Business Development Bank of Canada

Founded in 1944, the Business Development Bank of Canada is a government-owned financial institution dedicated to supporting small and medium-sized enterprises (SMEs) across Canada. It offers a range of services including financing, consulting, subordinate financing, and venture capital.

Trevor Allibon

Managing Director, Subordinate Financing

Timothy April

Managing Director

Kyle Feucht

Senior Director, Growth and Transition Capital

Jasmin Ganie-Hobbs

Director of Tech Financing

Lily Lam

Director, Funds

Patrick Latour

Senior Vice President

Vern Malcolm

Managing Director, Growth and Transition Capital

Benoît Mignacco

Vice President, Digital Lending

Mona Minhas

Partner

Matt Price

Managing Director, Growth and Transition Capital

Sal Rabbani

Managing Partner, Advisory Services

Chantal Remy

Senior Vice President, Quebec and Atlantic and Advisory Services

Kunle Tauhid

Vice President, Financing and Consulting

David Wan

Director, Growth and Transition Capital

Ronald Warburton

Managing Partner

Past deals in British Columbia

EverGen Infrastructure

Post in 2023
EverGen Infrastructure is a Canadian company dedicated to combating climate change by developing a Renewable Natural Gas Infrastructure Platform, primarily on the West Coast in British Columbia. The company operates three organic waste facilities and two renewable natural gas facilities, which convert organic materials into renewable natural gas. This initiative not only helps reduce greenhouse gas emissions but also supports communities in their transition to a more sustainable future. Through its operations, EverGen Infrastructure aims to promote the use of renewable energy and contribute to a carbon-free future.

Northstar Clean Technologies

Post in 2023
Northstar Clean Technologies, established in 2017 and headquartered in Delta, British Columbia, specializes in the recycling of single-use asphalt shingles. The company employs proprietary process technology to extract and recover valuable components such as asphalt cement, fiberglass, and mineral aggregates. These recovered materials are then repurposed for use in asphalt pavement, shingle manufacturing, and various construction products, contributing to environmentally-friendly reprocessing solutions. Operating primarily within Canada, Northstar Clean Technologies is dedicated to promoting sustainability in the construction and industrial sectors through its innovative recycling efforts.

General Fusion

Series E in 2021
General Fusion Inc., established in 2002 and headquartered in Burnaby, Canada, specializes in developing commercial Magnetized Target Fusion (MTF), a hybrid fusion method combining magnetic confinement and inertial confinement principles. The company focuses on creating utility-scale fusion power using its patent-pending MTF concept, which has the potential to provide clean, safe, and economical energy. General Fusion develops key subsystems such as plasma injectors, acoustic drivers, and liquid metal vortex compression tests to advance its MTF technology. Backed by a global syndicate of investors, industry leaders, and technology pioneers, General Fusion aims to demonstrate and commercialize its innovative fusion power plants by the end of the decade.

Clir Renewables

Series B in 2021
Clir Renewables Inc. is a company that specializes in cloud-based renewable energy asset management and reporting software. Founded in 2016 and headquartered in Vancouver, Canada, with an additional office in Glasgow, United Kingdom, Clir's software-as-a-service platform is designed to assist asset managers and owners in optimizing the performance and profitability of renewable energy plants. By integrating deep domain expertise with artificial intelligence, Clir’s platform enhances annual energy production, monitors asset health, and effectively manages financial and technical risks associated with renewable energy assets.

ZenHub

Seed Round in 2021
ZenHub is a project management software company founded in 2014 in Vancouver, British Columbia, by Matthew Butler. The software is specifically designed to assist developers in enhancing the software development lifecycle by facilitating project planning directly within GitHub. ZenHub automates workflows to eliminate redundancies, streamline processes, and reduce delays associated with hand-offs. By utilizing live data, it helps organizations identify risks and bottlenecks, while also providing a real-time roadmap for projects. This allows clients to focus more on coding and less on managing their work, ultimately improving overall productivity in software development.

General Fusion

Series E in 2019
General Fusion Inc., established in 2002 and headquartered in Burnaby, Canada, specializes in developing commercial Magnetized Target Fusion (MTF), a hybrid fusion method combining magnetic confinement and inertial confinement principles. The company focuses on creating utility-scale fusion power using its patent-pending MTF concept, which has the potential to provide clean, safe, and economical energy. General Fusion develops key subsystems such as plasma injectors, acoustic drivers, and liquid metal vortex compression tests to advance its MTF technology. Backed by a global syndicate of investors, industry leaders, and technology pioneers, General Fusion aims to demonstrate and commercialize its innovative fusion power plants by the end of the decade.

Intelligent City

Venture Round in 2019
Intelligent City is a Vancouver-based housing technology company that designs and constructs urban multi-family housing using a fully integrated platform that combines design, architecture, engineering and fabrication. It employs mass timber, automated manufacturing and proprietary parametric software to enable mass customization with low unit costs, delivering affordable, durable and sustainable housing for urban environments. The platform supports energy performance optimization including passive house standards and aims to address urban affordability, sustainability and resident needs. Founded in 2008, the company focuses on scalable urban housing solutions with emphasis on longevity and environmental and social sustainability.

Intelligent City

Debt Financing in 2019
Intelligent City is a Vancouver-based housing technology company that designs and constructs urban multi-family housing using a fully integrated platform that combines design, architecture, engineering and fabrication. It employs mass timber, automated manufacturing and proprietary parametric software to enable mass customization with low unit costs, delivering affordable, durable and sustainable housing for urban environments. The platform supports energy performance optimization including passive house standards and aims to address urban affordability, sustainability and resident needs. Founded in 2008, the company focuses on scalable urban housing solutions with emphasis on longevity and environmental and social sustainability.

Zymeworks

Post in 2019
Zymeworks is a biotechnology company focused on optimizing protein-based therapeutics, particularly for cancer treatment. It uses proprietary computational methods to engineer differentiated product candidates, with its lead asset zanidatamab in multiple clinical trials targeting HER2-expressing solid tumors.

D-Wave Systems

Venture Round in 2014
D-Wave Systems Inc. is a pioneering company in the field of quantum computing, recognized as the world’s first commercial supplier of quantum computers. Founded in 1999 and headquartered in Burnaby, Canada, D-Wave specializes in the development, fabrication, and integration of superconducting quantum computers. The company offers a range of products, including the D-Wave Two System, a commercial quantum computer, and D-Wave Hybrid, an open-source platform for creating hybrid quantum-classical applications. Leap, its cloud-based service, provides real-time access to quantum computing resources along with development tools and educational content. D-Wave’s quantum computers are applied across various sectors, addressing challenges in mission planning, logistics, machine learning, and optimization problems, among others. The company serves diverse industries, including defense, finance, energy, and academia, and also offers professional services, training, and customer support to enhance user experience and application development.

LoginRadius

Angel Round in 2013
LoginRadius Inc. is a cloud-based customer identity and access management company that provides a platform specifically designed for mid-to-large sized enterprises globally. Founded in 2011 and headquartered in Vancouver, Canada, with additional offices in India and California, LoginRadius offers a comprehensive suite of services that enhance the customer experience by centralizing customer data and enabling the creation of unified profiles. The platform features customer registration services, social login, user management, and integration with over 150 third-party marketing applications. Additionally, it includes robust security measures such as multi-factor authentication and single sign-on capabilities for both web and mobile applications. LoginRadius serves over 3,000 businesses, reaching approximately 1.17 billion consumers monthly, and is recognized as a key player in the Consumer Identity and Access Management sector by industry analysts.

D-Wave Systems

Venture Round in 2012
D-Wave Systems Inc. is a pioneering company in the field of quantum computing, recognized as the world’s first commercial supplier of quantum computers. Founded in 1999 and headquartered in Burnaby, Canada, D-Wave specializes in the development, fabrication, and integration of superconducting quantum computers. The company offers a range of products, including the D-Wave Two System, a commercial quantum computer, and D-Wave Hybrid, an open-source platform for creating hybrid quantum-classical applications. Leap, its cloud-based service, provides real-time access to quantum computing resources along with development tools and educational content. D-Wave’s quantum computers are applied across various sectors, addressing challenges in mission planning, logistics, machine learning, and optimization problems, among others. The company serves diverse industries, including defense, finance, energy, and academia, and also offers professional services, training, and customer support to enhance user experience and application development.

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, the firm focuses on developing chemical-free systems designed to address high concentrations of complex and toxic organic pollutants, including phenols, pharmaceuticals, and ammonia, in industrial wastewater. Utilizing proprietary electrolytic oxidation technology, Axine's systems effectively treat various pollutants in a single step without the need for chemicals or the production of sludge. The company's solutions cater to a diverse range of industries, including oil and gas, petrochemicals, pharmaceuticals, textiles, and waste management, helping clients reduce costs and enhance the performance of their wastewater management processes.

General Fusion

Series B in 2011
General Fusion Inc., established in 2002 and headquartered in Burnaby, Canada, specializes in developing commercial Magnetized Target Fusion (MTF), a hybrid fusion method combining magnetic confinement and inertial confinement principles. The company focuses on creating utility-scale fusion power using its patent-pending MTF concept, which has the potential to provide clean, safe, and economical energy. General Fusion develops key subsystems such as plasma injectors, acoustic drivers, and liquid metal vortex compression tests to advance its MTF technology. Backed by a global syndicate of investors, industry leaders, and technology pioneers, General Fusion aims to demonstrate and commercialize its innovative fusion power plants by the end of the decade.

Neuromed Pharmaceuticals

Series B in 2001
Neuromed Pharmaceuticals is focused on the development, production, and marketing of pain therapies in Canada and the United States. Neuromed Pharmaceuticals was acquired by Zalicus in December 2009. Neuromed Pharmaceuticals was founded in 1998 and is based in Vancouver, Canada.

Northstar Clean Technologies

Northstar Clean Technologies, established in 2017 and headquartered in Delta, British Columbia, specializes in the recycling of single-use asphalt shingles. The company employs proprietary process technology to extract and recover valuable components such as asphalt cement, fiberglass, and mineral aggregates. These recovered materials are then repurposed for use in asphalt pavement, shingle manufacturing, and various construction products, contributing to environmentally-friendly reprocessing solutions. Operating primarily within Canada, Northstar Clean Technologies is dedicated to promoting sustainability in the construction and industrial sectors through its innovative recycling efforts.
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