The Canadian AI Index

Investors / BDC Growth Venture Fund

BDC Growth Venture Fund

BDC Growth Venture Fund is a government or Crown investor based in Canada. BDC Growth Venture Fund has backed 9 Canadian AI companies in the Index, joining 2 tracked rounds. The most recent was Cohere's US$100M bridge round in September 2025. BDC Growth Venture Fund most often invests alongside AMD Ventures, BNY and Canapi Ventures.

Government/Crown based in Canada. 9 Canadian AI companies in the Index, 2 tracked rounds.

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Type
Government/Crown
HQ country
Canada
Companies
9
Tracked rounds
2
Led
0
First tracked deal
Conquest Planning, Jun 2025
Latest tracked deal
Cohere, Sep 2025
Website
bdc.ca

Portfolio

CompanyRounds joined (date, round size)Company's total raisedRole
CohereBridge/Extension · Sep 2025 · US$100M roundC$9.1B—
Conquest PlanningSeries B · Jun 2025 · US$80M roundC$132.8M—
Avidbots*———
BenchSci*—C$95M—
Element AI*———
Hopper*———
StackAdapt*———
Symend*—US$92M—
Vention*—C$352.3M—

A round's size is the whole round as announced, not this investor's cheque.

* Held per the firm's portfolio page or reported coverage, without a round tracked in the Index.

Frequent co-investors

AMD Ventures (1 shared round), BNY (1 shared round), Canapi Ventures (1 shared round), Citi Ventures (1 shared round), Goldman Sachs Asset Management (1 shared round), Inovia Capital (1 shared round), Nexxus Capital Management (1 shared round), NVentures (Nvidia) (1 shared round)

Data as of November 10, 2026.

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