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

BenoƮt 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 Ottawa

Hyperlume

Seed Round in 2025
Hyperlume Inc., based in Ottawa, Canada, specializes in developing advanced optical connectivity solutions. The company focuses on high-performance computing, artificial intelligence, and high-end processors, aiming to enhance data transfer speeds and enable scalable optical interconnects for edge computing platforms.

Assent Compliance

Series B in 2017
Founded in 2005, Assent Compliance specializes in providing software solutions for supply chain sustainability management. Its platform enables complex manufacturers to manage product compliance, trade compliance, and ESG (Environmental, Social, Governance) factors within their supply chains. The company's offerings include Global Product Regulatory Software, Environmental Compliance Software, Custom Compliance Survey Software, Inspection Software, and Platform Configuration and Implementation services.

Klipfolio

Series B in 2017
Klipfolio offers a cloud-based business intelligence dashboard solution that enables users to connect to data sources, create visualizations, and monitor key metrics in real-time. Serving various sectors globally, Klipfolio empowers organizations to make informed decisions by providing flexible and cost-effective analytics tools.

Assent Compliance

Series A in 2016
Founded in 2005, Assent Compliance specializes in providing software solutions for supply chain sustainability management. Its platform enables complex manufacturers to manage product compliance, trade compliance, and ESG (Environmental, Social, Governance) factors within their supply chains. The company's offerings include Global Product Regulatory Software, Environmental Compliance Software, Custom Compliance Survey Software, Inspection Software, and Platform Configuration and Implementation services.

Privacy Analytics

Seed Round in 2014
Privacy Analytics Inc. is a Canadian company specializing in data anonymization software solutions targeted primarily at healthcare organizations, insurance and medical claims providers, and medical device manufacturers. Founded in 2007 and based in Ottawa, the firm focuses on safeguarding sensitive data while enabling its use for secondary purposes such as research, public health, and marketing. Privacy Analytics offers a range of products, including PARAT, an integrated software for de-identifying both structured and unstructured personal data, and a text anonymization solution. Additionally, the company provides an online risk assessment tool designed to assist privacy officers in managing data sharing agreements and evaluating re-identification risks. Through these offerings, Privacy Analytics helps organizations comply with privacy regulations and effectively manage the risks associated with disclosing health data. As of May 2016, Privacy Analytics operates as a subsidiary of IQVIA Holdings Inc.

Solantro Semiconductor

Series A in 2012
Solantro Semiconductor Corp. is a Canadian semiconductor company established in 2009, specializing in the design and manufacture of integrated circuits for grid applications, particularly within the renewable energy sector. The company develops a range of products, including analog power managers, DC-DC power optimizers, and micro-inverter controllers, which are essential for converting solar energy into usable power. Their chipsets enhance solar panels, enabling them to function as integrated power generators. Solantro's technology supports various applications, including intelligent photovoltaic module safety disconnects and battery chargers, while also offering software development tools for system integration. The company serves clients in power electronics, smart grid, and renewable energy industries, providing semiconductor-based architectures that facilitate the measurement, processing, and management of power from distributed energy resources.

Liquid Computing

Series B in 2006
Liquid Computing Corp. develops converged communications and computing platforms. It designs and develops LiquidIQ, a computing infrastructure that offers IT infrastructure and data centers management, and software-based control of servers, as well as storage and networking resources. The company was founded in 2003 and is based in Ottawa, Canada with an additional office in Stamford, Connecticut.

Cyrium Technologies

Series B in 2005
Cyrium Technologies Inc. is a Canadian company that specializes in the development and manufacturing of concentrator photovoltaic (CPV) cells tailored for terrestrial solar energy markets and CPV system manufacturers. Established in 2002 and headquartered in Ottawa, with an additional office in Tsuen Wan, Hong Kong, the company offers a range of products, including quantum dot enhanced cells and application-specific concentrator cells (ASCC). Furthermore, Cyrium Technologies provides performance optimization and customization services for its cells through the ASCC program, ensuring that clients receive tailored solutions to meet their specific energy needs.

Critical Telecom

Venture Round in 2003
Critical Telecom is a company based in Ottawa, Canada, that specializes in developing broadband enabling platforms for IP-based access networks. Founded in 1987, it focuses on providing solutions that enhance network access for users. One of its key offerings is GEmini, an Ethernet remote DSLAM designed to deliver non-blocking bandwidth, facilitating applications such as triple play and IPTV. Through its innovative services, Critical Telecom aims to improve the efficiency and reliability of broadband services, enabling seamless streaming and access to various network applications.
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