BDC Capital

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.

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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