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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
198
Total Invested
$2.4B
Average Investment
$21.1M

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

Company NameFoundedFunding StageAmountCity
The GIST2022Venture - Series UnknownUndisclosedToronto
Flyscan2022SeedUndisclosedQuebec
SensorSuite2023Venture - Series UnknownUndisclosedMississauga
ApplyBoard2024Debt FinancingUndisclosedWaterloo
Meta Materials2023Post-IPO EquityUndisclosedDartmouth
Roomvu2021Convertible NoteUndisclosedVancouver
ReCarbon2023GrantUndisclosedSanta Clara
NuChem Sciences2021Venture - Series UnknownUndisclosedQuebec
E-SMART2021UndisclosedUndisclosedIndianapolis
Highwood Asset Management2025Post-IPO DebtUndisclosedCalgary

Complete List of Business Development Bank of Canada Portfolio Companies (198)

Export
#CompanyStageAmountLocation
1The GISTVenture - Series UnknownUndisclosedToronto, Canada
2FlyscanSeedUndisclosedQuebec, Canada
3SensorSuiteVenture - Series UnknownUndisclosedMississauga, Canada
4ApplyBoardDebt FinancingUndisclosedWaterloo, Canada
5Meta MaterialsPost-IPO EquityUndisclosedDartmouth, Canada
6RoomvuConvertible NoteUndisclosedVancouver, Canada
7ReCarbonGrantUndisclosedSanta Clara, United States
8NuChem SciencesVenture - Series UnknownUndisclosedQuebec, Canada
9E-SMARTUndisclosedUndisclosedIndianapolis, United States
10Highwood Asset ManagementPost-IPO DebtUndisclosedCalgary, Canada
eSportsMedia and EntertainmentSports

The GIST is a media company that provides sports content, experiences, and community for women.

Toronto, Canada
September 2022
Venture - Series Unknown

Founder Contacts

19,000+ verified contacts

Oil and GasSensor

Flyscan develops automated, airborne, leak, and threat detection services for oil and gas pipeline operators.

Quebec, Canada
September 2022
Seed

Founder Contacts

19,000+ verified contacts

AnalyticsArtificial Intelligence (AI)Big DataElectronicsEnergy ManagementInternet of ThingsSoftwareWireless

SensorSuite is a real-time machine intelligence platform.

Mississauga, Canada
September 2023
Venture - Series Unknown

Founder Contacts

19,000+ verified contacts

EducationInternetPaaSSoftware

ApplyBoard is a study abroad application platform that connects students, recruitment partners, and educational institutions.

Waterloo, Canada
September 2024
Debt Financing

Founder Contacts

19,000+ verified contacts

Advanced MaterialsArtificial Intelligence (AI)CleanTechInformation TechnologyNanotechnology

Meta Materials is a platform technology company that partners with OEMs across an expanding range of industries.

Dartmouth, Canada
September 2023
Post-IPO Equity

Founder Contacts

19,000+ verified contacts

AdvertisingReal EstateSocial Media

Roomvu uses AI to provide ready-made hyper local VIDEOS, that realtors personalize and publish on social media or promote via SMART ads

Vancouver, Canada
September 2021
Convertible Note

Founder Contacts

19,000+ verified contacts

Clean EnergyRenewable Energy

ReCarbon is an innovative technology platform that recycles carbon emissions into revenue generating byproducts.

Santa Clara, United States
August 2023
Grant

Founder Contacts

19,000+ verified contacts

BiotechnologyHealth CareMedicalPharmaceutical

NuChem Sciences is a drug discovery in chemistry contract research organization (CRO) located in Montréal and Lévis.

Quebec, Canada
August 2021
Venture - Series Unknown

Founder Contacts

19,000+ verified contacts

Information TechnologyManagement ConsultingSoftwareTransportation

E-SMART is a technology company that provides software solutions for a safer fleet.

Indianapolis, United States
August 2021
Undisclosed

Founder Contacts

19,000+ verified contacts

Asset ManagementIndustrialOil and Gas

Highwood Asset Management is an asset management company that manages oil production and oil midstream spaces.

Calgary, Canada
July 2025
Post-IPO Debt

Founder Contacts

19,000+ verified contacts

Health CareHospitalMedical DeviceRehabilitation

Ora Medical's rehabilitation solutions restore mobility and independence to those with physical and neurological challenges.

Montréal, Canada
July 2023
Seed

Founder Contacts

19,000+ verified contacts

AgricultureFarming

Fieldless farms is an Agri business which uses innovative indoor farming technology to produce greens.

Cornwall, Canada
July 2022
Series A

Founder Contacts

19,000+ verified contacts

Artificial Intelligence (AI)Embedded SystemsInformation TechnologyMachine LearningSoftware

Deeplite is a provider of intelligent AI optimization software to make deep neural networks faster, smaller, and energy-efficient.

Toronto, Canada
July 2022
Grant

Founder Contacts

19,000+ verified contacts

Clean EnergyCleanTechEnergyGeothermal EnergyGreenTechRenewable Energy

Eavor is a geothermal energy solution provider that develops a closed-loop system to provide baseload energy solutions.

Calgary, Canada
June 2025
Venture - Series Unknown

Founder Contacts

19,000+ verified contacts

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

Health CareInformation ServicesInformation TechnologySoftware

Greybox Solution is a digital turbo-charged healthcare platform.

Montreal, Canada
June 2025
Corporate Round

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

MiningMining Technology

Novamera develops the technology or process for making mining safer, sustainable and more profitable.

Mississauga, Canada
June 2023
Grant

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

Artificial Intelligence (AI)Computer VisionHardwareMachinery ManufacturingManufacturingRoboticsSoftware

Avidbots designs, manufactures, sells and supports autonomous connected robots that expand human potential.

Kitchener, Canada
June 2024
Series D

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

Food and BeverageFood Delivery

WeCook Meals (formerly Nutrition FitPlus) is a leader in home meal delivery

Dorval, Canada
May 2022
Series C

Founder Contacts

19,000+ verified contacts

Artificial Intelligence (AI)CreditFinanceFinancial ServicesFinTech

Borrowell offers free credit scores, education, and weekly credit monitoring, as well as innovative financial digital tools.

Toronto, Canada
May 2022
Venture - Series Unknown

Founder Contacts

19,000+ verified contacts

CleanTechCommercial Real EstateElectric VehicleEnergyEnergy StorageRenewable EnergySoftware

Software company that enables intelligent energy in smart cities

Toronto, Canada
May 2023
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

Showing 1-25 of 198 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 198 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 Software, Artificial Intelligence (AI), Information Technology, CleanTech, Renewable Energy. The firm invests across 72 different industry categories.

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

Among tracked funding rounds, Dominion Dynamics received $15.1M in a Series A 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 198 companies.

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

Recent Business Development Bank of Canada portfolio additions include The GIST, Flyscan, SensorSuite, ApplyBoard, Meta Materials. These companies were founded in 2020 or later.

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