Logo - Business Development Bank of Canada - BDC

Climate Tech Fund II

ICE Venture Fund

Our $400 million fund invests in Canadian climate technology firms demonstrating high potential to grow into global champions and deliver significant domestic and global greenhouse gas reductions. Our team works in close partnership with our portfolio companies, providing advice, connections to government funding programs and private investors. We have the financial capacity to follow-on in a meaningful way as your company commercializes and scales.

Net-zero champions

Innovation and investment in the energy transition are essential to Canada’s net-zero path. BDC is committed to helping Canada meet its 2050 decarbonization targets and climate tech companies will be at the forefront of this transition. Building on the success of our first $600 million Cleantech Fund, the Climate Tech Fund brings our total clean- and climate-tech commitment to $1 billion.

Our focus

  • Late-stage seed to growth stage capital
  • Impactful technologies that materially reduce GHG emissions
  • Hard technologies (capital intensive business models)
  • Defensible proprietary intellectual property
  • Demonstrated market traction / validated product-market fit
  • Clear line of sight to achieve commercial scale and profitability

Who this fund is for

We invest in firms developing technology that materially mitigate GHG emissions across several themes including but not limited to:

  • Electrification & mobility
  • Built environment
  • Carbon capture, utilization, conversion and sequestration
  • Low-carbon fuels and energy
  • Farms, forest & food

BDC also offers other sustainability or climate related venture capital solutions. Learn more

Fighting climate change one investment at a time

Canadian climate tech companies have emerged as global leaders. As one of the largest and most active climate investors in Canada, BDC is here to help these firms reach their full potential.


Collaboration with public and private sector investors is central to our approach


Long-term investor playing active role in supporting growth of company


Passionate and committed pan-Canadian team with hands-on approach

Let’s talk

Want to learn more about our fund?

Our team

Susan Rohac - Vice president, Cleantech practice at BDC
Susan Rohac

Managing Partner

View profile
Cheri Corbett - Partner and team lead in investments at BDC
Cheri Corbett

Senior Partner

View profile
Zoltan Tompa - Partner and team lead in investments at BDC
Zoltan Tompa

Senior Partner

View profile
Vivian Kan - Partner in investments at BDC
Vivian Kan


View profile
Pascal Lanctôt - Principal with the cleantech practice at BDC
Pascal Lanctot


View profile
Matt Stanley - Partner investments at BDC
Matt Stanley


View profile
Jahangir Bhatti - Principal, investments at BDC
Jahangir Bhatti


View profile
portrait of Nicole Leite
Nicole Leite


Kevin Albert - Associate principal, investment at BDC
Kevin Albert

Associate Principal

View profile
Brian Chan - Associate principal investments at BDC
Brian Chan

Associate Principal

View profile
Darya Jalali - Associate principal in investments at BDC
Darya Jalali

Associate Principal

View profile
Alex Corrigan - Senior analyst venture capital at BDC
Alex Corrigan


View profile
portrait of Sam Tirikollur
Sam Tirikollur


Suhail Zantout



Latest news

Certain news link to external sites and are presented in French only.

August 04, 2023

Genecis Raises US$10Million In Funding To Commercialize Biodegradable Plastic Products

Read more
July 31, 2023

Carbon Upcycling raises $26M Series A led by BDC Capital and Climate Investment

Read more
April 13, 2023

Graphite Innovation & Technologies (GIT) raises $10M Series A to decarbonize marine shipping globally

Read more
January 18, 2023

Summit Nanotech Secures US$50M for Lithium Extraction Technology to Support the Energy Transition to Net Zero

Read more
November 15, 2022

CarbiCrete Secures $5M USD in Financing from BDC

Read more