Business Development Bank of Canada
VC Fund
Montréal, Canada
Business Development Bank of Canada is a VC fund in Montréal focused on Software and Information Technology. BDC offers financing, consulting services, subordinate financing and venture capital. They focus on small and medium-sized enterprises (SMEs). BDC's services are available across Canada in both official languages through a network of more than 100 offices. Its head office is in Montreal.
- Total investments:
- 153
- Last investment:
- Lead investor:
- 45%
Last updated:
For AI agents: llms.txt
Industries Business Development Bank of Canada invests in
Stages Business Development Bank of Canada invests in
Countries Business Development Bank of Canada invests in
Round sizes
Contacts
| Name | Phone | Socials | |
|---|---|---|---|
| See all 16 contacts → | |||
Round size
- Seed
- $1.2M–$5M
- Debt Financing
- $350k–$130M
- Venture - Series Unknown
- $453k–$40M
Investment Focus
Industry
- Software 33 (22%)
- Information Technology 20 (13%)
- Manufacturing 16 (10%)
- Energy 13 (8%)
- Artificial Intelligence 12 (8%)
Stage
- Seed 23 (15%)
- Venture - Series Unknown 22 (14%)
- Debt Financing 17 (11%)
- Series A 15 (10%)
- Grant 12 (8%)
Country
- Canada 129 (84%)
- United States 2 (1%)
Team
| Name | Title | Investments | Links | |
|---|---|---|---|---|
Benoit Forcier
Cleantech Practice
|
Cleantech Practice | Total investments: 7 | Find email | |
Benoit Mignacco
Vice-President, Portfolio Management - Growth Capital and Business Transfer
|
Vice-President, Portfolio Management - Growth Capital and Business Transfer | Total investments: 1 | Find email | |
Chantal Belzile
Management
|
Management | Total investments: 0 | Find email | |
Jack Fraser
Partner - Late Stage Growth Fund
|
Partner - Late Stage Growth Fund | Total investments: 18 | Find email | |
Jérôme Nycz
Executive Vice President, BDC Capital
|
Executive Vice President, BDC Capital | Total investments: 22 | Find email | |
| See all 16 team members → | ||||
Investments
| Company | Description | Round | Links |
|---|---|---|---|
| Highwood Asset Management is an asset management company that manages oil production and oil midstream spaces. | $103.1M / Post-IPO Debt / Jul 03, 2025 | ||
| LSL Pharma Group is a manufacturing company that innovates and manufactures life sciences products. Formed to integrate the operations of its Canadian subsidiaries, each boasting over two decades of expertise, LSL Pharma Group excels as a niche manufacturer in the life science industry. The company offers turnkey formulation, development andmanufacturing services. | $12.8M / Post-IPO Debt / Jun 27, 2025 | ||
| Conquest Planning provides financial planning software that integrates AI-driven analytics, real-time collaboration, and open APIs to support advisory workflows. The platform offers digital self‑service, collaborative hybrid, and traditional advisor‑led modes tailored to varied client needs. Its Strategic Advice Manager dynamically generatespersonalized strategies and adjusts plans using client data and tax‑aware modeling. The system centralizes data integration, scenario testing, and reporting to streamline advisor efficiency and client engagement. Multiple financial institutions deploy the platform to automate plan creation and foster goal‑based conversations without replacing human expertise. | $80M / Series B / Jun 23, 2025 | ||
| Carbon Upcycling converts industrial CO₂ emissions and byproducts into engineered low‑carbon cement materials, deploys modular capture and utilization systems at hard‑to‑decarbonize facilities, and supplies circular construction inputs that support supply chain resilience and emission reduction goals. | $18M / Convertible Note / Jun 18, 2025 | ||
| Eli empowers women to understand their body and the transitions it goes through every day, and across life. We develop a device that uses saliva to capture hormone fluctuations at home, and an app that gives women the information they want to own their health decisions. | $12M / Series A / Jun 10, 2025 | ||
| HostPapa's goal is to provide every customer with a fully-featured hosting package, backed by top customer service and powered by renewable green energy. HostPapa is an established, privately owned company and a leader in high-value, low-cost hosting.Over the years, HostPapa has built a solid reputation for their commitment to security,reliability, technical expertise and the best in customer support.Although HostPapa has experienced considerable growth, one thing hasn't changed: they have always believed in treating each HostPapa customer as part of the family. They aim to treat their family well, and strive to provide uninterrupted service, comprehensive educational resources, and all the tools needed to develop an exciting, accessible, quality website. | $130M / Debt Financing / Jun 03, 2025 | ||
| Northstar Clean Technologies focuses on the recovery of components and provides Environmentally-friendly reprocessing solutions for single-use asphalt shingles. The company was founded in 2017 and is headquartered in Delta, British Columbia, Canada. | $6.3M / Post-IPO Debt / May 20, 2025 | ||
| CES Energy Solutions is an energy company that provides consumable chemical solutions for the North American oil and gas industry. Its services span the entire oilfield lifecycle, including drilling fluids, completion and stimulation chemicals, production chemicals, and pipeline and midstream treatments. The company offers products such ascorrosion inhibitors, scale inhibitors, demulsifiers, H₂S scavengers, and paraffin control agents. | $397.6M / Post-IPO Debt / Apr 28, 2025 | ||
| Real-time Continuous Security Testing | $1.4M / Seed / Apr 14, 2025 | ||
| PrePad provides advanced software solutions for optimizing capital lifecycle management, execution tactics, and asset development in the oil and gas drilling and completion industries. | Grant / Apr 10, 2025 | ||
| See all 153 investments → | |||
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FAQ
What does Business Development Bank of Canada invest in?
Business Development Bank of Canada invests primarily in Software, Information Technology and Manufacturing startups, most often at Seed and Venture - Series Unknown stage. Most of the 153 investments tracked by Shizune back companies in Canada. The Investment Focus section breaks down every industry, stage and country in the portfolio.
What is Business Development Bank of Canada's check size?
Business Development Bank of Canada typically joins rounds of $1.2M–$5M at Seed, $350k–$130M at Debt Financing and $453k–$40M at Venture - Series Unknown. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds Business Development Bank of Canada participates in.
How do I contact Business Development Bank of Canada?
Public channels for Business Development Bank of Canada include LinkedIn, X (Twitter) and the website linked on this profile. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.
Who are the partners at Business Development Bank of Canada?
The team at Business Development Bank of Canada includes Benoit Forcier (Cleantech Practice), Benoit Mignacco (Vice-President, Portfolio Management - Growth Capital and Business Transfer) and Chantal Belzile (Management), among 16 team members tracked by Shizune. The Team section lists each member with their title, investment count and links.
Is Shizune's investor data accurate?
Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Oct 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.
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