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    BDC's Industrial Innovation Venture Fund logo

    BDC's Industrial Innovation Venture Fund

    Montreal, CanadaFounded 2019
    www.bdc.ca/en/bdc-capital/venture-capital/funds/industrial-innovation-venture-fund
    ManufacturingFood & AgricultureHardware & SemiconductorsRobotics & Automation

    BDC's Industrial Innovation Venture Fund is a venture capital fund managed by BDC Capital, the investment arm of the Business Development Bank of Canada. It provides direct equity investment and strategic support to Canadian technology companies in legacy industrial sectors including advanced manufacturing, agri-tech, food-tech, and extractive industries.

    Their most common stage is series-a (43% of deals). Average disclosed round size is $37.1M (across 14 rounds with reported amounts).

    Find people at BDC's Industrial Innovation Venture Fund on Goldilocks AI

    Portfolio

    18

    Fund Size

    —

    Top Stage

    Series A

    Last 12 Mo

    3

    Team

    AA

    Aditya Aggarwal

    Managing Partner

    BT

    Byron Thom

    Partner

    ES

    Erin Sheets

    Partner

    JG

    Jonathan Goodkey

    Partner

    NG

    Nicolas Gravel

    Partner

    AL

    Alexander Lazier

    Associate Principal

    Alexandre Préfontaine

    Alexandre Préfontaine

    Principal

    LK

    Leana Keto

    Principal

    AP

    Akhilesh Prabhu

    Associate

    LL

    Laurence Lavoie-Aubuchon

    Associate

    AG

    Abhi Gupta

    Analyst

    PR

    Perry Rizzo

    CEO — Axiom Group

    Portfolio Breakdown

    Stage Distribution

    Sector Distribution

    Investment Activity

    DealsAvg Round Size

    Portfolio

    23 investments
    CompanyRoundAmountDate
    Axya logoAxyaSeries A—Sep 2026
    Ultimarii logoUltimariiSeries A$13MSep 2026
    A&K Robotics logoA&K RoboticsSeries A$8MApr 2026
    4AG Robotics logo4AG RoboticsSeries B$40MJul 2025
    Apera AI logoApera AISeries A—Jul 2025
    Nanoprecise logoNanopreciseSeries C$38MMar 2025
    Veerum logoVeerumGrowth$9.3MMay 2023
    Kepler Communications logoKepler CommunicationsSeries C$92MApr 2023
    BBrizo FoodmetricsSeries A$12MApr 2023
    BBrizo Data, Inc.Series A$12MApr 2023
    Nanoprecise logoNanopreciseSeries B$10MJan 2023
    Kepler Communications logoKepler CommunicationsSeries C$92MJan 2023
    Kepler Communications logoKepler CommunicationsSeries C$92MJan 2023
    KKepler Communications Inc.Series C$92MJan 2023
    4AG Robotics logo4AG RoboticsSeries A—Jan 2023
    AAcerta AnalyticsSeries B—Nov 2022
    Veerum logoVeerumSeries A—Feb 2021
    Veerum logoVeerumSeries A$7.4MJan 2021
    Maxa logoMaxaSeries A——
    SSkygauge RoboticsSeed——
    SSol Cuisine IncUnknown——
    BinSentry logoBinSentrySeed$2.1M—
    Skygauge logoSkygaugeSeed——

    Top Co-Investors

    Costanoa Ventures4 shared
    Tribe Capital4 shared
    Canaan Partners4 shared
    Export Development Canada3 shared
    Builders VC3 shared
    Evok Innovations3 shared
    Framework Ventures3 shared
    Blackhorn Ventures2 shared
    Creative Ventures2 shared
    Brick & Mortar Ventures2 shared
    Techstars2 shared
    Tribe2 shared
    BDC Capital2 shared
    SOSV2 shared
    Yaletown Partners1 shared
    BMO Capital Partners1 shared
    FundersClub1 shared
    Plug and Play Tech Center1 shared
    York IE1 shared
    AQC Capital1 shared

    Last updated: 20 October 2026