According to the Business Development Bank of Canada’s latest Venture Capital landscape report, VC investment activity in Canada declined across all stages in 2023. In response, BDC this week committed an additional $500 million to its Growth Venture Fund and $450 million to its Growth Equity Partners program in a bid to “help buoy the […]
BDC Capital
Sanctuary AI Receives Strategic Investment to Power ‘Next Frontier’ of Workplace Robotics
A robotics innovator based out of Vancouver has received an influx of capital. Sanctuary AI today announced a strategic investment from BDC Capital’s Thrive Venture Fund and InBC Investment Corp. This latest round brings the total investment in Sanctuary to over $140 million to date, according to the company, which is on a mission to […]
Semiconductor Startup Bonsai Secures the Seed It Needs to Grow
A fabless semiconductor startup developing critical infrastructure technology for next-generation wireless networks (such as 5G) announced this week a round of seed funding. The early financing round for Vancouver-based Bonsai Micro was led by Vanedge Capital with participation from BDC Capital’s Deep Tech Venture Fund. The capital will be applied toward commercializing the startup’s products, according […]
Indigenous-focused Raven Venture Fund Launches Fund II with Triple the Target Size
North America’s only Indigenous-led and owned venture capital intermediary launched its second fund today. Vancouver-based Raven Indigenous Capital Partners announced this week that Raven Fund II has launched with an initial close of $46 million and a target size of $75 million. The fund “invests in innovative, scalable Indigenous enterprises at the forefront of advancing the well-being […]
Future Capital Partners with BDC to Train 150 Angel Investors
Vancouver’s Future Capital has announced a second Women in Technology Series. The learning and opportunity platform for investors says the collaboration with BDC Capital’s Women in Technology Venture will launch this summer. The collaboration aims to “activate a new pipeline of women angel investors and diversify the ecosystem that supports tech founders,” according to a […]
Axiom Zen Spin Off ZenHub Raises $5.9 Million
Vancouver’s ZenHub has raised a $5.9 million round led by BDC Capital and Ripple Ventures. Founded in 2014 and spun out of innovation studio Axiom Zen, ZenHub is a leading team collaboration and project management suite in GitHub, empowering teams of 2 to over 20,000 to work together. Over the past six years thousands of […]
Burnaby’s Cymax Group Explores Going Public In 2021
According to the Globe and Mail’s Sean Silcoff, Burnaby’s Cymax Group is exploring going public as early as next spring. B.C. furniture e-commerce company Cymax Group Inc. is exploring going public as early as next spring, joining a string of Canadian digital companies doing the same as investor demand for tech stocks soars during the […]
Bit Stew Founders Back With AI-powered Workflow Engine
Vancouver’s Charli AI has announced the limited release of its chat-oriented and no-code workflow driven solution for the digital workplace market. No longer do businesses need to toil over burdensome tasks like invoicing, time and expense tracking. The company is releasing early access to integration partners and will be announcing its full list of integration […]