BDC Venture Capital has announced a $1.5 million investment into 10 Canadian start-ups, each receiving $150,000.
BDC declared that RUMAnalytics and AnalyzeRE, who are part of the New Brunswick-based Launch36 accelerator program, has been awarded the seed investment. BDC will also be showing the love for Kitchener-Waterloo-based Communitech HYPERDRIVE as they’ll funnel money into 5 start-ups, specifically BeanEvo, ViewsIQ, Groupnotes, Dandy and Cream.hr. Finally, BRIKA, Instaradio and Koge, part of Toronto’s Extreme Startups accelerator program, will each be backed with $150,000 investment.
Senia Rapisarda, VP at BDC Venture Capital, stated that “Making first-time investments in such promising startups is part of our strategy to build a healthy Canadian ecosystem. We’ll also be looking at connecting these entrepreneurs with angel and venture capital as well as providing them with other forms of non-financial support.”