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Business Development Bank of Canada

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Investments

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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.

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Total investments 218
Average round size
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The average size of a deal this fund participated in
$17M
Portfolio companies 183
Rounds per year 2.73
Lead investments 27
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.14
Exits 41
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:
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Funds with similar geography of portfolio companies:
Funds doing lead investments
Funds with similar focus acting as lead investors:

Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

Eavor

Clean Energy
CleanTech
Energy
GreenTech
Renewable Energy
$144M25 Oct 2023 Calgary, Canada

Arolytics

Energy
Enterprise Software
Information Technology
Software
19 Sep 2023 Calgary, Canada

Flojoy

Artificial Intelligence
Software
$1M29 Aug 2023 Montréal, Quebec, Canada

Vive Crop Protection

Agriculture
AgTech
Farming
Nanotechnology
Sustainability
$8M07 Jun 2023 Mississauga, Ontario, Canada

Magnestar Inc.

GovTech
Information Technology
Satellite Communication
Software
Space Travel
$1M10 Jan 2023 Toronto, Ontario, Canada

Fieldless Farm

Agriculture
Farming
$17M14 Jul 2022 Cornwall, Ontario, Canada

Axya

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

Dozr

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

Nicoya Lifesciences

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

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Total investments 218
Average round size 17M
Rounds per year 2.73
Peak activity year 2023
Lead investments 27
Follow on index 0.14
Exits 41
Group Appearance index 0.87

Latest deals

CompanyIndustryRound SizeDateInvestorsLocation

Eavor

Clean Energy
CleanTech
Energy
GreenTech
Renewable Energy
$144M25 Oct 2023 Calgary, Canada

Arolytics

Energy
Enterprise Software
Information Technology
Software
19 Sep 2023 Calgary, Canada

Flojoy

Artificial Intelligence
Software
$1M29 Aug 2023 Montréal, Quebec, Canada

Vive Crop Protection

Agriculture
AgTech
Farming
Nanotechnology
Sustainability
$8M07 Jun 2023 Mississauga, Ontario, Canada

Magnestar Inc.

GovTech
Information Technology
Satellite Communication
Software
Space Travel
$1M10 Jan 2023 Toronto, Ontario, Canada

Fieldless Farm

Agriculture
Farming
$17M14 Jul 2022 Cornwall, Ontario, Canada

Axya

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

Dozr

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

Nicoya Lifesciences

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