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Venture Capital
bcadvantage.com

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Investments

17

Portfolio Exits

5

Funds

3

About BC Advantage Funds

BC Advantage Funds ("Advantage") is a venture capital corporation that invests in early-stage life science, technology and clean technology companies located in British Columbia. According to the firm, its investors receive a 30% refundable tax credit from the BC Government on investments of up to $200,000 per year and the ability to redeem shares at their net asset value five years following the date that BC Advantage invests funds into eligible small businesses. Per the firm, BC Advantage is the largest venture capital corporation in British Columbia.

BC Advantage Funds Headquarter Location

#1280 – 885 West Georgia St

Vancouver, British Columbia, V6C 3E8,

Canada

604-688-6877

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Expert Collections containing BC Advantage Funds

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Find BC Advantage Funds in 1 Expert Collection, including Pharma Startups.

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Pharma Startups

5,090 items

Pharmaceutical companies working across drug discovery, drug development and drug manufacturing.

Latest BC Advantage Funds News

BC Advantage Funds Completes Transfer of Assets and Liabilities to Trustee and Winds-Up of the Business and Affairs of the Company

Oct 20, 2016

NORTH VANCOUVER, BRITISH COLUMBIA--(Marketwired - Oct. 20, 2016) - B.C. Advantage Funds Ltd. (the "Company") announced today that, as approved by shareholders at its Annual and Special Meeting on July 29, 2016, the Company has completed the transfer of all of its assets and liabilities to the Liquidation Trustee (as defined in the information circular in respect of the Meeting). The Liquidation Trustee has the responsibility to dispose of all or substantially all of the portfolio investments and other assets of the Company, pay out all of the liabilities, and distribute the remaining assets of the trust rateably to shareholders of record as of the date of dissolution of the Company. The Company also announced that a voluntary dissolution of B.C. Advantage Funds has been completed pursuant to Division 2 of Part 10 of the Business Corporations Act (British Columbia). Resolutions authorizing the Dissolution were approved by more than two-thirds of the votes cast by shareholders present or represented by proxy at the Annual and Special Meeting held on June 29, 2016. The Dissolution was also approved by a majority of votes cast by shareholders present or represented by proxy at the Meeting. Full details of the Dissolution process are described in the management information circular of the Company, dated July 7, 2016, prepared in connection with the Meeting. A copy of the Company's management information circular is available on SEDAR at www.sedar.com . About the Company B.C. Advantage Funds Ltd. is a venture capital corporation, formed under the Small Business Venture Capital Act (British Columbia), to invest in emerging technology companies in the Province. For more information about the Company, please visit our website at www.bcadvantagefunds.com . Contact Information Director and Chief Executive Officer 604-688-6877

BC Advantage Funds Investments

17 Investments

BC Advantage Funds has made 17 investments. Their latest investment was in Mobidia as part of their Unattributed VC on May 5, 2012.

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BC Advantage Funds Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

5/6/2012

Unattributed VC

Mobidia

$0.12M

No

1/9/2012

Series C - II

Redlen Technologies

$0.5M

No

9/29/2011

Series A

MSI Methylation Sciences

$18.41M

Yes

9/23/2011

Unattributed VC

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$99M

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10

1/20/2011

Seed VC

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$99M

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10

Date

5/6/2012

1/9/2012

9/29/2011

9/23/2011

1/20/2011

Round

Unattributed VC

Series C - II

Series A

Unattributed VC

Seed VC

Company

Mobidia

Redlen Technologies

MSI Methylation Sciences

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Amount

$0.12M

$0.5M

$18.41M

$99M

$99M

New?

No

No

Yes

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Co-Investors

Sources

10

10

BC Advantage Funds Portfolio Exits

5 Portfolio Exits

BC Advantage Funds has 5 portfolio exits. Their latest portfolio exit was Redlen Technologies on September 08, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

9/8/2021

Acquired

$991

3

00/00/0000

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10

00/00/0000

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$991

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10

00/00/0000

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10

00/00/0000

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10

Date

9/8/2021

00/00/0000

00/00/0000

00/00/0000

00/00/0000

Exit

Acquired

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Companies

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Valuation

$991

$991

Acquirer

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Sources

3

10

10

10

10

BC Advantage Funds Acquisitions

1 Acquisition

BC Advantage Funds acquired 1 company. Their latest acquisition was Qwest Emerging Biotech Fund on May 21, 2004.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

5/21/2004

Acquired

Date

5/21/2004

Investment Stage

Companies

Valuation

Total Funding

Note

Acquired

Sources

BC Advantage Funds Fund History

3 Fund Histories

BC Advantage Funds has 3 funds, including Advantage Life Science Fund I.

Closing Date

Fund

Fund Type

Status

Amount

Sources

12/31/2005

Advantage Life Science Fund I

Industry Focused

$1.7M

1

Advantage Structured Fund I

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$99M

10

Advantage Venture Fund

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$99M

10

Closing Date

12/31/2005

Fund

Advantage Life Science Fund I

Advantage Structured Fund I

Advantage Venture Fund

Fund Type

Industry Focused

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Status

Amount

$1.7M

$99M

$99M

Sources

1

10

10

BC Advantage Funds Team

5 Team Members

BC Advantage Funds has 5 team members, including current Chief Executive Officer, Frank Holler.

Name

Work History

Title

Status

Frank Holler

Chief Executive Officer

Current

Jim Heppell

President

Current

Ambrose Hong

Chief Financial Officer

Current

Frank Holler

Chief Executive Officer

Former

Tanner Philp

Chief Financial Officer

Former

Name

Frank Holler

Jim Heppell

Ambrose Hong

Frank Holler

Tanner Philp

Work History

Title

Chief Executive Officer

President

Chief Financial Officer

Chief Executive Officer

Chief Financial Officer

Status

Current

Current

Current

Former

Former

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