A prolific investor in climate-tech companies in Canada is back with a second fund for “low-carbon technologies” — only this time the firm plans to pump less money into the scene, over a longer period of time.
The Business Development Bank of Canada (BDC) came out with a new, $400 million climate-tech fund on Wednesday, which it called a “renewed commitment” to help build “world-class Canadian cleantech” companies.
The BDC is owned by the state and was set up to drive economic development in Canada. Its recent venture deals include joining Samsung in a round for VueReal, which makes tiny, low-energy displays. And earlier this year, BDC chipped in with Toyota to fund e-Zinc, which builds zinc-air batteries that could help utilities stor …
