BDC Capital is the investment arm of the Business Development Bank of Canada (BDC), a Crown corporation wholly owned by the Government of Canada. It is Canada's largest and most active venture capital investor, providing capital across seed, growth, and late stages to innovative Canadian technology companies.
Average disclosed round size is $26.8M (across 153 rounds with reported amounts).
Portfolio
144
Fund Size
$500M
Top Stage
Series A
Last 12 Mo
6
Team
Victor Scutaru
Managing Director
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
195 investments
| Company | Round | Amount | Date |
|---|---|---|---|
 A&K Robotics | Series A | $8M | Apr 2026 |
 Mecademic | Series B | — | Feb 2026 |
 AON3D | Seed | — | Jan 2026 |
 Float | Series C | — | Jan 2026 |
 Float | Series C | — | Jan 2026 |
 Femtum | Series A | $16M | Jan 2026 |
 Stathera | Series B | $55M | Jan 2026 |
 Enurgen | Seed | $4.1M | Oct 2025 |
 Cohere | Growth | $100M | Sep 2025 |
 ShopVision | Seed | $4.1M | Sep 2025 |
 Apera AI | Series A | — | Jul 2025 |
| CConquest Planning Inc. | Series B | $80M | Jun 2025 |
 Exterra Carbon Solutions | Unknown | — | May 2025 |
 Blumind | Series A | — | Apr 2025 |
 Quadshift | Growth | $23M | Feb 2025 |
 Veerum | Series B | — | Jan 2025 |
 Mangrove | Unknown | $35M | Jan 2025 |
 Mangrove Lithium | Unknown | $35M | Jan 2025 |
 Vive Crop Protection, Inc. | Series C | $10M | Jan 2025 |
 Cybrid | Series A | $10M | Jan 2025 |
 Conquest | Series B | $80M | Jan 2025 |
| Apera AI | Series A | — | Jan 2025 |
 Planetary Technologies | Series A | $11.3M | Oct 2024 |
 Laserax | Series C | $45.5M | Oct 2024 |
 Ayrton Energy | Seed | $6.8M | Sep 2024 |
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Top Co-Investors
Export Development Canada26 shared
Real Ventures20 shared
Desjardins Capital15 shared
Yaletown Partners12 shared
MaRS IAF12 shared
Investissement Québec9 shared
Golden Ventures7 shared
Evok Innovations7 shared
Inovia Capital7 shared
Celtic House Venture Partners6 shared
Portage Ventures6 shared
Innospark Ventures6 shared
CIBC Innovation Banking6 shared
Garage Capital6 shared
Fonds de solidarité FTQ6 shared
BMO Capital Partners5 shared
Fidelity Investments5 shared
Domain Associates5 shared
Last updated: 7 October 2026