Generalist · Montreal, QC
BDC Capital
Canada's largest and most active venture capital investor
- Cheque
- $250k to $15M
- Role
- Can lead a round
- Pace
- Deploying heavily
- Kind
- Generalist
- Based in
- Montreal, QC
- Founded
- 1975
- Works in
- EN + FR
- Last deal seen
- September 2026
- Stages
- Pre-seed, Seed, Series A, Series B and later
Their thesis, in full
Investment arm of the Business Development Bank of Canada and the country's largest and most active early-stage venture capital investor. BDC Capital deploys through dedicated thematic funds (Seed, Climate Tech, Thrive for women, Industrial Innovation, the StrongNorth defence fund and a $150M Life Sciences Venture Fund) with cheques from $250K to $15M. Generalist on paper but with sharp vertical convictions, BDC backs founders both in metro hubs and across regional Canada. The platform prioritizes patience and follow-on capacity, often syndicating alongside private Canadian funds and international co-leads.
What they bring past the cheque
- Bilingual support
- Thematic funds
- Government network
- Follow-on reserves
- Ecosystem reach
Questions they usually ask
Have an answer ready for each one before the first call.
- How does this investment expand Canada's tech sovereignty?
- What is your hiring plan in Canada over the next 24 months?
- Which active fund (Seed, Climate Tech, Industrial Innovation, Thrive, Life Sciences, StrongNorth) is the right home for this?
Follow-on
Deep balance sheet allows BDC to follow through Series A and B via its thematic funds, then into late stage through the $500M Growth Venture Fund, often syndicating alongside Canadian leads.
Who to talk to
- Genevieve BouthillierExecutive Vice President, BDC CapitalLinkedIn ↗
- Joe ReganSenior Managing Partner, Venture CapitalLinkedIn ↗
- Aditya AggarwalManaging Partner, Industrial Innovation Venture Fund IILinkedIn ↗
- Mona MinhasManaging Partner, Thrive Venture FundLinkedIn ↗
- Parimal NathwaniManaging Partner, Life Sciences Venture FundLinkedIn ↗
- Michael NottoPartner, Growth Equity PartnersLinkedIn ↗
Portfolio
Names they back, most notable first.
- LastwallSeries A · 2026
- PhotonicSeries B+ · 2026
- Canada Rocket CompanySeed · 2025
- A&K RoboticsSeries A · 2025
- MiovisionGrowth · 2018
- HopperSeries B+ · 2015
Often in the same rounds
Investors seen alongside them in past rounds.
- Inovia Capital
- Real Ventures
- Export Development Canada
- InBC Investment Corporation
Similar investors
Overlapping sectors and stages. Useful to build a list of 10 to 20 names for one round.
See how they fit your round
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