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The Venture Codex

BDC Capital

5, Place Ville Marie, Ground floor, Montreal, Quebec, H3B 2G2, Canada

Overview

Venture capital investor focused on high-growth technology businesses.

Deals · 12mo

26

Links

WebsiteLinkedInX (Twitter)

Stage focus

Seed
Series A

Geographic focus

Canada
United States

Sector focus

AgTech
CleanTech
Financial Services
Venture Capital
...

Investment portfolio

367rounds
NAMEDATESIZE
Axya
Sep 2026Participated
$12 MSeries A
Blair Health
Sep 2026Led
$3 MSeed
Ultimarii
Sep 2026Participated
$9 MSeries A
The Wellness Company
Sep 2026Led
$1 MSeed
Meissner
Sep 2026Participated
$3 MSeed
Helcim Inc.
Aug 2026Led
$38 MSeries C
Stathera
Jun 2026Participated
$55 MSeries B
Dominion Dynamics
Jun 2026Participated
$98 MSeries A
OutreachGenius
Jun 2026Participated
$0.99 MSeed
Float
Jun 2026Participated
$60 MSeries C
SELLIT9
Jun 2026Led
$3 MSeed
KOHO Financial
Jun 2026Participated
$93 MSeries E
Axya
Sep 2026Participated
$12 MSeries A
Blair Health
Sep 2026Led
$3 MSeed
Ultimarii
Sep 2026Participated
$9 MSeries A
The Wellness Company
Sep 2026Led
$1 MSeed
Meissner
Sep 2026Participated
$3 MSeed
Helcim Inc.
Aug 2026Led
$38 MSeries C
Stathera
Jun 2026Participated
$55 MSeries B
Dominion Dynamics
Jun 2026Participated
$98 MSeries A
OutreachGenius
Jun 2026Participated
$0.99 MSeed
Float
Jun 2026Participated
$60 MSeries C
SELLIT9
Jun 2026Led
$3 MSeed
KOHO Financial
Jun 2026Participated
$93 MSeries E
367
Items
...
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Insights

Time horizon

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Deal Distribution

BDC Capital: 367 funding rounds are recorded in the selected participation categories.All available history.
BDC Capital: 367 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed2841
Series A2554
Series B1041
Series C+740
Other Equity4572
Debt31

Monthly Deal Activity

BDC Capital: 367 deals are recorded across 231 months.All available history.
BDC Capital: 367 deals are recorded across 231 months. All available history
MonthDeals
Aug '071
Sep '071
Oct '070
Nov '070
Dec '070
Jan '080
Feb '080
Mar '080
Apr '080
May '080
Jun '080
Jul '080
Aug '080
Sep '080
Oct '080
Nov '080
Dec '080
Jan '090
Feb '090
Mar '090
Apr '090
May '090
Jun '090
Jul '090
Aug '090
Sep '090
Oct '090
Nov '090
Dec '091
Jan '101
Feb '100
Mar '102
Apr '100
May '102
Jun '101
Jul '102
Aug '100
Sep '102
Oct '101
Nov '100
Dec '100
Jan '112
Feb '111
Mar '110
Apr '111
May '112
Jun '112
Jul '111
Aug '110
Sep '111
Oct '110
Nov '111
Dec '110
Jan '121
Feb '120
Mar '120
Apr '121
May '122
Jun '120
Jul '120
Aug '120
Sep '122
Oct '122
Nov '122
Dec '123
Jan '131
Feb '130
Mar '132
Apr '131
May '131
Jun '132
Jul '131
Aug '131
Sep '131
Oct '131
Nov '132
Dec '131
Jan '143
Feb '143
Mar '143
Apr '142
May '140
Jun '140
Jul '142
Aug '141
Sep '142
Oct '141
Nov '144
Dec '143
Jan '151
Feb '151
Mar '153
Apr '150
May '152
Jun '153
Jul '153
Aug '153
Sep '151
Oct '151
Nov '152
Dec '151
Jan '162
Feb '163
Mar '167
Apr '161
May '161
Jun '163
Jul '161
Aug '162
Sep '163
Oct '160
Nov '163
Dec '161
Jan '172
Feb '171
Mar '171
Apr '171
May '172
Jun '173
Jul '172
Aug '171
Sep '173
Oct '171
Nov '172
Dec '170
Jan '180
Feb '181
Mar '182
Apr '180
May '183
Jun '181
Jul '182
Aug '180
Sep '183
Oct '186
Nov '181
Dec '180
Jan '190
Feb '191
Mar '193
Apr '191
May '190
Jun '193
Jul '191
Aug '191
Sep '196
Oct '192
Nov '190
Dec '191
Jan '202
Feb '200
Mar '201
Apr '201
May '203
Jun '203
Jul '203
Aug '204
Sep '204
Oct '201
Nov '203
Dec '203
Jan '211
Feb '216
Mar '211
Apr '213
May '213
Jun '216
Jul '218
Aug '212
Sep '210
Oct '211
Nov '213
Dec '212
Jan '220
Feb '228
Mar '222
Apr '223
May '222
Jun '222
Jul '222
Aug '222
Sep '223
Oct '220
Nov '224
Dec '222
Jan '230
Feb '232
Mar '233
Apr '237
May '234
Jun '231
Jul '232
Aug '233
Sep '232
Oct '231
Nov '233
Dec '230
Jan '243
Feb '240
Mar '241
Apr '242
May '243
Jun '241
Jul '244
Aug '242
Sep '243
Oct '244
Nov '240
Dec '240
Jan '251
Feb '251
Mar '251
Apr '252
May '251
Jun '251
Jul '251
Aug '251
Sep '255
Oct '253
Nov '250
Dec '251
Jan '262
Feb '262
Mar '261
Apr '264
May '262
Jun '266
Jul '260
Aug '261
Sep '265
Oct '260

Sector Breakdown

BDC Capital: Enterprise Software is the largest displayed sector by deal count (108 deals).All available history.

A deal can appear in multiple sectors, so sector totals may overlap. Capital represents disclosed total round sizes, not fund cheque sizes.

BDC Capital: Enterprise Software is the largest displayed sector by deal count (108 deals). All available history
SectorDeals
Enterprise Software108
Networks, Cloud & Communication81
Health & Life Sciences75
Data, Analytics & IT66
Clean Energy & Sustainability65
Hardware & Robotics62
AI & Machine Learning52
Space & Frontier Tech49
E-Commerce & Retail38
Professional Services37
Manufacturing36
Fintech33
Transportation & Logistics32
Real Estate & Construction28
Marketing & Advertising27
Food & Agriculture21
Consumer & Lifestyle18
Media & Entertainment18
Cybersecurity & Privacy16
Education & Workforce11
Developer Tools10
Social & Community Platforms9
Travel & Hospitality6
Government & Defense6
Gaming & eSports3
AR/VR2
Crypto & Blockchain1

Deal Size Distribution

BDC Capital: 367 rounds have a disclosed size in the displayed size bands.All available history.

Undisclosed round sizes are excluded. Capital represents total round sizes, not fund cheque sizes.

BDC Capital: 367 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M106
$5M-$10M74
$10M-$25M102
$25M-$50M45
$50M-$100M25
$100M-$250M12
$250M-$500M2
$500M-$1B1
$1B+0

Deals By Geography

BDC Capital: Canada has the largest recorded deal count among the displayed regions (333 deals).All available history.

Top 7 of 7 regions; European countries are grouped as Europe.

BDC Capital: Canada has the largest recorded deal count among the displayed regions (333 deals). All available history
RegionDeals
Canada333
United States24
Australia4
Europe2
India2
M5t 2e71
H2y 1p51
BDC Capital: 20 co-investors are shown, with Export Development Canada sharing 26 recorded deals.All available history.

Co-Investors

Bubble size = shared deals

Click a bubble to open that fund in a new tab.

Shows up to 20 co-investors ranked by shared deals. Deals may be shared with multiple funds, so rows overlap. Capital is total round size, not fund cheque size.

BDC Capital: 20 co-investors are shown, with Export Development Canada sharing 26 recorded deals. All available history
Co-investorShared deals
Export Development Canada26
Real Ventures24
Fonds de solidarit FTQ21
Investissement Québec21
Yaletown Partners17
OMERS Ventures13
Cycle Capital Management11
Desjardins Capital11
MaRS IAF11
Go Capital10
Inovia Capital10
StandUp Ventures10
Brightspark Ventures9
Garage Capital9
New Brunswick Innovation Foundation9
Canadian Business Growth Fund8
GrowthWorks8
Mistral Venture Partners8
Caisse de dépôt et placement du Québec7
Chrysalix Energy Venture Capital7

Investment Strategy

BDC Capital: Led accounts for 32% and participating for 68% of round participation.All available history.
BDC Capital: Led accounts for 32% and participating for 68% of round participation. All available history
CategoryDeals (count)Share (%)
Led11832%
Participating24968%
BDC Capital: Single-lead accounts for 50% and co-led for 50% of lead dynamics.All available history.
BDC Capital: Single-lead accounts for 50% and co-led for 50% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead5950%
Co-led5950%

Team

Annie Marsolais

Chief Marketing Officer

Byron Thom

Principal

Denisia Pereira

Associate Principal, Women in Tech Venture Fund

Dinar Ahmed
Erin Sheets (Basarsky) C.A./CPA
Jack Fraser

Head of Finance

Leana Keto
Mark Ohannessian, CPA, CFA, MBA
Mark S.
Mary Karamanos

Senior Vice President, Human Resources

Michael Denham

President and Chief Executive Officer

Michel Bergeron

Chief Strategy Officer

Mona Minhas
Peter Dawe
Peter Suma
Pierre Dubreuil

Executive Vice President, Financing

Remi Fournier

Chairman of the Board

Roxanne Turcotte
Stefano Lucarelli

Chief Financial Officer

Stéphane Bilodeau

Senior Vice President and Chief Information Officer