Gov. Fund · WATER INVESTOR

BDC Capital

BDC Capital is a water-focused gov. fund that has backed 4 water companies since 2006. (don't) Waste Water rates its water commitment Committed.

Committed
Water Commitment
Type
Gov. Fund
AUM
$400M
Founded
2006
HQ
Montreal, Canada
Stage
Pre-Seed - Seed
Median round
$2.2M
Portfolio
4 cos

Water Commitment Score

Tier
Committed
4 water companies · last deal 2025 · leads ~40% of rounds · High confidence
How this is scored ↗
as of Jun 2026 · no pay-to-rank

Compiled from official filings, third-party records, and direct intelligence from investors and founders, in Leviathan · recomputed monthly · as of Jun 2026.

How they invest

Pre-Seed1
Seed2
Median round$2.2Mrange $1.9M - $50M · 5 disclosed

Portfolio · 4 water companies

Xatoms
Xatoms uses AI and quantum chemistry to develop visible light-activated photocatalyst coatings
$2.2MPre-Seed · 2025
Summit Nanotech
Summit Nanotech has developed Denali, a direct-lithium-extraction platform that passes brines t
$25.5M2025
RainStick Shower
RainStick Shower sells a Wi-Fi-enabled recirculating shower that captures drain water, filters
$1.9MSeed · 2024
FREDsense Technologies
FREDsense Technologies designs handheld, battery-powered Field-Ready Electrochemical Detectors
$2MLED Seed · 2021

See the full portfolio in Leviathan →

Invests alongside

Xora Innovation2x Evok Innovations2x Capricorn Investment Group2x Joe Gagliese1xEvan Kubes1xCapital Angel Network1x BoxOne Ventures1xAlex C.1xQuantacet1x

Highlighted = profiled on (don't) Waste Water.