BDC Capital increased VC investments to $253 mln in fiscal 2016
BDC Capital, the investment arm of the Business Development Bank of Canada (BDC), authorized $253.1 million in venture capital investments in fiscal 2016. That's up 36 percent from the $185.4 million authorized the year before. BDC Capital also reported $259.1 million in growth and transition financing going to clients in fiscal 2016, which is up 12 percent. The group contributed to the bank's overall financial results with $121.1 million in net income, which is also higher year over year. BDC Capital's Jérôme Nycz recently wrote a feature article for PE Hub Canada about increasing risk capital for high-growth Canadian technology companies.
24 August 2016•4 mins read
