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Business Development Bank of Canada Portfolio Companies

Investor actively backing innovative startups and growth-stage companies across various industries and funding rounds.

Last updated: July 2026

Business Development Bank of Canada Investment Overview

Portfolio Companies
155
Total Invested
$2.4B
Average Investment
$21.1M

Business Development Bank of Canada's Most Recent Investments (2020+)

Company NameFoundedFunding StageAmountCity
Dominion Dynamics2026Series A$15.1MOttawa
SELL IT92026Seed$1.4MToronto
Spring Loaded Technology2026Venture - Series UnknownUndisclosedDartmouth
Lastwall2026Series AUndisclosedMountain View
Xanadu2026Post-IPO EquityUndisclosedToronto
Myomar Molecular2026Debt Financing$37KHalifax
Zetane Systems2026SeedUndisclosedMontréal
Opalia2026SeedUndisclosedMontreal
Carbon Upcycling2026Debt FinancingUndisclosedCalgary
Quadshift2026Venture - Series Unknown$23.0MToronto

Complete List of Business Development Bank of Canada Portfolio Companies (155)

Export
#CompanyStageAmountLocation
1Dominion DynamicsSeries A$15.1MOttawa, Canada
2SELL IT9Seed$1.4MToronto, Canada
3Spring Loaded TechnologyVenture - Series UnknownUndisclosedDartmouth, Canada
4LastwallSeries AUndisclosedMountain View, United States
5XanaduPost-IPO EquityUndisclosedToronto, Canada
6Myomar MolecularDebt Financing$37KHalifax, Canada
7Zetane SystemsSeedUndisclosedMontréal, Canada
8OpaliaSeedUndisclosedMontreal, Canada
9Carbon UpcyclingDebt FinancingUndisclosedCalgary, Canada
10QuadshiftVenture - Series Unknown$23.0MToronto, Canada
GovernmentInformation TechnologyMilitaryNational SecurityRemote Sensing

Dominion Dynamics builds platforms that integrate sensor data and autonomous assets for real-time command and control.

Ottawa, Canada
June 2026
$15.1M
Series A

Founder Contacts

19,000+ verified contacts

CleanTechConsumer ElectronicsE-CommerceFinTechPaymentsRetail Technology

Embedded trade-in platform for online stores. Merchants offer instant trade-in for store credit, SELLIT9 handles everything end-to-end.

Toronto, Canada
June 2026
$1.4M
Seed

Founder Contacts

19,000+ verified contacts

Consumer ElectronicsFitnessMedical Device

Spring Loaded Technology is a production company that designs and develops knee braces to reduce joint stress and improve patient mobility.

Dartmouth, Canada
June 2026
Venture - Series Unknown

Founder Contacts

19,000+ verified contacts

InternetSecurity

Lastwall is building new internet security systems, broadly based on new ways of authenticating users and strongly enforcing identity.

Mountain View, United States
May 2026
Series A

Founder Contacts

19,000+ verified contacts

AdviceAsset ManagementBig DataFinancial ServicesHardwareQuantum ComputingSoftware

Xanadu provides hardware, software, applications, and simulators for quantum computing.

Toronto, Canada
May 2026
Post-IPO Equity

Founder Contacts

19,000+ verified contacts

Health CareHealth DiagnosticsMedical

Myomar Molecular is developing a diagnostic tool to identify early stages of muscle atrophy.

Halifax, Canada
May 2026
$37K
Debt Financing

Founder Contacts

19,000+ verified contacts

Artificial Intelligence (AI)Big DataComputer VisionData VisualizationInformation TechnologyMachine LearningPredictive AnalyticsSaaSSoftware

Zetane Systems is a SaaS company offering an AI development platform for enterprise and industrial applications of machine learning.

Montréal, Canada
April 2026
Seed

Founder Contacts

19,000+ verified contacts

AgricultureBiotechnologyFood and BeverageManufacturing

Opalia develops food technology focused on producing animal-free dairy using cell-based systems.

Montreal, Canada
April 2026
Seed

Founder Contacts

19,000+ verified contacts

Advanced MaterialsBuilding MaterialCarbon CaptureCleanTechConstructionWaste Management

Carbon Upcycling develops technology to produce local, low-carbon cement materials from CO₂ emissions and industrial byproducts

Calgary, Canada
April 2026
Debt Financing

Founder Contacts

19,000+ verified contacts

B2BE-CommerceSaaS

Quadshift provides B2B SaaS solutions to thousands of businesses by acquiring and building software companies in vertical markets.

Toronto, Canada
April 2026
$23.0M
Venture - Series Unknown

Founder Contacts

19,000+ verified contacts

Artificial Intelligence (AI)Productivity ToolsSaaSSoftwareSoftware EngineeringVirtual Assistant

Meet Charli, AI to make work flow. Delegate the boring stuff.

Vancouver, Canada
March 2026
$356K
Debt Financing

Founder Contacts

19,000+ verified contacts

AppsHealth CareMedical

Felix is a digital healthcare company providing seamless access to medication through online diagnoses and delivery.

Toronto, Canada
October 2025
$53.0M
Series C

Founder Contacts

19,000+ verified contacts

Health CareHospitalWearables

Medical Device - Steadiwear pioneers novel stabilization technologies for those with hand tremors

Toronto, Canada
September 2025
$1.4M
Venture - Series Unknown

Founder Contacts

19,000+ verified contacts

Artificial Intelligence (AI)Generative AIMachine LearningNatural Language Processing

Cohere is an enterprise AI firm developing secure and private AI technology to address real-world business challenges.

Toronto, Canada
September 2025
$100.0M
Series D

Founder Contacts

19,000+ verified contacts

MarketplaceRentalRental PropertyTour OperatorTourismTravelTravel AccommodationsVacation Rental

Lake is an online vacation rental platform for properties near the water.

Toronto, Canada
September 2025
$2.6M
Pre-Seed

Founder Contacts

19,000+ verified contacts

AerospaceEnvironmental ConsultingOil and GasRemote Sensing

GHGSat’s mission is to become the global reference for remote sensing of greenhouse gas

Montréal, Canada
September 2025
$34.0M
Convertible Note

Founder Contacts

19,000+ verified contacts

EnergyEnergy EfficiencyEnvironmental EngineeringRenewable Energy

General Fusion provides commercial fusion energy by developing a magnetized target fusion (MTF) technology.

Richmond, Canada
August 2025
$21.6M
Venture - Series Unknown

Founder Contacts

19,000+ verified contacts

AgricultureAgTechArtificial Intelligence (AI)Internet of ThingsSensor

BinSentry is a technology company that helps agriculture enterprises optimize feed supply chains through AI-powered sensors.

Kitchener, Canada
August 2025
$50.0M
Series C

Founder Contacts

19,000+ verified contacts

Artificial Intelligence (AI)LegalLegal TechMachine LearningProfessional Services

Blue J is a gen AI platform that delivers verifiable tax research and automated drafting to help tax professionals.

Toronto, Canada
August 2025
$122.0M
Series D

Founder Contacts

19,000+ verified contacts

Artificial Intelligence (AI)Financial ServicesFinTech

Conquest Planning provides financial planning software that supports personalized goal-based advice.

Winnipeg, Canada
June 2025
$80.0M
Series B

Founder Contacts

19,000+ verified contacts

Health CarePersonal HealthWomen's

Eli is building the real-time interface to the human body, starting with HormometerNthe world's first instant hormone monitoring system

Montreal, Canada
June 2025
$12.4M
Series A

Founder Contacts

19,000+ verified contacts

BankingEmbedded SoftwareFinancial ServicesFinTechInformation Technology

Fintech Service Management for Financial Institutions

Vancouver, Canada
June 2025
$29.9M
Series B

Founder Contacts

19,000+ verified contacts

Cyber SecurityPenetration Testing

GlitchSecure provides real-time continuous security testing to help companies secure their products and infrastructure.

Winnipeg, Canada
April 2025
$1.4M
Seed

Founder Contacts

19,000+ verified contacts

Oil and GasSoftware

PrePad provides advanced software solutions for optimizing capital lifecycle management, and asset development in the oil and gas drilling.

Calgary, Canada
April 2025
$2.8M
Seed

Founder Contacts

19,000+ verified contacts

FashionManufacturingTextilesWearablesWomen's

SRTX Labs creates breakthrough materials and software solutions for textiles, emphasizing durability, sustainability, and smart production.

Montréal, Canada
March 2025
$40.0M
Venture - Series Unknown

Founder Contacts

19,000+ verified contacts

Showing 1-25 of 155 portfolio companies

Frequently Asked Questions About Business Development Bank of Canada

How many companies has Business Development Bank of Canada invested in?

Business Development Bank of Canada has invested in 155 companies tracked in our database. The portfolio spans multiple industries and funding stages, from seed-stage startups to late-stage companies.

What industries does Business Development Bank of Canada invest in?

Business Development Bank of Canada's top investment sectors include Artificial Intelligence (AI), Software, Health Care, Information Technology, FinTech. The firm invests across 78 different industry categories.

What is Business Development Bank of Canada's largest investment?

Among tracked funding rounds, Blue J received $122.0M in a Series D round. Business Development Bank of Canada's total known invested capital is $2.4B.

What is the average investment size for Business Development Bank of Canada?

Business Development Bank of Canada's average investment size is $21.1M across its portfolio of 155 companies.

What are Business Development Bank of Canada's most recent investments?

Recent Business Development Bank of Canada portfolio additions include Dominion Dynamics, SELL IT9, Spring Loaded Technology, Lastwall, Xanadu. These companies were founded in 2020 or later.

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