BDC Venture Capital is a major venture capital investor in Canada founded in 1975 and headquartered in Montréal. BDC has been the most active investor in the Payments & Remittances sector in Canada since 2014 participating in six transactions during the period.
BDC Venture Capital was very active in 2016 with two of its six Payments & Remittances investments being completed that year. The firm invested in a $1.3m seed round raised by LemonStand, a customisable e-commerce platform aimed at mid-sized merchants. BDC Venture Capital was joined in the round by Paul Rochester, Hank Massey, Barry X Lynn and BDC Capital Corporation.
The most recent transaction in the subsector that BDC Venture Capital partook in was a $15m Series A round in 2017 that was raised by Mobify, a mobile-first e-commerce platform which integrates all the technologies retailers need to leverage how mobile phones are used. Other investors in the round include Vistara Capital Partners, Impulse International for Telecommunications and Comerica Incorporated.
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