BDC Capital’s Climate Tech Fund
BDC Capital's Climate Tech Fund is a Canadian venture capital vehicle, operated under the Business Development Bank of Canada, that invests in early- and growth-stage climate technology companies based in Canada.
- Company typePrivate
- Founded1944
- HeadquartersMontréal, Canada
- Headcount—
- GTM typeB2B
- OfferingServices
What BDC Capital’s Climate Tech Fund does
BDC Capital's Climate Tech Fund is a specialized venture capital vehicle operated by BDC Capital, the wholly-owned investment subsidiary of the Business Development Bank of Canada (BDC), a Canadian Crown corporation founded in 1944. The fund invests in Canadian climate technology firms, deploying patient growth capital into early- and growth-stage companies developing solutions for the energy transition and decarbonization.
The fund sits within BDC Capital's broader investment platform, which spans venture capital, growth & transition capital, and growth equity, and leverages BDC's national infrastructure across Canadian provinces. As a Crown corporation, BDC reports to the Minister of Innovation, Science and Economic Development Canada and channels government-mandated capital toward Canadian entrepreneurs, with a geographic restriction limiting products and services to Canada.
BDC does not publicly disclose fund-level financials such as AUM, fund size, or management fees for the Climate Tech Fund. Revenue mechanics for the fund itself are not disclosed; the parent BDC is not a publicly traded entity and does not break out subsidiary or fund-level revenue. The only confirmed portfolio activity in the supplied data is a 2025 Series A participation in Exterra ($20M USD), a company converting asbestos mining waste into climate-relevant materials.
BDC Capital’s Climate Tech Fund firmographics
Firmographics- Name
- BDC Capital’s Climate Tech Fund
- Legal name
- Business Development Bank of Canada
- Website
- https://bdc.ca
- Company type
- Private
- Founded year
- 1944
- Operating status
- Operating
- Short description
- BDC Capital's Climate Tech Fund is a Canadian venture capital vehicle, operated under the Business Development Bank of Canada, that invests in early- and growth-stage climate technology companies based in Canada.
- Ownership category
- akta.pro rank
BDC Capital’s Climate Tech Fund industry classification
Industry- Product category
- Venture Capital / Climate Tech Investment
- NAICS
- Funds, Trusts, and Other Financial Vehicles (525), Other Financial Vehicles (525990)
- SIC
- Finance Services (6199), Federal & Federally-Sponsored Credit Agencies (6111)
- akta.pro primary industry
- Climate / Clean Tech & Decarbonization Funds (FSANAJAA)
- akta.pro secondary industries
- BDC / Public Vehicle Venture Debt Providers (FSANAIAC), Development Finance & Blended Finance Facilities (BPADAOAD)
Keywords
Where BDC Capital’s Climate Tech Fund is headquartered
LocationHeadquarters
- HQ city
- Montréal
- HQ country
- Canada
- HQ region
- North America
Markets served
BDC Capital’s Climate Tech Fund business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Others
BDC Capital’s Climate Tech Fund product offering
Product offeringCore offering
BDC Capital's Climate Tech Fund is a specialized venture capital investment vehicle that provides equity financing to Canadian climate technology companies. The fund deploys growth-stage capital into firms developing solutions for climate change mitigation, decarbonization, and environmental sustainability, drawing on BDC Capital's broader Canadian venture capital platform. It offers portfolio companies patient capital, sector expertise, and access to BDC's national entrepreneur network.
Product overview
BDC Capital offers financing solutions including venture capital, growth and transition capital, and growth equity. BDC Capital's Climate Tech Fund is a specialized investment vehicle within BDC Capital's portfolio focused on climate technology investments. However, the source material does not provide specific product details, module descriptions, or a detailed product portfolio for the Climate Tech Fund itself.
Differentiator
Problem solved
Functional benefit
Products and services
- Climate Tech Fund II
Companies that use BDC Capital’s Climate Tech Fund
Customer profileIdeal customer profiles1 record
BDC Capital’s Climate Tech Fund technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
BDC Capital’s Climate Tech Fund partnerships and signals
Strategic signalRecent moves3 records
Expansion highlights3 records
BDC Capital’s Climate Tech Fund competitors and assessment
Company assessmentDirect peers
- Pangaea Ventures: Climate tech venture fund backing advanced materials, energy, and sustainability startups with strong North American exposure. Direct peer as a dedicated climate-tech VC.
- InvestEco Capital: Toronto-based VC manager focused on sustainable food and clean technology in Canada. Comparable as a Canada-only specialized climate/sustainability VC.
- ArcTern Ventures: Canadian venture capital fund focused exclusively on climate tech and clean energy startups. Direct peer as a Canada-based, climate-tech-only VC fund targeting similar founders and stages.
- Cycle Capital: Montreal-based cleantech venture capital firm investing across North America in climate solutions. Highly comparable as a Canadian-domiciled cleantech/climate VC with overlapping sector mandate.
- Renewal Funds: Vancouver-based impact venture fund investing in sustainable consumer products and clean technology in Canada. Direct peer given Canadian footprint and climate/clean-tech thesis.
Regional players
- Real Ventures: Montreal-based early-stage VC that invests across sectors including cleantech, with overlap into climate-relevant bets. Regional peer with comparable geography but broader sector mandate.
Broad incumbents
- BDC Capital (Growth Equity Partners): Sister fund within BDC Capital offering growth equity for Canadian companies, including climate-relevant businesses. Broad incumbent on the same platform as the Climate Tech Fund.
- Breakthrough Energy Ventures: Bill Gates-backed global climate tech VC fund investing across the full climate spectrum. Broad incumbent and benchmark for institutional climate-tech capital at much larger scale.
Others
- SDTC (Sustainable Development Technology Canada): Canadian federal fund that supports Canadian cleantech projects through grants and late-stage capital. Adjacent as a Canadian government-backed climate capital provider rather than a direct VC competitor.
Emerging players
- Clean Energy Ventures: US-based seed and early-stage VC focused on decarbonization technologies. Emerging peer with a more specialized, earlier-stage climate-tech focus than the BDC fund.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks5 records
Key highlights4 records
Customer concentration
BDC Capital’s Climate Tech Fund social profiles
Digital presenceBDC Capital’s Climate Tech Fund financial estimates
Financial estimateRevenue estimate
Valuation estimate
BDC Capital’s Climate Tech Fund leadership team
Management profileNumber of profiles
Profiles1 record
BDC Capital’s Climate Tech Fund subsidiaries and ownership
Company hierarchySubsidiaries1 record
BDC Capital’s Climate Tech Fund funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
BDC Capital’s Climate Tech Fund M&A and investment
M&A and investmentM&A
Investments14 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about BDC Capital’s Climate Tech Fund
What does BDC Capital’s Climate Tech Fund do?
BDC Capital's Climate Tech Fund is a specialized venture capital investment vehicle that provides equity financing to Canadian climate technology companies. The fund deploys growth-stage capital into firms developing solutions for climate change mitigation, decarbonization, and environmental sustainability, drawing on BDC Capital's broader Canadian venture capital platform. It offers portfolio companies patient capital, sector expertise, and access to BDC's national entrepreneur network.
Is BDC Capital’s Climate Tech Fund a public or private company?
BDC Capital’s Climate Tech Fund is a private company. It is classified as state government owned and is currently operating.
When was BDC Capital’s Climate Tech Fund founded?
BDC Capital’s Climate Tech Fund was founded in 1944.
Where is BDC Capital’s Climate Tech Fund based?
BDC Capital’s Climate Tech Fund is headquartered in Montréal, Canada, in the North America region.
Who are BDC Capital’s Climate Tech Fund's main competitors?
Direct peers on record are Pangaea Ventures, InvestEco Capital, ArcTern Ventures, Cycle Capital and Renewal Funds. Real Ventures is listed as a regional player. Broad incumbents are BDC Capital (Growth Equity Partners) and Breakthrough Energy Ventures. SDTC (Sustainable Development Technology Canada) is listed as an others. Clean Energy Ventures is listed as an emerging player.
Does BDC Capital’s Climate Tech Fund have an API?
No public API is recorded for BDC Capital’s Climate Tech Fund.
What industry is BDC Capital’s Climate Tech Fund in?
BDC Capital’s Climate Tech Fund's product category is Venture Capital / Climate Tech Investment. Its primary akta.pro industry code is FSANAJAA, Climate / Clean Tech & Decarbonization Funds, with a secondary code of FSANAIAC, BDC / Public Vehicle Venture Debt Providers. Its NAICS code is 525 and its SIC code is 6199.