BDC Venture Capital

Investor - Venture Capital

Overview

BDC Venture Capital invests in technology companies in Canada. They are a committed investment partner who initially look to invest between $250k and $3m.

Country: Canada

Founded: 1944

Headquarters: 5, Place Ville Marie, Suite 400 Montreal, Quebec H3B 5E7

Investment Strategy

Geography

  • North America

Sector Focus

  • Payments and Remittances
  • Infrastructure and Enterprise Software
  • Data and Analytics

Investment Stage

  • Seed
  • Early Stage Venture
  • Series A
  • Series B
  • Series C

Summary

BDC are Canada’s business development bank and the only financial institution dedicated exclusively to entrepreneurs. BDC Venture Capital are committed to building outstanding companies by providing, sound business advice and smart money. The firm have more than $1bn under management and almost 30 years of experience. BDC Venture Capital invest directly in emerging Canadian IT companies via its BDC Capital IT Venture Fund.

BDC Venture Capital look to invest in companies who display the following qualities:

  • A distinct, sustainable competitive advantage.
  • A technological platform with broader applications than a single product or market.
  • A higly skilled and committed management team.
  • A clearly defined and realistic business plan.
  • A market opportunity to support fast and long-term growth.

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Investments

Date

Name

Size

Round

Co-Investors

Sector

Country

March 2016

Wave

$22.1m

Series C

  The Social+Capital Partnership

Infrastructure & Enterprise Software

Canada

May 2015

Wave

$10m

Series C

  CRV

Infrastructure & Enterprise Software

Canada

January 2014

Tacit Innovations

$700k

Seed

  Canrock

Payments & Remittances

Canada

2016

Hubdoc

N/D

Infrastructure & Enterprise Software

Canada

December 2012

Canopy Labs

$1.5m

Seed

Valar Ventures

Data & Analytics

Canada

Funds Raised

Vintage

Fund Name

Amount

2016

IT Venture Fund II

$150m

Key Employees

Robert Simmon
Senior Managing Partner (IT Venture Fund)

Ron Warburton
Managing Partner (IT Venture Fund)

Peter Misek
Partner (IT Venture Fund)

Steven Abrams
Partner (IT Venture Fund)

Andrew Lugsdin
Partner (IT Venture Fund)