BDC Capital is recapitalizing its growth equity investment programs with $950 million, aiming to support Canadian later-stage startups facing economic uncertainty. The investment includes $500M for its Growth Venture Fund and $450M for Growth Equity Partners, both with a five-year investment timeline.
BDC, Canada’s largest venture capital investor, has backed 66 companies across these funds since 2016. The move comes as private investment retracts, impacting tech firms’ growth and valuations. BDC’s VC portfolio was valued at $2.98 billion as of Sept. 30, despite recent losses. Experts emphasize BDC’s role in ensuring continued capital access for Canadian innovators.
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