BDC Capital’s Thrive Venture Fund

Tracked participation in 2 Atlas companies, with 0 explicitly attributed leads.

2portfolio companies

4round participations

0lead positions

Jan 2026latest activity

Capital activity

Portfolio

CompanyLatest valuationFirst → latestRoundsRoleAttributed partner

WWaabiPhysical AIWaabi is a Toronto-based AI company focused on “Physical AI” for autonomous trucking and, more recently, robotaxis.…$1.4BraisedRecent roundsSeries C · Jan 2026$750M · led by G2 Venture Partners, Khosla VenturesStrategic milestone-based future investment (Uber; robotaxis partnership) · Jan 2026$250M · UberSeries B · Jun 2024$200M · BDC Capital’s Thrive Venture Fund, Export Development Canada (EDC) +11Waabi—Jun 2024 → Jan 20262 roundsParticipant—

SASanctuary AIPhysical AISanctuary AI is a Canadian robotics and “Physical AI” company focused on automating complex industrial work that…$119.6MraisedRecent roundsStrategic investment (Zeon Ventures / Zeon) · May 2026Zeon Ventures Inc.Strategic financing from BDC Capital’s Thrive Venture Fund and InBC (amount not disclosed on page) · Jan 2024BDC Capital’s Thrive Venture Fund, InBC Investment Corp.Strategic Innovation Fund (government grant/investment) · Nov 2022$30M · Government of Canada (Strategic Innovation Fund)Sanctuary AI—Jan 2024 → Jan 20242 roundsParticipant—

DateCompanyRoundRaisedValuationRoleEvidence

Jan 28, 2026WWaabiPhysical AIWaabi is a Toronto-based AI company focused on “Physical AI” for autonomous trucking and, more recently, robotaxis.…$1.4BraisedRecent roundsSeries C · Jan 2026$750M · led by G2 Venture Partners, Khosla VenturesStrategic milestone-based future investment (Uber; robotaxis partnership) · Jan 2026$250M · UberSeries B · Jun 2024$200M · BDC Capital’s Thrive Venture Fund, Export Development Canada (EDC) +11WaabiSeries C$750M—Participant

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Jun 18, 2024WWaabiPhysical AIWaabi is a Toronto-based AI company focused on “Physical AI” for autonomous trucking and, more recently, robotaxis.…$1.4BraisedRecent roundsSeries C · Jan 2026$750M · led by G2 Venture Partners, Khosla VenturesStrategic milestone-based future investment (Uber; robotaxis partnership) · Jan 2026$250M · UberSeries B · Jun 2024$200M · BDC Capital’s Thrive Venture Fund, Export Development Canada (EDC) +11WaabiSeries B$200M—Participant

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Jan 01, 2024SASanctuary AIPhysical AISanctuary AI is a Canadian robotics and “Physical AI” company focused on automating complex industrial work that…$119.6MraisedRecent roundsStrategic investment (Zeon Ventures / Zeon) · May 2026Zeon Ventures Inc.Strategic financing from BDC Capital’s Thrive Venture Fund and InBC (amount not disclosed on page) · Jan 2024BDC Capital’s Thrive Venture Fund, InBC Investment Corp.Strategic Innovation Fund (government grant/investment) · Nov 2022$30M · Government of Canada (Strategic Innovation Fund)Sanctuary AIStrategic financing from BDC Capital’s Thrive Venture Fund and InBC (amount not disclosed on page)——Participant

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UndatedSASanctuary AIPhysical AISanctuary AI is a Canadian robotics and “Physical AI” company focused on automating complex industrial work that…$119.6MraisedRecent roundsStrategic investment (Zeon Ventures / Zeon) · May 2026Zeon Ventures Inc.Strategic financing from BDC Capital’s Thrive Venture Fund and InBC (amount not disclosed on page) · Jan 2024BDC Capital’s Thrive Venture Fund, InBC Investment Corp.Strategic Innovation Fund (government grant/investment) · Nov 2022$30M · Government of Canada (Strategic Innovation Fund)Sanctuary AIStrategic financing (BDC Capital and InBC)——Participant

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DateCompanyRoundRaisedValuationRoleEvidence

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