The Canadian AI Index

Investors / BDC Seed Venture Fund

BDC Seed Venture Fund

BDC Seed Venture Fund is a government or Crown investor based in Canada. BDC Seed Venture Fund has backed 13 Canadian AI companies in the Index, joining 6 tracked rounds and leading 3. The most recent was JetScale AI's C$5.4M seed round in February 2026. BDC Seed Venture Fund most often invests alongside Brightspark Ventures, Build Ventures and Diagram Ventures.

Government/Crown based in Canada. 13 Canadian AI companies in the Index, 6 tracked rounds, 3 as lead.

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Type
Government/Crown
HQ country
Canada
Companies
13
Tracked rounds
6
Led
3
First tracked deal
Tracktile, Jul 2024
Latest tracked deal
JetScale AI, Feb 2026
Website
bdc.ca

Portfolio

CompanyRounds joined (date, round size)Company's total raisedRole
JetScale AISeed · Feb 2026 · C$5.4M round (lead)C$5.4MLead
IrréversiblePre-seed · Jan 2026——
Musical AISeed · Jan 2026 · US$4.5M roundC$8.3M—
ShopVisionSeed · Sep 2025 · US$4.1M roundUS$4.1M—
Styx IntelligenceSeed · Mar 2025 · C$2.7M round (lead)C$2.7MLead
TracktilePre-seed · Jul 2024 · C$575K round (lead)C$575KLead
Dream Photonics*—C$1.2M—
Dreamwell AI*———
Feel Good Interactive*———
LoopX*—C$480K—
MakeOS*———
Picketa Systems*—C$2.1M—
Stowe*———

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

Brightspark Ventures (1 shared round), Build Ventures (1 shared round), Diagram Ventures (1 shared round), Frostbite Capital (1 shared round), Heavybit (1 shared round), Island Capital Partners (1 shared round), New Brunswick Innovation Foundation (1 shared round), Quantacet (1 shared round)

Data as of November 10, 2026.

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