Government Funding
EDC signs US $2.9B financing partnership with ABB
Export Development Canada (EDC) and ABB entered into US $2.9B partnership to support ABB's customers with debt financing for key electrification and automation projects globally
EDC, banker of Canadian pension funds and PE firms
Export Development Canada (EDC) proven to be the bankers of Canadian pension funds, private equity firms and PE backed firms in the first 7 months of 2023
VCAP and VCCI 2017, success or failure?
VCAP and VCCI 2017, administered by BDC Capital, approved to have questionable impact to Canadian VC industry with many unanswered questions. With political agenda and restrictions, VCCI 2022 is stumbling out of the gate. It remains to be seen how VCCI 2022 will make impact.
General Fusion closes 1st tranche of Series F
General Fusion raised US $25M in combined 1st close of Series F led by BDC Capital and GIC and grants from Government of British Columbia and Canadian Government's Strategic Innovation Fund (SIF)
BDC allocates $30M for creative and cultural industries
BDC launched $30 million financing envelope, in partnership with Telefilm Canada, to support for Canada's creative and cultural economy.
New School Foods closes US $12M seed funding
Chris Bryson's New School Foods secured US $12M in seed funding from Lever VC, Blue Horizon, Hatch, Good Startup, Alwyn Capital, Joyance Partners, and grants from multiple agencies, including Protein Industry Canada.
KA Imaging secures In-Q-Tel investment and Government of Canada funding
KA Imaging secured funding from INOVAIT through Government of Canada's Strategic Innovation Fund, and strategic investment and technology development agreement with In-Q-Tel.
Sparrow Living secures $1M funding
Oren Singer and Gavin Servai founded Sparrow Living received $1M in funding for its homesharing platform, $500K each from Accenture and Government of Canada (National Housing Strategy Innovation Programs).
Layla Care secures government debt and grant funding
Samer Abughannam's Layla Care obtained funding from BDC Capital's Growth and Transition Capital, FedDev Ontario's Southern Ontario Fund for Investment in Innovation (SOFII), delivered by Community Futures Eastern Ontario (CFEO).
FedDev Ontario invests $5.7M in Canvass Analytics
Humera Malik led and Yamaha Motor Ventures, Real Ventures principally backed Canvass Analytics (Canvass AI) secured $5.7M in funding from FedDev Ontario.
Government of Canada launches $553M PacifiCan, splitting from WD
Government of Canada invests $553.1M over 5 years in Pacific Economic Development Canada (PacifiCan), a new federal regional economic development agency solely for BC. Western Economic Diversification Canada is renamed as Prairies Economic Development Canada (PrairiesCan) focused on AB, SK and MB.
CIB commits $400M to support City of Brampton’s 450 ZEBs program
Canada Infrastructure Bank (CIB) to loan up to $400M to City of Brampton in supporting Brampton Transit's purchase of up to 450 zero-emission buses (ZEBs) by 2027.
CIB and Governments of Canada and Quebec commit over $91M to Tshiuetin Rail
Canada Infrastructure Bank, Transport Canada and Government of Quebec to provide over $91M to Tshiuetin Rail Transportation Inc. and Tshiuetin LP to modernize first Indigenous owned and operated railway
EMPOWER Softwares secures $3M funding
EMPOWER Softwares obtained $3M debt funding from Investissement Québec, BDC Capital and PME Montreal
CIB invests up to $400M in Ottawa’s historic 450 ZEBs expansion
Canada Infrastructure Bank (CIB) committed up to $400M in support of City of Ottawa's OC Transpo's adoption of 450 zero-emission buses (ZEBs) by 2027
CIB invests $14.4M in Edmonton Transit Service’s ZEB program
Canada Infrastructure Bank (CIB) invests $14.4M to enable Edmonton Transit Service (ETS) to purchase 20 new zero-emission public transit buses (ZEBs).
Swiss Water raises $25M from BDC and FCC, amends Mill Road debenture agreement
Swiss Water Decaffeinated Coffee secured additional $25M under existing senior debt facility with BDC and new lender, Farm Credit Canada and amended Mill Road Capital debenture agreement.
CIB to invest up $170M in $500M Oneida Energy Storage project
Canada Infrastructure Bank to invest up to $170M in the $500M energy storage project managed by Oneida Energy Storage LP, partnership between NRStor Inc and Six Nations of the Grand River Development Corporation
