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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
Myomar Molecular2026Debt Financing$37KHalifax
Zetane Systems2026SeedUndisclosedMontréal
Opalia2026SeedUndisclosedMontreal
Carbon Upcycling2026Debt FinancingUndisclosedCalgary
Kepler Communications2023Series CUndisclosedToronto
Quadshift2026Venture - Series Unknown$23.0MToronto
Charli AI2026Debt Financing$356KVancouver
Northstar Clean Technologies2026Post-IPO DebtUndisclosedDelta
Assent2025Secondary MarketUndisclosedOttawa
Axya2022SeedUndisclosedMontréal

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

Export
#CompanyStageAmountLocation
26Myomar MolecularDebt Financing$37KHalifax, Canada
27Zetane SystemsSeedUndisclosedMontréal, Canada
28OpaliaSeedUndisclosedMontreal, Canada
29Carbon UpcyclingDebt FinancingUndisclosedCalgary, Canada
30Kepler CommunicationsSeries CUndisclosedToronto, Canada
31QuadshiftVenture - Series Unknown$23.0MToronto, Canada
32Charli AIDebt Financing$356KVancouver, Canada
33Northstar Clean TechnologiesPost-IPO DebtUndisclosedDelta, Canada
34AssentSecondary MarketUndisclosedOttawa, Canada
35AxyaSeedUndisclosedMontréal, Canada
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

AerospaceSatellite CommunicationTelecommunications

Kepler Communications is a satellite communications company.

Toronto, Canada
April 2023
Series C

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

CleanTechConstructionEnvironmental Consulting

Northstar Clean Technologies focuses on the recovery and reprocessing of single-use asphalt shingles.

Delta, Canada
March 2026
Post-IPO Debt

Founder Contacts

19,000+ verified contacts

Customer ServiceInformation TechnologySaaSSupply Chain Management

Assent Inc. provides cloud-based SaaS solutions for product compliance, trade compliance and ESG.

Ottawa, Canada
March 2025
Secondary Market

Founder Contacts

19,000+ verified contacts

Industrial AutomationManufacturingMarketplace

Building the best supply chain copilot for procurement teams at manufacturing companies.

Montréal, Canada
February 2022
Seed

Founder Contacts

19,000+ verified contacts

EnergyEnergy ManagementEnergy StorageFossil FuelsOil and Gas

Hydrostor develops and operates long-duration energy storage systems to replace the use of fossil fuels.

Toronto, Canada
February 2026
Corporate Round

Founder Contacts

19,000+ verified contacts

AnalyticsArtificial Intelligence (AI)Machine Learning

Periculum is an AI company providing analytic solutions for the African market.

Waterloo, Canada
February 2026
Non-equity Assistance

Founder Contacts

19,000+ verified contacts

Elder CareHealth CareInformation TechnologyMobile Apps

Revolutionizing care with community and AI: Tuktu - your local, affordable family for everyday support

Vancouver, Canada
February 2026
Venture - Series Unknown

Founder Contacts

19,000+ verified contacts

Artificial Intelligence (AI)ElectronicsInternet of ThingsManufacturingSecurity

Vosker provides remote area monitoring technology using solar power and artificial intelligence for cutting-edge surveillance solutions.

Victoriaville, Canada
February 2026
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

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

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

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

Showing 26-50 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 Artificial Intelligence (AI), Health Care, Information Technology, Machine Learning, SaaS. The firm invests across 73 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 198 companies.

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

Recent Business Development Bank of Canada portfolio additions include Myomar Molecular, Zetane Systems, Opalia, Carbon Upcycling, Kepler Communications. These companies were founded in 2020 or later.

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