Organization: BDC Venture Capital

BDC, Solidarité fund invest in US venture firm

BDC Venture Capital and Fonds de solidarité FTQ are making commitments of $20 million and $10 million respectively to San Mateo CA-based Sanderling Ventures which, in return, will establish permanent operations in Montreal. The money will be used to establish a parallel fund to Sanderling’s Venture Fund II to invest in early-stage life sciences projects…

BDC Venture expands cleantech fund

The BDC Venture Capital has injected an additional $100 million into its Energy/Cleantech (ECT) Fund to support current and future scalable opportunities in the rapidly growing sector. ECT targets companies that possess scalable, capital-efficient venture with the potential to significantly improve the efficient use of scarce resources in all industry sectors and technology platforms, particularly…

BDC Venture expands cleantech fund

The BDC Venture Capital has injected an additional $100 million into its Energy/Cleantech (ECT) Fund to support current and future scalable opportunities in the rapidly growing sector. ECT targets companies that possess scalable, capital-efficient venture with the potential to significantly improve the efficient use of scarce resources in all industry sectors and technology platforms, particularly…

BDC & DFAIT expand tech accelerator program

BDC Venture Capital is teaming with the Department of Foreign Affairs and International Trade (DFAIT) to expand the latter’s Canadian Technology Accelerator (CTA) program into the northeastern US. The one-year agreement (with an option to renew) will see the CTA program expand beyond its four centres in the San Francisco/Silicon Valley area to New York,…

BDC and NBIMC honoured for investment in Q1 Labs

The BDC Venture Capital and co-investor New Brunswick Investment Management Corp (NBIMC) have won the 2012 Deal of the Year Award for their investment in Q1 Labs Inc, a provider of security intelligence software founded in New Brunswick and acquired by IBM in 2011. The award was presented by the Canadian Venture Capital and Private…

Celtic House launches media communications fund

Celtic House Venture Partners has closed a $105-million fund that will invest in promising early-stage media communications technology (MCT). This is the fourth fund launched by Celtic House, which currently manages three other funds with $425 million in assets. Fund IV is backed by the Ontario Venture Fund, Teralys Capital, Export Development Canada and BDC…

TVM Capital closes $150-million life sciences fund

TVM Capital has closed a $150-million venture fund focused on early-stage drug development and life sciences firms. Investment in TVM Life Science Ventures VII is led by Teralys Capital with $65 million. Other investors in the Montreal-based fund include Eli Lilly & Co, BDC Venture Capital, Fondaction and Advantus Capital Management, a subsidiary of the…

iNovia Capital creates third venture capital fund

iNovia Capital has raised $100 million to launch its third fund as it builds on its strategy of focusing on companies in the Internet, digital media and communications sectors. Funding of iNovia Investment Fund III LP was secured from new and existing investors including Teralys Capital, BDC Venture Capital, AVAC Ltd, Alberta Enterprise, BC Renaissance…

OneChip raises $17 million in latest VC round

Ottawa-based OneChip Photonics Inc, a developer of optical transceivers based on monolithic photonic integrated circuits for broadband applications, has raised $17 million. The series C venture financing brings its venture backing to date to $47 million. Northwater Capital Management joins existing investors — BDC Venture Capital, GrowthWorks Capital, DCM and Morgenthaler Ventures — in the…

NeurAxon raises US$32 million for pain research

NeurAxon Inc has secured US$32 million in series B financing for further development of its pain therapeutics targeting neuronal nitric oxide synthase (nNOS) for the treatment of neuropathic pain and migraines. Created in 2004, the Toronto-based firm is opening its US headquarters in Waltham MA this fall. Leading the latest financing is Delphi Ventures and…