BDC

BDC Capital Inc., established in 1975, is a private equity and venture capital arm of the Business Development Bank of Canada. It specializes in direct and fund of funds investments, focusing on middle market, later stage, and emerging growth companies. BDC Capital provides a full spectrum of risk capital, from seed investments to transition capital, with a focus on early and development technology stage companies. It invests in healthcare, information technology, and industrial/energy/clean technology sectors across Canada, with a focus on Quebec, Ontario, and British Columbia. BDC Capital typically invests between CAD3 million and CAD35 million, preferring minority stakes and Board representation. It seeks to exit investments within three to five years through IPOs, strategic sales, or leveraged management buyouts.

Dinar Ahmed

Principal

Phil Anzarut

Partner, Co-Investment Fund

Daniel Armali

Analyst, Healthcare Venture Fund

Réjean Asselin

Assistant Vice President, Portfolio Management - Growth and Transition Capital

Dominique Bélanger

Managing Partner, Co-Investments

Amine Benmoussa

Principal

Disha Bhargav

Associate Director, Fund Investment

Jeremy Billan

Partner, Growth Equity Partners

Ela Borenstein

Vice President, Venture Capital Incentivized Programs

Geoff J. Catherwood

Partner, Industrial, Clean and Energy Venture Fund

Cheri Corbett

Director

Kristina D'Amico

Director, Fund Investments

Saif Hashmi

Principal, Seed Fund and IT Venture Fund

Vivian Kan

Partner

Karim Kennedy

Director - Cleantech Practice

Leonard Kofman

Partner, Intellectual Property-Backed Financing

Siddartha Krishnan

Principal

Larry Lam

Partner, ICE Technology Venture Fund

Pascal Lanctot

Partner, Climate Tech Fund

Nicole Leite

Principal

Charles Lespérance

Partner

Mark Lunick

Senior Director, Growth and Transition Capital

Dion Madsen

Senior Managing Partner

Guillaume Mercier

Senior Vice President, Advisory Services and Business Strategy

Simon Mills

Director, Growth and Transition Capital

Claude Miron

Managing Partner - Growth Equity Partners

Anamika Mukherjee

Partner of Industrial, Clean and Energy Technology Venture Fund

Alison Nankivell

Vice President, Fund Investments and Global Scaling

Jean-François Pariseau

Partner

Jean-Philippe Poissant

Managing Director, Growth and Transition Capital

Salman Qadir

Associate Principal, Industrial, Clean and Energy (ICE) Technology Venture Fund

Karl Reckziegel

Senior Vice President

Lally Rementilla

Managing Partner

Susan Rohac

Managing Partner, Climate Tech Fund

Paul Ryan

Senior Director

Matt Stanley

Director, Cleantech Practice

Stephanie Tadros

Associate Director, Fund Investments

Zoltan Tompa

Director, Cleantech Practice

Ron Warburton

Managing Partner

Brian Whiteway

Senior Director, Growth and Transition Capital

Angelo Zeni

Managing Director, Growth and Transition Capital

Past deals in Oil and Gas

Ambyint

Venture Round in 2023
Ambyint Inc. is a Calgary-based company that specializes in artificial lift optimization solutions for exploration and production (E&P) companies in the oil and gas industry. Founded in 2004 and previously known as PumpWell Solutions Ltd., Ambyint offers advanced software products, including the Amplify Real-Time Controller and the Infinity Optimization Platform. These solutions leverage artificial intelligence and physics-based analytics to automate diagnostics, adjust operating parameters, and predict potential failures, thereby enhancing production and reducing operating expenses. Ambyint's technology integrates with existing supervisory control and data acquisition (SCADA) systems or can be utilized with its High Resolution Adaptive Controllers, enabling improved data acquisition and automated control of artificial lift systems. With over a decade of domain expertise, Ambyint aims to deliver significant improvements in production outcomes and operational efficiency for its clients.

Canvass AI

Series A in 2020
Canvass AI is an AI-based platform focused on enhancing industrial operations. The company offers scalable AI solutions that empower industrial engineers and operators to improve quality, optimize processes, and reduce energy consumption in their daily activities. By providing actionable insights and real-time guidance, Canvass AI enables production teams to adopt AI technologies without needing extensive data science expertise. Its platform complements existing industrial systems, helping companies in sectors such as oil, gas, chemicals, and manufacturing to enhance operational performance, gain a competitive edge, and achieve new sustainability standards.

Recover

Venture Round in 2019
Recover Energy Services Inc. is an environmental technology company based in Calgary, Canada, specializing in the removal and recycling of oil left on drill cuttings generated from oil-based mud drilling. Founded in 2008 and formerly known as Cutting Edge Systems Inc., the company utilizes a patented process to clean oil-based drilling waste, effectively recovering base oil and significantly reducing carbon dioxide emissions. By providing a sustainable and eco-friendly disposal method for oil-based drill cuttings, Recover Energy Services aims to minimize the environmental impact of the oil field industry in Canada, enabling oil and gas companies to manage their waste safely and cost-effectively.

Canvass AI

Seed Round in 2018
Canvass AI is an AI-based platform focused on enhancing industrial operations. The company offers scalable AI solutions that empower industrial engineers and operators to improve quality, optimize processes, and reduce energy consumption in their daily activities. By providing actionable insights and real-time guidance, Canvass AI enables production teams to adopt AI technologies without needing extensive data science expertise. Its platform complements existing industrial systems, helping companies in sectors such as oil, gas, chemicals, and manufacturing to enhance operational performance, gain a competitive edge, and achieve new sustainability standards.

Focus FS

Venture Round in 2018
Focus FS Inc. is a technology company based in St. John's, Canada, founded in 2012. It specializes in developing and marketing information management solutions tailored for the mining, oil, transportation, utilities, and municipal services sectors. The company offers a range of products, including ShiftProcess, a compliance reporting and action management application; ShiftPeople, a site monitoring system utilizing RFID technology; ShiftRescue, which documents under-oxygen mine rescue incidents; and ShiftFusion, a suite of system integration and professional services. Focus FS aims to enhance operational performance, improve logistics, and ensure personnel safety, providing clients with intelligent solutions that facilitate informed decision-making.

Field Upgrading

Venture Round in 2018
Field Upgrading Limited collaborates with Ceramatec, a research and development firm specializing in advanced ceramic materials, to create a novel process known as De-Sulphurization & Upgrading (DSU™). This innovative technique addresses the challenges of sour heavy oil by combining elemental molten sodium and small amounts of hydrogen with sour feedstock, resulting in a low sulphur upgraded heavy oil product. The DSU™ process is notable for its ability to significantly enhance the quality of heavy oil, achieving an 8-10 API increase, which directly correlates to a reduction in sulphur content. By offering this advanced sulphur removal and upgrading technology, Field Upgrading aims to optimize operational efficiency for oilfield operators, enabling remote management of production processes and ultimately leading to increased productivity and cost savings within the oil and gas industry.

Delco Automation

Venture Round in 2018
Delco Automation is a manufacturer specializing in process automation and control systems, primarily serving the water and wastewater, integrated security, ethanol, energy, oil, and gas industries. The company offers a range of custom-engineered solutions, including automation integration, control systems, and electrical panel products. Delco Automation provides essential services such as water treatment, security integration, and process automation, ensuring that products are delivered on time and within budget. Their expertise extends to commissioning, telecommunications, and information systems, making them a comprehensive provider for clients in various sectors.

Canvass AI

Seed Round in 2017
Canvass AI is an AI-based platform focused on enhancing industrial operations. The company offers scalable AI solutions that empower industrial engineers and operators to improve quality, optimize processes, and reduce energy consumption in their daily activities. By providing actionable insights and real-time guidance, Canvass AI enables production teams to adopt AI technologies without needing extensive data science expertise. Its platform complements existing industrial systems, helping companies in sectors such as oil, gas, chemicals, and manufacturing to enhance operational performance, gain a competitive edge, and achieve new sustainability standards.

Rotoliptic

Funding Round in 2016
Rotoliptic specializes in the manufacturing of positive displacement pumps designed to handle a wide range of multi-phase flows and viscous fluids. The company's innovative pump architecture consists of only two parts, which enhances operational efficiency and reduces deployment costs. Rotoliptic's pumps are particularly advantageous for midstream oil and gas applications, where they effectively manage the challenges posed by varying temperatures and gassy conditions. By offering a reliable solution for pumping crude oil and other viscous fluids, Rotoliptic provides clients with a cost-effective and practical option for their pumping requirements.

DarkVision

Series A in 2016
DarkVision Technologies Inc., established in 2013 and headquartered in North Vancouver, Canada, specializes in developing and commercializing advanced ultrasound-based imaging technology for oil and gas wells. The company's core product is a high-resolution ultrasound imaging system that can visualize the interior of multi-kilometer long wells at a sub-millimetric level, even through opaque fluids. This innovative technology enables oil and gas operators to identify and address various downhole issues, such as production tubing defects, casing corrosion, and sand screen damage, leading to informed decision-making that enhances operational efficiency, improves well integrity, and minimizes environmental impact. As of 2020, DarkVision operates as a subsidiary of Koch Engineered Solutions.

Axine Water Technologies

Series B in 2016
Axine Water Technologies Inc. is a Vancouver-based company specializing in innovative wastewater treatment solutions. Established in 2010, it focuses on developing chemical-free systems that effectively treat high concentrations of complex, toxic organics and ammonia found in industrial wastewater. Utilizing a proprietary electrolytic oxidation technology, Axine's systems can address a broad range of pollutants, including phenols, pharmaceuticals, dioxins, and various organic compounds, without generating sludge or requiring chemical additives. The company aims to provide cost-effective and energy-efficient alternatives to traditional wastewater treatment methods, catering to industries such as oil and gas, petrochemicals, pharmaceuticals, textiles, and waste management. Its solutions enable both industrial and municipal clients to enhance the performance and reduce the costs of their wastewater treatment processes.

Validere

Seed Round in 2016
Validere Technologies Inc. is a Toronto-based company that specializes in providing critical information about liquids through innovative measurement, reporting, and verification solutions. Founded in 2015, Validere develops portable devices, including the Validere Identifier, which assesses the hazardous nature of liquids by referencing a comprehensive library. Additionally, the company offers EDGE Connect, a platform that facilitates secure connections between buyers and sellers, enabling the discovery of arbitrage opportunities. Validere's main focus is on liquid fingerprinting, industrial process monitoring, and optimizing logistics within the energy sector. By delivering accessible and verifiable testing data, Validere aids organizations in making informed business decisions and enhances the accuracy of crude oil testing, ensuring accountability and quality across operations. The company's expertise in emissions management and tracking further positions it as a valuable partner for energy companies seeking to improve their financial and environmental performance.

Librestream

Venture Round in 2016
Librestream Technologies Inc., established in 2003 and headquartered in Winnipeg, Canada, specializes in mobile video collaboration solutions for Fortune 500 organizations. Its flagship product, Onsight, enables real-time virtual presence for remote experts to assess environments and troubleshoot equipment. Onsight's suite of products includes collaboration software, rugged smart cameras, and management tools, serving diverse industries such as manufacturing, oil and gas, healthcare, and government. Librestream's solutions help enterprises achieve cost-efficiencies through accelerated problem resolution, reduced downtime, and improved productivity. The company has strategic partnerships with industry leaders like Cisco Systems and Verizon Wireless.

Axine Water Technologies

Series A in 2014
Axine Water Technologies Inc. is a Vancouver-based company specializing in innovative wastewater treatment solutions. Established in 2010, it focuses on developing chemical-free systems that effectively treat high concentrations of complex, toxic organics and ammonia found in industrial wastewater. Utilizing a proprietary electrolytic oxidation technology, Axine's systems can address a broad range of pollutants, including phenols, pharmaceuticals, dioxins, and various organic compounds, without generating sludge or requiring chemical additives. The company aims to provide cost-effective and energy-efficient alternatives to traditional wastewater treatment methods, catering to industries such as oil and gas, petrochemicals, pharmaceuticals, textiles, and waste management. Its solutions enable both industrial and municipal clients to enhance the performance and reduce the costs of their wastewater treatment processes.

Axine Water Technologies

Seed Round in 2012
Axine Water Technologies Inc. is a Vancouver-based company specializing in innovative wastewater treatment solutions. Established in 2010, it focuses on developing chemical-free systems that effectively treat high concentrations of complex, toxic organics and ammonia found in industrial wastewater. Utilizing a proprietary electrolytic oxidation technology, Axine's systems can address a broad range of pollutants, including phenols, pharmaceuticals, dioxins, and various organic compounds, without generating sludge or requiring chemical additives. The company aims to provide cost-effective and energy-efficient alternatives to traditional wastewater treatment methods, catering to industries such as oil and gas, petrochemicals, pharmaceuticals, textiles, and waste management. Its solutions enable both industrial and municipal clients to enhance the performance and reduce the costs of their wastewater treatment processes.

Rotoliptic

Seed Round in 2011
Rotoliptic specializes in the manufacturing of positive displacement pumps designed to handle a wide range of multi-phase flows and viscous fluids. The company's innovative pump architecture consists of only two parts, which enhances operational efficiency and reduces deployment costs. Rotoliptic's pumps are particularly advantageous for midstream oil and gas applications, where they effectively manage the challenges posed by varying temperatures and gassy conditions. By offering a reliable solution for pumping crude oil and other viscous fluids, Rotoliptic provides clients with a cost-effective and practical option for their pumping requirements.

3esi

Seed Round in 2006
3esi provides software solutions for the oil and gas industry.

Coreworx

Series B in 2005
Coreworx Inc. is a Canadian company that specializes in developing web-based integrated project information management software tailored for the engineering and construction sectors, particularly in oil and gas, power, and mining. Founded in 1997 and based in Kitchener, Canada, Coreworx offers a comprehensive suite of solutions, including project information control, interface management, contract management, change management, and deliverables management. The company's software is designed to automate best practices and mitigate business risks while enhancing project performance throughout the entire lifecycle. With a global reach, Coreworx supports over 500 capital projects valued at more than $500 billion, serving nearly 70,000 users across more than 50 countries. The company also provides implementation, consulting, hosting, managed services, training, and support to ensure effective use of its solutions. Coreworx operates as a subsidiary of Vela Software International, Inc. after rebranding from Software Innovation Inc. in 2008.
Spot something off? Help us improve by flagging any incorrect or outdated information. Just email us at support@teaserclub.com. Your feedback is most welcome.