BDC IT Venture Fund

The BDC IT Venture Fund, established in 2011, is a Canadian venture capital fund dedicated to supporting early-stage software companies with high growth potential. The fund focuses on innovative Canadian companies developing software solutions, including enterprise software as a service (SaaS), analytics, security, and e-commerce infrastructure. With a fund size of $300 million, it has backed over 46 companies, with 70% of its investments in enterprise software. The fund's investment strategy involves nurturing early opportunities, supporting high-growth software companies, and forging global connections. It typically leads investments in Series A or B rounds, with initial investments ranging from $2 million to $5 million, and up to $15 million invested over the life of the company. The fund's team comprises partners based in Montreal, Ottawa, Toronto, Vancouver, and San Francisco, all with extensive operating experience in the software space. Notable investments include Radian6 (acquired by Salesforce), Q1 Labs (acquired by IBM), and Layer 7 (acquired by CA).