Business Development Bank of Canada

The Business Development Bank of Canada (BDC) is a government-owned financial institution established in 1944, headquartered in Montreal. It aims to foster economic growth and job creation by providing financial products and services primarily to small and medium-sized enterprises (SMEs) across Canada. BDC offers a range of services, including business loans, subordinate financing, venture capital, and consulting support in areas such as strategic planning and human resource management. The bank serves various industries, including aerospace, automotive, construction, food and beverage, manufacturing, mining, oil and gas, technology, and tourism. With a network of over 100 offices, BDC operates in both official languages, ensuring access to its services for a diverse clientele nationwide.

Trevor Allibon

Managing Director, Subordinate Financing

Timothy April

Managing Director

Cheri Corbett

Senior Partner, Cleantech Practice

Saif Hashmi

Principal

Vern Malcolm

Managing Director, Growth and Transition Capital

Jérôme Nycz

Executive Vice President, BDC Capital

Matt Price

Managing Director, Growth and Transition Capital

Sal Rabbani

Managing Partner, Advisory Services

Andrianiaina Rajaobelina

Associate Principal

Michelle Scarbourgh

Managing Partner, Thrive Venture Fund for Women and Women in Technology Venture Fund

Kunle Tauhid

Vice President, Financing and Consulting

Ronald Warburton

Managing Partner

Angelo Zeni

Managing Director, Growth and Transition Capital

Past deals in CleanTech

Fieldless

Series A in 2022
Developer of an indoor farming technology intended to solve food sovereignty and sustainability. The company uses a mix of technologies to replace produce grown with safe, sustainable, and affordable local products, enabling customers to consume fresh and nutritious produce.

Fieldless

Debt Financing in 2022
Developer of an indoor farming technology intended to solve food sovereignty and sustainability. The company uses a mix of technologies to replace produce grown with safe, sustainable, and affordable local products, enabling customers to consume fresh and nutritious produce.

Peak Power

Series A in 2021
Peak’s AI-powered software enables intelligent energy in smart cities by optimizing synthetic, stationary, and mobile batteries to act as grid resources. Peak’s solutions reduce operating costs and the environmental footprint of our clients while decreasing strain on the grid.

Tealbook

Series A in 2021
Tealbook, Inc. operates an online supplier knowledge management and procurement platform aimed at enhancing buyer-supplier relationships. Headquartered in Toronto, Canada, the company consolidates and centralizes credible supplier information, including company details, product offerings, social media feeds, and diversity certifications. This data-driven platform facilitates procurement teams in identifying qualified suppliers, collaborating with stakeholders, and improving visibility and analytics across the supplier base. Tealbook integrates seamlessly with various enterprise systems, such as ERP and contract management tools, to streamline procurement processes. Since its incorporation in 2012, Tealbook has gained recognition for its innovative approach, earning placements on lists like the CIX Top 20 and the Gartner Cool Vendor list. The platform is designed to empower organizations by providing access to a broader ecosystem of qualified suppliers, thereby enabling agile procurement and fostering meaningful partnerships.

FLO

Series C in 2020
AddÉnergie Technologies Inc. is a leading Canadian company specializing in smart charging solutions for electric vehicles. Established in 2009 and based in Québec, the company develops, manufactures, and operates a range of charging stations tailored for various market segments, including the public sector, employers, multi-residential buildings, and fleets. Its product offerings include the SmartTWO and SmartDC charging stations for commercial and industrial use, as well as specialized solutions like the CoRe+ charger for private areas and the Curbside Charger. AddÉnergie is also the provider of the Electric Circuit and VERnetworkTM, two of Canada’s largest charging station networks, which collectively feature over 2,000 charging stations. The company supplies both the hardware and software necessary for managing these networks, and it is poised to expand its operations through new partnerships and networks internationally.

Effenco

Series B in 2020
Effenco Development inc. designs and manufactures Hydraulic Equipment Assisting Devices (HEAD) for heavy-duty vocational vehicles. The company designs and manufactures electric hybrid starter-generators, ultracapacitors, electric motor-driven hydraulic pumps, and electric air conditioning compressors. The company caters to blue-chip customers in Canada, New York, California, France, and Norway on waste trucks, dump trucks, and yard tractors. Effenco Development inc. was founded in 2006 and is based in Montreal, Canada with additional offices in Los Angeles, California; Paris, France; Kongsberg, Norway.

Clear Blue Technologies

Debt Financing in 2020
Clear Blue Technologies International Inc. specializes in off-grid power solutions that integrate renewable energy with advanced communication and cloud technology. The company develops and sells products designed to power, control, and manage solar and hybrid systems, primarily serving applications such as street lights, security systems, telecommunications, emergency power, and Internet of Things (IoT) devices. Its offerings include solar and wind controllers, telecom solar power systems, illumience cloud controls, Nano-grid power packs, and solar-powered outdoor lighting systems marketed under the Illumient brand. Additionally, Clear Blue provides remote power management services to enhance the reliability and efficiency of these systems. Headquartered in Toronto, Canada, the company operates across Canada, the United States, the Middle East, and Africa.

Meta Materials

Convertible Note in 2020
MTI, a smart materials and photonics company which is changing the way we use, interact and benefit from light. From healthcare to defense, energy to aerospace– the possibilities are endless

CoolIT Systems

Venture Round in 2020
CoolIT Systems works research, design, and deliver next generation cooling products that provide a comprehensive solution while exceeding high OEM standards for reliability and maintenance-free operation. This carefully designed and patented technology unleashes the full potential of a PC, providing superior cooling performance while reducing system level noise and improving reliability of vital components. CoolIT also works with the AMD engineering group to provide the Reference cooling solution for the latest high performance video cards.

Tealbook

Seed Round in 2020
Tealbook, Inc. operates an online supplier knowledge management and procurement platform aimed at enhancing buyer-supplier relationships. Headquartered in Toronto, Canada, the company consolidates and centralizes credible supplier information, including company details, product offerings, social media feeds, and diversity certifications. This data-driven platform facilitates procurement teams in identifying qualified suppliers, collaborating with stakeholders, and improving visibility and analytics across the supplier base. Tealbook integrates seamlessly with various enterprise systems, such as ERP and contract management tools, to streamline procurement processes. Since its incorporation in 2012, Tealbook has gained recognition for its innovative approach, earning placements on lists like the CIX Top 20 and the Gartner Cool Vendor list. The platform is designed to empower organizations by providing access to a broader ecosystem of qualified suppliers, thereby enabling agile procurement and fostering meaningful partnerships.

Intelligent City

Venture Round in 2019
Intelligent City Inc., founded in 2008 and based in Vancouver, Canada, specializes in the design and construction of urban housing. The company has developed a technology-enabled building system aimed at providing high-quality multi-family residences that tackle critical urban challenges, including affordability and sustainability. This innovative system integrates the various stages of construction—design, architecture, engineering, and fabrication—into a single platform. By employing the principles of mass customization, Intelligent City combines the benefits of personalized, custom-made products with the cost efficiencies typically associated with mass production, effectively addressing the diverse needs of urban residents.

Svante

Series C in 2019
Svante specializes in providing innovative solutions for capturing large-scale CO2 emissions from emissions-intensive industries. The company offers a commercially viable method to capture carbon dioxide from existing infrastructure, allowing for either safe storage or recycling for industrial use in a closed loop. Svante's technology stands out by enabling CO2 capture at less than half the capital cost of traditional solutions, making industrial-scale carbon capture both feasible and efficient. The company is supported by a distinguished Board of Directors, including notable figures such as Nobel Laureate Steven Chu and former Airbus Group Chief Technical Officer Jean Botti, which underscores its commitment to advancing carbon capture technologies.
Verdant Environmental Technologies, Inc. specializes in the development and manufacturing of energy management products and technologies aimed at enhancing energy efficiency, particularly in the hospitality sector. The company offers a range of innovative solutions, including the VX SERIES thermostat, which features built-in occupancy sensors and wireless networking capabilities to optimize energy use. Its products leverage advanced motion and thermal sensing technologies to monitor room occupancy, automatically adjusting heating and cooling to reduce energy consumption by over 40% while maintaining guest comfort. Verdant also provides an Online Connection Kit for remote management of its systems, along with various accessories such as wireless sensors and control card wall plates. The company markets its offerings through original equipment manufacturer (OEM) partners across North America and is headquartered in Lachine, Canada. Verdant Environmental Technologies, Inc. was incorporated in 2008 and currently operates as a subsidiary of Emerson International Holding Company Limited.

ecobee

Series C in 2018
ecobee, Inc. is a Canadian company based in Toronto that specializes in manufacturing Wi-Fi enabled smart thermostats and light automation equipment for both residential and commercial use. Founded in 2007, ecobee offers a range of products, including the SmartThermostat with voice control, ecobee3 lite, SmartSensor, and ecobee Switch+, all designed to enhance energy efficiency and provide remote access to temperature settings through a mobile application. These devices enable users to monitor and manage their energy consumption effectively, contributing to energy conservation while maintaining comfort in homes and offices. ecobee's products are available for purchase online, making them accessible to a wide audience.

Solantro Semiconductor

Series A in 2012
Solantro is a leader in module integrated electronic technology for intelligent solar solutions. The company has assembled a team of proven entrepreneurs with deep experience in system architecture, semiconductors, power conversion, RF and distributed communications systems.

Nexterra

Venture Round in 2011
Nexterra develops, manufactures and delivers advanced gasification systems that enable customers to self-generate clean, low cost heat and power at industrial and institutional facilities using waste fuels. In an era of higher energy prices, this means dramatically lower costs, higher operating margins and less reliance on fossil fuels and grid-purchased electricity. Furthermore, by using renewable biomass fuels such as wood waste, customers can dramatically reduce their carbon footprint.

Cyrium Technologies

Series B in 2005
Cyrium Technologies Inc. specializes in the development and manufacturing of concentrator photovoltaic (CPV) cells for terrestrial solar energy applications. Established in 2002 and headquartered in Ottawa, Canada, 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). Cyrium Technologies also provides optimization and customization services for cell performance through its ASCC program, catering to the needs of CPV system manufacturers and the broader solar energy market.

Nanox

Series B in 2003
Nanox, Inc. develops and manufactures nanostructured perovskite-based catalyst formulations for emission control.

Fakespace Systems

Venture Round in 2001
At Fakespace Systems, customers are discovering advanced visualization technologies.
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