Industrial, Clean and Energy Technology (ICE) Venture Fund

What is Industrial, Clean and Energy Technology (ICE) Venture Fund?

The Industrial, Clean and Energy Technology (ICE) Venture Fund, managed by BDC Capital, focuses on early-stage investments in Canadian technology companies that are scalable, capital-efficient, and demonstrate strong customer traction with at least $1M+ in annual recurring revenue (ARR).

With an investment minimum of $1,000,000 and a maximum of $5,000,000, the fund specializes in Seed and Series A financing rounds.

The ICE Venture Fund primarily supports firms that are innovating within industry and enterprise applications across various sectors, including environmental, social, and governance (ESG), energy and electrification, mobility, logistics, supply chain, industrial systems, real estate and infrastructure, space and aerospace, artificial intelligence, cloud computing, data intelligence, enterprise platforms, IoT/infrastructure, and security, privacy, and compliance.

The fund operates with deep expertise and agility, managing $300 million in capital, and is often the first institutional investor to back companies at the frontier of innovation where digital transformation is imperative.

Although the fund is now closed to new investments, it remains focused on supporting its existing portfolio companies.

The ICE Venture Fund is committed to helping entrepreneurs with breakthrough ideas to build global companies, providing hands-on support in product development, marketing, sales, and talent management. By investing in full-stack solutions that incorporate software, data, and devices, the fund aims to foster transformative change and propel companies to the next level.

It maintains broad networks and alliances to support company growth and is seen as an active, mission-aligned, and visionary partner.

What they say:

We target Canadian, scalable, capital-efficient companies with $1M+ ARR supported with strong customer traction.