BDC Capital

BDC Capital Inc. is the private equity and venture capital arm of the Business Development Bank of Canada, established in 1975 and headquartered in Montreal. The firm specializes in direct investments and fund of funds, focusing on a broad spectrum of financing options including venture capital, growth equity, and mezzanine investments. It primarily targets small and medium-sized enterprises across various sectors, including healthcare, information technology, and clean technology. BDC Capital is particularly interested in early-stage and development technology companies, as well as women-led firms. The firm typically invests between CAD 0.1 million and CAD 35 million, often taking minority stakes and seeking board representation in its investee companies. BDC Capital emphasizes a strong presence across Canada, with particular attention to regions such as Quebec, Ontario, and British Columbia, and it employs various exit strategies, including initial public offerings and strategic sales. With a history of investing in over 400 companies, BDC Capital aims to foster the growth of innovative businesses and contribute to the economic development of the Canadian landscape.

Ahmed, Dinar

Principal

Amine Benmoussa

Principal

Bhargav, Disha

Associate Director, Fund Investment

Jeremy Billan

Partner, Growth Equity Partners

Borenstein M.B.A., MBA, Ela

Vice President, Venture Capital Incentivized Programs

Cheri Corbett

Director

Kristina D'Amico

Director, Fund Investments

Kyle Feucht

Managing Director, Growth and Transition Capital

Ajay Gopal

Associate Director

Hashmi, Saif

Principal, Seed Fund and IT Venture Fund

Vivian Kan

Partner

Karim Kennedy

Director - Cleantech Practice

Leonard Kofman

Partner, Intellectual Property-Backed Financing

Lily Lam

Director, Fund Investments

Sandy Li

Associate

Madsen B. Comm, B.Com., C.F.A., CFA, Dion

Senior Managing Partner

Miron, Claude

Managing Partner - Growth Equity Partners

Anamika Mukherjee

Partner of Industrial, Clean and Energy Technology Venture Fund

Nankivell CFA, Alison

Vice President, Fund Investments and Global Scaling

Nycz, Jérôme

EVP, BDC Capital

Park, Thomas

BDC Capital’s Deep Tech Venture Fund Partner

Jean-Philippe Poissant

Managing Director, Growth and Transition Capital

Matt Price

Managing Director, Growth and Transition Capital

Salman Qadir

Senior Associate

Loren G. Rafeson

Partner

Karl Reckziegel

Senior Vice President

Regan M.B.A., MBA, Joseph

Managing Partner, Industrial Innovation Fund

Lally Rementilla

Managing Partner

Victor Scutaru Ph.D

Managing Director, Private Equity Funds Portfolio

Matt Stanley

Director, Cleantech Practice

Stephanie Tadros

Associate Director, Fund Investments

Zoltan Tompa

Director, Cleantech Practice

Ron Warburton

Managing Partner

Ronald Warburton

Managing Partner, BDC IT Venture Fund and Seed Fund

Angelo Zeni

Managing Director, Growth and Transition Capital

Past deals in Oil and Gas Transportation

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.

Garage Gilmyr inc

Venture Round in 2020
Founded in 1993, Garage Gilmyr specializes in full truckload (TL) and less-than-truckload (LTL) transportation services, roadside assistance, and maintenance and repair of heavy vehicle and trailer fleets. Garage Gilmyr also offers transport, storage and handling logistics services. Headquartered in Montmagny, the business employs close to 320 across its locations.

Recover Energy Services

Venture Round in 2019
Recover Energy Services is an eco-tech firm that offers cost-effective and eco-friendly disposal method for oil-based drill cuttings.

Composites Vci

Venture Round in 2018
Composites Vci is a transportation environmental consulting company located in Saint-lin-laurentides.

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

Rotoliptic

Funding Round in 2016
Rotoliptic Pump is a positive displacement pump that consists of two parts. The company's pump architecture implies pump deployment and operating costs. The company extends the advantages to temperatures, gassy conditions, and aromatic applications. Rotoliptic Pump's products focused on pumping crude oil for midstream oil and gas applications.

DarkVision

Series A in 2016
DarkVision Technologies Inc. was founded in 2013 by a group of experienced entrepreneurs that have expertise and a track record in developing and commercializing imaging technologies. The company has developed a new ultrasound-based imaging technology used to image the inside of oil and gas wells. With a clear picture of the inner working of their wells, oil and gas operators can make smart decisions that reduce operating costs, increase production, improve well integrity and minimize environmental impacts. Unlike camera technologies, DarkVision’s high resolution ultrasound imaging system is able to image through opaque fluids that have inhibited the widespread use of cameras and optics as a downhole diagnostics tool.

Validere

Seed Round in 2016
Validere is a measurement, reporting, and verification (MRV) SaaS company that helps energy organizations transform disconnected, incomplete emissions data into clear and immediately actionable pathways to financial and environmental value. Modernize your carbon tracking and reporting with an emissions management platform built by industry experts.

Rotoliptic

Seed Round in 2011
Rotoliptic Pump is a positive displacement pump that consists of two parts. The company's pump architecture implies pump deployment and operating costs. The company extends the advantages to temperatures, gassy conditions, and aromatic applications. Rotoliptic Pump's products focused on pumping crude oil for midstream oil and gas applications.

Vaprema

Series B in 2008
Vaperma is a developer, manufacturer, and supplier of advanced gas separation systems. Vaperma breakthrough patented polymer membrane technology combines solvent and high temperature resistance into a strong hollow fiber which enables to address many industrial applications. Vaperma advanced gas separation systems primarily target dewatering (''dehydration'') in a range of existing energy and industrial markets, including ethanol and natural gas processing applications. It can be used for applications such as the production of fuel-grade ethanol and the dehydration of natural gas, biogas, and chemicals. With Vaperma’s patented hollow-fiber polymer membrane, we offer our customers an energy-saving and eco-friendly solution for high-purity chemical products and a sustainable environment. Vaperma’s growth strategy is to focus on continuously improving its gas separation technologies to meet the broadest range of customer needs.

Vaprema

Venture Round in 2007
Vaperma is a developer, manufacturer, and supplier of advanced gas separation systems. Vaperma breakthrough patented polymer membrane technology combines solvent and high temperature resistance into a strong hollow fiber which enables to address many industrial applications. Vaperma advanced gas separation systems primarily target dewatering (''dehydration'') in a range of existing energy and industrial markets, including ethanol and natural gas processing applications. It can be used for applications such as the production of fuel-grade ethanol and the dehydration of natural gas, biogas, and chemicals. With Vaperma’s patented hollow-fiber polymer membrane, we offer our customers an energy-saving and eco-friendly solution for high-purity chemical products and a sustainable environment. Vaperma’s growth strategy is to focus on continuously improving its gas separation technologies to meet the broadest range of customer needs.

Optosecurity

Series B in 2007
Optosecurity Inc. develops and commercializes security products for the transportation and critical infrastructure markets. It offers OptoScreener, an inline checkpoint security system that automatically detects potential threats, such as weapons and weapon parts, as well as identifies dangerous liquids and gels. Optosecurity Inc. was founded as Optobiometrics, Inc. in 2003 and later changed its name to Optosecurity Inc. in June 2004. The company is based in Quebec, Canada.

3esi

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

Optosecurity

Series A in 2005
Optosecurity Inc. develops and commercializes security products for the transportation and critical infrastructure markets. It offers OptoScreener, an inline checkpoint security system that automatically detects potential threats, such as weapons and weapon parts, as well as identifies dangerous liquids and gels. Optosecurity Inc. was founded as Optobiometrics, Inc. in 2003 and later changed its name to Optosecurity Inc. in June 2004. The company is based in Quebec, Canada.
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