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Canada's BDC Capital Commits to Leading Seed Rounds with New CAD$50Mn Fund

Canada's BDC Capital Commits to Leading Seed Rounds with New CAD$50Mn Fund

Canada's BDC Capital has announced an additional CAD$50Mn investment into its Seed Venture Fund, "dedicated to supporting emerging Canadian startups with the funding they need to bring their vision to life, to help them scale and become tomorrow’s global champions. The fund will focus primarily on promising pre-seed and seed stage software companies within Enterprise SaaS and other software verticals, including Digital Health and FinTech, that are using artificial intelligence (AI) to redefine some sectors."

Bangladeshi-Canadian Dinar Ahmed is a Partner at BDC Capital, the largest venture capital investor in Canada, and currently leads early stage investments across BDC's pan-Canadian Seed Fund. He serves on multiple portfolio company boards, focusing on growth, strategy, M&A and fundraising initiatives.

Ahmed says, "The new Seed Venture Fund is meant to be an anchor Seed-stage fund through good and bad economic times. We are high conviction investors that will look to lead most of our deals with an increased emphasis on underserved markets across Canada. We prefer to roll up our sleeves and stay close to founders in helping them build generational companies."

BDC Capital is the largest venture investor in Canada, managing CAD$6Bn assets under management (AUM) across direct and indirect investments.

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