BDC Capital Inc. is the private equity and venture capital arm of the Business Development Bank of Canada, established in 1975 and headquartered in Montreal. The firm specializes in direct investments and fund of funds, focusing on a broad spectrum of financing options including venture capital, growth equity, and mezzanine investments. It primarily targets small and medium-sized enterprises across various sectors, including healthcare, information technology, and clean technology. BDC Capital is particularly interested in early-stage and development technology companies, as well as women-led firms. The firm typically invests between CAD 0.1 million and CAD 35 million, often taking minority stakes and seeking board representation in its investee companies. BDC Capital emphasizes a strong presence across Canada, with particular attention to regions such as Quebec, Ontario, and British Columbia, and it employs various exit strategies, including initial public offerings and strategic sales. With a history of investing in over 400 companies, BDC Capital aims to foster the growth of innovative businesses and contribute to the economic development of the Canadian landscape.
5, Place Ville Marie, Suite 100 Montreal, Quebec H3B 5E7
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
Tony Bommel
Senior Managing Partner
Ela Borenstein
Vice President, Venture Capital Incentivized Programs
Cheri Corbett
Director
Kristina D'Amico
Director, Fund Investments
Kyle Feucht
Managing Director, Growth and Transition Capital
Ajay Gopal
Associate Director
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
Lily Lam
Director, Fund Investments
Larry Lam
Partner, ICE Technology Venture Fund
Charles Lespérance
Partner
Sandy Li
Associate
Mark Lunick
Senior Director, Growth and Transition Capital
Dion Madsen
Senior Managing Partner
Benoît Mignacco
Vice President, Portfolio Management Growth and Transition Capital
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
Jérôme Nycz
EVP, BDC Capital
Thomas Park
BDC Capital’s Deep Tech Venture Fund Partner
Jean-Philippe Poissant
Managing Director, Growth and Transition Capital
Matt Price
Managing Director, Growth and Transition Capital
Salman Qadir
Senior Associate
Loren Rafeson
Partner
Karl Reckziegel
Senior Vice President
Joseph Regan
Managing Partner, Industrial Innovation Fund
Lally Rementilla
Managing Partner
Susan Rohac
Managing Partner, Climate Tech Fund
Paul Ryan
Senior Director
Victor Scutaru
Managing Director, Private Equity Funds Portfolio
Robert Simon
Senior Managing Partner
Matt Stanley
Director, Cleantech Practice
Stephanie Tadros
Associate Director, Fund Investments
Zoltan Tompa
Director, Cleantech Practice
Ron Warburton
Managing Partner
Ronald Warburton
Managing Partner, BDC IT Venture Fund and Seed Fund
Brian Whiteway
Senior Director, Growth and Transition Capital
Angelo Zeni
Managing Director, Growth and Transition Capital
Bharat Srinivasa
Analyst, Healthcare Venture Fund
Michelle Scarborough
Managing Director
Past deals in Water
RainStick
Seed Round in 2024
The RainStick shower is a recirculating shower that saves 80% energy and 80% water but still feels like a luxurious shower.
Aquatic Informatics
Venture Round in 2021
Aquatic Informatics™ provides software solutions that address critical water data management and analysis challenges for the rapidly growing environmental monitoring industry. Aquatic Informatics is the trusted provider of hydrologic management solutions to hundreds of federal, state/provincial and local government departments, hydropower operators, mining companies, academic groups, and consulting organizations around the world, who collect, manage, and process large volumes of water quality or quantity data. Aquatic Informatics has earned a global reputation for innovation in environmental data management. At home, Aquatic Informatics has forged strong relationships with a diverse range of organizations including Environment Canada – Water Survey Canada, Manitoba Water Stewardship, Saskatchewan Watershed Authority, B.C. Environment, the University of British Columbia, and the Canadian National Research Council. In the United States, we have provided water data management solutions to organizations that include the US Geological Survey, the US Army Corps of Engineers, and the US National Parks Service as well as over a dozen large state agencies and many regional and local organizations. Overseas, we have worked with Southern Water of Australia, Tasmania Department of Primary Industries, Parks, Water and Environment, Alcoa of Australia, the Principality of Monaco, the National Water Authority of Romania, the National Research Institute of Norway and many others.
VodaSafe
Seed Round in 2020
VodaSafe Inc. is a Canadian company based in Kelowna that specializes in developing innovative water search and rescue technologies. Its primary product, AquaEye, is a handheld waterproof device designed for rescuers, utilizing sonar and artificial intelligence to detect submerged individuals in bodies of water. AquaEye not only locates people but also records essential rescue data and connects via Bluetooth to various devices. VodaSafe aims to enhance lifeguard, emergency responder, and recreational user capabilities in lifesaving and victim recovery efforts through advanced ultrasonic scanning methodologies.
Alert Labs
Funding Round in 2017
Alert Labs Inc., founded in 2015 and headquartered in Kitchener, Canada, specializes in manufacturing water and flood monitoring sensors. As a subsidiary of Watsco, Inc., the company provides cellular-connected home protection technology that allows homeowners to monitor their properties effectively. The sensors are designed to detect water leaks, floods, and power issues, offering real-time data analysis through user-friendly hardware and software. These technologies do not depend on WiFi, enabling seamless connectivity with smartphones for instant alerts and insights. By employing this innovative solution, Alert Labs aims to help customers avoid property damage and reduce costs associated with home maintenance.
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.
Hortau
Series C in 2016
Hortau Inc. is a Canadian company specializing in wireless and web-based irrigation management systems, founded in 2002 by experts in agronomy and soil physics. The company designs and manufactures advanced irrigation solutions, including the WEB-TX4 Field Monitoring Stations, which collect vital soil and weather data, and the 1k Extended Range Sensor, a tensiometer that aids growers in managing irrigation in arid conditions. Hortau also offers Field Control Units for remote operation of irrigation valves and engines, alongside Irrolis, a cloud-based software that provides real-time data analysis for agricultural operations. Additionally, the company produces various sensors for soil tension and environmental conditions, as well as comprehensive Weather Stations to monitor climatic factors affecting crop health. With operations in the United States and a focus on enhancing crop production while reducing water and energy use, Hortau aims to support farmers in optimizing yield and productivity.
Hortau
Venture Round in 2015
Hortau Inc. is a Canadian company specializing in wireless and web-based irrigation management systems, founded in 2002 by experts in agronomy and soil physics. The company designs and manufactures advanced irrigation solutions, including the WEB-TX4 Field Monitoring Stations, which collect vital soil and weather data, and the 1k Extended Range Sensor, a tensiometer that aids growers in managing irrigation in arid conditions. Hortau also offers Field Control Units for remote operation of irrigation valves and engines, alongside Irrolis, a cloud-based software that provides real-time data analysis for agricultural operations. Additionally, the company produces various sensors for soil tension and environmental conditions, as well as comprehensive Weather Stations to monitor climatic factors affecting crop health. With operations in the United States and a focus on enhancing crop production while reducing water and energy use, Hortau aims to support farmers in optimizing yield and productivity.
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.
Nephros - Pathogen Detection Systems (“PDS”) business
Venture Round in 2005
Nephros PDS unit provides on-site or laboratory solutions for the identification and quantification of waterborne and infectious disease pathogens.
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