British Columbia Discovery Fund

investment firm

About

British Columbia Discovery Fund (VCC) Inc. (BC Discovery Fund, BCDF or the Fund) is a diversified venture capital investment fund which

Details

Founded date
Jan 1, 2002
Operating Status
Active
Investor Type
Government Office,Venture Capital

British Columbia Discovery Fund (VCC) Inc. ("BC Discovery Fund," "BCDF" or the "Fund") is a diversified venture capital investment fund which allows investors to participate in the emerging technology industry in British Columbia. The Fund issues its shares under the Venture Capital Corporation (VCC) program, a BC government initiative to promote economic diversification and investment in small businesses, including technology ventures. In addition to enabling participation in innovative, local companies, BC Discovery Fund provides retail investors access to private venture capital investment opportunities, which are often only accessible to institutional shareholders and "angel" investors.

Eligible individual investors in the Fund receive a tax credit equal to 30% of the amount invested, to a maximum of a $60,000 tax credit per annum. The tax credit on investments into the Fund during the first 60 days of the year can be carried back and applied against the prior year's taxes payable. To the extent that the amount of the tax credit exceeds an individual's British Columbia taxes otherwise payable, the individual is entitled to a refund of the difference. Shares in the Fund are eligible for RRSPs, RRIFs and RESPs. The tax credit is also available to B.C. corporations to reduce B.C. taxes payable.

Investments

Number of Investments
Number of Lead Investments
11
2
British Columbia Discovery Fund has made 11 investments. Their most recent investment was on Mar 30, 2017, when Fathom Systems raised 0.
Date Company Name
Round Money Raised Industry Lead Investor
Mar 30, 2017 Fathom Systems
Series Unknown Information Technology
Aug 11, 2015 PHEMI
Series A $12.20M Analytics
Oct 4, 2012 D-Wave Systems
Series Unknown $30M Electronics
Series Unknown $2M Railroad
Dec 16, 2008 Rx Networks
Series A $1.85M Enterprise Software

Employee Profiles

Number of Employee Profiles
6
British Columbia Discovery Fund has 6 current employee profiles, including Board member Neil de Gelder
Board member
Board member
Executive
Board member
Board member

Exits

British Columbia Discovery Fund has had 7 exits. British Columbia Discovery Fund most notable exits include D-Wave Systems ,   Tantalus Systems

Date Company Name Exit Type Industry
Aug 8, 2022 D-Wave Systems IPO Electronics Detail
Aug 3, 2021 Tantalus Systems IPO Customer Service Detail
Sep 4, 2020 Navarik M&A Information Technology Detail
Mar 23, 2017 Rx Networks M&A Enterprise Software Detail
May 6, 2015 Mobidia Technology M&A Advertising Detail