BDC's Industrial Innovation Venture Fund
Montreal, CanadaFounded 2019
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-c (43% of deals). Average disclosed round size is $47.7M (across 5 rounds with reported amounts).
Portfolio
6
Fund Size
—
Top Stage
Series C
Last 12 Mo
0
Team
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
7 investments
| Company | Round | Amount | Date |
|---|---|---|---|
 Nanoprecise | Series C | $38M | Mar 2025 |
 Veerum | Growth | $9.3M | May 2023 |
 Kepler Communications | Series C | $92M | Jan 2023 |
| Veerum | Series A | $7.4M | Jan 2021 |
 Kepler Communications | Series C | $92M | — |
 Maxa | Series A | — | — |
| SSkygauge Robotics | Seed | — | — |
Top Co-Investors
Builders VC2 shared
Blackhorn Ventures2 shared
Evok Innovations2 shared
Costanoa Ventures2 shared
Tribe Capital2 shared
Canaan Partners2 shared
Export Development Canada1 shared
Yaletown Partners1 shared
BMO Capital Partners1 shared
Creative Ventures1 shared
Brick & Mortar Ventures1 shared
Techstars1 shared
Plug and Play Tech Center1 shared
Framework Ventures1 shared
York IE1 shared
AQC Capital1 shared
Snowflake Ventures1 shared
SOSV1 shared
HAX1 shared
Last updated: 8 September 2026