BDC Capital

BDC Capital Inc. is the private equity and venture capital division of the Business Development Bank of Canada, focusing on direct investments and fund of funds strategies. The firm specializes in providing risk capital to small and medium-sized enterprises, including subordinate financing, recapitalizations, and mezzanine investments. BDC Capital's venture capital activities encompass a wide range of stages from seed funding to pre-IPO financing, with a particular emphasis on technology-based companies in sectors such as healthcare, information technology, and clean technology. It aims to support women-led businesses and typically invests between CAD 3 million and CAD 35 million, taking minority stakes in its portfolio companies. BDC Capital seeks to exit investments within three to five years through various strategies, including initial public offerings or strategic sales. Established in 1975 and headquartered in Montreal, the firm has a presence in key Canadian provinces, actively participating in syndicates and maintaining a focus on high-growth potential companies.

Trevor Allibon

MD, Growth and Transition Capital

Tim April

Managing Director, Fund Investments

Michèle Arsenault

Director, Growth and Transition Capital

Réjean Asselin

Assistant Vice President, Portfolio Management - Growth & Transition Capital

Nicolas Beaudet

Director, Growth and Transition Capital

Amine Benmoussa

Principal

Jeremy Billan

Director of Growth Equity–Growth and Transition Capital

Mike Blattman

Director, Growth and Transition Capital

Charles Blouin

Director, Growth and Transition Capital

Ela Borenstein

vice_president

Laura-Lee Brenneman

Director, Growth and Transition Capital

Jean Bédard

Director of Growth Equity- Growth and Transition Capital

Cyril Cochrane

MD, Growth and Transition Capital

Cheri Corbett

Director

Sean Crouse

Director, Growth and Transition Capital

Robert Dennison

Director of Growth and Transition Capital

Geoff Devereux

Director of Growth and Transition Capital

Pascal Dion

Director, Growth and Transition Capital

Isabelle Dionne

Director, Growth and Transition Capital

Étienne Drouin

MD, Growth and Transition Capital

Martin Dudaniec

Director of Growth and Transition Capital

Robert Duffy

VP of Growth and Transition Capital

Kyle Feucht

Director

Melanie Finlayson

Director, Growth and Transition Capital

Benoit Forcier

Cleantech Practice

Alexander Fried

Principal

Eric Gagnon

Director, Growth and Transition Capital

Carolyn Galbraith

Director, Growth and Transition Capital

Eric Girard

Director, Growth and Transition Capital

Jonathan Goodkey

Principal

Tony Gopaul

Director, Growth and Transition Capital

Jerome Hamilton

Director of Growth and Transition Capital

Matthew Hanson

Director of Growth and Transition Capital

Neal Hill

VP of Market Development

Jeffrey Hill

MD, Growth and Transition Capital

Christina Howard

Director, Growth and Transition Capital

Barry R. Hubich

VP of Growth and Transition Capital

Emmanuelle Héroux

Director, Growth and Transition Capital

Louis-David Julien

MD, Growth and Transition Capital

Marvin Junop

Director, Growth and Transition Capital

Rita Kasparian

Director, Growth and Transition Capital

Matthew Kellow

VP of Growth and Transition Capital

Karim Kennedy

Director - Cleantech Practice

Siddartha Krishnan

Partner

Enes Kula

Director, Growth and Transition Capital

Daniel Lam

Director, Growth and Transition Capital

Larry Lam

Partner, ICE Technology Venture Fund

Louise Langevin

VP, Growth and Transition Capital

Philippe Lapierre

Director, Growth and Transition Capital

Scott Lewis

MD of Growth and Transition Capital

Tabreez Lila

Director, Growth and Transition Capital

Mark Lunick

Director, Growth and Transition Capital

Vern Malcolm

Director Growth and Transition Capital

Bernard Melameth

Director, Growth and Transition Capital

Benoit Mignacco

Vice-President, Portfolio Management - Growth Capital and Business Transfer

Simon F. Mills

Director of Growth and Transition Capital

Claude Miron

Vice-President, Growth Equity

Alison Nankivell

vice_president

Mark O'Connor

Director, Growth and Transition Capital

Darren Oko

Director, Growth and Transition Capital

Ted Olak

Director of Growth and Transition Capital

Denisia Pereira

Principal

Matt Price

MD of Growth and Transition Capital

Karl Reckziegel

vice_president

Joseph Regan

Managing Partner

Mathieu Rinaldi

Director of BDC Growth and Transition Capital

James Robertson

Director of Growth and Transition Capital

Duncan Robinson

Director of Growth and Transition Capital

Susan Rohac

VP of Subordinate Financing

Christophe Romary

VP, Portfolio Management

Paul Ryan

Director, Growth & Transition Capital

Syed Saif

Associate

Marie Salama

Assistant VP, Portfolio Management – Growth and Transition Capital

Robert Shaw

Director, Growth and Transition Capital

Conor Snape

Director of Growth and Transition Capital

Marie-Josée Tremblay

Director, Growth and Transition Capital

Brett Weese

Director of Growth and Transition Capital

Brian G. Whiteway

Director, Growth and Transition Capital

Roger Wilson

Assistant VP, Growth and Transition Capital Portfolio

Ian Wyatt

Partner

Angelo Zeni

MD of Growth and Transition Capital

Past deals in Alberta

Hydrodig

Debt Financing in 2022
Hydrodig is a provider of hydro-excavation services. Hydro-excavation is safer, faster, and more cost-effective alternative than excavating with heavy machinery or by hand around buried infrastructure.

Eavor

Venture Round in 2021
Eavor Technologies Inc. is a geothermal technology company based in Calgary, Canada, founded in 2017. It focuses on creating a clean and reliable energy future through its innovative Eavor-Loop™ system, which extracts heat from deep within the Earth for commercial heating and electricity generation. This system employs advanced drilling techniques and integrates existing commercial components in a novel configuration, allowing for scalable and steady green power production. Eavor's technology circulates a benign working fluid in a closed loop, isolating it from the environment while harvesting heat from geologically accessible rock temperatures. The company also operates the Eavor-Lite™ Demonstration Project as a prototype for its technology suite, addressing challenges traditionally associated with geothermal energy.

VEERUM

Series A in 2021
VEERUM Inc. is an Industrial Internet of Things (IIoT) company based in Calgary, Canada, that specializes in digital technology for asset ownership. Founded in 2014, the company has developed an artificial intelligence-based platform designed to predict and resolve project issues, thereby optimizing asset management throughout the lifecycle of design, fabrication, and construction. VEERUM's Asset Visualization Platform allows stakeholders to access real-time data and insights through a secure cloud-based solution, presenting aggregated asset information within a 3D model for enhanced transparency and audit history. By leveraging sensor technology to create digital replicas of physical projects, VEERUM aids clients in accelerating their transition to digital asset ownership, ultimately supporting the development and maintenance of critical infrastructure.

Preciseley Microtechnology

Private Equity Round in 2020
Preciseley Microtechnology Corporation specializes in the design and manufacture of micro-electromechanical systems (MEMS) products, focusing on micro-mirror devices that are integral to 5G telecommunications. The company's product offerings include various types of MEMS mirrors, such as tilting, scanning, and piston mirrors, as well as linear and matrix mirror arrays, MEMS optical shutters, and packaged MEMS chips. Additionally, Preciseley develops MEMS driver evaluation boards and 1XN switches. Beyond telecommunications, the company also produces MEMS sensors for applications like seismic sensing and high-temperature pressure monitoring for downhole operations. Founded in 2006 and headquartered in Edmonton, Canada, Preciseley Microtechnology has established itself as a leader in the MEMS industry.

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.

Drillform

Private Equity Round in 2020
Drillform products are specifically manufactured to be easily maintained and supported in the field by the drilling contractor and our own experienced field service technicians.
Benchmark Instrumentation & Analytical Services is an employee owned measurement solution company. The company provide the means to capture your measurement on your terms, and we expect our performance to be benchmarked by your experience with us.

Nemalux Led Lighting

Private Equity Round in 2019
Nemalux Led Lighting is a consumer electronics manufacturing company located in Calgary.

Lube City

Private Equity Round in 2019
Lube City Corp. provides oil change, fleet maintenance, and car filter services. The company offers automatic oil change, transmission fluid, fuel treatment, power steering fluid, and battery replacement services. Additionally it offers automatic transmission oil change, engine flush service, radiator coolant system, fuel system, tune-up, and fuel filter services. The company was founded in 1990 and is headquartered in Edmonton, Canada.

Hifi Engineering

Venture Round in 2019
HiFi Engineering Inc. develops fiber optic sensing systems sensors, hardware, and visualization software focused on downhole and pipe applications. The company provides fiber optic pipeline monitoring products for reservoir monitoring, well and pipeline integrity monitoring, and leak detection applications. It offers HDS MiCro tool for downhole flow applications; and HDS MaCro system for permanent monitoring of pipelines and reservoirs. It serves oil and gas service companies in North America. The company was founded in 2007 and is based in Calgary, Canada.

Recover Energy Services

Venture Round in 2019
Recover Energy Services Inc. is an environmental technology company based in Calgary, Canada, specializing in the removal and recycling of oil from drill cuttings generated by oil-based mud drilling. Founded in 2008, the company employs a patented process to clean oil-based drilling waste, successfully recovering base oil while significantly reducing carbon dioxide emissions. This innovative approach allows oil and gas companies to manage their oil-based drill cuttings in a safe, cost-effective, and environmentally responsible manner. Previously known as Cutting Edge Systems Inc., the company adopted its current name in March 2016, reflecting its focus on sustainable practices within the Canadian oil field industry.

Fiasco Gelato

Venture Round in 2019
Fiasco is an artisan gelato and sorbetto manufacturer and wholesaler which prides itself on using quality ingredients and production processes. A Certified B Corp since 2016, Fiasco was named a “Best for the World” honouree in 2018. The company was also recognized last month as one of the “Best Workplaces in Canada” by Great Place to Work and one of “Canada’s Top Small & Medium Employers” by Mediacorp Canada.
Quorum is a North American company focused on developing, marketing, implementing and supporting its XSELLERATOR product for GM, Isuzu, Chrysler, Hyundai, KIA, Nissan, Subaru, NAPA and Bumper to Bumper dealerships. XSELLERATOR is a dealership and customer management software product that automates, integrates and streamlines every process across departments in a dealership.

Field Upgrading

Venture Round in 2018
Field Upgrading Limited is partnering with Ceramatec, an advanced ceramic material technology research and development company based in Salt Lake City, UT, to develop De-Sulphurization & Upgrading (DSU™), a breakthrough sour heavy sulphur removal and upgrading process. The DSU™ process involves mixing elemental molten sodium and relatively small quantities of hydrogen with a sour feedstock to produce a low sulphur upgraded heavy oil product. The DSU™ product has a 8-10 API increase (related to the amount of sulphur in the feedstock) and contains

NOBAL Technologies

Seed Round in 2018
The top priorities in retail are to create shopping experiences with engaging digital applications and streamlining the path to purchase. The era of integrated omnichannel retail is built on experiences that delight consumers. NOBAL creates innovative and intuitive digital interfaces to enhance customer experience. The iMirror’s versatile user experience, interface, and hardware display, is custom designed to reflect company brand and public image and is usable across multiple industries.

Circle Cardiovascular Imaging

Venture Round in 2016
Circle Cardiovascular Imaging develops and markets cardiovascular post-processing software for the evaluation of magnetic resonance imaging (MRI) and CT images. It offers cmr42, a cardiovascular post-processing software for viewing and analyzing cardiovascular MR (CMR) images; ct42, a cardiovascular post-processing software for viewing and analyzing CCT images; cvi42, an integrated cardiovascular post-processing software for viewing and analyzing CMR and CCT images; and report42, a software solution that facilitates the documentation and reporting of CMR and CCT images. Circle Cardiovascular Imaging also provides product support, and training and education services for its software. Its software is used in the treatment of various indications, including heart failure, coronary artery disease, ischemic heart disease, myocardial infarction/scar, non-ischemic CM, myocarditis, valvular heart disease, cardiac masses, pericardial disease, pulmonary angiography, atrial fibrillation, carotid disease, and thoracic aortic disease. Its software is used by physicians and healthcare institutions in clinical and research settings. Circle Cardiovascular Imaging markets its software through a network of distributors worldwide. Kelly Cherniwchan founded it in 2007, with its headquarters in Calgary in Canada.

NOBAL Technologies

Convertible Note in 2016
The top priorities in retail are to create shopping experiences with engaging digital applications and streamlining the path to purchase. The era of integrated omnichannel retail is built on experiences that delight consumers. NOBAL creates innovative and intuitive digital interfaces to enhance customer experience. The iMirror’s versatile user experience, interface, and hardware display, is custom designed to reflect company brand and public image and is usable across multiple industries.

SafetyTek Software

Seed Round in 2016
SafetyTek is a safety engagement platform built to automatically implement a companies safety program. When safety is properly enforced companies see the elimination of unplanned work stoppages, they reveal the true value of safety where every $1 in make $8 in revenue, and they invest in their reputation by retaining top talent and gain repeat business from clients. SafetyTek delivers accountable real-time safety performance!

Circle Cardiovascular Imaging

Venture Round in 2012
Circle Cardiovascular Imaging develops and markets cardiovascular post-processing software for the evaluation of magnetic resonance imaging (MRI) and CT images. It offers cmr42, a cardiovascular post-processing software for viewing and analyzing cardiovascular MR (CMR) images; ct42, a cardiovascular post-processing software for viewing and analyzing CCT images; cvi42, an integrated cardiovascular post-processing software for viewing and analyzing CMR and CCT images; and report42, a software solution that facilitates the documentation and reporting of CMR and CCT images. Circle Cardiovascular Imaging also provides product support, and training and education services for its software. Its software is used in the treatment of various indications, including heart failure, coronary artery disease, ischemic heart disease, myocardial infarction/scar, non-ischemic CM, myocarditis, valvular heart disease, cardiac masses, pericardial disease, pulmonary angiography, atrial fibrillation, carotid disease, and thoracic aortic disease. Its software is used by physicians and healthcare institutions in clinical and research settings. Circle Cardiovascular Imaging markets its software through a network of distributors worldwide. Kelly Cherniwchan founded it in 2007, with its headquarters in Calgary in Canada.

3esi

Seed Round in 2006
3esi provides software solutions for the oil and gas industry.

Optessa

Seed Round in 2005
Optessa provides optimal intelligent planning and scheduling solutions for manufacturing companies. The company focuses is to deliver complete solutions ready for execution by the shop floor. The company's rich constraints library will not only address current needs but will also meet future needs without the need for development. Its patented solver considers the entire solution space and arrives at an optimal solution. The company's planning and scheduling solutions can be applied as individual solutions but are most powerful when combined enabling for the alignment of production rules between planning and scheduling. Applying production rules for the slotting of orders during planning guarantees that all relevant plant and supplier capacities and sales requirements are taken into consideration resulting in feasible input for short term scheduling in turn leading to a high quality solution. Optessa was founded on 2001 and is based in Edmonton, Alberta, Canada.