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:
- 360
- Last investment:
- Lead investor:
- 44%
- Fund size:
- $50M
- Last fund:
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 23 contacts → | |||
Round size
- Seed
- $300k–$5M
- Debt Financing
- $100k–$78M
- Venture - Series Unknown
- $500k–$40M
Investment Focus
Industry
- Software 77 (21%)
- Information Technology 47 (13%)
- Manufacturing 41 (11%)
- Health Care 34 (9%)
- Artificial Intelligence 27 (8%)
Stage
- Venture - Series Unknown 54 (15%)
- Seed 53 (15%)
- Debt Financing 42 (12%)
- Series A 37 (10%)
- Series B 29 (8%)
Country
- Canada 282 (78%)
- United States 12 (3%)
- Nigeria 1 (0%)
- United Kingdom 1 (0%)
Team
| Name | Title | Investments | Links | |
|---|---|---|---|---|
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 | |
Louise Paradis
Management
|
Management | Total investments: 0 | Find email | |
Mary Karamanos
Management
|
Management | Total investments: 1 | Find email | |
Mary Karamanos
Management
|
Management | Total investments: 1 | Find email | |
| See all 23 team members → | ||||
Investments
| Company | Description | Round | Links |
|---|---|---|---|
| Axya startup created an online platform connecting small and medium-sized shop owners with suppliers. It provides an easy-to-use marketplace that standardizes and centralizes the subcontracting process for the manufacturing industry. | $12M / Series A / Sep 24, 2026 | ||
| Ultimarii is an AI based technology company that accelerates and streamline complex and large project across various industries. | $9.4M / Series A / Sep 10, 2026 | ||
| Icentia provides a range of innovative medical tests for healthcare institutions. They are able to offer valuable solutions for major problems in the field of medical testing. | Venture - Series Unknown / Aug 18, 2026 | ||
| Altex serves in the field of window treatments, recognized worldwide. Their products are roller shades, ambio roller shades, day and night roller shades, sky light liners, multiform fixed shades, exterior blinds, and motorized drapery tracks. | $3.6M / Debt Financing / Aug 05, 2026 | ||
| SELLIT9 lets online shoppers trade in used items for instant store credit at checkout — with zero inventory burden for the merchant.SELLIT9 is the leading trade-in platform built for e-commerce merchants. It integrates directly into online stores (Shopify, Magento, WooCommerce, Wix, Custom, etc.) enabling customers to trade in used items forinstant store credit redeemable at checkout, so consumers can apply trade-in value toward their next purchase.Unlike traditional buyback programs, SELLIT9 is fully merchant-side: merchants never touch, collect, or resell traded items (unless they want to). SELLIT9 manages the entire trade-in logistics end-to-end, reimbursing merchants directly while handling item assessment, customer communication, and fulfillment. The result is a zero-hassle revenue channel that boosts conversion rates, increases average order value, drives repeat purchases, and builds customer loyalty.Why merchants choose SELLIT9: -Seamless integration: installs directly into stores via the respective app store or a few lines of code; customers see trade-in options and can increase purchasing power while they shop -Zero inventory burden: merchants never handle traded goods (unless they want them); SELLIT9 manages all logistics -Instant credits for checkout: customers receive store credit immediately to use in that session (via discount code, gift card, coupon code, etc.), increasing purchasing intent -Configurable category support: electronics, cameras, lenses, scooters, and expanding across consumer goods categories — configurable by merchant -Sustainability edge: appeals to eco-conscious shoppers by keeping products in the circular economy- -Proven merchant results: trusted by brands across Canada with 5/5 stars across all merchant reviews to dateBest described as "Affirm for trade-ins," SELLIT9 introduces trade-in credit as a new form of purchasing currency, the same way BNPL transformed payments.Founded in Toronto, Ontario, Canada. Backed by Northside Ventures, Drive Capital, and MaRS IAF (Pre-Seed). | $2.9M / Seed / Jun 22, 2026 | ||
| Deployed with the US Dept. of Defense, Defense Innovation Unit since 2017, and third party capability tested sponsored by the Canadian Government, Lastwall authenticates users during login by analyzing hundreds of contextual data points in conjunction with the use of passwordless, non-exfiltratable credentials ( FIDO-2/Webauthn passwordlessMFA). Secured using the NIST SP 800-53 and 800-63 control sets, the Lastwall solution protects third party cloud services and IT networks from credential-based and Multi-Factor Authentication attacks, post-breach lateral movement, and ‘Steal Now - Decrypt Later’ threats in a post quantum environment. | $16M / Series A / May 27, 2026 | ||
| Photonic develops quantum computing and networking technologies, utilizing silicon spin qubits and native telecom networking interface. Photonic is turning fault-tolerant quantum technologies into reality through its distinctive silicon spin-photon interface. This innovative technology combines the memory and computing capabilities of spins withthe connectivity of photonics, enabling the creation of one of the world's initial scalable, fault-tolerant, and networked quantum computers. | $70M / Venture - Series Unknown / May 12, 2026 | ||
| Landing Zones Canada is a pan-Canadian defence and aerospace corporation based in Alberta that focuses on green and clean technology solutions to help the environment, as well as innovative defence training solutions. | Venture - Series Unknown / Apr 20, 2026 | ||
| WOLF designs, develops, and manufactures ruggedized boards for video capture, process, encoding, and display. WOLF’s solutions can operate in harsh environmental conditions without sacrificing the high-speed processing power available from advanced NVIDIA and AMD GPUs. WOLF’s products include COTS, MCOTS, or full custom designs, using VPX, XMC, andPMC architectures. | $2.9M / Debt Financing / Mar 12, 2026 | ||
| Mecademic is a Canadian robotics manufacturer that builds the world’s smallest, most precise, and easy-to-use industrial robotic arms. Our robots excel in the precise and repetitive manipulation of small parts and tools in a variety of industries.Mecademic robots are unique in that they are plug-and-work automation components that do not requirea proprietary programming language, do not require training, are ultra-easy to integrate, and are compatible with virtually any other automation component. They are designed to maximize space-efficiency and minimize deployment time in labs and factories. | $15.4M / Venture - Series Unknown / Feb 18, 2026 | ||
| See all 360 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 Venture - Series Unknown and Seed stage. Most of the 360 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 $300k–$5M at Seed, $100k–$78M at Debt Financing and $500k–$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 Chantal Belzile (Management), Jack Fraser (Partner - Late Stage Growth Fund) and Louise Paradis (Management), among 23 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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