BDC Capital

Founded in 1953, BDC Capital is a Canadian investment firm specializing in growth and expansion financing. It focuses on information technology, technology, energy, cleantech, and healthcare sectors across Canada.

Dinar Ahmed

Principal

Réjean Asselin

Assistant Vice President, Portfolio Management - Growth and Transition Capital

Lenka Baloghova

Associate

Amine Benmoussa

Associate Director

Disha Bhargav

Associate

Past deals in Smart Home

Miru Smart Technologies

Series A in 2024
Miru Smart Technologies, formerly known as Click Materials, is a Vancouver-based company specializing in advanced materials, particularly in the development of electrochromic windows for residential, commercial, and automotive applications. Founded as a university spin-off, Miru leverages over a decade of academic and industrial research to innovate traditional thin film production. This advanced fabrication process is designed to provide superior performance at lower manufacturing costs compared to existing technologies. By focusing on strategic partnerships, Miru aims to integrate its window technology into the growing trends of connected smart buildings and voice-activated smart homes, contributing to reduced greenhouse gas emissions and enhanced energy efficiency.

ecobee

Series C in 2018
ecobee, Inc. is a Toronto-based company founded in 2007 that specializes in manufacturing Wi-Fi enabled smart thermostats and light automation equipment for both residential and commercial applications. The company’s product lineup includes the SmartThermostat with voice control, ecobee3 lite, SmartSensor, and ecobee Switch+, all designed to enhance energy conservation and provide customizable temperature settings. These devices allow users to manage their home or office environments remotely via a mobile application compatible with various platforms, including iOS, Android, and BlackBerry. Ecobee's offerings aim to empower consumers to monitor and reduce their energy consumption while maintaining comfort in their spaces. The company sells its products primarily through online channels.

Fluent.ai

Convertible Note in 2018
Fluent.ai is a Montreal-based company founded in 2015 that specializes in advanced speech recognition solutions. The company employs a unique machine learning approach that enables its technology to understand natural phrases across various languages, accents, and challenging noise environments, such as those found in smart homes and connected vehicles. Fluent.ai's speech recognition engine is designed to provide personalized voice user interfaces that can function both online and offline, making it suitable for a wide range of applications, including wearables and virtual reality headsets. By focusing on understanding the meaning of audible speech rather than converting it to text, Fluent.ai offers a reliable and flexible solution for businesses aiming to enhance user interaction through voice technology.

Fluent.ai

Seed Round in 2017
Fluent.ai is a Montreal-based company founded in 2015 that specializes in advanced speech recognition solutions. The company employs a unique machine learning approach that enables its technology to understand natural phrases across various languages, accents, and challenging noise environments, such as those found in smart homes and connected vehicles. Fluent.ai's speech recognition engine is designed to provide personalized voice user interfaces that can function both online and offline, making it suitable for a wide range of applications, including wearables and virtual reality headsets. By focusing on understanding the meaning of audible speech rather than converting it to text, Fluent.ai offers a reliable and flexible solution for businesses aiming to enhance user interaction through voice technology.

Alert Labs

Funding Round in 2017
Alert Labs Inc. is a Kitchener, Canada-based company founded in 2015 that specializes in manufacturing water and flood monitoring sensors. As a subsidiary of Watsco, Inc., Alert Labs develops cellular-connected home protection technology designed for smart home monitoring services. The company's products include reliable and easy-to-install hardware and software that gather and analyze real-time data on water leaks, floods, and power issues. By providing homeowners with the ability to receive immediate alerts and insights through their smartphones, Alert Labs aims to help prevent property damage and reduce costs associated with water-related incidents.

Switch Materials

Series C in 2015
SWITCH Materials Inc. is a Canadian company founded in 2007, specializing in advanced materials that enable innovative smart window solutions for automotive applications, particularly for OEMs and Tier 1 suppliers. The company focuses on developing proprietary organic molecules that can switch optical properties on command, allowing for functionalities such as automatic darkening of sunroofs in sunlight to reduce heat and glare. Their technology integrates seamlessly into various applications, including automotive glass, architectural glass, and eyewear. SWITCH Materials also conducts extensive research and development in its laboratories and at Simon Fraser University’s 4D LABS, leveraging the expertise of materials scientists skilled in synthetic chemistry, polymer processing, and optics. The company aims to contribute to lower emissions and enhanced customer experiences in electric vehicle markets, as well as in custom solar management applications.

Neurio

Seed Round in 2014
Neurio Technology, Inc. is a home intelligence technology company based in Vancouver, Canada, that specializes in developing solutions for energy management. Founded in 2005, Neurio focuses on creating smart appliances and efficient home environments by utilizing innovative hardware and software. Its core offering includes a Wi-Fi power sensor paired with a cloud service that monitors home electrical devices, providing insights into appliance usage and energy consumption. Homeowners benefit from real-time feedback through Neurio's mobile applications, which allow them to track their energy consumption and manage their devices effectively. Neurio's technology aims to enhance residential energy management, enabling users to optimize energy flow and reduce costs without needing extensive installations across all appliances. In December 2014, the company rebranded from Energy Aware Technology Inc. and, as of March 2019, operates as a subsidiary of Generac Holdings Inc.

Minuum

Seed Round in 2014
Minuum is a mobile application that provides users with a smaller keyboard, taking up less of the screen. The application can be used in iOS and Android devices, smart watches, Google glasses, smart TV remotes, and in mid-air typing. The keyboard is empowered with autocorrect facility and supports many languages, including Deutsche, Russian, Italian, and Spanish. The users can customize the keypad by adding colors, styles, resizing, themes, and emoji. Adding new words is easy with the app and helps its users with punctuation issues. Minuum is a Canada-based company that was founded in 2012 by Will Walmsley, Severin Smith, and Xavier Snelgrove.

Switch Materials

Series B in 2010
SWITCH Materials Inc. is a Canadian company founded in 2007, specializing in advanced materials that enable innovative smart window solutions for automotive applications, particularly for OEMs and Tier 1 suppliers. The company focuses on developing proprietary organic molecules that can switch optical properties on command, allowing for functionalities such as automatic darkening of sunroofs in sunlight to reduce heat and glare. Their technology integrates seamlessly into various applications, including automotive glass, architectural glass, and eyewear. SWITCH Materials also conducts extensive research and development in its laboratories and at Simon Fraser University’s 4D LABS, leveraging the expertise of materials scientists skilled in synthetic chemistry, polymer processing, and optics. The company aims to contribute to lower emissions and enhanced customer experiences in electric vehicle markets, as well as in custom solar management applications.
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