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§ Venture Capital · Montréal, QC, Canada
Venture capital fund providing equity financing for Canadian women-led technology companies, focused on early-stage growth.
BDC Thrive Venture Fund and Lab for Women is a venture capital investment platform based in Montreal, Quebec, Canada, that provides equity financing to Canadian women-led technology companies. The organization manages a $500 million total platform, which includes a $300 million direct investment fund for seed to Series B stages and a $100 million lab developing alternative equity models. This initiative builds upon the firm's predecessor, the $200 million Women in Technology Venture Fund, which previously completed 38 investments in early-stage businesses. Operating as a subsidiary of BDC Capital, the fund frequently partners with industry events like Startupfest to deploy capital and support female entrepreneurs. The platform recently expanded its offerings by launching the $50 million Thrive ETA Fund to finance corporate acquisitions. The fund was founded in 2022 by BDC Capital, Isabelle Hudon, and Michelle Scarborough.
Bdc Thrive venture has 1 tracked investment across 1 company. The latest tracked deal is $750.0M Series C in Waabi in January 2026.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Jan 28, 2026 | Waabi | $750.0M Series C | G2 Venture Partners, Khosla Ventures | ABU Dhabi Investment Authority, BlackRock, BMO Global Asset Management, Export Development Canada, HarbourVest Partners, Incharge Capital Partners, Karman Ventures, Linse Capital, NVentures, Porsche Automobil Holding, Radical Ventures, Uber, Volvo Group Venture Capital, BDC Capital, Decarbonization Partners, TELUS Ventures |