BDC Venture Capital Adds $135 Million to Healthcare Fund, Broadens Investment Strategy

Posted by Knowlton Thomas

In a recent article about why entrepreneurs shouldn't ignore the massive transformation happening in healthcare technology,  senior managing partner of the BDC Healthcare Venture Fund Dion Madsen hinted to Techvibes that the fund—already the leader in Canada—would soon get an injection of more capital.

Today that injection was finalized: BDC Venture Capital announced it has allocated $135 million in new capital to direct venture investments in innovative healthcare companies, which brings its total direct commitment to the sector to $270 million.

Recognizing "a massive and growing market opportunity," the BDC Venture Capital Healthcare Fund says it will broaden its investment strategy and invest in technology, products and services that aim to dramatically improve global healthcare productivity, efficiency and patient outcomes.

“Great investors typically look for industries that are undergoing massive disruption, and this is certainly true of the healthcare sector. We have never seen a better time to invest in the sector,” says  Madsen. “All economies are struggling to maintain affordable and accessible healthcare systems. With the widespread availability of wireless and mobile technologies, innovative molecular diagnostics and imaging technology, high-throughput genomic sequencing, and innovations in healthcare IT, the opportunity exists to radically transform healthcare delivery across the planet.”

According to Madsen, the new funds will be used to invest in Canadian-based companies in fields such as innovative therapeutics and medical technology, diagnostics, health IT, mobile technologies and services, as well as robotics and automation.

“This investment is just one example of the many ways BDC Venture Capital is making tangible, positive impacts on the Canadian venture capital ecosystem,” added Jérôme Nycz, Executive Vice President, BDC Venture Capital and Subordinate Financing. “The new money will be used to provide more Canadian technology companies with access to the capital required to develop and commercialize innovative healthcare technologies that tackle the unprecedented challenges—and opportunities—in delivering care efficiently and effectively.”

Company:
BDC Venture Capital
Website:
http://www.bdc.ca
Location:
Montréal, Québec, Canada

With more than $1 billion under management and more than 25 years of industry experience, BDC Venture Capital is an investor of choice focusing on IT, health and energy/cleantech companies, as well as venture funds, with high growth potential. From seed through expansion to exit, their mandate is to help build outstanding Canadian companies, while working to create a sound financial ecosystem for Canadian... more


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Knowlton Thomas

Knowlton Thomas

Knowlton is the managing editor of Techvibes. Based in Vancouver, Knowlton has been published in national publications and has also appeared on television and radio. Previously he was an editor for New Westminster weekly The Other Press and served on its board of directors. When not working, Knowlton enjoys playing tennis or otherwise enjoying the outdoors. more



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