BC Tech Fund

Kensington is the Manager of the BC Tech Fund a $101 million venture capital fund launched by the Government of British Columbia in 2016. The BC Tech Fund was established to invest in emerging technology companies in BC across multiple sectors, including Information and Communications Technology (ICT), Digital Media, Clean Tech and Life Science/Healthcare. The BC Tech Fund mandate includes investments in BC-based venture capital funds and BC companies.

The BC Tech Fund was established with the goal of realizing the best financial returns within the established Fund parameters, with all investment decisions made on commercial market-based terms consistent with a well developed investment strategy. All investment decisions relating to the BC Tech Fund portfolio have been made by Kensington as the Fund’s Manager, based on Kensington’s opinion of the most compelling investment opportunities available from among eligible candidates.

The BC Tech Fund has now completed its Investment Period and has no remaining capital for new investments.

British Columbia Company Candidates

The following guidelines were been established for the BC Tech Fund for all companies seeking to be considered as candidates for investment.

Location Stage Sector Private
(1) Headquarters in BC or a significant number of senior executives residing in BC, and
(2) A substantial portion of its operations or a significant number of its full-time employees are located in BC.
At the time of the BC Tech Fund’s initial investment, the company is at the Series A stage. The company’s business is in one of the target sectors listed above The company is not a reporting issuer and is not listed on any stock exchange.

British Columbia Venture Capital Fund Candidates

Location Stage Sector Size Commitment
Headquarters in BC, or if based elsewhere, must have a BC office with at least one partner and investment committee member residing in BC Investment strategy primarily targeting companies at the Series A stage. Generally, a company will be considered at the Series A stage when it has a completed product that is being sold to paying customers, generating annual revenues in the range of $1 million to $3 million, with capital required to accelerate rapid growth. Investments to be focused on one or more of the target sectors listed above First-time funds require a minimum size of $50 million; Established funds require a minimum of $100 million The recipient fund must agree to invest at least the amount received from BC Tech Fund into BC companies

For all BC Tech Fund inquiries, please email BCTechFund@kcpl.ca

News

24

May
2022

Spare and Lyft Announce Partnership to Deliver Elevated On-Demand Transportation Services to Transit

VANCOUVER, BC, May 16, 2022 — Spare, a leading transit and mobility management platform, has

24

May
2022

Lomi, Revolutionary At-Home Composting Appliance, Now Available at Best Buy

VANCOUVER, British Columbia, May 17, 2022 (GLOBE NEWSWIRE) — Pela announced today that Lomi, i

23

Nov
2021

Rhino Ventures Unveils $120 Million Third Fund to Invest Beyond Western Canada

Rhino Ventures announced its Fund III on November 23, and armed with $120 million CAD is ready to mo

13

Sep
2021

Panache Ventures Acquires Commonwealth Ventures, Launches Fund Il

Montreal’s Panache Ventures has acquired San Francisco-based Commonwealth Ventures, as the early-s

12

Jul
2021

Eventbase raises $6.5M for mobile event technology platform used by IBM, Microsoft, Cisco

News Brief: Vancouver, B.C.-based startup Eventbase today announced a $6.5 million investment round.

12

Jul
2021

Foodee Acquired by Global Food Service Company Sodexo

Vancouver-based corporate catering startup Foodee has been acquired by Sodexo, one of the largest fo

Portfolio highlights

An Experienced Team

Dedicated team of professionals to help grow your company.