BDC Capital
Canvas Category Consultancy : Company : Private Equity
Established in 1953, BDC Capital is a private, mission driven economic development company that provides financing and investment capital for growing companies in New England. We have been recognized locally and nationally as a leader and innovator in business lending and investment. BDC Capital provides “gap financing” – supplemental assistance that bridges conventional lending and the greater needs of business and industry. For nearly 70 years, our programs have assisted thousands of New England based companies with over $1 billion of financial assistance.
Assembly Line
Ambyint Secures Capital to Accelerate Sustained Customer Growth
Ambyint, the leading provider of AI-powered production and artificial lift optimization software for the energy industry, is pleased to announce the successful closure of its latest capital round and relocation of its head office to Calgary, Alberta. The round was led by existing investors Mercury and Montrose Lane, plus new investors BDC Capital and Accelerate Fund III. This capital will be focused on accelerating customer growth, increasing our sophisticated energy and tech talent, and optimizing product enhancements including expansion of the company’s proven emissions mitigation capabilities.
Construction Tech Innovator, Brickeye, Completes Significant Investment Round
Brickeye, a leading construction IoT and data analytics technology company, announces the successful first closing of a $10 million investment round. The company welcomed new investors BDC Capital’s IP-backed Financing Fund and Graphite Ventures, with additional funding from existing investors GreenSky Ventures, Brightspark, EDC, and MaRS Investment Accelerator Fund. Brickeye intends to use the funds for continued growth of its risk mitigation and productivity platform for the construction and insurance industries.
Harnessing the power of Internet of Things (IoT) technology, Brickeye’s suite of solutions enable job site monitoring, intelligent alerts and analytics, and smart automations. This empowers general contractors, owners, developers, and insurance providers to effectively mitigate risk, boost productivity, and safeguard margins of high-rise building and infrastructure construction projects. Brickeye is transforming how insurance providers place, underwrite, and protect policies by helping insureds de-risk projects in pre-construction and mitigate risk during construction.
HZG Group Backs AIM3D’s Bound Metal 3D Printing Tech
AIM3D, a developer of a unique metal and ceramics 3D printing technology, has just secured further funding from 3D printing investor HZG Group and the High-Tech Gründerfonds (HTGF), who backed the Rockstock, Germany startup in 2021. AIM3D will use the money to support the launch of its ExAM 510 3D printer and develop software for the machine.
Fabless Semiconductor Innovator Stathera Announces US $15M Series A Funding Round
Stathera Inc., a leading provider of MEMS (Micro-electromechanical Systems) timing solutions, announced today that the company has raised $15 Million in a Series A funding round. The round was co-led by BDC Capital’s Deep Tech Venture Fund and Celesta Capital, with additional participation from strategic investors including MediaTek, Seiko Epson, and TXC.
“Technology scaling using conventional timing architectures has hit a wall when it comes to synchronizing next-generation electronics. Stathera’s technology introduces a new approach to integrating and manufacturing timing devices,” said George Xereas, Stathera’s CEO and Co-founder. “We are excited to be the only company with state-of-the-art DualModeTM frequency technology, which has the potential to re-architect the entire $9.4 Billion electronics timing industry. We are grateful to our investors for recognizing and investing in this potential, which will allow us to expand our world class team and drive commercialization.”
Fabless Semiconductor Innovator Stathera Announces US $15M Series A Funding Round
Stathera Inc., a leading provider of MEMS (Micro-electromechanical Systems) timing solutions, announced today that the company has raised $15 Million in a Series A funding round. The round was co-led by BDC Capital’s Deep Tech Venture Fund and Celesta Capital, with additional participation from strategic investors including MediaTek, Seiko Epson, and TXC.
Stathera intends to use the proceeds from the Series A funding to fully commercialize its DualModeTM GEN1 MEMS timing product line, increasing production capacity in the months ahead to meet anticipated customer demand. In parallel, Stathera plans to invest heavily in the advancement of its GEN2 high-performance technology, which brings an improvement of one order of magnitude over legacy MEMS timing solutions.
Summit Nanotech Secures US$50M for Lithium Extraction Technology to Support the Energy Transition to Net Zero
Summit Nanotech Corporation (“Summit”), a company sustainably solving lithium supply chain challenges, today announced the closing of a US$50 million Series A2. The Series A2 round was led by Evok Innovations and BDC Capital’s Climate Tech Fund alongside participation from previous investors including Xora Innovation and Capricorn Investment Group. Summit also welcomes a consortium of new climate-focused funds; Volta Energy Technologies, NGP, Helios Climate Ventures, and The Grantham Foundation.
Acerta Analytics secures $7.82M Series B financing
Acerta Analytics Solutions Inc. has raised US $7.82 million in Series B funding led by BDC Capital Industrial Innovation Venture Fund and Thrive Venture Fund and Lab for Women, with participation of OMERS Ventures and StandUp Ventures.
North Vancouver-Based Robotics Company Novarc Technologies Raises $2.6 Million Growth Financing From BDC Capital
BDC Capital has provided $2.6 million in growth capital to North Vancouver-based robotics company Novarc Technologies through its new intellectual property (IP) Backed Financing Fund. Their cutting-edge Spool Welding Robot (SWR) allows pipe fabrication companies serving the oil & gas, building construction, and shipbuilding industries to be more competitive when bidding on projects by dramatically increasing the productivity and quality of their pipe welding operations.
They will use the proceeds of this transaction to increase the company’s technical capabilities, expand their team with strategic hires across sales, marketing, finance and R&D, as well as support their growth plans.