The Business Development Bank of Canada related stories
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BDC Venture Capital leads seed round for NeurioNeurio (formerly Energy Aware) has raised C$1.5 million in seed funding. BDC Venture Capital led the round. Based in Vancouver, British Columbia, Neurio is a home intelligence tech firm.
- Extreme Venture Partners leads $2 mln seed funding in Wagepoint
Extreme Venture Partners has led a $2 million seed funding round in Wagepoint, a human resources tech company specializing in online payroll. Business Development Bank of Canada, Atlantic Canada Opportunities Agencies and U.S. and Canadian angel investors also participated in the funding.
Wagepoint seeded with $2 mln to advance online payroll solutionsWagepoint has raised US$2 million in seed-stage financing. The round was led by Canadian venture capital firm Extreme Venture Partners, and was joined by the Business Development Bank of Canada (BDC), Atlantic Canada Opportunities Agencies (ACOA) and several Canadian and U.S. angel investors. Wagepoint, which has developed an online payroll platform that assists small businesses in automating and simplifying payroll processes, said the funding will help accelerate its penetration into the U.S. market and enhance its product portfolio. The company currently serves nearly 700 North American customers from its offices in Waterloo, Halifax and New York.
BDC survey shows Canadian SMEs keen to invest in new projectsA new survey conducted by the Business Development Bank of Canada (BDC) has found that close to 80 percent of Canadian small and medium-sized enterprises intend to invest in new projects over the next 12 months. Planned areas of business investment included marketing, technology and operations optimization. R&D projects were ear-marked to receive the greatest amount of money, with over one third of respondents planning to invest more than $100,000. The survey also found that exporters were more inclined to invest in new projects than non-exporters.
Stonebridge raises initial $201.5 mln for second infrastructure debt fundCanadian financial services firm Stonebridge Financial Corp has launched Stonebridge Infrastructure Debt Fund II LP with initial capital commitments totaling $201.5 million. Commitments were provided by Canadian institutional investors and the Business Development Bank of Canada (BDC). Like Fund I, Stonebridge's second investment vehicle will focus on long-term senior debt financings that support the construction, operation, ownership or maintenance of a range of social infrastructure assets, such as hospitals, schools and transportation facilities, and energy infrastructure assets.
- BitHound pulls in $2 mln seed
BitHound has received over $2 million in seed funding. The investors included Michael Wekerle of Difference Capital and BDC Capital. Headquartered in Kitchener, Ontario, BitHound is a software analytics solutions provider.
Difference Capital's Michael Wekerle leads $2 mln seed funding of bitHoundSoftware analytics platform bitHound has raised a total of $2 million in seed-stage financing. The round was led by Michael Wekerle, co-founder and CEO of Canadian specialty finance firm Difference Capital, and was joined by BDC Capital and a number of angel investors. Headquartered in Kitchener, Ontario, bitHound provides developers with the information needed to deliver clean, efficient and maintainable software. The company, which was founded last year, said proceeds of the seed investment will help it to grow and hire new staff.
LeddarTech ropes in $7 mln from BDC Capital, GO CapitalLeddarTech Inc has raised $7 million in financing. Canadian venture capital investors BDC Capital and GO Capital LP led the round. Based in Québec City, LeddarTech provides advanced detection and ranging systems based on sensing technology. Update: The company said it will use the new funds to accelerate its sales and marketing efforts and to support the ramp up of its manufacturing and service operations. LeddarTech has raised $16 million in total funding since it was founded in 2007. It has also been backed by iSource, Accès Capital and Desjardins-Innovatech.
- LeddarTech ropes in $7 mln
LeddarTech has raised $7 million in funding. BDC Capital and GO Capital led the round. Based in Quebec, LeddarTech provides advanced detection and ranging systems based on sensing technology.
Bridging the gap between debt and equity: BDC’s $600 mln strategyTwo months ago, the Business Development Bank of Canada (BDC) created BDC Capital, a new division that brings its private capital teams together under a single roof. As part of this initiative, BDC’s long-standing subordinate financing group was renamed Growth and Transition Capital (GTC). BDC's Robert Duffy told peHUB Canada that GTC’s investment activity has grown sharply of late, with its portfolio value at cost rising 49 percent since 2011 to more than $600 million today.