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 Oil and Gas

PrePad

Grant in 2025
PrePad provides advanced software solutions for optimizing capital lifecycle management, execution tactics, and asset development in the oil and gas drilling and completion industries.

NanoPrecise Sci Corp

Series C in 2025
NanoPrecise Sci Corp specializes in predictive maintenance solutions for industrial equipment. It offers RotationLF, a hardware-software system that combines physics, material science, and data analytics to diagnose machinery issues and predict remaining time to failure. The solution extracts RPM, vibration, sound, temperature, and humidity data from a single sensor, using AI algorithms for anomaly detection and fault characterization. Serving sectors like petrochemical, utility, manufacturing, oil and gas, mining, and infrastructure, NanoPrecise Sci Corp was founded in 2015 with offices in Edmonton, Canada, and Bangalore, India.

Cardinal Energy

Post in 2024
Cardinal Energy Ltd. is an oil and natural gas company based in Calgary, Canada, focused on the acquisition, exploration, and production of these resources primarily in Alberta and Saskatchewan. Established in 2010, Cardinal Energy operates several key properties, including Bantry, Mitsue, House Mountain, Grande Prairie, Wainwright, and Midale. The company specializes in producing low decline light, medium, and heavy quality oil, contributing to the energy landscape of Western Canada.

TerraVest Industries

Post in 2023
TerraVest Industries Inc. is a diversified manufacturer serving the energy and industrial equipment sectors. The company designs and builds home heating and cooling products, propane and related containment solutions, natural gas liquids transport vehicles, storage vessels, energy processing equipment, and fiberglass storage tanks. Its operations are organized into segments including HVAC equipment (home heating and cooling products and containment equipment), compressed gas storage and distribution equipment, energy processing equipment, and service. The HVAC and containment equipment segment accounts for the majority of revenue and produces commercial and residential refined fuel tanks and related storage solutions. TerraVest serves commercial and residential customers with equipment used for heating, gas handling, fuel storage, and energy processing, with a focus on durable, end-use products across its diversified portfolio.

Arolytics

Seed Round in 2023
Arolytics is a software company specializing in emissions management and regulatory compliance for the energy sector. It offers a data management platform that enables enterprise management of methane data by aggregating and synthesizing inputs from diverse emissions sensors, automatically generating regulatory compliance reports, and suggesting actions to reduce pollution, thereby helping energy firms gain insights into methane measurements and achieve emissions reductions more efficiently.

Royal Helium

Post in 2023
Royal Helium Ltd. is a helium exploration and development company based in Saskatoon, Canada, with a focus on primary helium production in southern Saskatchewan and southeastern Alberta. The company holds helium leases and permits that have been thoroughly evaluated for their helium potential over a period of two years, with assessments conducted by experts in geology and engineering. Royal Helium has established a strategic collaboration with The Saskatchewan Research Council to advance the development of a helium facility. Its projects benefit from proximity to established oil and gas infrastructure, as well as accessibility via highways and roads, enhancing the feasibility of its operations.

Royal Helium

Post in 2022
Royal Helium Ltd. is a helium exploration and development company based in Saskatoon, Canada, with a focus on primary helium production in southern Saskatchewan and southeastern Alberta. The company holds helium leases and permits that have been thoroughly evaluated for their helium potential over a period of two years, with assessments conducted by experts in geology and engineering. Royal Helium has established a strategic collaboration with The Saskatchewan Research Council to advance the development of a helium facility. Its projects benefit from proximity to established oil and gas infrastructure, as well as accessibility via highways and roads, enhancing the feasibility of its operations.

Flyscan

Venture Round in 2020
Flyscan Systems Inc. is a Québec-based company established in 2015, specializing in the development of airborne technology for detecting oil leaks in pipelines. The company's innovative platform automates the identification of small oil leaks and offers various visual inspection functions tailored for the energy sector. By utilizing industrial optics and photonics systems mounted on airborne vehicles, Flyscan provides remote detection services that enable clients to monitor underground pipelines effectively. This technology helps clients promptly address any leakages, thereby mitigating potential environmental damages.

Hifi Engineering

Venture Round in 2019
HiFi Engineering Inc. specializes in the development of advanced fiber optic sensing systems, hardware, and visualization software designed for downhole and pipeline applications. Founded in 2007 and headquartered in Calgary, Canada, the company offers a range of products, including its HDS MiCro tool for downhole flow monitoring and the HDS MaCro system for permanent pipeline and reservoir monitoring. HiFi Engineering’s systems are tailored for oil and gas service companies in North America, focusing on critical applications such as reservoir monitoring, well integrity assessment, and leak detection. The company’s technology is supported by over 33 patents, showcasing its commitment to innovation in the field. With a team of experienced electrical and software engineers, HiFi Engineering emphasizes the delivery of high-quality data through its cutting-edge sensing technology and software platforms.

DarkVision Technologies

Seed Round in 2015
Founded in 2013, DarkVision Technologies specializes in developing and commercializing ultrasound-based imaging technology for oil and gas wells. Its high-resolution system enables operators to identify and address downhole issues such as tubing defects, casing corrosion, and obstructions, leading to improved well integrity, increased production efficiency, and reduced environmental impacts.

BlackBridge

Venture Round in 2014
BlackBridge Geomatics Corp. specializes in geo-imagery and geo-information products and services, offering a range of solutions that include satellite imagery, change monitoring, and streaming mosaics. The company provides satellite tasking, digital elevation data, stereo-imagery, and custom mosaics, along with image processing and hosting, application development, and geocloud services. BlackBridge serves various sectors such as agriculture, mapping, forestry, environmental monitoring, security, and emergency response, as well as oil, gas, and mining exploration markets in Canada. Founded in 1986 and based in Lethbridge, Canada, BlackBridge operates as a subsidiary of Planet Labs Inc. and collaborates with over 100 partners to distribute its satellite imagery and create value-added products and services across the geospatial value chain.

Lithion Power Group

Venture Round in 2013
HPC Energy Services, based in Calgary, Canada, specializes in horizontal drilling technologies tailored to the evolving needs of the oil and gas sector. The company is committed to enhancing operational efficiencies for its clients by integrating various tools that span from the drilling rig to the drill bit. This comprehensive approach supports the dynamic drilling environment, positioning HPC Energy Services as a key player in the industry.

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.

Ces Energy Solutions

Ces Energy Solutions is a oil and gas energy company located in Calgary.
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