**Goldman Sachs**](https://millionrounds.com/fund/goldman-sachs) Private equity United States 5 backed - [**National Bank of Canada**](https://millionrounds.com/fund/national-bank-of-canada) Private equity Canada 4 backed - [**Gaingels**](https://millionrounds.com/fund/gaingels) Private equity United States 4 backed - [**OrbiMed**](https://millionrounds.com/fund/orbimed) Private equity United States 4 backed - [**HarbourVest Partners**](https://millionrounds.com/fund/harbourvest-partners) Fund of funds United States 4 backed - [**Ontario Municipal Employees Retirement System**](https://millionrounds.com/fund/omers) Investor Canada 3 backed ### Growth funds 12 investors - [**Royal Bank of Canada**](https://millionrounds.com/fund/royal-bank-of-canada) Growth fund Canada 10 backed - [**Relay**](https://millionrounds.com/fund/relay) Growth fund Canada 3 backed - [**GeneChem**](https://millionrounds.com/fund/genechem) Growth fund Canada 3 backed - [**Tandem Expansion Fund**](https://millionrounds.com/fund/tandem-expansion-fund) Growth fund Canada 3 backed - [*CC* **Cycle Capital Management**](https://millionrounds.com/fund/cycle-capital-management) Growth fund - 2 backed - [*SV* **Summerhill Venture Partners**](https://millionrounds.com/fund/summerhill-venture-partners) Growth fund United States 2 backed - [**Citibank**](https://millionrounds.com/fund/citi) Growth fund United States 2 backed - [**Intel**](https://millionrounds.com/fund/intel) Growth fund United States 2 backed ### Corporate investors 11 investors - [**Bank of Montreal (BMO)**](https://millionrounds.com/fund/bmo-financial-group) Corporate investor Canada 5 backed - [**TELUS Ventures**](https://millionrounds.com/fund/telus-pollinator-fund-for-good) Corporate investor Canada 3 backed - [**Salesforce Ventures**](https://millionrounds.com/fund/salesforce-ventures) Corporate investor United States 3 backed - [**EnerTech Capital**](https://millionrounds.com/fund/enertech-capital) Corporate investor United States 3 backed - [**Amazon Alexa Fund**](https://millionrounds.com/fund/amazon-alexa-fund) Corporate investor United States 2 backed - [**Deutsche Telekom**](https://millionrounds.com/fund/deutsche-telekom) Corporate investor Germany 2 backed - [**Advantage Capital**](https://millionrounds.com/fund/advantage-capital) Corporate investor United States 2 backed - [**Presidio Ventures**](https://millionrounds.com/fund/presidio-ventures) Corporate investor United States 2 backed ### Government funds 8 investors - [**Export Development Canada**](https://millionrounds.com/fund/export-development-canada) Government fund Canada 29 backed - [**Desjardins Venture Capital**](https://millionrounds.com/fund/desjardins-venture-capital) Government fund Canada 10 backed - [**Government of Canada**](https://millionrounds.com/fund/government-of-canada) Government fund Canada 7 backed - [**AQC Capital**](https://millionrounds.com/fund/aqc-capital) Government fund Canada 4 backed - [**Ontario**](https://millionrounds.com/fund/ontario) Government fund Canada 3 backed - [**Natural Resources Canada**](https://millionrounds.com/fund/natural-resources) Government fund Canada 2 backed - [**US Department of Energy**](https://millionrounds.com/fund/u-s-department-of-energy) Government fund United States 2 backed - [**GO Capital Fund**](https://millionrounds.com/fund/investissement-quebec) Government fund Canada 2 backed ### Angels and networks 4 investors - [*5G* **500 Global**](https://millionrounds.com/fund/500-startups) Angel investor United States 9 backed - [**Alliance of Angels**](https://millionrounds.com/fund/alliance-of-angels) Angel network United States 3 backed - [**Anges Quebec**](https://millionrounds.com/fund/anges-quebec) Angel network Canada 2 backed - [**Startup TNT**](https://millionrounds.com/fund/startup-tnt) Angel network Canada 2 backed **How this map is made.** Every investor here has backed two or more of the same startups as BDC Capital, in rounds we track. Grouped by kind, each ranked by how many startups it shares with BDC Capital. Rebuilt nightly; updated 15 November 2026. ## More portfolio maps [All portfolios](https://millionrounds.com/portfolio-maps) [Portfolio map **BDC Capital portfolio map** 192 startups · $7.8B](https://millionrounds.com/portfolio-maps/bdc-venture-capital-portfolio-map)[Sector portfolio **BDC Capital's AI portfolio** 35 startups · $1.9B](https://millionrounds.com/portfolio-maps/bdc-venture-capital-ai-portfolio)[Sector portfolio **BDC Capital's Biotech portfolio** 28 startups · $1.1B](https://millionrounds.com/portfolio-maps/bdc-venture-capital-biotech-portfolio)[Sector portfolio **BDC Capital's IT Services portfolio** 25 startups · $332M](https://millionrounds.com/portfolio-maps/bdc-venture-capital-it-services-portfolio)[Investments abroad **BDC Capital's investments in the United States** 19 startups · $2.0B](https://millionrounds.com/portfolio-maps/bdc-venture-capital-investments-united-states)[Sector portfolio **BDC Capital's Big Data & Analytics portfolio** 14 startups · $141M](https://millionrounds.com/portfolio-maps/bdc-venture-capital-big-data-analytics-portfolio) ## Raising from investors like BDC Capital? 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