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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
Laserax2024Series C$45.5MQuebec
Eigen Innovations2024Series Unknown$2.6MFredericton
Entosystem2024Series Unknown$42.9MSherbrooke
Mosaic Manufacturing2024Undisclosed$20.6MToronto
Tenomix2024Grant$367KLondon
Noa Therapeutics2024Grant$367KToronto
Avidbots Corp.2024Series DUndisclosedKitchener
Opalia2024Seed$1.5MMontreal
Clir Renewables2024Series Unknown$1.5MVancouver
Arolytics2023Grant$293KCalgary

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

Export
#CompanyStageAmountLocation
126LaseraxSeries C$45.5MQuebec, Canada
127Eigen InnovationsSeries Unknown$2.6MFredericton, Canada
128EntosystemSeries Unknown$42.9MSherbrooke, Canada
129Mosaic ManufacturingUndisclosed$20.6MToronto, Canada
130TenomixGrant$367KLondon, Canada
131Noa TherapeuticsGrant$367KToronto, Canada
132Avidbots Corp.Series DUndisclosedKitchener, Canada
133OpaliaSeed$1.5MMontreal, Canada
134Clir RenewablesSeries Unknown$1.5MVancouver, Canada
135ArolyticsGrant$293KCalgary, Canada
LaserMachinery Manufacturing

Laserax manufactures industrial laser machines and systems for laser marking and laser cleaning.

Quebec, Canada
October 2024
$45.5M
Series C

Founder Contacts

19,000+ verified contacts

AnalyticsArtificial Intelligence (AI)AutomotiveBuilding MaterialComputer VisionIndustrial ManufacturingMachine LearningManufacturingPlastics and Rubber ManufacturingService Industry

Eigen's machine vision solutions and AI software allow manufacturers to inspect 100% of the parts and products they produce inline.

Fredericton, Canada
October 2024
$2.6M
Series Unknown

Founder Contacts

19,000+ verified contacts

AgricultureAnimal FeedBiotechnologyFarmingRecycling

Entosystem uses innovative insect farming technologies to position themselves as a dominant player in the circular agriculture economy.

Sherbrooke, Canada
October 2024
$42.9M
Series Unknown

Founder Contacts

19,000+ verified contacts

3D PrintingManufacturingRoboticsSupply Chain Management

Mosaic is building the tools to make manufacturing more sustainable and resilient.

Toronto, Canada
September 2024
$20.6M
Undisclosed

Founder Contacts

19,000+ verified contacts

BiotechnologyHealth CareMedical DeviceOncology

Tenomix's mission is to develop novel technologies that target inefficiencies in the pathology workflow and optimize cancer care.

London, Canada
July 2024
$367K
Grant

Founder Contacts

19,000+ verified contacts

Biotechnology

Noa Therapeutics is a preclinical biotech firm that is leading the way in the development of multimodal treatments.

Toronto, Canada
July 2024
$367K
Grant

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

AgricultureBiotechnologyManufacturing

Opalia is a manufacturer of milk and milk ingredients derived from mammary cells, which are intended to replace traditional cow milk.

Montreal, Canada
March 2024
$1.5M
Seed

Founder Contacts

19,000+ verified contacts

Machine LearningRenewable EnergySaaSSoftware

Clir is a renewable energy optimization and reporting software that increases the performance and profitability of renewable plants.

Vancouver, Canada
January 2024
$1.5M
Series Unknown

Founder Contacts

19,000+ verified contacts

EnergyEnterprise SoftwareInformation TechnologySoftware

Arolytics is a software company that specializes in emissions management and regulatory compliance for the energy sector.

Calgary, Canada
November 2023
$293K
Grant

Founder Contacts

19,000+ verified contacts

AppsBiotechnologyHealth CareInformation Technology

Sparrow Acoustics is an online source that provides diagnostic information and structural condition of the heart and lungs.

St. John's, Canada
October 2023
$505K
Debt Financing

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
Series Unknown

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
$50.0M
Post Ipo Equity

Founder Contacts

19,000+ verified contacts

Artificial Intelligence (AI)Software

Flojoy will assist with a new open source solution that allows firms that are traditionally.

Montréal, Canada
August 2023
$1.3M
Seed

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

AgricultureAquacultureArtificial Intelligence (AI)

ReelData AI is a provider of artificial intelligence solutions for land-based aquaculture.

Halifax, Canada
August 2023
$250K
Debt Financing

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
$300K
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
$647K
Grant

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
$20.0M
Series A

Founder Contacts

19,000+ verified contacts

Food and Beverage

Gruvi is a line of craft brewed alcohol-free beers and wines.

Toronto, Canada
April 2023
Seed

Founder Contacts

19,000+ verified contacts

GovTechInformation TechnologySatellite CommunicationSoftwareSpace Travel

A clearing house exchange platform, providing 24/7 signal monitoring to predict when signal interference will occur for space operators.

Toronto, Canada
January 2023
$1.1M
Pre-Seed

Founder Contacts

19,000+ verified contacts

EnergyEnergy EfficiencyOil and Gas

New ultrasound-based imaging technology for delivering ultra-high resolution 3D models of oil and gas wells.

North Vancouver, Canada
January 2023
Series Unknown

Founder Contacts

19,000+ verified contacts

Waste Management

Andion Global is a technology provider that offers a fully integrated, comprehensive solution for Wastewater Treatment.

Vancouver, Canada
January 2023
Private Equity

Founder Contacts

19,000+ verified contacts

Food and BeverageFranchiseRestaurants

Foodtastic is a franchisor of restaurant brands committed to serving delicious food and drinks in innovative concepts.

Saint Laurent, Canada
December 2022
$128.1M
Debt Financing

Founder Contacts

19,000+ verified contacts

AnalyticsArtificial Intelligence (AI)Business IntelligenceInformation TechnologySaaSSoftware

Maximizing collections by combining behavioral science with AI-driven insights to improve cure rates and reduce charge-offs.

Calgary, Canada
November 2022
$42.0M
Series Unknown

Founder Contacts

19,000+ verified contacts

Showing 126-150 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), Biotechnology, Information Technology, Manufacturing. The firm invests across 58 different industry categories.

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

Among tracked funding rounds, Foodtastic received $128.1M in a Debt Financing 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 Laserax, Eigen Innovations, Entosystem, Mosaic Manufacturing, Tenomix. These companies were founded in 2020 or later.

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