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Business Development Bank of Canada

Investor type Government Office

Overview

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This summary is composed by our algorithm based on the analysis of the deals. If you think that some of this information is not accurate, please let us know about it and provide any supporting evidences if possible. Such cases will be analyzed by our ML-algorithm and implemented in our database, which will improve this summary.
Total investments 159
Average round size
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The average size of a deal this fund participated in
$19M
Portfolio companies 138
Rounds per year 2.04
Lead investments 18
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.13
Exits 36
Key employees 18
Stages of investment
Early Stage Venture
Late Stage Venture
Private Equity
Seed

Areas of investment

  • Software
  • Information Technology
  • Biotechnology
  • Health Care
  • Manufacturing
Summary

Business Development Bank of Canada appeared to be the Corporate Investor, which was created in 1944. The main department of described Corporate Investor is located in the Montru00e9al. The venture was found in North America in Canada.

The standard case for the fund is to invest in rounds with 3-4 partakers. Despite the Business Development Bank of Canada, startups are often financed by Celtic House Venture Partners, MaRS Investment Accelerator Fund, VentureLink LP. The meaningful sponsors for the fund in investment in the same round are Ventures West, VenGrowth Asset Management, T2C2 Capital. In the next rounds fund is usually obtained by VenGrowth Asset Management, Menlo Ventures, Chrysalix Venture Capital.

The overall number of key employees were 17.

Opposing the other organizations, this Business Development Bank of Canada works on 7 percentage points less the average amount of lead investments. When the investment is from Business Development Bank of Canada the average startup value is 100-500 millions dollars. The usual things for fund are deals in the range of 10 - 50 millions dollars. The increased amount of exits for fund were in 2019. Considering the real fund results, this Corporate Investor is 3 percentage points more often commits exit comparing to other organizations. The top activity for fund was in 2018. The fund is constantly included in 2-6 deals per year.

The fund has exact preference in some founders of portfolio startups. In case when startup counts 5+ of the founder, the chance for it to get the investment is meager. Moreover, a startup needs to be at the age of 6-10 years to get the investment from the fund. For fund there is a match between the country of its foundation and the country of its the most frequent investments - Canada. Among the most successful fund investment fields, there are Semiconductor, Manufacturing. Among the most popular portfolio startups of the fund, we may highlight Celator Pharmaceuticals, Assent Compliance, Colubris Networks.

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Related Funds

Funds investing in previous rounds
These funds often invest in the rounds preceeding the rounds of Business Development Bank of Canada:
Typical Co-investors
Business Development Bank of Canada is more likely to invest in rounds together with the following funds:
Funds investing in following rounds
These funds have a tendency to invest in the following rounds after Business Development Bank of Canada:

Funds with similar focus

Funds from Canada
Funds with similar focus located in Canada:
Funds with the same geo focus
Funds with similar geography of portfolio companies:
Funds doing lead investments
Funds with similar focus acting as lead investors:

Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

Dynamic Capital Equipment Finance

Finance
Financial Services
$200M11 May 2022 Kelowna, British Columbia, Canada

Andion Global

Waste Management
Water
$214M22 Feb 2022 Vancouver, British Columbia, Canada

Axya

Industrial Automation
Marketplace
$3M09 Feb 2022 Montreal, Quebec, Canada

Dozr

Information Services
Information Technology
Marketplace
$21M08 Feb 2022 Kitchener, Ontario, Canada

KOHO Financial

Finance
Financial Services
FinTech
Mobile Payments
Payments
Personal Finance
$119M01 Feb 2022 Old Toronto, Ontario, Canada

Sierra Wireless

Internet of Things
Mobile
$47M20 Jan 2022 Richmond Hill, Ontario, Canada

Nicoya Lifesciences

Biotechnology
Developer Platform
Nanotechnology
Sensor
$15M16 Dec 2021 Waterloo, Ontario, Canada

General Fusion

Energy
Environmental Engineering
Renewable Energy
$131M30 Nov 2021 Burnaby, British Columbia, Canada

Booxi

Information Technology
Marketing
$1M23 Nov 2021 Montreal, Quebec, Canada

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